FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 10, 2015 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Dec 9, 2015 Federal Reserve Banks Dec 9, 2015 Dec 2, 2015 Dec 10, 2014 Reserve Bank credit 4,441,625 + 1,527 - 6,135 4,442,320 Securities held outright (1) 4,239,329 - 14 + 9,254 4,239,330 U.S. Treasury securities 2,461,594 - 16 + 10 2,461,589 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 - 74 2,346,639 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534 Inflation compensation (3) 16,421 - 16 + 18 16,416 Federal agency debt securities (2) 32,944 0 - 5,733 32,944 Mortgage-backed securities (4) 1,744,791 + 2 + 14,977 1,744,796 Unamortized premiums on securities held outright (5) 190,627 - 358 - 16,975 190,518 Unamortized discounts on securities held outright (5) -16,686 + 31 + 1,823 -16,675 Repurchase agreements (6) 0 - 84 0 0 Loans 76 - 11 - 24 81 Primary credit 2 - 2 - 5 4 Secondary credit 0 0 0 0 Seasonal credit 74 - 10 - 19 77 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,716 + 1 + 35 1,715 Float 284 + 48 + 868 44 Central bank liquidity swaps (8) 136 0 + 134 136 Other Federal Reserve assets (9) 26,144 + 1,917 - 1,250 27,171 Foreign currency denominated assets (10) 19,504 + 312 - 1,726 19,669 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 47,467 + 14 + 1,186 47,467 Total factors supplying reserve funds 4,524,837 + 1,853 - 6,675 4,525,698 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Dec 9, 2015 Federal Reserve Banks Dec 9, 2015 Dec 2, 2015 Dec 10, 2014 Currency in circulation (11) 1,410,709 - 579 + 92,327 1,412,681 Reverse repurchase agreements (12) 264,900 - 24,281 + 24,994 283,830 Foreign official and international accounts 190,010 - 5,132 + 97,710 195,867 Others 74,890 - 19,148 - 72,716 87,963 Treasury cash holdings 251 + 12 + 59 245 Deposits with F.R. Banks, other than reserve balances 257,857 + 20,723 - 218,049 252,215 Term deposits held by depository institutions 43,832 + 43,832 - 358,321 43,832 U.S. Treasury, General Account 186,624 - 26,132 + 126,532 175,746 Foreign official 5,257 - 156 + 38 5,429 Other (13) 22,145 + 3,179 + 13,702 27,208 Other liabilities and capital (14) 67,251 + 1,010 + 3,263 66,712 Total factors, other than reserve balances, absorbing reserve funds 2,000,967 - 3,116 - 97,407 2,015,683 Reserve balances with Federal Reserve Banks 2,523,870 + 4,969 + 90,732 2,510,015 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements. 7. Refer to table 4 and the note on consolidation accompanying table 6. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 9. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for depreciation. 10. Revalued daily at current foreign currency exchange rates. 11. Estimated. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Memorandum item Averages of daily figures Wednesday Week ended Change from week ended Dec 9, 2015 Dec 9, 2015 Dec 2, 2015 Dec 10, 2014 Securities held in custody for foreign official and international accounts 3,317,933 - 6,342 - 6,283 3,316,655 Marketable U.S. Treasury securities (1) 2,999,780 - 6,253 + 18,233 2,998,419 Federal agency debt and mortgage-backed securities (2) 272,014 - 99 - 28,578 272,070 Other securities (3) 46,139 + 10 + 4,063 46,166 Securities lent to dealers 12,976 - 1,160 + 1,346 14,328 Overnight facility (4) 12,976 - 1,160 + 1,346 14,328 U.S. Treasury securities 12,846 - 1,200 + 1,862 14,177 Federal agency debt securities 131 + 41 - 515 151 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 9, 2015 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans 23 58 0 0 0 ... 81 U.S. Treasury securities (1) Holdings 0 38,619 165,795 1,124,297 494,992 637,886 2,461,589 Weekly changes 0 0 - 1 - 2 - 2 - 8 - 12 Federal agency debt securities (2) Holdings 0 1,626 12,825 16,146 0 2,347 32,944 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 481 9,137 1,735,179 1,744,796 Weekly changes 0 0 0 + 100 - 27 - 65 + 7 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 136 0 0 0 0 0 136 Reverse repurchase agreements (4) 283,830 0 ... ... ... ... 283,830 Term deposits 43,832 0 0 ... ... ... 43,832 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 2. Face value. 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 4. Cash value of agreements. 5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Dec 9, 2015 Mortgage-backed securities held outright (1) 1,744,796 Commitments to buy mortgage-backed securities (2) 33,865 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 14 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Account name Wednesday Dec 9, 2015 Net portfolio holdings of Maiden Lane LLC (1) 1,715 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2015. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 5 and table 6. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest. 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Dec 9, 2015 Wednesday Wednesday consolidation Dec 2, 2015 Dec 10, 2014 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,887 + 33 + 25 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,413,253 - 887 - 5,892 Securities held outright (1) 4,239,330 - 4 + 9,277 U.S. Treasury securities 2,461,589 - 12 + 29 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 - 74 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 Inflation compensation (3) 16,416 - 12 + 37 Federal agency debt securities (2) 32,944 0 - 5,733 Mortgage-backed securities (4) 1,744,796 + 7 + 14,980 Unamortized premiums on securities held outright (5) 190,518 - 331 - 16,955 Unamortized discounts on securities held outright (5) -16,675 + 31 + 1,823 Repurchase agreements (6) 0 - 590 0 Loans 81 + 9 - 36 Net portfolio holdings of Maiden Lane LLC (7) 1,715 - 1 + 34 Items in process of collection (0) 366 - 7 + 286 Bank premises 2,229 + 2 - 34 Central bank liquidity swaps (8) 136 + 1 + 134 Foreign currency denominated assets (9) 19,669 + 472 - 1,756 Other assets (10) 24,942 + 2,752 - 1,228 Total assets (0) 4,480,436 + 2,367 - 8,429 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Dec 9, 2015 Wednesday Wednesday consolidation Dec 2, 2015 Dec 10, 2014 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,367,342 + 740 + 89,926 Reverse repurchase agreements (11) 283,830 + 13,481 + 36,477 Deposits (0) 2,762,230 - 13,160 - 137,239 Term deposits held by depository institutions 43,832 + 43,832 - 358,321 Other deposits held by depository institutions 2,510,015 - 22,175 + 81,081 U.S. Treasury, General Account 175,746 - 41,521 + 126,939 Foreign official 5,429 + 208 + 177 Other (12) (0) 27,208 + 6,496 + 12,885 Deferred availability cash items (0) 323 + 24 - 300 Other liabilities and accrued dividends (13) 8,012 + 1,267 + 1,103 Total liabilities (0) 4,421,737 + 2,353 - 10,033 Capital accounts Capital paid in 29,350 + 7 + 802 Surplus 29,350 + 7 + 802 Other capital accounts 0 0 0 Total capital 58,700 + 15 + 1,605 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Refer to table 4 and the note on consolidation accompanying table 6. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 9. Revalued daily at current foreign currency exchange rates. 10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury. 6. Statement of Condition of Each Federal Reserve Bank, December 9, 2015 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Assets Gold certificate account 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,887 47 73 129 134 302 188 277 31 44 150 196 316 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,413,253 111,872 2,649,280 109,763 106,104 239,696 248,528 163,974 46,027 26,888 57,334 142,165 511,621 Securities held outright (1) 4,239,330 107,465 2,544,920 105,439 101,924 230,253 238,725 157,510 44,210 25,782 55,071 136,563 491,468 U.S. Treasury securities 2,461,589 62,400 1,477,722 61,224 59,182 133,698 138,617 91,459 25,671 14,970 31,977 79,296 285,373 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,589 62,400 1,477,722 61,224 59,182 133,698 138,617 91,459 25,671 14,970 31,977 79,296 285,373 Federal agency debt securities (2) 32,944 835 19,777 819 792 1,789 1,855 1,224 344 200 428 1,061 3,819 Mortgage-backed securities (4) 1,744,796 44,230 1,047,422 43,396 41,949 94,766 98,253 64,827 18,196 10,611 22,666 56,206 202,275 Unamortized premiums on securities held outright (5) 190,518 4,830 114,370 4,738 4,580 10,348 10,728 7,079 1,987 1,159 2,475 6,137 22,087 Unamortized discounts on securities held outright (5) -16,675 -423 -10,010 -415 -401 -906 -939 -620 -174 -101 -217 -537 -1,933 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 81 0 0 0 1 1 14 5 5 49 5 3 0 Net portfolio holdings of Maiden Lane LLC (7) 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0 Items in process of collection 366 0 0 0 0 0 365 0 0 1 0 0 0 Bank premises 2,229 125 436 74 106 212 207 203 118 92 239 220 197 Central bank liquidity swaps (8) 136 6 44 8 11 31 8 4 1 1 1 2 20 Foreign currency denominated assets (9) 19,669 892 6,342 1,099 1,533 4,513 1,119 528 183 83 207 283 2,888 Other assets (10) 24,942 663 14,405 625 605 1,525 1,416 940 477 179 362 850 2,894 Interdistrict settlement account 0 - 7,462 - 193,605 + 5,245 + 26,577 + 45,307 + 5,627 + 23,010 + 12,336 + 6,148 + 4,083 + 16,679 + 56,056 Total assets 4,480,436 106,686 2,484,218 117,494 135,812 292,782 259,712 190,094 59,623 33,695 62,818 161,567 575,936 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, December 9, 2015 (continued) Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Liabilities Federal Reserve notes outstanding 1,548,831 49,179 499,180 49,663 83,326 107,326 218,951 103,708 51,953 26,984 40,994 124,903 192,664 Less: Notes held by F.R. Banks 181,489 5,520 67,638 5,847 8,889 11,945 21,541 10,230 4,752 2,734 4,554 13,568 24,271 Federal Reserve notes, net 1,367,342 43,659 431,542 43,817 74,437 95,382 197,410 93,478 47,202 24,250 36,440 111,335 168,393 Reverse repurchase agreements (11) 283,830 7,195 170,386 7,059 6,824 15,416 15,983 10,546 2,960 1,726 3,687 9,143 32,905 Deposits 2,762,230 52,977 1,859,032 63,071 49,724 167,944 42,377 84,138 8,712 7,177 21,918 39,962 365,198 Term deposits held by depository institutions 43,832 125 16,728 4,250 6,900 29 10 5,370 20 0 2,700 0 7,700 Other deposits held by depository institutions 2,510,015 52,848 1,641,477 58,819 42,821 167,708 42,358 71,461 8,683 7,176 19,216 39,960 357,487 U.S. Treasury, General Account 175,746 0 175,746 0 0 0 0 0 0 0 0 0 0 Foreign official 5,429 2 5,402 2 3 9 2 1 0 0 0 1 6 Other (12) 27,208 2 19,679 0 0 198 7 7,306 9 0 1 1 5 Deferred availability cash items 323 0 0 0 0 0 186 0 0 136 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 2,665 76 1,493 81 90 229 145 92 25 14 30 72 319 Other liabilities and accrued dividends 5,347 171 2,479 218 243 647 335 258 135 140 130 183 408 Total liabilities 4,421,737 104,077 2,464,932 114,246 131,317 279,618 256,437 188,512 59,033 33,443 62,205 160,695 567,222 Capital Capital paid in 29,350 1,304 9,643 1,624 2,248 6,582 1,638 791 295 126 307 436 4,357 Surplus 29,350 1,304 9,643 1,624 2,248 6,582 1,638 791 295 126 307 436 4,357 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,480,436 106,686 2,484,218 117,494 135,812 292,782 259,712 190,094 59,623 33,695 62,818 161,567 575,936 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, December 9, 2015 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Refer to table 4 and the note on consolidation below. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 9. Revalued daily at current foreign currency exchange rates. 10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. Note on consolidation: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5). 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Dec 9, 2015 Federal Reserve notes outstanding 1,548,831 Less: Notes held by F.R. Banks not subject to collateralization 181,489 Federal Reserve notes to be collateralized 1,367,342 Collateral held against Federal Reserve notes 1,367,342 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,351,105 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,239,330 Less: Face value of securities under reverse repurchase agreements 277,402 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,961,928 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements. 2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.