FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, April 28, 2016

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	April 28, 2016

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Apr 27, 2016
	Week ended Apr 27, 2016	Change from week ended
	Week ended Apr 27, 2016	Apr 20, 2016	Apr 29, 2015
Reserve Bank credit	4,444,723	- 6,986	+ 506	4,434,948
Securities held outright¹	4,241,788	- 7,012	+ 16,541	4,233,335
U.S. Treasury securities	2,461,405	+ 23	+ 1,413	2,461,413
Bills²	0	0	0	0
Notes and bonds, nominal²	2,342,292	+ 57	- 4,417	2,342,292
Notes and bonds, inflation-indexed²	103,134	- 52	+ 4,666	103,134
Inflation compensation³	15,979	+ 19	+ 1,163	15,987
Federal agency debt securities²	27,096	- 1,235	- 8,799	27,096
Mortgage-backed securities⁴	1,753,287	- 5,801	+ 23,927	1,744,826
Unamortized premiums on securities held outright⁵	184,271	- 647	- 17,041	183,791
Unamortized discounts on securities held outright⁵	-16,175	+ 121	+ 1,652	-16,082
Repurchase agreements⁶	0	0	0	0
Loans	120	+ 71	+ 53	70
Primary credit	67	+ 62	+ 34	15
Secondary credit	0	0	0	0
Seasonal credit	53	+ 9	+ 18	56
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁷	1,721	- 1	+ 28	1,714
Float	-207	+ 24	+ 263	-660
Central bank liquidity swaps⁸	0	- 33	0	0
Other Federal Reserve assets⁹	33,207	+ 493	- 987	32,779
Foreign currency denominated assets¹⁰	20,736	- 197	+ 966	20,772
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹¹	47,784	+ 14	+ 1,021	47,784

Total factors supplying reserve funds	4,529,485	- 7,168	+ 2,493	4,519,745

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 reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Apr 27, 2016
	Week ended Apr 27, 2016	Change from week ended
	Week ended Apr 27, 2016	Apr 20, 2016	Apr 29, 2015
Currency in circulation¹¹	1,445,812	+ 1,516	+ 86,912	1,448,377
Reverse repurchase agreements¹²	263,028	- 5,971	+ 20,202	267,113
Foreign official and international accounts	237,464	- 3,062	+ 79,883	235,681
Others	25,564	- 2,908	- 59,681	31,432
Treasury cash holdings	155	- 24	- 68	147
Deposits with F.R. Banks, other than reserve balances	399,589	+ 93,743	+ 134,742	404,729
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	346,166	+ 77,381	+ 126,464	372,499
Foreign official	5,234	+ 58	- 3	5,174
Other¹³	48,189	+ 16,303	+ 8,281	27,056
Other liabilities and capital¹⁴	46,740	- 343	- 19,678	46,121

Total factors, other than reserve balances, absorbing reserve funds	2,155,326	+ 88,923	+ 222,112	2,166,488

Reserve balances with Federal Reserve Banks	2,374,158	- 96,092	- 219,619	2,353,257

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 earnings remittances due to the 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 Apr 27, 2016
	Week ended Apr 27, 2016	Change from week ended
	Week ended Apr 27, 2016	Apr 20, 2016	Apr 29, 2015
Securities held in custody for foreign official and international accounts	3,238,689	- 3,290	- 49,898	3,237,807
Marketable U.S. Treasury securities¹	2,926,366	- 2,231	- 35,002	2,924,033
Federal agency debt and mortgage-backed securities²	263,827	- 1,671	- 19,983	264,755
Other securities³	48,496	+ 612	+ 5,087	49,018
Securities lent to dealers	17,760	+ 478	+ 8,976	19,059
Overnight facility⁴	17,760	+ 478	+ 8,976	19,059
U.S. Treasury securities	17,701	+ 480	+ 9,195	19,006
Federal agency debt securities	59	- 2	- 219	53

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, April 27, 2016

Millions of dollars

Remaining Maturity	Within 15 days	16 days to 90 days	91 days to 1 year	Over 1 year to 5 years	Over 5 year to 10 years	Over 10 years	All
Loans	63	8	0	0	0	...	70
U.S. Treasury securities¹
Holdings	27,371	56,444	114,431	1,156,462	474,322	632,384	2,461,413
Weekly changes	0	+ 1	+ 1	+ 4	+ 4	+ 14	+ 23
Federal agency debt securities²
Holdings	0	4,604	10,663	9,482	0	2,347	27,096
Weekly changes	0	0	0	0	0	0	0
Mortgage-backed securities³
Holdings	0	0	0	854	8,933	1,735,039	1,744,826
Weekly changes	0	0	0	- 25	- 165	- 14,601	- 14,791
Repurchase agreements⁴	0	0	...	...	...	...	0
Central bank liquidity swaps⁵	0	0	0	0	0	0	0

Reverse repurchase agreements⁴	267,113	0	...	...	...	...	267,113
Term deposits	0	0	0	...	...	...	0

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
Account name	Apr 27, 2016
Mortgage-backed securities held outright¹	1,744,826

Commitments to buy mortgage-backed securities²	25,274
Commitments to sell mortgage-backed securities²	0

Cash and cash equivalents³	16

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
Account name	Apr 27, 2016
Net portfolio holdings of Maiden Lane LLC¹	1,714

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	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 March 31, 2016. 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 from consolidation	Wednesday Apr 27, 2016	Change since
			Wednesday	Wednesday
			Apr 20, 2016	Apr 29, 2015
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,867	- 10	+ 66
Securities, unamortized premiums and discounts, repurchase agreements, and loans		4,401,115	- 15,554	+ 3,226
Securities held outright¹		4,233,335	- 14,768	+ 18,556
U.S. Treasury securities		2,461,413	+ 23	+ 1,379
Bills²		0	0	0
Notes and bonds, nominal²		2,342,292	0	- 4,417
Notes and bonds, inflation-indexed²		103,134	0	+ 4,666
Inflation compensation³		15,987	+ 22	+ 1,129
Federal agency debt securities²		27,096	0	- 8,799
Mortgage-backed securities⁴		1,744,826	- 14,791	+ 25,976
Unamortized premiums on securities held outright⁵		183,791	- 995	- 17,069
Unamortized discounts on securities held outright⁵		-16,082	+ 202	+ 1,729
Repurchase agreements⁶		0	0	0
Loans		70	+ 6	+ 9
Net portfolio holdings of Maiden Lane LLC⁷		1,714	- 8	+ 25
Items in process of collection	(0)	182	+ 34	+ 123
Bank premises		2,222	0	- 22
Central bank liquidity swaps⁸		0	- 33	0
Foreign currency denominated assets⁹		20,772	- 143	+ 715
Other assets¹⁰		30,557	+ 249	- 965

Total assets	(0)	4,474,665	- 15,466	+ 3,166

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 from consolidation	Wednesday Apr 27, 2016	Change since
			Wednesday	Wednesday
			Apr 20, 2016	Apr 29, 2015
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,402,602	+ 2,734	+ 86,619
Reverse repurchase agreements¹¹		267,113	- 1,400	+ 17,226
Deposits	(0)	2,757,987	- 16,973	- 81,731
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,353,257	- 51,408	- 227,810
U.S. Treasury, General Account		372,499	+ 34,959	+ 127,073
Foreign official		5,174	+ 1	- 59
Other¹²	(0)	27,056	- 526	+ 19,064
Deferred availability cash items	(0)	842	+ 445	+ 293
Other liabilities and accrued dividends¹³		6,084	- 275	- 1,577

Total liabilities	(0)	4,434,628	- 15,469	+ 20,831

Capital accounts
Capital paid in		30,038	+ 4	+ 1,187
Surplus		10,000	0	- 18,851
Other capital accounts		0	0	0

Total capital		40,038	+ 4	- 17,664

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 earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, April 27, 2016

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Assets
Gold certificate account	11,037	355	3,588	359	586	760	1,541	753	360	193	296	875	1,371
Special drawing rights certificate acct.	5,200	196	1,818	210	237	412	654	424	150	90	153	282	574
Coin	1,867	52	77	129	135	297	178	278	22	56	150	184	308
Securities, unamortized premiums and discounts, repurchase agreements, and loans	4,401,115	108,122	2,504,490	119,498	131,804	268,964	246,326	175,372	55,565	32,455	61,264	156,654	540,602
Securities held outright¹	4,233,335	103,993	2,409,052	114,944	126,781	258,715	236,936	168,677	53,428	31,211	58,917	150,684	519,997
U.S. Treasury securities	2,461,413	60,465	1,400,709	66,833	73,715	150,426	137,763	98,075	31,065	18,147	34,256	87,613	302,345
Bills²	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes and bonds³	2,461,413	60,465	1,400,709	66,833	73,715	150,426	137,763	98,075	31,065	18,147	34,256	87,613	302,345
Federal agency debt securities²	27,096	666	15,419	736	811	1,656	1,517	1,080	342	200	377	964	3,328
Mortgage-backed securities⁴	1,744,826	42,862	992,923	47,376	52,255	106,633	97,656	69,522	22,021	12,864	24,283	62,107	214,324
Unamortized premiums on securities held outright⁵	183,791	4,515	104,590	4,990	5,504	11,232	10,287	7,323	2,320	1,355	2,558	6,542	22,576
Unamortized discounts on securities held outright⁵	-16,082	-395	-9,152	-437	-482	-983	-900	-641	-203	-119	-224	-572	-1,975
Repurchase agreements⁶	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans	70	9	0	0	0	0	4	13	20	8	13	0	4
Net portfolio holdings of Maiden
Lane LLC⁷	1,714	0	1,714	0	0	0	0	0	0	0	0	0	0
Items in process of collection	182	0	0	0	0	0	181	0	0	0	0	0	0
Bank premises	2,222	122	432	74	106	208	205	202	117	91	241	226	198
Central bank liquidity swaps⁸	0	0	0	0	0	0	0	0	0	0	0	0	0
Foreign currency denominated
assets⁹	20,772	918	6,855	1,143	1,582	4,632	1,153	557	213	89	207	263	3,160
Other assets¹⁰	30,557	790	16,870	837	918	2,035	1,724	1,230	468	253	476	1,193	3,764
Interdistrict settlement account	0	- 22,599	+ 74,570	- 3,288	- 13,131	- 32,116	+ 5,345	+ 1,270	- 388	- 152	- 4,487	+ 4,689	- 9,714

Total assets	4,474,665	87,955	2,610,415	118,962	122,236	245,193	257,309	180,086	56,506	33,076	58,299	164,367	540,262

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, April 27, 2016 (continued)

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Liabilities
Federal Reserve notes outstanding	1,571,140	49,032	500,758	49,415	81,650	108,448	223,086	105,411	50,706	27,091	39,922	130,611	205,011
Less: Notes held by F.R. Banks	168,538	5,174	57,159	5,768	8,859	11,818	22,521	9,918	4,842	2,386	4,808	12,925	22,359
Federal Reserve notes, net	1,402,602	43,858	443,599	43,647	72,791	96,630	200,564	95,493	45,864	24,705	35,114	117,686	182,651
Reverse repurchase agreements¹¹	267,113	6,562	152,005	7,253	8,000	16,324	14,950	10,643	3,371	1,969	3,718	9,508	32,811
Deposits	2,757,987	35,609	1,998,757	65,682	38,200	122,844	39,122	72,154	6,718	5,309	18,935	36,408	318,250
Term deposits held by depository institutions	0	0	0	0	0	0	0	0	0	0	0	0	0
Other deposits held by depository institutions	2,353,257	35,604	1,601,468	65,679	38,197	122,582	39,113	65,018	6,710	5,309	18,934	36,403	318,239
U.S. Treasury, General Account	372,499	0	372,499	0	0	0	0	0	0	0	0	0	0
Foreign official	5,174	2	5,147	2	3	9	2	1	0	0	0	1	6
Other¹²	27,056	3	19,643	0	0	252	7	7,135	7	0	1	4	5
Deferred availability cash items	842	0	0	0	0	0	66	0	0	776	0	0	0
Earnings remittances due to the U.S. Treasury¹³	1,430	36	855	33	38	58	85	53	12	11	20	58	171
Other liabilities and accrued dividends	4,654	144	2,078	193	194	533	311	257	125	135	116	198	370

Total liabilities	4,434,628	86,208	2,597,294	116,807	119,222	236,389	255,099	178,599	56,090	32,905	57,903	163,857	534,253

Capital
Capital paid in	30,038	1,305	9,822	1,604	2,252	6,573	1,654	1,219	313	128	296	383	4,488
Surplus	10,000	442	3,299	550	762	2,230	555	268	103	43	100	127	1,521
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0

Total liabilities and capital	4,474,665	87,955	2,610,415	118,962	122,236	245,193	257,309	180,086	56,506	33,076	58,299	164,367	540,262

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, April 27, 2016 (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 due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.

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
Federal Reserve notes and collateral	Apr 27, 2016
Federal Reserve notes outstanding	1,571,140
Less: Notes held by F.R. Banks not subject to collateralization	168,538
Federal Reserve notes to be collateralized	1,402,602
Collateral held against Federal Reserve notes	1,402,602
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,386,365
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	4,233,335
Less: Face value of securities under reverse repurchase agreements	250,469
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	3,982,866

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.

Statistical releases