Board of Governors of the Federal Reserve System

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

Reserve Bank credit

 7,166,094

-    9,722

-1,055,172

 7,164,367

Securities held outright1

 6,760,361

-    9,854

-  851,845

 6,758,287

U.S. Treasury securities

 4,423,661

-    8,238

-  657,498

 4,423,725

Bills2

   195,293

         0

-   66,278

   195,293

Notes and bonds, nominal2

 3,768,759

-    2,301

-  578,213

 3,768,759

Notes and bonds, inflation-indexed2

   342,996

-    4,623

-   21,553

   342,996

Inflation compensation3

   116,613

-    1,314

+    8,546

   116,677

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,334,353

-    1,616

-  194,347

 2,332,216

Unamortized premiums on securities held outright5

   262,583

-      457

-   31,275

   262,340

Unamortized discounts on securities held outright5

   -24,507

+       96

+    2,755

   -24,424

Repurchase agreements6

         1

-      114

         0

         0

Foreign official

         0

-      100

         0

         0

Others

         1

-       14

+        1

         0

Loans

   111,972

-    1,282

-  155,583

   111,944

Primary credit

     6,690

-       56

+    4,356

     6,751

Secondary credit

         0

         0

         0

         0

Seasonal credit

        70

+        3

+       33

        68

Paycheck Protection Program Liquidity Facility

     2,719

-       48

-    3,944

     2,715

Bank Term Funding Program

   102,494

-    1,179

-    1,722

   102,410

Other credit extensions7

         0

         0

-  154,306

         0

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

    10,870

-      183

-    8,846

    10,880

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,601

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,642

         0

Float

      -223

+       82

-       58

      -270

Central bank liquidity swaps9

       159

-        4

-       96

       159

Other Federal Reserve assets10

    44,877

+    1,992

-    2,981

    45,450

Foreign currency denominated assets11

    18,001

+       36

-      696

    18,093

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    10,200

         0

+    5,000

    10,200

Treasury currency outstanding12

    53,022

+       14

+      728

    53,022

Total factors supplying reserve funds

 7,258,357

-    9,674

-1,050,141

 7,256,723

Currency in circulation12

 2,347,930

-    4,488

+   14,330

 2,347,678

Reverse repurchase agreements13

   788,670

-   12,341

-1,283,945

   805,967

Foreign official and international accounts

   400,682

+    6,207

+   81,577

   406,846

Others

   387,988

-   18,548

-1,365,522

   399,121

Treasury cash holdings

       402

-        5

+      151

       401

Deposits with F.R. Banks, other than reserve balances

   938,292

+   27,874

+  192,358

   951,656

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   774,315

+   22,722

+  230,718

   767,419

Foreign official

     9,741

+       56

+       56

     9,684

Other14

   154,237

+    5,097

-   38,414

   174,552

Treasury contributions to credit facilities15

     4,958

         0

-    8,400

     4,958

Other liabilities and capital16

  -130,476

+    2,130

-  100,972

  -129,822

Total factors, other than reserve balances,
absorbing reserve funds

 3,949,777

+   13,171

-1,186,477

 3,980,838

Reserve balances with Federal Reserve Banks

 3,308,580

-   22,845

+  136,336

 3,275,885

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 securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Includes bank premises, accrued interest, and other accounts receivable.

11.

Revalued daily at current foreign currency exchange rates.

12.

Estimated.

13.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

14.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

15.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

16.

Includes the liability for earnings remittances due to the U.S. Treasury.

Securities held in custody for foreign official and international accounts

 3,310,696

-      746

-  119,550

 3,301,100

Marketable U.S. Treasury securities1

 2,926,758

+    1,301

-   68,796

 2,919,394

Federal agency debt and mortgage-backed securities2

   303,756

-    2,001

-   49,050

   301,564

Other securities3

    80,182

-       46

-    1,704

    80,142

Securities lent to dealers

    39,780

+    3,297

+    2,815

    40,002

Overnight facility4

    39,780

+    3,297

+    2,815

    40,002

U.S. Treasury securities

    39,780

+    3,297

+    2,815

    40,002

Federal agency debt securities

         0

         0

         0

         0

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.

Loans1

     1,806

     5,092

   102,718

     2,328

         0

...

   111,944

U.S. Treasury securities2

Holdings

    63,939

   178,740

   543,643

 1,479,645

   637,651

 1,520,107

 4,423,725

Weekly changes

+    6,881

-    6,192

-      667

+       78

+       21

+       51

+      173

Federal agency debt securities3

Holdings

         0

         0

         0

       486

     1,861

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         1

        31

     6,295

    26,242

 2,299,646

 2,332,216

Weekly changes

         0

         0

         0

         0

-      494

-    3,223

-    3,716

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

         0

         0

     5,915

...

...

     5,915

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       159

         0

         0

         0

         0

         0

       159

Reverse repurchase agreements6

   805,967

         0

...

...

...

...

   805,967

Term deposits

         0

         0

         0

...

...

...

         0

1.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF), Bank Term Funding Program, and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles.

2.

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.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Book value of the loan participations held by the MS Facilities 2020 LLC.

6.

Cash value of agreements.

7.

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.

Mortgage-backed securities held outright1

 2,332,216

Residential mortgage-backed securities

 2,324,074

Commercial mortgage-backed securities

     8,142

Commitments to buy mortgage-backed securities2

         0

Commitments to sell mortgage-backed securities2

        67

Cash and cash equivalents3

         0

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. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

MS Facilities 2020 LLC (Main Street Lending Program)

     4,903

     5,003

     5,877

    10,880

1.

Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.

2.

Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses updated as of March 31, 2024.

3.

Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Refer to the note on consolidation accompanying table 6.

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

    10,200

         0

+    5,000

Coin

     1,428

+        1

+       45

Securities, unamortized premiums and discounts, repurchase agreements, and loans

 7,108,147

-    4,914

-1,025,347

Securities held outright1

 6,758,287

-    3,544

-  842,601

U.S. Treasury securities

 4,423,725

+      173

-  657,256

Bills2

   195,293

         0

-   66,001

Notes and bonds, nominal2

 3,768,759

         0

-  578,213

Notes and bonds, inflation-indexed2

   342,996

         0

-   21,553

Inflation compensation3

   116,677

+      172

+    8,512

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,332,216

-    3,716

-  185,343

Unamortized premiums on securities held outright5

   262,340

-      598

-   31,048

Unamortized discounts on securities held outright5

   -24,424

+       72

+    2,731

Repurchase agreements6

         0

-      100

-        1

Loans7

   111,944

-      743

-  154,428

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

    10,880

+       11

-    8,854

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,604

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,644

Items in process of collection

(0)

        60

-       18

+       11

Bank premises

       432

+        3

-       16

Central bank liquidity swaps9

       159

-        4

-       96

Foreign currency denominated assets10

    18,093

+       40

-      616

Other assets11

    45,019

+    2,088

-      769

Total assets

(0)

 7,205,455

-    2,792

-1,037,889

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

 2,296,481

-    2,743

+   13,652

Reverse repurchase agreements12

   805,967

+   15,926

-1,261,008

Deposits

(0)

 4,227,541

-   17,986

+  318,309

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,275,885

-   46,561

+  109,118

U.S. Treasury, General Account

   767,419

+      640

+  217,522

Foreign official

     9,684

         0

-        1

Other13

(0)

   174,552

+   27,935

-    8,331

Deferred availability cash items

(0)

       330

-       27

+       25

Treasury contributions to credit facilities14

     4,958

         0

-    8,400

Other liabilities and accrued dividends15

  -173,120

+    2,039

-  101,351

Total liabilities

(0)

 7,162,158

-    2,791

-1,038,772

Capital accounts

Capital paid in

    36,512

         0

+      883

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,297

         0

+      883

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 securities, Federal agency debt securities, and 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.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Revalued daily at current foreign currency exchange rates.

11.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

Assets

Gold certificates and special drawing rights certificates

    21,237

       729

     6,619

       657

       997

     1,557

     2,999

     1,417

       635

       355

       599

     1,786

     2,887

Coin

     1,428

        40

        40

       165

        45

       183

       103

       249

        32

        49

       100

       176

       246

Securities, unamortized premiums and discounts, repurchase agreements,
and loans1

 7,108,147

   157,975

 3,777,496

   106,772

   276,186

   706,786

   477,469

   393,898

   103,924

    49,476

    85,518

   315,570

   657,075

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

    10,880

    10,880

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       159

         7

        55

         6

        17

        31

         5

         8

         4

         1

         2

         4

        20

Foreign currency denominated

assets4

    18,093

       755

     6,257

       637

     1,925

     3,569

       593

       888

       407

       113

       197

       435

     2,316

Other assets5

    45,511

     1,276

    21,173

       794

     1,763

     4,756

     4,029

     2,530

       904

       605

     1,010

     2,197

     4,475

Interdistrict settlement account

         0

-    2,370

+   15,982

+   16,605

+    2,114

-   22,102

-   14,600

-   43,413

+    1,123

-    3,020

-   14,927

-    5,520

+   70,126

Total assets

 7,205,455

   169,292

 3,827,623

   125,636

   283,046

   694,780

   470,598

   355,577

   107,030

    47,581

    72,499

   314,648

   737,146

Liabilities

Federal Reserve notes, net

 2,296,481

    87,087

   742,045

    56,162

   115,173

   161,335

   356,251

   110,876

    74,408

    28,236

    33,461

   201,367

   330,081

Reverse repurchase agreements6

   805,967

    16,764

   433,723

    12,008

    31,429

    80,338

    53,922

    44,480

    11,278

     5,035

     8,862

    35,196

    72,933

Deposits

 4,227,541

    60,938

 2,746,531

    57,712

   139,283

   472,909

    58,162

   210,354

    20,174

    14,085

    30,110

    77,969

   339,315

Depository institutions

 3,275,885

    60,885

 1,890,947

    57,710

   139,240

   472,193

    58,134

   115,323

    20,169

    14,030

    30,078

    77,898

   339,277

U.S. Treasury, General Account

   767,419

         0

   767,419

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,684

         2

     9,658

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   174,552

        51

    78,505

         0

        39

       708

        26

    95,029

         4

        56

        32

        70

        32

Earnings remittances due to the U.S. Treasury8

  -184,399

    -3,555

  -114,547

    -2,013

    -7,870

   -29,740

        74

   -12,938

         8

      -188

      -606

    -1,360

   -11,665

Treasury contributions to credit facilities9

     4,958

     4,958

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    11,609

     1,267

     5,003

       249

       460

     1,396

       728

       670

       179

       140

       211

       317

       989

Total liabilities

 7,162,158

   167,459

 3,812,755

   124,118

   278,475

   686,237

   469,138

   353,442

   106,047

    47,308

    72,038

   313,489

   731,652

Capital

Capital paid in

    36,512

     1,550

    12,522

     1,279

     3,849

     7,205

     1,238

     1,801

       830

       230

       387

       996

     4,625

Surplus

     6,785

       283

     2,346

       239

       722

     1,339

       222

       333

       153

        42

        74

       163

       869

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

 7,205,455

   169,292

 3,827,623

   125,636

   283,046

   694,780

   470,598

   355,577

   107,030

    47,581

    72,499

   314,648

   737,146

1.

Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between

the purchase price and the face value of the securities that have not been amortized.  For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,

amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

2.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3.

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.

4.

Revalued daily at current foreign currency exchange rates.

5.

Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.

6.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

8.

The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.

9.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities 2020 LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities 2020 LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.

The FRBNY is the managing member of MLF LLC and TALF II LLC. The FRBB is the managing member of MS Facilities 2020 LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

Federal Reserve notes outstanding

 2,763,373

Less: Notes held by F.R. Banks not subject to collateralization

   466,891

Federal Reserve notes to be collateralized

 2,296,481

Collateral held against Federal Reserve notes

 2,296,481

Gold certificate account

    11,037

Special drawing rights certificate account

    10,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

 2,275,245

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

 6,758,287

Less: Face value of securities under reverse repurchase agreements

   899,969

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

 5,858,318

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.