FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, February 4, 2016

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	February 4, 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 Feb 3, 2016
	Week ended Feb 3, 2016	Change from week ended
	Week ended Feb 3, 2016	Jan 27, 2016	Feb 4, 2015
Reserve Bank credit	4,444,886	- 6,412	- 16,603	4,445,059
Securities held outright¹	4,236,798	- 6,631	- 188	4,236,766
U.S. Treasury securities	2,461,301	- 60	+ 581	2,461,269
Bills²	0	0	0	0
Notes and bonds, nominal²	2,346,639	0	- 72	2,346,639
Notes and bonds, inflation-indexed²	98,534	0	+ 65	98,534
Inflation compensation³	16,129	- 59	+ 589	16,097
Federal agency debt securities²	31,318	0	- 6,270	31,318
Mortgage-backed securities⁴	1,744,179	- 6,571	+ 5,501	1,744,179
Unamortized premiums on securities held outright⁵	187,792	- 574	- 17,738	187,656
Unamortized discounts on securities held outright⁵	-16,420	+ 35	+ 1,820	-16,411
Repurchase agreements⁶	0	0	0	0
Loans	73	+ 33	+ 23	10
Primary credit	65	+ 39	+ 21	2
Secondary credit	0	0	0	0
Seasonal credit	8	- 6	+ 3	9
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁷	1,722	+ 4	+ 36	1,722
Float	-77	+ 80	+ 305	-7
Central bank liquidity swaps⁸	91	- 11	+ 91	91
Other Federal Reserve assets⁹	34,906	+ 651	- 953	35,232
Foreign currency denominated assets¹⁰	19,706	- 24	- 622	20,001
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹¹	47,637	+ 14	+ 1,162	47,637

Total factors supplying reserve funds	4,528,470	- 6,421	- 16,063	4,528,938

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 Feb 3, 2016
	Week ended Feb 3, 2016	Change from week ended
	Week ended Feb 3, 2016	Jan 27, 2016	Feb 4, 2015
Currency in circulation¹¹	1,413,736	+ 636	+ 82,658	1,415,646
Reverse repurchase agreements¹²	321,629	+ 27,476	+ 36,301	292,271
Foreign official and international accounts	232,150	+ 12,951	+ 109,947	229,810
Others	89,478	+ 14,524	- 73,648	62,461
Treasury cash holdings	264	- 13	+ 62	249
Deposits with F.R. Banks, other than reserve balances	371,498	- 13,806	+ 190,706	333,108
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	350,858	+ 8,862	+ 183,586	312,633
Foreign official	5,276	+ 36	- 48	5,539
Other¹³	15,364	- 22,704	+ 7,168	14,936
Other liabilities and capital¹⁴	46,372	+ 67	- 16,498	46,387

Total factors, other than reserve balances, absorbing reserve funds	2,153,499	+ 14,360	+ 293,229	2,087,662

Reserve balances with Federal Reserve Banks	2,374,971	- 20,781	- 309,292	2,441,276

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 Feb 3, 2016
	Week ended Feb 3, 2016	Change from week ended
	Week ended Feb 3, 2016	Jan 27, 2016	Feb 4, 2015
Securities held in custody for foreign official and international accounts	3,273,513	+ 6,422	+ 15,630	3,262,262
Marketable U.S. Treasury securities¹	2,962,229	+ 6,464	+ 33,651	2,950,910
Federal agency debt and mortgage-backed securities²	263,414	- 537	- 23,372	263,492
Other securities³	47,870	+ 495	+ 5,350	47,860
Securities lent to dealers	15,488	+ 2,059	+ 6,589	13,122
Overnight facility⁴	15,488	+ 2,059	+ 6,589	13,122
U.S. Treasury securities	15,421	+ 2,067	+ 6,967	13,079
Federal agency debt securities	68	- 8	- 378	43

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, February 3, 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	2	9	0	0	0	...	10
U.S. Treasury securities¹
Holdings	4,868	83,192	136,537	1,118,233	485,029	633,410	2,461,269
Weekly changes	+ 2,957	+ 22,503	- 20,019	- 2,118	- 3,350	- 45	- 72
Federal agency debt securities²
Holdings	0	4,222	10,916	13,833	0	2,347	31,318
Weekly changes	0	0	0	0	0	0	0
Mortgage-backed securities³
Holdings	0	0	0	699	8,873	1,734,608	1,744,179
Weekly changes	0	0	0	+ 105	- 105	0	0
Repurchase agreements⁴	0	0	...	...	...	...	0
Central bank liquidity swaps⁵	91	0	0	0	0	0	91

Reverse repurchase agreements⁴	292,271	0	...	...	...	...	292,271
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	Feb 3, 2016
Mortgage-backed securities held outright¹	1,744,179

Commitments to buy mortgage-backed securities²	30,948
Commitments to sell mortgage-backed securities²	0

Cash and cash equivalents³	4

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	Feb 3, 2016
Net portfolio holdings of Maiden Lane LLC¹	1,722

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 December 31, 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 from consolidation	Wednesday Feb 3, 2016	Change since
			Wednesday	Wednesday
			Jan 27, 2016	Feb 4, 2015
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,999	+ 28	+ 44
Securities, unamortized premiums and discounts, repurchase agreements, and loans		4,408,021	- 529	- 16,057
Securities held outright¹		4,236,766	- 72	- 154
U.S. Treasury securities		2,461,269	- 72	+ 617
Bills²		0	0	0
Notes and bonds, nominal²		2,346,639	0	- 72
Notes and bonds, inflation-indexed²		98,534	0	+ 65
Inflation compensation³		16,097	- 71	+ 625
Federal agency debt securities²		31,318	0	- 6,270
Mortgage-backed securities⁴		1,744,179	0	+ 5,499
Unamortized premiums on securities held outright⁵		187,656	- 369	- 17,715
Unamortized discounts on securities held outright⁵		-16,411	+ 26	+ 1,816
Repurchase agreements⁶		0	0	0
Loans		10	- 114	- 4
Net portfolio holdings of Maiden Lane LLC⁷		1,722	0	+ 36
Items in process of collection	(0)	191	- 4	+ 81
Bank premises		2,230	- 8	- 23
Central bank liquidity swaps⁸		91	- 11	+ 91
Foreign currency denominated assets⁹		20,001	+ 267	- 395
Other assets¹⁰		33,002	+ 1,402	- 632

Total assets	(0)	4,483,495	+ 1,146	- 16,853

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 Feb 3, 2016	Change since
			Wednesday	Wednesday
			Jan 27, 2016	Feb 4, 2015
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,370,254	+ 2,067	+ 79,482
Reverse repurchase agreements¹¹		292,271	- 16,834	+ 26,621
Deposits	(0)	2,774,384	+ 15,126	- 106,094
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,441,276	+ 42,009	- 267,535
U.S. Treasury, General Account		312,633	- 25,340	+ 155,383
Foreign official		5,539	+ 306	+ 326
Other¹²	(0)	14,936	- 1,850	+ 5,732
Deferred availability cash items	(0)	198	- 268	- 378
Other liabilities and accrued dividends¹³		6,881	+ 1,052	+ 1,221

Total liabilities	(0)	4,443,989	+ 1,144	+ 853

Capital accounts
Capital paid in		29,506	+ 2	+ 900
Surplus		10,000	0	- 18,606
Other capital accounts		0	0	0

Total capital		39,506	+ 2	- 17,706

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, February 3, 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	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	1,999	50	77	133	144	312	203	291	33	58	158	208	332
Securities, unamortized premiums and discounts, repurchase agreements, and loans	4,408,021	111,741	2,646,182	109,636	105,979	239,415	248,224	163,781	45,969	26,812	57,262	141,996	511,023
Securities held outright¹	4,236,766	107,400	2,543,382	105,375	101,862	230,114	238,581	157,415	44,183	25,766	55,038	136,480	491,170
U.S. Treasury securities	2,461,269	62,392	1,477,529	61,216	59,175	133,680	138,599	91,447	25,667	14,968	31,973	79,286	285,336
Bills²	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes and bonds³	2,461,269	62,392	1,477,529	61,216	59,175	133,680	138,599	91,447	25,667	14,968	31,973	79,286	285,336
Federal agency debt securities²	31,318	794	18,801	779	753	1,701	1,764	1,164	327	190	407	1,009	3,631
Mortgage-backed securities⁴	1,744,179	44,214	1,047,052	43,381	41,934	94,733	98,218	64,804	18,189	10,607	22,658	56,186	202,204
Unamortized premiums on securities held outright⁵	187,656	4,757	112,652	4,667	4,512	10,192	10,567	6,972	1,957	1,141	2,438	6,045	21,755
Unamortized discounts on securities held outright⁵	-16,411	-416	-9,852	-408	-395	-891	-924	-610	-171	-100	-213	-529	-1,903
Repurchase agreements⁶	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans	10	0	0	2	0	0	0	4	0	5	0	0	0
Net portfolio holdings of Maiden
Lane LLC⁷	1,722	0	1,722	0	0	0	0	0	0	0	0	0	0
Items in process of collection	191	0	0	0	0	0	190	0	0	0	0	0	0
Bank premises	2,230	124	434	74	105	211	206	203	117	91	240	226	198
Central bank liquidity swaps⁸	91	4	29	5	7	21	5	2	1	0	1	1	13
Foreign currency denominated
assets⁹	20,001	907	6,449	1,117	1,559	4,589	1,138	537	186	84	210	288	2,936
Other assets¹⁰	33,002	878	19,281	830	811	1,983	1,884	1,244	444	232	482	1,092	3,842
Interdistrict settlement account	0	- 17,732	- 108,937	+ 11,909	+ 12,718	+ 9,278	+ 2,959	+ 250	+ 11,973	+ 4,656	+ 2,399	+ 16,650	+ 53,876

Total assets	4,483,495	96,515	2,570,764	124,256	122,065	257,003	257,062	167,467	59,173	32,196	61,193	161,635	574,166

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, February 3, 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	1,548,776	49,502	496,166	49,115	82,434	106,131	219,886	102,537	51,419	26,773	40,490	126,190	198,133
Less: Notes held by F.R. Banks	178,522	6,220	59,207	6,116	9,746	11,770	22,625	11,191	4,698	2,881	5,025	14,027	25,016
Federal Reserve notes, net	1,370,254	43,282	436,959	42,999	72,687	94,361	197,261	91,346	46,722	23,892	35,465	112,164	173,117
Reverse repurchase agreements¹¹	292,271	7,409	175,454	7,269	7,027	15,874	16,458	10,859	3,048	1,777	3,797	9,415	33,883
Deposits	2,774,384	43,864	1,941,854	71,572	39,084	137,268	40,591	63,889	8,854	6,136	21,376	39,283	360,612
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	2,441,276	43,860	1,616,533	71,570	39,081	137,215	40,582	56,194	8,846	6,136	21,375	39,282	360,602
U.S. Treasury, General Account	312,633	0	312,633	0	0	0	0	0	0	0	0	0	0
Foreign official	5,539	2	5,512	2	3	9	2	1	0	0	0	1	6
Other¹²	14,936	2	7,175	0	0	44	7	7,694	8	0	1	1	5
Deferred availability cash items	198	0	0	0	0	0	114	0	0	84	0	0	0
Earnings remittances due to the U.S. Treasury¹³	2,141	56	1,203	54	65	154	135	77	28	13	46	67	242
Other liabilities and accrued dividends	4,741	147	2,337	179	175	473	295	236	125	125	109	188	352

Total liabilities	4,443,989	94,757	2,557,807	122,073	119,038	248,130	254,855	166,407	58,777	32,028	60,793	161,117	568,207

Capital
Capital paid in	29,506	1,304	9,735	1,624	2,248	6,578	1,639	791	303	126	295	374	4,490
Surplus	10,000	453	3,223	559	780	2,295	569	269	93	42	105	144	1,469
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0

Total liabilities and capital	4,483,495	96,515	2,570,764	124,256	122,065	257,003	257,062	167,467	59,173	32,196	61,193	161,635	574,166

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, February 3, 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	Feb 3, 2016
Federal Reserve notes outstanding	1,548,776
Less: Notes held by F.R. Banks not subject to collateralization	178,522
Federal Reserve notes to be collateralized	1,370,254
Collateral held against Federal Reserve notes	1,370,254
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,354,018
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	4,236,766
Less: Face value of securities under reverse repurchase agreements	270,429
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	3,966,337

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