FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 22, 2016 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 Sep 21, 2016 Federal Reserve Banks Sep 21, 2016 Sep 14, 2016 Sep 23, 2015 Reserve Bank credit 4,426,156 + 2,941 - 30,363 4,433,021 Securities held outright (1) 4,235,011 + 2,180 - 12,494 4,241,341 U.S. Treasury securities 2,463,523 - 46 + 1,577 2,463,506 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,341,647 0 - 4,993 2,341,647 Notes and bonds, inflation-indexed (2) 104,553 0 + 6,019 104,553 Inflation compensation (3) 17,323 - 46 + 552 17,306 Federal agency debt securities (2) 20,492 - 2,000 - 14,601 20,492 Mortgage-backed securities (4) 1,750,995 + 4,226 + 528 1,757,343 Unamortized premiums on securities held outright (5) 177,855 - 41 - 16,684 178,060 Unamortized discounts on securities held outright (5) -15,525 + 38 + 1,609 -15,513 Repurchase agreements (6) 0 0 0 0 Loans 234 + 39 - 35 229 Primary credit 30 + 24 + 19 20 Secondary credit 0 0 0 0 Seasonal credit 203 + 13 - 55 209 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 + 5 1,707 Float -306 + 34 - 423 -298 Central bank liquidity swaps (8) 2 - 4 - 681 2 Other Federal Reserve assets (9) 27,178 + 694 - 1,659 27,491 Foreign currency denominated assets (10) 21,378 - 14 + 1,293 21,483 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,147 + 14 + 846 48,147 Total factors supplying reserve funds 4,511,922 + 2,941 - 28,224 4,518,892 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 Sep 21, 2016 Federal Reserve Banks Sep 21, 2016 Sep 14, 2016 Sep 23, 2015 Currency in circulation (11) 1,468,505 - 2,763 + 84,731 1,468,589 Reverse repurchase agreements (12) 366,859 + 43,919 + 76,058 429,394 Foreign official and international accounts 250,083 + 2,962 + 90,693 252,559 Others 116,776 + 40,957 - 14,634 176,835 Treasury cash holdings 114 + 9 - 32 121 Deposits with F.R. Banks, other than reserve balances 384,815 + 86,890 + 208,802 403,358 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 340,448 + 97,366 + 186,936 358,603 Foreign official 5,165 - 71 - 262 5,168 Other (13) 39,202 - 10,404 + 22,129 39,588 Other liabilities and capital (14) 47,162 - 1,091 - 19,387 47,111 Total factors, other than reserve balances, absorbing reserve funds 2,267,456 + 126,965 + 350,174 2,348,573 Reserve balances with Federal Reserve Banks 2,244,467 - 124,024 - 378,398 2,170,319 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. 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. 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 Week ended Change from week ended Sep 21, 2016 Sep 21, 2016 Sep 14, 2016 Sep 23, 2015 Securities held in custody for foreign official and international accounts 3,150,270 - 14,275 - 201,301 3,147,423 Marketable U.S. Treasury securities (1) 2,829,202 - 12,214 - 194,748 2,827,085 Federal agency debt and mortgage-backed securities (2) 261,569 - 1,421 - 21,101 260,233 Other securities (3) 59,499 - 641 + 14,548 60,104 Securities lent to dealers 23,921 - 58 + 9,726 23,267 Overnight facility (4) 23,921 - 58 + 9,726 23,267 U.S. Treasury securities 23,906 - 57 + 9,760 23,252 Federal agency debt securities 15 - 1 - 34 15 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, September 21, 2016 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 223 7 0 0 0 ... 229 U.S. Treasury securities (1) Holdings 6,827 30,639 150,740 1,209,216 431,074 635,011 2,463,506 Weekly changes + 6,827 - 6,827 - 2 - 7 - 8 - 28 - 47 Federal agency debt securities (2) Holdings 0 4,312 9,423 4,410 0 2,347 20,492 Weekly changes - 2,000 + 2,313 - 2,313 0 0 0 - 2,000 Mortgage-backed securities (3) Holdings 0 0 0 1,402 11,501 1,744,440 1,757,343 Weekly changes 0 0 0 - 8 + 797 - 6,919 - 6,130 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 2 0 0 0 0 0 2 Reverse repurchase agreements (4) 429,394 0 ... ... ... ... 429,394 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 Sep 21, 2016 Mortgage-backed securities held outright (1) 1,757,343 Commitments to buy mortgage-backed securities (2) 23,856 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 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. 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 Sep 21, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,707 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 June 30, 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 Wednesday Change since from Sep 21, 2016 Wednesday Wednesday consolidation Sep 14, 2016 Sep 23, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,927 + 2 + 20 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,404,118 - 8,488 - 23,165 Securities held outright (1) 4,241,341 - 8,176 - 8,317 U.S. Treasury securities 2,463,506 - 47 + 1,560 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,341,647 0 - 4,993 Notes and bonds, inflation-indexed (2) 104,553 0 + 6,019 Inflation compensation (3) 17,306 - 46 + 534 Federal agency debt securities (2) 20,492 - 2,000 - 14,601 Mortgage-backed securities (4) 1,757,343 - 6,130 + 4,724 Unamortized premiums on securities held outright (5) 178,060 - 365 - 16,400 Unamortized discounts on securities held outright (5) -15,513 + 38 + 1,606 Repurchase agreements (6) 0 0 0 Loans 229 + 14 - 54 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 + 5 Items in process of collection (0) 67 - 146 - 240 Bank premises 2,205 + 1 - 33 Central bank liquidity swaps (8) 2 - 4 - 681 Foreign currency denominated assets (9) 21,483 + 39 + 1,515 Other assets (10) 25,286 - 7 - 1,873 Total assets (0) 4,473,032 - 8,603 - 24,452 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 Sep 21, 2016 Wednesday Wednesday consolidation Sep 14, 2016 Sep 23, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,422,486 - 1,936 + 82,643 Reverse repurchase agreements (11) 429,394 + 112,794 + 125,597 Deposits (0) 2,573,677 - 117,357 - 214,906 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,170,319 - 178,969 - 431,877 U.S. Treasury, General Account 358,603 + 105,912 + 193,662 Foreign official 5,168 + 2 - 88 Other (12) (0) 39,588 - 44,301 + 23,398 Deferred availability cash items (0) 365 - 396 + 127 Other liabilities and accrued dividends (13) 6,947 - 1,724 + 476 Total liabilities (0) 4,432,869 - 8,619 - 6,064 Capital accounts Capital paid in 30,164 + 17 + 888 Surplus 10,000 0 - 19,276 Other capital accounts 0 0 0 Total capital 40,164 + 17 - 18,388 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. 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. 13. Includes the liability for earnings remittances due to the U.S. Treasury. 6. Statement of Condition of Each Federal Reserve Bank, September 21, 2016 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 11,037 355 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 1,927 48 74 155 134 302 192 281 33 55 136 195 322 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,404,118 108,183 2,506,108 119,575 131,889 269,143 246,499 175,497 55,642 32,561 61,311 156,763 540,947 Securities held outright (1) 4,241,341 104,190 2,413,608 115,162 127,021 259,204 237,384 168,996 53,529 31,270 59,028 150,969 520,980 U.S. Treasury securities 2,463,506 60,517 1,401,900 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,506 60,517 1,401,900 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602 Federal agency debt securities (2) 20,492 503 11,661 556 614 1,252 1,147 817 259 151 285 729 2,517 Mortgage-backed securities (4) 1,757,343 43,170 1,000,046 47,716 52,629 107,398 98,357 70,021 22,179 12,956 24,458 62,552 215,861 Unamortized premiums on securities held outright (5) 178,060 4,374 101,328 4,835 5,333 10,882 9,966 7,095 2,247 1,313 2,478 6,338 21,872 Unamortized discounts on securities held outright (5) -15,513 -381 -8,828 -421 -465 -948 -868 -618 -196 -114 -216 -552 -1,905 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 229 0 0 0 0 5 17 25 62 93 21 7 0 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 1,707 0 0 0 0 0 0 0 0 0 0 Items in process of collection 67 0 0 0 0 0 67 0 0 0 0 0 0 Bank premises 2,205 119 428 72 105 206 208 201 115 90 240 225 197 Central bank liquidity swaps (8) 2 0 1 0 0 0 0 0 0 0 0 0 0 Foreign currency denominated assets (9) 21,483 949 7,090 1,182 1,636 4,791 1,193 576 220 92 214 272 3,268 Other assets (10) 25,286 652 13,854 687 757 1,711 1,415 1,015 520 207 400 963 3,106 Interdistrict settlement account 0 - 23,185 + 41,455 - 2,485 - 9,686 - 26,941 + 7,534 - 4,210 - 248 + 66 - 730 + 12,757 + 5,674 Total assets 4,473,032 87,317 2,576,123 119,756 125,657 250,385 259,302 174,537 56,792 33,354 62,021 172,331 555,459 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, September 21, 2016 (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 1,613,878 50,221 526,777 50,069 81,054 113,868 223,934 106,568 49,869 27,824 41,529 133,606 208,559 Less: Notes held by F.R. Banks 191,392 6,296 54,106 6,868 9,799 14,421 29,389 12,718 5,587 3,222 5,546 16,449 26,992 Federal Reserve notes, net 1,422,486 43,924 472,671 43,202 71,255 99,447 194,545 93,850 44,283 24,602 35,984 117,157 181,567 Reverse repurchase agreements (11) 429,394 10,548 244,354 11,659 12,860 26,242 24,033 17,109 5,419 3,166 5,976 15,284 52,744 Deposits 2,573,677 30,888 1,842,558 62,472 38,228 115,244 37,964 61,746 6,493 4,975 19,513 39,087 314,509 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 2,170,319 30,884 1,446,830 62,470 38,225 115,061 37,955 54,340 6,480 4,975 19,512 39,086 314,500 U.S. Treasury, General Account 358,603 0 358,603 0 0 0 0 0 0 0 0 0 0 Foreign official 5,168 2 5,141 2 3 9 2 1 0 0 0 1 6 Other (12) 39,588 2 31,984 0 0 174 7 7,404 13 0 1 0 3 Deferred availability cash items 365 0 0 0 0 0 76 0 0 288 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,192 25 673 31 37 77 76 44 15 8 15 45 144 Other liabilities and accrued dividends 5,756 183 2,697 221 228 564 388 294 149 145 139 247 500 Total liabilities 4,432,869 85,569 2,562,952 117,585 122,608 241,573 257,083 173,043 56,360 33,184 61,628 171,820 549,463 Capital Capital paid in 30,164 1,306 9,871 1,621 2,287 6,581 1,664 1,225 329 127 293 385 4,474 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 4,473,032 87,317 2,576,123 119,756 125,657 250,385 259,302 174,537 56,792 33,354 62,021 172,331 555,459 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, September 21, 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. 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. 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 Sep 21, 2016 Federal Reserve notes outstanding 1,613,878 Less: Notes held by F.R. Banks not subject to collateralization 191,392 Federal Reserve notes to be collateralized 1,422,486 Collateral held against Federal Reserve notes 1,422,486 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,406,249 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,241,341 Less: Face value of securities under reverse repurchase agreements 403,105 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,838,236 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.