FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 6, 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 Oct 5, 2016 Federal Reserve Banks Oct 5, 2016 Sep 28, 2016 Oct 7, 2015 Reserve Bank credit 4,418,319 - 6,246 - 28,428 4,419,433 Securities held outright (1) 4,220,831 - 11,745 - 17,423 4,220,842 U.S. Treasury securities 2,463,462 - 15 + 1,538 2,463,473 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,341,072 - 575 - 5,567 2,340,976 Notes and bonds, inflation-indexed (2) 105,128 + 575 + 6,594 105,224 Inflation compensation (3) 17,261 - 16 + 511 17,273 Federal agency debt securities (2) 20,492 0 - 14,601 20,492 Mortgage-backed securities (4) 1,736,877 - 11,729 - 4,360 1,736,877 Unamortized premiums on securities held outright (5) 176,911 - 663 - 16,537 176,741 Unamortized discounts on securities held outright (5) -15,463 + 28 + 1,534 -15,448 Repurchase agreements (6) 0 0 0 0 Loans 195 - 30 - 20 173 Primary credit 6 - 3 - 2 3 Secondary credit 0 0 0 0 Seasonal credit 189 - 27 - 18 170 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,708 + 1 + 5 1,708 Float -681 - 293 - 941 -500 Central bank liquidity swaps (8) 7,003 + 6,712 + 6,860 7,003 Other Federal Reserve assets (9) 27,817 - 253 - 1,905 28,914 Foreign currency denominated assets (10) 21,477 - 60 + 1,375 21,255 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,225 + 14 + 872 48,225 Total factors supplying reserve funds 4,504,263 - 6,292 - 26,180 4,505,154 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 Oct 5, 2016 Federal Reserve Banks Oct 5, 2016 Sep 28, 2016 Oct 7, 2015 Currency in circulation (11) 1,471,580 + 3,359 + 82,734 1,475,170 Reverse repurchase agreements (12) 593,191 + 147,790 + 260,470 536,588 Foreign official and international accounts 245,432 + 4,356 + 76,549 238,624 Others 347,759 + 143,434 + 183,921 297,964 Treasury cash holdings 143 + 19 - 53 153 Deposits with F.R. Banks, other than reserve balances 392,651 - 25,458 + 282,887 383,374 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 347,760 - 3,940 + 264,379 342,208 Foreign official 5,169 + 4 - 87 5,165 Other (13) 39,722 - 21,522 + 18,595 36,001 Other liabilities and capital (14) 46,764 - 143 - 19,519 46,486 Total factors, other than reserve balances, absorbing reserve funds 2,504,328 + 125,566 + 606,518 2,441,770 Reserve balances with Federal Reserve Banks 1,999,935 - 131,857 - 632,698 2,063,383 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 Oct 5, 2016 Oct 5, 2016 Sep 28, 2016 Oct 7, 2015 Securities held in custody for foreign official and international accounts 3,152,462 + 8,954 - 176,080 3,147,956 Marketable U.S. Treasury securities (1) 2,831,968 + 8,427 - 170,637 2,827,314 Federal agency debt and mortgage-backed securities (2) 260,757 + 579 - 20,322 260,940 Other securities (3) 59,737 - 53 + 14,879 59,702 Securities lent to dealers 26,665 + 1,414 + 11,829 25,933 Overnight facility (4) 26,665 + 1,414 + 11,829 25,933 U.S. Treasury securities 26,631 + 1,402 + 11,843 25,897 Federal agency debt securities 34 + 13 - 14 36 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, October 5, 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 21 152 0 0 0 ... 173 U.S. Treasury securities (1) Holdings 0 42,341 149,983 1,202,712 433,453 634,984 2,463,473 Weekly changes - 6,827 + 11,702 - 755 - 6,496 + 2,387 + 2 + 13 Federal agency debt securities (2) Holdings 1,999 2,313 9,423 4,410 0 2,347 20,492 Weekly changes + 1,999 - 1,999 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 1,597 11,292 1,723,988 1,736,877 Weekly changes 0 0 0 + 239 + 23 - 260 + 2 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 7,003 0 0 0 0 0 7,003 Reverse repurchase agreements (4) 536,588 0 ... ... ... ... 536,588 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 Oct 5, 2016 Mortgage-backed securities held outright (1) 1,736,877 Commitments to buy mortgage-backed securities (2) 45,960 Commitments to sell mortgage-backed securities (2) 10 Cash and cash equivalents (3) 1 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 Oct 5, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,708 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 Oct 5, 2016 Wednesday Wednesday consolidation Sep 28, 2016 Oct 7, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,922 - 5 + 13 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,382,308 - 374 - 32,523 Securities held outright (1) 4,220,842 + 15 - 17,411 U.S. Treasury securities 2,463,473 + 13 + 1,562 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,340,976 - 671 - 5,663 Notes and bonds, inflation-indexed (2) 105,224 + 671 + 6,690 Inflation compensation (3) 17,273 + 13 + 536 Federal agency debt securities (2) 20,492 0 - 14,601 Mortgage-backed securities (4) 1,736,877 + 2 - 4,372 Unamortized premiums on securities held outright (5) 176,741 - 348 - 16,597 Unamortized discounts on securities held outright (5) -15,448 + 29 + 1,538 Repurchase agreements (6) 0 0 0 Loans 173 - 69 - 53 Net portfolio holdings of Maiden Lane LLC (7) 1,708 + 1 + 5 Items in process of collection (0) 61 + 7 - 499 Bank premises 2,201 - 5 - 32 Central bank liquidity swaps (8) 7,003 + 6,712 + 6,860 Foreign currency denominated assets (9) 21,255 - 270 + 1,174 Other assets (10) 26,713 + 1,341 - 1,776 Total assets (0) 4,459,407 + 7,405 - 26,778 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 Oct 5, 2016 Wednesday Wednesday consolidation Sep 28, 2016 Oct 7, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,429,016 + 5,092 + 83,177 Reverse repurchase agreements (11) 536,588 + 21,778 + 253,904 Deposits (0) 2,446,757 - 19,364 - 344,881 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,063,383 - 21,854 - 615,411 U.S. Treasury, General Account 342,208 + 2,589 + 255,069 Foreign official 5,165 0 - 91 Other (12) (0) 36,001 - 99 + 15,552 Deferred availability cash items (0) 561 - 195 + 173 Other liabilities and accrued dividends (13) 6,310 + 91 - 757 Total liabilities (0) 4,419,231 + 7,401 - 8,386 Capital accounts Capital paid in 30,176 + 4 + 892 Surplus 10,000 0 - 19,284 Other capital accounts 0 0 0 Total capital 40,176 + 4 - 18,392 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, October 5, 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 1,922 48 77 155 134 302 192 282 32 54 132 195 320 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,382,308 107,648 2,493,729 118,985 131,238 267,809 245,268 174,626 55,357 32,374 61,009 155,990 538,276 Securities held outright (1) 4,220,842 103,686 2,401,942 114,605 126,407 257,951 236,237 168,179 53,270 31,118 58,743 150,240 518,462 U.S. Treasury securities 2,463,473 60,516 1,401,881 66,889 73,777 150,552 137,879 98,157 31,091 18,162 34,285 87,687 302,598 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,473 60,516 1,401,881 66,889 73,777 150,552 137,879 98,157 31,091 18,162 34,285 87,687 302,598 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) 1,736,877 42,667 988,400 47,160 52,017 106,147 97,212 69,206 21,921 12,805 24,173 61,824 213,347 Unamortized premiums on securities held outright (5) 176,741 4,342 100,578 4,799 5,293 10,801 9,892 7,042 2,231 1,303 2,460 6,291 21,710 Unamortized discounts on securities held outright (5) -15,448 -379 -8,791 -419 -463 -944 -865 -616 -195 -114 -215 -550 -1,898 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 173 0 0 0 0 0 4 21 51 66 22 9 1 Net portfolio holdings of Maiden Lane LLC (7) 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0 Items in process of collection 61 0 0 0 0 0 61 0 0 0 0 0 0 Bank premises 2,201 118 429 72 106 205 207 201 114 90 240 224 196 Central bank liquidity swaps (8) 7,003 310 2,310 385 533 1,562 389 188 72 30 70 89 1,065 Foreign currency denominated assets (9) 21,255 939 7,014 1,169 1,619 4,740 1,180 570 218 91 212 269 3,233 Other assets (10) 26,713 691 14,762 730 807 1,801 1,512 1,082 416 222 424 967 3,299 Interdistrict settlement account 0 - 16,737 - 45,862 - 8,578 - 1,980 - 21,588 + 18,711 + 2,226 + 5,767 + 2,132 + 576 + 26,343 + 38,991 Total assets 4,459,407 93,567 2,479,571 113,487 133,279 256,003 269,714 180,351 62,486 35,277 63,113 185,235 587,325 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, October 5, 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 1,615,830 50,105 525,807 50,487 80,904 113,976 224,197 107,960 49,778 27,977 41,798 133,689 209,152 Less: Notes held by F.R. Banks 186,814 6,287 51,436 6,815 9,958 14,191 28,134 12,740 5,465 3,172 5,857 15,851 26,909 Federal Reserve notes, net 1,429,016 43,818 474,372 43,672 70,946 99,785 196,063 95,219 44,314 24,805 35,941 117,838 182,243 Reverse repurchase agreements (11) 536,588 13,181 305,354 14,570 16,070 32,793 30,032 21,380 6,772 3,956 7,468 19,100 65,911 Deposits 2,446,757 34,635 1,683,570 52,855 42,984 114,065 40,873 61,941 10,801 5,734 19,162 47,507 332,629 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 2,063,383 34,631 1,307,736 52,853 42,981 113,734 40,864 54,775 10,788 5,734 19,161 47,506 332,620 U.S. Treasury, General Account 342,208 0 342,208 0 0 0 0 0 0 0 0 0 0 Foreign official 5,165 2 5,138 2 3 9 2 1 0 0 0 1 6 Other (12) 36,001 2 28,488 0 0 322 7 7,165 13 0 1 0 3 Deferred availability cash items 561 0 0 0 0 0 96 0 0 464 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,665 32 1,038 32 32 54 105 64 22 12 24 67 182 Other liabilities and accrued dividends 4,645 152 2,066 187 196 494 324 251 141 136 125 211 362 Total liabilities 4,419,231 91,819 2,466,401 111,316 130,228 247,191 267,495 178,855 62,050 35,108 62,720 184,723 581,326 Capital Capital paid in 30,176 1,307 9,871 1,621 2,290 6,581 1,664 1,227 333 127 293 385 4,477 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 4,459,407 93,567 2,479,571 113,487 133,279 256,003 269,714 180,351 62,486 35,277 63,113 185,235 587,325 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, October 5, 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 Oct 5, 2016 Federal Reserve notes outstanding 1,615,830 Less: Notes held by F.R. Banks not subject to collateralization 186,814 Federal Reserve notes to be collateralized 1,429,016 Collateral held against Federal Reserve notes 1,429,016 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,412,779 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,220,842 Less: Face value of securities under reverse repurchase agreements 498,227 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,722,615 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.