FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 27, 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 26, 2016 Federal Reserve Banks Oct 26, 2016 Oct 19, 2016 Oct 28, 2015 Reserve Bank credit 4,430,035 - 4,640 - 28,274 4,414,796 Securities held outright (1) 4,231,684 - 7,371 - 14,789 4,217,878 U.S. Treasury securities 2,463,535 + 23 + 1,722 2,463,544 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,340,976 0 - 5,663 2,340,976 Notes and bonds, inflation-indexed (2) 105,224 0 + 6,690 105,224 Inflation compensation (3) 17,335 + 23 + 695 17,344 Federal agency debt securities (2) 18,493 - 1,428 - 15,653 18,493 Mortgage-backed securities (4) 1,749,656 - 5,967 - 857 1,735,841 Unamortized premiums on securities held outright (5) 176,603 - 394 - 16,162 176,056 Unamortized discounts on securities held outright (5) -15,357 + 37 + 1,527 -15,343 Repurchase agreements (6) 0 0 0 0 Loans 92 - 24 - 87 76 Primary credit 6 0 + 4 2 Secondary credit 0 0 0 0 Seasonal credit 86 - 24 - 91 74 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,708 - 1 + 2 1,705 Float -326 + 53 - 545 -464 Central bank liquidity swaps (8) 3,541 + 3,301 + 3,401 3,541 Other Federal Reserve assets (9) 32,090 - 241 - 1,621 31,347 Foreign currency denominated assets (10) 20,869 - 138 + 1,064 20,871 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,267 + 14 + 838 48,267 Total factors supplying reserve funds 4,515,412 - 4,764 - 26,373 4,500,175 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 26, 2016 Federal Reserve Banks Oct 26, 2016 Oct 19, 2016 Oct 28, 2015 Currency in circulation (11) 1,475,912 - 1,095 + 83,339 1,477,577 Reverse repurchase agreements (12) 401,309 + 7,687 + 75,356 384,809 Foreign official and international accounts 239,422 - 1,024 + 52,135 242,744 Others 161,887 + 8,711 + 23,222 142,065 Treasury cash holdings 177 + 5 - 49 181 Deposits with F.R. Banks, other than reserve balances 529,164 + 74,982 + 429,669 526,849 Term deposits held by depository institutions 48,601 + 48,601 + 48,601 48,601 U.S. Treasury, General Account 429,027 + 37,039 + 381,927 420,256 Foreign official 5,170 + 5 - 91 5,166 Other (13) 46,366 - 10,663 - 768 52,826 Other liabilities and capital (14) 47,267 - 710 - 18,510 45,739 Total factors, other than reserve balances, absorbing reserve funds 2,453,829 + 80,869 + 569,806 2,435,155 Reserve balances with Federal Reserve Banks 2,061,583 - 85,633 - 596,179 2,065,020 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 26, 2016 Oct 26, 2016 Oct 19, 2016 Oct 28, 2015 Securities held in custody for foreign official and international accounts 3,125,232 + 2,795 - 167,127 3,120,080 Marketable U.S. Treasury securities (1) 2,806,250 + 4,913 - 164,064 2,802,246 Federal agency debt and mortgage-backed securities (2) 259,666 - 1,688 - 16,425 258,384 Other securities (3) 59,316 - 429 + 13,362 59,450 Securities lent to dealers 21,147 - 1,902 + 4,710 19,893 Overnight facility (4) 21,147 - 1,902 + 4,710 19,893 U.S. Treasury securities 21,122 - 1,897 + 4,746 19,869 Federal agency debt securities 24 - 6 - 37 24 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 26, 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 70 6 0 0 0 ... 76 U.S. Treasury securities (1) Holdings 6,529 38,905 146,893 1,202,724 433,465 635,028 2,463,544 Weekly changes 0 0 + 1 + 4 + 4 + 14 + 24 Federal agency debt securities (2) Holdings 0 2,313 9,423 4,410 0 2,347 18,493 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 1,390 11,099 1,723,351 1,735,841 Weekly changes 0 0 0 - 200 - 648 - 14,046 - 14,892 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 3,541 0 0 0 0 0 3,541 Reverse repurchase agreements (4) 384,809 0 ... ... ... ... 384,809 Term deposits 48,601 0 0 ... ... ... 48,601 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 26, 2016 Mortgage-backed securities held outright (1) 1,735,841 Commitments to buy mortgage-backed securities (2) 38,316 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 10 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 26, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,705 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 26, 2016 Wednesday Wednesday consolidation Oct 19, 2016 Oct 28, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,895 - 3 + 11 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,378,668 - 15,529 - 37,099 Securities held outright (1) 4,217,878 - 14,869 - 22,159 U.S. Treasury securities 2,463,544 + 24 + 1,744 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,340,976 0 - 5,663 Notes and bonds, inflation-indexed (2) 105,224 0 + 6,690 Inflation compensation (3) 17,344 + 24 + 718 Federal agency debt securities (2) 18,493 0 - 15,653 Mortgage-backed securities (4) 1,735,841 - 14,892 - 8,250 Unamortized premiums on securities held outright (5) 176,056 - 679 - 16,377 Unamortized discounts on securities held outright (5) -15,343 + 36 + 1,528 Repurchase agreements (6) 0 0 0 Loans 76 - 18 - 91 Net portfolio holdings of Maiden Lane LLC (7) 1,705 - 4 - 11 Items in process of collection (0) 62 - 14 - 397 Bank premises 2,202 - 1 - 34 Central bank liquidity swaps (8) 3,541 + 3,361 + 3,401 Foreign currency denominated assets (9) 20,871 - 152 + 1,032 Other assets (10) 29,145 - 715 - 1,917 Total assets (0) 4,454,326 - 13,056 - 35,013 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 26, 2016 Wednesday Wednesday consolidation Oct 19, 2016 Oct 28, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,431,381 + 692 + 81,643 Reverse repurchase agreements (11) 384,809 - 46,359 + 39,999 Deposits (0) 2,591,870 + 33,463 - 137,279 Term deposits held by depository institutions 48,601 + 48,601 + 48,601 Other deposits held by depository institutions 2,065,020 - 40,791 - 603,167 U.S. Treasury, General Account 420,256 + 10,563 + 384,670 Foreign official 5,166 + 1 - 107 Other (12) (0) 52,826 + 15,089 + 32,724 Deferred availability cash items (0) 527 + 24 - 44 Other liabilities and accrued dividends (13) 5,556 - 880 - 918 Total liabilities (0) 4,414,143 - 13,060 - 16,599 Capital accounts Capital paid in 30,182 + 3 + 884 Surplus 10,000 0 - 19,298 Other capital accounts 0 0 0 Total capital 40,182 + 3 - 18,415 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 26, 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 1,895 48 74 160 131 301 181 281 32 54 126 189 318 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,378,668 107,561 2,491,712 118,888 131,131 267,592 245,070 174,470 55,278 32,313 60,947 155,863 537,840 Securities held outright (1) 4,217,878 103,613 2,400,256 114,525 126,318 257,770 236,071 168,061 53,233 31,097 58,702 150,134 518,098 U.S. Treasury securities 2,463,544 60,518 1,401,922 66,891 73,779 150,556 137,883 98,160 31,092 18,163 34,286 87,689 302,607 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,544 60,518 1,401,922 66,891 73,779 150,556 137,883 98,160 31,092 18,163 34,286 87,689 302,607 Federal agency debt securities (2) 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272 Mortgage-backed securities (4) 1,735,841 42,641 987,810 47,132 51,986 106,084 97,154 69,164 21,908 12,798 24,158 61,787 213,220 Unamortized premiums on securities held outright (5) 176,056 4,325 100,188 4,780 5,273 10,759 9,854 7,015 2,222 1,298 2,450 6,267 21,626 Unamortized discounts on securities held outright (5) -15,343 -377 -8,731 -417 -459 -938 -859 -611 -194 -113 -214 -546 -1,885 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 76 0 0 0 0 1 4 6 17 32 8 8 1 Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0 Items in process of collection 62 0 0 0 0 0 62 0 0 0 0 0 0 Bank premises 2,202 118 430 72 105 204 207 201 114 90 240 224 196 Central bank liquidity swaps (8) 3,541 157 1,168 195 270 790 197 95 36 15 35 45 539 Foreign currency denominated assets (9) 20,871 922 6,887 1,148 1,590 4,654 1,159 559 214 89 208 265 3,175 Other assets (10) 29,145 754 16,103 795 876 1,938 1,641 1,173 445 239 459 1,135 3,586 Interdistrict settlement account 0 - 21,516 + 41,660 - 12,687 - 12,621 - 15,862 + 8,753 + 1,655 + 2,697 + 1,781 - 88 + 18,169 - 11,941 Total assets 4,454,326 88,594 2,565,145 109,141 122,306 260,789 259,464 179,612 59,327 34,865 62,376 177,047 535,659 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 26, 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 1,616,883 49,944 523,869 51,582 80,566 114,020 223,804 108,954 49,809 28,193 42,869 133,928 209,345 Less: Notes held by F.R. Banks 185,502 6,529 47,519 6,724 9,969 14,735 27,752 12,681 5,797 3,268 6,039 16,321 28,168 Federal Reserve notes, net 1,431,381 43,415 476,350 44,858 70,598 99,285 196,053 96,273 44,012 24,925 36,830 117,607 181,177 Reverse repurchase agreements (11) 384,809 9,453 218,982 10,448 11,524 23,517 21,537 15,333 4,857 2,837 5,356 13,697 47,268 Deposits 2,591,870 33,800 1,854,228 51,456 36,783 128,629 39,183 66,217 9,869 6,342 19,660 44,974 300,729 Term deposits held by depository institutions 48,601 50 18,015 17,000 650 6 100 4,420 0 0 2,360 0 6,000 Other deposits held by depository institutions 2,065,020 33,743 1,367,337 34,454 36,130 128,317 39,074 52,779 9,855 6,342 17,298 44,973 294,720 U.S. Treasury, General Account 420,256 0 420,256 0 0 0 0 0 0 0 0 0 0 Foreign official 5,166 2 5,140 2 3 9 2 1 0 0 0 1 6 Other (12) 52,826 5 43,480 0 0 298 7 9,017 14 0 1 1 3 Deferred availability cash items 527 0 0 0 0 0 82 0 0 444 0 0 0 Earnings remittances due to the U.S. Treasury (13) 689 7 465 4 9 21 41 20 8 5 9 35 65 Other liabilities and accrued dividends 4,867 170 2,081 203 210 524 350 274 144 142 131 220 419 Total liabilities 4,414,143 86,845 2,552,105 106,970 119,124 251,977 257,246 178,116 58,889 34,696 61,985 176,533 529,657 Capital Capital paid in 30,182 1,307 9,741 1,621 2,420 6,581 1,663 1,228 335 127 291 388 4,480 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 4,454,326 88,594 2,565,145 109,141 122,306 260,789 259,464 179,612 59,327 34,865 62,376 177,047 535,659 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 26, 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 26, 2016 Federal Reserve notes outstanding 1,616,883 Less: Notes held by F.R. Banks not subject to collateralization 185,502 Federal Reserve notes to be collateralized 1,431,381 Collateral held against Federal Reserve notes 1,431,381 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,415,145 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,217,878 Less: Face value of securities under reverse repurchase agreements 358,240 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,859,638 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.