FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 15, 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 Dec 14, 2016 Federal Reserve Banks Dec 14, 2016 Dec 7, 2016 Dec 16, 2015 Reserve Bank credit 4,417,371 + 7,913 - 37,109 4,432,481 Securities held outright (1) 4,228,318 + 5,322 - 21,882 4,242,440 U.S. Treasury securities 2,463,518 - 308 + 1,936 2,463,531 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,339,103 - 343 - 7,536 2,339,103 Notes and bonds, inflation-indexed (2) 106,697 0 + 8,163 106,697 Inflation compensation (3) 17,718 + 35 + 1,309 17,731 Federal agency debt securities (2) 18,493 0 - 14,451 18,493 Mortgage-backed securities (4) 1,746,307 + 5,630 - 9,367 1,760,415 Unamortized premiums on securities held outright (5) 174,354 - 212 - 16,279 174,478 Unamortized discounts on securities held outright (5) -15,176 + 33 + 1,479 -15,165 Repurchase agreements (6) 0 - 8 0 0 Loans 30 - 7 - 41 50 Primary credit 6 - 8 0 26 Secondary credit 0 0 0 0 Seasonal credit 24 + 2 - 41 24 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 - 8 1,708 Float -361 + 35 - 318 -552 Central bank liquidity swaps (8) 1,476 + 147 + 1,338 1,476 Other Federal Reserve assets (9) 27,023 + 2,604 - 1,398 28,047 Foreign currency denominated assets (10) 19,690 - 202 - 12 19,759 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,489 + 14 + 936 48,489 Total factors supplying reserve funds 4,501,791 + 7,726 - 36,185 4,516,969 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 Dec 14, 2016 Federal Reserve Banks Dec 14, 2016 Dec 7, 2016 Dec 16, 2015 Currency in circulation (11) 1,497,464 + 2,906 + 84,828 1,498,565 Reverse repurchase agreements (12) 435,371 + 19,689 + 140,269 428,881 Foreign official and international accounts 243,791 - 93 + 39,897 259,318 Others 191,580 + 19,782 + 100,372 169,563 Treasury cash holdings 160 - 2 - 86 158 Deposits with F.R. Banks, other than reserve balances 382,687 - 9,983 + 156,134 419,049 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 324,525 - 18,830 + 128,182 325,271 Foreign official 5,213 + 46 - 108 5,179 Other (13) 52,949 + 8,801 + 28,060 88,599 Other liabilities and capital (14) 47,813 + 799 - 20,064 46,761 Total factors, other than reserve balances, absorbing reserve funds 2,363,495 + 13,409 + 361,081 2,393,415 Reserve balances with Federal Reserve Banks 2,138,296 - 5,683 - 397,266 2,123,554 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 Dec 14, 2016 Dec 14, 2016 Dec 7, 2016 Dec 16, 2015 Securities held in custody for foreign official and international accounts 3,152,785 + 13,847 - 157,460 3,158,656 Marketable U.S. Treasury securities (1) 2,827,428 + 13,995 - 164,056 2,833,313 Federal agency debt and mortgage-backed securities (2) 265,446 - 82 - 6,967 265,563 Other securities (3) 59,911 - 65 + 13,563 59,780 Securities lent to dealers 24,043 - 2,030 + 9,965 20,426 Overnight facility (4) 24,043 - 2,030 + 9,965 20,426 U.S. Treasury securities 24,019 - 2,028 + 10,078 20,402 Federal agency debt securities 25 - 2 - 112 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, December 14, 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 28 22 0 0 0 ... 50 U.S. Treasury securities (1) Holdings 0 42,495 146,821 1,241,837 399,261 633,117 2,463,531 Weekly changes 0 + 1 + 1 + 5 + 6 + 21 + 35 Federal agency debt securities (2) Holdings 2,313 2,851 8,938 2,044 0 2,347 18,493 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 76 10,862 1,749,478 1,760,415 Weekly changes 0 0 0 0 0 + 19,738 + 19,738 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 1,476 0 0 0 0 0 1,476 Reverse repurchase agreements (4) 428,881 0 ... ... ... ... 428,881 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 Dec 14, 2016 Mortgage-backed securities held outright (1) 1,760,415 Commitments to buy mortgage-backed securities (2) 34,467 Commitments to sell mortgage-backed securities (2) 20 Cash and cash equivalents (3) 3 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 Dec 14, 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 September 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 Dec 14, 2016 Wednesday Wednesday consolidation Dec 7, 2016 Dec 16, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,870 + 21 - 30 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,401,802 + 19,744 - 19,727 Securities held outright (1) 4,242,440 + 19,774 - 5,238 U.S. Treasury securities 2,463,531 + 35 + 1,953 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,339,103 0 - 7,536 Notes and bonds, inflation-indexed (2) 106,697 0 + 8,163 Inflation compensation (3) 17,731 + 35 + 1,326 Federal agency debt securities (2) 18,493 0 - 14,451 Mortgage-backed securities (4) 1,760,415 + 19,738 + 7,258 Unamortized premiums on securities held outright (5) 174,478 + 28 - 15,940 Unamortized discounts on securities held outright (5) -15,165 + 32 + 1,476 Repurchase agreements (6) 0 - 59 0 Loans 50 - 29 - 24 Net portfolio holdings of Maiden Lane LLC (7) 1,708 + 1 - 8 Items in process of collection (0) 74 - 3 - 225 Bank premises 2,200 + 1 - 32 Central bank liquidity swaps (8) 1,476 + 147 + 1,338 Foreign currency denominated assets (9) 19,759 - 223 + 142 Other assets (10) 25,848 + 2,667 - 77 Total assets (0) 4,470,973 + 22,355 - 18,620 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 Dec 14, 2016 Wednesday Wednesday consolidation Dec 7, 2016 Dec 16, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,452,100 + 1,193 + 83,115 Reverse repurchase agreements (11) 428,881 + 5,333 + 122,163 Deposits (0) 2,542,605 + 16,046 - 204,886 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,123,555 - 10,047 - 336,498 U.S. Treasury, General Account 325,271 - 18,761 + 59,084 Foreign official 5,179 + 12 - 52 Other (12) (0) 88,599 + 44,841 + 72,579 Deferred availability cash items (0) 626 + 162 + 293 Other liabilities and accrued dividends (13) 6,343 - 398 - 1,003 Total liabilities (0) 4,430,555 + 22,336 - 319 Capital accounts Capital paid in 30,418 + 19 + 1,059 Surplus 10,000 0 - 19,359 Other capital accounts 0 0 0 Total capital 40,418 + 19 - 18,301 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, December 14, 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 1,870 45 68 161 135 307 183 278 29 51 113 189 309 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,401,802 108,133 2,504,900 119,517 131,825 269,007 246,362 175,394 55,556 32,460 61,268 156,679 540,700 Securities held outright (1) 4,242,440 104,217 2,414,233 115,192 127,054 259,271 237,446 169,040 53,543 31,278 59,044 151,009 521,115 U.S. Treasury securities 2,463,531 60,517 1,401,915 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,605 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,531 60,517 1,401,915 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,605 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) 1,760,415 43,245 1,001,794 47,799 52,721 107,586 98,529 70,144 22,218 12,979 24,500 62,662 216,239 Unamortized premiums on securities held outright (5) 174,478 4,286 99,289 4,737 5,225 10,663 9,765 6,952 2,202 1,286 2,428 6,210 21,432 Unamortized discounts on securities held outright (5) -15,165 -373 -8,630 -412 -454 -927 -849 -604 -191 -112 -211 -540 -1,863 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 50 3 8 0 0 0 0 7 2 8 7 0 16 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 74 0 0 0 0 0 73 0 0 0 0 0 0 Bank premises 2,200 118 432 72 105 204 206 200 114 90 239 223 196 Central bank liquidity swaps (8) 1,476 65 487 81 112 329 82 40 15 6 15 19 225 Foreign currency denominated assets (9) 19,759 873 6,521 1,087 1,505 4,406 1,097 530 203 84 197 250 3,006 Other assets (10) 25,848 665 14,133 701 770 1,804 1,465 1,033 526 210 405 977 3,159 Interdistrict settlement account 0 - 15,192 - 60,325 - 12,802 + 787 - 4,377 + 15,976 + 13,085 + 3,369 + 3,870 + 1,961 + 21,268 + 32,380 Total assets 4,470,973 95,258 2,473,329 109,387 136,062 272,853 267,640 191,736 60,322 37,055 64,647 180,763 581,920 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, December 14, 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 1,640,395 52,252 535,811 52,038 80,351 117,099 225,061 109,213 49,634 28,275 44,488 136,169 210,004 Less: Notes held by F.R. Banks 188,295 5,847 54,022 6,685 9,266 13,939 27,264 11,750 5,523 3,214 6,014 16,894 27,876 Federal Reserve notes, net 1,452,100 46,405 481,789 45,352 71,084 103,161 197,797 97,463 44,111 25,061 38,474 119,276 182,128 Reverse repurchase agreements (11) 428,881 10,536 244,062 11,645 12,844 26,210 24,004 17,089 5,413 3,162 5,969 15,266 52,681 Deposits 2,542,605 36,365 1,731,363 49,970 48,653 134,082 43,008 75,339 10,201 7,975 19,655 45,434 340,560 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 2,123,555 36,360 1,327,533 49,968 48,650 133,890 42,999 60,368 10,179 7,975 19,654 45,433 340,546 U.S. Treasury, General Account 325,271 0 325,271 0 0 0 0 0 0 0 0 0 0 Foreign official 5,179 2 5,152 2 3 9 2 1 0 0 0 1 6 Other (12) 88,599 3 73,406 0 0 182 7 14,970 22 0 1 0 8 Deferred availability cash items 626 0 0 0 0 0 92 0 0 534 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,715 35 1,070 39 37 57 95 76 19 11 20 63 195 Other liabilities and accrued dividends 4,628 156 1,999 193 203 538 314 249 143 141 133 208 351 Total liabilities 4,430,555 93,496 2,460,283 107,200 132,821 264,048 265,309 190,215 59,886 36,883 64,251 180,247 575,915 Capital Capital paid in 30,418 1,320 9,748 1,637 2,480 6,575 1,776 1,253 333 129 296 389 4,483 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 4,470,973 95,258 2,473,329 109,387 136,062 272,853 267,640 191,736 60,322 37,055 64,647 180,763 581,920 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, December 14, 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 Dec 14, 2016 Federal Reserve notes outstanding 1,640,395 Less: Notes held by F.R. Banks not subject to collateralization 188,295 Federal Reserve notes to be collateralized 1,452,100 Collateral held against Federal Reserve notes 1,452,100 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,435,863 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,242,440 Less: Face value of securities under reverse repurchase agreements 416,371 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,826,069 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.