FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 16, 2017 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 Feb 15, 2017 Federal Reserve Banks Feb 15, 2017 Feb 8, 2017 Feb 17, 2016 Reserve Bank credit 4,424,493 + 7,769 - 34,581 4,416,266 Securities held outright (1) 4,232,038 + 7,786 - 19,235 4,237,975 U.S. Treasury securities 2,463,442 + 10 + 2,333 2,463,446 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,341,382 0 - 5,257 2,341,382 Notes and bonds, inflation-indexed (2) 104,930 0 + 6,396 104,930 Inflation compensation (3) 17,130 + 10 + 1,194 17,133 Federal agency debt securities (2) 15,601 - 579 - 15,717 14,829 Mortgage-backed securities (4) 1,752,994 + 8,354 - 5,852 1,759,700 Unamortized premiums on securities held outright (5) 170,940 - 79 - 16,692 170,972 Unamortized discounts on securities held outright (5) -15,037 + 14 + 1,324 -15,061 Repurchase agreements (6) 0 0 0 0 Loans 11 - 6 - 40 15 Primary credit 6 - 8 - 34 11 Secondary credit 0 0 0 0 Seasonal credit 5 + 2 - 5 4 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 - 17 1,705 Float -317 - 36 - 233 -342 Central bank liquidity swaps (8) 236 - 29 + 138 236 Other Federal Reserve assets (9) 34,917 + 120 + 174 20,765 Foreign currency denominated assets (10) 19,830 - 253 - 701 19,756 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,620 + 14 + 986 48,620 Total factors supplying reserve funds 4,509,183 + 7,529 - 34,297 4,500,882 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 Feb 15, 2017 Federal Reserve Banks Feb 15, 2017 Feb 8, 2017 Feb 17, 2016 Currency in circulation (11) 1,506,719 + 4,440 + 82,414 1,508,844 Reverse repurchase agreements (12) 338,437 - 36,665 + 48,704 363,909 Foreign official and international accounts 253,062 - 1,547 + 2,221 258,786 Others 85,375 - 35,119 + 46,484 105,123 Treasury cash holdings 231 - 1 - 11 239 Deposits with F.R. Banks, other than reserve balances 368,366 + 12,551 + 65,580 326,750 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 309,919 + 4,184 + 43,159 274,178 Foreign official 5,174 + 8 - 69 5,182 Other (13) 53,272 + 8,359 + 22,488 47,391 Other liabilities and capital (14) 48,518 + 1,013 + 465 46,870 Total factors, other than reserve balances, absorbing reserve funds 2,262,271 - 18,662 + 197,152 2,246,612 Reserve balances with Federal Reserve Banks 2,246,912 + 26,191 - 231,449 2,254,271 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 Feb 15, 2017 Feb 15, 2017 Feb 8, 2017 Feb 17, 2016 Securities held in custody for foreign official and international accounts 3,169,118 + 21 - 86,101 3,180,908 Marketable U.S. Treasury securities (1) 2,847,470 - 3,544 - 95,638 2,854,818 Federal agency debt and mortgage-backed securities (2) 259,210 + 3,433 - 4,441 263,448 Other securities (3) 62,438 + 132 + 13,979 62,641 Securities lent to dealers 16,929 + 1,152 + 3,849 18,166 Overnight facility (4) 16,929 + 1,152 + 3,849 18,166 U.S. Treasury securities 16,881 + 1,152 + 3,852 18,117 Federal agency debt securities 48 0 - 3 49 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 15, 2017 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 15 0 0 0 0 ... 15 U.S. Treasury securities (1) Holdings 13,175 48,558 163,208 1,240,508 363,532 634,466 2,463,446 Weekly changes + 6,016 + 7,309 - 3,919 + 30,341 - 44,129 + 4,393 + 10 Federal agency debt securities (2) Holdings 1,500 2,995 5,943 2,044 0 2,347 14,829 Weekly changes - 1,351 + 1,495 - 1,495 0 0 0 - 1,351 Mortgage-backed securities (3) Holdings 0 0 0 132 11,263 1,748,306 1,759,700 Weekly changes 0 0 0 - 2 - 34 + 15,095 + 15,058 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 236 0 0 0 0 0 236 Reverse repurchase agreements (4) 363,909 0 ... ... ... ... 363,909 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 Feb 15, 2017 Mortgage-backed securities held outright (1) 1,759,700 Commitments to buy mortgage-backed securities (2) 33,052 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 49 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 Feb 15, 2017 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 December 31, 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 Feb 15, 2017 Wednesday Wednesday consolidation Feb 8, 2017 Feb 17, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,970 + 9 - 25 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,393,901 + 13,742 - 26,444 Securities held outright (1) 4,237,975 + 13,717 - 11,194 U.S. Treasury securities 2,463,446 + 10 + 2,366 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,341,382 0 - 5,257 Notes and bonds, inflation-indexed (2) 104,930 0 + 6,396 Inflation compensation (3) 17,133 + 9 + 1,226 Federal agency debt securities (2) 14,829 - 1,351 - 16,489 Mortgage-backed securities (4) 1,759,700 + 15,058 + 2,929 Unamortized premiums on securities held outright (5) 170,972 + 41 - 16,496 Unamortized discounts on securities held outright (5) -15,061 - 21 + 1,304 Repurchase agreements (6) 0 0 0 Loans 15 + 4 - 58 Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 - 16 Items in process of collection (0) 106 + 25 - 85 Bank premises 2,199 0 - 32 Central bank liquidity swaps (8) 236 - 29 + 138 Foreign currency denominated assets (9) 19,756 - 300 - 604 Other assets (10) 18,566 - 15,007 - 1,884 Total assets (0) 4,454,676 - 1,560 - 28,953 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 Feb 15, 2017 Wednesday Wednesday consolidation Feb 8, 2017 Feb 17, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,462,429 + 3,529 + 79,784 Reverse repurchase agreements (11) 363,909 - 10,441 + 65,163 Deposits (0) 2,581,021 + 5,936 - 174,795 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,254,271 + 16,811 - 235,750 U.S. Treasury, General Account 274,178 - 12,857 + 31,828 Foreign official 5,182 + 17 - 56 Other (12) (0) 47,391 + 1,967 + 29,184 Deferred availability cash items (0) 447 + 63 + 133 Other liabilities and accrued dividends (13) 6,365 - 651 - 225 Total liabilities (0) 4,414,171 - 1,563 - 29,939 Capital accounts Capital paid in 30,505 + 2 + 986 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 40,505 + 2 + 986 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, February 15, 2017 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 1,970 55 76 165 139 308 201 292 34 54 122 205 319 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,393,901 107,937 2,500,416 119,304 131,589 268,527 245,922 175,078 55,457 32,394 61,151 156,399 539,727 Securities held outright (1) 4,237,975 104,107 2,411,692 115,070 126,920 258,998 237,196 168,862 53,487 31,245 58,982 150,850 520,567 U.S. Treasury securities 2,463,446 60,515 1,401,866 66,888 73,776 150,550 137,877 98,156 31,091 18,162 34,285 87,686 302,595 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,446 60,515 1,401,866 66,888 73,776 150,550 137,877 98,156 31,091 18,162 34,285 87,686 302,595 Federal agency debt securities (2) 14,829 364 8,439 403 444 906 830 591 187 109 206 528 1,822 Mortgage-backed securities (4) 1,759,700 43,227 1,001,388 47,780 52,700 107,542 98,489 70,115 22,209 12,973 24,490 62,636 216,151 Unamortized premiums on securities held outright (5) 170,972 4,200 97,294 4,642 5,120 10,449 9,569 6,812 2,158 1,261 2,379 6,086 21,001 Unamortized discounts on securities held outright (5) -15,061 -370 -8,571 -409 -451 -920 -843 -600 -190 -111 -210 -536 -1,850 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 15 0 0 0 0 0 0 4 2 0 0 0 9 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 106 0 0 0 0 0 105 0 0 1 0 0 0 Bank premises 2,199 118 436 72 108 203 205 200 113 89 238 222 196 Central bank liquidity swaps (8) 236 10 78 13 18 53 13 6 2 1 2 3 36 Foreign currency denominated assets (9) 19,756 873 6,519 1,087 1,505 4,406 1,097 529 203 84 197 250 3,005 Other assets (10) 18,566 498 10,052 514 564 1,316 1,051 739 334 159 320 747 2,274 Interdistrict settlement account 0 - 19,150 - 21,781 - 2,635 - 10,367 - 12,138 + 12,297 + 8,730 + 4,823 + 2,350 + 4,777 + 21,756 + 11,338 Total assets 4,454,676 90,892 2,502,906 119,088 124,378 263,846 263,087 186,752 61,475 35,415 67,257 180,740 558,839 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, February 15, 2017 (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 1,649,623 54,666 533,306 52,771 81,622 118,944 224,374 111,619 49,196 28,970 46,260 137,288 210,605 Less: Notes held by F.R. Banks 187,194 6,153 50,434 6,811 9,943 14,304 26,224 12,618 5,331 3,518 5,907 16,860 29,091 Federal Reserve notes, net 1,462,429 48,513 482,873 45,960 71,679 104,640 198,150 99,001 43,866 25,452 40,353 120,428 181,513 Reverse repurchase agreements (11) 363,909 8,940 207,089 9,881 10,898 22,240 20,368 14,500 4,593 2,683 5,065 12,953 44,700 Deposits 2,581,021 31,496 1,796,620 60,857 38,294 127,717 41,743 71,247 12,420 6,601 21,303 46,573 326,150 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 2,254,271 31,488 1,485,859 60,855 38,291 127,496 41,734 55,530 12,402 6,601 21,301 46,572 326,142 U.S. Treasury, General Account 274,178 0 274,178 0 0 0 0 0 0 0 0 0 0 Foreign official 5,182 2 5,155 2 3 9 2 1 0 0 0 1 6 Other (12) 47,391 6 31,428 0 0 213 7 15,715 18 0 1 0 2 Deferred availability cash items 447 0 0 0 0 0 77 0 0 371 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,150 18 776 15 18 10 71 33 11 10 11 53 125 Other liabilities and accrued dividends 5,215 172 2,557 198 189 490 323 278 139 127 131 213 399 Total liabilities 4,414,171 89,138 2,489,914 116,912 121,079 255,096 260,732 185,058 61,028 35,244 66,862 180,221 552,888 Capital Capital paid in 30,505 1,320 9,790 1,639 2,485 6,589 1,771 1,275 338 129 298 392 4,479 Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,454,676 90,892 2,502,906 119,088 124,378 263,846 263,087 186,752 61,475 35,415 67,257 180,740 558,839 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, February 15, 2017 (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 Feb 15, 2017 Federal Reserve notes outstanding 1,649,623 Less: Notes held by F.R. Banks not subject to collateralization 187,194 Federal Reserve notes to be collateralized 1,462,429 Collateral held against Federal Reserve notes 1,462,429 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,446,192 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,237,975 Less: Face value of securities under reverse repurchase agreements 355,624 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,882,351 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.