FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 24, 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 Nov 22, 2017 Federal Reserve Banks Nov 22, 2017 Nov 15, 2017 Nov 23, 2016 Reserve Bank credit 4,409,994 - 12,738 - 12,157 4,410,770 Securities held outright (1) 4,239,490 - 1,844 + 2,622 4,239,896 U.S. Treasury securities 2,456,745 - 2,840 - 7,022 2,456,822 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,327,698 - 3,003 - 12,976 2,327,698 Notes and bonds, inflation-indexed (2) 109,537 0 + 4,011 109,537 Inflation compensation (3) 19,510 + 162 + 1,943 19,588 Federal agency debt securities (2) 4,729 - 2,028 - 13,764 4,391 Mortgage-backed securities (4) 1,778,016 + 3,025 + 23,409 1,778,683 Unamortized premiums on securities held outright (5) 160,884 - 168 - 14,694 160,744 Unamortized discounts on securities held outright (5) -14,265 + 2 + 971 -14,251 Repurchase agreements (6) 9 - 28 + 9 0 Loans 67 - 1 + 38 56 Primary credit 17 - 2 + 13 10 Secondary credit 0 0 0 0 Seasonal credit 50 + 1 + 25 46 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,710 - 2 + 3 1,710 Float -322 - 90 + 56 -475 Central bank liquidity swaps (8) 35 0 - 166 35 Other Federal Reserve assets (9) 22,386 - 10,607 - 995 23,054 Foreign currency denominated assets (10) 21,174 + 187 + 1,161 21,231 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,273 + 14 + 806 49,273 Total factors supplying reserve funds 4,496,682 - 12,537 - 10,190 4,497,515 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 Nov 22, 2017 Federal Reserve Banks Nov 22, 2017 Nov 15, 2017 Nov 23, 2016 Currency in circulation (11) 1,594,545 + 3,299 + 103,299 1,598,883 Reverse repurchase agreements (12) 266,421 + 3,994 - 98,810 283,250 Foreign official and international accounts 228,371 + 4,245 - 19,196 231,616 Others 38,051 - 250 - 79,613 51,634 Treasury cash holdings 205 - 16 + 26 204 Deposits with F.R. Banks, other than reserve balances 246,552 - 23,696 - 226,046 236,937 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 163,579 - 11,052 - 236,086 151,783 Foreign official 5,166 - 92 - 15 5,165 Other (13) 77,806 - 12,554 + 10,054 79,989 Other liabilities and capital (14) 49,053 + 231 + 2,338 48,407 Total factors, other than reserve balances, absorbing reserve funds 2,156,775 - 16,189 - 219,195 2,167,681 Reserve balances with Federal Reserve Banks 2,339,907 + 3,652 + 209,006 2,329,834 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 Nov 22, 2017 Nov 22, 2017 Nov 15, 2017 Nov 23, 2016 Securities held in custody for foreign official and international accounts 3,372,270 + 3,162 + 251,841 3,384,366 Marketable U.S. Treasury securities (1) 3,042,804 + 2,358 + 244,610 3,049,514 Federal agency debt and mortgage-backed securities (2) 261,994 - 261 - 69 263,345 Other securities (3) 67,472 + 1,065 + 7,300 71,507 Securities lent to dealers 20,956 - 241 - 748 21,806 Overnight facility (4) 20,956 - 241 - 748 21,806 U.S. Treasury securities 20,956 - 241 - 723 21,806 Federal agency debt securities 0 0 - 25 0 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, November 22, 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 56 0 0 0 0 ... 56 U.S. Treasury securities (1) Holdings 7,869 65,010 335,542 1,117,078 308,286 623,038 2,456,822 Weekly changes 0 + 16,568 - 16,561 + 28 + 15,446 - 15,298 + 181 Federal agency debt securities (2) Holdings 0 0 1,982 62 0 2,347 4,391 Weekly changes - 2,366 0 0 0 0 0 - 2,366 Mortgage-backed securities (3) Holdings 0 0 1 160 20,646 1,757,877 1,778,683 Weekly changes 0 0 0 + 27 + 31 + 2,772 + 2,829 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 35 0 0 0 0 0 35 Reverse repurchase agreements (4) 283,250 0 ... ... ... ... 283,250 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 Nov 22, 2017 Mortgage-backed securities held outright (1) 1,778,683 Commitments to buy mortgage-backed securities (2) 17,136 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 30 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 Nov 22, 2017 Net portfolio holdings of Maiden Lane LLC (1) 1,710 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. Assets are revalued quarterly. 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 Nov 22, 2017 Wednesday Wednesday consolidation Nov 15, 2017 Nov 23, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,835 - 20 + 5 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,386,446 + 394 - 15,342 Securities held outright (1) 4,239,896 + 644 - 1,434 U.S. Treasury securities 2,456,822 + 181 - 6,979 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,327,698 0 - 12,976 Notes and bonds, inflation-indexed (2) 109,537 0 + 4,011 Inflation compensation (3) 19,588 + 182 + 1,987 Federal agency debt securities (2) 4,391 - 2,366 - 14,102 Mortgage-backed securities (4) 1,778,683 + 2,829 + 19,647 Unamortized premiums on securities held outright (5) 160,744 - 288 - 14,886 Unamortized discounts on securities held outright (5) -14,251 + 33 + 967 Repurchase agreements (6) 0 0 0 Loans 56 + 5 + 9 Net portfolio holdings of Maiden Lane LLC (7) 1,710 0 + 10 Items in process of collection (0) 68 - 3 + 5 Bank premises 2,209 + 5 + 5 Central bank liquidity swaps (8) 35 0 - 166 Foreign currency denominated assets (9) 21,231 + 109 + 1,397 Other assets (10) 20,845 + 1,842 - 1,079 Total assets (0) 4,450,615 + 2,326 - 15,167 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 Nov 22, 2017 Wednesday Wednesday consolidation Nov 15, 2017 Nov 23, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,551,645 + 5,805 + 103,289 Reverse repurchase agreements (11) 283,250 + 19,801 - 91,109 Deposits (0) 2,566,771 - 24,118 - 29,481 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,329,834 - 27,972 + 226,650 U.S. Treasury, General Account 151,783 + 3,618 - 234,900 Foreign official 5,165 - 203 - 1 Other (12) (0) 79,989 + 440 - 21,230 Deferred availability cash items (0) 542 + 155 + 20 Other liabilities and accrued dividends (13) 7,164 + 678 + 1,240 Total liabilities (0) 4,409,372 + 2,321 - 16,041 Capital accounts Capital paid in 31,243 + 5 + 873 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,243 + 5 + 873 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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, November 22, 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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,835 47 45 183 141 271 192 288 33 51 104 187 295 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,386,446 85,463 2,469,940 113,255 127,201 257,001 258,199 184,504 58,494 34,215 62,224 175,604 560,345 Securities held outright (1) 4,239,896 82,609 2,387,451 109,472 122,953 248,418 249,576 178,325 56,538 33,056 60,132 169,736 541,631 U.S. Treasury securities 2,456,822 47,868 1,383,417 63,434 71,246 143,947 144,618 103,331 32,761 19,155 34,843 98,354 313,850 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,456,822 47,868 1,383,417 63,434 71,246 143,947 144,618 103,331 32,761 19,155 34,843 98,354 313,850 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,778,683 34,655 1,001,562 45,925 51,580 104,214 104,700 74,809 23,718 13,868 25,226 71,206 227,220 Unamortized premiums on securities held outright (5) 160,744 3,132 90,514 4,150 4,661 9,418 9,462 6,761 2,143 1,253 2,280 6,435 20,534 Unamortized discounts on securities held outright (5) -14,251 -278 -8,025 -368 -413 -835 -839 -599 -190 -111 -202 -571 -1,821 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 56 0 0 0 0 0 0 18 3 17 15 4 0 Net portfolio holdings of Maiden Lane LLC (7) 1,710 0 1,710 0 0 0 0 0 0 0 0 0 0 Items in process of collection 68 0 0 0 0 0 67 0 0 0 0 0 0 Bank premises 2,209 116 444 72 125 197 204 205 110 88 236 219 192 Central bank liquidity swaps (8) 35 2 11 2 3 8 2 1 0 0 0 0 5 Foreign currency denominated assets (9) 21,231 920 6,800 1,141 1,729 4,588 1,238 889 232 90 206 271 3,126 Other assets (10) 20,845 444 11,221 529 604 1,383 1,233 876 471 175 353 930 2,627 Interdistrict settlement account 0 - 2,792 - 24,898 + 1,858 - 3,575 + 4,052 + 2,257 + 49,499 - 1,466 + 2,986 + 7,029 + 3,242 - 38,193 Total assets 4,450,615 84,745 2,470,683 117,598 127,019 268,687 265,566 237,423 58,364 37,887 70,597 181,652 530,392 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, November 22, 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 1,737,209 56,601 573,616 54,549 84,335 120,190 238,321 116,654 52,322 31,183 48,115 141,548 219,776 Less: Notes held by F.R. Banks 185,564 6,460 51,683 6,724 9,338 13,941 27,520 11,590 5,379 3,072 5,347 17,157 27,352 Federal Reserve notes, net 1,551,645 50,140 521,933 47,825 74,997 106,248 210,801 105,063 46,943 28,112 42,768 124,391 192,425 Reverse repurchase agreements (11) 283,250 5,519 159,496 7,313 8,214 16,596 16,673 11,913 3,777 2,208 4,017 11,339 36,184 Deposits 2,566,771 27,097 1,772,850 59,873 40,174 136,279 35,143 118,311 6,982 6,756 23,227 45,100 294,980 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 2,329,834 27,090 1,595,655 59,871 40,170 135,996 35,134 58,888 6,976 6,756 23,226 45,098 294,973 U.S. Treasury, General Account 151,783 0 151,783 0 0 0 0 0 0 0 0 0 0 Foreign official 5,165 2 5,138 2 3 9 2 2 0 0 0 1 6 Other (12) 79,989 5 20,274 0 0 275 7 59,421 6 0 1 1 1 Deferred availability cash items 542 0 0 0 0 0 74 0 0 468 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,938 48 1,033 55 63 116 140 74 22 15 32 89 252 Other liabilities and accrued dividends 5,225 172 2,283 211 221 581 338 313 145 142 144 216 459 Total liabilities 4,409,372 82,976 2,457,594 115,278 123,669 259,820 263,169 235,674 57,868 37,701 70,189 181,135 524,300 Capital Capital paid in 31,243 1,336 9,888 1,783 2,535 6,706 1,814 1,331 387 143 311 390 4,620 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 4,450,615 84,745 2,470,683 117,598 127,019 268,687 265,566 237,423 58,364 37,887 70,597 181,652 530,392 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, November 22, 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 Nov 22, 2017 Federal Reserve notes outstanding 1,737,209 Less: Notes held by F.R. Banks not subject to collateralization 185,564 Federal Reserve notes to be collateralized 1,551,645 Collateral held against Federal Reserve notes 1,551,645 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,535,408 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,239,896 Less: Face value of securities under reverse repurchase agreements 277,876 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,962,021 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.