FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 28, 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 Dec 27, 2017 Federal Reserve Banks Dec 27, 2017 Dec 20, 2017 Dec 28, 2016 Reserve Bank credit 4,417,716 + 9,424 - 9,508 4,408,906 Securities held outright (1) 4,231,118 - 2,891 - 2,273 4,223,535 U.S. Treasury securities 2,454,224 - 20 - 9,367 2,454,219 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,324,404 0 - 14,699 2,324,404 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 110,134 Inflation compensation (3) 19,686 - 20 + 1,895 19,680 Federal agency debt securities (2) 4,391 0 - 11,789 4,391 Mortgage-backed securities (4) 1,772,503 - 2,871 + 18,883 1,764,926 Unamortized premiums on securities held outright (5) 159,236 - 459 - 14,348 158,921 Unamortized discounts on securities held outright (5) -14,132 + 34 + 972 -14,121 Repurchase agreements (6) 0 0 0 0 Loans 62 - 48 + 18 141 Primary credit 30 - 47 + 15 108 Secondary credit 0 0 0 0 Seasonal credit 33 0 + 4 33 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,712 0 + 5 1,712 Float -179 + 36 + 107 -334 Central bank liquidity swaps (8) 12,008 + 11,951 + 7,182 12,008 Other Federal Reserve assets (9) 27,890 + 801 - 1,171 27,044 Foreign currency denominated assets (10) 21,179 + 19 + 1,812 21,229 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,360 + 14 + 836 49,360 Total factors supplying reserve funds 4,504,495 + 9,457 - 6,861 4,495,736 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 27, 2017 Federal Reserve Banks Dec 27, 2017 Dec 20, 2017 Dec 28, 2016 Currency in circulation (11) 1,612,112 + 8,098 + 106,050 1,616,323 Reverse repurchase agreements (12) 355,018 + 26,391 - 185,531 386,791 Foreign official and international accounts 235,076 + 7,275 - 12,204 239,042 Others 119,942 + 19,116 - 173,327 147,749 Treasury cash holdings 194 - 10 + 30 214 Deposits with F.R. Banks, other than reserve balances 287,888 + 43,614 - 177,183 268,636 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 190,283 + 34,671 - 190,396 186,486 Foreign official 5,253 - 44 + 87 5,254 Other (13) 92,352 + 8,987 + 13,125 76,897 Other liabilities and capital (14) 47,859 - 897 + 905 47,319 Total factors, other than reserve balances, absorbing reserve funds 2,303,070 + 77,196 - 255,730 2,319,283 Reserve balances with Federal Reserve Banks 2,201,425 - 67,739 + 248,870 2,176,452 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 Dec 27, 2017 Dec 27, 2017 Dec 20, 2017 Dec 28, 2016 Securities held in custody for foreign official and international accounts 3,361,999 - 10,658 + 182,122 3,361,720 Marketable U.S. Treasury securities (1) 3,021,289 - 9,690 + 162,346 3,021,419 Federal agency debt and mortgage-backed securities (2) 262,766 - 840 + 1,227 262,408 Other securities (3) 77,944 - 128 + 18,549 77,893 Securities lent to dealers 23,507 + 1,872 + 1,520 22,804 Overnight facility (4) 23,507 + 1,872 + 1,520 22,804 U.S. Treasury securities 23,507 + 1,872 + 1,536 22,804 Federal agency debt securities 0 0 - 16 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, December 27, 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 141 0 0 0 0 ... 141 U.S. Treasury securities (1) Holdings 17,504 79,555 328,412 1,095,446 310,412 622,890 2,454,219 Weekly changes 0 - 1 0 - 3 - 4 - 11 - 18 Federal agency debt securities (2) Holdings 0 0 1,982 62 0 2,347 4,391 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 1 173 20,013 1,744,739 1,764,926 Weekly changes 0 0 0 - 5 - 354 - 10,167 - 10,525 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 12,008 0 0 0 0 0 12,008 Reverse repurchase agreements (4) 386,791 0 ... ... ... ... 386,791 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 27, 2017 Mortgage-backed securities held outright (1) 1,764,926 Commitments to buy mortgage-backed securities (2) 18,733 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 22 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 27, 2017 Net portfolio holdings of Maiden Lane LLC (1) 1,712 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 Dec 27, 2017 Wednesday Wednesday consolidation Dec 20, 2017 Dec 28, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,885 - 7 + 11 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,368,476 - 11,081 - 10,757 Securities held outright (1) 4,223,535 - 10,544 + 2,367 U.S. Treasury securities 2,454,219 - 18 - 9,382 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,324,404 0 - 14,699 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 Inflation compensation (3) 19,680 - 19 + 1,879 Federal agency debt securities (2) 4,391 0 - 11,789 Mortgage-backed securities (4) 1,764,926 - 10,525 + 23,539 Unamortized premiums on securities held outright (5) 158,921 - 598 - 14,188 Unamortized discounts on securities held outright (5) -14,121 + 32 + 971 Repurchase agreements (6) 0 0 0 Loans 141 + 29 + 94 Net portfolio holdings of Maiden Lane LLC (7) 1,712 0 + 5 Items in process of collection (0) 88 + 11 - 6 Bank premises 2,218 + 4 + 8 Central bank liquidity swaps (8) 12,008 + 11,951 + 7,182 Foreign currency denominated assets (9) 21,229 + 23 + 1,941 Other assets (10) 24,825 + 306 - 1,158 Total assets (0) 4,448,680 + 1,210 - 2,771 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 27, 2017 Wednesday Wednesday consolidation Dec 20, 2017 Dec 28, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,569,058 + 8,393 + 106,484 Reverse repurchase agreements (11) 386,791 + 36,989 - 186,966 Deposits (0) 2,445,089 - 43,431 + 77,150 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,176,452 - 60,690 + 233,469 U.S. Treasury, General Account 186,486 + 15,669 - 186,339 Foreign official 5,254 + 1 + 89 Other (12) (0) 76,897 + 1,589 + 29,931 Deferred availability cash items (0) 423 + 187 - 362 Other liabilities and accrued dividends (13) 5,931 - 994 - 22 Total liabilities (0) 4,407,291 + 1,143 - 3,717 Capital accounts Capital paid in 31,388 + 66 + 945 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,388 + 66 + 945 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, December 27, 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 1,885 48 47 187 144 268 194 300 37 51 108 194 307 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,368,476 85,111 2,459,776 112,788 126,678 255,943 257,136 183,740 58,251 34,070 61,965 174,879 558,139 Securities held outright (1) 4,223,535 82,290 2,378,238 109,050 122,479 247,459 248,613 177,636 56,320 32,929 59,900 169,081 539,541 U.S. Treasury securities 2,454,219 47,817 1,381,950 63,367 71,170 143,794 144,464 103,221 32,726 19,134 34,807 98,250 313,517 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,454,219 47,817 1,381,950 63,367 71,170 143,794 144,464 103,221 32,726 19,134 34,807 98,250 313,517 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,764,926 34,387 993,815 45,570 51,181 103,408 103,890 74,231 23,535 13,760 25,031 70,655 225,463 Unamortized premiums on securities held outright (5) 158,921 3,096 89,487 4,103 4,609 9,311 9,355 6,684 2,119 1,239 2,254 6,362 20,302 Unamortized discounts on securities held outright (5) -14,121 -275 -7,951 -365 -409 -827 -831 -594 -188 -110 -200 -565 -1,804 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 141 0 2 0 0 0 0 14 0 12 12 1 100 Net portfolio holdings of Maiden Lane LLC (7) 1,712 0 1,712 0 0 0 0 0 0 0 0 0 0 Items in process of collection 88 0 0 0 0 0 88 0 0 0 0 0 0 Bank premises 2,218 115 449 72 131 197 204 204 110 88 237 219 193 Central bank liquidity swaps (8) 12,008 521 3,845 646 978 2,595 700 503 131 51 117 154 1,768 Foreign currency denominated assets (9) 21,229 920 6,800 1,141 1,729 4,587 1,238 889 232 90 206 271 3,126 Other assets (10) 24,825 522 13,477 633 724 1,632 1,481 1,040 396 209 417 1,155 3,139 Interdistrict settlement account 0 - 2,264 - 58,876 - 2,706 - 162 + 23,776 + 16,883 + 42,456 - 105 + 2,941 + 6,833 + 147 - 28,923 Total assets 4,448,680 85,519 2,432,638 113,320 131,012 290,187 280,099 230,293 59,543 37,780 70,327 178,217 539,744 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 27, 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 1,746,453 57,234 578,116 54,279 83,806 119,519 244,244 116,040 52,082 31,095 47,959 140,828 221,250 Less: Notes held by F.R. Banks 177,395 6,118 49,344 6,595 8,868 13,615 24,525 10,926 5,218 2,963 5,771 16,482 26,970 Federal Reserve notes, net 1,569,058 51,116 528,773 47,684 74,938 105,904 219,719 105,114 46,864 28,132 42,188 124,346 194,280 Reverse repurchase agreements (11) 386,791 7,536 217,799 9,987 11,217 22,662 22,768 16,268 5,158 3,016 5,486 15,484 49,411 Deposits 2,445,089 24,906 1,670,420 53,103 41,245 152,000 34,675 106,833 6,811 5,972 22,099 37,605 289,419 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 2,176,452 24,897 1,456,254 53,101 41,242 151,847 34,666 52,554 6,807 5,972 22,095 37,604 289,412 U.S. Treasury, General Account 186,486 0 186,486 0 0 0 0 0 0 0 0 0 0 Foreign official 5,254 2 5,226 2 3 9 2 2 0 0 0 1 6 Other (12) 76,897 7 22,454 0 0 144 7 54,277 3 0 4 0 1 Deferred availability cash items 423 0 0 0 0 0 103 0 0 320 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,179 27 613 31 40 95 92 40 13 11 6 62 151 Other liabilities and accrued dividends 4,752 165 1,938 194 225 585 345 289 135 143 140 203 390 Total liabilities 4,407,291 83,750 2,419,542 110,999 127,664 281,245 277,702 228,544 58,981 37,594 69,919 177,701 533,651 Capital Capital paid in 31,388 1,336 9,894 1,783 2,534 6,781 1,814 1,331 453 144 311 389 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 4,448,680 85,519 2,432,638 113,320 131,012 290,187 280,099 230,293 59,543 37,780 70,327 178,217 539,744 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 27, 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 Dec 27, 2017 Federal Reserve notes outstanding 1,746,453 Less: Notes held by F.R. Banks not subject to collateralization 177,395 Federal Reserve notes to be collateralized 1,569,058 Collateral held against Federal Reserve notes 1,569,058 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,552,821 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,223,535 Less: Face value of securities under reverse repurchase agreements 378,882 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,844,654 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.