FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 7, 2018 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 Jun 6, 2018 Federal Reserve Banks Jun 6, 2018 May 30, 2018 Jun 7, 2017 Reserve Bank credit 4,278,593 - 10,164 - 143,681 4,279,553 Securities held outright (1) 4,116,809 - 10,621 - 127,734 4,116,856 U.S. Treasury securities 2,377,826 - 9,256 - 86,925 2,377,872 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,242,161 - 11,281 - 96,055 2,242,161 Notes and bonds, inflation-indexed (2) 114,860 + 1,911 + 6,734 114,860 Inflation compensation (3) 20,805 + 114 + 2,397 20,851 Federal agency debt securities (2) 4,391 0 - 4,443 4,391 Mortgage-backed securities (4) 1,734,592 - 1,366 - 36,366 1,734,593 Unamortized premiums on securities held outright (5) 151,123 - 287 - 15,784 151,027 Unamortized discounts on securities held outright (5) -14,016 - 111 + 822 -14,006 Repurchase agreements (6) 0 0 0 0 Loans 107 + 7 + 42 119 Primary credit 17 - 2 + 14 16 Secondary credit 0 0 0 0 Seasonal credit 90 + 8 + 28 103 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,712 - 1 + 3 1,713 Float -288 + 21 + 44 -231 Central bank liquidity swaps (8) 71 + 8 + 31 70 Other Federal Reserve assets (9) 23,074 + 821 - 1,104 24,003 Foreign currency denominated assets (10) 21,288 + 26 + 521 21,327 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,643 + 14 + 713 49,643 Total factors supplying reserve funds 4,365,765 - 10,124 - 142,447 4,366,764 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 Jun 6, 2018 Federal Reserve Banks Jun 6, 2018 May 30, 2018 Jun 7, 2017 Currency in circulation (11) 1,661,231 + 1,704 + 105,636 1,662,415 Reverse repurchase agreements (12) 258,915 + 14,676 - 140,743 260,593 Foreign official and international accounts 245,531 + 2,935 + 12,378 243,821 Others 13,384 + 11,741 - 153,121 16,772 Treasury cash holdings 243 - 10 + 13 235 Deposits with F.R. Banks, other than reserve balances 369,959 - 37,036 + 138,001 365,880 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 294,069 - 31,282 + 141,625 289,454 Foreign official 5,272 + 17 + 46 5,260 Other (13) 70,618 - 5,772 - 3,670 71,166 Other liabilities and capital (14) 45,837 + 644 - 2,626 45,676 Total factors, other than reserve balances, absorbing reserve funds 2,336,186 - 20,022 + 100,282 2,334,799 Reserve balances with Federal Reserve Banks 2,029,579 + 9,898 - 242,729 2,031,965 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 Jun 6, 2018 Jun 6, 2018 May 30, 2018 Jun 7, 2017 Securities held in custody for foreign official and international accounts 3,398,296 + 3,864 + 139,793 3,400,135 Marketable U.S. Treasury securities (1) 3,035,062 + 2,626 + 100,796 3,037,191 Federal agency debt and mortgage-backed securities (2) 287,986 + 1,388 + 25,093 287,986 Other securities (3) 75,247 - 151 + 13,903 74,958 Securities lent to dealers 21,171 + 61 - 4,041 22,788 Overnight facility (4) 21,171 + 61 - 4,041 22,788 U.S. Treasury securities 21,171 + 61 - 4,031 22,788 Federal agency debt securities 0 0 - 9 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, June 6, 2018 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 47 72 0 0 0 ... 119 U.S. Treasury securities (1) Holdings 0 105,885 305,415 1,051,115 296,172 619,284 2,377,872 Weekly changes - 28,479 + 20,933 - 874 - 8,054 + 7,186 + 56 - 9,231 Federal agency debt securities (2) Holdings 1,982 0 62 0 0 2,347 4,391 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 143 40,015 1,694,435 1,734,593 Weekly changes 0 0 0 + 3 + 877 - 874 + 5 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 70 0 0 0 0 0 70 Reverse repurchase agreements (4) 260,593 0 ... ... ... ... 260,593 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 Jun 6, 2018 Mortgage-backed securities held outright (1) 1,734,593 Commitments to buy mortgage-backed securities (2) 11,621 Commitments to sell mortgage-backed securities (2) 120 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 Jun 6, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,713 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 Jun 6, 2018 Wednesday Wednesday consolidation May 30, 2018 Jun 7, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,765 - 10 - 44 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,253,997 - 9,601 - 142,641 Securities held outright (1) 4,116,856 - 9,225 - 127,719 U.S. Treasury securities 2,377,872 - 9,231 - 86,911 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,242,161 - 11,281 - 96,055 Notes and bonds, inflation-indexed (2) 114,860 + 1,911 + 6,734 Inflation compensation (3) 20,851 + 140 + 2,411 Federal agency debt securities (2) 4,391 0 - 4,443 Mortgage-backed securities (4) 1,734,593 + 5 - 36,365 Unamortized premiums on securities held outright (5) 151,027 - 262 - 15,795 Unamortized discounts on securities held outright (5) -14,006 - 110 + 821 Repurchase agreements (6) 0 0 0 Loans 119 - 4 + 50 Net portfolio holdings of Maiden Lane LLC (7) 1,713 + 1 + 4 Items in process of collection (0) 79 - 8 - 5 Bank premises 2,187 - 6 - 8 Central bank liquidity swaps (8) 70 + 7 + 30 Foreign currency denominated assets (9) 21,327 + 47 + 533 Other assets (10) 21,816 + 1,242 - 1,119 Total assets (0) 4,319,191 - 8,328 - 143,252 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 Jun 6, 2018 Wednesday Wednesday consolidation May 30, 2018 Jun 7, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,614,767 + 1,088 + 105,312 Reverse repurchase agreements (11) 260,593 + 15,039 - 139,136 Deposits (0) 2,397,845 - 24,408 - 106,624 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,031,965 + 26,078 - 238,881 U.S. Treasury, General Account 289,454 - 43,258 + 134,694 Foreign official 5,260 + 5 - 101 Other (12) (0) 71,166 - 7,232 - 2,337 Deferred availability cash items (0) 310 - 790 - 287 Other liabilities and accrued dividends (13) 6,209 + 737 - 1,176 Total liabilities (0) 4,279,725 - 8,332 - 141,910 Capital accounts Capital paid in 31,967 + 5 + 1,159 Surplus 7,500 0 - 2,500 Other capital accounts 0 0 0 Total capital 39,467 + 5 - 1,341 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, June 6, 2018 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,765 44 52 173 115 252 180 288 26 47 102 181 308 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,253,997 81,245 2,348,472 107,401 120,599 251,728 255,368 227,848 56,667 35,535 66,969 175,897 526,268 Securities held outright (1) 4,116,856 78,628 2,272,824 103,942 116,714 243,620 247,122 220,490 54,809 34,355 64,809 170,231 509,313 U.S. Treasury securities 2,377,872 45,415 1,312,770 60,036 67,413 140,713 142,736 127,354 31,657 19,843 37,433 98,325 294,176 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,377,872 45,415 1,312,770 60,036 67,413 140,713 142,736 127,354 31,657 19,843 37,433 98,325 294,176 Federal agency debt securities (2) 4,391 84 2,424 111 124 260 264 235 58 37 69 182 543 Mortgage-backed securities (4) 1,734,593 33,129 957,630 43,795 49,176 102,646 104,122 92,901 23,093 14,475 27,307 71,725 214,594 Unamortized premiums on securities held outright (5) 151,027 2,884 83,379 3,813 4,282 8,937 9,066 8,089 2,011 1,260 2,378 6,245 18,684 Unamortized discounts on securities held outright (5) -14,006 -267 -7,732 -354 -397 -829 -841 -750 -186 -117 -220 -579 -1,733 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 119 0 2 0 0 0 22 19 34 36 2 0 3 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0 Items in process of collection 79 0 0 0 0 0 79 0 0 0 0 0 0 Bank premises 2,187 110 443 73 119 196 202 199 107 95 234 220 190 Central bank liquidity swaps (8) 70 3 22 4 6 15 4 3 1 0 1 1 10 Foreign currency denominated assets (9) 21,327 907 6,724 1,211 1,721 4,607 1,232 904 308 98 211 264 3,139 Other assets (10) 21,816 445 11,521 545 626 1,496 1,304 1,143 501 242 402 917 2,675 Interdistrict settlement account 0 + 8,070 + 51,338 - 5,035 - 5,458 + 3,585 + 20,149 - 12,111 - 883 - 1,364 - 7,443 - 3,180 - 47,668 Total assets 4,319,191 91,382 2,425,729 104,933 118,508 263,065 280,663 219,438 57,210 34,942 60,934 175,487 486,900 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, June 6, 2018 (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 1,785,098 59,218 605,595 54,147 87,742 125,523 253,393 113,389 51,999 30,360 47,187 138,475 218,071 Less: Notes held by F.R. Banks 170,331 5,999 42,668 6,626 9,396 13,760 25,926 11,920 5,233 3,103 5,655 16,009 24,037 Federal Reserve notes, net 1,614,767 53,218 562,928 47,522 78,346 111,762 227,468 101,468 46,767 27,257 41,532 122,466 194,034 Reverse repurchase agreements (11) 260,593 4,977 143,868 6,579 7,388 15,421 15,643 13,957 3,469 2,175 4,102 10,775 32,239 Deposits 2,397,845 31,319 1,703,816 48,298 29,356 126,735 34,779 101,970 6,208 4,938 14,750 41,468 254,210 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 2,031,965 31,288 1,388,104 48,295 29,293 126,522 34,742 52,297 6,203 4,937 14,676 41,404 254,202 U.S. Treasury, General Account 289,454 0 289,454 0 0 0 0 0 0 0 0 0 0 Foreign official 5,260 2 5,233 2 3 9 2 2 1 0 0 0 6 Other (12) 71,166 29 21,025 1 59 204 34 49,671 5 0 73 63 2 Deferred availability cash items 310 0 0 0 0 0 70 0 0 240 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,350 28 685 32 46 74 112 76 27 13 25 66 165 Other liabilities and accrued dividends 4,859 177 1,968 208 214 568 321 311 142 141 142 223 443 Total liabilities 4,279,725 89,720 2,413,264 102,639 115,350 254,560 278,392 217,783 56,613 34,763 60,551 174,999 481,091 Capital Capital paid in 31,967 1,343 10,101 1,868 2,552 6,885 1,838 1,337 488 145 308 396 4,705 Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,319,191 91,382 2,425,729 104,933 118,508 263,065 280,663 219,438 57,210 34,942 60,934 175,487 486,900 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, June 6, 2018 (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 $7.5 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 Jun 6, 2018 Federal Reserve notes outstanding 1,785,098 Less: Notes held by F.R. Banks not subject to collateralization 170,331 Federal Reserve notes to be collateralized 1,614,767 Collateral held against Federal Reserve notes 1,614,767 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,598,531 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,116,856 Less: Face value of securities under reverse repurchase agreements 258,006 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,858,850 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.