FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 19, 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 Jul 18, 2018 Federal Reserve Banks Jul 18, 2018 Jul 11, 2018 Jul 19, 2017 Reserve Bank credit 4,256,267 + 5,411 - 184,168 4,252,263 Securities held outright (1) 4,088,058 + 3,919 - 167,180 4,084,466 U.S. Treasury securities 2,360,214 - 243 - 104,922 2,359,766 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,224,276 + 115 - 113,881 2,224,429 Notes and bonds, inflation-indexed (2) 114,443 - 417 + 6,173 113,886 Inflation compensation (3) 21,496 + 60 + 2,786 21,451 Federal agency debt securities (2) 2,409 0 - 5,688 2,409 Mortgage-backed securities (4) 1,725,435 + 4,162 - 56,570 1,722,291 Unamortized premiums on securities held outright (5) 149,164 - 167 - 16,644 148,967 Unamortized discounts on securities held outright (5) -13,890 + 24 + 794 -13,879 Repurchase agreements (6) 0 0 0 0 Loans 258 + 64 + 91 224 Primary credit 54 + 46 + 46 13 Secondary credit 0 0 0 0 Seasonal credit 203 + 17 + 44 211 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 + 2 1,711 Float -183 + 52 + 120 -181 Central bank liquidity swaps (8) 91 - 148 + 50 91 Other Federal Reserve assets (9) 31,059 + 1,667 - 1,399 30,865 Foreign currency denominated assets (10) 21,022 - 188 + 198 20,967 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,699 + 14 + 681 49,699 Total factors supplying reserve funds 4,343,228 + 5,236 - 183,289 4,339,170 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 Jul 18, 2018 Federal Reserve Banks Jul 18, 2018 Jul 11, 2018 Jul 19, 2017 Currency in circulation (11) 1,668,699 - 3,505 + 106,781 1,668,409 Reverse repurchase agreements (12) 249,739 - 11,513 - 133,741 264,459 Foreign official and international accounts 247,857 - 9,456 + 6,600 258,438 Others 1,883 - 2,056 - 140,340 6,021 Treasury cash holdings 196 + 1 + 27 200 Deposits with F.R. Banks, other than reserve balances 412,351 + 10,522 + 134,361 411,521 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 324,457 - 2,019 + 144,057 335,801 Foreign official 5,258 + 1 + 90 5,257 Other (13) 82,635 + 12,539 - 9,787 70,463 Other liabilities and capital (14) 45,125 + 698 - 3,745 44,636 Total factors, other than reserve balances, absorbing reserve funds 2,376,109 - 3,798 + 103,683 2,389,226 Reserve balances with Federal Reserve Banks 1,967,119 + 9,034 - 286,973 1,949,944 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 Jul 18, 2018 Jul 18, 2018 Jul 11, 2018 Jul 19, 2017 Securities held in custody for foreign official and international accounts 3,407,700 + 2,216 + 88,366 3,400,793 Marketable U.S. Treasury securities (1) 3,042,402 + 1,047 + 45,652 3,035,345 Federal agency debt and mortgage-backed securities (2) 292,101 + 809 + 31,442 292,107 Other securities (3) 73,197 + 360 + 11,272 73,341 Securities lent to dealers 17,469 - 3,142 - 5,734 18,286 Overnight facility (4) 17,469 - 3,142 - 5,734 18,286 U.S. Treasury securities 17,469 - 3,142 - 5,734 18,286 Federal agency debt securities 0 0 0 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, July 18, 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 169 55 0 0 0 ... 224 U.S. Treasury securities (1) Holdings 30,302 63,008 310,067 1,040,534 296,154 619,701 2,359,766 Weekly changes + 29,169 - 30,302 + 2,186 - 2,024 + 117 + 115 - 738 Federal agency debt securities (2) Holdings 0 0 62 0 0 2,347 2,409 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 151 41,769 1,680,371 1,722,291 Weekly changes 0 0 0 + 4 - 116 + 1,129 + 1,016 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 91 0 0 0 0 0 91 Reverse repurchase agreements (4) 264,459 0 ... ... ... ... 264,459 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 Jul 18, 2018 Mortgage-backed securities held outright (1) 1,722,291 Commitments to buy mortgage-backed securities (2) 9,681 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 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 Jul 18, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,711 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 Jul 18, 2018 Wednesday Wednesday consolidation Jul 11, 2018 Jul 19, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,758 + 8 - 63 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,778 + 28 - 184,041 Securities held outright (1) 4,084,466 + 278 - 168,171 U.S. Treasury securities 2,359,766 - 738 - 105,379 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,224,429 + 268 - 114,458 Notes and bonds, inflation-indexed (2) 113,886 - 974 + 6,235 Inflation compensation (3) 21,451 - 32 + 2,844 Federal agency debt securities (2) 2,409 0 - 5,688 Mortgage-backed securities (4) 1,722,291 + 1,016 - 57,103 Unamortized premiums on securities held outright (5) 148,967 - 298 - 16,666 Unamortized discounts on securities held outright (5) -13,879 + 25 + 790 Repurchase agreements (6) 0 0 0 Loans 224 + 24 + 6 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 + 1 Items in process of collection (0) 207 + 4 + 139 Bank premises 2,185 + 2 - 12 Central bank liquidity swaps (8) 91 - 5 + 50 Foreign currency denominated assets (9) 20,967 - 181 + 36 Other assets (10) 28,682 + 558 - 1,397 Total assets (0) 4,291,615 + 414 - 185,288 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 Jul 18, 2018 Wednesday Wednesday consolidation Jul 11, 2018 Jul 19, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,620,664 - 3,721 + 105,804 Reverse repurchase agreements (11) 264,459 + 15,047 - 128,201 Deposits (0) 2,361,467 - 11,652 - 159,759 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,949,946 - 30,922 - 300,700 U.S. Treasury, General Account 335,801 + 19,367 + 146,519 Foreign official 5,257 + 1 + 93 Other (12) (0) 70,463 - 97 - 5,670 Deferred availability cash items (0) 389 + 3 - 62 Other liabilities and accrued dividends (13) 5,732 + 732 - 1,125 Total liabilities (0) 4,252,711 + 410 - 183,345 Capital accounts Capital paid in 32,080 + 5 + 1,233 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 38,905 + 5 - 1,942 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, July 18, 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 1,758 35 41 167 114 250 191 289 31 46 106 198 291 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,778 80,589 2,329,521 106,535 119,626 249,697 253,301 226,012 56,268 35,291 66,429 174,479 522,029 Securities held outright (1) 4,084,466 78,009 2,254,942 103,124 115,796 241,703 245,177 218,755 54,378 34,085 64,299 168,892 505,306 U.S. Treasury securities 2,359,766 45,069 1,302,774 59,579 66,900 139,642 141,649 126,384 31,416 19,692 37,148 97,576 291,936 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,359,766 45,069 1,302,774 59,579 66,900 139,642 141,649 126,384 31,416 19,692 37,148 97,576 291,936 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,722,291 32,894 950,838 43,484 48,828 101,919 103,384 92,242 22,929 14,372 27,113 71,216 213,072 Unamortized premiums on securities held outright (5) 148,967 2,845 82,241 3,761 4,223 8,815 8,942 7,978 1,983 1,243 2,345 6,160 18,429 Unamortized discounts on securities held outright (5) -13,879 -265 -7,663 -350 -393 -821 -833 -743 -185 -116 -218 -574 -1,717 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 224 0 0 0 0 0 15 22 92 79 4 1 11 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 1,711 0 0 0 0 0 0 0 0 0 0 Items in process of collection 207 0 0 0 0 0 207 0 0 0 0 0 0 Bank premises 2,185 109 442 75 118 196 203 198 107 95 233 219 189 Central bank liquidity swaps (8) 91 4 29 5 7 20 5 4 1 0 1 1 13 Foreign currency denominated assets (9) 20,967 892 6,611 1,191 1,692 4,529 1,211 889 303 96 208 260 3,086 Other assets (10) 28,682 584 15,366 722 827 1,911 1,722 1,514 462 280 521 1,247 3,526 Interdistrict settlement account 0 + 4,991 + 63,397 - 4,941 - 4,086 + 5,781 + 25,221 - 12,032 - 1,987 - 1,551 - 8,427 - 3,624 - 62,742 Total assets 4,291,615 87,765 2,422,562 104,313 119,079 263,569 284,207 218,037 55,669 34,546 59,531 173,966 468,372 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, July 18, 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 1,795,188 58,997 606,042 53,751 87,394 124,955 259,795 113,182 51,787 30,395 46,872 144,513 217,504 Less: Notes held by F.R. Banks 174,524 5,852 43,937 6,460 9,232 14,089 27,051 11,947 5,281 2,934 5,206 16,548 25,986 Federal Reserve notes, net 1,620,664 53,146 562,105 47,291 78,163 110,866 232,743 101,235 46,505 27,461 41,665 127,965 191,519 Reverse repurchase agreements (11) 264,459 5,051 146,002 6,677 7,498 15,650 15,875 14,164 3,521 2,207 4,163 10,935 32,717 Deposits 2,361,467 27,746 1,699,565 47,873 30,092 128,165 32,753 100,646 4,903 4,365 13,172 34,305 237,882 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 1,949,946 27,714 1,336,653 47,870 30,035 127,641 32,716 52,923 4,898 4,311 13,158 34,151 237,876 U.S. Treasury, General Account 335,801 0 335,801 0 0 0 0 0 0 0 0 0 0 Foreign official 5,257 2 5,229 2 3 9 2 2 1 0 0 0 6 Other (12) 70,463 31 21,881 1 54 515 35 47,720 4 53 14 154 1 Deferred availability cash items 389 0 0 0 0 0 203 0 0 186 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,060 19 579 21 25 23 96 61 19 10 15 67 126 Other liabilities and accrued dividends 4,671 170 1,950 195 197 506 305 306 130 141 139 214 417 Total liabilities 4,252,711 86,131 2,410,201 102,057 115,974 255,209 281,974 216,412 55,078 34,370 59,156 173,486 462,662 Capital Capital paid in 32,080 1,343 10,210 1,868 2,553 6,885 1,838 1,336 492 146 308 395 4,706 Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,291,615 87,765 2,422,562 104,313 119,079 263,569 284,207 218,037 55,669 34,546 59,531 173,966 468,372 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, July 18, 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 $6.825 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 Jul 18, 2018 Federal Reserve notes outstanding 1,795,188 Less: Notes held by F.R. Banks not subject to collateralization 174,524 Federal Reserve notes to be collateralized 1,620,664 Collateral held against Federal Reserve notes 1,620,664 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,604,427 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,084,466 Less: Face value of securities under reverse repurchase agreements 261,743 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,822,723 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.