FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 16, 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 Aug 15, 2018 Federal Reserve Banks Aug 15, 2018 Aug 8, 2018 Aug 16, 2017 Reserve Bank credit 4,217,017 - 638 - 212,860 4,189,779 Securities held outright (1) 4,048,286 - 575 - 198,061 4,034,988 U.S. Treasury securities 2,335,158 - 1,749 - 130,080 2,324,391 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,198,791 - 1,798 - 138,774 2,188,006 Notes and bonds, inflation-indexed (2) 114,592 0 + 5,619 114,592 Inflation compensation (3) 21,775 + 49 + 3,076 21,793 Federal agency debt securities (2) 2,409 0 - 5,688 2,409 Mortgage-backed securities (4) 1,710,719 + 1,174 - 62,294 1,708,187 Unamortized premiums on securities held outright (5) 147,646 - 205 - 16,795 147,461 Unamortized discounts on securities held outright (5) -13,796 + 19 + 796 -13,844 Repurchase agreements (6) 0 0 0 0 Loans 242 + 14 + 13 246 Primary credit 6 + 3 - 12 7 Secondary credit 0 0 0 0 Seasonal credit 236 + 12 + 25 240 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,719 + 2 + 9 1,719 Float -160 + 35 + 171 -147 Central bank liquidity swaps (8) 106 + 6 + 70 106 Other Federal Reserve assets (9) 32,973 + 65 + 937 19,250 Foreign currency denominated assets (10) 20,860 - 182 - 512 20,788 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,701 + 14 + 630 49,701 Total factors supplying reserve funds 4,303,819 - 806 - 212,742 4,276,509 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 Aug 15, 2018 Federal Reserve Banks Aug 15, 2018 Aug 8, 2018 Aug 16, 2017 Currency in circulation (11) 1,670,987 + 1,582 + 105,276 1,673,616 Reverse repurchase agreements (12) 242,520 + 5,703 - 85,999 249,536 Foreign official and international accounts 240,872 + 5,901 + 321 249,221 Others 1,648 - 199 - 86,320 315 Treasury cash holdings 219 + 4 + 52 219 Deposits with F.R. Banks, other than reserve balances 422,163 + 19,706 + 185,275 389,611 Term deposits held by depository institutions 0 0 - 14,733 0 U.S. Treasury, General Account 342,799 + 16,328 + 211,845 318,117 Foreign official 5,258 0 + 90 5,257 Other (13) 74,107 + 3,379 - 11,926 66,237 Other liabilities and capital (14) 45,382 + 1,041 - 3,506 44,783 Total factors, other than reserve balances, absorbing reserve funds 2,381,272 + 28,036 + 201,098 2,357,765 Reserve balances with Federal Reserve Banks 1,922,547 - 28,842 - 413,841 1,918,744 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 Aug 15, 2018 Aug 15, 2018 Aug 8, 2018 Aug 16, 2017 Securities held in custody for foreign official and international accounts 3,432,313 - 9,903 + 99,674 3,424,516 Marketable U.S. Treasury securities (1) 3,059,736 - 8,868 + 50,403 3,053,169 Federal agency debt and mortgage-backed securities (2) 300,593 + 213 + 39,019 300,417 Other securities (3) 71,984 - 1,248 + 10,253 70,930 Securities lent to dealers 15,450 - 3,158 - 6,310 16,938 Overnight facility (4) 15,450 - 3,158 - 6,310 16,938 U.S. Treasury securities 15,450 - 3,158 - 6,310 16,938 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, August 15, 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 69 177 0 0 0 ... 246 U.S. Treasury securities (1) Holdings 0 63,772 360,363 1,016,026 258,449 625,780 2,324,391 Weekly changes - 23,069 0 + 54,815 - 12,029 - 38,190 + 5,939 - 12,534 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 0 149 43,385 1,664,652 1,708,187 Weekly changes 0 0 0 - 2 - 142 - 1,214 - 1,358 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 106 0 0 0 0 0 106 Reverse repurchase agreements (4) 249,536 0 ... ... ... ... 249,536 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 Aug 15, 2018 Mortgage-backed securities held outright (1) 1,708,187 Commitments to buy mortgage-backed securities (2) 7,619 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 18 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 Aug 15, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,719 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 Aug 15, 2018 Wednesday Wednesday consolidation Aug 8, 2018 Aug 16, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,784 + 1 - 63 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,168,851 - 14,269 - 232,520 Securities held outright (1) 4,034,988 - 13,891 - 216,331 U.S. Treasury securities 2,324,391 - 12,534 - 140,856 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,188,006 - 12,583 - 149,559 Notes and bonds, inflation-indexed (2) 114,592 0 + 5,619 Inflation compensation (3) 21,793 + 49 + 3,084 Federal agency debt securities (2) 2,409 0 - 5,688 Mortgage-backed securities (4) 1,708,187 - 1,358 - 69,788 Unamortized premiums on securities held outright (5) 147,461 - 329 - 17,006 Unamortized discounts on securities held outright (5) -13,844 - 40 + 784 Repurchase agreements (6) 0 0 0 Loans 246 - 9 + 33 Net portfolio holdings of Maiden Lane LLC (7) 1,719 0 + 11 Items in process of collection (0) 189 - 5 + 116 Bank premises 2,182 + 2 - 14 Central bank liquidity swaps (8) 106 + 6 + 70 Foreign currency denominated assets (9) 20,788 - 264 - 416 Other assets (10) 17,068 - 14,577 - 1,130 Total assets (0) 4,228,924 - 29,106 - 233,947 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 Aug 15, 2018 Wednesday Wednesday consolidation Aug 8, 2018 Aug 16, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,625,914 + 1,995 + 106,439 Reverse repurchase agreements (11) 249,536 + 12,146 - 87,787 Deposits (0) 2,308,355 - 43,849 - 249,393 Term deposits held by depository institutions 0 0 - 14,733 Other deposits held by depository institutions 1,918,744 - 47,359 - 446,228 U.S. Treasury, General Account 318,117 + 6,427 + 222,088 Foreign official 5,257 0 + 92 Other (12) (0) 66,237 - 2,917 - 10,612 Deferred availability cash items (0) 335 - 75 - 8 Other liabilities and accrued dividends (13) 5,766 + 562 - 1,243 Total liabilities (0) 4,189,907 - 29,219 - 231,990 Capital accounts Capital paid in 32,192 + 113 + 1,218 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 39,017 + 113 - 1,957 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, August 15, 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 1,784 42 42 158 119 252 200 293 32 45 108 202 289 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,168,851 79,616 2,301,398 105,248 118,182 246,682 250,244 223,284 55,590 34,887 65,626 172,372 515,720 Securities held outright (1) 4,034,988 77,064 2,227,626 101,875 114,393 238,775 242,207 216,105 53,719 33,672 63,520 166,846 499,185 U.S. Treasury securities 2,324,391 44,393 1,283,244 58,686 65,897 137,548 139,526 124,489 30,945 19,397 36,591 96,113 287,560 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,324,391 44,393 1,283,244 58,686 65,897 137,548 139,526 124,489 30,945 19,397 36,591 96,113 287,560 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,708,187 32,625 943,052 43,128 48,428 101,084 102,537 91,487 22,742 14,255 26,891 70,633 211,327 Unamortized premiums on securities held outright (5) 147,461 2,816 81,410 3,723 4,181 8,726 8,852 7,898 1,963 1,231 2,321 6,097 18,243 Unamortized discounts on securities held outright (5) -13,844 -264 -7,643 -350 -392 -819 -831 -741 -184 -116 -218 -572 -1,713 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 246 0 5 0 1 0 17 23 92 100 3 1 5 Net portfolio holdings of Maiden Lane LLC (7) 1,719 0 1,719 0 0 0 0 0 0 0 0 0 0 Items in process of collection 189 0 0 0 0 0 188 0 0 1 0 0 0 Bank premises 2,182 109 441 76 118 196 203 197 106 95 233 219 189 Central bank liquidity swaps (8) 106 5 34 6 9 23 6 5 2 0 1 1 16 Foreign currency denominated assets (9) 20,788 885 6,555 1,181 1,678 4,490 1,201 881 300 95 206 257 3,059 Other assets (10) 17,068 365 8,953 426 500 1,220 1,024 889 326 183 344 755 2,083 Interdistrict settlement account 0 + 12,182 - 24,061 - 4,538 + 2,950 + 6,667 + 30,347 - 10,520 + 1,913 - 606 - 6,592 + 9,090 - 16,831 Total assets 4,228,924 93,763 2,300,524 103,117 124,336 260,716 285,557 216,192 58,753 34,989 60,387 184,084 506,504 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, August 15, 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 1,805,530 58,682 604,690 53,805 87,643 125,069 261,180 117,452 53,527 30,481 47,279 148,185 217,538 Less: Notes held by F.R. Banks 179,616 6,042 45,185 6,867 9,235 14,557 27,400 12,390 5,373 3,055 5,566 17,036 26,911 Federal Reserve notes, net 1,625,914 52,640 559,504 46,938 78,408 110,513 233,780 105,062 48,154 27,426 41,713 131,149 190,628 Reverse repurchase agreements (11) 249,536 4,766 137,763 6,300 7,074 14,767 14,979 13,365 3,322 2,082 3,928 10,318 30,871 Deposits 2,308,355 34,536 1,588,374 47,407 35,526 126,539 33,980 95,772 6,533 4,997 14,192 41,849 278,650 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 1,918,744 34,503 1,245,232 47,404 35,454 125,905 33,944 50,331 6,517 4,947 14,161 41,703 278,643 U.S. Treasury, General Account 318,117 0 318,117 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) 66,237 31 19,796 1 69 625 33 45,439 15 50 31 146 1 Deferred availability cash items 335 0 0 0 0 0 185 0 0 150 0 0 0 Earnings remittances due to the U.S. Treasury (13) 824 9 501 8 19 -12 76 44 11 11 12 55 91 Other liabilities and accrued dividends 4,942 179 2,012 208 204 550 325 322 142 146 166 230 458 Total liabilities 4,189,907 92,129 2,288,154 100,861 121,231 252,356 283,325 214,565 58,161 34,812 60,012 183,602 500,698 Capital Capital paid in 32,192 1,343 10,218 1,868 2,555 6,885 1,838 1,338 494 146 308 397 4,802 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 4,228,924 93,763 2,300,524 103,117 124,336 260,716 285,557 216,192 58,753 34,989 60,387 184,084 506,504 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, August 15, 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 Aug 15, 2018 Federal Reserve notes outstanding 1,805,530 Less: Notes held by F.R. Banks not subject to collateralization 179,616 Federal Reserve notes to be collateralized 1,625,914 Collateral held against Federal Reserve notes 1,625,914 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,609,678 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,034,988 Less: Face value of securities under reverse repurchase agreements 248,858 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,786,130 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.