FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 23, 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 22, 2018 Federal Reserve Banks Aug 22, 2018 Aug 15, 2018 Aug 23, 2017 Reserve Bank credit 4,189,859 - 27,158 - 234,656 4,189,432 Securities held outright (1) 4,034,202 - 14,084 - 217,278 4,033,680 U.S. Treasury securities 2,324,508 - 10,650 - 140,756 2,324,540 Bills (2) 86 + 86 + 86 100 Notes and bonds, nominal (2) 2,188,006 - 10,785 - 149,559 2,188,006 Notes and bonds, inflation-indexed (2) 114,592 0 + 5,619 114,592 Inflation compensation (3) 21,824 + 49 + 3,098 21,842 Federal agency debt securities (2) 2,409 0 - 5,497 2,409 Mortgage-backed securities (4) 1,707,285 - 3,434 - 71,026 1,706,731 Unamortized premiums on securities held outright (5) 147,228 - 418 - 17,048 147,068 Unamortized discounts on securities held outright (5) -13,826 - 30 + 783 -13,815 Repurchase agreements (6) 0 0 0 0 Loans 285 + 43 + 55 285 Primary credit 36 + 30 + 29 10 Secondary credit 0 0 0 0 Seasonal credit 248 + 12 + 24 274 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,719 0 + 11 1,720 Float -167 - 7 + 77 -224 Central bank liquidity swaps (8) 68 - 38 + 32 68 Other Federal Reserve assets (9) 20,350 - 12,623 - 1,286 20,651 Foreign currency denominated assets (10) 20,927 + 67 - 459 21,080 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,715 + 14 + 633 49,715 Total factors supplying reserve funds 4,276,742 - 27,077 - 234,482 4,276,468 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 22, 2018 Federal Reserve Banks Aug 22, 2018 Aug 15, 2018 Aug 23, 2017 Currency in circulation (11) 1,673,728 + 2,741 + 108,314 1,675,101 Reverse repurchase agreements (12) 249,010 + 6,490 - 125,013 244,204 Foreign official and international accounts 246,607 + 5,735 + 7,710 243,078 Others 2,403 + 755 - 132,723 1,126 Treasury cash holdings 219 0 + 43 217 Deposits with F.R. Banks, other than reserve balances 426,013 + 3,850 + 261,715 409,586 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 348,393 + 5,594 + 266,316 334,992 Foreign official 5,274 + 16 + 109 5,256 Other (13) 72,346 - 1,761 - 4,709 69,338 Other liabilities and capital (14) 44,519 - 863 - 3,155 44,574 Total factors, other than reserve balances, absorbing reserve funds 2,393,488 + 12,216 + 241,904 2,373,682 Reserve balances with Federal Reserve Banks 1,883,254 - 39,293 - 476,386 1,902,785 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 22, 2018 Aug 22, 2018 Aug 15, 2018 Aug 23, 2017 Securities held in custody for foreign official and international accounts 3,429,843 - 2,470 + 88,158 3,427,977 Marketable U.S. Treasury securities (1) 3,059,207 - 529 + 40,869 3,058,309 Federal agency debt and mortgage-backed securities (2) 299,655 - 938 + 37,683 298,707 Other securities (3) 70,982 - 1,002 + 9,608 70,961 Securities lent to dealers 14,211 - 1,239 - 8,942 15,826 Overnight facility (4) 14,211 - 1,239 - 8,942 15,826 U.S. Treasury securities 14,211 - 1,239 - 8,942 15,826 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 22, 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 260 25 0 0 0 ... 285 U.S. Treasury securities (1) Holdings 20,932 77,244 326,060 1,016,033 267,171 617,099 2,324,540 Weekly changes + 20,932 + 13,472 - 34,303 + 7 + 8,722 - 8,681 + 149 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 43,391 1,663,190 1,706,731 Weekly changes 0 0 0 0 + 6 - 1,462 - 1,456 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 68 0 0 0 0 0 68 Reverse repurchase agreements (4) 244,204 0 ... ... ... ... 244,204 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 22, 2018 Mortgage-backed securities held outright (1) 1,706,731 Commitments to buy mortgage-backed securities (2) 4,945 Commitments to sell mortgage-backed securities (2) 15 Cash and cash equivalents (3) 12 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 22, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,720 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 22, 2018 Wednesday Wednesday consolidation Aug 15, 2018 Aug 23, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,791 + 7 - 81 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,167,217 - 1,634 - 233,304 Securities held outright (1) 4,033,680 - 1,308 - 217,050 U.S. Treasury securities 2,324,540 + 149 - 140,733 Bills (2) 100 + 100 + 100 Notes and bonds, nominal (2) 2,188,006 0 - 149,559 Notes and bonds, inflation-indexed (2) 114,592 0 + 5,619 Inflation compensation (3) 21,842 + 49 + 3,107 Federal agency debt securities (2) 2,409 0 - 4,348 Mortgage-backed securities (4) 1,706,731 - 1,456 - 71,968 Unamortized premiums on securities held outright (5) 147,068 - 393 - 17,085 Unamortized discounts on securities held outright (5) -13,815 + 29 + 783 Repurchase agreements (6) 0 0 0 Loans 285 + 39 + 49 Net portfolio holdings of Maiden Lane LLC (7) 1,720 + 1 + 12 Items in process of collection (0) 54 - 135 + 1 Bank premises 2,183 + 1 - 16 Central bank liquidity swaps (8) 68 - 38 + 32 Foreign currency denominated assets (9) 21,080 + 292 - 360 Other assets (10) 18,468 + 1,400 - 1,302 Total assets (0) 4,228,818 - 106 - 235,019 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 22, 2018 Wednesday Wednesday consolidation Aug 15, 2018 Aug 23, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,627,390 + 1,476 + 107,790 Reverse repurchase agreements (11) 244,204 - 5,332 - 163,619 Deposits (0) 2,312,371 + 4,016 - 176,313 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,902,785 - 15,959 - 435,385 U.S. Treasury, General Account 334,992 + 16,875 + 267,062 Foreign official 5,256 - 1 + 91 Other (12) (0) 69,338 + 3,101 - 8,080 Deferred availability cash items (0) 278 - 57 - 244 Other liabilities and accrued dividends (13) 5,553 - 213 - 678 Total liabilities (0) 4,189,796 - 111 - 233,065 Capital accounts Capital paid in 32,196 + 4 + 1,220 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 39,021 + 4 - 1,955 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 22, 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 1,791 42 42 161 117 251 201 295 34 45 108 203 291 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,167,217 79,584 2,300,471 105,206 118,134 246,585 250,146 223,195 55,599 34,876 65,601 172,303 515,517 Securities held outright (1) 4,033,680 77,039 2,226,904 101,842 114,356 238,698 242,129 216,035 53,702 33,661 63,500 166,792 499,023 U.S. Treasury securities 2,324,540 44,396 1,283,326 58,690 65,901 137,557 139,535 124,497 30,947 19,398 36,594 96,119 287,578 Bills (2) 100 2 55 3 3 6 6 5 1 1 2 4 12 Notes and bonds (3) 2,324,440 44,394 1,283,271 58,687 65,899 137,551 139,529 124,492 30,946 19,397 36,592 96,115 287,566 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,706,731 32,597 942,248 43,091 48,386 100,998 102,450 91,409 22,722 14,243 26,868 70,573 211,147 Unamortized premiums on securities held outright (5) 147,068 2,809 81,193 3,713 4,169 8,703 8,828 7,877 1,958 1,227 2,315 6,081 18,194 Unamortized discounts on securities held outright (5) -13,815 -264 -7,627 -349 -392 -818 -829 -740 -184 -115 -217 -571 -1,709 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 285 0 1 0 0 2 18 23 123 103 4 1 9 Net portfolio holdings of Maiden Lane LLC (7) 1,720 0 1,720 0 0 0 0 0 0 0 0 0 0 Items in process of collection 54 0 0 0 0 0 54 0 0 1 0 0 0 Bank premises 2,183 109 442 76 118 196 203 197 106 95 233 219 189 Central bank liquidity swaps (8) 68 3 21 4 5 15 4 3 1 0 1 1 10 Foreign currency denominated assets (9) 21,080 897 6,646 1,197 1,701 4,554 1,218 894 304 97 209 261 3,103 Other assets (10) 18,468 382 9,672 459 527 1,294 1,098 965 442 194 346 839 2,250 Interdistrict settlement account 0 + 2,982 + 27,380 - 6,635 + 2,343 + 8,632 + 28,213 - 10,419 + 839 - 700 - 6,322 + 6,100 - 52,413 Total assets 4,228,818 84,560 2,351,837 101,029 123,727 262,710 283,282 216,292 57,810 34,896 60,636 181,113 470,925 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 22, 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 1,809,328 58,563 604,939 53,807 87,537 125,038 262,580 118,481 53,999 30,444 47,208 149,064 217,668 Less: Notes held by F.R. Banks 181,938 6,172 44,978 6,993 9,221 14,638 27,987 12,410 5,523 3,084 5,630 17,475 27,826 Federal Reserve notes, net 1,627,390 52,392 559,961 46,813 78,316 110,400 234,593 106,071 48,477 27,359 41,577 131,589 189,842 Reverse repurchase agreements (11) 244,204 4,664 134,820 6,166 6,923 14,451 14,659 13,079 3,251 2,038 3,844 10,098 30,212 Deposits 2,312,371 25,661 1,642,540 45,559 35,130 128,889 31,308 95,150 5,332 4,943 14,657 38,666 244,536 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 1,902,785 25,629 1,280,954 45,556 35,064 128,329 31,273 48,068 5,317 4,891 14,642 38,533 244,529 U.S. Treasury, General Account 334,992 0 334,992 0 0 0 0 0 0 0 0 0 0 Foreign official 5,256 2 5,229 2 3 9 2 2 1 0 0 0 6 Other (12) 69,338 31 21,364 1 62 552 33 47,080 15 52 15 132 1 Deferred availability cash items 278 0 0 0 0 0 56 0 0 222 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,474 40 685 47 60 117 121 84 29 12 30 68 181 Other liabilities and accrued dividends 4,079 169 1,462 188 192 492 308 280 134 146 151 210 348 Total liabilities 4,189,796 82,926 2,339,467 98,773 120,621 254,349 281,045 214,663 57,223 34,719 60,260 180,631 465,119 Capital Capital paid in 32,196 1,343 10,219 1,868 2,555 6,887 1,842 1,340 489 146 308 398 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 4,228,818 84,560 2,351,837 101,029 123,727 262,710 283,282 216,292 57,810 34,896 60,636 181,113 470,925 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 22, 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 22, 2018 Federal Reserve notes outstanding 1,809,328 Less: Notes held by F.R. Banks not subject to collateralization 181,938 Federal Reserve notes to be collateralized 1,627,390 Collateral held against Federal Reserve notes 1,627,390 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,611,153 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,033,680 Less: Face value of securities under reverse repurchase agreements 245,076 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,788,603 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.