FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 30, 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 29, 2018 Federal Reserve Banks Aug 29, 2018 Aug 22, 2018 Aug 30, 2017 Reserve Bank credit 4,185,664 - 4,195 - 227,735 4,179,238 Securities held outright (1) 4,029,546 - 4,656 - 211,639 4,024,004 U.S. Treasury securities 2,324,571 + 63 - 140,719 2,324,589 Bills (2) 100 + 14 + 100 100 Notes and bonds, nominal (2) 2,188,006 0 - 149,559 2,188,006 Notes and bonds, inflation-indexed (2) 114,592 0 + 5,619 114,592 Inflation compensation (3) 21,873 + 49 + 3,121 21,891 Federal agency debt securities (2) 2,409 0 - 4,348 2,409 Mortgage-backed securities (4) 1,702,566 - 4,719 - 66,572 1,697,006 Unamortized premiums on securities held outright (5) 146,784 - 444 - 16,907 146,528 Unamortized discounts on securities held outright (5) -13,796 + 30 + 781 -13,785 Repurchase agreements (6) 0 0 0 0 Loans 293 + 8 + 66 311 Primary credit 24 - 12 + 22 39 Secondary credit 0 0 0 0 Seasonal credit 270 + 22 + 45 272 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,720 + 1 + 12 1,718 Float -216 - 49 + 181 -498 Central bank liquidity swaps (8) 92 + 24 + 56 92 Other Federal Reserve assets (9) 21,242 + 892 - 283 20,868 Foreign currency denominated assets (10) 21,085 + 158 - 452 21,098 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,729 + 14 + 636 49,729 Total factors supplying reserve funds 4,272,718 - 4,024 - 227,552 4,266,306 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 29, 2018 Federal Reserve Banks Aug 29, 2018 Aug 22, 2018 Aug 30, 2017 Currency in circulation (11) 1,676,374 + 2,646 + 109,188 1,681,023 Reverse repurchase agreements (12) 242,238 - 6,772 - 128,247 232,432 Foreign official and international accounts 239,429 - 7,178 - 3,534 231,592 Others 2,809 + 406 - 124,713 840 Treasury cash holdings 216 - 3 + 43 211 Deposits with F.R. Banks, other than reserve balances 424,452 - 1,561 + 274,824 427,249 Term deposits held by depository institutions 2,487 + 2,487 + 2,487 2,487 U.S. Treasury, General Account 342,543 - 5,850 + 281,486 345,255 Foreign official 5,256 - 18 - 28 5,257 Other (13) 74,165 + 1,819 - 9,121 74,251 Other liabilities and capital (14) 45,515 + 996 - 2,738 44,883 Total factors, other than reserve balances, absorbing reserve funds 2,388,794 - 4,694 + 253,070 2,385,799 Reserve balances with Federal Reserve Banks 1,883,924 + 670 - 480,622 1,880,507 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 29, 2018 Aug 29, 2018 Aug 22, 2018 Aug 30, 2017 Securities held in custody for foreign official and international accounts 3,429,056 - 787 + 84,038 3,419,272 Marketable U.S. Treasury securities (1) 3,059,869 + 662 + 40,472 3,050,312 Federal agency debt and mortgage-backed securities (2) 298,729 - 926 + 34,567 298,658 Other securities (3) 70,458 - 524 + 8,999 70,302 Securities lent to dealers 17,992 + 3,781 - 7,807 19,631 Overnight facility (4) 17,992 + 3,781 - 7,807 19,631 U.S. Treasury securities 17,992 + 3,781 - 7,805 19,631 Federal agency debt securities 0 0 - 2 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 29, 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 292 19 0 0 0 ... 311 U.S. Treasury securities (1) Holdings 20,932 77,244 326,061 1,016,040 267,189 617,123 2,324,589 Weekly changes 0 0 + 1 + 7 + 18 + 24 + 49 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 0 144 42,637 1,654,224 1,697,006 Weekly changes 0 0 0 - 5 - 754 - 8,966 - 9,725 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 92 0 0 0 0 0 92 Reverse repurchase agreements (4) 232,432 0 ... ... ... ... 232,432 Term deposits 2,487 0 0 ... ... ... 2,487 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 29, 2018 Mortgage-backed securities held outright (1) 1,697,006 Commitments to buy mortgage-backed securities (2) 5,924 Commitments to sell mortgage-backed securities (2) 15 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 Aug 29, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,718 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 29, 2018 Wednesday Wednesday consolidation Aug 22, 2018 Aug 30, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,768 - 23 - 90 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,157,058 - 10,159 - 231,751 Securities held outright (1) 4,024,004 - 9,676 - 215,606 U.S. Treasury securities 2,324,589 + 49 - 140,711 Bills (2) 100 0 + 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) 21,891 + 49 + 3,130 Federal agency debt securities (2) 2,409 0 - 4,348 Mortgage-backed securities (4) 1,697,006 - 9,725 - 70,547 Unamortized premiums on securities held outright (5) 146,528 - 540 - 17,014 Unamortized discounts on securities held outright (5) -13,785 + 30 + 781 Repurchase agreements (6) 0 0 0 Loans 311 + 26 + 88 Net portfolio holdings of Maiden Lane LLC (7) 1,718 - 2 + 10 Items in process of collection (0) 76 + 22 + 20 Bank premises 2,183 0 - 21 Central bank liquidity swaps (8) 92 + 24 + 56 Foreign currency denominated assets (9) 21,098 + 18 - 396 Other assets (10) 18,685 + 217 - 1,274 Total assets (0) 4,218,914 - 9,904 - 233,446 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 29, 2018 Wednesday Wednesday consolidation Aug 22, 2018 Aug 30, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,633,269 + 5,879 + 109,794 Reverse repurchase agreements (11) 232,432 - 11,772 - 156,276 Deposits (0) 2,307,757 - 4,614 - 183,485 Term deposits held by depository institutions 2,487 + 2,487 + 2,487 Other deposits held by depository institutions 1,880,507 - 22,278 - 451,449 U.S. Treasury, General Account 345,255 + 10,263 + 278,378 Foreign official 5,257 + 1 + 92 Other (12) (0) 74,251 + 4,913 - 12,993 Deferred availability cash items (0) 574 + 296 - 659 Other liabilities and accrued dividends (13) 5,856 + 303 - 860 Total liabilities (0) 4,179,888 - 9,908 - 231,486 Capital accounts Capital paid in 32,202 + 6 + 1,215 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 39,027 + 6 - 1,960 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 29, 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 1,768 43 41 159 115 250 192 294 34 44 108 201 287 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,157,058 79,389 2,294,847 104,949 117,845 245,980 249,533 222,675 55,466 34,785 65,446 171,882 514,260 Securities held outright (1) 4,024,004 76,854 2,221,562 101,598 114,082 238,125 241,548 215,517 53,573 33,580 63,347 166,392 497,826 U.S. Treasury securities 2,324,589 44,397 1,283,353 58,691 65,903 137,560 139,538 124,500 30,948 19,399 36,595 96,121 287,584 Bills (2) 100 2 55 3 3 6 6 5 1 1 2 4 12 Notes and bonds (3) 2,324,489 44,395 1,283,298 58,688 65,900 137,554 139,532 124,495 30,947 19,398 36,593 96,117 287,572 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,697,006 32,411 936,879 42,846 48,111 100,422 101,866 90,888 22,593 14,161 26,715 70,171 209,944 Unamortized premiums on securities held outright (5) 146,528 2,799 80,895 3,700 4,154 8,671 8,796 7,848 1,951 1,223 2,307 6,059 18,128 Unamortized discounts on securities held outright (5) -13,785 -263 -7,610 -348 -391 -816 -827 -738 -184 -115 -217 -570 -1,705 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 311 0 1 0 0 0 17 48 126 97 9 1 11 Net portfolio holdings of Maiden Lane LLC (7) 1,718 0 1,718 0 0 0 0 0 0 0 0 0 0 Items in process of collection 76 0 0 0 0 0 75 0 0 0 0 0 0 Bank premises 2,183 109 442 76 118 195 203 197 106 95 233 219 189 Central bank liquidity swaps (8) 92 4 29 5 7 20 5 4 1 0 1 1 14 Foreign currency denominated assets (9) 21,098 898 6,652 1,198 1,703 4,557 1,219 894 304 97 209 261 3,105 Other assets (10) 18,685 386 9,784 463 532 1,291 1,111 972 445 204 349 876 2,272 Interdistrict settlement account 0 - 2,700 + 34,869 - 6,539 + 182 + 15,671 + 30,529 - 11,110 + 1,074 - 344 - 8,578 + 3,094 - 56,148 Total assets 4,218,914 78,690 2,353,826 100,872 121,284 269,149 285,013 215,089 57,915 35,170 58,228 177,721 465,957 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 29, 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 1,813,343 58,519 605,041 54,407 87,750 125,431 262,757 119,359 54,732 30,425 47,154 149,868 217,903 Less: Notes held by F.R. Banks 180,073 6,279 44,824 7,136 9,115 14,532 26,936 12,125 5,402 3,101 5,546 17,398 27,679 Federal Reserve notes, net 1,633,269 52,240 560,217 47,270 78,635 110,899 235,821 107,234 49,330 27,323 41,608 132,469 190,224 Reverse repurchase agreements (11) 232,432 4,439 128,320 5,868 6,590 13,754 13,952 12,449 3,094 1,940 3,659 9,611 28,755 Deposits 2,307,757 20,174 1,650,514 45,243 32,707 135,504 32,530 93,403 4,758 5,048 12,407 34,874 240,596 Term deposits held by depository institutions 2,487 25 785 1,000 7 0 0 170 0 0 0 0 500 Other deposits held by depository institutions 1,880,507 20,116 1,272,436 44,241 32,475 135,010 32,487 46,806 4,749 4,985 12,396 34,719 240,088 U.S. Treasury, General Account 345,255 0 345,255 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) 74,251 31 26,808 1 222 485 41 46,425 9 63 10 155 2 Deferred availability cash items 574 0 0 0 0 0 52 0 0 522 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,078 20 543 28 39 50 98 51 18 13 23 62 134 Other liabilities and accrued dividends 4,779 184 1,862 207 206 580 324 321 128 147 156 222 442 Total liabilities 4,179,888 77,056 2,341,456 98,617 118,177 260,787 282,776 213,458 57,328 34,993 57,852 177,237 460,150 Capital Capital paid in 32,202 1,343 10,219 1,868 2,556 6,887 1,842 1,342 489 146 308 399 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 4,218,914 78,690 2,353,826 100,872 121,284 269,149 285,013 215,089 57,915 35,170 58,228 177,721 465,957 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 29, 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 29, 2018 Federal Reserve notes outstanding 1,813,343 Less: Notes held by F.R. Banks not subject to collateralization 180,073 Federal Reserve notes to be collateralized 1,633,269 Collateral held against Federal Reserve notes 1,633,269 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,617,032 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,024,004 Less: Face value of securities under reverse repurchase agreements 233,532 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,790,472 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.