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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

October 3, 2019

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 2, 2019

Week ended
Oct 2, 2019

Change from week ended

Sep 25, 2019

Oct 3, 2018

Reserve Bank credit

3,892,425

+   83,910

-  253,339

3,906,708

Securities held outright1

3,582,324

-    5,666

-  406,926

3,586,738

U.S. Treasury securities

2,112,718

+    5,313

-  192,348

2,117,130

Bills2

     6,002

         0

+    5,902

     6,002

Notes and bonds, nominal2

1,963,674

+    4,726

-  203,782

1,967,364

Notes and bonds, inflation-indexed2

   118,680

+      534

+    3,101

   119,392

Inflation compensation3

    24,363

+       54

+    2,432

    24,372

Federal agency debt securities2

     2,347

         0

-       62

     2,347

Mortgage-backed securities4

1,467,258

-   10,980

-  214,517

1,467,260

Unamortized premiums on securities held outright5

   127,088

-      478

-   17,716

   127,155

Unamortized discounts on securities held outright5

   -12,686

+       40

+      983

   -12,646

Repurchase agreements6

   171,800

+   89,550

+  171,800

   181,050

Loans

        98

+        3

-      229

       114

Primary credit

         9

+        5

-       66

        31

Secondary credit

         0

         0

         0

         0

Seasonal credit

        90

         0

-      162

        82

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

         0

         0

-        7

         0

Float

      -592

-      463

+       37

      -437

Central bank liquidity swaps8

       973

+      931

+      899

       973

Other Federal Reserve assets9

    23,420

-        7

-    2,180

    23,762

Foreign currency denominated assets10

    20,557

-       60

-      315

    20,699

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,081

+       14

+      390

    50,081

Total factors supplying reserve funds

3,979,304

+   83,864

-  253,264

3,993,729

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 2, 2019

Week ended
Oct 2, 2019

Change from week ended

Sep 25, 2019

Oct 3, 2018

Currency in circulation11

1,762,882

+    1,141

+   76,240

1,765,667

Reverse repurchase agreements12

   291,981

-    2,110

+   35,508

   288,618

Foreign official and international accounts

   287,125

-    1,912

+   57,192

   285,564

Others

     4,855

-      199

-   21,685

     3,054

Treasury cash holdings

       181

+       11

-       34

       189

Deposits with F.R. Banks, other than reserve balances

   410,510

+   16,459

-   33,193

   408,227

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   335,171

+   20,982

-   32,836

   335,185

Foreign official

     5,186

+        1

-       70

     5,186

Other13

    70,153

-    4,524

-      287

    67,856

Other liabilities and capital14

    44,551

-      665

+      592

    44,317

Total factors, other than reserve balances,
absorbing reserve funds

2,510,105

+   14,836

+   79,113

2,507,018

Reserve balances with Federal Reserve Banks

1,469,200

+   69,029

-  332,376

1,486,710

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 the note on consolidation accompanying table 5.

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
Oct 2, 2019

Week ended
Oct 2, 2019

Change from week ended

Sep 25, 2019

Oct 3, 2018

Securities held in custody for foreign official and international accounts

3,441,427

-   17,136

+    5,310

3,436,380

Marketable U.S. Treasury securities1

2,999,367

-   16,025

-   61,427

2,994,386

Federal agency debt and mortgage-backed securities2

   359,681

-    1,490

+   52,862

   359,529

Other securities3

    82,379

+      380

+   13,875

    82,465

Securities lent to dealers

    31,852

-       14

+   13,530

    31,587

Overnight facility4

    31,852

-       14

+   13,530

    31,587

U.S. Treasury securities

    31,852

-       14

+   13,530

    31,587

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, 4, and 5.

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, October 2, 2019

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans

        62

        51

         0

         0

         0

...

       114

U.S. Treasury securities1

Holdings

       128

    77,461

   267,176

   848,695

   302,345

   621,326

2,117,130

Weekly changes

-   12,957

+   10,893

-    2,266

+    9,010

+    4,739

+       30

+    9,447

Federal agency debt securities2

Holdings

         0

         0

         0

         0

       486

     1,861

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities3

Holdings

         0

         0

         9

       640

    75,947

1,390,663

1,467,260

Weekly changes

         0

         0

+        2

-        2

         0

+        3

+        3

Repurchase agreements4

   181,050

         0

...

...

...

...

   181,050

Central bank liquidity swaps5

       973

         0

         0

         0

         0

         0

       973

Reverse repurchase agreements4

   288,618

         0

...

...

...

...

   288,618

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

Oct 2, 2019

Mortgage-backed securities held outright1

1,467,260

Commitments to buy mortgage-backed securities2

     6,213

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        19

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 4 and table 5.



4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 2, 2019

Change since

Wednesday

Wednesday

Sep 25, 2019

Oct 3, 2018

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,702

+        4

-       60

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,882,410

+   85,581

-  227,432

Securities held outright1

3,586,738

+    9,451

-  391,656

U.S. Treasury securities

2,117,130

+    9,447

-  177,080

Bills2

     6,002

         0

+    5,902

Notes and bonds, nominal2

1,967,364

+    8,159

-  189,231

Notes and bonds, inflation-indexed2

   119,392

+    1,246

+    3,813

Inflation compensation3

    24,372

+       42

+    2,436

Federal agency debt securities2

     2,347

         0

-       62

Mortgage-backed securities4

1,467,260

+        3

-  214,515

Unamortized premiums on securities held outright5

   127,155

-        6

-   17,555

Unamortized discounts on securities held outright5

   -12,646

+       68

+    1,012

Repurchase agreements6

   181,050

+   76,050

+  181,050

Loans

       114

+       18

-      283

Net portfolio holdings of Maiden Lane LLC7

         0

         0

-        7

Items in process of collection

(0)

        49

-        4

-       85

Bank premises

     2,183

-        7

+        4

Central bank liquidity swaps8

       973

+      931

+      899

Foreign currency denominated assets9

    20,699

+      137

-       83

Other assets10

    21,579

+    1,474

-    2,107

Total assets

(0)

3,945,831

+   88,116

-  228,873

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 2, 2019

Change since

Wednesday

Wednesday

Sep 25, 2019

Oct 3, 2018

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,717,473

+    2,740

+   75,371

Reverse repurchase agreements11

   288,618

-    1,923

+   58,571

Deposits

(0)

1,894,938

+   87,302

-  363,537

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,486,710

+   59,421

-  350,877

U.S. Treasury, General Account

   335,185

+   29,375

-   15,096

Foreign official

     5,186

-        1

-       71

Other12

(0)

    67,856

-    1,495

+    2,506

Deferred availability cash items

(0)

       486

+      351

+      160

Other liabilities and accrued dividends13

     5,005

-      382

+      360

Total liabilities

(0)

3,906,519

+   88,086

-  229,075

Capital accounts

Capital paid in

    32,487

+       30

+      203

Surplus

     6,825

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    39,312

+       30

+      203

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 the note on consolidation accompanying table 5.

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.


5. Statement of Condition of Each Federal Reserve Bank, October 2, 2019

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

       351

     3,707

       327

       531

       754

     1,560

       711

       328

       186

       292

       890

     1,400

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,702

        47

        49

       150

       105

       217

       180

       285

        33

        45

       110

       194

       288

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,882,410

    80,543

2,118,067

    94,016

   113,611

   237,583

   265,457

   203,792

    55,817

    33,639

    57,569

   168,574

   453,742

Securities held outright1

3,586,738

    74,411

1,956,819

    86,859

   104,939

   219,496

   245,236

   188,273

    51,551

    31,037

    53,186

   155,740

   419,192

U.S. Treasury securities

2,117,130

    43,922

1,155,044

    51,270

    61,942

   129,561

   144,755

   111,131

    30,429

    18,320

    31,394

    91,928

   247,435

Bills2

     6,002

       125

     3,275

       145

       176

       367

       410

       315

        86

        52

        89

       261

       701

Notes and bonds3

2,111,128

    43,798

1,151,770

    51,124

    61,766

   129,194

   144,344

   110,816

    30,342

    18,268

    31,305

    91,668

   246,733

Federal agency debt securities2

     2,347

        49

     1,280

        57

        69

       144

       160

       123

        34

        20

        35

       102

       274

Mortgage-backed securities4

1,467,260

    30,440

   800,494

    35,532

    42,928

    89,791

   100,321

    77,018

    21,088

    12,697

    21,757

    63,710

   171,483

Unamortized premiums on securities  held outright5

   127,155

     2,638

    69,372

     3,079

     3,720

     7,781

     8,694

     6,675

     1,828

     1,100

     1,885

     5,521

    14,861

Unamortized discounts on securities  held outright5

   -12,646

      -262

    -6,899

      -306

      -370

      -774

      -865

      -664

      -182

      -109

      -188

      -549

    -1,478

Repurchase agreements6

   181,050

     3,756

    98,776

     4,384

     5,297

    11,080

    12,379

     9,504

     2,602

     1,567

     2,685

     7,861

    21,160

Loans

       114

         0

         0

         0

        25

         0

        13

         5

        18

        45

         1

         0

         7

Net portfolio holdings of Maiden

Lane LLC7

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        49

         0

         0

         0

         0

         0

        48

         0

         0

         0

         0

         0

         0

Bank premises

     2,183

       107

       455

        82

       116

       191

       204

       192

       102

        94

       228

       222

       190

Central bank liquidity swaps8

       973

        42

       309

        56

        78

       207

        57

        41

        15

         5

         9

        12

       143

Foreign currency denominated

assets9

    20,699

       887

     6,632

     1,191

     1,645

     4,394

     1,198

       860

       314

        98

       200

       255

     3,025

Other assets10

    21,579

       465

    11,381

       519

       643

     1,530

     1,465

     1,108

       382

       249

       397

       939

     2,500

Interdistrict settlement account

         0

+   11,339

-  170,264

-   13,738

+    6,893

+   22,725

+   38,250

+   22,757

+    7,450

+    4,271

+    4,085

+   27,909

+   38,324

Total assets

3,945,831

    93,977

1,972,154

    82,813

   123,859

   268,012

   309,073

   230,169

    64,590

    38,677

    63,043

   199,278

   500,185

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


5. Statement of Condition of Each Federal Reserve Bank, October 2, 2019 (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

1,931,285

    57,995

   641,378

    55,510

    91,293

   131,697

   272,694

   124,383

    56,784

    31,197

    50,650

   160,702

   257,002

Less: Notes held by F.R. Banks

   213,812

     6,797

    53,035

     9,475

     9,984

    16,497

    30,341

    14,544

     6,321

     3,583

     8,142

    21,326

    33,768

Federal Reserve notes, net

1,717,473

    51,198

   588,343

    46,036

    81,308

   115,200

   242,353

   109,840

    50,463

    27,614

    42,508

   139,376

   223,233

Reverse repurchase agreements11

   288,618

     5,988

   157,461

     6,989

     8,444

    17,662

    19,734

    15,150

     4,148

     2,497

     4,280

    12,532

    33,732

Deposits

1,894,938

    34,834

1,210,990

    28,063

    30,657

   126,492

    44,189

   103,361

     9,208

     7,717

    15,704

    46,621

   237,102

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

1,486,710

    34,825

   849,478

    28,061

    30,623

   125,881

    44,153

    57,648

     9,204

     7,621

    15,676

    46,445

   237,096

U.S. Treasury, General Account

   335,185

         0

   335,185

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,186

         2

     5,159

         2

         3

         9

         2

         2

         1

         0

         0

         0

         6

Other12

    67,856

         7

    21,168

         1

        31

       602

        33

    45,712

         3

        97

        28

       176

         0

Deferred availability cash items

       486

         0

         0

         0

         0

         0

        50

         0

         0

       436

         0

         0

         0

Earnings remittances due to the U.S. Treasury13

       961

         8

       591

        20

        10

        -1

        99

        48

        16

        11

        15

        62

        82

Other liabilities and accrued
dividends

     4,044

       162

     1,551

       168

       187

       488

       284

       263

       141

       141

       142

       208

       310

Total liabilities

3,906,519

    92,190

1,958,936

    81,276

   120,607

   259,841

   306,708

   228,662

    63,975

    38,417

    62,649

   198,799

   494,459

Capital

Capital paid in

    32,487

     1,494

    11,053

     1,142

     2,707

     6,716

     1,969

     1,222

       511

       228

       328

       394

     4,724

Surplus

     6,825

       294

     2,166

       394

       545

     1,455

       397

       285

       104

        32

        66

        84

     1,002

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,945,831

    93,977

1,972,154

    82,813

   123,859

   268,012

   309,073

   230,169

    64,590

    38,677

    63,043

   199,278

   500,185

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


5. Statement of Condition of Each Federal Reserve Bank, October 2, 2019 (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 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 and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. 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 4), 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 4).

6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Oct 2, 2019

Federal Reserve notes outstanding

1,931,285

Less: Notes held by F.R. Banks not subject to collateralization

   213,812

Federal Reserve notes to be collateralized

1,717,473

Collateral held against Federal Reserve notes

1,717,473

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,701,236

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

3,767,788

Less: Face value of securities under reverse repurchase agreements

   277,288

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,490,499

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.


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