Board of Governors of the Federal Reserve System

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

Reserve Bank credit

 6,892,526

-   39,023

-  883,166

 6,882,943

Securities held outright1

 6,593,085

-   15,297

-  713,562

 6,587,564

U.S. Treasury securities

 4,325,345

-   14,727

-  517,455

 4,322,938

Bills2

   195,293

         0

-   35,973

   195,293

Notes and bonds, nominal2

 3,671,122

-   14,888

-  461,329

 3,668,652

Notes and bonds, inflation-indexed2

   341,360

         0

-   24,045

   341,360

Inflation compensation3

   117,569

+      161

+    3,891

   117,632

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,265,393

-      570

-  196,106

 2,262,279

Unamortized premiums on securities held outright5

   253,120

-      462

-   29,704

   252,815

Unamortized discounts on securities held outright5

   -24,169

-      182

+    2,453

   -24,085

Repurchase agreements6

         5

+        4

+        5

        11

Foreign official

         4

+        4

+        4

         8

Others

         1

         0

+        1

         3

Loans

    27,669

-    9,532

-  126,370

    26,234

Primary credit

     2,783

+      596

+      593

     2,747

Secondary credit

         0

         0

         0

         0

Seasonal credit

        52

-        2

+       31

        50

Paycheck Protection Program Liquidity Facility

     2,020

-       24

-    2,062

     2,014

Bank Term Funding Program

    22,814

-   10,102

-   90,788

    21,423

Other credit extensions7

         0

         0

-   34,144

         0

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

     9,971

-      174

-    6,914

     9,945

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,598

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-      381

         0

Float

      -307

-       12

-      100

      -303

Central bank liquidity swaps9

       132

+        4

-      105

       132

Other Federal Reserve assets10

    33,020

-   13,372

-    2,890

    30,629

Foreign currency denominated assets11

    17,797

-      163

-      270

    17,704

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    10,200

         0

+    5,000

    10,200

Treasury currency outstanding12

    53,019

+       14

+      658

    53,019

Total factors supplying reserve funds

 6,984,582

-   39,173

-  877,779

 6,974,906

Currency in circulation12

 2,358,718

-    2,742

+   30,596

 2,358,202

Reverse repurchase agreements13

   572,918

+   13,592

-  689,433

   600,142

Foreign official and international accounts

   380,033

-    3,521

+   51,291

   382,349

Others

   192,885

+   17,113

-  740,724

   217,793

Treasury cash holdings

       347

-        1

-       44

       353

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

   920,310

-   88,304

+   43,948

   902,915

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   751,873

-   80,313

+   45,856

   737,834

Foreign official

     9,683

+        1

-        4

     9,684

Other14

   158,754

-    7,992

-    1,904

   155,397

Treasury contributions to credit facilities15

     4,958

         0

-    5,789

     4,958

Other liabilities and capital16

  -159,554

-    4,453

-   90,090

  -158,983

Total factors, other than reserve balances,
absorbing reserve funds

 3,697,697

-   81,909

-  710,811

 3,707,587

Reserve balances with Federal Reserve Banks

 3,286,885

+   42,736

-  166,968

 3,267,319

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.

Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Includes bank premises, accrued interest, and other accounts receivable.

11.

Revalued daily at current foreign currency exchange rates.

12.

Estimated.

13.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

14.

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.

15.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

16.

Includes the liability for earnings remittances due to the U.S. Treasury.

Securities held in custody for foreign official and international accounts

 3,320,549

-    7,656

-   87,115

 3,315,653

Marketable U.S. Treasury securities1

 2,930,015

-   10,294

-   42,978

 2,928,799

Federal agency debt and mortgage-backed securities2

   302,370

+    2,918

-   48,627

   298,652

Other securities3

    88,164

-      280

+    4,490

    88,202

Securities lent to dealers

    31,867

-    4,626

-    3,374

    35,945

Overnight facility4

    31,867

-    4,626

-    3,374

    35,945

U.S. Treasury securities

    31,867

-    4,626

-    3,374

    35,945

Federal agency debt securities

         0

         0

         0

         0

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.

Loans1

     1,609

    22,054

       931

     1,640

         0

...

    26,234

U.S. Treasury securities2

Holdings

    49,439

   232,067

   458,822

 1,499,158

   548,983

 1,534,468

 4,322,938

Weekly changes

-   24,777

+   26,092

-   27,192

+   46,940

-   44,314

+    6,127

-   17,122

Federal agency debt securities3

Holdings

         0

         0

         0

       486

     1,861

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         1

        14

     6,094

    24,113

 2,232,058

 2,262,279

Weekly changes

         0

         0

         0

-       19

+       20

-    3,683

-    3,684

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

        46

     1,481

     3,405

...

...

     4,932

Repurchase agreements6

        11

         0

...

...

...

...

        11

Central bank liquidity swaps7

       132

         0

         0

         0

         0

         0

       132

Reverse repurchase agreements6

   600,142

         0

...

...

...

...

   600,142

Term deposits

         0

         0

         0

...

...

...

         0

1.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF), Bank Term Funding Program, and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles.

2.

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.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Book value of the loan participations held by the MS Facilities 2020 LLC.

6.

Cash value of agreements.

7.

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.

Mortgage-backed securities held outright1

 2,262,279

Residential mortgage-backed securities

 2,254,184

Commercial mortgage-backed securities

     8,095

Commitments to buy mortgage-backed securities2

        15

Commitments to sell mortgage-backed securities2

        77

Cash and cash equivalents3

         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. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

MS Facilities 2020 LLC (Main Street Lending Program)

     3,821

     4,353

     5,592

     9,945

1.

Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.

2.

Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses, updated as of September 30, 2024.

3.

Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Refer to the note on consolidation accompanying table 6.

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

    10,200

         0

+    5,000

Coin

     1,450

-       17

+       44

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

 6,842,540

-   26,675

-  872,808

Securities held outright1

 6,587,564

-   20,806

-  717,314

U.S. Treasury securities

 4,322,938

-   17,122

-  519,998

Bills2

   195,293

         0

-   35,973

Notes and bonds, nominal2

 3,668,652

-   17,294

-  463,799

Notes and bonds, inflation-indexed2

   341,360

         0

-   24,045

Inflation compensation3

   117,632

+      171

+    3,818

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,262,279

-    3,684

-  197,316

Unamortized premiums on securities held outright5

   252,815

-      627

-   29,684

Unamortized discounts on securities held outright5

   -24,085

-      161

+    2,412

Repurchase agreements6

        11

+        5

+       11

Loans7

    26,234

-    5,087

-  128,233

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

     9,945

-      208

-    6,632

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,601

Net portfolio holdings of TALF II LLC8

         0

         0

-      382

Items in process of collection

(0)

        84

+        7

-       14

Bank premises

       496

+       74

+       58

Central bank liquidity swaps9

       132

+        4

-      105

Foreign currency denominated assets10

    17,704

-       50

-      335

Other assets11

    30,143

-   16,512

-    6,309

Total assets

(0)

 6,923,731

-   43,377

-  887,083

Liabilities

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

 2,306,983

-    3,172

+   26,335

Reverse repurchase agreements12

   600,142

-   27,982

-  671,537

Deposits

(0)

 4,170,244

-    7,968

-  146,102

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,267,329

+   75,281

-  187,734

U.S. Treasury, General Account

   737,834

-   71,023

+   44,827

Foreign official

     9,684

+        2

-        1

Other13

(0)

   155,397

-   12,227

-    3,194

Deferred availability cash items

(0)

       387

-       13

-       64

Treasury contributions to credit facilities14

     4,958

         0

-    5,353

Other liabilities and accrued dividends15

  -202,621

-    4,242

-   91,225

Total liabilities

(0)

 6,880,093

-   43,377

-  887,946

Capital accounts

Capital paid in

    36,853

         0

+      862

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,638

         0

+      862

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.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Revalued daily at current foreign currency exchange rates.

11.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

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.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

Assets

Gold certificates and special drawing rights certificates

    21,237

       729

     6,619

       657

       997

     1,557

     2,999

     1,417

       635

       355

       599

     1,786

     2,887

Coin

     1,450

        53

        49

       167

        40

       193

       103

       247

        30

        56

        95

       183

       233

Securities, unamortized premiums and discounts, repurchase agreements,
and loans1

 6,842,540

   143,278

 3,670,231

   101,925

   267,282

   681,722

   457,954

   377,732

    96,132

    44,809

    77,235

   302,822

   621,418

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

     9,945

     9,945

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       132

         6

        46

         5

        14

        26

         4

         6

         3

         1

         1

         3

        17

Foreign currency denominated

assets4

    17,704

       739

     6,123

       623

     1,883

     3,493

       580

       869

       399

       111

       193

       426

     2,266

Other assets5

    30,723

       764

    13,914

       545

     1,199

     3,275

     2,933

     1,672

       778

       441

       732

     1,592

     2,880

Interdistrict settlement account

         0

+    9,073

-   73,898

+   40,763

-    6,970

-   24,343

+    4,678

-   34,233

+   11,843

+    6,813

-   12,123

+   11,542

+   66,857

Total assets

 6,923,731

   164,586

 3,623,083

   144,685

   264,446

   665,923

   469,252

   347,709

   109,820

    52,585

    66,732

   318,354

   696,558

Liabilities

Federal Reserve notes, net

 2,306,983

    85,158

   754,355

    55,230

   114,302

   167,371

   359,953

   105,024

    77,686

    30,115

    29,031

   200,864

   327,894

Reverse repurchase agreements6

   600,142

    12,483

   322,960

     8,941

    23,403

    59,821

    40,152

    33,120

     8,398

     3,749

     6,599

    26,208

    54,307

Deposits

 4,170,244

    62,856

 2,656,456

    81,801

   131,226

   463,073

    66,846

   221,833

    22,558

    18,570

    31,202

    91,204

   322,620

Depository institutions

 3,267,329

    62,846

 1,854,240

    81,799

   131,191

   462,582

    66,818

   121,935

    22,553

    18,513

    31,173

    91,097

   322,583

U.S. Treasury, General Account

   737,834

         0

   737,834

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,684

         2

     9,658

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   155,397

         8

    54,725

         0

        32

       483

        26

    99,896

         4

        57

        28

       107

        32

Earnings remittances due to the U.S. Treasury8

  -210,472

    -4,095

  -128,316

    -3,040

    -9,388

   -33,892

        87

   -14,914

         6

      -267

      -786

    -1,425

   -14,443

Treasury contributions to credit facilities9

     4,958

     4,958

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     8,239

     1,372

     2,745

       227

       324

       983

       733

       442

       179

       137

       201

       255

       640

Total liabilities

 6,880,093

   162,732

 3,608,201

   143,159

   259,867

   657,356

   467,770

   345,506

   108,827

    52,304

    66,246

   317,106

   691,019

Capital

Capital paid in

    36,853

     1,571

    12,536

     1,287

     3,857

     7,228

     1,260

     1,870

       840

       238

       412

     1,085

     4,670

Surplus

     6,785

       283

     2,346

       239

       722

     1,339

       222

       333

       153

        42

        74

       163

       869

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

 6,923,731

   164,586

 3,623,083

   144,685

   264,446

   665,923

   469,252

   347,709

   109,820

    52,585

    66,732

   318,354

   696,558

1.

Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between

the purchase price and the face value of the securities that have not been amortized.  For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,

amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

2.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3.

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.

4.

Revalued daily at current foreign currency exchange rates.

5.

Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.

6.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7.

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.

8.

The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.

9.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities 2020 LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities 2020 LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.

The FRBNY is the managing member of MLF LLC and TALF II LLC. The FRBB is the managing member of MS Facilities 2020 LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

Federal Reserve notes outstanding

 2,784,137

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

   477,154

Federal Reserve notes to be collateralized

 2,306,983

Collateral held against Federal Reserve notes

 2,306,983

Gold certificate account

    11,037

Special drawing rights certificate account

    10,200

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

 2,285,746

Other assets pledged

         0

Memo:

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

 6,587,575

Less: Face value of securities under reverse repurchase agreements

   659,570

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

 5,928,005

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.