What is on the Federal Reserve balance sheet?

Total assets are everything the Federal Reserve Banks hold, as the H.4.1's statement of condition adds it up.

Securities held outright are the US Treasury securities, federal agency debt securities and mortgage-backed securities the Federal Reserve owns, at face value, with the inflation compensation of Treasury inflation-protected securities.

Reserve balances are the balances that depository institutions (banks, savings institutions and credit unions) hold in their accounts at the Federal Reserve Banks.

The Treasury General Account is the US Treasury's account at the Federal Reserve, from which the government makes its payments and into which its receipts go.

Repurchase agreements are the Federal Reserve's purchases of securities under an agreement to sell them back, in effect loans secured by those securities.

Reverse repurchase agreements are the Federal Reserve's sales of securities under an agreement to buy them back, in effect borrowing secured by those securities: a liability of the Federal Reserve Banks.

Reserve Bank credit is the securities, repurchase agreements, loans and swaps the Federal Reserve Banks hold or have extended, with their premiums and other assets: the part of the balance sheet the H.4.1 counts as supplying reserve funds.

Treasury bills are the Treasury's shortest securities, which mature in a year or less; this is the face value the Federal Reserve owns.

Treasury notes and bonds, nominal, are the Treasury's longer securities whose payments are not tied to inflation; this is the face value the Federal Reserve owns.

Treasury notes and bonds, inflation-indexed, are Treasury inflation-protected securities; this is the face value the Federal Reserve owns, before inflation compensation.

Inflation compensation is the amount by which the principal of the Federal Reserve's inflation-protected securities has been raised for inflation since they were issued.

Federal agency debt securities are debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks that the Federal Reserve owns.

Mortgage-backed securities are securities backed by pools of home loans, guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae, that the Federal Reserve owns.

Unamortized premiums are what the Federal Reserve paid above face value for securities held outright, not yet written off.

Repurchase agreements with foreign official accounts are the Federal Reserve's repurchase agreements with foreign central banks and international institutions.

Repurchase agreements with others are the Federal Reserve's repurchase agreements with banks, primary dealers and other counterparties that are not foreign official accounts.

Loans are the credit the Federal Reserve Banks have extended to banks and other eligible borrowers, through the discount window and its other lending programs.

Primary credit is discount window lending to banks in sound financial condition.

Secondary credit is discount window lending to banks that do not qualify for primary credit.

Seasonal credit is discount window lending to small banks whose funding needs swing with the seasons.

Central bank liquidity swaps are dollars the Federal Reserve has lent to foreign central banks in exchange for their own currencies.

Foreign currency denominated assets are the foreign currencies the Federal Reserve holds and the securities it has bought with them.

Other assets are the assets the statement of condition does not list on a line of their own.

The gold stock is the gold the Treasury owns, valued at its official price of $42.22 an ounce; the Treasury has issued gold certificates to the Federal Reserve Banks against it.

The special drawing rights certificate account holds the certificates the Treasury has issued to the Federal Reserve Banks against its holdings of International Monetary Fund special drawing rights.

Treasury currency outstanding is the coin and other money the Treasury, not the Federal Reserve, has issued.

Total factors supplying reserve funds is Reserve Bank credit with foreign currency denominated assets, the gold stock, the special drawing rights certificate account and Treasury currency outstanding.

The tables give each line's level on the Wednesday in millions of dollars, as the Board publishes it; the sentences and the chart round it to three figures, or to whole millions under a billion.