FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 20, 2017

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 19, 2017 Jul 12, 2017 Jul 20, 2016

Wednesday

Jul 19, 2017

Reserve Bank credit 4,440,435 + 13,701 + 1,154 4,437,463

Securities held outright1 4,255,238 + 11,749 + 15,127 4,252,637

U.S. Treasury securities 2,465,136 + 24 + 2,524 2,465,145

Bills2 0 0 0 0

Notes and bonds, nominal2 2,338,157 + 548 - 3,526 2,338,887

Notes and bonds, inflation-indexed2 108,270 - 464 + 4,235 107,651

Inflation compensation3 18,710 - 59 + 1,816 18,607

Federal agency debt securities2 8,097 0 - 15,439 8,097

Mortgage-backed securities4 1,782,005 + 11,724 + 28,042 1,779,394

Unamortized premiums on securities held outright5 165,808 + 186 - 14,549 165,633

Unamortized discounts on securities held outright5 -14,684 + 35 + 1,125 -14,669

Repurchase agreements6 0 0 0 0

Loans 167 + 13 - 68 218

Primary credit 8 - 7 - 48 51

Secondary credit 0 0 0 0

Seasonal credit 159 + 20 - 20 167

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,709 0 - 3 1,710

Float -303 - 30 + 41 -383

Central bank liquidity swaps8 41 - 15 - 144 41

Other Federal Reserve assets9 32,458 + 1,763 - 376 32,276

Foreign currency denominated assets10 20,824 + 170 - 81 20,931

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding11 49,002 + 14 + 889 49,002

Total factors supplying reserve funds 4,526,502 + 13,885 + 1,962 4,523,637

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 19, 2017 Jul 12, 2017 Jul 20, 2016

Wednesday

Jul 19, 2017

Currency in circulation11 1,561,902 - 3,054 + 99,554 1,561,884

Reverse repurchase agreements12 383,480 - 44,598 + 74,091 392,660

Foreign official and international accounts 241,257 - 1,063 - 11,518 247,929

Others 142,223 - 43,534 + 85,609 144,731

Treasury cash holdings 169 - 10 + 106 162

Deposits with F.R. Banks, other than reserve balances 277,990 + 26,938 - 99,187 270,580

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 180,400 + 9,367 - 148,750 189,282

Foreign official 5,168 + 3 - 32 5,164

Other13 92,422 + 17,569 + 49,595 76,133

Other liabilities and capital14 48,870 + 1,287 + 960 47,704

Total factors, other than reserve balances,

absorbing reserve funds 2,272,410 - 19,438 + 75,523 2,272,991

Reserve balances with Federal Reserve Banks 2,254,092 + 33,323 - 73,562 2,250,646

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, and designated

financial market utilities. 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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jul 19, 2017 Jul 12, 2017 Jul 20, 2016

Wednesday

Jul 19, 2017

Securities held in custody for foreign official and international

accounts 3,319,334 - 3,253 + 90,887 3,315,384

Marketable U.S. Treasury securities1 2,996,750 - 2,772 + 91,651 2,993,505

Federal agency debt and mortgage-backed securities2 260,659 - 114 - 5,737 260,413

Other securities3 61,925 - 366 + 4,974 61,466

Securities lent to dealers 23,203 - 862 + 2,048 19,512

Overnight facility4 23,203 - 862 + 2,048 19,512

U.S. Treasury securities 23,203 - 862 + 2,059 19,512

Federal agency debt securities 0 0 - 11 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, July 19, 2017

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 206 12 0 0 0 ... 218

U.S. Treasury securities1

Holdings 11,794 32,799 276,684 1,152,629 357,347 633,892 2,465,145

Weekly changes + 10,516 - 11,794 + 1,106 - 176 + 84 + 288 + 24

Federal agency debt securities2

Holdings 0 1,340 4,348 62 0 2,347 8,097

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 800 11,536 1,767,059 1,779,394

Weekly changes 0 0 0 + 176 + 120 + 8,819 + 9,113

Repurchase agreements4 0 0 ... ... ... ... 0

Central bank liquidity swaps5 41 0 0 0 0 0 41

Reverse repurchase agreements4 392,660 0 ... ... ... ... 392,660

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jul 19, 2017

Mortgage-backed securities held outright1 1,779,394

Commitments to buy mortgage-backed securities2 21,285

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 9

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

Wednesday Account name Jul 19, 2017

Net portfolio holdings of Maiden Lane LLC1 1,710

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 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. Revalued quarterly. This table reflects valuations as of March 31, 2017. Any assets purchased after this

valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 19, 2017 Jul 12, 2017 Jul 20, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,821 + 16 - 75

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,403,819 + 9,334 - 3,392

Securities held outright1 4,252,637 + 9,139 + 10,239

U.S. Treasury securities 2,465,145 + 24 + 2,493

Bills2 0 0 0

Notes and bonds, nominal2 2,338,887 + 1,278 - 3,317

Notes and bonds, inflation-indexed2 107,651 - 1,083 + 4,055

Inflation compensation3 18,607 - 171 + 1,755

Federal agency debt securities2 8,097 0 - 14,395

Mortgage-backed securities4 1,779,394 + 9,113 + 22,140

Unamortized premiums on securities held outright5 165,633 + 89 - 14,766

Unamortized discounts on securities held outright5 -14,669 + 40 + 1,117

Repurchase agreements6 0 0 0

Loans 218 + 67 + 18

Net portfolio holdings of Maiden Lane LLC7 1,710 + 1 - 3

Items in process of collection (0) 68 + 6 - 172

Bank premises 2,197 + 1 - 17

Central bank liquidity swaps8 41 - 14 - 144

Foreign currency denominated assets9 20,931 + 221 + 142

Other assets10 30,079 + 635 - 409

Total assets (0) 4,476,903 + 10,201 - 4,070

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 19, 2017 Jul 12, 2017 Jul 20, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,514,860 - 2,949 + 98,255

Reverse repurchase agreements11 392,660 - 27,236 + 64,344

Deposits (0) 2,521,226 + 39,913 - 167,021

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,250,646 + 11,695 - 67,605

U.S. Treasury, General Account 189,282 + 27,126 - 137,856

Foreign official 5,164 - 1 - 55

Other12 (0) 76,133 + 1,093 + 38,494

Deferred availability cash items (0) 451 - 62 + 69

Other liabilities and accrued dividends13 6,857 + 532 - 475

Total liabilities (0) 4,436,056 + 10,201 - 4,825

Capital accounts

Capital paid in 30,847 0 + 755

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,847 0 + 755

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, and designated

financial market utilities. 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.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 19, 2017

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,821 44 49 170 128 260 204 282 27 50 112 191 303

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,403,819 85,798 2,479,632 113,699 127,700 258,009 259,216 185,242 58,757 34,415 62,461 176,342 562,546

Securities held outright1 4,252,637 82,857 2,394,625 109,801 123,323 249,164 250,326 178,860 56,708 33,156 60,312 170,246 543,258

U.S. Treasury securities 2,465,145 48,030 1,388,103 63,649 71,487 144,434 145,108 103,681 32,872 19,220 34,961 98,687 314,913

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 2,465,145 48,030 1,388,103 63,649 71,487 144,434 145,108 103,681 32,872 19,220 34,961 98,687 314,913

Federal agency debt securities2 8,097 158 4,559 209 235 474 477 341 108 63 115 324 1,034

Mortgage-backed securities4 1,779,394 34,669 1,001,962 45,943 51,601 104,256 104,742 74,839 23,728 13,873 25,236 71,234 227,311

Unamortized premiums on securities 

held outright5 165,633 3,227 93,267 4,277 4,803 9,705 9,750 6,966 2,209 1,291 2,349 6,631 21,159

Unamortized discounts on securities 

held outright5 -14,669 -286 -8,260 -379 -425 -859 -863 -617 -196 -114 -208 -587 -1,874

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 218 0 0 0 0 0 4 33 36 82 8 53 2

Net portfolio holdings of Maiden

Lane LLC7 1,710 0 1,710 0 0 0 0 0 0 0 0 0 0

Items in process of collection 68 0 0 0 0 0 68 0 0 0 0 0 0

Bank premises 2,197 119 441 72 115 200 203 199 111 88 236 220 192

Central bank liquidity swaps8 41 2 13 2 3 9 2 2 0 0 0 1 6

Foreign currency denominated

assets9 20,931 907 6,704 1,125 1,705 4,523 1,221 876 229 88 203 268 3,082

Other assets10 30,079 636 16,461 775 880 1,949 1,783 1,266 483 257 496 1,262 3,828

Interdistrict settlement account 0 - 4,889 - 2,322 - 4,437 - 6,053 - 7,507 - 7,793 + 45,705 - 606 + 1,903 + 4,637 + 3,419 - 22,056

Total assets 4,476,903 83,162 2,508,098 111,965 125,268 258,631 257,079 234,733 59,492 37,084 68,592 182,901 549,897

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 19, 2017 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,689,706 56,939 534,641 55,720 85,940 122,103 224,838 115,569 52,594 31,407 48,729 142,512 218,716

Less: Notes held by F.R. Banks 174,846 6,039 45,057 7,005 9,998 13,168 27,538 11,242 5,354 2,774 5,499 16,041 25,129

Federal Reserve notes, net 1,514,860 50,900 489,584 48,716 75,941 108,935 197,300 104,326 47,240 28,633 43,230 126,470 193,586

Reverse repurchase agreements11 392,660 7,650 221,104 10,138 11,387 23,006 23,113 16,515 5,236 3,061 5,569 15,719 50,161

Deposits 2,521,226 22,656 1,780,931 50,664 34,337 117,242 33,821 111,787 6,404 4,679 19,236 39,923 299,545

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 2,250,646 22,652 1,567,508 50,662 34,334 117,104 33,812 54,803 6,400 4,679 19,235 39,922 299,537

U.S. Treasury, General Account 189,282 0 189,282 0 0 0 0 0 0 0 0 0 0

Foreign official 5,164 2 5,137 2 3 9 2 2 0 0 0 1 6

Other12 76,133 3 19,004 0 0 130 7 56,983 3 0 1 1 1

Deferred availability cash items 451 0 0 0 0 0 59 0 0 392 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,663 40 859 47 64 125 119 64 25 14 23 72 212

Other liabilities and accrued

dividends 5,194 162 2,569 189 190 466 308 294 134 134 131 204 413

Total liabilities 4,436,056 81,408 2,495,047 109,755 121,919 249,775 254,720 232,986 59,039 36,912 68,190 182,388 543,916

Capital

Capital paid in 30,847 1,321 9,848 1,672 2,535 6,696 1,775 1,329 344 129 305 385 4,509

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,476,903 83,162 2,508,098 111,965 125,268 258,631 257,079 234,733 59,492 37,084 68,592 182,901 549,897

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 19, 2017 (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, and designated financial market utilities. 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 $10 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).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jul 19, 2017

Federal Reserve notes outstanding 1,689,706

Less: Notes held by F.R. Banks not subject to collateralization 174,846

Federal Reserve notes to be collateralized 1,514,860

Collateral held against Federal Reserve notes 1,514,860

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,498,623

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,252,637

Less: Face value of securities under reverse repurchase agreements 378,416

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,874,221

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.