FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 9, 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

Feb 8, 2017 Feb 1, 2017 Feb 10, 2016

Wednesday

Feb 8, 2017

Reserve Bank credit 4,416,724 + 1,635 - 29,756 4,417,599

Securities held outright1 4,224,252 + 15 - 12,455 4,224,258

U.S. Treasury securities 2,463,432 - 4 + 2,223 2,463,436

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,382 - 589 - 5,257 2,341,382

Notes and bonds, inflation-indexed2 104,930 + 588 + 6,396 104,930

Inflation compensation3 17,120 - 3 + 1,083 17,124

Federal agency debt securities2 16,180 0 - 15,138 16,180

Mortgage-backed securities4 1,744,640 + 19 + 460 1,744,642

Unamortized premiums on securities held outright5 171,019 - 295 - 16,427 170,931

Unamortized discounts on securities held outright5 -15,051 + 9 + 1,341 -15,040

Repurchase agreements6 0 0 0 0

Loans 17 0 - 5 11

Primary credit 14 0 + 2 7

Secondary credit 0 0 0 0

Seasonal credit 3 0 - 6 4

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,705 - 2 - 17 1,705

Float -281 + 340 - 194 -302

Central bank liquidity swaps8 265 - 127 + 174 265

Other Federal Reserve assets9 34,797 + 1,693 - 2,174 35,772

Foreign currency denominated assets10 20,083 + 208 - 191 20,056

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,618 + 14 + 993 48,618

Total factors supplying reserve funds 4,501,666 + 1,857 - 28,955 4,502,514

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

Feb 8, 2017 Feb 1, 2017 Feb 10, 2016

Wednesday

Feb 8, 2017

Currency in circulation11 1,502,291 + 3,901 + 85,526 1,505,331

Reverse repurchase agreements12 375,102 + 3,385 + 90,179 374,350

Foreign official and international accounts 254,609 + 2,377 + 18,227 251,416

Others 120,494 + 1,009 + 71,953 122,934

Treasury cash holdings 232 + 13 - 16 230

Deposits with F.R. Banks, other than reserve balances 355,815 - 71,708 + 16,143 337,624

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 305,735 - 69,106 - 11,568 287,035

Foreign official 5,166 - 23 - 103 5,165

Other13 44,913 - 2,579 + 27,813 45,424

Other liabilities and capital14 47,505 + 670 + 319 47,519

Total factors, other than reserve balances,

absorbing reserve funds 2,280,945 - 63,738 + 192,150 2,265,054

Reserve balances with Federal Reserve Banks 2,220,721 + 65,595 - 221,105 2,237,460

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 and Federal agency debt securities, amortization is on a straight-line basis. For 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

Feb 8, 2017 Feb 1, 2017 Feb 10, 2016

Wednesday

Feb 8, 2017

Securities held in custody for foreign official and international

accounts 3,169,097 + 3,790 - 98,104 3,166,181

Marketable U.S. Treasury securities1 2,851,014 + 3,543 - 104,384 2,847,922

Federal agency debt and mortgage-backed securities2 255,777 - 258 - 7,922 255,890

Other securities3 62,306 + 505 + 14,203 62,369

Securities lent to dealers 15,777 + 474 + 3,004 11,655

Overnight facility4 15,777 + 474 + 3,004 11,655

U.S. Treasury securities 15,729 + 481 + 3,002 11,605

Federal agency debt securities 48 - 7 + 2 50

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, February 8, 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 7 4 0 0 0 ... 11

U.S. Treasury securities1

Holdings 7,159 41,249 167,127 1,210,167 407,661 630,073 2,463,436

Weekly changes 0 0 0 + 1 + 2 + 6 + 10

Federal agency debt securities2

Holdings 2,851 1,500 7,438 2,044 0 2,347 16,180

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 134 11,297 1,733,211 1,744,642

Weekly changes 0 0 0 + 14 + 684 - 692 + 6

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

Central bank liquidity swaps5 265 0 0 0 0 0 265

Reverse repurchase agreements4 374,350 0 ... ... ... ... 374,350

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 Feb 8, 2017

Mortgage-backed securities held outright1 1,744,642

Commitments to buy mortgage-backed securities2 48,999

Commitments to sell mortgage-backed securities2 0

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. 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 Feb 8, 2017

Net portfolio holdings of Maiden Lane LLC1 1,705

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 December 31, 2016. 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

Feb 8, 2017 Feb 1, 2017 Feb 10, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,961 + 10 - 45

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,380,159 - 226 - 27,463

Securities held outright1 4,224,258 + 16 - 12,414

U.S. Treasury securities 2,463,436 + 10 + 2,262

Bills2 0 0 0

Notes and bonds, nominal2 2,341,382 0 - 5,257

Notes and bonds, inflation-indexed2 104,930 0 + 6,396

Inflation compensation3 17,124 + 10 + 1,122

Federal agency debt securities2 16,180 0 - 15,138

Mortgage-backed securities4 1,744,642 + 6 + 462

Unamortized premiums on securities held outright5 170,931 - 272 - 16,388

Unamortized discounts on securities held outright5 -15,040 + 30 + 1,340

Repurchase agreements6 0 0 0

Loans 11 + 1 0

Net portfolio holdings of Maiden Lane LLC7 1,705 0 - 17

Items in process of collection (0) 81 - 1 - 91

Bank premises 2,199 + 2 - 32

Central bank liquidity swaps8 265 - 127 + 174

Foreign currency denominated assets9 20,056 + 60 - 402

Other assets10 33,573 + 2,638 - 2,168

Total assets (0) 4,456,236 + 2,355 - 30,042

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

Feb 8, 2017 Feb 1, 2017 Feb 10, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,458,900 + 5,178 + 84,974

Reverse repurchase agreements11 374,350 - 17,429 + 91,978

Deposits (0) 2,575,085 + 13,780 - 207,960

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,237,460 + 65,367 - 245,680

U.S. Treasury, General Account 287,035 - 52,194 + 10,874

Foreign official 5,165 - 170 - 72

Other12 (0) 45,424 + 776 + 26,917

Deferred availability cash items (0) 384 - 9 - 74

Other liabilities and accrued dividends13 7,016 + 790 + 51

Total liabilities (0) 4,415,734 + 2,308 - 31,032

Capital accounts

Capital paid in 30,503 + 48 + 991

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,503 + 48 + 991

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 and Federal agency debt securities, amortization is on a straight-line basis. For 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, February 8, 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 11,037 355 3,588 359 586 760 1,541 753 360 193 296 875 1,371

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

Coin 1,961 54 75 164 138 310 203 292 33 54 121 201 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,380,159 107,600 2,492,598 118,931 131,178 267,687 245,156 174,530 55,281 32,293 60,961 155,913 538,031

Securities held outright1 4,224,258 103,770 2,403,886 114,698 126,509 258,160 236,428 168,315 53,314 31,144 58,791 150,361 518,882

U.S. Treasury securities 2,463,436 60,515 1,401,860 66,888 73,776 150,550 137,877 98,155 31,091 18,162 34,285 87,685 302,593

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

Notes and bonds3 2,463,436 60,515 1,401,860 66,888 73,776 150,550 137,877 98,155 31,091 18,162 34,285 87,685 302,593

Federal agency debt securities2 16,180 397 9,208 439 485 989 906 645 204 119 225 576 1,987

Mortgage-backed securities4 1,744,642 42,858 992,818 47,371 52,249 106,622 97,646 69,515 22,019 12,862 24,281 62,100 214,301

Unamortized premiums on securities 

held outright5 170,931 4,199 97,271 4,641 5,119 10,446 9,567 6,811 2,157 1,260 2,379 6,084 20,996

Unamortized discounts on securities 

held outright5 -15,040 -369 -8,559 -408 -450 -919 -842 -599 -190 -111 -209 -535 -1,847

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

Loans 11 0 0 0 0 0 3 4 0 0 1 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0

Items in process of collection 81 0 0 0 0 0 80 0 0 0 0 0 0

Bank premises 2,199 118 436 72 108 202 206 200 113 89 238 222 195

Central bank liquidity swaps8 265 12 87 15 20 59 15 7 3 1 3 3 40

Foreign currency denominated

assets9 20,056 886 6,619 1,103 1,528 4,473 1,113 538 206 86 200 254 3,051

Other assets10 33,573 865 18,614 920 1,014 2,228 1,906 1,345 524 271 527 1,239 4,119

Interdistrict settlement account 0 - 24,400 + 9,216 - 3,986 - 7,535 - 15,799 + 11,956 + 10,655 + 5,077 + 2,170 + 4,009 + 19,238 - 10,601

Total assets 4,456,236 85,686 2,534,756 117,788 127,273 260,333 262,832 188,744 61,746 35,247 66,508 178,228 537,097

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, February 8, 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 1,648,280 54,587 533,837 52,440 81,298 119,049 224,720 110,777 49,234 28,792 46,304 136,758 210,484

Less: Notes held by F.R. Banks 189,380 6,270 50,571 7,002 9,719 14,436 27,550 12,715 5,470 3,303 6,000 17,098 29,248

Federal Reserve notes, net 1,458,900 48,318 483,266 45,438 71,579 104,613 197,170 98,063 43,764 25,489 40,304 119,660 181,236

Reverse repurchase agreements11 374,350 9,196 213,030 10,164 11,211 22,878 20,952 14,916 4,725 2,760 5,210 13,325 45,983

Deposits 2,575,085 26,218 1,821,680 59,779 40,948 123,534 41,866 73,748 12,655 6,382 20,456 44,461 303,359

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 2,237,460 26,209 1,499,615 59,777 40,945 123,482 41,857 58,297 12,635 6,382 20,455 44,458 303,350

U.S. Treasury, General Account 287,035 0 287,035 0 0 0 0 0 0 0 0 0 0

Foreign official 5,165 2 5,139 2 3 9 2 1 0 0 0 1 6

Other12 45,424 7 29,891 0 0 43 7 15,450 20 0 1 3 2

Deferred availability cash items 384 0 0 0 0 0 77 0 0 306 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,857 42 1,074 49 59 101 105 78 20 12 24 65 228

Other liabilities and accrued

dividends 5,159 159 2,714 181 182 458 307 246 134 128 119 199 333

Total liabilities 4,415,734 83,933 2,521,764 115,611 123,980 251,583 260,477 187,050 61,298 35,076 66,113 177,710 531,139

Capital

Capital paid in 30,503 1,320 9,790 1,639 2,479 6,589 1,771 1,275 338 129 298 390 4,486

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 4,456,236 85,686 2,534,756 117,788 127,273 260,333 262,832 188,744 61,746 35,247 66,508 178,228 537,097

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, February 8, 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 and Federal

agency debt securities, amortization is on a straight-line basis. For 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 Feb 8, 2017

Federal Reserve notes outstanding 1,648,280

Less: Notes held by F.R. Banks not subject to collateralization 189,380

Federal Reserve notes to be collateralized 1,458,900

Collateral held against Federal Reserve notes 1,458,900

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,442,663

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,224,258

Less: Face value of securities under reverse repurchase agreements 361,583

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,862,675

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.