FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 29, 2018

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

Nov 28, 2018 Nov 21, 2018 Nov 29, 2017

Wednesday

Nov 28, 2018

Reserve Bank credit 4,063,826 - 6,231 - 342,072 4,058,291

Securities held outright1 3,913,760 - 6,413 - 321,254 3,908,994

U.S. Treasury securities 2,253,103 + 36 - 203,797 2,253,117

Bills2 0 0 0 0

Notes and bonds, nominal2 2,115,384 0 - 212,314 2,115,384

Notes and bonds, inflation-indexed2 115,579 0 + 6,042 115,579

Inflation compensation3 22,141 + 37 + 2,475 22,154

Federal agency debt securities2 2,409 0 - 1,982 2,409

Mortgage-backed securities4 1,658,247 - 6,450 - 115,476 1,653,468

Unamortized premiums on securities held outright5 141,951 - 478 - 18,512 141,721

Unamortized discounts on securities held outright5 -13,523 + 30 + 713 -13,512

Repurchase agreements6 0 - 9 0 0

Loans 76 - 15 + 26 84

Primary credit 10 + 5 + 4 4

Secondary credit 0 0 0 0

Seasonal credit 66 - 20 + 22 81

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,703 7

Float -180 - 31 + 267 -385

Central bank liquidity swaps8 67 + 9 + 32 68

Other Federal Reserve assets9 21,670 + 679 - 1,639 21,314

Foreign currency denominated assets10 20,579 - 102 - 777 20,483

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,885 + 14 + 575 49,885

Total factors supplying reserve funds 4,150,531 - 6,319 - 342,274 4,144,901

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

Nov 28, 2018 Nov 21, 2018 Nov 29, 2017

Wednesday

Nov 28, 2018

Currency in circulation11 1,706,212 + 3,293 + 106,974 1,706,501

Reverse repurchase agreements12 239,188 - 5,311 - 39,098 227,315

Foreign official and international accounts 230,883 + 1,241 - 213 225,756

Others 8,305 - 6,551 - 38,885 1,559

Treasury cash holdings 207 - 11 + 4 203

Deposits with F.R. Banks, other than reserve balances 421,560 + 15,536 + 149,775 408,352

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 340,596 + 10,394 + 168,314 332,336

Foreign official 5,259 + 2 + 93 5,257

Other13 75,705 + 5,140 - 18,631 70,759

Other liabilities and capital14 44,706 - 756 - 3,692 43,848

Total factors, other than reserve balances,

absorbing reserve funds 2,411,872 + 12,751 + 213,963 2,386,219

Reserve balances with Federal Reserve Banks 1,738,659 - 19,070 - 556,236 1,758,681

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, 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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 28, 2018 Nov 21, 2018 Nov 29, 2017

Wednesday

Nov 28, 2018

Securities held in custody for foreign official and international

accounts 3,401,805 - 3,314 + 14,502 3,399,960

Marketable U.S. Treasury securities1 3,028,931 - 2,416 - 18,753 3,026,225

Federal agency debt and mortgage-backed securities2 306,844 - 893 + 43,056 307,306

Other securities3 66,029 - 7 - 9,802 66,429

Securities lent to dealers 16,285 + 611 - 4,878 15,937

Overnight facility4 16,285 + 611 - 4,878 15,937

U.S. Treasury securities 16,285 + 611 - 4,878 15,937

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, 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, November 28, 2018

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 84 0 0 0 0 ... 84

U.S. Treasury securities1

Holdings 24,916 78,011 306,254 961,680 263,727 618,528 2,253,117

Weekly changes 0 0 0 + 4 + 11 + 16 + 32

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 3 201 61,043 1,592,221 1,653,468

Weekly changes 0 0 0 - 7 - 809 - 7,545 - 8,362

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

Central bank liquidity swaps5 68 0 0 0 0 0 68

Reverse repurchase agreements4 227,315 0 ... ... ... ... 227,315

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 Nov 28, 2018

Mortgage-backed securities held outright1 1,653,468

Commitments to buy mortgage-backed securities2 212

Commitments to sell mortgage-backed securities2 67

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 Nov 28, 2018

Net portfolio holdings of Maiden Lane LLC1 7

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.

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

Nov 28, 2018 Nov 21, 2018 Nov 29, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,691 - 7 - 142

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,037,288 - 8,745 - 337,161

Securities held outright1 3,908,994 - 8,330 - 319,450

U.S. Treasury securities 2,253,117 + 32 - 203,842

Bills2 0 0 0

Notes and bonds, nominal2 2,115,384 0 - 212,314

Notes and bonds, inflation-indexed2 115,579 0 + 6,042

Inflation compensation3 22,154 + 32 + 2,430

Federal agency debt securities2 2,409 0 - 1,982

Mortgage-backed securities4 1,653,468 - 8,362 - 113,627

Unamortized premiums on securities held outright5 141,721 - 456 - 18,442

Unamortized discounts on securities held outright5 -13,512 + 26 + 713

Repurchase agreements6 0 0 0

Loans 84 + 13 + 17

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,702

Items in process of collection (0) 82 + 9 + 25

Bank premises 2,200 + 8 - 11

Central bank liquidity swaps8 68 + 10 + 33

Foreign currency denominated assets9 20,483 - 182 - 813

Other assets10 19,114 - 121 - 1,652

Total assets (0) 4,097,170 - 9,028 - 341,422

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

Nov 28, 2018 Nov 21, 2018 Nov 29, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,658,505 + 428 + 105,799

Reverse repurchase agreements11 227,315 - 23,554 - 67,329

Deposits (0) 2,167,034 + 15,434 - 375,478

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,758,681 + 1,174 - 512,492

U.S. Treasury, General Account 332,336 + 15,005 + 153,651

Foreign official 5,257 0 + 90

Other12 (0) 70,759 - 746 - 16,729

Deferred availability cash items (0) 467 + 216 - 1,037

Other liabilities and accrued dividends13 4,720 - 1,553 - 1,188

Total liabilities (0) 4,058,041 - 9,029 - 339,233

Capital accounts

Capital paid in 32,304 + 1 + 986

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,129 + 1 - 2,189

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, 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.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 28, 2018

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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,691 39 37 148 118 234 175 283 23 42 108 191 292

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,037,288 77,107 2,228,849 101,931 114,456 238,907 242,342 216,238 53,783 33,712 63,567 166,938 499,459

Securities held outright1 3,908,994 74,658 2,158,068 98,694 110,821 231,319 234,644 209,357 52,042 32,621 61,537 161,636 483,598

U.S. Treasury securities 2,253,117 43,032 1,243,895 56,886 63,877 133,331 135,247 120,672 29,996 18,802 35,469 93,166 278,742

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

Notes and bonds3 2,253,117 43,032 1,243,895 56,886 63,877 133,331 135,247 120,672 29,996 18,802 35,469 93,166 278,742

Federal agency debt securities2 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298

Mortgage-backed securities4 1,653,468 31,579 912,842 41,747 46,876 97,846 99,252 88,556 22,013 13,798 26,030 68,371 204,557

Unamortized premiums on securities 

held outright5 141,721 2,707 78,241 3,578 4,018 8,386 8,507 7,590 1,887 1,183 2,231 5,860 17,533

Unamortized discounts on securities 

held outright5 -13,512 -258 -7,459 -341 -383 -800 -811 -724 -180 -113 -213 -559 -1,672

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

Loans 84 1 0 0 0 1 2 14 34 21 12 0 0

Net portfolio holdings of Maiden

Lane LLC7 7 0 7 0 0 0 0 0 0 0 0 0 0

Items in process of collection 82 0 0 0 0 0 82 0 0 0 0 0 0

Bank premises 2,200 109 456 82 117 194 206 195 106 95 233 220 188

Central bank liquidity swaps8 68 3 21 4 5 15 4 3 1 0 1 1 10

Foreign currency denominated

assets9 20,483 872 6,458 1,163 1,653 4,425 1,184 868 296 94 203 254 3,015

Other assets10 19,114 394 10,042 474 545 1,305 1,140 994 455 203 346 893 2,322

Interdistrict settlement account 0 + 2,180 - 81,406 - 6,826 + 4,307 - 4,694 + 35,475 + 428 + 6,155 + 3,054 - 3,961 + 9,574 + 35,713

Total assets 4,097,170 81,264 2,169,908 97,536 121,983 241,571 282,752 220,171 61,303 37,490 60,956 179,257 542,979

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, November 28, 2018 (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 1,858,273 58,131 614,976 54,871 88,785 125,572 262,651 120,937 56,098 31,493 49,958 151,007 243,796

Less: Notes held by F.R. Banks 199,768 5,950 59,955 7,351 8,949 13,741 30,264 12,800 5,375 2,812 5,872 17,290 29,410

Federal Reserve notes, net 1,658,505 52,182 555,021 47,520 79,836 111,831 232,387 108,136 50,723 28,681 44,085 133,717 214,386

Reverse repurchase agreements11 227,315 4,341 125,496 5,739 6,444 13,452 13,645 12,175 3,026 1,897 3,578 9,399 28,122

Deposits 2,167,034 22,921 1,475,278 41,811 32,346 107,351 33,999 97,904 6,819 6,166 12,746 35,414 294,279

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 1,758,681 22,906 1,118,558 41,808 32,317 106,913 32,683 48,266 6,811 6,106 12,732 35,309 294,272

U.S. Treasury, General Account 332,336 0 332,336 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,230 2 3 9 2 2 1 0 0 0 6

Other12 70,759 13 19,154 1 26 429 1,314 49,636 7 59 14 105 2

Deferred availability cash items 467 0 0 0 0 0 60 0 0 407 0 0 0

Earnings remittances due to the U.S.

Treasury13 522 8 297 4 10 -8 62 21 12 7 14 43 50

Other liabilities and accrued

dividends 4,197 178 1,373 206 215 579 325 296 131 148 151 206 389

Total liabilities 4,058,041 79,630 2,157,465 95,280 118,851 233,205 280,478 218,532 60,711 37,306 60,575 178,780 537,227

Capital

Capital paid in 32,304 1,343 10,292 1,868 2,581 6,891 1,880 1,350 493 152 313 392 4,747

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,097,170 81,264 2,169,908 97,536 121,983 241,571 282,752 220,171 61,303 37,490 60,956 179,257 542,979

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, November 28, 2018 (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, 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. 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 Nov 28, 2018

Federal Reserve notes outstanding 1,858,273

Less: Notes held by F.R. Banks not subject to collateralization 199,768

Federal Reserve notes to be collateralized 1,658,505

Collateral held against Federal Reserve notes 1,658,505

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,642,268

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,908,994

Less: Face value of securities under reverse repurchase agreements 227,164

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,681,830

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.