FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 6, 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 5, 2017 Jun 28, 2017 Jul 6, 2016

Wednesday

Jul 5, 2017

Reserve Bank credit 4,426,957 - 4,108 - 2,810 4,427,958

Securities held outright1 4,243,460 - 6,220 + 12,430 4,243,474

U.S. Treasury securities 2,465,082 + 68 + 2,689 2,465,096

Bills2 0 0 0 0

Notes and bonds, nominal2 2,337,696 - 520 - 861 2,337,609

Notes and bonds, inflation-indexed2 108,647 + 521 + 1,978 108,734

Inflation compensation3 18,739 + 68 + 1,572 18,753

Federal agency debt securities2 8,097 0 - 16,999 8,097

Mortgage-backed securities4 1,770,281 - 6,288 + 26,740 1,770,281

Unamortized premiums on securities held outright5 165,919 - 437 - 14,655 165,787

Unamortized discounts on securities held outright5 -14,748 - 3 + 1,186 -14,738

Repurchase agreements6 0 0 0 0

Loans 139 + 6 - 83 130

Primary credit 26 - 4 - 62 1

Secondary credit 0 0 0 0

Seasonal credit 113 + 10 - 21 129

Other credit extensions 0 0 0 0

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

Float -627 - 343 - 177 -537

Central bank liquidity swaps8 3,070 + 3,035 + 76 3,070

Other Federal Reserve assets9 28,035 - 147 - 1,584 29,063

Foreign currency denominated assets10 20,756 + 127 - 538 20,628

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,963 + 14 + 920 48,963

Total factors supplying reserve funds 4,512,918 - 3,967 - 2,427 4,513,790

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 5, 2017 Jun 28, 2017 Jul 6, 2016

Wednesday

Jul 5, 2017

Currency in circulation11 1,562,907 + 7,030 + 96,905 1,565,957

Reverse repurchase agreements12 564,564 + 116,432 + 174,110 486,738

Foreign official and international accounts 247,763 + 8,368 - 10,239 246,709

Others 316,801 + 108,064 + 184,349 240,029

Treasury cash holdings 186 - 12 + 115 180

Deposits with F.R. Banks, other than reserve balances 261,091 - 41,306 - 96,493 243,917

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 177,006 - 31,359 - 126,291 165,044

Foreign official 5,165 0 - 60 5,164

Other13 78,919 - 9,948 + 29,856 73,708

Other liabilities and capital14 47,831 + 292 + 8 47,349

Total factors, other than reserve balances,

absorbing reserve funds 2,436,578 + 82,435 + 174,643 2,344,140

Reserve balances with Federal Reserve Banks 2,076,340 - 86,402 - 177,070 2,169,650

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 5, 2017 Jun 28, 2017 Jul 6, 2016

Wednesday

Jul 5, 2017

Securities held in custody for foreign official and international

accounts 3,316,114 + 8,170 + 86,609 3,317,839

Marketable U.S. Treasury securities1 2,993,261 + 7,780 + 76,083 2,994,768

Federal agency debt and mortgage-backed securities2 260,762 + 238 - 1,158 260,836

Other securities3 62,091 + 152 + 11,684 62,235

Securities lent to dealers 25,065 - 70 - 1,848 23,317

Overnight facility4 25,065 - 70 - 1,848 23,317

U.S. Treasury securities 25,064 - 70 - 1,827 23,316

Federal agency debt securities 1 + 1 - 21 1

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 5, 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 11 119 0 0 0 ... 130

U.S. Treasury securities1

Holdings 1,278 44,593 275,577 1,152,801 357,258 633,589 2,465,096

Weekly changes - 11,607 + 9,669 + 19,508 - 21,573 + 3,413 + 640 + 50

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 0 624 11,416 1,758,240 1,770,281

Weekly changes 0 0 0 + 4 + 436 - 439 + 1

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

Central bank liquidity swaps5 3,070 0 0 0 0 0 3,070

Reverse repurchase agreements4 486,738 0 ... ... ... ... 486,738

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 5, 2017

Mortgage-backed securities held outright1 1,770,281

Commitments to buy mortgage-backed securities2 26,229

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 1

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 5, 2017

Net portfolio holdings of Maiden Lane LLC1 1,709

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 5, 2017 Jun 28, 2017 Jul 6, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,796 - 23 - 45

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,394,652 - 296 - 1,101

Securities held outright1 4,243,474 + 52 + 12,410

U.S. Treasury securities 2,465,096 + 50 + 2,669

Bills2 0 0 0

Notes and bonds, nominal2 2,337,609 - 607 - 948

Notes and bonds, inflation-indexed2 108,734 + 608 + 2,065

Inflation compensation3 18,753 + 50 + 1,551

Federal agency debt securities2 8,097 0 - 16,999

Mortgage-backed securities4 1,770,281 + 1 + 26,740

Unamortized premiums on securities held outright5 165,787 - 281 - 14,679

Unamortized discounts on securities held outright5 -14,738 - 5 + 1,186

Repurchase agreements6 0 0 0

Loans 130 - 62 - 17

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

Items in process of collection (0) 116 + 23 - 166

Bank premises 2,197 0 - 15

Central bank liquidity swaps8 3,070 + 3,035 + 76

Foreign currency denominated assets9 20,628 - 106 - 716

Other assets10 26,866 + 1,290 - 1,363

Total assets (0) 4,467,272 + 3,925 - 3,333

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 5, 2017 Jun 28, 2017 Jul 6, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,518,965 + 6,779 + 98,104

Reverse repurchase agreements11 486,738 - 18,127 + 148,362

Deposits (0) 2,413,566 + 15,430 - 249,716

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,169,650 + 51,542 - 138,632

U.S. Treasury, General Account 165,044 - 32,553 - 133,000

Foreign official 5,164 - 1 - 32

Other12 (0) 73,708 - 3,558 + 21,948

Deferred availability cash items (0) 653 - 183 - 31

Other liabilities and accrued dividends13 6,503 + 22 - 791

Total liabilities (0) 4,426,426 + 3,922 - 4,071

Capital accounts

Capital paid in 30,846 + 3 + 738

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,846 + 3 + 738

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 5, 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 1,796 43 46 166 126 269 197 276 27 49 110 184 303

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,394,652 85,622 2,474,520 113,465 127,437 257,478 258,682 184,854 58,630 34,321 62,332 175,929 561,384

Securities held outright1 4,243,474 82,679 2,389,465 109,565 123,057 248,628 249,786 178,475 56,586 33,084 60,182 169,879 542,088

U.S. Treasury securities 2,465,096 48,029 1,388,076 63,648 71,486 144,431 145,105 103,679 32,872 19,219 34,961 98,685 314,907

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

Notes and bonds3 2,465,096 48,029 1,388,076 63,648 71,486 144,431 145,105 103,679 32,872 19,219 34,961 98,685 314,907

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

Mortgage-backed securities4 1,770,281 34,492 996,831 45,708 51,337 103,722 104,205 74,456 23,606 13,802 25,107 70,870 226,147

Unamortized premiums on securities 

held outright5 165,787 3,230 93,353 4,281 4,808 9,714 9,759 6,973 2,211 1,293 2,351 6,637 21,179

Unamortized discounts on securities 

held outright5 -14,738 -287 -8,299 -381 -427 -864 -868 -620 -197 -115 -209 -590 -1,883

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

Loans 130 0 0 0 0 0 4 26 30 60 7 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,709 0 1,709 0 0 0 0 0 0 0 0 0 0

Items in process of collection 116 0 0 0 0 0 115 0 0 1 0 0 0

Bank premises 2,197 119 441 71 116 200 203 199 111 88 236 220 192

Central bank liquidity swaps8 3,070 133 983 165 250 663 179 129 34 13 30 39 452

Foreign currency denominated

assets9 20,628 894 6,608 1,109 1,680 4,457 1,203 863 226 87 200 264 3,037

Other assets10 26,866 568 14,681 693 789 1,760 1,609 1,135 442 231 448 1,086 3,424

Interdistrict settlement account 0 - 536 - 105,018 - 2,959 + 3,331 + 15,937 + 2,054 + 52,004 + 2,659 + 3,336 + 7,783 + 8,107 + 13,302

Total assets 4,467,272 87,387 2,399,380 113,269 134,520 281,951 266,416 240,621 62,619 38,408 71,584 187,027 584,090

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 5, 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 1,684,201 56,984 530,923 55,830 85,988 122,155 223,067 115,592 52,708 31,434 48,730 142,746 218,046

Less: Notes held by F.R. Banks 165,236 5,774 43,506 7,111 9,374 11,942 25,607 10,378 5,088 2,646 5,269 15,510 23,030

Federal Reserve notes, net 1,518,965 51,210 487,416 48,719 76,613 110,213 197,459 105,213 47,620 28,789 43,461 127,236 195,016

Reverse repurchase agreements11 486,738 9,483 274,078 12,567 14,115 28,518 28,651 20,472 6,491 3,795 6,903 19,486 62,179

Deposits 2,413,566 24,759 1,621,597 49,552 40,209 133,823 37,406 112,850 7,883 4,972 20,668 39,517 320,331

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 2,169,650 24,753 1,434,640 49,549 40,206 133,689 37,397 56,058 7,879 4,972 20,667 39,515 320,323

U.S. Treasury, General Account 165,044 0 165,044 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 73,708 4 16,776 0 0 125 7 56,791 3 0 1 1 1

Deferred availability cash items 653 0 0 0 0 0 118 0 0 535 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,625 30 894 37 45 77 129 60 38 16 24 77 197

Other liabilities and accrued

dividends 4,878 151 2,343 183 188 464 295 278 134 130 126 198 386

Total liabilities 4,426,426 85,633 2,386,329 111,059 131,170 273,095 264,059 238,874 62,166 38,236 71,182 186,514 578,109

Capital

Capital paid in 30,846 1,321 9,848 1,672 2,535 6,696 1,773 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 4,467,272 87,387 2,399,380 113,269 134,520 281,951 266,416 240,621 62,619 38,408 71,584 187,027 584,090

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 5, 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 5, 2017

Federal Reserve notes outstanding 1,684,201

Less: Notes held by F.R. Banks not subject to collateralization 165,236

Federal Reserve notes to be collateralized 1,518,965

Collateral held against Federal Reserve notes 1,518,965

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,502,729

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,243,474

Less: Face value of securities under reverse repurchase agreements 467,780

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,775,694

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.