FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 26, 2016 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended May 25, 2016 Federal Reserve Banks May 25, 2016 May 18, 2016 May 27, 2015 Reserve Bank credit 4,431,286 - 15,740 - 6,903 4,422,096 Securities held outright (1) 4,238,016 - 7,648 + 8,290 4,229,807 U.S. Treasury securities 2,461,765 + 87 + 1,173 2,461,637 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,342,263 - 29 - 4,380 2,342,092 Notes and bonds, inflation-indexed (2) 103,134 0 + 4,600 103,134 Inflation compensation (3) 16,368 + 115 + 953 16,411 Federal agency debt securities (2) 25,096 - 1,714 - 10,799 25,096 Mortgage-backed securities (4) 1,751,154 - 6,022 + 17,915 1,743,074 Unamortized premiums on securities held outright (5) 182,728 - 554 - 17,355 182,397 Unamortized discounts on securities held outright (5) -16,111 - 30 + 1,585 -16,089 Repurchase agreements (6) 87 + 87 + 87 610 Loans 84 + 7 - 13 120 Primary credit 7 0 + 5 37 Secondary credit 0 0 0 0 Seasonal credit 77 + 8 - 18 83 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 16 1,713 Float -145 + 35 + 271 -130 Central bank liquidity swaps (8) 1,006 0 + 1,004 1,006 Other Federal Reserve assets (9) 23,908 - 7,637 - 789 22,663 Foreign currency denominated assets (10) 20,711 - 219 + 1,040 20,667 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 47,819 + 14 + 960 47,819 Total factors supplying reserve funds 4,516,057 - 15,945 - 4,904 4,506,823 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended May 25, 2016 Federal Reserve Banks May 25, 2016 May 18, 2016 May 27, 2015 Currency in circulation (11) 1,452,124 + 674 + 83,707 1,454,362 Reverse repurchase agreements (12) 309,852 + 32,934 + 40,596 311,723 Foreign official and international accounts 246,152 - 3,442 + 91,927 245,926 Others 63,700 + 36,376 - 51,331 65,797 Treasury cash holdings 104 - 3 - 69 112 Deposits with F.R. Banks, other than reserve balances 374,047 + 34,532 + 67,663 354,450 Term deposits held by depository institutions 66,820 + 66,820 - 13,099 66,820 U.S. Treasury, General Account 268,619 - 26,720 + 93,042 257,092 Foreign official 5,179 - 9 - 77 5,179 Other (13) 33,429 - 5,559 - 12,204 25,359 Other liabilities and capital (14) 47,393 - 405 - 18,547 46,189 Total factors, other than reserve balances, absorbing reserve funds 2,183,520 + 67,732 + 173,350 2,166,836 Reserve balances with Federal Reserve Banks 2,332,537 - 83,677 - 178,254 2,339,987 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. 1A. Memorandum Items Millions of dollars Memorandum item Averages of daily figures Wednesday Week ended Change from week ended May 25, 2016 May 25, 2016 May 18, 2016 May 27, 2015 Securities held in custody for foreign official and international accounts 3,218,126 - 1,746 - 108,616 3,220,721 Marketable U.S. Treasury securities (1) 2,903,709 - 524 - 90,087 2,906,360 Federal agency debt and mortgage-backed securities (2) 265,704 - 983 - 22,082 264,823 Other securities (3) 48,712 - 241 + 3,551 49,539 Securities lent to dealers 21,404 + 4,772 + 10,586 24,622 Overnight facility (4) 21,404 + 4,772 + 10,586 24,622 U.S. Treasury securities 21,389 + 4,773 + 10,847 24,604 Federal agency debt securities 15 0 - 260 18 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, May 25, 2016 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans 105 15 0 0 0 ... 120 U.S. Treasury securities (1) Holdings 25,248 30,731 135,441 1,192,946 441,232 636,039 2,461,637 Weekly changes 0 + 4 + 3 - 182 + 18 + 72 - 84 Federal agency debt securities (2) Holdings 0 2,604 13,658 6,487 0 2,347 25,096 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 885 9,189 1,733,000 1,743,074 Weekly changes 0 0 0 - 21 - 169 - 11,468 - 11,659 Repurchase agreements (4) 610 0 ... ... ... ... 610 Central bank liquidity swaps (5) 1,006 0 0 0 0 0 1,006 Reverse repurchase agreements (4) 311,723 0 ... ... ... ... 311,723 Term deposits 66,820 0 0 ... ... ... 66,820 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. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday May 25, 2016 Mortgage-backed securities held outright (1) 1,743,074 Commitments to buy mortgage-backed securities (2) 28,940 Commitments to sell mortgage-backed securities (2) 99 Cash and cash equivalents (3) 46 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 Account name Wednesday May 25, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,713 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 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, 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. 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from May 25, 2016 Wednesday Wednesday consolidation May 18, 2016 May 27, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,837 - 21 + 47 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,396,845 - 11,735 - 4,184 Securities held outright (1) 4,229,807 - 11,743 + 10,839 U.S. Treasury securities 2,461,637 - 84 + 998 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,342,092 - 200 - 4,551 Notes and bonds, inflation-indexed (2) 103,134 0 + 4,600 Inflation compensation (3) 16,411 + 116 + 949 Federal agency debt securities (2) 25,096 0 - 10,799 Mortgage-backed securities (4) 1,743,074 - 11,659 + 20,640 Unamortized premiums on securities held outright (5) 182,397 - 694 - 17,249 Unamortized discounts on securities held outright (5) -16,089 + 46 + 1,592 Repurchase agreements (6) 610 + 610 + 610 Loans 120 + 46 + 24 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 16 Items in process of collection (0) 144 - 35 + 51 Bank premises 2,220 0 - 21 Central bank liquidity swaps (8) 1,006 0 + 1,004 Foreign currency denominated assets (9) 20,667 - 177 + 1,233 Other assets (10) 20,442 - 662 - 1,017 Total assets (0) 4,461,111 - 12,630 - 2,870 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from May 25, 2016 Wednesday Wednesday consolidation May 18, 2016 May 27, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,408,488 + 1,905 + 83,609 Reverse repurchase agreements (11) 311,723 - 1,148 + 33,086 Deposits (0) 2,694,437 - 12,791 - 100,087 Term deposits held by depository institutions 66,820 + 66,820 - 13,099 Other deposits held by depository institutions 2,339,987 - 59,642 - 196,933 U.S. Treasury, General Account 257,092 - 20,197 + 93,511 Foreign official 5,179 - 24 - 53 Other (12) (0) 25,359 + 252 + 16,487 Deferred availability cash items (0) 275 - 116 - 571 Other liabilities and accrued dividends (13) 6,095 - 506 - 764 Total liabilities (0) 4,421,018 - 12,655 + 15,272 Capital accounts Capital paid in 30,094 + 26 + 976 Surplus 10,000 0 - 19,118 Other capital accounts 0 0 0 Total capital 40,094 + 26 - 18,142 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. 6. Statement of Condition of Each Federal Reserve Bank, May 25, 2016 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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 1,837 52 64 130 134 295 175 272 23 54 146 183 309 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,396,845 108,008 2,502,032 119,381 131,675 268,700 246,084 175,197 55,531 32,433 61,238 156,500 540,067 Securities held outright (1) 4,229,807 103,906 2,407,044 114,849 126,676 258,499 236,739 168,536 53,384 31,185 58,868 150,559 519,564 U.S. Treasury securities 2,461,637 60,471 1,400,836 66,839 73,722 150,440 137,776 98,084 31,068 18,149 34,260 87,621 302,372 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,637 60,471 1,400,836 66,839 73,722 150,440 137,776 98,084 31,068 18,149 34,260 87,621 302,372 Federal agency debt securities (2) 25,096 616 14,281 681 752 1,534 1,405 1,000 317 185 349 893 3,083 Mortgage-backed securities (4) 1,743,074 42,819 991,926 47,328 52,202 106,526 97,558 69,453 21,999 12,851 24,259 62,044 214,109 Unamortized premiums on securities held outright (5) 182,397 4,481 103,796 4,952 5,462 11,147 10,209 7,268 2,302 1,345 2,538 6,492 22,405 Unamortized discounts on securities held outright (5) -16,089 -395 -9,156 -437 -482 -983 -900 -641 -203 -119 -224 -573 -1,976 Repurchase agreements (6) 610 15 347 17 18 37 34 24 8 4 8 22 75 Loans 120 1 1 0 0 0 3 10 40 17 47 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0 Items in process of collection 144 0 0 0 0 0 144 0 0 1 0 0 0 Bank premises 2,220 121 431 74 105 208 207 203 116 90 241 225 198 Central bank liquidity swaps (8) 1,006 44 332 55 77 224 56 27 10 4 10 13 153 Foreign currency denominated assets (9) 20,667 913 6,820 1,137 1,574 4,609 1,147 554 212 88 206 262 3,144 Other assets (10) 20,442 532 11,081 555 608 1,402 1,150 822 456 172 325 826 2,513 Interdistrict settlement account 0 - 21,895 + 40,125 - 1,351 - 11,553 - 27,350 + 6,831 + 14,581 + 259 - 1,156 - 2,089 + 8,215 - 4,616 Total assets 4,461,111 88,327 2,568,004 120,550 123,444 249,260 257,989 192,832 57,117 31,969 60,527 167,382 543,713 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, May 25, 2016 (continued) Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Liabilities Federal Reserve notes outstanding 1,578,891 49,269 503,914 49,453 81,759 108,994 222,835 106,442 50,834 27,224 40,038 131,453 206,677 Less: Notes held by F.R. Banks 170,403 5,190 55,494 5,868 9,101 11,710 24,721 9,828 4,971 2,678 4,934 13,084 22,822 Federal Reserve notes, net 1,408,488 44,078 448,420 43,585 72,658 97,284 198,114 96,614 45,863 24,546 35,104 118,369 183,855 Reverse repurchase agreements (11) 311,723 7,658 177,391 8,464 9,336 19,051 17,447 12,421 3,934 2,298 4,338 11,096 38,290 Deposits 2,694,437 34,658 1,926,098 66,113 38,183 123,564 39,744 81,996 6,754 4,602 20,545 37,153 315,027 Term deposits held by depository institutions 66,820 25 30,896 19,000 75 8 0 5,810 0 0 3,000 5 8,001 Other deposits held by depository institutions 2,339,987 34,621 1,615,234 47,111 38,105 123,344 39,735 68,784 6,746 4,601 17,544 37,147 307,014 U.S. Treasury, General Account 257,092 0 257,092 0 0 0 0 0 0 0 0 0 0 Foreign official 5,179 2 5,152 2 3 9 2 1 0 0 0 1 6 Other (12) 25,359 9 17,725 0 0 203 7 7,400 7 0 1 1 5 Deferred availability cash items 275 0 0 0 0 0 64 0 0 210 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,233 26 742 26 28 41 78 48 17 12 17 52 145 Other liabilities and accrued dividends 4,862 160 2,217 200 202 516 324 265 131 131 126 202 389 Total liabilities 4,421,018 86,580 2,554,868 118,388 120,406 240,456 255,771 191,343 56,699 31,798 60,130 166,872 537,705 Capital Capital paid in 30,094 1,305 9,837 1,612 2,276 6,573 1,663 1,220 315 128 296 383 4,486 Surplus 10,000 442 3,299 550 762 2,230 555 268 103 43 100 127 1,521 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,461,111 88,327 2,568,004 120,550 123,444 249,260 257,989 192,832 57,117 31,969 60,527 167,382 543,713 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, May 25, 2016 (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). 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday May 25, 2016 Federal Reserve notes outstanding 1,578,891 Less: Notes held by F.R. Banks not subject to collateralization 170,403 Federal Reserve notes to be collateralized 1,408,488 Collateral held against Federal Reserve notes 1,408,488 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,392,252 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,230,417 Less: Face value of securities under reverse repurchase agreements 287,911 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,942,506 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.