FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 23, 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 Jun 22, 2016 Federal Reserve Banks Jun 22, 2016 Jun 15, 2016 Jun 24, 2015 Reserve Bank credit 4,438,233 + 6,549 - 21,898 4,442,347 Securities held outright (1) 4,242,153 + 5,727 - 4,614 4,245,772 U.S. Treasury securities 2,462,118 + 135 + 1,227 2,462,168 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,339,286 0 - 7,356 2,339,286 Notes and bonds, inflation-indexed (2) 105,939 0 + 7,405 105,939 Inflation compensation (3) 16,892 + 135 + 1,177 16,942 Federal agency debt securities (2) 25,096 0 - 10,799 25,096 Mortgage-backed securities (4) 1,754,939 + 5,591 + 4,958 1,758,508 Unamortized premiums on securities held outright (5) 181,622 - 151 - 17,599 181,634 Unamortized discounts on securities held outright (5) -15,970 + 37 + 1,592 -15,958 Repurchase agreements (6) 0 0 0 0 Loans 147 + 43 - 29 144 Primary credit 39 + 30 + 16 22 Secondary credit 0 0 0 0 Seasonal credit 108 + 13 - 45 122 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 17 1,713 Float -139 + 65 + 195 -122 Central bank liquidity swaps (8) 0 - 6 - 115 0 Other Federal Reserve assets (9) 28,708 + 835 - 1,343 29,163 Foreign currency denominated assets (10) 21,259 + 170 + 1,329 21,269 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 47,913 + 14 + 942 47,913 Total factors supplying reserve funds 4,523,646 + 6,734 - 19,628 4,527,770 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 Jun 22, 2016 Federal Reserve Banks Jun 22, 2016 Jun 15, 2016 Jun 24, 2015 Currency in circulation (11) 1,456,060 - 614 + 91,644 1,457,131 Reverse repurchase agreements (12) 307,819 + 26,141 - 2,957 335,070 Foreign official and international accounts 242,732 - 60 + 91,506 244,684 Others 65,087 + 26,201 - 94,464 90,386 Treasury cash holdings 90 - 3 - 40 96 Deposits with F.R. Banks, other than reserve balances 349,659 + 69,004 + 78,916 369,599 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 316,838 + 85,581 + 77,340 331,412 Foreign official 5,334 + 117 + 92 5,196 Other (13) 27,487 - 16,694 + 1,484 32,991 Other liabilities and capital (14) 48,120 - 538 - 18,763 47,279 Total factors, other than reserve balances, absorbing reserve funds 2,161,748 + 93,989 + 148,799 2,209,175 Reserve balances with Federal Reserve Banks 2,361,897 - 87,256 - 168,427 2,318,595 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 Jun 22, 2016 Jun 22, 2016 Jun 15, 2016 Jun 24, 2015 Securities held in custody for foreign official and international accounts 3,238,493 + 139 - 129,581 3,236,220 Marketable U.S. Treasury securities (1) 2,925,000 + 2,191 - 96,643 2,923,142 Federal agency debt and mortgage-backed securities (2) 263,195 - 1,919 - 38,540 262,741 Other securities (3) 50,298 - 132 + 5,602 50,337 Securities lent to dealers 21,153 + 72 + 9,700 22,898 Overnight facility (4) 21,153 + 72 + 9,700 22,898 U.S. Treasury securities 21,143 + 69 + 9,832 22,885 Federal agency debt securities 10 + 3 - 132 13 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, June 22, 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 135 10 0 0 0 ... 144 U.S. Treasury securities (1) Holdings 13,567 24,155 140,391 1,198,015 449,682 636,358 2,462,168 Weekly changes 0 + 4 + 4 + 21 + 24 + 82 + 136 Federal agency debt securities (2) Holdings 0 4,604 12,395 5,750 0 2,347 25,096 Weekly changes 0 + 2,000 - 2,000 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 956 9,812 1,747,740 1,758,508 Weekly changes 0 0 0 + 32 + 699 + 6,453 + 7,184 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 0 0 0 0 0 0 0 Reverse repurchase agreements (4) 335,070 0 ... ... ... ... 335,070 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. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Jun 22, 2016 Mortgage-backed securities held outright (1) 1,758,508 Commitments to buy mortgage-backed securities (2) 24,113 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 14 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 Jun 22, 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 Jun 22, 2016 Wednesday Wednesday consolidation Jun 15, 2016 Jun 24, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,863 + 19 - 4 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,411,592 + 7,270 - 13,182 Securities held outright (1) 4,245,772 + 7,319 + 2,573 U.S. Treasury securities 2,462,168 + 136 + 1,257 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,339,286 0 - 7,356 Notes and bonds, inflation-indexed (2) 105,939 0 + 7,405 Inflation compensation (3) 16,942 + 135 + 1,207 Federal agency debt securities (2) 25,096 0 - 10,799 Mortgage-backed securities (4) 1,758,508 + 7,184 + 12,115 Unamortized premiums on securities held outright (5) 181,634 - 105 - 17,284 Unamortized discounts on securities held outright (5) -15,958 + 33 + 1,592 Repurchase agreements (6) 0 0 0 Loans 144 + 23 - 63 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 17 Items in process of collection (0) 171 + 7 + 99 Bank premises 2,218 + 1 - 25 Central bank liquidity swaps (8) 0 - 6 - 115 Foreign currency denominated assets (9) 21,269 + 162 + 1,546 Other assets (10) 26,946 + 1,738 - 1,382 Total assets (0) 4,482,009 + 9,192 - 13,046 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 Jun 22, 2016 Wednesday Wednesday consolidation Jun 15, 2016 Jun 24, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,411,173 - 111 + 90,698 Reverse repurchase agreements (11) 335,070 + 63,701 + 45,654 Deposits (0) 2,688,193 - 54,862 - 131,173 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,318,595 - 86,306 - 174,934 U.S. Treasury, General Account 331,412 + 25,889 + 90,650 Foreign official 5,196 - 1 - 47 Other (12) (0) 32,991 + 5,557 - 46,842 Deferred availability cash items (0) 293 - 109 - 132 Other liabilities and accrued dividends (13) 7,166 + 569 + 58 Total liabilities (0) 4,441,895 + 9,189 + 5,104 Capital accounts Capital paid in 30,114 + 3 + 982 Surplus 10,000 0 - 19,132 Other capital accounts 0 0 0 Total capital 40,114 + 3 - 18,150 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, June 22, 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 1,863 48 61 139 135 298 187 276 28 53 139 186 312 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,411,592 108,368 2,510,410 119,780 132,115 269,600 246,912 175,801 55,719 32,565 61,410 157,026 541,884 Securities held outright (1) 4,245,772 104,298 2,416,129 115,282 127,154 259,475 237,632 169,172 53,585 31,302 59,090 151,127 521,525 U.S. Treasury securities 2,462,168 60,484 1,401,139 66,853 73,738 150,472 137,806 98,105 31,075 18,152 34,267 87,640 302,438 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,462,168 60,484 1,401,139 66,853 73,738 150,472 137,806 98,105 31,075 18,152 34,267 87,640 302,438 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) 1,758,508 43,198 1,000,709 47,747 52,664 107,469 98,422 70,068 22,194 12,965 24,474 62,594 216,004 Unamortized premiums on securities held outright (5) 181,634 4,462 103,362 4,932 5,440 11,100 10,166 7,237 2,292 1,339 2,528 6,465 22,311 Unamortized discounts on securities held outright (5) -15,958 -392 -9,081 -433 -478 -975 -893 -636 -201 -118 -222 -568 -1,960 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 144 0 0 0 0 0 7 27 43 42 14 2 9 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 171 0 0 0 0 0 171 0 0 1 0 0 0 Bank premises 2,218 121 429 74 106 208 209 202 116 90 241 225 197 Central bank liquidity swaps (8) 0 0 0 0 0 0 0 0 0 0 0 0 0 Foreign currency denominated assets (9) 21,269 940 7,019 1,170 1,620 4,743 1,181 570 218 91 212 270 3,235 Other assets (10) 26,946 694 14,781 732 806 1,805 1,510 1,079 547 221 419 1,040 3,311 Interdistrict settlement account 0 - 19,835 + 33,877 - 2,194 - 10,901 - 15,785 + 3,377 + 1,185 - 299 - 1,167 - 2,632 + 6,963 + 7,412 Total assets 4,482,009 90,888 2,573,695 120,271 124,704 262,041 255,742 180,290 56,838 32,137 60,239 166,867 558,298 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, June 22, 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 1,587,942 49,787 509,403 49,526 81,529 110,247 222,171 106,611 50,592 27,372 40,439 132,753 207,512 Less: Notes held by F.R. Banks 176,769 5,578 55,133 5,924 9,368 12,672 25,808 10,834 5,160 2,734 5,110 14,734 23,715 Federal Reserve notes, net 1,411,173 44,209 454,269 43,602 72,161 97,575 196,363 95,777 45,432 24,638 35,329 118,019 183,797 Reverse repurchase agreements (11) 335,070 8,231 190,677 9,098 10,035 20,477 18,754 13,351 4,229 2,470 4,663 11,927 41,158 Deposits 2,688,193 36,481 1,912,054 65,149 39,196 134,502 37,880 69,333 6,596 4,489 19,699 36,132 326,683 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 2,318,595 36,471 1,549,841 65,147 39,193 134,304 37,871 62,194 6,586 4,489 19,698 36,131 326,672 U.S. Treasury, General Account 331,412 0 331,412 0 0 0 0 0 0 0 0 0 0 Foreign official 5,196 2 5,169 2 3 9 2 1 0 0 0 1 6 Other (12) 32,991 9 25,632 0 0 189 7 7,137 10 0 1 1 5 Deferred availability cash items 293 0 0 0 0 0 73 0 0 220 0 0 0 Earnings remittances due to the U.S. Treasury (13) 2,063 58 1,125 59 67 138 127 80 30 15 33 76 255 Other liabilities and accrued dividends 5,102 162 2,418 201 206 537 326 261 132 134 122 204 398 Total liabilities 4,441,895 89,141 2,560,543 118,109 121,666 253,230 253,523 178,802 56,420 31,966 59,847 166,358 552,291 Capital Capital paid in 30,114 1,305 9,853 1,612 2,276 6,581 1,664 1,220 315 128 292 382 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 4,482,009 90,888 2,573,695 120,271 124,704 262,041 255,742 180,290 56,838 32,137 60,239 166,867 558,298 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, June 22, 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 Jun 22, 2016 Federal Reserve notes outstanding 1,587,942 Less: Notes held by F.R. Banks not subject to collateralization 176,769 Federal Reserve notes to be collateralized 1,411,173 Collateral held against Federal Reserve notes 1,411,173 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,394,936 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,245,772 Less: Face value of securities under reverse repurchase agreements 308,453 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,937,319 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.