FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 19, 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 18, 2016 Federal Reserve Banks May 18, 2016 May 11, 2016 May 20, 2015 Reserve Bank credit 4,447,026 + 8,858 + 3,841 4,434,411 Securities held outright (1) 4,245,664 + 12,178 + 12,413 4,241,550 U.S. Treasury securities 2,461,678 + 116 + 1,248 2,461,721 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,342,292 0 - 4,351 2,342,292 Notes and bonds, inflation-indexed (2) 103,134 0 + 4,600 103,134 Inflation compensation (3) 16,253 + 116 + 999 16,295 Federal agency debt securities (2) 26,810 - 286 - 9,085 25,096 Mortgage-backed securities (4) 1,757,176 + 12,349 + 20,250 1,754,733 Unamortized premiums on securities held outright (5) 183,282 + 57 - 17,311 183,091 Unamortized discounts on securities held outright (5) -16,081 - 18 + 1,651 -16,135 Repurchase agreements (6) 0 0 - 120 0 Loans 77 - 8 - 16 74 Primary credit 7 - 21 + 3 6 Secondary credit 0 0 0 0 Seasonal credit 69 + 12 - 20 69 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 - 1 + 16 1,713 Float -180 - 17 + 244 -211 Central bank liquidity swaps (8) 1,006 + 835 + 1,006 1,006 Other Federal Reserve assets (9) 31,545 - 4,168 + 5,960 23,324 Foreign currency denominated assets (10) 20,930 - 226 + 780 20,844 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 47,805 + 14 + 970 47,805 Total factors supplying reserve funds 4,532,002 + 8,646 + 5,591 4,519,301 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 18, 2016 Federal Reserve Banks May 18, 2016 May 11, 2016 May 20, 2015 Currency in circulation (11) 1,451,450 + 40 + 87,256 1,452,431 Reverse repurchase agreements (12) 276,918 + 9,018 + 20,893 312,871 Foreign official and international accounts 249,594 + 10,396 + 95,270 248,951 Others 27,324 - 1,377 - 74,376 63,920 Treasury cash holdings 107 - 22 - 88 102 Deposits with F.R. Banks, other than reserve balances 339,515 - 14,227 + 135,022 307,598 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 295,339 - 20,030 + 113,698 277,289 Foreign official 5,188 + 14 - 51 5,203 Other (13) 38,988 + 5,789 + 21,374 25,107 Other liabilities and capital (14) 47,798 - 698 - 18,588 46,669 Total factors, other than reserve balances, absorbing reserve funds 2,115,788 - 5,889 + 224,495 2,119,672 Reserve balances with Federal Reserve Banks 2,416,214 + 14,534 - 218,904 2,399,629 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 18, 2016 May 18, 2016 May 11, 2016 May 20, 2015 Securities held in custody for foreign official and international accounts 3,219,872 + 254 - 104,756 3,218,537 Marketable U.S. Treasury securities (1) 2,904,233 - 1,736 - 85,540 2,902,033 Federal agency debt and mortgage-backed securities (2) 266,687 + 1,959 - 22,681 267,892 Other securities (3) 48,953 + 33 + 3,466 48,612 Securities lent to dealers 16,632 - 560 + 4,737 20,464 Overnight facility (4) 16,632 - 560 + 4,737 20,464 U.S. Treasury securities 16,616 - 551 + 4,988 20,455 Federal agency debt securities 15 - 9 - 251 9 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 18, 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 53 22 0 0 0 ... 74 U.S. Treasury securities (1) Holdings 25,248 30,727 135,438 1,193,128 441,214 635,967 2,461,721 Weekly changes + 11,227 - 18,894 + 14,137 + 28,435 - 38,251 + 3,464 + 116 Federal agency debt securities (2) Holdings 0 2,604 13,658 6,487 0 2,347 25,096 Weekly changes - 2,000 0 + 1,500 - 1,500 0 0 - 2,000 Mortgage-backed securities (3) Holdings 0 0 0 906 9,358 1,744,468 1,754,733 Weekly changes 0 0 0 + 10 + 455 + 9,440 + 9,906 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 1,006 0 0 0 0 0 1,006 Reverse repurchase agreements (4) 312,871 0 ... ... ... ... 312,871 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 May 18, 2016 Mortgage-backed securities held outright (1) 1,754,733 Commitments to buy mortgage-backed securities (2) 29,601 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 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 Account name Wednesday May 18, 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 18, 2016 Wednesday Wednesday consolidation May 11, 2016 May 20, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,858 - 19 + 42 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,408,580 + 7,932 - 8,724 Securities held outright (1) 4,241,550 + 8,022 + 7,706 U.S. Treasury securities 2,461,721 + 116 + 1,235 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,342,292 0 - 4,351 Notes and bonds, inflation-indexed (2) 103,134 0 + 4,600 Inflation compensation (3) 16,295 + 116 + 986 Federal agency debt securities (2) 25,096 - 2,000 - 10,799 Mortgage-backed securities (4) 1,754,733 + 9,906 + 17,270 Unamortized premiums on securities held outright (5) 183,091 - 12 - 17,373 Unamortized discounts on securities held outright (5) -16,135 - 84 + 1,584 Repurchase agreements (6) 0 0 - 620 Loans 74 + 6 - 21 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 16 Items in process of collection (0) 179 + 44 + 98 Bank premises 2,220 + 1 - 21 Central bank liquidity swaps (8) 1,006 + 1,006 + 1,006 Foreign currency denominated assets (9) 20,844 - 276 + 1,048 Other assets (10) 21,104 - 13,359 - 109 Total assets (0) 4,473,741 - 4,670 - 6,643 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 18, 2016 Wednesday Wednesday consolidation May 11, 2016 May 20, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,406,583 - 234 + 85,147 Reverse repurchase agreements (11) 312,871 + 43,282 + 4,611 Deposits (0) 2,707,228 - 47,313 - 77,879 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,399,629 - 10,139 - 188,517 U.S. Treasury, General Account 277,289 - 28,553 + 103,540 Foreign official 5,203 + 29 - 28 Other (12) (0) 25,107 - 8,650 + 7,125 Deferred availability cash items (0) 391 + 67 - 106 Other liabilities and accrued dividends (13) 6,601 - 497 - 384 Total liabilities (0) 4,433,673 - 4,696 + 11,389 Capital accounts Capital paid in 30,068 + 26 + 1,018 Surplus 10,000 0 - 19,050 Other capital accounts 0 0 0 Total capital 40,068 + 26 - 18,033 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 18, 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 1,858 52 69 129 135 297 179 276 22 55 147 184 313 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,408,580 108,296 2,508,735 119,701 132,027 269,420 246,740 175,668 55,669 32,516 61,368 156,920 541,519 Securities held outright (1) 4,241,550 104,195 2,413,726 115,167 127,027 259,217 237,396 169,004 53,532 31,271 59,031 150,977 521,006 U.S. Treasury securities 2,461,721 60,473 1,400,884 66,841 73,724 150,445 137,780 98,087 31,069 18,149 34,261 87,624 302,383 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,721 60,473 1,400,884 66,841 73,724 150,445 137,780 98,087 31,069 18,149 34,261 87,624 302,383 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) 1,754,733 43,105 998,561 47,645 52,551 107,238 98,211 69,917 22,146 12,937 24,421 62,459 215,541 Unamortized premiums on securities held outright (5) 183,091 4,498 104,191 4,971 5,483 11,189 10,247 7,295 2,311 1,350 2,548 6,517 22,490 Unamortized discounts on securities held outright (5) -16,135 -396 -9,182 -438 -483 -986 -903 -643 -204 -119 -225 -574 -1,982 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 74 0 0 0 0 0 0 12 30 14 14 0 5 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 179 0 0 0 0 0 179 0 0 0 0 0 0 Bank premises 2,220 121 430 74 105 209 207 203 116 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) 20,844 921 6,879 1,147 1,587 4,648 1,157 559 214 89 208 264 3,171 Other assets (10) 21,104 560 11,501 581 638 1,462 1,191 847 364 183 348 824 2,605 Interdistrict settlement account 0 - 26,380 + 47,996 - 1,543 - 11,214 - 30,372 + 7,085 + 2,586 + 138 - 966 - 3,622 + 10,872 + 5,420 Total assets 4,473,741 84,166 2,583,061 120,713 124,178 247,059 258,989 181,343 57,043 32,255 59,151 170,460 555,323 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 18, 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 1,576,781 49,141 503,214 49,369 81,785 108,913 222,626 106,260 50,951 27,316 40,167 131,272 205,768 Less: Notes held by F.R. Banks 170,199 5,162 55,843 5,639 8,904 11,988 23,940 9,915 4,982 2,590 5,017 13,158 23,061 Federal Reserve notes, net 1,406,583 43,978 447,371 43,731 72,880 96,925 198,686 96,345 45,969 24,726 35,150 118,114 182,708 Reverse repurchase agreements (11) 312,871 7,686 178,045 8,495 9,370 19,121 17,511 12,466 3,949 2,307 4,354 11,137 38,431 Deposits 2,707,228 30,569 1,941,158 66,097 38,670 121,644 40,084 70,722 6,553 4,588 19,104 40,427 327,612 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 2,399,629 30,557 1,641,156 66,095 38,667 121,428 40,075 63,390 6,545 4,588 19,103 40,426 327,600 U.S. Treasury, General Account 277,289 0 277,289 0 0 0 0 0 0 0 0 0 0 Foreign official 5,203 2 5,176 2 3 9 2 1 0 0 0 1 6 Other (12) 25,107 11 17,537 0 0 207 7 7,331 7 0 1 1 5 Deferred availability cash items 391 0 0 0 0 0 70 0 0 321 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,571 30 969 33 36 46 94 64 21 12 18 66 182 Other liabilities and accrued dividends 5,030 160 2,384 197 201 521 327 258 133 131 127 207 383 Total liabilities 4,433,673 82,424 2,569,926 118,553 121,157 238,255 256,773 179,855 56,625 32,085 58,754 169,950 549,316 Capital Capital paid in 30,068 1,300 9,836 1,609 2,260 6,574 1,661 1,220 316 128 296 383 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 4,473,741 84,166 2,583,061 120,713 124,178 247,059 258,989 181,343 57,043 32,255 59,151 170,460 555,323 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 18, 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 18, 2016 Federal Reserve notes outstanding 1,576,781 Less: Notes held by F.R. Banks not subject to collateralization 170,199 Federal Reserve notes to be collateralized 1,406,583 Collateral held against Federal Reserve notes 1,406,583 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,390,346 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,241,550 Less: Face value of securities under reverse repurchase agreements 290,410 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,951,139 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.