FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 10, 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 Nov 9, 2016 Federal Reserve Banks Nov 9, 2016 Nov 2, 2016 Nov 11, 2015 Reserve Bank credit 4,414,728 + 1,971 - 38,546 4,415,454 Securities held outright (1) 4,217,970 + 71 - 22,011 4,217,995 U.S. Treasury securities 2,463,629 + 65 + 1,897 2,463,654 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,340,674 - 173 - 5,965 2,340,674 Notes and bonds, inflation-indexed (2) 105,526 + 173 + 6,992 105,526 Inflation compensation (3) 17,429 + 65 + 870 17,454 Federal agency debt securities (2) 18,493 0 - 15,653 18,493 Mortgage-backed securities (4) 1,735,848 + 5 - 8,255 1,735,848 Unamortized premiums on securities held outright (5) 175,503 - 333 - 16,349 175,402 Unamortized discounts on securities held outright (5) -15,274 + 41 + 1,546 -15,263 Repurchase agreements (6) 0 0 0 0 Loans 28 - 30 - 93 32 Primary credit 1 - 3 0 0 Secondary credit 0 0 0 0 Seasonal credit 27 - 26 - 92 32 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,708 + 2 - 5 1,708 Float -356 + 479 - 502 -538 Central bank liquidity swaps (8) 1,000 - 15 + 859 1,000 Other Federal Reserve assets (9) 34,149 + 1,756 - 1,990 35,118 Foreign currency denominated assets (10) 21,092 + 176 + 1,749 20,875 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,295 + 14 + 818 48,295 Total factors supplying reserve funds 4,500,356 + 2,161 - 35,979 4,500,864 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 Nov 9, 2016 Federal Reserve Banks Nov 9, 2016 Nov 2, 2016 Nov 11, 2015 Currency in circulation (11) 1,486,273 + 7,061 + 82,890 1,489,610 Reverse repurchase agreements (12) 370,188 - 24,943 + 97,218 363,349 Foreign official and international accounts 235,190 - 4,515 + 40,237 232,356 Others 134,998 - 20,428 + 56,980 130,993 Treasury cash holdings 186 + 4 - 55 195 Deposits with F.R. Banks, other than reserve balances 419,824 - 49,266 + 282,333 410,637 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 376,217 - 41,448 + 269,092 365,454 Foreign official 5,234 + 61 - 273 5,517 Other (13) 38,372 - 7,881 + 13,513 39,666 Other liabilities and capital (14) 48,215 + 1,622 - 18,059 46,992 Total factors, other than reserve balances, absorbing reserve funds 2,324,685 - 65,523 + 444,326 2,310,782 Reserve balances with Federal Reserve Banks 2,175,670 + 67,683 - 480,306 2,190,082 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 Nov 9, 2016 Nov 9, 2016 Nov 2, 2016 Nov 11, 2015 Securities held in custody for foreign official and international accounts 3,111,376 - 8,965 - 191,956 3,114,260 Marketable U.S. Treasury securities (1) 2,790,985 - 9,652 - 191,390 2,793,815 Federal agency debt and mortgage-backed securities (2) 259,861 + 444 - 14,985 259,750 Other securities (3) 60,530 + 244 + 14,418 60,695 Securities lent to dealers 20,462 - 919 + 3,295 18,326 Overnight facility (4) 20,462 - 919 + 3,295 18,326 U.S. Treasury securities 20,436 - 920 + 3,316 18,295 Federal agency debt securities 26 + 1 - 21 31 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 9, 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 7 26 0 0 0 ... 32 U.S. Treasury securities (1) Holdings 13,573 32,691 148,239 1,198,574 435,177 635,400 2,463,654 Weekly changes 0 + 2 + 1 + 12 + 12 + 42 + 68 Federal agency debt securities (2) Holdings 0 2,313 9,423 4,410 0 2,347 18,493 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 1,582 11,198 1,723,068 1,735,848 Weekly changes 0 0 0 0 + 290 - 289 + 1 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 1,000 0 0 0 0 0 1,000 Reverse repurchase agreements (4) 363,349 0 ... ... ... ... 363,349 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 Nov 9, 2016 Mortgage-backed securities held outright (1) 1,735,848 Commitments to buy mortgage-backed securities (2) 55,178 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 4 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 Nov 9, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,708 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 September 30, 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 Nov 9, 2016 Wednesday Wednesday consolidation Nov 2, 2016 Nov 11, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,878 - 6 - 7 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,378,166 - 209 - 36,838 Securities held outright (1) 4,217,995 + 70 - 21,972 U.S. Treasury securities 2,463,654 + 68 + 1,936 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,340,674 0 - 5,965 Notes and bonds, inflation-indexed (2) 105,526 0 + 6,992 Inflation compensation (3) 17,454 + 69 + 909 Federal agency debt securities (2) 18,493 0 - 15,653 Mortgage-backed securities (4) 1,735,848 + 1 - 8,255 Unamortized premiums on securities held outright (5) 175,402 - 306 - 16,331 Unamortized discounts on securities held outright (5) -15,263 + 31 + 1,546 Repurchase agreements (6) 0 0 0 Loans 32 - 3 - 80 Net portfolio holdings of Maiden Lane LLC (7) 1,708 0 - 5 Items in process of collection (0) 105 + 30 - 581 Bank premises 2,200 + 1 - 31 Central bank liquidity swaps (8) 1,000 - 15 + 859 Foreign currency denominated assets (9) 20,875 - 432 + 1,617 Other assets (10) 32,918 + 2,630 - 1,939 Total assets (0) 4,455,087 + 2,000 - 36,925 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 Nov 9, 2016 Wednesday Wednesday consolidation Nov 2, 2016 Nov 11, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,443,384 + 5,049 + 83,053 Reverse repurchase agreements (11) 363,349 - 51,589 + 86,350 Deposits (0) 2,600,719 + 48,537 - 186,286 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,190,082 + 52,873 - 469,256 U.S. Treasury, General Account 365,454 - 6,440 + 269,005 Foreign official 5,517 + 345 + 159 Other (12) (0) 39,666 + 1,759 + 13,807 Deferred availability cash items (0) 643 + 139 - 84 Other liabilities and accrued dividends (13) 6,746 - 193 - 1,551 Total liabilities (0) 4,414,841 + 1,943 - 18,519 Capital accounts Capital paid in 30,246 + 58 + 920 Surplus 10,000 0 - 19,326 Other capital accounts 0 0 0 Total capital 40,246 + 58 - 18,407 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, November 9, 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 1,878 49 71 162 132 303 177 281 30 53 125 183 313 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,378,166 107,550 2,491,452 118,876 131,118 267,564 245,046 174,448 55,257 32,291 60,938 155,845 537,783 Securities held outright (1) 4,217,995 103,616 2,400,322 114,528 126,322 257,777 236,078 168,066 53,234 31,097 58,703 150,138 518,113 U.S. Treasury securities 2,463,654 60,520 1,401,984 66,894 73,782 150,563 137,889 98,164 31,093 18,163 34,288 87,693 302,620 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,654 60,520 1,401,984 66,894 73,782 150,563 137,889 98,164 31,093 18,163 34,288 87,693 302,620 Federal agency debt securities (2) 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272 Mortgage-backed securities (4) 1,735,848 42,642 987,814 47,132 51,986 106,084 97,154 69,165 21,908 12,798 24,158 61,787 213,221 Unamortized premiums on securities held outright (5) 175,402 4,309 99,815 4,763 5,253 10,719 9,817 6,989 2,214 1,293 2,441 6,243 21,545 Unamortized discounts on securities held outright (5) -15,263 -375 -8,686 -414 -457 -933 -854 -608 -193 -113 -212 -543 -1,875 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 32 0 0 0 0 0 5 2 1 13 6 6 0 Net portfolio holdings of Maiden Lane LLC (7) 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0 Items in process of collection 105 0 0 0 0 0 104 0 0 0 0 0 0 Bank premises 2,200 118 431 71 105 204 206 201 114 90 239 224 196 Central bank liquidity swaps (8) 1,000 44 330 55 76 223 56 27 10 4 10 13 152 Foreign currency denominated assets (9) 20,875 922 6,889 1,148 1,590 4,655 1,159 559 214 89 208 265 3,175 Other assets (10) 32,918 847 18,255 900 992 2,171 1,862 1,330 510 274 514 1,214 4,050 Interdistrict settlement account 0 - 19,063 - 21,065 - 7,425 - 5,548 - 9,847 + 8,976 + 1,957 + 4,220 + 3,339 + 1,805 + 21,774 + 20,879 Total assets 4,455,087 91,019 2,503,476 114,356 129,287 266,445 259,780 179,980 60,865 36,424 64,289 180,673 568,493 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, November 9, 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 1,618,778 50,186 525,517 51,478 80,446 113,781 223,198 109,315 49,778 28,185 43,421 134,189 209,285 Less: Notes held by F.R. Banks 175,394 6,205 45,064 6,552 9,396 13,844 26,944 11,503 5,475 3,111 5,717 15,495 26,089 Federal Reserve notes, net 1,443,384 43,980 480,453 44,926 71,049 99,938 196,253 97,812 44,303 25,074 37,704 118,694 183,196 Reverse repurchase agreements (11) 363,349 8,926 206,770 9,866 10,882 22,206 20,336 14,478 4,586 2,679 5,057 12,933 44,632 Deposits 2,600,719 36,169 1,799,788 57,152 43,882 134,934 40,449 65,860 11,376 7,798 20,981 48,249 334,080 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 2,190,082 36,162 1,398,801 57,150 43,879 134,653 40,440 56,538 11,363 7,798 20,979 48,248 334,072 U.S. Treasury, General Account 365,454 0 365,454 0 0 0 0 0 0 0 0 0 0 Foreign official 5,517 2 5,490 2 3 9 2 1 0 0 0 1 6 Other (12) 39,666 5 30,043 0 0 273 7 9,321 13 0 1 1 2 Deferred availability cash items 643 0 0 0 0 0 95 0 0 549 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,659 32 1,059 33 32 40 91 70 20 11 22 65 185 Other liabilities and accrued dividends 5,087 162 2,368 198 204 526 334 263 145 143 129 217 398 Total liabilities 4,414,841 89,269 2,490,437 112,175 126,049 257,643 257,558 178,483 60,430 36,254 63,893 180,158 562,490 Capital Capital paid in 30,246 1,308 9,740 1,631 2,476 6,571 1,667 1,228 332 127 296 388 4,481 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 4,455,087 91,019 2,503,476 114,356 129,287 266,445 259,780 179,980 60,865 36,424 64,289 180,673 568,493 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, November 9, 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 Nov 9, 2016 Federal Reserve notes outstanding 1,618,778 Less: Notes held by F.R. Banks not subject to collateralization 175,394 Federal Reserve notes to be collateralized 1,443,384 Collateral held against Federal Reserve notes 1,443,384 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,427,147 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,217,995 Less: Face value of securities under reverse repurchase agreements 340,522 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,877,473 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.