FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 29, 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 Dec 28, 2016 Federal Reserve Banks Dec 28, 2016 Dec 21, 2016 Dec 30, 2015 Reserve Bank credit 4,427,224 + 3,658 - 27,428 4,413,259 Securities held outright (1) 4,233,391 + 2,493 - 14,475 4,221,168 U.S. Treasury securities 2,463,591 + 38 + 2,033 2,463,601 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,339,103 0 - 7,536 2,339,103 Notes and bonds, inflation-indexed (2) 106,697 0 + 8,163 106,697 Inflation compensation (3) 17,791 + 38 + 1,406 17,801 Federal agency debt securities (2) 16,180 - 181 - 16,764 16,180 Mortgage-backed securities (4) 1,753,620 + 2,637 + 255 1,741,387 Unamortized premiums on securities held outright (5) 173,584 - 361 - 16,249 173,109 Unamortized discounts on securities held outright (5) -15,104 + 36 + 1,482 -15,092 Repurchase agreements (6) 0 0 0 0 Loans 44 + 9 - 189 47 Primary credit 15 + 8 - 146 17 Secondary credit 0 0 0 0 Seasonal credit 29 + 1 - 43 31 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 - 9 1,707 Float -286 + 106 - 75 -691 Central bank liquidity swaps (8) 4,826 + 83 + 3,829 4,826 Other Federal Reserve assets (9) 29,061 + 1,291 - 1,744 28,184 Foreign currency denominated assets (10) 19,367 + 38 - 370 19,288 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,538 + 14 + 975 48,538 Total factors supplying reserve funds 4,511,369 + 3,708 - 26,824 4,497,326 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 Dec 28, 2016 Federal Reserve Banks Dec 28, 2016 Dec 21, 2016 Dec 30, 2015 Currency in circulation (11) 1,506,076 + 6,757 + 82,342 1,509,076 Reverse repurchase agreements (12) 540,549 + 47,777 + 136,135 573,757 Foreign official and international accounts 247,280 - 7,902 + 32,106 249,845 Others 293,269 + 55,679 + 104,029 323,912 Treasury cash holdings 164 + 5 - 92 166 Deposits with F.R. Banks, other than reserve balances 465,071 + 19,364 + 120,061 424,956 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 380,679 - 7,818 + 90,212 372,825 Foreign official 5,166 - 33 - 214 5,165 Other (13) 79,227 + 27,215 + 30,064 46,966 Other liabilities and capital (14) 46,954 + 260 - 11,584 46,395 Total factors, other than reserve balances, absorbing reserve funds 2,558,814 + 74,162 + 326,862 2,554,351 Reserve balances with Federal Reserve Banks 1,952,555 - 70,454 - 353,686 1,942,975 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 Dec 28, 2016 Dec 28, 2016 Dec 21, 2016 Dec 30, 2015 Securities held in custody for foreign official and international accounts 3,179,877 + 8,023 - 144,034 3,181,626 Marketable U.S. Treasury securities (1) 2,858,943 + 9,257 - 149,530 2,860,887 Federal agency debt and mortgage-backed securities (2) 261,539 - 1,231 - 7,229 261,364 Other securities (3) 59,395 - 3 + 12,725 59,375 Securities lent to dealers 21,987 + 315 + 6,183 21,270 Overnight facility (4) 21,987 + 315 + 6,183 21,270 U.S. Treasury securities 21,971 + 321 + 6,287 21,221 Federal agency debt securities 16 - 6 - 104 49 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, December 28, 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 47 0 0 0 0 ... 47 U.S. Treasury securities (1) Holdings 11,702 30,795 146,822 1,241,849 399,275 633,160 2,463,601 Weekly changes 0 + 1 + 1 + 6 + 7 + 22 + 35 Federal agency debt securities (2) Holdings 0 2,851 8,938 2,044 0 2,347 16,180 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 77 10,584 1,730,726 1,741,387 Weekly changes 0 0 0 - 1 - 261 - 16,833 - 17,094 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 4,826 0 0 0 0 0 4,826 Reverse repurchase agreements (4) 573,757 0 ... ... ... ... 573,757 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 Dec 28, 2016 Mortgage-backed securities held outright (1) 1,741,387 Commitments to buy mortgage-backed securities (2) 35,182 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 7 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 Dec 28, 2016 Net portfolio holdings of Maiden Lane LLC (1) 1,707 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 Dec 28, 2016 Wednesday Wednesday consolidation Dec 21, 2016 Dec 30, 2015 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,874 + 2 - 13 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,379,233 - 17,875 - 36,331 Securities held outright (1) 4,221,168 - 17,059 - 20,797 U.S. Treasury securities 2,463,601 + 35 + 2,047 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,339,103 0 - 7,536 Notes and bonds, inflation-indexed (2) 106,697 0 + 8,163 Inflation compensation (3) 17,801 + 35 + 1,420 Federal agency debt securities (2) 16,180 0 - 16,764 Mortgage-backed securities (4) 1,741,387 - 17,094 - 6,080 Unamortized premiums on securities held outright (5) 173,109 - 858 - 16,430 Unamortized discounts on securities held outright (5) -15,092 + 35 + 1,483 Repurchase agreements (6) 0 0 0 Loans 47 + 5 - 588 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 - 10 Items in process of collection (0) 94 + 28 - 59 Bank premises 2,210 + 6 - 34 Central bank liquidity swaps (8) 4,826 + 83 + 3,829 Foreign currency denominated assets (9) 19,288 - 30 - 469 Other assets (10) 25,983 + 149 - 2,046 Total assets (0) 4,451,451 - 17,638 - 35,136 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 Dec 28, 2016 Wednesday Wednesday consolidation Dec 21, 2016 Dec 30, 2015 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,462,574 + 6,073 + 81,815 Reverse repurchase agreements (11) 573,757 + 13,585 + 75,238 Deposits (0) 2,367,939 - 37,667 - 192,731 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,942,983 - 19,784 - 265,700 U.S. Treasury, General Account 372,825 - 14,189 + 47,979 Foreign official 5,165 - 16 - 66 Other (12) (0) 46,966 - 3,677 + 25,056 Deferred availability cash items (0) 785 + 310 + 501 Other liabilities and accrued dividends (13) 5,953 + 60 - 950 Total liabilities (0) 4,411,008 - 17,639 - 36,128 Capital accounts Capital paid in 30,443 + 1 + 992 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 40,443 + 1 + 992 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, December 28, 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 1,874 46 67 161 138 306 187 279 29 51 113 189 308 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,379,233 107,577 2,492,050 118,906 131,149 267,628 245,099 174,498 55,271 32,297 60,958 155,876 537,922 Securities held outright (1) 4,221,168 103,694 2,402,128 114,614 126,417 257,971 236,255 168,192 53,275 31,121 58,748 150,251 518,502 U.S. Treasury securities 2,463,601 60,519 1,401,954 66,892 73,781 150,560 137,886 98,162 31,093 18,163 34,287 87,691 302,614 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,601 60,519 1,401,954 66,892 73,781 150,560 137,886 98,162 31,093 18,163 34,287 87,691 302,614 Federal agency debt securities (2) 16,180 397 9,208 439 485 989 906 645 204 119 225 576 1,987 Mortgage-backed securities (4) 1,741,387 42,778 990,966 47,282 52,152 106,423 97,464 69,385 21,978 12,838 24,236 61,984 213,901 Unamortized premiums on securities held outright (5) 173,109 4,252 98,510 4,700 5,184 10,579 9,689 6,897 2,185 1,276 2,409 6,162 21,264 Unamortized discounts on securities held outright (5) -15,092 -371 -8,588 -410 -452 -922 -845 -601 -190 -111 -210 -537 -1,854 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 47 1 0 2 0 0 0 10 2 11 11 0 10 Net portfolio holdings of Maiden Lane LLC (7) 1,707 0 1,707 0 0 0 0 0 0 0 0 0 0 Items in process of collection 94 0 0 0 0 0 93 0 0 0 0 0 0 Bank premises 2,210 119 441 72 107 203 206 201 114 90 239 224 196 Central bank liquidity swaps (8) 4,826 213 1,592 266 368 1,076 268 129 50 21 48 61 734 Foreign currency denominated assets (9) 19,288 852 6,365 1,061 1,469 4,301 1,071 517 198 82 193 245 2,934 Other assets (10) 25,983 674 14,274 710 779 1,745 1,470 1,039 389 212 417 1,082 3,192 Interdistrict settlement account 0 - 14,243 - 60,988 - 9,489 + 236 - 2,055 + 22,226 + 17,363 + 3,363 + 4,002 + 4,141 + 21,256 + 14,188 Total assets 4,451,451 95,789 2,460,914 112,256 135,069 274,376 272,815 195,203 59,923 37,038 66,558 180,089 561,420 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, December 28, 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 1,638,669 52,737 534,978 51,957 80,322 117,463 224,571 108,987 49,542 28,333 44,406 135,823 209,551 Less: Notes held by F.R. Banks 176,095 5,563 50,588 6,414 8,424 12,801 24,908 10,776 5,159 2,970 5,615 16,328 26,549 Federal Reserve notes, net 1,462,574 47,173 484,389 45,543 71,898 104,662 199,663 98,211 44,383 25,363 38,790 119,495 183,002 Reverse repurchase agreements (11) 573,757 14,094 326,506 15,579 17,183 35,064 32,113 22,861 7,241 4,230 7,985 20,423 70,477 Deposits 2,367,939 32,575 1,634,189 48,717 42,504 125,208 38,185 72,287 7,723 6,470 19,247 39,402 301,433 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 1,942,983 32,569 1,225,320 48,714 42,501 125,045 38,176 56,416 7,703 6,469 19,243 39,401 301,425 U.S. Treasury, General Account 372,825 0 372,825 0 0 0 0 0 0 0 0 0 0 Foreign official 5,165 2 5,139 2 3 9 2 1 0 0 0 1 6 Other (12) 46,966 4 30,906 0 0 154 7 15,869 19 0 4 1 2 Deferred availability cash items 785 0 0 0 0 0 122 0 0 663 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,397 33 828 34 40 77 83 47 13 10 18 56 159 Other liabilities and accrued dividends 4,556 152 1,954 196 203 555 318 255 128 132 121 198 345 Total liabilities 4,411,008 94,027 2,447,867 110,069 131,828 265,567 270,484 193,661 59,487 36,867 66,162 179,573 555,416 Capital Capital paid in 30,443 1,320 9,748 1,637 2,480 6,579 1,776 1,274 333 129 296 389 4,483 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 4,451,451 95,789 2,460,914 112,256 135,069 274,376 272,815 195,203 59,923 37,038 66,558 180,089 561,420 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, December 28, 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 Dec 28, 2016 Federal Reserve notes outstanding 1,638,669 Less: Notes held by F.R. Banks not subject to collateralization 176,095 Federal Reserve notes to be collateralized 1,462,574 Collateral held against Federal Reserve notes 1,462,574 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,446,337 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,221,168 Less: Face value of securities under reverse repurchase agreements 558,159 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,663,009 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.