FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 26, 2017 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 Jan 25, 2017 Federal Reserve Banks Jan 25, 2017 Jan 18, 2017 Jan 27, 2016 Reserve Bank credit 4,419,160 + 5,885 - 32,138 4,414,109 Securities held outright (1) 4,227,656 + 6,569 - 15,773 4,224,236 U.S. Treasury securities 2,463,478 - 39 + 2,117 2,463,462 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,342,206 + 2,216 - 4,433 2,342,206 Notes and bonds, inflation-indexed (2) 104,106 - 1,850 + 5,572 104,106 Inflation compensation (3) 17,165 - 406 + 977 17,149 Federal agency debt securities (2) 16,180 0 - 15,138 16,180 Mortgage-backed securities (4) 1,747,998 + 6,608 - 2,752 1,744,594 Unamortized premiums on securities held outright (5) 171,805 - 464 - 16,561 171,505 Unamortized discounts on securities held outright (5) -15,083 - 33 + 1,372 -15,071 Repurchase agreements (6) 0 0 0 0 Loans 11 - 1 - 29 4 Primary credit 8 - 3 - 18 0 Secondary credit 0 0 0 0 Seasonal credit 3 + 2 - 11 4 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 - 13 1,707 Float -372 + 93 - 215 -516 Central bank liquidity swaps (8) 486 - 129 + 384 465 Other Federal Reserve assets (9) 32,951 - 151 - 1,304 31,778 Foreign currency denominated assets (10) 19,857 + 57 + 127 19,958 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,590 + 14 + 985 48,590 Total factors supplying reserve funds 4,503,849 + 5,957 - 31,024 4,498,898 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 Jan 25, 2017 Federal Reserve Banks Jan 25, 2017 Jan 18, 2017 Jan 27, 2016 Currency in circulation (11) 1,500,337 - 2,868 + 87,254 1,499,320 Reverse repurchase agreements (12) 389,383 + 32,611 + 95,230 361,564 Foreign official and international accounts 252,260 - 1,521 + 33,061 253,204 Others 137,123 + 34,132 + 62,169 108,360 Treasury cash holdings 204 + 20 - 73 216 Deposits with F.R. Banks, other than reserve balances 449,927 + 9,359 + 64,623 454,724 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 390,842 + 24,752 + 48,846 401,735 Foreign official 5,179 + 13 - 61 5,165 Other (13) 53,906 - 15,406 + 15,838 47,824 Other liabilities and capital (14) 47,501 - 1,469 + 1,196 46,061 Total factors, other than reserve balances, absorbing reserve funds 2,387,351 + 37,653 + 248,229 2,361,886 Reserve balances with Federal Reserve Banks 2,116,497 - 31,698 - 279,255 2,137,012 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 Jan 25, 2017 Jan 25, 2017 Jan 18, 2017 Jan 27, 2016 Securities held in custody for foreign official and international accounts 3,170,621 + 787 - 96,470 3,171,990 Marketable U.S. Treasury securities (1) 2,854,832 + 4,493 - 100,933 2,854,953 Federal agency debt and mortgage-backed securities (2) 255,501 - 4,655 - 8,450 256,236 Other securities (3) 60,288 + 949 + 12,913 60,801 Securities lent to dealers 16,299 - 2,807 + 2,870 14,081 Overnight facility (4) 16,299 - 2,807 + 2,870 14,081 U.S. Treasury securities 16,252 - 2,805 + 2,898 14,034 Federal agency debt securities 47 - 2 - 29 47 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, January 25, 2017 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 4 0 0 0 0 ... 4 U.S. Treasury securities (1) Holdings 7,356 34,350 153,339 1,233,263 405,066 630,088 2,463,462 Weekly changes 0 0 - 2 - 7 - 9 - 25 - 42 Federal agency debt securities (2) Holdings 0 4,351 7,438 2,044 0 2,347 16,180 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 120 10,613 1,733,860 1,744,594 Weekly changes 0 0 0 + 37 - 244 - 6,140 - 6,346 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 465 0 0 0 0 0 465 Reverse repurchase agreements (4) 361,564 0 ... ... ... ... 361,564 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 Jan 25, 2017 Mortgage-backed securities held outright (1) 1,744,594 Commitments to buy mortgage-backed securities (2) 33,835 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 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 Jan 25, 2017 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 December 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 Jan 25, 2017 Wednesday Wednesday consolidation Jan 18, 2017 Jan 27, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,938 + 27 - 33 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,380,674 - 7,113 - 27,876 Securities held outright (1) 4,224,236 - 6,389 - 12,602 U.S. Treasury securities 2,463,462 - 42 + 2,121 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,342,206 0 - 4,433 Notes and bonds, inflation-indexed (2) 104,106 0 + 5,572 Inflation compensation (3) 17,149 - 43 + 981 Federal agency debt securities (2) 16,180 0 - 15,138 Mortgage-backed securities (4) 1,744,594 - 6,346 + 415 Unamortized premiums on securities held outright (5) 171,505 - 711 - 16,520 Unamortized discounts on securities held outright (5) -15,071 + 31 + 1,366 Repurchase agreements (6) 0 0 0 Loans 4 - 44 - 120 Net portfolio holdings of Maiden Lane LLC (7) 1,707 + 2 - 15 Items in process of collection (0) 81 - 34 - 114 Bank premises 2,205 + 1 - 33 Central bank liquidity swaps (8) 465 - 150 + 363 Foreign currency denominated assets (9) 19,958 + 51 + 224 Other assets (10) 29,573 - 704 - 2,027 Total assets (0) 4,452,838 - 7,920 - 29,511 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 Jan 25, 2017 Wednesday Wednesday consolidation Jan 18, 2017 Jan 27, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,452,880 - 3,898 + 84,693 Reverse repurchase agreements (11) 361,564 - 21,313 + 52,459 Deposits (0) 2,591,736 + 20,108 - 167,522 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,137,012 + 18,194 - 262,255 U.S. Treasury, General Account 401,735 + 4,819 + 63,762 Foreign official 5,165 0 - 68 Other (12) (0) 47,824 - 2,904 + 31,038 Deferred availability cash items (0) 596 - 173 + 130 Other liabilities and accrued dividends (13) 5,611 - 2,649 - 218 Total liabilities (0) 4,412,387 - 7,925 - 30,458 Capital accounts Capital paid in 30,450 + 4 + 946 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 40,450 + 4 + 946 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, January 25, 2017 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 1,938 53 77 163 137 312 197 288 32 53 117 198 312 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,380,674 107,613 2,492,895 118,945 131,194 267,719 245,183 174,547 55,288 32,298 60,970 155,929 538,095 Securities held outright (1) 4,224,236 103,769 2,403,873 114,697 126,509 258,159 236,427 168,314 53,313 31,143 58,790 150,361 518,879 U.S. Treasury securities 2,463,462 60,516 1,401,875 66,888 73,777 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,597 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,462 60,516 1,401,875 66,888 73,777 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,597 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) 1,744,594 42,856 992,791 47,370 52,248 106,619 97,643 69,513 22,018 12,862 24,280 62,098 214,295 Unamortized premiums on securities held outright (5) 171,505 4,213 97,598 4,657 5,136 10,481 9,599 6,834 2,165 1,264 2,387 6,105 21,067 Unamortized discounts on securities held outright (5) -15,071 -370 -8,576 -409 -451 -921 -844 -600 -190 -111 -210 -536 -1,851 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 4 1 0 0 0 0 0 0 0 1 2 0 0 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 81 0 0 0 0 0 80 0 0 1 0 0 0 Bank premises 2,205 118 437 72 107 203 206 201 113 89 239 223 196 Central bank liquidity swaps (8) 465 21 153 26 35 104 26 12 5 2 5 6 71 Foreign currency denominated assets (9) 19,958 882 6,587 1,098 1,520 4,451 1,108 535 205 85 199 253 3,036 Other assets (10) 29,573 769 16,334 807 892 1,980 1,672 1,183 454 237 469 1,144 3,632 Interdistrict settlement account 0 - 24,605 + 55,850 - 8,366 - 14,558 - 14,282 + 5,705 + 7,302 + 3,763 + 1,652 + 2,387 + 12,937 - 27,785 Total assets 4,452,838 85,402 2,579,446 113,312 120,150 261,659 256,372 185,246 60,369 34,700 64,834 171,847 519,501 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, January 25, 2017 (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 1,644,410 53,968 534,303 51,861 80,838 118,788 225,470 109,268 49,212 28,576 45,961 136,215 209,950 Less: Notes held by F.R. Banks 191,530 6,304 49,011 7,134 9,726 15,104 28,492 12,892 5,845 3,291 6,152 17,844 29,735 Federal Reserve notes, net 1,452,880 47,663 485,292 44,728 71,112 103,684 196,978 96,376 43,367 25,285 39,809 118,371 180,215 Reverse repurchase agreements (11) 361,564 8,882 205,754 9,817 10,828 22,097 20,236 14,406 4,563 2,666 5,032 12,870 44,412 Deposits 2,591,736 26,913 1,872,779 56,376 34,737 126,551 36,313 72,551 11,856 5,969 19,462 39,832 288,397 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 2,137,012 26,906 1,434,036 56,373 34,734 126,475 36,304 56,701 11,834 5,968 19,461 39,830 288,389 U.S. Treasury, General Account 401,735 0 401,735 0 0 0 0 0 0 0 0 0 0 Foreign official 5,165 2 5,138 2 3 9 2 1 0 0 0 1 6 Other (12) 47,824 5 31,870 0 0 67 7 15,849 22 0 1 2 2 Deferred availability cash items 596 0 0 0 0 0 126 0 0 470 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,116 25 708 37 -7 116 45 -49 10 2 6 52 172 Other liabilities and accrued dividends 4,495 166 1,962 180 185 462 316 269 131 137 132 205 349 Total liabilities 4,412,387 83,648 2,566,496 111,138 116,856 252,909 254,014 183,553 59,927 34,529 64,441 171,330 513,545 Capital Capital paid in 30,450 1,320 9,748 1,637 2,479 6,588 1,774 1,274 333 129 296 389 4,483 Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,452,838 85,402 2,579,446 113,312 120,150 261,659 256,372 185,246 60,369 34,700 64,834 171,847 519,501 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, January 25, 2017 (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 Jan 25, 2017 Federal Reserve notes outstanding 1,644,410 Less: Notes held by F.R. Banks not subject to collateralization 191,530 Federal Reserve notes to be collateralized 1,452,880 Collateral held against Federal Reserve notes 1,452,880 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,436,643 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,224,236 Less: Face value of securities under reverse repurchase agreements 347,075 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,877,161 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.