FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 16, 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 Mar 15, 2017 Federal Reserve Banks Mar 15, 2017 Mar 8, 2017 Mar 16, 2016 Reserve Bank credit 4,428,478 + 7,833 - 17,762 4,431,219 Securities held outright (1) 4,245,285 + 5,176 - 2,064 4,248,325 U.S. Treasury securities 2,463,752 + 162 + 2,529 2,463,812 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,340,411 0 - 4,107 2,340,411 Notes and bonds, inflation-indexed (2) 105,901 0 + 5,021 105,901 Inflation compensation (3) 17,440 + 162 + 1,615 17,499 Federal agency debt securities (2) 13,329 0 - 17,400 13,329 Mortgage-backed securities (4) 1,768,204 + 5,015 + 12,808 1,771,184 Unamortized premiums on securities held outright (5) 170,138 - 119 - 16,207 170,126 Unamortized discounts on securities held outright (5) -15,011 + 24 + 1,373 -15,004 Repurchase agreements (6) 0 0 0 0 Loans 7 - 1 - 8 15 Primary credit 3 - 3 - 1 10 Secondary credit 0 0 0 0 Seasonal credit 3 + 1 - 8 5 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 - 17 1,707 Float -416 - 84 - 39 -376 Central bank liquidity swaps (8) 917 + 426 + 841 917 Other Federal Reserve assets (9) 25,854 + 2,411 - 1,640 25,509 Foreign currency denominated assets (10) 19,764 + 59 - 648 19,756 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 48,698 + 14 + 1,014 48,698 Total factors supplying reserve funds 4,513,181 + 7,906 - 17,397 4,515,913 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 Mar 15, 2017 Federal Reserve Banks Mar 15, 2017 Mar 8, 2017 Mar 16, 2016 Currency in circulation (11) 1,529,090 + 4,079 + 91,378 1,531,006 Reverse repurchase agreements (12) 470,115 + 29,423 + 189,776 477,012 Foreign official and international accounts 244,795 + 397 + 4,716 250,502 Others 225,320 + 29,026 + 185,059 226,510 Treasury cash holdings 253 - 6 + 15 262 Deposits with F.R. Banks, other than reserve balances 105,074 - 42,564 - 159,988 92,227 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 38,579 - 49,641 - 197,055 23,416 Foreign official 5,167 + 2 - 5 5,169 Other (13) 61,328 + 7,075 + 37,071 63,642 Other liabilities and capital (14) 48,433 + 665 + 719 47,286 Total factors, other than reserve balances, absorbing reserve funds 2,152,965 - 8,404 + 121,899 2,147,793 Reserve balances with Federal Reserve Banks 2,360,216 + 16,310 - 139,296 2,368,120 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 Mar 15, 2017 Mar 15, 2017 Mar 8, 2017 Mar 16, 2016 Securities held in custody for foreign official and international accounts 3,197,814 + 15,084 - 54,052 3,203,834 Marketable U.S. Treasury securities (1) 2,869,412 + 16,383 - 67,144 2,878,940 Federal agency debt and mortgage-backed securities (2) 265,309 - 1,196 - 969 263,460 Other securities (3) 63,093 - 102 + 14,061 61,434 Securities lent to dealers 22,292 - 832 + 2,463 23,823 Overnight facility (4) 22,292 - 832 + 2,463 23,823 U.S. Treasury securities 22,206 - 858 + 2,435 23,741 Federal agency debt securities 86 + 26 + 28 82 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, March 15, 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 10 5 0 0 0 ... 15 U.S. Treasury securities (1) Holdings 0 60,469 183,357 1,216,841 376,170 626,975 2,463,812 Weekly changes 0 + 1 + 6 + 26 + 33 + 97 + 162 Federal agency debt securities (2) Holdings 0 5,232 3,706 2,044 0 2,347 13,329 Weekly changes 0 + 737 - 737 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 172 11,415 1,759,597 1,771,184 Weekly changes 0 0 0 - 2 - 31 + 8,026 + 7,993 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 917 0 0 0 0 0 917 Reverse repurchase agreements (4) 477,012 0 ... ... ... ... 477,012 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 Mar 15, 2017 Mortgage-backed securities held outright (1) 1,771,184 Commitments to buy mortgage-backed securities (2) 24,459 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 52 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 Mar 15, 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 Mar 15, 2017 Wednesday Wednesday consolidation Mar 8, 2017 Mar 16, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,929 - 5 + 12 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,403,462 + 8,131 - 15,157 Securities held outright (1) 4,248,325 + 8,156 - 254 U.S. Treasury securities 2,463,812 + 162 + 2,573 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,340,411 0 - 4,107 Notes and bonds, inflation-indexed (2) 105,901 0 + 5,021 Inflation compensation (3) 17,499 + 162 + 1,658 Federal agency debt securities (2) 13,329 0 - 15,928 Mortgage-backed securities (4) 1,771,184 + 7,993 + 13,102 Unamortized premiums on securities held outright (5) 170,126 - 45 - 16,245 Unamortized discounts on securities held outright (5) -15,004 + 21 + 1,363 Repurchase agreements (6) 0 0 0 Loans 15 0 - 22 Net portfolio holdings of Maiden Lane LLC (7) 1,707 + 3 - 15 Items in process of collection (0) 62 - 4 - 88 Bank premises 2,197 0 - 30 Central bank liquidity swaps (8) 917 + 426 + 841 Foreign currency denominated assets (9) 19,756 + 86 - 567 Other assets (10) 23,312 + 1,103 - 1,752 Total assets (0) 4,469,577 + 9,737 - 16,756 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 Mar 15, 2017 Wednesday Wednesday consolidation Mar 8, 2017 Mar 16, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,484,495 + 2,003 + 90,540 Reverse repurchase agreements (11) 477,012 + 23,761 + 187,124 Deposits (0) 2,460,347 - 16,110 - 295,646 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,368,120 + 16,989 - 87,402 U.S. Treasury, General Account 23,416 - 42,747 - 255,665 Foreign official 5,169 + 4 - 6 Other (12) (0) 63,642 + 9,644 + 47,427 Deferred availability cash items (0) 438 - 193 + 93 Other liabilities and accrued dividends (13) 6,739 + 275 + 133 Total liabilities (0) 4,429,030 + 9,734 - 17,757 Capital accounts Capital paid in 30,548 + 4 + 1,002 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 40,548 + 4 + 1,002 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, March 15, 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 1,929 55 71 168 135 306 188 288 25 53 125 197 318 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,403,462 108,172 2,505,857 119,563 131,876 269,111 246,457 175,459 55,575 32,465 61,285 156,740 540,902 Securities held outright (1) 4,248,325 104,361 2,417,582 115,351 127,230 259,631 237,775 169,274 53,617 31,321 59,126 151,218 521,838 U.S. Treasury securities 2,463,812 60,524 1,402,074 66,898 73,787 150,573 137,898 98,170 31,095 18,165 34,290 87,699 302,640 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,463,812 60,524 1,402,074 66,898 73,787 150,573 137,898 98,170 31,095 18,165 34,290 87,699 302,640 Federal agency debt securities (2) 13,329 327 7,585 362 399 815 746 531 168 98 186 474 1,637 Mortgage-backed securities (4) 1,771,184 43,510 1,007,923 48,092 53,044 108,244 99,132 70,573 22,354 13,058 24,650 63,045 217,561 Unamortized premiums on securities held outright (5) 170,126 4,179 96,813 4,619 5,095 10,397 9,522 6,779 2,147 1,254 2,368 6,056 20,897 Unamortized discounts on securities held outright (5) -15,004 -369 -8,538 -407 -449 -917 -840 -598 -189 -111 -209 -534 -1,843 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 15 0 0 0 0 0 0 5 0 0 0 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 62 0 0 0 0 0 61 0 0 1 0 0 0 Bank premises 2,197 118 437 71 108 202 205 200 113 89 238 222 195 Central bank liquidity swaps (8) 917 41 303 50 70 205 51 25 9 4 9 12 140 Foreign currency denominated assets (9) 19,756 873 6,519 1,087 1,505 4,406 1,097 529 203 84 197 250 3,005 Other assets (10) 23,312 605 12,663 639 697 1,605 1,310 926 572 190 373 883 2,848 Interdistrict settlement account 0 - 11,494 - 187,372 + 6,125 + 12,989 + 8,324 + 28,562 + 40,307 + 8,859 + 4,691 + 8,471 + 33,871 + 46,666 Total assets 4,469,577 98,921 2,345,590 128,273 148,203 285,330 280,126 218,912 65,866 37,860 71,146 193,331 596,019 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, March 15, 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 1,656,833 55,030 531,061 53,633 81,969 119,015 225,729 113,743 50,111 29,385 46,600 138,529 212,030 Less: Notes held by F.R. Banks 172,339 5,601 48,233 5,741 9,541 12,362 24,669 11,702 4,681 3,372 5,416 15,374 25,647 Federal Reserve notes, net 1,484,495 49,429 482,828 47,892 72,428 106,653 201,060 102,040 45,431 26,012 41,184 123,155 186,383 Reverse repurchase agreements (11) 477,012 11,718 271,452 12,952 14,286 29,152 26,698 19,006 6,020 3,517 6,639 16,979 58,593 Deposits 2,460,347 35,805 1,574,971 65,003 57,936 140,171 49,535 95,829 13,811 7,632 22,780 52,404 344,470 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 2,368,120 35,797 1,516,084 65,001 57,933 140,004 49,526 62,703 13,796 7,632 22,778 52,403 344,462 U.S. Treasury, General Account 23,416 0 23,416 0 0 0 0 0 0 0 0 0 0 Foreign official 5,169 2 5,142 2 3 9 2 1 0 0 0 1 6 Other (12) 63,642 6 30,328 0 0 158 7 33,124 15 0 1 1 2 Deferred availability cash items 438 0 0 0 0 0 53 0 0 384 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,879 47 1,073 51 62 122 108 68 19 17 19 66 229 Other liabilities and accrued dividends 4,860 169 2,255 193 192 473 316 274 135 127 129 205 392 Total liabilities 4,429,030 97,167 2,332,578 126,091 144,903 276,571 277,770 217,217 65,415 37,689 70,751 192,810 590,067 Capital Capital paid in 30,548 1,321 9,810 1,645 2,485 6,598 1,773 1,276 341 129 298 393 4,479 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 4,469,577 98,921 2,345,590 128,273 148,203 285,330 280,126 218,912 65,866 37,860 71,146 193,331 596,019 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, March 15, 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 Mar 15, 2017 Federal Reserve notes outstanding 1,656,833 Less: Notes held by F.R. Banks not subject to collateralization 172,339 Federal Reserve notes to be collateralized 1,484,495 Collateral held against Federal Reserve notes 1,484,495 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,468,258 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,248,325 Less: Face value of securities under reverse repurchase agreements 456,762 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,791,563 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.