FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 30, 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 Nov 29, 2017 Federal Reserve Banks Nov 29, 2017 Nov 22, 2017 Nov 30, 2016 Reserve Bank credit 4,405,898 - 4,096 - 5,034 4,397,722 Securities held outright (1) 4,235,014 - 4,476 + 9,393 4,228,444 U.S. Treasury securities 2,456,900 + 155 - 6,933 2,456,959 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,327,698 0 - 12,809 2,327,698 Notes and bonds, inflation-indexed (2) 109,537 0 + 3,844 109,537 Inflation compensation (3) 19,666 + 156 + 2,034 19,724 Federal agency debt securities (2) 4,391 - 338 - 14,102 4,391 Mortgage-backed securities (4) 1,773,723 - 4,293 + 30,428 1,767,095 Unamortized premiums on securities held outright (5) 160,463 - 421 - 14,524 160,163 Unamortized discounts on securities held outright (5) -14,236 + 29 + 969 -14,225 Repurchase agreements (6) 0 - 9 0 0 Loans 50 - 17 + 12 67 Primary credit 6 - 11 - 2 24 Secondary credit 0 0 0 0 Seasonal credit 44 - 6 + 14 43 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,710 0 + 9 1,709 Float -447 - 125 + 160 -1,446 Central bank liquidity swaps (8) 35 0 - 1,142 35 Other Federal Reserve assets (9) 23,309 + 923 + 88 22,975 Foreign currency denominated assets (10) 21,356 + 182 + 1,525 21,296 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,287 + 14 + 809 49,287 Total factors supplying reserve funds 4,492,782 - 3,900 - 2,700 4,484,546 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 29, 2017 Federal Reserve Banks Nov 29, 2017 Nov 22, 2017 Nov 30, 2016 Currency in circulation (11) 1,599,215 + 4,670 + 104,423 1,599,963 Reverse repurchase agreements (12) 278,286 + 11,865 - 111,063 294,644 Foreign official and international accounts 231,096 + 2,725 - 18,726 227,625 Others 47,190 + 9,139 - 92,338 67,019 Treasury cash holdings 203 - 2 + 37 202 Deposits with F.R. Banks, other than reserve balances 271,785 + 25,233 - 196,403 271,340 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 172,282 + 8,703 - 237,078 178,685 Foreign official 5,166 0 - 9 5,167 Other (13) 94,336 + 16,530 + 40,683 87,488 Other liabilities and capital (14) 48,398 - 655 + 2,096 47,226 Total factors, other than reserve balances, absorbing reserve funds 2,197,886 + 41,111 - 200,912 2,213,375 Reserve balances with Federal Reserve Banks 2,294,895 - 45,012 + 198,211 2,271,171 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 29, 2017 Nov 29, 2017 Nov 22, 2017 Nov 30, 2016 Securities held in custody for foreign official and international accounts 3,387,303 + 15,033 + 260,505 3,387,254 Marketable U.S. Treasury securities (1) 3,047,684 + 4,880 + 245,032 3,045,662 Federal agency debt and mortgage-backed securities (2) 263,788 + 1,794 - 637 263,784 Other securities (3) 75,831 + 8,359 + 16,110 77,807 Securities lent to dealers 21,163 + 207 - 1,051 17,827 Overnight facility (4) 21,163 + 207 - 1,051 17,827 U.S. Treasury securities 21,163 + 207 - 1,036 17,827 Federal agency debt securities 0 0 - 15 0 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 29, 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 67 0 0 0 0 ... 67 U.S. Treasury securities (1) Holdings 7,869 65,013 335,543 1,117,114 308,302 623,118 2,456,959 Weekly changes 0 + 3 + 1 + 36 + 16 + 80 + 137 Federal agency debt securities (2) Holdings 0 0 1,982 62 0 2,347 4,391 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 1 156 20,279 1,746,658 1,767,095 Weekly changes 0 0 0 - 4 - 367 - 11,219 - 11,588 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 35 0 0 0 0 0 35 Reverse repurchase agreements (4) 294,644 0 ... ... ... ... 294,644 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 29, 2017 Mortgage-backed securities held outright (1) 1,767,095 Commitments to buy mortgage-backed securities (2) 20,542 Commitments to sell mortgage-backed securities (2) 168 Cash and cash equivalents (3) 12 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 29, 2017 Net portfolio holdings of Maiden Lane LLC (1) 1,709 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. Assets are revalued quarterly. 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 29, 2017 Wednesday Wednesday consolidation Nov 22, 2017 Nov 30, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,833 - 2 + 4 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,374,449 - 11,997 - 8,169 Securities held outright (1) 4,228,444 - 11,452 + 5,416 U.S. Treasury securities 2,456,959 + 137 - 6,902 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,327,698 0 - 11,805 Notes and bonds, inflation-indexed (2) 109,537 0 + 2,840 Inflation compensation (3) 19,724 + 136 + 2,063 Federal agency debt securities (2) 4,391 0 - 14,102 Mortgage-backed securities (4) 1,767,095 - 11,588 + 26,421 Unamortized premiums on securities held outright (5) 160,163 - 581 - 14,616 Unamortized discounts on securities held outright (5) -14,225 + 26 + 1,004 Repurchase agreements (6) 0 0 0 Loans 67 + 11 + 27 Net portfolio holdings of Maiden Lane LLC (7) 1,709 - 1 + 2 Items in process of collection (0) 57 - 11 0 Bank premises 2,211 + 2 + 1 Central bank liquidity swaps (8) 35 0 - 1,305 Foreign currency denominated assets (9) 21,296 + 65 + 1,558 Other assets (10) 20,766 - 79 + 195 Total assets (0) 4,438,592 - 12,023 - 7,715 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 29, 2017 Wednesday Wednesday consolidation Nov 22, 2017 Nov 30, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,552,706 + 1,061 + 104,075 Reverse repurchase agreements (11) 294,644 + 11,394 - 168,047 Deposits (0) 2,542,512 - 24,259 + 54,542 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,271,173 - 58,661 + 255,860 U.S. Treasury, General Account 178,685 + 26,902 - 243,349 Foreign official 5,167 + 2 - 2 Other (12) (0) 87,488 + 7,499 + 42,034 Deferred availability cash items (0) 1,504 + 962 + 67 Other liabilities and accrued dividends (13) 5,908 - 1,256 + 708 Total liabilities (0) 4,397,274 - 12,098 - 8,654 Capital accounts Capital paid in 31,318 + 75 + 939 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,318 + 75 + 939 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 29, 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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,833 47 44 184 139 270 191 289 33 51 104 187 293 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,374,449 85,230 2,463,179 112,945 126,853 256,299 257,492 184,010 58,333 34,122 62,051 175,124 558,812 Securities held outright (1) 4,228,444 82,386 2,381,002 109,177 122,621 247,747 248,902 177,843 56,385 32,967 59,969 169,277 540,168 U.S. Treasury securities 2,456,959 47,871 1,383,493 63,438 71,250 143,955 144,626 103,337 32,763 19,156 34,845 98,359 313,867 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,456,959 47,871 1,383,493 63,438 71,250 143,955 144,626 103,337 32,763 19,156 34,845 98,359 313,867 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,767,095 34,430 995,037 45,626 51,244 103,535 104,018 74,322 23,564 13,777 25,062 70,742 225,740 Unamortized premiums on securities held outright (5) 160,163 3,121 90,187 4,135 4,645 9,384 9,428 6,736 2,136 1,249 2,271 6,412 20,460 Unamortized discounts on securities held outright (5) -14,225 -277 -8,010 -367 -413 -833 -837 -598 -190 -111 -202 -569 -1,817 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 67 1 0 0 0 1 0 29 1 17 12 4 1 Net portfolio holdings of Maiden Lane LLC (7) 1,709 0 1,709 0 0 0 0 0 0 0 0 0 0 Items in process of collection 57 0 0 0 0 0 57 0 0 0 0 0 0 Bank premises 2,211 115 444 72 129 197 203 204 110 88 236 219 193 Central bank liquidity swaps (8) 35 2 11 2 3 8 2 1 0 0 0 0 5 Foreign currency denominated assets (9) 21,296 923 6,820 1,145 1,735 4,602 1,242 891 233 90 207 272 3,136 Other assets (10) 20,766 440 11,131 524 600 1,435 1,228 865 467 173 351 947 2,605 Interdistrict settlement account 0 - 4,398 - 15,821 - 3,879 + 2,980 + 3,787 + 6,135 + 52,398 - 1,869 + 3,882 + 3,612 + 238 - 47,065 Total assets 4,438,592 82,904 2,472,928 111,550 133,229 267,786 268,724 239,820 57,797 38,688 67,006 178,186 519,975 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 29, 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 1,739,217 56,954 573,741 54,519 84,286 120,111 240,239 116,689 52,286 31,173 48,094 141,508 219,617 Less: Notes held by F.R. Banks 186,511 6,506 52,018 6,854 9,387 13,755 26,030 11,944 5,498 3,109 5,725 17,376 28,310 Federal Reserve notes, net 1,552,706 50,448 521,723 47,665 74,899 106,356 214,209 104,746 46,787 28,065 42,370 124,133 191,307 Reverse repurchase agreements (11) 294,644 5,741 165,912 7,608 8,544 17,263 17,344 12,392 3,929 2,297 4,179 11,796 37,640 Deposits 2,542,512 24,753 1,769,648 53,727 46,175 134,569 34,283 120,611 6,422 6,550 19,892 41,480 284,402 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 2,271,173 24,746 1,558,556 53,725 46,172 134,304 34,274 60,665 6,416 6,550 19,891 41,479 284,395 U.S. Treasury, General Account 178,685 0 178,685 0 0 0 0 0 0 0 0 0 0 Foreign official 5,167 2 5,140 2 3 9 2 2 0 0 0 1 6 Other (12) 87,488 5 27,267 0 0 256 7 59,945 6 0 1 0 1 Deferred availability cash items 1,504 0 0 0 0 0 65 0 0 1,439 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,126 25 587 31 43 48 93 36 29 11 15 56 154 Other liabilities and accrued dividends 4,782 168 1,969 198 217 608 334 286 133 141 143 205 380 Total liabilities 4,397,274 81,134 2,459,839 109,229 129,879 258,844 266,327 238,071 57,301 38,502 66,598 177,668 513,882 Capital Capital paid in 31,318 1,336 9,888 1,783 2,535 6,781 1,814 1,331 387 143 311 390 4,620 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 4,438,592 82,904 2,472,928 111,550 133,229 267,786 268,724 239,820 57,797 38,688 67,006 178,186 519,975 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 29, 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 securities, Federal agency debt securities, and 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, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 29, 2017 Federal Reserve notes outstanding 1,739,217 Less: Notes held by F.R. Banks not subject to collateralization 186,511 Federal Reserve notes to be collateralized 1,552,706 Collateral held against Federal Reserve notes 1,552,706 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,536,469 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,228,444 Less: Face value of securities under reverse repurchase agreements 287,112 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,332 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.