FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 21, 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 Dec 20, 2017 Federal Reserve Banks Dec 20, 2017 Dec 13, 2017 Dec 21, 2016 Reserve Bank credit 4,408,292 + 7,530 - 15,274 4,407,899 Securities held outright (1) 4,234,009 + 6,369 + 3,111 4,234,079 U.S. Treasury securities 2,454,244 - 18 - 9,309 2,454,237 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,324,404 0 - 14,699 2,324,404 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 110,134 Inflation compensation (3) 19,706 - 18 + 1,953 19,699 Federal agency debt securities (2) 4,391 0 - 11,970 4,391 Mortgage-backed securities (4) 1,775,374 + 6,388 + 24,391 1,775,451 Unamortized premiums on securities held outright (5) 159,695 - 94 - 14,250 159,519 Unamortized discounts on securities held outright (5) -14,166 + 32 + 974 -14,153 Repurchase agreements (6) 0 0 0 0 Loans 110 + 66 + 75 112 Primary credit 77 + 69 + 70 77 Secondary credit 0 0 0 0 Seasonal credit 33 - 3 + 5 35 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,712 + 1 + 5 1,712 Float -215 + 45 + 177 -159 Central bank liquidity swaps (8) 57 + 15 - 4,686 57 Other Federal Reserve assets (9) 27,089 + 1,095 - 681 26,732 Foreign currency denominated assets (10) 21,160 + 85 + 1,831 21,206 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,329 + 14 + 817 49,329 Total factors supplying reserve funds 4,495,021 + 7,628 - 12,628 4,494,674 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 20, 2017 Federal Reserve Banks Dec 20, 2017 Dec 13, 2017 Dec 21, 2016 Currency in circulation (11) 1,603,997 + 1,557 + 104,689 1,607,915 Reverse repurchase agreements (12) 328,627 + 6,216 - 164,145 349,802 Foreign official and international accounts 227,801 + 2,769 - 27,381 222,220 Others 100,826 + 3,448 - 136,764 127,582 Treasury cash holdings 204 + 4 + 45 191 Deposits with F.R. Banks, other than reserve balances 244,274 + 82,891 - 201,433 251,378 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 155,612 + 79,404 - 232,885 170,817 Foreign official 5,297 + 56 + 98 5,253 Other (13) 83,365 + 3,432 + 31,353 75,308 Other liabilities and capital (14) 48,756 + 359 + 2,062 48,248 Total factors, other than reserve balances, absorbing reserve funds 2,225,858 + 91,027 - 258,782 2,257,534 Reserve balances with Federal Reserve Banks 2,269,164 - 83,398 + 246,155 2,237,141 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 Dec 20, 2017 Dec 20, 2017 Dec 13, 2017 Dec 21, 2016 Securities held in custody for foreign official and international accounts 3,372,657 - 11,996 + 200,803 3,365,606 Marketable U.S. Treasury securities (1) 3,030,979 - 11,094 + 181,293 3,024,798 Federal agency debt and mortgage-backed securities (2) 263,606 - 546 + 836 262,740 Other securities (3) 78,072 - 357 + 18,674 78,068 Securities lent to dealers 21,635 + 772 - 37 24,410 Overnight facility (4) 21,635 + 772 - 37 24,410 U.S. Treasury securities 21,635 + 772 - 15 24,410 Federal agency debt securities 0 0 - 22 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, December 20, 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 112 0 0 0 0 ... 112 U.S. Treasury securities (1) Holdings 17,504 79,556 328,412 1,095,449 310,416 622,901 2,454,237 Weekly changes + 17,504 - 17,504 0 - 2 - 4 - 11 - 19 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 1 178 20,367 1,754,906 1,775,451 Weekly changes 0 0 0 + 19 - 64 - 4,739 - 4,786 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 57 0 0 0 0 0 57 Reverse repurchase agreements (4) 349,802 0 ... ... ... ... 349,802 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 20, 2017 Mortgage-backed securities held outright (1) 1,775,451 Commitments to buy mortgage-backed securities (2) 17,147 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 Dec 20, 2017 Net portfolio holdings of Maiden Lane LLC (1) 1,712 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 Dec 20, 2017 Wednesday Wednesday consolidation Dec 13, 2017 Dec 21, 2016 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,892 + 9 + 20 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,379,557 - 5,210 - 17,551 Securities held outright (1) 4,234,079 - 4,804 - 4,148 U.S. Treasury securities 2,454,237 - 19 - 9,329 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,324,404 0 - 14,699 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 Inflation compensation (3) 19,699 - 18 + 1,933 Federal agency debt securities (2) 4,391 0 - 11,789 Mortgage-backed securities (4) 1,775,451 - 4,786 + 16,970 Unamortized premiums on securities held outright (5) 159,519 - 517 - 14,448 Unamortized discounts on securities held outright (5) -14,153 + 34 + 974 Repurchase agreements (6) 0 0 0 Loans 112 + 77 + 70 Net portfolio holdings of Maiden Lane LLC (7) 1,712 0 + 5 Items in process of collection (0) 77 + 7 + 11 Bank premises 2,214 + 2 + 10 Central bank liquidity swaps (8) 57 + 15 - 4,686 Foreign currency denominated assets (9) 21,206 + 124 + 1,888 Other assets (10) 24,519 - 203 - 1,315 Total assets (0) 4,447,470 - 5,256 - 21,619 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 20, 2017 Wednesday Wednesday consolidation Dec 13, 2017 Dec 21, 2016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,560,665 + 3,888 + 104,164 Reverse repurchase agreements (11) 349,802 - 22,327 - 210,370 Deposits (0) 2,488,520 + 14,069 + 82,914 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,237,142 - 85,620 + 274,375 U.S. Treasury, General Account 170,817 + 106,083 - 216,197 Foreign official 5,253 + 1 + 72 Other (12) (0) 75,308 - 6,395 + 24,665 Deferred availability cash items (0) 236 - 86 - 239 Other liabilities and accrued dividends (13) 6,925 - 801 + 1,032 Total liabilities (0) 4,406,148 - 5,257 - 22,499 Capital accounts Capital paid in 31,322 + 1 + 880 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,322 + 1 + 880 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, December 20, 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 1,892 49 48 188 144 269 197 299 37 52 108 194 307 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,379,557 85,328 2,466,067 113,076 127,000 256,594 257,790 184,205 58,399 34,158 62,122 175,328 559,490 Securities held outright (1) 4,234,079 82,496 2,384,175 109,322 122,784 248,077 249,233 178,080 56,460 33,011 60,049 169,503 540,888 U.S. Treasury securities 2,454,237 47,818 1,381,961 63,367 71,171 143,795 144,465 103,222 32,727 19,134 34,807 98,250 313,520 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,454,237 47,818 1,381,961 63,367 71,171 143,795 144,465 103,222 32,727 19,134 34,807 98,250 313,520 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,775,451 34,592 999,742 45,841 51,486 104,025 104,510 74,673 23,675 13,842 25,180 71,077 226,807 Unamortized premiums on securities held outright (5) 159,519 3,108 89,824 4,119 4,626 9,346 9,390 6,709 2,127 1,244 2,262 6,386 20,378 Unamortized discounts on securities held outright (5) -14,153 -276 -7,970 -365 -410 -829 -833 -595 -189 -110 -201 -567 -1,808 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 112 0 37 0 0 0 0 11 0 13 11 6 32 Net portfolio holdings of Maiden Lane LLC (7) 1,712 0 1,712 0 0 0 0 0 0 0 0 0 0 Items in process of collection 77 0 0 0 0 0 76 0 0 1 0 0 0 Bank premises 2,214 115 444 72 131 198 204 204 110 88 236 219 192 Central bank liquidity swaps (8) 57 2 18 3 5 12 3 2 1 0 1 1 8 Foreign currency denominated assets (9) 21,206 919 6,792 1,140 1,727 4,582 1,237 888 232 90 206 271 3,122 Other assets (10) 24,519 523 13,335 628 716 1,620 1,458 1,028 385 207 412 1,101 3,107 Interdistrict settlement account 0 + 4,627 - 62,321 - 3,664 - 437 + 16,278 + 14,738 + 45,015 - 724 + 2,569 + 6,896 + 1,680 - 24,656 Total assets 4,447,470 92,109 2,431,505 112,000 130,075 280,741 277,876 232,803 58,931 37,444 70,426 179,993 543,567 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 20, 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 1,748,115 57,272 578,652 54,312 83,869 119,604 244,505 116,153 52,122 31,108 47,996 140,963 221,559 Less: Notes held by F.R. Banks 187,450 6,491 52,104 6,883 9,552 14,160 26,009 11,859 5,529 3,162 6,065 17,311 28,326 Federal Reserve notes, net 1,560,665 50,781 526,548 47,429 74,317 105,444 218,496 104,294 46,593 27,946 41,932 123,653 193,233 Reverse repurchase agreements (11) 349,802 6,815 196,971 9,032 10,144 20,495 20,591 14,712 4,665 2,727 4,961 14,004 44,686 Deposits 2,488,520 32,533 1,691,646 52,968 41,985 145,189 35,857 111,676 7,010 6,264 22,956 41,533 298,903 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 2,237,142 32,524 1,495,734 52,966 41,982 144,976 35,848 56,459 7,007 6,264 22,954 41,532 298,896 U.S. Treasury, General Account 170,817 0 170,817 0 0 0 0 0 0 0 0 0 0 Foreign official 5,253 2 5,226 2 3 9 2 2 0 0 0 1 6 Other (12) 75,308 7 19,870 0 0 205 7 55,215 3 0 1 0 1 Deferred availability cash items 236 0 0 0 0 0 73 0 0 162 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,090 31 559 34 35 45 95 40 22 11 30 55 133 Other liabilities and accrued dividends 5,836 180 2,685 217 246 626 368 331 145 146 140 232 520 Total liabilities 4,406,148 90,340 2,418,409 109,680 126,728 271,799 275,479 231,053 58,434 37,258 70,018 179,477 537,474 Capital Capital paid in 31,322 1,336 9,894 1,783 2,533 6,781 1,814 1,331 387 144 311 389 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 4,447,470 92,109 2,431,505 112,000 130,075 280,741 277,876 232,803 58,931 37,444 70,426 179,993 543,567 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 20, 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 Dec 20, 2017 Federal Reserve notes outstanding 1,748,115 Less: Notes held by F.R. Banks not subject to collateralization 187,450 Federal Reserve notes to be collateralized 1,560,665 Collateral held against Federal Reserve notes 1,560,665 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,544,428 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,234,079 Less: Face value of securities under reverse repurchase agreements 338,459 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,895,620 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.