FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 11, 2018 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 10, 2018 Federal Reserve Banks Jan 10, 2018 Jan 3, 2018 Jan 11, 2017 Reserve Bank credit 4,405,234 - 2,400 - 8,409 4,406,127 Securities held outright (1) 4,217,529 - 4,285 - 3,606 4,217,530 U.S. Treasury securities 2,448,209 - 4,286 - 15,355 2,448,209 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,318,404 - 4,286 - 20,699 2,318,404 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 110,134 Inflation compensation (3) 19,671 0 + 1,907 19,671 Federal agency debt securities (2) 4,391 0 - 11,789 4,391 Mortgage-backed securities (4) 1,764,929 0 + 23,537 1,764,930 Unamortized premiums on securities held outright (5) 158,478 - 271 - 14,130 158,401 Unamortized discounts on securities held outright (5) -14,127 - 9 + 937 -14,116 Repurchase agreements (6) 0 0 0 0 Loans 34 - 83 + 29 109 Primary credit 30 - 67 + 27 107 Secondary credit 0 0 0 0 Seasonal credit 4 - 17 + 2 2 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 7 1,715 Float -216 + 518 + 152 -289 Central bank liquidity swaps (8) 12,067 + 8 + 9,336 12,067 Other Federal Reserve assets (9) 29,755 + 1,721 - 1,134 30,711 Foreign currency denominated assets (10) 21,376 - 47 + 1,808 21,421 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,396 + 14 + 841 49,396 Total factors supplying reserve funds 4,492,248 - 2,431 - 5,759 4,493,186 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 10, 2018 Federal Reserve Banks Jan 10, 2018 Jan 3, 2018 Jan 11, 2017 Currency in circulation (11) 1,614,585 - 3,427 + 109,161 1,612,650 Reverse repurchase agreements (12) 312,786 - 177,220 - 142,066 298,290 Foreign official and international accounts 249,074 + 2,703 - 6,842 240,336 Others 63,713 - 179,922 - 135,223 57,954 Treasury cash holdings 225 + 9 + 48 225 Deposits with F.R. Banks, other than reserve balances 284,803 - 7,903 - 137,414 276,897 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 206,215 - 5,351 - 166,277 198,573 Foreign official 5,255 0 + 50 5,253 Other (13) 73,332 - 2,552 + 28,812 73,072 Other liabilities and capital (14) 46,952 - 857 - 208 47,230 Total factors, other than reserve balances, absorbing reserve funds 2,259,351 - 189,398 - 170,478 2,235,292 Reserve balances with Federal Reserve Banks 2,232,897 + 186,967 + 164,719 2,257,894 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 Jan 10, 2018 Jan 10, 2018 Jan 3, 2018 Jan 11, 2017 Securities held in custody for foreign official and international accounts 3,351,565 - 4,193 + 169,814 3,358,298 Marketable U.S. Treasury securities (1) 3,011,206 - 3,986 + 149,529 3,017,693 Federal agency debt and mortgage-backed securities (2) 261,970 - 772 + 1,250 261,840 Other securities (3) 78,390 + 566 + 19,036 78,765 Securities lent to dealers 22,651 - 2,541 + 5,572 20,094 Overnight facility (4) 22,651 - 2,541 + 5,572 20,094 U.S. Treasury securities 22,651 - 2,541 + 5,620 20,094 Federal agency debt securities 0 0 - 48 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, January 10, 2018 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 107 2 0 0 0 ... 109 U.S. Treasury securities (1) Holdings 3,098 107,658 315,420 1,085,113 314,035 622,884 2,448,209 Weekly changes 0 0 0 0 0 0 + 1 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 1 177 27,007 1,737,745 1,764,930 Weekly changes 0 0 0 0 0 + 1 + 1 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 12,067 0 0 0 0 0 12,067 Reverse repurchase agreements (4) 298,290 0 ... ... ... ... 298,290 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 10, 2018 Mortgage-backed securities held outright (1) 1,764,930 Commitments to buy mortgage-backed securities (2) 28,034 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 5 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 10, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,715 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 Jan 10, 2018 Wednesday Wednesday consolidation Jan 3, 2018 Jan 11, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,902 + 7 + 12 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,361,924 - 142 - 16,672 Securities held outright (1) 4,217,530 + 2 - 3,595 U.S. Treasury securities 2,448,209 + 1 - 15,339 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,318,404 0 - 20,699 Notes and bonds, inflation-indexed (2) 110,134 0 + 3,437 Inflation compensation (3) 19,671 + 1 + 1,923 Federal agency debt securities (2) 4,391 0 - 11,789 Mortgage-backed securities (4) 1,764,930 + 1 + 23,532 Unamortized premiums on securities held outright (5) 158,401 - 239 - 14,119 Unamortized discounts on securities held outright (5) -14,116 + 30 + 938 Repurchase agreements (6) 0 0 0 Loans 109 + 65 + 104 Net portfolio holdings of Maiden Lane LLC (7) 1,715 + 2 + 11 Items in process of collection (0) 85 - 84 - 13 Bank premises 2,204 + 1 + 1 Central bank liquidity swaps (8) 12,067 0 + 9,441 Foreign currency denominated assets (9) 21,421 - 19 + 1,916 Other assets (10) 28,507 + 2,580 - 1,144 Total assets (0) 4,446,062 + 2,344 - 6,447 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 10, 2018 Wednesday Wednesday consolidation Jan 3, 2018 Jan 11, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,565,377 - 5,895 + 107,776 Reverse repurchase agreements (11) 298,290 - 85,700 - 116,635 Deposits (0) 2,534,791 + 93,528 + 2,720 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,257,894 + 63,243 + 146,967 U.S. Treasury, General Account 198,573 + 28,616 - 170,437 Foreign official 5,253 0 + 87 Other (12) (0) 73,072 + 1,670 + 26,104 Deferred availability cash items (0) 374 + 49 - 312 Other liabilities and accrued dividends (13) 5,844 + 363 - 936 Total liabilities (0) 4,404,677 + 2,347 - 7,386 Capital accounts Capital paid in 31,385 - 2 + 938 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,385 - 2 + 938 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, January 10, 2018 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 1,902 47 46 188 147 270 199 302 35 53 109 201 304 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,361,924 85,004 2,456,105 112,620 126,489 255,561 256,752 183,487 58,164 34,009 61,861 174,667 557,206 Securities held outright (1) 4,217,530 82,173 2,374,857 108,895 122,305 247,107 248,259 177,384 56,240 32,882 59,814 168,840 538,774 U.S. Treasury securities 2,448,209 47,700 1,378,567 63,212 70,996 143,442 144,111 102,969 32,646 19,087 34,721 98,009 312,750 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,448,209 47,700 1,378,567 63,212 70,996 143,442 144,111 102,969 32,646 19,087 34,721 98,009 312,750 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,764,930 34,387 993,818 45,570 51,181 103,408 103,890 74,231 23,535 13,760 25,031 70,655 225,463 Unamortized premiums on securities held outright (5) 158,401 3,086 89,194 4,090 4,593 9,281 9,324 6,662 2,112 1,235 2,246 6,341 20,235 Unamortized discounts on securities held outright (5) -14,116 -275 -7,948 -364 -409 -827 -831 -594 -188 -110 -200 -565 -1,803 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 109 20 2 0 0 0 0 34 0 2 0 50 0 Net portfolio holdings of Maiden Lane LLC (7) 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0 Items in process of collection 85 0 0 0 0 0 84 0 0 1 0 0 0 Bank premises 2,204 114 446 72 122 197 204 203 109 88 236 219 193 Central bank liquidity swaps (8) 12,067 523 3,864 649 983 2,608 704 505 132 51 117 154 1,777 Foreign currency denominated assets (9) 21,421 929 6,861 1,152 1,745 4,629 1,249 897 234 90 208 274 3,154 Other assets (10) 28,507 595 15,585 733 840 1,874 1,708 1,202 466 239 472 1,179 3,615 Interdistrict settlement account 0 + 2,966 - 22,416 - 4,964 - 5,233 + 9,725 + 11,052 + 41,746 - 1,586 + 1,653 + 6,527 - 936 - 38,533 Total assets 4,446,062 90,724 2,467,615 111,007 125,881 276,052 274,128 229,503 58,045 36,464 69,976 176,955 529,712 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 10, 2018 (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 1,748,224 57,333 580,586 54,162 83,643 119,273 244,081 115,892 52,284 31,132 47,947 140,672 221,220 Less: Notes held by F.R. Banks 182,847 6,287 47,239 6,595 9,693 14,396 25,148 11,737 5,593 3,434 6,064 18,202 28,459 Federal Reserve notes, net 1,565,377 51,046 533,347 47,567 73,950 104,876 218,933 104,155 46,692 27,698 41,883 122,470 192,761 Reverse repurchase agreements (11) 298,290 5,812 167,965 7,702 8,650 17,477 17,558 12,546 3,978 2,326 4,230 11,941 38,105 Deposits 2,534,791 31,920 1,750,486 53,201 39,705 144,211 34,750 110,723 6,659 5,825 23,312 41,758 292,241 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 2,257,894 31,913 1,527,074 53,199 39,702 144,048 34,741 57,438 6,652 5,825 23,310 41,757 292,234 U.S. Treasury, General Account 198,573 0 198,573 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) 73,072 5 19,613 0 0 154 7 53,284 6 0 1 1 1 Deferred availability cash items 374 0 0 0 0 0 89 0 0 285 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,471 29 795 37 48 76 112 56 25 13 19 72 189 Other liabilities and accrued dividends 4,374 148 1,920 178 180 470 296 276 132 130 124 198 323 Total liabilities 4,404,677 88,955 2,454,512 108,686 122,533 267,110 271,737 227,754 57,485 36,277 69,568 176,440 523,619 Capital Capital paid in 31,385 1,335 9,901 1,783 2,534 6,781 1,807 1,331 451 144 311 387 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 4,446,062 90,724 2,467,615 111,007 125,881 276,052 274,128 229,503 58,045 36,464 69,976 176,955 529,712 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 10, 2018 (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 Jan 10, 2018 Federal Reserve notes outstanding 1,748,224 Less: Notes held by F.R. Banks not subject to collateralization 182,847 Federal Reserve notes to be collateralized 1,565,377 Collateral held against Federal Reserve notes 1,565,377 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,549,140 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,217,530 Less: Face value of securities under reverse repurchase agreements 295,605 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,921,925 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.