FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 8, 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 Feb 7, 2018 Federal Reserve Banks Feb 7, 2018 Jan 31, 2018 Feb 8, 2017 Reserve Bank credit 4,379,459 - 8,543 - 37,265 4,380,349 Securities held outright (1) 4,201,334 - 9,268 - 22,918 4,201,327 U.S. Treasury securities 2,436,199 - 9,268 - 27,233 2,436,192 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,307,591 - 10,894 - 33,791 2,307,591 Notes and bonds, inflation-indexed (2) 109,413 + 1,637 + 4,483 109,413 Inflation compensation (3) 19,194 - 12 + 2,074 19,187 Federal agency debt securities (2) 4,391 0 - 11,789 4,391 Mortgage-backed securities (4) 1,760,743 - 1 + 16,103 1,760,743 Unamortized premiums on securities held outright (5) 157,162 - 276 - 13,857 157,078 Unamortized discounts on securities held outright (5) -14,074 - 7 + 977 -14,063 Repurchase agreements (6) 0 0 0 0 Loans 17 - 54 0 31 Primary credit 8 - 55 - 6 19 Secondary credit 0 0 0 0 Seasonal credit 9 + 1 + 6 13 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,715 + 1 + 10 1,715 Float -146 + 238 + 135 -138 Central bank liquidity swaps (8) 39 - 634 - 226 39 Other Federal Reserve assets (9) 33,413 + 1,458 - 1,384 34,360 Foreign currency denominated assets (10) 22,047 - 89 + 1,964 21,920 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,451 + 14 + 820 49,451 Total factors supplying reserve funds 4,467,198 - 8,618 - 34,481 4,467,962 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 Feb 7, 2018 Federal Reserve Banks Feb 7, 2018 Jan 31, 2018 Feb 8, 2017 Currency in circulation (11) 1,609,051 + 3,288 + 106,747 1,612,559 Reverse repurchase agreements (12) 277,155 + 10,499 - 97,947 280,540 Foreign official and international accounts 231,446 - 5,822 - 23,163 232,420 Others 45,709 + 16,321 - 74,785 48,120 Treasury cash holdings 268 + 9 + 36 273 Deposits with F.R. Banks, other than reserve balances 288,919 - 62,490 - 66,896 287,935 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 203,936 - 66,308 - 101,799 202,221 Foreign official 5,254 0 + 88 5,253 Other (13) 79,729 + 3,817 + 34,816 80,460 Other liabilities and capital (14) 46,961 - 1,138 - 544 46,641 Total factors, other than reserve balances, absorbing reserve funds 2,222,354 - 49,833 - 58,604 2,227,948 Reserve balances with Federal Reserve Banks 2,244,845 + 41,215 + 24,124 2,240,014 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 Feb 7, 2018 Feb 7, 2018 Jan 31, 2018 Feb 8, 2017 Securities held in custody for foreign official and international accounts 3,387,544 + 21,246 + 218,447 3,385,164 Marketable U.S. Treasury securities (1) 3,045,938 + 19,942 + 194,924 3,043,397 Federal agency debt and mortgage-backed securities (2) 262,406 + 1,190 + 6,629 262,406 Other securities (3) 79,200 + 114 + 16,894 79,361 Securities lent to dealers 26,491 + 3,070 + 10,714 24,799 Overnight facility (4) 26,491 + 3,070 + 10,714 24,799 U.S. Treasury securities 26,491 + 3,070 + 10,762 24,799 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, February 7, 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 19 13 0 0 0 ... 31 U.S. Treasury securities (1) Holdings 16,563 97,821 297,077 1,081,307 322,161 621,263 2,436,192 Weekly changes 0 0 - 1 - 2 - 5 - 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 1 177 36,828 1,723,737 1,760,743 Weekly changes 0 0 0 + 3 + 10,393 - 10,397 0 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 39 0 0 0 0 0 39 Reverse repurchase agreements (4) 280,540 0 ... ... ... ... 280,540 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 Feb 7, 2018 Mortgage-backed securities held outright (1) 1,760,743 Commitments to buy mortgage-backed securities (2) 23,547 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 1 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 Feb 7, 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 Feb 7, 2018 Wednesday Wednesday consolidation Jan 31, 2018 Feb 8, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,957 + 12 - 4 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,344,373 - 270 - 35,786 Securities held outright (1) 4,201,327 - 19 - 22,931 U.S. Treasury securities 2,436,192 - 19 - 27,244 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,307,591 0 - 33,791 Notes and bonds, inflation-indexed (2) 109,413 0 + 4,483 Inflation compensation (3) 19,187 - 19 + 2,063 Federal agency debt securities (2) 4,391 0 - 11,789 Mortgage-backed securities (4) 1,760,743 0 + 16,101 Unamortized premiums on securities held outright (5) 157,078 - 259 - 13,853 Unamortized discounts on securities held outright (5) -14,063 + 31 + 977 Repurchase agreements (6) 0 0 0 Loans 31 - 23 + 20 Net portfolio holdings of Maiden Lane LLC (7) 1,715 0 + 10 Items in process of collection (0) 144 + 53 + 63 Bank premises 2,199 - 11 0 Central bank liquidity swaps (8) 39 - 634 - 226 Foreign currency denominated assets (9) 21,920 - 190 + 1,864 Other assets (10) 32,162 + 2,561 - 1,411 Total assets (0) 4,420,745 + 1,520 - 35,491 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 Feb 7, 2018 Wednesday Wednesday consolidation Jan 31, 2018 Feb 8, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,565,333 + 5,031 + 106,433 Reverse repurchase agreements (11) 280,540 - 29,936 - 93,810 Deposits (0) 2,527,948 + 27,783 - 47,137 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,240,014 + 97,638 + 2,554 U.S. Treasury, General Account 202,221 - 73,573 - 84,814 Foreign official 5,253 - 2 + 88 Other (12) (0) 80,460 + 3,720 + 35,036 Deferred availability cash items (0) 282 - 847 - 102 Other liabilities and accrued dividends (13) 5,138 - 528 - 1,878 Total liabilities (0) 4,379,242 + 1,504 - 36,492 Capital accounts Capital paid in 31,503 + 16 + 1,000 Surplus 10,000 0 0 Other capital accounts 0 0 0 Total capital 41,503 + 16 + 1,000 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, February 7, 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 1,957 54 52 196 145 274 200 310 38 51 113 208 314 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,344,373 84,644 2,446,264 112,169 125,982 254,537 255,724 182,727 57,931 33,874 61,613 173,921 554,986 Securities held outright (1) 4,201,327 81,857 2,365,733 108,476 121,835 246,158 247,306 176,702 56,024 32,756 59,585 168,192 536,704 U.S. Treasury securities 2,436,192 47,466 1,371,800 62,901 70,647 142,738 143,403 102,463 32,486 18,994 34,551 97,528 311,214 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,436,192 47,466 1,371,800 62,901 70,647 142,738 143,403 102,463 32,486 18,994 34,551 97,528 311,214 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,760,743 34,306 991,460 45,462 51,060 103,163 103,644 74,055 23,479 13,728 24,971 70,488 224,928 Unamortized premiums on securities held outright (5) 157,078 3,060 88,449 4,056 4,555 9,203 9,246 6,607 2,095 1,225 2,228 6,288 20,066 Unamortized discounts on securities held outright (5) -14,063 -274 -7,919 -363 -408 -824 -828 -591 -188 -110 -199 -563 -1,797 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 31 0 1 0 0 0 0 10 0 3 0 4 13 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 144 0 0 0 0 0 143 0 0 0 0 0 0 Bank premises 2,199 113 445 72 121 197 203 202 109 87 236 220 192 Central bank liquidity swaps (8) 39 2 12 2 3 8 2 2 0 0 0 0 6 Foreign currency denominated assets (9) 21,920 950 7,021 1,178 1,785 4,737 1,279 917 240 93 213 280 3,227 Other assets (10) 32,162 671 17,616 827 947 2,095 1,919 1,354 539 269 534 1,318 4,072 Interdistrict settlement account 0 - 63 + 9,110 - 6,023 - 9,530 - 13,059 + 11,433 + 46,502 - 2,173 + 982 + 5,370 - 3,417 - 39,131 Total assets 4,420,745 86,917 2,487,646 108,978 120,244 249,978 273,076 233,176 57,176 35,638 68,525 173,728 525,663 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, February 7, 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 1,756,751 57,149 591,302 53,955 83,615 119,060 243,717 115,428 52,348 30,986 47,719 140,363 221,109 Less: Notes held by F.R. Banks 191,417 7,085 45,832 7,132 10,707 16,049 26,522 13,555 6,138 3,786 6,334 19,400 28,877 Federal Reserve notes, net 1,565,333 50,063 545,470 46,823 72,907 103,011 217,195 101,873 46,211 27,200 41,385 120,963 192,232 Reverse repurchase agreements (11) 280,540 5,466 157,970 7,243 8,135 16,437 16,514 11,799 3,741 2,187 3,979 11,231 35,838 Deposits 2,527,948 29,449 1,768,999 52,345 35,645 121,018 36,503 117,437 6,474 5,725 22,604 40,752 290,999 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 2,240,014 29,442 1,539,942 52,343 35,641 120,777 36,494 58,840 6,466 5,725 22,602 40,750 290,992 U.S. Treasury, General Account 202,221 0 202,221 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) 80,460 5 21,610 0 0 233 7 58,595 7 0 1 1 1 Deferred availability cash items 282 0 0 0 0 0 93 0 0 189 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,287 23 718 29 36 40 103 47 23 13 20 71 163 Other liabilities and accrued dividends 3,851 155 1,436 170 180 455 287 265 128 133 129 198 315 Total liabilities 4,379,242 85,156 2,474,594 106,612 116,904 240,962 270,695 231,421 56,577 35,447 68,115 173,214 519,547 Capital Capital paid in 31,503 1,335 9,901 1,799 2,534 6,856 1,804 1,332 455 145 310 390 4,644 Surplus 10,000 426 3,152 568 807 2,160 578 424 144 46 99 124 1,472 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,420,745 86,917 2,487,646 108,978 120,244 249,978 273,076 233,176 57,176 35,638 68,525 173,728 525,663 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, February 7, 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 Feb 7, 2018 Federal Reserve notes outstanding 1,756,751 Less: Notes held by F.R. Banks not subject to collateralization 191,417 Federal Reserve notes to be collateralized 1,565,333 Collateral held against Federal Reserve notes 1,565,333 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,549,096 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,201,327 Less: Face value of securities under reverse repurchase agreements 280,396 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,920,931 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.