FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 29, 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 Mar 28, 2018 Federal Reserve Banks Mar 28, 2018 Mar 21, 2018 Mar 29, 2017 Reserve Bank credit 4,357,353 - 4,181 - 79,018 4,351,268 Securities held outright (1) 4,188,614 - 4,445 - 62,989 4,183,642 U.S. Treasury securities 2,424,824 + 160 - 39,452 2,424,883 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,293,885 0 - 46,726 2,293,885 Notes and bonds, inflation-indexed (2) 111,220 0 + 5,319 111,220 Inflation compensation (3) 19,719 + 160 + 1,956 19,778 Federal agency debt securities (2) 4,391 0 - 8,938 4,391 Mortgage-backed securities (4) 1,759,398 - 4,607 - 14,600 1,754,368 Unamortized premiums on securities held outright (5) 154,811 - 503 - 14,941 154,546 Unamortized discounts on securities held outright (5) -14,023 + 40 + 937 -13,995 Repurchase agreements (6) 0 0 0 0 Loans 19 + 3 + 8 16 Primary credit 5 0 + 2 2 Secondary credit 0 0 0 0 Seasonal credit 14 + 3 + 6 14 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,708 0 + 1 1,709 Float -208 - 55 + 143 -530 Central bank liquidity swaps (8) 79 + 2 - 928 79 Other Federal Reserve assets (9) 26,354 + 778 - 1,248 25,802 Foreign currency denominated assets (10) 22,362 + 161 + 2,130 22,255 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,549 + 14 + 787 49,549 Total factors supplying reserve funds 4,445,505 - 4,007 - 76,101 4,439,313 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 28, 2018 Federal Reserve Banks Mar 28, 2018 Mar 21, 2018 Mar 29, 2017 Currency in circulation (11) 1,635,299 + 1,097 + 101,161 1,636,934 Reverse repurchase agreements (12) 240,288 - 1,458 - 228,635 255,440 Foreign official and international accounts 229,377 - 1,663 - 20,620 237,542 Others 10,912 + 206 - 208,014 17,898 Treasury cash holdings 317 + 1 + 51 319 Deposits with F.R. Banks, other than reserve balances 410,621 + 6,436 + 250,000 382,337 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 318,858 + 2,404 + 253,671 300,355 Foreign official 5,309 + 55 + 141 5,254 Other (13) 86,454 + 3,977 - 3,812 76,728 Other liabilities and capital (14) 45,658 + 182 - 3,068 45,278 Total factors, other than reserve balances, absorbing reserve funds 2,332,184 + 6,259 + 119,509 2,320,308 Reserve balances with Federal Reserve Banks 2,113,321 - 10,266 - 195,611 2,119,005 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 Mar 28, 2018 Mar 28, 2018 Mar 21, 2018 Mar 29, 2017 Securities held in custody for foreign official and international accounts 3,444,223 + 4,188 + 237,212 3,443,854 Marketable U.S. Treasury securities (1) 3,090,936 - 6,531 + 207,198 3,090,437 Federal agency debt and mortgage-backed securities (2) 272,606 + 9,470 + 11,540 273,164 Other securities (3) 80,681 + 1,249 + 18,473 80,253 Securities lent to dealers 24,458 + 1,758 - 310 24,538 Overnight facility (4) 24,458 + 1,758 - 310 24,538 U.S. Treasury securities 24,458 + 1,758 - 238 24,538 Federal agency debt securities 0 0 - 73 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, March 28, 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 16 0 0 0 0 ... 16 U.S. Treasury securities (1) Holdings 31,201 89,281 298,438 1,081,513 298,012 626,439 2,424,883 Weekly changes 0 + 1 + 4 + 21 + 42 + 93 + 160 Federal agency debt securities (2) Holdings 0 1,982 62 0 0 2,347 4,391 Weekly changes 0 0 + 62 - 62 0 0 0 Mortgage-backed securities (3) Holdings 0 0 1 66 35,709 1,718,592 1,754,368 Weekly changes 0 0 0 - 131 - 884 - 7,789 - 8,803 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 79 0 0 0 0 0 79 Reverse repurchase agreements (4) 255,440 0 ... ... ... ... 255,440 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 2. Face value. 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 4. Cash value of agreements. 5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Mar 28, 2018 Mortgage-backed securities held outright (1) 1,754,368 Commitments to buy mortgage-backed securities (2) 12,031 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 3 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Account name Wednesday Mar 28, 2018 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 Mar 28, 2018 Wednesday Wednesday consolidation Mar 21, 2018 Mar 29, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,835 - 24 - 77 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,324,209 - 9,140 - 77,139 Securities held outright (1) 4,183,642 - 8,643 - 63,141 U.S. Treasury securities 2,424,883 + 160 - 39,452 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,293,885 0 - 46,726 Notes and bonds, inflation-indexed (2) 111,220 0 + 5,319 Inflation compensation (3) 19,778 + 160 + 1,955 Federal agency debt securities (2) 4,391 0 - 8,938 Mortgage-backed securities (4) 1,754,368 - 8,803 - 14,750 Unamortized premiums on securities held outright (5) 154,546 - 559 - 14,957 Unamortized discounts on securities held outright (5) -13,995 + 59 + 953 Repurchase agreements (6) 0 0 0 Loans 16 + 2 + 5 Net portfolio holdings of Maiden Lane LLC (7) 1,709 + 1 + 2 Items in process of collection (0) 73 - 15 + 8 Bank premises 2,197 0 - 3 Central bank liquidity swaps (8) 79 + 2 - 928 Foreign currency denominated assets (9) 22,255 + 92 + 2,097 Other assets (10) 23,605 + 61 - 1,379 Total assets (0) 4,392,198 - 9,024 - 77,420 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Mar 28, 2018 Wednesday Wednesday consolidation Mar 21, 2018 Mar 29, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,589,535 + 2,144 + 99,752 Reverse repurchase agreements (11) 255,440 + 6,291 - 255,457 Deposits (0) 2,501,342 - 18,820 + 80,633 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,119,005 - 16,063 - 150,980 U.S. Treasury, General Account 300,355 + 1,382 + 237,254 Foreign official 5,254 0 + 90 Other (12) (0) 76,728 - 4,139 - 5,732 Deferred availability cash items (0) 603 + 364 - 180 Other liabilities and accrued dividends (13) 6,117 + 1,007 - 733 Total liabilities (0) 4,353,037 - 9,014 - 75,986 Capital accounts Capital paid in 31,661 - 9 + 1,066 Surplus 7,500 0 - 2,500 Other capital accounts 0 0 0 Total capital 39,161 - 9 - 1,434 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, March 28, 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 1,835 54 48 186 119 269 189 299 29 52 111 190 289 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,324,209 84,251 2,434,919 111,649 125,398 253,357 254,538 181,882 57,662 33,717 61,327 173,110 552,400 Securities held outright (1) 4,183,642 81,513 2,355,775 108,020 121,322 245,122 246,265 175,959 55,788 32,618 59,334 167,484 534,445 U.S. Treasury securities 2,424,883 47,246 1,365,432 62,609 70,319 142,075 142,738 101,987 32,335 18,906 34,390 97,075 309,770 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,424,883 47,246 1,365,432 62,609 70,319 142,075 142,738 101,987 32,335 18,906 34,390 97,075 309,770 Federal agency debt securities (2) 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561 Mortgage-backed securities (4) 1,754,368 34,182 987,870 45,297 50,875 102,789 103,269 73,786 23,394 13,678 24,881 70,233 224,114 Unamortized premiums on securities held outright (5) 154,546 3,011 87,024 3,990 4,482 9,055 9,097 6,500 2,061 1,205 2,192 6,187 19,743 Unamortized discounts on securities held outright (5) -13,995 -273 -7,881 -361 -406 -820 -824 -589 -187 -109 -198 -560 -1,788 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 16 0 1 0 0 0 0 12 0 3 0 0 0 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 73 0 0 0 0 0 73 0 0 0 0 0 0 Bank premises 2,197 113 444 74 121 197 203 202 109 87 235 220 192 Central bank liquidity swaps (8) 79 3 25 4 6 17 5 3 1 0 1 1 12 Foreign currency denominated assets (9) 22,255 965 7,128 1,196 1,813 4,809 1,298 931 243 94 216 284 3,277 Other assets (10) 23,605 493 12,791 608 693 1,590 1,412 997 378 200 402 1,050 2,990 Interdistrict settlement account 0 + 12,681 - 50,690 + 174 - 3,511 + 25,742 + 8,414 + 42,692 + 216 + 1,974 + 7,243 + 2,128 - 47,062 Total assets 4,392,198 99,104 2,411,785 114,448 125,428 287,169 268,305 228,167 59,130 36,406 69,981 178,182 514,092 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, March 28, 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 1,772,880 59,373 601,939 53,788 88,068 123,636 242,042 114,465 52,021 30,702 47,336 139,568 219,942 Less: Notes held by F.R. Banks 183,345 6,504 48,980 7,068 9,807 13,783 27,346 12,137 5,418 3,759 6,000 17,711 24,831 Federal Reserve notes, net 1,589,535 52,870 552,959 46,720 78,261 109,853 214,696 102,329 46,603 26,943 41,336 121,856 195,111 Reverse repurchase agreements (11) 255,440 4,977 143,836 6,595 7,408 14,966 15,036 10,743 3,406 1,992 3,623 10,226 32,631 Deposits 2,501,342 39,396 1,700,071 58,603 36,365 153,197 35,845 113,081 8,392 6,597 24,474 45,325 279,997 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 2,119,005 39,365 1,372,325 58,601 36,296 153,043 35,807 58,844 8,387 6,597 24,461 45,290 279,989 U.S. Treasury, General Account 300,355 0 300,355 0 0 0 0 0 0 0 0 0 0 Foreign official 5,254 2 5,226 2 3 9 2 2 0 0 0 1 6 Other (12) 76,728 29 22,164 0 66 145 36 54,235 5 0 13 34 2 Deferred availability cash items 603 0 0 0 0 0 63 0 0 541 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,383 30 735 35 50 83 112 43 13 13 20 67 182 Other liabilities and accrued dividends 4,735 170 1,871 208 204 587 312 319 129 142 143 220 431 Total liabilities 4,353,037 97,442 2,399,471 112,161 122,287 278,686 266,064 226,515 58,543 36,226 69,595 177,694 508,352 Capital Capital paid in 31,661 1,343 9,949 1,861 2,536 6,862 1,808 1,334 479 145 312 395 4,636 Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,392,198 99,104 2,411,785 114,448 125,428 287,169 268,305 228,167 59,130 36,406 69,981 178,182 514,092 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 6. Statement of Condition of Each Federal Reserve Bank, March 28, 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 $7.5 billion surplus. Note on consolidation: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5). 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Mar 28, 2018 Federal Reserve notes outstanding 1,772,880 Less: Notes held by F.R. Banks not subject to collateralization 183,345 Federal Reserve notes to be collateralized 1,589,535 Collateral held against Federal Reserve notes 1,589,535 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,573,298 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,183,642 Less: Face value of securities under reverse repurchase agreements 252,557 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,931,086 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.