FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 21, 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 Jun 20, 2018 Federal Reserve Banks Jun 20, 2018 Jun 13, 2018 Jun 21, 2017 Reserve Bank credit 4,279,498 - 2,135 - 150,748 4,276,580 Securities held outright (1) 4,114,537 - 2,851 - 134,846 4,112,021 U.S. Treasury securities 2,378,078 + 126 - 86,848 2,378,124 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,242,161 0 - 96,055 2,242,161 Notes and bonds, inflation-indexed (2) 114,860 0 + 6,734 114,860 Inflation compensation (3) 21,057 + 126 + 2,474 21,103 Federal agency debt securities (2) 2,409 - 1,699 - 5,688 2,409 Mortgage-backed securities (4) 1,734,050 - 1,278 - 42,310 1,731,488 Unamortized premiums on securities held outright (5) 150,557 - 359 - 16,056 150,291 Unamortized discounts on securities held outright (5) -13,965 + 24 + 811 -13,954 Repurchase agreements (6) 0 0 0 0 Loans 135 + 12 + 34 162 Primary credit 8 - 9 - 10 21 Secondary credit 0 0 0 0 Seasonal credit 127 + 21 + 44 141 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 4 1,713 Float -160 + 19 + 103 -99 Central bank liquidity swaps (8) 95 + 4 + 53 95 Other Federal Reserve assets (9) 26,586 + 1,015 - 849 26,351 Foreign currency denominated assets (10) 21,111 - 239 + 511 21,113 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,671 + 14 + 713 49,671 Total factors supplying reserve funds 4,366,521 - 2,360 - 149,524 4,363,606 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 Jun 20, 2018 Federal Reserve Banks Jun 20, 2018 Jun 13, 2018 Jun 21, 2017 Currency in circulation (11) 1,660,921 - 42 + 106,188 1,661,714 Reverse repurchase agreements (12) 248,257 + 4,172 - 160,577 243,725 Foreign official and international accounts 247,596 + 6,833 + 5,181 243,405 Others 661 - 2,661 - 165,759 320 Treasury cash holdings 231 - 4 + 29 216 Deposits with F.R. Banks, other than reserve balances 438,918 + 78,343 + 144,955 459,869 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 352,777 + 71,589 + 140,502 380,090 Foreign official 5,255 0 + 79 5,255 Other (13) 80,885 + 6,753 + 4,373 74,523 Other liabilities and capital (14) 46,211 + 457 - 2,282 45,939 Total factors, other than reserve balances, absorbing reserve funds 2,394,538 + 82,926 + 88,313 2,411,463 Reserve balances with Federal Reserve Banks 1,971,983 - 85,286 - 237,837 1,952,143 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 Jun 20, 2018 Jun 20, 2018 Jun 13, 2018 Jun 21, 2017 Securities held in custody for foreign official and international accounts 3,403,688 + 2,150 + 113,660 3,400,875 Marketable U.S. Treasury securities (1) 3,041,908 + 3,350 + 75,862 3,040,352 Federal agency debt and mortgage-backed securities (2) 289,576 + 1,452 + 27,362 288,683 Other securities (3) 72,205 - 2,651 + 10,438 71,840 Securities lent to dealers 20,048 - 1,943 - 5,563 19,960 Overnight facility (4) 20,048 - 1,943 - 5,563 19,960 U.S. Treasury securities 20,048 - 1,943 - 5,562 19,960 Federal agency debt securities 0 0 0 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, June 20, 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 144 18 0 0 0 ... 162 U.S. Treasury securities (1) Holdings 30,454 75,434 305,419 1,051,152 296,261 619,404 2,378,124 Weekly changes + 30,454 - 30,452 + 2 + 18 + 44 + 60 + 126 Federal agency debt securities (2) Holdings 0 0 62 0 0 2,347 2,409 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 147 39,881 1,691,459 1,731,488 Weekly changes 0 0 0 + 4 - 137 - 8,113 - 8,245 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 95 0 0 0 0 0 95 Reverse repurchase agreements (4) 243,725 0 ... ... ... ... 243,725 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 Jun 20, 2018 Mortgage-backed securities held outright (1) 1,731,488 Commitments to buy mortgage-backed securities (2) 7,241 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 Jun 20, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,713 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 Jun 20, 2018 Wednesday Wednesday consolidation Jun 13, 2018 Jun 21, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,776 + 5 - 43 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,248,519 - 8,706 - 157,641 Securities held outright (1) 4,112,021 - 8,120 - 142,133 U.S. Treasury securities 2,378,124 + 126 - 86,834 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,242,161 0 - 96,055 Notes and bonds, inflation-indexed (2) 114,860 0 + 6,734 Inflation compensation (3) 21,103 + 126 + 2,488 Federal agency debt securities (2) 2,409 0 - 5,688 Mortgage-backed securities (4) 1,731,488 - 8,245 - 49,611 Unamortized premiums on securities held outright (5) 150,291 - 610 - 16,372 Unamortized discounts on securities held outright (5) -13,954 + 31 + 811 Repurchase agreements (6) 0 0 0 Loans 162 - 6 + 55 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 + 4 Items in process of collection (0) 91 - 7 + 30 Bank premises 2,189 + 1 - 9 Central bank liquidity swaps (8) 95 + 4 + 53 Foreign currency denominated assets (9) 21,113 - 189 + 576 Other assets (10) 24,163 - 118 - 1,332 Total assets (0) 4,315,896 - 9,010 - 158,361 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 Jun 20, 2018 Wednesday Wednesday consolidation Jun 13, 2018 Jun 21, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,614,030 - 85 + 105,257 Reverse repurchase agreements (11) 243,725 + 4,067 - 202,511 Deposits (0) 2,412,012 - 12,795 - 58,455 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,952,143 - 110,895 - 212,473 U.S. Treasury, General Account 380,090 + 97,122 + 154,964 Foreign official 5,255 0 + 90 Other (12) (0) 74,523 + 977 - 1,037 Deferred availability cash items (0) 189 - 125 - 244 Other liabilities and accrued dividends (13) 6,363 - 73 - 1,130 Total liabilities (0) 4,276,319 - 9,012 - 157,082 Capital accounts Capital paid in 32,076 0 + 1,220 Surplus 7,500 0 - 2,500 Other capital accounts 0 0 0 Total capital 39,576 0 - 1,280 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, June 20, 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,776 39 46 172 116 253 187 291 25 46 104 190 305 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,248,519 81,139 2,345,423 107,262 120,457 251,401 255,031 227,564 56,607 35,498 66,881 175,669 525,586 Securities held outright (1) 4,112,021 78,535 2,270,154 103,820 116,577 243,333 246,831 220,231 54,745 34,315 64,733 170,031 508,715 U.S. Treasury securities 2,378,124 45,420 1,312,909 60,043 67,421 140,728 142,751 127,367 31,661 19,845 37,437 98,335 294,207 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,378,124 45,420 1,312,909 60,043 67,421 140,728 142,751 127,367 31,661 19,845 37,437 98,335 294,207 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,731,488 33,070 955,916 43,716 49,088 102,463 103,936 92,735 23,052 14,449 27,258 71,597 214,210 Unamortized premiums on securities held outright (5) 150,291 2,870 82,972 3,795 4,261 8,894 9,021 8,049 2,001 1,254 2,366 6,214 18,593 Unamortized discounts on securities held outright (5) -13,954 -267 -7,704 -352 -396 -826 -838 -747 -186 -116 -220 -577 -1,726 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 162 0 0 0 15 0 16 31 47 46 2 0 5 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0 Items in process of collection 91 0 0 0 0 0 90 0 0 1 0 0 0 Bank premises 2,189 110 443 74 119 197 202 199 107 95 234 220 190 Central bank liquidity swaps (8) 95 4 30 5 8 21 6 4 1 0 1 1 14 Foreign currency denominated assets (9) 21,113 898 6,657 1,199 1,704 4,561 1,220 895 305 97 209 261 3,107 Other assets (10) 24,163 492 12,796 605 691 1,632 1,444 1,270 531 242 441 1,064 2,955 Interdistrict settlement account 0 - 266 + 104,735 - 6,737 - 3,531 - 12,098 + 20,192 - 23,075 - 2,678 - 1,991 - 4,438 - 7,994 - 62,119 Total assets 4,315,896 82,977 2,477,287 103,140 120,345 247,152 280,516 208,312 55,382 34,277 63,892 170,598 472,018 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, June 20, 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 1,788,315 59,071 605,096 53,892 87,393 125,154 258,048 113,125 51,926 30,389 47,059 139,151 218,013 Less: Notes held by F.R. Banks 174,286 5,865 43,421 6,637 9,589 14,153 27,086 11,899 5,358 3,135 5,584 16,080 25,480 Federal Reserve notes, net 1,614,030 53,206 561,675 47,255 77,804 111,000 230,962 101,226 46,567 27,254 41,475 123,071 192,533 Reverse repurchase agreements (11) 243,725 4,655 134,555 6,154 6,910 14,423 14,630 13,053 3,245 2,034 3,837 10,078 30,152 Deposits 2,412,012 23,245 1,765,706 47,194 32,218 112,611 32,150 91,971 4,811 4,519 18,035 36,658 242,893 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 1,952,143 23,212 1,355,841 47,191 32,156 112,141 32,107 42,817 4,806 4,465 18,017 36,502 242,886 U.S. Treasury, General Account 380,090 0 380,090 0 0 0 0 0 0 0 0 0 0 Foreign official 5,255 2 5,228 2 3 9 2 2 1 0 0 0 6 Other (12) 74,523 31 24,547 1 59 461 40 49,153 4 54 18 155 2 Deferred availability cash items 189 0 0 0 0 0 58 0 0 132 0 0 0 Earnings remittances due to the U.S. Treasury (13) 830 12 446 14 22 13 83 51 17 11 9 56 98 Other liabilities and accrued dividends 5,533 198 2,330 229 233 600 362 355 146 148 154 246 532 Total liabilities 4,276,319 81,315 2,464,713 100,846 117,186 238,647 278,244 206,657 54,785 34,097 63,511 170,109 466,209 Capital Capital paid in 32,076 1,343 10,210 1,868 2,553 6,885 1,838 1,337 489 145 308 396 4,705 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 4,315,896 82,977 2,477,287 103,140 120,345 247,152 280,516 208,312 55,382 34,277 63,892 170,598 472,018 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, June 20, 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 Jun 20, 2018 Federal Reserve notes outstanding 1,788,315 Less: Notes held by F.R. Banks not subject to collateralization 174,286 Federal Reserve notes to be collateralized 1,614,030 Collateral held against Federal Reserve notes 1,614,030 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,597,793 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,112,021 Less: Face value of securities under reverse repurchase agreements 237,976 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,874,044 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.