FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 12, 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 Jul 11, 2018 Federal Reserve Banks Jul 11, 2018 Jul 4, 2018 Jul 12, 2017 Reserve Bank credit 4,250,856 - 9,079 - 175,878 4,251,681 Securities held outright (1) 4,084,139 - 10,152 - 159,350 4,084,188 U.S. Treasury securities 2,360,457 - 10,153 - 104,655 2,360,504 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,224,161 - 10,286 - 113,448 2,224,161 Notes and bonds, inflation-indexed (2) 114,860 0 + 6,126 114,860 Inflation compensation (3) 21,436 + 132 + 2,667 21,483 Federal agency debt securities (2) 2,409 0 - 5,688 2,409 Mortgage-backed securities (4) 1,721,273 + 1 - 49,008 1,721,275 Unamortized premiums on securities held outright (5) 149,331 - 249 - 16,291 149,265 Unamortized discounts on securities held outright (5) -13,914 + 9 + 805 -13,904 Repurchase agreements (6) 0 0 0 0 Loans 194 - 14 + 40 200 Primary credit 8 - 30 - 7 6 Secondary credit 0 0 0 0 Seasonal credit 186 + 16 + 47 195 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 + 2 1,711 Float -235 + 222 + 38 -183 Central bank liquidity swaps (8) 239 - 852 + 183 96 Other Federal Reserve assets (9) 29,392 + 1,959 - 1,303 30,307 Foreign currency denominated assets (10) 21,210 + 61 + 556 21,148 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,713 + 14 + 711 49,713 Total factors supplying reserve funds 4,338,020 - 9,005 - 174,610 4,338,783 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 Jul 11, 2018 Federal Reserve Banks Jul 11, 2018 Jul 4, 2018 Jul 12, 2017 Currency in circulation (11) 1,672,233 + 3,584 + 107,264 1,672,158 Reverse repurchase agreements (12) 261,252 - 38,964 - 166,826 249,412 Foreign official and international accounts 257,313 + 7,550 + 14,993 248,182 Others 3,939 - 46,514 - 181,818 1,230 Treasury cash holdings 195 - 2 + 16 195 Deposits with F.R. Banks, other than reserve balances 401,829 - 12,992 + 150,777 392,251 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 326,476 - 9,550 + 155,443 316,434 Foreign official 5,257 - 20 + 92 5,256 Other (13) 70,096 - 3,422 - 4,757 70,560 Other liabilities and capital (14) 44,427 - 727 - 3,156 43,900 Total factors, other than reserve balances, absorbing reserve funds 2,379,936 - 49,102 + 88,075 2,357,915 Reserve balances with Federal Reserve Banks 1,958,085 + 40,098 - 262,684 1,980,868 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 Jul 11, 2018 Jul 11, 2018 Jul 4, 2018 Jul 12, 2017 Securities held in custody for foreign official and international accounts 3,405,484 + 9,659 + 82,897 3,400,253 Marketable U.S. Treasury securities (1) 3,041,355 + 9,083 + 41,833 3,035,721 Federal agency debt and mortgage-backed securities (2) 291,292 0 + 30,519 291,292 Other securities (3) 72,837 + 576 + 10,546 73,240 Securities lent to dealers 20,611 - 372 - 3,454 18,400 Overnight facility (4) 20,611 - 372 - 3,454 18,400 U.S. Treasury securities 20,611 - 372 - 3,454 18,400 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, July 11, 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 38 162 0 0 0 ... 200 U.S. Treasury securities (1) Holdings 1,133 93,310 307,881 1,042,558 296,037 619,586 2,360,504 Weekly changes + 1 0 + 2 + 19 + 45 + 61 + 127 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 41,885 1,679,242 1,721,275 Weekly changes 0 0 0 0 + 2,715 - 2,712 + 3 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 96 0 0 0 0 0 96 Reverse repurchase agreements (4) 249,412 0 ... ... ... ... 249,412 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 Jul 11, 2018 Mortgage-backed securities held outright (1) 1,721,275 Commitments to buy mortgage-backed securities (2) 14,598 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 8 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 Jul 11, 2018 Net portfolio holdings of Maiden Lane LLC (1) 1,711 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 Jul 11, 2018 Wednesday Wednesday consolidation Jul 4, 2018 Jul 12, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,750 - 6 - 55 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,750 - 21 - 174,735 Securities held outright (1) 4,084,188 + 130 - 159,310 U.S. Treasury securities 2,360,504 + 127 - 104,617 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,224,161 0 - 113,448 Notes and bonds, inflation-indexed (2) 114,860 0 + 6,126 Inflation compensation (3) 21,483 + 127 + 2,705 Federal agency debt securities (2) 2,409 0 - 5,688 Mortgage-backed securities (4) 1,721,275 + 3 - 49,006 Unamortized premiums on securities held outright (5) 149,265 - 211 - 16,279 Unamortized discounts on securities held outright (5) -13,904 + 28 + 805 Repurchase agreements (6) 0 0 0 Loans 200 + 31 + 49 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 + 2 Items in process of collection (0) 203 - 33 + 141 Bank premises 2,183 + 1 - 13 Central bank liquidity swaps (8) 96 - 995 + 41 Foreign currency denominated assets (9) 21,148 + 1 + 438 Other assets (10) 28,124 + 2,490 - 1,320 Total assets (0) 4,291,201 + 1,437 - 175,501 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 Jul 11, 2018 Wednesday Wednesday consolidation Jul 4, 2018 Jul 12, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,624,385 - 32 + 106,576 Reverse repurchase agreements (11) 249,412 - 15,193 - 170,484 Deposits (0) 2,373,119 + 18,789 - 108,194 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,980,868 + 26,658 - 258,083 U.S. Treasury, General Account 316,434 - 9,109 + 154,278 Foreign official 5,256 + 2 + 91 Other (12) (0) 70,560 + 1,237 - 4,480 Deferred availability cash items (0) 386 - 48 - 127 Other liabilities and accrued dividends (13) 5,000 - 2,076 - 1,325 Total liabilities (0) 4,252,301 + 1,438 - 173,554 Capital accounts Capital paid in 32,075 - 1 + 1,228 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 38,900 - 1 - 1,947 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, July 11, 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 1,750 35 41 164 114 250 187 289 27 48 104 196 295 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,750 80,589 2,329,519 106,536 119,626 249,697 253,303 226,010 56,254 35,284 66,430 174,478 522,026 Securities held outright (1) 4,084,188 78,004 2,254,789 103,117 115,788 241,686 245,161 218,740 54,374 34,083 64,295 168,880 505,272 U.S. Treasury securities 2,360,504 45,083 1,303,181 59,598 66,921 139,686 141,693 126,423 31,426 19,698 37,160 97,606 292,028 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,360,504 45,083 1,303,181 59,598 66,921 139,686 141,693 126,423 31,426 19,698 37,160 97,606 292,028 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,721,275 32,875 950,277 43,459 48,799 101,858 103,323 92,188 22,916 14,364 27,097 71,174 212,946 Unamortized premiums on securities held outright (5) 149,265 2,851 82,406 3,769 4,232 8,833 8,960 7,994 1,987 1,246 2,350 6,172 18,466 Unamortized discounts on securities held outright (5) -13,904 -266 -7,676 -351 -394 -823 -835 -745 -185 -116 -219 -575 -1,720 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 200 0 0 1 0 0 17 20 77 72 4 0 8 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 1,711 0 0 0 0 0 0 0 0 0 0 Items in process of collection 203 1 0 0 0 0 201 0 0 0 0 0 0 Bank premises 2,183 109 442 74 118 196 203 198 107 95 233 219 189 Central bank liquidity swaps (8) 96 4 30 5 8 21 6 4 1 0 1 1 14 Foreign currency denominated assets (9) 21,148 900 6,668 1,201 1,707 4,568 1,222 896 305 97 210 262 3,112 Other assets (10) 28,124 568 15,063 706 811 1,877 1,689 1,484 455 304 512 1,197 3,458 Interdistrict settlement account 0 + 3,426 + 62,206 - 5,083 - 299 + 4,640 + 25,793 - 18,086 - 1,065 - 1,243 - 7,985 - 5,723 - 56,581 Total assets 4,291,201 86,191 2,421,123 104,165 122,866 262,434 284,749 211,959 56,567 34,875 59,965 171,816 474,491 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, July 11, 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 1,792,178 58,966 606,381 53,743 87,475 124,920 259,583 113,148 51,832 30,323 46,926 141,227 217,654 Less: Notes held by F.R. Banks 167,793 5,723 42,453 6,335 8,925 13,396 26,106 11,364 5,159 2,868 5,197 15,907 24,360 Federal Reserve notes, net 1,624,385 53,244 563,928 47,408 78,550 111,524 233,478 101,784 46,673 27,455 41,729 125,320 193,294 Reverse repurchase agreements (11) 249,412 4,763 137,695 6,297 7,071 14,759 14,971 13,358 3,320 2,081 3,926 10,313 30,856 Deposits 2,373,119 26,379 1,705,052 48,013 33,939 127,316 33,494 94,865 5,836 4,819 13,770 35,437 244,198 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 1,980,868 26,345 1,362,275 48,010 33,880 126,688 33,458 46,385 5,831 4,743 13,756 35,306 244,191 U.S. Treasury, General Account 316,434 0 316,434 0 0 0 0 0 0 0 0 0 0 Foreign official 5,256 2 5,229 2 3 9 2 2 1 0 0 0 6 Other (12) 70,560 32 21,115 1 56 619 34 48,479 4 76 14 131 1 Deferred availability cash items 386 0 0 0 0 0 198 0 0 188 0 0 0 Earnings remittances due to the U.S. Treasury (13) 985 12 548 15 18 14 85 56 18 14 28 63 114 Other liabilities and accrued dividends 4,015 159 1,539 177 184 462 290 269 133 141 137 203 320 Total liabilities 4,252,301 84,558 2,408,762 101,909 119,762 254,075 282,516 210,332 55,980 34,699 59,590 171,336 468,783 Capital Capital paid in 32,075 1,343 10,210 1,868 2,553 6,885 1,838 1,337 489 145 308 395 4,704 Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,291,201 86,191 2,421,123 104,165 122,866 262,434 284,749 211,959 56,567 34,875 59,965 171,816 474,491 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, July 11, 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 $6.825 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 Jul 11, 2018 Federal Reserve notes outstanding 1,792,178 Less: Notes held by F.R. Banks not subject to collateralization 167,793 Federal Reserve notes to be collateralized 1,624,385 Collateral held against Federal Reserve notes 1,624,385 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,608,148 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,084,188 Less: Face value of securities under reverse repurchase agreements 246,585 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,837,604 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.