FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 26, 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 25, 2018 Federal Reserve Banks Jul 25, 2018 Jul 18, 2018 Jul 26, 2017 Reserve Bank credit 4,249,257 - 7,010 - 186,127 4,238,181 Securities held outright (1) 4,081,384 - 6,674 - 169,342 4,071,830 U.S. Treasury securities 2,359,846 - 368 - 105,315 2,359,893 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,224,429 + 153 - 114,458 2,224,429 Notes and bonds, inflation-indexed (2) 113,886 - 557 + 6,235 113,886 Inflation compensation (3) 21,531 + 35 + 2,909 21,578 Federal agency debt securities (2) 2,409 0 - 5,688 2,409 Mortgage-backed securities (4) 1,719,129 - 6,306 - 58,339 1,709,528 Unamortized premiums on securities held outright (5) 148,640 - 524 - 16,739 148,257 Unamortized discounts on securities held outright (5) -13,861 + 29 + 787 -13,849 Repurchase agreements (6) 0 0 0 0 Loans 235 - 23 + 62 236 Primary credit 9 - 45 + 5 2 Secondary credit 0 0 0 0 Seasonal credit 226 + 23 + 57 234 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,711 0 + 1 1,715 Float -168 + 15 + 79 -162 Central bank liquidity swaps (8) 122 + 31 + 37 122 Other Federal Reserve assets (9) 31,194 + 135 - 1,012 30,031 Foreign currency denominated assets (10) 21,094 + 72 - 3 21,136 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 + 679 49,713 Total factors supplying reserve funds 4,336,305 - 6,923 - 185,451 4,325,270 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 25, 2018 Federal Reserve Banks Jul 25, 2018 Jul 18, 2018 Jul 26, 2017 Currency in circulation (11) 1,666,958 - 1,741 + 106,405 1,668,294 Reverse repurchase agreements (12) 248,297 - 1,442 - 106,702 250,340 Foreign official and international accounts 246,152 - 1,705 + 837 249,620 Others 2,145 + 262 - 107,539 720 Treasury cash holdings 201 + 5 + 39 206 Deposits with F.R. Banks, other than reserve balances 429,339 + 16,988 + 151,513 415,263 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 348,886 + 24,429 + 157,482 338,978 Foreign official 5,256 - 2 + 81 5,256 Other (13) 75,198 - 7,437 - 6,049 71,029 Other liabilities and capital (14) 44,391 - 734 - 3,259 43,880 Total factors, other than reserve balances, absorbing reserve funds 2,389,186 + 13,077 + 147,995 2,377,983 Reserve balances with Federal Reserve Banks 1,947,119 - 20,000 - 333,446 1,947,287 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 25, 2018 Jul 25, 2018 Jul 18, 2018 Jul 26, 2017 Securities held in custody for foreign official and international accounts 3,411,825 + 4,125 + 86,529 3,406,635 Marketable U.S. Treasury securities (1) 3,041,154 - 1,248 + 39,010 3,036,078 Federal agency debt and mortgage-backed securities (2) 297,702 + 5,601 + 35,912 297,488 Other securities (3) 72,969 - 228 + 11,607 73,069 Securities lent to dealers 19,504 + 2,035 - 505 18,325 Overnight facility (4) 19,504 + 2,035 - 505 18,325 U.S. Treasury securities 19,504 + 2,035 - 505 18,325 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 25, 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 198 38 0 0 0 ... 236 U.S. Treasury securities (1) Holdings 30,302 63,008 310,069 1,040,552 296,199 619,762 2,359,893 Weekly changes 0 0 + 2 + 18 + 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 0 146 41,027 1,668,355 1,709,528 Weekly changes 0 0 0 - 5 - 742 - 12,016 - 12,763 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 122 0 0 0 0 0 122 Reverse repurchase agreements (4) 250,340 0 ... ... ... ... 250,340 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 25, 2018 Mortgage-backed securities held outright (1) 1,709,528 Commitments to buy mortgage-backed securities (2) 7,878 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 Jul 25, 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 Jul 25, 2018 Wednesday Wednesday consolidation Jul 18, 2018 Jul 26, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,763 + 5 - 70 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,206,475 - 13,303 - 186,376 Securities held outright (1) 4,071,830 - 12,636 - 170,435 U.S. Treasury securities 2,359,893 + 127 - 105,277 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,224,429 0 - 114,458 Notes and bonds, inflation-indexed (2) 113,886 0 + 6,235 Inflation compensation (3) 21,578 + 127 + 2,947 Federal agency debt securities (2) 2,409 0 - 5,688 Mortgage-backed securities (4) 1,709,528 - 12,763 - 59,471 Unamortized premiums on securities held outright (5) 148,257 - 710 - 16,767 Unamortized discounts on securities held outright (5) -13,849 + 30 + 787 Repurchase agreements (6) 0 0 0 Loans 236 + 12 + 39 Net portfolio holdings of Maiden Lane LLC (7) 1,715 + 4 + 5 Items in process of collection (0) 202 - 5 + 146 Bank premises 2,186 + 1 - 12 Central bank liquidity swaps (8) 122 + 31 + 37 Foreign currency denominated assets (9) 21,136 + 169 + 105 Other assets (10) 27,845 - 837 - 1,438 Total assets (0) 4,277,681 - 13,934 - 187,603 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 25, 2018 Wednesday Wednesday consolidation Jul 18, 2018 Jul 26, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,620,547 - 117 + 105,596 Reverse repurchase agreements (11) 250,340 - 14,119 - 93,456 Deposits (0) 2,362,550 + 1,083 - 197,018 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,947,288 - 2,658 - 346,328 U.S. Treasury, General Account 338,978 + 3,177 + 155,444 Foreign official 5,256 - 1 + 66 Other (12) (0) 71,029 + 566 - 6,200 Deferred availability cash items (0) 364 - 25 - 88 Other liabilities and accrued dividends (13) 4,975 - 757 - 694 Total liabilities (0) 4,238,776 - 13,935 - 185,660 Capital accounts Capital paid in 32,080 0 + 1,232 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 38,905 0 - 1,943 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 25, 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 1,763 37 39 165 115 251 194 288 31 46 105 200 292 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,206,475 80,336 2,322,170 106,199 119,248 248,909 252,507 225,295 56,100 35,188 66,220 173,928 520,376 Securities held outright (1) 4,071,830 77,768 2,247,966 102,805 115,438 240,955 244,419 218,078 54,210 33,979 64,100 168,369 503,743 U.S. Treasury securities 2,359,893 45,071 1,302,844 59,582 66,904 139,649 141,657 126,391 31,418 19,693 37,150 97,581 291,952 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,359,893 45,071 1,302,844 59,582 66,904 139,649 141,657 126,391 31,418 19,693 37,150 97,581 291,952 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,709,528 32,650 943,792 43,162 48,466 101,163 102,617 91,559 22,759 14,266 26,912 70,689 211,493 Unamortized premiums on securities held outright (5) 148,257 2,832 81,849 3,743 4,203 8,773 8,899 7,940 1,974 1,237 2,334 6,130 18,341 Unamortized discounts on securities held outright (5) -13,849 -264 -7,645 -350 -393 -820 -831 -742 -184 -116 -218 -573 -1,713 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 236 2 0 0 0 0 20 17 101 87 4 1 5 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 202 0 0 0 0 0 201 0 0 0 0 0 0 Bank premises 2,186 109 442 75 118 197 203 198 107 95 233 219 189 Central bank liquidity swaps (8) 122 5 38 7 10 26 7 5 2 1 1 2 18 Foreign currency denominated assets (9) 21,136 899 6,664 1,200 1,706 4,566 1,221 896 305 97 209 262 3,111 Other assets (10) 27,845 567 14,884 700 802 1,860 1,670 1,467 451 282 508 1,239 3,416 Interdistrict settlement account 0 + 873 + 66,225 - 6,924 + 1,066 + 382 + 26,816 - 9,740 - 1,215 - 1,175 - 6,730 + 603 - 70,183 Total assets 4,277,681 83,388 2,417,621 101,983 123,847 257,375 284,965 219,572 56,265 34,823 61,007 177,639 459,198 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 25, 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 1,797,814 58,857 605,161 53,743 87,354 124,900 260,083 113,088 52,474 30,315 46,904 147,226 217,707 Less: Notes held by F.R. Banks 177,267 6,068 45,101 6,664 9,230 14,130 27,202 12,237 5,289 2,953 5,422 16,577 26,394 Federal Reserve notes, net 1,620,547 52,789 560,060 47,079 78,124 110,770 232,881 100,851 47,185 27,362 41,482 130,650 191,313 Reverse repurchase agreements (11) 250,340 4,781 138,207 6,321 7,097 14,814 15,027 13,408 3,333 2,089 3,941 10,352 30,971 Deposits 2,362,550 23,994 1,705,124 46,115 35,287 122,883 34,233 103,353 5,005 4,871 15,051 35,898 230,735 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 1,947,288 23,966 1,339,777 46,055 35,193 122,320 34,001 54,643 5,001 4,816 15,033 35,756 230,727 U.S. Treasury, General Account 338,978 0 338,978 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) 71,029 26 21,140 58 91 554 230 48,709 4 55 17 142 2 Deferred availability cash items 364 0 0 0 0 0 193 0 0 171 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,105 28 504 31 47 83 96 58 21 12 21 57 147 Other liabilities and accrued dividends 3,870 162 1,364 182 187 465 302 277 129 142 136 203 323 Total liabilities 4,238,776 81,754 2,405,260 99,727 120,743 249,015 282,732 217,946 55,674 34,646 60,631 177,159 453,488 Capital Capital paid in 32,080 1,343 10,210 1,868 2,553 6,885 1,838 1,336 492 146 308 395 4,706 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 4,277,681 83,388 2,417,621 101,983 123,847 257,375 284,965 219,572 56,265 34,823 61,007 177,639 459,198 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 25, 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 25, 2018 Federal Reserve notes outstanding 1,797,814 Less: Notes held by F.R. Banks not subject to collateralization 177,267 Federal Reserve notes to be collateralized 1,620,547 Collateral held against Federal Reserve notes 1,620,547 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,604,310 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,071,830 Less: Face value of securities under reverse repurchase agreements 249,522 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,822,308 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.