FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 20, 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 Sep 19, 2018 Federal Reserve Banks Sep 19, 2018 Sep 12, 2018 Sep 20, 2017 Reserve Bank credit 4,173,235 + 2,679 - 251,575 4,168,728 Securities held outright (1) 4,014,135 + 1,515 - 234,152 4,010,838 U.S. Treasury securities 2,313,205 + 2 - 152,250 2,313,206 Bills (2) 100 0 + 100 100 Notes and bonds, nominal (2) 2,175,602 0 - 161,724 2,175,602 Notes and bonds, inflation-indexed (2) 115,579 0 + 6,167 115,579 Inflation compensation (3) 21,925 + 3 + 3,208 21,925 Federal agency debt securities (2) 2,409 0 - 4,348 2,409 Mortgage-backed securities (4) 1,698,520 + 1,512 - 77,555 1,695,223 Unamortized premiums on securities held outright (5) 145,886 - 234 - 17,299 145,694 Unamortized discounts on securities held outright (5) -13,732 + 26 + 761 -13,720 Repurchase agreements (6) 0 0 0 0 Loans 304 + 33 + 52 442 Primary credit 40 - 2 + 9 152 Secondary credit 0 0 0 0 Seasonal credit 264 + 35 + 43 290 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,230 - 489 - 478 7 Float -161 + 2 + 106 -146 Central bank liquidity swaps (8) 100 + 9 + 63 100 Other Federal Reserve assets (9) 25,472 + 1,816 - 630 25,513 Foreign currency denominated assets (10) 21,044 + 17 - 410 21,049 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,771 + 14 + 632 49,771 Total factors supplying reserve funds 4,260,291 + 2,710 - 251,353 4,255,789 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 Sep 19, 2018 Federal Reserve Banks Sep 19, 2018 Sep 12, 2018 Sep 20, 2017 Currency in circulation (11) 1,685,180 - 1,797 + 105,517 1,685,759 Reverse repurchase agreements (12) 231,280 + 888 - 141,802 234,336 Foreign official and international accounts 227,640 - 2,261 - 18,276 225,421 Others 3,640 + 3,150 - 123,526 8,915 Treasury cash holdings 208 0 + 33 211 Deposits with F.R. Banks, other than reserve balances 419,051 + 45,224 + 200,944 468,516 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 335,878 + 32,224 + 208,096 399,519 Foreign official 5,256 0 + 90 5,256 Other (13) 77,917 + 13,000 - 7,242 63,741 Other liabilities and capital (14) 44,675 - 526 - 3,141 44,249 Total factors, other than reserve balances, absorbing reserve funds 2,380,395 + 43,790 + 161,552 2,433,071 Reserve balances with Federal Reserve Banks 1,879,896 - 41,080 - 412,905 1,822,718 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 Sep 19, 2018 Sep 19, 2018 Sep 12, 2018 Sep 20, 2017 Securities held in custody for foreign official and international accounts 3,426,076 + 4,270 + 49,721 3,433,732 Marketable U.S. Treasury securities (1) 3,051,573 - 2,387 - 416 3,058,169 Federal agency debt and mortgage-backed securities (2) 305,440 + 6,910 + 43,898 306,146 Other securities (3) 69,062 - 253 + 6,239 69,418 Securities lent to dealers 15,844 - 1,527 - 8,576 15,212 Overnight facility (4) 15,844 - 1,527 - 8,576 15,212 U.S. Treasury securities 15,844 - 1,527 - 8,576 15,212 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, September 19, 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 357 85 0 0 0 ... 442 U.S. Treasury securities (1) Holdings 19,007 83,154 315,819 1,010,629 267,466 617,132 2,313,206 Weekly changes + 19,007 - 19,006 0 0 + 1 + 1 + 2 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 1 154 44,412 1,650,656 1,695,223 Weekly changes 0 0 + 1 0 - 99 - 1,696 - 1,793 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 100 0 0 0 0 0 100 Reverse repurchase agreements (4) 234,336 0 ... ... ... ... 234,336 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 Sep 19, 2018 Mortgage-backed securities held outright (1) 1,695,223 Commitments to buy mortgage-backed securities (2) 5,060 Commitments to sell mortgage-backed securities (2) 5 Cash and cash equivalents (3) 4 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 Sep 19, 2018 Net portfolio holdings of Maiden Lane LLC (1) 7 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 Sep 19, 2018 Wednesday Wednesday consolidation Sep 12, 2018 Sep 20, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,764 + 5 - 71 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,143,254 - 1,998 - 248,049 Securities held outright (1) 4,010,838 - 1,791 - 231,890 U.S. Treasury securities 2,313,206 + 2 - 152,242 Bills (2) 100 0 + 100 Notes and bonds, nominal (2) 2,175,602 0 - 161,724 Notes and bonds, inflation-indexed (2) 115,579 0 + 6,167 Inflation compensation (3) 21,925 + 2 + 3,216 Federal agency debt securities (2) 2,409 0 - 4,348 Mortgage-backed securities (4) 1,695,223 - 1,793 - 75,301 Unamortized premiums on securities held outright (5) 145,694 - 359 - 17,134 Unamortized discounts on securities held outright (5) -13,720 + 27 + 761 Repurchase agreements (6) 0 0 0 Loans 442 + 125 + 214 Net portfolio holdings of Maiden Lane LLC (7) 7 - 1,713 - 1,701 Items in process of collection (0) 134 - 9 + 56 Bank premises 2,182 + 2 - 15 Central bank liquidity swaps (8) 100 + 9 + 63 Foreign currency denominated assets (9) 21,049 - 5 - 422 Other assets (10) 23,332 + 956 - 380 Total assets (0) 4,208,059 - 2,753 - 250,517 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 Sep 19, 2018 Wednesday Wednesday consolidation Sep 12, 2018 Sep 20, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,637,959 - 1,217 + 104,376 Reverse repurchase agreements (11) 234,336 + 4,790 - 179,233 Deposits (0) 2,291,234 - 5,439 - 172,608 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,822,718 - 101,291 - 406,691 U.S. Treasury, General Account 399,519 + 101,822 + 248,315 Foreign official 5,256 0 + 91 Other (12) (0) 63,741 - 5,970 - 14,322 Deferred availability cash items (0) 280 - 82 - 257 Other liabilities and accrued dividends (13) 5,192 - 876 - 688 Total liabilities (0) 4,169,002 - 2,823 - 248,410 Capital accounts Capital paid in 32,231 + 70 + 1,066 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 39,056 + 70 - 2,109 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, September 19, 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 1,764 44 41 159 120 240 190 292 30 44 108 202 293 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,143,254 79,124 2,287,164 104,597 117,455 245,156 248,697 222,021 55,302 34,668 65,228 171,305 512,536 Securities held outright (1) 4,010,838 76,603 2,214,294 101,265 113,709 237,346 240,758 214,812 53,398 33,470 63,140 165,847 496,197 U.S. Treasury securities 2,313,206 44,180 1,277,069 58,404 65,580 136,887 138,854 123,890 30,796 19,304 36,415 95,651 286,176 Bills (2) 100 2 55 3 3 6 6 5 1 1 2 4 12 Notes and bonds (3) 2,313,106 44,178 1,277,014 58,401 65,577 136,881 138,848 123,885 30,795 19,303 36,414 95,646 286,164 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,695,223 32,377 935,895 42,801 48,060 100,317 101,759 90,792 22,569 14,147 26,687 70,097 209,723 Unamortized premiums on securities held outright (5) 145,694 2,783 80,434 3,678 4,130 8,622 8,746 7,803 1,940 1,216 2,294 6,024 18,024 Unamortized discounts on securities held outright (5) -13,720 -262 -7,575 -346 -389 -812 -824 -735 -183 -114 -216 -567 -1,697 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 442 1 11 0 5 0 18 141 147 96 10 1 12 Net portfolio holdings of Maiden Lane LLC (7) 7 0 7 0 0 0 0 0 0 0 0 0 0 Items in process of collection 134 0 0 0 0 0 133 0 0 0 0 0 0 Bank premises 2,182 109 443 76 117 195 203 196 106 95 233 218 188 Central bank liquidity swaps (8) 100 4 32 6 8 22 6 4 1 0 1 1 15 Foreign currency denominated assets (9) 21,049 896 6,636 1,195 1,699 4,547 1,216 892 304 97 209 261 3,098 Other assets (10) 23,332 477 12,365 582 668 1,584 1,391 1,220 519 230 428 1,021 2,847 Interdistrict settlement account 0 + 817 + 24,105 - 5,945 - 188 + 18,189 + 29,498 - 8,230 + 1,437 - 448 - 7,024 + 4,653 - 56,865 Total assets 4,208,059 82,032 2,336,237 101,231 120,661 271,117 283,480 217,559 58,183 34,975 59,642 178,849 464,092 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, September 19, 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 1,824,138 58,467 609,397 54,795 87,836 125,770 263,107 120,116 55,293 30,472 47,801 149,848 221,236 Less: Notes held by F.R. Banks 186,179 6,386 48,304 7,127 9,271 13,292 27,689 13,010 5,565 3,083 5,512 17,563 29,377 Federal Reserve notes, net 1,637,959 52,081 561,093 47,668 78,565 112,478 235,418 107,106 49,728 27,389 42,289 132,286 191,860 Reverse repurchase agreements (11) 234,336 4,476 129,372 5,916 6,644 13,867 14,066 12,551 3,120 1,956 3,689 9,690 28,991 Deposits 2,291,234 23,648 1,631,342 45,173 32,110 135,842 31,239 95,928 4,590 5,134 13,127 36,118 236,983 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 1,822,718 23,617 1,208,014 45,170 32,059 135,472 31,203 51,444 4,585 5,082 13,116 35,981 236,976 U.S. Treasury, General Account 399,519 0 399,519 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) 63,741 29 18,581 1 48 362 34 44,482 4 53 11 136 1 Deferred availability cash items 280 0 0 0 0 0 117 0 0 163 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,116 23 577 28 37 52 97 62 20 12 15 61 132 Other liabilities and accrued dividends 4,076 171 1,415 190 198 516 311 280 137 145 147 210 356 Total liabilities 4,169,002 80,399 2,323,798 98,976 117,554 262,755 281,249 215,926 57,595 34,799 59,267 178,365 458,321 Capital Capital paid in 32,231 1,343 10,288 1,868 2,556 6,888 1,837 1,344 489 145 308 399 4,766 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 4,208,059 82,032 2,336,237 101,231 120,661 271,117 283,480 217,559 58,183 34,975 59,642 178,849 464,092 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, September 19, 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 Sep 19, 2018 Federal Reserve notes outstanding 1,824,138 Less: Notes held by F.R. Banks not subject to collateralization 186,179 Federal Reserve notes to be collateralized 1,637,959 Collateral held against Federal Reserve notes 1,637,959 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,621,723 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,010,838 Less: Face value of securities under reverse repurchase agreements 236,242 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,774,597 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.