FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 6, 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 Dec 5, 2018 Federal Reserve Banks Dec 5, 2018 Nov 28, 2018 Dec 6, 2017 Reserve Bank credit 4,047,767 - 16,059 - 348,785 4,046,978 Securities held outright (1) 3,898,205 - 15,555 - 327,762 3,896,430 U.S. Treasury securities 2,242,326 - 10,777 - 212,155 2,240,551 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,103,737 - 11,647 - 220,867 2,101,796 Notes and bonds, inflation-indexed (2) 116,407 + 828 + 6,273 116,545 Inflation compensation (3) 22,183 + 42 + 2,440 22,210 Federal agency debt securities (2) 2,409 0 - 1,982 2,409 Mortgage-backed securities (4) 1,653,470 - 4,777 - 113,625 1,653,470 Unamortized premiums on securities held outright (5) 141,594 - 357 - 18,392 141,473 Unamortized discounts on securities held outright (5) -13,545 - 22 + 685 -13,539 Repurchase agreements (6) 19 + 19 + 19 66 Loans 55 - 21 + 13 57 Primary credit 5 - 5 0 10 Secondary credit 0 0 0 0 Seasonal credit 50 - 16 + 13 46 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 7 0 - 1,704 7 Float -487 - 307 - 96 -446 Central bank liquidity swaps (8) 194 + 127 + 159 194 Other Federal Reserve assets (9) 21,724 + 54 - 1,707 22,736 Foreign currency denominated assets (10) 20,626 + 47 - 656 20,611 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (11) 49,849 + 14 + 523 49,849 Total factors supplying reserve funds 4,134,483 - 15,998 - 348,917 4,133,678 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 Dec 5, 2018 Federal Reserve Banks Dec 5, 2018 Nov 28, 2018 Dec 6, 2017 Currency in circulation (11) 1,704,553 - 1,608 + 104,981 1,706,179 Reverse repurchase agreements (12) 232,520 - 6,668 - 67,295 235,657 Foreign official and international accounts 229,969 - 914 + 1,134 232,522 Others 2,551 - 5,754 - 68,429 3,135 Treasury cash holdings 203 - 4 + 2 202 Deposits with F.R. Banks, other than reserve balances 414,237 - 7,323 + 203,810 409,997 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 337,564 - 3,032 + 209,978 328,613 Foreign official 5,271 + 12 + 103 5,357 Other (13) 71,402 - 4,303 - 6,271 76,027 Other liabilities and capital (14) 44,829 + 123 - 3,466 45,338 Total factors, other than reserve balances, absorbing reserve funds 2,396,342 - 15,480 + 238,031 2,397,373 Reserve balances with Federal Reserve Banks 1,738,141 - 518 - 586,949 1,736,305 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 Dec 5, 2018 Dec 5, 2018 Nov 28, 2018 Dec 6, 2017 Securities held in custody for foreign official and international accounts 3,403,912 + 2,107 + 13,755 3,407,519 Marketable U.S. Treasury securities (1) 3,028,922 - 9 - 18,961 3,032,187 Federal agency debt and mortgage-backed securities (2) 308,343 + 1,499 + 44,028 308,498 Other securities (3) 66,646 + 617 - 11,313 66,834 Securities lent to dealers 18,989 + 2,704 - 854 21,855 Overnight facility (4) 18,989 + 2,704 - 854 21,855 U.S. Treasury securities 18,989 + 2,704 - 854 21,855 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, December 5, 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 25 31 0 0 0 ... 57 U.S. Treasury securities (1) Holdings 0 90,541 302,120 964,792 264,547 618,551 2,240,551 Weekly changes - 24,916 + 12,530 - 4,134 + 3,112 + 820 + 23 - 12,566 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 4 210 63,823 1,589,433 1,653,470 Weekly changes 0 0 + 1 + 9 + 2,780 - 2,788 + 2 Repurchase agreements (4) 66 0 ... ... ... ... 66 Central bank liquidity swaps (5) 194 0 0 0 0 0 194 Reverse repurchase agreements (4) 235,657 0 ... ... ... ... 235,657 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 Dec 5, 2018 Mortgage-backed securities held outright (1) 1,653,470 Commitments to buy mortgage-backed securities (2) 292 Commitments to sell mortgage-backed securities (2) 135 Cash and cash equivalents (3) 0 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 Dec 5, 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. 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 Dec 5, 2018 Wednesday Wednesday consolidation Nov 28, 2018 Dec 6, 2017 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,709 + 18 - 158 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,024,487 - 12,801 - 347,180 Securities held outright (1) 3,896,430 - 12,564 - 329,531 U.S. Treasury securities 2,240,551 - 12,566 - 213,923 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,101,796 - 13,588 - 222,808 Notes and bonds, inflation-indexed (2) 116,545 + 966 + 6,411 Inflation compensation (3) 22,210 + 56 + 2,474 Federal agency debt securities (2) 2,409 0 - 1,982 Mortgage-backed securities (4) 1,653,470 + 2 - 113,626 Unamortized premiums on securities held outright (5) 141,473 - 248 - 18,410 Unamortized discounts on securities held outright (5) -13,539 - 27 + 680 Repurchase agreements (6) 66 + 66 + 66 Loans 57 - 27 + 14 Net portfolio holdings of Maiden Lane LLC (7) 7 0 - 1,704 Items in process of collection (0) 62 - 20 - 17 Bank premises 2,192 - 8 - 18 Central bank liquidity swaps (8) 194 + 126 + 159 Foreign currency denominated assets (9) 20,611 + 128 - 563 Other assets (10) 20,545 + 1,431 - 1,624 Total assets (0) 4,086,044 - 11,126 - 351,104 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 Dec 5, 2018 Wednesday Wednesday consolidation Nov 28, 2018 Dec 6, 2017 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,658,238 - 267 + 102,571 Reverse repurchase agreements (11) 235,657 + 8,342 - 68,057 Deposits (0) 2,146,303 - 20,731 - 382,701 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 1,736,307 - 22,374 - 588,987 U.S. Treasury, General Account 328,613 - 3,723 + 206,486 Foreign official 5,357 + 100 + 189 Other (12) (0) 76,027 + 5,268 - 389 Deferred availability cash items (0) 508 + 41 - 149 Other liabilities and accrued dividends (13) 6,208 + 1,488 - 579 Total liabilities (0) 4,046,914 - 11,127 - 348,916 Capital accounts Capital paid in 32,305 + 1 + 987 Surplus 6,825 0 - 3,175 Other capital accounts 0 0 0 Total capital 39,130 + 1 - 2,188 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, December 5, 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 1,709 40 38 150 121 235 176 286 26 44 110 193 290 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,024,487 76,863 2,221,798 101,608 114,094 238,150 241,574 215,548 53,594 33,603 63,361 166,409 497,885 Securities held outright (1) 3,896,430 74,418 2,151,131 98,377 110,465 230,576 233,890 208,684 51,874 32,516 61,339 161,117 482,043 U.S. Treasury securities 2,240,551 42,792 1,236,958 56,569 63,520 132,587 134,493 119,999 29,829 18,697 35,272 92,646 277,188 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,240,551 42,792 1,236,958 56,569 63,520 132,587 134,493 119,999 29,829 18,697 35,272 92,646 277,188 Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298 Mortgage-backed securities (4) 1,653,470 31,580 912,843 41,747 46,876 97,846 99,252 88,556 22,013 13,798 26,030 68,371 204,558 Unamortized premiums on securities held outright (5) 141,473 2,702 78,104 3,572 4,011 8,372 8,492 7,577 1,883 1,181 2,227 5,850 17,502 Unamortized discounts on securities held outright (5) -13,539 -259 -7,474 -342 -384 -801 -813 -725 -180 -113 -213 -560 -1,675 Repurchase agreements (6) 66 1 36 2 2 4 4 4 1 1 1 3 8 Loans 57 1 0 0 0 0 0 8 15 20 6 0 6 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 62 0 0 0 0 0 61 0 0 1 0 0 0 Bank premises 2,192 108 452 81 117 195 205 193 105 95 232 219 188 Central bank liquidity swaps (8) 194 8 61 11 16 42 11 8 3 1 2 2 29 Foreign currency denominated assets (9) 20,611 877 6,499 1,171 1,663 4,452 1,191 874 297 95 204 255 3,033 Other assets (10) 20,545 422 10,860 511 590 1,399 1,227 1,072 496 228 371 869 2,501 Interdistrict settlement account 0 + 28,345 - 135,016 - 8,252 + 13,230 + 12,627 + 38,044 + 11,575 + 7,370 + 3,570 - 1,779 + 12,863 + 17,422 Total assets 4,086,044 107,224 2,110,142 95,839 130,612 258,286 284,634 230,720 62,374 37,925 62,961 181,998 523,328 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, December 5, 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 1,859,294 58,143 615,550 55,003 88,701 125,727 262,357 121,130 56,257 31,664 50,096 150,976 243,691 Less: Notes held by F.R. Banks 201,056 5,948 61,077 7,259 8,897 13,723 30,363 12,974 5,328 2,726 5,806 17,359 29,596 Federal Reserve notes, net 1,658,238 52,194 554,473 47,744 79,804 112,004 231,994 108,156 50,929 28,938 44,290 133,616 214,096 Reverse repurchase agreements (11) 235,657 4,501 130,101 5,950 6,681 13,945 14,146 12,621 3,137 1,967 3,710 9,744 29,154 Deposits 2,146,303 48,689 1,410,571 39,638 40,720 123,282 35,728 107,909 7,547 6,234 14,409 37,880 273,696 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 1,736,307 48,674 1,051,021 39,635 40,688 122,585 35,693 59,864 7,537 6,161 14,400 36,361 273,688 U.S. Treasury, General Account 328,613 0 328,613 0 0 0 0 0 0 0 0 0 0 Foreign official 5,357 2 5,329 2 3 9 2 2 1 0 0 0 6 Other (12) 76,027 13 25,607 1 29 688 33 48,044 9 73 9 1,519 2 Deferred availability cash items 508 0 0 0 0 0 66 0 0 441 0 0 0 Earnings remittances due to the U.S. Treasury (13) 1,318 22 704 36 47 76 107 68 21 11 19 58 149 Other liabilities and accrued dividends 4,890 185 1,850 216 229 612 317 325 149 151 152 222 482 Total liabilities 4,046,914 105,590 2,097,699 93,583 127,480 249,920 282,359 229,080 61,783 37,742 62,580 181,522 517,576 Capital Capital paid in 32,305 1,343 10,293 1,868 2,581 6,891 1,880 1,350 493 152 313 392 4,747 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 4,086,044 107,224 2,110,142 95,839 130,612 258,286 284,634 230,720 62,374 37,925 62,961 181,998 523,328 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, December 5, 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 Dec 5, 2018 Federal Reserve notes outstanding 1,859,294 Less: Notes held by F.R. Banks not subject to collateralization 201,056 Federal Reserve notes to be collateralized 1,658,238 Collateral held against Federal Reserve notes 1,658,238 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,642,001 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,896,496 Less: Face value of securities under reverse repurchase agreements 235,471 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,661,025 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.