Board of Governors of the Federal Reserve System

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

Reserve Bank credit

 7,207,812

-   13,221

-1,109,827

 7,195,440

Securities held outright1

 6,802,167

-   12,935

-  892,270

 6,791,915

U.S. Treasury securities

 4,453,415

-    4,660

-  691,844

 4,453,571

Bills2

   195,293

+       75

-   76,871

   195,293

Notes and bonds, nominal2

 3,788,720

-    5,152

-  608,203

 3,788,720

Notes and bonds, inflation-indexed2

   351,111

         0

-   17,139

   351,111

Inflation compensation3

   118,291

+      417

+   10,369

   118,447

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,346,405

-    8,275

-  200,426

 2,335,997

Unamortized premiums on securities held outright5

   264,599

-      671

-   31,943

   264,205

Unamortized discounts on securities held outright5

   -24,788

+      215

+    2,665

   -24,692

Repurchase agreements6

         7

-       10

+        7

         1

Foreign official

         1

-        2

+        1

         0

Others

         6

-        8

+        6

         1

Loans

   116,624

-      303

-  168,097

   116,481

Primary credit

     6,921

+      353

+    3,522

     7,026

Secondary credit

         0

         0

         0

         0

Seasonal credit

        52

+       10

+       25

        52

Paycheck Protection Program Liquidity Facility

     2,849

-       19

-    4,609

     2,847

Bank Term Funding Program

   106,802

-      647

+    3,848

   106,556

Other credit extensions7

         0

         0

-  170,884

         0

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

    11,161

-      126

-    8,770

    11,173

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,590

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,714

         0

Float

      -312

-       59

-       99

      -390

Central bank liquidity swaps9

       123

+        3

-      187

       124

Other Federal Reserve assets10

    38,230

+      664

-    3,829

    36,623

Foreign currency denominated assets11

    17,661

-       98

-      694

    17,603

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    52,966

+       14

+      721

    52,966

Total factors supplying reserve funds

 7,294,680

-   13,305

-1,109,799

 7,282,250

Currency in circulation12

 2,352,241

+    2,036

+   10,785

 2,352,646

Reverse repurchase agreements13

   825,043

+   59,988

-1,470,944

   879,766

Foreign official and international accounts

   390,137

+    7,230

+   59,891

   389,610

Others

   434,906

+   52,759

-1,530,835

   490,156

Treasury cash holdings

       410

-        1

+      192

       409

Deposits with F.R. Banks, other than reserve balances

   932,877

+   54,279

+  330,401

   898,647

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   765,417

+   42,007

+  374,846

   744,206

Foreign official

     9,683

         0

-        2

     9,682

Other14

   157,777

+   12,272

-   44,443

   144,759

Treasury contributions to credit facilities15

     4,958

         0

-    8,400

     4,958

Other liabilities and capital16

  -123,496

+    2,020

-  102,914

  -123,071

Total factors, other than reserve balances,
absorbing reserve funds

 3,992,033

+  118,322

-1,240,879

 4,013,355

Reserve balances with Federal Reserve Banks

 3,302,647

-  131,627

+  131,080

 3,268,895

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.

Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Includes bank premises, accrued interest, and other accounts receivable.

11.

Revalued daily at current foreign currency exchange rates.

12.

Estimated.

13.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

14.

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.

15.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

16.

Includes the liability for earnings remittances due to the U.S. Treasury.

Securities held in custody for foreign official and international accounts

 3,314,230

+    4,446

-  118,173

 3,307,305

Marketable U.S. Treasury securities1

 2,926,814

+    6,936

-   71,428

 2,920,502

Federal agency debt and mortgage-backed securities2

   306,825

-    2,168

-   45,332

   306,483

Other securities3

    80,591

-      322

-    1,413

    80,320

Securities lent to dealers

    38,624

+    1,855

-    3,497

    39,900

Overnight facility4

    38,624

+    1,855

-    3,497

    39,900

U.S. Treasury securities

    38,624

+    1,855

-    3,490

    39,900

Federal agency debt securities

         0

         0

-        7

         0

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.

Loans1

     1,965

     7,359

   104,474

     2,682

         0

...

   116,481

U.S. Treasury securities2

Holdings

    46,454

   219,055

   535,109

 1,489,439

   647,692

 1,515,822

 4,453,571

Weekly changes

+   18,712

-   18,728

+      146

+      183

+       66

+      121

+      500

Federal agency debt securities3

Holdings

         0

         0

         0

       486

     1,861

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

        24

     5,673

    26,883

 2,303,415

 2,335,997

Weekly changes

         0

-        1

-        7

-       89

-      644

-   17,904

-   18,643

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

         0

         0

     6,248

...

...

     6,248

Repurchase agreements6

         1

         0

...

...

...

...

         1

Central bank liquidity swaps7

       124

         0

         0

         0

         0

         0

       124

Reverse repurchase agreements6

   879,766

         0

...

...

...

...

   879,766

Term deposits

         0

         0

         0

...

...

...

         0

1.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF), Bank Term Funding Program, and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles.

2.

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.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Book value of the loan participations held by the MS Facilities 2020 LLC.

6.

Cash value of agreements.

7.

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.

Mortgage-backed securities held outright1

 2,335,997

Residential mortgage-backed securities

 2,327,852

Commercial mortgage-backed securities

     8,144

Commitments to buy mortgage-backed securities2

        81

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         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. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

MS Facilities 2020 LLC (Main Street Lending Program)

     5,250

     5,245

     5,928

    11,173

1.

Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.

2.

Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses updated as of March 31, 2024.

3.

Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Refer to the note on consolidation accompanying table 6.

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,447

-        2

+      111

Securities, unamortized premiums and discounts, repurchase agreements, and loans

 7,147,910

-   19,259

-1,088,467

Securities held outright1

 6,791,915

-   18,143

-  893,650

U.S. Treasury securities

 4,453,571

+      500

-  691,509

Bills2

   195,293

+       75

-   76,510

Notes and bonds, nominal2

 3,788,720

         0

-  608,203

Notes and bonds, inflation-indexed2

   351,111

         0

-   17,117

Inflation compensation3

   118,447

+      425

+   10,321

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,335,997

-   18,643

-  202,141

Unamortized premiums on securities held outright5

   264,205

-      914

-   31,927

Unamortized discounts on securities held outright5

   -24,692

+      238

+    2,654

Repurchase agreements6

         1

         0

+        1

Loans7

   116,481

-      441

-  165,545

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

    11,173

+       14

-    8,776

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,593

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,715

Items in process of collection

(0)

        45

-        7

-        5

Bank premises

       432

-        2

-       31

Central bank liquidity swaps9

       124

+        4

-      186

Foreign currency denominated assets10

    17,603

-      162

-      721

Other assets11

    36,192

-    1,964

-    4,368

Total assets

(0)

 7,231,163

-   21,379

-1,109,751

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

 2,301,532

+      717

+    8,216

Reverse repurchase agreements12

   879,766

+  114,897

-1,392,105

Deposits

(0)

 4,167,543

-  138,828

+  385,283

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,268,896

-   97,271

+   92,858

U.S. Treasury, General Account

   744,206

-   37,952

+  335,645

Foreign official

     9,682

         0

-        3

Other13

(0)

   144,759

-    3,604

-   43,216

Deferred availability cash items

(0)

       435

+      175

-      103

Treasury contributions to credit facilities14

     4,958

         0

-    8,400

Other liabilities and accrued dividends15

  -166,364

+    1,653

-  103,521

Total liabilities

(0)

 7,187,869

-   21,386

-1,110,630

Capital accounts

Capital paid in

    36,508

+        6

+      878

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,293

+        6

+      878

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.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

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.

10.

Revalued daily at current foreign currency exchange rates.

11.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

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.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

Assets

Gold certificates and special drawing rights certificates

    16,237

       563

     5,129

       517

       761

     1,203

     2,268

     1,108

       484

       272

       460

     1,311

     2,161

Coin

     1,447

        39

        42

       166

        46

       189

       108

       253

        29

        51

       100

       171

       253

Securities, unamortized premiums and discounts, repurchase agreements,
and loans1

 7,147,910

   158,775

 3,796,677

   107,246

   277,574

   711,173

   480,257

   396,975

   104,600

    49,772

    85,957

   317,216

   661,688

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

    11,173

    11,173

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       124

         5

        43

         4

        13

        24

         4

         6

         3

         1

         1

         3

        16

Foreign currency denominated

assets4

    17,603

       734

     6,088

       620

     1,873

     3,473

       577

       864

       396

       110

       192

       423

     2,253

Other assets5

    36,669

     1,057

    16,569

       659

     1,415

     3,880

     3,438

     2,059

       744

       528

       874

     1,795

     3,650

Interdistrict settlement account

         0

+    6,906

+   29,864

+   15,489

+   10,543

-   70,423

-   11,909

-   34,293

+      593

-    4,266

-    8,012

-    2,910

+   68,418

Total assets

 7,231,163

   179,253

 3,854,411

   124,702

   292,225

   649,520

   474,742

   366,972

   106,850

    46,467

    79,572

   318,010

   738,440

Liabilities

Federal Reserve notes, net

 2,301,532

    87,719

   740,914

    56,457

   115,388

   162,784

   356,194

   112,334

    73,625

    27,807

    35,184

   202,325

   330,802

Reverse repurchase agreements6

   879,766

    18,299

   473,438

    13,107

    34,306

    87,694

    58,860

    48,552

    12,311

     5,496

     9,673

    38,419

    79,611

Deposits

 4,167,543

    68,673

 2,730,882

    55,258

   145,010

   417,676

    57,323

   215,753

    19,736

    12,944

    34,625

    77,182

   332,481

Depository institutions

 3,268,896

    68,620

 1,926,360

    55,256

   144,978

   417,441

    57,296

   122,292

    19,731

    12,824

    34,597

    77,072

   332,430

U.S. Treasury, General Account

   744,206

         0

   744,206

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,682

         2

     9,656

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   144,759

        51

    50,660

         0

        27

       227

        26

    93,460

         4

       120

        28

       109

        46

Earnings remittances due to the U.S. Treasury8

  -178,465

    -3,486

  -111,028

    -1,891

    -7,569

   -28,824

        66

   -12,507

         9

      -196

      -604

    -1,414

   -11,021

Treasury contributions to credit facilities9

     4,958

     4,958

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    12,536

     1,256

     5,338

       261

       519

     1,647

       839

       704

       186

       145

       232

       339

     1,068

Total liabilities

 7,187,869

   177,419

 3,839,543

   123,192

   287,654

   640,976

   473,283

   364,837

   105,867

    46,195

    79,111

   316,851

   732,941

Capital

Capital paid in

    36,508

     1,550

    12,522

     1,271

     3,849

     7,205

     1,237

     1,801

       830

       230

       387

       996

     4,631

Surplus

     6,785

       283

     2,346

       239

       722

     1,339

       222

       333

       153

        42

        74

       163

       869

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

 7,231,163

   179,253

 3,854,411

   124,702

   292,225

   649,520

   474,742

   366,972

   106,850

    46,467

    79,572

   318,010

   738,440

1.

Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between

the purchase price and the face value of the securities that have not been amortized.  For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,

amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.

2.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3.

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.

4.

Revalued daily at current foreign currency exchange rates.

5.

Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.

6.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7.

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.

8.

The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.

9.

Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities 2020 LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities 2020 LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.

The FRBNY is the managing member of MLF LLC and TALF II LLC. The FRBB is the managing member of MS Facilities 2020 LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

Federal Reserve notes outstanding

 2,761,865

Less: Notes held by F.R. Banks not subject to collateralization

   460,333

Federal Reserve notes to be collateralized

 2,301,532

Collateral held against Federal Reserve notes

 2,301,532

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

 2,285,295

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

 6,791,916

Less: Face value of securities under reverse repurchase agreements

   995,492

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

 5,796,424

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.