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

 6,819,571

-   20,940

-  840,058

 6,806,114

Securities held outright1

 6,539,464

-   17,651

-  670,713

 6,526,716

U.S. Treasury securities

 4,303,855

-    4,961

-  472,202

 4,291,106

Bills2

   195,343

         0

-   21,575

   195,343

Notes and bonds, nominal2

 3,648,713

-    5,137

-  430,958

 3,635,780

Notes and bonds, inflation-indexed2

   341,422

+       62

-   24,156

   341,577

Inflation compensation3

   118,377

+      114

+    4,487

   118,407

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,233,262

-   12,690

-  198,511

 2,233,262

Unamortized premiums on securities held outright5

   249,633

-      699

-   29,206

   249,522

Unamortized discounts on securities held outright5

   -23,587

+      121

+    2,305

   -23,547

Repurchase agreements6

         1

-        7

+        1

         0

Foreign official

         0

         0

         0

         0

Others

         1

-        7

+        1

         0

Loans

     9,414

-      970

-  129,885

     9,629

Primary credit

     2,636

+      420

-      370

     3,227

Secondary credit

         1

         0

-        1

         5

Seasonal credit

        36

-       15

+       20

        23

Paycheck Protection Program Liquidity Facility

     1,965

-       12

-    1,485

     1,962

Bank Term Funding Program

     4,775

-    1,364

-  128,050

     4,412

Other credit extensions7

         0

         0

         0

         0

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

     8,255

+        8

-    7,908

     8,260

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-      213

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-       46

         0

Float

      -594

-      232

-       15

    -1,089

Central bank liquidity swaps9

     1,120

-        1

-      237

     1,120

Other Federal Reserve assets10

    35,865

-    1,511

-    4,141

    35,504

Foreign currency denominated assets11

    17,517

-       28

-    1,114

    17,481

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    15,200

         0

+   10,000

    15,200

Treasury currency outstanding12

    53,103

+       14

+      728

    53,103

Total factors supplying reserve funds

 6,916,432

-   20,954

-  830,444

 6,902,938

Currency in circulation12

 2,371,818

+    7,770

+   24,284

 2,373,847

Reverse repurchase agreements13

   709,100

+  198,064

-  563,949

   888,395

Foreign official and international accounts

   393,286

+    8,745

+   24,275

   414,935

Others

   315,814

+  189,319

-  588,224

   473,460

Treasury cash holdings

       316

-        8

-       79

       314

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

   901,289

-   70,898

-   37,883

   910,492

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   719,873

-   44,897

-   38,575

   721,892

Foreign official

     9,688

-       35

-        4

     9,687

Other14

   171,728

-   25,966

+      696

   178,912

Treasury contributions to credit facilities15

     3,461

         0

-    3,977

     3,461

Other liabilities and capital16

  -165,549

-    4,496

-   81,941

  -165,930

Total factors, other than reserve balances,
absorbing reserve funds

 3,820,435

+  130,431

-  663,545

 4,010,579

Reserve balances with Federal Reserve Banks

 3,095,997

-  151,385

-  166,898

 2,892,359

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.

16.

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

Securities held in custody for foreign official and international accounts

 3,275,086

-   22,251

-  113,631

 3,260,824

Marketable U.S. Treasury securities1

 2,894,160

-   21,257

-   67,355

 2,879,873

Federal agency debt and mortgage-backed securities2

   294,055

-      887

-   49,733

   294,057

Other securities3

    86,871

-      107

+    3,457

    86,894

Securities lent to dealers

    40,877

+    6,974

-    2,107

    43,918

Overnight facility4

    40,877

+    6,974

-    2,107

    43,918

U.S. Treasury securities

    40,877

+    6,974

-    2,107

    43,918

Federal agency debt securities

         0

         0

         0

         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

     3,621

     4,046

       365

     1,597

         0

...

     9,629

U.S. Treasury securities2

Holdings

    61,662

   236,055

   442,471

 1,465,857

   548,993

 1,536,069

 4,291,106

Weekly changes

+   27,005

-   23,233

-      346

-   21,817

+      446

+      158

-   17,787

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

        33

     3,810

    25,002

 2,204,417

 2,233,262

Weekly changes

         0

         0

-        3

-      104

-      539

-   11,572

-   12,217

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

        45

         0

     4,143

        13

...

...

     4,201

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,120

         0

         0

         0

         0

         0

     1,120

Reverse repurchase agreements6

   888,395

         0

...

...

...

...

   888,395

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

 2,233,262

Residential mortgage-backed securities

 2,225,216

Commercial mortgage-backed securities

     8,047

Commitments to buy mortgage-backed securities2

         0

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)

     3,583

     3,738

     4,522

     8,260

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 September 30, 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

    15,200

         0

+   10,000

Coin

     1,478

-        8

+       52

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

 6,762,319

-   30,786

-  824,781

Securities held outright1

 6,526,716

-   30,003

-  660,734

U.S. Treasury securities

 4,291,106

-   17,787

-  462,224

Bills2

   195,343

         0

-   21,445

Notes and bonds, nominal2

 3,635,780

-   18,106

-  421,367

Notes and bonds, inflation-indexed2

   341,577

+      217

-   24,001

Inflation compensation3

   118,407

+      103

+    4,591

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,233,262

-   12,217

-  198,511

Unamortized premiums on securities held outright5

   249,522

-      634

-   29,105

Unamortized discounts on securities held outright5

   -23,547

+       90

+    2,251

Repurchase agreements6

         0

-        1

         0

Loans7

     9,629

-      237

-  137,191

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

     8,260

+        7

-    7,913

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-      213

Net portfolio holdings of TALF II LLC8

         0

         0

-       46

Items in process of collection

(0)

        88

+       21

-        4

Bank premises

       587

-       10

+      158

Central bank liquidity swaps9

     1,120

-        1

-      237

Foreign currency denominated assets10

    17,481

-       30

-      904

Other assets11

    34,921

-    2,667

-    4,646

Total assets

(0)

 6,852,491

-   33,472

-  828,533

Liabilities

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

 2,322,532

+    6,270

+   25,100

Reverse repurchase agreements12

   888,395

+  322,068

-  197,580

Deposits

(0)

 3,802,855

-  357,020

-  570,441

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 2,892,363

-  326,113

-  567,046

U.S. Treasury, General Account

   721,892

-   13,147

-   21,572

Foreign official

     9,687

-        1

-        4

Other13

(0)

   178,912

-   17,760

+   18,181

Deferred availability cash items

(0)

     1,178

+      845

+      349

Treasury contributions to credit facilities14

     3,461

         0

-    3,977

Other liabilities and accrued dividends15

  -209,896

-    5,649

-   83,098

Total liabilities

(0)

 6,808,524

-   33,487

-  829,650

Capital accounts

Capital paid in

    37,182

+       15

+    1,117

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,967

+       15

+    1,117

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.

15.

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

Assets

Gold certificates and special drawing rights certificates

    26,237

       895

     8,109

       797

     1,233

     1,911

     3,730

     1,726

       786

       438

       738

     2,261

     3,613

Coin

     1,478

        53

        44

       167

        49

       198

       108

       247

        35

        57

        96

       192

       230

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

 6,762,319

   140,900

 3,634,777

   100,772

   264,256

   673,912

   452,461

   373,380

    94,933

    43,082

    74,607

   295,680

   613,558

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

     8,260

     8,260

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

     1,120

        47

       387

        39

       119

       221

        37

        55

        25

         7

        12

        27

       143

Foreign currency denominated

assets4

    17,481

       729

     6,052

       615

     1,858

     3,446

       572

       857

       393

       109

       190

       420

     2,236

Other assets5

    35,596

       832

    16,876

       620

     1,404

     3,814

     3,258

     1,939

       677

       455

       743

     1,655

     3,322

Interdistrict settlement account

         0

+   63,061

-  233,672

+   33,879

+   26,473

-   96,127

+   31,849

+   11,080

+   16,728

+    9,154

+      825

+   44,492

+   92,260

Total assets

 6,852,491

   214,777

 3,432,574

   136,889

   295,392

   587,375

   492,015

   389,285

   113,578

    53,302

    77,212

   344,727

   715,364

Liabilities

Federal Reserve notes, net

 2,322,532

    85,467

   749,634

    56,286

   116,208

   167,351

   363,113

   108,682

    78,300

    30,640

    32,855

   201,669

   332,327

Reverse repurchase agreements6

   888,395

    18,478

   478,081

    13,236

    34,643

    88,554

    59,437

    49,029

    12,431

     5,550

     9,768

    38,795

    80,392

Deposits

 3,802,855

   108,476

 2,318,897

    68,943

   149,438

   357,142

    66,384

   244,274

    21,592

    17,017

    34,773

   104,204

   311,716

Depository institutions

 2,892,363

   108,466

 1,533,361

    68,942

   149,398

   356,465

    66,482

   120,256

    21,592

    16,849

    34,739

   104,137

   311,679

U.S. Treasury, General Account

   721,892

         0

   721,892

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,687

         2

     9,661

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   178,912

         9

    53,983

         0

        36

       669

       -99

   124,015

        -1

       168

        34

        66

        32

Earnings remittances due to the U.S. Treasury8

  -216,602

    -4,347

  -131,226

    -3,277

    -9,714

   -34,935

       117

   -15,540

        11

      -306

      -843

    -1,428

   -15,113

Treasury contributions to credit facilities9

     3,461

     3,461

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     7,883

     1,389

     2,302

       175

       238

       682

     1,482

       432

       149

       121

       173

       239

       503

Total liabilities

 6,808,524

   212,924

 3,417,688

   135,363

   290,814

   578,794

   490,533

   386,876

   112,483

    53,021

    76,726

   343,479

   709,825

Capital

Capital paid in

    37,182

     1,571

    12,540

     1,287

     3,857

     7,243

     1,260

     2,076

       942

       239

       412

     1,085

     4,670

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

 6,852,491

   214,777

 3,432,574

   136,889

   295,392

   587,375

   492,015

   389,285

   113,578

    53,302

    77,212

   344,727

   715,364

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.

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

 2,784,931

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

   462,399

Federal Reserve notes to be collateralized

 2,322,532

Collateral held against Federal Reserve notes

 2,322,532

Gold certificate account

    11,037

Special drawing rights certificate account

    15,200

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

 2,296,295

Other assets pledged

         0

Memo:

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

 6,526,716

Less: Face value of securities under reverse repurchase agreements

 1,039,700

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

 5,487,015

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.