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

 7,078,707

-   12,482

-  986,604

 7,070,165

Securities held outright1

 6,698,043

-   11,014

-  792,481

 6,690,962

U.S. Treasury securities

 4,395,898

-    2,853

-  593,409

 4,388,817

Bills2

   195,293

         0

-   63,768

   195,293

Notes and bonds, nominal2

 3,739,540

-    2,897

-  515,303

 3,732,403

Notes and bonds, inflation-indexed2

   344,044

         0

-   21,336

   344,044

Inflation compensation3

   117,022

+       44

+    7,000

   117,077

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,299,798

-    8,160

-  199,072

 2,299,798

Unamortized premiums on securities held outright5

   259,030

-      599

-   30,791

   258,808

Unamortized discounts on securities held outright5

   -24,741

+       17

+    2,822

   -24,660

Repurchase agreements6

         0

         0

-        3

         0

Foreign official

         0

         0

-        1

         0

Others

         0

         0

-        2

         0

Loans

   103,187

-      369

-  146,374

   102,447

Primary credit

     1,995

+      230

-       54

     1,517

Secondary credit

         0

         0

         0

         0

Seasonal credit

        94

-        4

+       20

        98

Paycheck Protection Program Liquidity Facility

     2,499

-       36

-    3,135

     2,497

Bank Term Funding Program

    98,599

-      560

-    9,059

    98,335

Other credit extensions7

         0

         0

-  134,147

         0

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

    10,652

+       15

-    8,888

    10,663

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,618

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,215

         0

Float

      -607

-      297

-      303

      -840

Central bank liquidity swaps9

       137

-        8

-       95

       137

Other Federal Reserve assets10

    33,006

-      228

-    3,657

    32,648

Foreign currency denominated assets11

    18,767

-       53

+      617

    18,771

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    10,200

         0

+    5,000

    10,200

Treasury currency outstanding12

    53,031

+       14

+      728

    53,031

Total factors supplying reserve funds

 7,171,746

-   12,521

-  980,258

 7,163,208

Currency in circulation12

 2,354,232

+    6,506

+   20,261

 2,356,084

Reverse repurchase agreements13

   811,836

+   71,332

-1,078,420

   744,252

Foreign official and international accounts

   411,397

+    5,459

+  110,084

   406,940

Others

   400,439

+   65,874

-1,188,503

   337,312

Treasury cash holdings

       356

-       19

+       27

       342

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

   898,539

-   20,990

+  248,292

   933,213

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   733,959

-   11,892

+  263,078

   771,047

Foreign official

     9,767

+       85

-      117

     9,826

Other14

   154,814

-    9,181

-   14,668

   152,339

Treasury contributions to credit facilities15

     4,958

         0

-    8,400

     4,958

Other liabilities and capital16

  -141,179

+    1,212

-   97,732

  -140,246

Total factors, other than reserve balances,
absorbing reserve funds

 3,928,744

+   58,043

-  915,969

 3,898,603

Reserve balances with Federal Reserve Banks

 3,243,002

-   70,564

-   64,289

 3,264,604

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

 3,308,311

+    7,935

-  122,322

 3,313,394

Marketable U.S. Treasury securities1

 2,930,606

+    8,338

-   66,272

 2,935,477

Federal agency debt and mortgage-backed securities2

   298,206

-       86

-   53,121

   298,245

Other securities3

    79,498

-      318

-    2,930

    79,672

Securities lent to dealers

    32,832

+      143

-   10,122

    36,433

Overnight facility4

    32,832

+      143

-   10,122

    36,433

U.S. Treasury securities

    32,832

+      143

-   10,122

    36,433

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

       824

       993

    98,563

     2,066

         0

...

   102,447

U.S. Treasury securities2

Holdings

    12,163

   240,316

   536,489

 1,482,687

   590,245

 1,526,917

 4,388,817

Weekly changes

-   29,176

+   28,346

+      852

-    9,914

-    1,309

+    1,298

-    9,904

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

         1

        21

     6,219

    24,819

 2,268,739

 2,299,798

Weekly changes

         0

+        1

+        1

+      101

+      106

-      207

         0

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

         0

         0

     5,526

...

...

     5,526

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       137

         0

         0

         0

         0

         0

       137

Reverse repurchase agreements6

   744,252

         0

...

...

...

...

   744,252

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

 2,299,798

Residential mortgage-backed securities

 2,291,676

Commercial mortgage-backed securities

     8,121

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)

     4,625

     4,736

     5,926

    10,663

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 June 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

    10,200

         0

+    5,000

Coin

     1,496

         0

+       83

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

 7,027,557

-   11,094

-  973,616

Securities held outright1

 6,690,962

-    9,904

-  798,727

U.S. Treasury securities

 4,388,817

-    9,904

-  599,654

Bills2

   195,293

         0

-   62,868

Notes and bonds, nominal2

 3,732,403

-    9,991

-  522,440

Notes and bonds, inflation-indexed2

   344,044

         0

-   21,336

Inflation compensation3

   117,077

+       86

+    6,990

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,299,798

         0

-  199,072

Unamortized premiums on securities held outright5

   258,808

-      474

-   30,845

Unamortized discounts on securities held outright5

   -24,660

+        9

+    2,821

Repurchase agreements6

         0

         0

-        6

Loans7

   102,447

-      725

-  146,860

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

    10,663

+       16

-    8,893

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,621

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,216

Items in process of collection

(0)

        58

+       12

-       21

Bank premises

       422

-       10

-       14

Central bank liquidity swaps9

       137

-        8

-       95

Foreign currency denominated assets10

    18,771

-       35

+      754

Other assets11

    32,226

+      448

-    5,112

Total assets

(0)

 7,112,567

-   10,671

-  988,751

Liabilities

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

 2,304,887

+    5,481

+   20,464

Reverse repurchase agreements12

   744,252

-   57,749

-1,155,626

Deposits

(0)

 4,197,818

+   39,560

+  251,478

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,264,605

+   19,646

-   25,870

U.S. Treasury, General Account

   771,047

+   13,970

+  289,495

Foreign official

     9,826

+      147

-      627

Other13

(0)

   152,339

+    5,797

-   11,522

Deferred availability cash items

(0)

       898

+      311

+       49

Treasury contributions to credit facilities14

     4,958

         0

-    8,400

Other liabilities and accrued dividends15

  -183,664

+    1,718

-   97,413

Total liabilities

(0)

 7,069,150

-   10,678

-  989,448

Capital accounts

Capital paid in

    36,633

+        8

+      698

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,418

+        8

+      698

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

    21,237

       729

     6,619

       657

       997

     1,557

     2,999

     1,417

       635

       355

       599

     1,786

     2,887

Coin

     1,496

        52

        52

       170

        43

       198

       102

       253

        33

        50

       102

       187

       253

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

 7,027,557

   155,813

 3,734,775

   105,419

   273,299

   699,489

   471,905

   389,626

   102,872

    48,502

    84,510

   311,753

   649,595

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

    10,663

    10,663

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       137

         6

        47

         5

        15

        27

         4

         7

         3

         1

         1

         3

        18

Foreign currency denominated

assets4

    18,771

       783

     6,492

       661

     1,997

     3,703

       615

       921

       423

       117

       204

       451

     2,403

Other assets5

    32,707

     1,051

    14,029

       599

     1,238

     3,454

     3,132

     1,827

       911

       540

       878

     1,658

     3,390

Interdistrict settlement account

         0

+    3,407

-   89,828

+   45,784

+   29,301

-   70,086

-    2,641

-   31,332

+    9,954

+    1,782

-   11,858

+   15,906

+   99,610

Total assets

 7,112,567

   172,503

 3,672,186

   153,296

   306,890

   638,342

   476,117

   362,718

   114,831

    51,347

    74,437

   331,746

   758,156

Liabilities

Federal Reserve notes, net

 2,304,887

    86,077

   744,447

    55,782

   115,562

   163,059

   358,276

   109,422

    77,923

    29,698

    30,441

   202,838

   331,364

Reverse repurchase agreements6

   744,252

    15,480

   400,512

    11,088

    29,022

    74,186

    49,793

    41,074

    10,414

     4,649

     8,183

    32,501

    67,348

Deposits

 4,197,818

    66,504

 2,628,095

    86,880

   165,638

   422,556

    65,230

   223,081

    25,316

    16,784

    35,789

    96,273

   365,670

Depository institutions

 3,264,605

    66,448

 1,794,091

    86,879

   165,604

   422,009

    65,202

   124,759

    25,309

    16,713

    35,760

    96,193

   365,639

U.S. Treasury, General Account

   771,047

         0

   771,047

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,826

         2

     9,800

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   152,339

        55

    53,157

         0

        29

       539

        27

    98,320

         7

        71

        29

        80

        26

Earnings remittances due to the U.S. Treasury8

  -195,050

    -3,712

  -120,654

    -2,296

    -8,393

   -31,345

        60

   -13,694

         0

      -205

      -672

    -1,394

   -12,745

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

    12,284

     1,353

     4,908

       317

       487

     1,326

     1,290

       692

       188

       146

       230

       340

     1,008

Total liabilities

 7,069,150

   170,661

 3,657,309

   151,770

   302,316

   629,782

   474,650

   360,574

   113,841

    51,071

    73,971

   330,558

   752,645

Capital

Capital paid in

    36,633

     1,559

    12,531

     1,286

     3,852

     7,221

     1,244

     1,810

       837

       233

       392

     1,025

     4,642

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

 7,112,567

   172,503

 3,672,186

   153,296

   306,890

   638,342

   476,117

   362,718

   114,831

    51,347

    74,437

   331,746

   758,156

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

 2,773,263

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

   468,376

Federal Reserve notes to be collateralized

 2,304,887

Collateral held against Federal Reserve notes

 2,304,887

Gold certificate account

    11,037

Special drawing rights certificate account

    10,200

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

 2,283,650

Other assets pledged

         0

Memo:

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

 6,690,962

Less: Face value of securities under reverse repurchase agreements

   837,914

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

 5,853,047

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.