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

 7,221,033

-      706

-1,113,802

 7,216,830

Securities held outright1

 6,815,102

-    3,392

-  889,907

 6,810,058

U.S. Treasury securities

 4,458,075

-    3,430

-  687,845

 4,453,071

Bills2

   195,218

         0

-   78,136

   195,218

Notes and bonds, nominal2

 3,793,872

-    3,863

-  603,044

 3,788,720

Notes and bonds, inflation-indexed2

   351,111

         0

-   17,142

   351,111

Inflation compensation3

   117,874

+      434

+   10,477

   118,022

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,354,680

+       38

-  202,061

 2,354,640

Unamortized premiums on securities held outright5

   265,270

-      461

-   32,062

   265,119

Unamortized discounts on securities held outright5

   -25,003

+      118

+    2,666

   -24,930

Repurchase agreements6

        17

+       13

+       17

         1

Foreign official

         3

+        1

+        3

         1

Others

        14

+       12

+       14

         0

Loans

   116,927

-       66

-  174,539

   116,922

Primary credit

     6,568

+      248

+    3,320

     6,683

Secondary credit

         0

         0

         0

         0

Seasonal credit

        42

+       10

+       17

        46

Paycheck Protection Program Liquidity Facility

     2,868

-       33

-    4,767

     2,855

Bank Term Funding Program

   107,449

-      291

+    4,961

   107,338

Other credit extensions7

         0

         0

-  178,069

         0

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

    11,287

-       87

-    8,625

    11,159

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,588

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,712

         0

Float

      -253

-       32

-       82

      -208

Central bank liquidity swaps9

       120

+        6

-      169

       120

Other Federal Reserve assets10

    37,566

+    3,197

-    3,804

    38,589

Foreign currency denominated assets11

    17,759

-      119

-      703

    17,765

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    52,952

+       14

+      714

    52,952

Total factors supplying reserve funds

 7,307,985

-      811

-1,113,791

 7,303,788

Currency in circulation12

 2,350,205

-      857

+    6,763

 2,351,912

Reverse repurchase agreements13

   765,055

-   18,747

-1,578,618

   764,869

Foreign official and international accounts

   382,907

+    4,678

+   48,513

   389,327

Others

   382,147

-   23,427

-1,627,132

   375,542

Treasury cash holdings

       411

+        5

+      186

       410

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

   878,598

+   44,839

+  387,638

   940,203

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   723,410

+   49,837

+  446,560

   782,158

Foreign official

     9,683

-       19

-        4

     9,682

Other14

   145,505

-    4,979

-   58,918

   148,363

Treasury contributions to credit facilities15

     4,958

         0

-    8,400

     4,958

Other liabilities and capital16

  -125,516

-    5,190

-  104,075

  -124,730

Total factors, other than reserve balances,
absorbing reserve funds

 3,873,711

+   20,049

-1,296,507

 3,937,622

Reserve balances with Federal Reserve Banks

 3,434,274

-   20,860

+  182,716

 3,366,166

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

 3,309,784

-   20,746

-  115,640

 3,307,267

Marketable U.S. Treasury securities1

 2,919,878

-   19,327

-   74,133

 2,917,368

Federal agency debt and mortgage-backed securities2

   308,993

-    1,406

-   40,367

   308,940

Other securities3

    80,913

-       13

-    1,140

    80,959

Securities lent to dealers

    36,769

+    4,084

-    3,930

    38,416

Overnight facility4

    36,769

+    4,084

-    3,930

    38,416

U.S. Treasury securities

    36,769

+    4,084

-    3,922

    38,416

Federal agency debt securities

         0

         0

-        8

         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

     1,537

     7,468

   105,147

     2,769

         0

...

   116,922

U.S. Treasury securities2

Holdings

    27,742

   237,783

   534,963

 1,489,256

   647,626

 1,515,701

 4,453,071

Weekly changes

+    5,712

-   14,732

-    1,204

-      527

+    1,326

+      834

-    8,590

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

        31

     5,762

    27,527

 2,321,319

 2,354,640

Weekly changes

         0

         0

         0

         0

         0

-        2

-        2

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

         0

         0

     6,311

...

...

     6,311

Repurchase agreements6

         1

         0

...

...

...

...

         1

Central bank liquidity swaps7

       120

         0

         0

         0

         0

         0

       120

Reverse repurchase agreements6

   764,869

         0

...

...

...

...

   764,869

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

 2,354,640

Residential mortgage-backed securities

 2,346,485

Commercial mortgage-backed securities

     8,155

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

     5,308

     5,852

    11,159

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

     1,449

-       24

+      119

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

 7,167,169

-    9,088

-1,089,631

Securities held outright1

 6,810,058

-    8,592

-  891,351

U.S. Treasury securities

 4,453,071

-    8,590

-  692,641

Bills2

   195,218

         0

-   77,749

Notes and bonds, nominal2

 3,788,720

-    9,015

-  608,203

Notes and bonds, inflation-indexed2

   351,111

         0

-   17,142

Inflation compensation3

   118,022

+      426

+   10,454

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,354,640

-        2

-  198,710

Unamortized premiums on securities held outright5

   265,119

-      446

-   31,929

Unamortized discounts on securities held outright5

   -24,930

+      112

+    2,663

Repurchase agreements6

         1

-        4

-        1

Loans7

   116,922

-      157

-  169,012

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

    11,159

-      227

-    8,769

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,590

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,713

Items in process of collection

(0)

        52

+        9

-       10

Bank premises

       434

+        3

-       27

Central bank liquidity swaps9

       120

+        6

-      169

Foreign currency denominated assets10

    17,765

-      182

-      702

Other assets11

    38,156

+    3,070

-    3,027

Total assets

(0)

 7,252,542

-    6,432

-1,109,518

Liabilities

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

 2,300,815

+    1,272

+    8,372

Reverse repurchase agreements12

   764,869

-   67,887

-1,605,400

Deposits

(0)

 4,306,371

+   65,469

+  599,069

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,366,167

-   67,865

+  162,204

U.S. Treasury, General Account

   782,158

+  131,946

+  490,052

Foreign official

     9,682

-        1

-        5

Other13

(0)

   148,363

+    1,389

-   53,183

Deferred availability cash items

(0)

       260

-       61

+        2

Treasury contributions to credit facilities14

     4,958

         0

-    8,400

Other liabilities and accrued dividends15

  -168,017

-    5,224

-  104,031

Total liabilities

(0)

 7,209,255

-    6,433

-1,110,390

Capital accounts

Capital paid in

    36,502

         0

+      872

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,287

         0

+      872

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

     1,449

        39

        41

       165

        46

       189

       105

       253

        31

        51

       100

       172

       256

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

 7,167,169

   159,186

 3,806,838

   107,497

   278,330

   713,003

   481,526

   397,928

   104,780

    49,902

    86,160

   318,040

   663,980

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

    11,159

    11,159

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       120

         5

        41

         4

        13

        24

         4

         6

         3

         1

         1

         3

        15

Foreign currency denominated

assets4

    17,765

       741

     6,144

       625

     1,890

     3,505

       582

       872

       400

       111

       193

       427

     2,274

Other assets5

    38,643

     1,084

    17,566

       685

     1,486

     4,074

     3,562

     2,154

       963

       520

       884

     1,869

     3,797

Interdistrict settlement account

         0

-    4,594

+   48,323

+   13,317

+    2,601

-   53,165

-   22,204

-   40,436

-    1,937

-    5,012

-   12,352

-    3,632

+   79,092

Total assets

 7,252,542

   168,183

 3,884,082

   122,811

   285,126

   668,832

   465,844

   361,885

   104,724

    45,844

    75,446

   318,189

   751,576

Liabilities

Federal Reserve notes, net

 2,300,815

    87,154

   740,767

    55,757

   114,813

   162,861

   355,672

   113,457

    73,118

    28,350

    36,273

   201,441

   331,151

Reverse repurchase agreements6

   764,869

    15,909

   411,607

    11,396

    29,826

    76,241

    51,173

    42,211

    10,703

     4,778

     8,410

    33,401

    69,214

Deposits

 4,306,371

    60,609

 2,823,439

    55,794

   143,014

   448,585

    56,872

   215,974

    19,732

    12,503

    30,693

    83,337

   355,818

Depository institutions

 3,366,167

    60,553

 1,981,500

    55,793

   142,979

   448,128

    56,844

   118,522

    19,727

    12,426

    30,662

    83,250

   355,782

U.S. Treasury, General Account

   782,158

         0

   782,158

         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

   148,363

        54

    50,125

         0

        31

       449

        26

    97,450

         4

        77

        31

        86

        31

Earnings remittances due to the U.S. Treasury8

  -176,443

    -3,448

  -109,871

    -1,848

    -7,476

   -28,498

        89

   -12,369

        14

      -195

      -598

    -1,413

   -10,829

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

     8,685

     1,174

     3,272

       202

       377

     1,100

       580

       478

       174

       136

       207

       264

       722

Total liabilities

 7,209,255

   166,356

 3,869,214

   121,301

   280,555

   660,289

   464,385

   359,751

   103,740

    45,572

    74,985

   317,030

   746,076

Capital

Capital paid in

    36,502

     1,544

    12,522

     1,271

     3,849

     7,205

     1,236

     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

 7,252,542

   168,183

 3,884,082

   122,811

   285,126

   668,832

   465,844

   361,885

   104,724

    45,844

    75,446

   318,189

   751,576

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

 2,758,126

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

   457,311

Federal Reserve notes to be collateralized

 2,300,815

Collateral held against Federal Reserve notes

 2,300,815

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,284,578

Other assets pledged

         0

Memo:

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

 6,810,059

Less: Face value of securities under reverse repurchase agreements

   858,994

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

 5,951,065

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.