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

 6,804,928

-    2,400

-  844,743

 6,788,498

Securities held outright1

 6,524,308

-    2,371

-  652,516

 6,510,166

U.S. Treasury securities

 4,288,707

-    2,363

-  454,015

 4,274,615

Bills2

   195,343

         0

-   18,533

   195,343

Notes and bonds, nominal2

 3,638,370

+    2,583

-  413,467

 3,653,635

Notes and bonds, inflation-indexed2

   338,336

-    3,241

-   25,712

   318,894

Inflation compensation3

   116,658

-    1,705

+    3,697

   106,743

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,233,254

-        8

-  198,501

 2,233,205

Unamortized premiums on securities held outright5

   248,723

-      442

-   29,012

   248,552

Unamortized discounts on securities held outright5

   -23,544

-       15

+    2,146

   -24,011

Repurchase agreements6

         0

-        1

-        1

         0

Foreign official

         0

         0

         0

         0

Others

         0

-        1

-        1

         0

Loans

     6,937

-    1,255

-  152,794

     5,948

Primary credit

     2,532

+      203

+      362

     2,665

Secondary credit

         0

         0

-       29

         0

Seasonal credit

         1

-        1

+        1

         1

Paycheck Protection Program Liquidity Facility

     1,951

-        6

-    1,419

     1,949

Bank Term Funding Program

     2,454

-    1,451

-  151,707

     1,333

Other credit extensions7

         0

         0

         0

         0

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

     8,181

-       81

-    7,778

     7,649

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-      214

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-       46

         0

Float

      -322

+       55

-       84

      -347

Central bank liquidity swaps9

        98

-    1,022

-      118

        98

Other Federal Reserve assets10

    40,547

+    2,732

-    4,327

    40,443

Foreign currency denominated assets11

    17,366

-       80

-      952

    17,434

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    15,200

         0

+   10,000

    15,200

Treasury currency outstanding12

    53,131

+       14

+      728

    53,131

Total factors supplying reserve funds

 6,901,666

-    2,466

-  834,967

 6,885,303

Currency in circulation12

 2,360,308

-   10,578

+   22,584

 2,356,047

Reverse repurchase agreements13

   550,704

-   61,354

-  399,001

   504,641

Foreign official and international accounts

   383,776

-    2,946

+   35,803

   384,664

Others

   166,927

-   58,409

-  434,806

   119,977

Treasury cash holdings

       317

+        3

-       80

       323

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

   814,285

-   12,974

-  103,836

   829,402

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   641,225

-   11,411

-  107,658

   651,187

Foreign official

     9,688

         0

-        4

     9,688

Other14

   163,373

-    1,562

+    3,826

   168,526

Treasury contributions to credit facilities15

     3,461

         0

-    3,977

     3,461

Other liabilities and capital16

  -168,226

-    3,637

-   79,753

  -167,611

Total factors, other than reserve balances,
absorbing reserve funds

 3,560,849

-   88,540

-  564,064

 3,526,263

Reserve balances with Federal Reserve Banks

 3,340,816

+   86,073

-  270,903

 3,359,041

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

 3,240,225

-    7,727

-  138,864

 3,251,294

Marketable U.S. Treasury securities1

 2,860,209

-    6,875

-   91,795

 2,873,800

Federal agency debt and mortgage-backed securities2

   293,721

-      339

-   49,875

   292,807

Other securities3

    86,295

-      513

+    2,807

    84,687

Securities lent to dealers

    30,162

-    4,234

+    1,081

    28,035

Overnight facility4

    30,162

-    4,234

+    1,081

    28,035

U.S. Treasury securities

    30,162

-    4,234

+    1,081

    28,035

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

     2,203

     1,796

       361

     1,588

         0

...

     5,948

U.S. Treasury securities2

Holdings

    36,997

   241,106

   453,140

 1,456,834

   545,670

 1,540,868

 4,274,615

Weekly changes

-   35,543

+   15,516

+   11,091

-    8,994

-    3,339

+    4,818

-   16,452

Federal agency debt securities3

Holdings

         0

         0

         0

     1,151

     1,196

         0

     2,347

Weekly changes

         0

         0

         0

+      665

-      665

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

        46

     3,945

    31,420

 2,197,794

 2,233,205

Weekly changes

         0

         0

         0

         0

         0

-       58

-       57

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

        45

         0

     4,070

        12

...

...

     4,128

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

        98

         0

         0

         0

         0

         0

        98

Reverse repurchase agreements6

   504,641

         0

...

...

...

...

   504,641

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

 2,233,205

Residential mortgage-backed securities

 2,225,158

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)

     2,953

     3,664

     3,985

     7,649

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

     1,502

+       10

+       40

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

 6,740,656

-   19,289

-  836,535

Securities held outright1

 6,510,166

-   16,510

-  647,915

U.S. Treasury securities

 4,274,615

-   16,452

-  449,410

Bills2

   195,343

         0

-   18,406

Notes and bonds, nominal2

 3,653,635

+   17,830

-  384,737

Notes and bonds, inflation-indexed2

   318,894

-   22,683

-   41,328

Inflation compensation3

   106,743

-   11,599

-    4,938

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,233,205

-       57

-  198,505

Unamortized premiums on securities held outright5

   248,552

-      460

-   29,015

Unamortized discounts on securities held outright5

   -24,011

-      555

+    1,607

Repurchase agreements6

         0

         0

         0

Loans7

     5,948

-    1,765

-  161,213

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

     7,649

-      621

-    7,726

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-      214

Net portfolio holdings of TALF II LLC8

         0

         0

-       46

Items in process of collection

(0)

        52

-       10

+        5

Bank premises

       587

+        7

+      153

Central bank liquidity swaps9

        98

-    1,022

-      118

Foreign currency denominated assets10

    17,434

+       36

-      695

Other assets11

    39,856

+    1,405

-    4,535

Total assets

(0)

 6,834,070

-   19,484

-  839,671

Liabilities

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

 2,304,737

-   10,124

+   19,546

Reverse repurchase agreements12

   504,641

-   66,879

-  431,682

Deposits

(0)

 4,188,443

+   61,521

-  344,405

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,359,041

+   26,605

-  233,286

U.S. Treasury, General Account

   651,187

+   30,656

-  122,357

Foreign official

     9,688

+        1

-        2

Other13

(0)

   168,526

+    4,259

+   11,238

Deferred availability cash items

(0)

       399

-      134

+       79

Treasury contributions to credit facilities14

     3,461

         0

-    3,977

Other liabilities and accrued dividends15

  -211,666

-    3,872

-   80,436

Total liabilities

(0)

 6,790,014

-   19,488

-  840,876

Capital accounts

Capital paid in

    37,271

+        4

+    1,205

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    44,056

+        4

+    1,205

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

     1,502

        54

        48

       167

        46

       202

       116

       249

        36

        58

        97

       195

       234

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

 6,740,656

   140,305

 3,624,844

   100,469

   263,485

   671,365

   450,743

   372,112

    94,525

    42,828

    74,271

   294,634

   611,075

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

     7,649

     7,649

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

        98

         4

        34

         3

        10

        19

         3

         5

         2

         1

         1

         2

        13

Foreign currency denominated

assets4

    17,434

       727

     6,030

       614

     1,855

     3,439

       571

       856

       393

       109

       190

       419

     2,232

Other assets5

    40,495

       933

    19,621

       693

     1,602

     4,313

     3,523

     2,208

       735

       453

       795

     1,866

     3,752

Interdistrict settlement account

         0

+    5,092

-   30,386

+   28,783

-    1,822

-   89,740

+    2,883

-   16,337

+   11,693

+    7,993

-    3,602

+   10,242

+   75,200

Total assets

 6,834,070

   155,659

 3,628,300

   131,527

   266,409

   591,509

   461,570

   360,818

   108,170

    51,881

    72,490

   309,619

   696,119

Liabilities

Federal Reserve notes, net

 2,304,737

    84,018

   749,538

    55,741

   114,961

   165,922

   357,797

   106,601

    77,847

    30,160

    32,866

   199,688

   329,599

Reverse repurchase agreements6

   504,641

    10,496

   271,568

     7,519

    19,678

    50,302

    33,763

    27,850

     7,061

     3,153

     5,549

    22,037

    45,665

Deposits

 4,188,443

    58,842

 2,722,060

    69,912

   136,780

   401,112

    67,721

   239,266

    22,027

    18,492

    34,299

    87,830

   330,103

Depository institutions

 3,359,041

    58,835

 2,002,479

    69,911

   136,748

   400,835

    67,684

   130,049

    22,010

    18,405

    34,267

    87,754

   330,062

U.S. Treasury, General Account

   651,187

         0

   651,187

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,688

         2

     9,662

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   168,526

         5

    58,731

         0

        27

       269

        36

   109,214

        16

        86

        31

        74

        36

Earnings remittances due to the U.S. Treasury8

  -218,552

    -4,411

  -132,264

    -3,350

    -9,837

   -35,101

        59

   -15,721

        -6

      -322

      -877

    -1,411

   -15,312

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

     7,285

     1,396

     2,513

       179

       249

       690

       666

       414

       145

       116

       168

       226

       524

Total liabilities

 6,790,014

   153,802

 3,613,414

   130,001

   261,831

   582,924

   460,006

   358,409

   107,075

    51,599

    72,004

   308,371

   690,579

Capital

Capital paid in

    37,271

     1,574

    12,540

     1,287

     3,857

     7,246

     1,342

     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

 6,834,070

   155,659

 3,628,300

   131,527

   266,409

   591,509

   461,570

   360,818

   108,170

    51,881

    72,490

   309,619

   696,119

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

 2,785,642

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

   480,905

Federal Reserve notes to be collateralized

 2,304,737

Collateral held against Federal Reserve notes

 2,304,737

Gold certificate account

    11,037

Special drawing rights certificate account

    15,200

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

 2,278,500

Other assets pledged

         0

Memo:

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

 6,510,166

Less: Face value of securities under reverse repurchase agreements

   592,555

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

 5,917,611

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.