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

 7,055,915

-   15,497

-  923,730

 7,038,108

Securities held outright1

 6,680,959

-    8,051

-  768,609

 6,668,555

U.S. Treasury securities

 4,384,084

-    2,811

-  574,962

 4,384,130

Bills2

   195,293

         0

-   49,830

   195,293

Notes and bonds, nominal2

 3,727,342

-    2,935

-  510,556

 3,727,342

Notes and bonds, inflation-indexed2

   344,044

         0

-   21,336

   344,044

Inflation compensation3

   117,406

+      125

+    6,762

   117,452

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,294,528

-    5,241

-  193,647

 2,282,078

Unamortized premiums on securities held outright5

   257,454

-      618

-   30,200

   257,018

Unamortized discounts on securities held outright5

   -24,147

+      227

+    2,518

   -24,054

Repurchase agreements6

        19

+       10

+       18

        61

Foreign official

         0

-        4

         0

         0

Others

        19

+       15

+       18

        61

Loans

    92,512

-    8,142

-  108,091

    89,727

Primary credit

     1,386

-       50

-    1,864

     1,365

Secondary credit

         0

         0

         0

         0

Seasonal credit

        98

-        9

+        7

        89

Paycheck Protection Program Liquidity Facility

     2,351

-       68

-    2,874

     2,333

Bank Term Funding Program

    88,676

-    8,015

-   18,936

    85,941

Other credit extensions7

         0

         0

-   84,426

         0

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

    10,387

-      160

-    8,943

    10,396

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,627

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,219

         0

Float

      -264

+       14

-       41

      -296

Central bank liquidity swaps9

       153

-        4

-       85

       153

Other Federal Reserve assets10

    38,842

+    1,227

-    3,453

    36,548

Foreign currency denominated assets11

    18,888

-       47

+      999

    18,853

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    10,200

         0

+    5,000

    10,200

Treasury currency outstanding12

    53,073

+       14

+      728

    53,073

Total factors supplying reserve funds

 7,149,117

-   15,530

-  917,003

 7,131,275

Currency in circulation12

 2,349,934

-      990

+   26,525

 2,350,597

Reverse repurchase agreements13

   789,056

+   87,616

-  957,120

   833,314

Foreign official and international accounts

   429,732

+    6,988

+  120,021

   417,121

Others

   359,324

+   80,628

-1,077,141

   416,193

Treasury cash holdings

       325

-       13

-       11

       315

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

   984,690

+   47,253

+  117,860

   949,129

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   806,771

+   35,577

+  125,628

   778,910

Foreign official

     9,681

         0

-        6

     9,681

Other14

   168,237

+   11,675

-    7,763

   160,538

Treasury contributions to credit facilities15

     4,958

         0

-    8,400

     4,958

Other liabilities and capital16

  -148,997

-    5,266

-   94,683

  -148,604

Total factors, other than reserve balances,
absorbing reserve funds

 3,979,967

+  128,601

-  915,829

 3,989,709

Reserve balances with Federal Reserve Banks

 3,169,149

-  144,132

-    1,175

 3,141,565

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

 3,316,936

+    1,835

-  119,415

 3,315,956

Marketable U.S. Treasury securities1

 2,940,102

+    2,915

-   63,545

 2,939,061

Federal agency debt and mortgage-backed securities2

   297,463

-    1,098

-   52,363

   297,510

Other securities3

    79,370

+       17

-    3,507

    79,384

Securities lent to dealers

    32,032

-    2,389

-    8,661

    34,584

Overnight facility4

    32,032

-    2,389

-    8,661

    34,584

U.S. Treasury securities

    32,032

-    2,389

-    8,661

    34,584

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

       801

     4,185

    82,823

     1,918

         0

...

    89,727

U.S. Treasury securities2

Holdings

    48,479

   205,862

   528,403

 1,483,485

   590,665

 1,527,237

 4,384,130

Weekly changes

+    7,906

-    7,842

-       47

+       57

+       16

+       37

+      125

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

        16

     6,077

    24,262

 2,251,722

 2,282,078

Weekly changes

         0

-        1

-        5

-      138

-      561

-   16,949

-   17,652

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

         0

         0

         0

     5,419

...

...

     5,419

Repurchase agreements6

        61

         0

...

...

...

...

        61

Central bank liquidity swaps7

       153

         0

         0

         0

         0

         0

       153

Reverse repurchase agreements6

   833,314

         0

...

...

...

...

   833,314

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

 2,282,078

Residential mortgage-backed securities

 2,273,971

Commercial mortgage-backed securities

     8,107

Commitments to buy mortgage-backed securities2

        75

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)

     4,324

     4,691

     5,705

    10,396

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

     1,521

+        5

+       53

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

 6,991,308

-   27,070

-  907,657

Securities held outright1

 6,668,555

-   17,527

-  771,656

U.S. Treasury securities

 4,384,130

+      125

-  574,008

Bills2

   195,293

         0

-   48,844

Notes and bonds, nominal2

 3,727,342

         0

-  510,556

Notes and bonds, inflation-indexed2

   344,044

         0

-   21,336

Inflation compensation3

   117,452

+      125

+    6,730

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,282,078

-   17,652

-  197,648

Unamortized premiums on securities held outright5

   257,018

-      880

-   30,234

Unamortized discounts on securities held outright5

   -24,054

+      233

+    2,506

Repurchase agreements6

        61

+       61

+       59

Loans7

    89,727

-    8,958

-  108,333

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

    10,396

+       11

-    8,956

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,629

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,220

Items in process of collection

(0)

        44

-        3

-       14

Bank premises

       434

+        8

-        8

Central bank liquidity swaps9

       153

-        4

-       85

Foreign currency denominated assets10

    18,853

-       78

+    1,122

Other assets11

    36,114

-    1,946

-    4,611

Total assets

(0)

 7,080,059

-   29,078

-  922,005

Liabilities

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

 2,299,356

-        9

+   25,950

Reverse repurchase agreements12

   833,314

+  109,709

-  921,795

Deposits

(0)

 4,090,695

-  133,138

+   76,709

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,141,565

-   75,257

-   26,937

U.S. Treasury, General Account

   778,910

-   60,488

+  106,768

Foreign official

     9,681

-        1

-        6

Other13

(0)

   160,538

+    2,607

-    3,117

Deferred availability cash items

(0)

       341

-       54

-      146

Treasury contributions to credit facilities14

     4,958

         0

-    8,400

Other liabilities and accrued dividends15

  -192,027

-    5,578

-   95,014

Total liabilities

(0)

 7,036,636

-   29,071

-  922,698

Capital accounts

Capital paid in

    36,638

-        7

+      693

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,423

-        7

+      693

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

     1,521

        56

        50

       169

        45

       202

       109

       255

        35

        56

       101

       185

       257

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

 6,991,308

   153,418

 3,721,742

   104,626

   272,275

   696,900

   468,600

   387,369

   102,325

    47,346

    83,278

   309,358

   644,071

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

    10,396

    10,396

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       153

         6

        53

         5

        16

        30

         5

         7

         3

         1

         2

         4

        20

Foreign currency denominated

assets4

    18,853

       787

     6,520

       664

     2,006

     3,719

       618

       925

       425

       118

       205

       453

     2,414

Other assets5

    36,592

     1,113

    16,297

       651

     1,414

     3,904

     3,356

     2,044

       799

       532

       932

     1,825

     3,725

Interdistrict settlement account

         0

+    8,432

-   54,918

+   48,858

+   19,580

-   72,033

+       58

-   23,721

+    8,319

+    2,906

-   12,415

+   15,154

+   59,777

Total assets

 7,080,059

   174,937

 3,696,363

   155,631

   296,333

   634,280

   475,744

   368,298

   112,542

    51,314

    72,702

   328,766

   713,150

Liabilities

Federal Reserve notes, net

 2,299,356

    85,703

   746,405

    55,327

   114,817

   164,799

   357,734

   107,114

    77,476

    30,216

    30,104

   201,776

   327,885

Reverse repurchase agreements6

   833,314

    17,333

   448,440

    12,415

    32,495

    83,064

    55,752

    45,989

    11,661

     5,206

     9,163

    36,390

    75,407

Deposits

 4,090,695

    67,595

 2,607,087

    88,631

   152,807

   408,890

    60,063

   226,652

    22,248

    15,703

    33,477

    90,583

   316,958

Depository institutions

 3,141,565

    67,537

 1,766,137

    88,630

   152,773

   408,521

    60,035

   119,439

    22,231

    15,515

    33,447

    90,379

   316,920

U.S. Treasury, General Account

   778,910

         0

   778,910

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,681

         2

     9,655

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   160,538

        56

    52,385

         0

        30

       362

        26

   107,211

        16

       188

        29

       202

        33

Earnings remittances due to the U.S. Treasury8

  -199,792

    -3,795

  -123,196

    -2,493

    -8,688

   -32,012

        33

   -14,046

        -6

      -223

      -705

    -1,423

   -13,238

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

     8,106

     1,308

     2,749

       226

       327

       980

       696

       444

       173

       136

       198

       253

       615

Total liabilities

 7,036,636

   173,102

 3,681,486

   154,106

   291,759

   625,720

   474,277

   366,154

   111,552

    51,038

    72,236

   327,578

   707,627

Capital

Capital paid in

    36,638

     1,552

    12,531

     1,286

     3,852

     7,221

     1,244

     1,810

       837

       233

       392

     1,025

     4,655

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

 7,080,059

   174,937

 3,696,363

   155,631

   296,333

   634,280

   475,744

   368,298

   112,542

    51,314

    72,702

   328,766

   713,150

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

 2,778,595

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

   479,239

Federal Reserve notes to be collateralized

 2,299,356

Collateral held against Federal Reserve notes

 2,299,356

Gold certificate account

    11,037

Special drawing rights certificate account

    10,200

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

 2,278,119

Other assets pledged

         0

Memo:

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

 6,668,616

Less: Face value of securities under reverse repurchase agreements

   913,836

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

 5,754,780

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.