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

 6,729,076

-   30,609

-  810,591

 6,719,230

Securities held outright1

 6,465,000

-   16,749

-  608,165

 6,456,994

U.S. Treasury securities

 4,251,324

-   10,464

-  409,982

 4,251,338

Bills2

   195,343

         0

-   15,010

   195,343

Notes and bonds, nominal2

 3,629,227

-   10,499

-  350,663

 3,629,227

Notes and bonds, inflation-indexed2

   320,005

         0

-   40,217

   320,005

Inflation compensation3

   106,750

+       35

-    4,091

   106,764

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,211,329

-    6,284

-  198,183

 2,203,309

Unamortized premiums on securities held outright5

   245,522

-      595

-   28,400

   245,203

Unamortized discounts on securities held outright5

   -24,353

-      174

+    1,427

   -24,276

Repurchase agreements6

        16

+       16

-        1

        97

Foreign official

         1

+        1

+        1

         0

Others

        14

+       14

-        3

        97

Loans

     4,985

-      202

-  164,218

     5,341

Primary credit

     2,850

-      236

+      649

     3,342

Secondary credit

        79

+       79

+       79

         0

Seasonal credit

         3

-        1

+        3

         1

Paycheck Protection Program Liquidity Facility

     1,898

-        9

-    1,308

     1,892

Bank Term Funding Program

       157

-       33

-  163,639

       106

Other credit extensions7

         0

         0

         0

         0

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

     7,325

-       54

-    7,487

     7,331

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC8

         0

         0

         0

         0

Float

      -409

-       98

-       70

      -968

Central bank liquidity swaps9

        96

+        6

-      121

        96

Other Federal Reserve assets10

    30,894

-   12,759

-    3,555

    29,411

Foreign currency denominated assets11

    17,966

+      129

-       86

    18,023

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    15,200

         0

+   10,000

    15,200

Treasury currency outstanding12

    53,215

+       14

+      728

    53,215

Total factors supplying reserve funds

 6,826,498

-   30,467

-  799,948

 6,816,709

Currency in circulation12

 2,354,196

+    1,333

+   23,837

 2,356,013

Reverse repurchase agreements13

   458,194

+   17,224

-  407,699

   511,784

Foreign official and international accounts

   376,904

+      779

+   43,597

   385,726

Others

    81,290

+   16,445

-  451,296

   126,058

Treasury cash holdings

       375

+       11

-       93

       383

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

   856,197

-  102,509

-  101,770

   736,843

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   681,161

-  108,901

-  104,660

   568,550

Foreign official

     9,685

+        1

-        4

     9,685

Other14

   165,351

+    6,391

+    2,894

   158,607

Treasury contributions to credit facilities15

     3,461

         0

-    3,977

     3,461

Other liabilities and capital16

  -173,173

-    3,692

-   69,941

  -172,530

Total factors, other than reserve balances,
absorbing reserve funds

 3,499,249

-   87,634

-  559,645

 3,435,954

Reserve balances with Federal Reserve Banks

 3,327,249

+   57,167

-  240,303

 3,380,755

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

 3,289,534

-   12,339

-   63,991

 3,294,527

Marketable U.S. Treasury securities1

 2,921,375

-    7,894

-   15,802

 2,926,670

Federal agency debt and mortgage-backed securities2

   281,514

-    4,997

-   52,690

   281,187

Other securities3

    86,645

+      552

+    4,500

    86,670

Securities lent to dealers

    24,124

-       50

-    9,299

    25,585

Overnight facility4

    24,124

-       50

-    9,299

    25,585

U.S. Treasury securities

    24,124

-       50

-    9,299

    25,585

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

     1,428

     2,038

       387

     1,488

         0

...

     5,341

U.S. Treasury securities2

Holdings

    49,773

   228,750

   432,720

 1,460,319

   531,262

 1,548,514

 4,251,338

Weekly changes

-   12,330

+   11,428

+      907

+       16

+        5

+       62

+       87

Federal agency debt securities3

Holdings

         0

         0

         0

     1,151

     1,196

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

        71

     3,936

    34,573

 2,164,729

 2,203,309

Weekly changes

         0

         0

         0

-       34

-      891

-   13,338

-   14,263

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

        45

         0

     3,992

        12

...

...

     4,050

Repurchase agreements6

        97

         0

...

...

...

...

        97

Central bank liquidity swaps7

        96

         0

         0

         0

         0

         0

        96

Reverse repurchase agreements6

   511,784

         0

...

...

...

...

   511,784

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

 2,203,309

Residential mortgage-backed securities

 2,195,291

Commercial mortgage-backed securities

     8,017

Commitments to buy mortgage-backed securities2

        78

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)

     2,869

     3,316

     4,015

     7,331

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 December 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

    15,200

         0

+   10,000

Coin

     1,585

+        2

+       59

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

 6,683,360

-   14,881

-  800,155

Securities held outright1

 6,456,994

-   14,175

-  609,845

U.S. Treasury securities

 4,251,338

+       87

-  409,919

Bills2

   195,343

         0

-   15,010

Notes and bonds, nominal2

 3,629,227

+       50

-  350,656

Notes and bonds, inflation-indexed2

   320,005

         0

-   40,217

Inflation compensation3

   106,764

+       38

-    4,035

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,203,309

-   14,263

-  199,926

Unamortized premiums on securities held outright5

   245,203

-      777

-   28,385

Unamortized discounts on securities held outright5

   -24,276

-       38

+    1,413

Repurchase agreements6

        97

+       97

+       93

Loans7

     5,341

+       11

-  163,432

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

     7,331

+        7

-    7,495

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

         0

Net portfolio holdings of TALF II LLC8

         0

         0

         0

Items in process of collection

(0)

        52

-       19

-        9

Bank premises

       593

-        4

+      116

Central bank liquidity swaps9

        96

+        5

-      121

Foreign currency denominated assets10

    18,023

+      232

-       31

Other assets11

    28,823

-    1,576

-    4,072

Total assets

(0)

 6,766,101

-   16,231

-  801,706

Liabilities

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

 2,304,762

+    1,994

+   22,401

Reverse repurchase agreements12

   511,784

+   50,755

-  397,017

Deposits

(0)

 4,117,604

-   65,867

-  353,479

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,380,761

+  104,620

-  160,221

U.S. Treasury, General Account

   568,550

-  170,388

-  199,122

Foreign official

     9,685

+        1

-        4

Other13

(0)

   158,607

-      101

+    5,866

Deferred availability cash items

(0)

     1,020

+      474

+      128

Treasury contributions to credit facilities14

     3,461

         0

-    3,977

Other liabilities and accrued dividends15

  -216,730

-    3,588

-   70,822

Total liabilities

(0)

 6,721,902

-   16,231

-  802,765

Capital accounts

Capital paid in

    37,414

-        1

+    1,059

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    44,199

-        1

+    1,059

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

     1,585

        61

        58

       172

        51

       208

       127

       255

        39

        60

       103

       198

       254

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

 6,683,360

   138,973

 3,594,405

    99,587

   261,264

   665,683

   446,934

   368,755

    93,578

    42,382

    73,443

   292,244

   606,115

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

     7,331

     7,331

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

        96

         4

        33

         3

        10

        19

         3

         5

         2

         1

         1

         2

        12

Foreign currency denominated

assets4

    18,023

       752

     6,233

       635

     1,917

     3,555

       591

       885

       406

       113

       196

       433

     2,307

Other assets5

    29,468

       680

    13,338

       524

     1,135

     3,130

     3,266

     1,558

       786

       380

       636

     1,342

     2,693

Interdistrict settlement account

         0

+   28,223

-   63,712

+   40,990

-   11,158

-   95,519

+    7,056

-   13,745

+   12,980

+   10,773

+    3,750

+   16,735

+   63,628

Total assets

 6,766,101

   176,918

 3,558,464

   142,707

   254,451

   578,987

   461,708

   359,438

   108,577

    54,147

    78,866

   313,215

   678,622

Liabilities

Federal Reserve notes, net

 2,304,762

    83,244

   750,900

    57,218

   113,029

   165,846

   355,573

   106,894

    77,148

    29,585

    34,905

   198,716

   331,704

Reverse repurchase agreements6

   511,784

    10,645

   275,412

     7,625

    19,957

    51,014

    34,240

    28,244

     7,161

     3,197

     5,627

    22,349

    46,312

Deposits

 4,117,604

    81,103

 2,650,114

    79,697

   126,546

   388,503

    68,888

   237,721

    22,966

    21,310

    38,541

    91,974

   310,242

Depository institutions

 3,380,761

    81,095

 2,014,049

    79,695

   126,511

   388,077

    68,859

   137,744

    22,954

    21,181

    38,508

    91,889

   310,198

U.S. Treasury, General Account

   568,550

         0

   568,550

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,685

         2

     9,659

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   158,607

         6

    57,855

         0

        30

       419

        27

    99,976

        11

       128

        33

        84

        39

Earnings remittances due to the U.S. Treasury8

  -223,988

    -4,611

  -135,402

    -3,560

    -9,983

   -35,862

        80

   -16,297

        13

      -365

      -935

    -1,354

   -15,713

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

     8,279

     1,213

     2,593

       206

       266

       915

     1,361

       436

       175

       137

       190

       248

       539

Total liabilities

 6,721,902

   175,055

 3,543,617

   141,186

   249,814

   570,417

   460,142

   357,000

   107,463

    53,863

    78,328

   311,934

   673,083

Capital

Capital paid in

    37,414

     1,576

    12,559

     1,287

     3,933

     7,249

     1,336

     2,060

       942

       240

       463

     1,084

     4,686

Surplus

     6,785

       287

     2,288

       235

       704

     1,322

       230

       379

       172

        44

        75

       198

       852

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

 6,766,101

   176,918

 3,558,464

   142,707

   254,451

   578,987

   461,708

   359,438

   108,577

    54,147

    78,866

   313,215

   678,622

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

 2,792,334

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

   487,572

Federal Reserve notes to be collateralized

 2,304,762

Collateral held against Federal Reserve notes

 2,304,762

Gold certificate account

    11,037

Special drawing rights certificate account

    15,200

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

 2,278,525

Other assets pledged

         0

Memo:

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

 6,457,091

Less: Face value of securities under reverse repurchase agreements

   582,732

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

 5,874,359

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.