Q.3894 The following financial information pertains to Daylight Bank:

Assets:	Amount in US$ in millions
Cash and due from depository institutions	546
U.S. Treasury securities	382
Other securities	550
Pledged securities	503
Federal funds sold and reverse repurchase agreements	396
Net loans and leases	2,374
Total Assets	3,431
Liabilities:
Demand deposits	741
Savings deposits	976
Time deposits	1,351
Total deposits	2,686
Core deposits	1,111
Brokers deposits	214
Federal funds purchased and repurchase agreements	488
Other money market borrowings	186

Calculate Daylight Bank’s net federal funds and repurchase agreements position.