Repurchase agreements are listed as both assets and liabilities in Table $121.$ How can an account be both an asset and a liability? $($LG $12-1,$ LG $12-2)$TABLE $12-1$ Balance Sheet for Two Commercial Banks $($in millions of dollars$)$

Source: Values are taken from the $2019$ FDIC report of condition data tapes and are available at the

Federal Deposit Insurance Corporation website.

www$.$fdic.gov