FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 15, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 14, 2018 
Federal Reserve Banks                                     Mar 14, 2018  Mar 7, 2018 Mar 15, 2017              

Reserve Bank credit                                         4,359,421   +    5,094   -   69,057    4,366,514  
  Securities held outright (1)                              4,191,341   +    2,616   -   53,944    4,197,541  
    U.S. Treasury securities                                2,424,504   +      161   -   39,248    2,424,562  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,293,885            0   -   46,526    2,293,885  
      Notes and bonds, inflation-indexed (2)                  111,220            0   +    5,319      111,220  
      Inflation compensation (3)                               19,399   +      161   +    1,959       19,457  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,762,446   +    2,455   -    5,758    1,768,588  
  Unamortized premiums on securities held outright (5)        155,680   -      198   -   14,458      155,674  
  Unamortized discounts on securities held outright (5)       -14,085   +       26   +      926      -14,080  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            10   -        3   +        3           15  
    Primary credit                                                  2   -        1   -        1            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 9   -        1   +        6           11  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        3        1,708  
  Float                                                          -189   +       96   +      227         -280  
  Central bank liquidity swaps (8)                                 64   -        1   -      853           64  
  Other Federal Reserve assets (9)                             24,892   +    2,559   -      962       25,871  
Foreign currency denominated assets (10)                       22,222   -       47   +    2,458       22,276  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,521   +       14   +      799       49,521  
                                                                                                              
Total factors supplying reserve funds                       4,447,406   +    5,061   -   65,799    4,454,552  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 14, 2018 
Federal Reserve Banks                                     Mar 14, 2018  Mar 7, 2018 Mar 15, 2017              

Currency in circulation (11)                                 1,633,326   +    3,802   +  104,212    1,634,992 
Reverse repurchase agreements (12)                             226,327   -   11,112   -  243,788      237,279 
  Foreign official and international accounts                  222,671   -      198   -   22,124      232,309 
  Others                                                         3,656   -   10,914   -  221,664        4,970 
Treasury cash holdings                                             316   +       10   +       63          316 
Deposits with F.R. Banks, other than reserve balances          336,362   +   58,577   +  231,288      346,122 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               249,929   +   54,858   +  211,350      236,160 
  Foreign official                                               5,254   -        1   +       87        5,254 
  Other (13)                                                    81,178   +    3,719   +   19,850      104,707 
Other liabilities and capital (14)                              46,246   +      970   -    2,187       45,701 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,242,576   +   52,247   +   89,587    2,264,410 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,204,829   -   47,187   -  155,387    2,190,143 

Note: Components may not sum to totals because of rounding.


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.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  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.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
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. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Mar 14, 2018 
                                                          Mar 14, 2018  Mar 7, 2018 Mar 15, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,452,206   +   11,827   +  254,392    3,449,388 
  Marketable U.S. Treasury securities (1)                    3,109,062   +   13,425   +  239,650    3,108,760 
  Federal agency debt and mortgage-backed securities (2)       262,492   -    1,703   -    2,817      260,038 
  Other securities (3)                                          80,652   +      104   +   17,559       80,590 
Securities lent to dealers                                      24,435   -    2,173   +    2,143       23,742 
  Overnight facility (4)                                        24,435   -    2,173   +    2,143       23,742 
    U.S. Treasury securities                                    24,435   -    2,173   +    2,229       23,742 
    Federal agency debt securities                                   0            0   -       86            0 

Note: Components may not sum to totals because of rounding.


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.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 14, 2018      

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                            4            11             0             0             0           ...            15 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       120,481       298,430     1,081,470       297,929       626,253     2,424,562 
  Weekly changes                                 0             0    +        4    +       22    +       42    +       93    +      160 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           173        36,664     1,731,751     1,768,588 
  Weekly changes                                 0             0             0             0             0    +    8,597    +    8,597 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                64             0             0             0             0             0            64 
                                                                                                                                       
Reverse repurchase agreements (4)          237,279             0           ...           ...           ...           ...       237,279 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  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.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  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.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 14, 2018  

Mortgage-backed securities held outright (1)                                                                             1,768,588  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           11,667  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    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. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 14, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Mar 7, 2018 Mar 15, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,877   -       23   -       52  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,339,150   +    8,657   -   64,312  
    Securities held outright (1)                                          4,197,541   +    8,757   -   50,784  
      U.S. Treasury securities                                            2,424,562   +      160   -   39,250  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,293,885            0   -   46,526  
        Notes and bonds, inflation-indexed (2)                              111,220            0   +    5,319  
        Inflation compensation (3)                                           19,457   +      160   +    1,958  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,768,588   +    8,597   -    2,596  
    Unamortized premiums on securities held outright  
    (5)                                                                     155,674   -      125   -   14,452  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,080   +       20   +      924  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        15   +        4            0  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           74   -       12   +       12  
  Bank premises                                                               2,196   +        2   -        1  
  Central bank liquidity swaps (8)                                               64   -        1   -      853  
  Foreign currency denominated assets (9)                                    22,276   -       58   +    2,520  
  Other assets (10)                                                          23,675   +    2,595   +      363  
                                                                                                               
Total assets                                                       (0)    4,407,258   +   11,161   -   62,319  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Mar 7, 2018 Mar 15, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,587,660   +    1,871   +  103,165 
  Reverse repurchase agreements (11)                                         237,279   +    3,813   -  239,733 
  Deposits                                                          (0)    2,536,265   +    4,953   +   75,918 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,190,143   -   71,210   -  177,977 
    U.S. Treasury, General Account                                           236,160   +   48,645   +  212,744 
    Foreign official                                                           5,254            0   +       85 
    Other (12)                                                      (0)      104,707   +   27,517   +   41,065 
  Deferred availability cash items                                  (0)          354   -      217   -       84 
  Other liabilities and accrued dividends (13)                                 6,541   +      759   -      198 
                                                                                                               
Total liabilities                                                   (0)    4,368,098   +   11,177   -   60,932 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,660   -       17   +    1,112 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,160   -       17   -    1,388 

Note: Components may not sum to totals because of rounding.


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.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  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.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. 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.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 14, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,877          55          46          191         129         270         193         303          33          53         113         197         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,339,150      84,542   2,443,332      112,035     125,831     254,235     255,417     182,510      57,861      33,831      61,539     173,709     554,308
    Securities held outright (1)               4,197,541      81,784   2,363,601      108,379     121,725     245,936     247,083     176,543      55,973      32,726      59,531     168,040     536,220
      U.S. Treasury securities                 2,424,562      47,239   1,365,251       62,601      70,310     142,056     142,719     101,974      32,331      18,903      34,386      97,062     309,729
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,424,562      47,239   1,365,251       62,601      70,310     142,056     142,719     101,974      32,331      18,903      34,386      97,062     309,729
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,768,588      34,459     995,877       45,664      51,287     103,623     104,106      74,385      23,584      13,789      25,083      70,802     225,930
    Unamortized premiums on securities held 
      outright (5)                               155,674       3,033      87,659        4,019       4,514       9,121       9,164       6,547       2,076       1,214       2,208       6,232      19,887
    Unamortized discounts on securities     
      held outright (5)                          -14,080        -274      -7,929         -364        -408        -825        -829        -592        -188        -110        -200        -564      -1,799
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             15           0           0            0           0           3           0          11           0           1           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      74           0           0            0           0           0          73           0           0           0           0           0           0
  Bank premises                                    2,196         112         444           74         121         198         203         202         109          87         235         220         191
  Central bank liquidity swaps (8)                    64           3          20            3           5          14           4           3           1           0           1           1           9
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,276         966       7,135        1,198       1,814       4,814       1,299         932         244          94         216         285       3,280
  Other assets (10)                               23,675         493      12,727          604         689       1,607       1,413         992         594         195         400         987       2,975
  Interdistrict settlement account                     0  -    2,865  -   62,155   +    1,107  -    1,307  +   31,284  +    9,579  +   43,807  +      184  +    2,342  +    7,049  +    3,075  -   32,100
                                                                                                                                                                                                         
Total assets                                   4,407,258      83,851   2,408,667      115,770     128,072     293,609     270,356     229,910      59,516      36,884      69,998     179,671     530,954

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 14, 2018 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,769,660      58,395     602,260      53,993      86,156     121,559     242,332     114,786      52,171      30,812      47,486     139,753     219,956
    Less: Notes held by F.R. Banks               182,000       6,596      48,280       6,866       9,754      13,901      26,959      12,314       5,269       3,634       6,023      17,184      25,217
      Federal Reserve notes, net               1,587,660      51,799     553,980      47,127      76,401     107,657     215,373     102,472      46,902      27,178      41,462     122,569     194,739
  Reverse repurchase agreements (11)             237,279       4,623     133,610       6,126       6,881      13,902      13,967       9,980       3,164       1,850       3,365       9,499      30,311
  Deposits                                     2,536,265      25,563   1,705,778      59,986      41,396     162,967      38,265     115,436       8,700       7,238      24,612      46,814     299,509
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,190,143      25,532   1,417,228      59,984      41,329     162,784      38,228      58,235       8,695       7,238      24,605      46,781     299,502
    U.S. Treasury, General Account               236,160           0     236,160           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           0           0           0           1           6
    Other (12)                                   104,707          29      47,163           0          63         174          34      57,200           5           0           7          32           1
  Deferred availability cash items                   354           0           0           0           0           0          70           0           0         283           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,606          32         887          39          49          76         120          59          26          14          23          78         204
  Other liabilities and accrued             
     dividends                                     4,935         172       2,100         204         205         530         319         312         137         142         149         225         442
                                                                                                                                                                                                        
Total liabilities                              4,368,098      82,189   2,396,354     113,482     124,931     285,132     268,115     228,259      58,928      36,705      69,612     179,185     525,205
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,660       1,343       9,948       1,861       2,536       6,857       1,808       1,333         480         145         312         393       4,645
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,407,258      83,851   2,408,667     115,770     128,072     293,609     270,356     229,910      59,516      36,884      69,998     179,671     530,954

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 14, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 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.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  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.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. 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.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Mar 14, 2018  

Federal Reserve notes outstanding                                                            1,769,660  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,000  
    Federal Reserve notes to be collateralized                                               1,587,660  
Collateral held against Federal Reserve notes                                                1,587,660  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,571,423  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,197,541  
  Less: Face value of securities under reverse repurchase agreements                           237,056  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,960,485  

Note: Components may not sum to totals because of rounding.


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.