FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    March 8, 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 7, 2018 
Federal Reserve Banks                                      Mar 7, 2018 Feb 28, 2018  Mar 8, 2017              

Reserve Bank credit                                         4,354,327   -   11,766   -   66,318    4,355,053  
  Securities held outright (1)                              4,188,725   -   11,989   -   51,384    4,188,784  
    U.S. Treasury securities                                2,424,343   -    6,672   -   39,247    2,424,402  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,293,885   -    8,244   -   46,526    2,293,885  
      Notes and bonds, inflation-indexed (2)                  111,220   +    1,477   +    5,319      111,220  
      Inflation compensation (3)                               19,238   +       95   +    1,960       19,297  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,759,991   -    5,317   -    3,198    1,759,991  
  Unamortized premiums on securities held outright (5)        155,878   -      431   -   14,379      155,799  
  Unamortized discounts on securities held outright (5)       -14,111   -       18   +      924      -14,100  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            13   -       10   +        5           11  
    Primary credit                                                  3   -        5   -        3            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10   -        4   +        8            8  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708   -        2   +        3        1,708  
  Float                                                          -285   +       86   +       47         -485  
  Central bank liquidity swaps (8)                                 65   -        7   -      426           65  
  Other Federal Reserve assets (9)                             22,333   +      602   -    1,110       23,273  
Foreign currency denominated assets (10)                       22,269   +      133   +    2,564       22,334  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,507   +       14   +      805       49,507  
                                                                                                              
Total factors supplying reserve funds                       4,442,345   -   11,619   -   62,948    4,443,136  

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 7, 2018 
Federal Reserve Banks                                      Mar 7, 2018 Feb 28, 2018  Mar 8, 2017              

Currency in circulation (11)                                 1,629,524   +    6,347   +  104,494    1,633,084 
Reverse repurchase agreements (12)                             237,439   -   17,895   -  203,253      233,466 
  Foreign official and international accounts                  222,869   -    9,959   -   21,529      219,171 
  Others                                                        14,570   -    7,936   -  181,724       14,295 
Treasury cash holdings                                             306   +       11   +       47          316 
Deposits with F.R. Banks, other than reserve balances          277,785   -   19,364   +  130,147      269,959 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               195,071   -    7,549   +  106,851      187,515 
  Foreign official                                               5,255   +        1   +       90        5,254 
  Other (13)                                                    77,459   -   11,816   +   23,206       77,190 
Other liabilities and capital (14)                              45,276   +      214   -    2,492       44,959 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,190,329   -   30,688   +   28,941    2,181,784 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,252,016   +   19,069   -   91,890    2,261,352 

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 7, 2018 
                                                           Mar 7, 2018 Feb 28, 2018  Mar 8, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,440,379   +   22,047   +  257,649    3,445,725 
  Marketable U.S. Treasury securities (1)                    3,095,637   +   21,232   +  242,608    3,101,474 
  Federal agency debt and mortgage-backed securities (2)       264,195   +      723   -    2,310      263,595 
  Other securities (3)                                          80,548   +       93   +   17,353       80,657 
Securities lent to dealers                                      26,608   +      123   +    3,484       25,136 
  Overnight facility (4)                                        26,608   +      123   +    3,484       25,136 
    U.S. Treasury securities                                    26,608   +      123   +    3,544       25,136 
    Federal agency debt securities                                   0            0   -       60            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 7, 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                                            3             8             0             0             0           ...            11 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       120,481       298,426     1,081,448       297,887       626,160     2,424,402 
  Weekly changes                                 0    +   28,479    -   28,475    +       22    +       41    +       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     1,723,154     1,759,991 
  Weekly changes                                 0             0             0    +        3    +      575    -      558    +       19 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                65             0             0             0             0             0            65 
                                                                                                                                       
Reverse repurchase agreements (4)          233,466             0           ...           ...           ...           ...       233,466 
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 7, 2018  

Mortgage-backed securities held outright (1)                                                                             1,759,991  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,069  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



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 7, 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 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Feb 28, 2018  Mar 8, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,900   -       19   -       34  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,330,493   -       54   -   64,838  
    Securities held outright (1)                                          4,188,784   +      180   -   51,385  
      U.S. Treasury securities                                            2,424,402   +      160   -   39,248  
        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)                                           19,297   +      160   +    1,960  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,759,991   +       19   -    3,200  
    Unamortized premiums on securities held outright  
    (5)                                                                     155,799   -      245   -   14,372  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,100   +       28   +      925  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        11   -       16   -        4  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        4  
  Items in process of collection                                   (0)           86   -       13   +       20  
  Bank premises                                                               2,194   -       12   -        3  
  Central bank liquidity swaps (8)                                               65   -        7   -      426  
  Foreign currency denominated assets (9)                                    22,334   +      245   +    2,664  
  Other assets (10)                                                          21,080   +    2,557   -    1,129  
                                                                                                               
Total assets                                                       (0)    4,396,097   +    2,696   -   63,743  

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 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Feb 28, 2018  Mar 8, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,585,789   +    5,804   +  103,297 
  Reverse repurchase agreements (11)                                         233,466   -   43,992   -  219,785 
  Deposits                                                          (0)    2,531,312   +   41,317   +   54,855 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,261,353   +   53,045   -   89,778 
    U.S. Treasury, General Account                                           187,515   -   11,875   +  121,352 
    Foreign official                                                           5,254   -        1   +       89 
    Other (12)                                                      (0)       77,190   +      147   +   23,192 
  Deferred availability cash items                                  (0)          571   -      335   -       60 
  Other liabilities and accrued dividends (13)                                 5,782   -      111   -      682 
                                                                                                               
Total liabilities                                                   (0)    4,356,921   +    2,684   -   62,375 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,677   +       13   +    1,133 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,177   +       13   -    1,367 

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 7, 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                                             1,900          57          48          193         130         273         194         305          35          52         114         197         301
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,330,493      84,374   2,438,459      111,811     125,580     253,725     254,908     182,140      57,746      33,765      61,418     173,362     553,203
    Securities held outright (1)               4,188,784      81,613   2,358,670      108,153     121,471     245,423     246,567     176,175      55,856      32,658      59,407     167,690     535,101
      U.S. Treasury securities                 2,424,402      47,236   1,365,161       62,597      70,305     142,047     142,709     101,967      32,329      18,902      34,384      97,056     309,708
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,424,402      47,236   1,365,161       62,597      70,305     142,047     142,709     101,967      32,329      18,902      34,384      97,056     309,708
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,759,991      34,291     991,036       45,442      51,038     103,119     103,600      74,023      23,469      13,722      24,961      70,458     224,832
    Unamortized premiums on securities held 
      outright (5)                               155,799       3,036      87,729        4,023       4,518       9,128       9,171       6,553       2,078       1,215       2,210       6,237      19,903
    Unamortized discounts on securities     
      held outright (5)                          -14,100        -275      -7,940         -364        -409        -826        -830        -593        -188        -110        -200        -564      -1,801
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             11           1           0            0           0           0           0           6           0           3           2           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                      86           1           0            0           0           0          84           0           0           1           0           0           0
  Bank premises                                    2,194         112         444           73         121         197         203         202         109          87         235         220         191
  Central bank liquidity swaps (8)                    65           3          21            3           5          14           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,334         968       7,153        1,201       1,819       4,826       1,303         935         244          94         217         285       3,288
  Other assets (10)                               21,080         442      11,301          537         616       1,428       1,258         885         564         177         360         863       2,650
  Interdistrict settlement account                     0  -      191  -   42,797   +      503  -    2,441  +   16,671  +   13,805  +   41,075  +       24  +    1,936  +    7,087  +    2,690  -   38,360
                                                                                                                                                                                                         
Total assets                                   4,396,097      86,311   2,421,748      114,879     126,621     278,322     273,933     226,706      59,214      36,393      69,877     178,816     523,279

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 7, 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            1,767,795      57,476     602,710      54,017      84,881     120,208     242,744     114,885      52,227      30,828      47,524     139,962     220,332
    Less: Notes held by F.R. Banks               182,006       6,683      48,649       6,814       9,660      14,081      25,837      12,524       5,176       3,607       6,154      17,313      25,508
      Federal Reserve notes, net               1,585,789      50,794     554,060      47,204      75,221     106,127     216,907     102,361      47,051      27,221      41,370     122,649     194,825
  Reverse repurchase agreements (11)             233,466       4,549     131,463       6,028       6,770      13,679      13,743       9,819       3,113       1,820       3,311       9,346      29,824
  Deposits                                     2,531,312      29,107   1,721,438      59,130      41,233     149,439      40,543     112,542       8,313       6,529      24,655      46,067     292,315
    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                           2,261,353      29,075   1,506,962      59,128      41,172     149,196      40,508      57,488       8,306       6,529      24,646      46,037     292,308
    U.S. Treasury, General Account               187,515           0     187,515           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)                                    77,190          30      21,734           0          58         235          33      55,053           7           0           9          30           2
  Deferred availability cash items                   571           0           0           0           0           0          78           0           0         493           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,867          46         990          52          72         134         127          68          27          14          24          76         238
  Other liabilities and accrued             
     dividends                                     3,915         155       1,448         178         184         467         293         265         131         136         131         201         328
                                                                                                                                                                                                        
Total liabilities                              4,356,921      84,649   2,409,398     112,592     123,480     269,845     271,691     225,055      58,635      36,214      69,491     178,339     517,530
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,677       1,342       9,985       1,861       2,535       6,856       1,808       1,332         470         145         312         384       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                  4,396,097      86,311   2,421,748     114,879     126,621     278,322     273,933     226,706      59,214      36,393      69,877     178,816     523,279

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 7, 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 7, 2018  

Federal Reserve notes outstanding                                                            1,767,795  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,006  
    Federal Reserve notes to be collateralized                                               1,585,789  
Collateral held against Federal Reserve notes                                                1,585,789  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,569,552  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,188,784  
  Less: Face value of securities under reverse repurchase agreements                           234,038  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,954,746  

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.