FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 26, 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  Jul 25, 2018 
Federal Reserve Banks                                     Jul 25, 2018 Jul 18, 2018 Jul 26, 2017              

Reserve Bank credit                                         4,249,257   -    7,010   -  186,127    4,238,181  
  Securities held outright (1)                              4,081,384   -    6,674   -  169,342    4,071,830  
    U.S. Treasury securities                                2,359,846   -      368   -  105,315    2,359,893  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,224,429   +      153   -  114,458    2,224,429  
      Notes and bonds, inflation-indexed (2)                  113,886   -      557   +    6,235      113,886  
      Inflation compensation (3)                               21,531   +       35   +    2,909       21,578  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,719,129   -    6,306   -   58,339    1,709,528  
  Unamortized premiums on securities held outright (5)        148,640   -      524   -   16,739      148,257  
  Unamortized discounts on securities held outright (5)       -13,861   +       29   +      787      -13,849  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           235   -       23   +       62          236  
    Primary credit                                                  9   -       45   +        5            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               226   +       23   +       57          234  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711            0   +        1        1,715  
  Float                                                          -168   +       15   +       79         -162  
  Central bank liquidity swaps (8)                                122   +       31   +       37          122  
  Other Federal Reserve assets (9)                             31,194   +      135   -    1,012       30,031  
Foreign currency denominated assets (10)                       21,094   +       72   -        3       21,136  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,713   +       14   +      679       49,713  
                                                                                                              
Total factors supplying reserve funds                       4,336,305   -    6,923   -  185,451    4,325,270  

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  Jul 25, 2018 
Federal Reserve Banks                                     Jul 25, 2018 Jul 18, 2018 Jul 26, 2017              

Currency in circulation (11)                                 1,666,958   -    1,741   +  106,405    1,668,294 
Reverse repurchase agreements (12)                             248,297   -    1,442   -  106,702      250,340 
  Foreign official and international accounts                  246,152   -    1,705   +      837      249,620 
  Others                                                         2,145   +      262   -  107,539          720 
Treasury cash holdings                                             201   +        5   +       39          206 
Deposits with F.R. Banks, other than reserve balances          429,339   +   16,988   +  151,513      415,263 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               348,886   +   24,429   +  157,482      338,978 
  Foreign official                                               5,256   -        2   +       81        5,256 
  Other (13)                                                    75,198   -    7,437   -    6,049       71,029 
Other liabilities and capital (14)                              44,391   -      734   -    3,259       43,880 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,389,186   +   13,077   +  147,995    2,377,983 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,947,119   -   20,000   -  333,446    1,947,287 

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  Jul 25, 2018 
                                                          Jul 25, 2018 Jul 18, 2018 Jul 26, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,411,825   +    4,125   +   86,529    3,406,635 
  Marketable U.S. Treasury securities (1)                    3,041,154   -    1,248   +   39,010    3,036,078 
  Federal agency debt and mortgage-backed securities (2)       297,702   +    5,601   +   35,912      297,488 
  Other securities (3)                                          72,969   -      228   +   11,607       73,069 
Securities lent to dealers                                      19,504   +    2,035   -      505       18,325 
  Overnight facility (4)                                        19,504   +    2,035   -      505       18,325 
    U.S. Treasury securities                                    19,504   +    2,035   -      505       18,325 
    Federal agency debt securities                                   0            0            0            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, July 25, 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                                          198            38             0             0             0           ...           236 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  30,302        63,008       310,069     1,040,552       296,199       619,762     2,359,893 
  Weekly changes                                 0             0    +        2    +       18    +       45    +       61    +      127 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           146        41,027     1,668,355     1,709,528 
  Weekly changes                                 0             0             0    -        5    -      742    -   12,016    -   12,763 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               122             0             0             0             0             0           122 
                                                                                                                                       
Reverse repurchase agreements (4)          250,340             0           ...           ...           ...           ...       250,340 
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   
                                                                                                                      Jul 25, 2018  

Mortgage-backed securities held outright (1)                                                                             1,709,528  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,878  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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   
                                                                                                                      Jul 25, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
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       Jul 25, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 18, 2018 Jul 26, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,763   +        5   -       70  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,206,475   -   13,303   -  186,376  
    Securities held outright (1)                                          4,071,830   -   12,636   -  170,435  
      U.S. Treasury securities                                            2,359,893   +      127   -  105,277  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,224,429            0   -  114,458  
        Notes and bonds, inflation-indexed (2)                              113,886            0   +    6,235  
        Inflation compensation (3)                                           21,578   +      127   +    2,947  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,709,528   -   12,763   -   59,471  
    Unamortized premiums on securities held outright  
    (5)                                                                     148,257   -      710   -   16,767  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,849   +       30   +      787  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       236   +       12   +       39  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715   +        4   +        5  
  Items in process of collection                                   (0)          202   -        5   +      146  
  Bank premises                                                               2,186   +        1   -       12  
  Central bank liquidity swaps (8)                                              122   +       31   +       37  
  Foreign currency denominated assets (9)                                    21,136   +      169   +      105  
  Other assets (10)                                                          27,845   -      837   -    1,438  
                                                                                                               
Total assets                                                       (0)    4,277,681   -   13,934   -  187,603  

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       Jul 25, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 18, 2018 Jul 26, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,620,547   -      117   +  105,596 
  Reverse repurchase agreements (11)                                         250,340   -   14,119   -   93,456 
  Deposits                                                          (0)    2,362,550   +    1,083   -  197,018 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,947,288   -    2,658   -  346,328 
    U.S. Treasury, General Account                                           338,978   +    3,177   +  155,444 
    Foreign official                                                           5,256   -        1   +       66 
    Other (12)                                                      (0)       71,029   +      566   -    6,200 
  Deferred availability cash items                                  (0)          364   -       25   -       88 
  Other liabilities and accrued dividends (13)                                 4,975   -      757   -      694 
                                                                                                               
Total liabilities                                                   (0)    4,238,776   -   13,935   -  185,660 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,080            0   +    1,232 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,905            0   -    1,943 

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, July 25, 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         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,763          37          39          165         115         251         194         288          31          46         105         200         292
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,206,475      80,336   2,322,170      106,199     119,248     248,909     252,507     225,295      56,100      35,188      66,220     173,928     520,376
    Securities held outright (1)               4,071,830      77,768   2,247,966      102,805     115,438     240,955     244,419     218,078      54,210      33,979      64,100     168,369     503,743
      U.S. Treasury securities                 2,359,893      45,071   1,302,844       59,582      66,904     139,649     141,657     126,391      31,418      19,693      37,150      97,581     291,952
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,359,893      45,071   1,302,844       59,582      66,904     139,649     141,657     126,391      31,418      19,693      37,150      97,581     291,952
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,709,528      32,650     943,792       43,162      48,466     101,163     102,617      91,559      22,759      14,266      26,912      70,689     211,493
    Unamortized premiums on securities held 
      outright (5)                               148,257       2,832      81,849        3,743       4,203       8,773       8,899       7,940       1,974       1,237       2,334       6,130      18,341
    Unamortized discounts on securities     
      held outright (5)                          -13,849        -264      -7,645         -350        -393        -820        -831        -742        -184        -116        -218        -573      -1,713
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            236           2           0            0           0           0          20          17         101          87           4           1           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     202           0           0            0           0           0         201           0           0           0           0           0           0
  Bank premises                                    2,186         109         442           75         118         197         203         198         107          95         233         219         189
  Central bank liquidity swaps (8)                   122           5          38            7          10          26           7           5           2           1           1           2          18
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,136         899       6,664        1,200       1,706       4,566       1,221         896         305          97         209         262       3,111
  Other assets (10)                               27,845         567      14,884          700         802       1,860       1,670       1,467         451         282         508       1,239       3,416
  Interdistrict settlement account                     0  +      873  +   66,225   -    6,924  +    1,066  +      382  +   26,816  -    9,740  -    1,215  -    1,175  -    6,730  +      603  -   70,183
                                                                                                                                                                                                         
Total assets                                   4,277,681      83,388   2,417,621      101,983     123,847     257,375     284,965     219,572      56,265      34,823      61,007     177,639     459,198

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, July 25, 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            1,797,814      58,857     605,161      53,743      87,354     124,900     260,083     113,088      52,474      30,315      46,904     147,226     217,707
    Less: Notes held by F.R. Banks               177,267       6,068      45,101       6,664       9,230      14,130      27,202      12,237       5,289       2,953       5,422      16,577      26,394
      Federal Reserve notes, net               1,620,547      52,789     560,060      47,079      78,124     110,770     232,881     100,851      47,185      27,362      41,482     130,650     191,313
  Reverse repurchase agreements (11)             250,340       4,781     138,207       6,321       7,097      14,814      15,027      13,408       3,333       2,089       3,941      10,352      30,971
  Deposits                                     2,362,550      23,994   1,705,124      46,115      35,287     122,883      34,233     103,353       5,005       4,871      15,051      35,898     230,735
    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                           1,947,288      23,966   1,339,777      46,055      35,193     122,320      34,001      54,643       5,001       4,816      15,033      35,756     230,727
    U.S. Treasury, General Account               338,978           0     338,978           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    71,029          26      21,140          58          91         554         230      48,709           4          55          17         142           2
  Deferred availability cash items                   364           0           0           0           0           0         193           0           0         171           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,105          28         504          31          47          83          96          58          21          12          21          57         147
  Other liabilities and accrued             
     dividends                                     3,870         162       1,364         182         187         465         302         277         129         142         136         203         323
                                                                                                                                                                                                        
Total liabilities                              4,238,776      81,754   2,405,260      99,727     120,743     249,015     282,732     217,946      55,674      34,646      60,631     177,159     453,488
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,080       1,343      10,210       1,868       2,553       6,885       1,838       1,336         492         146         308         395       4,706
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,277,681      83,388   2,417,621     101,983     123,847     257,375     284,965     219,572      56,265      34,823      61,007     177,639     459,198

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, July 25, 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 $6.825 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   
                                                                                          Jul 25, 2018  

Federal Reserve notes outstanding                                                            1,797,814  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,267  
    Federal Reserve notes to be collateralized                                               1,620,547  
Collateral held against Federal Reserve notes                                                1,620,547  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,604,310  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,071,830  
  Less: Face value of securities under reverse repurchase agreements                           249,522  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,822,308  

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.