FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   August 2, 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   Aug 1, 2018 
Federal Reserve Banks                                      Aug 1, 2018 Jul 25, 2018  Aug 2, 2017              

Reserve Bank credit                                         4,232,451   -   16,806   -  193,769    4,215,960  
  Securities held outright (1)                              4,065,313   -   16,071   -  176,988    4,048,829  
    U.S. Treasury securities                                2,353,362   -    6,484   -  111,823    2,336,876  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,217,617   -    6,812   -  120,703    2,200,589  
      Notes and bonds, inflation-indexed (2)                  114,088   +      202   +    5,870      114,592  
      Inflation compensation (3)                               21,657   +      126   +    3,010       21,695  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,709,542   -    9,587   -   59,476    1,709,544  
  Unamortized premiums on securities held outright (5)        148,097   -      543   -   16,751      148,003  
  Unamortized discounts on securities held outright (5)       -13,834   +       27   +      790      -13,833  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           232   -        3   +       36          228  
    Primary credit                                                  8   -        1            0            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               224   -        2   +       36          225  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,716   +        5   +        6        1,716  
  Float                                                          -447   -      279   +      406         -418  
  Central bank liquidity swaps (8)                                100   -       22   +       65          100  
  Other Federal Reserve assets (9)                             31,274   +       80   -    1,335       31,334  
Foreign currency denominated assets (10)                       21,119   +       25   -      177       21,069  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,727   +       14   +      677       49,727  
                                                                                                              
Total factors supplying reserve funds                       4,319,538   -   16,767   -  193,269    4,302,997  

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   Aug 1, 2018 
Federal Reserve Banks                                      Aug 1, 2018 Jul 25, 2018  Aug 2, 2017              

Currency in circulation (11)                                 1,667,828   +      870   +  105,043    1,669,707 
Reverse repurchase agreements (12)                             239,976   -    8,321   -  126,352      235,759 
  Foreign official and international accounts                  237,430   -    8,722   -    8,456      234,964 
  Others                                                         2,545   +      400   -  117,898          795 
Treasury cash holdings                                             207   +        6   +       43          215 
Deposits with F.R. Banks, other than reserve balances          428,907   -      432   +  164,663      386,217 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               351,523   +    2,637   +  171,175      310,204 
  Foreign official                                               5,257   +        1   +       13        5,257 
  Other (13)                                                    72,127   -    3,071   -    6,526       70,756 
Other liabilities and capital (14)                              45,072   +      681   -    2,899       44,667 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,381,990   -    7,196   +  140,497    2,336,565 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,937,548   -    9,571   -  333,767    1,966,432 

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   Aug 1, 2018 
                                                           Aug 1, 2018 Jul 25, 2018  Aug 2, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,434,209   +   22,384   +  100,918    3,434,330 
  Marketable U.S. Treasury securities (1)                    3,062,078   +   20,924   +   52,584    3,060,133 
  Federal agency debt and mortgage-backed securities (2)       298,764   +    1,062   +   36,465      300,423 
  Other securities (3)                                          73,367   +      398   +   11,868       73,774 
Securities lent to dealers                                      17,779   -    1,725   -    5,333       18,399 
  Overnight facility (4)                                        17,779   -    1,725   -    5,333       18,399 
    U.S. Treasury securities                                    17,779   -    1,725   -    5,333       18,399 
    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, August 1, 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                                           69           159             0             0             0           ...           228 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,069        39,939       329,380     1,028,048       296,622       619,818     2,336,876 
  Weekly changes                        -    7,233    -   23,069    +   19,311    -   12,504    +      423    +       56    -   23,017 
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     1,668,371     1,709,544 
  Weekly changes                                 0             0             0             0             0    +       16    +       16 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               100             0             0             0             0             0           100 
                                                                                                                                       
Reverse repurchase agreements (4)          235,759             0           ...           ...           ...           ...       235,759 
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   
                                                                                                                       Aug 1, 2018  

Mortgage-backed securities held outright (1)                                                                             1,709,544  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,080  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



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   
                                                                                                                       Aug 1, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,716  
                                                                                                                                    
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        Aug 1, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 25, 2018  Aug 2, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,767   +        4   -       72  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,183,227   -   23,248   -  209,413  
    Securities held outright (1)                                          4,048,829   -   23,001   -  193,488  
      U.S. Treasury securities                                            2,336,876   -   23,017   -  128,319  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,200,589   -   23,840   -  136,976  
        Notes and bonds, inflation-indexed (2)                              114,592   +      706   +    5,619  
        Inflation compensation (3)                                           21,695   +      117   +    3,038  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,709,544   +       16   -   59,482  
    Unamortized premiums on securities held outright  
    (5)                                                                     148,003   -      254   -   16,742  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,833   +       16   +      789  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       228   -        8   +       28  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,716   +        1   +        6  
  Items in process of collection                                   (0)          202            0   +      128  
  Bank premises                                                               2,179   -        7   -       13  
  Central bank liquidity swaps (8)                                              100   -       22   +       65  
  Foreign currency denominated assets (9)                                    21,069   -       67   -      417  
  Other assets (10)                                                          29,155   +    1,310   -    1,478  
                                                                                                               
Total assets                                                       (0)    4,255,653   -   22,028   -  211,193  

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        Aug 1, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 25, 2018  Aug 2, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,621,958   +    1,411   +  103,563 
  Reverse repurchase agreements (11)                                         235,759   -   14,581   -  125,818 
  Deposits                                                          (0)    2,352,649   -    9,901   -  185,718 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,966,432   +   19,144   -  325,145 
    U.S. Treasury, General Account                                           310,204   -   28,774   +  144,797 
    Foreign official                                                           5,257   +        1   +       91 
    Other (12)                                                      (0)       70,756   -      273   -    5,462 
  Deferred availability cash items                                  (0)          620   +      256   -       28 
  Other liabilities and accrued dividends (13)                                 5,763   +      788   -    1,226 
                                                                                                               
Total liabilities                                                   (0)    4,216,748   -   22,028   -  209,229 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,079   -        1   +    1,210 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,904   -        1   -    1,965 

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, August 1, 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                                             1,767          39          39          162         116         250         198         290          31          46         105         200         291
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,183,227      79,891   2,309,340      105,612     118,589     247,534     251,111     224,052      55,781      34,993      65,853     172,970     517,501
    Securities held outright (1)               4,048,829      77,328   2,235,267      102,224     114,786     239,594     243,038     216,847      53,903      33,787      63,738     167,418     500,897
      U.S. Treasury securities                 2,336,876      44,632   1,290,137       59,001      66,251     138,287     140,275     125,158      31,112      19,501      36,788      96,629     289,105
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,336,876      44,632   1,290,137       59,001      66,251     138,287     140,275     125,158      31,112      19,501      36,788      96,629     289,105
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,709,544      32,650     943,801       43,162      48,466     101,164     102,618      91,559      22,760      14,266      26,912      70,689     211,495
    Unamortized premiums on securities held 
      outright (5)                               148,003       2,827      81,709        3,737       4,196       8,758       8,884       7,927       1,970       1,235       2,330       6,120      18,310
    Unamortized discounts on securities     
      held outright (5)                          -13,833        -264      -7,637         -349        -392        -819        -830        -741        -184        -115        -218        -572      -1,711
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            228           0           0            0           0           0          19          20          91          86           3           4           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,716           0       1,716            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     202           0           0            0           0           0         202           0           0           1           0           0           0
  Bank premises                                    2,179         109         441           75         118         195         203         197         106          95         233         219         188
  Central bank liquidity swaps (8)                   100           4          32            6           8          22           6           4           1           0           1           1          15
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,069         896       6,643        1,197       1,700       4,551       1,217         893         304          97         209         261       3,101
  Other assets (10)                               29,155         596      15,640          733         844       1,934       1,751       1,540         489         312         529       1,205       3,583
  Interdistrict settlement account                     0  +    3,616  +   18,331   -    5,128  +    2,468  +    2,102  +   28,255  -    9,471  +      996  -      754  -    7,124  +    8,704  -   41,997
                                                                                                                                                                                                         
Total assets                                   4,255,653      85,712   2,357,626      103,216     124,625     257,773     285,088     218,669      58,192      35,079      60,266     184,747     484,660

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, August 1, 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            1,800,192      58,793     605,028      53,765      87,284     124,951     260,419     113,088      53,590      30,387      46,930     148,206     217,752
    Less: Notes held by F.R. Banks               178,234       6,032      46,170       6,662       9,121      14,182      27,518      12,143       5,225       3,098       5,457      16,463      26,163
      Federal Reserve notes, net               1,621,958      52,761     558,857      47,103      78,163     110,769     232,901     100,945      48,365      27,289      41,473     131,743     191,589
  Reverse repurchase agreements (11)             235,759       4,503     130,157       5,952       6,684      13,951      14,152      12,627       3,139       1,967       3,711       9,749      29,167
  Deposits                                     2,352,649      26,627   1,653,761      47,686      36,442     124,121      35,195     103,108       5,941       5,074      14,549      42,496     257,649
    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                           1,966,432      26,592   1,317,193      47,683      36,368     123,639      35,159      54,422       5,935       5,018      14,529      42,253     257,641
    U.S. Treasury, General Account               310,204           0     310,204           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,230           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    70,756          33      21,135           1          71         474          34      48,684           5          56          20         242           2
  Deferred availability cash items                   620           0           0           0           0           0         200           0           0         420           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,229          33         593          30          38          82         112          67          21          12          19          69         151
  Other liabilities and accrued             
     dividends                                     4,534         154       1,896         189         195         490         295         297         136         139         137         212         396
                                                                                                                                                                                                        
Total liabilities                              4,216,748      84,078   2,345,265     100,960     121,521     249,413     282,855     217,043      57,601      34,902      59,890     184,268     478,952
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,079       1,343      10,210       1,868       2,553       6,885       1,838       1,337         493         146         308         395       4,704
  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                  4,255,653      85,712   2,357,626     103,216     124,625     257,773     285,088     218,669      58,192      35,079      60,266     184,747     484,660

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, August 1, 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   
                                                                                           Aug 1, 2018  

Federal Reserve notes outstanding                                                            1,800,192  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,234  
    Federal Reserve notes to be collateralized                                               1,621,958  
Collateral held against Federal Reserve notes                                                1,621,958  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,605,721  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,048,829  
  Less: Face value of securities under reverse repurchase agreements                           235,161  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,813,668  

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.