FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 10, 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   May 9, 2018 
Federal Reserve Banks                                      May 9, 2018  May 2, 2018 May 10, 2017              

Reserve Bank credit                                         4,317,537   -    8,194   -  116,451    4,318,466  
  Securities held outright (1)                              4,144,866   -   10,136   -  100,785    4,144,891  
    U.S. Treasury securities                                2,395,503   -   10,137   -   69,303    2,395,528  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,262,072   -   11,384   -   77,668    2,262,072  
      Notes and bonds, inflation-indexed (2)                  112,949   +    1,167   +    6,146      112,949  
      Inflation compensation (3)                               20,482   +       81   +    2,219       20,507  
    Federal agency debt securities (2)                          4,391            0   -    7,438        4,391  
    Mortgage-backed securities (4)                          1,744,972            0   -   24,044    1,744,972  
  Unamortized premiums on securities held outright (5)        152,616   -      257   -   15,212      152,544  
  Unamortized discounts on securities held outright (5)       -13,917   +        3   +      924      -13,907  
  Repurchase agreements (6)                                         9   +        9            0           64  
  Loans                                                            78   -       47   +       37           60  
    Primary credit                                                 18   -       50   +       17            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                60   +        3   +       19           60  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715   +        1   +        6        1,715  
  Float                                                          -169   +      464   +      133         -176  
  Central bank liquidity swaps (8)                                 80   -       37   +       45           80  
  Other Federal Reserve assets (9)                             32,259   +    1,806   -    1,599       33,195  
Foreign currency denominated assets (10)                       21,547   -      158   +    1,334       21,434  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,636   +       14   +      771       49,636  
                                                                                                              
Total factors supplying reserve funds                       4,404,961   -    8,339   -  114,347    4,405,778  

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   May 9, 2018 
Federal Reserve Banks                                      May 9, 2018  May 2, 2018 May 10, 2017              

Currency in circulation (11)                                 1,646,778   +    3,119   +  100,178    1,649,163 
Reverse repurchase agreements (12)                             253,503   +    5,319   -  151,019      247,480 
  Foreign official and international accounts                  248,949   +    6,012   +    7,329      244,760 
  Others                                                         4,554   -      692   -  158,348        2,720 
Treasury cash holdings                                             280   -        9   +       26          273 
Deposits with F.R. Banks, other than reserve balances          432,902   -   49,230   +  145,575      416,731 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               353,741   -   46,243   +  154,728      338,377 
  Foreign official                                               5,255   +        1   +       84        5,254 
  Other (13)                                                    73,906   -    2,988   -    9,237       73,100 
Other liabilities and capital (14)                              45,747   +    1,294   -    2,668       45,357 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,379,211   -   39,505   +   92,094    2,359,003 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,025,750   +   31,166   -  206,441    2,046,775 

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   May 9, 2018 
                                                           May 9, 2018  May 2, 2018 May 10, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,396,607   -   10,936   +  174,772    3,385,932 
  Marketable U.S. Treasury securities (1)                    3,044,192   -   10,830   +  138,848    3,033,437 
  Federal agency debt and mortgage-backed securities (2)       275,600   +      435   +   20,287      275,636 
  Other securities (3)                                          76,815   -      540   +   15,637       76,859 
Securities lent to dealers                                      18,873   -    1,091   -    2,913       20,564 
  Overnight facility (4)                                        18,873   -    1,091   -    2,913       20,564 
    U.S. Treasury securities                                    18,873   -    1,091   -    2,884       20,564 
    Federal agency debt securities                                   0            0   -       29            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, May 9, 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                                           17            44             0             0             0           ...            60 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  26,228        90,360       290,879     1,068,428       304,602       615,031     2,395,528 
  Weekly changes                                 0    +        1    +        1    +       10    +       23    +       33    +       68 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,982            62             0             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            79        39,939     1,704,954     1,744,972 
  Weekly changes                                 0             0    -        1             0    +    3,850    -    3,850             0 
Repurchase agreements (4)                       64             0           ...           ...           ...           ...            64 
Central bank liquidity swaps (5)                80             0             0             0             0             0            80 
                                                                                                                                       
Reverse repurchase agreements (4)          247,480             0           ...           ...           ...           ...       247,480 
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   
                                                                                                                       May 9, 2018  

Mortgage-backed securities held outright (1)                                                                             1,744,972  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           13,801  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       May 9, 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        May 9, 2018   Wednesday    Wednesday  
                                                        consolidation                 May 2, 2018 May 10, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,815   -        4   -       45  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,283,652   -      231   -  115,015  
    Securities held outright (1)                                          4,144,891   +       68   -  100,769  
      U.S. Treasury securities                                            2,395,528   +       68   -   69,287  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,262,072            0   -   77,668  
        Notes and bonds, inflation-indexed (2)                              112,949            0   +    6,146  
        Inflation compensation (3)                                           20,507   +       68   +    2,235  
      Federal agency debt securities (2)                                      4,391            0   -    7,438  
      Mortgage-backed securities (4)                                      1,744,972            0   -   24,044  
    Unamortized premiums on securities held outright  
    (5)                                                                     152,544   -      231   -   15,187  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,907   +       29   +      923  
    Repurchase agreements (6)                                                    64   +       64   +        2  
    Loans                                                                        60   -      161   +       15  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715   +        1   +        6  
  Items in process of collection                                   (0)           77   -        2   +       15  
  Bank premises                                                               2,194            0   -        2  
  Central bank liquidity swaps (8)                                               80   -       37   +       45  
  Foreign currency denominated assets (9)                                    21,434   -      140   +    1,370  
  Other assets (10)                                                          31,002   +    2,492   -    1,628  
                                                                                                               
Total assets                                                       (0)    4,358,207   +    2,078   -  115,252  

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        May 9, 2018   Wednesday    Wednesday  
                                                        consolidation                 May 2, 2018 May 10, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,601,610   +    3,011   +   99,938 
  Reverse repurchase agreements (11)                                         247,480   -    8,692   -  177,613 
  Deposits                                                          (0)    2,463,507   +    7,025   -   35,200 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,046,776   +   54,953   -  173,142 
    U.S. Treasury, General Account                                           338,377   -   46,584   +  150,121 
    Foreign official                                                           5,254            0   +       89 
    Other (12)                                                      (0)       73,100   -    1,345   -   12,267 
  Deferred availability cash items                                  (0)          254   -       76   -      159 
  Other liabilities and accrued dividends (13)                                 6,080   +      797   -      780 
                                                                                                               
Total liabilities                                                   (0)    4,318,930   +    2,064   -  113,814 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,777   +       15   +    1,061 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,277   +       15   -    1,439 

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, May 9, 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                                             1,815          51          52          179         114         262         186         298          27          50         109         185         302
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,283,652      81,812   2,364,875      108,152     121,441     253,486     257,134     229,442      57,052      35,755      67,434     177,126     529,943
    Securities held outright (1)               4,144,891      79,163   2,288,301      104,650     117,509     245,279     248,804     221,991      55,182      34,589      65,250     171,390     512,782
      U.S. Treasury securities                 2,395,528      45,752   1,322,517       60,482      67,914     141,758     143,796     128,299      31,892      19,991      37,711      99,055     296,361
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,395,528      45,752   1,322,517       60,482      67,914     141,758     143,796     128,299      31,892      19,991      37,711      99,055     296,361
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,744,972      33,327     963,360       44,057      49,471     103,261     104,745      93,457      23,231      14,562      27,470      72,154     215,878
    Unamortized premiums on securities held 
      outright (5)                               152,544       2,913      84,216        3,851       4,325       9,027       9,157       8,170       2,031       1,273       2,401       6,308      18,872
    Unamortized discounts on securities     
      held outright (5)                          -13,907        -266      -7,678         -351        -394        -823        -835        -745        -185        -116        -219        -575      -1,720
    Repurchase agreements (6)                         64           1          35            2           2           4           4           3           1           1           1           3           8
    Loans                                             60           0           0            0           0           0           4          22          24           9           0           0           2
  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                      77           0           0            0           0           0          77           0           0           0           0           0           0
  Bank premises                                    2,194         111         444           74         120         197         203         200         108          95         234         220         190
  Central bank liquidity swaps (8)                    80           3          25            5           6          17           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,434         912       6,758        1,217       1,730       4,630       1,238         909         309          98         212         265       3,155
  Other assets (10)                               31,002         625      16,618          780         894       2,057       1,861       1,638         513         331         560       1,318       3,807
  Interdistrict settlement account                     0  -    1,641  +   88,419   -    4,767  -    2,766  +    2,907  +    8,384  -   19,543  -    1,728  -    2,012  -    3,051  -    4,859  -   59,342
                                                                                                                                                                                                         
Total assets                                   4,358,207      82,433   2,484,351      106,200     122,320     264,742     271,233     214,109      56,766      34,607      65,958     175,442     480,045

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, May 9, 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            1,782,256      59,567     605,903      54,203      88,049     125,810     247,264     114,058      52,073      30,512      47,238     138,878     218,701
    Less: Notes held by F.R. Banks               180,646       6,244      45,954       7,215       9,910      14,118      28,587      12,596       5,525       3,423       5,851      16,763      24,461
      Federal Reserve notes, net               1,601,610      53,323     559,949      46,988      78,138     111,692     218,677     101,463      46,548      27,090      41,388     122,115     194,240
  Reverse repurchase agreements (11)             247,480       4,727     136,628       6,248       7,016      14,645      14,855      13,254       3,295       2,065       3,896      10,233      30,617
  Deposits                                     2,463,507      22,528   1,772,762      50,439      33,780     129,308      34,966      97,357       6,185       4,947      20,114      42,319     248,800
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,046,776      22,498   1,407,546      50,437      33,716     129,053      34,930      46,320       6,180       4,947      20,069      42,287     248,793
    U.S. Treasury, General Account               338,377           0     338,377           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    73,100          29      21,613           0          61         246          33      51,036           4           0          45          31           2
  Deferred availability cash items                   254           0           0           0           0           0          77           0           0         176           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,334          25         738          28          35          51          97          71          21          12          23          69         163
  Other liabilities and accrued             
     dividends                                     4,746         168       1,958         202         207         540         310         310         136         138         139         218         420
                                                                                                                                                                                                        
Total liabilities                              4,318,930      80,771   2,472,036     103,906     119,176     256,237     268,983     212,455      56,184      34,428      65,560     174,954     474,240
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,777       1,343       9,951       1,868       2,538       6,884       1,817       1,336         474         145         324         396       4,702
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,358,207      82,433   2,484,351     106,200     122,320     264,742     271,233     214,109      56,766      34,607      65,958     175,442     480,045

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, May 9, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           May 9, 2018  

Federal Reserve notes outstanding                                                            1,782,256  
  Less: Notes held by F.R. Banks not subject to collateralization                              180,646  
    Federal Reserve notes to be collateralized                                               1,601,610  
Collateral held against Federal Reserve notes                                                1,601,610  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,585,373  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,144,955  
  Less: Face value of securities under reverse repurchase agreements                           243,417  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,901,538  

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.