FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 23, 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  Nov 21, 2018 
Federal Reserve Banks                                     Nov 21, 2018 Nov 14, 2018 Nov 22, 2017              

Reserve Bank credit                                         4,070,057   -   34,892   -  339,937    4,067,341  
  Securities held outright (1)                              3,920,173   -   22,157   -  319,317    3,917,324  
    U.S. Treasury securities                                2,253,067   -   17,342   -  203,678    2,253,085  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,115,384   -   17,378   -  212,314    2,115,384  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,042      115,579  
      Inflation compensation (3)                               22,104   +       36   +    2,594       22,122  
    Federal agency debt securities (2)                          2,409            0   -    2,320        2,409  
    Mortgage-backed securities (4)                          1,664,697   -    4,815   -  113,319    1,661,830  
  Unamortized premiums on securities held outright (5)        142,429   -      425   -   18,455      142,177  
  Unamortized discounts on securities held outright (5)       -13,553   -       64   +      712      -13,538  
  Repurchase agreements (6)                                         9   +        9            0            0  
  Loans                                                            91   -        4   +       24           71  
    Primary credit                                                  5   -       15   -       12           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                86   +       11   +       36           55  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,703            7  
  Float                                                          -149   +       22   +      173         -178  
  Central bank liquidity swaps (8)                                 58   +       11   +       23           58  
  Other Federal Reserve assets (9)                             20,991   -   12,285   -    1,395       21,421  
Foreign currency denominated assets (10)                       20,681   +      138   -      493       20,665  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,871   +       14   +      577       49,871  
                                                                                                              
Total factors supplying reserve funds                       4,156,850   -   34,740   -  339,854    4,154,119  

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  Nov 21, 2018 
Federal Reserve Banks                                     Nov 21, 2018 Nov 14, 2018 Nov 22, 2017              

Currency in circulation (11)                                 1,702,919   +    1,853   +  108,353    1,706,046 
Reverse repurchase agreements (12)                             244,499   +   19,447   -   21,922      250,869 
  Foreign official and international accounts                  229,642   +    5,232   +    1,271      234,664 
  Others                                                        14,856   +   14,214   -   23,195       16,205 
Treasury cash holdings                                             218   -       11   +       13          208 
Deposits with F.R. Banks, other than reserve balances          406,024   -   12,912   +  159,472      394,093 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               330,202   -   10,892   +  166,623      317,331 
  Foreign official                                               5,257   -        1   +       91        5,257 
  Other (13)                                                    70,565   -    2,019   -    7,241       71,505 
Other liabilities and capital (14)                              45,462   +      536   -    3,591       45,401 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,399,121   +    8,914   +  242,324    2,396,617 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,757,729   -   43,654   -  582,178    1,757,502 

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  Nov 21, 2018 
                                                          Nov 21, 2018 Nov 14, 2018 Nov 22, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,405,119   -   15,020   +   32,849    3,399,944 
  Marketable U.S. Treasury securities (1)                    3,031,347   -   15,644   -   11,457    3,027,259 
  Federal agency debt and mortgage-backed securities (2)       307,737   +    1,100   +   45,743      306,819 
  Other securities (3)                                          66,036   -      475   -    1,436       65,866 
Securities lent to dealers                                      15,674   -      254   -    5,282       16,552 
  Overnight facility (4)                                        15,674   -      254   -    5,282       16,552 
    U.S. Treasury securities                                    15,674   -      254   -    5,282       16,552 
    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, November 21, 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                                           71             0             0             0             0           ...            71 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  24,916        78,011       306,254       961,676       263,716       618,512     2,253,085 
  Weekly changes                        -    9,388    +   18,608    -    3,749    -   32,223    +    8,110    +    1,306    -   17,335 
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             3           208        61,852     1,599,766     1,661,830 
  Weekly changes                                 0             0    +        1    +        6    -      327    -    8,675    -    8,995 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                58             0             0             0             0             0            58 
                                                                                                                                       
Reverse repurchase agreements (4)          250,869             0           ...           ...           ...           ...       250,869 
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   
                                                                                                                      Nov 21, 2018  

Mortgage-backed securities held outright (1)                                                                             1,661,830  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                              175  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 21, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
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.         
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       Nov 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Nov 14, 2018 Nov 22, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,698   -       23   -      137  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,046,033   -   27,105   -  340,413  
    Securities held outright (1)                                          3,917,324   -   26,330   -  322,572  
      U.S. Treasury securities                                            2,253,085   -   17,335   -  203,737  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,115,384   -   17,378   -  212,314  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,042  
        Inflation compensation (3)                                           22,122   +       42   +    2,534  
      Federal agency debt securities (2)                                      2,409            0   -    1,982  
      Mortgage-backed securities (4)                                      1,661,830   -    8,995   -  116,853  
    Unamortized premiums on securities held outright  
    (5)                                                                     142,177   -      611   -   18,567  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,538   -       58   +      713  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        71   -      105   +       15  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,703  
  Items in process of collection                                   (0)           73   -       83   +        5  
  Bank premises                                                               2,192   +        3   -       17  
  Central bank liquidity swaps (8)                                               58   +       11   +       23  
  Foreign currency denominated assets (9)                                    20,665   +      135   -      566  
  Other assets (10)                                                          19,235   -   12,632   -    1,610  
                                                                                                               
Total assets                                                       (0)    4,106,198   -   39,694   -  344,417  

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       Nov 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Nov 14, 2018 Nov 22, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,658,077   +    3,206   +  106,432 
  Reverse repurchase agreements (11)                                         250,869   +   30,758   -   32,381 
  Deposits                                                          (0)    2,151,600   -   74,376   -  415,171 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,757,507   -   42,022   -  572,327 
    U.S. Treasury, General Account                                           317,331   -   11,355   +  165,548 
    Foreign official                                                           5,257   +        1   +       92 
    Other (12)                                                      (0)       71,505   -   21,000   -    8,484 
  Deferred availability cash items                                  (0)          251   -      153   -      291 
  Other liabilities and accrued dividends (13)                                 6,273   +      867   -      891 
                                                                                                               
Total liabilities                                                   (0)    4,067,070   -   39,698   -  342,302 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,303   +        4   +    1,060 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,128   +        4   -    2,115 

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, November 21, 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                                             1,698          40          34          149         118         235         176         284          27          42         109         192         292
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,046,033      77,274   2,233,685      102,152     114,705     239,425     242,868     216,707      53,874      33,786      63,705     167,300     500,553
    Securities held outright (1)               3,917,324      74,817   2,162,667       98,904     111,057     231,812     235,144     209,803      52,153      32,690      61,668     161,981     484,628
      U.S. Treasury securities                 2,253,085      43,032   1,243,878       56,886      63,876     133,329     135,245     120,670      29,996      18,802      35,469      93,165     278,738
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,253,085      43,032   1,243,878       56,886      63,876     133,329     135,245     120,670      29,996      18,802      35,469      93,165     278,738
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,661,830      31,739     917,459       41,958      47,113      98,341      99,754      89,004      22,124      13,868      26,161      68,716     205,592
    Unamortized premiums on securities held 
      outright (5)                               142,177       2,715      78,493        3,590       4,031       8,413       8,534       7,615       1,893       1,186       2,238       5,879      17,589
    Unamortized discounts on securities     
      held outright (5)                          -13,538        -259      -7,474         -342        -384        -801        -813        -725        -180        -113        -213        -560      -1,675
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             71           0           0            0           0           1           2          14           9          22          11           0          10
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      73           0           0            0           0           0          73           0           0           0           0           0           0
  Bank premises                                    2,192         109         448           81         117         195         206         195         106          95         233         220         188
  Central bank liquidity swaps (8)                    58           2          18            3           5          12           3           2           1           0           1           1           8
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,665         879       6,516        1,174       1,668       4,464       1,194         876         298          95         205         256       3,041
  Other assets (10)                               19,235         397      10,123          478         549       1,328       1,153       1,001         456         197         348         868       2,337
  Interdistrict settlement account                     0  +      787  -   67,170   -    5,142  +   10,498  +    2,560  +   35,046  +    7,120  +    5,470  +    3,045  -    2,842  +   15,972  -    5,345
                                                                                                                                                                                                         
Total assets                                   4,106,198      80,048   2,189,104       99,455     128,440     249,406     282,864     227,349      60,717      37,549      62,217     185,995     503,054

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, November 21, 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            1,855,712      58,165     615,196      54,688      88,835     125,450     262,918     120,581      55,606      31,311      49,709     150,510     242,742
    Less: Notes held by F.R. Banks               197,635       5,835      59,814       7,315       8,951      13,928      29,541      12,488       5,494       2,721       5,640      17,104      28,804
      Federal Reserve notes, net               1,658,077      52,329     555,382      47,373      79,884     111,521     233,377     108,094      50,112      28,590      44,069     133,406     213,939
  Reverse repurchase agreements (11)             250,869       4,791     138,499       6,334       7,112      14,845      15,059      13,436       3,340       2,094       3,949      10,373      31,036
  Deposits                                     2,151,600      21,074   1,480,216      43,236      38,035     113,998      31,644     103,783       6,507       6,340      13,637      41,443     251,687
    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                           1,757,507      21,059   1,136,865      43,233      38,011     113,463      31,610      53,872       6,498       6,289      13,623      41,306     251,680
    U.S. Treasury, General Account               317,331           0     317,331           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)                                    71,505          13      20,791           1          21         526          32      49,910           8          51          14         137           1
  Deferred availability cash items                   251           0           0           0           0           0          65           0           0         186           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,336          30         677          37          49          89         112          68          23          13          24          65         149
  Other liabilities and accrued             
     dividends                                     4,936         190       1,886         220         227         586         333         329         143         150         156         224         492
                                                                                                                                                                                                        
Total liabilities                              4,067,070      78,414   2,176,662      97,199     125,308     241,040     280,590     225,710      60,125      37,372      61,836     185,512     497,303
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,303       1,343      10,291       1,868       2,581       6,891       1,880       1,350         493         146         313         398       4,747
  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                  4,106,198      80,048   2,189,104      99,455     128,440     249,406     282,864     227,349      60,717      37,549      62,217     185,995     503,054

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, November 21, 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   
                                                                                          Nov 21, 2018  

Federal Reserve notes outstanding                                                            1,855,712  
  Less: Notes held by F.R. Banks not subject to collateralization                              197,635  
    Federal Reserve notes to be collateralized                                               1,658,077  
Collateral held against Federal Reserve notes                                                1,658,077  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,641,840  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,917,324  
  Less: Face value of securities under reverse repurchase agreements                           251,398  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,665,926  

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.