FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 12, 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  Apr 11, 2018 
Federal Reserve Banks                                     Apr 11, 2018  Apr 4, 2018 Apr 12, 2017              

Reserve Bank credit                                         4,342,177   -    9,636   -   92,221    4,343,119  
  Securities held outright (1)                              4,171,784   -    6,803   -   76,897    4,171,820  
    U.S. Treasury securities                                2,413,025   -    6,803   -   51,488    2,413,060  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,281,885   -    6,857   -   57,395    2,281,885  
      Notes and bonds, inflation-indexed (2)                  111,134   -       86   +    3,901      111,120  
      Inflation compensation (3)                               20,005   +      139   +    2,005       20,055  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,754,368            0   -   16,472    1,754,369  
  Unamortized premiums on securities held outright (5)        154,137   -      256   -   14,962      154,051  
  Unamortized discounts on securities held outright (5)       -14,020   -       10   +      929      -14,009  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            30   +        1   -       19           30  
    Primary credit                                                  1   -        9   -       29            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                29   +       10   +       11           30  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   -        9        1,709  
  Float                                                          -195   +      337   +      123         -178  
  Central bank liquidity swaps (8)                                 79   -    4,932   +       34           79  
  Other Federal Reserve assets (9)                             28,653   +    2,027   -    1,421       29,618  
Foreign currency denominated assets (10)                       22,129   -      140   +    2,080       22,248  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,580   +       14   +      782       49,580  
                                                                                                              
Total factors supplying reserve funds                       4,430,128   -    9,761   -   89,358    4,431,188  

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  Apr 11, 2018 
Federal Reserve Banks                                     Apr 11, 2018  Apr 4, 2018 Apr 12, 2017              

Currency in circulation (11)                                 1,640,000   +    2,232   +  100,197    1,640,817 
Reverse repurchase agreements (12)                             247,981   -   22,082   -  113,146      245,204 
  Foreign official and international accounts                  243,730   -    5,246   -    1,477      242,843 
  Others                                                         4,250   -   16,837   -  111,671        2,361 
Treasury cash holdings                                             319            0   +       59          309 
Deposits with F.R. Banks, other than reserve balances          376,234   -   16,820   +  164,838      370,166 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               294,083   -    9,833   +  171,865      287,804 
  Foreign official                                               5,254   -        1   +       55        5,253 
  Other (13)                                                    76,897   -    6,986   -    7,081       77,110 
Other liabilities and capital (14)                              45,630   +      991   -    2,863       45,848 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,310,162   -   35,682   +  149,082    2,302,344 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,119,965   +   25,920   -  238,442    2,128,844 

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  Apr 11, 2018 
                                                          Apr 11, 2018  Apr 4, 2018 Apr 12, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,450,217   +   12,380   +  237,553    3,452,308 
  Marketable U.S. Treasury securities (1)                    3,096,767   +   12,627   +  206,985    3,099,004 
  Federal agency debt and mortgage-backed securities (2)       273,921   -      184   +   13,367      273,921 
  Other securities (3)                                          79,529   -       63   +   17,202       79,384 
Securities lent to dealers                                      20,474   -    6,444   -    1,182       18,330 
  Overnight facility (4)                                        20,474   -    6,444   -    1,182       18,330 
    U.S. Treasury securities                                    20,474   -    6,444   -    1,131       18,330 
    Federal agency debt securities                                   0            0   -       51            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, April 11, 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                                            2            28             0             0             0           ...            30 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     229       119,506       290,370     1,080,029       296,322       626,605     2,413,060 
  Weekly changes                                 0             0    +        3    +       19    -       73    +       80    +       29 
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             1            74        36,610     1,717,684     1,754,369 
  Weekly changes                                 0             0             0             0             0    +        1    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                79             0             0             0             0             0            79 
                                                                                                                                       
Reverse repurchase agreements (4)          245,204             0           ...           ...           ...           ...       245,204 
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   
                                                                                                                      Apr 11, 2018  

Mortgage-backed securities held outright (1)                                                                             1,754,369  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           16,819  
Commitments to sell mortgage-backed securities (2)                                                                             158  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Apr 11, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
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       Apr 11, 2018   Wednesday    Wednesday  
                                                        consolidation                 Apr 4, 2018 Apr 12, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,823   +        1   -       76  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,311,892   -      163   -  101,449  
    Securities held outright (1)                                          4,171,820   +       30   -   87,146  
      U.S. Treasury securities                                            2,413,060   +       29   -   51,486  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,281,885            0   -   57,395  
        Notes and bonds, inflation-indexed (2)                              111,120   -      100   +    3,887  
        Inflation compensation (3)                                           20,055   +      129   +    2,021  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,754,369   +        1   -   26,722  
    Unamortized premiums on securities held outright  
    (5)                                                                     154,051   -      228   -   15,241  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,009   +       29   +      932  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        30   +        6   +        6  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709   +        1   +        1  
  Items in process of collection                                   (0)           78   +        3   -       12  
  Bank premises                                                               2,199   +        1   +        1  
  Central bank liquidity swaps (8)                                               79   -    4,932   +       34  
  Foreign currency denominated assets (9)                                    22,248   +       82   +    2,133  
  Other assets (10)                                                          27,419   +    2,588   -    1,441  
                                                                                                               
Total assets                                                       (0)    4,383,684   -    2,420   -  100,808  

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       Apr 11, 2018   Wednesday    Wednesday  
                                                        consolidation                 Apr 4, 2018 Apr 12, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,593,365   +      196   +   99,027 
  Reverse repurchase agreements (11)                                         245,204   -   20,053   -  112,229 
  Deposits                                                          (0)    2,499,010   +   15,988   -   83,686 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,128,844   +   30,113   -  238,923 
    U.S. Treasury, General Account                                           287,804   -   12,800   +  168,647 
    Foreign official                                                           5,253   -        1   +       79 
    Other (12)                                                      (0)       77,110   -    1,324   -   13,488 
  Deferred availability cash items                                  (0)          257   -      196   -      394 
  Other liabilities and accrued dividends (13)                                 6,606   +    1,600   -    2,177 
                                                                                                               
Total liabilities                                                   (0)    4,344,442   -    2,466   -   99,458 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,742   +       46   +    1,150 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,242   +       46   -    1,350 

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, April 11, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,823          53          50          184         118         267         182         299          27          52         111         187         293
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,311,892      84,011   2,427,974      111,330     125,040     252,634     253,812     181,369      57,501      33,624      61,152     172,617     550,825
    Securities held outright (1)               4,171,820      81,283   2,349,118      107,715     120,979     244,429     245,569     175,461      55,630      32,526      59,166     167,010     532,934
      U.S. Treasury securities                 2,413,060      47,015   1,358,774       62,304      69,977     141,383     142,042     101,490      32,178      18,813      34,223      96,602     308,259
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,413,060      47,015   1,358,774       62,304      69,977     141,383     142,042     101,490      32,178      18,813      34,223      96,602     308,259
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,754,369      34,182     987,871       45,297      50,875     102,789     103,269      73,787      23,394      13,678      24,881      70,233     224,114
    Unamortized premiums on securities held 
      outright (5)                               154,051       3,001      86,745        3,978       4,467       9,026       9,068       6,479       2,054       1,201       2,185       6,167      19,679
    Unamortized discounts on securities     
      held outright (5)                          -14,009        -273      -7,888         -362        -406        -821        -825        -589        -187        -109        -199        -561      -1,790
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             30           0           0            0           0           0           0          18           3           7           0           1           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      78           0           0            0           0           0          78           0           0           1           0           0           0
  Bank premises                                    2,199         112         445           73         120         197         203         201         108          95         235         220         191
  Central bank liquidity swaps (8)                    79           3          25            4           6          17           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,248         947       7,015        1,264       1,796       4,806       1,285         943         321         102         220         275       3,274
  Other assets (10)                               27,419         569      14,925          705         806       1,831       1,616       1,146         447         285         461       1,154       3,474
  Interdistrict settlement account                     0  +    4,208  -   74,358   -    1,455  +    2,365  +   37,616  +   12,131  +   39,111  +    1,414  +    2,096  +    8,609  +    5,305  -   37,042
                                                                                                                                                                                                         
Total assets                                   4,383,684      90,448   2,383,194      112,664     131,042     298,556     271,486     224,233      60,310      36,535      71,234     180,958     523,023

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, April 11, 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            1,776,686      59,852     604,702      53,792      88,449     123,940     242,758     114,390      52,080      30,669      47,365     139,207     219,482
    Less: Notes held by F.R. Banks               183,321       6,330      48,073       7,155      10,046      13,954      27,848      12,327       5,603       3,679       5,977      17,412      24,917
      Federal Reserve notes, net               1,593,365      53,522     556,628      46,637      78,403     109,986     214,910     102,063      46,477      26,989      41,388     121,796     194,566
  Reverse repurchase agreements (11)             245,204       4,777     138,072       6,331       7,111      14,367      14,434      10,313       3,270       1,912       3,478       9,816      31,324
  Deposits                                     2,499,010      30,267   1,673,268      57,152      42,117     165,061      39,400     109,829       9,814       7,102      25,789      48,555     290,656
    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                           2,128,844      30,236   1,356,888      57,150      42,045     164,757      39,364      56,555       9,807       7,101      25,779      48,511     290,649
    U.S. Treasury, General Account               287,804           0     287,804           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,253           2       5,225           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    77,110          30      23,351           0          69         295          34      53,272           6           0           9          43           1
  Deferred availability cash items                   257           0           0           0           0           0          62           0           0         194           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,644          36         886          43          57          83         124          60          26          14          29          75         209
  Other liabilities and accrued             
     dividends                                     4,963         183       2,026         209         212         575         315         317         140         145         153         227         461
                                                                                                                                                                                                        
Total liabilities                              4,344,442      88,786   2,370,880     110,372     127,900     290,072     269,246     222,581      59,727      36,356      70,836     180,469     517,216
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,742       1,343       9,949       1,866       2,537       6,864       1,806       1,334         475         145         324         396       4,703
  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                  4,383,684      90,448   2,383,194     112,664     131,042     298,556     271,486     224,233      60,310      36,535      71,234     180,958     523,023

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, April 11, 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   
                                                                                          Apr 11, 2018  

Federal Reserve notes outstanding                                                            1,776,686  
  Less: Notes held by F.R. Banks not subject to collateralization                              183,321  
    Federal Reserve notes to be collateralized                                               1,593,365  
Collateral held against Federal Reserve notes                                                1,593,365  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,577,128  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,171,820  
  Less: Face value of securities under reverse repurchase agreements                           242,010  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,929,810  

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.