FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 29, 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  Mar 28, 2018 
Federal Reserve Banks                                     Mar 28, 2018 Mar 21, 2018 Mar 29, 2017              

Reserve Bank credit                                         4,357,353   -    4,181   -   79,018    4,351,268  
  Securities held outright (1)                              4,188,614   -    4,445   -   62,989    4,183,642  
    U.S. Treasury securities                                2,424,824   +      160   -   39,452    2,424,883  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,293,885            0   -   46,726    2,293,885  
      Notes and bonds, inflation-indexed (2)                  111,220            0   +    5,319      111,220  
      Inflation compensation (3)                               19,719   +      160   +    1,956       19,778  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,759,398   -    4,607   -   14,600    1,754,368  
  Unamortized premiums on securities held outright (5)        154,811   -      503   -   14,941      154,546  
  Unamortized discounts on securities held outright (5)       -14,023   +       40   +      937      -13,995  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            19   +        3   +        8           16  
    Primary credit                                                  5            0   +        2            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                14   +        3   +        6           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,709  
  Float                                                          -208   -       55   +      143         -530  
  Central bank liquidity swaps (8)                                 79   +        2   -      928           79  
  Other Federal Reserve assets (9)                             26,354   +      778   -    1,248       25,802  
Foreign currency denominated assets (10)                       22,362   +      161   +    2,130       22,255  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,549   +       14   +      787       49,549  
                                                                                                              
Total factors supplying reserve funds                       4,445,505   -    4,007   -   76,101    4,439,313  

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  Mar 28, 2018 
Federal Reserve Banks                                     Mar 28, 2018 Mar 21, 2018 Mar 29, 2017              

Currency in circulation (11)                                 1,635,299   +    1,097   +  101,161    1,636,934 
Reverse repurchase agreements (12)                             240,288   -    1,458   -  228,635      255,440 
  Foreign official and international accounts                  229,377   -    1,663   -   20,620      237,542 
  Others                                                        10,912   +      206   -  208,014       17,898 
Treasury cash holdings                                             317   +        1   +       51          319 
Deposits with F.R. Banks, other than reserve balances          410,621   +    6,436   +  250,000      382,337 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               318,858   +    2,404   +  253,671      300,355 
  Foreign official                                               5,309   +       55   +      141        5,254 
  Other (13)                                                    86,454   +    3,977   -    3,812       76,728 
Other liabilities and capital (14)                              45,658   +      182   -    3,068       45,278 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,332,184   +    6,259   +  119,509    2,320,308 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,113,321   -   10,266   -  195,611    2,119,005 

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  Mar 28, 2018 
                                                          Mar 28, 2018 Mar 21, 2018 Mar 29, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,444,223   +    4,188   +  237,212    3,443,854 
  Marketable U.S. Treasury securities (1)                    3,090,936   -    6,531   +  207,198    3,090,437 
  Federal agency debt and mortgage-backed securities (2)       272,606   +    9,470   +   11,540      273,164 
  Other securities (3)                                          80,681   +    1,249   +   18,473       80,253 
Securities lent to dealers                                      24,458   +    1,758   -      310       24,538 
  Overnight facility (4)                                        24,458   +    1,758   -      310       24,538 
    U.S. Treasury securities                                    24,458   +    1,758   -      238       24,538 
    Federal agency debt securities                                   0            0   -       73            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, March 28, 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                                           16             0             0             0             0           ...            16 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  31,201        89,281       298,438     1,081,513       298,012       626,439     2,424,883 
  Weekly changes                                 0    +        1    +        4    +       21    +       42    +       93    +      160 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,982            62             0             0         2,347         4,391 
  Weekly changes                                 0             0    +       62    -       62             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1            66        35,709     1,718,592     1,754,368 
  Weekly changes                                 0             0             0    -      131    -      884    -    7,789    -    8,803 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                79             0             0             0             0             0            79 
                                                                                                                                       
Reverse repurchase agreements (4)          255,440             0           ...           ...           ...           ...       255,440 
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   
                                                                                                                      Mar 28, 2018  

Mortgage-backed securities held outright (1)                                                                             1,754,368  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           12,031  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
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   
                                                                                                                      Mar 28, 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       Mar 28, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 21, 2018 Mar 29, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,835   -       24   -       77  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,324,209   -    9,140   -   77,139  
    Securities held outright (1)                                          4,183,642   -    8,643   -   63,141  
      U.S. Treasury securities                                            2,424,883   +      160   -   39,452  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,293,885            0   -   46,726  
        Notes and bonds, inflation-indexed (2)                              111,220            0   +    5,319  
        Inflation compensation (3)                                           19,778   +      160   +    1,955  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,754,368   -    8,803   -   14,750  
    Unamortized premiums on securities held outright  
    (5)                                                                     154,546   -      559   -   14,957  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,995   +       59   +      953  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        16   +        2   +        5  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709   +        1   +        2  
  Items in process of collection                                   (0)           73   -       15   +        8  
  Bank premises                                                               2,197            0   -        3  
  Central bank liquidity swaps (8)                                               79   +        2   -      928  
  Foreign currency denominated assets (9)                                    22,255   +       92   +    2,097  
  Other assets (10)                                                          23,605   +       61   -    1,379  
                                                                                                               
Total assets                                                       (0)    4,392,198   -    9,024   -   77,420  

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       Mar 28, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 21, 2018 Mar 29, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,589,535   +    2,144   +   99,752 
  Reverse repurchase agreements (11)                                         255,440   +    6,291   -  255,457 
  Deposits                                                          (0)    2,501,342   -   18,820   +   80,633 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,119,005   -   16,063   -  150,980 
    U.S. Treasury, General Account                                           300,355   +    1,382   +  237,254 
    Foreign official                                                           5,254            0   +       90 
    Other (12)                                                      (0)       76,728   -    4,139   -    5,732 
  Deferred availability cash items                                  (0)          603   +      364   -      180 
  Other liabilities and accrued dividends (13)                                 6,117   +    1,007   -      733 
                                                                                                               
Total liabilities                                                   (0)    4,353,037   -    9,014   -   75,986 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,661   -        9   +    1,066 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,161   -        9   -    1,434 

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, March 28, 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                                             1,835          54          48          186         119         269         189         299          29          52         111         190         289
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,324,209      84,251   2,434,919      111,649     125,398     253,357     254,538     181,882      57,662      33,717      61,327     173,110     552,400
    Securities held outright (1)               4,183,642      81,513   2,355,775      108,020     121,322     245,122     246,265     175,959      55,788      32,618      59,334     167,484     534,445
      U.S. Treasury securities                 2,424,883      47,246   1,365,432       62,609      70,319     142,075     142,738     101,987      32,335      18,906      34,390      97,075     309,770
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,424,883      47,246   1,365,432       62,609      70,319     142,075     142,738     101,987      32,335      18,906      34,390      97,075     309,770
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,754,368      34,182     987,870       45,297      50,875     102,789     103,269      73,786      23,394      13,678      24,881      70,233     224,114
    Unamortized premiums on securities held 
      outright (5)                               154,546       3,011      87,024        3,990       4,482       9,055       9,097       6,500       2,061       1,205       2,192       6,187      19,743
    Unamortized discounts on securities     
      held outright (5)                          -13,995        -273      -7,881         -361        -406        -820        -824        -589        -187        -109        -198        -560      -1,788
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             16           0           1            0           0           0           0          12           0           3           0           0           0
  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                      73           0           0            0           0           0          73           0           0           0           0           0           0
  Bank premises                                    2,197         113         444           74         121         197         203         202         109          87         235         220         192
  Central bank liquidity swaps (8)                    79           3          25            4           6          17           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,255         965       7,128        1,196       1,813       4,809       1,298         931         243          94         216         284       3,277
  Other assets (10)                               23,605         493      12,791          608         693       1,590       1,412         997         378         200         402       1,050       2,990
  Interdistrict settlement account                     0  +   12,681  -   50,690   +      174  -    3,511  +   25,742  +    8,414  +   42,692  +      216  +    1,974  +    7,243  +    2,128  -   47,062
                                                                                                                                                                                                         
Total assets                                   4,392,198      99,104   2,411,785      114,448     125,428     287,169     268,305     228,167      59,130      36,406      69,981     178,182     514,092

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, March 28, 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            1,772,880      59,373     601,939      53,788      88,068     123,636     242,042     114,465      52,021      30,702      47,336     139,568     219,942
    Less: Notes held by F.R. Banks               183,345       6,504      48,980       7,068       9,807      13,783      27,346      12,137       5,418       3,759       6,000      17,711      24,831
      Federal Reserve notes, net               1,589,535      52,870     552,959      46,720      78,261     109,853     214,696     102,329      46,603      26,943      41,336     121,856     195,111
  Reverse repurchase agreements (11)             255,440       4,977     143,836       6,595       7,408      14,966      15,036      10,743       3,406       1,992       3,623      10,226      32,631
  Deposits                                     2,501,342      39,396   1,700,071      58,603      36,365     153,197      35,845     113,081       8,392       6,597      24,474      45,325     279,997
    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                           2,119,005      39,365   1,372,325      58,601      36,296     153,043      35,807      58,844       8,387       6,597      24,461      45,290     279,989
    U.S. Treasury, General Account               300,355           0     300,355           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,226           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    76,728          29      22,164           0          66         145          36      54,235           5           0          13          34           2
  Deferred availability cash items                   603           0           0           0           0           0          63           0           0         541           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,383          30         735          35          50          83         112          43          13          13          20          67         182
  Other liabilities and accrued             
     dividends                                     4,735         170       1,871         208         204         587         312         319         129         142         143         220         431
                                                                                                                                                                                                        
Total liabilities                              4,353,037      97,442   2,399,471     112,161     122,287     278,686     266,064     226,515      58,543      36,226      69,595     177,694     508,352
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,661       1,343       9,949       1,861       2,536       6,862       1,808       1,334         479         145         312         395       4,636
  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                  4,392,198      99,104   2,411,785     114,448     125,428     287,169     268,305     228,167      59,130      36,406      69,981     178,182     514,092

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, March 28, 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   
                                                                                          Mar 28, 2018  

Federal Reserve notes outstanding                                                            1,772,880  
  Less: Notes held by F.R. Banks not subject to collateralization                              183,345  
    Federal Reserve notes to be collateralized                                               1,589,535  
Collateral held against Federal Reserve notes                                                1,589,535  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,573,298  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,183,642  
  Less: Face value of securities under reverse repurchase agreements                           252,557  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,931,086  

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.