FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 19, 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 18, 2018 
Federal Reserve Banks                                     Apr 18, 2018 Apr 11, 2018 Apr 19, 2017              

Reserve Bank credit                                         4,348,539   +    6,362   -   95,112    4,345,288  
  Securities held outright (1)                              4,176,513   +    4,729   -   79,673    4,173,760  
    U.S. Treasury securities                                2,413,097   +       72   -   51,507    2,413,079  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,281,932   +       47   -   57,545    2,281,995  
      Notes and bonds, inflation-indexed (2)                  111,029   -      105   +    3,980      110,907  
      Inflation compensation (3)                               20,136   +      131   +    2,057       20,177  
    Federal agency debt securities (2)                          4,391            0   -    8,509        4,391  
    Mortgage-backed securities (4)                          1,759,025   +    4,657   -   19,656    1,756,290  
  Unamortized premiums on securities held outright (5)        153,963   -      174   -   15,073      153,776  
  Unamortized discounts on securities held outright (5)       -13,992   +       28   +      929      -13,981  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            35   +        5   -        5           43  
    Primary credit                                                  5   +        4   -       10           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                30   +        1   +        5           33  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709   +        1   +        1        1,710  
  Float                                                          -175   +       20   +      180         -288  
  Central bank liquidity swaps (8)                                 82   +        3   +       47           82  
  Other Federal Reserve assets (9)                             30,404   +    1,751   -    1,519       30,185  
Foreign currency denominated assets (10)                       22,154   +       25   +    1,927       22,205  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,594   +       14   +      779       49,594  
                                                                                                              
Total factors supplying reserve funds                       4,436,528   +    6,400   -   92,405    4,433,328  

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 18, 2018 
Federal Reserve Banks                                     Apr 18, 2018 Apr 11, 2018 Apr 19, 2017              

Currency in circulation (11)                                 1,640,479   +      479   +  100,374    1,642,295 
Reverse repurchase agreements (12)                             240,534   -    7,447   -   80,666      247,748 
  Foreign official and international accounts                  235,406   -    8,324   -   19,869      233,727 
  Others                                                         5,128   +      878   -   60,797       14,021 
Treasury cash holdings                                             307   -       12   +       44          298 
Deposits with F.R. Banks, other than reserve balances          368,303   -    7,931   +   92,655      431,175 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               275,246   -   18,837   +  110,703      350,943 
  Foreign official                                               5,254            0   +       48        5,253 
  Other (13)                                                    87,803   +   10,906   -   18,097       74,979 
Other liabilities and capital (14)                              45,515   -      115   -    2,861       44,652 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,295,138   -   15,024   +  109,545    2,366,169 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,141,390   +   21,425   -  201,950    2,067,159 

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 18, 2018 
                                                          Apr 18, 2018 Apr 11, 2018 Apr 19, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,437,043   -   13,174   +  230,816    3,414,373 
  Marketable U.S. Treasury securities (1)                    3,083,169   -   13,598   +  199,156    3,060,861 
  Federal agency debt and mortgage-backed securities (2)       274,252   +      331   +   14,421      273,974 
  Other securities (3)                                          79,622   +       93   +   17,239       79,538 
Securities lent to dealers                                      17,410   -    3,064   -    2,543       12,275 
  Overnight facility (4)                                        17,410   -    3,064   -    2,543       12,275 
    U.S. Treasury securities                                    17,410   -    3,064   -    2,496       12,275 
    Federal agency debt securities                                   0            0   -       47            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 18, 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                                           43             0             0             0             0           ...            43 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  34,346        86,282       289,430     1,079,919       308,229       614,872     2,413,079 
  Weekly changes                        +   34,117    -   33,224    -      940    -      110    +   11,907    -   11,733    +       19 
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            76        36,725     1,719,489     1,756,290 
  Weekly changes                                 0             0             0    +        2    +      115    +    1,805    +    1,921 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                82             0             0             0             0             0            82 
                                                                                                                                       
Reverse repurchase agreements (4)          247,748             0           ...           ...           ...           ...       247,748 
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 18, 2018  

Mortgage-backed securities held outright (1)                                                                             1,756,290  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           10,765  
Commitments to sell mortgage-backed securities (2)                                                                             145  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   23  



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 18, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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 18, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 11, 2018 Apr 19, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,821   -        2   -       67  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,313,598   +    1,706   -   93,814  
    Securities held outright (1)                                          4,173,760   +    1,940   -   79,624  
      U.S. Treasury securities                                            2,413,079   +       19   -   51,559  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,281,995   +      110   -   57,745  
        Notes and bonds, inflation-indexed (2)                              110,907   -      213   +    4,104  
        Inflation compensation (3)                                           20,177   +      122   +    2,082  
      Federal agency debt securities (2)                                      4,391            0   -    7,438  
      Mortgage-backed securities (4)                                      1,756,290   +    1,921   -   20,627  
    Unamortized premiums on securities held outright  
    (5)                                                                     153,776   -      275   -   15,087  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,981   +       28   +      928  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        43   +       13   -       30  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710   +        1   +        2  
  Items in process of collection                                   (0)           65   -       13   -       37  
  Bank premises                                                               2,200   +        1   +        1  
  Central bank liquidity swaps (8)                                               82   +        3   +       47  
  Foreign currency denominated assets (9)                                    22,205   -       43   +    1,947  
  Other assets (10)                                                          27,986   +      567   -    1,447  
                                                                                                               
Total assets                                                       (0)    4,385,903   +    2,219   -   93,367  

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 18, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 11, 2018 Apr 19, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,594,816   +    1,451   +  100,125 
  Reverse repurchase agreements (11)                                         247,748   +    2,544   -  114,405 
  Deposits                                                          (0)    2,498,335   -      675   -   76,265 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,067,159   -   61,685   -  189,511 
    U.S. Treasury, General Account                                           350,943   +   63,139   +  121,458 
    Foreign official                                                           5,253            0   -      202 
    Other (12)                                                      (0)       74,979   -    2,131   -    8,012 
  Deferred availability cash items                                  (0)          353   +       96   -      200 
  Other liabilities and accrued dividends (13)                                 5,407   -    1,199   -    1,273 
                                                                                                               
Total liabilities                                                   (0)    4,346,658   +    2,216   -   92,020 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,745   +        3   +    1,153 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,245   +        3   -    1,347 

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 18, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,821          51          51          185         118         265         184         299          28          52         110         185         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,313,598      82,384   2,381,423      108,908     122,291     255,260     258,930     231,044      57,432      36,007      67,906     178,365     533,650
    Securities held outright (1)               4,173,760      79,714   2,304,239      105,379     118,327     246,987     250,537     223,538      55,567      34,830      65,705     172,584     516,353
      U.S. Treasury securities                 2,413,079      46,087   1,332,207       60,925      68,412     142,797     144,849     129,239      32,126      20,137      37,988      99,780     298,532
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,413,079      46,087   1,332,207       60,925      68,412     142,797     144,849     129,239      32,126      20,137      37,988      99,780     298,532
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,756,290      33,543     969,608       44,343      49,791     103,930     105,424      94,063      23,382      14,656      27,648      72,622     217,278
    Unamortized premiums on securities held 
      outright (5)                               153,776       2,937      84,896        3,883       4,360       9,100       9,231       8,236       2,047       1,283       2,421       6,359      19,024
    Unamortized discounts on securities     
      held outright (5)                          -13,981        -267      -7,718         -353        -396        -827        -839        -749        -186        -117        -220        -578      -1,730
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             43           0           6            0           0           0           1          19           4          10           0           1           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      65           0           0            0           0           0          64           0           0           0           0           0           0
  Bank premises                                    2,200         112         445           73         120         197         203         201         108          95         235         220         191
  Central bank liquidity swaps (8)                    82           4          26            5           7          18           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,205         945       7,001        1,261       1,792       4,796       1,283         941         320         102         220         275       3,268
  Other assets (10)                               27,986         571      14,950          706         806       1,883       1,681       1,476         453         274         510       1,237       3,439
  Interdistrict settlement account                     0  +    4,071  +   46,390   -    1,271  -    5,040  +   21,535  +    3,917  -    8,388  -      189  -      904  -      902  -    5,996  -   53,222
                                                                                                                                                                                                         
Total assets                                   4,385,903      88,698   2,457,438      110,426     120,875     285,139     268,411     226,740      58,637      35,915      68,539     175,474     489,611

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 18, 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            1,778,916      59,844     604,750      53,946      88,359     124,547     244,759     114,387      52,127      30,651      47,358     139,078     219,109
    Less: Notes held by F.R. Banks               184,100       6,343      46,504       7,243      10,223      14,077      28,776      12,686       5,681       3,624       5,948      17,466      25,529
      Federal Reserve notes, net               1,594,816      53,502     558,246      46,703      78,135     110,470     215,983     101,701      46,446      27,027      41,410     121,612     193,581
  Reverse repurchase agreements (11)             247,748       4,732     136,776       6,255       7,024      14,661      14,872      13,269       3,298       2,067       3,900      10,244      30,650
  Deposits                                     2,498,335      28,611   1,747,929      54,957      32,338     150,958      34,840     109,768       8,156       6,200      22,672      42,853     259,053
    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                           2,067,159      28,581   1,371,362      54,955      32,277     150,674      34,805      55,629       8,150       6,200      22,663      42,818     259,045
    U.S. Treasury, General Account               350,943           0     350,943           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,253           2       5,226           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    74,979          28      20,397           0          58         275          32      54,137           6           0           9          35           2
  Deferred availability cash items                   353           0           0           0           0           0          63           0           0         289           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,309          24         710          30          40          48         109          67          22          13          18          69         159
  Other liabilities and accrued             
     dividends                                     4,097         167       1,464         189         196         518         303         282         130         139         142         207         361
                                                                                                                                                                                                        
Total liabilities                              4,346,658      87,036   2,445,125     108,134     117,733     276,655     266,170     225,086      58,053      35,736      68,142     174,986     483,803
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,745       1,343       9,949       1,866       2,537       6,864       1,808       1,336         476         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                  4,385,903      88,698   2,457,438     110,426     120,875     285,139     268,411     226,740      58,637      35,915      68,539     175,474     489,611

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 18, 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 18, 2018  

Federal Reserve notes outstanding                                                            1,778,916  
  Less: Notes held by F.R. Banks not subject to collateralization                              184,100  
    Federal Reserve notes to be collateralized                                               1,594,816  
Collateral held against Federal Reserve notes                                                1,594,816  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,578,579  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,173,760  
  Less: Face value of securities under reverse repurchase agreements                           244,628  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,929,132  

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.