FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 November 2, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Nov 1, 2017 
Federal Reserve Banks                                      Nov 1, 2017 Oct 25, 2017  Nov 2, 2016              

Reserve Bank credit                                         4,420,808   -    6,812   +    8,051    4,416,450  
  Securities held outright (1)                              4,241,454   -    6,199   +   23,555    4,237,214  
    U.S. Treasury securities                                2,464,070   -    1,626   +      506    2,459,827  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,335,576   -    1,750   -    5,271    2,331,201  
      Notes and bonds, inflation-indexed (2)                  109,448   +       36   +    4,095      109,537  
      Inflation compensation (3)                               19,046   +       89   +    1,682       19,088  
    Federal agency debt securities (2)                          6,757            0   -   11,736        6,757  
    Mortgage-backed securities (4)                          1,770,627   -    4,573   +   34,784    1,770,630  
  Unamortized premiums on securities held outright (5)        161,372   -      378   -   14,464      161,274  
  Unamortized discounts on securities held outright (5)       -14,316   +       30   +      999      -14,310  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           105   -       39   +       47           52  
    Primary credit                                                  8   +        2   +        4            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                97   -       40   +       44           51  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711   +        5   +        5        1,712  
  Float                                                          -522   -      270   +      313         -436  
  Central bank liquidity swaps (8)                                 40   +        3   -      975           40  
  Other Federal Reserve assets (9)                             30,964   +       35   -    1,429       30,904  
Foreign currency denominated assets (10)                       20,893   -      196   -       23       20,865  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,216   +       14   +      781       49,216  
                                                                                                              
Total factors supplying reserve funds                       4,507,157   -    6,995   +    8,808    4,502,772  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Nov 1, 2017 
Federal Reserve Banks                                      Nov 1, 2017 Oct 25, 2017  Nov 2, 2016              

Currency in circulation (11)                                 1,585,383   +    1,828   +  106,017    1,589,253 
Reverse repurchase agreements (12)                             351,308   +   14,690   -   43,823      319,936 
  Foreign official and international accounts                  240,016   +    7,626   +      311      232,771 
  Others                                                       111,291   +    7,063   -   44,135       87,165 
Treasury cash holdings                                             217   +        1   +       35          230 
Deposits with F.R. Banks, other than reserve balances          279,722   -   21,932   -  189,368      264,815 
  Term deposits held by depository institutions                      0   -   14,140            0            0 
  U.S. Treasury, General Account                               193,546   -    2,786   -  224,119      181,764 
  Foreign official                                               5,168   -       40   -        5        5,177 
  Other (13)                                                    81,008   -    4,965   +   34,755       77,875 
Other liabilities and capital (14)                              47,312   -      966   +      719       47,067 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,263,942   -    6,377   -  126,420    2,221,300 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,243,215   -      617   +  135,228    2,281,472 

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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Nov 1, 2017 
                                                           Nov 1, 2017 Oct 25, 2017  Nov 2, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,365,758   +      973   +  245,417    3,372,457 
  Marketable U.S. Treasury securities (1)                    3,038,575   +      143   +  237,938    3,045,005 
  Federal agency debt and mortgage-backed securities (2)       262,500   +      721   +    3,083      262,651 
  Other securities (3)                                          64,684   +      110   +    4,398       64,802 
Securities lent to dealers                                      25,338   +    1,279   +    3,957       28,467 
  Overnight facility (4)                                        25,338   +    1,279   +    3,957       28,467 
    U.S. Treasury securities                                    25,338   +    1,279   +    3,982       28,467 
    Federal agency debt securities                                   0            0   -       25            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 1, 2017    

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                                            5            47             0             0             0           ...            52 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,043        28,456       345,643     1,111,513       329,644       633,529     2,459,827 
  Weekly changes                        +    2,342    -   11,040    +   23,834    -   21,922    +      703    +      184    -    5,900 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           132        17,077     1,753,420     1,770,630 
  Weekly changes                                 0             0             0             0             0    +       67    +       67 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                40             0             0             0             0             0            40 
                                                                                                                                       
Reverse repurchase agreements (4)          319,936             0           ...           ...           ...           ...       319,936 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Nov 1, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,630  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           22,530  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Nov 1, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
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        Nov 1, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 25, 2017  Nov 2, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,832   -        7   -       52  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,384,231   -    6,173   +    5,856  
    Securities held outright (1)                                          4,237,214   -    5,834   +   19,289  
      U.S. Treasury securities                                            2,459,827   -    5,900   -    3,759  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,331,201   -    6,125   -    9,473  
        Notes and bonds, inflation-indexed (2)                              109,537   +      125   +    4,011  
        Inflation compensation (3)                                           19,088   +       99   +    1,703  
      Federal agency debt securities (2)                                      6,757            0   -   11,736  
      Mortgage-backed securities (4)                                      1,770,630   +       67   +   34,783  
    Unamortized premiums on securities held outright  
    (5)                                                                     161,274   -      266   -   14,434  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,310   +       23   +      984  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        52   -       97   +       17  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712   +        1   +        4  
  Items in process of collection                                   (0)           66   +       12   -        9  
  Bank premises                                                               2,199   -        2            0  
  Central bank liquidity swaps (8)                                               40   +        3   -      975  
  Foreign currency denominated assets (9)                                    20,865   -      229   -      442  
  Other assets (10)                                                          28,705   +    1,166   -    1,583  
                                                                                                               
Total assets                                                       (0)    4,455,887   -    5,230   +    2,800  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Nov 1, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 25, 2017  Nov 2, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,542,094   +    5,218   +  103,759 
  Reverse repurchase agreements (11)                                         319,936   -   27,967   -   95,002 
  Deposits                                                          (0)    2,546,288   +   17,769   -    5,894 
    Term deposits held by depository institutions                                  0   -   14,140            0 
    Other deposits held by depository institutions                         2,281,472   +   39,854   +  144,263 
    U.S. Treasury, General Account                                           181,764   -    3,328   -  190,130 
    Foreign official                                                           5,177   +       11   +        5 
    Other (12)                                                      (0)       77,875   -    4,628   +   39,968 
  Deferred availability cash items                                  (0)          503   +      185   -        1 
  Other liabilities and accrued dividends (13)                                 5,850   -      425   -    1,089 
                                                                                                               
Total liabilities                                                   (0)    4,414,670   -    5,221   +    1,772 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,217   -       10   +    1,029 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,217   -       10   +    1,029 

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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, November 1, 2017
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                                             1,832          46          51          178         134         269         196         290          31          51         103         187         297
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,384,231      85,420   2,468,695      113,198     127,137     256,871     258,069     184,399      58,468      34,201      62,193     175,516     560,063
    Securities held outright (1)               4,237,214      82,557   2,385,941      109,403     122,875     248,261     249,418     178,212      56,502      33,035      60,094     169,628     541,288
      U.S. Treasury securities                 2,459,827      47,927   1,385,108       63,512      71,333     144,123     144,794     103,457      32,801      19,178      34,886      98,474     314,234
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,827      47,927   1,385,108       63,512      71,333     144,123     144,794     103,457      32,801      19,178      34,886      98,474     314,234
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,770,630      34,498     997,028       45,717      51,347     103,742     104,226      74,470      23,611      13,805      25,112      70,884     226,191
    Unamortized premiums on securities held 
      outright (5)                               161,274       3,142      90,812        4,164       4,677       9,449       9,493       6,783       2,151       1,257       2,287       6,456      20,602
    Unamortized discounts on securities     
      held outright (5)                          -14,310        -279      -8,058         -369        -415        -838        -842        -602        -191        -112        -203        -573      -1,828
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             52           0           0            0           0           0           0           6           6          20          15           4           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      66           0           0            0           0           0          66           0           0           1           0           0           0
  Bank premises                                    2,199         116         441           72         124         197         203         202         110          88         236         219         192
  Central bank liquidity swaps (8)                    40           2          13            2           3           9           2           2           0           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,865         904       6,683        1,122       1,700       4,509       1,217         873         228          88         203         267       3,072
  Other assets (10)                               28,705         609      15,731          738         845       1,856       1,716       1,209         480         244         480       1,151       3,647
  Interdistrict settlement account                     0  -    2,749  -   49,110   +      758  -    4,022  -    1,354  +    3,996  +   54,102  -      329  +    2,763  +    5,910  +    8,068  -   18,032
                                                                                                                                                                                                         
Total assets                                   4,455,887      84,893   2,449,625      116,625     126,710     263,545     267,638     242,238      59,479      37,717      69,570     186,606     551,240

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 1, 2017 (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            1,728,586      56,269     568,866      54,829      84,717     120,745     232,707     116,662      52,126      31,192      48,172     142,006     220,295
    Less: Notes held by F.R. Banks               186,492       6,687      51,111       6,563       9,682      13,803      26,268      11,830       5,461       3,303       5,488      18,227      28,068
      Federal Reserve notes, net               1,542,094      49,582     517,754      48,266      75,035     106,942     206,439     104,833      46,665      27,889      42,684     123,778     192,228
  Reverse repurchase agreements (11)             319,936       6,234     180,153       8,261       9,278      18,745      18,833      13,456       4,266       2,494       4,537      12,808      40,871
  Deposits                                     2,546,288      27,132   1,735,924      57,565      38,816     128,453      39,510     121,882       7,889       6,562      21,790      49,234     311,530
    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                           2,281,472      27,125   1,529,919      57,563      38,813     128,136      39,501      63,423       7,885       6,562      21,789      49,233     311,523
    U.S. Treasury, General Account               181,764           0     181,764           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,177           2       5,150           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    77,875           5      19,092           0           0         308           7      58,458           3           0           1           0           1
  Deferred availability cash items                   503           0           0           0           0           0          63           0           0         439           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,367          34         737          29          33          79         111          54          21          14          19          70         166
  Other liabilities and accrued             
     dividends                                     4,482         142       1,971         184         199         460         305         264         144         133         131         198         351
                                                                                                                                                                                                        
Total liabilities                              4,414,670      83,123   2,436,539     114,305     123,361     254,679     265,260     240,489      58,986      37,532      69,162     186,089     545,145
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,217       1,336       9,884       1,783       2,535       6,705       1,794       1,330         384         143         311         390       4,622
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,455,887      84,893   2,449,625     116,625     126,710     263,545     267,638     242,238      59,479      37,717      69,570     186,606     551,240

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 1, 2017 (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, and designated financial market utilities. 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 $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Nov 1, 2017  

Federal Reserve notes outstanding                                                            1,728,586  
  Less: Notes held by F.R. Banks not subject to collateralization                              186,492  
    Federal Reserve notes to be collateralized                                               1,542,094  
Collateral held against Federal Reserve notes                                                1,542,094  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,525,857  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,214  
  Less: Face value of securities under reverse repurchase agreements                           307,429  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,929,785  

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.