FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 November 1, 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  Oct 31, 2018 
Federal Reserve Banks                                     Oct 31, 2018 Oct 24, 2018  Nov 1, 2017              

Reserve Bank credit                                         4,121,289   -   15,340   -  299,519    4,100,108  
  Securities held outright (1)                              3,962,219   -   14,010   -  279,235    3,941,797  
    U.S. Treasury securities                                2,290,821   -    3,394   -  173,249    2,270,399  
      Bills (2)                                                    53   -        7   +       53           53  
      Notes and bonds, nominal (2)                          2,153,190   -    3,405   -  182,386    2,132,762  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,131      115,579  
      Inflation compensation (3)                               21,999   +       17   +    2,953       22,005  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,668,989   -   10,616   -  101,638    1,668,989  
  Unamortized premiums on securities held outright (5)        143,331   -      594   -   18,041      143,237  
  Unamortized discounts on securities held outright (5)       -13,551   +       32   +      765      -13,540  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           187   -       15   +       82          230  
    Primary credit                                                 14   -        2   +        6           61  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               173   -       13   +       76          169  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,704            7  
  Float                                                          -352   -      209   +      170         -877  
  Central bank liquidity swaps (8)                                 80            0   +       40           80  
  Other Federal Reserve assets (9)                             29,368   -      543   -    1,596       29,174  
Foreign currency denominated assets (10)                       20,711   -       97   -      182       20,626  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,829   +       14   +      581       49,829  
                                                                                                              
Total factors supplying reserve funds                       4,208,070   -   15,424   -  299,119    4,186,805  

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  Oct 31, 2018 
Federal Reserve Banks                                     Oct 31, 2018 Oct 24, 2018  Nov 1, 2017              

Currency in circulation (11)                                 1,691,432   +    1,601   +  106,017    1,696,031 
Reverse repurchase agreements (12)                             223,760   -    4,127   -  127,548      236,530 
  Foreign official and international accounts                  221,583   -    1,141   -   18,433      231,715 
  Others                                                         2,176   -    2,986   -  109,115        4,815 
Treasury cash holdings                                             230            0   +       13          232 
Deposits with F.R. Banks, other than reserve balances          446,112   +    3,573   +  166,390      438,541 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               373,368   +    3,792   +  179,822      366,596 
  Foreign official                                               5,301   +       45   +      133        5,257 
  Other (13)                                                    67,443   -      264   -   13,565       66,688 
Other liabilities and capital (14)                              44,283   -    1,115   -    3,029       43,929 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,405,817   -       68   +  141,843    2,415,264 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,802,252   -   15,356   -  440,963    1,771,541 

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  Oct 31, 2018 
                                                          Oct 31, 2018 Oct 24, 2018  Nov 1, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,414,455   -   19,802   +   48,697    3,404,618 
  Marketable U.S. Treasury securities (1)                    3,042,515   -   18,145   +    3,940    3,032,247 
  Federal agency debt and mortgage-backed securities (2)       305,424   -    1,636   +   42,924      306,038 
  Other securities (3)                                          66,515   -       22   +    1,831       66,334 
Securities lent to dealers                                      15,620   +      245   -    9,718       18,052 
  Overnight facility (4)                                        15,620   +      245   -    9,718       18,052 
    U.S. Treasury securities                                    15,620   +      245   -    9,718       18,052 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 31, 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                                          199            30             0             0             0           ...           230 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  34,357        45,211       324,193       985,372       264,095       617,170     2,270,399 
  Weekly changes                        +   10,471    -   34,304    +   15,683    -   13,988    -    1,686    +        8    -   23,816 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             2           189        48,702     1,620,096     1,668,989 
  Weekly changes                                 0             0             0    -        5    -      781    -    7,180    -    7,967 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                80             0             0             0             0             0            80 
                                                                                                                                       
Reverse repurchase agreements (4)          236,530             0           ...           ...           ...           ...       236,530 
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   
                                                                                                                      Oct 31, 2018  

Mortgage-backed securities held outright (1)                                                                             1,668,989  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            2,943  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



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   
                                                                                                                      Oct 31, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 31, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 24, 2018  Nov 1, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,737   -        9   -       95  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,071,724   -   32,240   -  312,507  
    Securities held outright (1)                                          3,941,797   -   31,783   -  295,417  
      U.S. Treasury securities                                            2,270,399   -   23,816   -  189,428  
        Bills (2)                                                                53            0   +       53  
        Notes and bonds, nominal (2)                                      2,132,762   -   23,833   -  198,439  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,042  
        Inflation compensation (3)                                           22,005   +       17   +    2,917  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,668,989   -    7,967   -  101,641  
    Unamortized premiums on securities held outright  
    (5)                                                                     143,237   -      485   -   18,037  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,540   +       32   +      770  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       230   -        4   +      178  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,705  
  Items in process of collection                                   (0)          146   +       20   +       80  
  Bank premises                                                               2,210   +       22   +       11  
  Central bank liquidity swaps (8)                                               80            0   +       40  
  Foreign currency denominated assets (9)                                    20,626   -       72   -      239  
  Other assets (10)                                                          26,964   -    1,059   -    1,741  
                                                                                                               
Total assets                                                       (0)    4,139,731   -   33,339   -  316,156  

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       Oct 31, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 24, 2018  Nov 1, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,648,166   +    5,501   +  106,072 
  Reverse repurchase agreements (11)                                         236,530   +   10,593   -   83,406 
  Deposits                                                          (0)    2,210,082   -   49,118   -  336,206 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,771,541   -   53,469   -  509,931 
    U.S. Treasury, General Account                                           366,596   +    5,915   +  184,832 
    Foreign official                                                           5,257   +        1   +       80 
    Other (12)                                                      (0)       66,688   -    1,566   -   11,187 
  Deferred availability cash items                                  (0)        1,022   +      693   +      519 
  Other liabilities and accrued dividends (13)                                 4,833   -    1,010   -    1,017 
                                                                                                               
Total liabilities                                                   (0)    4,100,634   -   33,342   -  314,036 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,271   +        2   +    1,054 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,096   +        2   -    2,121 

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, October 31, 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                                             1,737          46          36          155         118         236         182         288          29          44         108         200         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,071,724      77,762   2,247,783      102,797     115,428     240,938     244,411     218,075      54,284      34,036      64,106     168,356     503,748
    Securities held outright (1)               3,941,797      75,284   2,176,177       99,522     111,751     233,260     236,613     211,114      52,478      32,894      62,053     162,992     487,656
      U.S. Treasury securities                 2,270,399      43,362   1,253,436       57,323      64,367     134,353     136,285     121,598      30,227      18,946      35,741      93,881     280,880
        Bills (2)                                     53           1          29            1           2           3           3           3           1           0           1           2           7
        Notes and bonds (3)                    2,270,346      43,361   1,253,407       57,321      64,365     134,350     136,282     121,595      30,226      18,946      35,741      93,878     280,874
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,668,989      31,876     921,411       42,138      47,316      98,764     100,184      89,387      22,220      13,928      26,274      69,012     206,477
    Unamortized premiums on securities held 
      outright (5)                               143,237       2,736      79,078        3,616       4,061       8,476       8,598       7,671       1,907       1,195       2,255       5,923      17,720
    Unamortized discounts on securities     
      held outright (5)                          -13,540        -259      -7,475         -342        -384        -801        -813        -725        -180        -113        -213        -560      -1,675
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            230           0           3            0           0           2          12          15          79          60          12           0          47
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     146           0           0            0           0           0         145           0           0           0           0           0           0
  Bank premises                                    2,210         108         464           82         117         195         206         195         106          95         233         220         189
  Central bank liquidity swaps (8)                    80           3          25            5           6          17           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,626         877       6,513        1,171       1,664       4,452       1,191         874         297          95         204         255       3,034
  Other assets (10)                               26,964         553      14,461          676         781       1,794       1,621       1,420         456         286         496       1,114       3,305
  Interdistrict settlement account                     0  +    8,279  -    5,577   -    5,087  +    4,753  -   27,719  +   35,066  +    1,206  +    4,535  +    2,292  -    3,870  +   12,079  -   25,955
                                                                                                                                                                                                         
Total assets                                   4,139,731      88,188   2,269,156      100,359     123,649     221,098     284,971     223,225      60,194      37,137      61,737     183,411     486,606

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, October 31, 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            1,849,591      58,382     613,093      54,856      88,602     125,701     263,263     120,856      55,733      31,430      49,849     150,316     237,510
    Less: Notes held by F.R. Banks               201,424       6,483      58,400       7,218       9,408      14,293      30,823      12,955       5,636       3,042       5,869      17,384      29,914
      Federal Reserve notes, net               1,648,166      51,899     554,693      47,638      79,193     111,408     232,440     107,902      50,096      28,388      43,980     132,932     207,597
  Reverse repurchase agreements (11)             236,530       4,517     130,583       5,972       6,706      13,997      14,198      12,668       3,149       1,974       3,724       9,780      29,262
  Deposits                                     2,210,082      29,957   1,569,636      44,286      34,396      86,774      35,560     100,704       6,202       5,557      13,491      39,962     243,558
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,771,541      29,927   1,176,957      44,283      34,315      86,261      35,438      55,990       6,194       5,502      13,293      39,830     243,551
    U.S. Treasury, General Account               366,596           0     366,596           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    66,688          29      20,853           1          77         504         119      44,713           7          55         198         132           2
  Deferred availability cash items                 1,022           0           0           0           0           0         132           0           0         890           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   764          16         377          14          23          26          82          40          15           9          23          49          90
  Other liabilities and accrued             
     dividends                                     4,069         164       1,428         193         204         529         301         272         142         141         141         206         349
                                                                                                                                                                                                        
Total liabilities                              4,100,634      86,554   2,256,716      98,103     120,522     212,734     282,713     221,587      59,605      36,959      61,358     182,928     480,856
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,271       1,343      10,289       1,868       2,576       6,890       1,864       1,349         491         146         312         398       4,745
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,139,731      88,188   2,269,156     100,359     123,649     221,098     284,971     223,225      60,194      37,137      61,737     183,411     486,606

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, October 31, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 31, 2018  

Federal Reserve notes outstanding                                                            1,849,591  
  Less: Notes held by F.R. Banks not subject to collateralization                              201,424  
    Federal Reserve notes to be collateralized                                               1,648,166  
Collateral held against Federal Reserve notes                                                1,648,166  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,631,929  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,941,797  
  Less: Face value of securities under reverse repurchase agreements                           237,688  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,704,108  

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.