FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 31, 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  May 30, 2018 
Federal Reserve Banks                                     May 30, 2018 May 23, 2018 May 31, 2017              

Reserve Bank credit                                         4,288,757   -   10,212   -  132,225    4,287,126  
  Securities held outright (1)                              4,127,430   -    9,565   -  117,037    4,126,081  
    U.S. Treasury securities                                2,387,082   +       72   -   77,596    2,387,103  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,253,442            0   -   85,909    2,253,442  
      Notes and bonds, inflation-indexed (2)                  112,949            0   +    5,957      112,949  
      Inflation compensation (3)                               20,691   +       73   +    2,356       20,711  
    Federal agency debt securities (2)                          4,391            0   -    4,443        4,391  
    Mortgage-backed securities (4)                          1,735,958   -    9,636   -   34,997    1,734,588  
  Unamortized premiums on securities held outright (5)        151,410   -      615   -   15,759      151,289  
  Unamortized discounts on securities held outright (5)       -13,905   +       31   +      927      -13,896  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           100   +       19   +       45          123  
    Primary credit                                                 19   +        7   +       14           38  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                82   +       13   +       32           85  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713   +        1   +        3        1,712  
  Float                                                          -309   -      135   +      212       -1,012  
  Central bank liquidity swaps (8)                                 63   -       19   +       27           63  
  Other Federal Reserve assets (9)                             22,253   +       68   -      646       22,767  
Foreign currency denominated assets (10)                       21,262   -        1   +      640       21,280  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,629   +       14   +      713       49,629  
                                                                                                              
Total factors supplying reserve funds                       4,375,889   -   10,199   -  130,872    4,374,277  

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  May 30, 2018 
Federal Reserve Banks                                     May 30, 2018 May 23, 2018 May 31, 2017              

Currency in circulation (11)                                 1,659,527   +    5,492   +  104,590    1,661,292 
Reverse repurchase agreements (12)                             244,239   -   10,593   -  185,534      245,554 
  Foreign official and international accounts                  242,596   -    6,292   -    6,627      241,634 
  Others                                                         1,643   -    4,301   -  178,908        3,920 
Treasury cash holdings                                             253   -        8   +       10          245 
Deposits with F.R. Banks, other than reserve balances          406,995   -    2,274   +  154,657      416,366 
  Term deposits held by depository institutions                      0   -    3,686            0            0 
  U.S. Treasury, General Account                               325,351   -    1,094   +  154,367      332,712 
  Foreign official                                               5,255            0   -       47        5,255 
  Other (13)                                                    76,390   +    2,507   +      337       78,398 
Other liabilities and capital (14)                              45,193   -      553   -    2,648       44,934 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,356,208   -    7,935   +   71,075    2,368,390 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,019,681   -    2,265   -  201,947    2,005,886 

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  May 30, 2018 
                                                          May 30, 2018 May 23, 2018 May 31, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,394,432   +   11,977   +  156,909    3,400,291 
  Marketable U.S. Treasury securities (1)                    3,032,436   +    5,501   +  118,718    3,037,303 
  Federal agency debt and mortgage-backed securities (2)       286,598   +    6,565   +   23,990      287,582 
  Other securities (3)                                          75,398   -       89   +   14,202       75,406 
Securities lent to dealers                                      21,110   +      956   -    1,064       19,473 
  Overnight facility (4)                                        21,110   +      956   -    1,064       19,473 
    U.S. Treasury securities                                    21,110   +      956   -    1,053       19,473 
    Federal agency debt securities                                   0            0   -       11            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, May 30, 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                                          103            21             0             0             0           ...           123 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  28,479        84,952       306,289     1,059,169       288,986       619,228     2,387,103 
  Weekly changes                                 0    +        1    +        1    +    7,151    -    7,118    +       33    +       68 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,982             0            62             0             0         2,347         4,391 
  Weekly changes                        +    1,982    -    1,982             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           140        39,138     1,695,309     1,734,588 
  Weekly changes                                 0             0             0    -        2    -      685    -    8,905    -    9,591 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                63             0             0             0             0             0            63 
                                                                                                                                       
Reverse repurchase agreements (4)          245,554             0           ...           ...           ...           ...       245,554 
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   
                                                                                                                      May 30, 2018  

Mortgage-backed securities held outright (1)                                                                             1,734,588  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,469  
Commitments to sell mortgage-backed securities (2)                                                                             120  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   10  



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   
                                                                                                                      May 30, 2018  

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       May 30, 2018   Wednesday    Wednesday  
                                                        consolidation                May 23, 2018 May 31, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,775   -       22   -       16  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,263,598   -   10,024   -  133,182  
    Securities held outright (1)                                          4,126,081   -    9,524   -  118,406  
      U.S. Treasury securities                                            2,387,103   +       68   -   77,593  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,253,442            0   -   84,774  
        Notes and bonds, inflation-indexed (2)                              112,949            0   +    4,823  
        Inflation compensation (3)                                           20,711   +       68   +    2,358  
      Federal agency debt securities (2)                                      4,391            0   -    4,443  
      Mortgage-backed securities (4)                                      1,734,588   -    9,591   -   36,370  
    Unamortized premiums on securities held outright  
    (5)                                                                     151,289   -      548   -   15,793  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,896   +       30   +      960  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       123   +       17   +       56  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712   -        1   +        3  
  Items in process of collection                                   (0)           87   +        4   -       12  
  Bank premises                                                               2,193   -        3   -       16  
  Central bank liquidity swaps (8)                                               63   -       19   +       28  
  Foreign currency denominated assets (9)                                    21,280   +       47   +      563  
  Other assets (10)                                                          20,574   +      235   +      237  
                                                                                                               
Total assets                                                       (0)    4,327,519   -    9,782   -  132,395  

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       May 30, 2018   Wednesday    Wednesday  
                                                        consolidation                May 23, 2018 May 31, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,613,679   +    4,548   +  104,054 
  Reverse repurchase agreements (11)                                         245,554   -    1,911   -  256,605 
  Deposits                                                          (0)    2,422,253   -   12,875   +   22,320 
    Term deposits held by depository institutions                                  0   -    3,686            0 
    Other deposits held by depository institutions                         2,005,887   -   34,658   -  123,719 
    U.S. Treasury, General Account                                           332,712   +   20,543   +  142,881 
    Foreign official                                                           5,255            0   +       77 
    Other (12)                                                      (0)       78,398   +    4,924   +    3,081 
  Deferred availability cash items                                  (0)        1,100   +      838   -       40 
  Other liabilities and accrued dividends (13)                                 5,472   -      531   -      779 
                                                                                                               
Total liabilities                                                   (0)    4,288,057   -    9,932   -  131,051 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,962   +      149   +    1,156 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,462   +      149   -    1,344 

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, May 30, 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                                             1,775          46          53          176         114         254         178         291          24          47         102         180         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,263,598      81,428   2,353,769      107,644     120,871     252,296     255,961     228,367      56,796      35,596      67,121     176,294     527,456
    Securities held outright (1)               4,126,081      78,804   2,277,917      104,175     116,976     244,166     247,675     220,984      54,932      34,432      64,954     170,613     510,455
      U.S. Treasury securities                 2,387,103      45,591   1,317,866       60,269      67,675     141,259     143,290     127,848      31,780      19,920      37,579      98,706     295,318
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,387,103      45,591   1,317,866       60,269      67,675     141,259     143,290     127,848      31,780      19,920      37,579      98,706     295,318
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,734,588      33,129     957,627       43,795      49,176     102,646     104,122      92,901      23,093      14,475      27,307      71,725     214,593
    Unamortized premiums on securities held 
      outright (5)                               151,289       2,889      83,523        3,820       4,289       8,953       9,081       8,103       2,014       1,263       2,382       6,256      18,717
    Unamortized discounts on securities     
      held outright (5)                          -13,896        -265      -7,671         -351        -394        -822        -834        -744        -185        -116        -219        -575      -1,719
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            123           0           1            0           0           0          38          24          35          17           4           0           4
  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                      87           0           0            0           0           0          87           0           0           1           0           0           0
  Bank premises                                    2,193         110         445           74         120         196         202         199         108          95         234         220         190
  Central bank liquidity swaps (8)                    63           3          20            4           5          14           4           3           1           0           1           1           9
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,280         905       6,709        1,209       1,717       4,597       1,230         902         307          98         211         263       3,132
  Other assets (10)                               20,574         418      10,779          512         585       1,445       1,223       1,071         469         221         379         962       2,511
  Interdistrict settlement account                     0  +    3,450  +   56,970   -    5,556  -      131  +   11,426  +   15,010  -    6,393  -    2,029  -      461  -    8,214  -    8,622  -   55,450
                                                                                                                                                                                                         
Total assets                                   4,327,519      86,920   2,435,900      104,622     124,061     271,413     276,038     225,603      56,159      35,885      60,293     170,485     480,138

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, May 30, 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            1,784,971      59,287     605,428      54,221      87,747     125,663     252,742     113,519      52,053      30,383      47,142     138,509     218,277
    Less: Notes held by F.R. Banks               171,292       6,097      43,641       6,739       9,257      13,634      26,292      11,719       5,273       3,147       5,619      16,024      23,850
      Federal Reserve notes, net               1,613,679      53,189     561,787      47,482      78,491     112,029     226,450     101,801      46,780      27,236      41,523     122,485     194,427
  Reverse repurchase agreements (11)             245,554       4,690     135,565       6,200       6,962      14,531      14,740      13,151       3,269       2,049       3,866      10,154      30,378
  Deposits                                     2,422,253      27,183   1,723,927      48,420      35,203     135,722      32,066     108,648       5,371       5,269      14,359      37,086     249,000
    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                           2,005,887      27,152   1,360,439      48,418      35,137     135,502      32,030      56,184       5,365       5,268      14,349      37,050     248,992
    U.S. Treasury, General Account               332,712           0     332,712           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,255           2       5,228           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    78,398          29      25,548           0          62         211          34      52,463           5           0          10          35           1
  Deferred availability cash items                 1,100           0           0           0           0           0         102           0           0         998           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,201          24         598          31          45          68         100          63          14          12          23          64         158
  Other liabilities and accrued             
     dividends                                     4,271         172       1,559         195         203         558         316         285         129         142         139         208         366
                                                                                                                                                                                                        
Total liabilities                              4,288,057      85,258   2,423,435     102,328     120,903     262,908     273,773     223,948      55,563      35,706      59,909     169,997     474,329
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,962       1,343      10,101       1,868       2,553       6,885       1,832       1,338         488         145         310         396       4,705
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,327,519      86,920   2,435,900     104,622     124,061     271,413     276,038     225,603      56,159      35,885      60,293     170,485     480,138

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, May 30, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 30, 2018  

Federal Reserve notes outstanding                                                            1,784,971  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,292  
    Federal Reserve notes to be collateralized                                               1,613,679  
Collateral held against Federal Reserve notes                                                1,613,679  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,597,442  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,126,081  
  Less: Face value of securities under reverse repurchase agreements                           243,012  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,883,070  

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.