FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                      May 3, 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 2, 2018 
Federal Reserve Banks                                      May 2, 2018 Apr 25, 2018  May 3, 2017              

Reserve Bank credit                                         4,325,731   -   17,737   -  106,112    4,316,168  
  Securities held outright (1)                              4,155,002   -   16,754   -   90,621    4,144,823  
    U.S. Treasury securities                                2,405,640   -    7,527   -   59,139    2,395,460  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,273,456   -    8,539   -   66,284    2,262,072  
      Notes and bonds, inflation-indexed (2)                  111,782   +      875   +    4,979      112,949  
      Inflation compensation (3)                               20,401   +      136   +    2,165       20,439  
    Federal agency debt securities (2)                          4,391            0   -    7,438        4,391  
    Mortgage-backed securities (4)                          1,744,972   -    9,226   -   24,043    1,744,972  
  Unamortized premiums on securities held outright (5)        152,873   -      580   -   15,228      152,775  
  Unamortized discounts on securities held outright (5)       -13,920   +       42   +      939      -13,936  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           125   +       62   +       68          221  
    Primary credit                                                 68   +       44   +       43          160  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                57   +       18   +       25           61  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,714   +        3   +        5        1,714  
  Float                                                          -633   -      462   +      142         -250  
  Central bank liquidity swaps (8)                                117   +       35   +       82          117  
  Other Federal Reserve assets (9)                             30,453   -       82   -    1,499       30,704  
Foreign currency denominated assets (10)                       21,705   -      293   +    1,430       21,574  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,622   +       14   +      774       49,622  
                                                                                                              
Total factors supplying reserve funds                       4,413,300   -   18,014   -  103,907    4,403,606  

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 2, 2018 
Federal Reserve Banks                                      May 2, 2018 Apr 25, 2018  May 3, 2017              

Currency in circulation (11)                                 1,643,659   +    1,865   +  100,224    1,646,124 
Reverse repurchase agreements (12)                             248,184   +    2,050   -  167,715      256,172 
  Foreign official and international accounts                  242,937   +    7,361   -      609      249,652 
  Others                                                         5,246   -    5,312   -  167,107        6,520 
Treasury cash holdings                                             289   -        8   +       32          282 
Deposits with F.R. Banks, other than reserve balances          482,132   +   37,092   +  146,003      464,660 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               399,984   +   40,385   +  155,329      384,961 
  Foreign official                                               5,254            0   +       82        5,254 
  Other (13)                                                    76,894   -    3,294   -    9,409       74,445 
Other liabilities and capital (14)                              44,453   -    1,006   -    3,047       44,545 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,418,716   +   39,992   +   75,496    2,411,783 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,994,584   -   58,006   -  179,403    1,991,823 

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 2, 2018 
                                                           May 2, 2018 Apr 25, 2018  May 3, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,407,543   -    4,235   +  192,223    3,400,597 
  Marketable U.S. Treasury securities (1)                    3,055,022   -    3,682   +  156,088    3,048,217 
  Federal agency debt and mortgage-backed securities (2)       275,165   +      971   +   19,828      275,585 
  Other securities (3)                                          77,355   -    1,525   +   16,305       76,796 
Securities lent to dealers                                      19,964   +    3,036   -    1,498       23,071 
  Overnight facility (4)                                        19,964   +    3,036   -    1,498       23,071 
    U.S. Treasury securities                                    19,964   +    3,036   -    1,466       23,071 
    Federal agency debt securities                                   0            0   -       32            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 2, 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                                          161            59             0             0             0           ...           221 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  26,228        90,359       290,878     1,068,418       304,579       614,998     2,395,460 
  Weekly changes                        -    8,118    +    4,075    +    1,446    -   11,520    -    3,698    +       57    -   17,758 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,982            62             0             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1            79        36,089     1,708,804     1,744,972 
  Weekly changes                                 0             0             0    +        5    -        5    +        5    +        5 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               117             0             0             0             0             0           117 
                                                                                                                                       
Reverse repurchase agreements (4)          256,172             0           ...           ...           ...           ...       256,172 
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 2, 2018  

Mortgage-backed securities held outright (1)                                                                             1,744,972  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           11,342  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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 2, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,714  
                                                                                                                                    
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 2, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 25, 2018  May 3, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,819   +        4   -       59  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,283,883   -   17,903   -  114,949  
    Securities held outright (1)                                          4,144,823   -   17,753   -  100,813  
      U.S. Treasury securities                                            2,395,460   -   17,758   -   69,332  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,262,072   -   19,923   -   77,668  
        Notes and bonds, inflation-indexed (2)                              112,949   +    2,042   +    6,146  
        Inflation compensation (3)                                           20,439   +      123   +    2,190  
      Federal agency debt securities (2)                                      4,391            0   -    7,438  
      Mortgage-backed securities (4)                                      1,744,972   +        5   -   24,043  
    Unamortized premiums on securities held outright  
    (5)                                                                     152,775   -      298   -   15,217  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,936   +       14   +      924  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       221   +      134   +      158  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,714            0   +        5  
  Items in process of collection                                   (0)           79   +        6   -       34  
  Bank premises                                                               2,194   -        7   -        5  
  Central bank liquidity swaps (8)                                              117   +       35   +       82  
  Foreign currency denominated assets (9)                                    21,574   -      245   +    1,335  
  Other assets (10)                                                          28,510   +    1,351   -    1,495  
                                                                                                               
Total assets                                                       (0)    4,356,129   -   16,757   -  115,117  

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 2, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 25, 2018  May 3, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,598,599   +    2,771   +   99,066 
  Reverse repurchase agreements (11)                                         256,172   +   17,758   -  176,448 
  Deposits                                                          (0)    2,456,482   -   37,239   -   34,752 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,991,823   -   19,125   -  208,998 
    U.S. Treasury, General Account                                           384,961   -   18,106   +  181,553 
    Foreign official                                                           5,254            0   +       54 
    Other (12)                                                      (0)       74,445   -        7   -    7,360 
  Deferred availability cash items                                  (0)          330   +      121   -      273 
  Other liabilities and accrued dividends (13)                                 5,283   -      178   -    1,281 
                                                                                                               
Total liabilities                                                   (0)    4,316,866   -   16,768   -  113,687 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,762   +        9   +    1,069 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,262   +        9   -    1,431 

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 2, 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                                             1,819          50          54          181         116         264         187         297          28          52         109         185         296
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,283,883      81,813   2,364,914      108,153     121,443     253,491     257,134     229,519      57,050      35,760      67,435     177,129     530,041
    Securities held outright (1)               4,144,823      79,162   2,288,264      104,648     117,507     245,275     248,800     221,988      55,181      34,588      65,249     171,388     512,773
      U.S. Treasury securities                 2,395,460      45,751   1,322,480       60,480      67,912     141,754     143,792     128,296      31,891      19,990      37,710      99,052     296,352
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,395,460      45,751   1,322,480       60,480      67,912     141,754     143,792     128,296      31,891      19,990      37,710      99,052     296,352
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,744,972      33,327     963,360       44,057      49,471     103,261     104,745      93,457      23,231      14,562      27,470      72,154     215,878
    Unamortized premiums on securities held 
      outright (5)                               152,775       2,918      84,344        3,857       4,331       9,041       9,171       8,182       2,034       1,275       2,405       6,317      18,900
    Unamortized discounts on securities     
      held outright (5)                          -13,936        -266      -7,694         -352        -395        -825        -837        -746        -186        -116        -219        -576      -1,724
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            221           0           0            0           0           0           0          95          21          13           0           0          92
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,714           0       1,714            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      79           0           0            0           0           0          78           0           0           1           0           0           0
  Bank premises                                    2,194         111         445           74         120         196         202         200         108          95         234         220         190
  Central bank liquidity swaps (8)                   117           5          37            7           9          25           7           5           2           1           1           1          17
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,574         917       6,820        1,224       1,739       4,655       1,245         913         311          99         214         267       3,171
  Other assets (10)                               28,510         579      15,278          718         823       1,908       1,710       1,503         480         309         520       1,187       3,497
  Interdistrict settlement account                     0  -    1,572  +   90,317   -    5,339  -    4,039  +    4,588  +    8,312  -   17,185  -    1,558  -    1,635  -    4,801  -    2,108  -   64,979
                                                                                                                                                                                                         
Total assets                                   4,356,129      82,463   2,485,021      105,578     120,992     266,312     271,021     216,416      56,904      34,969      64,171     178,068     474,213

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 2, 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            1,781,342      59,621     605,204      53,913      88,025     125,605     247,021     114,071      52,111      30,526      47,276     138,945     219,024
    Less: Notes held by F.R. Banks               182,743       6,252      46,706       7,341       9,781      14,131      29,448      12,759       5,574       3,471       5,898      16,879      24,503
      Federal Reserve notes, net               1,598,599      53,368     558,498      46,571      78,244     111,475     217,572     101,312      46,537      27,055      41,378     122,066     194,521
  Reverse repurchase agreements (11)             256,172       4,893     141,427       6,468       7,263      15,159      15,377      13,720       3,411       2,138       4,033      10,593      31,692
  Deposits                                     2,456,482      22,361   1,770,613      50,040      32,121     130,681      35,331      99,389       6,209       5,199      18,195      44,642     241,702
    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                           1,991,823      22,330   1,358,934      50,038      32,063     130,384      35,294      46,887       6,204       5,198      18,185      44,611     241,695
    U.S. Treasury, General Account               384,961           0     384,961           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    74,445          29      21,491           0          55         289          35      52,500           4           0          10          30           1
  Deferred availability cash items                   330           0           0           0           0           0          82           0           0         247           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,297          22         700          23          31          -3         122          73          34          16          36          78         164
  Other liabilities and accrued             
     dividends                                     3,986         156       1,470         183         192         504         288         267         133         135         131         201         326
                                                                                                                                                                                                        
Total liabilities                              4,316,866      80,801   2,472,708     103,285     117,850     257,816     268,773     214,762      56,324      34,790      63,773     177,579     468,405
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,762       1,343       9,950       1,866       2,536       6,875       1,814       1,336         473         145         324         396       4,704
  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                  4,356,129      82,463   2,485,021     105,578     120,992     266,312     271,021     216,416      56,904      34,969      64,171     178,068     474,213

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 2, 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 2, 2018  

Federal Reserve notes outstanding                                                            1,781,342  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,743  
    Federal Reserve notes to be collateralized                                               1,598,599  
Collateral held against Federal Reserve notes                                                1,598,599  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,582,362  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,144,823  
  Less: Face value of securities under reverse repurchase agreements                           252,305  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,892,519  

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.