FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 26, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Apr 25, 2018 
Federal Reserve Banks                                     Apr 25, 2018 Apr 18, 2018 Apr 26, 2017              

Reserve Bank credit                                         4,343,468   -    5,071   -   96,234    4,332,805  
  Securities held outright (1)                              4,171,756   -    4,757   -   81,032    4,162,576  
    U.S. Treasury securities                                2,413,167   +       70   -   51,529    2,413,218  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,281,995   +       63   -   57,745    2,281,995  
      Notes and bonds, inflation-indexed (2)                  110,907   -      122   +    4,104      110,907  
      Inflation compensation (3)                               20,265   +      129   +    2,112       20,316  
    Federal agency debt securities (2)                          4,391            0   -    7,438        4,391  
    Mortgage-backed securities (4)                          1,754,198   -    4,827   -   22,065    1,744,967  
  Unamortized premiums on securities held outright (5)        153,453   -      510   -   15,159      153,073  
  Unamortized discounts on securities held outright (5)       -13,962   +       30   +      925      -13,950  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            63   +       28   +       27           87  
    Primary credit                                                 24   +       19   +       19           34  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                39   +        9   +        8           53  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711   +        2   +        3        1,714  
  Float                                                          -171   +        4   +       94         -136  
  Central bank liquidity swaps (8)                                 82            0   +        2           82  
  Other Federal Reserve assets (9)                             30,535   +      131   -    1,097       29,359  
Foreign currency denominated assets (10)                       21,998   -      156   +    1,714       21,819  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,608   +       14   +      776       49,608  
                                                                                                              
Total factors supplying reserve funds                       4,431,314   -    5,214   -   93,745    4,420,473  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Apr 25, 2018 
Federal Reserve Banks                                     Apr 25, 2018 Apr 18, 2018 Apr 26, 2017              

Currency in circulation (11)                                 1,641,794   +    1,315   +  101,007    1,643,335 
Reverse repurchase agreements (12)                             246,134   +    5,600   -  123,771      238,414 
  Foreign official and international accounts                  235,576   +      170   -    6,296      234,844 
  Others                                                        10,558   +    5,430   -  117,476        3,570 
Treasury cash holdings                                             297   -       10   +       43          290 
Deposits with F.R. Banks, other than reserve balances          445,040   +   76,737   +  118,364      482,773 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               359,599   +   84,353   +  125,380      403,067 
  Foreign official                                               5,254            0   +       89        5,254 
  Other (13)                                                    80,188   -    7,615   -    7,104       74,452 
Other liabilities and capital (14)                              45,459   -       56   -    2,937       44,714 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,378,724   +   83,586   +   92,706    2,409,526 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,052,590   -   88,800   -  186,451    2,010,948 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Apr 25, 2018 
                                                          Apr 25, 2018 Apr 18, 2018 Apr 26, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,411,778   -   25,265   +  201,024    3,413,842 
  Marketable U.S. Treasury securities (1)                    3,058,704   -   24,465   +  164,199    3,061,976 
  Federal agency debt and mortgage-backed securities (2)       274,194   -       58   +   19,207      273,588 
  Other securities (3)                                          78,880   -      742   +   17,619       78,278 
Securities lent to dealers                                      16,928   -      482   -    2,127       17,227 
  Overnight facility (4)                                        16,928   -      482   -    2,127       17,227 
    U.S. Treasury securities                                    16,928   -      482   -    2,087       17,227 
    Federal agency debt securities                                   0            0   -       40            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 25, 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                                           76            11             0             0             0           ...            87 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  34,346        86,284       289,432     1,079,938       308,277       614,941     2,413,218 
  Weekly changes                                 0    +        2    +        2    +       19    +       48    +       69    +      139 
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            74        36,094     1,708,799     1,744,967 
  Weekly changes                                 0             0             0    -        2    -      631    -   10,690    -   11,323 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                82             0             0             0             0             0            82 
                                                                                                                                       
Reverse repurchase agreements (4)          238,414             0           ...           ...           ...           ...       238,414 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Apr 25, 2018  

Mortgage-backed securities held outright (1)                                                                             1,744,967  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,263  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   19  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Apr 25, 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       Apr 25, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 18, 2018 Apr 26, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,815   -        6   -       68  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,301,786   -   11,812   -   97,246  
    Securities held outright (1)                                          4,162,576   -   11,184   -   82,996  
      U.S. Treasury securities                                            2,413,218   +      139   -   51,512  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,281,995            0   -   57,745  
        Notes and bonds, inflation-indexed (2)                              110,907            0   +    4,104  
        Inflation compensation (3)                                           20,316   +      139   +    2,129  
      Federal agency debt securities (2)                                      4,391            0   -    7,438  
      Mortgage-backed securities (4)                                      1,744,967   -   11,323   -   24,046  
    Unamortized premiums on securities held outright  
    (5)                                                                     153,073   -      703   -   15,212  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,950   +       31   +      919  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        87   +       44   +       43  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,714   +        4   +        5  
  Items in process of collection                                   (0)           73   +        8   -       11  
  Bank premises                                                               2,201   +        1   +        2  
  Central bank liquidity swaps (8)                                               82            0   +        2  
  Foreign currency denominated assets (9)                                    21,819   -      386   +    1,571  
  Other assets (10)                                                          27,159   -      827   -    1,510  
                                                                                                               
Total assets                                                       (0)    4,372,886   -   13,017   -   97,256  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Apr 25, 2018   Wednesday    Wednesday  
                                                        consolidation                Apr 18, 2018 Apr 26, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,595,828   +    1,012   +   99,750 
  Reverse repurchase agreements (11)                                         238,414   -    9,334   -  124,659 
  Deposits                                                          (0)    2,493,721   -    4,614   -   69,739 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,010,948   -   56,211   -  189,723 
    U.S. Treasury, General Account                                           403,067   +   52,124   +  132,222 
    Foreign official                                                           5,254   +        1   +       90 
    Other (12)                                                      (0)       74,452   -      527   -   12,328 
  Deferred availability cash items                                  (0)          209   -      144   -      295 
  Other liabilities and accrued dividends (13)                                 5,461   +       54   -      940 
                                                                                                               
Total liabilities                                                   (0)    4,333,634   -   13,024   -   95,883 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,753   +        8   +    1,128 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,253   +        8   -    1,372 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, April 25, 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                                             1,815          51          53          183         116         264         184         297          27          52         108         184         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,301,786      82,158   2,374,875      108,609     121,955     254,558     258,221     230,443      57,284      35,908      67,720     177,874     532,182
    Securities held outright (1)               4,162,576      79,501   2,298,064      105,096     118,010     246,325     249,866     222,939      55,418      34,737      65,529     172,122     514,969
      U.S. Treasury securities                 2,413,218      46,090   1,332,283       60,929      68,416     142,805     144,858     129,247      32,128      20,138      37,990      99,786     298,549
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,413,218      46,090   1,332,283       60,929      68,416     142,805     144,858     129,247      32,128      20,138      37,990      99,786     298,549
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,744,967      33,327     963,357       44,057      49,470     103,260     104,745      93,457      23,231      14,562      27,470      72,154     215,877
    Unamortized premiums on securities held 
      outright (5)                               153,073       2,924      84,508        3,865       4,340       9,058       9,188       8,198       2,038       1,277       2,410       6,330      18,937
    Unamortized discounts on securities     
      held outright (5)                          -13,950        -266      -7,701         -352        -395        -825        -837        -747        -186        -116        -220        -577      -1,726
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             87           0           4            0           0           0           4          54          14          10           1           0           1
  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                      73           1           0            0           0           0          72           0           0           0           0           0           0
  Bank premises                                    2,201         112         445           73         120         196         204         201         108          95         235         220         191
  Central bank liquidity swaps (8)                    82           4          26            5           7          18           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,819         928       6,879        1,239       1,761       4,713       1,261         925         315         100         216         270       3,211
  Other assets (10)                               27,159         554      14,470          684         781       1,819       1,629       1,437         442         279         497       1,238       3,329
  Interdistrict settlement account                     0  -      186  +  115,101   -    6,602  -    3,257  -    1,334  +    2,406  -   11,267  -    2,440  -    1,904  -    4,435  -    8,017  -   78,065
                                                                                                                                                                                                         
Total assets                                   4,372,886      84,181   2,519,007      104,751     122,264     261,419     266,126     223,204      56,221      34,819      64,801     172,957     463,136

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, April 25, 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            1,781,374      59,672     605,060      53,796      88,105     125,448     246,812     114,030      52,145      30,543      47,319     139,139     219,305
    Less: Notes held by F.R. Banks               185,547       6,340      46,727       7,273      10,056      14,421      29,797      12,908       5,749       3,587       5,926      17,296      25,467
      Federal Reserve notes, net               1,595,828      53,332     558,332      46,524      78,049     111,027     217,015     101,122      46,396      26,956      41,394     121,843     193,838
  Reverse repurchase agreements (11)             238,414       4,553     131,623       6,019       6,759      14,108      14,311      12,769       3,174       1,990       3,753       9,858      29,495
  Deposits                                     2,493,721      24,448   1,814,497      49,703      34,098     127,206      32,101     107,290       5,935       5,395      19,093      40,490     233,465
    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                           2,010,948      24,417   1,385,803      49,700      34,034     126,928      32,065      53,688       5,928       5,395      19,080      40,452     233,458
    U.S. Treasury, General Account               403,067           0     403,067           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)                                    74,452          29      20,401           0          61         270          33      53,600           7           0          12          38           1
  Deferred availability cash items                   209           0           0           0           0           0          65           0           0         145           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   631           5         391           1           5         -21          65          40           1           8           6          51          79
  Other liabilities and accrued             
     dividends                                     4,830         180       1,850         212         211         604         328         329         135         147         157         226         452
                                                                                                                                                                                                        
Total liabilities                              4,333,634      82,519   2,506,693     102,459     119,122     252,924     263,885     221,549      55,641      34,640      64,404     172,469     457,329
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,753       1,343       9,950       1,866       2,537       6,874       1,808       1,336         472         145         324         396       4,703
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,372,886      84,181   2,519,007     104,751     122,264     261,419     266,126     223,204      56,221      34,819      64,801     172,957     463,136

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, April 25, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Apr 25, 2018  

Federal Reserve notes outstanding                                                            1,781,374  
  Less: Notes held by F.R. Banks not subject to collateralization                              185,547  
    Federal Reserve notes to be collateralized                                               1,595,828  
Collateral held against Federal Reserve notes                                                1,595,828  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,579,591  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,162,576  
  Less: Face value of securities under reverse repurchase agreements                           233,750  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,928,826  

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.