FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 11, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 10, 2018 
Federal Reserve Banks                                     Oct 10, 2018  Oct 3, 2018 Oct 11, 2017              

Reserve Bank credit                                         4,137,004   -    8,760   -  281,933    4,137,727  
  Securities held outright (1)                              3,978,409   -   10,841   -  262,036    3,978,415  
    U.S. Treasury securities                                2,294,222   -   10,844   -  171,306    2,294,227  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,156,595   -   10,861   -  180,731    2,156,595  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,167      115,579  
      Inflation compensation (3)                               21,948   +       17   +    3,159       21,953  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,681,778   +        3   -   86,382    1,681,778  
  Unamortized premiums on securities held outright (5)        144,557   -      247   -   17,557      144,492  
  Unamortized discounts on securities held outright (5)       -13,638   +       31   +      774      -13,629  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           217   -      110   +       38          189  
    Primary credit                                                  3   -       72            0           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               214   -       38   +       39          176  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,700            7  
  Float                                                          -200   +      429   +      118         -152  
  Central bank liquidity swaps (8)                                 90   +       16   +       54           90  
  Other Federal Reserve assets (9)                             27,562   +    1,962   -    1,625       28,316  
Foreign currency denominated assets (10)                       20,767   -      105   -      358       20,854  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,787   +       14   +      594       49,787  
                                                                                                              
Total factors supplying reserve funds                       4,223,799   -    8,851   -  281,697    4,224,609  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 10, 2018 
Federal Reserve Banks                                     Oct 10, 2018  Oct 3, 2018 Oct 11, 2017              

Currency in circulation (11)                                 1,691,914   +    5,190   +  107,144    1,692,975 
Reverse repurchase agreements (12)                             223,290   -   33,183   -  129,624      217,293 
  Foreign official and international accounts                  221,246   -    8,687   -    8,430      214,903 
  Others                                                         2,044   -   24,496   -  121,193        2,390 
Treasury cash holdings                                             221   +        6   +       16          227 
Deposits with F.R. Banks, other than reserve balances          398,215   -   45,488   +  143,942      389,917 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               324,721   -   43,286   +  154,955      308,869 
  Foreign official                                               5,257   +        1   +       91        5,258 
  Other (13)                                                    68,238   -    2,202   -   11,103       75,790 
Other liabilities and capital (14)                              45,095   +    1,136   -    3,741       45,310 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,358,734   -   72,340   +  117,736    2,345,721 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,865,065   +   63,489   -  399,433    1,878,887 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 10, 2018 
                                                          Oct 10, 2018  Oct 3, 2018 Oct 11, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,444,409   +    8,292   +   83,929    3,439,492 
  Marketable U.S. Treasury securities (1)                    3,069,517   +    8,723   +   36,384    3,064,214 
  Federal agency debt and mortgage-backed securities (2)       306,913   +       94   +   43,862      306,913 
  Other securities (3)                                          67,979   -      525   +    3,683       68,365 
Securities lent to dealers                                      18,440   +      118   -    6,293       18,273 
  Overnight facility (4)                                        18,440   +      118   -    6,293       18,273 
    U.S. Treasury securities                                    18,440   +      118   -    6,293       18,273 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 10, 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                                           55           134             0             0             0           ...           189 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                      26       101,337       310,595       999,355       265,769       617,146     2,294,227 
  Weekly changes                                 0             0             0    +        3    +        6    +        9    +       17 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           184        49,581     1,632,012     1,681,778 
  Weekly changes                                 0             0             0             0    +    5,978    -    5,976    +        3 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                90             0             0             0             0             0            90 
                                                                                                                                       
Reverse repurchase agreements (4)          217,293             0           ...           ...           ...           ...       217,293 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 10, 2018  

Mortgage-backed securities held outright (1)                                                                             1,681,778  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,387  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 10, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 10, 2018   Wednesday    Wednesday  
                                                        consolidation                 Oct 3, 2018 Oct 11, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,754   -        8   -      101  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,109,467   -      375   -  278,805  
    Securities held outright (1)                                          3,978,415   +       21   -  262,056  
      U.S. Treasury securities                                            2,294,227   +       17   -  171,327  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,156,595            0   -  180,731  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,953   +       17   +    3,137  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,681,778   +        3   -   86,382  
    Unamortized premiums on securities held outright  
    (5)                                                                     144,492   -      218   -   17,554  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,629   +       29   +      774  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       189   -      208   +       31  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,699  
  Items in process of collection                                   (0)          182   +       48   +       89  
  Bank premises                                                               2,180   +        1   -       18  
  Central bank liquidity swaps (8)                                               90   +       16   +       54  
  Foreign currency denominated assets (9)                                    20,854   +       72   -      389  
  Other assets (10)                                                          26,136   +    2,450   -    1,640  
                                                                                                               
Total assets                                                       (0)    4,176,906   +    2,202   -  282,509  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 10, 2018   Wednesday    Wednesday  
                                                        consolidation                 Oct 3, 2018 Oct 11, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,645,165   +    3,063   +  106,779 
  Reverse repurchase agreements (11)                                         217,293   -   12,754   -  142,982 
  Deposits                                                          (0)    2,268,804   +   10,329   -  243,094 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,878,887   +   41,300   -  388,852 
    U.S. Treasury, General Account                                           308,869   -   41,412   +  153,562 
    Foreign official                                                           5,258   +        1   +       92 
    Other (12)                                                      (0)       75,790   +   10,440   -    7,897 
  Deferred availability cash items                                  (0)          334   +        8   -      109 
  Other liabilities and accrued dividends (13)                                 6,182   +    1,537   -    1,016 
                                                                                                               
Total liabilities                                                   (0)    4,137,778   +    2,184   -  280,422 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,303   +       19   +    1,088 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,128   +       19   -    2,087 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, October 10, 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                                             1,754          46          39          160         120         244         189         291          31          43         106         198         287
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,109,467      78,483   2,268,640      103,751     116,499     243,171     246,683     220,105      54,779      34,363      64,700     169,918     508,376
    Securities held outright (1)               3,978,415      75,984   2,196,393      100,447     112,789     235,427     238,811     213,075      52,966      33,200      62,630     164,507     492,186
      U.S. Treasury securities                 2,294,227      43,817   1,266,591       57,924      65,042     135,763     137,715     122,874      30,544      19,145      36,117      94,866     283,828
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,294,127      43,815   1,266,536       57,922      65,039     135,758     137,709     122,868      30,542      19,144      36,115      94,862     283,816
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,681,778      32,120     928,472       42,461      47,679      99,521     100,952      90,072      22,390      14,034      26,475      69,541     208,060
    Unamortized premiums on securities held 
      outright (5)                               144,492       2,760      79,771        3,648       4,096       8,550       8,673       7,739       1,924       1,206       2,275       5,975      17,876
    Unamortized discounts on securities     
      held outright (5)                          -13,629        -260      -7,524         -344        -386        -807        -818        -730        -181        -114        -215        -564      -1,686
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            189           0           0            0           0           0          17          21          71          71          10           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     182           0           0            0           0           0         181           0           0           1           0           0           0
  Bank premises                                    2,180         108         444           77         117         195         205         196         106          95         233         218         187
  Central bank liquidity swaps (8)                    90           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,854         887       6,575        1,184       1,683       4,505       1,205         884         301          96         207         258       3,069
  Other assets (10)                               26,136         533      13,993          655         754       1,748       1,570       1,375         425         285         466       1,125       3,206
  Interdistrict settlement account                     0  +    6,243  -    9,220   -    6,239  +    2,059  +    6,608  +   30,533  +       36  +    3,153  -      210  -    2,565  +    4,051  -   34,449
                                                                                                                                                                                                         
Total assets                                   4,176,906      86,865   2,285,951      100,153     122,020     257,675     282,716     224,053      59,280      34,961      63,608     176,957     482,667

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 10, 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            1,837,706      58,365     613,165      54,677      88,250     125,833     263,645     120,259      55,295      30,375      49,590     149,930     228,323
    Less: Notes held by F.R. Banks               192,541       6,170      52,552       7,218       9,433      13,884      30,343      12,961       5,421       3,017       5,590      17,155      28,797
      Federal Reserve notes, net               1,645,165      52,195     560,613      47,459      78,817     111,948     233,302     107,299      49,874      27,358      44,000     132,775     199,526
  Reverse repurchase agreements (11)             217,293       4,150     119,963       5,486       6,160      12,859      13,043      11,638       2,893       1,813       3,421       8,985      26,882
  Deposits                                     2,268,804      28,682   1,590,283      44,709      33,651     123,916      33,505     103,091       5,759       5,305      15,632      34,426     249,844
    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                           1,878,887      28,653   1,248,277      44,706      33,599     123,187      33,470      56,267       5,750       5,222      15,622      34,296     249,838
    U.S. Treasury, General Account               308,869           0     308,869           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,258           2       5,230           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    75,790          28      27,906           1          49         720          33      46,822           9          82          10         129           1
  Deferred availability cash items                   334           0           0           0           0           0         189           0           0         145           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,240          23         675          30          47          17         106          65          21          12          23          65         155
  Other liabilities and accrued             
     dividends                                     4,941         181       1,977         213         218         572         322         324         144         150         153         223         464
                                                                                                                                                                                                        
Total liabilities                              4,137,778      85,232   2,273,511      97,897     118,893     249,312     280,467     222,416      58,691      34,784      63,229     176,475     476,872
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,303       1,343      10,288       1,868       2,576       6,888       1,854       1,348         490         146         311         398       4,791
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,176,906      86,865   2,285,951     100,153     122,020     257,675     282,716     224,053      59,280      34,961      63,608     176,957     482,667

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 10, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 10, 2018  

Federal Reserve notes outstanding                                                            1,837,706  
  Less: Notes held by F.R. Banks not subject to collateralization                              192,541  
    Federal Reserve notes to be collateralized                                               1,645,165  
Collateral held against Federal Reserve notes                                                1,645,165  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,628,928  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,978,415  
  Less: Face value of securities under reverse repurchase agreements                           218,670  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,759,744  

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.