FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EST
December 27, 2018


Publication Note


The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect the removal of table 4 "Information
on Principal Accounts of Maiden Lane LLC." The table has been removed because the remaining assets in the
portfolio holdings of Maiden Lane LLC have been reduced to a de minimis balance.                            

Amounts for "Net portfolio holdings of Maiden Lane LLC," continue to be shown on table 1 "Factors Affecting
Reserve Balances of Depository Institutions," on the renumbered table 4 "Consolidated Statement of Condition
of All Federal Reserve Banks" in order to provide information on figures from the previous year, and on the
renumbered table 5 "Statement of Condition of Each Federal Reserve Bank."                                   

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 27, 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  Dec 26, 2018 
Federal Reserve Banks                                     Dec 26, 2018 Dec 19, 2018 Dec 27, 2017              

Reserve Bank credit                                         4,043,982   -    4,123   -  373,734    4,036,348  
  Securities held outright (1)                              3,886,608   -    7,855   -  344,510    3,880,249  
    U.S. Treasury securities                                2,240,698   +       57   -  213,526    2,240,717  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,101,796            0   -  222,608    2,101,796  
      Notes and bonds, inflation-indexed (2)                  116,545            0   +    6,411      116,545  
      Inflation compensation (3)                               22,357   +       57   +    2,671       22,376  
    Federal agency debt securities (2)                          2,409            0   -    1,982        2,409  
    Mortgage-backed securities (4)                          1,643,501   -    7,912   -  129,002    1,637,123  
  Unamortized premiums on securities held outright (5)        140,525   -      526   -   18,711      140,257  
  Unamortized discounts on securities held outright (5)       -13,459   +       32   +      673      -13,448  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           102   +       28   +       40           77  
    Primary credit                                                 38   +       29   +        8           12  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                64   -        1   +       31           65  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0   -        2   -    1,712            0  
  Float                                                          -238   -       81   -       59         -212  
  Central bank liquidity swaps (8)                              4,207   +    4,137   -    7,801        4,207  
  Other Federal Reserve assets (9)                             26,236   +      144   -    1,654       25,217  
Foreign currency denominated assets (10)                       20,847   +      241   -      332       20,874  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,859   +       14   +      492       49,859  
                                                                                                              
Total factors supplying reserve funds                       4,130,930   -    3,867   -  373,573    4,123,322  

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  Dec 26, 2018 
Federal Reserve Banks                                     Dec 26, 2018 Dec 19, 2018 Dec 27, 2017              

Currency in circulation (11)                                 1,712,526   +    6,722   +  100,406    1,716,129 
Reverse repurchase agreements (12)                             251,943   +    6,147   -  103,075      244,820 
  Foreign official and international accounts                  244,391   +      591   +    9,315      243,815 
  Others                                                         7,552   +    5,556   -  112,390        1,005 
Treasury cash holdings                                             206   +        4   +       12          214 
Deposits with F.R. Banks, other than reserve balances          460,092   +   21,892   +  172,204      456,788 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               374,085   +   23,371   +  183,802      368,236 
  Foreign official                                               5,379   +      136   +      126        6,191 
  Other (13)                                                    80,628   -    1,615   -   11,724       82,361 
Other liabilities and capital (14)                              44,940   -      717   -    2,919       44,440 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,469,706   +   34,047   +  166,628    2,462,391 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,661,223   -   37,915   -  540,202    1,660,932 

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 the note on consolidation accompanying table 5.                                                
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  Dec 26, 2018 
                                                          Dec 26, 2018 Dec 19, 2018 Dec 27, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,396,908   -    6,261   +   34,909    3,396,564 
  Marketable U.S. Treasury securities (1)                    3,023,167   -    4,625   +    1,878    3,023,234 
  Federal agency debt and mortgage-backed securities (2)       307,564   -    1,146   +   44,798      307,203 
  Other securities (3)                                          66,177   -      490   -   11,767       66,127 
Securities lent to dealers                                      22,713   -      185   -      794       22,999 
  Overnight facility (4)                                        22,713   -      185   -      794       22,999 
    U.S. Treasury securities                                    22,713   -      185   -      794       22,999 
    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, 4, and 5.     
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, December 26, 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                                           77             0             0             0             0           ...            77 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  18,209        72,334       302,121       964,817       264,607       618,630     2,240,717 
  Weekly changes                                 0    +        1    +        1    +        9    +       20    +       26    +       56 
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             4           214        62,707     1,574,198     1,637,123 
  Weekly changes                                 0             0             0    -        7    -      803    -   10,753    -   11,564 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             4,207             0             0             0             0             0         4,207 
                                                                                                                                       
Reverse repurchase agreements (4)          244,820             0           ...           ...           ...           ...       244,820 
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   
                                                                                                                      Dec 26, 2018  

Mortgage-backed securities held outright (1)                                                                             1,637,123  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                              288  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 26, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 19, 2018 Dec 27, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,726   -       16   -      159  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,007,135   -   12,122   -  361,341  
    Securities held outright (1)                                          3,880,249   -   11,508   -  343,286  
      U.S. Treasury securities                                            2,240,717   +       56   -  213,502  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,101,796            0   -  222,608  
        Notes and bonds, inflation-indexed (2)                              116,545            0   +    6,411  
        Inflation compensation (3)                                           22,376   +       55   +    2,696  
      Federal agency debt securities (2)                                      2,409            0   -    1,982  
      Mortgage-backed securities (4)                                      1,637,123   -   11,564   -  127,803  
    Unamortized premiums on securities held outright  
    (5)                                                                     140,257   -      627   -   18,664  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,448   +       31   +      673  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        77   -       18   -       64  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -    1,712  
  Items in process of collection                                   (0)          239   +       50   +      151  
  Bank premises                                                               2,206   +        7   -       12  
  Central bank liquidity swaps (8)                                            4,207   +    4,137   -    7,801  
  Foreign currency denominated assets (9)                                    20,874   +      113   -      355  
  Other assets (10)                                                          23,011   -      808   -    1,814  
                                                                                                               
Total assets                                                       (0)    4,075,636   -    8,638   -  373,044  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 26, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 19, 2018 Dec 27, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,668,206   +    7,067   +   99,148 
  Reverse repurchase agreements (11)                                         244,820   -    7,799   -  141,971 
  Deposits                                                          (0)    2,117,720   -    7,080   -  327,369 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,660,932   +   11,767   -  515,520 
    U.S. Treasury, General Account                                           368,236   -   28,057   +  181,750 
    Foreign official                                                           6,191   +      947   +      937 
    Other (12)                                                      (0)       82,361   +    8,263   +    5,464 
  Deferred availability cash items                                  (0)          451   +       82   +       28 
  Other liabilities and accrued dividends (13)                                 5,280   -      906   -      651 
                                                                                                               
Total liabilities                                                   (0)    4,036,476   -    8,637   -  370,815 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,335            0   +      947 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,160            0   -    2,228 

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 the note on consolidation accompanying table 5.                                                
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.                               

 



5. Statement of Condition of Each Federal Reserve Bank, December 26, 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                                             1,726          42          38          148         127         237         180         284          25          46         111         195         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,007,135      76,531   2,212,207      101,170     113,601     237,122     240,537     214,621      53,377      33,456      63,089     165,691     495,733
    Securities held outright (1)               3,880,249      74,109   2,142,198       97,968     110,006     229,618     232,919     207,818      51,659      32,381      61,084     160,447     480,042
      U.S. Treasury securities                 2,240,717      42,795   1,237,049       56,573      63,525     132,597     134,503     120,008      29,831      18,699      35,274      92,653     277,208
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,240,717      42,795   1,237,049       56,573      63,525     132,597     134,503     120,008      29,831      18,699      35,274      92,653     277,208
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,637,123      31,267     903,819       41,334      46,413      96,879      98,271      87,681      21,796      13,662      25,772      67,695     202,535
    Unamortized premiums on securities held 
      outright (5)                               140,257       2,679      77,433        3,541       3,976       8,300       8,419       7,512       1,867       1,170       2,208       5,800      17,352
    Unamortized discounts on securities     
      held outright (5)                          -13,448        -257      -7,424         -340        -381        -796        -807        -720        -179        -112        -212        -556      -1,664
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             77           0           0            0           0           0           6          12          30          17           8           0           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     239           0           0            0           0           0         239           0           0           1           0           0           0
  Bank premises                                    2,206         108         460           82         117         194         206         194         106          95         232         220         190
  Central bank liquidity swaps (8)                 4,207         179       1,326          239         340         909         243         178          61          19          42          52         619
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,874         888       6,582        1,186       1,685       4,509       1,206         885         301          96         207         258       3,072
  Other assets (10)                               23,011         474      12,220          575         663       1,547       1,381       1,204         364         238         416       1,121       2,810
  Interdistrict settlement account                     0  +   16,852  -   73,486   -    7,101  +    5,942  -    7,051  +   39,262  +   10,982  +    8,502  +    3,623  -    1,932  +    7,896  -    3,488
                                                                                                                                                                                                         
Total assets                                   4,075,636      95,635   2,164,790       96,858     123,256     238,652     285,400     229,512      63,221      37,861      62,623     176,620     501,209

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, December 26, 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            1,862,653      58,039     615,768      54,985      88,813     125,827     262,046     122,009      56,113      31,558      50,027     150,966     246,501
    Less: Notes held by F.R. Banks               194,448       5,814      56,510       6,889       8,112      13,022      28,679      14,123       5,264       2,663       5,571      17,263      30,537
      Federal Reserve notes, net               1,668,206      52,226     559,258      48,097      80,701     112,805     233,367     107,886      50,849      28,895      44,456     133,702     215,964
  Reverse repurchase agreements (11)             244,820       4,676     135,159       6,181       6,941      14,487      14,696      13,112       3,259       2,043       3,854      10,123      30,288
  Deposits                                     2,117,720      36,850   1,456,017      40,094      32,225     102,293      34,454     106,539       8,379       6,336      13,771      32,050     248,713
    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                           1,660,932      36,835   1,054,632      40,091      32,163     101,769      34,417      52,004       8,371       6,278      13,753      31,910     248,706
    U.S. Treasury, General Account               368,236           0     368,236           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,191           2       6,164           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    82,361          14      26,984           1          59         515          34      54,533           7          57          17         139           1
  Deferred availability cash items                   451           0           0           0           0           0         206           0           0         244           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   966          19         469          28          40          78          89          44           9           8          16          56         108
  Other liabilities and accrued             
     dividends                                     4,313         181       1,476         202         216         619         313         291         133         150         145         203         384
                                                                                                                                                                                                        
Total liabilities                              4,036,476      93,952   2,152,379      94,602     120,124     230,283     283,125     227,872      62,629      37,676      62,243     176,135     495,457
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,335       1,393      10,260       1,868       2,581       6,895       1,880       1,350         493         154         313         400       4,747
  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                  4,075,636      95,635   2,164,790      96,858     123,256     238,652     285,400     229,512      63,221      37,861      62,623     176,620     501,209

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, December 26, 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 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 and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. 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 4), 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 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 26, 2018  

Federal Reserve notes outstanding                                                            1,862,653  
  Less: Notes held by F.R. Banks not subject to collateralization                              194,448  
    Federal Reserve notes to be collateralized                                               1,668,206  
Collateral held against Federal Reserve notes                                                1,668,206  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,651,969  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,880,249  
  Less: Face value of securities under reverse repurchase agreements                           243,573  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,636,676  

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.