FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 February 8, 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   Feb 7, 2018 
Federal Reserve Banks                                      Feb 7, 2018 Jan 31, 2018  Feb 8, 2017              

Reserve Bank credit                                         4,379,459   -    8,543   -   37,265    4,380,349  
  Securities held outright (1)                              4,201,334   -    9,268   -   22,918    4,201,327  
    U.S. Treasury securities                                2,436,199   -    9,268   -   27,233    2,436,192  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,307,591   -   10,894   -   33,791    2,307,591  
      Notes and bonds, inflation-indexed (2)                  109,413   +    1,637   +    4,483      109,413  
      Inflation compensation (3)                               19,194   -       12   +    2,074       19,187  
    Federal agency debt securities (2)                          4,391            0   -   11,789        4,391  
    Mortgage-backed securities (4)                          1,760,743   -        1   +   16,103    1,760,743  
  Unamortized premiums on securities held outright (5)        157,162   -      276   -   13,857      157,078  
  Unamortized discounts on securities held outright (5)       -14,074   -        7   +      977      -14,063  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            17   -       54            0           31  
    Primary credit                                                  8   -       55   -        6           19  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 9   +        1   +        6           13  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715   +        1   +       10        1,715  
  Float                                                          -146   +      238   +      135         -138  
  Central bank liquidity swaps (8)                                 39   -      634   -      226           39  
  Other Federal Reserve assets (9)                             33,413   +    1,458   -    1,384       34,360  
Foreign currency denominated assets (10)                       22,047   -       89   +    1,964       21,920  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,451   +       14   +      820       49,451  
                                                                                                              
Total factors supplying reserve funds                       4,467,198   -    8,618   -   34,481    4,467,962  

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   Feb 7, 2018 
Federal Reserve Banks                                      Feb 7, 2018 Jan 31, 2018  Feb 8, 2017              

Currency in circulation (11)                                 1,609,051   +    3,288   +  106,747    1,612,559 
Reverse repurchase agreements (12)                             277,155   +   10,499   -   97,947      280,540 
  Foreign official and international accounts                  231,446   -    5,822   -   23,163      232,420 
  Others                                                        45,709   +   16,321   -   74,785       48,120 
Treasury cash holdings                                             268   +        9   +       36          273 
Deposits with F.R. Banks, other than reserve balances          288,919   -   62,490   -   66,896      287,935 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               203,936   -   66,308   -  101,799      202,221 
  Foreign official                                               5,254            0   +       88        5,253 
  Other (13)                                                    79,729   +    3,817   +   34,816       80,460 
Other liabilities and capital (14)                              46,961   -    1,138   -      544       46,641 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,222,354   -   49,833   -   58,604    2,227,948 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,244,845   +   41,215   +   24,124    2,240,014 

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   Feb 7, 2018 
                                                           Feb 7, 2018 Jan 31, 2018  Feb 8, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,387,544   +   21,246   +  218,447    3,385,164 
  Marketable U.S. Treasury securities (1)                    3,045,938   +   19,942   +  194,924    3,043,397 
  Federal agency debt and mortgage-backed securities (2)       262,406   +    1,190   +    6,629      262,406 
  Other securities (3)                                          79,200   +      114   +   16,894       79,361 
Securities lent to dealers                                      26,491   +    3,070   +   10,714       24,799 
  Overnight facility (4)                                        26,491   +    3,070   +   10,714       24,799 
    U.S. Treasury securities                                    26,491   +    3,070   +   10,762       24,799 
    Federal agency debt securities                                   0            0   -       48            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, February 7, 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                                           19            13             0             0             0           ...            31 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  16,563        97,821       297,077     1,081,307       322,161       621,263     2,436,192 
  Weekly changes                                 0             0    -        1    -        2    -        5    -       11    -       19 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           177        36,828     1,723,737     1,760,743 
  Weekly changes                                 0             0             0    +        3    +   10,393    -   10,397             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                39             0             0             0             0             0            39 
                                                                                                                                       
Reverse repurchase agreements (4)          280,540             0           ...           ...           ...           ...       280,540 
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   
                                                                                                                       Feb 7, 2018  

Mortgage-backed securities held outright (1)                                                                             1,760,743  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,547  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Feb 7, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Feb 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 31, 2018  Feb 8, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,957   +       12   -        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,344,373   -      270   -   35,786  
    Securities held outright (1)                                          4,201,327   -       19   -   22,931  
      U.S. Treasury securities                                            2,436,192   -       19   -   27,244  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,307,591            0   -   33,791  
        Notes and bonds, inflation-indexed (2)                              109,413            0   +    4,483  
        Inflation compensation (3)                                           19,187   -       19   +    2,063  
      Federal agency debt securities (2)                                      4,391            0   -   11,789  
      Mortgage-backed securities (4)                                      1,760,743            0   +   16,101  
    Unamortized premiums on securities held outright  
    (5)                                                                     157,078   -      259   -   13,853  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,063   +       31   +      977  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        31   -       23   +       20  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715            0   +       10  
  Items in process of collection                                   (0)          144   +       53   +       63  
  Bank premises                                                               2,199   -       11            0  
  Central bank liquidity swaps (8)                                               39   -      634   -      226  
  Foreign currency denominated assets (9)                                    21,920   -      190   +    1,864  
  Other assets (10)                                                          32,162   +    2,561   -    1,411  
                                                                                                               
Total assets                                                       (0)    4,420,745   +    1,520   -   35,491  

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        Feb 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 31, 2018  Feb 8, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,565,333   +    5,031   +  106,433 
  Reverse repurchase agreements (11)                                         280,540   -   29,936   -   93,810 
  Deposits                                                          (0)    2,527,948   +   27,783   -   47,137 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,240,014   +   97,638   +    2,554 
    U.S. Treasury, General Account                                           202,221   -   73,573   -   84,814 
    Foreign official                                                           5,253   -        2   +       88 
    Other (12)                                                      (0)       80,460   +    3,720   +   35,036 
  Deferred availability cash items                                  (0)          282   -      847   -      102 
  Other liabilities and accrued dividends (13)                                 5,138   -      528   -    1,878 
                                                                                                               
Total liabilities                                                   (0)    4,379,242   +    1,504   -   36,492 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,503   +       16   +    1,000 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,503   +       16   +    1,000 

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, February 7, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,957          54          52          196         145         274         200         310          38          51         113         208         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,344,373      84,644   2,446,264      112,169     125,982     254,537     255,724     182,727      57,931      33,874      61,613     173,921     554,986
    Securities held outright (1)               4,201,327      81,857   2,365,733      108,476     121,835     246,158     247,306     176,702      56,024      32,756      59,585     168,192     536,704
      U.S. Treasury securities                 2,436,192      47,466   1,371,800       62,901      70,647     142,738     143,403     102,463      32,486      18,994      34,551      97,528     311,214
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,436,192      47,466   1,371,800       62,901      70,647     142,738     143,403     102,463      32,486      18,994      34,551      97,528     311,214
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,760,743      34,306     991,460       45,462      51,060     103,163     103,644      74,055      23,479      13,728      24,971      70,488     224,928
    Unamortized premiums on securities held 
      outright (5)                               157,078       3,060      88,449        4,056       4,555       9,203       9,246       6,607       2,095       1,225       2,228       6,288      20,066
    Unamortized discounts on securities     
      held outright (5)                          -14,063        -274      -7,919         -363        -408        -824        -828        -591        -188        -110        -199        -563      -1,797
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             31           0           1            0           0           0           0          10           0           3           0           4          13
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     144           0           0            0           0           0         143           0           0           0           0           0           0
  Bank premises                                    2,199         113         445           72         121         197         203         202         109          87         236         220         192
  Central bank liquidity swaps (8)                    39           2          12            2           3           8           2           2           0           0           0           0           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,920         950       7,021        1,178       1,785       4,737       1,279         917         240          93         213         280       3,227
  Other assets (10)                               32,162         671      17,616          827         947       2,095       1,919       1,354         539         269         534       1,318       4,072
  Interdistrict settlement account                     0  -       63  +    9,110   -    6,023  -    9,530  -   13,059  +   11,433  +   46,502  -    2,173  +      982  +    5,370  -    3,417  -   39,131
                                                                                                                                                                                                         
Total assets                                   4,420,745      86,917   2,487,646      108,978     120,244     249,978     273,076     233,176      57,176      35,638      68,525     173,728     525,663

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, February 7, 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            1,756,751      57,149     591,302      53,955      83,615     119,060     243,717     115,428      52,348      30,986      47,719     140,363     221,109
    Less: Notes held by F.R. Banks               191,417       7,085      45,832       7,132      10,707      16,049      26,522      13,555       6,138       3,786       6,334      19,400      28,877
      Federal Reserve notes, net               1,565,333      50,063     545,470      46,823      72,907     103,011     217,195     101,873      46,211      27,200      41,385     120,963     192,232
  Reverse repurchase agreements (11)             280,540       5,466     157,970       7,243       8,135      16,437      16,514      11,799       3,741       2,187       3,979      11,231      35,838
  Deposits                                     2,527,948      29,449   1,768,999      52,345      35,645     121,018      36,503     117,437       6,474       5,725      22,604      40,752     290,999
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,240,014      29,442   1,539,942      52,343      35,641     120,777      36,494      58,840       6,466       5,725      22,602      40,750     290,992
    U.S. Treasury, General Account               202,221           0     202,221           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,253           2       5,226           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    80,460           5      21,610           0           0         233           7      58,595           7           0           1           1           1
  Deferred availability cash items                   282           0           0           0           0           0          93           0           0         189           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,287          23         718          29          36          40         103          47          23          13          20          71         163
  Other liabilities and accrued             
     dividends                                     3,851         155       1,436         170         180         455         287         265         128         133         129         198         315
                                                                                                                                                                                                        
Total liabilities                              4,379,242      85,156   2,474,594     106,612     116,904     240,962     270,695     231,421      56,577      35,447      68,115     173,214     519,547
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,503       1,335       9,901       1,799       2,534       6,856       1,804       1,332         455         145         310         390       4,644
  Surplus                                         10,000         426       3,152         568         807       2,160         578         424         144          46          99         124       1,472
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,420,745      86,917   2,487,646     108,978     120,244     249,978     273,076     233,176      57,176      35,638      68,525     173,728     525,663

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, February 7, 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 $10 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   
                                                                                           Feb 7, 2018  

Federal Reserve notes outstanding                                                            1,756,751  
  Less: Notes held by F.R. Banks not subject to collateralization                              191,417  
    Federal Reserve notes to be collateralized                                               1,565,333  
Collateral held against Federal Reserve notes                                                1,565,333  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,549,096  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,201,327  
  Less: Face value of securities under reverse repurchase agreements                           280,396  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,920,931  

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.