FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 28, 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 policies under which Federal
Reserve Banks make payments of their residual net earnings to the U.S. Treasury.? The "Economic Growth,
Regulatory Relief, and Consumer Protection Act" ("Act"), which was enacted on May 24, 2018, requires that aggregate
Federal Reserve Bank capital surplus not exceed $6.825 billion. Therefore, any amount of aggregate Federal
Reserve Bank capital surplus that exceeds this limit will be remitted to the U.S. Treasury.                 

The amounts of the line items "Other liabilities and capital" on table 1, and "Surplus" on tables 5 and 6
reflect the lump-sum payment of approximately $675 million to the Treasury on June 21, 2018, which was necessary
to reduce aggregate Reserve Bank capital surplus to the $6.825 billion limitation in the Act.               

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 28, 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  Jun 27, 2018 
Federal Reserve Banks                                     Jun 27, 2018 Jun 20, 2018 Jun 28, 2017              

Reserve Bank credit                                         4,272,520   -    6,978   -  158,545    4,265,630  
  Securities held outright (1)                              4,107,740   -    6,797   -  141,940    4,101,930  
    U.S. Treasury securities                                2,378,203   +      125   -   86,811    2,378,250  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,242,161            0   -   96,055    2,242,161  
      Notes and bonds, inflation-indexed (2)                  114,860            0   +    6,734      114,860  
      Inflation compensation (3)                               21,183   +      126   +    2,512       21,229  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,727,127   -    6,923   -   49,442    1,721,271  
  Unamortized premiums on securities held outright (5)        149,999   -      558   -   16,357      149,733  
  Unamortized discounts on securities held outright (5)       -13,936   +       29   +      809      -13,924  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           166   +       31   +       33          181  
    Primary credit                                                  7   -        1   -       23            7  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               159   +       32   +       56          174  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +        4        1,710  
  Float                                                          -222   -       62   +       62         -568  
  Central bank liquidity swaps (8)                                 90   -        5   +       55           90  
  Other Federal Reserve assets (9)                             26,971   +      385   -    1,211       26,479  
Foreign currency denominated assets (10)                       21,173   +       62   +      544       21,093  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,685   +       14   +      713       49,685  
                                                                                                              
Total factors supplying reserve funds                       4,359,620   -    6,901   -  157,287    4,352,650  

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  Jun 27, 2018 
Federal Reserve Banks                                     Jun 27, 2018 Jun 20, 2018 Jun 28, 2017              

Currency in circulation (11)                                 1,662,240   +    1,319   +  106,340    1,665,308 
Reverse repurchase agreements (12)                             252,519   +    4,262   -  195,613      260,837 
  Foreign official and international accounts                  245,454   -    2,142   +    6,059      240,157 
  Others                                                         7,065   +    6,404   -  201,672       20,680 
Treasury cash holdings                                             213   -       18   +       15          198 
Deposits with F.R. Banks, other than reserve balances          459,299   +   20,381   +  156,902      441,059 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               373,940   +   21,163   +  165,575      362,175 
  Foreign official                                               5,256   +        1   +       91        5,256 
  Other (13)                                                    80,103   -      782   -    8,764       73,629 
Other liabilities and capital (14)                              44,501   -    1,710   -    3,038       44,332 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,418,773   +   24,235   +   64,607    2,411,734 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,940,847   -   31,136   -  221,895    1,940,916 

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  Jun 27, 2018 
                                                          Jun 27, 2018 Jun 20, 2018 Jun 28, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,399,649   -    4,039   +   91,705    3,407,585 
  Marketable U.S. Treasury securities (1)                    3,038,415   -    3,493   +   52,934    3,045,893 
  Federal agency debt and mortgage-backed securities (2)       289,101   -      475   +   28,577      289,473 
  Other securities (3)                                          72,132   -       73   +   10,193       72,219 
Securities lent to dealers                                      20,937   +      889   -    4,198       20,180 
  Overnight facility (4)                                        20,937   +      889   -    4,198       20,180 
    U.S. Treasury securities                                    20,937   +      889   -    4,197       20,180 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 27, 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                                          162            20             0             0             0           ...           181 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  30,454        75,435       305,421     1,051,171       296,305       619,464     2,378,250 
  Weekly changes                                 0    +        1    +        2    +       19    +       44    +       60    +      126 
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             0           143        39,174     1,681,954     1,721,271 
  Weekly changes                                 0             0             0    -        4    -      707    -    9,505    -   10,217 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                90             0             0             0             0             0            90 
                                                                                                                                       
Reverse repurchase agreements (4)          260,837             0           ...           ...           ...           ...       260,837 
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   
                                                                                                                      Jun 27, 2018  

Mortgage-backed securities held outright (1)                                                                             1,721,271  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,760  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   22  



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   
                                                                                                                      Jun 27, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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       Jun 27, 2018   Wednesday    Wednesday  
                                                        consolidation                Jun 20, 2018 Jun 28, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,773   -        3   -       46  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,237,919   -   10,600   -  157,029  
    Securities held outright (1)                                          4,101,930   -   10,091   -  141,492  
      U.S. Treasury securities                                            2,378,250   +      126   -   86,796  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,242,161            0   -   96,055  
        Notes and bonds, inflation-indexed (2)                              114,860            0   +    6,734  
        Inflation compensation (3)                                           21,229   +      126   +    2,526  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,721,271   -   10,217   -   49,009  
    Unamortized premiums on securities held outright  
    (5)                                                                     149,733   -      558   -   16,335  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,924   +       30   +      809  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       181   +       19   -       11  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710   -        3   +        1  
  Items in process of collection                                   (0)          189   +       98   +       96  
  Bank premises                                                               2,188   -        1   -        9  
  Central bank liquidity swaps (8)                                               90   -        5   +       55  
  Foreign currency denominated assets (9)                                    21,093   -       20   +      359  
  Other assets (10)                                                          24,291   +      128   -    1,285  
                                                                                                               
Total assets                                                       (0)    4,305,491   -   10,405   -  157,856  

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       Jun 27, 2018   Wednesday    Wednesday  
                                                        consolidation                Jun 20, 2018 Jun 28, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,617,589   +    3,559   +  105,403 
  Reverse repurchase agreements (11)                                         260,837   +   17,112   -  244,028 
  Deposits                                                          (0)    2,381,975   -   30,037   -   16,161 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,940,916   -   11,227   -  177,192 
    U.S. Treasury, General Account                                           362,175   -   17,915   +  164,578 
    Foreign official                                                           5,256   +        1   +       91 
    Other (12)                                                      (0)       73,629   -      894   -    3,637 
  Deferred availability cash items                                  (0)          758   +      569   -       78 
  Other liabilities and accrued dividends (13)                                 5,431   -      932   -    1,050 
                                                                                                               
Total liabilities                                                   (0)    4,266,589   -    9,730   -  155,915 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,076            0   +    1,233 
  Surplus                                                                      6,825   -      675   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,901   -      675   -    1,942 

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, June 27, 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                                             1,773          38          43          170         115         256         192         288          26          48         104         190         304
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,237,919      80,936   2,339,560      106,994     120,147     250,773     254,394     226,995      56,494      35,409      66,714     175,230     524,273
    Securities held outright (1)               4,101,930      78,343   2,264,583      103,565     116,291     242,736     246,226     219,690      54,610      34,231      64,574     169,614     507,467
      U.S. Treasury securities                 2,378,250      45,422   1,312,978       60,046      67,424     140,736     142,759     127,374      31,662      19,846      37,439      98,340     294,223
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,378,250      45,422   1,312,978       60,046      67,424     140,736     142,759     127,374      31,662      19,846      37,439      98,340     294,223
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,721,271      32,874     950,275       43,458      48,799     101,858     103,322      92,188      22,916      14,364      27,097      71,174     212,946
    Unamortized premiums on securities held 
      outright (5)                               149,733       2,860      82,664        3,780       4,245       8,861       8,988       8,019       1,993       1,250       2,357       6,191      18,524
    Unamortized discounts on securities     
      held outright (5)                          -13,924        -266      -7,687         -352        -395        -824        -836        -746        -185        -116        -219        -576      -1,723
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            181           0           0            0           6           0          16          31          76          45           2           0           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     189           0           0            0           0           0         189           0           0           0           0           0           0
  Bank premises                                    2,188         110         443           74         119         196         203         199         107          95         234         220         190
  Central bank liquidity swaps (8)                    90           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,093         898       6,650        1,198       1,702       4,556       1,219         894         304          97         209         261       3,104
  Other assets (10)                               24,291         497      12,929          611         697       1,642       1,467       1,280         385         253         445       1,101       2,984
  Interdistrict settlement account                     0  +    9,786  +   73,562   -    6,347  -    1,073  -    7,380  +   26,365  -   19,515  -    2,256  -      951  -    5,058  -    6,962  -   60,168
                                                                                                                                                                                                         
Total assets                                   4,305,491      92,827   2,440,370      103,264     122,496     251,247     286,178     211,308      55,545      35,240      63,108     171,226     472,679

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, June 27, 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            1,791,274      59,002     606,017      53,826      87,360     125,050     260,279     113,134      51,881      30,361      47,009     139,463     217,893
    Less: Notes held by F.R. Banks               173,685       5,839      44,040       6,675       9,229      13,804      27,367      11,796       5,473       3,021       5,422      15,955      25,064
      Federal Reserve notes, net               1,617,589      53,163     561,977      47,150      78,131     111,246     232,913     101,338      46,408      27,340      41,587     123,508     192,829
  Reverse repurchase agreements (11)             260,837       4,982     144,002       6,586       7,395      15,435      15,657      13,970       3,473       2,177       4,106      10,786      32,269
  Deposits                                     2,381,975      32,848   1,719,956      47,044      33,617     115,576      34,761      94,021       4,931       4,826      16,878      36,166     241,351
    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                           1,940,916      32,805   1,330,609      47,041      33,552     115,234      34,726      43,085       4,927       4,705      16,865      36,023     241,344
    U.S. Treasury, General Account               362,175           0     362,175           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,228           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    73,629          42      21,944           1          62         333          33      50,934           4         120          12         143           2
  Deferred availability cash items                   758           0           0           0           0           0         193           0           0         565           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,120          21         561          27          38          59          95          64          15          13          19          65         145
  Other liabilities and accrued             
     dividends                                     4,311         180       1,513         201         211         572         326         290         131         143         144         222         376
                                                                                                                                                                                                        
Total liabilities                              4,266,589      91,194   2,428,009     101,009     119,392     242,888     283,945     209,682      54,958      35,063      62,733     170,746     466,969
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,076       1,343      10,210       1,868       2,553       6,885       1,838       1,337         489         145         308         396       4,705
  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                  4,305,491      92,827   2,440,370     103,264     122,496     251,247     286,178     211,308      55,545      35,240      63,108     171,226     472,679

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, June 27, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 27, 2018  

Federal Reserve notes outstanding                                                            1,791,274  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,685  
    Federal Reserve notes to be collateralized                                               1,617,589  
Collateral held against Federal Reserve notes                                                1,617,589  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,601,352  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,101,930  
  Less: Face value of securities under reverse repurchase agreements                           258,015  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,843,915  

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.