FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     June 7, 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 6, 2018 
Federal Reserve Banks                                      Jun 6, 2018 May 30, 2018  Jun 7, 2017              

Reserve Bank credit                                         4,278,593   -   10,164   -  143,681    4,279,553  
  Securities held outright (1)                              4,116,809   -   10,621   -  127,734    4,116,856  
    U.S. Treasury securities                                2,377,826   -    9,256   -   86,925    2,377,872  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,242,161   -   11,281   -   96,055    2,242,161  
      Notes and bonds, inflation-indexed (2)                  114,860   +    1,911   +    6,734      114,860  
      Inflation compensation (3)                               20,805   +      114   +    2,397       20,851  
    Federal agency debt securities (2)                          4,391            0   -    4,443        4,391  
    Mortgage-backed securities (4)                          1,734,592   -    1,366   -   36,366    1,734,593  
  Unamortized premiums on securities held outright (5)        151,123   -      287   -   15,784      151,027  
  Unamortized discounts on securities held outright (5)       -14,016   -      111   +      822      -14,006  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           107   +        7   +       42          119  
    Primary credit                                                 17   -        2   +       14           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                90   +        8   +       28          103  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,712   -        1   +        3        1,713  
  Float                                                          -288   +       21   +       44         -231  
  Central bank liquidity swaps (8)                                 71   +        8   +       31           70  
  Other Federal Reserve assets (9)                             23,074   +      821   -    1,104       24,003  
Foreign currency denominated assets (10)                       21,288   +       26   +      521       21,327  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,643   +       14   +      713       49,643  
                                                                                                              
Total factors supplying reserve funds                       4,365,765   -   10,124   -  142,447    4,366,764  

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 6, 2018 
Federal Reserve Banks                                      Jun 6, 2018 May 30, 2018  Jun 7, 2017              

Currency in circulation (11)                                 1,661,231   +    1,704   +  105,636    1,662,415 
Reverse repurchase agreements (12)                             258,915   +   14,676   -  140,743      260,593 
  Foreign official and international accounts                  245,531   +    2,935   +   12,378      243,821 
  Others                                                        13,384   +   11,741   -  153,121       16,772 
Treasury cash holdings                                             243   -       10   +       13          235 
Deposits with F.R. Banks, other than reserve balances          369,959   -   37,036   +  138,001      365,880 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               294,069   -   31,282   +  141,625      289,454 
  Foreign official                                               5,272   +       17   +       46        5,260 
  Other (13)                                                    70,618   -    5,772   -    3,670       71,166 
Other liabilities and capital (14)                              45,837   +      644   -    2,626       45,676 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,336,186   -   20,022   +  100,282    2,334,799 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,029,579   +    9,898   -  242,729    2,031,965 

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 6, 2018 
                                                           Jun 6, 2018 May 30, 2018  Jun 7, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,398,296   +    3,864   +  139,793    3,400,135 
  Marketable U.S. Treasury securities (1)                    3,035,062   +    2,626   +  100,796    3,037,191 
  Federal agency debt and mortgage-backed securities (2)       287,986   +    1,388   +   25,093      287,986 
  Other securities (3)                                          75,247   -      151   +   13,903       74,958 
Securities lent to dealers                                      21,171   +       61   -    4,041       22,788 
  Overnight facility (4)                                        21,171   +       61   -    4,041       22,788 
    U.S. Treasury securities                                    21,171   +       61   -    4,031       22,788 
    Federal agency debt securities                                   0            0   -        9            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 6, 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                                           47            72             0             0             0           ...           119 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       105,885       305,415     1,051,115       296,172       619,284     2,377,872 
  Weekly changes                        -   28,479    +   20,933    -      874    -    8,054    +    7,186    +       56    -    9,231 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,982             0            62             0             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           143        40,015     1,694,435     1,734,593 
  Weekly changes                                 0             0             0    +        3    +      877    -      874    +        5 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                70             0             0             0             0             0            70 
                                                                                                                                       
Reverse repurchase agreements (4)          260,593             0           ...           ...           ...           ...       260,593 
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 6, 2018  

Mortgage-backed securities held outright (1)                                                                             1,734,593  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           11,621  
Commitments to sell mortgage-backed securities (2)                                                                             120  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jun 6, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
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 6, 2018   Wednesday    Wednesday  
                                                        consolidation                May 30, 2018  Jun 7, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,765   -       10   -       44  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,253,997   -    9,601   -  142,641  
    Securities held outright (1)                                          4,116,856   -    9,225   -  127,719  
      U.S. Treasury securities                                            2,377,872   -    9,231   -   86,911  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,242,161   -   11,281   -   96,055  
        Notes and bonds, inflation-indexed (2)                              114,860   +    1,911   +    6,734  
        Inflation compensation (3)                                           20,851   +      140   +    2,411  
      Federal agency debt securities (2)                                      4,391            0   -    4,443  
      Mortgage-backed securities (4)                                      1,734,593   +        5   -   36,365  
    Unamortized premiums on securities held outright  
    (5)                                                                     151,027   -      262   -   15,795  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,006   -      110   +      821  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       119   -        4   +       50  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713   +        1   +        4  
  Items in process of collection                                   (0)           79   -        8   -        5  
  Bank premises                                                               2,187   -        6   -        8  
  Central bank liquidity swaps (8)                                               70   +        7   +       30  
  Foreign currency denominated assets (9)                                    21,327   +       47   +      533  
  Other assets (10)                                                          21,816   +    1,242   -    1,119  
                                                                                                               
Total assets                                                       (0)    4,319,191   -    8,328   -  143,252  

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 6, 2018   Wednesday    Wednesday  
                                                        consolidation                May 30, 2018  Jun 7, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,614,767   +    1,088   +  105,312 
  Reverse repurchase agreements (11)                                         260,593   +   15,039   -  139,136 
  Deposits                                                          (0)    2,397,845   -   24,408   -  106,624 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,031,965   +   26,078   -  238,881 
    U.S. Treasury, General Account                                           289,454   -   43,258   +  134,694 
    Foreign official                                                           5,260   +        5   -      101 
    Other (12)                                                      (0)       71,166   -    7,232   -    2,337 
  Deferred availability cash items                                  (0)          310   -      790   -      287 
  Other liabilities and accrued dividends (13)                                 6,209   +      737   -    1,176 
                                                                                                               
Total liabilities                                                   (0)    4,279,725   -    8,332   -  141,910 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,967   +        5   +    1,159 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,467   +        5   -    1,341 

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 6, 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                                             1,765          44          52          173         115         252         180         288          26          47         102         181         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,253,997      81,245   2,348,472      107,401     120,599     251,728     255,368     227,848      56,667      35,535      66,969     175,897     526,268
    Securities held outright (1)               4,116,856      78,628   2,272,824      103,942     116,714     243,620     247,122     220,490      54,809      34,355      64,809     170,231     509,313
      U.S. Treasury securities                 2,377,872      45,415   1,312,770       60,036      67,413     140,713     142,736     127,354      31,657      19,843      37,433      98,325     294,176
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,377,872      45,415   1,312,770       60,036      67,413     140,713     142,736     127,354      31,657      19,843      37,433      98,325     294,176
      Federal agency debt securities (2)           4,391          84       2,424          111         124         260         264         235          58          37          69         182         543
      Mortgage-backed securities (4)           1,734,593      33,129     957,630       43,795      49,176     102,646     104,122      92,901      23,093      14,475      27,307      71,725     214,594
    Unamortized premiums on securities held 
      outright (5)                               151,027       2,884      83,379        3,813       4,282       8,937       9,066       8,089       2,011       1,260       2,378       6,245      18,684
    Unamortized discounts on securities     
      held outright (5)                          -14,006        -267      -7,732         -354        -397        -829        -841        -750        -186        -117        -220        -579      -1,733
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            119           0           2            0           0           0          22          19          34          36           2           0           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      79           0           0            0           0           0          79           0           0           0           0           0           0
  Bank premises                                    2,187         110         443           73         119         196         202         199         107          95         234         220         190
  Central bank liquidity swaps (8)                    70           3          22            4           6          15           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,327         907       6,724        1,211       1,721       4,607       1,232         904         308          98         211         264       3,139
  Other assets (10)                               21,816         445      11,521          545         626       1,496       1,304       1,143         501         242         402         917       2,675
  Interdistrict settlement account                     0  +    8,070  +   51,338   -    5,035  -    5,458  +    3,585  +   20,149  -   12,111  -      883  -    1,364  -    7,443  -    3,180  -   47,668
                                                                                                                                                                                                         
Total assets                                   4,319,191      91,382   2,425,729      104,933     118,508     263,065     280,663     219,438      57,210      34,942      60,934     175,487     486,900

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 6, 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            1,785,098      59,218     605,595      54,147      87,742     125,523     253,393     113,389      51,999      30,360      47,187     138,475     218,071
    Less: Notes held by F.R. Banks               170,331       5,999      42,668       6,626       9,396      13,760      25,926      11,920       5,233       3,103       5,655      16,009      24,037
      Federal Reserve notes, net               1,614,767      53,218     562,928      47,522      78,346     111,762     227,468     101,468      46,767      27,257      41,532     122,466     194,034
  Reverse repurchase agreements (11)             260,593       4,977     143,868       6,579       7,388      15,421      15,643      13,957       3,469       2,175       4,102      10,775      32,239
  Deposits                                     2,397,845      31,319   1,703,816      48,298      29,356     126,735      34,779     101,970       6,208       4,938      14,750      41,468     254,210
    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                           2,031,965      31,288   1,388,104      48,295      29,293     126,522      34,742      52,297       6,203       4,937      14,676      41,404     254,202
    U.S. Treasury, General Account               289,454           0     289,454           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,260           2       5,233           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    71,166          29      21,025           1          59         204          34      49,671           5           0          73          63           2
  Deferred availability cash items                   310           0           0           0           0           0          70           0           0         240           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,350          28         685          32          46          74         112          76          27          13          25          66         165
  Other liabilities and accrued             
     dividends                                     4,859         177       1,968         208         214         568         321         311         142         141         142         223         443
                                                                                                                                                                                                        
Total liabilities                              4,279,725      89,720   2,413,264     102,639     115,350     254,560     278,392     217,783      56,613      34,763      60,551     174,999     481,091
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,967       1,343      10,101       1,868       2,552       6,885       1,838       1,337         488         145         308         396       4,705
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,319,191      91,382   2,425,729     104,933     118,508     263,065     280,663     219,438      57,210      34,942      60,934     175,487     486,900

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 6, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jun 6, 2018  

Federal Reserve notes outstanding                                                            1,785,098  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,331  
    Federal Reserve notes to be collateralized                                               1,614,767  
Collateral held against Federal Reserve notes                                                1,614,767  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,598,531  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,116,856  
  Less: Face value of securities under reverse repurchase agreements                           258,006  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,858,850  

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.