FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 14, 2019


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  Nov 13, 2019 
Federal Reserve Banks                                     Nov 13, 2019  Nov 6, 2019 Nov 14, 2018              

Reserve Bank credit                                         4,006,351   +    6,610   -   98,598    4,009,202  
  Securities held outright (1)                              3,647,833   +   17,466   -  294,497    3,653,964  
    U.S. Treasury securities                                2,199,094   +   16,845   -   71,315    2,201,529  
      Bills (2)                                                66,867   +   11,573   +   66,867       69,011  
      Notes and bonds, nominal (2)                          1,983,196   +    3,544   -  149,566    1,983,196  
      Notes and bonds, inflation-indexed (2)                  124,143   +    1,372   +    8,564      124,372  
      Inflation compensation (3)                               24,887   +      355   +    2,819       24,950  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,446,392   +      621   -  223,120    1,450,089  
  Unamortized premiums on securities held outright (5)        126,862   +      250   -   15,992      126,854  
  Unamortized discounts on securities held outright (5)       -12,723   +       32   +      766      -12,731  
  Repurchase agreements (6)                                   213,514   -   13,589   +  213,514      209,609  
  Loans                                                            24   -        1   -       71           37  
    Primary credit                                                  4   +        3   -       16           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                21   -        4   -       54           21  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -103   +       88   +       68         -150  
  Central bank liquidity swaps (8)                                 41   -        5   -        6           41  
  Other Federal Reserve assets (9)                             30,902   +    2,367   -    2,374       31,577  
Foreign currency denominated assets (10)                       20,526   -      195   -       17       20,531  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,078   +       14   +      348       50,078  
                                                                                                              
Total factors supplying reserve funds                       4,093,196   +    6,429   -   98,268    4,096,052  

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  Nov 13, 2019 
Federal Reserve Banks                                     Nov 13, 2019  Nov 6, 2019 Nov 14, 2018              

Currency in circulation (11)                                 1,786,912   +    4,625   +   85,973    1,787,932 
Reverse repurchase agreements (12)                             283,631   -   10,640   +   58,579      282,072 
  Foreign official and international accounts                  282,583   -    9,442   +   58,173      280,310 
  Others                                                         1,048   -    1,198   +      406        1,762 
Treasury cash holdings                                             193   -        3   -       36          185 
Deposits with F.R. Banks, other than reserve balances          444,636   +    4,029   +   25,700      437,792 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               381,955   +    4,926   +   40,861      370,185 
  Foreign official                                               5,183            0   -       75        5,183 
  Other (13)                                                    57,497   -      898   -   15,087       62,424 
Other liabilities and capital (14)                              45,509   +       43   +      583       45,406 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,560,880   -    1,947   +  170,799    2,553,388 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,532,316   +    8,377   -  269,067    1,542,664 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Nov 13, 2019 
                                                          Nov 13, 2019  Nov 6, 2019 Nov 14, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,420,430   +    1,565   +      291    3,420,042 
  Marketable U.S. Treasury securities (1)                    2,973,892   +      857   -   73,099    2,972,039 
  Federal agency debt and mortgage-backed securities (2)       362,712   +      383   +   56,075      363,993 
  Other securities (3)                                          83,827   +      327   +   17,316       84,010 
Securities lent to dealers                                      27,941   +      788   +   12,013       27,222 
  Overnight facility (4)                                        27,941   +      788   +   12,013       27,222 
    U.S. Treasury securities                                    27,941   +      788   +   12,013       27,222 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 13, 2019   

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                                           22            15             0             0             0           ...            37 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  41,805        66,967       287,950       867,266       310,038       627,503     2,201,529 
  Weekly changes                        -       17    +    1,001    +    2,018    +      538    +    1,460    +    2,211    +    7,211 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0           486         1,861         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0            15           953        77,491     1,371,630     1,450,089 
  Weekly changes                                 0             0             0             0             0    +    4,313    +    4,313 
Repurchase agreements (4)                  209,609             0           ...           ...           ...           ...       209,609 
Central bank liquidity swaps (5)                41             0             0             0             0             0            41 
                                                                                                                                       
Reverse repurchase agreements (4)          282,072             0           ...           ...           ...           ...       282,072 
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   
                                                                                                                      Nov 13, 2019  

Mortgage-backed securities held outright (1)                                                                             1,450,089  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,540  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 13, 2019   Wednesday    Wednesday  
                                                        consolidation                 Nov 6, 2019 Nov 14, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,667   -        7   -       54  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,977,733   +    6,286   -   95,405  
    Securities held outright (1)                                          3,653,964   +   11,523   -  289,690  
      U.S. Treasury securities                                            2,201,529   +    7,211   -   68,891  
        Bills (2)                                                            69,011   +    3,001   +   69,011  
        Notes and bonds, nominal (2)                                      1,983,196   +    2,201   -  149,566  
        Notes and bonds, inflation-indexed (2)                              124,372   +    1,601   +    8,793  
        Inflation compensation (3)                                           24,950   +      408   +    2,870  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,450,089   +    4,313   -  220,736  
    Unamortized premiums on securities held outright  
    (5)                                                                     126,854   +      250   -   15,934  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,731   +       50   +      749  
    Repurchase agreements (6)                                               209,609   -    5,551   +  209,609  
    Loans                                                                        37   +       15   -      139  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           95   +       19   -       61  
  Bank premises                                                               2,188   +        2   -        1  
  Central bank liquidity swaps (8)                                               41   -        5   -        6  
  Foreign currency denominated assets (9)                                    20,531   -       76   +        1  
  Other assets (10)                                                          29,389   +    2,218   -    2,478  
                                                                                                               
Total assets                                                       (0)    4,047,882   +    8,439   -   98,010  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 13, 2019   Wednesday    Wednesday  
                                                        consolidation                 Nov 6, 2019 Nov 14, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,739,702   +    2,967   +   84,831 
  Reverse repurchase agreements (11)                                         282,072   -    6,424   +   61,961 
  Deposits                                                          (0)    1,980,457   +   11,676   -  245,519 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,542,664   +   13,907   -  256,865 
    U.S. Treasury, General Account                                           370,185   -    7,999   +   41,499 
    Foreign official                                                           5,183            0   -       73 
    Other (12)                                                      (0)       62,424   +    5,767   -   30,081 
  Deferred availability cash items                                  (0)          245   +       47   -      159 
  Other liabilities and accrued dividends (13)                                 6,088   +      172   +      682 
                                                                                                               
Total liabilities                                                   (0)    4,008,563   +    8,437   -   98,205 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,493            0   +      194 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,318            0   +      194 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, November 13, 2019
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         351       3,707          327         531         754       1,560         711         328         186         292         890       1,400
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,667          43          47          150         106         212         173         276          34          46         109         186         285
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,977,733      82,522   2,170,116       96,326     116,377     243,421     271,973     208,795      57,170      34,435      58,983     172,716     464,899
    Securities held outright (1)               3,653,964      75,806   1,993,496       88,487     106,906     223,610     249,833     191,802      52,517      31,619      54,182     158,659     427,049
      U.S. Treasury securities                 2,201,529      45,673   1,201,090       53,314      64,411     134,726     150,525     115,561      31,642      19,050      32,645      95,593     257,299
        Bills (2)                                 69,011       1,432      37,650        1,671       2,019       4,223       4,718       3,622         992         597       1,023       2,997       8,066
        Notes and bonds (3)                    2,132,518      44,242   1,163,439       51,642      62,392     130,502     145,807     111,939      30,650      18,453      31,622      92,596     249,233
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,450,089      30,084     791,126       35,116      42,426      88,740      99,147      76,117      20,842      12,548      21,502      62,965     169,476
    Unamortized premiums on securities held 
      outright (5)                               126,854       2,632      69,208        3,072       3,711       7,763       8,673       6,659       1,823       1,098       1,881       5,508      14,826
    Unamortized discounts on securities     
      held outright (5)                          -12,731        -264      -6,946         -308        -372        -779        -870        -668        -183        -110        -189        -553      -1,488
    Repurchase agreements (6)                    209,609       4,349     114,357        5,076       6,133      12,827      14,332      11,003       3,013       1,814       3,108       9,101      24,498
    Loans                                             37           0           1            0           0           0           6           0           0          15           0           0          15
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      95           0           0            0           0           0          94           0           0           1           0           0           0
  Bank premises                                    2,188         107         455           84         116         191         204         193         102          94         228         224         189
  Central bank liquidity swaps (8)                    41           2          13            2           3           9           2           2           1           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,531         884       6,516        1,186       1,639       4,377       1,194         857         313          98         199         254       3,014
  Other assets (10)                               29,389         626      15,578          704         872       2,013       1,993       1,511         511         331         525       1,330       3,395
  Interdistrict settlement account                     0  +    3,770  -  135,893   -   15,059  +   15,343  +    2,370  +   32,419  +    9,860  +    8,827  +    4,730  +    7,721  +   25,887  +   40,024
                                                                                                                                                                                                         
Total assets                                   4,047,882      88,500   2,062,357       83,931     135,225     253,759     310,266     222,630      67,436      40,010      68,210     201,770     513,788

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, November 13, 2019 (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            1,947,241      59,651     641,768      56,247      93,415     133,018     272,816     126,175      58,334      31,180      52,558     162,911     259,167
    Less: Notes held by F.R. Banks               207,539       6,334      53,431       8,871       9,174      15,807      30,115      13,467       5,730       3,445       7,645      20,505      33,016
      Federal Reserve notes, net               1,739,702      53,317     588,337      47,376      84,241     117,211     242,701     112,708      52,605      27,735      44,913     142,407     226,151
  Reverse repurchase agreements (11)             282,072       5,852     153,890       6,831       8,253      17,262      19,286      14,806       4,054       2,441       4,183      12,248      32,967
  Deposits                                     1,980,457      27,338   1,304,292      27,968      39,229     110,493      45,394      93,241       9,980       9,216      18,530      46,346     248,429
    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                           1,542,664      27,324     901,480      27,966      39,196     110,087      45,359      58,940       9,977       9,158      18,511      46,244     248,422
    U.S. Treasury, General Account               370,185           0     370,185           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,183           2       5,156           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    62,424          12      27,471           0          30         398          33      34,300           3          57          19         102           1
  Deferred availability cash items                   245           0           0           0           0           0          77           0           0         167           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,424          26         807          33          39          70         115          69          22          12          18          70         144
  Other liabilities and accrued             
     dividends                                     4,663         180       1,813         187         211         550         328         297         153         158         170         239         378
                                                                                                                                                                                                        
Total liabilities                              4,008,563      86,712   2,049,139      82,395     131,972     245,587     307,901     221,122      66,814      39,729      67,814     201,310     508,068
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,493       1,494      11,053       1,142       2,708       6,717       1,968       1,223         517         248         330         375       4,718
  Surplus                                          6,825         294       2,166         394         545       1,455         397         285         104          32          66          84       1,002
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,047,882      88,500   2,062,357      83,931     135,225     253,759     310,266     222,630      67,436      40,010      68,210     201,770     513,788

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, November 13, 2019 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to the note on consolidation below.                                                                                                                                                               
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the
previous page (and in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other
liabilities in this table (and table 1 and table 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Nov 13, 2019  

Federal Reserve notes outstanding                                                            1,947,241  
  Less: Notes held by F.R. Banks not subject to collateralization                              207,539  
    Federal Reserve notes to be collateralized                                               1,739,702  
Collateral held against Federal Reserve notes                                                1,739,702  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,723,465  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,863,573  
  Less: Face value of securities under reverse repurchase agreements                           265,582  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,597,991  

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.