FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  October 3, 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   Oct 2, 2019 
Federal Reserve Banks                                      Oct 2, 2019 Sep 25, 2019  Oct 3, 2018              

Reserve Bank credit                                         3,892,425   +   83,910   -  253,339    3,906,708  
  Securities held outright (1)                              3,582,324   -    5,666   -  406,926    3,586,738  
    U.S. Treasury securities                                2,112,718   +    5,313   -  192,348    2,117,130  
      Bills (2)                                                 6,002            0   +    5,902        6,002  
      Notes and bonds, nominal (2)                          1,963,674   +    4,726   -  203,782    1,967,364  
      Notes and bonds, inflation-indexed (2)                  118,680   +      534   +    3,101      119,392  
      Inflation compensation (3)                               24,363   +       54   +    2,432       24,372  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,467,258   -   10,980   -  214,517    1,467,260  
  Unamortized premiums on securities held outright (5)        127,088   -      478   -   17,716      127,155  
  Unamortized discounts on securities held outright (5)       -12,686   +       40   +      983      -12,646  
  Repurchase agreements (6)                                   171,800   +   89,550   +  171,800      181,050  
  Loans                                                            98   +        3   -      229          114  
    Primary credit                                                  9   +        5   -       66           31  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                90            0   -      162           82  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -592   -      463   +       37         -437  
  Central bank liquidity swaps (8)                                973   +      931   +      899          973  
  Other Federal Reserve assets (9)                             23,420   -        7   -    2,180       23,762  
Foreign currency denominated assets (10)                       20,557   -       60   -      315       20,699  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,081   +       14   +      390       50,081  
                                                                                                              
Total factors supplying reserve funds                       3,979,304   +   83,864   -  253,264    3,993,729  

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   Oct 2, 2019 
Federal Reserve Banks                                      Oct 2, 2019 Sep 25, 2019  Oct 3, 2018              

Currency in circulation (11)                                 1,762,882   +    1,141   +   76,240    1,765,667 
Reverse repurchase agreements (12)                             291,981   -    2,110   +   35,508      288,618 
  Foreign official and international accounts                  287,125   -    1,912   +   57,192      285,564 
  Others                                                         4,855   -      199   -   21,685        3,054 
Treasury cash holdings                                             181   +       11   -       34          189 
Deposits with F.R. Banks, other than reserve balances          410,510   +   16,459   -   33,193      408,227 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               335,171   +   20,982   -   32,836      335,185 
  Foreign official                                               5,186   +        1   -       70        5,186 
  Other (13)                                                    70,153   -    4,524   -      287       67,856 
Other liabilities and capital (14)                              44,551   -      665   +      592       44,317 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,510,105   +   14,836   +   79,113    2,507,018 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,469,200   +   69,029   -  332,376    1,486,710 

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   Oct 2, 2019 
                                                           Oct 2, 2019 Sep 25, 2019  Oct 3, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,441,427   -   17,136   +    5,310    3,436,380 
  Marketable U.S. Treasury securities (1)                    2,999,367   -   16,025   -   61,427    2,994,386 
  Federal agency debt and mortgage-backed securities (2)       359,681   -    1,490   +   52,862      359,529 
  Other securities (3)                                          82,379   +      380   +   13,875       82,465 
Securities lent to dealers                                      31,852   -       14   +   13,530       31,587 
  Overnight facility (4)                                        31,852   -       14   +   13,530       31,587 
    U.S. Treasury securities                                    31,852   -       14   +   13,530       31,587 
    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, October 2, 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                                           62            51             0             0             0           ...           114 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     128        77,461       267,176       848,695       302,345       621,326     2,117,130 
  Weekly changes                        -   12,957    +   10,893    -    2,266    +    9,010    +    4,739    +       30    +    9,447 
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             9           640        75,947     1,390,663     1,467,260 
  Weekly changes                                 0             0    +        2    -        2             0    +        3    +        3 
Repurchase agreements (4)                  181,050             0           ...           ...           ...           ...       181,050 
Central bank liquidity swaps (5)               973             0             0             0             0             0           973 
                                                                                                                                       
Reverse repurchase agreements (4)          288,618             0           ...           ...           ...           ...       288,618 
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   
                                                                                                                       Oct 2, 2019  

Mortgage-backed securities held outright (1)                                                                             1,467,260  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            6,213  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   19  



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        Oct 2, 2019   Wednesday    Wednesday  
                                                        consolidation                Sep 25, 2019  Oct 3, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,702   +        4   -       60  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,882,410   +   85,581   -  227,432  
    Securities held outright (1)                                          3,586,738   +    9,451   -  391,656  
      U.S. Treasury securities                                            2,117,130   +    9,447   -  177,080  
        Bills (2)                                                             6,002            0   +    5,902  
        Notes and bonds, nominal (2)                                      1,967,364   +    8,159   -  189,231  
        Notes and bonds, inflation-indexed (2)                              119,392   +    1,246   +    3,813  
        Inflation compensation (3)                                           24,372   +       42   +    2,436  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,467,260   +        3   -  214,515  
    Unamortized premiums on securities held outright  
    (5)                                                                     127,155   -        6   -   17,555  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,646   +       68   +    1,012  
    Repurchase agreements (6)                                               181,050   +   76,050   +  181,050  
    Loans                                                                       114   +       18   -      283  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           49   -        4   -       85  
  Bank premises                                                               2,183   -        7   +        4  
  Central bank liquidity swaps (8)                                              973   +      931   +      899  
  Foreign currency denominated assets (9)                                    20,699   +      137   -       83  
  Other assets (10)                                                          21,579   +    1,474   -    2,107  
                                                                                                               
Total assets                                                       (0)    3,945,831   +   88,116   -  228,873  

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        Oct 2, 2019   Wednesday    Wednesday  
                                                        consolidation                Sep 25, 2019  Oct 3, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,717,473   +    2,740   +   75,371 
  Reverse repurchase agreements (11)                                         288,618   -    1,923   +   58,571 
  Deposits                                                          (0)    1,894,938   +   87,302   -  363,537 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,486,710   +   59,421   -  350,877 
    U.S. Treasury, General Account                                           335,185   +   29,375   -   15,096 
    Foreign official                                                           5,186   -        1   -       71 
    Other (12)                                                      (0)       67,856   -    1,495   +    2,506 
  Deferred availability cash items                                  (0)          486   +      351   +      160 
  Other liabilities and accrued dividends (13)                                 5,005   -      382   +      360 
                                                                                                               
Total liabilities                                                   (0)    3,906,519   +   88,086   -  229,075 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,487   +       30   +      203 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,312   +       30   +      203 

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, October 2, 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                                             1,702          47          49          150         105         217         180         285          33          45         110         194         288
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,882,410      80,543   2,118,067       94,016     113,611     237,583     265,457     203,792      55,817      33,639      57,569     168,574     453,742
    Securities held outright (1)               3,586,738      74,411   1,956,819       86,859     104,939     219,496     245,236     188,273      51,551      31,037      53,186     155,740     419,192
      U.S. Treasury securities                 2,117,130      43,922   1,155,044       51,270      61,942     129,561     144,755     111,131      30,429      18,320      31,394      91,928     247,435
        Bills (2)                                  6,002         125       3,275          145         176         367         410         315          86          52          89         261         701
        Notes and bonds (3)                    2,111,128      43,798   1,151,770       51,124      61,766     129,194     144,344     110,816      30,342      18,268      31,305      91,668     246,733
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,467,260      30,440     800,494       35,532      42,928      89,791     100,321      77,018      21,088      12,697      21,757      63,710     171,483
    Unamortized premiums on securities held 
      outright (5)                               127,155       2,638      69,372        3,079       3,720       7,781       8,694       6,675       1,828       1,100       1,885       5,521      14,861
    Unamortized discounts on securities     
      held outright (5)                          -12,646        -262      -6,899         -306        -370        -774        -865        -664        -182        -109        -188        -549      -1,478
    Repurchase agreements (6)                    181,050       3,756      98,776        4,384       5,297      11,080      12,379       9,504       2,602       1,567       2,685       7,861      21,160
    Loans                                            114           0           0            0          25           0          13           5          18          45           1           0           7
  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                      49           0           0            0           0           0          48           0           0           0           0           0           0
  Bank premises                                    2,183         107         455           82         116         191         204         192         102          94         228         222         190
  Central bank liquidity swaps (8)                   973          42         309           56          78         207          57          41          15           5           9          12         143
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,699         887       6,632        1,191       1,645       4,394       1,198         860         314          98         200         255       3,025
  Other assets (10)                               21,579         465      11,381          519         643       1,530       1,465       1,108         382         249         397         939       2,500
  Interdistrict settlement account                     0  +   11,339  -  170,264   -   13,738  +    6,893  +   22,725  +   38,250  +   22,757  +    7,450  +    4,271  +    4,085  +   27,909  +   38,324
                                                                                                                                                                                                         
Total assets                                   3,945,831      93,977   1,972,154       82,813     123,859     268,012     309,073     230,169      64,590      38,677      63,043     199,278     500,185

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, October 2, 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            1,931,285      57,995     641,378      55,510      91,293     131,697     272,694     124,383      56,784      31,197      50,650     160,702     257,002
    Less: Notes held by F.R. Banks               213,812       6,797      53,035       9,475       9,984      16,497      30,341      14,544       6,321       3,583       8,142      21,326      33,768
      Federal Reserve notes, net               1,717,473      51,198     588,343      46,036      81,308     115,200     242,353     109,840      50,463      27,614      42,508     139,376     223,233
  Reverse repurchase agreements (11)             288,618       5,988     157,461       6,989       8,444      17,662      19,734      15,150       4,148       2,497       4,280      12,532      33,732
  Deposits                                     1,894,938      34,834   1,210,990      28,063      30,657     126,492      44,189     103,361       9,208       7,717      15,704      46,621     237,102
    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                           1,486,710      34,825     849,478      28,061      30,623     125,881      44,153      57,648       9,204       7,621      15,676      46,445     237,096
    U.S. Treasury, General Account               335,185           0     335,185           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,186           2       5,159           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    67,856           7      21,168           1          31         602          33      45,712           3          97          28         176           0
  Deferred availability cash items                   486           0           0           0           0           0          50           0           0         436           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   961           8         591          20          10          -1          99          48          16          11          15          62          82
  Other liabilities and accrued             
     dividends                                     4,044         162       1,551         168         187         488         284         263         141         141         142         208         310
                                                                                                                                                                                                        
Total liabilities                              3,906,519      92,190   1,958,936      81,276     120,607     259,841     306,708     228,662      63,975      38,417      62,649     198,799     494,459
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,487       1,494      11,053       1,142       2,707       6,716       1,969       1,222         511         228         328         394       4,724
  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                  3,945,831      93,977   1,972,154      82,813     123,859     268,012     309,073     230,169      64,590      38,677      63,043     199,278     500,185

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, October 2, 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   
                                                                                           Oct 2, 2019  

Federal Reserve notes outstanding                                                            1,931,285  
  Less: Notes held by F.R. Banks not subject to collateralization                              213,812  
    Federal Reserve notes to be collateralized                                               1,717,473  
Collateral held against Federal Reserve notes                                                1,717,473  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,701,236  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,767,788  
  Less: Face value of securities under reverse repurchase agreements                           277,288  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,490,499  

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.