FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                September 6, 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   Sep 5, 2018 
Federal Reserve Banks                                      Sep 5, 2018 Aug 29, 2018  Sep 6, 2017              

Reserve Bank credit                                         4,169,309   -   16,355   -  243,265    4,168,781  
  Securities held outright (1)                              4,014,244   -   15,302   -  225,361    4,012,617  
    U.S. Treasury securities                                2,314,829   -    9,742   -  150,466    2,313,202  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,177,374   -   10,632   -  159,752    2,175,602  
      Notes and bonds, inflation-indexed (2)                  115,438   +      846   +    6,026      115,579  
      Inflation compensation (3)                               21,917   +       44   +    3,160       21,921  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,697,006   -    5,560   -   70,547    1,697,006  
  Unamortized premiums on securities held outright (5)        146,411   -      373   -   16,935      146,268  
  Unamortized discounts on securities held outright (5)       -13,790   +        6   +      766      -13,776  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           239   -       54   +       30          261  
    Primary credit                                                 10   -       14   +        7            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               229   -       41   +       23          260  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,719   -        1   +       11        1,719  
  Float                                                          -540   -      324   -      126         -501  
  Central bank liquidity swaps (8)                                 90   -        2   +       55           90  
  Other Federal Reserve assets (9)                             20,936   -      306   -    1,704       22,104  
Foreign currency denominated assets (10)                       21,057   -       28   -      450       21,034  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,743   +       14   +      639       49,743  
                                                                                                              
Total factors supplying reserve funds                       4,256,350   -   16,368   -  243,075    4,255,799  

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   Sep 5, 2018 
Federal Reserve Banks                                      Sep 5, 2018 Aug 29, 2018  Sep 6, 2017              

Currency in circulation (11)                                 1,685,662   +    9,288   +  110,562    1,688,628 
Reverse repurchase agreements (12)                             236,679   -    5,559   -  150,003      229,652 
  Foreign official and international accounts                  236,229   -    3,200   -    8,374      229,642 
  Others                                                           450   -    2,359   -  141,629           10 
Treasury cash holdings                                             211   -        5   +       42          208 
Deposits with F.R. Banks, other than reserve balances          394,921   -   29,531   +  271,296      395,380 
  Term deposits held by depository institutions                      0   -    2,487            0            0 
  U.S. Treasury, General Account                               323,764   -   18,779   +  286,201      324,437 
  Foreign official                                               5,256            0   +       88        5,256 
  Other (13)                                                    65,901   -    8,264   -   14,992       65,686 
Other liabilities and capital (14)                              43,866   -    1,649   -    3,855       44,030 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,361,340   -   27,454   +  228,044    2,357,898 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,895,010   +   11,086   -  471,119    1,897,901 

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   Sep 5, 2018 
                                                           Sep 5, 2018 Aug 29, 2018  Sep 6, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,428,848   -      208   +   63,097    3,432,256 
  Marketable U.S. Treasury securities (1)                    3,060,274   +      405   +   20,266    3,064,214 
  Federal agency debt and mortgage-backed securities (2)       298,558   -      171   +   34,489      298,458 
  Other securities (3)                                          70,016   -      442   +    8,342       69,584 
Securities lent to dealers                                      17,288   -      704   -   10,244       16,990 
  Overnight facility (4)                                        17,288   -      704   -   10,244       16,990 
    U.S. Treasury securities                                    17,288   -      704   -   10,244       16,990 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 5, 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                                           33           227             0             0             0           ...           261 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       102,160       315,819     1,010,628       267,464       617,130     2,313,202 
  Weekly changes                        -   20,932    +   24,916    -   10,242    -    5,412    +      275    +        7    -   11,387 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           153        44,511     1,652,342     1,697,006 
  Weekly changes                                 0             0             0    +        9    +    1,874    -    1,882             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                90             0             0             0             0             0            90 
                                                                                                                                       
Reverse repurchase agreements (4)          229,652             0           ...           ...           ...           ...       229,652 
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   
                                                                                                                       Sep 5, 2018  

Mortgage-backed securities held outright (1)                                                                             1,697,006  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,734  
Commitments to sell mortgage-backed securities (2)                                                                              15  
                                                                                                                                    
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 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Sep 5, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,719  
                                                                                                                                    
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        Sep 5, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 29, 2018  Sep 6, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,755   -       13   -       79  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,145,369   -   11,689   -  243,155  
    Securities held outright (1)                                          4,012,617   -   11,387   -  226,982  
      U.S. Treasury securities                                            2,313,202   -   11,387   -  152,087  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,175,602   -   12,404   -  161,524  
        Notes and bonds, inflation-indexed (2)                              115,579   +      987   +    6,167  
        Inflation compensation (3)                                           21,921   +       30   +    3,170  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,697,006            0   -   70,547  
    Unamortized premiums on securities held outright  
    (5)                                                                     146,268   -      260   -   16,992  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,776   +        9   +      771  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       261   -       50   +       49  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,719   +        1   +       11  
  Items in process of collection                                   (0)          188   +      112   +       92  
  Bank premises                                                               2,179   -        4   -       18  
  Central bank liquidity swaps (8)                                               90   -        2   +       55  
  Foreign currency denominated assets (9)                                    21,034   -       64   -      589  
  Other assets (10)                                                          19,924   +    1,239   -    1,296  
                                                                                                               
Total assets                                                       (0)    4,208,496   -   10,418   -  244,978  

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        Sep 5, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 29, 2018  Sep 6, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,640,845   +    7,576   +  109,480 
  Reverse repurchase agreements (11)                                         229,652   -    2,780   -  162,271 
  Deposits                                                          (0)    2,293,280   -   14,477   -  188,636 
    Term deposits held by depository institutions                                  0   -    2,487            0 
    Other deposits held by depository institutions                         1,897,901   +   17,394   -  459,147 
    U.S. Treasury, General Account                                           324,437   -   20,818   +  285,775 
    Foreign official                                                           5,256   -        1   +       90 
    Other (12)                                                      (0)       65,686   -    8,565   -   15,353 
  Deferred availability cash items                                  (0)          689   +      115   -       60 
  Other liabilities and accrued dividends (13)                                 5,048   -      808   -    1,370 
                                                                                                               
Total liabilities                                                   (0)    4,169,514   -   10,374   -  242,857 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,157   -       45   +    1,055 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,982   -       45   -    2,120 

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, September 5, 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                                             1,755          44          40          160         116         246         187         291          32          43         107         203         285
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,145,369      79,167   2,288,421      104,655     117,515     245,291     248,834     222,021      55,311      34,678      65,262     171,400     512,812
    Securities held outright (1)               4,012,617      76,637   2,215,276      101,310     113,759     237,451     240,864     214,907      53,421      33,485      63,168     165,921     496,417
      U.S. Treasury securities                 2,313,202      44,180   1,277,067       58,403      65,580     136,886     138,854     123,890      30,796      19,304      36,415      95,650     286,176
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,313,102      44,178   1,277,011       58,401      65,577     136,880     138,848     123,885      30,795      19,303      36,414      95,646     286,163
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,697,006      32,411     936,879       42,846      48,111     100,422     101,866      90,888      22,593      14,161      26,715      70,171     209,944
    Unamortized premiums on securities held 
      outright (5)                               146,268       2,794      80,751        3,693       4,147       8,656       8,780       7,834       1,947       1,221       2,303       6,048      18,095
    Unamortized discounts on securities     
      held outright (5)                          -13,776        -263      -7,606         -348        -391        -815        -827        -738        -183        -115        -217        -570      -1,704
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            261           0           0            0           0           0          17          18         126          87           8           1           4
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,719           0       1,719            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     188           0           0            0           0           0         187           0           0           1           0           0           0
  Bank premises                                    2,179         109         443           76         117         195         204         196         106          95         233         218         188
  Central bank liquidity swaps (8)                    90           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,034         895       6,632        1,195       1,698       4,544       1,215         892         304          97         208         260       3,096
  Other assets (10)                               19,924         410      10,505          496         573       1,374       1,188       1,041         482         228         371         824       2,432
  Interdistrict settlement account                     0  -      126  -    2,930   -    7,377  +    3,221  +    7,146  +   35,356  -    6,905  +    2,440  +      302  -    6,416  +    7,899  -   32,609
                                                                                                                                                                                                         
Total assets                                   4,208,496      81,062   2,310,303       99,770     124,028     260,001     289,321     218,702      59,161      35,732      60,226     181,993     488,196

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, September 5, 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            1,816,313      58,481     606,038      54,819      87,696     125,830     263,029     119,649      55,099      30,415      47,409     149,974     217,875
    Less: Notes held by F.R. Banks               175,469       6,222      44,505       7,019       8,812      14,023      25,328      12,097       5,375       3,031       5,281      16,966      26,809
      Federal Reserve notes, net               1,640,845      52,259     561,533      47,799      78,883     111,807     237,700     107,553      49,724      27,384      42,128     133,008     191,066
  Reverse repurchase agreements (11)             229,652       4,386     126,786       5,798       6,511      13,590      13,785      12,300       3,057       1,916       3,615       9,496      28,411
  Deposits                                     2,293,280      22,597   1,607,675      43,710      35,301     125,693      35,012      96,885       5,630       5,604      13,940      38,740     262,492
    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                           1,897,901      22,563   1,258,374      43,708      35,207     125,194      34,976      51,695       5,621       5,549      13,920      38,609     262,485
    U.S. Treasury, General Account               324,437           0     324,437           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    65,686          32      19,635           1          91         491          33      45,188           9          54          20         131           1
  Deferred availability cash items                   689           0           0           0           0           0         190           0           0         498           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,120          27         550          25          34          53         106          68          24          14          30          61         129
  Other liabilities and accrued             
     dividends                                     3,928         159       1,389         181         192         496         296         266         137         140         137         204         330
                                                                                                                                                                                                        
Total liabilities                              4,169,514      79,429   2,297,933      97,514     120,921     251,639     287,090     217,071      58,573      35,555      59,851     181,510     482,428
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,157       1,343      10,219       1,868       2,556       6,887       1,836       1,342         489         146         308         399       4,764
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,208,496      81,062   2,310,303      99,770     124,028     260,001     289,321     218,702      59,161      35,732      60,226     181,993     488,196

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, September 5, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Sep 5, 2018  

Federal Reserve notes outstanding                                                            1,816,313  
  Less: Notes held by F.R. Banks not subject to collateralization                              175,469  
    Federal Reserve notes to be collateralized                                               1,640,845  
Collateral held against Federal Reserve notes                                                1,640,845  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,624,608  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,012,617  
  Less: Face value of securities under reverse repurchase agreements                           230,536  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,782,081  

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.