FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 13, 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 12, 2018 
Federal Reserve Banks                                     Sep 12, 2018  Sep 5, 2018 Sep 13, 2017              

Reserve Bank credit                                         4,170,556   +    1,247   -  246,783    4,171,398  
  Securities held outright (1)                              4,012,620   -    1,624   -  229,280    4,012,629  
    U.S. Treasury securities                                2,313,203   -    1,626   -  152,273    2,313,204  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,175,602   -    1,772   -  161,724    2,175,602  
      Notes and bonds, inflation-indexed (2)                  115,579   +      141   +    6,167      115,579  
      Inflation compensation (3)                               21,922   +        5   +    3,184       21,923  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,697,008   +        2   -   72,659    1,697,016  
  Unamortized premiums on securities held outright (5)        146,120   -      291   -   17,057      146,053  
  Unamortized discounts on securities held outright (5)       -13,758   +       32   +      770      -13,747  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           271   +       32   +       55          317  
    Primary credit                                                 42   +       32   +       40           65  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               229            0   +       15          252  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,719            0   +       11        1,720  
  Float                                                          -163   +      377   +       86         -220  
  Central bank liquidity swaps (8)                                 91   +        1   +        4           91  
  Other Federal Reserve assets (9)                             23,656   +    2,720   -    1,373       24,555  
Foreign currency denominated assets (10)                       21,027   -       30   -      658       21,054  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,757   +       14   +      636       49,757  
                                                                                                              
Total factors supplying reserve funds                       4,257,581   +    1,231   -  246,805    4,258,450  

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 12, 2018 
Federal Reserve Banks                                     Sep 12, 2018  Sep 5, 2018 Sep 13, 2017              

Currency in circulation (11)                                 1,686,977   +    1,315   +  107,505    1,686,970 
Reverse repurchase agreements (12)                             230,392   -    6,287   -  129,622      229,546 
  Foreign official and international accounts                  229,901   -    6,328   -   10,571      228,231 
  Others                                                           490   +       40   -  119,052        1,315 
Treasury cash holdings                                             208   -        3   +       37          208 
Deposits with F.R. Banks, other than reserve balances          373,827   -   21,094   +  216,941      372,664 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               303,654   -   20,110   +  233,422      297,697 
  Foreign official                                               5,256            0   +       91        5,256 
  Other (13)                                                    64,917   -      984   -   16,571       69,711 
Other liabilities and capital (14)                              45,201   +    1,335   -    3,710       45,055 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,336,605   -   24,735   +  191,151    2,334,442 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,920,976   +   25,966   -  437,957    1,924,008 

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 12, 2018 
                                                          Sep 12, 2018  Sep 5, 2018 Sep 13, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,421,806   -    7,042   +   49,439    3,424,884 
  Marketable U.S. Treasury securities (1)                    3,053,960   -    6,314   +    7,429    3,057,258 
  Federal agency debt and mortgage-backed securities (2)       298,530   -       28   +   34,506      298,548 
  Other securities (3)                                          69,315   -      701   +    7,503       69,078 
Securities lent to dealers                                      17,371   +       83   -    7,769       18,775 
  Overnight facility (4)                                        17,371   +       83   -    7,769       18,775 
    U.S. Treasury securities                                    17,371   +       83   -    7,769       18,775 
    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 12, 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                                          140           178             0             0             0           ...           317 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       102,160       315,819     1,010,629       267,465       617,131     2,313,204 
  Weekly changes                                 0             0             0    +        1    +        1    +        1    +        2 
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           154        44,511     1,652,352     1,697,016 
  Weekly changes                                 0             0             0    +        1             0    +       10    +       10 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                91             0             0             0             0             0            91 
                                                                                                                                       
Reverse repurchase agreements (4)          229,546             0           ...           ...           ...           ...       229,546 
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 12, 2018  

Mortgage-backed securities held outright (1)                                                                             1,697,016  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            8,593  
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 12, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,720  
                                                                                                                                    
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 12, 2018   Wednesday    Wednesday  
                                                        consolidation                 Sep 5, 2018 Sep 13, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,759   +        4   -       70  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,145,252   -      117   -  258,586  
    Securities held outright (1)                                          4,012,629   +       12   -  241,942  
      U.S. Treasury securities                                            2,313,204   +        2   -  152,264  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,175,602            0   -  161,724  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,923   +        2   +    3,193  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,697,016   +       10   -   85,330  
    Unamortized premiums on securities held outright  
    (5)                                                                     146,053   -      215   -   17,509  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,747   +       29   +      768  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       317   +       56   +       97  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,720   +        1   +       12  
  Items in process of collection                                   (0)          143   -       45   +       61  
  Bank premises                                                               2,180   +        1   -       17  
  Central bank liquidity swaps (8)                                               91   +        1   +        4  
  Foreign currency denominated assets (9)                                    21,054   +       20   -      377  
  Other assets (10)                                                          22,376   +    2,452   -    1,389  
                                                                                                               
Total assets                                                       (0)    4,210,812   +    2,316   -  260,362  

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 12, 2018   Wednesday    Wednesday  
                                                        consolidation                 Sep 5, 2018 Sep 13, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,639,176   -    1,669   +  105,592 
  Reverse repurchase agreements (11)                                         229,546   -      106   -  137,173 
  Deposits                                                          (0)    2,296,673   +    3,393   -  224,844 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,924,009   +   26,108   -  436,181 
    U.S. Treasury, General Account                                           297,697   -   26,740   +  224,477 
    Foreign official                                                           5,256            0   +       91 
    Other (12)                                                      (0)       69,711   +    4,025   -   13,231 
  Deferred availability cash items                                  (0)          362   -      327   -       60 
  Other liabilities and accrued dividends (13)                                 6,068   +    1,020   -    1,755 
                                                                                                               
Total liabilities                                                   (0)    4,171,825   +    2,311   -  258,241 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,161   +        4   +    1,052 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,986   +        4   -    2,123 

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 12, 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                                             1,759          43          41          161         117         242         190         290          33          44         107         203         290
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,145,252      79,166   2,288,325      104,651     117,510     245,281     248,826     222,061      55,308      34,677      65,261     171,393     512,792
    Securities held outright (1)               4,012,629      76,637   2,215,282      101,310     113,759     237,452     240,865     214,908      53,421      33,485      63,168     165,921     496,419
      U.S. Treasury securities                 2,313,204      44,180   1,277,068       58,404      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)                    2,313,104      44,178   1,277,013       58,401      65,577     136,881     138,848     123,885      30,795      19,303      36,414      95,646     286,164
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,697,016      32,411     936,885       42,846      48,111     100,423     101,866      90,889      22,593      14,162      26,715      70,171     209,945
    Unamortized premiums on securities held 
      outright (5)                               146,053       2,789      80,633        3,688       4,141       8,643       8,767       7,822       1,944       1,219       2,299       6,039      18,069
    Unamortized discounts on securities     
      held outright (5)                          -13,747        -263      -7,590         -347        -390        -814        -825        -736        -183        -115        -216        -568      -1,701
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            317           2           0            0           0           0          19          68         126          88          10           1           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,720           0       1,720            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     143           0           0            0           0           0         142           0           0           0           0           0           0
  Bank premises                                    2,180         109         443           76         117         195         204         196         106          95         233         218         188
  Central bank liquidity swaps (8)                    91           4          29            5           7          20           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,054         896       6,638        1,196       1,699       4,548       1,217         892         304          97         209         261       3,099
  Other assets (10)                               22,376         455      11,842          557         641       1,522       1,334       1,169         507         252         414         951       2,732
  Interdistrict settlement account                     0  -      560  -    4,936   -    7,994  +    3,595  +   26,255  +   33,111  -    7,019  +    2,438  +       19  -    7,435  +    4,995  -   42,468
                                                                                                                                                                                                         
Total assets                                   4,210,812      80,673   2,309,546       99,211     124,468     279,249     287,172     218,757      59,181      35,473      59,249     179,210     478,624

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 12, 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            1,819,169      58,525     608,722      54,861      87,726     125,725     263,076     119,732      55,211      30,493      47,555     149,832     217,712
    Less: Notes held by F.R. Banks               179,993       6,316      46,244       7,052       9,084      13,594      25,619      12,583       5,496       3,069       5,455      17,357      28,125
      Federal Reserve notes, net               1,639,176      52,208     562,477      47,810      78,642     112,131     237,458     107,149      49,715      27,424      42,099     132,475     189,587
  Reverse repurchase agreements (11)             229,546       4,384     126,727       5,796       6,508      13,584      13,779      12,294       3,056       1,916       3,614       9,492      28,398
  Deposits                                     2,296,673      22,246   1,605,378      43,115      35,961     144,555      33,162      97,301       5,659       5,565      12,982      36,471     254,277
    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                           1,924,009      22,213   1,280,471      43,112      35,838     143,886      33,127      50,809       5,650       5,510      12,970      36,153     254,269
    U.S. Treasury, General Account               297,697           0     297,697           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,228           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    69,711          31      21,982           1         120         661          33      46,490           9          55          11         317           2
  Deferred availability cash items                   362           0           0           0           0           0         129           0           0         233           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,282          27         684          32          40          60          97          66          21          11          30          64         150
  Other liabilities and accrued             
     dividends                                     4,787         174       1,907         203         210         557         316         313         142         149         149         224         443
                                                                                                                                                                                                        
Total liabilities                              4,171,825      79,039   2,297,173      96,955     121,361     270,887     284,941     217,124      58,593      35,297      58,873     178,726     472,855
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,161       1,343      10,221       1,868       2,556       6,887       1,837       1,344         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                  4,210,812      80,673   2,309,546      99,211     124,468     279,249     287,172     218,757      59,181      35,473      59,249     179,210     478,624

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 12, 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 12, 2018  

Federal Reserve notes outstanding                                                            1,819,169  
  Less: Notes held by F.R. Banks not subject to collateralization                              179,993  
    Federal Reserve notes to be collateralized                                               1,639,176  
Collateral held against Federal Reserve notes                                                1,639,176  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,622,939  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,012,629  
  Less: Face value of securities under reverse repurchase agreements                           230,783  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,781,846  

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.