FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 29, 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  Nov 28, 2018 
Federal Reserve Banks                                     Nov 28, 2018 Nov 21, 2018 Nov 29, 2017              

Reserve Bank credit                                         4,063,826   -    6,231   -  342,072    4,058,291  
  Securities held outright (1)                              3,913,760   -    6,413   -  321,254    3,908,994  
    U.S. Treasury securities                                2,253,103   +       36   -  203,797    2,253,117  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,115,384            0   -  212,314    2,115,384  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,042      115,579  
      Inflation compensation (3)                               22,141   +       37   +    2,475       22,154  
    Federal agency debt securities (2)                          2,409            0   -    1,982        2,409  
    Mortgage-backed securities (4)                          1,658,247   -    6,450   -  115,476    1,653,468  
  Unamortized premiums on securities held outright (5)        141,951   -      478   -   18,512      141,721  
  Unamortized discounts on securities held outright (5)       -13,523   +       30   +      713      -13,512  
  Repurchase agreements (6)                                         0   -        9            0            0  
  Loans                                                            76   -       15   +       26           84  
    Primary credit                                                 10   +        5   +        4            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                66   -       20   +       22           81  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,703            7  
  Float                                                          -180   -       31   +      267         -385  
  Central bank liquidity swaps (8)                                 67   +        9   +       32           68  
  Other Federal Reserve assets (9)                             21,670   +      679   -    1,639       21,314  
Foreign currency denominated assets (10)                       20,579   -      102   -      777       20,483  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,885   +       14   +      575       49,885  
                                                                                                              
Total factors supplying reserve funds                       4,150,531   -    6,319   -  342,274    4,144,901  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 28, 2018 
Federal Reserve Banks                                     Nov 28, 2018 Nov 21, 2018 Nov 29, 2017              

Currency in circulation (11)                                 1,706,212   +    3,293   +  106,974    1,706,501 
Reverse repurchase agreements (12)                             239,188   -    5,311   -   39,098      227,315 
  Foreign official and international accounts                  230,883   +    1,241   -      213      225,756 
  Others                                                         8,305   -    6,551   -   38,885        1,559 
Treasury cash holdings                                             207   -       11   +        4          203 
Deposits with F.R. Banks, other than reserve balances          421,560   +   15,536   +  149,775      408,352 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               340,596   +   10,394   +  168,314      332,336 
  Foreign official                                               5,259   +        2   +       93        5,257 
  Other (13)                                                    75,705   +    5,140   -   18,631       70,759 
Other liabilities and capital (14)                              44,706   -      756   -    3,692       43,848 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,411,872   +   12,751   +  213,963    2,386,219 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,738,659   -   19,070   -  556,236    1,758,681 

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  Nov 28, 2018 
                                                          Nov 28, 2018 Nov 21, 2018 Nov 29, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,401,805   -    3,314   +   14,502    3,399,960 
  Marketable U.S. Treasury securities (1)                    3,028,931   -    2,416   -   18,753    3,026,225 
  Federal agency debt and mortgage-backed securities (2)       306,844   -      893   +   43,056      307,306 
  Other securities (3)                                          66,029   -        7   -    9,802       66,429 
Securities lent to dealers                                      16,285   +      611   -    4,878       15,937 
  Overnight facility (4)                                        16,285   +      611   -    4,878       15,937 
    U.S. Treasury securities                                    16,285   +      611   -    4,878       15,937 
    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, November 28, 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                                           84             0             0             0             0           ...            84 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  24,916        78,011       306,254       961,680       263,727       618,528     2,253,117 
  Weekly changes                                 0             0             0    +        4    +       11    +       16    +       32 
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             3           201        61,043     1,592,221     1,653,468 
  Weekly changes                                 0             0             0    -        7    -      809    -    7,545    -    8,362 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                68             0             0             0             0             0            68 
                                                                                                                                       
Reverse repurchase agreements (4)          227,315             0           ...           ...           ...           ...       227,315 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 28, 2018  

Mortgage-backed securities held outright (1)                                                                             1,653,468  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                              212  
Commitments to sell mortgage-backed securities (2)                                                                              67  
                                                                                                                                    
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   
                                                                                                                      Nov 28, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
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.         
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       Nov 28, 2018   Wednesday    Wednesday  
                                                        consolidation                Nov 21, 2018 Nov 29, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,691   -        7   -      142  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,037,288   -    8,745   -  337,161  
    Securities held outright (1)                                          3,908,994   -    8,330   -  319,450  
      U.S. Treasury securities                                            2,253,117   +       32   -  203,842  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,115,384            0   -  212,314  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,042  
        Inflation compensation (3)                                           22,154   +       32   +    2,430  
      Federal agency debt securities (2)                                      2,409            0   -    1,982  
      Mortgage-backed securities (4)                                      1,653,468   -    8,362   -  113,627  
    Unamortized premiums on securities held outright  
    (5)                                                                     141,721   -      456   -   18,442  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,512   +       26   +      713  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        84   +       13   +       17  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,702  
  Items in process of collection                                   (0)           82   +        9   +       25  
  Bank premises                                                               2,200   +        8   -       11  
  Central bank liquidity swaps (8)                                               68   +       10   +       33  
  Foreign currency denominated assets (9)                                    20,483   -      182   -      813  
  Other assets (10)                                                          19,114   -      121   -    1,652  
                                                                                                               
Total assets                                                       (0)    4,097,170   -    9,028   -  341,422  

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       Nov 28, 2018   Wednesday    Wednesday  
                                                        consolidation                Nov 21, 2018 Nov 29, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,658,505   +      428   +  105,799 
  Reverse repurchase agreements (11)                                         227,315   -   23,554   -   67,329 
  Deposits                                                          (0)    2,167,034   +   15,434   -  375,478 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,758,681   +    1,174   -  512,492 
    U.S. Treasury, General Account                                           332,336   +   15,005   +  153,651 
    Foreign official                                                           5,257            0   +       90 
    Other (12)                                                      (0)       70,759   -      746   -   16,729 
  Deferred availability cash items                                  (0)          467   +      216   -    1,037 
  Other liabilities and accrued dividends (13)                                 4,720   -    1,553   -    1,188 
                                                                                                               
Total liabilities                                                   (0)    4,058,041   -    9,029   -  339,233 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,304   +        1   +      986 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,129   +        1   -    2,189 

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, November 28, 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                                             1,691          39          37          148         118         234         175         283          23          42         108         191         292
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,037,288      77,107   2,228,849      101,931     114,456     238,907     242,342     216,238      53,783      33,712      63,567     166,938     499,459
    Securities held outright (1)               3,908,994      74,658   2,158,068       98,694     110,821     231,319     234,644     209,357      52,042      32,621      61,537     161,636     483,598
      U.S. Treasury securities                 2,253,117      43,032   1,243,895       56,886      63,877     133,331     135,247     120,672      29,996      18,802      35,469      93,166     278,742
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,253,117      43,032   1,243,895       56,886      63,877     133,331     135,247     120,672      29,996      18,802      35,469      93,166     278,742
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,653,468      31,579     912,842       41,747      46,876      97,846      99,252      88,556      22,013      13,798      26,030      68,371     204,557
    Unamortized premiums on securities held 
      outright (5)                               141,721       2,707      78,241        3,578       4,018       8,386       8,507       7,590       1,887       1,183       2,231       5,860      17,533
    Unamortized discounts on securities     
      held outright (5)                          -13,512        -258      -7,459         -341        -383        -800        -811        -724        -180        -113        -213        -559      -1,672
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             84           1           0            0           0           1           2          14          34          21          12           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      82           0           0            0           0           0          82           0           0           0           0           0           0
  Bank premises                                    2,200         109         456           82         117         194         206         195         106          95         233         220         188
  Central bank liquidity swaps (8)                    68           3          21            4           5          15           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,483         872       6,458        1,163       1,653       4,425       1,184         868         296          94         203         254       3,015
  Other assets (10)                               19,114         394      10,042          474         545       1,305       1,140         994         455         203         346         893       2,322
  Interdistrict settlement account                     0  +    2,180  -   81,406   -    6,826  +    4,307  -    4,694  +   35,475  +      428  +    6,155  +    3,054  -    3,961  +    9,574  +   35,713
                                                                                                                                                                                                         
Total assets                                   4,097,170      81,264   2,169,908       97,536     121,983     241,571     282,752     220,171      61,303      37,490      60,956     179,257     542,979

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, November 28, 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            1,858,273      58,131     614,976      54,871      88,785     125,572     262,651     120,937      56,098      31,493      49,958     151,007     243,796
    Less: Notes held by F.R. Banks               199,768       5,950      59,955       7,351       8,949      13,741      30,264      12,800       5,375       2,812       5,872      17,290      29,410
      Federal Reserve notes, net               1,658,505      52,182     555,021      47,520      79,836     111,831     232,387     108,136      50,723      28,681      44,085     133,717     214,386
  Reverse repurchase agreements (11)             227,315       4,341     125,496       5,739       6,444      13,452      13,645      12,175       3,026       1,897       3,578       9,399      28,122
  Deposits                                     2,167,034      22,921   1,475,278      41,811      32,346     107,351      33,999      97,904       6,819       6,166      12,746      35,414     294,279
    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                           1,758,681      22,906   1,118,558      41,808      32,317     106,913      32,683      48,266       6,811       6,106      12,732      35,309     294,272
    U.S. Treasury, General Account               332,336           0     332,336           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,230           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    70,759          13      19,154           1          26         429       1,314      49,636           7          59          14         105           2
  Deferred availability cash items                   467           0           0           0           0           0          60           0           0         407           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   522           8         297           4          10          -8          62          21          12           7          14          43          50
  Other liabilities and accrued             
     dividends                                     4,197         178       1,373         206         215         579         325         296         131         148         151         206         389
                                                                                                                                                                                                        
Total liabilities                              4,058,041      79,630   2,157,465      95,280     118,851     233,205     280,478     218,532      60,711      37,306      60,575     178,780     537,227
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,304       1,343      10,292       1,868       2,581       6,891       1,880       1,350         493         152         313         392       4,747
  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                  4,097,170      81,264   2,169,908      97,536     121,983     241,571     282,752     220,171      61,303      37,490      60,956     179,257     542,979

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, November 28, 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   
                                                                                          Nov 28, 2018  

Federal Reserve notes outstanding                                                            1,858,273  
  Less: Notes held by F.R. Banks not subject to collateralization                              199,768  
    Federal Reserve notes to be collateralized                                               1,658,505  
Collateral held against Federal Reserve notes                                                1,658,505  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,642,268  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,908,994  
  Less: Face value of securities under reverse repurchase agreements                           227,164  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,681,830  

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.