FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 17, 2019


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 16, 2019 
Federal Reserve Banks                                     Oct 16, 2019  Oct 9, 2019 Oct 17, 2018              

Reserve Bank credit                                         3,909,671   +      346   -  229,547    3,927,709  
  Securities held outright (1)                              3,593,000   +    3,500   -  386,407    3,588,569  
    U.S. Treasury securities                                2,121,713   +    1,824   -  172,525    2,123,085  
      Bills (2)                                                 6,002            0   +    5,902        6,002  
      Notes and bonds, nominal (2)                          1,970,194   +      572   -  186,401    1,971,567  
      Notes and bonds, inflation-indexed (2)                  120,993   +    1,143   +    5,414      120,993  
      Inflation compensation (3)                               24,523   +      108   +    2,559       24,523  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,468,940   +    1,676   -  213,820    1,463,137  
  Unamortized premiums on securities held outright (5)        127,845   -       45   -   16,467      127,617  
  Unamortized discounts on securities held outright (5)       -12,538   +       49   +    1,075      -12,526  
  Repurchase agreements (6)                                   174,364   -    4,957   +  174,364      197,700  
  Loans                                                            65   -       12   -      127           60  
    Primary credit                                                  2            0   -        6            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                63   -       11   -      121           60  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -117   -        5   +      113         -140  
  Central bank liquidity swaps (8)                                 43   +        4   -       46           43  
  Other Federal Reserve assets (9)                             27,008   +    1,811   -    2,046       26,385  
Foreign currency denominated assets (10)                       20,601   -       50   -      328       20,622  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,053   +       14   +      347       50,053  
                                                                                                              
Total factors supplying reserve funds                       3,996,566   +      311   -  229,528    4,014,624  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 16, 2019 
Federal Reserve Banks                                     Oct 16, 2019  Oct 9, 2019 Oct 17, 2018              

Currency in circulation (11)                                 1,770,807   +    4,474   +   79,670    1,772,562 
Reverse repurchase agreements (12)                             299,603   +    9,267   +   80,349      302,797 
  Foreign official and international accounts                  297,256   +   11,259   +   78,845      300,994 
  Others                                                         2,347   -    1,991   +    1,504        1,803 
Treasury cash holdings                                             198   +        8   -       29          201 
Deposits with F.R. Banks, other than reserve balances          400,110   +   12,642   -   16,812      424,684 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               324,604   +    6,413   -    8,319      361,497 
  Foreign official                                               5,186            0   -       70        5,186 
  Other (13)                                                    70,320   +    6,229   -    8,423       58,001 
Other liabilities and capital (14)                              45,481   +        8   +      461       44,509 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,516,198   +   26,397   +  143,637    2,544,753 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,480,368   -   26,087   -  373,165    1,469,871 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 16, 2019 
                                                          Oct 16, 2019  Oct 9, 2019 Oct 17, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,411,915   -    6,864   -   21,462    3,418,164 
  Marketable U.S. Treasury securities (1)                    2,964,905   -   12,078   -   93,910    2,971,849 
  Federal agency debt and mortgage-backed securities (2)       365,380   +    5,795   +   57,804      364,681 
  Other securities (3)                                          81,631   -      580   +   14,645       81,634 
Securities lent to dealers                                      25,935   -    1,792   +    8,957       25,081 
  Overnight facility (4)                                        25,935   -    1,792   +    8,957       25,081 
    U.S. Treasury securities                                    25,935   -    1,792   +    8,957       25,081 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 16, 2019    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           27            34             0             0             0           ...            60 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  15,683        63,032       267,651       849,095       302,407       625,217     2,123,085 
  Weekly changes                        +   15,655    -   14,529    +      475             0    -        1             0    +    1,600 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0           486         1,861         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             9           799        78,594     1,383,735     1,463,137 
  Weekly changes                                 0             0             0    -        7    -      550    -    3,579    -    4,136 
Repurchase agreements (4)                  197,700             0           ...           ...           ...           ...       197,700 
Central bank liquidity swaps (5)                43             0             0             0             0             0            43 
                                                                                                                                       
Reverse repurchase agreements (4)          302,797             0           ...           ...           ...           ...       302,797 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 16, 2019  

Mortgage-backed securities held outright (1)                                                                             1,463,137  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,533  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    8  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 16, 2019   Wednesday    Wednesday  
                                                        consolidation                 Oct 9, 2019 Oct 17, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,684   -       16   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,901,420   +   16,133   -  206,087  
    Securities held outright (1)                                          3,588,569   -    2,536   -  388,194  
      U.S. Treasury securities                                            2,123,085   +    1,600   -  171,160  
        Bills (2)                                                             6,002            0   +    5,902  
        Notes and bonds, nominal (2)                                      1,971,567   +    1,601   -  185,028  
        Notes and bonds, inflation-indexed (2)                              120,993            0   +    5,414  
        Inflation compensation (3)                                           24,523   -        1   +    2,552  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,463,137   -    4,136   -  216,972  
    Unamortized premiums on securities held outright  
    (5)                                                                     127,617   -      396   -   16,520  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,526   +       27   +    1,076  
    Repurchase agreements (6)                                               197,700   +   19,050   +  197,700  
    Loans                                                                        60   -       12   -      149  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           80   +       28   -       66  
  Bank premises                                                               2,186            0            0  
  Central bank liquidity swaps (8)                                               43   +        4   -       46  
  Foreign currency denominated assets (9)                                    20,622   +        3   -      267  
  Other assets (10)                                                          24,199   +      363   -    2,439  
                                                                                                               
Total assets                                                       (0)    3,966,471   +   16,516   -  208,975  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 16, 2019   Wednesday    Wednesday  
                                                        consolidation                 Oct 9, 2019 Oct 17, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,724,390   +    3,400   +   80,739 
  Reverse repurchase agreements (11)                                         302,797   +   11,688   +   82,420 
  Deposits                                                          (0)    1,894,555   +    2,214   -  372,162 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,469,871   -   58,523   -  361,747 
    U.S. Treasury, General Account                                           361,497   +   64,108   +      859 
    Foreign official                                                           5,186   +        1   -       70 
    Other (12)                                                      (0)       58,001   -    3,372   -   11,203 
  Deferred availability cash items                                  (0)          220   +       78   -       99 
  Other liabilities and accrued dividends (13)                                 5,186   -      864   -       60 
                                                                                                               
Total liabilities                                                   (0)    3,927,147   +   16,514   -  209,162 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,499   +        2   +      187 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,324   +        2   +      187 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, October 16, 2019
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         351       3,707          327         531         754       1,560         711         328         186         292         890       1,400
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,684          43          51          150         105         214         179         279          32          44         108         191         285
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,901,420      80,938   2,128,468       94,478     114,144     238,749     266,757     204,790      56,091      33,790      57,851     169,402     455,963
    Securities held outright (1)               3,588,569      74,449   1,957,818       86,903     104,992     219,608     245,361     188,369      51,577      31,053      53,213     155,820     419,406
      U.S. Treasury securities                 2,123,085      44,046   1,158,293       51,414      62,116     129,925     145,162     111,444      30,514      18,372      31,482      92,187     248,131
        Bills (2)                                  6,002         125       3,275          145         176         367         410         315          86          52          89         261         701
        Notes and bonds (3)                    2,117,083      43,921   1,155,018       51,269      61,940     129,558     144,751     111,129      30,428      18,320      31,393      91,926     247,429
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,463,137      30,354     798,245       35,432      42,808      89,539     100,039      76,802      21,029      12,661      21,696      63,531     171,001
    Unamortized premiums on securities held 
      outright (5)                               127,617       2,648      69,624        3,090       3,734       7,810       8,726       6,699       1,834       1,104       1,892       5,541      14,915
    Unamortized discounts on securities     
      held outright (5)                          -12,526        -260      -6,834         -303        -366        -767        -856        -658        -180        -108        -186        -544      -1,464
    Repurchase agreements (6)                    197,700       4,102     107,859        4,788       5,784      12,099      13,517      10,378       2,841       1,711       2,932       8,584      23,106
    Loans                                             60           0           0            0           0           0           9           2          19          31           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      80           0           0            0           0           0          79           0           0           1           0           0           0
  Bank premises                                    2,186         107         455           83         116         191         204         192         102          94         228         223         190
  Central bank liquidity swaps (8)                    43           2          14            2           3           9           3           2           1           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,622         888       6,545        1,191       1,646       4,397       1,199         861         314          98         200         255       3,027
  Other assets (10)                               24,199         519      12,789          581         719       1,694       1,642       1,242         417         247         441       1,106       2,801
  Interdistrict settlement account                     0  +   12,339  -  175,567   -   15,635  +   15,613  -      321  +   40,676  +   18,355  +    7,757  +    4,344  +    6,264  +   26,539  +   59,635
                                                                                                                                                                                                         
Total assets                                   3,966,471      95,383   1,978,281       81,387     133,115     246,100     312,953     226,857      65,193      38,894      65,538     198,889     523,882

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 16, 2019 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,935,227      58,195     642,075      55,433      91,850     132,201     272,083     124,923      57,392      31,156      51,156     161,246     257,517
    Less: Notes held by F.R. Banks               210,837       6,540      53,875       9,150       9,803      16,664      28,068      14,207       6,023       3,656       7,870      21,489      33,491
      Federal Reserve notes, net               1,724,390      51,656     588,201      46,283      82,047     115,537     244,015     110,715      51,369      27,499      43,286     139,757     224,026
  Reverse repurchase agreements (11)             302,797       6,282     165,197       7,333       8,859      18,530      20,703      15,894       4,352       2,620       4,490      13,148      35,389
  Deposits                                     1,894,555      35,467   1,209,521      26,034      38,733     103,316      45,394      98,420       8,693       8,224      17,205      45,238     258,311
    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                           1,469,871      35,442     822,438      26,032      38,703     102,625      45,356      61,777       8,687       8,173      17,174      45,158     258,304
    U.S. Treasury, General Account               361,497           0     361,497           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,186           2       5,159           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    58,001          23      20,427           0          26         682          35      36,640           5          51          30          79           1
  Deferred availability cash items                   220           0           0           0           0           0          86           0           0         134           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,096          22         619          29          32          58          96          50          18          10           7          54         102
  Other liabilities and accrued             
     dividends                                     4,089         169       1,525         172         191         487         294         270         140         146         153         214         329
                                                                                                                                                                                                        
Total liabilities                              3,927,147      93,595   1,965,062      79,851     129,862     237,928     310,587     225,349      64,572      38,634      65,141     198,410     518,156
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,499       1,494      11,053       1,142       2,708       6,716       1,969       1,223         518         228         331         394       4,724
  Surplus                                          6,825         294       2,166         394         545       1,455         397         285         104          32          66          84       1,002
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,966,471      95,383   1,978,281      81,387     133,115     246,100     312,953     226,857      65,193      38,894      65,538     198,889     523,882

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 16, 2019 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to the note on consolidation below.                                                                                                                                                               
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the
previous page (and in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other
liabilities in this table (and table 1 and table 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 16, 2019  

Federal Reserve notes outstanding                                                            1,935,227  
  Less: Notes held by F.R. Banks not subject to collateralization                              210,837  
    Federal Reserve notes to be collateralized                                               1,724,390  
Collateral held against Federal Reserve notes                                                1,724,390  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,708,153  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,786,269  
  Less: Face value of securities under reverse repurchase agreements                           283,608  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,502,661  

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.