FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 February 1, 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  Jan 31, 2018 
Federal Reserve Banks                                     Jan 31, 2018 Jan 24, 2018  Feb 1, 2017              

Reserve Bank credit                                         4,388,002   -   12,214   -   27,087    4,377,804  
  Securities held outright (1)                              4,210,602   -   11,453   -   13,635    4,201,346  
    U.S. Treasury securities                                2,445,467   -    1,542   -   17,969    2,436,211  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,318,485   -    1,816   -   23,486    2,307,591  
      Notes and bonds, inflation-indexed (2)                  107,776   +      273   +    3,434      109,413  
      Inflation compensation (3)                               19,206   +        1   +    2,083       19,206  
    Federal agency debt securities (2)                          4,391            0   -   11,789        4,391  
    Mortgage-backed securities (4)                          1,760,744   -    9,911   +   16,123    1,760,743  
  Unamortized premiums on securities held outright (5)        157,438   -      617   -   13,876      157,337  
  Unamortized discounts on securities held outright (5)       -14,067   +       26   +      993      -14,094  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            71   +        6   +       54           54  
    Primary credit                                                 63   +        2   +       49           46  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 8   +        4   +        5            8  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,714   -        1   +        7        1,715  
  Float                                                          -384   -      214   +      237       -1,038  
  Central bank liquidity swaps (8)                                673   +      601   +      281          673  
  Other Federal Reserve assets (9)                             31,955   -      562   -    1,149       31,811  
Foreign currency denominated assets (10)                       22,136   +      304   +    2,261       22,110  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,438   +       14   +      824       49,438  
                                                                                                              
Total factors supplying reserve funds                       4,475,817   -   11,896   -   24,002    4,465,593  

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  Jan 31, 2018 
Federal Reserve Banks                                     Jan 31, 2018 Jan 24, 2018  Feb 1, 2017              

Currency in circulation (11)                                 1,605,764   -    1,927   +  107,363    1,607,532 
Reverse repurchase agreements (12)                             266,656   -      167   -  105,061      310,476 
  Foreign official and international accounts                  237,268   -    2,947   -   14,964      244,679 
  Others                                                        29,388   +    2,779   -   90,097       65,797 
Treasury cash holdings                                             259   +       10   +       40          267 
Deposits with F.R. Banks, other than reserve balances          351,409   -    2,706   -   76,114      357,789 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               270,244   +    1,126   -  104,597      275,794 
  Foreign official                                               5,254   +        1   +       65        5,255 
  Other (13)                                                    75,912   -    3,832   +   28,420       76,740 
Other liabilities and capital (14)                              48,099   +      208   +    1,264       47,153 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,272,187   -    4,582   -   72,506    2,323,217 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,203,630   -    7,314   +   48,504    2,142,376 

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  Jan 31, 2018 
                                                          Jan 31, 2018 Jan 24, 2018  Feb 1, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,366,298   +   14,420   +  200,991    3,374,135 
  Marketable U.S. Treasury securities (1)                    3,025,996   +   14,460   +  178,525    3,032,653 
  Federal agency debt and mortgage-backed securities (2)       261,216   -      121   +    5,181      262,406 
  Other securities (3)                                          79,086   +       81   +   17,285       79,076 
Securities lent to dealers                                      23,421   +    1,365   +    8,118       26,909 
  Overnight facility (4)                                        23,421   +    1,365   +    8,118       26,909 
    U.S. Treasury securities                                    23,421   +    1,365   +    8,173       26,909 
    Federal agency debt securities                                   0            0   -       55            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, January 31, 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                                           54             0             0             0             0           ...            54 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  16,563        97,821       297,078     1,081,309       322,166       621,274     2,436,211 
  Weekly changes                        -   11,284    +   17,783    -   20,155    -    2,592    +    5,450    +        1    -   10,798 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           174        26,435     1,734,134     1,760,743 
  Weekly changes                                 0             0             0    -        5    -      467    -    9,839    -   10,311 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               673             0             0             0             0             0           673 
                                                                                                                                       
Reverse repurchase agreements (4)          310,476             0           ...           ...           ...           ...       310,476 
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   
                                                                                                                      Jan 31, 2018  

Mortgage-backed securities held outright (1)                                                                             1,760,743  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,955  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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   
                                                                                                                      Jan 31, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 31, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 24, 2018  Feb 1, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,945   +       22   -        6  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,344,643   -   21,708   -   35,742  
    Securities held outright (1)                                          4,201,346   -   21,108   -   22,896  
      U.S. Treasury securities                                            2,436,211   -   10,798   -   27,215  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,307,591   -   12,710   -   33,791  
        Notes and bonds, inflation-indexed (2)                              109,413   +    1,910   +    4,483  
        Inflation compensation (3)                                           19,206   +        1   +    2,092  
      Federal agency debt securities (2)                                      4,391            0   -   11,789  
      Mortgage-backed securities (4)                                      1,760,743   -   10,311   +   16,107  
    Unamortized premiums on securities held outright  
    (5)                                                                     157,337   -      588   -   13,866  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,094   -       12   +      976  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        54            0   +       44  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715   +        1   +       10  
  Items in process of collection                                   (0)           91   +       10   +        9  
  Bank premises                                                               2,210   +        3   +       13  
  Central bank liquidity swaps (8)                                              673   +      601   +      281  
  Foreign currency denominated assets (9)                                    22,110   +       39   +    2,114  
  Other assets (10)                                                          29,601   -    1,060   -    1,334  
                                                                                                               
Total assets                                                       (0)    4,419,225   -   22,092   -   34,656  

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       Jan 31, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 24, 2018  Feb 1, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,560,302   +      877   +  106,580 
  Reverse repurchase agreements (11)                                         310,476   +   35,773   -   81,303 
  Deposits                                                          (0)    2,500,165   -   59,480   -   61,140 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,142,376   -   39,844   -   29,717 
    U.S. Treasury, General Account                                           275,794   -      169   -   63,435 
    Foreign official                                                           5,255   +        1   -       80 
    Other (12)                                                      (0)       76,740   -   19,468   +   32,092 
  Deferred availability cash items                                  (0)        1,129   +      830   +      736 
  Other liabilities and accrued dividends (13)                                 5,666   -      170   -      560 
                                                                                                               
Total liabilities                                                   (0)    4,377,738   -   22,169   -   35,688 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,487   +       77   +    1,032 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,487   +       77   +    1,032 

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, January 31, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,945          54          50          195         147         274         201         309          38          51         113         205         310
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,344,643      84,649   2,446,402      112,175     125,989     254,552     255,738     182,754      57,940      33,884      61,627     173,927     555,005
    Securities held outright (1)               4,201,346      81,858   2,365,743      108,477     121,835     246,159     247,307     176,703      56,024      32,756      59,585     168,192     536,706
      U.S. Treasury securities                 2,436,211      47,466   1,371,811       62,902      70,648     142,739     143,404     102,464      32,486      18,994      34,551      97,529     311,217
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,436,211      47,466   1,371,811       62,902      70,648     142,739     143,404     102,464      32,486      18,994      34,551      97,529     311,217
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,760,743      34,306     991,460       45,462      51,060     103,163     103,644      74,055      23,479      13,728      24,971      70,488     224,928
    Unamortized premiums on securities held 
      outright (5)                               157,337       3,066      88,595        4,062       4,563       9,218       9,261       6,617       2,098       1,227       2,231       6,299      20,099
    Unamortized discounts on securities     
      held outright (5)                          -14,094        -275      -7,936         -364        -409        -826        -830        -593        -188        -110        -200        -564      -1,800
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             54           0           0            0           0           0           0          26           6          11          11           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      91           0           0            0           0           0          91           0           0           0           0           0           0
  Bank premises                                    2,210         113         453           73         121         197         203         203         109          87         236         221         192
  Central bank liquidity swaps (8)                   673          29         215           36          55         145          39          28           7           3           7           9          99
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,110         958       7,091        1,188       1,800       4,775       1,289         925         242          93         215         282       3,254
  Other assets (10)                               29,601         622      16,197          761         875       1,944       1,766       1,246         506         250         498       1,187       3,749
  Interdistrict settlement account                     0  -       77  +   12,993   -    7,382  -    9,989  +    1,360  +    9,359  +   49,337  -    1,855  +    1,982  +    3,168  -    8,562  -   50,335
                                                                                                                                                                                                         
Total assets                                   4,419,225      86,893   2,490,526      107,605     119,788     264,436     270,860     235,963      57,478      36,631      66,309     168,467     514,270

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, January 31, 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            1,753,925      57,204     587,494      53,995      83,593     119,007     243,997     115,470      52,396      31,005      47,765     140,549     221,451
    Less: Notes held by F.R. Banks               193,623       7,180      45,336       7,373      10,804      16,328      27,136      13,586       6,279       3,788       6,298      19,774      29,739
      Federal Reserve notes, net               1,560,302      50,024     542,157      46,621      72,789     102,679     216,861     101,884      46,118      27,216      41,466     120,775     191,712
  Reverse repurchase agreements (11)             310,476       6,049     174,827       8,016       9,004      18,191      18,276      13,058       4,140       2,421       4,403      12,429      39,662
  Deposits                                     2,500,165      28,890   1,757,811      50,416      34,441     134,024      32,896     118,943       6,479       5,613      19,871      34,490     276,291
    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                           2,142,376      28,883   1,457,471      50,414      34,438     133,759      32,887      61,800       6,469       5,612      19,869      34,489     276,284
    U.S. Treasury, General Account               275,794           0     275,794           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,255           2       5,228           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    76,740           5      19,318           0           0         256           7      57,141          10           0           1           1           1
  Deferred availability cash items                 1,129           0           0           0           0           0          76           0           0       1,053           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,264          12         845          16          25          39          81          30          15           7          28          53         112
  Other liabilities and accrued             
     dividends                                     4,402         157       1,833         184         188         487         286         292         127         131         130         207         379
                                                                                                                                                                                                        
Total liabilities                              4,377,738      85,132   2,477,473     105,253     116,447     255,420     268,475     234,207      56,879      36,441      65,898     167,955     508,156
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,487       1,335       9,901       1,783       2,534       6,856       1,807       1,332         455         144         311         388       4,642
  Surplus                                         10,000         426       3,152         568         807       2,160         578         424         144          46          99         124       1,472
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,419,225      86,893   2,490,526     107,605     119,788     264,436     270,860     235,963      57,478      36,631      66,309     168,467     514,270

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, January 31, 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 $10 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   
                                                                                          Jan 31, 2018  

Federal Reserve notes outstanding                                                            1,753,925  
  Less: Notes held by F.R. Banks not subject to collateralization                              193,623  
    Federal Reserve notes to be collateralized                                               1,560,302  
Collateral held against Federal Reserve notes                                                1,560,302  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,544,065  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,201,346  
  Less: Face value of securities under reverse repurchase agreements                           309,813  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,891,533  

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.