FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 24, 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 23, 2019 
Federal Reserve Banks                                     Oct 23, 2019 Oct 16, 2019 Oct 24, 2018              

Reserve Bank credit                                         3,933,202   +   23,531   -  203,427    3,929,933  
  Securities held outright (1)                              3,600,390   +    7,390   -  375,839    3,609,449  
    U.S. Treasury securities                                2,136,929   +   15,216   -  157,286    2,149,188  
      Bills (2)                                                17,789   +   11,787   +   17,729       28,505  
      Notes and bonds, nominal (2)                          1,973,625   +    3,431   -  182,970    1,975,169  
      Notes and bonds, inflation-indexed (2)                  120,993            0   +    5,414      120,993  
      Inflation compensation (3)                               24,522   -        1   +    2,540       24,521  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,461,114   -    7,826   -  218,491    1,457,914  
  Unamortized premiums on securities held outright (5)        127,394   -      451   -   16,531      127,189  
  Unamortized discounts on securities held outright (5)       -12,586   -       48   +      997      -12,633  
  Repurchase agreements (6)                                   190,580   +   16,216   +  190,580      178,204  
  Loans                                                            55   -       10   -      147           54  
    Primary credit                                                  1   -        1   -       15            5  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                53   -       10   -      133           50  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -101   +       16   +       42         -127  
  Central bank liquidity swaps (8)                                 43            0   -       37           43  
  Other Federal Reserve assets (9)                             27,428   +      420   -    2,483       27,753  
Foreign currency denominated assets (10)                       20,710   +      109   -       98       20,673  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,067   +       14   +      354       50,067  
                                                                                                              
Total factors supplying reserve funds                       4,020,220   +   23,654   -  203,172    4,016,914  

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 23, 2019 
Federal Reserve Banks                                     Oct 23, 2019 Oct 16, 2019 Oct 24, 2018              

Currency in circulation (11)                                 1,771,586   +      779   +   81,856    1,773,219 
Reverse repurchase agreements (12)                             311,006   +   11,403   +   83,119      306,047 
  Foreign official and international accounts                  293,999   -    3,257   +   71,275      287,757 
  Others                                                        17,007   +   14,660   +   11,845       18,290 
Treasury cash holdings                                             200   +        2   -       30          192 
Deposits with F.R. Banks, other than reserve balances          442,802   +   42,692   +      263      440,764 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               377,985   +   53,381   +    8,409      375,170 
  Foreign official                                               5,187   +        1   -       69        5,186 
  Other (13)                                                    59,630   -   10,690   -    8,077       60,407 
Other liabilities and capital (14)                              45,583   +      102   +      185       45,137 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,571,177   +   54,979   +  165,393    2,565,359 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,449,043   -   31,325   -  368,565    1,451,555 

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 23, 2019 
                                                          Oct 23, 2019 Oct 16, 2019 Oct 24, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,419,508   +    7,593   -   14,749    3,417,395 
  Marketable U.S. Treasury securities (1)                    2,972,663   +    7,758   -   87,997    2,970,717 
  Federal agency debt and mortgage-backed securities (2)       364,207   -    1,173   +   57,147      363,906 
  Other securities (3)                                          82,638   +    1,007   +   16,101       82,773 
Securities lent to dealers                                      22,519   -    3,416   +    7,144       21,743 
  Overnight facility (4)                                        22,519   -    3,416   +    7,144       21,743 
    U.S. Treasury securities                                    22,519   -    3,416   +    7,144       21,743 
    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 23, 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                                           54             0             0             0             0           ...            54 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  15,736        77,195       276,315       852,320       302,406       625,216     2,149,188 
  Weekly changes                        +       53    +   14,163    +    8,664    +    3,225    -        1    -        1    +   26,103 
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           939        78,606     1,378,360     1,457,914 
  Weekly changes                                 0             0             0    +      140    +       12    -    5,375    -    5,223 
Repurchase agreements (4)                  178,204             0           ...           ...           ...           ...       178,204 
Central bank liquidity swaps (5)                43             0             0             0             0             0            43 
                                                                                                                                       
Reverse repurchase agreements (4)          306,047             0           ...           ...           ...           ...       306,047 
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 23, 2019  

Mortgage-backed securities held outright (1)                                                                             1,457,914  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,584  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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 23, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 16, 2019 Oct 24, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,680   -        4   -       66  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,902,264   +      844   -  201,700  
    Securities held outright (1)                                          3,609,449   +   20,880   -  364,131  
      U.S. Treasury securities                                            2,149,188   +   26,103   -  145,027  
        Bills (2)                                                            28,505   +   22,503   +   28,452  
        Notes and bonds, nominal (2)                                      1,975,169   +    3,602   -  181,426  
        Notes and bonds, inflation-indexed (2)                              120,993            0   +    5,414  
        Inflation compensation (3)                                           24,521   -        2   +    2,533  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,457,914   -    5,223   -  219,042  
    Unamortized premiums on securities held outright  
    (5)                                                                     127,189   -      428   -   16,533  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,633   -      107   +      939  
    Repurchase agreements (6)                                               178,204   -   19,496   +  178,204  
    Loans                                                                        54   -        6   -      180  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           50   -       30   -       76  
  Bank premises                                                               2,191   +        5   +        3  
  Central bank liquidity swaps (8)                                               43            0   -       37  
  Foreign currency denominated assets (9)                                    20,673   +       51   -       25  
  Other assets (10)                                                          25,562   +    1,363   -    2,461  
                                                                                                               
Total assets                                                       (0)    3,968,700   +    2,229   -  204,370  

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 23, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 16, 2019 Oct 24, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,725,020   +      630   +   82,355 
  Reverse repurchase agreements (11)                                         306,047   +    3,250   +   80,110 
  Deposits                                                          (0)    1,892,318   -    2,237   -  366,882 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,451,555   -   18,316   -  373,455 
    U.S. Treasury, General Account                                           375,170   +   13,673   +   14,489 
    Foreign official                                                           5,186            0   -       70 
    Other (12)                                                      (0)       60,407   +    2,406   -    7,847 
  Deferred availability cash items                                  (0)          177   -       43   -      152 
  Other liabilities and accrued dividends (13)                                 5,793   +      607   -       50 
                                                                                                               
Total liabilities                                                   (0)    3,929,356   +    2,209   -  204,620 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,519   +       20   +      250 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,344   +       20   +      250 

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 23, 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                                             1,680          44          48          151         105         215         177         279          32          45         107         191         286
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,902,264      80,956   2,128,931       94,498     114,169     238,801     266,815     204,833      56,100      33,795      57,863     169,439     456,063
    Securities held outright (1)               3,609,449      74,882   1,969,210       87,409     105,603     220,885     246,789     189,465      51,877      31,233      53,522     156,727     421,846
      U.S. Treasury securities                 2,149,188      44,587   1,172,534       52,046      62,880     131,523     146,947     112,814      30,889      18,597      31,869      93,320     251,182
        Bills (2)                                 28,505         591      15,551          690         834       1,744       1,949       1,496         410         247         423       1,238       3,331
        Notes and bonds (3)                    2,120,683      43,996   1,156,983       51,356      62,046     129,778     144,998     111,318      30,480      18,351      31,446      92,083     247,850
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,457,914      30,246     795,395       35,306      42,655      89,219      99,682      76,528      20,954      12,616      21,619      63,304     170,390
    Unamortized premiums on securities held 
      outright (5)                               127,189       2,639      69,390        3,080       3,721       7,783       8,696       6,676       1,828       1,101       1,886       5,523      14,865
    Unamortized discounts on securities     
      held outright (5)                          -12,633        -262      -6,892         -306        -370        -773        -864        -663        -182        -109        -187        -549      -1,476
    Repurchase agreements (6)                    178,204       3,697      97,223        4,315       5,214      10,905      12,184       9,354       2,561       1,542       2,642       7,738      20,827
    Loans                                             54           0           0            0           0           0           9           1          15          28           0           0           1
  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                      50           0           1            0           0           0          49           0           0           0           0           0           0
  Bank premises                                    2,191         108         456           83         116         191         204         194         102          94         228         223         190
  Central bank liquidity swaps (8)                    43           2          14            2           3           9           2           2           1           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,673         890       6,561        1,194       1,650       4,408       1,202         863         315          98         200         256       3,035
  Other assets (10)                               25,562         548      13,495          613         757       1,783       1,733       1,314         436         268         460       1,203       2,952
  Interdistrict settlement account                     0  +    6,813  -  151,045   -   15,536  +   10,327  +    8,325  +   35,853  +   23,949  +    7,039  +    3,599  +    4,289  +   22,842  +   43,544
                                                                                                                                                                                                         
Total assets                                   3,968,700      89,908   2,003,987       81,542     127,896     254,898     308,250     232,570      64,503      38,176      63,594     195,326     508,051

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 23, 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            1,937,881      58,602     641,751      55,319      92,029     132,499     272,309     125,099      57,471      31,099      51,569     161,646     258,488
    Less: Notes held by F.R. Banks               212,861       6,732      54,039       9,084       9,871      16,746      27,977      14,463       6,144       3,667       7,888      21,799      34,451
      Federal Reserve notes, net               1,725,020      51,870     587,712      46,235      82,158     115,754     244,331     110,636      51,328      27,432      43,681     139,847     224,037
  Reverse repurchase agreements (11)             306,047       6,349     166,971       7,411       8,954      18,729      20,925      16,065       4,399       2,648       4,538      13,289      35,769
  Deposits                                     1,892,318      29,694   1,233,651      26,146      33,289     111,639      40,165     103,996       7,992       7,528      14,804      41,427     241,987
    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                           1,451,555      29,685     834,936      26,144      33,239     110,942      40,131      62,937       7,988       7,477      14,777      41,320     241,980
    U.S. Treasury, General Account               375,170           0     375,170           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)                                    60,407           8      18,386           0          46         689          32      41,057           4          51          27         106           1
  Deferred availability cash items                   177           0           0           0           0           0          48           0           0         129           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,134          22         628          30          35          64          97          48          19           9          17          54         110
  Other liabilities and accrued             
     dividends                                     4,660         185       1,808         184         207         540         319         317         143         150         158         230         420
                                                                                                                                                                                                        
Total liabilities                              3,929,356      88,121   1,990,768      80,006     124,643     246,726     305,886     231,062      63,881      37,897      63,198     194,847     502,322
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,519       1,494      11,053       1,142       2,708       6,716       1,968       1,223         518         247         330         394       4,727
  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                  3,968,700      89,908   2,003,987      81,542     127,896     254,898     308,250     232,570      64,503      38,176      63,594     195,326     508,051

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 23, 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 23, 2019  

Federal Reserve notes outstanding                                                            1,937,881  
  Less: Notes held by F.R. Banks not subject to collateralization                              212,861  
    Federal Reserve notes to be collateralized                                               1,725,020  
Collateral held against Federal Reserve notes                                                1,725,020  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,708,783  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,787,653  
  Less: Face value of securities under reverse repurchase agreements                           293,870  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,493,784  

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.