FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 25, 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 24, 2018 
Federal Reserve Banks                                     Jan 24, 2018 Jan 17, 2018 Jan 25, 2017              

Reserve Bank credit                                         4,400,216   -    3,906   -   18,944    4,400,787  
  Securities held outright (1)                              4,222,055   -    4,145   -    5,601    4,222,454  
    U.S. Treasury securities                                2,447,009   -      857   -   16,469    2,447,009  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,320,301   +    1,355   -   21,905    2,320,301  
      Notes and bonds, inflation-indexed (2)                  107,503   -    1,879   +    3,397      107,503  
      Inflation compensation (3)                               19,205   -      333   +    2,040       19,205  
    Federal agency debt securities (2)                          4,391            0   -   11,789        4,391  
    Mortgage-backed securities (4)                          1,770,655   -    3,287   +   22,657    1,771,054  
  Unamortized premiums on securities held outright (5)        158,055   -      400   -   13,750      157,925  
  Unamortized discounts on securities held outright (5)       -14,093   +        9   +      990      -14,082  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            65   +       17   +       54           54  
    Primary credit                                                 61   +       15   +       53           48  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 4   +        1   +        1            6  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715            0   +       10        1,714  
  Float                                                          -170   +       79   +      202         -218  
  Central bank liquidity swaps (8)                                 72   -       46   -      414           72  
  Other Federal Reserve assets (9)                             32,517   +      580   -      434       32,868  
Foreign currency denominated assets (10)                       21,832   +      177   +    1,975       22,071  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,424   +       14   +      830       49,424  
                                                                                                              
Total factors supplying reserve funds                       4,487,713   -    3,715   -   16,140    4,488,523  

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 24, 2018 
Federal Reserve Banks                                     Jan 24, 2018 Jan 17, 2018 Jan 25, 2017              

Currency in circulation (11)                                 1,607,691   -    2,955   +  107,350    1,606,672 
Reverse repurchase agreements (12)                             266,823   +    5,988   -  122,560      274,703 
  Foreign official and international accounts                  240,215   +    2,595   -   12,045      238,332 
  Others                                                        26,609   +    3,394   -  110,514       36,371 
Treasury cash holdings                                             249   +       21   +       45          258 
Deposits with F.R. Banks, other than reserve balances          354,115   +   33,323   -   95,812      377,424 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               269,118   +   41,453   -  121,724      275,963 
  Foreign official                                               5,253            0   +       74        5,254 
  Other (13)                                                    79,744   -    8,129   +   25,838       96,208 
Other liabilities and capital (14)                              47,891   -    1,136   +      390       47,246 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,276,769   +   35,241   -  110,587    2,306,303 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,210,944   -   38,955   +   94,447    2,182,220 

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 24, 2018 
                                                          Jan 24, 2018 Jan 17, 2018 Jan 25, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,351,878   -    3,660   +  181,257    3,353,807 
  Marketable U.S. Treasury securities (1)                    3,011,536   -    3,503   +  156,704    3,013,396 
  Federal agency debt and mortgage-backed securities (2)       261,337   -      482   +    5,836      261,126 
  Other securities (3)                                          79,005   +      324   +   18,717       79,285 
Securities lent to dealers                                      22,056   +    1,657   +    5,757       22,462 
  Overnight facility (4)                                        22,056   +    1,657   +    5,757       22,462 
    U.S. Treasury securities                                    22,056   +    1,657   +    5,804       22,462 
    Federal agency debt securities                                   0            0   -       47            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 24, 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                                  27,847        80,038       317,233     1,083,901       316,716       621,273     2,447,009 
  Weekly changes                                 0             0             0             0             0             0             0 
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           179        26,902     1,743,973     1,771,054 
  Weekly changes                                 0             0             0             0    +        1    +      705    +      705 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                72             0             0             0             0             0            72 
                                                                                                                                       
Reverse repurchase agreements (4)          274,703             0           ...           ...           ...           ...       274,703 
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 24, 2018  

Mortgage-backed securities held outright (1)                                                                             1,771,054  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           16,639  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   59  



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 24, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,714  
                                                                                                                                    
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 24, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 17, 2018 Jan 25, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,923   +        7   -       15  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,366,351   +      365   -   14,323  
    Securities held outright (1)                                          4,222,454   +      705   -    1,782  
      U.S. Treasury securities                                            2,447,009            0   -   16,453  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,320,301            0   -   21,905  
        Notes and bonds, inflation-indexed (2)                              107,503            0   +    3,397  
        Inflation compensation (3)                                           19,205            0   +    2,056  
      Federal agency debt securities (2)                                      4,391            0   -   11,789  
      Mortgage-backed securities (4)                                      1,771,054   +      705   +   26,460  
    Unamortized premiums on securities held outright  
    (5)                                                                     157,925   -      327   -   13,580  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,082   +       31   +      989  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        54   -       44   +       50  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,714   -        1   +        7  
  Items in process of collection                                   (0)           81   -       21            0  
  Bank premises                                                               2,207            0   +        2  
  Central bank liquidity swaps (8)                                               72   -       46   -      393  
  Foreign currency denominated assets (9)                                    22,071   +      304   +    2,113  
  Other assets (10)                                                          30,661   +    1,563   +    1,088  
                                                                                                               
Total assets                                                       (0)    4,441,317   +    2,172   -   11,521  

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 24, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 17, 2018 Jan 25, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,559,425   -    3,582   +  106,545 
  Reverse repurchase agreements (11)                                         274,703   +   13,944   -   86,861 
  Deposits                                                          (0)    2,559,645   -    7,353   -   32,091 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,182,220   -   52,232   +   45,208 
    U.S. Treasury, General Account                                           275,963   +   19,243   -  125,772 
    Foreign official                                                           5,254   +        1   +       89 
    Other (12)                                                      (0)       96,208   +   25,634   +   48,384 
  Deferred availability cash items                                  (0)          299   +       52   -      297 
  Other liabilities and accrued dividends (13)                                 5,836   -      892   +      225 
                                                                                                               
Total liabilities                                                   (0)    4,399,907   +    2,167   -   12,480 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,410   +        5   +      960 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,410   +        5   +      960 

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 24, 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                                             1,923          54          48          191         146         271         199         306          36          50         112         202         306
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,366,351      85,073   2,458,627      112,736     126,619     255,824     257,016     183,691      58,224      34,043      61,924     174,796     557,779
    Securities held outright (1)               4,222,454      82,269   2,377,630      109,022     122,447     247,396     248,549     177,591      56,305      32,920      59,884     169,037     539,403
      U.S. Treasury securities                 2,447,009      47,677   1,377,891       63,181      70,961     143,372     144,040     102,918      32,630      19,078      34,704      97,961     312,596
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,447,009      47,677   1,377,891       63,181      70,961     143,372     144,040     102,918      32,630      19,078      34,704      97,961     312,596
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,771,054      34,507     997,266       45,728      51,359     103,767     104,251      74,488      23,617      13,808      25,118      70,901     226,246
    Unamortized premiums on securities held 
      outright (5)                               157,925       3,077      88,926        4,078       4,580       9,253       9,296       6,642       2,106       1,231       2,240       6,322      20,174
    Unamortized discounts on securities     
      held outright (5)                          -14,082        -274      -7,929         -364        -408        -825        -829        -592        -188        -110        -200        -564      -1,799
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             54           2           0            0           0           0           0          50           0           1           0           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,714           0       1,714            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      81           0           0            0           0           0          80           0           0           0           0           0           0
  Bank premises                                    2,207         114         447           72         122         198         204         204         110          88         236         219         193
  Central bank liquidity swaps (8)                    72           3          23            4           6          16           4           3           1           0           1           1          11
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,071         957       7,069        1,187       1,798       4,769       1,287         924         241          93         214         282       3,250
  Other assets (10)                               30,661         643      16,759          787         900       2,003       1,820       1,282         499         254         510       1,324       3,881
  Interdistrict settlement account                     0  -    3,935  +   59,932   -    7,720  -   11,765  -   14,567  +    3,836  +   42,012  -    2,822  +      406  +    4,197  -    7,193  -   62,381
                                                                                                                                                                                                         
Total assets                                   4,441,317      83,455   2,550,029      107,815     118,614     249,702     266,623     229,583      56,779      35,216      67,639     170,829     505,034

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 24, 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            1,751,767      57,260     584,531      54,035      83,446     118,911     244,339     115,607      52,456      31,019      47,803     140,533     221,827
    Less: Notes held by F.R. Banks               192,342       7,029      46,364       7,265      10,753      15,861      26,649      13,180       6,039       3,748       6,286      19,022      30,147
      Federal Reserve notes, net               1,559,425      50,231     538,167      46,771      72,692     103,051     217,689     102,427      46,417      27,271      41,518     121,511     191,680
  Reverse repurchase agreements (11)             274,703       5,352     154,683       7,093       7,966      16,095      16,170      11,554       3,663       2,142       3,896      10,997      35,092
  Deposits                                     2,559,645      25,909   1,841,557      51,401      34,359     120,993      29,877     113,521       5,971       5,244      21,666      37,540     271,607
    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                           2,182,220      25,903   1,519,325      51,399      34,356     120,896      29,868      58,465       5,964       5,244      21,664      37,537     271,600
    U.S. Treasury, General Account               275,963           0     275,963           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,226           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    96,208           4      41,043           0           0          89           7      55,055           6           0           1           2           1
  Deferred availability cash items                   299           0           0           0           0           0          68           0           0         231           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,500          39         764          20          69         143         131          50           6           7           3          64         203
  Other liabilities and accrued             
     dividends                                     4,336         163       1,805         180         186         478         303         276         124         131         146         205         338
                                                                                                                                                                                                        
Total liabilities                              4,399,907      81,694   2,536,976     105,464     115,273     240,761     264,238     227,828      56,181      35,026      67,229     170,317     498,921
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,410       1,335       9,901       1,783       2,534       6,781       1,807       1,331         455         144         311         388       4,641
  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                  4,441,317      83,455   2,550,029     107,815     118,614     249,702     266,623     229,583      56,779      35,216      67,639     170,829     505,034

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 24, 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 24, 2018  

Federal Reserve notes outstanding                                                            1,751,767  
  Less: Notes held by F.R. Banks not subject to collateralization                              192,342  
    Federal Reserve notes to be collateralized                                               1,559,425  
Collateral held against Federal Reserve notes                                                1,559,425  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,543,188  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,222,454  
  Less: Face value of securities under reverse repurchase agreements                           274,003  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,948,451  

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.