FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 14, 2017


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  Dec 13, 2017 
Federal Reserve Banks                                     Dec 13, 2017  Dec 6, 2017 Dec 14, 2016              

Reserve Bank credit                                         4,400,762   +    4,210   -   16,609    4,413,202  
  Securities held outright (1)                              4,227,640   +    1,673   -      678    4,238,883  
    U.S. Treasury securities                                2,454,262   -      219   -    9,256    2,454,256  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,324,404   -      200   -   14,699    2,324,404  
      Notes and bonds, inflation-indexed (2)                  110,134            0   +    3,437      110,134  
      Inflation compensation (3)                               19,724   -       19   +    2,006       19,717  
    Federal agency debt securities (2)                          4,391            0   -   14,102        4,391  
    Mortgage-backed securities (4)                          1,768,986   +    1,891   +   22,679    1,780,237  
  Unamortized premiums on securities held outright (5)        159,789   -      197   -   14,565      160,036  
  Unamortized discounts on securities held outright (5)       -14,198   +       32   +      978      -14,187  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            44   +        2   +       14           35  
    Primary credit                                                  8   +        3   +        2            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                36   -        1   +       12           31  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711            0   +        4        1,712  
  Float                                                          -260   +      131   +      101         -253  
  Central bank liquidity swaps (8)                                 42   +        7   -    1,434           42  
  Other Federal Reserve assets (9)                             25,994   +    2,563   -    1,029       26,934  
Foreign currency denominated assets (10)                       21,075   -      207   +    1,385       21,082  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,315   +       14   +      814       49,315  
                                                                                                              
Total factors supplying reserve funds                       4,487,393   +    4,017   -   14,410    4,499,840  

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  Dec 13, 2017 
Federal Reserve Banks                                     Dec 13, 2017  Dec 6, 2017 Dec 14, 2016              

Currency in circulation (11)                                 1,602,440   +    2,892   +  104,964    1,604,008 
Reverse repurchase agreements (12)                             322,411   +   22,596   -  112,960      372,129 
  Foreign official and international accounts                  225,032   -    3,803   -   18,759      228,737 
  Others                                                        97,378   +   26,398   -   94,202      143,392 
Treasury cash holdings                                             200   -        1   +       40          206 
Deposits with F.R. Banks, other than reserve balances          161,383   -   49,044   -  221,304      151,689 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                76,208   -   51,378   -  248,317       64,734 
  Foreign official                                               5,241   +       73   +       28        5,252 
  Other (13)                                                    79,933   +    2,260   +   26,984       81,703 
Other liabilities and capital (14)                              48,397   +      102   +      584       49,047 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,134,831   -   23,455   -  228,677    2,177,079 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,352,562   +   27,472   +  214,266    2,322,762 

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  Dec 13, 2017 
                                                          Dec 13, 2017  Dec 6, 2017 Dec 14, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,384,653   -    5,504   +  231,868    3,381,935 
  Marketable U.S. Treasury securities (1)                    3,042,073   -    5,810   +  214,645    3,038,987 
  Federal agency debt and mortgage-backed securities (2)       264,152   -      163   -    1,294      264,426 
  Other securities (3)                                          78,429   +      470   +   18,518       78,523 
Securities lent to dealers                                      20,863   +    1,020   -    3,180       23,154 
  Overnight facility (4)                                        20,863   +    1,020   -    3,180       23,154 
    U.S. Treasury securities                                    20,863   +    1,020   -    3,156       23,154 
    Federal agency debt securities                                   0            0   -       25            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, December 13, 2017   

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                                            4            31             0             0             0           ...            35 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        97,060       328,412     1,095,451       310,420       622,912     2,454,256 
  Weekly changes                                 0             0    -        1    -        3    -        5    -      210    -      218 
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           159        20,431     1,759,645     1,780,237 
  Weekly changes                                 0             0             0             0             0    +   13,141    +   13,141 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                42             0             0             0             0             0            42 
                                                                                                                                       
Reverse repurchase agreements (4)          372,129             0           ...           ...           ...           ...       372,129 
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   
                                                                                                                      Dec 13, 2017  

Mortgage-backed securities held outright (1)                                                                             1,780,237  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,481  
Commitments to sell mortgage-backed securities (2)                                                                              83  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 13, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
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       Dec 13, 2017   Wednesday    Wednesday  
                                                        consolidation                 Dec 6, 2017 Dec 14, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,883   +       16   +       13  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,384,767   +   13,100   -   17,035  
    Securities held outright (1)                                          4,238,883   +   12,922   -    3,557  
      U.S. Treasury securities                                            2,454,256   -      218   -    9,275  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,324,404   -      200   -   14,699  
        Notes and bonds, inflation-indexed (2)                              110,134            0   +    3,437  
        Inflation compensation (3)                                           19,717   -       19   +    1,986  
      Federal agency debt securities (2)                                      4,391            0   -   14,102  
      Mortgage-backed securities (4)                                      1,780,237   +   13,141   +   19,822  
    Unamortized premiums on securities held outright  
    (5)                                                                     160,036   +      153   -   14,442  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,187   +       32   +      978  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        35   -        8   -       15  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712   +        1   +        4  
  Items in process of collection                                   (0)           70   -        9   -        4  
  Bank premises                                                               2,212   +        2   +       12  
  Central bank liquidity swaps (8)                                               42   +        7   -    1,434  
  Foreign currency denominated assets (9)                                    21,082   -       92   +    1,323  
  Other assets (10)                                                          24,722   +    2,553   -    1,126  
                                                                                                               
Total assets                                                       (0)    4,452,726   +   15,578   -   18,247  

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       Dec 13, 2017   Wednesday    Wednesday  
                                                        consolidation                 Dec 6, 2017 Dec 14, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,556,777   +    1,110   +  104,677 
  Reverse repurchase agreements (11)                                         372,129   +   68,415   -   56,752 
  Deposits                                                          (0)    2,474,451   -   54,553   -   68,154 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,322,762   -    2,532   +  199,207 
    U.S. Treasury, General Account                                            64,734   -   57,393   -  260,537 
    Foreign official                                                           5,252   +       84   +       73 
    Other (12)                                                      (0)       81,703   +    5,287   -    6,896 
  Deferred availability cash items                                  (0)          322   -      335   -      304 
  Other liabilities and accrued dividends (13)                                 7,726   +      939   +    1,383 
                                                                                                               
Total liabilities                                                   (0)    4,411,405   +   15,575   -   19,150 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,321   +        3   +      903 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,321   +        3   +      903 

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, December 13, 2017
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                                             1,883          48          47          187         145         273         194         299          36          51         108         192         302
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,384,767      85,431   2,469,007      113,212     127,153     256,904     258,101     184,425      58,469      34,200      62,195     175,534     560,135
    Securities held outright (1)               4,238,883      82,589   2,386,881      109,446     122,924     248,359     249,516     178,282      56,525      33,048      60,117     169,695     541,501
      U.S. Treasury securities                 2,454,256      47,818   1,381,971       63,368      71,171     143,796     144,467     103,223      32,727      19,135      34,807      98,251     313,522
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,454,256      47,818   1,381,971       63,368      71,171     143,796     144,467     103,223      32,727      19,135      34,807      98,251     313,522
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,780,237      34,686   1,002,437       45,965      51,625     104,305     104,791      74,874      23,739      13,880      25,248      71,268     227,419
    Unamortized premiums on securities held 
      outright (5)                               160,036       3,118      90,115        4,132       4,641       9,377       9,420       6,731       2,134       1,248       2,270       6,407      20,444
    Unamortized discounts on securities     
      held outright (5)                          -14,187        -276      -7,989         -366        -411        -831        -835        -597        -189        -111        -201        -568      -1,812
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             35           0           0            0           0           0           0           8           0          14          10           0           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      70           0           0            0           0           0          69           0           0           1           0           0           0
  Bank premises                                    2,212         115         444           72         130         197         204         204         110          88         236         219         192
  Central bank liquidity swaps (8)                    42           2          13            2           3           9           2           2           0           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,082         914       6,752        1,133       1,717       4,556       1,230         882         231          89         205         269       3,104
  Other assets (10)                               24,722         523      13,391          628         719       1,645       1,472       1,038         535         204         413       1,041       3,113
  Interdistrict settlement account                     0  -    1,993  -   89,275   -    2,293  +    8,267  +   10,429  +   19,084  +   46,842  -      213  +    3,396  +    8,499  +    8,128  -   10,873
                                                                                                                                                                                                         
Total assets                                   4,452,726      85,585   2,407,502      113,500     138,926     275,201     282,530     234,852      59,659      38,310      72,103     186,582     557,977

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, December 13, 2017 (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            1,747,738      57,434     578,643      54,466      84,116     119,848     243,460     116,430      52,145      31,209      48,061     141,233     220,693
    Less: Notes held by F.R. Banks               190,961       6,606      53,968       6,894       9,716      13,872      27,007      12,209       5,644       2,997       5,823      17,556      28,668
      Federal Reserve notes, net               1,556,777      50,828     524,675      47,572      74,400     105,975     216,453     104,221      46,501      28,211      42,238     123,677     192,025
  Reverse repurchase agreements (11)             372,129       7,250     209,543       9,608      10,791      21,803      21,905      15,651       4,962       2,901       5,278      14,897      47,538
  Deposits                                     2,474,451      25,524   1,656,424      53,735      50,090     137,772      41,202     112,840       7,512       6,594      23,988      47,164     311,605
    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                           2,322,762      25,515   1,563,507      53,733      50,086     137,553      41,193      54,327       7,507       6,594      23,987      47,161     311,598
    U.S. Treasury, General Account                64,734           0      64,734           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,252           2       5,225           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    81,703           8      22,958           0           0         210           7      58,511           4           0           1           3           1
  Deferred availability cash items                   322           0           0           0           0           0          67           0           0         256           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,455          19         823          35          40          70         108          56          21          12          17          71         184
  Other liabilities and accrued             
     dividends                                     6,271         194       2,944         230         255         638         399         335         166         149         173         256         532
                                                                                                                                                                                                        
Total liabilities                              4,411,405      83,816   2,394,409     111,179     135,576     266,259     280,133     233,103      59,162      38,123      71,695     186,066     551,884
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,321       1,336       9,891       1,783       2,535       6,781       1,814       1,331         387         144         311         388       4,620
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,452,726      85,585   2,407,502     113,500     138,926     275,201     282,530     234,852      59,659      38,310      72,103     186,582     557,977

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, December 13, 2017 (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   
                                                                                          Dec 13, 2017  

Federal Reserve notes outstanding                                                            1,747,738  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,961  
    Federal Reserve notes to be collateralized                                               1,556,777  
Collateral held against Federal Reserve notes                                                1,556,777  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,540,540  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,238,883  
  Less: Face value of securities under reverse repurchase agreements                           359,891  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,878,992  

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.