FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 31, 2019


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 30, 2019 
Federal Reserve Banks                                     Oct 30, 2019 Oct 23, 2019 Oct 31, 2018              

Reserve Bank credit                                         3,965,939   +   32,737   -  155,350    3,980,095  
  Securities held outright (1)                              3,612,798   +   12,408   -  349,421    3,623,600  
    U.S. Treasury securities                                2,162,975   +   26,046   -  127,846    2,175,491  
      Bills (2)                                                40,292   +   22,503   +   40,239       51,008  
      Notes and bonds, nominal (2)                          1,977,170   +    3,545   -  176,020    1,978,971  
      Notes and bonds, inflation-indexed (2)                  120,993            0   +    5,414      120,993  
      Inflation compensation (3)                               24,520   -        2   +    2,521       24,519  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,447,476   -   13,638   -  221,513    1,445,762  
  Unamortized premiums on securities held outright (5)        126,759   -      635   -   16,572      126,652  
  Unamortized discounts on securities held outright (5)       -12,701   -      115   +      850      -12,750  
  Repurchase agreements (6)                                   211,736   +   21,156   +  211,736      215,500  
  Loans                                                            55            0   -      132           68  
    Primary credit                                                 13   +       12   -        1           28  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                42   -       11   -      131           39  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -249   -      148   +      103       -1,102  
  Central bank liquidity swaps (8)                                 41   -        2   -       39           41  
  Other Federal Reserve assets (9)                             27,499   +       71   -    1,869       28,086  
Foreign currency denominated assets (10)                       20,638   -       72   -       73       20,660  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,081   +       14   +      360       50,081  
                                                                                                              
Total factors supplying reserve funds                       4,052,898   +   32,678   -  155,064    4,067,077  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 30, 2019 
Federal Reserve Banks                                     Oct 30, 2019 Oct 23, 2019 Oct 31, 2018              

Currency in circulation (11)                                 1,776,100   +    4,514   +   84,776    1,781,082 
Reverse repurchase agreements (12)                             286,714   -   24,292   +   62,954      289,661 
  Foreign official and international accounts                  286,607   -    7,392   +   65,024      289,465 
  Others                                                           108   -   16,899   -    2,068          196 
Treasury cash holdings                                             192   -        8   -       38          196 
Deposits with F.R. Banks, other than reserve balances          461,311   +   18,509   +   15,199      466,800 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               389,872   +   11,887   +   16,504      400,616 
  Foreign official                                               5,187            0   -      114        5,187 
  Other (13)                                                    66,252   +    6,622   -    1,191       60,998 
Other liabilities and capital (14)                              44,878   -      705   +      595       44,618 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,569,196   -    1,981   +  163,487    2,582,359 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,483,702   +   34,659   -  318,550    1,484,718 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 30, 2019 
                                                          Oct 30, 2019 Oct 23, 2019 Oct 31, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,421,661   +    2,153   +    7,206    3,429,506 
  Marketable U.S. Treasury securities (1)                    2,976,407   +    3,744   -   66,108    2,984,180 
  Federal agency debt and mortgage-backed securities (2)       361,999   -    2,208   +   56,575      361,976 
  Other securities (3)                                          83,255   +      617   +   16,740       83,350 
Securities lent to dealers                                      22,449   -       70   +    6,829       26,178 
  Overnight facility (4)                                        22,449   -       70   +    6,829       26,178 
    U.S. Treasury securities                                    22,449   -       70   +    6,829       26,178 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 30, 2019    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           68             0             0             0             0           ...            68 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  17,783        81,959       292,006       856,122       302,405       625,215     2,175,491 
  Weekly changes                        +    2,047    +    4,764    +   15,691    +    3,802    -        1    -        1    +   26,303 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0           486         1,861         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             8           911        77,106     1,367,737     1,445,762 
  Weekly changes                                 0             0    -        1    -       28    -    1,500    -   10,623    -   12,152 
Repurchase agreements (4)                  215,500             0           ...           ...           ...           ...       215,500 
Central bank liquidity swaps (5)                41             0             0             0             0             0            41 
                                                                                                                                       
Reverse repurchase agreements (4)          289,661             0           ...           ...           ...           ...       289,661 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 30, 2019  

Mortgage-backed securities held outright (1)                                                                             1,445,762  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,295  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 30, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 23, 2019 Oct 31, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,674   -        6   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,953,070   +   50,806   -  118,654  
    Securities held outright (1)                                          3,623,600   +   14,151   -  318,197  
      U.S. Treasury securities                                            2,175,491   +   26,303   -   94,908  
        Bills (2)                                                            51,008   +   22,503   +   50,955  
        Notes and bonds, nominal (2)                                      1,978,971   +    3,802   -  153,791  
        Notes and bonds, inflation-indexed (2)                              120,993            0   +    5,414  
        Inflation compensation (3)                                           24,519   -        2   +    2,514  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,445,762   -   12,152   -  223,227  
    Unamortized premiums on securities held outright  
    (5)                                                                     126,652   -      537   -   16,585  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,750   -      117   +      790  
    Repurchase agreements (6)                                               215,500   +   37,296   +  215,500  
    Loans                                                                        68   +       14   -      162  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           54   +        4   -       92  
  Bank premises                                                               2,200   +        9   -       10  
  Central bank liquidity swaps (8)                                               41   -        2   -       39  
  Foreign currency denominated assets (9)                                    20,660   -       13   +       34  
  Other assets (10)                                                          25,887   +      325   -    1,077  
                                                                                                               
Total assets                                                       (0)    4,019,823   +   51,123   -  119,908  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 30, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 23, 2019 Oct 31, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,732,868   +    7,848   +   84,702 
  Reverse repurchase agreements (11)                                         289,661   -   16,386   +   53,131 
  Deposits                                                          (0)    1,951,519   +   59,201   -  258,563 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,484,719   +   33,164   -  286,822 
    U.S. Treasury, General Account                                           400,616   +   25,446   +   34,020 
    Foreign official                                                           5,187   +        1   -       70 
    Other (12)                                                      (0)       60,998   +      591   -    5,690 
  Deferred availability cash items                                  (0)        1,156   +      979   +      134 
  Other liabilities and accrued dividends (13)                                 5,282   -      511   +      449 
                                                                                                               
Total liabilities                                                   (0)    3,980,486   +   51,130   -  120,148 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,512   -        7   +      241 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,337   -        7   +      241 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, October 30, 2019
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         351       3,707          327         531         754       1,560         711         328         186         292         890       1,400
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,674          44          46          150         105         213         178         279          34          45         107         188         285
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,953,070      82,010   2,156,643       95,728     115,655     241,910     270,288     207,499      56,824      34,231      58,617     171,669     461,999
    Securities held outright (1)               3,623,600      75,176   1,976,930       87,751     106,017     221,751     247,757     190,208      52,081      31,356      53,732     157,341     423,500
      U.S. Treasury securities                 2,175,491      45,133   1,186,884       52,683      63,649     133,132     148,745     114,195      31,268      18,825      32,259      94,462     254,256
        Bills (2)                                 51,008       1,058      27,828        1,235       1,492       3,122       3,488       2,677         733         441         756       2,215       5,961
        Notes and bonds (3)                    2,124,483      44,075   1,159,056       51,448      62,157     130,011     145,257     111,517      30,534      18,384      31,503      92,248     248,294
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,445,762      29,994     788,765       35,011      42,299      88,475      98,851      75,890      20,779      12,511      21,438      62,777     168,970
    Unamortized premiums on securities held 
      outright (5)                               126,652       2,628      69,098        3,067       3,706       7,751       8,660       6,648       1,820       1,096       1,878       5,499      14,802
    Unamortized discounts on securities     
      held outright (5)                          -12,750        -265      -6,956         -309        -373        -780        -872        -669        -183        -110        -189        -554      -1,490
    Repurchase agreements (6)                    215,500       4,471     117,570        5,219       6,305      13,188      14,734      11,312       3,097       1,865       3,196       9,357      25,186
    Loans                                             68           0           0            0           0           0           9           0           9          24           0          25           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      54           0           0            0           0           0          53           0           0           0           0           0           0
  Bank premises                                    2,200         108         466           84         116         190         204         193         102          94         229         223         190
  Central bank liquidity swaps (8)                    41           2          13            2           3           9           2           2           1           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,660         890       6,557        1,194       1,649       4,405       1,201         862         315          98         200         256       3,033
  Other assets (10)                               25,887         554      13,641          618         766       1,822       1,750       1,325         440         280         465       1,245       2,982
  Interdistrict settlement account                     0  +    7,643  -  127,808   -   17,272  +    9,746  +    4,488  +   30,332  +   21,829  +    7,149  +    5,369  +    5,839  +   20,258  +   32,427
                                                                                                                                                                                                         
Total assets                                   4,019,823      91,797   2,055,083       81,041     128,809     254,203     306,223     233,124      65,342      40,394      65,902     195,011     502,895

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 30, 2019 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,941,705      59,327     641,500      56,049      92,151     132,986     272,156     125,595      58,015      31,081      52,295     162,187     258,363
    Less: Notes held by F.R. Banks               208,837       6,557      53,665       9,017       9,478      16,239      28,364      13,783       5,929       3,508       7,620      20,863      33,813
      Federal Reserve notes, net               1,732,868      52,770     587,835      47,031      82,673     116,747     243,792     111,812      52,086      27,573      44,675     141,323     224,551
  Reverse repurchase agreements (11)             289,661       6,009     158,031       7,015       8,475      17,726      19,805      15,205       4,163       2,507       4,295      12,577      33,854
  Deposits                                     1,951,519      31,033   1,293,836      25,255      34,180     110,959      39,819     104,274       8,326       8,768      16,366      40,365     238,338
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,484,719      31,014     868,877      25,253      34,151     110,405      39,784      63,250       8,321       8,717      16,338      40,277     238,332
    U.S. Treasury, General Account               400,616           0     400,616           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,187           2       5,159           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    60,998          17      19,184           0          27         545          33      41,022           4          51          27          87           1
  Deferred availability cash items                 1,156           0           0           0           0           0          47           0           0       1,109           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   936          15         540          22          30          26          90          37          12           8          14          51          91
  Other liabilities and accrued             
     dividends                                     4,346         182       1,622         182         198         572         306         287         134         150         156         216         341
                                                                                                                                                                                                        
Total liabilities                              3,980,486      90,009   2,041,864      79,504     125,556     246,031     303,858     231,615      64,720      40,114      65,506     194,533     497,175
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,512       1,494      11,053       1,142       2,708       6,716       1,968       1,223         518         247         330         394       4,719
  Surplus                                          6,825         294       2,166         394         545       1,455         397         285         104          32          66          84       1,002
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,019,823      91,797   2,055,083      81,041     128,809     254,203     306,223     233,124      65,342      40,394      65,902     195,011     502,895

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 30, 2019 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to the note on consolidation below.                                                                                                                                                               
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the
previous page (and in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other
liabilities in this table (and table 1 and table 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 30, 2019  

Federal Reserve notes outstanding                                                            1,941,705  
  Less: Notes held by F.R. Banks not subject to collateralization                              208,837  
    Federal Reserve notes to be collateralized                                               1,732,868  
Collateral held against Federal Reserve notes                                                1,732,868  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,716,631  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,839,100  
  Less: Face value of securities under reverse repurchase agreements                           271,542  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,567,559  

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.