FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   August 9, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Aug 8, 2018 
Federal Reserve Banks                                      Aug 8, 2018  Aug 1, 2018  Aug 9, 2017              

Reserve Bank credit                                         4,217,655   -   14,796   -  210,790    4,218,548  
  Securities held outright (1)                              4,048,861   -   16,452   -  193,476    4,048,879  
    U.S. Treasury securities                                2,336,907   -   16,455   -  128,305    2,336,925  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,200,589   -   17,028   -  136,976    2,200,589  
      Notes and bonds, inflation-indexed (2)                  114,592   +      504   +    5,619      114,592  
      Inflation compensation (3)                               21,726   +       69   +    3,053       21,744  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,709,545   +        3   -   59,484    1,709,545  
  Unamortized premiums on securities held outright (5)        147,851   -      246   -   16,731      147,790  
  Unamortized discounts on securities held outright (5)       -13,815   +       19   +      788      -13,804  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           228   -        4   +       24          255  
    Primary credit                                                  3   -        5   +        1            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               224            0   +       22          251  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,717   +        1   +        7        1,719  
  Float                                                          -195   +      252   +       82         -215  
  Central bank liquidity swaps (8)                                100            0   +       64          100  
  Other Federal Reserve assets (9)                             32,908   +    1,634   -    1,548       33,825  
Foreign currency denominated assets (10)                       21,042   -       77   -      255       21,052  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,712   +       14   +      652       49,712  
                                                                                                              
Total factors supplying reserve funds                       4,304,650   -   14,859   -  210,394    4,305,553  

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   Aug 8, 2018 
Federal Reserve Banks                                      Aug 8, 2018  Aug 1, 2018  Aug 9, 2017              

Currency in circulation (11)                                 1,669,431   +    1,632   +  104,086    1,671,632 
Reverse repurchase agreements (12)                             236,817   -    3,159   -  100,893      237,390 
  Foreign official and international accounts                  234,971   -    2,459   -    5,481      235,731 
  Others                                                         1,847   -      698   -   95,410        1,659 
Treasury cash holdings                                             215   +        8   +       44          219 
Deposits with F.R. Banks, other than reserve balances          402,457   -   26,450   +  170,805      386,101 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               326,471   -   25,052   +  176,609      311,690 
  Foreign official                                               5,258   +        1   +       89        5,257 
  Other (13)                                                    70,728   -    1,399   -    5,893       69,154 
Other liabilities and capital (14)                              44,341   -      731   -    3,531       44,108 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,353,261   -   28,700   +  170,510    2,339,450 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,951,389   +   13,841   -  380,904    1,966,103 

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   Aug 8, 2018 
                                                           Aug 8, 2018  Aug 1, 2018  Aug 9, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,442,216   +    8,007   +  106,060    3,437,538 
  Marketable U.S. Treasury securities (1)                    3,068,604   +    6,526   +   56,630    3,064,763 
  Federal agency debt and mortgage-backed securities (2)       300,380   +    1,616   +   37,965      300,335 
  Other securities (3)                                          73,232   -      135   +   11,465       72,439 
Securities lent to dealers                                      18,608   +      829   -    4,346       17,811 
  Overnight facility (4)                                        18,608   +      829   -    4,346       17,811 
    U.S. Treasury securities                                    18,608   +      829   -    4,346       17,811 
    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, 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, August 8, 2018      

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           40           215             0             0             0           ...           255 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,069        63,772       305,548     1,028,055       296,639       619,841     2,336,925 
  Weekly changes                                 0    +   23,833    -   23,832    +        7    +       17    +       23    +       49 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           151        43,527     1,665,866     1,709,545 
  Weekly changes                                 0             0             0    +        5    +    2,500    -    2,505    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               100             0             0             0             0             0           100 
                                                                                                                                       
Reverse repurchase agreements (4)          237,390             0           ...           ...           ...           ...       237,390 
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   
                                                                                                                       Aug 8, 2018  

Mortgage-backed securities held outright (1)                                                                             1,709,545  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           10,814  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
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   
                                                                                                                       Aug 8, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,719  
                                                                                                                                    
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        Aug 8, 2018   Wednesday    Wednesday  
                                                        consolidation                 Aug 1, 2018  Aug 9, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,783   +       16   -       68  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,183,120   -      107   -  209,345  
    Securities held outright (1)                                          4,048,879   +       50   -  193,468  
      U.S. Treasury securities                                            2,336,925   +       49   -  128,296  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,200,589            0   -  136,976  
        Notes and bonds, inflation-indexed (2)                              114,592            0   +    5,619  
        Inflation compensation (3)                                           21,744   +       49   +    3,061  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,709,545   +        1   -   59,484  
    Unamortized premiums on securities held outright  
    (5)                                                                     147,790   -      213   -   16,713  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,804   +       29   +      789  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       255   +       27   +       47  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,719   +        3   +        9  
  Items in process of collection                                   (0)          194   -        8   +      129  
  Bank premises                                                               2,180   +        1   -       16  
  Central bank liquidity swaps (8)                                              100            0   +       64  
  Foreign currency denominated assets (9)                                    21,052   -       17   -      259  
  Other assets (10)                                                          31,645   +    2,490   -    1,567  
                                                                                                               
Total assets                                                       (0)    4,258,030   +    2,377   -  211,053  

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        Aug 8, 2018   Wednesday    Wednesday  
                                                        consolidation                 Aug 1, 2018  Aug 9, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,623,919   +    1,961   +  103,868 
  Reverse repurchase agreements (11)                                         237,390   +    1,631   -  105,879 
  Deposits                                                          (0)    2,352,204   -      445   -  205,866 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,966,103   -      329   -  370,212 
    U.S. Treasury, General Account                                           311,690   +    1,486   +  172,137 
    Foreign official                                                           5,257            0   +       92 
    Other (12)                                                      (0)       69,154   -    1,602   -    7,883 
  Deferred availability cash items                                  (0)          410   -      210   -       65 
  Other liabilities and accrued dividends (13)                                 5,204   -      559   -    1,138 
                                                                                                               
Total liabilities                                                   (0)    4,219,126   +    2,378   -  209,081 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,079            0   +    1,203 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,904            0   -    1,972 

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, August 8, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,783          40          40          161         118         249         204         293          34          46         108         201         290
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,183,120      79,888   2,309,267      105,609     118,586     247,526     251,100     224,039      55,805      35,003      65,851     172,962     517,485
    Securities held outright (1)               4,048,879      77,329   2,235,295      102,226     114,787     239,597     243,041     216,849      53,904      33,788      63,739     167,420     500,903
      U.S. Treasury securities                 2,336,925      44,633   1,290,164       59,002      66,253     138,290     140,278     125,161      31,112      19,502      36,789      96,631     289,111
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,336,925      44,633   1,290,164       59,002      66,253     138,290     140,278     125,161      31,112      19,502      36,789      96,631     289,111
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,709,545      32,651     943,801       43,162      48,466     101,164     102,618      91,560      22,760      14,266      26,912      70,689     211,495
    Unamortized premiums on securities held 
      outright (5)                               147,790       2,823      81,592        3,731       4,190       8,746       8,871       7,915       1,968       1,233       2,327       6,111      18,284
    Unamortized discounts on securities     
      held outright (5)                          -13,804        -264      -7,621         -349        -391        -817        -829        -739        -184        -115        -217        -571      -1,708
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            255           0           1            0           0           0          16          13         117          98           3           1           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,719           0       1,719            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     194           0           0            0           0           0         194           0           0           0           0           0           0
  Bank premises                                    2,180         109         441           75         118         196         203         197         106          95         233         219         189
  Central bank liquidity swaps (8)                   100           4          32            6           8          22           6           4           1           0           1           1          15
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,052         896       6,638        1,196       1,699       4,547       1,216         892         304          97         209         261       3,098
  Other assets (10)                               31,645         641      17,000          795         913       2,080       1,899       1,672         521         334         567       1,336       3,887
  Interdistrict settlement account                     0  -      141  +   23,993   -    6,280  +      394  +    9,357  +   27,913  -   12,559  +    1,488  -    1,284  -    7,348  +    4,424  -   39,958
                                                                                                                                                                                                         
Total assets                                   4,258,030      81,998   2,364,573      102,120     122,618     265,161     284,881     215,702      58,744      34,581      60,080     180,590     486,984

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, August 8, 2018 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,802,725      58,737     605,042      53,787      87,517     125,013     260,736     115,056      53,552      30,444      47,043     148,185     217,613
    Less: Notes held by F.R. Banks               178,806       6,041      46,809       6,726       9,258      14,123      27,246      12,176       5,054       3,092       5,397      16,670      26,213
      Federal Reserve notes, net               1,623,919      52,696     558,233      47,060      78,259     110,890     233,490     102,879      48,498      27,352      41,646     131,515     191,399
  Reverse repurchase agreements (11)             237,390       4,534     131,058       5,994       6,730      14,048      14,250      12,714       3,160       1,981       3,737       9,816      29,368
  Deposits                                     2,352,204      22,958   1,660,791      46,604      34,297     131,357      34,299      98,145       6,335       4,723      14,161      38,508     260,027
    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                           1,966,103      22,925   1,323,804      46,601      34,231     130,854      34,264      49,910       6,330       4,683      14,133      38,350     260,019
    U.S. Treasury, General Account               311,690           0     311,690           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,230           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    69,154          32      20,067           1          62         495          33      48,233           5          40          27         158           2
  Deferred availability cash items                   410           0           0           0           0           0         216           0           0         194           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,253          16         699          27          41          31          99          69          22          12          17          66         154
  Other liabilities and accrued             
     dividends                                     3,950         160       1,430         180         187         475         295         269         136         142         144         205         328
                                                                                                                                                                                                        
Total liabilities                              4,219,126      80,364   2,352,211      99,865     119,513     256,801     282,648     214,076      58,152      34,404      59,705     180,110     481,277
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,079       1,343      10,210       1,868       2,553       6,885       1,838       1,336         494         146         308         395       4,703
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,258,030      81,998   2,364,573     102,120     122,618     265,161     284,881     215,702      58,744      34,581      60,080     180,590     486,984

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, August 8, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $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. 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   
                                                                                           Aug 8, 2018  

Federal Reserve notes outstanding                                                            1,802,725  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,806  
    Federal Reserve notes to be collateralized                                               1,623,919  
Collateral held against Federal Reserve notes                                                1,623,919  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,607,682  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,048,879  
  Less: Face value of securities under reverse repurchase agreements                           236,751  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,812,127  

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.