FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 20, 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  Sep 19, 2018 
Federal Reserve Banks                                     Sep 19, 2018 Sep 12, 2018 Sep 20, 2017              

Reserve Bank credit                                         4,173,235   +    2,679   -  251,575    4,168,728  
  Securities held outright (1)                              4,014,135   +    1,515   -  234,152    4,010,838  
    U.S. Treasury securities                                2,313,205   +        2   -  152,250    2,313,206  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,175,602            0   -  161,724    2,175,602  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,167      115,579  
      Inflation compensation (3)                               21,925   +        3   +    3,208       21,925  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,698,520   +    1,512   -   77,555    1,695,223  
  Unamortized premiums on securities held outright (5)        145,886   -      234   -   17,299      145,694  
  Unamortized discounts on securities held outright (5)       -13,732   +       26   +      761      -13,720  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           304   +       33   +       52          442  
    Primary credit                                                 40   -        2   +        9          152  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               264   +       35   +       43          290  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,230   -      489   -      478            7  
  Float                                                          -161   +        2   +      106         -146  
  Central bank liquidity swaps (8)                                100   +        9   +       63          100  
  Other Federal Reserve assets (9)                             25,472   +    1,816   -      630       25,513  
Foreign currency denominated assets (10)                       21,044   +       17   -      410       21,049  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,771   +       14   +      632       49,771  
                                                                                                              
Total factors supplying reserve funds                       4,260,291   +    2,710   -  251,353    4,255,789  

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  Sep 19, 2018 
Federal Reserve Banks                                     Sep 19, 2018 Sep 12, 2018 Sep 20, 2017              

Currency in circulation (11)                                 1,685,180   -    1,797   +  105,517    1,685,759 
Reverse repurchase agreements (12)                             231,280   +      888   -  141,802      234,336 
  Foreign official and international accounts                  227,640   -    2,261   -   18,276      225,421 
  Others                                                         3,640   +    3,150   -  123,526        8,915 
Treasury cash holdings                                             208            0   +       33          211 
Deposits with F.R. Banks, other than reserve balances          419,051   +   45,224   +  200,944      468,516 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               335,878   +   32,224   +  208,096      399,519 
  Foreign official                                               5,256            0   +       90        5,256 
  Other (13)                                                    77,917   +   13,000   -    7,242       63,741 
Other liabilities and capital (14)                              44,675   -      526   -    3,141       44,249 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,380,395   +   43,790   +  161,552    2,433,071 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,879,896   -   41,080   -  412,905    1,822,718 

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 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  Sep 19, 2018 
                                                          Sep 19, 2018 Sep 12, 2018 Sep 20, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,426,076   +    4,270   +   49,721    3,433,732 
  Marketable U.S. Treasury securities (1)                    3,051,573   -    2,387   -      416    3,058,169 
  Federal agency debt and mortgage-backed securities (2)       305,440   +    6,910   +   43,898      306,146 
  Other securities (3)                                          69,062   -      253   +    6,239       69,418 
Securities lent to dealers                                      15,844   -    1,527   -    8,576       15,212 
  Overnight facility (4)                                        15,844   -    1,527   -    8,576       15,212 
    U.S. Treasury securities                                    15,844   -    1,527   -    8,576       15,212 
    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, September 19, 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                                          357            85             0             0             0           ...           442 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  19,007        83,154       315,819     1,010,629       267,466       617,132     2,313,206 
  Weekly changes                        +   19,007    -   19,006             0             0    +        1    +        1    +        2 
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             1           154        44,412     1,650,656     1,695,223 
  Weekly changes                                 0             0    +        1             0    -       99    -    1,696    -    1,793 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               100             0             0             0             0             0           100 
                                                                                                                                       
Reverse repurchase agreements (4)          234,336             0           ...           ...           ...           ...       234,336 
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   
                                                                                                                      Sep 19, 2018  

Mortgage-backed securities held outright (1)                                                                             1,695,223  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,060  
Commitments to sell mortgage-backed securities (2)                                                                               5  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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   
                                                                                                                      Sep 19, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
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       Sep 19, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 12, 2018 Sep 20, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,764   +        5   -       71  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,143,254   -    1,998   -  248,049  
    Securities held outright (1)                                          4,010,838   -    1,791   -  231,890  
      U.S. Treasury securities                                            2,313,206   +        2   -  152,242  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,175,602            0   -  161,724  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,925   +        2   +    3,216  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,695,223   -    1,793   -   75,301  
    Unamortized premiums on securities held outright  
    (5)                                                                     145,694   -      359   -   17,134  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,720   +       27   +      761  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       442   +      125   +      214  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7   -    1,713   -    1,701  
  Items in process of collection                                   (0)          134   -        9   +       56  
  Bank premises                                                               2,182   +        2   -       15  
  Central bank liquidity swaps (8)                                              100   +        9   +       63  
  Foreign currency denominated assets (9)                                    21,049   -        5   -      422  
  Other assets (10)                                                          23,332   +      956   -      380  
                                                                                                               
Total assets                                                       (0)    4,208,059   -    2,753   -  250,517  

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       Sep 19, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 12, 2018 Sep 20, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,637,959   -    1,217   +  104,376 
  Reverse repurchase agreements (11)                                         234,336   +    4,790   -  179,233 
  Deposits                                                          (0)    2,291,234   -    5,439   -  172,608 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,822,718   -  101,291   -  406,691 
    U.S. Treasury, General Account                                           399,519   +  101,822   +  248,315 
    Foreign official                                                           5,256            0   +       91 
    Other (12)                                                      (0)       63,741   -    5,970   -   14,322 
  Deferred availability cash items                                  (0)          280   -       82   -      257 
  Other liabilities and accrued dividends (13)                                 5,192   -      876   -      688 
                                                                                                               
Total liabilities                                                   (0)    4,169,002   -    2,823   -  248,410 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,231   +       70   +    1,066 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,056   +       70   -    2,109 

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, September 19, 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                                             1,764          44          41          159         120         240         190         292          30          44         108         202         293
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,143,254      79,124   2,287,164      104,597     117,455     245,156     248,697     222,021      55,302      34,668      65,228     171,305     512,536
    Securities held outright (1)               4,010,838      76,603   2,214,294      101,265     113,709     237,346     240,758     214,812      53,398      33,470      63,140     165,847     496,197
      U.S. Treasury securities                 2,313,206      44,180   1,277,069       58,404      65,580     136,887     138,854     123,890      30,796      19,304      36,415      95,651     286,176
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,313,106      44,178   1,277,014       58,401      65,577     136,881     138,848     123,885      30,795      19,303      36,414      95,646     286,164
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,695,223      32,377     935,895       42,801      48,060     100,317     101,759      90,792      22,569      14,147      26,687      70,097     209,723
    Unamortized premiums on securities held 
      outright (5)                               145,694       2,783      80,434        3,678       4,130       8,622       8,746       7,803       1,940       1,216       2,294       6,024      18,024
    Unamortized discounts on securities     
      held outright (5)                          -13,720        -262      -7,575         -346        -389        -812        -824        -735        -183        -114        -216        -567      -1,697
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            442           1          11            0           5           0          18         141         147          96          10           1          12
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     134           0           0            0           0           0         133           0           0           0           0           0           0
  Bank premises                                    2,182         109         443           76         117         195         203         196         106          95         233         218         188
  Central bank liquidity swaps (8)                   100           4          32            6           8          22           6           4           1           0           1           1          15
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,049         896       6,636        1,195       1,699       4,547       1,216         892         304          97         209         261       3,098
  Other assets (10)                               23,332         477      12,365          582         668       1,584       1,391       1,220         519         230         428       1,021       2,847
  Interdistrict settlement account                     0  +      817  +   24,105   -    5,945  -      188  +   18,189  +   29,498  -    8,230  +    1,437  -      448  -    7,024  +    4,653  -   56,865
                                                                                                                                                                                                         
Total assets                                   4,208,059      82,032   2,336,237      101,231     120,661     271,117     283,480     217,559      58,183      34,975      59,642     178,849     464,092

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, September 19, 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            1,824,138      58,467     609,397      54,795      87,836     125,770     263,107     120,116      55,293      30,472      47,801     149,848     221,236
    Less: Notes held by F.R. Banks               186,179       6,386      48,304       7,127       9,271      13,292      27,689      13,010       5,565       3,083       5,512      17,563      29,377
      Federal Reserve notes, net               1,637,959      52,081     561,093      47,668      78,565     112,478     235,418     107,106      49,728      27,389      42,289     132,286     191,860
  Reverse repurchase agreements (11)             234,336       4,476     129,372       5,916       6,644      13,867      14,066      12,551       3,120       1,956       3,689       9,690      28,991
  Deposits                                     2,291,234      23,648   1,631,342      45,173      32,110     135,842      31,239      95,928       4,590       5,134      13,127      36,118     236,983
    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                           1,822,718      23,617   1,208,014      45,170      32,059     135,472      31,203      51,444       4,585       5,082      13,116      35,981     236,976
    U.S. Treasury, General Account               399,519           0     399,519           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    63,741          29      18,581           1          48         362          34      44,482           4          53          11         136           1
  Deferred availability cash items                   280           0           0           0           0           0         117           0           0         163           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,116          23         577          28          37          52          97          62          20          12          15          61         132
  Other liabilities and accrued             
     dividends                                     4,076         171       1,415         190         198         516         311         280         137         145         147         210         356
                                                                                                                                                                                                        
Total liabilities                              4,169,002      80,399   2,323,798      98,976     117,554     262,755     281,249     215,926      57,595      34,799      59,267     178,365     458,321
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,231       1,343      10,288       1,868       2,556       6,888       1,837       1,344         489         145         308         399       4,766
  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                  4,208,059      82,032   2,336,237     101,231     120,661     271,117     283,480     217,559      58,183      34,975      59,642     178,849     464,092

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, September 19, 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   
                                                                                          Sep 19, 2018  

Federal Reserve notes outstanding                                                            1,824,138  
  Less: Notes held by F.R. Banks not subject to collateralization                              186,179  
    Federal Reserve notes to be collateralized                                               1,637,959  
Collateral held against Federal Reserve notes                                                1,637,959  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,621,723  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,010,838  
  Less: Face value of securities under reverse repurchase agreements                           236,242  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,774,597  

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.