FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 23, 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 22, 2018 
Federal Reserve Banks                                     Aug 22, 2018 Aug 15, 2018 Aug 23, 2017              

Reserve Bank credit                                         4,189,859   -   27,158   -  234,656    4,189,432  
  Securities held outright (1)                              4,034,202   -   14,084   -  217,278    4,033,680  
    U.S. Treasury securities                                2,324,508   -   10,650   -  140,756    2,324,540  
      Bills (2)                                                    86   +       86   +       86          100  
      Notes and bonds, nominal (2)                          2,188,006   -   10,785   -  149,559    2,188,006  
      Notes and bonds, inflation-indexed (2)                  114,592            0   +    5,619      114,592  
      Inflation compensation (3)                               21,824   +       49   +    3,098       21,842  
    Federal agency debt securities (2)                          2,409            0   -    5,497        2,409  
    Mortgage-backed securities (4)                          1,707,285   -    3,434   -   71,026    1,706,731  
  Unamortized premiums on securities held outright (5)        147,228   -      418   -   17,048      147,068  
  Unamortized discounts on securities held outright (5)       -13,826   -       30   +      783      -13,815  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           285   +       43   +       55          285  
    Primary credit                                                 36   +       30   +       29           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               248   +       12   +       24          274  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,719            0   +       11        1,720  
  Float                                                          -167   -        7   +       77         -224  
  Central bank liquidity swaps (8)                                 68   -       38   +       32           68  
  Other Federal Reserve assets (9)                             20,350   -   12,623   -    1,286       20,651  
Foreign currency denominated assets (10)                       20,927   +       67   -      459       21,080  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,715   +       14   +      633       49,715  
                                                                                                              
Total factors supplying reserve funds                       4,276,742   -   27,077   -  234,482    4,276,468  

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 22, 2018 
Federal Reserve Banks                                     Aug 22, 2018 Aug 15, 2018 Aug 23, 2017              

Currency in circulation (11)                                 1,673,728   +    2,741   +  108,314    1,675,101 
Reverse repurchase agreements (12)                             249,010   +    6,490   -  125,013      244,204 
  Foreign official and international accounts                  246,607   +    5,735   +    7,710      243,078 
  Others                                                         2,403   +      755   -  132,723        1,126 
Treasury cash holdings                                             219            0   +       43          217 
Deposits with F.R. Banks, other than reserve balances          426,013   +    3,850   +  261,715      409,586 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               348,393   +    5,594   +  266,316      334,992 
  Foreign official                                               5,274   +       16   +      109        5,256 
  Other (13)                                                    72,346   -    1,761   -    4,709       69,338 
Other liabilities and capital (14)                              44,519   -      863   -    3,155       44,574 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,393,488   +   12,216   +  241,904    2,373,682 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,883,254   -   39,293   -  476,386    1,902,785 

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 22, 2018 
                                                          Aug 22, 2018 Aug 15, 2018 Aug 23, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,429,843   -    2,470   +   88,158    3,427,977 
  Marketable U.S. Treasury securities (1)                    3,059,207   -      529   +   40,869    3,058,309 
  Federal agency debt and mortgage-backed securities (2)       299,655   -      938   +   37,683      298,707 
  Other securities (3)                                          70,982   -    1,002   +    9,608       70,961 
Securities lent to dealers                                      14,211   -    1,239   -    8,942       15,826 
  Overnight facility (4)                                        14,211   -    1,239   -    8,942       15,826 
    U.S. Treasury securities                                    14,211   -    1,239   -    8,942       15,826 
    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 22, 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                                          260            25             0             0             0           ...           285 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  20,932        77,244       326,060     1,016,033       267,171       617,099     2,324,540 
  Weekly changes                        +   20,932    +   13,472    -   34,303    +        7    +    8,722    -    8,681    +      149 
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           149        43,391     1,663,190     1,706,731 
  Weekly changes                                 0             0             0             0    +        6    -    1,462    -    1,456 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                68             0             0             0             0             0            68 
                                                                                                                                       
Reverse repurchase agreements (4)          244,204             0           ...           ...           ...           ...       244,204 
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 22, 2018  

Mortgage-backed securities held outright (1)                                                                             1,706,731  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            4,945  
Commitments to sell mortgage-backed securities (2)                                                                              15  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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 22, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,720  
                                                                                                                                    
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 22, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 15, 2018 Aug 23, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,791   +        7   -       81  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,167,217   -    1,634   -  233,304  
    Securities held outright (1)                                          4,033,680   -    1,308   -  217,050  
      U.S. Treasury securities                                            2,324,540   +      149   -  140,733  
        Bills (2)                                                               100   +      100   +      100  
        Notes and bonds, nominal (2)                                      2,188,006            0   -  149,559  
        Notes and bonds, inflation-indexed (2)                              114,592            0   +    5,619  
        Inflation compensation (3)                                           21,842   +       49   +    3,107  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,706,731   -    1,456   -   71,968  
    Unamortized premiums on securities held outright  
    (5)                                                                     147,068   -      393   -   17,085  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,815   +       29   +      783  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       285   +       39   +       49  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,720   +        1   +       12  
  Items in process of collection                                   (0)           54   -      135   +        1  
  Bank premises                                                               2,183   +        1   -       16  
  Central bank liquidity swaps (8)                                               68   -       38   +       32  
  Foreign currency denominated assets (9)                                    21,080   +      292   -      360  
  Other assets (10)                                                          18,468   +    1,400   -    1,302  
                                                                                                               
Total assets                                                       (0)    4,228,818   -      106   -  235,019  

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 22, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 15, 2018 Aug 23, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,627,390   +    1,476   +  107,790 
  Reverse repurchase agreements (11)                                         244,204   -    5,332   -  163,619 
  Deposits                                                          (0)    2,312,371   +    4,016   -  176,313 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,902,785   -   15,959   -  435,385 
    U.S. Treasury, General Account                                           334,992   +   16,875   +  267,062 
    Foreign official                                                           5,256   -        1   +       91 
    Other (12)                                                      (0)       69,338   +    3,101   -    8,080 
  Deferred availability cash items                                  (0)          278   -       57   -      244 
  Other liabilities and accrued dividends (13)                                 5,553   -      213   -      678 
                                                                                                               
Total liabilities                                                   (0)    4,189,796   -      111   -  233,065 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,196   +        4   +    1,220 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,021   +        4   -    1,955 

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 22, 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                                             1,791          42          42          161         117         251         201         295          34          45         108         203         291
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,167,217      79,584   2,300,471      105,206     118,134     246,585     250,146     223,195      55,599      34,876      65,601     172,303     515,517
    Securities held outright (1)               4,033,680      77,039   2,226,904      101,842     114,356     238,698     242,129     216,035      53,702      33,661      63,500     166,792     499,023
      U.S. Treasury securities                 2,324,540      44,396   1,283,326       58,690      65,901     137,557     139,535     124,497      30,947      19,398      36,594      96,119     287,578
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,324,440      44,394   1,283,271       58,687      65,899     137,551     139,529     124,492      30,946      19,397      36,592      96,115     287,566
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,706,731      32,597     942,248       43,091      48,386     100,998     102,450      91,409      22,722      14,243      26,868      70,573     211,147
    Unamortized premiums on securities held 
      outright (5)                               147,068       2,809      81,193        3,713       4,169       8,703       8,828       7,877       1,958       1,227       2,315       6,081      18,194
    Unamortized discounts on securities     
      held outright (5)                          -13,815        -264      -7,627         -349        -392        -818        -829        -740        -184        -115        -217        -571      -1,709
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            285           0           1            0           0           2          18          23         123         103           4           1           9
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,720           0       1,720            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      54           0           0            0           0           0          54           0           0           1           0           0           0
  Bank premises                                    2,183         109         442           76         118         196         203         197         106          95         233         219         189
  Central bank liquidity swaps (8)                    68           3          21            4           5          15           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,080         897       6,646        1,197       1,701       4,554       1,218         894         304          97         209         261       3,103
  Other assets (10)                               18,468         382       9,672          459         527       1,294       1,098         965         442         194         346         839       2,250
  Interdistrict settlement account                     0  +    2,982  +   27,380   -    6,635  +    2,343  +    8,632  +   28,213  -   10,419  +      839  -      700  -    6,322  +    6,100  -   52,413
                                                                                                                                                                                                         
Total assets                                   4,228,818      84,560   2,351,837      101,029     123,727     262,710     283,282     216,292      57,810      34,896      60,636     181,113     470,925

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 22, 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            1,809,328      58,563     604,939      53,807      87,537     125,038     262,580     118,481      53,999      30,444      47,208     149,064     217,668
    Less: Notes held by F.R. Banks               181,938       6,172      44,978       6,993       9,221      14,638      27,987      12,410       5,523       3,084       5,630      17,475      27,826
      Federal Reserve notes, net               1,627,390      52,392     559,961      46,813      78,316     110,400     234,593     106,071      48,477      27,359      41,577     131,589     189,842
  Reverse repurchase agreements (11)             244,204       4,664     134,820       6,166       6,923      14,451      14,659      13,079       3,251       2,038       3,844      10,098      30,212
  Deposits                                     2,312,371      25,661   1,642,540      45,559      35,130     128,889      31,308      95,150       5,332       4,943      14,657      38,666     244,536
    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                           1,902,785      25,629   1,280,954      45,556      35,064     128,329      31,273      48,068       5,317       4,891      14,642      38,533     244,529
    U.S. Treasury, General Account               334,992           0     334,992           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)                                    69,338          31      21,364           1          62         552          33      47,080          15          52          15         132           1
  Deferred availability cash items                   278           0           0           0           0           0          56           0           0         222           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,474          40         685          47          60         117         121          84          29          12          30          68         181
  Other liabilities and accrued             
     dividends                                     4,079         169       1,462         188         192         492         308         280         134         146         151         210         348
                                                                                                                                                                                                        
Total liabilities                              4,189,796      82,926   2,339,467      98,773     120,621     254,349     281,045     214,663      57,223      34,719      60,260     180,631     465,119
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,196       1,343      10,219       1,868       2,555       6,887       1,842       1,340         489         146         308         398       4,802
  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                  4,228,818      84,560   2,351,837     101,029     123,727     262,710     283,282     216,292      57,810      34,896      60,636     181,113     470,925

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 22, 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 22, 2018  

Federal Reserve notes outstanding                                                            1,809,328  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,938  
    Federal Reserve notes to be collateralized                                               1,627,390  
Collateral held against Federal Reserve notes                                                1,627,390  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,611,153  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,033,680  
  Less: Face value of securities under reverse repurchase agreements                           245,076  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,788,603  

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.