FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 24, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 22, 2017 
Federal Reserve Banks                                     Nov 22, 2017 Nov 15, 2017 Nov 23, 2016              

Reserve Bank credit                                         4,409,994   -   12,738   -   12,157    4,410,770  
  Securities held outright (1)                              4,239,490   -    1,844   +    2,622    4,239,896  
    U.S. Treasury securities                                2,456,745   -    2,840   -    7,022    2,456,822  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,327,698   -    3,003   -   12,976    2,327,698  
      Notes and bonds, inflation-indexed (2)                  109,537            0   +    4,011      109,537  
      Inflation compensation (3)                               19,510   +      162   +    1,943       19,588  
    Federal agency debt securities (2)                          4,729   -    2,028   -   13,764        4,391  
    Mortgage-backed securities (4)                          1,778,016   +    3,025   +   23,409    1,778,683  
  Unamortized premiums on securities held outright (5)        160,884   -      168   -   14,694      160,744  
  Unamortized discounts on securities held outright (5)       -14,265   +        2   +      971      -14,251  
  Repurchase agreements (6)                                         9   -       28   +        9            0  
  Loans                                                            67   -        1   +       38           56  
    Primary credit                                                 17   -        2   +       13           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                50   +        1   +       25           46  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710   -        2   +        3        1,710  
  Float                                                          -322   -       90   +       56         -475  
  Central bank liquidity swaps (8)                                 35            0   -      166           35  
  Other Federal Reserve assets (9)                             22,386   -   10,607   -      995       23,054  
Foreign currency denominated assets (10)                       21,174   +      187   +    1,161       21,231  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,273   +       14   +      806       49,273  
                                                                                                              
Total factors supplying reserve funds                       4,496,682   -   12,537   -   10,190    4,497,515  

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  Nov 22, 2017 
Federal Reserve Banks                                     Nov 22, 2017 Nov 15, 2017 Nov 23, 2016              

Currency in circulation (11)                                 1,594,545   +    3,299   +  103,299    1,598,883 
Reverse repurchase agreements (12)                             266,421   +    3,994   -   98,810      283,250 
  Foreign official and international accounts                  228,371   +    4,245   -   19,196      231,616 
  Others                                                        38,051   -      250   -   79,613       51,634 
Treasury cash holdings                                             205   -       16   +       26          204 
Deposits with F.R. Banks, other than reserve balances          246,552   -   23,696   -  226,046      236,937 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               163,579   -   11,052   -  236,086      151,783 
  Foreign official                                               5,166   -       92   -       15        5,165 
  Other (13)                                                    77,806   -   12,554   +   10,054       79,989 
Other liabilities and capital (14)                              49,053   +      231   +    2,338       48,407 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,156,775   -   16,189   -  219,195    2,167,681 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,339,907   +    3,652   +  209,006    2,329,834 

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  Nov 22, 2017 
                                                          Nov 22, 2017 Nov 15, 2017 Nov 23, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,372,270   +    3,162   +  251,841    3,384,366 
  Marketable U.S. Treasury securities (1)                    3,042,804   +    2,358   +  244,610    3,049,514 
  Federal agency debt and mortgage-backed securities (2)       261,994   -      261   -       69      263,345 
  Other securities (3)                                          67,472   +    1,065   +    7,300       71,507 
Securities lent to dealers                                      20,956   -      241   -      748       21,806 
  Overnight facility (4)                                        20,956   -      241   -      748       21,806 
    U.S. Treasury securities                                    20,956   -      241   -      723       21,806 
    Federal agency debt securities                                   0            0   -       25            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 22, 2017   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           56             0             0             0             0           ...            56 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,869        65,010       335,542     1,117,078       308,286       623,038     2,456,822 
  Weekly changes                                 0    +   16,568    -   16,561    +       28    +   15,446    -   15,298    +      181 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                        -    2,366             0             0             0             0             0    -    2,366 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           160        20,646     1,757,877     1,778,683 
  Weekly changes                                 0             0             0    +       27    +       31    +    2,772    +    2,829 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          283,250             0           ...           ...           ...           ...       283,250 
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   
                                                                                                                      Nov 22, 2017  

Mortgage-backed securities held outright (1)                                                                             1,778,683  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,136  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   30  



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   
                                                                                                                      Nov 22, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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       Nov 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 15, 2017 Nov 23, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,835   -       20   +        5  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,386,446   +      394   -   15,342  
    Securities held outright (1)                                          4,239,896   +      644   -    1,434  
      U.S. Treasury securities                                            2,456,822   +      181   -    6,979  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,327,698            0   -   12,976  
        Notes and bonds, inflation-indexed (2)                              109,537            0   +    4,011  
        Inflation compensation (3)                                           19,588   +      182   +    1,987  
      Federal agency debt securities (2)                                      4,391   -    2,366   -   14,102  
      Mortgage-backed securities (4)                                      1,778,683   +    2,829   +   19,647  
    Unamortized premiums on securities held outright  
    (5)                                                                     160,744   -      288   -   14,886  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,251   +       33   +      967  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        56   +        5   +        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710            0   +       10  
  Items in process of collection                                   (0)           68   -        3   +        5  
  Bank premises                                                               2,209   +        5   +        5  
  Central bank liquidity swaps (8)                                               35            0   -      166  
  Foreign currency denominated assets (9)                                    21,231   +      109   +    1,397  
  Other assets (10)                                                          20,845   +    1,842   -    1,079  
                                                                                                               
Total assets                                                       (0)    4,450,615   +    2,326   -   15,167  

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       Nov 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 15, 2017 Nov 23, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,551,645   +    5,805   +  103,289 
  Reverse repurchase agreements (11)                                         283,250   +   19,801   -   91,109 
  Deposits                                                          (0)    2,566,771   -   24,118   -   29,481 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,329,834   -   27,972   +  226,650 
    U.S. Treasury, General Account                                           151,783   +    3,618   -  234,900 
    Foreign official                                                           5,165   -      203   -        1 
    Other (12)                                                      (0)       79,989   +      440   -   21,230 
  Deferred availability cash items                                  (0)          542   +      155   +       20 
  Other liabilities and accrued dividends (13)                                 7,164   +      678   +    1,240 
                                                                                                               
Total liabilities                                                   (0)    4,409,372   +    2,321   -   16,041 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,243   +        5   +      873 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,243   +        5   +      873 

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, November 22, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,835          47          45          183         141         271         192         288          33          51         104         187         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,386,446      85,463   2,469,940      113,255     127,201     257,001     258,199     184,504      58,494      34,215      62,224     175,604     560,345
    Securities held outright (1)               4,239,896      82,609   2,387,451      109,472     122,953     248,418     249,576     178,325      56,538      33,056      60,132     169,736     541,631
      U.S. Treasury securities                 2,456,822      47,868   1,383,417       63,434      71,246     143,947     144,618     103,331      32,761      19,155      34,843      98,354     313,850
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,456,822      47,868   1,383,417       63,434      71,246     143,947     144,618     103,331      32,761      19,155      34,843      98,354     313,850
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,778,683      34,655   1,001,562       45,925      51,580     104,214     104,700      74,809      23,718      13,868      25,226      71,206     227,220
    Unamortized premiums on securities held 
      outright (5)                               160,744       3,132      90,514        4,150       4,661       9,418       9,462       6,761       2,143       1,253       2,280       6,435      20,534
    Unamortized discounts on securities     
      held outright (5)                          -14,251        -278      -8,025         -368        -413        -835        -839        -599        -190        -111        -202        -571      -1,821
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             56           0           0            0           0           0           0          18           3          17          15           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      68           0           0            0           0           0          67           0           0           0           0           0           0
  Bank premises                                    2,209         116         444           72         125         197         204         205         110          88         236         219         192
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,231         920       6,800        1,141       1,729       4,588       1,238         889         232          90         206         271       3,126
  Other assets (10)                               20,845         444      11,221          529         604       1,383       1,233         876         471         175         353         930       2,627
  Interdistrict settlement account                     0  -    2,792  -   24,898   +    1,858  -    3,575  +    4,052  +    2,257  +   49,499  -    1,466  +    2,986  +    7,029  +    3,242  -   38,193
                                                                                                                                                                                                         
Total assets                                   4,450,615      84,745   2,470,683      117,598     127,019     268,687     265,566     237,423      58,364      37,887      70,597     181,652     530,392

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, November 22, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,737,209      56,601     573,616      54,549      84,335     120,190     238,321     116,654      52,322      31,183      48,115     141,548     219,776
    Less: Notes held by F.R. Banks               185,564       6,460      51,683       6,724       9,338      13,941      27,520      11,590       5,379       3,072       5,347      17,157      27,352
      Federal Reserve notes, net               1,551,645      50,140     521,933      47,825      74,997     106,248     210,801     105,063      46,943      28,112      42,768     124,391     192,425
  Reverse repurchase agreements (11)             283,250       5,519     159,496       7,313       8,214      16,596      16,673      11,913       3,777       2,208       4,017      11,339      36,184
  Deposits                                     2,566,771      27,097   1,772,850      59,873      40,174     136,279      35,143     118,311       6,982       6,756      23,227      45,100     294,980
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,329,834      27,090   1,595,655      59,871      40,170     135,996      35,134      58,888       6,976       6,756      23,226      45,098     294,973
    U.S. Treasury, General Account               151,783           0     151,783           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    79,989           5      20,274           0           0         275           7      59,421           6           0           1           1           1
  Deferred availability cash items                   542           0           0           0           0           0          74           0           0         468           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,938          48       1,033          55          63         116         140          74          22          15          32          89         252
  Other liabilities and accrued             
     dividends                                     5,225         172       2,283         211         221         581         338         313         145         142         144         216         459
                                                                                                                                                                                                        
Total liabilities                              4,409,372      82,976   2,457,594     115,278     123,669     259,820     263,169     235,674      57,868      37,701      70,189     181,135     524,300
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,243       1,336       9,888       1,783       2,535       6,706       1,814       1,331         387         143         311         390       4,620
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,450,615      84,745   2,470,683     117,598     127,019     268,687     265,566     237,423      58,364      37,887      70,597     181,652     530,392

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, November 22, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Nov 22, 2017  

Federal Reserve notes outstanding                                                            1,737,209  
  Less: Notes held by F.R. Banks not subject to collateralization                              185,564  
    Federal Reserve notes to be collateralized                                               1,551,645  
Collateral held against Federal Reserve notes                                                1,551,645  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,535,408  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,896  
  Less: Face value of securities under reverse repurchase agreements                           277,876  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,962,021  

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.