---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 26, 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  Oct 25, 2017 
Federal Reserve Banks                                     Oct 25, 2017 Oct 18, 2017 Oct 26, 2016              

Reserve Bank credit                                         4,427,620   -    4,951   -    2,415    4,421,630  
  Securities held outright (1)                              4,247,653   -    4,694   +   15,969    4,243,048  
    U.S. Treasury securities                                2,465,696   +       87   +    2,161    2,465,727  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,326            0   -    3,650    2,337,326  
      Notes and bonds, inflation-indexed (2)                  109,412            0   +    4,188      109,412  
      Inflation compensation (3)                               18,957   +       86   +    1,622       18,989  
    Federal agency debt securities (2)                          6,757            0   -   11,736        6,757  
    Mortgage-backed securities (4)                          1,775,200   -    4,781   +   25,544    1,770,563  
  Unamortized premiums on securities held outright (5)        161,750   -      460   -   14,853      161,540  
  Unamortized discounts on securities held outright (5)       -14,346   +       32   +    1,011      -14,333  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           144   -       21   +       52          149  
    Primary credit                                                  6   +        1            0           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               137   -       22   +       51          134  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,706            0   -        2        1,711  
  Float                                                          -252   +       25   +       74         -263  
  Central bank liquidity swaps (8)                                 37   +        2   -    3,504           37  
  Other Federal Reserve assets (9)                             30,929   +      166   -    1,161       29,741  
Foreign currency denominated assets (10)                       21,089   -      128   +      220       21,094  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,202   +       14   +      783       49,202  
                                                                                                              
Total factors supplying reserve funds                       4,514,152   -    5,066   -    1,412    4,508,166  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 25, 2017 
Federal Reserve Banks                                     Oct 25, 2017 Oct 18, 2017 Oct 26, 2016              

Currency in circulation (11)                                 1,583,555   -      770   +  107,491    1,584,028 
Reverse repurchase agreements (12)                             336,618   +    9,844   -   64,691      347,903 
  Foreign official and international accounts                  232,390   +    4,740   -    7,032      235,846 
  Others                                                       104,228   +    5,104   -   57,659      112,057 
Treasury cash holdings                                             216   +        2   +       39          215 
Deposits with F.R. Banks, other than reserve balances          301,654   +   23,912   -  227,510      286,901 
  Term deposits held by depository institutions                 14,140   +   14,140   -   34,461       14,140 
  U.S. Treasury, General Account                               196,332   +   17,358   -  232,695      185,092 
  Foreign official                                               5,208   +       41   +       38        5,166 
  Other (13)                                                    85,973   -    7,628   +   39,607       82,503 
Other liabilities and capital (14)                              48,278   -      592   +    1,011       47,501 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,270,319   +   32,395   -  183,662    2,266,548 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,243,832   -   37,462   +  182,249    2,241,618 

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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 25, 2017 
                                                          Oct 25, 2017 Oct 18, 2017 Oct 26, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,364,785   -      318   +  239,553    3,369,860 
  Marketable U.S. Treasury securities (1)                    3,038,432   +    1,207   +  232,182    3,042,718 
  Federal agency debt and mortgage-backed securities (2)       261,779   -    1,574   +    2,113      262,502 
  Other securities (3)                                          64,574   +       49   +    5,258       64,640 
Securities lent to dealers                                      24,059   +      323   +    2,912       25,231 
  Overnight facility (4)                                        24,059   +      323   +    2,912       25,231 
    U.S. Treasury securities                                    24,059   +      323   +    2,937       25,231 
    Federal agency debt securities                                   0            0   -       24            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, October 25, 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                                          127            22             0             0             0           ...           149 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   8,701        39,496       321,809     1,133,435       328,941       633,345     2,465,727 
  Weekly changes                                 0    +        2    +        1    +       13    +       19    +       51    +       86 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           132        17,077     1,753,353     1,770,563 
  Weekly changes                                 0             0             0    -        3    -      356    -    7,023    -    7,382 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                37             0             0             0             0             0            37 
                                                                                                                                       
Reverse repurchase agreements (4)          347,903             0           ...           ...           ...           ...       347,903 
Term deposits                               14,140             0             0           ...           ...           ...        14,140 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 25, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,563  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,524  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   26  



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   
                                                                                                                      Oct 25, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,711  
                                                                                                                                    
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       Oct 25, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 18, 2017 Oct 26, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,839   -        7   -       56  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,390,404   -    7,778   +   11,736  
    Securities held outright (1)                                          4,243,048   -    7,295   +   25,170  
      U.S. Treasury securities                                            2,465,727   +       86   +    2,183  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,326            0   -    3,650  
        Notes and bonds, inflation-indexed (2)                              109,412            0   +    4,188  
        Inflation compensation (3)                                           18,989   +       86   +    1,645  
      Federal agency debt securities (2)                                      6,757            0   -   11,736  
      Mortgage-backed securities (4)                                      1,770,563   -    7,382   +   34,722  
    Unamortized premiums on securities held outright  
    (5)                                                                     161,540   -      505   -   14,516  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,333   +       32   +    1,010  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       149   -       11   +       73  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,711   +        6   +        6  
  Items in process of collection                                   (0)           54   -        3   -        8  
  Bank premises                                                               2,201   +        4   -        1  
  Central bank liquidity swaps (8)                                               37   +        2   -    3,504  
  Foreign currency denominated assets (9)                                    21,094   -       25   +      223  
  Other assets (10)                                                          27,539   -      806   -    1,606  
                                                                                                               
Total assets                                                       (0)    4,461,117   -    8,606   +    6,791  

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       Oct 25, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 18, 2017 Oct 26, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,536,876   -    1,179   +  105,495 
  Reverse repurchase agreements (11)                                         347,903   -      394   -   36,906 
  Deposits                                                          (0)    2,528,519   -    7,110   -   63,351 
    Term deposits held by depository institutions                             14,140   +   14,140   -   34,461 
    Other deposits held by depository institutions                         2,241,618   -   13,486   +  176,598 
    U.S. Treasury, General Account                                           185,092   -   11,014   -  235,164 
    Foreign official                                                           5,166   +        1            0 
    Other (12)                                                      (0)       82,503   +    3,249   +   29,677 
  Deferred availability cash items                                  (0)          318   -      176   -      209 
  Other liabilities and accrued dividends (13)                                 6,275   +      249   +      719 
                                                                                                               
Total liabilities                                                   (0)    4,419,891   -    8,611   +    5,748 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,227   +        7   +    1,045 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,227   +        7   +    1,045 

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, and designated financial market utilities. 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, October 25, 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                                             1,839          46          47          177         132         267         203         292          30          51         105         187         301
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,390,404      85,541   2,472,117      113,354     127,315     257,227     258,430     184,671      58,579      34,291      62,281     175,759     560,839
    Securities held outright (1)               4,243,048      82,670   2,389,226      109,554     123,045     248,603     249,761     178,457      56,580      33,081      60,176     169,862     542,033
      U.S. Treasury securities                 2,465,727      48,042   1,388,431       63,664      71,504     144,468     145,142     103,705      32,880      19,224      34,970      98,710     314,987
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,727      48,042   1,388,431       63,664      71,504     144,468     145,142     103,705      32,880      19,224      34,970      98,710     314,987
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,770,563      34,497     996,990       45,715      51,345     103,738     104,222      74,468      23,610      13,804      25,111      70,881     226,183
    Unamortized premiums on securities held 
      outright (5)                               161,540       3,147      90,962        4,171       4,685       9,465       9,509       6,794       2,154       1,259       2,291       6,467      20,636
    Unamortized discounts on securities     
      held outright (5)                          -14,333        -279      -8,071         -370        -416        -840        -844        -603        -191        -112        -203        -574      -1,831
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            149           3           0            0           2           0           3          23          36          63          17           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,711           0       1,711            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                                    2,201         117         441           73         121         198         203         203         110          88         236         219         192
  Central bank liquidity swaps (8)                    37           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,094         914       6,756        1,134       1,718       4,558       1,230         883         231          89         205         270       3,106
  Other assets (10)                               27,539         585      15,033          707         805       1,790       1,636       1,157         444         235         460       1,197       3,491
  Interdistrict settlement account                     0  -    9,395  +   14,113   -      310  -    9,560  -   12,563  -       93  +   51,252  -    1,392  +    1,707  +    6,687  +    3,934  -   44,382
                                                                                                                                                                                                         
Total assets                                   4,461,117      78,355   2,515,640      115,696     121,324     252,674     263,839     239,621      58,493      36,743      70,419     182,765     525,548

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, October 25, 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            1,727,613      56,227     566,751      54,880      84,805     120,880     232,847     116,759      52,173      31,212      48,221     142,155     220,702
    Less: Notes held by F.R. Banks               190,736       6,697      49,885       6,799      10,290      14,424      27,090      12,530       5,567       3,468       5,761      18,934      29,291
      Federal Reserve notes, net               1,536,876      49,531     516,866      48,081      74,515     106,457     205,757     104,229      46,606      27,744      42,460     123,221     191,411
  Reverse repurchase agreements (11)             347,903       6,778     195,901       8,983      10,089      20,384      20,479      14,632       4,639       2,712       4,934      13,928      44,443
  Deposits                                     2,528,519      20,081   1,786,896      56,076      33,123     116,387      34,746     118,655       6,595       5,683      22,459      44,826     282,992
    Term deposits held by depository        
        institutions                              14,140          50       5,579       3,000         801           0           0       1,690           0           0       1,820           0       1,200
    Other deposits held by depository       
        institutions                           2,241,618      20,026   1,567,515      53,074      32,319     116,050      34,737      58,375       6,591       5,683      20,637      44,825     281,785
    U.S. Treasury, General Account               185,092           0     185,092           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    82,503           3      23,572           0           0         328           7      58,588           3           0           1           1           1
  Deferred availability cash items                   318           0           0           0           0           0          52           0           0         266           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,065          24         571          26          35          53          86          36          18           9          15          55         138
  Other liabilities and accrued             
     dividends                                     5,210         172       2,320         209         213         525         342         320         145         142         143         219         460
                                                                                                                                                                                                        
Total liabilities                              4,419,891      76,586   2,502,555     113,375     117,975     243,805     261,461     237,872      58,002      36,556      70,011     182,248     519,445
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,227       1,336       9,883       1,783       2,535       6,707       1,794       1,330         382         145         311         389       4,631
  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                  4,461,117      78,355   2,515,640     115,696     121,324     252,674     263,839     239,621      58,493      36,743      70,419     182,765     525,548

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, October 25, 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, and designated financial market utilities. 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   
                                                                                          Oct 25, 2017  

Federal Reserve notes outstanding                                                            1,727,613  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,736  
    Federal Reserve notes to be collateralized                                               1,536,876  
Collateral held against Federal Reserve notes                                                1,536,876  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,520,640  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,048  
  Less: Face value of securities under reverse repurchase agreements                           334,634  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,908,414  

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.`

Statistical releases

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