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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 November 9, 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 8, 2017 
Federal Reserve Banks                                      Nov 8, 2017  Nov 1, 2017  Nov 9, 2016              

Reserve Bank credit                                         4,418,185   -    2,623   +    3,457    4,419,083  
  Securities held outright (1)                              4,237,314   -    4,140   +   19,344    4,237,373  
    U.S. Treasury securities                                2,459,927   -    4,143   -    3,702    2,459,985  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,331,201   -    4,375   -    9,473    2,331,201  
      Notes and bonds, inflation-indexed (2)                  109,537   +       89   +    4,011      109,537  
      Inflation compensation (3)                               19,189   +      143   +    1,760       19,247  
    Federal agency debt securities (2)                          6,757            0   -   11,736        6,757  
    Mortgage-backed securities (4)                          1,770,630   +        3   +   34,782    1,770,630  
  Unamortized premiums on securities held outright (5)        161,117   -      255   -   14,386      161,052  
  Unamortized discounts on securities held outright (5)       -14,292   +       24   +      982      -14,281  
  Repurchase agreements (6)                                         9   +        9   +        9           65  
  Loans                                                            53   -       52   +       25           56  
    Primary credit                                                  1   -        7            0            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                52   -       45   +       25           52  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,712   +        1   +        4        1,712  
  Float                                                          -305   +      217   +       51         -412  
  Central bank liquidity swaps (8)                                 37   -        3   -      963           37  
  Other Federal Reserve assets (9)                             32,540   +    1,576   -    1,609       33,481  
Foreign currency denominated assets (10)                       20,875   -       18   -      217       20,866  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,245   +       14   +      799       49,245  
                                                                                                              
Total factors supplying reserve funds                       4,504,546   -    2,627   +    4,039    4,505,435  

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 8, 2017 
Federal Reserve Banks                                      Nov 8, 2017  Nov 1, 2017  Nov 9, 2016              

Currency in circulation (11)                                 1,590,150   +    4,751   +  103,726    1,591,737 
Reverse repurchase agreements (12)                             290,532   -   60,776   -   79,656      301,136 
  Foreign official and international accounts                  226,905   -   13,111   -    8,285      226,590 
  Others                                                        63,626   -   47,665   -   71,372       74,546 
Treasury cash holdings                                             229   +       12   +       43          223 
Deposits with F.R. Banks, other than reserve balances          263,236   -   16,486   -  156,588      246,454 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               177,780   -   15,766   -  198,437      160,437 
  Foreign official                                               5,167   -        1   -       67        5,166 
  Other (13)                                                    80,289   -      719   +   41,917       80,851 
Other liabilities and capital (14)                              48,471   +    1,159   +      256       48,275 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,192,617   -   71,341   -  132,219    2,187,825 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,311,929   +   68,714   +  136,259    2,317,610 

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   Nov 8, 2017 
                                                           Nov 8, 2017  Nov 1, 2017  Nov 9, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,373,347   +    7,589   +  261,971    3,371,228 
  Marketable U.S. Treasury securities (1)                    3,045,632   +    7,057   +  254,647    3,042,790 
  Federal agency debt and mortgage-backed securities (2)       262,651   +      151   +    2,790      262,651 
  Other securities (3)                                          65,065   +      381   +    4,535       65,787 
Securities lent to dealers                                      25,253   -       85   +    4,791       24,239 
  Overnight facility (4)                                        25,253   -       85   +    4,791       24,239 
    U.S. Treasury securities                                    25,253   -       85   +    4,817       24,239 
    Federal agency debt securities                                   0            0   -       26            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 8, 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                                           10            46             0             0             0           ...            56 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,043        56,307       317,797     1,111,537       329,680       633,622     2,459,985 
  Weekly changes                                 0    +   27,851    -   27,846    +       24    +       36    +       93    +      158 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,366             0         1,982            62             0         2,347         6,757 
  Weekly changes                        +    2,366    -    2,366             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           134        20,733     1,749,762     1,770,630 
  Weekly changes                                 0             0             0    +        2    +    3,656    -    3,658             0 
Repurchase agreements (4)                       65             0           ...           ...           ...           ...            65 
Central bank liquidity swaps (5)                37             0             0             0             0             0            37 
                                                                                                                                       
Reverse repurchase agreements (4)          301,136             0           ...           ...           ...           ...       301,136 
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 8, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,630  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           27,993  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



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 8, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
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 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Nov 1, 2017  Nov 9, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,845   +       13   -       33  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,384,265   +       34   +    6,099  
    Securities held outright (1)                                          4,237,373   +      159   +   19,378  
      U.S. Treasury securities                                            2,459,985   +      158   -    3,669  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,331,201            0   -    9,473  
        Notes and bonds, inflation-indexed (2)                              109,537            0   +    4,011  
        Inflation compensation (3)                                           19,247   +      159   +    1,793  
      Federal agency debt securities (2)                                      6,757            0   -   11,736  
      Mortgage-backed securities (4)                                      1,770,630            0   +   34,782  
    Unamortized premiums on securities held outright  
    (5)                                                                     161,052   -      222   -   14,350  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,281   +       29   +      982  
    Repurchase agreements (6)                                                    65   +       65   +       65  
    Loans                                                                        56   +        4   +       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712            0   +        4  
  Items in process of collection                                   (0)          109   +       43   +        4  
  Bank premises                                                               2,201   +        2   +        1  
  Central bank liquidity swaps (8)                                               37   -        3   -      963  
  Foreign currency denominated assets (9)                                    20,866   +        1   -        9  
  Other assets (10)                                                          31,280   +    2,575   -    1,638  
                                                                                                               
Total assets                                                       (0)    4,458,552   +    2,665   +    3,465  

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 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Nov 1, 2017  Nov 9, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,544,556   +    2,462   +  101,172 
  Reverse repurchase agreements (11)                                         301,136   -   18,800   -   62,213 
  Deposits                                                          (0)    2,564,064   +   17,776   -   36,655 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,317,610   +   36,138   +  127,528 
    U.S. Treasury, General Account                                           160,437   -   21,327   -  205,017 
    Foreign official                                                           5,166   -       11   -      351 
    Other (12)                                                      (0)       80,851   +    2,976   +   41,185 
  Deferred availability cash items                                  (0)          521   +       18   -      122 
  Other liabilities and accrued dividends (13)                                 7,038   +    1,188   +      292 
                                                                                                               
Total liabilities                                                   (0)    4,417,315   +    2,645   +    2,474 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,237   +       20   +      991 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,237   +       20   +      991 

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, November 8, 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                                             1,845          45          48          178         139         268         197         294          35          51         105         189         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,384,265      85,421   2,468,712      113,198     127,139     256,873     258,071     184,404      58,468      34,200      62,193     175,518     560,068
    Securities held outright (1)               4,237,373      82,560   2,386,030      109,407     122,880     248,270     249,427     178,218      56,504      33,037      60,096     169,635     541,308
      U.S. Treasury securities                 2,459,985      47,930   1,385,198       63,516      71,337     144,132     144,804     103,464      32,803      19,179      34,888      98,481     314,254
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,985      47,930   1,385,198       63,516      71,337     144,132     144,804     103,464      32,803      19,179      34,888      98,481     314,254
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,770,630      34,498     997,028       45,717      51,347     103,742     104,226      74,470      23,611      13,805      25,112      70,884     226,191
    Unamortized premiums on securities held 
      outright (5)                               161,052       3,138      90,687        4,158       4,670       9,436       9,480       6,774       2,148       1,256       2,284       6,447      20,574
    Unamortized discounts on securities     
      held outright (5)                          -14,281        -278      -8,042         -369        -414        -837        -841        -601        -190        -111        -203        -572      -1,824
    Repurchase agreements (6)                         65           1          37            2           2           4           4           3           1           1           1           3           8
    Loans                                             56           0           0            0           1           0           0          10           6          18          15           5           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     109           0           0            0           0           0         108           0           0           0           0           0           0
  Bank premises                                    2,201         116         442           72         124         197         203         202         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)                                   20,866         905       6,683        1,122       1,700       4,509       1,217         873         228          88         203         267       3,072
  Other assets (10)                               31,280         657      17,157          802         918       2,009       1,868       1,318         514         264         516       1,288       3,969
  Interdistrict settlement account                     0  -    6,951  -   32,709   -      150  -    5,347  +      331  +      784  +   50,057  -      169  +    2,868  +    6,358  +    4,990  -   20,061
                                                                                                                                                                                                         
Total assets                                   4,458,552      80,739   2,467,467      115,783     125,466     265,383     264,624     238,311      59,677      37,841      70,056     183,668     549,537

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 8, 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            1,731,624      56,461     571,482      54,791      84,637     120,603     233,415     116,756      52,204      31,171      48,282     141,858     219,963
    Less: Notes held by F.R. Banks               187,068       6,580      52,323       6,534       9,696      13,422      26,589      12,003       5,366       3,242       5,654      17,986      27,672
      Federal Reserve notes, net               1,544,556      49,881     519,159      48,257      74,940     107,181     206,826     104,754      46,838      27,929      42,628     123,872     192,290
  Reverse repurchase agreements (11)             301,136       5,867     169,567       7,775       8,733      17,644      17,726      12,665       4,016       2,348       4,271      12,055      38,469
  Deposits                                     2,564,064      23,031   1,762,150      57,185      38,178     131,104      37,167     118,777       8,157       6,771      22,584      46,933     312,027
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,317,610      23,015   1,575,818      57,183      38,174     130,795      37,159      59,011       8,150       6,771      22,583      46,932     312,021
    U.S. Treasury, General Account               160,437           0     160,437           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,139           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    80,851          15      20,756           0           0         300           7      59,765           6           0           1           0           1
  Deferred availability cash items                   521           0           0           0           0           0          65           0           0         455           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,674          26         960          39          54          61         115          64          25          13          24          75         218
  Other liabilities and accrued             
     dividends                                     5,365         164       2,545         206         212         527         328         301         148         139         142         216         437
                                                                                                                                                                                                        
Total liabilities                              4,417,315      78,970   2,454,381     113,462     122,117     256,517     262,228     236,561      59,183      37,655      69,648     183,151     543,442
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,237       1,336       9,884       1,783       2,534       6,706       1,813       1,331         384         143         311         390       4,623
  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                  4,458,552      80,739   2,467,467     115,783     125,466     265,383     264,624     238,311      59,677      37,841      70,056     183,668     549,537

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 8, 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   
                                                                                           Nov 8, 2017  

Federal Reserve notes outstanding                                                            1,731,624  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,068  
    Federal Reserve notes to be collateralized                                               1,544,556  
Collateral held against Federal Reserve notes                                                1,544,556  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,528,319  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,438  
  Less: Face value of securities under reverse repurchase agreements                           290,903  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,946,534  

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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