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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 8, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Nov 7, 2018 
Federal Reserve Banks                                      Nov 7, 2018 Oct 31, 2018  Nov 8, 2017              

Reserve Bank credit                                         4,102,109   -   19,180   -  316,076    4,102,981  
  Securities held outright (1)                              3,941,820   -   20,399   -  295,494    3,941,834  
    U.S. Treasury securities                                2,270,422   -   20,399   -  189,505    2,270,436  
      Bills (2)                                                    53            0   +       53           53  
      Notes and bonds, nominal (2)                          2,132,762   -   20,428   -  198,439    2,132,762  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,042      115,579  
      Inflation compensation (3)                               22,029   +       30   +    2,840       22,043  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,668,989            0   -  101,641    1,668,989  
  Unamortized premiums on securities held outright (5)        143,081   -      250   -   18,036      143,010  
  Unamortized discounts on securities held outright (5)       -13,521   +       30   +      771      -13,510  
  Repurchase agreements (6)                                         0            0   -        9            0  
  Loans                                                           101   -       86   +       48          103  
    Primary credit                                                 10   -        4   +        9           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                91   -       82   +       39           87  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,705            7  
  Float                                                          -146   +      206   +      159         -133  
  Central bank liquidity swaps (8)                                 80            0   +       43           79  
  Other Federal Reserve assets (9)                             30,687   +    1,319   -    1,853       31,590  
Foreign currency denominated assets (10)                       20,678   -       33   -      197       20,717  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,843   +       14   +      580       49,843  
                                                                                                              
Total factors supplying reserve funds                       4,188,872   -   19,198   -  315,692    4,189,782  

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 7, 2018 
Federal Reserve Banks                                      Nov 7, 2018 Oct 31, 2018  Nov 8, 2017              

Currency in circulation (11)                                 1,696,737   +    5,305   +  106,569    1,699,134 
Reverse repurchase agreements (12)                             228,627   +    4,867   -   61,905      230,838 
  Foreign official and international accounts                  226,477   +    4,894   -      428      228,963 
  Others                                                         2,150   -       26   -   61,476        1,875 
Treasury cash holdings                                             232   +        2   +        3          230 
Deposits with F.R. Banks, other than reserve balances          391,941   -   54,171   +  128,705      385,410 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               319,984   -   53,384   +  142,204      316,157 
  Foreign official                                               5,256   -       45   +       89        5,257 
  Other (13)                                                    66,700   -      743   -   13,589       63,995 
Other liabilities and capital (14)                              45,203   +      920   -    3,268       45,346 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,362,741   -   43,076   +  170,106    2,360,958 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,826,131   +   23,879   -  485,798    1,828,825 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Nov 7, 2018 
                                                           Nov 7, 2018 Oct 31, 2018  Nov 8, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,415,094   +      639   +   41,747    3,421,359 
  Marketable U.S. Treasury securities (1)                    3,042,700   +      185   -    2,932    3,048,974 
  Federal agency debt and mortgage-backed securities (2)       306,038   +      614   +   43,387      306,038 
  Other securities (3)                                          66,356   -      159   +    1,291       66,347 
Securities lent to dealers                                      18,610   +    2,990   -    6,643       16,676 
  Overnight facility (4)                                        18,610   +    2,990   -    6,643       16,676 
    U.S. Treasury securities                                    18,610   +    2,990   -    6,643       16,676 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 7, 2018    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           36            67             0             0             0           ...           103 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  34,357        59,402       310,003       985,378       264,108       617,188     2,270,436 
  Weekly changes                                 0    +   14,191    -   14,190    +        6    +       13    +       18    +       37 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             2           202        62,179     1,606,605     1,668,989 
  Weekly changes                                 0             0             0    +       13    +   13,477    -   13,491             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                79             0             0             0             0             0            79 
                                                                                                                                       
Reverse repurchase agreements (4)          230,838             0           ...           ...           ...           ...       230,838 
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 7, 2018  

Mortgage-backed securities held outright (1)                                                                             1,668,989  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            2,966  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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 7, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
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 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 31, 2018  Nov 8, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,733   -        4   -      112  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,071,437   -      287   -  312,828  
    Securities held outright (1)                                          3,941,834   +       37   -  295,539  
      U.S. Treasury securities                                            2,270,436   +       37   -  189,549  
        Bills (2)                                                                53            0   +       53  
        Notes and bonds, nominal (2)                                      2,132,762            0   -  198,439  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,042  
        Inflation compensation (3)                                           22,043   +       38   +    2,796  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,668,989            0   -  101,641  
    Unamortized premiums on securities held outright  
    (5)                                                                     143,010   -      227   -   18,042  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,510   +       30   +      771  
    Repurchase agreements (6)                                                     0            0   -       65  
    Loans                                                                       103   -      127   +       47  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,705  
  Items in process of collection                                   (0)          134   -       12   +       25  
  Bank premises                                                               2,186   -       24   -       15  
  Central bank liquidity swaps (8)                                               79   -        1   +       42  
  Foreign currency denominated assets (9)                                    20,717   +       91   -      149  
  Other assets (10)                                                          29,404   +    2,440   -    1,876  
                                                                                                               
Total assets                                                       (0)    4,141,936   +    2,205   -  316,616  

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 7, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 31, 2018  Nov 8, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,651,250   +    3,084   +  106,694 
  Reverse repurchase agreements (11)                                         230,838   -    5,692   -   70,298 
  Deposits                                                          (0)    2,214,234   +    4,152   -  349,830 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,828,825   +   57,284   -  488,785 
    U.S. Treasury, General Account                                           316,157   -   50,439   +  155,720 
    Foreign official                                                           5,257            0   +       91 
    Other (12)                                                      (0)       63,995   -    2,693   -   16,856 
  Deferred availability cash items                                  (0)          267   -      755   -      254 
  Other liabilities and accrued dividends (13)                                 6,232   +    1,399   -      806 
                                                                                                               
Total liabilities                                                   (0)    4,102,822   +    2,188   -  314,493 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,289   +       18   +    1,052 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,114   +       18   -    2,123 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, November 7, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,733          45          34          155         121         234         180         290          30          44         107         199         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,071,437      77,758   2,247,704      102,793     115,424     240,926     244,395     218,065      54,231      34,009      64,102     168,349     503,681
    Securities held outright (1)               3,941,834      75,285   2,176,198       99,523     111,752     233,262     236,616     211,116      52,479      32,895      62,054     162,994     487,661
      U.S. Treasury securities                 2,270,436      43,363   1,253,457       57,324      64,368     134,356     136,287     121,600      30,227      18,947      35,742      93,882     280,885
        Bills (2)                                     53           1          29            1           2           3           3           3           1           0           1           2           7
        Notes and bonds (3)                    2,270,383      43,362   1,253,427       57,322      64,366     134,352     136,284     121,597      30,226      18,946      35,741      93,880     280,878
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,668,989      31,876     921,411       42,138      47,316      98,764     100,184      89,387      22,220      13,928      26,274      69,012     206,477
    Unamortized premiums on securities held 
      outright (5)                               143,010       2,731      78,952        3,611       4,054       8,463       8,584       7,659       1,904       1,193       2,251       5,913      17,692
    Unamortized discounts on securities     
      held outright (5)                          -13,510        -258      -7,459         -341        -383        -799        -811        -724        -180        -113        -213        -559      -1,671
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            103           0          12            0           0           0           6          13          28          34          10           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     134           0           0            0           0           0         134           0           0           0           0           0           0
  Bank premises                                    2,186         108         448           79         117         195         206         195         106          95         233         219         187
  Central bank liquidity swaps (8)                    79           3          25            5           6          17           5           3           1           0           1           1          12
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,717         882       6,532        1,177       1,672       4,475       1,197         878         299          95         205         256       3,049
  Other assets (10)                               29,404         599      15,783          736         849       1,939       1,766       1,549         488         317         534       1,243       3,602
  Interdistrict settlement account                     0  +    2,321  -   29,666   -    4,720  +    1,494  +      266  +   33,161  +    1,264  +    5,364  +    1,906  -    4,247  +   12,280  -   19,423
                                                                                                                                                                                                         
Total assets                                   4,141,936      82,277   2,246,311      100,784     120,463     249,237     283,189     223,407      61,002      36,755      61,395     183,734     493,382

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 7, 2018 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,852,426      58,337     616,200      54,804      88,724     125,595     262,889     120,845      55,706      31,407      49,818     150,443     237,657
    Less: Notes held by F.R. Banks               201,175       6,281      60,373       7,306       9,273      14,128      29,964      13,024       5,569       2,918       5,764      17,430      29,145
      Federal Reserve notes, net               1,651,250      52,056     555,826      47,498      79,451     111,467     232,924     107,822      50,138      28,490      44,053     133,014     208,512
  Reverse repurchase agreements (11)             230,838       4,409     127,440       5,828       6,544      13,660      13,856      12,363       3,073       1,926       3,634       9,545      28,558
  Deposits                                     2,214,234      23,969   1,547,991      44,955      31,072     115,084      33,574     101,195       7,034       5,861      13,152      40,404     249,943
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,828,825      23,939   1,209,331      44,952      31,028     114,589      33,536      55,252       7,026       5,807      13,139      40,289     249,936
    U.S. Treasury, General Account               316,157           0     316,157           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,230           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    63,995          28      17,274           1          41         486          35      45,941           7          54          13         115           1
  Deferred availability cash items                   267           0           0           0           0           0         129           0           0         138           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,309          27         679          34          48          76         104          65          22          12          23          62         157
  Other liabilities and accrued             
     dividends                                     4,924         182       1,934         213         221         585         327         324         146         151         152         226         462
                                                                                                                                                                                                        
Total liabilities                              4,102,822      80,643   2,233,871      98,528     117,335     240,873     280,914     221,769      60,413      36,578      61,015     183,251     487,632
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,289       1,343      10,289       1,868       2,577       6,890       1,880       1,349         491         146         312         398       4,745
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,141,936      82,277   2,246,311     100,784     120,463     249,237     283,189     223,407      61,002      36,755      61,395     183,734     493,382

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 7, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Nov 7, 2018  

Federal Reserve notes outstanding                                                            1,852,426  
  Less: Notes held by F.R. Banks not subject to collateralization                              201,175  
    Federal Reserve notes to be collateralized                                               1,651,250  
Collateral held against Federal Reserve notes                                                1,651,250  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,635,013  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,941,834  
  Less: Face value of securities under reverse repurchase agreements                           229,816  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,712,017  

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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