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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                                                  October 4, 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   Oct 3, 2018 
Federal Reserve Banks                                      Oct 3, 2018 Sep 26, 2018  Oct 4, 2017              

Reserve Bank credit                                         4,145,764   -   15,611   -  274,353    4,135,597  
  Securities held outright (1)                              3,989,250   -   15,050   -  251,102    3,978,394  
    U.S. Treasury securities                                2,305,066   -    8,141   -  160,369    2,294,210  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,167,456   -    8,146   -  169,870    2,156,595  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,167      115,579  
      Inflation compensation (3)                               21,931   +        4   +    3,234       21,936  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,681,775   -    6,909   -   86,385    1,681,775  
  Unamortized premiums on securities held outright (5)        144,804   -      461   -   17,590      144,710  
  Unamortized discounts on securities held outright (5)       -13,669   +       31   +      768      -13,658  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           327   -       20   +      135          397  
    Primary credit                                                 75   +       19   +       72          151  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               252   -       40   +       63          246  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,700            7  
  Float                                                          -629   -      459   +       39         -192  
  Central bank liquidity swaps (8)                                 74   -       16   -    3,546           74  
  Other Federal Reserve assets (9)                             25,600   +      364   -    1,356       25,865  
Foreign currency denominated assets (10)                       20,872   -      214   -      293       20,782  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,773   +       14   +      598       49,773  
                                                                                                              
Total factors supplying reserve funds                       4,232,650   -   15,812   -  274,048    4,222,393  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Oct 3, 2018 
Federal Reserve Banks                                      Oct 3, 2018 Sep 26, 2018  Oct 4, 2017              

Currency in circulation (11)                                 1,686,724   +    2,159   +  106,369    1,689,897 
Reverse repurchase agreements (12)                             256,473   +   21,229   -  225,292      230,047 
  Foreign official and international accounts                  229,933   +    7,356   -    7,842      227,093 
  Others                                                        26,540   +   13,873   -  217,449        2,954 
Treasury cash holdings                                             215   +        3   +       17          220 
Deposits with F.R. Banks, other than reserve balances          443,703   -    7,101   +  195,709      420,888 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               368,007   -    2,024   +  207,574      350,281 
  Foreign official                                               5,256            0   +       90        5,257 
  Other (13)                                                    70,440   -    5,077   -   11,956       65,350 
Other liabilities and capital (14)                              43,959   -    1,178   -    3,213       43,754 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,431,074   +   15,112   +   73,590    2,384,807 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,801,576   -   30,924   -  347,639    1,837,587 

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   Oct 3, 2018 
                                                           Oct 3, 2018 Sep 26, 2018  Oct 4, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,436,117   -    2,432   +   69,966    3,440,337 
  Marketable U.S. Treasury securities (1)                    3,060,794   -    3,082   +   21,067    3,064,756 
  Federal agency debt and mortgage-backed securities (2)       306,819   +    1,077   +   43,834      306,912 
  Other securities (3)                                          68,504   -      426   +    5,065       68,668 
Securities lent to dealers                                      18,322   -      544   -    5,897       18,407 
  Overnight facility (4)                                        18,322   -      544   -    5,897       18,407 
    U.S. Treasury securities                                    18,322   -      544   -    5,897       18,407 
    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, October 3, 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                                          256           141             0             0             0           ...           397 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                      26       101,337       310,595       999,352       265,763       617,137     2,294,210 
  Weekly changes                        -   19,007    +   18,209    -    5,224    -   11,277    -    1,704    +        4    -   18,998 
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             1           184        43,603     1,637,988     1,681,775 
  Weekly changes                                 0             0             0    +       28    -       28    +       12    +       12 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                74             0             0             0             0             0            74 
                                                                                                                                       
Reverse repurchase agreements (4)          230,047             0           ...           ...           ...           ...       230,047 
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   
                                                                                                                       Oct 3, 2018  

Mortgage-backed securities held outright (1)                                                                             1,681,775  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            6,081  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Oct 3, 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. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Oct 3, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 26, 2018  Oct 4, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,762   -        4   -       98  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,109,842   -   19,177   -  278,565  
    Securities held outright (1)                                          3,978,394   -   18,986   -  261,990  
      U.S. Treasury securities                                            2,294,210   -   18,998   -  171,257  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,156,595   -   19,007   -  180,731  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,936   +        8   +    3,207  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,681,775   +       12   -   86,385  
    Unamortized premiums on securities held outright  
    (5)                                                                     144,710   -      258   -   17,568  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,658   +       30   +      774  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       397   +       38   +      220  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,700  
  Items in process of collection                                   (0)          134   -        7   +       72  
  Bank premises                                                               2,179   -       10   -       17  
  Central bank liquidity swaps (8)                                               74   -       16   -    3,546  
  Foreign currency denominated assets (9)                                    20,782   -      295   -      329  
  Other assets (10)                                                          23,686   +    1,303   -    1,537  
                                                                                                               
Total assets                                                       (0)    4,174,704   -   18,205   -  285,718  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Oct 3, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 26, 2018  Oct 4, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,642,102   +    3,887   +  106,354 
  Reverse repurchase agreements (11)                                         230,047   +      288   -  179,307 
  Deposits                                                          (0)    2,258,475   -   21,203   -  208,768 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,837,587   -      287   -  390,931 
    U.S. Treasury, General Account                                           350,281   -   16,962   +  195,662 
    Foreign official                                                           5,257   +        2   +       92 
    Other (12)                                                      (0)       65,350   -    3,956   -   13,591 
  Deferred availability cash items                                  (0)          326   -      214   -      364 
  Other liabilities and accrued dividends (13)                                 4,645   -      974   -    1,552 
                                                                                                               
Total liabilities                                                   (0)    4,135,594   -   18,217   -  283,639 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,284   +       11   +    1,094 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,109   +       11   -    2,081 

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, October 3, 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                                             1,762          48          43          158         118         245         188         292          32          43         107         200         289
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,109,842      78,486   2,268,733      103,755     116,504     243,181     246,692     220,112      54,842      34,361      64,703     169,926     508,547
    Securities held outright (1)               3,978,394      75,983   2,196,382      100,446     112,789     235,426     238,810     213,074      52,966      33,200      62,629     164,506     492,184
      U.S. Treasury securities                 2,294,210      43,817   1,266,582       57,924      65,042     135,762     137,714     122,873      30,544      19,145      36,116      94,865     283,826
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,294,110      43,815   1,266,527       57,921      65,039     135,757     137,708     122,868      30,542      19,144      36,115      94,861     283,814
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,681,775      32,120     928,470       42,461      47,679      99,521     100,952      90,072      22,390      14,034      26,475      69,541     208,059
    Unamortized premiums on securities held 
      outright (5)                               144,710       2,764      79,891        3,654       4,103       8,563       8,686       7,750       1,927       1,208       2,278       5,984      17,903
    Unamortized discounts on securities     
      held outright (5)                          -13,658        -261      -7,540         -345        -387        -808        -820        -732        -182        -114        -215        -565      -1,690
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            397           0           0            0           0           0          16          19         132          68          11           1         150
  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         133           0           0           0           0           0           0
  Bank premises                                    2,179         108         443           77         117         195         205         196         106          95         233         218         187
  Central bank liquidity swaps (8)                    74           3          23            4           6          16           4           3           1           0           1           1          11
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,782         884       6,553        1,180       1,677       4,489       1,201         881         300          95         206         257       3,058
  Other assets (10)                               23,686         487      12,661          594         686       1,605       1,423       1,248         394         254         431         996       2,908
  Interdistrict settlement account                     0  +    3,815  -    4,051   -    4,480  +    3,184  -    5,452  +   32,274  -    1,426  +    2,910  +       57  -    3,287  +    8,260  -   31,803
                                                                                                                                                                                                         
Total assets                                   4,174,704      84,391   2,289,856      101,849     123,074     245,463     284,266     222,468      59,068      35,195      62,854     181,044     485,176

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 3, 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            1,834,789      58,395     611,634      54,713      88,005     125,743     263,805     120,210      55,320      30,377      49,624     149,945     227,018
    Less: Notes held by F.R. Banks               192,687       6,151      52,345       7,229       9,214      14,023      29,839      12,927       5,576       3,078       5,708      17,262      29,336
      Federal Reserve notes, net               1,642,102      52,244     559,290      47,484      78,792     111,720     233,966     107,282      49,744      27,299      43,917     132,684     197,682
  Reverse repurchase agreements (11)             230,047       4,394     127,004       5,808       6,522      13,613      13,809      12,321       3,063       1,920       3,621       9,512      28,460
  Deposits                                     2,258,475      25,963   1,589,253      46,117      34,435     111,321      33,754     100,918       5,512       5,454      14,786      38,103     252,859
    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                           1,837,587      25,931   1,215,345      46,114      34,373     110,656      33,718      54,964       5,498       5,402      14,772      37,961     252,852
    U.S. Treasury, General Account               350,281           0     350,281           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)                                    65,350          29      18,398           1          59         657          34      45,952          13          52          13         141           2
  Deferred availability cash items                   326           0           0           0           0           0         132           0           0         194           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   535          -6         366          -4          -1         -67          72          37          24          10          10          60          33
  Other liabilities and accrued             
     dividends                                     4,110         163       1,503         188         199         513         301         272         139         142         141         203         346
                                                                                                                                                                                                        
Total liabilities                              4,135,594      82,758   2,277,416      99,593     119,947     237,100     282,034     220,831      58,481      35,018      62,475     180,562     479,380
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,284       1,343      10,288       1,868       2,576       6,888       1,837       1,348         489         145         311         398       4,791
  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                  4,174,704      84,391   2,289,856     101,849     123,074     245,463     284,266     222,468      59,068      35,195      62,854     181,044     485,176

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 3, 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   
                                                                                           Oct 3, 2018  

Federal Reserve notes outstanding                                                            1,834,789  
  Less: Notes held by F.R. Banks not subject to collateralization                              192,687  
    Federal Reserve notes to be collateralized                                               1,642,102  
Collateral held against Federal Reserve notes                                                1,642,102  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,625,865  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,978,394  
  Less: Face value of securities under reverse repurchase agreements                           231,371  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,747,023  

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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