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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                                                  August 16, 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  Aug 15, 2018 
Federal Reserve Banks                                     Aug 15, 2018  Aug 8, 2018 Aug 16, 2017              

Reserve Bank credit                                         4,217,017   -      638   -  212,860    4,189,779  
  Securities held outright (1)                              4,048,286   -      575   -  198,061    4,034,988  
    U.S. Treasury securities                                2,335,158   -    1,749   -  130,080    2,324,391  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,198,791   -    1,798   -  138,774    2,188,006  
      Notes and bonds, inflation-indexed (2)                  114,592            0   +    5,619      114,592  
      Inflation compensation (3)                               21,775   +       49   +    3,076       21,793  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,710,719   +    1,174   -   62,294    1,708,187  
  Unamortized premiums on securities held outright (5)        147,646   -      205   -   16,795      147,461  
  Unamortized discounts on securities held outright (5)       -13,796   +       19   +      796      -13,844  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           242   +       14   +       13          246  
    Primary credit                                                  6   +        3   -       12            7  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               236   +       12   +       25          240  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,719   +        2   +        9        1,719  
  Float                                                          -160   +       35   +      171         -147  
  Central bank liquidity swaps (8)                                106   +        6   +       70          106  
  Other Federal Reserve assets (9)                             32,973   +       65   +      937       19,250  
Foreign currency denominated assets (10)                       20,860   -      182   -      512       20,788  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,701   +       14   +      630       49,701  
                                                                                                              
Total factors supplying reserve funds                       4,303,819   -      806   -  212,742    4,276,509  

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  Aug 15, 2018 
Federal Reserve Banks                                     Aug 15, 2018  Aug 8, 2018 Aug 16, 2017              

Currency in circulation (11)                                 1,670,987   +    1,582   +  105,276    1,673,616 
Reverse repurchase agreements (12)                             242,520   +    5,703   -   85,999      249,536 
  Foreign official and international accounts                  240,872   +    5,901   +      321      249,221 
  Others                                                         1,648   -      199   -   86,320          315 
Treasury cash holdings                                             219   +        4   +       52          219 
Deposits with F.R. Banks, other than reserve balances          422,163   +   19,706   +  185,275      389,611 
  Term deposits held by depository institutions                      0            0   -   14,733            0 
  U.S. Treasury, General Account                               342,799   +   16,328   +  211,845      318,117 
  Foreign official                                               5,258            0   +       90        5,257 
  Other (13)                                                    74,107   +    3,379   -   11,926       66,237 
Other liabilities and capital (14)                              45,382   +    1,041   -    3,506       44,783 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,381,272   +   28,036   +  201,098    2,357,765 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,922,547   -   28,842   -  413,841    1,918,744 

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  Aug 15, 2018 
                                                          Aug 15, 2018  Aug 8, 2018 Aug 16, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,432,313   -    9,903   +   99,674    3,424,516 
  Marketable U.S. Treasury securities (1)                    3,059,736   -    8,868   +   50,403    3,053,169 
  Federal agency debt and mortgage-backed securities (2)       300,593   +      213   +   39,019      300,417 
  Other securities (3)                                          71,984   -    1,248   +   10,253       70,930 
Securities lent to dealers                                      15,450   -    3,158   -    6,310       16,938 
  Overnight facility (4)                                        15,450   -    3,158   -    6,310       16,938 
    U.S. Treasury securities                                    15,450   -    3,158   -    6,310       16,938 
    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, August 15, 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                                           69           177             0             0             0           ...           246 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        63,772       360,363     1,016,026       258,449       625,780     2,324,391 
  Weekly changes                        -   23,069             0    +   54,815    -   12,029    -   38,190    +    5,939    -   12,534 
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             0           149        43,385     1,664,652     1,708,187 
  Weekly changes                                 0             0             0    -        2    -      142    -    1,214    -    1,358 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               106             0             0             0             0             0           106 
                                                                                                                                       
Reverse repurchase agreements (4)          249,536             0           ...           ...           ...           ...       249,536 
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   
                                                                                                                      Aug 15, 2018  

Mortgage-backed securities held outright (1)                                                                             1,708,187  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,619  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   18  



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   
                                                                                                                      Aug 15, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,719  
                                                                                                                                    
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       Aug 15, 2018   Wednesday    Wednesday  
                                                        consolidation                 Aug 8, 2018 Aug 16, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,784   +        1   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,168,851   -   14,269   -  232,520  
    Securities held outright (1)                                          4,034,988   -   13,891   -  216,331  
      U.S. Treasury securities                                            2,324,391   -   12,534   -  140,856  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,188,006   -   12,583   -  149,559  
        Notes and bonds, inflation-indexed (2)                              114,592            0   +    5,619  
        Inflation compensation (3)                                           21,793   +       49   +    3,084  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,708,187   -    1,358   -   69,788  
    Unamortized premiums on securities held outright  
    (5)                                                                     147,461   -      329   -   17,006  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,844   -       40   +      784  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       246   -        9   +       33  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,719            0   +       11  
  Items in process of collection                                   (0)          189   -        5   +      116  
  Bank premises                                                               2,182   +        2   -       14  
  Central bank liquidity swaps (8)                                              106   +        6   +       70  
  Foreign currency denominated assets (9)                                    20,788   -      264   -      416  
  Other assets (10)                                                          17,068   -   14,577   -    1,130  
                                                                                                               
Total assets                                                       (0)    4,228,924   -   29,106   -  233,947  

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       Aug 15, 2018   Wednesday    Wednesday  
                                                        consolidation                 Aug 8, 2018 Aug 16, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,625,914   +    1,995   +  106,439 
  Reverse repurchase agreements (11)                                         249,536   +   12,146   -   87,787 
  Deposits                                                          (0)    2,308,355   -   43,849   -  249,393 
    Term deposits held by depository institutions                                  0            0   -   14,733 
    Other deposits held by depository institutions                         1,918,744   -   47,359   -  446,228 
    U.S. Treasury, General Account                                           318,117   +    6,427   +  222,088 
    Foreign official                                                           5,257            0   +       92 
    Other (12)                                                      (0)       66,237   -    2,917   -   10,612 
  Deferred availability cash items                                  (0)          335   -       75   -        8 
  Other liabilities and accrued dividends (13)                                 5,766   +      562   -    1,243 
                                                                                                               
Total liabilities                                                   (0)    4,189,907   -   29,219   -  231,990 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,192   +      113   +    1,218 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,017   +      113   -    1,957 

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, August 15, 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                                             1,784          42          42          158         119         252         200         293          32          45         108         202         289
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,168,851      79,616   2,301,398      105,248     118,182     246,682     250,244     223,284      55,590      34,887      65,626     172,372     515,720
    Securities held outright (1)               4,034,988      77,064   2,227,626      101,875     114,393     238,775     242,207     216,105      53,719      33,672      63,520     166,846     499,185
      U.S. Treasury securities                 2,324,391      44,393   1,283,244       58,686      65,897     137,548     139,526     124,489      30,945      19,397      36,591      96,113     287,560
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,324,391      44,393   1,283,244       58,686      65,897     137,548     139,526     124,489      30,945      19,397      36,591      96,113     287,560
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,708,187      32,625     943,052       43,128      48,428     101,084     102,537      91,487      22,742      14,255      26,891      70,633     211,327
    Unamortized premiums on securities held 
      outright (5)                               147,461       2,816      81,410        3,723       4,181       8,726       8,852       7,898       1,963       1,231       2,321       6,097      18,243
    Unamortized discounts on securities     
      held outright (5)                          -13,844        -264      -7,643         -350        -392        -819        -831        -741        -184        -116        -218        -572      -1,713
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            246           0           5            0           1           0          17          23          92         100           3           1           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,719           0       1,719            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     189           0           0            0           0           0         188           0           0           1           0           0           0
  Bank premises                                    2,182         109         441           76         118         196         203         197         106          95         233         219         189
  Central bank liquidity swaps (8)                   106           5          34            6           9          23           6           5           2           0           1           1          16
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,788         885       6,555        1,181       1,678       4,490       1,201         881         300          95         206         257       3,059
  Other assets (10)                               17,068         365       8,953          426         500       1,220       1,024         889         326         183         344         755       2,083
  Interdistrict settlement account                     0  +   12,182  -   24,061   -    4,538  +    2,950  +    6,667  +   30,347  -   10,520  +    1,913  -      606  -    6,592  +    9,090  -   16,831
                                                                                                                                                                                                         
Total assets                                   4,228,924      93,763   2,300,524      103,117     124,336     260,716     285,557     216,192      58,753      34,989      60,387     184,084     506,504

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, August 15, 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            1,805,530      58,682     604,690      53,805      87,643     125,069     261,180     117,452      53,527      30,481      47,279     148,185     217,538
    Less: Notes held by F.R. Banks               179,616       6,042      45,185       6,867       9,235      14,557      27,400      12,390       5,373       3,055       5,566      17,036      26,911
      Federal Reserve notes, net               1,625,914      52,640     559,504      46,938      78,408     110,513     233,780     105,062      48,154      27,426      41,713     131,149     190,628
  Reverse repurchase agreements (11)             249,536       4,766     137,763       6,300       7,074      14,767      14,979      13,365       3,322       2,082       3,928      10,318      30,871
  Deposits                                     2,308,355      34,536   1,588,374      47,407      35,526     126,539      33,980      95,772       6,533       4,997      14,192      41,849     278,650
    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                           1,918,744      34,503   1,245,232      47,404      35,454     125,905      33,944      50,331       6,517       4,947      14,161      41,703     278,643
    U.S. Treasury, General Account               318,117           0     318,117           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    66,237          31      19,796           1          69         625          33      45,439          15          50          31         146           1
  Deferred availability cash items                   335           0           0           0           0           0         185           0           0         150           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   824           9         501           8          19         -12          76          44          11          11          12          55          91
  Other liabilities and accrued             
     dividends                                     4,942         179       2,012         208         204         550         325         322         142         146         166         230         458
                                                                                                                                                                                                        
Total liabilities                              4,189,907      92,129   2,288,154     100,861     121,231     252,356     283,325     214,565      58,161      34,812      60,012     183,602     500,698
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,192       1,343      10,218       1,868       2,555       6,885       1,838       1,338         494         146         308         397       4,802
  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                  4,228,924      93,763   2,300,524     103,117     124,336     260,716     285,557     216,192      58,753      34,989      60,387     184,084     506,504

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, August 15, 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   
                                                                                          Aug 15, 2018  

Federal Reserve notes outstanding                                                            1,805,530  
  Less: Notes held by F.R. Banks not subject to collateralization                              179,616  
    Federal Reserve notes to be collateralized                                               1,625,914  
Collateral held against Federal Reserve notes                                                1,625,914  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,609,678  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,034,988  
  Less: Face value of securities under reverse repurchase agreements                           248,858  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,786,130  

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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