---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 15, 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  Feb 14, 2018 
Federal Reserve Banks                                     Feb 14, 2018  Feb 7, 2018 Feb 15, 2017              

Reserve Bank credit                                         4,385,073   +    5,614   -   39,420    4,394,201  
  Securities held outright (1)                              4,204,502   +    3,168   -   27,536    4,212,491  
    U.S. Treasury securities                                2,436,180   -       19   -   27,262    2,436,173  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,307,591            0   -   33,791    2,307,591  
      Notes and bonds, inflation-indexed (2)                  109,413            0   +    4,483      109,413  
      Inflation compensation (3)                               19,175   -       19   +    2,045       19,168  
    Federal agency debt securities (2)                          4,391            0   -   11,210        4,391  
    Mortgage-backed securities (4)                          1,763,931   +    3,188   +   10,937    1,771,927  
  Unamortized premiums on securities held outright (5)        156,996   -      166   -   13,944      157,095  
  Unamortized discounts on securities held outright (5)       -14,045   +       29   +      992      -14,036  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            18   +        1   +        7           17  
    Primary credit                                                  3   -        5   -        3            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                15   +        6   +       10           16  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715            0   +       10        1,715  
  Float                                                          -156   -       10   +      161         -122  
  Central bank liquidity swaps (8)                                 62   +       23   -      174           62  
  Other Federal Reserve assets (9)                             35,981   +    2,568   +    1,064       36,978  
Foreign currency denominated assets (10)                       22,019   -       28   +    2,189       22,248  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,465   +       14   +      817       49,465  
                                                                                                              
Total factors supplying reserve funds                       4,472,799   +    5,601   -   36,413    4,482,155  

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  Feb 14, 2018 
Federal Reserve Banks                                     Feb 14, 2018  Feb 7, 2018 Feb 15, 2017              

Currency in circulation (11)                                 1,613,666   +    4,615   +  106,918    1,616,273 
Reverse repurchase agreements (12)                             266,153   -   11,002   -   72,284      268,400 
  Foreign official and international accounts                  229,688   -    1,758   -   23,374      229,882 
  Others                                                        36,466   -    9,243   -   48,909       38,518 
Treasury cash holdings                                             274   +        6   +       43          279 
Deposits with F.R. Banks, other than reserve balances          290,772   +    1,853   -   77,594      293,278 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               197,681   -    6,255   -  112,238      180,845 
  Foreign official                                               5,256   +        2   +       82        5,254 
  Other (13)                                                    87,835   +    8,106   +   34,563      107,178 
Other liabilities and capital (14)                              48,005   +    1,044   -      513       47,958 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,218,870   -    3,484   -   43,430    2,226,188 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,253,929   +    9,084   +    7,017    2,255,967 

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  Feb 14, 2018 
                                                          Feb 14, 2018  Feb 7, 2018 Feb 15, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,398,666   +   11,122   +  229,548    3,401,983 
  Marketable U.S. Treasury securities (1)                    3,056,948   +   11,010   +  209,478    3,060,064 
  Federal agency debt and mortgage-backed securities (2)       262,523   +      117   +    3,313      262,664 
  Other securities (3)                                          79,195   -        5   +   16,757       79,254 
Securities lent to dealers                                      28,455   +    1,964   +   11,526       28,177 
  Overnight facility (4)                                        28,455   +    1,964   +   11,526       28,177 
    U.S. Treasury securities                                    28,455   +    1,964   +   11,574       28,173 
    Federal agency debt securities                                   1   +        1   -       47            4 

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, February 14, 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                                           17             0             0             0             0           ...            17 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  48,610        92,002       270,849     1,107,777       295,684       621,252     2,436,173 
  Weekly changes                        +   32,047    -    5,819    -   26,228    +   26,470    -   26,477    -       11    -       19 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           177        36,828     1,734,920     1,771,927 
  Weekly changes                                 0             0             0             0             0    +   11,183    +   11,184 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                62             0             0             0             0             0            62 
                                                                                                                                       
Reverse repurchase agreements (4)          268,400             0           ...           ...           ...           ...       268,400 
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   
                                                                                                                      Feb 14, 2018  

Mortgage-backed securities held outright (1)                                                                             1,771,927  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           16,070  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Feb 14, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
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       Feb 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Feb 7, 2018 Feb 15, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,954   -        3   -       16  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,355,567   +   11,194   -   38,334  
    Securities held outright (1)                                          4,212,491   +   11,164   -   25,484  
      U.S. Treasury securities                                            2,436,173   -       19   -   27,273  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,307,591            0   -   33,791  
        Notes and bonds, inflation-indexed (2)                              109,413            0   +    4,483  
        Inflation compensation (3)                                           19,168   -       19   +    2,035  
      Federal agency debt securities (2)                                      4,391            0   -   10,438  
      Mortgage-backed securities (4)                                      1,771,927   +   11,184   +   12,227  
    Unamortized premiums on securities held outright  
    (5)                                                                     157,095   +       17   -   13,877  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,036   +       27   +    1,025  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        17   -       14   +        2  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715            0   +       10  
  Items in process of collection                                   (0)          100   -       44   -        6  
  Bank premises                                                               2,202   +        3   +        3  
  Central bank liquidity swaps (8)                                               62   +       23   -      174  
  Foreign currency denominated assets (9)                                    22,248   +      328   +    2,492  
  Other assets (10)                                                          34,776   +    2,614   +   16,210  
                                                                                                               
Total assets                                                       (0)    4,434,863   +   14,118   -   19,813  

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       Feb 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Feb 7, 2018 Feb 15, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,569,037   +    3,704   +  106,608 
  Reverse repurchase agreements (11)                                         268,400   -   12,140   -   95,509 
  Deposits                                                          (0)    2,549,245   +   21,297   -   31,776 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,255,967   +   15,953   +    1,696 
    U.S. Treasury, General Account                                           180,845   -   21,376   -   93,333 
    Foreign official                                                           5,254   +        1   +       72 
    Other (12)                                                      (0)      107,178   +   26,718   +   59,787 
  Deferred availability cash items                                  (0)          223   -       59   -      224 
  Other liabilities and accrued dividends (13)                                 6,385   +    1,247   +       20 
                                                                                                               
Total liabilities                                                   (0)    4,393,290   +   14,048   -   20,881 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,573   +       70   +    1,068 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,573   +       70   +    1,068 

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, February 14, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,954          56          50          196         134         279         201         310          40          51         115         209         313
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,355,567      84,863   2,452,575      112,458     126,307     255,194     256,384     183,202      58,080      33,961      61,772     174,366     556,406
    Securities held outright (1)               4,212,491      82,075   2,372,019      108,765     122,158     246,812     247,963     177,172      56,173      32,843      59,743     168,639     538,130
      U.S. Treasury securities                 2,436,173      47,466   1,371,789       62,901      70,647     142,737     143,402     102,462      32,486      18,994      34,551      97,527     311,212
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,436,173      47,466   1,371,789       62,901      70,647     142,737     143,402     102,462      32,486      18,994      34,551      97,527     311,212
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,771,927      34,524     997,757       45,750      51,384     103,818     104,302      74,525      23,628      13,815      25,130      70,936     226,357
    Unamortized premiums on securities held 
      outright (5)                               157,095       3,061      88,459        4,056       4,556       9,204       9,247       6,607       2,095       1,225       2,228       6,289      20,068
    Unamortized discounts on securities     
      held outright (5)                          -14,036        -273      -7,904         -362        -407        -822        -826        -590        -187        -109        -199        -562      -1,793
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             17           0           0            0           0           0           0          13           0           3           0           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     100           0           0            0           0           0         100           0           0           0           0           0           0
  Bank premises                                    2,202         113         446           73         121         197         204         202         109          87         236         221         192
  Central bank liquidity swaps (8)                    62           3          20            3           5          13           4           3           1           0           1           1           9
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,248         964       7,126        1,196       1,812       4,808       1,298         931         243          94         216         284       3,276
  Other assets (10)                               34,776         721      19,051          892       1,021       2,274       2,074       1,463         572         288         575       1,447       4,397
  Interdistrict settlement account                     0  -    2,549  -    8,362   -    5,851  -    8,727  -    1,188  +   11,912  +   41,319  -    2,366  +    1,430  +    5,358  -    4,579  -   26,397
                                                                                                                                                                                                         
Total assets                                   4,434,863      84,716   2,478,029      109,527     121,464     262,766     274,349     228,591      57,170      36,194      68,717     173,147     540,193

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, February 14, 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            1,759,729      57,094     595,277      54,006      83,656     119,117     243,375     115,325      52,380      30,969      47,683     140,184     220,664
    Less: Notes held by F.R. Banks               190,692       7,212      47,318       7,026      10,536      15,726      26,191      13,545       6,029       3,705       6,260      18,816      28,328
      Federal Reserve notes, net               1,569,037      49,881     547,959      46,980      73,120     103,391     217,184     101,781      46,351      27,265      41,423     121,368     192,336
  Reverse repurchase agreements (11)             268,400       5,229     151,134       6,930       7,783      15,726      15,799      11,289       3,579       2,093       3,807      10,745      34,287
  Deposits                                     2,549,245      27,633   1,763,064      52,943      36,952     133,985      38,491     113,396       6,484       6,342      22,912      40,235     306,806
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,255,967      27,626   1,528,864      52,941      36,948     133,744      38,482      54,599       6,477       6,342      22,911      40,233     306,800
    U.S. Treasury, General Account               180,845           0     180,845           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           0           0           0           1           6
    Other (12)                                   107,178           5      48,127           0           0         232           7      58,796           7           0           1           2           1
  Deferred availability cash items                   223           0           0           0           0           0          68           0           0         154           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,672          42         857          51          68         144         116          57          22          11          19          66         218
  Other liabilities and accrued             
     dividends                                     4,714         169       1,959         194         199         504         310         313         134         138         147         220         428
                                                                                                                                                                                                        
Total liabilities                              4,393,290      82,956   2,464,972     107,097     118,122     253,750     271,968     226,835      56,571      36,003      68,307     172,634     534,075
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,573       1,335       9,905       1,861       2,535       6,856       1,804       1,332         455         145         310         390       4,645
  Surplus                                         10,000         426       3,152         568         807       2,160         578         424         144          46          99         124       1,472
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,434,863      84,716   2,478,029     109,527     121,464     262,766     274,349     228,591      57,170      36,194      68,717     173,147     540,193

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, February 14, 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 $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Feb 14, 2018  

Federal Reserve notes outstanding                                                            1,759,729  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,692  
    Federal Reserve notes to be collateralized                                               1,569,037  
Collateral held against Federal Reserve notes                                                1,569,037  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,552,800  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,212,491  
  Less: Face value of securities under reverse repurchase agreements                           267,506  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,944,985  

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

---

Home Economic research and data  Accessibility Contact Us  Last update:  February 15, 2018