---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 5, 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   Apr 4, 2018 
Federal Reserve Banks                                      Apr 4, 2018 Mar 28, 2018  Apr 5, 2017              

Reserve Bank credit                                         4,351,813   -    5,540   -   82,959    4,345,426  
  Securities held outright (1)                              4,178,587   -   10,027   -   68,271    4,171,790  
    U.S. Treasury securities                                2,419,828   -    4,996   -   44,579    2,413,031  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,288,742   -    5,143   -   50,728    2,281,885  
      Notes and bonds, inflation-indexed (2)                  111,220            0   +    4,177      111,220  
      Inflation compensation (3)                               19,866   +      147   +    1,971       19,926  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,754,368   -    5,030   -   14,754    1,754,368  
  Unamortized premiums on securities held outright (5)        154,393   -      418   -   14,964      154,279  
  Unamortized discounts on securities held outright (5)       -14,010   +       13   +      964      -14,038  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            29   +       10   -       27           24  
    Primary credit                                                 10   +        5   -       34            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                19   +        5   +        8           23  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   -        1        1,708  
  Float                                                          -532   -      324   +       97         -378  
  Central bank liquidity swaps (8)                              5,011   +    4,932   -       64        5,011  
  Other Federal Reserve assets (9)                             26,626   +      272   -      695       27,029  
Foreign currency denominated assets (10)                       22,269   -       93   +    2,162       22,166  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,566   +       14   +      785       49,566  
                                                                                                              
Total factors supplying reserve funds                       4,439,889   -    5,619   -   80,013    4,433,399  

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   Apr 4, 2018 
Federal Reserve Banks                                      Apr 4, 2018 Mar 28, 2018  Apr 5, 2017              

Currency in circulation (11)                                 1,637,768   +    2,466   +  100,573    1,640,597 
Reverse repurchase agreements (12)                             270,063   +   29,775   -  250,776      265,257 
  Foreign official and international accounts                  248,976   +   19,599   -    3,201      260,687 
  Others                                                        21,087   +   10,175   -  247,574        4,570 
Treasury cash holdings                                             319   +        2   +       53          320 
Deposits with F.R. Banks, other than reserve balances          393,054   -   17,567   +  212,476      384,291 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               303,916   -   14,942   +  214,706      300,604 
  Foreign official                                               5,255   -       54   +       76        5,254 
  Other (13)                                                    83,883   -    2,571   -    2,307       78,434 
Other liabilities and capital (14)                              44,639   -    1,019   -    2,527       44,202 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,345,844   +   13,657   +   59,801    2,334,668 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,094,045   -   19,276   -  139,813    2,098,731 

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   Apr 4, 2018 
                                                           Apr 4, 2018 Mar 28, 2018  Apr 5, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,437,837   -    6,386   +  223,646    3,441,253 
  Marketable U.S. Treasury securities (1)                    3,084,140   -    6,796   +  192,545    3,088,031 
  Federal agency debt and mortgage-backed securities (2)       274,105   +    1,499   +   13,451      273,923 
  Other securities (3)                                          79,592   -    1,089   +   17,649       79,298 
Securities lent to dealers                                      26,918   +    2,460   +    2,590       24,874 
  Overnight facility (4)                                        26,918   +    2,460   +    2,590       24,874 
    U.S. Treasury securities                                    26,918   +    2,460   +    2,638       24,874 
    Federal agency debt securities                                   0            0   -       48            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, April 4, 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                                            2            22             0             0             0           ...            24 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     229       119,506       290,367     1,080,010       296,395       626,525     2,413,031 
  Weekly changes                        -   30,972    +   30,225    -    8,071    -    1,503    -    1,617    +       86    -   11,852 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,982            62             0             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1            74        36,610     1,717,683     1,754,368 
  Weekly changes                                 0             0             0    +        8    +      901    -      909             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             5,011             0             0             0             0             0         5,011 
                                                                                                                                       
Reverse repurchase agreements (4)          265,257             0           ...           ...           ...           ...       265,257 
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   
                                                                                                                       Apr 4, 2018  

Mortgage-backed securities held outright (1)                                                                             1,754,368  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           14,422  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Apr 4, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
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        Apr 4, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 28, 2018  Apr 5, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,822   -       13   -       86  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,312,055   -   12,154   -   89,111  
    Securities held outright (1)                                          4,171,790   -   11,852   -   75,116  
      U.S. Treasury securities                                            2,413,031   -   11,852   -   51,423  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,281,885   -   12,000   -   57,395  
        Notes and bonds, inflation-indexed (2)                              111,220            0   +    3,987  
        Inflation compensation (3)                                           19,926   +      148   +    1,984  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,754,368            0   -   14,754  
    Unamortized premiums on securities held outright  
    (5)                                                                     154,279   -      267   -   14,935  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,038   -       43   +      928  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        24   +        8   +       11  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708   -        1   -       10  
  Items in process of collection                                   (0)           75   +        2   +        3  
  Bank premises                                                               2,198   +        1   -        1  
  Central bank liquidity swaps (8)                                            5,011   +    4,932   -       64  
  Foreign currency denominated assets (9)                                    22,166   -       89   +    2,124  
  Other assets (10)                                                          24,831   +    1,226   -    1,385  
                                                                                                               
Total assets                                                       (0)    4,386,104   -    6,094   -   88,530  

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        Apr 4, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 28, 2018  Apr 5, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,593,169   +    3,634   +   99,691 
  Reverse repurchase agreements (11)                                         265,257   +    9,817   -  159,933 
  Deposits                                                          (0)    2,483,022   -   18,320   -   25,327 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,098,731   -   20,274   -  239,045 
    U.S. Treasury, General Account                                           300,604   +      249   +  217,651 
    Foreign official                                                           5,254            0   +       77 
    Other (12)                                                      (0)       78,434   +    1,706   -    4,009 
  Deferred availability cash items                                  (0)          453   -      150   -      223 
  Other liabilities and accrued dividends (13)                                 5,006   -    1,111   -    1,346 
                                                                                                               
Total liabilities                                                   (0)    4,346,908   -    6,129   -   87,137 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,696   +       35   +    1,107 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,196   +       35   -    1,393 

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, April 4, 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                                             1,822          54          50          184         118         267         183         299          29          52         112         187         286
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,312,055      84,014   2,428,069      111,335     125,045     252,644     253,822     181,378      57,500      33,623      61,155     172,624     550,846
    Securities held outright (1)               4,171,790      81,282   2,349,101      107,714     120,978     244,428     245,567     175,460      55,630      32,525      59,166     167,009     532,931
      U.S. Treasury securities                 2,413,031      47,015   1,358,758       62,303      69,976     141,381     142,040     101,489      32,177      18,813      34,222      96,601     308,256
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,413,031      47,015   1,358,758       62,303      69,976     141,381     142,040     101,489      32,177      18,813      34,222      96,601     308,256
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,754,368      34,182     987,870       45,297      50,875     102,789     103,269      73,786      23,394      13,678      24,881      70,233     224,114
    Unamortized premiums on securities held 
      outright (5)                               154,279       3,006      86,873        3,983       4,474       9,039       9,081       6,489       2,057       1,203       2,188       6,176      19,709
    Unamortized discounts on securities     
      held outright (5)                          -14,038        -274      -7,905         -362        -407        -823        -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                                             24           0           0            1           0           0           0          19           0           4           0           1           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      75           0           0            0           0           0          74           0           0           0           0           0           0
  Bank premises                                    2,198         112         444           73         120         197         203         201         108          95         235         220         191
  Central bank liquidity swaps (8)                 5,011         213       1,580          285         404       1,083         290         212          72          23          50          62         738
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,166         943       6,989        1,259       1,789       4,788       1,281         940         320         102         220         274       3,262
  Other assets (10)                               24,831         518      13,529          640         734       1,671       1,487       1,050         413         204         421       1,013       3,152
  Interdistrict settlement account                     0  +    4,095  -   81,810   -    1,371  +      104  +   38,023  +   13,771  +   40,229  +    1,872  +    2,395  +    9,817  +    7,416  -   34,542
                                                                                                                                                                                                         
Total assets                                   4,386,104      90,493   2,375,969      112,964     129,105     299,861     273,284     225,471      60,806      36,775      72,454     182,995     525,928

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, April 4, 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            1,774,780      59,896     602,953      53,753      88,382     124,040     242,297     114,375      52,041      30,685      47,297     139,389     219,670
    Less: Notes held by F.R. Banks               181,610       6,410      48,617       7,090       9,835      13,614      27,330      12,004       5,441       3,667       5,932      17,366      24,305
      Federal Reserve notes, net               1,593,169      53,487     554,337      46,663      78,547     110,426     214,968     102,372      46,600      27,018      41,365     122,023     195,365
  Reverse repurchase agreements (11)             265,257       5,168     149,364       6,849       7,692      15,542      15,614      11,156       3,537       2,068       3,762      10,619      33,886
  Deposits                                     2,483,022      30,007   1,657,859      56,971      39,521     164,914      40,019     109,988       9,927       6,977      26,785      49,601     290,454
    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                           2,098,731      29,976   1,327,938      56,969      39,456     164,523      39,981      56,202       9,919       6,976      26,775      49,569     290,446
    U.S. Treasury, General Account               300,604           0     300,604           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    78,434          29      24,090           0          61         382          36      53,784           7           0          10          31           2
  Deferred availability cash items                   453           0           0           0           0           0          67           0           0         386           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   974           7         637           9          11          -4          81          32          24           9           5          57         106
  Other liabilities and accrued             
     dividends                                     4,032         162       1,459         185         193         501         295         270         134         137         139         206         351
                                                                                                                                                                                                        
Total liabilities                              4,346,908      88,832   2,363,655     110,676     125,964     291,378     271,044     223,819      60,222      36,596      72,056     182,506     520,160
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,696       1,343       9,949       1,861       2,536       6,863       1,806       1,334         475         145         323         396       4,664
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,386,104      90,493   2,375,969     112,964     129,105     299,861     273,284     225,471      60,806      36,775      72,454     182,995     525,928

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, April 4, 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 $7.5 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   
                                                                                           Apr 4, 2018  

Federal Reserve notes outstanding                                                            1,774,780  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,610  
    Federal Reserve notes to be collateralized                                               1,593,169  
Collateral held against Federal Reserve notes                                                1,593,169  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,576,932  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,171,790  
  Less: Face value of securities under reverse repurchase agreements                           260,703  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,911,088  

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:  April 05, 2018