---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 December 7, 2017


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   Dec 6, 2017 
Federal Reserve Banks                                      Dec 6, 2017 Nov 29, 2017  Dec 7, 2016              

Reserve Bank credit                                         4,396,552   -    9,346   -   12,906    4,397,213  
  Securities held outright (1)                              4,225,967   -    9,047   +    2,971    4,225,961  
    U.S. Treasury securities                                2,454,481   -    2,419   -    9,345    2,454,474  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,324,604   -    3,094   -   14,842    2,324,604  
      Notes and bonds, inflation-indexed (2)                  110,134   +      597   +    3,437      110,134  
      Inflation compensation (3)                               19,743   +       77   +    2,060       19,736  
    Federal agency debt securities (2)                          4,391            0   -   14,102        4,391  
    Mortgage-backed securities (4)                          1,767,095   -    6,628   +   26,418    1,767,096  
  Unamortized premiums on securities held outright (5)        159,986   -      477   -   14,580      159,883  
  Unamortized discounts on securities held outright (5)       -14,230   +        6   +      979      -14,219  
  Repurchase agreements (6)                                         0            0   -        8            0  
  Loans                                                            42   -        8   +        5           43  
    Primary credit                                                  5   -        1   -        9            5  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                37   -        7   +       15           37  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711   +        1   +        4        1,711  
  Float                                                          -391   +       56   +        5         -578  
  Central bank liquidity swaps (8)                                 35            0   -    1,294           35  
  Other Federal Reserve assets (9)                             23,431   +      122   -      988       24,378  
Foreign currency denominated assets (10)                       21,282   -       74   +    1,390       21,174  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,301   +       14   +      812       49,301  
                                                                                                              
Total factors supplying reserve funds                       4,483,376   -    9,406   -   10,704    4,483,930  

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   Dec 6, 2017 
Federal Reserve Banks                                      Dec 6, 2017 Nov 29, 2017  Dec 7, 2016              

Currency in circulation (11)                                 1,599,548   +      333   +  104,975    1,602,906 
Reverse repurchase agreements (12)                             299,815   +   21,529   -  115,867      303,714 
  Foreign official and international accounts                  228,835   -    2,261   -   15,049      227,346 
  Others                                                        70,980   +   23,790   -  100,818       76,368 
Treasury cash holdings                                             201   -        2   +       39          199 
Deposits with F.R. Banks, other than reserve balances          210,427   -   61,358   -  182,243      203,711 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               127,586   -   44,696   -  215,769      122,127 
  Foreign official                                               5,168   +        2   +        1        5,168 
  Other (13)                                                    77,673   -   16,663   +   33,525       76,416 
Other liabilities and capital (14)                              48,295   -      103   +    1,281       48,105 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,158,286   -   39,600   -  191,815    2,158,636 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,325,090   +   30,195   +  181,111    2,325,293 

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   Dec 6, 2017 
                                                           Dec 6, 2017 Nov 29, 2017  Dec 7, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,390,157   +    2,854   +  251,219    3,392,716 
  Marketable U.S. Treasury securities (1)                    3,047,883   +      199   +  234,450    3,050,251 
  Federal agency debt and mortgage-backed securities (2)       264,315   +      527   -    1,213      264,312 
  Other securities (3)                                          77,959   +    2,128   +   17,983       78,153 
Securities lent to dealers                                      19,843   -    1,320   -    6,230       23,171 
  Overnight facility (4)                                        19,843   -    1,320   -    6,230       23,171 
    U.S. Treasury securities                                    19,843   -    1,320   -    6,204       23,171 
    Federal agency debt securities                                   0            0   -       27            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, December 6, 2017    

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                                           10            32             0             0             0           ...            43 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        97,060       328,413     1,095,454       310,425       623,122     2,454,474 
  Weekly changes                        -    7,869    +   32,047    -    7,130    -   21,660    +    2,123    +        4    -    2,485 
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           159        20,431     1,746,504     1,767,096 
  Weekly changes                                 0             0             0    +        3    +      152    -      154    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          303,714             0           ...           ...           ...           ...       303,714 
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   
                                                                                                                       Dec 6, 2017  

Mortgage-backed securities held outright (1)                                                                             1,767,096  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           28,371  
Commitments to sell mortgage-backed securities (2)                                                                             168  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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   
                                                                                                                       Dec 6, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,711  
                                                                                                                                    
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        Dec 6, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 29, 2017  Dec 7, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,867   +       34   +       18  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,371,667   -    2,782   -   10,391  
    Securities held outright (1)                                          4,225,961   -    2,483   +    3,295  
      U.S. Treasury securities                                            2,454,474   -    2,485   -    9,022  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,324,604   -    3,094   -   14,499  
        Notes and bonds, inflation-indexed (2)                              110,134   +      597   +    3,437  
        Inflation compensation (3)                                           19,736   +       12   +    2,040  
      Federal agency debt securities (2)                                      4,391            0   -   14,102  
      Mortgage-backed securities (4)                                      1,767,096   +        1   +   26,419  
    Unamortized premiums on securities held outright  
    (5)                                                                     159,883   -      280   -   14,567  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,219   +        6   +      978  
    Repurchase agreements (6)                                                     0            0   -       59  
    Loans                                                                        43   -       24   -       36  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,711   +        2   +        4  
  Items in process of collection                                   (0)           79   +       22   +        2  
  Bank premises                                                               2,210   -        1   +       11  
  Central bank liquidity swaps (8)                                               35            0   -    1,294  
  Foreign currency denominated assets (9)                                    21,174   -      122   +    1,192  
  Other assets (10)                                                          22,169   +    1,403   -    1,012  
                                                                                                               
Total assets                                                       (0)    4,437,148   -    1,444   -   11,470  

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        Dec 6, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 29, 2017  Dec 7, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,555,667   +    2,961   +  104,760 
  Reverse repurchase agreements (11)                                         303,714   +    9,070   -  119,834 
  Deposits                                                          (0)    2,529,004   -   13,508   +    2,445 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,325,294   +   54,121   +  191,692 
    U.S. Treasury, General Account                                           122,127   -   56,558   -  221,905 
    Foreign official                                                           5,168   +        1   +        1 
    Other (12)                                                      (0)       76,416   -   11,072   +   32,658 
  Deferred availability cash items                                  (0)          657   -      847   +      193 
  Other liabilities and accrued dividends (13)                                 6,787   +      879   +       46 
                                                                                                               
Total liabilities                                                   (0)    4,395,830   -    1,444   -   12,389 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,318            0   +      919 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,318            0   +      919 

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, December 6, 2017
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                                             1,867          46          46          186         144         273         195         293          35          52         106         189         301
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,371,667      85,175   2,461,626      112,873     126,773     256,136     257,330     183,873      58,300      34,098      62,009     175,014     558,459
    Securities held outright (1)               4,225,961      82,337   2,379,604      109,112     122,549     247,601     248,756     177,738      56,352      32,948      59,934     169,178     539,851
      U.S. Treasury securities                 2,454,474      47,822   1,382,094       63,373      71,178     143,809     144,479     103,232      32,730      19,136      34,810      98,260     313,550
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,454,474      47,822   1,382,094       63,373      71,178     143,809     144,479     103,232      32,730      19,136      34,810      98,260     313,550
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,767,096      34,430     995,037       45,626      51,244     103,535     104,018      74,322      23,564      13,777      25,062      70,742     225,740
    Unamortized premiums on securities held 
      outright (5)                               159,883       3,115      90,029        4,128       4,636       9,368       9,411       6,724       2,132       1,247       2,268       6,401      20,424
    Unamortized discounts on securities     
      held outright (5)                          -14,219        -277      -8,006         -367        -412        -833        -837        -598        -190        -111        -202        -569      -1,816
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             43           0           0            0           0           0           0           8           5          15           9           5           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,711           0       1,711            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      79           0           0            0           0           0          78           0           0           0           0           0           0
  Bank premises                                    2,210         115         443           72         130         197         203         204         110          88         236         219         192
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,174         918       6,782        1,138       1,725       4,575       1,235         886         232          89         206         271       3,118
  Other assets (10)                               22,169         470      11,986          562         648       1,491       1,320         929         501         186         374         905       2,797
  Interdistrict settlement account                     0  -      255  -   63,696   -    3,456  +    5,626  +      269  +   12,777  +   51,085  -      733  +    2,963  +    7,667  +    6,373  -   18,622
                                                                                                                                                                                                         
Total assets                                   4,437,148      87,017   2,424,318      111,936     135,839     264,137     275,315     238,434      58,936      37,758      71,043     184,169     548,247

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, December 6, 2017 (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            1,742,521      57,129     576,845      54,508      84,200     119,974     241,405     116,564      52,201      31,150      48,046     141,305     219,194
    Less: Notes held by F.R. Banks               186,854       6,448      53,324       6,779       9,283      13,573      25,898      11,775       5,496       3,066       5,767      17,197      28,248
      Federal Reserve notes, net               1,555,667      50,681     523,521      47,729      74,917     106,400     215,508     104,789      46,705      28,085      42,279     124,108     190,946
  Reverse repurchase agreements (11)             303,714       5,917     171,019       7,842       8,807      17,795      17,878      12,774       4,050       2,368       4,307      12,159      38,798
  Deposits                                     2,529,004      28,455   1,713,415      53,808      48,501     130,346      39,020     118,766       7,512       6,395      23,883      47,108     311,795
    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                           2,325,294      28,449   1,566,758      53,806      48,498     130,031      39,011      62,065       7,505       6,395      23,882      47,106     311,788
    U.S. Treasury, General Account               122,127           0     122,127           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,168           2       5,141           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    76,416           5      19,388           0           0         307           7      56,699           7           0           1           1           1
  Deferred availability cash items                   657           0           0           0           0           0          84           0           0         572           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,407          34         800          30          37          70          97          49          23          12          14          64         177
  Other liabilities and accrued             
     dividends                                     5,380         160       2,473         208         227         584         330         307         149         140         151         215         438
                                                                                                                                                                                                        
Total liabilities                              4,395,830      85,247   2,411,228     109,616     132,489     255,195     272,918     236,684      58,439      37,571      70,635     183,653     542,155
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,318       1,336       9,888       1,783       2,535       6,781       1,814       1,331         387         144         311         388       4,620
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,437,148      87,017   2,424,318     111,936     135,839     264,137     275,315     238,434      58,936      37,758      71,043     184,169     548,247

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, December 6, 2017 (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   
                                                                                           Dec 6, 2017  

Federal Reserve notes outstanding                                                            1,742,521  
  Less: Notes held by F.R. Banks not subject to collateralization                              186,854  
    Federal Reserve notes to be collateralized                                               1,555,667  
Collateral held against Federal Reserve notes                                                1,555,667  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,539,430  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,225,961  
  Less: Face value of securities under reverse repurchase agreements                           297,338  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,928,623  

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:  December 07, 2017