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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 19, 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  Oct 18, 2017 
Federal Reserve Banks                                     Oct 18, 2017 Oct 11, 2017 Oct 19, 2016              

Reserve Bank credit                                         4,432,571   +   13,634   -    2,104    4,430,026  
  Securities held outright (1)                              4,252,347   +   11,902   +   13,292    4,250,343  
    U.S. Treasury securities                                2,465,609   +       81   +    2,097    2,465,641  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,326            0   -    3,650    2,337,326  
      Notes and bonds, inflation-indexed (2)                  109,412            0   +    4,188      109,412  
      Inflation compensation (3)                               18,871   +       82   +    1,559       18,903  
    Federal agency debt securities (2)                          6,757            0   -   13,164        6,757  
    Mortgage-backed securities (4)                          1,779,981   +   11,821   +   24,358    1,777,945  
  Unamortized premiums on securities held outright (5)        162,210   +       96   -   14,787      162,045  
  Unamortized discounts on securities held outright (5)       -14,378   +       34   +    1,016      -14,365  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           165   -       14   +       49          160  
    Primary credit                                                  5   +        2   -        1            9  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               159   -       16   +       49          151  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,706   -        1   -        3        1,705  
  Float                                                          -277   +       41   +      102         -437  
  Central bank liquidity swaps (8)                                 35   -        1   -      205           35  
  Other Federal Reserve assets (9)                             30,763   +    1,576   -    1,568       30,542  
Foreign currency denominated assets (10)                       21,217   +       92   +      210       21,119  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,188   +       14   +      786       49,188  
                                                                                                              
Total factors supplying reserve funds                       4,519,218   +   13,742   -    1,108    4,516,574  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 18, 2017 
Federal Reserve Banks                                     Oct 18, 2017 Oct 11, 2017 Oct 19, 2016              

Currency in circulation (11)                                 1,584,325   -      425   +  107,168    1,585,186 
Reverse repurchase agreements (12)                             326,774   -   26,140   -   66,848      348,297 
  Foreign official and international accounts                  227,650   -    2,026   -   12,796      226,840 
  Others                                                        99,124   -   24,113   -   54,052      121,457 
Treasury cash holdings                                             214   +        9   +       42          216 
Deposits with F.R. Banks, other than reserve balances          277,742   +   23,469   -  176,440      280,526 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               178,974   +    9,208   -  213,014      196,106 
  Foreign official                                               5,167   +        1   +        2        5,165 
  Other (13)                                                    93,601   +   14,260   +   36,572       79,254 
Other liabilities and capital (14)                              48,870   +       34   +      893       47,246 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,237,924   -    3,054   -  135,186    2,261,471 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,281,294   +   16,796   +  134,078    2,255,104 

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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 18, 2017 
                                                          Oct 18, 2017 Oct 11, 2017 Oct 19, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,365,103   +    4,623   +  242,666    3,365,559 
  Marketable U.S. Treasury securities (1)                    3,037,225   +    4,092   +  235,888    3,038,068 
  Federal agency debt and mortgage-backed securities (2)       263,353   +      302   +    1,999      262,959 
  Other securities (3)                                          64,525   +      229   +    4,780       64,532 
Securities lent to dealers                                      23,736   -      997   +      687       20,090 
  Overnight facility (4)                                        23,736   -      997   +      687       20,090 
    U.S. Treasury securities                                    23,736   -      997   +      717       20,089 
    Federal agency debt securities                                   0            0   -       30            1 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 18, 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                                          139            21             0             0             0           ...           160 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   8,701        39,494       321,808     1,133,422       328,922       633,294     2,465,641 
  Weekly changes                        +    8,701    -    5,622    -    3,076    +       14    +       20    +       51    +       87 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           135        17,433     1,760,376     1,777,945 
  Weekly changes                                 0             0             0    +       14    -       32    +    9,804    +    9,785 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          348,297             0           ...           ...           ...           ...       348,297 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 18, 2017  

Mortgage-backed securities held outright (1)                                                                             1,777,945  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,477  
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   
                                                                                                                      Oct 18, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,705  
                                                                                                                                    
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. Revalued
    quarterly. This table reflects valuations as of June 30, 2017. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 18, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 11, 2017 Oct 19, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,846   -        9   -       52  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,398,182   +    9,910   +    3,985  
    Securities held outright (1)                                          4,250,343   +    9,872   +   17,596  
      U.S. Treasury securities                                            2,465,641   +       87   +    2,121  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,326            0   -    3,650  
        Notes and bonds, inflation-indexed (2)                              109,412            0   +    4,188  
        Inflation compensation (3)                                           18,903   +       87   +    1,583  
      Federal agency debt securities (2)                                      6,757            0   -   11,736  
      Mortgage-backed securities (4)                                      1,777,945   +    9,785   +   27,212  
    Unamortized premiums on securities held outright  
    (5)                                                                     162,045   -        1   -   14,690  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,365   +       38   +    1,014  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       160   +        2   +       66  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705   -        1   -        4  
  Items in process of collection                                   (0)           57   -       36   -       19  
  Bank premises                                                               2,197   -        1   -        6  
  Central bank liquidity swaps (8)                                               35   -        1   -      145  
  Foreign currency denominated assets (9)                                    21,119   -      124   +       96  
  Other assets (10)                                                          28,345   +      569   -    1,515  
                                                                                                               
Total assets                                                       (0)    4,469,723   +   10,308   +    2,341  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 18, 2017   Wednesday    Wednesday  
                                                        consolidation                Oct 11, 2017 Oct 19, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,538,055   -      331   +  107,366 
  Reverse repurchase agreements (11)                                         348,297   -   11,978   -   82,871 
  Deposits                                                          (0)    2,535,629   +   23,731   -   22,778 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,255,104   -   12,635   +  149,293 
    U.S. Treasury, General Account                                           196,106   +   40,799   -  213,587 
    Foreign official                                                           5,165   -        1            0 
    Other (12)                                                      (0)       79,254   -    4,433   +   41,517 
  Deferred availability cash items                                  (0)          494   +       51   -        9 
  Other liabilities and accrued dividends (13)                                 6,026   -    1,172   -      410 
                                                                                                               
Total liabilities                                                   (0)    4,428,502   +   10,302   +    1,299 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,220   +        5   +    1,041 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,220   +        5   +    1,041 

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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, October 18, 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                                             1,846          49          49          185         131         266         198         293          29          52         106         190         299
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,398,182      85,693   2,476,496      113,555     127,539     257,683     258,887     184,994      58,686      34,358      62,392     176,070     561,831
    Securities held outright (1)               4,250,343      82,812   2,393,334      109,742     123,256     249,030     250,191     178,764      56,677      33,138      60,280     170,154     542,965
      U.S. Treasury securities                 2,465,641      48,040   1,388,382       63,662      71,501     144,463     145,137     103,702      32,879      19,223      34,969      98,707     314,976
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,641      48,040   1,388,382       63,662      71,501     144,463     145,137     103,702      32,879      19,223      34,969      98,707     314,976
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,777,945      34,641   1,001,146       45,906      51,559     104,171     104,656      74,778      23,709      13,862      25,215      71,176     227,126
    Unamortized premiums on securities held 
      outright (5)                               162,045       3,157      91,246        4,184       4,699       9,494       9,539       6,815       2,161       1,263       2,298       6,487      20,701
    Unamortized discounts on securities     
      held outright (5)                          -14,365        -280      -8,089         -371        -417        -842        -846        -604        -192        -112        -204        -575      -1,835
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            160           3           5            0           0           0           3          18          39          69          18           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,705           0       1,705            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      57           0           0            0           0           0          57           0           0           0           0           0           0
  Bank premises                                    2,197         117         441           72         119         198         203         203         110          88         236         219         191
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,119         915       6,764        1,135       1,720       4,563       1,232         884         231          89         205         270       3,110
  Other assets (10)                               28,345         601      15,509          728         830       1,841       1,681       1,189         456         239         472       1,199       3,600
  Interdistrict settlement account                     0  -    9,626  +    3,769   +      634  -    8,977  -   11,952  +      439  +   43,967  -    1,406  +    1,734  +    5,972  +    4,728  -   29,283
                                                                                                                                                                                                         
Total assets                                   4,469,723      78,296   2,510,155      116,869     122,155     253,794     264,873     232,691      58,597      36,841      69,828     183,875     541,749

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 18, 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            1,726,018      56,059     564,744      54,947      85,021     121,145     232,755     116,848      52,282      31,218      48,296     142,153     220,550
    Less: Notes held by F.R. Banks               187,963       6,641      48,473       6,764      10,008      14,279      26,935      12,148       5,609       3,431       5,776      18,928      28,972
      Federal Reserve notes, net               1,538,055      49,417     516,272      48,182      75,014     106,867     205,820     104,700      46,673      27,787      42,520     123,225     191,578
  Reverse repurchase agreements (11)             348,297       6,786     196,123       8,993      10,100      20,407      20,502      14,649       4,644       2,716       4,940      13,943      44,494
  Deposits                                     2,535,629      20,140   1,781,789      57,161      33,469     117,147      35,702     111,267       6,625       5,567      21,799      45,915     299,049
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,255,104      20,135   1,560,826      57,159      33,465     116,759      35,693      52,125       6,622       5,567      21,798      45,914     299,043
    U.S. Treasury, General Account               196,106           0     196,106           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    79,254           3      19,719           0           0         379           7      59,141           3           0           1           0           1
  Deferred availability cash items                   494           0           0           0           0           0          58           0           0         436           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,148          18         694          19          22          14          91          42          20          11          18          66         135
  Other liabilities and accrued             
     dividends                                     4,877         166       2,192         193         201         491         329         285         143         137         143         210         390
                                                                                                                                                                                                        
Total liabilities                              4,428,502      76,527   2,497,069     114,549     118,806     244,925     262,501     230,943      58,105      36,654      69,420     183,358     535,645
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,220       1,336       9,883       1,783       2,535       6,708       1,788       1,330         382         145         311         389       4,631
  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                  4,469,723      78,296   2,510,155     116,869     122,155     253,794     264,873     232,691      58,597      36,841      69,828     183,875     541,749

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 18, 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, and designated financial market utilities. 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   
                                                                                          Oct 18, 2017  

Federal Reserve notes outstanding                                                            1,726,018  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,963  
    Federal Reserve notes to be collateralized                                               1,538,055  
Collateral held against Federal Reserve notes                                                1,538,055  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,521,819  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,250,343  
  Less: Face value of securities under reverse repurchase agreements                           332,096  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,918,247  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.`

Statistical releases

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