---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 10, 2019


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 9, 2019 
Federal Reserve Banks                                      Oct 9, 2019  Oct 2, 2019 Oct 10, 2018              

Reserve Bank credit                                         3,909,325   +   16,900   -  227,679    3,911,257  
  Securities held outright (1)                              3,589,500   +    7,176   -  388,909    3,591,105  
    U.S. Treasury securities                                2,119,889   +    7,171   -  174,333    2,121,485  
      Bills (2)                                                 6,002            0   +    5,902        6,002  
      Notes and bonds, nominal (2)                          1,969,622   +    5,948   -  186,973    1,969,966  
      Notes and bonds, inflation-indexed (2)                  119,850   +    1,170   +    4,271      120,993  
      Inflation compensation (3)                               24,415   +       52   +    2,467       24,524  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,467,264   +        6   -  214,514    1,467,273  
  Unamortized premiums on securities held outright (5)        127,890   +      802   -   16,667      128,013  
  Unamortized discounts on securities held outright (5)       -12,587   +       99   +    1,051      -12,553  
  Repurchase agreements (6)                                   179,321   +    7,521   +  179,321      178,650  
  Loans                                                            77   -       21   -      140           72  
    Primary credit                                                  2   -        7   -        1            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                74   -       16   -      140           71  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -112   +      480   +       88          -90  
  Central bank liquidity swaps (8)                                 39   -      934   -       51           39  
  Other Federal Reserve assets (9)                             25,197   +    1,777   -    2,365       26,021  
Foreign currency denominated assets (10)                       20,651   +       94   -      116       20,619  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,039   +       14   +      340       50,039  
                                                                                                              
Total factors supplying reserve funds                       3,996,255   +   17,007   -  227,456    3,998,156  

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 9, 2019 
Federal Reserve Banks                                      Oct 9, 2019  Oct 2, 2019 Oct 10, 2018              

Currency in circulation (11)                                 1,766,333   +    3,507   +   74,507    1,769,136 
Reverse repurchase agreements (12)                             290,336   -    1,645   +   67,046      291,109 
  Foreign official and international accounts                  285,997   -    1,128   +   64,751      289,640 
  Others                                                         4,338   -      517   +    2,294        1,469 
Treasury cash holdings                                             190   +        9   -       31          197 
Deposits with F.R. Banks, other than reserve balances          387,468   -   23,042   -   10,747      363,948 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               318,191   -   16,980   -    6,530      297,389 
  Foreign official                                               5,186            0   -       71        5,185 
  Other (13)                                                    64,091   -    6,062   -    4,147       61,373 
Other liabilities and capital (14)                              45,473   +      922   +      378       45,372 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,489,801   -   20,247   +  131,155    2,469,762 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,506,455   +   37,255   -  358,610    1,528,394 

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 the note on consolidation accompanying table 5.                                                
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   Oct 9, 2019 
                                                           Oct 9, 2019  Oct 2, 2019 Oct 10, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,418,779   -   22,648   -   25,630    3,408,302 
  Marketable U.S. Treasury securities (1)                    2,976,983   -   22,384   -   92,534    2,966,998 
  Federal agency debt and mortgage-backed securities (2)       359,585   -       96   +   52,672      359,595 
  Other securities (3)                                          82,211   -      168   +   14,232       81,709 
Securities lent to dealers                                      27,727   -    4,125   +    9,287       26,179 
  Overnight facility (4)                                        27,727   -    4,125   +    9,287       26,179 
    U.S. Treasury securities                                    27,727   -    4,125   +    9,287       26,179 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.     
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 9, 2019     

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                                           27            45             0             0             0           ...            72 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                      28        77,561       267,176       849,095       302,408       625,217     2,121,485 
  Weekly changes                        -      100    +      100             0    +      400    +       63    +    3,891    +    4,355 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0           486         1,861         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             9           806        79,144     1,387,314     1,467,273 
  Weekly changes                                 0             0             0    +      166    +    3,197    -    3,349    +       13 
Repurchase agreements (4)                  178,650             0           ...           ...           ...           ...       178,650 
Central bank liquidity swaps (5)                39             0             0             0             0             0            39 
                                                                                                                                       
Reverse repurchase agreements (4)          291,109             0           ...           ...           ...           ...       291,109 
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 9, 2019  

Mortgage-backed securities held outright (1)                                                                             1,467,273  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,892  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Oct 9, 2019   Wednesday    Wednesday  
                                                        consolidation                 Oct 2, 2019 Oct 10, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,700   -        2   -       54  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,885,287   +    2,877   -  224,180  
    Securities held outright (1)                                          3,591,105   +    4,367   -  387,310  
      U.S. Treasury securities                                            2,121,485   +    4,355   -  172,742  
        Bills (2)                                                             6,002            0   +    5,902  
        Notes and bonds, nominal (2)                                      1,969,966   +    2,602   -  186,629  
        Notes and bonds, inflation-indexed (2)                              120,993   +    1,601   +    5,414  
        Inflation compensation (3)                                           24,524   +      152   +    2,571  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,467,273   +       13   -  214,505  
    Unamortized premiums on securities held outright  
    (5)                                                                     128,013   +      858   -   16,479  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,553   +       93   +    1,076  
    Repurchase agreements (6)                                               178,650   -    2,400   +  178,650  
    Loans                                                                        72   -       42   -      117  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           52   +        3   -      130  
  Bank premises                                                               2,186   +        3   +        6  
  Central bank liquidity swaps (8)                                               39   -      934   -       51  
  Foreign currency denominated assets (9)                                    20,619   -       80   -      235  
  Other assets (10)                                                          23,836   +    2,257   -    2,300  
                                                                                                               
Total assets                                                       (0)    3,949,955   +    4,124   -  226,951  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Oct 9, 2019   Wednesday    Wednesday  
                                                        consolidation                 Oct 2, 2019 Oct 10, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,720,990   +    3,517   +   75,825 
  Reverse repurchase agreements (11)                                         291,109   +    2,491   +   73,816 
  Deposits                                                          (0)    1,892,341   -    2,597   -  376,463 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,528,394   +   41,684   -  350,493 
    U.S. Treasury, General Account                                           297,389   -   37,796   -   11,480 
    Foreign official                                                           5,185   -        1   -       73 
    Other (12)                                                      (0)       61,373   -    6,483   -   14,417 
  Deferred availability cash items                                  (0)          142   -      344   -      192 
  Other liabilities and accrued dividends (13)                                 6,050   +    1,045   -      132 
                                                                                                               
Total liabilities                                                   (0)    3,910,633   +    4,114   -  227,145 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,497   +       10   +      194 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,322   +       10   +      194 

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 the note on consolidation accompanying table 5.                                                
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.                               

 



5. Statement of Condition of Each Federal Reserve Bank, October 9, 2019
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         351       3,707          327         531         754       1,560         711         328         186         292         890       1,400
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,700          45          54          150         106         214         181         282          33          45         108         195         287
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,885,287      80,603   2,119,660       94,087     113,672     237,761     265,653     203,943      55,860      33,658      57,612     168,701     454,078
    Securities held outright (1)               3,591,105      74,502   1,959,202       86,964     105,067     219,763     245,535     188,502      51,614      31,075      53,250     155,930     419,702
      U.S. Treasury securities                 2,121,485      44,013   1,157,420       51,375      62,069     129,827     145,052     111,360      30,491      18,358      31,458      92,117     247,944
        Bills (2)                                  6,002         125       3,275          145         176         367         410         315          86          52          89         261         701
        Notes and bonds (3)                    2,115,483      43,888   1,154,146       51,230      61,894     129,460     144,642     111,045      30,405      18,306      31,369      91,857     247,242
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,467,273      30,440     800,501       35,532      42,929      89,792     100,322      77,019      21,089      12,697      21,757      63,711     171,484
    Unamortized premiums on securities held 
      outright (5)                               128,013       2,656      69,840        3,100       3,745       7,834       8,753       6,720       1,840       1,108       1,898       5,558      14,961
    Unamortized discounts on securities     
      held outright (5)                          -12,553        -260      -6,849         -304        -367        -768        -858        -659        -180        -109        -186        -545      -1,467
    Repurchase agreements (6)                    178,650       3,706      97,466        4,326       5,227      10,933      12,215       9,378       2,568       1,546       2,649       7,757      20,879
    Loans                                             72           0           0            0           0           0           9           3          19          39           1           0           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      52           0           0            0           0           0          52           0           0           0           0           0           0
  Bank premises                                    2,186         107         455           83         116         191         204         192         102          94         228         223         190
  Central bank liquidity swaps (8)                    39           2          12            2           3           8           2           2           1           0           0           0           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,619         888       6,544        1,191       1,646       4,396       1,199         861         314          98         200         255       3,027
  Other assets (10)                               23,836         511      12,591          572         709       1,670       1,617       1,225         414         270         435       1,065       2,758
  Interdistrict settlement account                     0  +    1,960  -  167,393   -   13,666  +   14,572  +   17,967  +   41,024  +   13,558  +    7,927  +    4,324  +    4,999  +   28,964  +   45,764
                                                                                                                                                                                                         
Total assets                                   3,949,955      84,662   1,977,448       82,956     131,590     263,373     312,146     221,197      65,129      38,766      64,028     200,575     508,084

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 9, 2019 (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            1,933,926      57,941     641,937      55,460      91,706     132,081     272,339     124,695      57,228      31,168      50,997     161,048     257,327
    Less: Notes held by F.R. Banks               212,937       6,498      54,116       9,371       9,875      16,592      29,210      14,419       6,149       3,680       8,004      21,565      33,458
      Federal Reserve notes, net               1,720,990      51,443     587,822      46,089      81,831     115,489     243,129     110,276      51,079      27,489      42,992     139,483     223,869
  Reverse repurchase agreements (11)             291,109       6,039     158,821       7,050       8,517      17,815      19,904      15,281       4,184       2,519       4,317      12,640      34,023
  Deposits                                     1,892,341      25,188   1,214,912      28,066      37,747     121,298      46,283      93,767       9,075       8,252      16,142      47,682     243,929
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,528,394      25,179     892,898      28,063      37,718     120,546      46,248      52,888       9,071       8,198      16,117      47,546     243,922
    U.S. Treasury, General Account               297,389           0     297,389           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,185           2       5,158           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    61,373           7      19,467           1          25         744          32      40,878           4          54          25         135           1
  Deferred availability cash items                   142           0           0           0           0           0          53           0           0          89           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,335          23         762          33          40          69         102          59          21          10          27          60         131
  Other liabilities and accrued             
     dividends                                     4,715         182       1,913         182         203         530         310         308         148         148         154         231         406
                                                                                                                                                                                                        
Total liabilities                              3,910,633      82,875   1,964,229      81,419     128,338     255,202     309,780     219,691      64,507      38,506      63,631     200,097     502,358
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,497       1,494      11,053       1,142       2,708       6,716       1,969       1,222         518         228         330         394       4,724
  Surplus                                          6,825         294       2,166         394         545       1,455         397         285         104          32          66          84       1,002
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,949,955      84,662   1,977,448      82,956     131,590     263,373     312,146     221,197      65,129      38,766      64,028     200,575     508,084

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, October 9, 2019 (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 the note on consolidation below.                                                                                                                                                               
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. 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 4), 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 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Oct 9, 2019  

Federal Reserve notes outstanding                                                            1,933,926  
  Less: Notes held by F.R. Banks not subject to collateralization                              212,937  
    Federal Reserve notes to be collateralized                                               1,720,990  
Collateral held against Federal Reserve notes                                                1,720,990  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,704,753  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,769,755  
  Less: Face value of securities under reverse repurchase agreements                           278,674  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,491,082  

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:  October 10, 2019