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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                                                 January 18, 2018


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 17, 2018 
Federal Reserve Banks                                     Jan 17, 2018 Jan 10, 2018 Jan 18, 2017              

Reserve Bank credit                                         4,404,122   -    1,112   -    9,153    4,398,979  
  Securities held outright (1)                              4,226,200   +    8,671   +    5,113    4,221,749  
    U.S. Treasury securities                                2,447,866   -      343   -   15,651    2,447,009  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,318,946   +      542   -   21,044    2,320,301  
      Notes and bonds, inflation-indexed (2)                  109,382   -      752   +    3,426      107,503  
      Inflation compensation (3)                               19,538   -      133   +    1,967       19,205  
    Federal agency debt securities (2)                          4,391            0   -   11,789        4,391  
    Mortgage-backed securities (4)                          1,773,942   +    9,013   +   32,552    1,770,349  
  Unamortized premiums on securities held outright (5)        158,455   -       23   -   13,814      158,252  
  Unamortized discounts on securities held outright (5)       -14,102   +       25   +      948      -14,113  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            48   +       14   +       36           98  
    Primary credit                                                 46   +       16   +       35           96  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 3   -        1   +        2            2  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715   +        2   +       10        1,715  
  Float                                                          -249   -       33   +      216         -145  
  Central bank liquidity swaps (8)                                118   -   11,949   -      497          118  
  Other Federal Reserve assets (9)                             31,937   +    2,182   -    1,165       31,305  
Foreign currency denominated assets (10)                       21,655   +      279   +    1,855       21,767  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,410   +       14   +      835       49,410  
                                                                                                              
Total factors supplying reserve funds                       4,491,428   -      820   -    6,463    4,486,396  

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  Jan 17, 2018 
Federal Reserve Banks                                     Jan 17, 2018 Jan 10, 2018 Jan 18, 2017              

Currency in circulation (11)                                 1,610,646   -    3,939   +  107,442    1,610,257 
Reverse repurchase agreements (12)                             260,835   -   51,951   -   95,937      260,759 
  Foreign official and international accounts                  237,620   -   11,454   -   16,161      240,211 
  Others                                                        23,215   -   40,498   -   79,776       20,548 
Treasury cash holdings                                             228   +        3   +       44          247 
Deposits with F.R. Banks, other than reserve balances          320,792   +   35,989   -  119,776      332,547 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               227,665   +   21,450   -  138,425      256,720 
  Foreign official                                               5,253   -        2   +       87        5,253 
  Other (13)                                                    87,873   +   14,541   +   18,561       70,574 
Other liabilities and capital (14)                              49,027   +    2,075   +       57       48,134 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,241,528   -   17,823   -  108,169    2,251,945 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,249,899   +   17,002   +  101,704    2,234,452 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jan 17, 2018 
                                                          Jan 17, 2018 Jan 10, 2018 Jan 18, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,355,538   +    3,973   +  185,704    3,357,812 
  Marketable U.S. Treasury securities (1)                    3,015,039   +    3,833   +  164,700    3,017,984 
  Federal agency debt and mortgage-backed securities (2)       261,819   -      151   +    1,663      261,350 
  Other securities (3)                                          78,681   +      291   +   19,342       78,478 
Securities lent to dealers                                      20,399   -    2,252   +    1,293       22,128 
  Overnight facility (4)                                        20,399   -    2,252   +    1,293       22,128 
    U.S. Treasury securities                                    20,399   -    2,252   +    1,342       22,128 
    Federal agency debt securities                                   0            0   -       49            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 17, 2018    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           98             0             0             0             0           ...            98 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  27,847        80,038       317,233     1,083,901       316,716       621,273     2,447,009 
  Weekly changes                        +   24,749    -   27,620    +    1,813    -    1,212    +    2,681    -    1,611    -    1,200 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           179        26,901     1,743,268     1,770,349 
  Weekly changes                                 0             0             0    +        2    -      106    +    5,523    +    5,419 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               118             0             0             0             0             0           118 
                                                                                                                                       
Reverse repurchase agreements (4)          260,759             0           ...           ...           ...           ...       260,759 
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   
                                                                                                                      Jan 17, 2018  

Mortgage-backed securities held outright (1)                                                                             1,770,349  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           20,414  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 17, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 17, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 10, 2018 Jan 18, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,916   +       14   +        5  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,365,986   +    4,062   -   21,801  
    Securities held outright (1)                                          4,221,749   +    4,219   -    8,876  
      U.S. Treasury securities                                            2,447,009   -    1,200   -   16,495  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,320,301   +    1,897   -   21,905  
        Notes and bonds, inflation-indexed (2)                              107,503   -    2,631   +    3,397  
        Inflation compensation (3)                                           19,205   -      466   +    2,013  
      Federal agency debt securities (2)                                      4,391            0   -   11,789  
      Mortgage-backed securities (4)                                      1,770,349   +    5,419   +   19,409  
    Unamortized premiums on securities held outright  
    (5)                                                                     158,252   -      149   -   13,964  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,113   +        3   +      989  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        98   -       11   +       50  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715            0   +       10  
  Items in process of collection                                   (0)          102   +       17   -       13  
  Bank premises                                                               2,207   +        3   +        3  
  Central bank liquidity swaps (8)                                              118   -   11,949   -      497  
  Foreign currency denominated assets (9)                                    21,767   +      346   +    1,860  
  Other assets (10)                                                          29,098   +      591   -    1,179  
                                                                                                               
Total assets                                                       (0)    4,439,145   -    6,917   -   21,613  

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       Jan 17, 2018   Wednesday    Wednesday  
                                                        consolidation                Jan 10, 2018 Jan 18, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,563,007   -    2,370   +  106,229 
  Reverse repurchase agreements (11)                                         260,759   -   37,531   -  122,118 
  Deposits                                                          (0)    2,566,998   +   32,207   -    4,630 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,234,452   -   23,442   +  115,634 
    U.S. Treasury, General Account                                           256,720   +   58,147   -  140,196 
    Foreign official                                                           5,253            0   +       88 
    Other (12)                                                      (0)       70,574   -    2,498   +   19,846 
  Deferred availability cash items                                  (0)          247   -      127   -      522 
  Other liabilities and accrued dividends (13)                                 6,728   +      884   -    1,532 
                                                                                                               
Total liabilities                                                   (0)    4,397,740   -    6,937   -   22,572 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,405   +       20   +      959 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,405   +       20   +      959 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, January 17, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,916          50          46          189         147         271         201         304          35          52         111         203         307
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,365,986      85,065   2,458,438      112,725     126,607     255,800     256,992     183,670      58,218      34,040      61,921     174,781     557,728
    Securities held outright (1)               4,221,749      82,255   2,377,232      109,004     122,427     247,355     248,508     177,561      56,296      32,915      59,874     169,009     539,313
      U.S. Treasury securities                 2,447,009      47,677   1,377,891       63,181      70,961     143,372     144,040     102,918      32,630      19,078      34,704      97,961     312,596
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,447,009      47,677   1,377,891       63,181      70,961     143,372     144,040     102,918      32,630      19,078      34,704      97,961     312,596
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,770,349      34,493     996,869       45,710      51,339     103,726     104,209      74,459      23,607      13,803      25,108      70,872     226,155
    Unamortized premiums on securities held 
      outright (5)                               158,252       3,083      89,110        4,086       4,589       9,272       9,315       6,656       2,110       1,234       2,244       6,335      20,216
    Unamortized discounts on securities     
      held outright (5)                          -14,113        -275      -7,947         -364        -409        -827        -831        -594        -188        -110        -200        -565      -1,803
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             98           1          43            0           0           0           0          47           0           1           3           2           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     102           1           0            0           0           0         101           0           0           1           0           0           0
  Bank premises                                    2,207         114         446           72         122         199         204         203         110          88         236         219         193
  Central bank liquidity swaps (8)                   118           5          38            6          10          26           7           5           1           0           1           2          17
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,767         944       6,972        1,170       1,773       4,704       1,270         911         238          92         211         278       3,205
  Other assets (10)                               29,098         610      15,901          747         857       1,912       1,726       1,217         479         242         489       1,229       3,689
  Interdistrict settlement account                     0  +    5,085  +   17,138   -    6,617  -   11,962  -   12,586  +    8,086  +   39,179  -    2,277  +      537  +    5,082  -    3,028  -   38,638
                                                                                                                                                                                                         
Total assets                                   4,439,145      92,419   2,506,102      108,852     118,343     251,513     270,761     226,651      57,295      35,332      68,496     174,883     528,497

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, January 17, 2018 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,750,413      57,296     582,246      54,165      83,650     119,155     244,440     115,818      52,426      31,114      47,897     140,693     221,513
    Less: Notes held by F.R. Banks               187,406       6,536      46,224       6,842      10,384      15,447      26,181      12,422       5,721       3,663       6,195      18,509      29,282
      Federal Reserve notes, net               1,563,007      50,760     536,022      47,323      73,266     103,709     218,259     103,396      46,705      27,451      41,701     122,184     192,231
  Reverse repurchase agreements (11)             260,759       5,081     146,832       6,733       7,562      15,278      15,349      10,967       3,477       2,033       3,698      10,439      33,311
  Deposits                                     2,566,998      34,606   1,806,993      52,227      33,900     122,914      34,222     110,174       6,393       5,380      22,528      41,462     296,200
    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                           2,234,452      34,601   1,528,785      52,225      33,896     122,763      34,213      56,027       6,386       5,380      22,526      41,457     296,193
    U.S. Treasury, General Account               256,720           0     256,720           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,253           2       5,225           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    70,574           4      16,264           0           0         142           7      54,145           7           0           1           4           1
  Deferred availability cash items                   247           0           0           0           0           0         108           0           0         139           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,631          42         789          52          73         145         117          62          28          13          22          69         218
  Other liabilities and accrued             
     dividends                                     5,097         160       2,363         196         194         525         316         304         131         130         139         214         424
                                                                                                                                                                                                        
Total liabilities                              4,397,740      90,650   2,493,000     106,531     114,995     242,571     268,371     224,902      56,735      35,146      68,088     174,367     522,384
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,405       1,335       9,901       1,783       2,534       6,781       1,807       1,331         451         144         311         387       4,640
  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                  4,439,145      92,419   2,506,102     108,852     118,343     251,513     270,761     226,651      57,295      35,332      68,496     174,883     528,497

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, January 17, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jan 17, 2018  

Federal Reserve notes outstanding                                                            1,750,413  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,406  
    Federal Reserve notes to be collateralized                                               1,563,007  
Collateral held against Federal Reserve notes                                                1,563,007  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,546,770  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,221,749  
  Less: Face value of securities under reverse repurchase agreements                           259,260  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,962,489  

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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