---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 14, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 13, 2017 
Federal Reserve Banks                                     Sep 13, 2017  Sep 6, 2017 Sep 14, 2016              

Reserve Bank credit                                         4,417,339   +    4,765   -    5,876    4,431,256  
  Securities held outright (1)                              4,241,900   +    2,295   +    9,069    4,254,571  
    U.S. Treasury securities                                2,465,476   +      181   +    1,907    2,465,468  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,326   +      200   -    4,321    2,337,326  
      Notes and bonds, inflation-indexed (2)                  109,412            0   +    4,859      109,412  
      Inflation compensation (3)                               18,738   -       19   +    1,369       18,730  
    Federal agency debt securities (2)                          6,757            0   -   15,735        6,757  
    Mortgage-backed securities (4)                          1,769,667   +    2,114   +   22,898    1,782,346  
  Unamortized premiums on securities held outright (5)        163,177   -      169   -   14,719      163,562  
  Unamortized discounts on securities held outright (5)       -14,528   +       28   +    1,035      -14,515  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           216   +        7   +       21          220  
    Primary credit                                                  2   -        1   -        4            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               214   +        8   +       24          218  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,708  
  Float                                                          -249   +      165   +       91         -340  
  Central bank liquidity swaps (8)                                 87   +       52   +       81           87  
  Other Federal Reserve assets (9)                             25,029   +    2,389   -    1,455       25,963  
Foreign currency denominated assets (10)                       21,685   +      178   +      293       21,431  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,134   +       14   +      819       49,134  
                                                                                                              
Total factors supplying reserve funds                       4,504,398   +    4,957   -    4,765    4,518,062  

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  Sep 13, 2017 
Federal Reserve Banks                                     Sep 13, 2017  Sep 6, 2017 Sep 14, 2016              

Currency in circulation (11)                                 1,579,484   +    4,368   +  108,034    1,580,720 
Reverse repurchase agreements (12)                             360,014   -   26,668   +   37,074      366,719 
  Foreign official and international accounts                  240,472   -    4,131   -    6,649      241,051 
  Others                                                       119,542   -   22,537   +   43,723      125,668 
Treasury cash holdings                                             171   +        2   +       66          173 
Deposits with F.R. Banks, other than reserve balances          156,886   +   33,261   -  141,039      161,328 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                70,232   +   32,669   -  172,850       73,220 
  Foreign official                                               5,165   -        3   -       71        5,165 
  Other (13)                                                    81,488   +      595   +   31,882       82,942 
Other liabilities and capital (14)                              48,911   +    1,190   +      658       48,932 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,145,466   +   12,154   +    4,793    2,157,872 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,358,933   -    7,196   -    9,558    2,360,190 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Sep 13, 2017 
                                                          Sep 13, 2017  Sep 6, 2017 Sep 14, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,372,367   +    6,616   +  207,822    3,370,216 
  Marketable U.S. Treasury securities (1)                    3,046,531   +    6,523   +  205,115    3,045,235 
  Federal agency debt and mortgage-backed securities (2)       264,024   -       45   +    1,034      262,686 
  Other securities (3)                                          61,812   +      138   +    1,672       62,295 
Securities lent to dealers                                      25,140   -    2,392   +    1,161       24,695 
  Overnight facility (4)                                        25,140   -    2,392   +    1,161       24,695 
    U.S. Treasury securities                                    25,140   -    2,392   +    1,177       24,695 
    Federal agency debt securities                                   0            0   -       16            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, September 13, 2017  

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           47           173             0             0             0           ...           220 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        38,559       323,378     1,144,904       325,435       633,193     2,465,468 
  Weekly changes                                 0             0    -        1    -        3    +      196    -       12    +      179 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1            93        17,608     1,764,644     1,782,346 
  Weekly changes                                 0             0             0             0             0    +   14,792    +   14,793 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                87             0             0             0             0             0            87 
                                                                                                                                       
Reverse repurchase agreements (4)          366,719             0           ...           ...           ...           ...       366,719 
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   
                                                                                                                      Sep 13, 2017  

Mortgage-backed securities held outright (1)                                                                             1,782,346  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,072  
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 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 13, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 2017. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Sep 13, 2017   Wednesday    Wednesday  
                                                        consolidation                 Sep 6, 2017 Sep 14, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,829   -        5   -       96  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,403,838   +   15,314   -    8,768  
    Securities held outright (1)                                          4,254,571   +   14,972   +    5,054  
      U.S. Treasury securities                                            2,465,468   +      179   +    1,915  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,326   +      200   -    4,321  
        Notes and bonds, inflation-indexed (2)                              109,412            0   +    4,859  
        Inflation compensation (3)                                           18,730   -       21   +    1,378  
      Federal agency debt securities (2)                                      6,757            0   -   15,735  
      Mortgage-backed securities (4)                                      1,782,346   +   14,793   +   18,873  
    Unamortized premiums on securities held outright  
    (5)                                                                     163,562   +      302   -   14,863  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,515   +       32   +    1,036  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       220   +        8   +        5  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           82   -       14   -      131  
  Bank premises                                                               2,197            0   -        7  
  Central bank liquidity swaps (8)                                               87   +       52   +       81  
  Foreign currency denominated assets (9)                                    21,431   -      192   -       13  
  Other assets (10)                                                          23,765   +    2,545   -    1,528  
                                                                                                               
Total assets                                                       (0)    4,471,174   +   17,700   -   10,461  

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       Sep 13, 2017   Wednesday    Wednesday  
                                                        consolidation                 Sep 6, 2017 Sep 14, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,533,584   +    2,219   +  109,162 
  Reverse repurchase agreements (11)                                         366,719   -   25,204   +   50,119 
  Deposits                                                          (0)    2,521,517   +   39,601   -  169,517 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,360,190   +    3,142   +   10,902 
    U.S. Treasury, General Account                                            73,220   +   34,558   -  179,471 
    Foreign official                                                           5,165   -        1   -        1 
    Other (12)                                                      (0)       82,942   +    1,903   -      947 
  Deferred availability cash items                                  (0)          422   -      327   -      339 
  Other liabilities and accrued dividends (13)                                 7,823   +    1,405   -      848 
                                                                                                               
Total liabilities                                                   (0)    4,430,066   +   17,695   -   11,422 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,109   +        7   +      962 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,109   +        7   +      962 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, September 13, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,829          46          50          183         130         258         189         296          28          49         112         187         300
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,403,838      85,799   2,479,642      113,699     127,701     258,010     259,221     185,235      58,774      34,444      62,472     176,294     562,547
    Securities held outright (1)               4,254,571      82,895   2,395,714      109,851     123,379     249,278     250,440     178,942      56,734      33,171      60,340     170,323     543,506
      U.S. Treasury securities                 2,465,468      48,036   1,388,285       63,657      71,496     144,453     145,127     103,694      32,876      19,222      34,966      98,700     314,954
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,468      48,036   1,388,285       63,657      71,496     144,453     145,127     103,694      32,876      19,222      34,966      98,700     314,954
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,782,346      34,727   1,003,625       46,019      51,686     104,429     104,915      74,963      23,767      13,896      25,278      71,353     227,688
    Unamortized premiums on securities held 
      outright (5)                               163,562       3,187      92,100        4,223       4,743       9,583       9,628       6,879       2,181       1,275       2,320       6,548      20,894
    Unamortized discounts on securities     
      held outright (5)                          -14,515        -283      -8,174         -375        -421        -850        -854        -611        -194        -113        -206        -581      -1,854
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            220           0           1            0           0           0           8          25          52         111          18           4           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      82           0           0            0           0           0          81           0           0           0           0           0           0
  Bank premises                                    2,197         118         444           72         116         198         203         200         110          88         236         220         191
  Central bank liquidity swaps (8)                    87           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,431         929       6,863        1,152       1,746       4,631       1,250         897         234          91         208         274       3,156
  Other assets (10)                               23,765         501      12,876          607         691       1,569       1,422         999         525         200         400         969       3,007
  Interdistrict settlement account                     0  -    2,661  -   59,947   -    5,665  -    3,300  -    3,258  +    3,563  +   51,674  -      756  +    2,121  +    6,132  +    4,332  +    7,766
                                                                                                                                                                                                         
Total assets                                   4,471,174      85,280   2,447,075      110,610     127,882     262,615     268,108     240,466      59,407      37,274      70,006     183,475     578,975

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, September 13, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,709,585      56,366     552,663      55,223      85,308     121,531     227,489     115,401      52,290      31,252      48,391     142,837     220,833
    Less: Notes held by F.R. Banks               176,001       6,495      44,363       6,763      10,225      13,493      21,677      12,149       5,632       3,275       5,896      18,364      27,669
      Federal Reserve notes, net               1,533,584      49,871     508,300      48,461      75,083     108,038     205,812     103,252      46,659      27,977      42,495     124,473     193,164
  Reverse repurchase agreements (11)             366,719       7,145     206,497       9,469      10,635      21,486      21,586      15,424       4,890       2,859       5,201      14,681      46,847
  Deposits                                     2,521,517      26,292   1,715,113      50,152      38,555     123,628      37,800     119,656       7,220       5,738      21,731      43,488     332,144
    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                           2,360,190      26,287   1,614,008      50,150      38,552     123,206      37,791      59,888       7,217       5,737      21,729      43,488     332,137
    U.S. Treasury, General Account                73,220           0      73,220           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    82,942           3      22,747           0           0         413           7      59,767           3           0           1           0           1
  Deferred availability cash items                   422           0           0           0           0           0          64           0           0         358           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,307          22         775          29          31          44          94          45          20          10          16          65         155
  Other liabilities and accrued             
     dividends                                     6,517         182       3,321         221         229         558         380         342         157         145         161         254         566
                                                                                                                                                                                                        
Total liabilities                              4,430,066      83,512   2,434,007     108,331     124,533     253,755     265,737     238,719      58,946      37,086      69,603     182,961     572,877
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,109       1,335       9,866       1,741       2,535       6,700       1,788       1,329         352         145         306         387       4,626
  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                  4,471,174      85,280   2,447,075     110,610     127,882     262,615     268,108     240,466      59,407      37,274      70,006     183,475     578,975

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, September 13, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Sep 13, 2017  

Federal Reserve notes outstanding                                                            1,709,585  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,001  
    Federal Reserve notes to be collateralized                                               1,533,584  
Collateral held against Federal Reserve notes                                                1,533,584  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,517,347  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,254,571  
  Less: Face value of securities under reverse repurchase agreements                           349,553  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,905,019  

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:  September 14, 2017