---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 15, 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  Nov 14, 2018 
Federal Reserve Banks                                     Nov 14, 2018  Nov 7, 2018 Nov 15, 2017              

Reserve Bank credit                                         4,104,949   +    2,840   -  317,783    4,107,000  
  Securities held outright (1)                              3,942,330   +      510   -  299,004    3,943,654  
    U.S. Treasury securities                                2,270,409   -       13   -  189,176    2,270,420  
      Bills (2)                                                     0   -       53            0            0  
      Notes and bonds, nominal (2)                          2,132,762            0   -  197,939    2,132,762  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,042      115,579  
      Inflation compensation (3)                               22,068   +       39   +    2,720       22,080  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,669,512   +      523   -  105,479    1,670,825  
  Unamortized premiums on securities held outright (5)        142,854   -      227   -   18,198      142,788  
  Unamortized discounts on securities held outright (5)       -13,489   +       32   +      778      -13,480  
  Repurchase agreements (6)                                         0            0   -       37            0  
  Loans                                                            95   -        6   +       27          176  
    Primary credit                                                 20   +       10   +        1          110  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                75   -       16   +       26           66  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,705            7  
  Float                                                          -171   -       25   +       61         -248  
  Central bank liquidity swaps (8)                                 47   -       33   +       12           47  
  Other Federal Reserve assets (9)                             33,276   +    2,589   +      283       34,056  
Foreign currency denominated assets (10)                       20,543   -      135   -      444       20,530  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,857   +       14   +      578       49,857  
                                                                                                              
Total factors supplying reserve funds                       4,191,590   +    2,718   -  317,649    4,193,628  

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  Nov 14, 2018 
Federal Reserve Banks                                     Nov 14, 2018  Nov 7, 2018 Nov 15, 2017              

Currency in circulation (11)                                 1,701,066   +    4,329   +  109,800    1,702,792 
Reverse repurchase agreements (12)                             225,052   -    3,575   -   37,375      220,111 
  Foreign official and international accounts                  224,410   -    2,067   +      284      219,451 
  Others                                                           642   -    1,508   -   37,659          660 
Treasury cash holdings                                             229   -        3   +        8          220 
Deposits with F.R. Banks, other than reserve balances          418,936   +   26,995   +  148,688      426,447 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               341,094   +   21,110   +  166,463      328,686 
  Foreign official                                               5,258   +        2            0        5,256 
  Other (13)                                                    72,584   +    5,884   -   17,776       92,505 
Other liabilities and capital (14)                              44,926   -      277   -    3,896       44,530 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,390,207   +   27,466   +  217,223    2,394,100 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,801,383   -   24,748   -  534,872    1,799,528 

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  Nov 14, 2018 
                                                          Nov 14, 2018  Nov 7, 2018 Nov 15, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,420,139   +    5,045   +   51,031    3,420,662 
  Marketable U.S. Treasury securities (1)                    3,046,991   +    4,291   +    6,545    3,045,815 
  Federal agency debt and mortgage-backed securities (2)       306,637   +      599   +   44,382      308,204 
  Other securities (3)                                          66,511   +      155   +      104       66,643 
Securities lent to dealers                                      15,928   -    2,682   -    5,269       16,268 
  Overnight facility (4)                                        15,928   -    2,682   -    5,269       16,268 
    U.S. Treasury securities                                    15,928   -    2,682   -    5,269       16,268 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 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, November 14, 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                                          116            60             0             0             0           ...           176 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  34,304        59,403       310,003       993,899       255,606       617,206     2,270,420 
  Weekly changes                        -       53    +        1             0    +    8,521    -    8,502    +       18    -       16 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             2           202        62,179     1,608,441     1,670,825 
  Weekly changes                                 0             0             0             0             0    +    1,836    +    1,836 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                47             0             0             0             0             0            47 
                                                                                                                                       
Reverse repurchase agreements (4)          220,111             0           ...           ...           ...           ...       220,111 
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   
                                                                                                                      Nov 14, 2018  

Mortgage-backed securities held outright (1)                                                                             1,670,825  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            1,173  
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   
                                                                                                                      Nov 14, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
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.         
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       Nov 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Nov 7, 2018 Nov 15, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,721   -       12   -      134  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,073,138   +    1,701   -  312,914  
    Securities held outright (1)                                          3,943,654   +    1,820   -  295,598  
      U.S. Treasury securities                                            2,270,420   -       16   -  186,221  
        Bills (2)                                                                 0   -       53            0  
        Notes and bonds, nominal (2)                                      2,132,762            0   -  194,936  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,042  
        Inflation compensation (3)                                           22,080   +       37   +    2,674  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,670,825   +    1,836   -  105,029  
    Unamortized premiums on securities held outright  
    (5)                                                                     142,788   -      222   -   18,244  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,480   +       30   +      804  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       176   +       73   +      125  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,703  
  Items in process of collection                                   (0)          156   +       22   +       85  
  Bank premises                                                               2,189   +        3   -       15  
  Central bank liquidity swaps (8)                                               47   -       32   +       12  
  Foreign currency denominated assets (9)                                    20,530   -      187   -      592  
  Other assets (10)                                                          31,867   +    2,463   +   12,864  
                                                                                                               
Total assets                                                       (0)    4,145,892   +    3,956   -  302,397  

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       Nov 14, 2018   Wednesday    Wednesday  
                                                        consolidation                 Nov 7, 2018 Nov 15, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,654,871   +    3,621   +  109,031 
  Reverse repurchase agreements (11)                                         220,111   -   10,727   -   43,338 
  Deposits                                                          (0)    2,225,976   +   11,742   -  364,913 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,799,529   -   29,296   -  558,277 
    U.S. Treasury, General Account                                           328,686   +   12,529   +  180,521 
    Foreign official                                                           5,256   -        1   -      112 
    Other (12)                                                      (0)       92,505   +   28,510   +   12,956 
  Deferred availability cash items                                  (0)          404   +      137   +       17 
  Other liabilities and accrued dividends (13)                                 5,406   -      826   -    1,080 
                                                                                                               
Total liabilities                                                   (0)    4,106,768   +    3,946   -  300,283 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,299   +       10   +    1,061 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,124   +       10   -    2,114 

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, November 14, 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         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,721          43          38          153         118         234         177         288          28          44         107         196         293
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,073,138      77,790   2,248,698      102,834     115,470     241,022     244,491     218,153      54,239      34,016      64,126     168,416     503,884
    Securities held outright (1)               3,943,654      75,320   2,177,203       99,569     111,804     233,370     236,725     211,214      52,503      32,910      62,082     163,069     487,886
      U.S. Treasury securities                 2,270,420      43,363   1,253,448       57,323      64,367     134,355     136,286     121,599      30,227      18,947      35,742      93,881     280,883
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,270,420      43,363   1,253,448       57,323      64,367     134,355     136,286     121,599      30,227      18,947      35,742      93,881     280,883
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,670,825      31,911     922,425       42,185      47,368      98,873     100,294      89,486      22,244      13,943      26,303      69,088     206,705
    Unamortized premiums on securities held 
      outright (5)                               142,788       2,727      78,830        3,605       4,048       8,450       8,571       7,647       1,901       1,192       2,248       5,904      17,665
    Unamortized discounts on securities     
      held outright (5)                          -13,480        -257      -7,442         -340        -382        -798        -809        -722        -179        -112        -212        -557      -1,668
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            176           1         107            0           0           0           4          14          14          28           8           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     156           0           1            0           0           0         154           0           0           1           0           0           0
  Bank premises                                    2,189         108         448           80         117         195         206         195         106          95         233         219         188
  Central bank liquidity swaps (8)                    47           2          15            3           4          10           3           2           1           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,530         874       6,473        1,166       1,657       4,435       1,186         870         296          94         203         254       3,021
  Other assets (10)                               31,867         646      17,111          798         917       2,108       1,910       1,676         520         344         575       1,363       3,899
  Interdistrict settlement account                     0  +    5,881  -   31,683   -    8,723  +    8,254  -   13,472  +   31,746  -    1,659  +    4,880  +    2,719  -    4,757  +    9,927  -    3,115
                                                                                                                                                                                                         
Total assets                                   4,145,892      85,903   2,246,552       96,871     127,318     235,717     282,019     220,688      60,554      37,602      60,948     181,564     510,156

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, November 14, 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            1,854,013      58,317     615,797      54,768      88,846     125,674     262,592     120,897      55,695      31,393      49,784     150,591     239,660
    Less: Notes held by F.R. Banks               199,142       6,123      60,139       7,211       9,166      14,167      29,397      12,804       5,523       2,846       5,769      17,397      28,598
      Federal Reserve notes, net               1,654,871      52,194     555,658      47,557      79,680     111,507     233,194     108,093      50,172      28,546      44,014     133,194     211,062
  Reverse repurchase agreements (11)             220,111       4,204     121,518       5,557       6,240      13,025      13,213      11,789       2,930       1,837       3,465       9,102      27,231
  Deposits                                     2,225,976      27,676   1,554,798      41,280      38,027     102,245      32,761      98,823       6,693       6,637      12,909      38,509     265,619
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,799,529      27,660   1,175,261      41,278      37,999     101,765      32,723      52,672       6,685       6,584      12,892      38,398     265,611
    U.S. Treasury, General Account               328,686           0     328,686           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    92,505          14      45,622           1          25         471          36      46,149           7          52          16         110           2
  Deferred availability cash items                   404           0           0           0           0           0         162           0           0         242           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,073          16         587          21          26          34          96          58          19          13          22          65         117
  Other liabilities and accrued             
     dividends                                     4,333         180       1,549         200         213         541         318         288         147         151         157         212         377
                                                                                                                                                                                                        
Total liabilities                              4,106,768      84,270   2,234,111      94,616     124,186     227,351     279,744     219,050      59,962      37,425      60,567     181,081     504,406
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,299       1,343      10,290       1,868       2,581       6,891       1,880       1,349         493         146         313         398       4,746
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,145,892      85,903   2,246,552      96,871     127,318     235,717     282,019     220,688      60,554      37,602      60,948     181,564     510,156

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, November 14, 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 $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. 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   
                                                                                          Nov 14, 2018  

Federal Reserve notes outstanding                                                            1,854,013  
  Less: Notes held by F.R. Banks not subject to collateralization                              199,142  
    Federal Reserve notes to be collateralized                                               1,654,871  
Collateral held against Federal Reserve notes                                                1,654,871  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,638,634  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,943,654  
  Less: Face value of securities under reverse repurchase agreements                           218,650  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,725,004  

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:  November 15, 2018