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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 22, 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  Mar 21, 2018 
Federal Reserve Banks                                     Mar 21, 2018 Mar 14, 2018 Mar 22, 2017              

Reserve Bank credit                                         4,361,534   +    2,113   -   74,683    4,360,723  
  Securities held outright (1)                              4,193,059   +    1,718   -   58,961    4,192,285  
    U.S. Treasury securities                                2,424,664   +      160   -   39,250    2,424,723  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,293,885            0   -   46,526    2,293,885  
      Notes and bonds, inflation-indexed (2)                  111,220            0   +    5,319      111,220  
      Inflation compensation (3)                               19,559   +      160   +    1,957       19,618  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,764,005   +    1,559   -   10,772    1,763,171  
  Unamortized premiums on securities held outright (5)        155,314   -      366   -   14,705      155,105  
  Unamortized discounts on securities held outright (5)       -14,063   +       22   +      923      -14,054  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            16   +        6   +        7           14  
    Primary credit                                                  5   +        3   +        2            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                11   +        2   +        6           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,708  
  Float                                                          -153   +       36   +      137         -152  
  Central bank liquidity swaps (8)                                 77   +       13   -      942           77  
  Other Federal Reserve assets (9)                             25,576   +      684   -    1,144       25,741  
Foreign currency denominated assets (10)                       22,201   -       21   +    2,136       22,163  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,535   +       14   +      793       49,535  
                                                                                                              
Total factors supplying reserve funds                       4,449,512   +    2,106   -   71,754    4,448,663  

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  Mar 21, 2018 
Federal Reserve Banks                                     Mar 21, 2018 Mar 14, 2018 Mar 22, 2017              

Currency in circulation (11)                                 1,634,202   +      876   +  102,380    1,634,754 
Reverse repurchase agreements (12)                             241,746   +   15,419   -  239,663      249,149 
  Foreign official and international accounts                  231,040   +    8,369   -   13,899      228,563 
  Others                                                        10,706   +    7,050   -  225,764       20,586 
Treasury cash holdings                                             316            0   +       53          317 
Deposits with F.R. Banks, other than reserve balances          404,185   +   67,823   +  256,227      385,095 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               316,454   +   66,525   +  245,627      298,973 
  Foreign official                                               5,254            0   +       81        5,254 
  Other (13)                                                    82,477   +    1,299   +   10,520       80,867 
Other liabilities and capital (14)                              45,476   -      770   -    2,925       44,280 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,325,925   +   83,349   +  116,072    2,313,595 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,123,587   -   81,242   -  187,826    2,135,068 

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  Mar 21, 2018 
                                                          Mar 21, 2018 Mar 14, 2018 Mar 22, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,440,035   -   12,171   +  228,192    3,444,637 
  Marketable U.S. Treasury securities (1)                    3,097,467   -   11,595   +  210,016    3,092,098 
  Federal agency debt and mortgage-backed securities (2)       263,136   +      644   +      381      273,104 
  Other securities (3)                                          79,432   -    1,220   +   17,795       79,435 
Securities lent to dealers                                      22,700   -    1,735   -    1,127       25,940 
  Overnight facility (4)                                        22,700   -    1,735   -    1,127       25,940 
    U.S. Treasury securities                                    22,700   -    1,735   -    1,051       25,940 
    Federal agency debt securities                                   0            0   -       77            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, March 21, 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                                           14             0             0             0             0           ...            14 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  31,201        89,280       298,434     1,081,492       297,970       626,346     2,424,723 
  Weekly changes                        +   31,201    -   31,201    +        4    +       22    +       41    +       93    +      161 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,982             0            62             0         2,347         4,391 
  Weekly changes                                 0    +    1,982    -    1,982             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           197        36,593     1,726,381     1,763,171 
  Weekly changes                                 0             0             0    +       24    -       71    -    5,370    -    5,417 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                77             0             0             0             0             0            77 
                                                                                                                                       
Reverse repurchase agreements (4)          249,149             0           ...           ...           ...           ...       249,149 
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   
                                                                                                                      Mar 21, 2018  

Mortgage-backed securities held outright (1)                                                                             1,763,171  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,090  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    9  



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   
                                                                                                                      Mar 21, 2018  

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. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 14, 2018 Mar 22, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,859   -       18   -       62  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,333,349   -    5,801   -   76,650  
    Securities held outright (1)                                          4,192,285   -    5,256   -   62,662  
      U.S. Treasury securities                                            2,424,723   +      161   -   39,251  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,293,885            0   -   46,526  
        Notes and bonds, inflation-indexed (2)                              111,220            0   +    5,319  
        Inflation compensation (3)                                           19,618   +      161   +    1,957  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,763,171   -    5,417   -   14,474  
    Unamortized premiums on securities held outright  
    (5)                                                                     155,105   -      569   -   14,914  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,054   +       26   +      922  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        14   -        1   +        5  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           88   +       14   +       39  
  Bank premises                                                               2,197   +        1   -        2  
  Central bank liquidity swaps (8)                                               77   +       13   -      942  
  Foreign currency denominated assets (9)                                    22,163   -      113   +    1,958  
  Other assets (10)                                                          23,544   -      131   -    1,354  
                                                                                                               
Total assets                                                       (0)    4,401,222   -    6,036   -   77,014  

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       Mar 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Mar 14, 2018 Mar 22, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,587,391   -      269   +  100,086 
  Reverse repurchase agreements (11)                                         249,149   +   11,870   -  246,569 
  Deposits                                                          (0)    2,520,162   -   16,103   +   73,212 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,135,068   -   55,075   -  178,894 
    U.S. Treasury, General Account                                           298,973   +   62,813   +  244,728 
    Foreign official                                                           5,254            0   +       83 
    Other (12)                                                      (0)       80,867   -   23,840   +    7,295 
  Deferred availability cash items                                  (0)          239   -      115   -      247 
  Other liabilities and accrued dividends (13)                                 5,110   -    1,431   -    2,101 
                                                                                                               
Total liabilities                                                   (0)    4,362,051   -    6,047   -   75,619 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,670   +       10   +    1,105 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,170   +       10   -    1,395 

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, March 21, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,859          54          46          192         124         270         190         301          31          53         112         195         292
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,333,349      84,429   2,440,065      111,885     125,663     253,893     255,076     182,265      57,784      33,788      61,457     173,476     553,567
    Securities held outright (1)               4,192,285      81,681   2,360,641      108,243     121,572     245,628     246,773     176,322      55,903      32,685      59,456     167,830     535,549
      U.S. Treasury securities                 2,424,723      47,243   1,365,342       62,605      70,315     142,066     142,728     101,981      32,333      18,904      34,388      97,069     309,749
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,424,723      47,243   1,365,342       62,605      70,315     142,066     142,728     101,981      32,333      18,904      34,388      97,069     309,749
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,763,171      34,353     992,827       45,524      51,130     103,305     103,787      74,157      23,511      13,747      25,006      70,585     225,238
    Unamortized premiums on securities held 
      outright (5)                               155,105       3,022      87,338        4,005       4,498       9,088       9,130       6,523       2,068       1,209       2,200       6,209      19,814
    Unamortized discounts on securities     
      held outright (5)                          -14,054        -274      -7,914         -363        -408        -823        -827        -591        -187        -110        -199        -563      -1,795
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             14           0           0            0           0           0           0          11           0           3           0           0           0
  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                      88           0           0            0           0           0          87           0           0           0           0           0           0
  Bank premises                                    2,197         113         444           74         121         198         203         202         109          87         235         220         192
  Central bank liquidity swaps (8)                    77           3          25            4           6          17           4           3           1           0           1           1          11
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,163         961       7,098        1,192       1,805       4,789       1,293         928         242          94         215         283       3,263
  Other assets (10)                               23,544         492      12,658          602         686       1,570       1,393         983         592         198         398       1,011       2,961
  Interdistrict settlement account                     0  -    4,602  -    5,287   +      769  -    4,309  +   16,219  +    8,003  +   39,005  -      148  +    1,747  +    7,477  +    1,073  -   59,948
                                                                                                                                                                                                         
Total assets                                   4,401,222      81,995   2,462,168      115,275     124,887     278,143     268,424     224,848      59,102      36,248      70,340     177,457     502,335

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, March 21, 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            1,771,080      58,840     601,598      53,849      87,085     122,530     242,462     114,555      52,075      30,719      47,367     139,789     220,210
    Less: Notes held by F.R. Banks               183,688       6,584      48,720       7,342       9,840      13,946      27,504      12,274       5,315       3,684       6,013      17,279      25,186
      Federal Reserve notes, net               1,587,391      52,256     552,878      46,506      77,246     108,584     214,959     102,280      46,760      27,035      41,355     122,509     195,024
  Reverse repurchase agreements (11)             249,149       4,854     140,294       6,433       7,225      14,598      14,666      10,479       3,322       1,942       3,534       9,974      31,828
  Deposits                                     2,520,162      23,041   1,754,593      59,840      37,054     145,968      36,105     110,125       8,286       6,765      24,917      44,221     269,247
    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                           2,135,068      23,010   1,427,866      59,838      36,976     145,808      36,051      52,135       8,281       6,764      24,908      44,191     269,240
    U.S. Treasury, General Account               298,973           0     298,973           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,254           2       5,227           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    80,867          29      22,527           0          75         151          52      57,989           5           0           9          30           2
  Deferred availability cash items                   239           0           0           0           0           0          62           0           0         177           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,189          21         678          23          34          33          96          42          20          11          17          61         152
  Other liabilities and accrued             
     dividends                                     3,921         161       1,411         185         187         478         295         270         126         138         131         204         334
                                                                                                                                                                                                        
Total liabilities                              4,362,051      80,333   2,449,854     112,987     121,746     269,661     266,183     223,196      58,514      36,068      69,954     176,969     496,585
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,670       1,343       9,949       1,861       2,536       6,862       1,808       1,334         480         145         312         395       4,645
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,401,222      81,995   2,462,168     115,275     124,887     278,143     268,424     224,848      59,102      36,248      70,340     177,457     502,335

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, March 21, 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 $7.5 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   
                                                                                          Mar 21, 2018  

Federal Reserve notes outstanding                                                            1,771,080  
  Less: Notes held by F.R. Banks not subject to collateralization                              183,688  
    Federal Reserve notes to be collateralized                                               1,587,391  
Collateral held against Federal Reserve notes                                                1,587,391  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,571,154  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,192,285  
  Less: Face value of securities under reverse repurchase agreements                           247,807  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,944,478  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.`

Statistical releases

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