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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                                               September 28, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 27, 2017 
Federal Reserve Banks                                     Sep 27, 2017 Sep 20, 2017 Sep 28, 2016              

Reserve Bank credit                                         4,423,774   -    1,036   -      791    4,415,731  
  Securities held outright (1)                              4,247,195   -    1,092   +   14,619    4,240,344  
    U.S. Treasury securities                                2,465,434   -       21   +    1,957    2,465,427  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,326            0   -    4,321    2,337,326  
      Notes and bonds, inflation-indexed (2)                  109,412            0   +    4,859      109,412  
      Inflation compensation (3)                               18,696   -       21   +    1,419       18,689  
    Federal agency debt securities (2)                          6,757            0   -   13,735        6,757  
    Mortgage-backed securities (4)                          1,775,004   -    1,071   +   26,398    1,768,160  
  Unamortized premiums on securities held outright (5)        162,862   -      323   -   14,712      162,553  
  Unamortized discounts on securities held outright (5)       -14,461   +       32   +    1,030      -14,448  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           233   -       19   +        8          233  
    Primary credit                                                  7   -       24   -        2           12  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               226   +        5   +       10          221  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,707  
  Float                                                          -307   -       40   +       81         -678  
  Central bank liquidity swaps (8)                                 37            0   -      254           37  
  Other Federal Reserve assets (9)                             26,507   +      405   -    1,563       25,983  
Foreign currency denominated assets (10)                       21,306   -      148   -      231       21,103  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,162   +       14   +      810       49,162  
                                                                                                              
Total factors supplying reserve funds                       4,510,482   -    1,171   -      213    4,502,238  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 27, 2017 
Federal Reserve Banks                                     Sep 27, 2017 Sep 20, 2017 Sep 28, 2016              

Currency in circulation (11)                                 1,578,950   -      721   +  110,588    1,580,243 
Reverse repurchase agreements (12)                             407,683   +   34,601   -   37,718      455,073 
  Foreign official and international accounts                  239,518   -    6,398   -    1,558      234,990 
  Others                                                       168,165   +   40,999   -   36,160      220,083 
Treasury cash holdings                                             187   +       12   +       63          197 
Deposits with F.R. Banks, other than reserve balances          263,039   +   44,932   -  155,070      240,646 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               164,652   +   36,870   -  187,048      155,159 
  Foreign official                                               5,195   +       29   +       30        5,370 
  Other (13)                                                    93,192   +    8,033   +   31,948       80,117 
Other liabilities and capital (14)                              47,913   +       97   +    1,006       47,238 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,297,773   +   78,922   -   81,130    2,323,397 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,212,709   -   80,092   +   80,917    2,178,840 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Sep 27, 2017 
                                                          Sep 27, 2017 Sep 20, 2017 Sep 28, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,371,865   -    4,490   +  228,357    3,369,873 
  Marketable U.S. Treasury securities (1)                    3,046,423   -    5,566   +  222,882    3,043,819 
  Federal agency debt and mortgage-backed securities (2)       262,202   +      660   +    2,024      262,753 
  Other securities (3)                                          63,241   +      418   +    3,451       63,301 
Securities lent to dealers                                      24,279   -      141   -      972       24,053 
  Overnight facility (4)                                        24,279   -      141   -      972       24,053 
    U.S. Treasury securities                                    24,279   -      141   -      950       24,053 
    Federal agency debt securities                                   0            0   -       21            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 27, 2017  

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                          227             6             0             0             0           ...           233 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  10,947        27,613       323,377     1,144,897       325,425       633,168     2,465,427 
  Weekly changes                                 0             0             0    -        3    -        5    -       12    -       21 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           119        17,246     1,750,794     1,768,160 
  Weekly changes                                 0             0             0    -        3    -      375    -    1,987    -    2,364 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                37             0             0             0             0             0            37 
                                                                                                                                       
Reverse repurchase agreements (4)          455,073             0           ...           ...           ...           ...       455,073 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 27, 2017  

Mortgage-backed securities held outright (1)                                                                             1,768,160  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,444  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   17  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 27, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 2017. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Sep 27, 2017   Wednesday    Wednesday  
                                                        consolidation                Sep 20, 2017 Sep 28, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,849   +       14   -       78  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,388,682   -    2,621   +    6,000  
    Securities held outright (1)                                          4,240,344   -    2,384   +   19,517  
      U.S. Treasury securities                                            2,465,427   -       21   +    1,967  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,326            0   -    4,321  
        Notes and bonds, inflation-indexed (2)                              109,412            0   +    4,859  
        Inflation compensation (3)                                           18,689   -       20   +    1,429  
      Federal agency debt securities (2)                                      6,757            0   -   13,735  
      Mortgage-backed securities (4)                                      1,768,160   -    2,364   +   31,285  
    Unamortized premiums on securities held outright  
    (5)                                                                     162,553   -      275   -   14,536  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,448   +       33   +    1,029  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       233   +        5   -        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707   -        1            0  
  Items in process of collection                                   (0)           62   -       16   +        8  
  Bank premises                                                               2,197            0   -        9  
  Central bank liquidity swaps (8)                                               37            0   -      254  
  Foreign currency denominated assets (9)                                    21,103   -      368   -      422  
  Other assets (10)                                                          23,787   +       75   -    1,585  
                                                                                                               
Total assets                                                       (0)    4,455,661   -    2,915   +    3,659  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Sep 27, 2017   Wednesday    Wednesday  
                                                        consolidation                Sep 20, 2017 Sep 28, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,533,124   -      459   +  109,200 
  Reverse repurchase agreements (11)                                         455,073   +   41,504   -   59,737 
  Deposits                                                          (0)    2,419,487   -   44,355   -   46,634 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,178,841   -   50,568   +   93,604 
    U.S. Treasury, General Account                                           155,159   +    3,955   -  184,460 
    Foreign official                                                           5,370   +      205   +      205 
    Other (12)                                                      (0)       80,117   +    2,054   +   44,017 
  Deferred availability cash items                                  (0)          739   +      202   -       17 
  Other liabilities and accrued dividends (13)                                 6,052   +      172   -      167 
                                                                                                               
Total liabilities                                                   (0)    4,414,476   -    2,936   +    2,646 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,186   +       21   +    1,014 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,186   +       21   +    1,014 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, September 27, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,849          47          49          183         132         262         196         296          29          50         112         188         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,388,682      85,503   2,471,101      113,308     127,267     257,125     258,328     184,606      58,570      34,319      62,261     175,687     560,608
    Securities held outright (1)               4,240,344      82,618   2,387,703      109,484     122,966     248,444     249,602     178,343      56,544      33,060      60,138     169,754     541,688
      U.S. Treasury securities                 2,465,427      48,036   1,388,262       63,656      71,495     144,451     145,124     103,693      32,876      19,222      34,965      98,698     314,949
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,427      48,036   1,388,262       63,656      71,495     144,451     145,124     103,693      32,876      19,222      34,965      98,698     314,949
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,768,160      34,450     995,636       45,653      51,275     103,597     104,080      74,367      23,578      13,785      25,077      70,785     225,876
    Unamortized premiums on securities held 
      outright (5)                               162,553       3,167      91,532        4,197       4,714       9,524       9,568       6,837       2,168       1,267       2,305       6,507      20,766
    Unamortized discounts on securities     
      held outright (5)                          -14,448        -282      -8,136         -373        -419        -847        -850        -608        -193        -113        -205        -578      -1,846
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            233           0           2            0           6           3           8          33          51         104          22           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      62           0           0            0           0           0          61           0           0           0           0           0           0
  Bank premises                                    2,197         118         441           72         119         198         204         200         110          88         236         220         191
  Central bank liquidity swaps (8)                    37           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,103         915       6,759        1,135       1,719       4,560       1,231         883         231          89         205         270       3,107
  Other assets (10)                               23,787         508      12,947          612         695       1,567       1,421       1,001         377         204         403       1,030       3,022
  Interdistrict settlement account                     0  -    9,916  -   56,009   -    3,287  -    2,057  +   12,880  +    7,117  +   47,662  -      873  +    3,010  +    5,427  +    4,882  -    8,837
                                                                                                                                                                                                         
Total assets                                   4,455,661      77,722   2,442,417      112,583     128,667     277,788     270,734     235,811      58,936      38,042      69,090     183,475     560,396

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, September 27, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,717,378      56,214     558,295      55,064      85,150     121,529     230,153     115,546      52,278      31,169      48,234     142,559     221,186
    Less: Notes held by F.R. Banks               184,255       6,892      45,460       6,869      10,370      14,186      25,217      12,401       5,745       3,381       5,922      19,271      28,540
      Federal Reserve notes, net               1,533,124      49,322     512,835      48,195      74,780     107,342     204,937     103,146      46,533      27,788      42,312     123,288     192,646
  Reverse repurchase agreements (11)             455,073       8,867     256,248      11,750      13,197      26,663      26,787      19,140       6,068       3,548       6,454      18,218      58,134
  Deposits                                     2,419,487      17,586   1,657,376      50,105      37,124     134,372      36,171     111,439       5,723       5,689      19,757      41,181     302,964
    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                           2,178,841      17,581   1,475,413      50,103      37,121     134,178      36,162      52,981       5,720       5,689      19,756      41,180     302,957
    U.S. Treasury, General Account               155,159           0     155,159           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,370           2       5,342           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    80,117           3      21,462           0           0         185           7      58,456           2           0           1           0           1
  Deferred availability cash items                   739           0           0           0           0           0          59           0           0         681           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   806           8         519          10          11          -2          65          23           2           9          13          53          96
  Other liabilities and accrued             
     dividends                                     5,246         171       2,354         202         207         545         345         315         142         140         149         219         457
                                                                                                                                                                                                        
Total liabilities                              4,414,476      75,953   2,429,332     110,262     125,318     268,920     268,363     234,063      58,468      37,854      68,686     182,960     554,297
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,186       1,335       9,883       1,783       2,535       6,707       1,788       1,330         359         145         307         388       4,626
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,455,661      77,722   2,442,417     112,583     128,667     277,788     270,734     235,811      58,936      38,042      69,090     183,475     560,396

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, September 27, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Sep 27, 2017  

Federal Reserve notes outstanding                                                            1,717,378  
  Less: Notes held by F.R. Banks not subject to collateralization                              184,255  
    Federal Reserve notes to be collateralized                                               1,533,124  
Collateral held against Federal Reserve notes                                                1,533,124  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,516,887  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,240,344  
  Less: Face value of securities under reverse repurchase agreements                           430,100  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,810,244  

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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