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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                                                December 20, 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  Dec 19, 2018 
Federal Reserve Banks                                     Dec 19, 2018 Dec 12, 2018 Dec 20, 2017              

Reserve Bank credit                                         4,048,105   -      478   -  360,187    4,045,163  
  Securities held outright (1)                              3,894,463   -    2,001   -  339,546    3,891,757  
    U.S. Treasury securities                                2,240,641   +       55   -  213,603    2,240,661  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,101,796            0   -  222,608    2,101,796  
      Notes and bonds, inflation-indexed (2)                  116,545            0   +    6,411      116,545  
      Inflation compensation (3)                               22,300   +       55   +    2,594       22,321  
    Federal agency debt securities (2)                          2,409            0   -    1,982        2,409  
    Mortgage-backed securities (4)                          1,651,413   -    2,057   -  123,961    1,648,687  
  Unamortized premiums on securities held outright (5)        141,051   -      298   -   18,644      140,884  
  Unamortized discounts on securities held outright (5)       -13,491   +       29   +      675      -13,479  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            74   +        2   -       36           95  
    Primary credit                                                  9   -       12   -       68           18  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                65   +       14   +       32           77  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     2   -        5   -    1,710            0  
  Float                                                          -157   +       38   +       58         -180  
  Central bank liquidity swaps (8)                                 70   -       50   +       13           70  
  Other Federal Reserve assets (9)                             26,092   +    1,807   -      997       26,016  
Foreign currency denominated assets (10)                       20,606   -       47   -      554       20,761  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,845   +       14   +      492       49,845  
                                                                                                              
Total factors supplying reserve funds                       4,134,797   -      511   -  360,249    4,132,011  

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  Dec 19, 2018 
Federal Reserve Banks                                     Dec 19, 2018 Dec 12, 2018 Dec 20, 2017              

Currency in circulation (11)                                 1,705,804   +      737   +  101,782    1,709,041 
Reverse repurchase agreements (12)                             245,796   +    8,476   -   82,831      252,619 
  Foreign official and international accounts                  243,800   +    9,695   +   15,999      246,637 
  Others                                                         1,996   -    1,219   -   98,830        5,982 
Treasury cash holdings                                             202            0   -        2          205 
Deposits with F.R. Banks, other than reserve balances          438,200   +   26,114   +  193,926      475,635 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               350,714   +   15,747   +  195,102      396,293 
  Foreign official                                               5,243   -       11   -       54        5,244 
  Other (13)                                                    82,243   +   10,379   -    1,122       74,098 
Other liabilities and capital (14)                              45,657   +      562   -    3,099       45,346 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,435,659   +   35,890   +  209,777    2,482,847 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,699,138   -   36,401   -  570,026    1,649,163 

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  Dec 19, 2018 
                                                          Dec 19, 2018 Dec 12, 2018 Dec 20, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,403,169   +   18,665   +   30,512    3,404,499 
  Marketable U.S. Treasury securities (1)                    3,027,792   +   18,593   -    3,187    3,028,654 
  Federal agency debt and mortgage-backed securities (2)       308,710   +      298   +   45,104      309,340 
  Other securities (3)                                          66,667   -      226   -   11,405       66,505 
Securities lent to dealers                                      22,898   +    2,047   +    1,263       22,710 
  Overnight facility (4)                                        22,898   +    2,047   +    1,263       22,710 
    U.S. Treasury securities                                    22,898   +    2,047   +    1,263       22,710 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 19, 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                                           95             0             0             0             0           ...            95 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  18,209        72,333       302,120       964,808       264,587       618,604     2,240,661 
  Weekly changes                        +   18,209    -   18,209             0    +        8    +       20    +       26    +       55 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             4           221        63,510     1,584,951     1,648,687 
  Weekly changes                                 0             0             0    +       11    -      313    -    4,482    -    4,783 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                70             0             0             0             0             0            70 
                                                                                                                                       
Reverse repurchase agreements (4)          252,619             0           ...           ...           ...           ...       252,619 
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   
                                                                                                                      Dec 19, 2018  

Mortgage-backed securities held outright (1)                                                                             1,648,687  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                              254  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



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   
                                                                                                                      Dec 19, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    0  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 19, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 12, 2018 Dec 20, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,742   +       20   -      150  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,019,257   -    5,052   -  360,300  
    Securities held outright (1)                                          3,891,757   -    4,728   -  342,322  
      U.S. Treasury securities                                            2,240,661   +       55   -  213,576  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,101,796            0   -  222,608  
        Notes and bonds, inflation-indexed (2)                              116,545            0   +    6,411  
        Inflation compensation (3)                                           22,321   +       55   +    2,622  
      Federal agency debt securities (2)                                      2,409            0   -    1,982  
      Mortgage-backed securities (4)                                      1,648,687   -    4,783   -  126,764  
    Unamortized premiums on securities held outright  
    (5)                                                                     140,884   -      381   -   18,635  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,479   +       31   +      674  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        95   +       26   -       17  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0   -        7   -    1,712  
  Items in process of collection                                   (0)          189   +      111   +      112  
  Bank premises                                                               2,199   +        4   -       15  
  Central bank liquidity swaps (8)                                               70   -       50   +       13  
  Foreign currency denominated assets (9)                                    20,761   +      149   -      445  
  Other assets (10)                                                          23,819   +      785   -      700  
                                                                                                               
Total assets                                                       (0)    4,084,274   -    4,040   -  363,196  

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       Dec 19, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 12, 2018 Dec 20, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,661,139   +    3,282   +  100,474 
  Reverse repurchase agreements (11)                                         252,619   +   17,175   -   97,183 
  Deposits                                                          (0)    2,124,800   -   24,994   -  363,720 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,649,165   -  102,248   -  587,977 
    U.S. Treasury, General Account                                           396,293   +   73,630   +  225,476 
    Foreign official                                                           5,244   +        1   -        9 
    Other (12)                                                      (0)       74,098   +    3,623   -    1,210 
  Deferred availability cash items                                  (0)          369   -      114   +      133 
  Other liabilities and accrued dividends (13)                                 6,186   +      640   -      739 
                                                                                                               
Total liabilities                                                   (0)    4,045,113   -    4,010   -  361,035 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,335   -       31   +    1,013 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,160   -       31   -    2,162 

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, December 19, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,742          43          40          150         125         238         184         284          27          45         111         197         298
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,019,257      76,763   2,218,890      101,475     113,950     237,839     241,261     215,266      53,553      33,561      63,279     166,192     497,228
    Securities held outright (1)               3,891,757      74,328   2,148,552       98,259     110,333     230,299     233,610     208,434      51,812      32,477      61,265     160,923     481,465
      U.S. Treasury securities                 2,240,661      42,794   1,237,019       56,572      63,523     132,594     134,500     120,005      29,831      18,698      35,273      92,651     277,201
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,240,661      42,794   1,237,019       56,572      63,523     132,594     134,500     120,005      29,831      18,698      35,273      92,651     277,201
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,648,687      31,488     910,203       41,626      46,741      97,563      98,965      88,300      21,949      13,758      25,954      68,173     203,966
    Unamortized premiums on securities held 
      outright (5)                               140,884       2,691      77,779        3,557       3,994       8,337       8,457       7,545       1,876       1,176       2,218       5,826      17,429
    Unamortized discounts on securities     
      held outright (5)                          -13,479        -257      -7,441         -340        -382        -798        -809        -722        -179        -112        -212        -557      -1,668
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             95           1           1            0           5           1           4           8          45          21           8           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     189           0           0            0           0           0         188           0           0           1           0           0           0
  Bank premises                                    2,199         108         455           82         117         195         205         194         106          95         232         220         190
  Central bank liquidity swaps (8)                    70           3          22            4           6          15           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,761         883       6,546        1,179       1,676       4,485       1,200         880         300          95         206         257       3,055
  Other assets (10)                               23,819         489      12,693          596         685       1,604       1,432       1,250         375         237         427       1,114       2,917
  Interdistrict settlement account                     0  +    1,678  -   68,519   -    7,096  +    5,535  +    4,389  +   38,389  +    3,932  +    8,494  +    2,970  -    1,236  +    7,096  +    4,368
                                                                                                                                                                                                         
Total assets                                   4,084,274      80,527   2,175,570       96,951     122,873     249,949     285,009     222,973      63,341      37,292      63,480     176,264     510,045

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, December 19, 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            1,863,595      58,072     616,079      55,017      88,860     125,892     262,348     122,065      56,138      31,575      50,056     151,069     246,426
    Less: Notes held by F.R. Banks               202,456       6,295      58,048       7,317       8,755      13,706      29,893      14,556       5,522       2,867       5,853      18,091      31,551
      Federal Reserve notes, net               1,661,139      51,777     558,030      47,700      80,104     112,186     232,455     107,509      50,615      28,707      44,203     132,978     214,874
  Reverse repurchase agreements (11)             252,619       4,825     139,465       6,378       7,162      14,949      15,164      13,530       3,363       2,108       3,977      10,446      31,253
  Deposits                                     2,124,800      22,027   1,463,112      40,369      32,202     113,758      34,512      99,902       8,610       5,935      14,757      32,075     257,541
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,649,165      22,011   1,037,437      40,366      32,175     113,219      34,465      50,783       8,599       5,879      14,732      31,965     257,534
    U.S. Treasury, General Account               396,293           0     396,293           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,244           2       5,216           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    74,098          14      24,165           1          24         530          45      49,117          10          56          25         110           2
  Deferred availability cash items                   369           0           0           0           0           0         175           0           0         194           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,243          29         660          34          45          54         106          66          21          13          18          62         136
  Other liabilities and accrued             
     dividends                                     4,943         186       1,892         214         228         634         322         326         139         150         145         219         490
                                                                                                                                                                                                        
Total liabilities                              4,045,113      78,844   2,163,158      94,695     119,741     241,580     282,734     221,333      62,749      37,107      63,099     175,779     504,293
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,335       1,393      10,260       1,868       2,581       6,895       1,880       1,350         493         154         313         400       4,747
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,084,274      80,527   2,175,570      96,951     122,873     249,949     285,009     222,973      63,341      37,292      63,480     176,264     510,045

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, December 19, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 19, 2018  

Federal Reserve notes outstanding                                                            1,863,595  
  Less: Notes held by F.R. Banks not subject to collateralization                              202,456  
    Federal Reserve notes to be collateralized                                               1,661,139  
Collateral held against Federal Reserve notes                                                1,661,139  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,644,902  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,891,757  
  Less: Face value of securities under reverse repurchase agreements                           251,766  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,639,991  

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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