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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                                                    June 14, 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  Jun 13, 2018 
Federal Reserve Banks                                     Jun 13, 2018  Jun 6, 2018 Jun 14, 2017              

Reserve Bank credit                                         4,281,633   +    3,040   -  146,179    4,285,282  
  Securities held outright (1)                              4,117,388   +      579   -  130,206    4,120,141  
    U.S. Treasury securities                                2,377,952   +      126   -   86,887    2,377,998  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,242,161            0   -   96,055    2,242,161  
      Notes and bonds, inflation-indexed (2)                  114,860            0   +    6,734      114,860  
      Inflation compensation (3)                               20,931   +      126   +    2,435       20,977  
    Federal agency debt securities (2)                          4,108   -      283   -    4,410        2,409  
    Mortgage-backed securities (4)                          1,735,328   +      736   -   38,909    1,739,733  
  Unamortized premiums on securities held outright (5)        150,916   -      207   -   15,864      150,901  
  Unamortized discounts on securities held outright (5)       -13,989   +       27   +      820      -13,985  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           123   +       16   +       51          168  
    Primary credit                                                 17            0   +       10           54  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               106   +       16   +       41          115  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713   +        1   +        4        1,713  
  Float                                                          -179   +      109   +      145         -216  
  Central bank liquidity swaps (8)                                 91   +       20   +       55           91  
  Other Federal Reserve assets (9)                             25,571   +    2,497   -    1,183       26,469  
Foreign currency denominated assets (10)                       21,350   +       62   +      631       21,302  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,657   +       14   +      713       49,657  
                                                                                                              
Total factors supplying reserve funds                       4,368,881   +    3,116   -  144,835    4,372,482  

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  Jun 13, 2018 
Federal Reserve Banks                                     Jun 13, 2018  Jun 6, 2018 Jun 14, 2017              

Currency in circulation (11)                                 1,660,963   -      268   +  106,352    1,661,773 
Reverse repurchase agreements (12)                             244,085   -   14,830   -  151,637      239,658 
  Foreign official and international accounts                  240,763   -    4,768   +    3,018      236,633 
  Others                                                         3,322   -   10,062   -  154,655        3,025 
Treasury cash holdings                                             235   -        8   +       14          233 
Deposits with F.R. Banks, other than reserve balances          360,575   -    9,384   +  120,918      361,769 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               281,188   -   12,881   +  127,542      282,968 
  Foreign official                                               5,255   -       17   +       42        5,255 
  Other (13)                                                    74,132   +    3,514   -    6,666       73,546 
Other liabilities and capital (14)                              45,754   -       83   -    3,034       46,011 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,311,612   -   24,574   +   72,612    2,309,445 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,057,269   +   27,690   -  217,447    2,063,038 

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  Jun 13, 2018 
                                                          Jun 13, 2018  Jun 6, 2018 Jun 14, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,401,538   +    3,242   +  131,209    3,398,821 
  Marketable U.S. Treasury securities (1)                    3,038,558   +    3,496   +   92,591    3,033,810 
  Federal agency debt and mortgage-backed securities (2)       288,124   +      138   +   25,303      290,140 
  Other securities (3)                                          74,856   -      391   +   13,315       74,870 
Securities lent to dealers                                      21,991   +      820   -    3,712       21,072 
  Overnight facility (4)                                        21,991   +      820   -    3,712       21,072 
    U.S. Treasury securities                                    21,991   +      820   -    3,711       21,072 
    Federal agency debt securities                                   0            0   -        1            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, June 13, 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                                           79            90             0             0             0           ...           168 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0       105,886       305,417     1,051,134       296,217       619,344     2,377,998 
  Weekly changes                                 0    +        1    +        2    +       19    +       45    +       60    +      126 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                        -    1,982             0             0             0             0             0    -    1,982 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           143        40,018     1,699,572     1,739,733 
  Weekly changes                                 0             0             0             0    +        3    +    5,137    +    5,140 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                91             0             0             0             0             0            91 
                                                                                                                                       
Reverse repurchase agreements (4)          239,658             0           ...           ...           ...           ...       239,658 
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   
                                                                                                                      Jun 13, 2018  

Mortgage-backed securities held outright (1)                                                                             1,739,733  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,858  
Commitments to sell mortgage-backed securities (2)                                                                              59  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 13, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Assets are
    revalued quarterly.                                                                                 
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 13, 2018   Wednesday    Wednesday  
                                                        consolidation                 Jun 6, 2018 Jun 14, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,771   +        6   -       43  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,257,225   +    3,228   -  150,605  
    Securities held outright (1)                                          4,120,141   +    3,285   -  135,428  
      U.S. Treasury securities                                            2,377,998   +      126   -   86,873  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,242,161            0   -   96,055  
        Notes and bonds, inflation-indexed (2)                              114,860            0   +    6,734  
        Inflation compensation (3)                                           20,977   +      126   +    2,449  
      Federal agency debt securities (2)                                      2,409   -    1,982   -    5,688  
      Mortgage-backed securities (4)                                      1,739,733   +    5,140   -   42,868  
    Unamortized premiums on securities held outright  
    (5)                                                                     150,901   -      126   -   16,080  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,985   +       21   +      813  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       168   +       49   +       91  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +        4  
  Items in process of collection                                   (0)           98   +       19   +       33  
  Bank premises                                                               2,188   +        1   -        9  
  Central bank liquidity swaps (8)                                               91   +       21   +       55  
  Foreign currency denominated assets (9)                                    21,302   -       25   +      433  
  Other assets (10)                                                          24,281   +    2,465   -    1,231  
                                                                                                               
Total assets                                                       (0)    4,324,906   +    5,715   -  151,363  

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       Jun 13, 2018   Wednesday    Wednesday  
                                                        consolidation                 Jun 6, 2018 Jun 14, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,614,115   -      652   +  105,554 
  Reverse repurchase agreements (11)                                         239,658   -   20,935   -  166,412 
  Deposits                                                          (0)    2,424,807   +   26,962   -   87,638 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,063,038   +   31,073   -  168,166 
    U.S. Treasury, General Account                                           282,968   -    6,486   +  119,027 
    Foreign official                                                           5,255   -        5   +        3 
    Other (12)                                                      (0)       73,546   +    2,380   -   38,501 
  Deferred availability cash items                                  (0)          314   +        4   -      430 
  Other liabilities and accrued dividends (13)                                 6,436   +      227   -    1,173 
                                                                                                               
Total liabilities                                                   (0)    4,285,331   +    5,606   -  150,099 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,076   +      109   +    1,236 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,576   +      109   -    1,264 

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, June 13, 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                                             1,771          42          48          173         114         251         182         290          25          48         103         190         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,257,225      81,305   2,350,226      107,482     120,689     251,916     255,581     228,024      56,712      35,562      67,018     176,028     526,682
    Securities held outright (1)               4,120,141      78,690   2,274,637      104,025     116,807     243,814     247,319     220,666      54,853      34,383      64,861     170,367     509,720
      U.S. Treasury securities                 2,377,998      45,417   1,312,839       60,039      67,417     140,721     142,744     127,360      31,659      19,844      37,435      98,330     294,192
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,377,998      45,417   1,312,839       60,039      67,417     140,721     142,744     127,360      31,659      19,844      37,435      98,330     294,192
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,739,733      33,227     960,468       43,925      49,322     102,951     104,431      93,176      23,162      14,518      27,388      71,938     215,230
    Unamortized premiums on securities held 
      outright (5)                               150,901       2,882      83,309        3,810       4,278       8,930       9,058       8,082       2,009       1,259       2,376       6,240      18,669
    Unamortized discounts on securities     
      held outright (5)                          -13,985        -267      -7,721         -353        -396        -828        -839        -749        -186        -117        -220        -578      -1,730
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            168           0           0            0           0           0          44          25          37          37           2           0          24
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      98           0           0            0           0           0          97           0           0           0           0           0           0
  Bank premises                                    2,188         110         443           74         119         197         202         199         107          95         234         220         190
  Central bank liquidity swaps (8)                    91           4          29            5           7          20           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,302         906       6,716        1,210       1,719       4,601       1,231         903         307          98         211         264       3,135
  Other assets (10)                               24,281         489      12,864          607         694       1,639       1,451       1,271         533         273         443       1,045       2,971
  Interdistrict settlement account                     0  -      323  +   60,047   -    7,412  -    3,985  -      713  +   22,075  -   12,103  -    1,439  -    1,574  -    7,195  -    6,032  -   41,344
                                                                                                                                                                                                         
Total assets                                   4,324,906      83,094   2,437,529      102,699     120,138     259,095     282,971     219,750      56,731      34,791      61,274     172,902     493,931

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, June 13, 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            1,786,435      59,253     605,217      54,044      87,633     125,443     255,466     113,441      52,047      30,413      47,121     138,619     217,739
    Less: Notes held by F.R. Banks               172,320       6,023      42,702       6,635       9,517      14,009      26,559      11,980       5,326       3,170       5,628      15,978      24,793
      Federal Reserve notes, net               1,614,115      53,230     562,515      47,409      78,116     111,433     228,907     101,461      46,721      27,243      41,493     122,641     192,946
  Reverse repurchase agreements (11)             239,658       4,577     132,310       6,051       6,794      14,182      14,386      12,836       3,191       2,000       3,773       9,910      29,649
  Deposits                                     2,424,807      23,412   1,727,435      46,695      31,795     124,323      36,830     103,397       6,046       4,989      15,443      39,546     264,894
    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                           2,063,038      23,381   1,417,533      46,692      31,728     123,846      36,793      52,357       6,041       4,938      15,425      39,416     264,886
    U.S. Treasury, General Account               282,968           0     282,968           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,255           2       5,227           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    73,546          29      21,707           1          64         469          34      51,038           5          51          18         130           2
  Deferred availability cash items                   314           0           0           0           0           0         101           0           0         213           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,521          28         780          37          49          85         120          81          25          15          37          78         185
  Other liabilities and accrued             
     dividends                                     4,915         185       1,915         213         225         566         354         322         151         151         146         239         448
                                                                                                                                                                                                        
Total liabilities                              4,285,331      81,432   2,424,955     100,404     116,981     250,590     280,699     218,096      56,134      34,611      60,892     172,414     488,122
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,076       1,343      10,210       1,868       2,552       6,885       1,838       1,337         488         145         308         396       4,705
  Surplus                                          7,500         319       2,364         426         605       1,620         433         318         108          34          74          93       1,104
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,324,906      83,094   2,437,529     102,699     120,138     259,095     282,971     219,750      56,731      34,791      61,274     172,902     493,931

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, June 13, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 billion surplus.                                                                           
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 13, 2018  

Federal Reserve notes outstanding                                                            1,786,435  
  Less: Notes held by F.R. Banks not subject to collateralization                              172,320  
    Federal Reserve notes to be collateralized                                               1,614,115  
Collateral held against Federal Reserve notes                                                1,614,115  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,597,879  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,120,141  
  Less: Face value of securities under reverse repurchase agreements                           233,727  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,886,413  

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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