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Release Date: June 21, 2018
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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 21, 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 20, 2018 
Federal Reserve Banks                                     Jun 20, 2018 Jun 13, 2018 Jun 21, 2017              

Reserve Bank credit                                         4,279,498   -    2,135   -  150,748    4,276,580  
  Securities held outright (1)                              4,114,537   -    2,851   -  134,846    4,112,021  
    U.S. Treasury securities                                2,378,078   +      126   -   86,848    2,378,124  
      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)                               21,057   +      126   +    2,474       21,103  
    Federal agency debt securities (2)                          2,409   -    1,699   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,734,050   -    1,278   -   42,310    1,731,488  
  Unamortized premiums on securities held outright (5)        150,557   -      359   -   16,056      150,291  
  Unamortized discounts on securities held outright (5)       -13,965   +       24   +      811      -13,954  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           135   +       12   +       34          162  
    Primary credit                                                  8   -        9   -       10           21  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               127   +       21   +       44          141  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +        4        1,713  
  Float                                                          -160   +       19   +      103          -99  
  Central bank liquidity swaps (8)                                 95   +        4   +       53           95  
  Other Federal Reserve assets (9)                             26,586   +    1,015   -      849       26,351  
Foreign currency denominated assets (10)                       21,111   -      239   +      511       21,113  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,671   +       14   +      713       49,671  
                                                                                                              
Total factors supplying reserve funds                       4,366,521   -    2,360   -  149,524    4,363,606  

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 20, 2018 
Federal Reserve Banks                                     Jun 20, 2018 Jun 13, 2018 Jun 21, 2017              

Currency in circulation (11)                                 1,660,921   -       42   +  106,188    1,661,714 
Reverse repurchase agreements (12)                             248,257   +    4,172   -  160,577      243,725 
  Foreign official and international accounts                  247,596   +    6,833   +    5,181      243,405 
  Others                                                           661   -    2,661   -  165,759          320 
Treasury cash holdings                                             231   -        4   +       29          216 
Deposits with F.R. Banks, other than reserve balances          438,918   +   78,343   +  144,955      459,869 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               352,777   +   71,589   +  140,502      380,090 
  Foreign official                                               5,255            0   +       79        5,255 
  Other (13)                                                    80,885   +    6,753   +    4,373       74,523 
Other liabilities and capital (14)                              46,211   +      457   -    2,282       45,939 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,394,538   +   82,926   +   88,313    2,411,463 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,971,983   -   85,286   -  237,837    1,952,143 

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 20, 2018 
                                                          Jun 20, 2018 Jun 13, 2018 Jun 21, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,403,688   +    2,150   +  113,660    3,400,875 
  Marketable U.S. Treasury securities (1)                    3,041,908   +    3,350   +   75,862    3,040,352 
  Federal agency debt and mortgage-backed securities (2)       289,576   +    1,452   +   27,362      288,683 
  Other securities (3)                                          72,205   -    2,651   +   10,438       71,840 
Securities lent to dealers                                      20,048   -    1,943   -    5,563       19,960 
  Overnight facility (4)                                        20,048   -    1,943   -    5,563       19,960 
    U.S. Treasury securities                                    20,048   -    1,943   -    5,562       19,960 
    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, June 20, 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                                          144            18             0             0             0           ...           162 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  30,454        75,434       305,419     1,051,152       296,261       619,404     2,378,124 
  Weekly changes                        +   30,454    -   30,452    +        2    +       18    +       44    +       60    +      126 
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             0           147        39,881     1,691,459     1,731,488 
  Weekly changes                                 0             0             0    +        4    -      137    -    8,113    -    8,245 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                95             0             0             0             0             0            95 
                                                                                                                                       
Reverse repurchase agreements (4)          243,725             0           ...           ...           ...           ...       243,725 
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 20, 2018  

Mortgage-backed securities held outright (1)                                                                             1,731,488  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,241  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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 20, 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 20, 2018   Wednesday    Wednesday  
                                                        consolidation                Jun 13, 2018 Jun 21, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,776   +        5   -       43  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,248,519   -    8,706   -  157,641  
    Securities held outright (1)                                          4,112,021   -    8,120   -  142,133  
      U.S. Treasury securities                                            2,378,124   +      126   -   86,834  
        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)                                           21,103   +      126   +    2,488  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,731,488   -    8,245   -   49,611  
    Unamortized premiums on securities held outright  
    (5)                                                                     150,291   -      610   -   16,372  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,954   +       31   +      811  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       162   -        6   +       55  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +        4  
  Items in process of collection                                   (0)           91   -        7   +       30  
  Bank premises                                                               2,189   +        1   -        9  
  Central bank liquidity swaps (8)                                               95   +        4   +       53  
  Foreign currency denominated assets (9)                                    21,113   -      189   +      576  
  Other assets (10)                                                          24,163   -      118   -    1,332  
                                                                                                               
Total assets                                                       (0)    4,315,896   -    9,010   -  158,361  

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 20, 2018   Wednesday    Wednesday  
                                                        consolidation                Jun 13, 2018 Jun 21, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,614,030   -       85   +  105,257 
  Reverse repurchase agreements (11)                                         243,725   +    4,067   -  202,511 
  Deposits                                                          (0)    2,412,012   -   12,795   -   58,455 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,952,143   -  110,895   -  212,473 
    U.S. Treasury, General Account                                           380,090   +   97,122   +  154,964 
    Foreign official                                                           5,255            0   +       90 
    Other (12)                                                      (0)       74,523   +      977   -    1,037 
  Deferred availability cash items                                  (0)          189   -      125   -      244 
  Other liabilities and accrued dividends (13)                                 6,363   -       73   -    1,130 
                                                                                                               
Total liabilities                                                   (0)    4,276,319   -    9,012   -  157,082 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,076            0   +    1,220 
  Surplus                                                                      7,500            0   -    2,500 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,576            0   -    1,280 

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 20, 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                                             1,776          39          46          172         116         253         187         291          25          46         104         190         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,248,519      81,139   2,345,423      107,262     120,457     251,401     255,031     227,564      56,607      35,498      66,881     175,669     525,586
    Securities held outright (1)               4,112,021      78,535   2,270,154      103,820     116,577     243,333     246,831     220,231      54,745      34,315      64,733     170,031     508,715
      U.S. Treasury securities                 2,378,124      45,420   1,312,909       60,043      67,421     140,728     142,751     127,367      31,661      19,845      37,437      98,335     294,207
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,378,124      45,420   1,312,909       60,043      67,421     140,728     142,751     127,367      31,661      19,845      37,437      98,335     294,207
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,731,488      33,070     955,916       43,716      49,088     102,463     103,936      92,735      23,052      14,449      27,258      71,597     214,210
    Unamortized premiums on securities held 
      outright (5)                               150,291       2,870      82,972        3,795       4,261       8,894       9,021       8,049       2,001       1,254       2,366       6,214      18,593
    Unamortized discounts on securities     
      held outright (5)                          -13,954        -267      -7,704         -352        -396        -826        -838        -747        -186        -116        -220        -577      -1,726
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            162           0           0            0          15           0          16          31          47          46           2           0           5
  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                      91           0           0            0           0           0          90           0           0           1           0           0           0
  Bank premises                                    2,189         110         443           74         119         197         202         199         107          95         234         220         190
  Central bank liquidity swaps (8)                    95           4          30            5           8          21           6           4           1           0           1           1          14
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,113         898       6,657        1,199       1,704       4,561       1,220         895         305          97         209         261       3,107
  Other assets (10)                               24,163         492      12,796          605         691       1,632       1,444       1,270         531         242         441       1,064       2,955
  Interdistrict settlement account                     0  -      266  +  104,735   -    6,737  -    3,531  -   12,098  +   20,192  -   23,075  -    2,678  -    1,991  -    4,438  -    7,994  -   62,119
                                                                                                                                                                                                         
Total assets                                   4,315,896      82,977   2,477,287      103,140     120,345     247,152     280,516     208,312      55,382      34,277      63,892     170,598     472,018

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 20, 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            1,788,315      59,071     605,096      53,892      87,393     125,154     258,048     113,125      51,926      30,389      47,059     139,151     218,013
    Less: Notes held by F.R. Banks               174,286       5,865      43,421       6,637       9,589      14,153      27,086      11,899       5,358       3,135       5,584      16,080      25,480
      Federal Reserve notes, net               1,614,030      53,206     561,675      47,255      77,804     111,000     230,962     101,226      46,567      27,254      41,475     123,071     192,533
  Reverse repurchase agreements (11)             243,725       4,655     134,555       6,154       6,910      14,423      14,630      13,053       3,245       2,034       3,837      10,078      30,152
  Deposits                                     2,412,012      23,245   1,765,706      47,194      32,218     112,611      32,150      91,971       4,811       4,519      18,035      36,658     242,893
    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                           1,952,143      23,212   1,355,841      47,191      32,156     112,141      32,107      42,817       4,806       4,465      18,017      36,502     242,886
    U.S. Treasury, General Account               380,090           0     380,090           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,255           2       5,228           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    74,523          31      24,547           1          59         461          40      49,153           4          54          18         155           2
  Deferred availability cash items                   189           0           0           0           0           0          58           0           0         132           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   830          12         446          14          22          13          83          51          17          11           9          56          98
  Other liabilities and accrued             
     dividends                                     5,533         198       2,330         229         233         600         362         355         146         148         154         246         532
                                                                                                                                                                                                        
Total liabilities                              4,276,319      81,315   2,464,713     100,846     117,186     238,647     278,244     206,657      54,785      34,097      63,511     170,109     466,209
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,076       1,343      10,210       1,868       2,553       6,885       1,838       1,337         489         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                  4,315,896      82,977   2,477,287     103,140     120,345     247,152     280,516     208,312      55,382      34,277      63,892     170,598     472,018

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 20, 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 20, 2018  

Federal Reserve notes outstanding                                                            1,788,315  
  Less: Notes held by F.R. Banks not subject to collateralization                              174,286  
    Federal Reserve notes to be collateralized                                               1,614,030  
Collateral held against Federal Reserve notes                                                1,614,030  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,597,793  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,112,021  
  Less: Face value of securities under reverse repurchase agreements                           237,976  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,874,044  

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.                                                                                                 




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