Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: September 27, 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                                               September 27, 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  Sep 26, 2018 
Federal Reserve Banks                                     Sep 26, 2018 Sep 19, 2018 Sep 27, 2017              

Reserve Bank credit                                         4,161,375   -   11,860   -  262,398    4,153,289  
  Securities held outright (1)                              4,004,300   -    9,835   -  242,895    3,997,380  
    U.S. Treasury securities                                2,313,207   +        2   -  152,227    2,313,208  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,175,602            0   -  161,724    2,175,602  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,167      115,579  
      Inflation compensation (3)                               21,927   +        2   +    3,231       21,928  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,688,684   -    9,836   -   86,320    1,681,763  
  Unamortized premiums on securities held outright (5)        145,265   -      621   -   17,597      144,968  
  Unamortized discounts on securities held outright (5)       -13,700   +       32   +      761      -13,688  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           347   +       43   +      114          359  
    Primary credit                                                 56   +       16   +       49           64  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               292   +       28   +       66          295  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7   -    1,223   -    1,701            7  
  Float                                                          -170   -        9   +      137         -399  
  Central bank liquidity swaps (8)                                 90   -       10   +       53           90  
  Other Federal Reserve assets (9)                             25,236   -      236   -    1,270       24,572  
Foreign currency denominated assets (10)                       21,086   +       42   -      220       21,077  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,785   +       14   +      628       49,785  
                                                                                                              
Total factors supplying reserve funds                       4,248,487   -   11,804   -  261,990    4,240,392  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 26, 2018 
Federal Reserve Banks                                     Sep 26, 2018 Sep 19, 2018 Sep 27, 2017              

Currency in circulation (11)                                 1,684,591   -      589   +  105,645    1,686,023 
Reverse repurchase agreements (12)                             235,244   +    3,964   -  172,439      229,759 
  Foreign official and international accounts                  222,577   -    5,063   -   16,941      224,134 
  Others                                                        12,667   +    9,027   -  155,498        5,625 
Treasury cash holdings                                             212   +        4   +       25          214 
Deposits with F.R. Banks, other than reserve balances          450,804   +   31,753   +  187,765      441,804 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               370,031   +   34,153   +  205,379      367,243 
  Foreign official                                               5,256            0   +       61        5,255 
  Other (13)                                                    75,517   -    2,400   -   17,675       69,306 
Other liabilities and capital (14)                              45,137   +      462   -    2,776       44,717 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,415,987   +   35,592   +  118,219    2,402,518 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,832,500   -   47,396   -  380,209    1,837,874 

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  Sep 26, 2018 
                                                          Sep 26, 2018 Sep 19, 2018 Sep 27, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,438,549   +   12,473   +   66,684    3,436,081 
  Marketable U.S. Treasury securities (1)                    3,063,876   +   12,303   +   17,453    3,062,390 
  Federal agency debt and mortgage-backed securities (2)       305,742   +      302   +   43,540      305,625 
  Other securities (3)                                          68,930   -      132   +    5,689       68,066 
Securities lent to dealers                                      18,866   +    3,022   -    5,413       17,672 
  Overnight facility (4)                                        18,866   +    3,022   -    5,413       17,672 
    U.S. Treasury securities                                    18,866   +    3,022   -    5,413       17,672 
    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, September 26, 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                                          346            13             0             0             0           ...           359 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  19,033        83,128       315,819     1,010,629       267,467       617,133     2,313,208 
  Weekly changes                        +       26    -       26             0             0    +        1    +        1    +        2 
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             1           156        43,631     1,637,976     1,681,763 
  Weekly changes                                 0             0             0    +        2    -      781    -   12,680    -   13,460 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                90             0             0             0             0             0            90 
                                                                                                                                       
Reverse repurchase agreements (4)          229,759             0           ...           ...           ...           ...       229,759 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 26, 2018  

Mortgage-backed securities held outright (1)                                                                             1,681,763  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            4,350  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   50  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 26, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                    7  
                                                                                                                                    
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       Sep 26, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 19, 2018 Sep 27, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,766   +        2   -       83  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,129,019   -   14,235   -  259,663  
    Securities held outright (1)                                          3,997,380   -   13,458   -  242,964  
      U.S. Treasury securities                                            2,313,208   +        2   -  152,219  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,175,602            0   -  161,724  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,928   +        3   +    3,239  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,681,763   -   13,460   -   86,397  
    Unamortized premiums on securities held outright  
    (5)                                                                     144,968   -      726   -   17,585  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,688   +       32   +      760  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       359   -       83   +      126  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,700  
  Items in process of collection                                   (0)          141   +        7   +       79  
  Bank premises                                                               2,189   +        7   -        8  
  Central bank liquidity swaps (8)                                               90   -       10   +       53  
  Foreign currency denominated assets (9)                                    21,077   +       28   -       26  
  Other assets (10)                                                          22,383   -      949   -    1,404  
                                                                                                               
Total assets                                                       (0)    4,192,909   -   15,150   -  262,752  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Sep 26, 2018   Wednesday    Wednesday  
                                                        consolidation                Sep 19, 2018 Sep 27, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,638,215   +      256   +  105,091 
  Reverse repurchase agreements (11)                                         229,759   -    4,577   -  225,314 
  Deposits                                                          (0)    2,279,678   -   11,556   -  139,809 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,837,874   +   15,156   -  340,967 
    U.S. Treasury, General Account                                           367,243   -   32,276   +  212,084 
    Foreign official                                                           5,255   -        1   -      115 
    Other (12)                                                      (0)       69,306   +    5,565   -   10,811 
  Deferred availability cash items                                  (0)          540   +      260   -      199 
  Other liabilities and accrued dividends (13)                                 5,619   +      427   -      433 
                                                                                                               
Total liabilities                                                   (0)    4,153,811   -   15,191   -  260,665 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,273   +       42   +    1,087 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,098   +       42   -    2,088 

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, September 26, 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                                             1,766          45          43          160         120         243         190         293          30          44         107         201         289
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,129,019      78,855   2,279,340      104,240     117,049     244,318     247,848     221,201      55,112      34,553      65,004     170,720     510,778
    Securities held outright (1)               3,997,380      76,346   2,206,864      100,925     113,327     236,550     239,950     214,091      53,218      33,358      62,928     165,291     494,532
      U.S. Treasury securities                 2,313,208      44,180   1,277,070       58,404      65,580     136,887     138,854     123,890      30,796      19,304      36,415      95,651     286,177
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,313,108      44,178   1,277,015       58,401      65,577     136,881     138,848     123,885      30,795      19,303      36,414      95,647     286,164
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,681,763      32,120     928,464       42,461      47,679      99,520     100,951      90,072      22,390      14,034      26,475      69,541     208,058
    Unamortized premiums on securities held 
      outright (5)                               144,968       2,769      80,034        3,660       4,110       8,579       8,702       7,764       1,930       1,210       2,282       5,994      17,935
    Unamortized discounts on securities     
      held outright (5)                          -13,688        -261      -7,557         -346        -388        -810        -822        -733        -182        -114        -215        -566      -1,693
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            359           2           0            0           0           0          18          79         145          99           9           1           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      7           0           7            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     141           0           0            0           0           0         141           0           0           0           0           0           0
  Bank premises                                    2,189         109         449           77         117         194         205         196         106          95         233         219         188
  Central bank liquidity swaps (8)                    90           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,077         897       6,645        1,197       1,701       4,553       1,218         893         304          97         209         261       3,102
  Other assets (10)                               22,383         461      11,907          561         644       1,518       1,341       1,180         357         232         415       1,026       2,743
  Interdistrict settlement account                     0  -    4,884  +   31,013   -    5,705  +    2,844  +    7,337  +   30,955  -    7,489  +    1,336  -      413  -    7,007  +    2,787  -   50,774
                                                                                                                                                                                                         
Total assets                                   4,192,909      76,048   2,334,877      101,095     123,264     259,368     284,047     217,441      57,731      34,896      59,423     176,401     468,319

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, September 26, 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            1,829,660      58,442     609,373      54,675      87,775     125,592     263,729     120,067      55,351      30,397      48,898     149,952     225,408
    Less: Notes held by F.R. Banks               191,445       6,280      50,404       7,240       9,309      13,807      29,269      13,101       5,670       3,118       5,761      17,748      29,737
      Federal Reserve notes, net               1,638,215      52,161     558,969      47,435      78,467     111,784     234,460     106,966      49,681      27,279      43,137     132,204     195,670
  Reverse repurchase agreements (11)             229,759       4,388     126,845       5,801       6,514      13,596      13,792      12,305       3,059       1,917       3,617       9,500      28,424
  Deposits                                     2,279,678      17,666   1,634,368      45,373      34,913     124,989      33,032      96,170       4,261       4,955      12,125      33,942     237,884
    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                           1,837,874      17,635   1,240,978      45,371      34,850     124,609      32,997      48,483       4,254       4,904      12,109      33,805     237,877
    U.S. Treasury, General Account               367,243           0     367,243           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)                                    69,306          29      20,918           1          60         371          33      47,686           6          50          15         136           1
  Deferred availability cash items                   540           0           0           0           0           0         128           0           0         412           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   832          17         394          19          29          79          73          43           4           8          16          47         103
  Other liabilities and accrued             
     dividends                                     4,787         182       1,861         211         213         557         332         322         139         148         152         223         448
                                                                                                                                                                                                        
Total liabilities                              4,153,811      74,414   2,322,437      98,839     120,136     251,005     281,816     215,807      57,143      34,720      59,047     175,917     462,530
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,273       1,343      10,288       1,868       2,577       6,888       1,837       1,345         489         145         308         400       4,785
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,192,909      76,048   2,334,877     101,095     123,264     259,368     284,047     217,441      57,731      34,896      59,423     176,401     468,319

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, September 26, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Sep 26, 2018  

Federal Reserve notes outstanding                                                            1,829,660  
  Less: Notes held by F.R. Banks not subject to collateralization                              191,445  
    Federal Reserve notes to be collateralized                                               1,638,215  
Collateral held against Federal Reserve notes                                                1,638,215  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,621,978  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,997,380  
  Less: Face value of securities under reverse repurchase agreements                           231,168  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,766,213  

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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