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Release Date: October 18, 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                                                 October 18, 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  Oct 17, 2018 
Federal Reserve Banks                                     Oct 17, 2018 Oct 10, 2018 Oct 18, 2017              

Reserve Bank credit                                         4,139,218   +    2,214   -  293,353    4,136,254  
  Securities held outright (1)                              3,979,407   +      998   -  272,940    3,976,763  
    U.S. Treasury securities                                2,294,238   +       16   -  171,371    2,294,245  
      Bills (2)                                                   100            0   +      100          100  
      Notes and bonds, nominal (2)                          2,156,595            0   -  180,731    2,156,595  
      Notes and bonds, inflation-indexed (2)                  115,579            0   +    6,167      115,579  
      Inflation compensation (3)                               21,964   +       16   +    3,093       21,971  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,682,760   +      982   -   97,221    1,680,109  
  Unamortized premiums on securities held outright (5)        144,312   -      245   -   17,898      144,137  
  Unamortized discounts on securities held outright (5)       -13,613   +       25   +      765      -13,602  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           192   -       25   +       27          209  
    Primary credit                                                  8   +        5   +        3           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               184   -       30   +       25          199  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     7            0   -    1,699            7  
  Float                                                          -230   -       30   +       47         -173  
  Central bank liquidity swaps (8)                                 89   -        1   +       54           89  
  Other Federal Reserve assets (9)                             29,054   +    1,492   -    1,709       28,824  
Foreign currency denominated assets (10)                       20,929   +      162   -      288       20,889  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,801   +       14   +      590       49,801  
                                                                                                              
Total factors supplying reserve funds                       4,226,189   +    2,390   -  293,052    4,223,185  

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  Oct 17, 2018 
Federal Reserve Banks                                     Oct 17, 2018 Oct 10, 2018 Oct 18, 2017              

Currency in circulation (11)                                 1,691,232   -      682   +  106,883    1,691,479 
Reverse repurchase agreements (12)                             219,254   -    4,036   -  107,520      220,377 
  Foreign official and international accounts                  218,411   -    2,835   -    9,239      220,203 
  Others                                                           843   -    1,201   -   98,281          174 
Treasury cash holdings                                             227   +        6   +       13          230 
Deposits with F.R. Banks, other than reserve balances          416,922   +   18,707   +  139,180      435,098 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               332,923   +    8,202   +  153,949      360,638 
  Foreign official                                               5,256   -        1   +       89        5,256 
  Other (13)                                                    78,743   +   10,505   -   14,858       69,204 
Other liabilities and capital (14)                              45,020   -       75   -    3,850       44,383 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,372,655   +   13,921   +  134,708    2,391,567 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,853,533   -   11,532   -  427,761    1,831,618 

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  Oct 17, 2018 
                                                          Oct 17, 2018 Oct 10, 2018 Oct 18, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,433,377   -   11,032   +   68,274    3,433,740 
  Marketable U.S. Treasury securities (1)                    3,058,815   -   10,702   +   21,590    3,059,426 
  Federal agency debt and mortgage-backed securities (2)       307,576   +      663   +   44,223      307,606 
  Other securities (3)                                          66,986   -      993   +    2,461       66,708 
Securities lent to dealers                                      16,978   -    1,462   -    6,758       15,522 
  Overnight facility (4)                                        16,978   -    1,462   -    6,758       15,522 
    U.S. Treasury securities                                    16,978   -    1,462   -    6,758       15,522 
    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, October 17, 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                                          190            19             0             0             0           ...           209 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,833        79,615       308,510       999,357       265,775       617,154     2,294,245 
  Weekly changes                        +   23,807    -   21,722    -    2,085    +        2    +        6    +        8    +       18 
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             2           194        49,483     1,630,429     1,680,109 
  Weekly changes                                 0             0    +        1    +       10    -       98    -    1,583    -    1,669 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                89             0             0             0             0             0            89 
                                                                                                                                       
Reverse repurchase agreements (4)          220,377             0           ...           ...           ...           ...       220,377 
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   
                                                                                                                      Oct 17, 2018  

Mortgage-backed securities held outright (1)                                                                             1,680,109  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            4,281  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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   
                                                                                                                      Oct 17, 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.         
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       Oct 17, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 10, 2018 Oct 18, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,747   -        7   -       99  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,107,507   -    1,960   -  290,675  
    Securities held outright (1)                                          3,976,763   -    1,652   -  273,580  
      U.S. Treasury securities                                            2,294,245   +       18   -  171,396  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,156,595            0   -  180,731  
        Notes and bonds, inflation-indexed (2)                              115,579            0   +    6,167  
        Inflation compensation (3)                                           21,971   +       18   +    3,068  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,680,109   -    1,669   -   97,836  
    Unamortized premiums on securities held outright  
    (5)                                                                     144,137   -      355   -   17,908  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,602   +       27   +      763  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       209   +       20   +       49  
  Net portfolio holdings of Maiden Lane LLC (7)                                   7            0   -    1,698  
  Items in process of collection                                   (0)          146   -       36   +       89  
  Bank premises                                                               2,186   +        6   -       11  
  Central bank liquidity swaps (8)                                               89   -        1   +       54  
  Foreign currency denominated assets (9)                                    20,889   +       35   -      230  
  Other assets (10)                                                          26,638   +      502   -    1,707  
                                                                                                               
Total assets                                                       (0)    4,175,446   -    1,460   -  294,277  

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       Oct 17, 2018   Wednesday    Wednesday  
                                                        consolidation                Oct 10, 2018 Oct 18, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,643,651   -    1,514   +  105,596 
  Reverse repurchase agreements (11)                                         220,377   +    3,084   -  127,920 
  Deposits                                                          (0)    2,266,717   -    2,087   -  268,912 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,831,618   -   47,269   -  423,486 
    U.S. Treasury, General Account                                           360,638   +   51,769   +  164,532 
    Foreign official                                                           5,256   -        2   +       91 
    Other (12)                                                      (0)       69,204   -    6,586   -   10,050 
  Deferred availability cash items                                  (0)          319   -       15   -      175 
  Other liabilities and accrued dividends (13)                                 5,246   -      936   -      780 
                                                                                                               
Total liabilities                                                   (0)    4,136,309   -    1,469   -  292,193 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,312   +        9   +    1,092 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,137   +        9   -    2,083 

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, October 17, 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                                             1,747          46          38          158         119         243         182         291          30          43         107         199         292
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,107,507      78,446   2,267,551      103,701     116,443     243,055     246,566     219,991      54,776      34,342      64,669     169,836     508,131
    Securities held outright (1)               3,976,763      75,952   2,195,481      100,405     112,743     235,329     238,712     212,987      52,944      33,186      62,604     164,438     491,982
      U.S. Treasury securities                 2,294,245      43,818   1,266,601       57,925      65,043     135,765     137,716     122,875      30,544      19,145      36,117      94,867     283,830
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,294,145      43,816   1,266,546       57,922      65,040     135,759     137,710     122,869      30,543      19,145      36,115      94,862     283,818
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,680,109      32,088     927,550       42,419      47,632      99,422     100,852      89,983      22,368      14,020      26,449      69,472     207,853
    Unamortized premiums on securities held 
      outright (5)                               144,137       2,753      79,575        3,639       4,086       8,529       8,652       7,720       1,919       1,203       2,269       5,960      17,832
    Unamortized discounts on securities     
      held outright (5)                          -13,602        -260      -7,509         -343        -386        -805        -816        -728        -181        -114        -214        -562      -1,683
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            209           0           4            0           0           1          19          13          95          67          11           0           0
  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                     146           0           0            0           0           0         145           0           0           0           0           0           0
  Bank premises                                    2,186         108         446           79         117         195         205         196         106          95         233         219         187
  Central bank liquidity swaps (8)                    89           4          28            5           7          19           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,889         889       6,586        1,186       1,686       4,512       1,207         885         301          96         207         259       3,074
  Other assets (10)                               26,638         547      14,256          668         768       1,777       1,598       1,400         431         262         487       1,180       3,264
  Interdistrict settlement account                     0  +      419  +    2,386   -    6,645  +    6,172  -   10,483  +   30,675  -    1,778  +    3,123  -      252  -    3,454  +    5,790  -   25,952
                                                                                                                                                                                                         
Total assets                                   4,175,446      81,018   2,296,742       99,713     126,092     240,503     282,730     222,152      59,253      34,876      62,710     178,670     490,988

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, October 17, 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            1,841,866      58,416     613,919      54,617      88,384     125,746     263,425     120,358      55,564      30,451      49,661     150,021     231,304
    Less: Notes held by F.R. Banks               198,215       6,212      54,270       7,383       9,743      14,081      31,056      13,189       5,665       3,122       5,805      17,680      30,009
      Federal Reserve notes, net               1,643,651      52,204     559,648      47,234      78,641     111,665     232,369     107,169      49,899      27,329      43,856     132,341     201,295
  Reverse repurchase agreements (11)             220,377       4,209     121,665       5,564       6,248      13,041      13,229      11,803       2,934       1,839       3,469       9,113      27,264
  Deposits                                     2,266,717      22,774   1,600,966      44,434      37,835     106,862      34,335     101,207       5,674       5,188      14,831      36,469     256,141
    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                           1,831,618      22,743   1,211,336      44,431      37,798     106,171      34,299      56,748       5,667       5,121      14,817      36,359     256,128
    U.S. Treasury, General Account               360,638           0     360,638           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,256           2       5,228           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    69,204          30      23,763           1          34         682          34      44,457           7          67          14         109           7
  Deferred availability cash items                   319           0           0           0           0           0         133           0           0         186           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,109          24         547          29          36          68          98          57          22          12          22          63         131
  Other liabilities and accrued             
     dividends                                     4,137         173       1,475         195         204         503         311         279         135         144         153         203         361
                                                                                                                                                                                                        
Total liabilities                              4,136,309      79,385   2,284,302      97,457     122,965     232,139     280,474     220,515      58,664      34,699      62,331     178,188     485,192
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,312       1,343      10,288       1,868       2,576       6,890       1,862       1,348         490         146         311         398       4,791
  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                  4,175,446      81,018   2,296,742      99,713     126,092     240,503     282,730     222,152      59,253      34,876      62,710     178,670     490,988

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, October 17, 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   
                                                                                          Oct 17, 2018  

Federal Reserve notes outstanding                                                            1,841,866  
  Less: Notes held by F.R. Banks not subject to collateralization                              198,215  
    Federal Reserve notes to be collateralized                                               1,643,651  
Collateral held against Federal Reserve notes                                                1,643,651  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,627,414  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,976,763  
  Less: Face value of securities under reverse repurchase agreements                           221,617  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,755,146  

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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