Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 22, 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                                                February 22, 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  Feb 21, 2018 
Federal Reserve Banks                                     Feb 21, 2018 Feb 14, 2018 Feb 22, 2017              

Reserve Bank credit                                         4,369,153   -   15,920   -   54,525    4,371,074  
  Securities held outright (1)                              4,203,713   -      789   -   40,289    4,205,755  
    U.S. Treasury securities                                2,432,071   -    4,109   -   31,382    2,432,066  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,303,503   -    4,088   -   37,879    2,303,503  
      Notes and bonds, inflation-indexed (2)                  109,413            0   +    4,483      109,413  
      Inflation compensation (3)                               19,155   -       20   +    2,015       19,149  
    Federal agency debt securities (2)                          4,391            0   -    8,938        4,391  
    Mortgage-backed securities (4)                          1,767,250   +    3,319   +       30    1,769,298  
  Unamortized premiums on securities held outright (5)        156,705   -      291   -   14,225      156,605  
  Unamortized discounts on securities held outright (5)       -14,114   -       69   +      927      -14,105  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            23   +        5   +       18           33  
    Primary credit                                                  7   +        4   +        6           18  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                16   +        1   +       12           15  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715            0   +       10        1,710  
  Float                                                          -139   +       17   +      156         -179  
  Central bank liquidity swaps (8)                                 67   +        5   -       76           67  
  Other Federal Reserve assets (9)                             21,184   -   14,797   -    1,046       21,187  
Foreign currency denominated assets (10)                       22,309   +      290   +    2,469       22,106  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,479   +       14   +      813       49,479  
                                                                                                              
Total factors supplying reserve funds                       4,457,182   -   15,617   -   51,243    4,458,900  

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  Feb 21, 2018 
Federal Reserve Banks                                     Feb 21, 2018 Feb 14, 2018 Feb 22, 2017              

Currency in circulation (11)                                 1,619,357   +    5,691   +  108,191    1,621,652 
Reverse repurchase agreements (12)                             258,502   -    7,651   -  136,168      280,170 
  Foreign official and international accounts                  234,359   +    4,671   -   12,448      234,999 
  Others                                                        24,144   -   12,322   -  123,719       45,171 
Treasury cash holdings                                             281   +        7   +       40          293 
Deposits with F.R. Banks, other than reserve balances          308,082   +   17,310   -    7,349      294,575 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               214,677   +   16,996   -   43,615      208,817 
  Foreign official                                               5,254   -        2   +       88        5,255 
  Other (13)                                                    88,151   +      316   +   36,178       80,502 
Other liabilities and capital (14)                              47,580   -      425   -      316       46,870 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,233,802   +   14,932   -   35,601    2,243,561 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,223,380   -   30,549   -   15,642    2,215,339 

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  Feb 21, 2018 
                                                          Feb 21, 2018 Feb 14, 2018 Feb 22, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,412,451   +   13,785   +  231,011    3,415,692 
  Marketable U.S. Treasury securities (1)                    3,069,702   +   12,754   +  219,549    3,072,404 
  Federal agency debt and mortgage-backed securities (2)       262,106   -      417   -    6,191      262,647 
  Other securities (3)                                          80,643   +    1,448   +   17,653       80,641 
Securities lent to dealers                                      26,890   -    1,565   +    6,791       26,512 
  Overnight facility (4)                                        26,890   -    1,565   +    6,791       26,512 
    U.S. Treasury securities                                    26,890   -    1,565   +    6,840       26,512 
    Federal agency debt securities                                   0   -        1   -       49            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, February 21, 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                                           33             0             0             0             0           ...            33 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  32,047        92,002       314,372     1,069,165       300,215       624,265     2,432,066 
  Weekly changes                        -   16,563             0    +   43,523    -   38,612    +    4,531    +    3,013    -    4,107 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           176        36,716     1,732,405     1,769,298 
  Weekly changes                                 0             0             0    -        1    -      112    -    2,515    -    2,629 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                67             0             0             0             0             0            67 
                                                                                                                                       
Reverse repurchase agreements (4)          280,170             0           ...           ...           ...           ...       280,170 
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   
                                                                                                                      Feb 21, 2018  

Mortgage-backed securities held outright (1)                                                                             1,769,298  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           10,746  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 21, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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       Feb 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Feb 14, 2018 Feb 22, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,934   -       20   -       33  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,348,288   -    7,279   -   58,136  
    Securities held outright (1)                                          4,205,755   -    6,736   -   44,651  
      U.S. Treasury securities                                            2,432,066   -    4,107   -   31,390  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,303,503   -    4,088   -   37,879  
        Notes and bonds, inflation-indexed (2)                              109,413            0   +    4,483  
        Inflation compensation (3)                                           19,149   -       19   +    2,005  
      Federal agency debt securities (2)                                      4,391            0   -    8,938  
      Mortgage-backed securities (4)                                      1,769,298   -    2,629   -    4,323  
    Unamortized premiums on securities held outright  
    (5)                                                                     156,605   -      490   -   14,441  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,105   -       69   +      926  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        33   +       16   +       30  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710   -        5   +        5  
  Items in process of collection                                   (0)          130   +       30   +        3  
  Bank premises                                                               2,203   +        1   +        1  
  Central bank liquidity swaps (8)                                               67   +        5   -       76  
  Foreign currency denominated assets (9)                                    22,106   -      142   +    2,345  
  Other assets (10)                                                          18,984   -   15,792   -    1,153  
                                                                                                               
Total assets                                                       (0)    4,411,660   -   23,203   -   57,042  

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       Feb 21, 2018   Wednesday    Wednesday  
                                                        consolidation                Feb 14, 2018 Feb 22, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,574,396   +    5,359   +  108,307 
  Reverse repurchase agreements (11)                                         280,170   +   11,770   -  145,359 
  Deposits                                                          (0)    2,509,914   -   39,331   -   19,207 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,215,339   -   40,628   -   27,817 
    U.S. Treasury, General Account                                           208,817   +   27,972   -   19,354 
    Foreign official                                                           5,255   +        1   +       90 
    Other (12)                                                      (0)       80,502   -   26,676   +   27,874 
  Deferred availability cash items                                  (0)          309   +       86   -      440 
  Other liabilities and accrued dividends (13)                                 5,290   -    1,095   -    1,394 
                                                                                                               
Total liabilities                                                   (0)    4,370,079   -   23,211   -   58,092 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,581   +        8   +    1,050 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,581   +        8   +    1,050 

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, February 21, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,934          56          49          194         132         278         196         308          39          52         114         205         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,348,288      84,720   2,448,467      112,270     126,095     254,767     255,955     182,908      57,983      33,905      61,668     174,074     555,475
    Securities held outright (1)               4,205,755      81,944   2,368,226      108,591     121,963     246,418     247,566     176,889      56,083      32,790      59,647     168,369     537,269
      U.S. Treasury securities                 2,432,066      47,386   1,369,476       62,795      70,528     142,496     143,160     102,290      32,431      18,962      34,492      97,363     310,687
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,432,066      47,386   1,369,476       62,795      70,528     142,496     143,160     102,290      32,431      18,962      34,492      97,363     310,687
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,769,298      34,472     996,277       45,683      51,308     103,664     104,147      74,414      23,593      13,794      25,093      70,830     226,021
    Unamortized premiums on securities held 
      outright (5)                               156,605       3,051      88,183        4,043       4,541       9,176       9,218       6,587       2,088       1,221       2,221       6,269      20,006
    Unamortized discounts on securities     
      held outright (5)                          -14,105        -275      -7,942         -364        -409        -826        -830        -593        -188        -110        -200        -565      -1,802
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             33           0           0            0           0           0           1          26           0           4           0           0           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     130           0           0            0           0           0         129           0           0           1           0           0           0
  Bank premises                                    2,203         113         446           73         121         198         204         203         109          87         236         221         192
  Central bank liquidity swaps (8)                    67           3          21            4           5          14           4           3           1           0           1           1          10
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   22,106         958       7,080        1,188       1,801       4,777       1,289         925         242          93         215         283       3,255
  Other assets (10)                               18,984         400      10,088          482         550       1,311       1,123         790         524         159         328         847       2,380
  Interdistrict settlement account                     0  -    7,426  +   18,628   -    5,938  -    9,285  -    8,682  +    9,054  +   43,724  -    2,418  +    1,311  +    7,110  -    4,271  -   41,807
                                                                                                                                                                                                         
Total assets                                   4,411,660      79,370   2,491,899      108,832     120,210     253,852     270,129     230,023      56,970      35,889      70,117     172,556     521,812

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, February 21, 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            1,762,293      56,932     598,298      54,004      83,499     118,975     243,500     115,057      52,314      30,860      47,597     140,160     221,097
    Less: Notes held by F.R. Banks               187,897       7,107      48,146       6,976      10,060      15,260      26,229      13,134       5,747       3,696       6,285      18,348      26,907
      Federal Reserve notes, net               1,574,396      49,825     550,152      47,028      73,438     103,715     217,272     101,923      46,566      27,164      41,312     121,812     194,189
  Reverse repurchase agreements (11)             280,170       5,459     157,762       7,234       8,125      16,415      16,492      11,784       3,736       2,184       3,973      11,216      35,791
  Deposits                                     2,509,914      22,142   1,768,755      51,930      35,079     124,188      33,464     114,239       5,902       5,999      24,269      38,745     285,202
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,215,339      22,135   1,533,621      51,928      35,076     123,970      33,455      55,058       5,895       5,999      24,267      38,742     285,195
    U.S. Treasury, General Account               208,817           0     208,817           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,255           2       5,228           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    80,502           6      21,089           0           0         209           7      59,180           7           0           2           2           1
  Deferred availability cash items                   309           0           0           0           0           0         108           0           0         201           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   933          16         506          20          28          30          83          30          20           9          17          56         118
  Other liabilities and accrued             
     dividends                                     4,357         169       1,674         191         198         487         325         292         132         140         136         220         394
                                                                                                                                                                                                        
Total liabilities                              4,370,079      77,610   2,478,848     106,403     116,868     244,835     267,743     228,267      56,356      35,698      69,707     172,050     515,694
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,581       1,335       9,899       1,861       2,535       6,856       1,808       1,332         470         145         310         383       4,645
  Surplus                                         10,000         426       3,152         568         807       2,160         578         424         144          46          99         124       1,472
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,411,660      79,370   2,491,899     108,832     120,210     253,852     270,129     230,023      56,970      35,889      70,117     172,556     521,812

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, February 21, 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 $10 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   
                                                                                          Feb 21, 2018  

Federal Reserve notes outstanding                                                            1,762,293  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,897  
    Federal Reserve notes to be collateralized                                               1,574,396  
Collateral held against Federal Reserve notes                                                1,574,396  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,558,159  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,205,755  
  Less: Face value of securities under reverse repurchase agreements                           281,683  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,924,072  

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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