Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 19, 2018
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 19, 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  Jul 18, 2018 
Federal Reserve Banks                                     Jul 18, 2018 Jul 11, 2018 Jul 19, 2017              

Reserve Bank credit                                         4,256,267   +    5,411   -  184,168    4,252,263  
  Securities held outright (1)                              4,088,058   +    3,919   -  167,180    4,084,466  
    U.S. Treasury securities                                2,360,214   -      243   -  104,922    2,359,766  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,224,276   +      115   -  113,881    2,224,429  
      Notes and bonds, inflation-indexed (2)                  114,443   -      417   +    6,173      113,886  
      Inflation compensation (3)                               21,496   +       60   +    2,786       21,451  
    Federal agency debt securities (2)                          2,409            0   -    5,688        2,409  
    Mortgage-backed securities (4)                          1,725,435   +    4,162   -   56,570    1,722,291  
  Unamortized premiums on securities held outright (5)        149,164   -      167   -   16,644      148,967  
  Unamortized discounts on securities held outright (5)       -13,890   +       24   +      794      -13,879  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           258   +       64   +       91          224  
    Primary credit                                                 54   +       46   +       46           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               203   +       17   +       44          211  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711            0   +        2        1,711  
  Float                                                          -183   +       52   +      120         -181  
  Central bank liquidity swaps (8)                                 91   -      148   +       50           91  
  Other Federal Reserve assets (9)                             31,059   +    1,667   -    1,399       30,865  
Foreign currency denominated assets (10)                       21,022   -      188   +      198       20,967  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,699   +       14   +      681       49,699  
                                                                                                              
Total factors supplying reserve funds                       4,343,228   +    5,236   -  183,289    4,339,170  

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  Jul 18, 2018 
Federal Reserve Banks                                     Jul 18, 2018 Jul 11, 2018 Jul 19, 2017              

Currency in circulation (11)                                 1,668,699   -    3,505   +  106,781    1,668,409 
Reverse repurchase agreements (12)                             249,739   -   11,513   -  133,741      264,459 
  Foreign official and international accounts                  247,857   -    9,456   +    6,600      258,438 
  Others                                                         1,883   -    2,056   -  140,340        6,021 
Treasury cash holdings                                             196   +        1   +       27          200 
Deposits with F.R. Banks, other than reserve balances          412,351   +   10,522   +  134,361      411,521 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               324,457   -    2,019   +  144,057      335,801 
  Foreign official                                               5,258   +        1   +       90        5,257 
  Other (13)                                                    82,635   +   12,539   -    9,787       70,463 
Other liabilities and capital (14)                              45,125   +      698   -    3,745       44,636 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,376,109   -    3,798   +  103,683    2,389,226 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,967,119   +    9,034   -  286,973    1,949,944 

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  Jul 18, 2018 
                                                          Jul 18, 2018 Jul 11, 2018 Jul 19, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,407,700   +    2,216   +   88,366    3,400,793 
  Marketable U.S. Treasury securities (1)                    3,042,402   +    1,047   +   45,652    3,035,345 
  Federal agency debt and mortgage-backed securities (2)       292,101   +      809   +   31,442      292,107 
  Other securities (3)                                          73,197   +      360   +   11,272       73,341 
Securities lent to dealers                                      17,469   -    3,142   -    5,734       18,286 
  Overnight facility (4)                                        17,469   -    3,142   -    5,734       18,286 
    U.S. Treasury securities                                    17,469   -    3,142   -    5,734       18,286 
    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, July 18, 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                                          169            55             0             0             0           ...           224 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  30,302        63,008       310,067     1,040,534       296,154       619,701     2,359,766 
  Weekly changes                        +   29,169    -   30,302    +    2,186    -    2,024    +      117    +      115    -      738 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           151        41,769     1,680,371     1,722,291 
  Weekly changes                                 0             0             0    +        4    -      116    +    1,129    +    1,016 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                91             0             0             0             0             0            91 
                                                                                                                                       
Reverse repurchase agreements (4)          264,459             0           ...           ...           ...           ...       264,459 
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   
                                                                                                                      Jul 18, 2018  

Mortgage-backed securities held outright (1)                                                                             1,722,291  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            9,681  
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   
                                                                                                                      Jul 18, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,711  
                                                                                                                                    
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       Jul 18, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 11, 2018 Jul 19, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,758   +        8   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,219,778   +       28   -  184,041  
    Securities held outright (1)                                          4,084,466   +      278   -  168,171  
      U.S. Treasury securities                                            2,359,766   -      738   -  105,379  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,224,429   +      268   -  114,458  
        Notes and bonds, inflation-indexed (2)                              113,886   -      974   +    6,235  
        Inflation compensation (3)                                           21,451   -       32   +    2,844  
      Federal agency debt securities (2)                                      2,409            0   -    5,688  
      Mortgage-backed securities (4)                                      1,722,291   +    1,016   -   57,103  
    Unamortized premiums on securities held outright  
    (5)                                                                     148,967   -      298   -   16,666  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,879   +       25   +      790  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       224   +       24   +        6  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,711            0   +        1  
  Items in process of collection                                   (0)          207   +        4   +      139  
  Bank premises                                                               2,185   +        2   -       12  
  Central bank liquidity swaps (8)                                               91   -        5   +       50  
  Foreign currency denominated assets (9)                                    20,967   -      181   +       36  
  Other assets (10)                                                          28,682   +      558   -    1,397  
                                                                                                               
Total assets                                                       (0)    4,291,615   +      414   -  185,288  

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       Jul 18, 2018   Wednesday    Wednesday  
                                                        consolidation                Jul 11, 2018 Jul 19, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,620,664   -    3,721   +  105,804 
  Reverse repurchase agreements (11)                                         264,459   +   15,047   -  128,201 
  Deposits                                                          (0)    2,361,467   -   11,652   -  159,759 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,949,946   -   30,922   -  300,700 
    U.S. Treasury, General Account                                           335,801   +   19,367   +  146,519 
    Foreign official                                                           5,257   +        1   +       93 
    Other (12)                                                      (0)       70,463   -       97   -    5,670 
  Deferred availability cash items                                  (0)          389   +        3   -       62 
  Other liabilities and accrued dividends (13)                                 5,732   +      732   -    1,125 
                                                                                                               
Total liabilities                                                   (0)    4,252,711   +      410   -  183,345 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,080   +        5   +    1,233 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,905   +        5   -    1,942 

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, July 18, 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                                             1,758          35          41          167         114         250         191         289          31          46         106         198         291
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,219,778      80,589   2,329,521      106,535     119,626     249,697     253,301     226,012      56,268      35,291      66,429     174,479     522,029
    Securities held outright (1)               4,084,466      78,009   2,254,942      103,124     115,796     241,703     245,177     218,755      54,378      34,085      64,299     168,892     505,306
      U.S. Treasury securities                 2,359,766      45,069   1,302,774       59,579      66,900     139,642     141,649     126,384      31,416      19,692      37,148      97,576     291,936
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,359,766      45,069   1,302,774       59,579      66,900     139,642     141,649     126,384      31,416      19,692      37,148      97,576     291,936
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,722,291      32,894     950,838       43,484      48,828     101,919     103,384      92,242      22,929      14,372      27,113      71,216     213,072
    Unamortized premiums on securities held 
      outright (5)                               148,967       2,845      82,241        3,761       4,223       8,815       8,942       7,978       1,983       1,243       2,345       6,160      18,429
    Unamortized discounts on securities     
      held outright (5)                          -13,879        -265      -7,663         -350        -393        -821        -833        -743        -185        -116        -218        -574      -1,717
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            224           0           0            0           0           0          15          22          92          79           4           1          11
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,711           0       1,711            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     207           0           0            0           0           0         207           0           0           0           0           0           0
  Bank premises                                    2,185         109         442           75         118         196         203         198         107          95         233         219         189
  Central bank liquidity swaps (8)                    91           4          29            5           7          20           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,967         892       6,611        1,191       1,692       4,529       1,211         889         303          96         208         260       3,086
  Other assets (10)                               28,682         584      15,366          722         827       1,911       1,722       1,514         462         280         521       1,247       3,526
  Interdistrict settlement account                     0  +    4,991  +   63,397   -    4,941  -    4,086  +    5,781  +   25,221  -   12,032  -    1,987  -    1,551  -    8,427  -    3,624  -   62,742
                                                                                                                                                                                                         
Total assets                                   4,291,615      87,765   2,422,562      104,313     119,079     263,569     284,207     218,037      55,669      34,546      59,531     173,966     468,372

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, July 18, 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            1,795,188      58,997     606,042      53,751      87,394     124,955     259,795     113,182      51,787      30,395      46,872     144,513     217,504
    Less: Notes held by F.R. Banks               174,524       5,852      43,937       6,460       9,232      14,089      27,051      11,947       5,281       2,934       5,206      16,548      25,986
      Federal Reserve notes, net               1,620,664      53,146     562,105      47,291      78,163     110,866     232,743     101,235      46,505      27,461      41,665     127,965     191,519
  Reverse repurchase agreements (11)             264,459       5,051     146,002       6,677       7,498      15,650      15,875      14,164       3,521       2,207       4,163      10,935      32,717
  Deposits                                     2,361,467      27,746   1,699,565      47,873      30,092     128,165      32,753     100,646       4,903       4,365      13,172      34,305     237,882
    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                           1,949,946      27,714   1,336,653      47,870      30,035     127,641      32,716      52,923       4,898       4,311      13,158      34,151     237,876
    U.S. Treasury, General Account               335,801           0     335,801           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    70,463          31      21,881           1          54         515          35      47,720           4          53          14         154           1
  Deferred availability cash items                   389           0           0           0           0           0         203           0           0         186           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,060          19         579          21          25          23          96          61          19          10          15          67         126
  Other liabilities and accrued             
     dividends                                     4,671         170       1,950         195         197         506         305         306         130         141         139         214         417
                                                                                                                                                                                                        
Total liabilities                              4,252,711      86,131   2,410,201     102,057     115,974     255,209     281,974     216,412      55,078      34,370      59,156     173,486     462,662
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,080       1,343      10,210       1,868       2,553       6,885       1,838       1,336         492         146         308         395       4,706
  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                  4,291,615      87,765   2,422,562     104,313     119,079     263,569     284,207     218,037      55,669      34,546      59,531     173,966     468,372

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, July 18, 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   
                                                                                          Jul 18, 2018  

Federal Reserve notes outstanding                                                            1,795,188  
  Less: Notes held by F.R. Banks not subject to collateralization                              174,524  
    Federal Reserve notes to be collateralized                                               1,620,664  
Collateral held against Federal Reserve notes                                                1,620,664  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,604,427  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,084,466  
  Less: Face value of securities under reverse repurchase agreements                           261,743  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,822,723  

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.                                                                                                 




Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases