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Release Date: November 16, 2017
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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                                                November 16, 2017


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  Nov 15, 2017 
Federal Reserve Banks                                     Nov 15, 2017  Nov 8, 2017 Nov 16, 2016              

Reserve Bank credit                                         4,422,732   +    4,547   +    2,945    4,408,688  
  Securities held outright (1)                              4,241,334   +    4,020   +   16,521    4,239,252  
    U.S. Treasury securities                                2,459,585   -      342   -    4,116    2,456,641  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,330,701   -      500   -    9,973    2,327,698  
      Notes and bonds, inflation-indexed (2)                  109,537            0   +    4,011      109,537  
      Inflation compensation (3)                               19,348   +      159   +    1,847       19,406  
    Federal agency debt securities (2)                          6,757            0   -   11,736        6,757  
    Mortgage-backed securities (4)                          1,774,991   +    4,361   +   32,372    1,775,854  
  Unamortized premiums on securities held outright (5)        161,052   -       65   -   14,362      161,032  
  Unamortized discounts on securities held outright (5)       -14,267   +       25   +      981      -14,284  
  Repurchase agreements (6)                                        37   +       28   +       37            0  
  Loans                                                            68   +       15   +       22           51  
    Primary credit                                                 19   +       18   +        1            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                49   -        3   +       22           48  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,712            0   +        4        1,710  
  Float                                                          -232   +       73   +      165         -316  
  Central bank liquidity swaps (8)                                 35   -        2   -      936           35  
  Other Federal Reserve assets (9)                             32,993   +      453   +      513       21,207  
Foreign currency denominated assets (10)                       20,987   +      112   +      464       21,122  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,259   +       14   +      803       49,259  
                                                                                                              
Total factors supplying reserve funds                       4,509,219   +    4,673   +    4,212    4,495,311  

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  Nov 15, 2017 
Federal Reserve Banks                                     Nov 15, 2017  Nov 8, 2017 Nov 16, 2016              

Currency in circulation (11)                                 1,591,246   +    1,096   +  100,375    1,593,044 
Reverse repurchase agreements (12)                             262,427   -   28,105   -   75,618      263,449 
  Foreign official and international accounts                  224,126   -    2,779   -   13,993      228,411 
  Others                                                        38,301   -   25,325   -   61,625       35,038 
Treasury cash holdings                                             221   -        8   +       28          205 
Deposits with F.R. Banks, other than reserve balances          270,248   +    7,012   -  190,798      233,082 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               174,631   -    3,149   -  225,994      148,165 
  Foreign official                                               5,258   +       91   +       91        5,368 
  Other (13)                                                    90,360   +   10,071   +   35,105       79,549 
Other liabilities and capital (14)                              48,822   +      351   +    1,736       47,724 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,172,964   -   19,653   -  164,278    2,137,504 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,336,255   +   24,326   +  168,489    2,357,806 

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  Nov 15, 2017 
                                                          Nov 15, 2017  Nov 8, 2017 Nov 16, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,369,108   -    4,239   +  249,723    3,365,427 
  Marketable U.S. Treasury securities (1)                    3,040,446   -    5,186   +  241,361    3,037,520 
  Federal agency debt and mortgage-backed securities (2)       262,255   -      396   +    2,595      261,239 
  Other securities (3)                                          66,407   +    1,342   +    5,767       66,668 
Securities lent to dealers                                      21,197   -    4,056   -    1,469       23,204 
  Overnight facility (4)                                        21,197   -    4,056   -    1,469       23,204 
    U.S. Treasury securities                                    21,197   -    4,056   -    1,438       23,204 
    Federal agency debt securities                                   0            0   -       31            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, November 15, 2017   

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                                           27            24             0             0             0           ...            51 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,869        48,442       352,103     1,117,050       292,840       638,336     2,456,641 
  Weekly changes                        -    3,174    -    7,865    +   34,306    +    5,513    -   36,840    +    4,714    -    3,344 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,366             0         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           133        20,615     1,755,105     1,775,854 
  Weekly changes                                 0             0             0    -        1    -      118    +    5,343    +    5,224 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          263,449             0           ...           ...           ...           ...       263,449 
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   
                                                                                                                      Nov 15, 2017  

Mortgage-backed securities held outright (1)                                                                             1,775,854  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,262  
Commitments to sell mortgage-backed securities (2)                                                                              10  
                                                                                                                                    
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   
                                                                                                                      Nov 15, 2017  

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       Nov 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Nov 8, 2017 Nov 16, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,855   +       10   -       11  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,386,052   +    1,787   -    4,260  
    Securities held outright (1)                                          4,239,252   +    1,879   +    9,246  
      U.S. Treasury securities                                            2,456,641   -    3,344   -    7,081  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,327,698   -    3,503   -   12,976  
        Notes and bonds, inflation-indexed (2)                              109,537            0   +    4,011  
        Inflation compensation (3)                                           19,406   +      159   +    1,884  
      Federal agency debt securities (2)                                      6,757            0   -   11,736  
      Mortgage-backed securities (4)                                      1,775,854   +    5,224   +   28,063  
    Unamortized premiums on securities held outright  
    (5)                                                                     161,032   -       20   -   14,503  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,284   -        3   +      974  
    Repurchase agreements (6)                                                     0   -       65            0  
    Loans                                                                        51   -        5   +       23  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710   -        2   +        2  
  Items in process of collection                                   (0)           71   -       38   -        6  
  Bank premises                                                               2,204   +        3            0  
  Central bank liquidity swaps (8)                                               35   -        2   -      936  
  Foreign currency denominated assets (9)                                    21,122   +      256   +      877  
  Other assets (10)                                                          19,003   -   12,277   -    1,010  
                                                                                                               
Total assets                                                       (0)    4,448,289   -   10,263   -    5,344  

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       Nov 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Nov 8, 2017 Nov 16, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,545,840   +    1,284   +  101,288 
  Reverse repurchase agreements (11)                                         263,449   -   37,687   -   91,900 
  Deposits                                                          (0)    2,590,889   +   26,825   -   16,766 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,357,806   +   40,196   +  180,221 
    U.S. Treasury, General Account                                           148,165   -   12,272   -  227,743 
    Foreign official                                                           5,368   +      202   +      201 
    Other (12)                                                      (0)       79,549   -    1,302   +   30,553 
  Deferred availability cash items                                  (0)          387   -      134   -      136 
  Other liabilities and accrued dividends (13)                                 6,486   -      552   +    1,201 
                                                                                                               
Total liabilities                                                   (0)    4,407,051   -   10,264   -    6,313 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,238   +        1   +      970 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,238   +        1   +      970 

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, November 15, 2017
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                                             1,855          45          47          185         140         272         195         291          33          52         105         190         300
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,386,052      85,456   2,469,721      113,245     127,190     256,978     258,177     184,478      58,493      34,211      62,219     175,589     560,295
    Securities held outright (1)               4,239,252      82,596   2,387,088      109,456     122,934     248,380     249,538     178,297      56,529      33,051      60,122     169,710     541,549
      U.S. Treasury securities                 2,456,641      47,864   1,383,314       63,429      71,240     143,936     144,607     103,323      32,759      19,153      34,841      98,347     313,827
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,456,641      47,864   1,383,314       63,429      71,240     143,936     144,607     103,323      32,759      19,153      34,841      98,347     313,827
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,775,854      34,600     999,969       45,852      51,498     104,048     104,533      74,690      23,681      13,845      25,186      71,093     226,859
    Unamortized premiums on securities held 
      outright (5)                               161,032       3,138      90,676        4,158       4,670       9,435       9,479       6,773       2,147       1,255       2,284       6,447      20,571
    Unamortized discounts on securities     
      held outright (5)                          -14,284        -278      -8,043         -369        -414        -837        -841        -601        -190        -111        -203        -572      -1,825
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             51           0           0            0           0           0           1           9           7          15          15           4           0
  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                      71           0           0            0           0           0          70           0           0           1           0           0           0
  Bank premises                                    2,204         116         443           72         125         197         203         202         110          88         236         219         192
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,122         916       6,765        1,136       1,720       4,564       1,232         884         231          89         205         270       3,110
  Other assets (10)                               19,003         409      10,205          483         552       1,278       1,122         800         447         158         327         821       2,401
  Interdistrict settlement account                     0  -      504  -   61,476   +      331  +    1,477  +    5,858  +    1,281  +   52,095  -      546  +    2,628  +    5,897  +    8,421  -   15,463
                                                                                                                                                                                                         
Total assets                                   4,448,289      86,984   2,432,837      116,012     131,998     270,343     264,456     239,913      59,260      37,508      69,434     186,709     552,836

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, November 15, 2017 (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            1,734,496      56,621     573,257      54,740      84,576     120,460     234,841     116,799      52,332      31,227      48,233     141,773     219,636
    Less: Notes held by F.R. Banks               188,656       6,756      52,378       6,548       9,588      13,990      27,636      11,986       5,337       3,178       5,603      17,829      27,827
      Federal Reserve notes, net               1,545,840      49,865     520,879      48,193      74,988     106,470     207,205     104,812      46,995      28,049      42,630     123,944     191,810
  Reverse repurchase agreements (11)             263,449       5,133     148,346       6,802       7,640      15,436      15,508      11,080       3,513       2,054       3,736      10,547      33,655
  Deposits                                     2,590,889      30,009   1,747,598      58,447      45,742     138,928      38,823     121,920       8,087       6,756      22,495      51,422     320,661
    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                           2,357,806      30,002   1,574,125      58,445      45,738     138,640      38,814      62,639       8,082       6,756      22,494      51,417     320,655
    U.S. Treasury, General Account               148,165           0     148,165           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,368           2       5,341           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    79,549           5      19,967           0           0         279           7      59,279           6           0           1           4           1
  Deferred availability cash items                   387           0           0           0           0           0          75           0           0         312           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,733          38         894          49          71         150         118          67          21          14          17          68         225
  Other liabilities and accrued             
     dividends                                     4,754         170       2,034         200         208         492         331         284         150         137         146         210         392
                                                                                                                                                                                                        
Total liabilities                              4,407,051      85,214   2,419,751     113,692     128,648     261,476     262,060     238,164      58,765      37,322      69,025     186,191     546,742
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,238       1,336       9,884       1,783       2,535       6,706       1,814       1,331         385         143         311         390       4,621
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,448,289      86,984   2,432,837     116,012     131,998     270,343     264,456     239,913      59,260      37,508      69,434     186,709     552,836

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, November 15, 2017 (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   
                                                                                          Nov 15, 2017  

Federal Reserve notes outstanding                                                            1,734,496  
  Less: Notes held by F.R. Banks not subject to collateralization                              188,656  
    Federal Reserve notes to be collateralized                                               1,545,840  
Collateral held against Federal Reserve notes                                                1,545,840  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,529,603  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,252  
  Less: Face value of securities under reverse repurchase agreements                           259,058  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,980,194  

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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