Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: January 04, 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                                                  January 4, 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   Jan 3, 2018 
Federal Reserve Banks                                      Jan 3, 2018 Dec 27, 2017  Jan 4, 2017              

Reserve Bank credit                                         4,407,634   -   10,082   -    6,756    4,403,821  
  Securities held outright (1)                              4,221,814   -    9,304   +      635    4,217,528  
    U.S. Treasury securities                                2,452,495   -    1,729   -   11,114    2,448,208  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,322,690   -    1,714   -   16,413    2,318,404  
      Notes and bonds, inflation-indexed (2)                  110,134            0   +    3,437      110,134  
      Inflation compensation (3)                               19,671   -       15   +    1,863       19,670  
    Federal agency debt securities (2)                          4,391            0   -   11,789        4,391  
    Mortgage-backed securities (4)                          1,764,929   -    7,574   +   23,538    1,764,929  
  Unamortized premiums on securities held outright (5)        158,749   -      487   -   14,185      158,640  
  Unamortized discounts on securities held outright (5)       -14,118   +       14   +      963      -14,146  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           117   +       55   +       63           44  
    Primary credit                                                 97   +       67   +       62           38  
    Secondary credit                                                0            0   -        1            0  
    Seasonal credit                                                21   -       12   +        3            6  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713   +        1   +       12        1,713  
  Float                                                          -734   -      555   +      112         -155  
  Central bank liquidity swaps (8)                             12,059   +       51   +    6,601       12,067  
  Other Federal Reserve assets (9)                             28,034   +      144   -      957       28,130  
Foreign currency denominated assets (10)                       21,423   +      244   +    1,899       21,440  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,374   +       14   +      838       49,374  
                                                                                                              
Total factors supplying reserve funds                       4,494,671   -    9,824   -    4,020    4,490,876  

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   Jan 3, 2018 
Federal Reserve Banks                                      Jan 3, 2018 Dec 27, 2017  Jan 4, 2017              

Currency in circulation (11)                                 1,618,004   +    5,892   +  108,658    1,618,531 
Reverse repurchase agreements (12)                             490,006   +  134,988   -  162,819      383,990 
  Foreign official and international accounts                  246,371   +   11,295   -   10,226      252,368 
  Others                                                       243,635   +  123,693   -  152,593      131,622 
Treasury cash holdings                                             216   +       22   +       49          225 
Deposits with F.R. Banks, other than reserve balances          292,706   +    4,818   -  151,303      246,611 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               211,566   +   21,283   -  176,423      169,957 
  Foreign official                                               5,255   +        2   +       90        5,253 
  Other (13)                                                    75,884   -   16,468   +   25,029       71,402 
Other liabilities and capital (14)                              47,809   -       50   +      861       46,868 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,448,741   +  145,671   -  204,554    2,296,225 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,045,930   -  155,495   +  200,534    2,194,651 

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   Jan 3, 2018 
                                                           Jan 3, 2018 Dec 27, 2017  Jan 4, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,355,758   -    6,241   +  173,794    3,354,631 
  Marketable U.S. Treasury securities (1)                    3,015,192   -    6,097   +  154,035    3,014,079 
  Federal agency debt and mortgage-backed securities (2)       262,742   -       24   +    1,341      262,740 
  Other securities (3)                                          77,824   -      120   +   18,418       77,812 
Securities lent to dealers                                      25,192   +    1,685   +    1,706       25,339 
  Overnight facility (4)                                        25,192   +    1,685   +    1,706       25,339 
    U.S. Treasury securities                                    25,192   +    1,685   +    1,750       25,339 
    Federal agency debt securities                                   0            0   -       45            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, January 3, 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                                           38             6             0             0             0           ...            44 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,098       107,658       315,420     1,085,113       314,035       622,884     2,448,208 
  Weekly changes                        -   14,406    +   28,103    -   12,992    -   10,333    +    3,623    -        6    -    6,011 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0         1,982            62             0         2,347         4,391 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1           177        27,007     1,737,744     1,764,929 
  Weekly changes                                 0             0             0    +        4    +    6,994    -    6,995    +        3 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)            12,067             0             0             0             0             0        12,067 
                                                                                                                                       
Reverse repurchase agreements (4)          383,990             0           ...           ...           ...           ...       383,990 
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   
                                                                                                                       Jan 3, 2018  

Mortgage-backed securities held outright (1)                                                                             1,764,929  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,378  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jan 3, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
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        Jan 3, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 27, 2017  Jan 4, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,895   +       10   +       20  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,362,066   -    6,410   -   16,842  
    Securities held outright (1)                                          4,217,528   -    6,007   -    3,634  
      U.S. Treasury securities                                            2,448,208   -    6,011   -   15,383  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,318,404   -    6,000   -   20,699  
        Notes and bonds, inflation-indexed (2)                              110,134            0   +    3,437  
        Inflation compensation (3)                                           19,670   -       10   +    1,879  
      Federal agency debt securities (2)                                      4,391            0   -   11,789  
      Mortgage-backed securities (4)                                      1,764,929   +        3   +   23,538  
    Unamortized premiums on securities held outright  
    (5)                                                                     158,640   -      281   -   14,149  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,146   -       25   +      937  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        44   -       97   +        4  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713   +        1   +        6  
  Items in process of collection                                   (0)          169   +       81   +        1  
  Bank premises                                                               2,203   -       15   +        1  
  Central bank liquidity swaps (8)                                           12,067   +       59   +    6,504  
  Foreign currency denominated assets (9)                                    21,440   +      211   +    2,039  
  Other assets (10)                                                          25,927   +    1,102   -    1,114  
                                                                                                               
Total assets                                                       (0)    4,443,718   -    4,962   -    9,383  

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        Jan 3, 2018   Wednesday    Wednesday  
                                                        consolidation                Dec 27, 2017  Jan 4, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,571,272   +    2,214   +  108,709 
  Reverse repurchase agreements (11)                                         383,990   -    2,801   -  139,223 
  Deposits                                                          (0)    2,441,263   -    3,826   +   20,939 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,194,651   +   18,199   +  196,485 
    U.S. Treasury, General Account                                           169,957   -   16,529   -  201,876 
    Foreign official                                                           5,253   -        1   +       89 
    Other (12)                                                      (0)       71,402   -    5,495   +   26,241 
  Deferred availability cash items                                  (0)          325   -       98   -      641 
  Other liabilities and accrued dividends (13)                                 5,481   -      450   -      113 
                                                                                                               
Total liabilities                                                   (0)    4,402,330   -    4,961   -   10,329 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,387   -        1   +      945 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,387   -        1   +      945 

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, January 3, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,895          47          47          187         145         271         199         300          37          52         107         197         306
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,362,066      84,988   2,456,220      112,625     126,495     255,573     256,765     183,498      58,167      34,011      61,868     174,625     557,232
    Securities held outright (1)               4,217,528      82,173   2,374,856      108,895     122,304     247,107     248,259     177,384      56,240      32,882      59,814     168,840     538,773
      U.S. Treasury securities                 2,448,208      47,700   1,378,566       63,212      70,996     143,442     144,111     102,968      32,646      19,087      34,721      98,009     312,749
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,448,208      47,700   1,378,566       63,212      70,996     143,442     144,111     102,968      32,646      19,087      34,721      98,009     312,749
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,764,929      34,387     993,817       45,570      51,181     103,408     103,890      74,231      23,535      13,760      25,031      70,655     225,463
    Unamortized premiums on securities held 
      outright (5)                               158,640       3,091      89,329        4,096       4,600       9,295       9,338       6,672       2,115       1,237       2,250       6,351      20,266
    Unamortized discounts on securities     
      held outright (5)                          -14,146        -276      -7,965         -365        -410        -829        -833        -595        -189        -110        -201        -566      -1,807
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             44           0           1            0           0           0           0          37           0           2           4           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     169           0           0            0           0           0         168           0           0           1           0           0           0
  Bank premises                                    2,203         114         445           71         122         197         203         203         110          88         236         219         194
  Central bank liquidity swaps (8)                12,067         523       3,864          649         983       2,608         704         505         132          51         117         154       1,777
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,440         929       6,868        1,153       1,746       4,633       1,250         897         234          91         208         274       3,157
  Other assets (10)                               25,927         546      14,164          663         766       1,709       1,556       1,093         432         219         437       1,050       3,292
  Interdistrict settlement account                     0  +    6,419  -  101,124   +      350  +    1,547  +   26,827  +   19,458  +   47,168  +      665  +    3,269  +    9,776  +    5,887  -   20,242
                                                                                                                                                                                                         
Total assets                                   4,443,718      94,111   2,387,607      116,257     132,595     293,007     282,477     234,826      60,267      38,062      73,194     183,604     547,712

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, January 3, 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            1,746,331      57,380     578,415      54,232      83,747     119,426     243,986     115,939      52,079      31,153      47,929     140,798     221,248
    Less: Notes held by F.R. Banks               175,059       6,209      48,252       6,370       8,887      13,531      23,761      11,004       5,119       3,024       5,723      16,548      26,633
      Federal Reserve notes, net               1,571,272      51,171     530,164      47,862      74,860     105,895     220,226     104,935      46,961      28,129      42,207     124,249     194,615
  Reverse repurchase agreements (11)             383,990       7,482     216,222       9,914      11,135      22,498      22,603      16,150       5,120       2,994       5,446      15,372      49,053
  Deposits                                     2,441,263      33,524   1,625,558      55,956      43,038     155,145      36,769     111,666       7,481       6,434      24,999      43,229     297,465
    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                           2,194,651      33,519   1,434,253      55,953      43,035     154,953      36,760      56,585       7,476       6,434      24,997      43,228     297,458
    U.S. Treasury, General Account               169,957           0     169,957           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,253           2       5,225           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    71,402           4      16,123           0           0         183           7      55,079           4           0           1           0           1
  Deferred availability cash items                   325           0           0           0           0           0         142           0           0         183           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   681          14         362          18          23          41          54          25          10           6          10          31          86
  Other liabilities and accrued             
     dividends                                     4,800         152       2,199         186         191         486         293         301         133         130         124         206         400
                                                                                                                                                                                                        
Total liabilities                              4,402,330      92,343   2,374,504     113,936     129,247     284,064     280,087     233,077      59,705      37,875      72,785     183,088     541,619
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,387       1,335       9,901       1,783       2,534       6,781       1,807       1,331         453         144         311         387       4,620
  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                  4,443,718      94,111   2,387,607     116,257     132,595     293,007     282,477     234,826      60,267      38,062      73,194     183,604     547,712

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, January 3, 2018 (continued)


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


Note on consolidation:


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

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jan 3, 2018  

Federal Reserve notes outstanding                                                            1,746,331  
  Less: Notes held by F.R. Banks not subject to collateralization                              175,059  
    Federal Reserve notes to be collateralized                                               1,571,272  
Collateral held against Federal Reserve notes                                                1,571,272  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,555,035  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,217,528  
  Less: Face value of securities under reverse repurchase agreements                           377,613  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,839,916  

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