Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: November 30, 2017
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                                                November 30, 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 29, 2017 
Federal Reserve Banks                                     Nov 29, 2017 Nov 22, 2017 Nov 30, 2016              

Reserve Bank credit                                         4,405,898   -    4,096   -    5,034    4,397,722  
  Securities held outright (1)                              4,235,014   -    4,476   +    9,393    4,228,444  
    U.S. Treasury securities                                2,456,900   +      155   -    6,933    2,456,959  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,327,698            0   -   12,809    2,327,698  
      Notes and bonds, inflation-indexed (2)                  109,537            0   +    3,844      109,537  
      Inflation compensation (3)                               19,666   +      156   +    2,034       19,724  
    Federal agency debt securities (2)                          4,391   -      338   -   14,102        4,391  
    Mortgage-backed securities (4)                          1,773,723   -    4,293   +   30,428    1,767,095  
  Unamortized premiums on securities held outright (5)        160,463   -      421   -   14,524      160,163  
  Unamortized discounts on securities held outright (5)       -14,236   +       29   +      969      -14,225  
  Repurchase agreements (6)                                         0   -        9            0            0  
  Loans                                                            50   -       17   +       12           67  
    Primary credit                                                  6   -       11   -        2           24  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                44   -        6   +       14           43  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710            0   +        9        1,709  
  Float                                                          -447   -      125   +      160       -1,446  
  Central bank liquidity swaps (8)                                 35            0   -    1,142           35  
  Other Federal Reserve assets (9)                             23,309   +      923   +       88       22,975  
Foreign currency denominated assets (10)                       21,356   +      182   +    1,525       21,296  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,287   +       14   +      809       49,287  
                                                                                                              
Total factors supplying reserve funds                       4,492,782   -    3,900   -    2,700    4,484,546  

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 29, 2017 
Federal Reserve Banks                                     Nov 29, 2017 Nov 22, 2017 Nov 30, 2016              

Currency in circulation (11)                                 1,599,215   +    4,670   +  104,423    1,599,963 
Reverse repurchase agreements (12)                             278,286   +   11,865   -  111,063      294,644 
  Foreign official and international accounts                  231,096   +    2,725   -   18,726      227,625 
  Others                                                        47,190   +    9,139   -   92,338       67,019 
Treasury cash holdings                                             203   -        2   +       37          202 
Deposits with F.R. Banks, other than reserve balances          271,785   +   25,233   -  196,403      271,340 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               172,282   +    8,703   -  237,078      178,685 
  Foreign official                                               5,166            0   -        9        5,167 
  Other (13)                                                    94,336   +   16,530   +   40,683       87,488 
Other liabilities and capital (14)                              48,398   -      655   +    2,096       47,226 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,197,886   +   41,111   -  200,912    2,213,375 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,294,895   -   45,012   +  198,211    2,271,171 

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 29, 2017 
                                                          Nov 29, 2017 Nov 22, 2017 Nov 30, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,387,303   +   15,033   +  260,505    3,387,254 
  Marketable U.S. Treasury securities (1)                    3,047,684   +    4,880   +  245,032    3,045,662 
  Federal agency debt and mortgage-backed securities (2)       263,788   +    1,794   -      637      263,784 
  Other securities (3)                                          75,831   +    8,359   +   16,110       77,807 
Securities lent to dealers                                      21,163   +      207   -    1,051       17,827 
  Overnight facility (4)                                        21,163   +      207   -    1,051       17,827 
    U.S. Treasury securities                                    21,163   +      207   -    1,036       17,827 
    Federal agency debt securities                                   0            0   -       15            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 29, 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                                           67             0             0             0             0           ...            67 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,869        65,013       335,543     1,117,114       308,302       623,118     2,456,959 
  Weekly changes                                 0    +        3    +        1    +       36    +       16    +       80    +      137 
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           156        20,279     1,746,658     1,767,095 
  Weekly changes                                 0             0             0    -        4    -      367    -   11,219    -   11,588 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          294,644             0           ...           ...           ...           ...       294,644 
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 29, 2017  

Mortgage-backed securities held outright (1)                                                                             1,767,095  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           20,542  
Commitments to sell mortgage-backed securities (2)                                                                             168  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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 29, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
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 29, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 22, 2017 Nov 30, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,833   -        2   +        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,374,449   -   11,997   -    8,169  
    Securities held outright (1)                                          4,228,444   -   11,452   +    5,416  
      U.S. Treasury securities                                            2,456,959   +      137   -    6,902  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,327,698            0   -   11,805  
        Notes and bonds, inflation-indexed (2)                              109,537            0   +    2,840  
        Inflation compensation (3)                                           19,724   +      136   +    2,063  
      Federal agency debt securities (2)                                      4,391            0   -   14,102  
      Mortgage-backed securities (4)                                      1,767,095   -   11,588   +   26,421  
    Unamortized premiums on securities held outright  
    (5)                                                                     160,163   -      581   -   14,616  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,225   +       26   +    1,004  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        67   +       11   +       27  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709   -        1   +        2  
  Items in process of collection                                   (0)           57   -       11            0  
  Bank premises                                                               2,211   +        2   +        1  
  Central bank liquidity swaps (8)                                               35            0   -    1,305  
  Foreign currency denominated assets (9)                                    21,296   +       65   +    1,558  
  Other assets (10)                                                          20,766   -       79   +      195  
                                                                                                               
Total assets                                                       (0)    4,438,592   -   12,023   -    7,715  

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 29, 2017   Wednesday    Wednesday  
                                                        consolidation                Nov 22, 2017 Nov 30, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,552,706   +    1,061   +  104,075 
  Reverse repurchase agreements (11)                                         294,644   +   11,394   -  168,047 
  Deposits                                                          (0)    2,542,512   -   24,259   +   54,542 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,271,173   -   58,661   +  255,860 
    U.S. Treasury, General Account                                           178,685   +   26,902   -  243,349 
    Foreign official                                                           5,167   +        2   -        2 
    Other (12)                                                      (0)       87,488   +    7,499   +   42,034 
  Deferred availability cash items                                  (0)        1,504   +      962   +       67 
  Other liabilities and accrued dividends (13)                                 5,908   -    1,256   +      708 
                                                                                                               
Total liabilities                                                   (0)    4,397,274   -   12,098   -    8,654 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,318   +       75   +      939 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,318   +       75   +      939 

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 29, 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                                             1,833          47          44          184         139         270         191         289          33          51         104         187         293
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,374,449      85,230   2,463,179      112,945     126,853     256,299     257,492     184,010      58,333      34,122      62,051     175,124     558,812
    Securities held outright (1)               4,228,444      82,386   2,381,002      109,177     122,621     247,747     248,902     177,843      56,385      32,967      59,969     169,277     540,168
      U.S. Treasury securities                 2,456,959      47,871   1,383,493       63,438      71,250     143,955     144,626     103,337      32,763      19,156      34,845      98,359     313,867
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,456,959      47,871   1,383,493       63,438      71,250     143,955     144,626     103,337      32,763      19,156      34,845      98,359     313,867
      Federal agency debt securities (2)           4,391          86       2,473          113         127         257         258         185          59          34          62         176         561
      Mortgage-backed securities (4)           1,767,095      34,430     995,037       45,626      51,244     103,535     104,018      74,322      23,564      13,777      25,062      70,742     225,740
    Unamortized premiums on securities held 
      outright (5)                               160,163       3,121      90,187        4,135       4,645       9,384       9,428       6,736       2,136       1,249       2,271       6,412      20,460
    Unamortized discounts on securities     
      held outright (5)                          -14,225        -277      -8,010         -367        -413        -833        -837        -598        -190        -111        -202        -569      -1,817
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             67           1           0            0           0           1           0          29           1          17          12           4           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      57           0           0            0           0           0          57           0           0           0           0           0           0
  Bank premises                                    2,211         115         444           72         129         197         203         204         110          88         236         219         193
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,296         923       6,820        1,145       1,735       4,602       1,242         891         233          90         207         272       3,136
  Other assets (10)                               20,766         440      11,131          524         600       1,435       1,228         865         467         173         351         947       2,605
  Interdistrict settlement account                     0  -    4,398  -   15,821   -    3,879  +    2,980  +    3,787  +    6,135  +   52,398  -    1,869  +    3,882  +    3,612  +      238  -   47,065
                                                                                                                                                                                                         
Total assets                                   4,438,592      82,904   2,472,928      111,550     133,229     267,786     268,724     239,820      57,797      38,688      67,006     178,186     519,975

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 29, 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            1,739,217      56,954     573,741      54,519      84,286     120,111     240,239     116,689      52,286      31,173      48,094     141,508     219,617
    Less: Notes held by F.R. Banks               186,511       6,506      52,018       6,854       9,387      13,755      26,030      11,944       5,498       3,109       5,725      17,376      28,310
      Federal Reserve notes, net               1,552,706      50,448     521,723      47,665      74,899     106,356     214,209     104,746      46,787      28,065      42,370     124,133     191,307
  Reverse repurchase agreements (11)             294,644       5,741     165,912       7,608       8,544      17,263      17,344      12,392       3,929       2,297       4,179      11,796      37,640
  Deposits                                     2,542,512      24,753   1,769,648      53,727      46,175     134,569      34,283     120,611       6,422       6,550      19,892      41,480     284,402
    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                           2,271,173      24,746   1,558,556      53,725      46,172     134,304      34,274      60,665       6,416       6,550      19,891      41,479     284,395
    U.S. Treasury, General Account               178,685           0     178,685           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,167           2       5,140           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    87,488           5      27,267           0           0         256           7      59,945           6           0           1           0           1
  Deferred availability cash items                 1,504           0           0           0           0           0          65           0           0       1,439           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,126          25         587          31          43          48          93          36          29          11          15          56         154
  Other liabilities and accrued             
     dividends                                     4,782         168       1,969         198         217         608         334         286         133         141         143         205         380
                                                                                                                                                                                                        
Total liabilities                              4,397,274      81,134   2,459,839     109,229     129,879     258,844     266,327     238,071      57,301      38,502      66,598     177,668     513,882
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,318       1,336       9,888       1,783       2,535       6,781       1,814       1,331         387         143         311         390       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                  4,438,592      82,904   2,472,928     111,550     133,229     267,786     268,724     239,820      57,797      38,688      67,006     178,186     519,975

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 29, 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 29, 2017  

Federal Reserve notes outstanding                                                            1,739,217  
  Less: Notes held by F.R. Banks not subject to collateralization                              186,511  
    Federal Reserve notes to be collateralized                                               1,552,706  
Collateral held against Federal Reserve notes                                                1,552,706  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,536,469  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,228,444  
  Less: Face value of securities under reverse repurchase agreements                           287,112  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,941,332  

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