Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: August 30, 2018
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 30, 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  Aug 29, 2018 
Federal Reserve Banks                                     Aug 29, 2018 Aug 22, 2018 Aug 30, 2017              

Reserve Bank credit                                         4,185,664   -    4,195   -  227,735    4,179,238  
  Securities held outright (1)                              4,029,546   -    4,656   -  211,639    4,024,004  
    U.S. Treasury securities                                2,324,571   +       63   -  140,719    2,324,589  
      Bills (2)                                                   100   +       14   +      100          100  
      Notes and bonds, nominal (2)                          2,188,006            0   -  149,559    2,188,006  
      Notes and bonds, inflation-indexed (2)                  114,592            0   +    5,619      114,592  
      Inflation compensation (3)                               21,873   +       49   +    3,121       21,891  
    Federal agency debt securities (2)                          2,409            0   -    4,348        2,409  
    Mortgage-backed securities (4)                          1,702,566   -    4,719   -   66,572    1,697,006  
  Unamortized premiums on securities held outright (5)        146,784   -      444   -   16,907      146,528  
  Unamortized discounts on securities held outright (5)       -13,796   +       30   +      781      -13,785  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           293   +        8   +       66          311  
    Primary credit                                                 24   -       12   +       22           39  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               270   +       22   +       45          272  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,720   +        1   +       12        1,718  
  Float                                                          -216   -       49   +      181         -498  
  Central bank liquidity swaps (8)                                 92   +       24   +       56           92  
  Other Federal Reserve assets (9)                             21,242   +      892   -      283       20,868  
Foreign currency denominated assets (10)                       21,085   +      158   -      452       21,098  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,729   +       14   +      636       49,729  
                                                                                                              
Total factors supplying reserve funds                       4,272,718   -    4,024   -  227,552    4,266,306  

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  Aug 29, 2018 
Federal Reserve Banks                                     Aug 29, 2018 Aug 22, 2018 Aug 30, 2017              

Currency in circulation (11)                                 1,676,374   +    2,646   +  109,188    1,681,023 
Reverse repurchase agreements (12)                             242,238   -    6,772   -  128,247      232,432 
  Foreign official and international accounts                  239,429   -    7,178   -    3,534      231,592 
  Others                                                         2,809   +      406   -  124,713          840 
Treasury cash holdings                                             216   -        3   +       43          211 
Deposits with F.R. Banks, other than reserve balances          424,452   -    1,561   +  274,824      427,249 
  Term deposits held by depository institutions                  2,487   +    2,487   +    2,487        2,487 
  U.S. Treasury, General Account                               342,543   -    5,850   +  281,486      345,255 
  Foreign official                                               5,256   -       18   -       28        5,257 
  Other (13)                                                    74,165   +    1,819   -    9,121       74,251 
Other liabilities and capital (14)                              45,515   +      996   -    2,738       44,883 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,388,794   -    4,694   +  253,070    2,385,799 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,883,924   +      670   -  480,622    1,880,507 

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  Aug 29, 2018 
                                                          Aug 29, 2018 Aug 22, 2018 Aug 30, 2017              

Securities held in custody for foreign official and       
     international accounts                                  3,429,056   -      787   +   84,038    3,419,272 
  Marketable U.S. Treasury securities (1)                    3,059,869   +      662   +   40,472    3,050,312 
  Federal agency debt and mortgage-backed securities (2)       298,729   -      926   +   34,567      298,658 
  Other securities (3)                                          70,458   -      524   +    8,999       70,302 
Securities lent to dealers                                      17,992   +    3,781   -    7,807       19,631 
  Overnight facility (4)                                        17,992   +    3,781   -    7,807       19,631 
    U.S. Treasury securities                                    17,992   +    3,781   -    7,805       19,631 
    Federal agency debt securities                                   0            0   -        2            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, August 29, 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                                          292            19             0             0             0           ...           311 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  20,932        77,244       326,061     1,016,040       267,189       617,123     2,324,589 
  Weekly changes                                 0             0    +        1    +        7    +       18    +       24    +       49 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0            62             0             0         2,347         2,409 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           144        42,637     1,654,224     1,697,006 
  Weekly changes                                 0             0             0    -        5    -      754    -    8,966    -    9,725 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                92             0             0             0             0             0            92 
                                                                                                                                       
Reverse repurchase agreements (4)          232,432             0           ...           ...           ...           ...       232,432 
Term deposits                                2,487             0             0           ...           ...           ...         2,487 

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   
                                                                                                                      Aug 29, 2018  

Mortgage-backed securities held outright (1)                                                                             1,697,006  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,924  
Commitments to sell mortgage-backed securities (2)                                                                              15  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Aug 29, 2018  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,718  
                                                                                                                                    
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       Aug 29, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 22, 2018 Aug 30, 2017 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,768   -       23   -       90  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,157,058   -   10,159   -  231,751  
    Securities held outright (1)                                          4,024,004   -    9,676   -  215,606  
      U.S. Treasury securities                                            2,324,589   +       49   -  140,711  
        Bills (2)                                                               100            0   +      100  
        Notes and bonds, nominal (2)                                      2,188,006            0   -  149,559  
        Notes and bonds, inflation-indexed (2)                              114,592            0   +    5,619  
        Inflation compensation (3)                                           21,891   +       49   +    3,130  
      Federal agency debt securities (2)                                      2,409            0   -    4,348  
      Mortgage-backed securities (4)                                      1,697,006   -    9,725   -   70,547  
    Unamortized premiums on securities held outright  
    (5)                                                                     146,528   -      540   -   17,014  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,785   +       30   +      781  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       311   +       26   +       88  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,718   -        2   +       10  
  Items in process of collection                                   (0)           76   +       22   +       20  
  Bank premises                                                               2,183            0   -       21  
  Central bank liquidity swaps (8)                                               92   +       24   +       56  
  Foreign currency denominated assets (9)                                    21,098   +       18   -      396  
  Other assets (10)                                                          18,685   +      217   -    1,274  
                                                                                                               
Total assets                                                       (0)    4,218,914   -    9,904   -  233,446  

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       Aug 29, 2018   Wednesday    Wednesday  
                                                        consolidation                Aug 22, 2018 Aug 30, 2017 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,633,269   +    5,879   +  109,794 
  Reverse repurchase agreements (11)                                         232,432   -   11,772   -  156,276 
  Deposits                                                          (0)    2,307,757   -    4,614   -  183,485 
    Term deposits held by depository institutions                              2,487   +    2,487   +    2,487 
    Other deposits held by depository institutions                         1,880,507   -   22,278   -  451,449 
    U.S. Treasury, General Account                                           345,255   +   10,263   +  278,378 
    Foreign official                                                           5,257   +        1   +       92 
    Other (12)                                                      (0)       74,251   +    4,913   -   12,993 
  Deferred availability cash items                                  (0)          574   +      296   -      659 
  Other liabilities and accrued dividends (13)                                 5,856   +      303   -      860 
                                                                                                               
Total liabilities                                                   (0)    4,179,888   -    9,908   -  231,486 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,202   +        6   +    1,215 
  Surplus                                                                      6,825            0   -    3,175 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,027   +        6   -    1,960 

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, August 29, 2018
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         364       3,626          350         544         773       1,491         739         334         199         307         905       1,405
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,768          43          41          159         115         250         192         294          34          44         108         201         287
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,157,058      79,389   2,294,847      104,949     117,845     245,980     249,533     222,675      55,466      34,785      65,446     171,882     514,260
    Securities held outright (1)               4,024,004      76,854   2,221,562      101,598     114,082     238,125     241,548     215,517      53,573      33,580      63,347     166,392     497,826
      U.S. Treasury securities                 2,324,589      44,397   1,283,353       58,691      65,903     137,560     139,538     124,500      30,948      19,399      36,595      96,121     287,584
        Bills (2)                                    100           2          55            3           3           6           6           5           1           1           2           4          12
        Notes and bonds (3)                    2,324,489      44,395   1,283,298       58,688      65,900     137,554     139,532     124,495      30,947      19,398      36,593      96,117     287,572
      Federal agency debt securities (2)           2,409          46       1,330           61          68         143         145         129          32          20          38         100         298
      Mortgage-backed securities (4)           1,697,006      32,411     936,879       42,846      48,111     100,422     101,866      90,888      22,593      14,161      26,715      70,171     209,944
    Unamortized premiums on securities held 
      outright (5)                               146,528       2,799      80,895        3,700       4,154       8,671       8,796       7,848       1,951       1,223       2,307       6,059      18,128
    Unamortized discounts on securities     
      held outright (5)                          -13,785        -263      -7,610         -348        -391        -816        -827        -738        -184        -115        -217        -570      -1,705
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            311           0           1            0           0           0          17          48         126          97           9           1          11
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,718           0       1,718            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      76           0           0            0           0           0          75           0           0           0           0           0           0
  Bank premises                                    2,183         109         442           76         118         195         203         197         106          95         233         219         189
  Central bank liquidity swaps (8)                    92           4          29            5           7          20           5           4           1           0           1           1          14
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,098         898       6,652        1,198       1,703       4,557       1,219         894         304          97         209         261       3,105
  Other assets (10)                               18,685         386       9,784          463         532       1,291       1,111         972         445         204         349         876       2,272
  Interdistrict settlement account                     0  -    2,700  +   34,869   -    6,539  +      182  +   15,671  +   30,529  -   11,110  +    1,074  -      344  -    8,578  +    3,094  -   56,148
                                                                                                                                                                                                         
Total assets                                   4,218,914      78,690   2,353,826      100,872     121,284     269,149     285,013     215,089      57,915      35,170      58,228     177,721     465,957

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, August 29, 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            1,813,343      58,519     605,041      54,407      87,750     125,431     262,757     119,359      54,732      30,425      47,154     149,868     217,903
    Less: Notes held by F.R. Banks               180,073       6,279      44,824       7,136       9,115      14,532      26,936      12,125       5,402       3,101       5,546      17,398      27,679
      Federal Reserve notes, net               1,633,269      52,240     560,217      47,270      78,635     110,899     235,821     107,234      49,330      27,323      41,608     132,469     190,224
  Reverse repurchase agreements (11)             232,432       4,439     128,320       5,868       6,590      13,754      13,952      12,449       3,094       1,940       3,659       9,611      28,755
  Deposits                                     2,307,757      20,174   1,650,514      45,243      32,707     135,504      32,530      93,403       4,758       5,048      12,407      34,874     240,596
    Term deposits held by depository        
        institutions                               2,487          25         785       1,000           7           0           0         170           0           0           0           0         500
    Other deposits held by depository       
        institutions                           1,880,507      20,116   1,272,436      44,241      32,475     135,010      32,487      46,806       4,749       4,985      12,396      34,719     240,088
    U.S. Treasury, General Account               345,255           0     345,255           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,257           2       5,229           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    74,251          31      26,808           1         222         485          41      46,425           9          63          10         155           2
  Deferred availability cash items                   574           0           0           0           0           0          52           0           0         522           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,078          20         543          28          39          50          98          51          18          13          23          62         134
  Other liabilities and accrued             
     dividends                                     4,779         184       1,862         207         206         580         324         321         128         147         156         222         442
                                                                                                                                                                                                        
Total liabilities                              4,179,888      77,056   2,341,456      98,617     118,177     260,787     282,776     213,458      57,328      34,993      57,852     177,237     460,150
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,202       1,343      10,219       1,868       2,556       6,887       1,842       1,342         489         146         308         399       4,802
  Surplus                                          6,825         290       2,151         388         551       1,474         394         289          98          31          68          84       1,005
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,218,914      78,690   2,353,826     100,872     121,284     269,149     285,013     215,089      57,915      35,170      58,228     177,721     465,957

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, August 29, 2018 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


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

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Aug 29, 2018  

Federal Reserve notes outstanding                                                            1,813,343  
  Less: Notes held by F.R. Banks not subject to collateralization                              180,073  
    Federal Reserve notes to be collateralized                                               1,633,269  
Collateral held against Federal Reserve notes                                                1,633,269  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,617,032  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,024,004  
  Less: Face value of securities under reverse repurchase agreements                           233,532  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,790,472  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 




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