FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 28, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 27, 2016 
Federal Reserve Banks                                     Jul 27, 2016 Jul 20, 2016 Jul 29, 2015              

Reserve Bank credit                                         4,434,957   -    4,324   -   21,657    4,424,751  
  Securities held outright (1)                              4,235,560   -    4,551   -    4,185    4,226,345  
    U.S. Treasury securities                                2,462,722   +      110   +    1,269    2,462,763  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,204   +      521   -    4,437    2,342,204  
      Notes and bonds, inflation-indexed (2)                  103,596   -      439   +    5,062      103,596  
      Inflation compensation (3)                               16,922   +       28   +      644       16,963  
    Federal agency debt securities (2)                         22,492   -    1,044   -   12,601       22,492  
    Mortgage-backed securities (4)                          1,750,346   -    3,617   +    7,148    1,741,091  
  Unamortized premiums on securities held outright (5)        179,968   -      389   -   17,110      179,557  
  Unamortized discounts on securities held outright (5)       -15,763   +       46   +    1,642      -15,744  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           223   -       12   +       21          297  
    Primary credit                                                 35   -       21   +       30          103  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               189   +       10   -        7          194  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,711   -        1   +       13        1,702  
  Float                                                          -309   +       35   -      236         -535  
  Central bank liquidity swaps (8)                                180   -        5   -      179          180  
  Other Federal Reserve assets (9)                             33,386   +      552   -    1,625       32,949  
Foreign currency denominated assets (10)                       20,825   -       80   +    1,244       20,851  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,983   +       14   +      880       47,983  
                                                                                                              
Total factors supplying reserve funds                       4,520,006   -    4,390   -   19,533    4,509,826  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 27, 2016 
Federal Reserve Banks                                     Jul 27, 2016 Jul 20, 2016 Jul 29, 2015              

Currency in circulation (11)                                 1,461,167   -    1,037   +   90,287    1,462,592 
Reverse repurchase agreements (12)                             303,323   -    6,066   +   62,241      309,026 
  Foreign official and international accounts                  247,348   -    5,427   +   92,513      241,339 
  Others                                                        55,975   -      639   -   30,273       67,687 
Treasury cash holdings                                              80   +       17   -       17           73 
Deposits with F.R. Banks, other than reserve balances          386,828   +    9,651   +  149,771      359,737 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               325,499   -    3,651   +  128,674      316,238 
  Foreign official                                               5,215   +       15   -       29        5,269 
  Other (13)                                                    56,113   +   13,286   +   21,125       38,230 
Other liabilities and capital (14)                              46,599   -    1,311   -   19,178       46,160 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,197,997   +    1,255   +  283,104    2,177,588 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,322,008   -    5,646   -  302,638    2,332,237 

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 and Federal agency debt      
    securities, amortization is on a straight-line basis. For 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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jul 27, 2016 
                                                          Jul 27, 2016 Jul 20, 2016 Jul 29, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,220,405   -    8,042   -  107,593    3,219,368 
  Marketable U.S. Treasury securities (1)                    2,898,112   -    6,987   -   87,748    2,897,222 
  Federal agency debt and mortgage-backed securities (2)       264,391   -    2,005   -   33,574      264,057 
  Other securities (3)                                          57,902   +      951   +   13,729       58,089 
Securities lent to dealers                                      21,681   +      526   +   10,792       22,113 
  Overnight facility (4)                                        21,681   +      526   +   10,792       22,113 
    U.S. Treasury securities                                    21,667   +      523   +   10,844       22,096 
    Federal agency debt securities                                  13   +        2   -       53           17 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 27, 2016       

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                                          256            41             0             0             0           ...           297 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,193        20,153       147,720     1,197,151       452,309       638,237     2,462,763 
  Weekly changes                                 0             0    +        5    +       18    +       19    +       70    +      111 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         3,999        10,396         5,750             0         2,347        22,492 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,023        10,099     1,729,969     1,741,091 
  Weekly changes                                 0             0             0    -       35    -      206    -   15,922    -   16,163 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               180             0             0             0             0             0           180 
                                                                                                                                       
Reverse repurchase agreements (4)          309,026             0           ...           ...           ...           ...       309,026 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 27, 2016  

Mortgage-backed securities held outright (1)                                                                             1,741,091  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           30,652  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 27, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,702  
                                                                                                                                    
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. Revalued
    quarterly. This table reflects valuations as of June 30, 2016. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Jul 20, 2016 Jul 29, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,899   +        3   +       16  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,390,455   -   16,756   -   20,460  
    Securities held outright (1)                                          4,226,345   -   16,053   -    5,084  
      U.S. Treasury securities                                            2,462,763   +      111   +    1,261  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,204            0   -    4,437  
        Notes and bonds, inflation-indexed (2)                              103,596            0   +    5,062  
        Inflation compensation (3)                                           16,963   +      111   +      637  
      Federal agency debt securities (2)                                     22,492            0   -   12,601  
      Mortgage-backed securities (4)                                      1,741,091   -   16,163   +    6,257  
    Unamortized premiums on securities held outright  
    (5)                                                                     179,557   -      842   -   17,122  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,744   +       42   +    1,645  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       297   +       97   +      100  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,702   -       11   +        1  
  Items in process of collection                                   (0)          225   -       15   -       19  
  Bank premises                                                               2,214            0   -       28  
  Central bank liquidity swaps (8)                                              180   -        5   -      179  
  Foreign currency denominated assets (9)                                    20,851   +       62   +    1,268  
  Other assets (10)                                                          30,735   +      247   -    1,580  
                                                                                                               
Total assets                                                       (0)    4,464,498   -   16,475   -   20,982  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Jul 20, 2016 Jul 29, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,416,578   -       27   +   88,869 
  Reverse repurchase agreements (11)                                         309,026   -   19,290   +   66,515 
  Deposits                                                          (0)    2,691,974   +    3,727   -  157,954 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,332,237   +   13,986   -  300,593 
    U.S. Treasury, General Account                                           316,238   -   10,900   +  112,860 
    Foreign official                                                           5,269   +       50   +       26 
    Other (12)                                                      (0)       38,230   +      591   +   29,754 
  Deferred availability cash items                                  (0)          760   +      378   +      480 
  Other liabilities and accrued dividends (13)                                 6,068   -    1,264   -      683 
                                                                                                               
Total liabilities                                                   (0)    4,424,406   -   16,475   -    2,773 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,092            0   +      942 
  Surplus                                                                     10,000            0   -   19,150 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,092            0   -   18,208 

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 and Federal agency debt      
    securities, amortization is on a straight-line basis. For 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, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, July 27, 2016
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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,899          44          66          148         140         302         190         278          31          57         133         192         319
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,390,455     107,845   2,498,294      119,202     131,478     268,299     245,718     174,950      55,472      32,453      61,109     156,273     539,360
    Securities held outright (1)               4,226,345     103,821   2,405,074      114,755     126,572     258,288     236,545     168,398      53,340      31,159      58,820     150,436     519,138
      U.S. Treasury securities                 2,462,763      60,498   1,401,477       66,869      73,756     150,509     137,839      98,129      31,082      18,157      34,275      87,661     302,511
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,763      60,498   1,401,477       66,869      73,756     150,509     137,839      98,129      31,082      18,157      34,275      87,661     302,511
      Federal agency debt securities (2)          22,492         553      12,799          611         674       1,375       1,259         896         284         166         313         801       2,763
      Mortgage-backed securities (4)           1,741,091      42,770     990,797       47,274      52,143     106,405      97,447      69,374      21,974      12,836      24,231      61,974     213,865
    Unamortized premiums on securities held 
      outright (5)                               179,557       4,411     102,180        4,875       5,377      10,973      10,050       7,154       2,266       1,324       2,499       6,391      22,056
    Unamortized discounts on securities     
      held outright (5)                          -15,744        -387      -8,960         -427        -472        -962        -881        -627        -199        -116        -219        -560      -1,934
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            297           0           0            0           0           0           5          25          65          86          10           6         100
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,702           0       1,702            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     225           0           0            0           0           0         225           0           0           0           0           0           0
  Bank premises                                    2,214         120         429           73         106         206         208         202         115          90         241         225         197
  Central bank liquidity swaps (8)                   180           8          59           10          14          40          10           5           2           1           2           2          27
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,851         921       6,881        1,147       1,588       4,650       1,158         559         214          89         208         264       3,172
  Other assets (10)                               30,735         794      16,971          839         924       2,048       1,731       1,237         466         252         482       1,211       3,780
  Interdistrict settlement account                     0  -   22,148  +   24,034   -   19,627  -    4,734  -   21,745  +    5,192  -       85  +       33  +      257  -    1,081  +    7,736  +   32,168
                                                                                                                                                                                                         
Total assets                                   4,464,498      88,136   2,553,843      102,361     130,338     254,973     256,627     178,323      56,843      33,483      61,542     167,060     580,969

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 27, 2016 (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            1,599,272      49,950     517,813      49,991      81,493     111,718     222,016     106,013      50,374      27,760      41,270     133,149     207,725
    Less: Notes held by F.R. Banks               182,694       5,909      56,408       5,977       9,129      13,274      27,259      11,670       5,212       2,845       4,951      15,188      24,873
      Federal Reserve notes, net               1,416,578      44,041     461,405      44,014      72,364      98,444     194,757      94,343      45,162      24,915      36,318     117,961     182,853
  Reverse repurchase agreements (11)             309,026       7,591     175,857       8,391       9,255      18,886      17,296      12,313       3,900       2,278       4,301      11,000      37,959
  Deposits                                     2,691,974      34,559   1,900,632      47,563      45,440     128,218      41,687      69,860       7,221       5,462      20,388      37,329     353,615
    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                           2,332,237      34,552   1,547,839      47,560      45,437     128,119      41,678      63,058       7,212       5,462      20,387      37,328     353,606
    U.S. Treasury, General Account               316,238           0     316,238           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,269           2       5,242           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    38,230           6      31,313           1           0          90           7       6,801           8           0           1           1           3
  Deferred availability cash items                   760           0           0           0           0           0         246           0           0         515           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,643          42         929          47          53         101         100          60          17           9          23          61         202
  Other liabilities and accrued             
     dividends                                     4,425         156       1,868         185         189         516         323         259         125         133         120         203         350
                                                                                                                                                                                                        
Total liabilities                              4,424,406      86,390   2,540,691     100,200     127,301     246,164     254,408     176,835      56,424      33,312      61,150     166,554     574,978
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,092       1,305       9,853       1,611       2,276       6,579       1,664       1,221         316         128         292         380       4,469
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,464,498      88,136   2,553,843     102,361     130,338     254,973     256,627     178,323      56,843      33,483      61,542     167,060     580,969

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 27, 2016 (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 and Federal agency debt        
    securities, amortization is on a straight-line basis. For 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, and designated financial market utilities. 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   
                                                                                          Jul 27, 2016  

Federal Reserve notes outstanding                                                            1,599,272  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,694  
    Federal Reserve notes to be collateralized                                               1,416,578  
Collateral held against Federal Reserve notes                                                1,416,578  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,400,341  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,226,345  
  Less: Face value of securities under reverse repurchase agreements                           283,973  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,942,373  

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.