FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 10, 2015


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   Dec 9, 2015 
Federal Reserve Banks                                      Dec 9, 2015  Dec 2, 2015 Dec 10, 2014              

Reserve Bank credit                                         4,441,625   +    1,527   -    6,135    4,442,320  
  Securities held outright (1)                              4,239,329   -       14   +    9,254    4,239,330  
    U.S. Treasury securities                                2,461,594   -       16   +       10    2,461,589  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       74    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,421   -       16   +       18       16,416  
    Federal agency debt securities (2)                         32,944            0   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,744,791   +        2   +   14,977    1,744,796  
  Unamortized premiums on securities held outright (5)        190,627   -      358   -   16,975      190,518  
  Unamortized discounts on securities held outright (5)       -16,686   +       31   +    1,823      -16,675  
  Repurchase agreements (6)                                         0   -       84            0            0  
  Loans                                                            76   -       11   -       24           81  
    Primary credit                                                  2   -        2   -        5            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                74   -       10   -       19           77  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,716   +        1   +       35        1,715  
  Float                                                           284   +       48   +      868           44  
  Central bank liquidity swaps (8)                                136            0   +      134          136  
  Other Federal Reserve assets (9)                             26,144   +    1,917   -    1,250       27,171  
Foreign currency denominated assets (10)                       19,504   +      312   -    1,726       19,669  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,467   +       14   +    1,186       47,467  
                                                                                                              
Total factors supplying reserve funds                       4,524,837   +    1,853   -    6,675    4,525,698  

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   Dec 9, 2015 
Federal Reserve Banks                                      Dec 9, 2015  Dec 2, 2015 Dec 10, 2014              

Currency in circulation (11)                                 1,410,709   -      579   +   92,327    1,412,681 
Reverse repurchase agreements (12)                             264,900   -   24,281   +   24,994      283,830 
  Foreign official and international accounts                  190,010   -    5,132   +   97,710      195,867 
  Others                                                        74,890   -   19,148   -   72,716       87,963 
Treasury cash holdings                                             251   +       12   +       59          245 
Deposits with F.R. Banks, other than reserve balances          257,857   +   20,723   -  218,049      252,215 
  Term deposits held by depository institutions                 43,832   +   43,832   -  358,321       43,832 
  U.S. Treasury, General Account                               186,624   -   26,132   +  126,532      175,746 
  Foreign official                                               5,257   -      156   +       38        5,429 
  Other (13)                                                    22,145   +    3,179   +   13,702       27,208 
Other liabilities and capital (14)                              67,251   +    1,010   +    3,263       66,712 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,000,967   -    3,116   -   97,407    2,015,683 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,523,870   +    4,969   +   90,732    2,510,015 

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.                        
14. Includes the liability for interest on Federal Reserve notes due to 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   Dec 9, 2015 
                                                           Dec 9, 2015  Dec 2, 2015 Dec 10, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,317,933   -    6,342   -    6,283    3,316,655 
  Marketable U.S. Treasury securities (1)                    2,999,780   -    6,253   +   18,233    2,998,419 
  Federal agency debt and mortgage-backed securities (2)       272,014   -       99   -   28,578      272,070 
  Other securities (3)                                          46,139   +       10   +    4,063       46,166 
Securities lent to dealers                                      12,976   -    1,160   +    1,346       14,328 
  Overnight facility (4)                                        12,976   -    1,160   +    1,346       14,328 
    U.S. Treasury securities                                    12,846   -    1,200   +    1,862       14,177 
    Federal agency debt securities                                 131   +       41   -      515          151 

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, December 9, 2015    

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                                           23            58             0             0             0           ...            81 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        38,619       165,795     1,124,297       494,992       637,886     2,461,589 
  Weekly changes                                 0             0    -        1    -        2    -        2    -        8    -       12 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,626        12,825        16,146             0         2,347        32,944 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           481         9,137     1,735,179     1,744,796 
  Weekly changes                                 0             0             0    +      100    -       27    -       65    +        7 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               136             0             0             0             0             0           136 
                                                                                                                                       
Reverse repurchase agreements (4)          283,830             0           ...           ...           ...           ...       283,830 
Term deposits                               43,832             0             0           ...           ...           ...        43,832 

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   
                                                                                                                       Dec 9, 2015  

Mortgage-backed securities held outright (1)                                                                             1,744,796  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           33,865  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   14  



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   
                                                                                                                       Dec 9, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
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 September 30, 2015. 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        Dec 9, 2015   Wednesday    Wednesday  
                                                        consolidation                 Dec 2, 2015 Dec 10, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,887   +       33   +       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,413,253   -      887   -    5,892  
    Securities held outright (1)                                          4,239,330   -        4   +    9,277  
      U.S. Treasury securities                                            2,461,589   -       12   +       29  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       74  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,416   -       12   +       37  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,744,796   +        7   +   14,980  
    Unamortized premiums on securities held outright  
    (5)                                                                     190,518   -      331   -   16,955  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,675   +       31   +    1,823  
    Repurchase agreements (6)                                                     0   -      590            0  
    Loans                                                                        81   +        9   -       36  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715   -        1   +       34  
  Items in process of collection                                   (0)          366   -        7   +      286  
  Bank premises                                                               2,229   +        2   -       34  
  Central bank liquidity swaps (8)                                              136   +        1   +      134  
  Foreign currency denominated assets (9)                                    19,669   +      472   -    1,756  
  Other assets (10)                                                          24,942   +    2,752   -    1,228  
                                                                                                               
Total assets                                                       (0)    4,480,436   +    2,367   -    8,429  

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        Dec 9, 2015   Wednesday    Wednesday  
                                                        consolidation                 Dec 2, 2015 Dec 10, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,367,342   +      740   +   89,926 
  Reverse repurchase agreements (11)                                         283,830   +   13,481   +   36,477 
  Deposits                                                          (0)    2,762,230   -   13,160   -  137,239 
    Term deposits held by depository institutions                             43,832   +   43,832   -  358,321 
    Other deposits held by depository institutions                         2,510,015   -   22,175   +   81,081 
    U.S. Treasury, General Account                                           175,746   -   41,521   +  126,939 
    Foreign official                                                           5,429   +      208   +      177 
    Other (12)                                                      (0)       27,208   +    6,496   +   12,885 
  Deferred availability cash items                                  (0)          323   +       24   -      300 
  Other liabilities and accrued dividends (13)                                 8,012   +    1,267   +    1,103 
                                                                                                               
Total liabilities                                                   (0)    4,421,737   +    2,353   -   10,033 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,350   +        7   +      802 
  Surplus                                                                     29,350   +        7   +      802 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,700   +       15   +    1,605 

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.                        
13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, December 9, 2015
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         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,887          47          73          129         134         302         188         277          31          44         150         196         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,413,253     111,872   2,649,280      109,763     106,104     239,696     248,528     163,974      46,027      26,888      57,334     142,165     511,621
    Securities held outright (1)               4,239,330     107,465   2,544,920      105,439     101,924     230,253     238,725     157,510      44,210      25,782      55,071     136,563     491,468
      U.S. Treasury securities                 2,461,589      62,400   1,477,722       61,224      59,182     133,698     138,617      91,459      25,671      14,970      31,977      79,296     285,373
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,589      62,400   1,477,722       61,224      59,182     133,698     138,617      91,459      25,671      14,970      31,977      79,296     285,373
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,744,796      44,230   1,047,422       43,396      41,949      94,766      98,253      64,827      18,196      10,611      22,666      56,206     202,275
    Unamortized premiums on securities held 
      outright (5)                               190,518       4,830     114,370        4,738       4,580      10,348      10,728       7,079       1,987       1,159       2,475       6,137      22,087
    Unamortized discounts on securities     
      held outright (5)                          -16,675        -423     -10,010         -415        -401        -906        -939        -620        -174        -101        -217        -537      -1,933
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             81           0           0            0           1           1          14           5           5          49           5           3           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     366           0           0            0           0           0         365           0           0           1           0           0           0
  Bank premises                                    2,229         125         436           74         106         212         207         203         118          92         239         220         197
  Central bank liquidity swaps (8)                   136           6          44            8          11          31           8           4           1           1           1           2          20
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,669         892       6,342        1,099       1,533       4,513       1,119         528         183          83         207         283       2,888
  Other assets (10)                               24,942         663      14,405          625         605       1,525       1,416         940         477         179         362         850       2,894
  Interdistrict settlement account                     0  -    7,462  -  193,605   +    5,245  +   26,577  +   45,307  +    5,627  +   23,010  +   12,336  +    6,148  +    4,083  +   16,679  +   56,056
                                                                                                                                                                                                         
Total assets                                   4,480,436     106,686   2,484,218      117,494     135,812     292,782     259,712     190,094      59,623      33,695      62,818     161,567     575,936

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, December 9, 2015 (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            1,548,831      49,179     499,180      49,663      83,326     107,326     218,951     103,708      51,953      26,984      40,994     124,903     192,664
    Less: Notes held by F.R. Banks               181,489       5,520      67,638       5,847       8,889      11,945      21,541      10,230       4,752       2,734       4,554      13,568      24,271
      Federal Reserve notes, net               1,367,342      43,659     431,542      43,817      74,437      95,382     197,410      93,478      47,202      24,250      36,440     111,335     168,393
  Reverse repurchase agreements (11)             283,830       7,195     170,386       7,059       6,824      15,416      15,983      10,546       2,960       1,726       3,687       9,143      32,905
  Deposits                                     2,762,230      52,977   1,859,032      63,071      49,724     167,944      42,377      84,138       8,712       7,177      21,918      39,962     365,198
    Term deposits held by depository        
        institutions                              43,832         125      16,728       4,250       6,900          29          10       5,370          20           0       2,700           0       7,700
    Other deposits held by depository       
        institutions                           2,510,015      52,848   1,641,477      58,819      42,821     167,708      42,358      71,461       8,683       7,176      19,216      39,960     357,487
    U.S. Treasury, General Account               175,746           0     175,746           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,429           2       5,402           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    27,208           2      19,679           0           0         198           7       7,306           9           0           1           1           5
  Deferred availability cash items                   323           0           0           0           0           0         186           0           0         136           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                         2,665          76       1,493          81          90         229         145          92          25          14          30          72         319
  Other liabilities and accrued             
     dividends                                     5,347         171       2,479         218         243         647         335         258         135         140         130         183         408
                                                                                                                                                                                                        
Total liabilities                              4,421,737     104,077   2,464,932     114,246     131,317     279,618     256,437     188,512      59,033      33,443      62,205     160,695     567,222
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,350       1,304       9,643       1,624       2,248       6,582       1,638         791         295         126         307         436       4,357
  Surplus                                         29,350       1,304       9,643       1,624       2,248       6,582       1,638         791         295         126         307         436       4,357
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,480,436     106,686   2,484,218     117,494     135,812     292,782     259,712     190,094      59,623      33,695      62,818     161,567     575,936

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, December 9, 2015 (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.                               
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


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   
                                                                                           Dec 9, 2015  

Federal Reserve notes outstanding                                                            1,548,831  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,489  
    Federal Reserve notes to be collateralized                                               1,367,342  
Collateral held against Federal Reserve notes                                                1,367,342  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,351,105  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,330  
  Less: Face value of securities under reverse repurchase agreements                           277,402  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,961,928  

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.