FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 25, 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  Nov 23, 2016 
Federal Reserve Banks                                     Nov 23, 2016 Nov 16, 2016 Nov 25, 2015              

Reserve Bank credit                                         4,422,151   +    2,364   -   29,353    4,427,359  
  Securities held outright (1)                              4,236,868   +   12,055   -   13,063    4,241,330  
    U.S. Treasury securities                                2,463,767   +       66   +    2,118    2,463,801  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,674            0   -    5,965    2,340,674  
      Notes and bonds, inflation-indexed (2)                  105,526            0   +    6,992      105,526  
      Inflation compensation (3)                               17,567   +       66   +    1,091       17,601  
    Federal agency debt securities (2)                         18,493            0   -   14,451       18,493  
    Mortgage-backed securities (4)                          1,754,607   +   11,988   -      731    1,759,036  
  Unamortized premiums on securities held outright (5)        175,578   +      164   -   16,099      175,630  
  Unamortized discounts on securities held outright (5)       -15,236   +       12   +    1,515      -15,218  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            29   -       17   -       91           47  
    Primary credit                                                  4   -       14   -       25           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                25   -        2   -       66           31  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707   -        1   -        6        1,700  
  Float                                                          -378   +       19   -      634         -458  
  Central bank liquidity swaps (8)                                201   -      770   +       56          201  
  Other Federal Reserve assets (9)                             23,381   -    9,099   -    1,030       24,128  
Foreign currency denominated assets (10)                       20,013   -      510   +      746       19,834  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,323   +       14   +      801       48,323  
                                                                                                              
Total factors supplying reserve funds                       4,506,728   +    1,868   -   27,806    4,511,757  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 23, 2016 
Federal Reserve Banks                                     Nov 23, 2016 Nov 16, 2016 Nov 25, 2015              

Currency in circulation (11)                                 1,491,102   +      379   +   84,591    1,494,686 
Reverse repurchase agreements (12)                             365,231   +   27,186   +   53,585      374,359 
  Foreign official and international accounts                  247,567   +    9,448   +   54,987      254,988 
  Others                                                       117,664   +   17,738   -    1,402      119,371 
Treasury cash holdings                                             179   -       14   -       64          167 
Deposits with F.R. Banks, other than reserve balances          472,598   +   11,552   +  276,421      493,068 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               399,665   -      960   +  236,174      386,683 
  Foreign official                                               5,181   +       14   +      317        5,166 
  Other (13)                                                    67,752   +   12,497   +   39,930      101,219 
Other liabilities and capital (14)                              46,715   -      371   -   19,633       46,293 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,375,826   +   38,732   +  394,900    2,408,573 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,130,901   -   36,865   -  422,707    2,103,184 

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  Nov 23, 2016 
                                                          Nov 23, 2016 Nov 16, 2016 Nov 25, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,120,429   +    1,044   -  201,963    3,116,828 
  Marketable U.S. Treasury securities (1)                    2,798,194   -      891   -  205,099    2,792,569 
  Federal agency debt and mortgage-backed securities (2)       262,063   +    2,403   -   11,267      264,813 
  Other securities (3)                                          60,172   -      468   +   14,403       59,447 
Securities lent to dealers                                      21,704   -      962   +    6,710       20,886 
  Overnight facility (4)                                        21,704   -      962   +    6,710       20,886 
    U.S. Treasury securities                                    21,679   -      956   +    6,764       20,875 
    Federal agency debt securities                                  25   -        6   -       54           11 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 23, 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                                           45             2             0             0             0           ...            47 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  10,537        29,316       152,126     1,243,299       395,485       633,038     2,463,801 
  Weekly changes                                 0    +    7,160    -    7,157    +       13    +   10,786    -   10,724    +       79 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         5,164         8,938         2,044             0         2,347        18,493 
  Weekly changes                                 0    +    1,500    +      866    -    2,366             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,579         9,552     1,747,906     1,759,036 
  Weekly changes                                 0             0             0             0    -    1,578    +   12,824    +   11,245 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               201             0             0             0             0             0           201 
                                                                                                                                       
Reverse repurchase agreements (4)          374,359             0           ...           ...           ...           ...       374,359 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 23, 2016  

Mortgage-backed securities held outright (1)                                                                             1,759,036  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           28,646  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   15  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 23, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,700  
                                                                                                                                    
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, 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       Nov 23, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 16, 2016 Nov 25, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,830   -       36   -       27  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,788   +   11,476   -   12,101  
    Securities held outright (1)                                          4,241,330   +   11,324   +    1,968  
      U.S. Treasury securities                                            2,463,801   +       79   +    2,173  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,674            0   -    5,965  
        Notes and bonds, inflation-indexed (2)                              105,526            0   +    6,992  
        Inflation compensation (3)                                           17,601   +       79   +    1,146  
      Federal agency debt securities (2)                                     18,493            0   -   14,451  
      Mortgage-backed securities (4)                                      1,759,036   +   11,245   +   14,247  
    Unamortized premiums on securities held outright  
    (5)                                                                     175,630   +       95   -   15,536  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,218   +       40   +    1,514  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        47   +       19   -       47  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,700   -        8   -       15  
  Items in process of collection                                   (0)           63   -       14   -      485  
  Bank premises                                                               2,204            0   -       29  
  Central bank liquidity swaps (8)                                              201   -      770   +       56  
  Foreign currency denominated assets (9)                                    19,834   -      411   +      620  
  Other assets (10)                                                          21,924   +    1,911   +      674  
                                                                                                               
Total assets                                                       (0)    4,465,782   +   12,149   -   11,306  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 23, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 16, 2016 Nov 25, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,448,356   +    3,804   +   83,048 
  Reverse repurchase agreements (11)                                         374,359   +   19,010   +   82,567 
  Deposits                                                          (0)    2,596,252   -   11,403   -  157,635 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,103,184   -   74,401   -  471,777 
    U.S. Treasury, General Account                                           386,683   +   10,775   +  232,468 
    Foreign official                                                           5,166   -        1   -       54 
    Other (12)                                                      (0)      101,219   +   52,223   +   81,728 
  Deferred availability cash items                                  (0)          522   -        1   +       89 
  Other liabilities and accrued dividends (13)                                 5,924   +      639   -    1,060 
                                                                                                               
Total liabilities                                                   (0)    4,425,413   +   12,049   +    7,009 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,370   +      102   +    1,028 
  Surplus                                                                     10,000            0   -   19,342 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,370   +      102   -   18,314 

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, November 23, 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                                             1,830          45          66          162         130         299         170         274          27          50         118         182         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,788     108,130   2,504,887      119,517     131,825     269,007     246,370     175,403      55,556      32,461      61,267     156,684     540,683
    Securities held outright (1)               4,241,330     104,189   2,413,601      115,161     127,021     259,203     237,384     168,995      53,529      31,269      59,028     150,969     520,979
      U.S. Treasury securities                 2,463,801      60,524   1,402,068       66,898      73,787     150,572     137,897      98,170      31,095      18,165      34,290      87,698     302,638
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,801      60,524   1,402,068       66,898      73,787     150,572     137,897      98,170      31,095      18,165      34,290      87,698     302,638
      Federal agency debt securities (2)          18,493         454      10,524          502         554       1,130       1,035         737         233         136         257         658       2,272
      Mortgage-backed securities (4)           1,759,036      43,211   1,001,010       47,762      52,680     107,501      98,452      70,089      22,200      12,969      24,481      62,612     216,069
    Unamortized premiums on securities held 
      outright (5)                               175,630       4,314      99,946        4,769       5,260      10,733       9,830       6,998       2,217       1,295       2,444       6,252      21,573
    Unamortized discounts on securities     
      held outright (5)                          -15,218        -374      -8,660         -413        -456        -930        -852        -606        -192        -112        -212        -542      -1,869
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             47           0           0            0           0           0           8          16           2           9           6           5           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,700           0       1,700            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      63           0           0            0           0           0          63           0           0           0           0           0           0
  Bank premises                                    2,204         118         434           72         105         203         207         201         114          90         239         224         196
  Central bank liquidity swaps (8)                   201           9          66           11          15          45          11           5           2           1           2           3          31
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,834         876       6,546        1,091       1,511       4,423       1,101         532         203          85         198         251       3,017
  Other assets (10)                               21,924         568      11,952          595         653       1,481       1,237         874         467         180         348         880       2,689
  Interdistrict settlement account                     0  -   29,299  +   38,630   -    9,764  -    9,330  -   27,293  +    9,525  +    6,414  +    2,895  +    2,752  +    1,405  +   16,228  -    2,161
                                                                                                                                                                                                         
Total assets                                   4,465,782      80,999   2,569,687      112,253     125,731     249,337     260,878     184,880      59,774      35,902      64,025     175,608     546,708

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 23, 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            1,626,765      50,407     531,583      51,597      80,174     113,374     223,833     109,309      49,772      28,305      43,859     134,525     210,026
    Less: Notes held by F.R. Banks               178,409       5,848      48,621       6,352       9,153      13,602      27,193      11,470       5,576       3,130       5,598      15,827      26,039
      Federal Reserve notes, net               1,448,356      44,559     482,962      45,245      71,020      99,773     196,641      97,840      44,196      25,175      38,261     118,698     183,987
  Reverse repurchase agreements (11)             374,359       9,196     213,035      10,165      11,211      22,878      20,953      14,916       4,725       2,760       5,210      13,325      45,984
  Deposits                                     2,596,252      25,293   1,858,095      54,422      40,021     117,299      40,434      70,293      10,265       7,205      20,005      42,783     310,136
    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                           2,103,184      25,287   1,378,576      54,420      40,018     117,041      40,425      57,057      10,249       7,205      20,003      42,781     310,122
    U.S. Treasury, General Account               386,683           0     386,683           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,140           2           3           9           2           1           0           0           0           1           6
    Other (12)                                   101,219           5      87,697           0           0         249           7      13,235          16           0           1           1           8
  Deferred availability cash items                   522           0           0           0           0           0          82           0           0         440           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,568          31       1,004          29          27          19          97          60          18          12          23          69         179
  Other liabilities and accrued             
     dividends                                     4,356         170       1,550         204         213         564         341         274         134         140         131         218         417
                                                                                                                                                                                                        
Total liabilities                              4,425,413      79,249   2,556,647     110,066     122,492     240,532     258,548     183,383      59,338      35,732      63,630     175,093     540,703
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,370       1,308       9,741       1,637       2,477       6,574       1,775       1,228         333         128         296         389       4,483
  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                  4,465,782      80,999   2,569,687     112,253     125,731     249,337     260,878     184,880      59,774      35,902      64,025     175,608     546,708

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 23, 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   
                                                                                          Nov 23, 2016  

Federal Reserve notes outstanding                                                            1,626,765  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,409  
    Federal Reserve notes to be collateralized                                               1,448,356  
Collateral held against Federal Reserve notes                                                1,448,356  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,432,119  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,241,330  
  Less: Face value of securities under reverse repurchase agreements                           357,331  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,883,999  

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.