FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 10, 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   Mar 9, 2016 
Federal Reserve Banks                                      Mar 9, 2016  Mar 2, 2016 Mar 11, 2015              

Reserve Bank credit                                         4,441,358   +    2,150   -    9,026    4,442,218  
  Securities held outright (1)                              4,244,328   +       25   +    7,270    4,244,344  
    U.S. Treasury securities                                2,461,180   +       22   +    1,228    2,461,196  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,344,518   -    1,341   -    2,193    2,344,518  
      Notes and bonds, inflation-indexed (2)                  100,880   +    1,340   +    2,411      100,880  
      Inflation compensation (3)                               15,781   +       21   +    1,009       15,797  
    Federal agency debt securities (2)                         31,318            0   -    5,559       31,318  
    Mortgage-backed securities (4)                          1,751,830   +        3   +   11,601    1,751,830  
  Unamortized premiums on securities held outright (5)        186,525   -      352   -   17,521      186,413  
  Unamortized discounts on securities held outright (5)       -16,418   -       48   +    1,654      -16,406  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            12   -       22   -        6           12  
    Primary credit                                                  2   -       22   -       10            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10            0   +        4           10  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       35        1,722  
  Float                                                          -187   +      529   +      306         -241  
  Central bank liquidity swaps (8)                                 95   +        7   +       93           95  
  Other Federal Reserve assets (9)                             25,282   +    2,012   -      857       26,280  
Foreign currency denominated assets (10)                       20,260   +       91   +      742       20,310  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,740   +       14   +    1,139       47,740  
                                                                                                              
Total factors supplying reserve funds                       4,525,599   +    2,255   -    7,145    4,526,510  

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   Mar 9, 2016 
Federal Reserve Banks                                      Mar 9, 2016  Mar 2, 2016 Mar 11, 2015              

Currency in circulation (11)                                 1,435,074   +    4,248   +   80,102    1,437,450 
Reverse repurchase agreements (12)                             289,356   -   12,680   +   25,399      283,433 
  Foreign official and international accounts                  238,658   -    7,377   +  106,284      236,087 
  Others                                                        50,699   -    5,302   -   80,884       47,346 
Treasury cash holdings                                             240            0   +       28          239 
Deposits with F.R. Banks, other than reserve balances          238,346   -   23,995   +   77,830      225,796 
  Term deposits held by depository institutions                      0            0   -  107,229            0 
  U.S. Treasury, General Account                               211,443   -   25,764   +  172,012      196,297 
  Foreign official                                               5,224   -       15   +        1        5,171 
  Other (13)                                                    21,678   +    1,783   +   13,045       24,327 
Other liabilities and capital (14)                              46,690   +      297   -   18,140       46,367 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,009,706   -   32,130   +  165,219    1,993,285 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,515,893   +   34,385   -  172,364    2,533,225 

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 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   Mar 9, 2016 
                                                           Mar 9, 2016  Mar 2, 2016 Mar 11, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,254,451   +    3,414   +    6,513    3,253,581 
  Marketable U.S. Treasury securities (1)                    2,939,527   +    3,659   +   19,957    2,938,575 
  Federal agency debt and mortgage-backed securities (2)       266,137   -      368   -   18,666      266,149 
  Other securities (3)                                          48,787   +      123   +    5,223       48,857 
Securities lent to dealers                                      17,344   +    1,634   +    5,209       18,660 
  Overnight facility (4)                                        17,344   +    1,634   +    5,209       18,660 
    U.S. Treasury securities                                    17,260   +    1,611   +    5,604       18,586 
    Federal agency debt securities                                  85   +       24   -      394           74 

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, March 9, 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                                            2            10             0             0             0           ...            12 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        90,621       117,584     1,152,283       468,548       632,159     2,461,196 
  Weekly changes                                 0             0    +        2    +        7    +        6    +       28    +       44 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,061         4,161        11,767        10,982             0         2,347        31,318 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           778         9,029     1,742,022     1,751,830 
  Weekly changes                                 0             0             0             0    +       44    -       44    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                95             0             0             0             0             0            95 
                                                                                                                                       
Reverse repurchase agreements (4)          283,433             0           ...           ...           ...           ...       283,433 
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   
                                                                                                                       Mar 9, 2016  

Mortgage-backed securities held outright (1)                                                                             1,751,830  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           28,644  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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   
                                                                                                                       Mar 9, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
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 December 31, 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        Mar 9, 2016   Wednesday    Wednesday  
                                                        consolidation                 Mar 2, 2016 Mar 11, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,930   -        8   +       70  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,414,362   -      253   -    8,544  
    Securities held outright (1)                                          4,244,344   +       45   +    7,307  
      U.S. Treasury securities                                            2,461,196   +       44   +    1,288  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,518            0   -    2,193  
        Notes and bonds, inflation-indexed (2)                              100,880            0   +    2,411  
        Inflation compensation (3)                                           15,797   +       44   +    1,069  
      Federal agency debt securities (2)                                     31,318            0   -    5,559  
      Mortgage-backed securities (4)                                      1,751,830   +        1   +   11,578  
    Unamortized premiums on securities held outright  
    (5)                                                                     186,413   -      330   -   17,508  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,406   +       31   +    1,655  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        12   +        1   +        3  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       30  
  Items in process of collection                                   (0)          147   -       37   -       55  
  Bank premises                                                               2,225            0   -       23  
  Central bank liquidity swaps (8)                                               95   +        7   +       93  
  Foreign currency denominated assets (9)                                    20,310   +      167   +    1,084  
  Other assets (10)                                                          24,055   +    2,720   -      850  
                                                                                                               
Total assets                                                       (0)    4,481,083   +    2,598   -    8,196  

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        Mar 9, 2016   Wednesday    Wednesday  
                                                        consolidation                 Mar 2, 2016 Mar 11, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,391,874   +    3,902   +   80,201 
  Reverse repurchase agreements (11)                                         283,433   -    7,992   +   18,134 
  Deposits                                                          (0)    2,759,021   +    6,011   -   88,709 
    Term deposits held by depository institutions                                  0            0   -  107,229 
    Other deposits held by depository institutions                         2,533,225   +   36,643   -  159,468 
    U.S. Treasury, General Account                                           196,297   -   33,091   +  169,060 
    Foreign official                                                           5,171   -       69   -       65 
    Other (12)                                                      (0)       24,327   +    2,527   +    8,993 
  Deferred availability cash items                                  (0)          388   -       55   -      408 
  Other liabilities and accrued dividends (13)                                 6,833   +      723   +      630 
                                                                                                               
Total liabilities                                                   (0)    4,441,548   +    2,588   +    9,846 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,535   +        9   +      747 
  Surplus                                                                     10,000            0   -   18,788 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,535   +        9   -   18,042 

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 earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 9, 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         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                                             1,930          48          86          134         136         304         187         283          23          58         153         191         326
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,414,362     111,902   2,649,989      109,792     106,131     239,759     248,581     164,018      46,035      26,851      57,345     142,201     511,758
    Securities held outright (1)               4,244,344     107,592   2,547,930      105,564     102,044     230,525     239,008     157,696      44,262      25,812      55,136     136,724     492,049
      U.S. Treasury securities                 2,461,196      62,390   1,477,485       61,214      59,173     133,676     138,595      91,444      25,667      14,968      31,972      79,283     285,328
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,196      62,390   1,477,485       61,214      59,173     133,676     138,595      91,444      25,667      14,968      31,972      79,283     285,328
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,751,830      44,408   1,051,645       43,571      42,118      95,148      98,649      65,088      18,269      10,654      22,757      56,432     203,091
    Unamortized premiums on securities held 
      outright (5)                               186,413       4,725     111,906        4,636       4,482      10,125      10,497       6,926       1,944       1,134       2,422       6,005      21,611
    Unamortized discounts on securities     
      held outright (5)                          -16,406        -416      -9,849         -408        -394        -891        -924        -610        -171        -100        -213        -529      -1,902
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             12           0           2            0           0           0           0           5           0           5           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     147           0           0            0           0           0         146           0           0           0           0           0           0
  Bank premises                                    2,225         123         433           74         105         210         207         203         117          91         240         226         198
  Central bank liquidity swaps (8)                    95           4          31            5           7          22           5           3           1           0           1           1          14
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,310         921       6,549        1,135       1,583       4,660       1,155         545         189          85         214         293       2,982
  Other assets (10)                               24,055         640      13,823          601         585       1,483       1,372         907         497         172         355         821       2,799
  Interdistrict settlement account                     0  -   28,611  -  180,268   +   15,237  +   19,123  +   32,541  +   12,787  +    7,231  +   13,994  +    6,454  +    4,545  +   24,605  +   72,362
                                                                                                                                                                                                         
Total assets                                   4,481,083      85,569   2,497,891      127,528     128,414     280,174     266,695     174,349      61,304      33,974      63,293     169,510     592,382

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, March 9, 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            1,558,452      49,404     497,801      49,359      81,938     105,814     222,674     103,046      51,095      27,104      40,191     129,072     200,954
    Less: Notes held by F.R. Banks               166,578       5,677      58,495       5,993       8,559      11,460      20,488      10,223       4,496       2,492       4,697      12,444      21,555
      Federal Reserve notes, net               1,391,874      43,727     439,306      43,366      73,378      94,355     202,186      92,823      46,598      24,612      35,495     116,628     179,399
  Reverse repurchase agreements (11)             283,433       7,185     170,148       7,049       6,814      15,394      15,961      10,531       2,956       1,724       3,682       9,130      32,859
  Deposits                                     2,759,021      32,704   1,871,897      74,692      44,964     160,969      45,830      69,620      11,188       7,040      23,585      42,997     373,534
    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                           2,533,225      32,698   1,653,606      74,689      44,961     160,809      45,821      62,316      11,180       7,040      23,583      42,996     373,524
    U.S. Treasury, General Account               196,297           0     196,297           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,171           2       5,144           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    24,327           4      16,849           0           0         151           7       7,303           7           0           2           1           5
  Deferred availability cash items                   388           0           0           0           0           0          97           0           0         290           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,283          62       1,345          60          64         155         128          82          20          11          26          68         261
  Other liabilities and accrued             
     dividends                                     4,549         144       2,161         180         181         496         297         225         129         127         109         184         318
                                                                                                                                                                                                        
Total liabilities                              4,441,548      83,822   2,484,856     125,346     125,403     271,369     264,500     173,282      60,891      33,804      62,897     169,007     586,371
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,535       1,305       9,736       1,631       2,250       6,575       1,640         799         311         127         296         376       4,489
  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                  4,481,083      85,569   2,497,891     127,528     128,414     280,174     266,695     174,349      61,304      33,974      63,293     169,510     592,382

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, March 9, 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.                               
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   
                                                                                           Mar 9, 2016  

Federal Reserve notes outstanding                                                            1,558,452  
  Less: Notes held by F.R. Banks not subject to collateralization                              166,578  
    Federal Reserve notes to be collateralized                                               1,391,874  
Collateral held against Federal Reserve notes                                                1,391,874  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,375,637  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,244,344  
  Less: Face value of securities under reverse repurchase agreements                           262,532  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,981,812  

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.