FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 11, 2017


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  May 10, 2017 
Federal Reserve Banks                                     May 10, 2017  May 3, 2017 May 11, 2016              

Reserve Bank credit                                         4,433,988   +    2,145   -    4,180    4,434,886  
  Securities held outright (1)                              4,245,651   +       28   +   12,165    4,245,660  
    U.S. Treasury securities                                2,464,806   +       27   +    3,244    2,464,815  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,740            0   -    2,552    2,339,740  
      Notes and bonds, inflation-indexed (2)                  106,803            0   +    3,669      106,803  
      Inflation compensation (3)                               18,263   +       27   +    2,126       18,272  
    Federal agency debt securities (2)                         11,829            0   -   15,267       11,829  
    Mortgage-backed securities (4)                          1,769,016   +        1   +   24,189    1,769,016  
  Unamortized premiums on securities held outright (5)        167,828   -      273   -   15,397      167,731  
  Unamortized discounts on securities held outright (5)       -14,841   +       18   +    1,222      -14,830  
  Repurchase agreements (6)                                         9   +        9   +        9           62  
  Loans                                                            41   -       16   -       44           45  
    Primary credit                                                  1   -       24   -       27            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                41   +        9   -       16           44  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        5        1,709  
  Float                                                          -302   +      473   -      139         -351  
  Central bank liquidity swaps (8)                                 35            0   -      136           35  
  Other Federal Reserve assets (9)                             33,858   +    1,906   -    1,855       34,825  
Foreign currency denominated assets (10)                       20,213   -       62   -      943       20,064  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,810   +       14   +      968       48,810  
                                                                                                              
Total factors supplying reserve funds                       4,519,252   +    2,098   -    4,155    4,520,001  

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  May 10, 2017 
Federal Reserve Banks                                     May 10, 2017  May 3, 2017 May 11, 2016              

Currency in circulation (11)                                 1,546,544   +    3,161   +   95,083    1,548,378 
Reverse repurchase agreements (12)                             404,522   -   11,377   +  136,622      425,093 
  Foreign official and international accounts                  241,620   -    1,926   +    2,422      237,824 
  Others                                                       162,902   -    9,451   +  134,201      187,269 
Treasury cash holdings                                             254   -        3   +      125          249 
Deposits with F.R. Banks, other than reserve balances          287,327   -   48,802   -   66,415      278,788 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               199,013   -   45,642   -  116,356      188,256 
  Foreign official                                               5,171   -        1   -        3        5,165 
  Other (13)                                                    83,143   -    3,160   +   49,944       85,367 
Other liabilities and capital (14)                              48,415   +      915   -       81       47,575 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,287,061   -   56,107   +  165,333    2,300,083 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,232,191   +   58,204   -  169,489    2,219,918 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, 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  May 10, 2017 
                                                          May 10, 2017  May 3, 2017 May 11, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,221,835   +    6,515   +    2,217    3,227,041 
  Marketable U.S. Treasury securities (1)                    2,905,344   +    6,410   -      625    2,909,985 
  Federal agency debt and mortgage-backed securities (2)       255,313   -       24   -    9,415      255,505 
  Other securities (3)                                          61,178   +      128   +   12,258       61,551 
Securities lent to dealers                                      21,786   +      324   +    4,594       21,352 
  Overnight facility (4)                                        21,786   +      324   +    4,594       21,352 
    U.S. Treasury securities                                    21,757   +      327   +    4,590       21,326 
    Federal agency debt securities                                  29   -        3   +        5           26 

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, May 10, 2017        

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                                            8            37             0             0             0           ...            45 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  20,483        37,862       223,204     1,170,574       384,944       627,747     2,464,815 
  Weekly changes                                 0             0    +        1    +        4    +        5    +       14    +       23 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,995           737         3,706         2,044             0         2,347        11,829 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           200        11,318     1,757,499     1,769,016 
  Weekly changes                                 0             0             0             0             0    +        1    +        1 
Repurchase agreements (4)                       62             0           ...           ...           ...           ...            62 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          425,093             0           ...           ...           ...           ...       425,093 
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   
                                                                                                                      May 10, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,016  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           31,435  
Commitments to sell mortgage-backed securities (2)                                                                             154  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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   
                                                                                                                      May 10, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
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 March 31, 2017. 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       May 10, 2017   Wednesday    Wednesday  
                                                        consolidation                 May 3, 2017 May 11, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,860   -       18   -       17  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,398,667   -      165   -    1,981  
    Securities held outright (1)                                          4,245,660   +       24   +   12,132  
      U.S. Treasury securities                                            2,464,815   +       23   +    3,210  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,740            0   -    2,552  
        Notes and bonds, inflation-indexed (2)                              106,803            0   +    3,669  
        Inflation compensation (3)                                           18,272   +       23   +    2,093  
      Federal agency debt securities (2)                                     11,829            0   -   15,267  
      Mortgage-backed securities (4)                                      1,769,016   +        1   +   24,189  
    Unamortized premiums on securities held outright  
    (5)                                                                     167,731   -      261   -   15,372  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,830   +       30   +    1,221  
    Repurchase agreements (6)                                                    62   +       62   +       62  
    Loans                                                                        45   -       18   -       23  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        4  
  Items in process of collection                                   (0)           62   -       51   -       73  
  Bank premises                                                               2,196   -        3   -       23  
  Central bank liquidity swaps (8)                                               35            0   +       35  
  Foreign currency denominated assets (9)                                    20,064   -      175   -    1,056  
  Other assets (10)                                                          32,630   +    2,625   -    1,833  
                                                                                                               
Total assets                                                       (0)    4,473,459   +    2,213   -    4,952  

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       May 10, 2017   Wednesday    Wednesday  
                                                        consolidation                 May 3, 2017 May 11, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,501,672   +    2,139   +   94,855 
  Reverse repurchase agreements (11)                                         425,093   -    7,527   +  155,504 
  Deposits                                                          (0)    2,498,707   +    7,473   -  255,834 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,219,918   +   19,097   -  189,850 
    U.S. Treasury, General Account                                           188,256   -   15,152   -  117,586 
    Foreign official                                                           5,165   -       35   -        9 
    Other (12)                                                      (0)       85,367   +    3,562   +   51,610 
  Deferred availability cash items                                  (0)          413   -      190   +       89 
  Other liabilities and accrued dividends (13)                                 6,860   +      296   -      238 
                                                                                                               
Total liabilities                                                   (0)    4,432,744   +    2,191   -    5,625 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,716   +       23   +      674 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,716   +       23   +      674 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, 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, May 10, 2017
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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,860          49          55          171         130         282         192         290          27          53         119         188         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,398,667      85,707   2,476,828      113,570     127,556     257,718     258,919     185,015      58,666      34,301      62,388     176,090     561,908
    Securities held outright (1)               4,245,660      82,721   2,390,696      109,621     123,120     248,756     249,915     178,567      56,615      33,101      60,213     169,966     542,367
      U.S. Treasury securities                 2,464,815      48,024   1,387,917       63,640      71,477     144,415     145,088     103,667      32,868      19,217      34,957      98,674     314,871
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,815      48,024   1,387,917       63,640      71,477     144,415     145,088     103,667      32,868      19,217      34,957      98,674     314,871
      Federal agency debt securities (2)          11,829         230       6,661          305         343         693         696         498         158          92         168         474       1,511
      Mortgage-backed securities (4)           1,769,016      34,467     996,119       45,675      51,300     103,648     104,131      74,403      23,589      13,792      25,089      70,819     225,985
    Unamortized premiums on securities held 
      outright (5)                               167,731       3,268      94,448        4,331       4,864       9,827       9,873       7,055       2,237       1,308       2,379       6,715      21,427
    Unamortized discounts on securities     
      held outright (5)                          -14,830        -289      -8,351         -383        -430        -869        -873        -624        -198        -116        -210        -594      -1,894
    Repurchase agreements (6)                         62           1          35            2           2           4           4           3           1           0           1           2           8
    Loans                                             45           6           0            0           0           0           0          15          11           7           6           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      62           0           0            0           0           0          61           0           0           1           0           0           0
  Bank premises                                    2,196         119         441           72         108         202         204         199         112          88         236         221         193
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,064         870       6,426        1,079       1,634       4,336       1,170         840         219          85         195         256       2,954
  Other assets (10)                               32,630         683      17,864          844         955       2,104       1,947       1,376         538         278         534       1,348       4,157
  Interdistrict settlement account                     0  -    5,788  -   41,178   +      452  +    1,128  -   12,857  -    1,919  +   44,483  +      449  +    1,860  +    6,318  +    7,375  -      325
                                                                                                                                                                                                         
Total assets                                   4,473,459      82,187   2,467,568      116,748     132,304     252,980     262,750     233,365      60,503      36,947      70,237     186,677     571,194

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, May 10, 2017 (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            1,676,732      56,493     528,018      54,934      85,231     121,721     223,960     115,577      52,087      30,605      47,972     142,425     217,709
    Less: Notes held by F.R. Banks               175,060       5,769      43,992       8,024      10,423      12,748      25,917      11,703       5,631       2,934       5,784      16,673      25,462
      Federal Reserve notes, net               1,501,672      50,724     484,026      46,910      74,808     108,973     198,043     103,873      46,456      27,671      42,188     125,752     192,247
  Reverse repurchase agreements (11)             425,093       8,282     239,366      10,976      12,327      24,906      25,023      17,879       5,669       3,314       6,029      17,018      54,304
  Deposits                                     2,498,707      21,234   1,727,613      56,446      41,642     109,684      36,858     109,511       7,762       5,295      21,464      43,116     318,081
    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                           2,219,918      21,228   1,505,047      56,444      41,639     109,444      36,849      53,569       7,751       5,295      21,463      43,115     318,074
    U.S. Treasury, General Account               188,256           0     188,256           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    85,367           4      29,171           0           0         231           7      55,940          11           0           1           0           1
  Deferred availability cash items                   413           0           0           0           0           0          63           0           0         350           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,569          25         936          34          39          58         103          56          22          12          26          72         188
  Other liabilities and accrued             
     dividends                                     5,290         167       2,610         197         198         503         308         292         140         132         130         206         408
                                                                                                                                                                                                        
Total liabilities                              4,432,744      80,433   2,454,551     114,562     129,014     244,125     260,397     231,611      60,048      36,775      69,836     186,163     565,228
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,716       1,321       9,815       1,648       2,476       6,694       1,770       1,335         345         129         303         386       4,494
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,473,459      82,187   2,467,568     116,748     132,304     252,980     262,750     233,365      60,503      36,947      70,237     186,677     571,194

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, May 10, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, 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   
                                                                                          May 10, 2017  

Federal Reserve notes outstanding                                                            1,676,732  
  Less: Notes held by F.R. Banks not subject to collateralization                              175,060  
    Federal Reserve notes to be collateralized                                               1,501,672  
Collateral held against Federal Reserve notes                                                1,501,672  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,485,435  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,245,722  
  Less: Face value of securities under reverse repurchase agreements                           406,025  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,839,697  

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.