FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 30, 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  Mar 29, 2017 
Federal Reserve Banks                                     Mar 29, 2017 Mar 22, 2017 Mar 30, 2016              

Reserve Bank credit                                         4,436,371   +      154   -    8,216    4,430,526  
  Securities held outright (1)                              4,251,603   -      417   +    6,546    4,246,783  
    U.S. Treasury securities                                2,464,276   +      362   +    2,966    2,464,335  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,611   +      200   -    3,907    2,340,611  
      Notes and bonds, inflation-indexed (2)                  105,901            0   +    5,021      105,901  
      Inflation compensation (3)                               17,763   +      161   +    1,851       17,823  
    Federal agency debt securities (2)                         13,329            0   -   15,928       13,329  
    Mortgage-backed securities (4)                          1,773,998   -      779   +   19,508    1,769,118  
  Unamortized premiums on securities held outright (5)        169,752   -      267   -   16,111      169,503  
  Unamortized discounts on securities held outright (5)       -14,960   +       26   +    1,354      -14,948  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            11   +        2   -       25           11  
    Primary credit                                                  3            0   -       20            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 8   +        3   -        6           10  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   -       15        1,707  
  Float                                                          -351   -       61   +       49         -719  
  Central bank liquidity swaps (8)                              1,007   -       12   +      959        1,007  
  Other Federal Reserve assets (9)                             27,602   +      882   -      973       27,184  
Foreign currency denominated assets (10)                       20,232   +      167   -      277       20,158  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,726   +       14   +    1,014       48,726  
                                                                                                              
Total factors supplying reserve funds                       4,521,570   +      334   -    7,479    4,515,652  

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 29, 2017 
Federal Reserve Banks                                     Mar 29, 2017 Mar 22, 2017 Mar 30, 2016              

Currency in circulation (11)                                 1,534,102   +    2,310   +   92,829    1,536,334 
Reverse repurchase agreements (12)                             468,923   -   12,486   +  164,714      510,897 
  Foreign official and international accounts                  249,997   +    5,058   +   14,231      250,540 
  Others                                                       218,926   -   17,544   +  150,483      260,357 
Treasury cash holdings                                             266   +        3   +       49          267 
Deposits with F.R. Banks, other than reserve balances          160,621   +   12,663   -  166,644      150,725 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                65,187   -    5,640   -  219,473       63,101 
  Foreign official                                               5,168   -        5   -       42        5,164 
  Other (13)                                                    90,266   +   18,309   +   52,871       82,460 
Other liabilities and capital (14)                              48,726   +      325   +    1,057       47,445 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,212,639   +    2,816   +   92,006    2,245,668 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,308,932   -    2,481   -   99,485    2,269,984 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Mar 29, 2017 
                                                          Mar 29, 2017 Mar 22, 2017 Mar 30, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,207,011   -    4,832   -   53,431    3,206,297 
  Marketable U.S. Treasury securities (1)                    2,883,738   -    3,713   -   62,928    2,883,579 
  Federal agency debt and mortgage-backed securities (2)       261,066   -    1,689   -    4,820      260,589 
  Other securities (3)                                          62,208   +      571   +   14,318       62,129 
Securities lent to dealers                                      24,768   +      941   +    2,115       23,376 
  Overnight facility (4)                                        24,768   +      941   +    2,115       23,376 
    U.S. Treasury securities                                    24,696   +      945   +    2,086       23,293 
    Federal agency debt securities                                  73   -        4   +       31           83 

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 29, 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                                           11             0             0             0             0           ...            11 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,559        46,911       183,368     1,216,893       376,236       627,368     2,464,335 
  Weekly changes                                 0    +        1    +        5    +       26    +       33    +      297    +      361 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         5,232         3,706         2,044             0         2,347        13,329 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            57        11,038     1,758,023     1,769,118 
  Weekly changes                                 0             0             0    -      118    -      384    -    8,025    -    8,527 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,007             0             0             0             0             0         1,007 
                                                                                                                                       
Reverse repurchase agreements (4)          510,897             0           ...           ...           ...           ...       510,897 
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 29, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,118  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,546  
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 29, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
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, 2016. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 29, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 22, 2017 Mar 30, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,912   -        9   +       36  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,348   -    8,651   -   11,605  
    Securities held outright (1)                                          4,246,783   -    8,164   +    3,117  
      U.S. Treasury securities                                            2,464,335   +      361   +    3,009  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,611   +      200   -    3,907  
        Notes and bonds, inflation-indexed (2)                              105,901            0   +    5,021  
        Inflation compensation (3)                                           17,823   +      162   +    1,895  
      Federal agency debt securities (2)                                     13,329            0   -   15,928  
      Mortgage-backed securities (4)                                      1,769,118   -    8,527   +   16,036  
    Unamortized premiums on securities held outright  
    (5)                                                                     169,503   -      516   -   16,054  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,948   +       28   +    1,353  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        11   +        2   -       21  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   -       15  
  Items in process of collection                                   (0)           65   +       16   -       77  
  Bank premises                                                               2,200   +        1   -       26  
  Central bank liquidity swaps (8)                                            1,007   -       12   +      959  
  Foreign currency denominated assets (9)                                    20,158   -       47   -      523  
  Other assets (10)                                                          24,984   +       86   -    1,972  
                                                                                                               
Total assets                                                       (0)    4,469,618   -    8,618   -   13,222  

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 29, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 22, 2017 Mar 30, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,489,783   +    2,478   +   92,141 
  Reverse repurchase agreements (11)                                         510,897   +   15,179   +  141,209 
  Deposits                                                          (0)    2,420,709   -   26,241   -  246,512 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,269,985   -   43,977   -   66,101 
    U.S. Treasury, General Account                                            63,101   +    8,856   -  228,811 
    Foreign official                                                           5,164   -        7   -        8 
    Other (12)                                                      (0)       82,460   +    8,888   +   48,410 
  Deferred availability cash items                                  (0)          783   +      297   -      607 
  Other liabilities and accrued dividends (13)                                 6,850   -      361   +       27 
                                                                                                               
Total liabilities                                                   (0)    4,429,023   -    8,647   -   13,740 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,595   +       30   +      518 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,595   +       30   +      518 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 29, 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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,912          53          66          174         134         298         187         289          24          55         122         195         315
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,348     108,122   2,504,656      119,506     131,813     268,982     246,339     175,375      55,548      32,449      61,259     156,664     540,633
    Securities held outright (1)               4,246,783     104,323   2,416,704      115,309     127,184     259,537     237,689     169,213      53,598      31,310      59,104     151,163     521,649
      U.S. Treasury securities                 2,464,335      60,537   1,402,372       66,912      73,803     150,605     137,927      98,191      31,102      18,168      34,297      87,717     302,704
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,335      60,537   1,402,372       66,912      73,803     150,605     137,927      98,191      31,102      18,168      34,297      87,717     302,704
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,769,118      43,459   1,006,747       48,035      52,982     108,117      99,016      70,490      22,328      13,043      24,621      62,971     217,308
    Unamortized premiums on securities held 
      outright (5)                               169,503       4,164      96,458        4,602       5,076      10,359       9,487       6,754       2,139       1,250       2,359       6,033      20,821
    Unamortized discounts on securities     
      held outright (5)                          -14,948        -367      -8,507         -406        -448        -914        -837        -596        -189        -110        -208        -532      -1,836
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             11           2           0            0           0           0           0           4           0           0           4           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      65           0           0            0           0           0          64           0           0           0           0           0           0
  Bank premises                                    2,200         120         439           72         108         201         204         200         113          89         238         222         195
  Central bank liquidity swaps (8)                 1,007          45         332           55          77         225          56          27          10           4          10          13         153
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,158         891       6,652        1,109       1,535       4,496       1,119         540         207          86         201         256       3,067
  Other assets (10)                               24,984         651      13,687          689         751       1,704       1,421       1,003         379         207         398       1,016       3,075
  Interdistrict settlement account                     0  -    4,370  -  178,815   +    5,844  -    5,994  +    2,687  +   24,843  +   60,794  +    7,200  +    5,224  +    7,690  +   33,028  +   41,868
                                                                                                                                                                                                         
Total assets                                   4,469,618     106,062   2,354,130      128,019     129,247     279,765     276,429     239,406      63,991      38,398      70,368     192,551     591,252

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 29, 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            1,663,111      54,904     530,715      53,550      82,269     118,799     225,684     113,888      51,663      29,260      46,492     140,647     215,241
    Less: Notes held by F.R. Banks               173,328       5,551      45,811       6,556       9,816      13,241      24,839      11,669       5,244       3,223       5,684      15,770      25,922
      Federal Reserve notes, net               1,489,783      49,352     484,904      46,994      72,452     105,558     200,845     102,219      46,419      26,037      40,808     124,877     189,319
  Reverse repurchase agreements (11)             510,897      12,550     290,735      13,872      15,300      31,223      28,594      20,357       6,448       3,767       7,110      18,185      62,755
  Deposits                                     2,420,709      42,190   1,562,052      64,729      37,948     133,606      44,148     114,756      10,533       7,549      21,903      48,695     332,600
    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                           2,269,985      42,183   1,464,806      64,727      37,945     133,462      44,137      61,474      10,518       7,549      21,902      48,689     332,592
    U.S. Treasury, General Account                63,101           0      63,101           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    82,460           5      29,008           0           0         135           9      53,280          14           0           1           6           1
  Deferred availability cash items                   783           0           0           0           0           0          59           0           0         725           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,562          37         905          41          50          89          97          54           9          12          19          62         187
  Other liabilities and accrued             
     dividends                                     5,288         178       2,521         201         197         527         332         294         133         138         131         209         428
                                                                                                                                                                                                        
Total liabilities                              4,429,023     104,308   2,341,116     125,836     125,947     271,003     274,075     237,679      63,542      38,227      69,971     192,028     585,289
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,595       1,321       9,812       1,645       2,485       6,601       1,771       1,308         340         129         300         395       4,491
  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                  4,469,618     106,062   2,354,130     128,019     129,247     279,765     276,429     239,406      63,991      38,398      70,368     192,551     591,252

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 29, 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 and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Mar 29, 2017  

Federal Reserve notes outstanding                                                            1,663,111  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,328  
    Federal Reserve notes to be collateralized                                               1,489,783  
Collateral held against Federal Reserve notes                                                1,489,783  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,473,546  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,246,783  
  Less: Face value of securities under reverse repurchase agreements                           490,201  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,756,582  

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.