FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                      May 4, 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 3, 2017 
Federal Reserve Banks                                      May 3, 2017 Apr 26, 2017  May 4, 2016              

Reserve Bank credit                                         4,431,843   -    7,859   -    5,218    4,432,290  
  Securities held outright (1)                              4,245,623   -    7,165   +   12,257    4,245,636  
    U.S. Treasury securities                                2,464,779   +       83   +    3,336    2,464,792  
      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)                               18,236   +       83   +    2,218       18,249  
    Federal agency debt securities (2)                         11,829            0   -   15,267       11,829  
    Mortgage-backed securities (4)                          1,769,015   -    7,248   +   24,188    1,769,015  
  Unamortized premiums on securities held outright (5)        168,101   -      511   -   15,483      167,992  
  Unamortized discounts on securities held outright (5)       -14,859   +       28   +    1,219      -14,860  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            57   +       21            0           63  
    Primary credit                                                 25   +       20   +       19           24  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                32   +        1   -       18           39  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709   +        1   -        5        1,709  
  Float                                                          -775   -      510   -      328         -490  
  Central bank liquidity swaps (8)                                 35   -       45   -    1,165           35  
  Other Federal Reserve assets (9)                             31,952   +      320   -    1,713       32,204  
Foreign currency denominated assets (10)                       20,275   -        9   -      993       20,239  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,796   +       14   +      981       48,796  
                                                                                                              
Total factors supplying reserve funds                       4,517,154   -    7,855   -    5,231    4,517,566  

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 3, 2017 
Federal Reserve Banks                                      May 3, 2017 Apr 26, 2017  May 4, 2016              

Currency in circulation (11)                                 1,543,383   +    2,645   +   94,569    1,546,200 
Reverse repurchase agreements (12)                             415,899   +   45,994   +  126,024      432,620 
  Foreign official and international accounts                  243,546   +    1,674   +    1,568      245,953 
  Others                                                       172,353   +   44,319   +  124,457      186,667 
Treasury cash holdings                                             257   +        3   +      112          255 
Deposits with F.R. Banks, other than reserve balances          336,129   +    9,453   -   39,116      290,413 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               244,655   +   10,436   -   91,702      203,408 
  Foreign official                                               5,172   +        7   -        4        5,200 
  Other (13)                                                    86,303   -      989   +   52,590       81,805 
Other liabilities and capital (14)                              47,500   -      896   +      193       47,257 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,343,168   +   57,199   +  181,782    2,316,745 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,173,987   -   65,054   -  187,013    2,200,821 

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 3, 2017 
                                                           May 3, 2017 Apr 26, 2017  May 4, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,215,320   +    4,566   -   13,069    3,213,114 
  Marketable U.S. Treasury securities (1)                    2,898,934   +    4,429   -   15,606    2,896,969 
  Federal agency debt and mortgage-backed securities (2)       255,337   +      350   -    9,555      255,206 
  Other securities (3)                                          61,050   -      211   +   12,092       60,939 
Securities lent to dealers                                      21,462   +    2,407   +    3,475       20,217 
  Overnight facility (4)                                        21,462   +    2,407   +    3,475       20,217 
    U.S. Treasury securities                                    21,430   +    2,415   +    3,491       20,188 
    Federal agency debt securities                                  32   -        8   -       16           29 

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 3, 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                                           32            32             0             0             0           ...            63 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  20,483        37,862       223,203     1,170,570       384,939       627,733     2,464,792 
  Weekly changes                        +    6,425    -    8,689    +   22,553    -   23,994    +    3,728    +       37    +       62 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,995           737         3,706         2,044             0         2,347        11,829 
  Weekly changes                        +    1,500    -    1,500             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           200        11,318     1,757,498     1,769,015 
  Weekly changes                                 0             0             0    +       10    +      154    -      162    +        2 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          432,620             0           ...           ...           ...           ...       432,620 
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 3, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,015  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,297  
Commitments to sell mortgage-backed securities (2)                                                                             156  
                                                                                                                                    
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 3, 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 3, 2017   Wednesday    Wednesday  
                                                        consolidation                Apr 26, 2017  May 4, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,878   -        5   +        8  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,398,832   -      200   -    1,987  
    Securities held outright (1)                                          4,245,636   +       64   +   12,224  
      U.S. Treasury securities                                            2,464,792   +       62   +    3,303  
        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)                                           18,249   +       62   +    2,186  
      Federal agency debt securities (2)                                     11,829            0   -   15,267  
      Mortgage-backed securities (4)                                      1,769,015   +        2   +   24,188  
    Unamortized premiums on securities held outright  
    (5)                                                                     167,992   -      293   -   15,438  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,860   +        9   +    1,222  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        63   +       19   +        3  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        5  
  Items in process of collection                                   (0)          113   +       29   -       37  
  Bank premises                                                               2,199            0   -       20  
  Central bank liquidity swaps (8)                                               35   -       45   -    1,165  
  Foreign currency denominated assets (9)                                    20,239   -        9   -    1,037  
  Other assets (10)                                                          30,005   +    1,336   -    1,780  
                                                                                                               
Total assets                                                       (0)    4,471,246   +    1,104   -    6,024  

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 3, 2017   Wednesday    Wednesday  
                                                        consolidation                Apr 26, 2017  May 4, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,499,533   +    3,455   +   94,018 
  Reverse repurchase agreements (11)                                         432,620   +   69,547   +  155,825 
  Deposits                                                          (0)    2,491,234   -   72,226   -  256,061 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,200,821   +      150   -  182,548 
    U.S. Treasury, General Account                                           203,408   -   67,437   -  120,386 
    Foreign official                                                           5,200   +       36   +       26 
    Other (12)                                                      (0)       81,805   -    4,975   +   46,846 
  Deferred availability cash items                                  (0)          603   +       99   +      222 
  Other liabilities and accrued dividends (13)                                 6,564   +      163   -      681 
                                                                                                               
Total liabilities                                                   (0)    4,430,553   +    1,036   -    6,678 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,693   +       68   +      655 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,693   +       68   +      655 

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 3, 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                                             1,878          51          57          173         131         291         194         287          26          52         121         189         306
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,398,832      85,711   2,476,911      113,574     127,561     257,726     258,938     185,020      58,668      34,301      62,387     176,096     561,939
    Securities held outright (1)               4,245,636      82,721   2,390,683      109,620     123,120     248,754     249,914     178,566      56,615      33,101      60,213     169,966     542,364
      U.S. Treasury securities                 2,464,792      48,023   1,387,904       63,640      71,477     144,414     145,087     103,666      32,867      19,217      34,956      98,673     314,868
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,792      48,023   1,387,904       63,640      71,477     144,414     145,087     103,666      32,867      19,217      34,956      98,673     314,868
      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)           1,769,015      34,467     996,118       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)                               167,992       3,273      94,595        4,337       4,872       9,843       9,889       7,066       2,240       1,310       2,383       6,725      21,460
    Unamortized discounts on securities     
      held outright (5)                          -14,860        -290      -8,368         -384        -431        -871        -875        -625        -198        -116        -211        -595      -1,898
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             63           7           0            0           1           0          10          14          11           6           2           0          13
  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                     113           0           0            0           0           0         112           0           0           0           0           0           0
  Bank premises                                    2,199         119         442           72         112         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)                                   20,239         877       6,483        1,088       1,648       4,373       1,180         847         221          85         197         259       2,980
  Other assets (10)                               30,005         633      16,402          777         881       1,952       1,790       1,266         504         259         495       1,219       3,826
  Interdistrict settlement account                     0  -    5,441  -   52,556   +    2,755  -    4,449  -    6,734  +      655  +   46,350  +    1,030  +    1,862  +    6,253  +    9,785  +      489
                                                                                                                                                                                                         
Total assets                                   4,471,246      82,497   2,454,869      118,999     126,678     259,005     265,248     235,132      61,051      36,930      70,134     188,967     571,735

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 3, 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            1,675,780      56,261     528,520      54,794      84,810     121,232     224,326     115,504      52,092      30,435      47,825     142,394     217,587
    Less: Notes held by F.R. Banks               176,247       5,892      44,451       8,186      10,219      13,067      25,945      12,068       5,561       2,986       5,792      16,687      25,390
      Federal Reserve notes, net               1,499,533      50,369     484,069      46,607      74,591     108,165     198,380     103,437      46,531      27,449      42,033     125,706     192,197
  Reverse repurchase agreements (11)             432,620       8,429     243,605      11,170      12,546      25,347      25,466      18,195       5,769       3,373       6,136      17,319      55,266
  Deposits                                     2,491,234      21,753   1,710,945      58,812      36,003     116,056      38,548     111,421       8,122       5,262      21,416      45,152     317,743
    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                           2,200,821      21,745   1,475,976      58,810      35,999     115,813      38,539      56,271       8,103       5,262      21,414      45,152     317,735
    U.S. Treasury, General Account               203,408           0     203,408           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,200           2       5,173           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    81,805           6      26,389           0           0         234           7      55,149          18           0           1           0           1
  Deferred availability cash items                   603           0           0           0           0           0          73           0           0         529           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,852          38       1,001          44          56         103         138          73          40          16          29          84         231
  Other liabilities and accrued             
     dividends                                     4,711         155       2,232         182         193         481         296         261         136         129         120         192         335
                                                                                                                                                                                                        
Total liabilities                              4,430,553      80,743   2,441,852     116,815     123,388     250,151     262,901     233,387      60,597      36,759      69,734     188,454     565,771
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,693       1,321       9,815       1,646       2,476       6,693       1,764       1,327         345         129         303         385       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                  4,471,246      82,497   2,454,869     118,999     126,678     259,005     265,248     235,132      61,051      36,930      70,134     188,967     571,735

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 3, 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 3, 2017  

Federal Reserve notes outstanding                                                            1,675,780  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,247  
    Federal Reserve notes to be collateralized                                               1,499,533  
Collateral held against Federal Reserve notes                                                1,499,533  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,483,297  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,245,636  
  Less: Face value of securities under reverse repurchase agreements                           405,986  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,839,651  

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.