FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 10, 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   Aug 9, 2017 
Federal Reserve Banks                                      Aug 9, 2017  Aug 2, 2017 Aug 10, 2016              

Reserve Bank credit                                         4,428,445   +    2,225   +      564    4,429,209  
  Securities held outright (1)                              4,242,337   +       36   +   15,818    4,242,347  
    U.S. Treasury securities                                2,465,212   +       27   +    2,290    2,465,221  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,565   -      755   -    4,639    2,337,565  
      Notes and bonds, inflation-indexed (2)                  108,973   +      755   +    5,377      108,973  
      Inflation compensation (3)                               18,673   +       26   +    1,551       18,683  
    Federal agency debt securities (2)                          8,097            0   -   14,395        8,097  
    Mortgage-backed securities (4)                          1,769,029   +       11   +   27,925    1,769,029  
  Unamortized premiums on securities held outright (5)        164,582   -      266   -   14,421      164,503  
  Unamortized discounts on securities held outright (5)       -14,603   +       21   +    1,108      -14,593  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           204   +        8   +       12          208  
    Primary credit                                                  2   -        6   -        3            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               202   +       14   +       15          206  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710            0   +        5        1,710  
  Float                                                          -277   +      576   +       60         -411  
  Central bank liquidity swaps (8)                                 36   +        1   -      539           36  
  Other Federal Reserve assets (9)                             34,456   +    1,847   -    1,479       35,408  
Foreign currency denominated assets (10)                       21,297   +        1   -       22       21,311  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,056   +       14   +      848       49,056  
                                                                                                              
Total factors supplying reserve funds                       4,515,040   +    2,240   +    1,391    4,515,817  

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   Aug 9, 2017 
Federal Reserve Banks                                      Aug 9, 2017  Aug 2, 2017 Aug 10, 2016              

Currency in circulation (11)                                 1,565,341   +    2,563   +  100,510    1,567,095 
Reverse repurchase agreements (12)                             337,710   -   28,618   +   34,172      343,269 
  Foreign official and international accounts                  240,452   -    5,434   -    2,136      239,319 
  Others                                                        97,257   -   23,186   +   36,307      103,950 
Treasury cash holdings                                             171   +        7   +       65          165 
Deposits with F.R. Banks, other than reserve balances          231,652   -   32,592   -   70,098      221,755 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               149,862   -   30,486   -  109,970      139,553 
  Foreign official                                               5,169   -       75   -       35        5,165 
  Other (13)                                                    76,621   -    2,032   +   39,908       77,037 
Other liabilities and capital (14)                              47,872   -       99   -      327       47,217 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,182,747   -   58,739   +   64,324    2,179,502 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,332,293   +   60,978   -   62,933    2,336,315 

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   Aug 9, 2017 
                                                           Aug 9, 2017  Aug 2, 2017 Aug 10, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,336,156   +    2,865   +  135,676    3,333,953 
  Marketable U.S. Treasury securities (1)                    3,011,974   +    2,480   +  134,853    3,009,493 
  Federal agency debt and mortgage-backed securities (2)       262,415   +      116   -    2,453      262,493 
  Other securities (3)                                          61,767   +      268   +    3,276       61,968 
Securities lent to dealers                                      22,954   -      158   +      709       24,367 
  Overnight facility (4)                                        22,954   -      158   +      709       24,367 
    U.S. Treasury securities                                    22,954   -      158   +      722       24,367 
    Federal agency debt securities                                   0            0   -       13            0 

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, August 9, 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                                           44           164             0             0             0           ...           208 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  18,655        22,845       298,287     1,129,964       361,534       633,937     2,465,221 
  Weekly changes                                 0             0    +        1    +        4    +        6    +       16    +       26 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,340             0         4,348            62             0         2,347         8,097 
  Weekly changes                        +    1,340    -    1,340             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           792        13,051     1,755,185     1,769,029 
  Weekly changes                                 0             0             0             0    +    1,800    -    1,798    +        3 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                36             0             0             0             0             0            36 
                                                                                                                                       
Reverse repurchase agreements (4)          343,269             0           ...           ...           ...           ...       343,269 
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   
                                                                                                                       Aug 9, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,029  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           31,380  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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   
                                                                                                                       Aug 9, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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 June 30, 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        Aug 9, 2017   Wednesday    Wednesday  
                                                        consolidation                 Aug 2, 2017 Aug 10, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,851   +       12   -       61  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,392,465   -      175   +    2,522  
    Securities held outright (1)                                          4,242,347   +       30   +   15,791  
      U.S. Treasury securities                                            2,465,221   +       26   +    2,265  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,565            0   -    4,639  
        Notes and bonds, inflation-indexed (2)                              108,973            0   +    5,377  
        Inflation compensation (3)                                           18,683   +       26   +    1,527  
      Federal agency debt securities (2)                                      8,097            0   -   14,395  
      Mortgage-backed securities (4)                                      1,769,029   +        3   +   27,920  
    Unamortized premiums on securities held outright  
    (5)                                                                     164,503   -      242   -   14,382  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,593   +       29   +    1,106  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       208   +        8   +        8  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710            0   +        3  
  Items in process of collection                                   (0)           65   -        9   -      160  
  Bank premises                                                               2,196   +        4   -       14  
  Central bank liquidity swaps (8)                                               36   +        1   -      539  
  Foreign currency denominated assets (9)                                    21,311   -      175   -      121  
  Other assets (10)                                                          33,212   +    2,579   -    1,477  
                                                                                                               
Total assets                                                       (0)    4,469,083   +    2,237   +      154  

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        Aug 9, 2017   Wednesday    Wednesday  
                                                        consolidation                 Aug 2, 2017 Aug 10, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,520,051   +    1,656   +  100,675 
  Reverse repurchase agreements (11)                                         343,269   -   18,308   +   22,198 
  Deposits                                                          (0)    2,558,070   +   19,703   -  122,781 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,336,315   +   44,738   -   46,465 
    U.S. Treasury, General Account                                           139,553   -   25,854   -  112,542 
    Foreign official                                                           5,165   -        1   -       31 
    Other (12)                                                      (0)       77,037   +      819   +   36,257 
  Deferred availability cash items                                  (0)          475   -      173   -       54 
  Other liabilities and accrued dividends (13)                                 6,342   -      647   -      640 
                                                                                                               
Total liabilities                                                   (0)    4,428,207   +    2,230   -      602 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,876   +        7   +      756 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,876   +        7   +      756 

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, August 9, 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                                             1,851          46          52          175         131         258         204         292          29          51         115         190         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,392,465      85,577   2,473,244      113,406     127,371     257,345     258,550     184,764      58,610      34,351      62,309     175,839     561,098
    Securities held outright (1)               4,242,347      82,657   2,388,831      109,536     123,024     248,561     249,720     178,428      56,571      33,075      60,166     169,834     541,944
      U.S. Treasury securities                 2,465,221      48,032   1,388,146       63,651      71,489     144,439     145,112     103,684      32,873      19,220      34,963      98,690     314,923
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,221      48,032   1,388,146       63,651      71,489     144,439     145,112     103,684      32,873      19,220      34,963      98,690     314,923
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,769,029      34,467     996,126       45,676      51,300     103,648     104,132      74,403      23,590      13,792      25,089      70,820     225,987
    Unamortized premiums on securities held 
      outright (5)                               164,503       3,205      92,631        4,247       4,770       9,638       9,683       6,919       2,194       1,283       2,333       6,586      21,015
    Unamortized discounts on securities     
      held outright (5)                          -14,593        -284      -8,217         -377        -423        -855        -859        -614        -195        -114        -207        -584      -1,864
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            208           0           0            0           0           0           6          31          40         107          16           4           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            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                                    2,196         118         443           72         115         199         204         199         111          88         236         220         192
  Central bank liquidity swaps (8)                    36           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,311         924       6,826        1,146       1,736       4,605       1,243         892         233          90         207         272       3,138
  Other assets (10)                               33,212         695      18,219          854         973       2,139       1,979       1,401         544         282         543       1,363       4,221
  Interdistrict settlement account                     0  -    7,809  -   30,515   -    6,909  +    1,015  -    8,884  -    4,850  +   42,546  -    1,025  +    1,978  +    6,410  +    2,307  +    5,735
                                                                                                                                                                                                         
Total assets                                   4,469,083      80,098   2,475,401      109,303     132,133     256,857     259,571     231,257      58,993      37,122      70,265     181,390     576,693

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, August 9, 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            1,696,254      56,740     540,518      55,517      85,643     122,015     225,582     115,304      52,475      31,453      48,500     142,414     220,094
    Less: Notes held by F.R. Banks               176,204       6,334      46,736       7,037       9,881      13,453      25,296      11,624       5,359       2,852       5,537      16,220      25,875
      Federal Reserve notes, net               1,520,051      50,406     493,782      48,480      75,763     108,562     200,287     103,680      47,116      28,600      42,963     126,194     194,218
  Reverse repurchase agreements (11)             343,269       6,688     193,292       8,863       9,954      20,112      20,206      14,437       4,577       2,676       4,868      13,742      43,851
  Deposits                                     2,558,070      21,057   1,772,077      49,531      42,841     118,794      36,229     111,068       6,683       5,126      21,882      40,671     332,111
    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                           2,336,315      21,052   1,607,111      49,529      42,838     118,712      36,220      54,393       6,680       5,126      21,881      40,670     332,104
    U.S. Treasury, General Account               139,553           0     139,553           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    77,037           3      20,275           0           0          73           7      56,673           2           0           1           1           1
  Deferred availability cash items                   475           0           0           0           0           0          73           0           0         403           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,502          29         855          37          42          72         103          54          23          12          21          71         183
  Other liabilities and accrued             
     dividends                                     4,840         151       2,343         179         183         462         307         269         139         133         129         198         348
                                                                                                                                                                                                        
Total liabilities                              4,428,207      78,330   2,462,349     107,090     128,783     248,003     257,204     229,507      58,538      36,950      69,863     180,876     570,712
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,876       1,334       9,849       1,675       2,535       6,693       1,784       1,331         345         129         305         386       4,509
  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                  4,469,083      80,098   2,475,401     109,303     132,133     256,857     259,571     231,257      58,993      37,122      70,265     181,390     576,693

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, August 9, 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   
                                                                                           Aug 9, 2017  

Federal Reserve notes outstanding                                                            1,696,254  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,204  
    Federal Reserve notes to be collateralized                                               1,520,051  
Collateral held against Federal Reserve notes                                                1,520,051  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,503,814  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,347  
  Less: Face value of securities under reverse repurchase agreements                           328,216  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,914,130  

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.