FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 14, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 13, 2016 
Federal Reserve Banks                                     Jan 13, 2016  Jan 6, 2016 Jan 14, 2015              

Reserve Bank credit                                         4,450,930   +    3,729   -   11,342    4,463,319  
  Securities held outright (1)                              4,243,758   +    1,815   +    4,979    4,254,996  
    U.S. Treasury securities                                2,461,471   -       64   +      335    2,461,450  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       73    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,298   -       65   +      343       16,278  
    Federal agency debt securities (2)                         32,944            0   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,749,343   +    1,879   +   10,376    1,760,602  
  Unamortized premiums on securities held outright (5)        189,030   -      343   -   17,319      189,290  
  Unamortized discounts on securities held outright (5)       -16,525   +       36   +    1,819      -16,514  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            22   -       82   -        9           29  
    Primary credit                                                  4   -       61   -       18           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                18   -       21   +        9           13  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,717            0   +       39        1,718  
  Float                                                          -135   -       42   +      298         -285  
  Central bank liquidity swaps (8)                                118   -      879   +      118          118  
  Other Federal Reserve assets (9)                             32,944   +    3,224   -    1,268       33,967  
Foreign currency denominated assets (10)                       19,811   +      172   -      963       19,785  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,595   +       14   +    1,212       47,595  
                                                                                                              
Total factors supplying reserve funds                       4,534,577   +    3,916   -   11,094    4,546,940  

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  Jan 13, 2016 
Federal Reserve Banks                                     Jan 13, 2016  Jan 6, 2016 Jan 14, 2015              

Currency in circulation (11)                                 1,417,132   -    7,184   +   84,307    1,415,620 
Reverse repurchase agreements (12)                             317,159   -  255,054   +   99,722      301,103 
  Foreign official and international accounts                  219,337   -   10,842   +  115,288      216,687 
  Others                                                        97,822   -  244,212   -   15,566       84,416 
Treasury cash holdings                                             279   +       11   +       75          281 
Deposits with F.R. Banks, other than reserve balances          331,140   -   35,247   +  153,790      331,736 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               302,983   -   30,237   +  144,715      302,240 
  Foreign official                                               5,244   +       12   +       29        5,231 
  Other (13)                                                    22,913   -    5,022   +    9,047       24,266 
Other liabilities and capital (14)                              46,968   +    1,145   -   16,984       47,374 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,112,678   -  296,329   +  320,911    2,096,113 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,421,899   +  300,245   -  332,004    2,450,827 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jan 13, 2016 
                                                          Jan 13, 2016  Jan 6, 2016 Jan 14, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,277,059   -   34,727   -   23,054    3,272,685 
  Marketable U.S. Treasury securities (1)                    2,961,950   -   34,521   -    5,360    2,957,509 
  Federal agency debt and mortgage-backed securities (2)       268,561   -      136   -   22,786      268,556 
  Other securities (3)                                          46,547   -       70   +    5,092       46,620 
Securities lent to dealers                                      12,969   -    3,959   +    2,740       13,222 
  Overnight facility (4)                                        12,969   -    3,959   +    2,740       13,222 
    U.S. Treasury securities                                    12,852   -    3,940   +    3,156       13,114 
    Federal agency debt securities                                 116   -       19   -      417          108 

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, January 13, 2016    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           15            13             0             0             0           ...            29 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        62,206       153,905     1,118,334       489,211       637,795     2,461,450 
  Weekly changes                                 0             0    -        2    -        8    -        8    -       36    -       55 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,626         2,061        13,077        13,833             0         2,347        32,944 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           613         9,130     1,750,859     1,760,602 
  Weekly changes                                 0             0             0             0             0    +   13,135    +   13,135 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               118             0             0             0             0             0           118 
                                                                                                                                       
Reverse repurchase agreements (4)          301,103             0           ...           ...           ...           ...       301,103 
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   
                                                                                                                      Jan 13, 2016  

Mortgage-backed securities held outright (1)                                                                             1,760,602  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,748  
Commitments to sell mortgage-backed securities (2)                                                                             400  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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   
                                                                                                                      Jan 13, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,718  
                                                                                                                                    
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 September 30, 2015. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 13, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jan 6, 2016 Jan 14, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,922   +       29   +       14  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,427,801   +   13,107   -   12,139  
    Securities held outright (1)                                          4,254,996   +   13,080   +    3,501  
      U.S. Treasury securities                                            2,461,450   -       55   +      366  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,278   -       55   +      374  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,760,602   +   13,135   +    8,868  
    Unamortized premiums on securities held outright  
    (5)                                                                     189,290   +      120   -   17,457  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,514   +       30   +    1,818  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        29   -      122   -        2  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,718   +        1   +       38  
  Items in process of collection                                   (0)          147   -       34   -       14  
  Bank premises                                                               2,236   +        1   -       24  
  Central bank liquidity swaps (8)                                              118   -      879   +      118  
  Foreign currency denominated assets (9)                                    19,785   +      118   -    1,086  
  Other assets (10)                                                          31,731   +    2,747   -    1,289  
                                                                                                               
Total assets                                                       (0)    4,501,695   +   15,089   -   14,382  

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       Jan 13, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jan 6, 2016 Jan 14, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,370,224   -    6,277   +   83,644 
  Reverse repurchase agreements (11)                                         301,103   -   43,862   +   97,384 
  Deposits                                                          (0)    2,782,563   +   63,419   -  177,157 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,450,827   +   97,326   -  309,557 
    U.S. Treasury, General Account                                           302,240   -   35,497   +  142,510 
    Foreign official                                                           5,231   -       10   -        3 
    Other (12)                                                      (0)       24,266   +    1,601   -   10,105 
  Deferred availability cash items                                  (0)          432   +       88   -      164 
  Other liabilities and accrued dividends (13)                                 7,869   +    1,722   -      445 
                                                                                                               
Total liabilities                                                   (0)    4,462,191   +   15,090   +    3,262 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,504   -        1   +      930 
  Surplus                                                                     10,000            0   -   18,574 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,504   -        1   -   17,644 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, January 13, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,922          45          77          132         135         306         189         286          31          53         152         200         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,427,801     112,242   2,658,045      110,126     106,454     240,488     249,352     164,514      46,179      26,933      57,521     142,633     513,314
    Securities held outright (1)               4,254,996     107,862   2,554,325      105,829     102,300     231,104     239,608     158,092      44,373      25,877      55,275     137,067     493,284
      U.S. Treasury securities                 2,461,450      62,397   1,477,638       61,220      59,179     133,690     138,609      91,454      25,669      14,970      31,976      79,291     285,357
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,450      62,397   1,477,638       61,220      59,179     133,690     138,609      91,454      25,669      14,970      31,976      79,291     285,357
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,760,602      44,630   1,056,910       43,789      42,329      95,625      99,143      65,414      18,360      10,707      22,871      56,715     204,107
    Unamortized premiums on securities held 
      outright (5)                               189,290       4,798     113,633        4,708       4,551      10,281      10,659       7,033       1,974       1,151       2,459       6,098      21,944
    Unamortized discounts on securities     
      held outright (5)                          -16,514        -419      -9,913         -411        -397        -897        -930        -614        -172        -100        -215        -532      -1,914
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             29           0           0            0           0           0          15           3           4           5           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,718           0       1,718            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     147           0           0            0           0           0         147           0           0           0           0           0           0
  Bank premises                                    2,236         125         436           75         106         211         207         204         118          92         240         226         197
  Central bank liquidity swaps (8)                   118           5          38            7           9          27           7           3           1           0           1           2          17
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,785         897       6,379        1,105       1,542       4,539       1,126         531         184          83         208         285       2,905
  Other assets (10)                               31,731         840      18,541          797         775       1,912       1,810       1,197         407         223         457       1,075       3,696
  Interdistrict settlement account                     0  -   28,628  -   79,587   +    6,029  +   17,170  +   15,541  -    1,816  +    4,541  +   10,175  +    5,528  +    1,982  +   13,203  +   35,862
                                                                                                                                                                                                         
Total assets                                   4,501,695      86,069   2,611,173      118,821     126,933     264,220     253,275     172,434      57,544      33,173      61,003     158,798     558,252

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 13, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,548,299      49,727     498,135      49,459      82,734     106,545     217,831     102,870      51,612      26,824      40,698     125,401     196,463
    Less: Notes held by F.R. Banks               178,075       5,703      62,887       5,828       9,264      11,780      21,613      10,667       4,752       2,686       4,718      13,820      24,357
      Federal Reserve notes, net               1,370,224      44,024     435,248      43,631      73,470      94,765     196,219      92,203      46,860      24,138      35,980     111,581     172,106
  Reverse repurchase agreements (11)             301,103       7,633     180,756       7,489       7,239      16,354      16,956      11,187       3,140       1,831       3,911       9,700      34,907
  Deposits                                     2,782,563      32,437   1,977,928      65,270      42,932     143,585      37,240      67,623       6,994       6,630      20,560      36,728     344,636
    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                           2,450,827      32,433   1,653,924      65,268      42,929     143,474      37,231      60,043       6,986       6,630      20,559      36,725     344,626
    U.S. Treasury, General Account               302,240           0     302,240           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    24,266           2      16,561           0           0         101           7       7,578           7           0           1           3           5
  Deferred availability cash items                   432           0           0           0           0           0         175           0           0         256           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,147          57       1,262          54          57         132         125          85          23          11          26          69         245
  Other liabilities and accrued             
     dividends                                     5,722         161       3,021         195         207         511         352         277         132         137         125         203         401
                                                                                                                                                                                                        
Total liabilities                              4,462,191      84,312   2,598,215     116,639     123,906     255,346     251,067     171,375      57,148      33,004      60,603     158,281     552,294
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,504       1,304       9,735       1,624       2,248       6,579       1,639         791         303         126         295         373       4,489
  Surplus                                         10,000         453       3,223         559         780       2,295         569         269          93          42         105         144       1,469
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,501,695      86,069   2,611,173     118,821     126,933     264,220     253,275     172,434      57,544      33,173      61,003     158,798     558,252

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 13, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jan 13, 2016  

Federal Reserve notes outstanding                                                            1,548,299  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,075  
    Federal Reserve notes to be collateralized                                               1,370,224  
Collateral held against Federal Reserve notes                                                1,370,224  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,353,987  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,254,996  
  Less: Face value of securities under reverse repurchase agreements                           282,367  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,972,629  

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.