FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 25, 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  Feb 24, 2016 
Federal Reserve Banks                                     Feb 24, 2016 Feb 17, 2016 Feb 25, 2015              

Reserve Bank credit                                         4,447,682   -   11,392   -   11,696    4,450,481  
  Securities held outright (1)                              4,250,938   -      335   +    3,720    4,253,447  
    U.S. Treasury securities                                2,461,052   -       57   +      826    2,461,211  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,671   +       32   -       40    2,346,865  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               15,848   -       88   +      802       15,813  
    Federal agency debt securities (2)                         31,318            0   -    5,559       31,318  
    Mortgage-backed securities (4)                          1,758,567   -      279   +    8,452    1,760,918  
  Unamortized premiums on securities held outright (5)        187,333   -      299   -   17,733      187,387  
  Unamortized discounts on securities held outright (5)       -16,345   +       16   +    1,793      -16,333  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            17   -       34   +       11           19  
    Primary credit                                                  6   -       34   +        4           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                11   +        1   +        7           10  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,721   -        1   +       35        1,722  
  Float                                                          -182   -       98   +      270         -532  
  Central bank liquidity swaps (8)                                 89   -        9   +       86           89  
  Other Federal Reserve assets (9)                             24,111   -   10,632   +      123       24,680  
Foreign currency denominated assets (10)                       20,410   -      121   +      157       20,436  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,679   +       14   +    1,132       47,679  
                                                                                                              
Total factors supplying reserve funds                       4,532,012   -   11,499   -   10,406    4,534,836  

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  Feb 24, 2016 
Federal Reserve Banks                                     Feb 24, 2016 Feb 17, 2016 Feb 25, 2015              

Currency in circulation (11)                                 1,429,156   +    4,820   +   79,681    1,430,555 
Reverse repurchase agreements (12)                             303,502   +   13,769   -    2,658      286,676 
  Foreign official and international accounts                  245,056   -    5,785   +  116,400      245,611 
  Others                                                        58,446   +   19,555   -  119,057       41,065 
Treasury cash holdings                                             244   +        2   +       19          240 
Deposits with F.R. Banks, other than reserve balances          330,985   +   28,199   -  161,597      345,464 
  Term deposits held by depository institutions                 63,907   +   63,907   -  340,243       63,907 
  U.S. Treasury, General Account                               237,950   -   28,810   +  169,836      216,862 
  Foreign official                                               5,238   -        5   -        6        5,238 
  Other (13)                                                    23,890   -    6,894   +    8,816       59,457 
Other liabilities and capital (14)                              46,681   -    1,372   -   18,331       45,854 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,110,567   +   45,417   -  102,888    2,108,789 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,421,445   -   56,916   +   92,482    2,426,047 

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  Feb 24, 2016 
                                                          Feb 24, 2016 Feb 17, 2016 Feb 25, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,254,251   -      968   -   12,189    3,246,629 
  Marketable U.S. Treasury securities (1)                    2,941,048   -    2,060   +    1,284    2,931,187 
  Federal agency debt and mortgage-backed securities (2)       264,736   +    1,085   -   18,651      266,906 
  Other securities (3)                                          48,468   +        9   +    5,179       48,535 
Securities lent to dealers                                      13,292   +      212   -      482       14,886 
  Overnight facility (4)                                        13,292   +      212   -      482       14,886 
    U.S. Treasury securities                                    13,214   +      185   -      114       14,810 
    Federal agency debt securities                                  79   +       28   -      366           76 

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, February 24, 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                                           19             0             0             0             0           ...            19 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  31,839        65,373       129,658     1,141,956       462,562       629,824     2,461,211 
  Weekly changes                                 0    -        1    -        5    -       17    +    6,606    -    6,452    +      131 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         6,222        11,767        10,982             0         2,347        31,318 
  Weekly changes                                 0    +    2,000    -    2,000             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           716         9,226     1,750,975     1,760,918 
  Weekly changes                                 0             0             0             0    +        3    +    4,143    +    4,147 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                89             0             0             0             0             0            89 
                                                                                                                                       
Reverse repurchase agreements (4)          286,676             0           ...           ...           ...           ...       286,676 
Term deposits                               63,907             0             0           ...           ...           ...        63,907 

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   
                                                                                                                      Feb 24, 2016  

Mortgage-backed securities held outright (1)                                                                             1,760,918  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,774  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  159  



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   
                                                                                                                      Feb 24, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 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       Feb 24, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 17, 2016 Feb 25, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,970   -       25   +       72  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,424,521   +    4,176   +      761  
    Securities held outright (1)                                          4,253,447   +    4,278   +   16,196  
      U.S. Treasury securities                                            2,461,211   +      131   +    1,044  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,865   +      226   +      154  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           15,813   -       94   +      826  
      Federal agency debt securities (2)                                     31,318            0   -    5,559  
      Mortgage-backed securities (4)                                      1,760,918   +    4,147   +   20,710  
    Unamortized premiums on securities held outright  
    (5)                                                                     187,387   -       81   -   17,235  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,333   +       32   +    1,789  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        19   -       54   +       11  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722   +        1   +       36  
  Items in process of collection                                   (0)          141   -       50   -       51  
  Bank premises                                                               2,229   -        2   -       23  
  Central bank liquidity swaps (8)                                               89   -        9   +       86  
  Foreign currency denominated assets (9)                                    20,436   +       76   +      184  
  Other assets (10)                                                          22,451   +    2,001   +    2,005  
                                                                                                               
Total assets                                                       (0)    4,489,796   +    6,167   +    3,071  

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       Feb 24, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 17, 2016 Feb 25, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,385,083   +    2,438   +   78,235 
  Reverse repurchase agreements (11)                                         286,676   -   12,070   -   19,495 
  Deposits                                                          (0)    2,771,511   +   15,695   -   37,887 
    Term deposits held by depository institutions                             63,907   +   63,907   -  340,243 
    Other deposits held by depository institutions                         2,426,047   -   63,974   +   79,049 
    U.S. Treasury, General Account                                           216,862   -   25,488   +  170,148 
    Foreign official                                                           5,238            0   +       25 
    Other (12)                                                      (0)       59,457   +   41,250   +   53,134 
  Deferred availability cash items                                  (0)          672   +      358   -       95 
  Other liabilities and accrued dividends (13)                                 6,321   -      269   +      338 
                                                                                                               
Total liabilities                                                   (0)    4,450,263   +    6,153   +   21,095 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,532   +       13   +      753 
  Surplus                                                                     10,000            0   -   18,779 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,532   +       13   -   18,025 

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, February 24, 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                                             1,970          51          84          133         138         310         193         286          29          58         156         199         334
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,424,521     112,159   2,656,083      110,045     106,376     240,310     249,155     164,395      46,141      26,914      57,477     142,528     512,939
    Securities held outright (1)               4,253,447     107,823   2,553,395      105,790     102,263     231,020     239,520     158,035      44,357      25,868      55,255     137,017     493,104
      U.S. Treasury securities                 2,461,211      62,390   1,477,495       61,214      59,173     133,677     138,596      91,445      25,667      14,968      31,972      79,284     285,329
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,211      62,390   1,477,495       61,214      59,173     133,677     138,596      91,445      25,667      14,968      31,972      79,284     285,329
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,760,918      44,638   1,057,100       43,797      42,337      95,642      99,161      65,426      18,364      10,709      22,875      56,725     204,144
    Unamortized premiums on securities held 
      outright (5)                               187,387       4,750     112,491        4,661       4,505      10,178      10,552       6,962       1,954       1,140       2,434       6,036      21,724
    Unamortized discounts on securities     
      held outright (5)                          -16,333        -414      -9,805         -406        -393        -887        -920        -607        -170         -99        -212        -526      -1,893
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             19           0           2            0           0           0           3           5           0           6           0           0           4
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     141           0           0            0           0           0         140           0           0           0           0           0           0
  Bank premises                                    2,229         123         435           75         106         210         206         202         118          91         240         226         198
  Central bank liquidity swaps (8)                    89           4          29            5           7          20           5           2           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,436         926       6,589        1,142       1,593       4,689       1,163         549         190          86         215         294       3,000
  Other assets (10)                               22,451         599      12,848          561         544       1,388       1,270         842         463         157         330         838       2,610
  Interdistrict settlement account                     0  -   33,283  -  123,437   +   14,559  +   12,282  +    4,047  +    9,019  +    6,702  +   13,222  +    5,880  +    3,762  +   17,903  +   69,344
                                                                                                                                                                                                         
Total assets                                   4,489,796      81,122   2,559,880      127,069     121,787     252,169     263,406     174,136      60,613      33,448      62,622     163,163     590,382

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, February 24, 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            1,555,302      49,447     496,979      49,407      82,065     105,662     222,503     102,518      51,205      27,133      40,272     128,241     199,870
    Less: Notes held by F.R. Banks               170,219       5,996      58,580       6,295       8,703      11,325      21,249      10,474       4,099       2,698       4,912      12,518      23,369
      Federal Reserve notes, net               1,385,083      43,452     438,399      43,111      73,362      94,337     201,254      92,043      47,106      24,435      35,360     115,723     176,501
  Reverse repurchase agreements (11)             286,676       7,267     172,095       7,130       6,892      15,570      16,143      10,651       2,990       1,743       3,724       9,235      33,234
  Deposits                                     2,771,511      28,453   1,933,287      74,414      38,291     132,831      43,296      70,069       9,972       6,383      23,008      37,445     374,062
    Term deposits held by depository        
        institutions                              63,907          25      31,529      13,100         300           8         515       5,405          25           0       2,600         100      10,300
    Other deposits held by depository       
        institutions                           2,426,047      28,415   1,628,334      61,312      37,988     132,637      42,772      56,767       9,938       6,383      20,407      37,341     363,752
    U.S. Treasury, General Account               216,862           0     216,862           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,238           2       5,211           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    59,457          11      51,351           0           0         176           7       7,895           8           0           1           3           4
  Deferred availability cash items                   672           0           0           0           0           0          92           0           0         580           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,790          48       1,085          44          46         104         109          57           8           7          21          59         203
  Other liabilities and accrued             
     dividends                                     4,531         157       1,984         188         186         516         317         249         125         130         113         197         371
                                                                                                                                                                                                        
Total liabilities                              4,450,263      79,376   2,546,850     124,887     118,777     243,357     261,211     173,069      60,202      33,279      62,226     162,658     584,371
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,532       1,305       9,731       1,631       2,248       6,581       1,640         799         308         127         296         378       4,490
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,489,796      81,122   2,559,880     127,069     121,787     252,169     263,406     174,136      60,613      33,448      62,622     163,163     590,382

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, February 24, 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   
                                                                                          Feb 24, 2016  

Federal Reserve notes outstanding                                                            1,555,302  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,219  
    Federal Reserve notes to be collateralized                                               1,385,083  
Collateral held against Federal Reserve notes                                                1,385,083  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,368,846  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,253,447  
  Less: Face value of securities under reverse repurchase agreements                           271,530  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,981,917  

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.