FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 28, 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  Apr 27, 2016 
Federal Reserve Banks                                     Apr 27, 2016 Apr 20, 2016 Apr 29, 2015              

Reserve Bank credit                                         4,444,723   -    6,986   +      506    4,434,948  
  Securities held outright (1)                              4,241,788   -    7,012   +   16,541    4,233,335  
    U.S. Treasury securities                                2,461,405   +       23   +    1,413    2,461,413  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,292   +       57   -    4,417    2,342,292  
      Notes and bonds, inflation-indexed (2)                  103,134   -       52   +    4,666      103,134  
      Inflation compensation (3)                               15,979   +       19   +    1,163       15,987  
    Federal agency debt securities (2)                         27,096   -    1,235   -    8,799       27,096  
    Mortgage-backed securities (4)                          1,753,287   -    5,801   +   23,927    1,744,826  
  Unamortized premiums on securities held outright (5)        184,271   -      647   -   17,041      183,791  
  Unamortized discounts on securities held outright (5)       -16,175   +      121   +    1,652      -16,082  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           120   +       71   +       53           70  
    Primary credit                                                 67   +       62   +       34           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                53   +        9   +       18           56  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,721   -        1   +       28        1,714  
  Float                                                          -207   +       24   +      263         -660  
  Central bank liquidity swaps (8)                                  0   -       33            0            0  
  Other Federal Reserve assets (9)                             33,207   +      493   -      987       32,779  
Foreign currency denominated assets (10)                       20,736   -      197   +      966       20,772  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,784   +       14   +    1,021       47,784  
                                                                                                              
Total factors supplying reserve funds                       4,529,485   -    7,168   +    2,493    4,519,745  

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  Apr 27, 2016 
Federal Reserve Banks                                     Apr 27, 2016 Apr 20, 2016 Apr 29, 2015              

Currency in circulation (11)                                 1,445,812   +    1,516   +   86,912    1,448,377 
Reverse repurchase agreements (12)                             263,028   -    5,971   +   20,202      267,113 
  Foreign official and international accounts                  237,464   -    3,062   +   79,883      235,681 
  Others                                                        25,564   -    2,908   -   59,681       31,432 
Treasury cash holdings                                             155   -       24   -       68          147 
Deposits with F.R. Banks, other than reserve balances          399,589   +   93,743   +  134,742      404,729 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               346,166   +   77,381   +  126,464      372,499 
  Foreign official                                               5,234   +       58   -        3        5,174 
  Other (13)                                                    48,189   +   16,303   +    8,281       27,056 
Other liabilities and capital (14)                              46,740   -      343   -   19,678       46,121 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,155,326   +   88,923   +  222,112    2,166,488 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,374,158   -   96,092   -  219,619    2,353,257 

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  Apr 27, 2016 
                                                          Apr 27, 2016 Apr 20, 2016 Apr 29, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,238,689   -    3,290   -   49,898    3,237,807 
  Marketable U.S. Treasury securities (1)                    2,926,366   -    2,231   -   35,002    2,924,033 
  Federal agency debt and mortgage-backed securities (2)       263,827   -    1,671   -   19,983      264,755 
  Other securities (3)                                          48,496   +      612   +    5,087       49,018 
Securities lent to dealers                                      17,760   +      478   +    8,976       19,059 
  Overnight facility (4)                                        17,760   +      478   +    8,976       19,059 
    U.S. Treasury securities                                    17,701   +      480   +    9,195       19,006 
    Federal agency debt securities                                  59   -        2   -      219           53 

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, April 27, 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                                           63             8             0             0             0           ...            70 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  27,371        56,444       114,431     1,156,462       474,322       632,384     2,461,413 
  Weekly changes                                 0    +        1    +        1    +        4    +        4    +       14    +       23 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,604        10,663         9,482             0         2,347        27,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           854         8,933     1,735,039     1,744,826 
  Weekly changes                                 0             0             0    -       25    -      165    -   14,601    -   14,791 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          267,113             0           ...           ...           ...           ...       267,113 
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   
                                                                                                                      Apr 27, 2016  

Mortgage-backed securities held outright (1)                                                                             1,744,826  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           25,274  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   16  



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   
                                                                                                                      Apr 27, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,714  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Apr 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Apr 20, 2016 Apr 29, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,867   -       10   +       66  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,115   -   15,554   +    3,226  
    Securities held outright (1)                                          4,233,335   -   14,768   +   18,556  
      U.S. Treasury securities                                            2,461,413   +       23   +    1,379  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,292            0   -    4,417  
        Notes and bonds, inflation-indexed (2)                              103,134            0   +    4,666  
        Inflation compensation (3)                                           15,987   +       22   +    1,129  
      Federal agency debt securities (2)                                     27,096            0   -    8,799  
      Mortgage-backed securities (4)                                      1,744,826   -   14,791   +   25,976  
    Unamortized premiums on securities held outright  
    (5)                                                                     183,791   -      995   -   17,069  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,082   +      202   +    1,729  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        70   +        6   +        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,714   -        8   +       25  
  Items in process of collection                                   (0)          182   +       34   +      123  
  Bank premises                                                               2,222            0   -       22  
  Central bank liquidity swaps (8)                                                0   -       33            0  
  Foreign currency denominated assets (9)                                    20,772   -      143   +      715  
  Other assets (10)                                                          30,557   +      249   -      965  
                                                                                                               
Total assets                                                       (0)    4,474,665   -   15,466   +    3,166  

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       Apr 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Apr 20, 2016 Apr 29, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,402,602   +    2,734   +   86,619 
  Reverse repurchase agreements (11)                                         267,113   -    1,400   +   17,226 
  Deposits                                                          (0)    2,757,987   -   16,973   -   81,731 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,353,257   -   51,408   -  227,810 
    U.S. Treasury, General Account                                           372,499   +   34,959   +  127,073 
    Foreign official                                                           5,174   +        1   -       59 
    Other (12)                                                      (0)       27,056   -      526   +   19,064 
  Deferred availability cash items                                  (0)          842   +      445   +      293 
  Other liabilities and accrued dividends (13)                                 6,084   -      275   -    1,577 
                                                                                                               
Total liabilities                                                   (0)    4,434,628   -   15,469   +   20,831 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,038   +        4   +    1,187 
  Surplus                                                                     10,000            0   -   18,851 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,038   +        4   -   17,664 

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, April 27, 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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,867          52          77          129         135         297         178         278          22          56         150         184         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,115     108,122   2,504,490      119,498     131,804     268,964     246,326     175,372      55,565      32,455      61,264     156,654     540,602
    Securities held outright (1)               4,233,335     103,993   2,409,052      114,944     126,781     258,715     236,936     168,677      53,428      31,211      58,917     150,684     519,997
      U.S. Treasury securities                 2,461,413      60,465   1,400,709       66,833      73,715     150,426     137,763      98,075      31,065      18,147      34,256      87,613     302,345
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,413      60,465   1,400,709       66,833      73,715     150,426     137,763      98,075      31,065      18,147      34,256      87,613     302,345
      Federal agency debt securities (2)          27,096         666      15,419          736         811       1,656       1,517       1,080         342         200         377         964       3,328
      Mortgage-backed securities (4)           1,744,826      42,862     992,923       47,376      52,255     106,633      97,656      69,522      22,021      12,864      24,283      62,107     214,324
    Unamortized premiums on securities held 
      outright (5)                               183,791       4,515     104,590        4,990       5,504      11,232      10,287       7,323       2,320       1,355       2,558       6,542      22,576
    Unamortized discounts on securities     
      held outright (5)                          -16,082        -395      -9,152         -437        -482        -983        -900        -641        -203        -119        -224        -572      -1,975
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             70           9           0            0           0           0           4          13          20           8          13           0           4
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,714           0       1,714            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     182           0           0            0           0           0         181           0           0           0           0           0           0
  Bank premises                                    2,222         122         432           74         106         208         205         202         117          91         241         226         198
  Central bank liquidity swaps (8)                     0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,772         918       6,855        1,143       1,582       4,632       1,153         557         213          89         207         263       3,160
  Other assets (10)                               30,557         790      16,870          837         918       2,035       1,724       1,230         468         253         476       1,193       3,764
  Interdistrict settlement account                     0  -   22,599  +   74,570   -    3,288  -   13,131  -   32,116  +    5,345  +    1,270  -      388  -      152  -    4,487  +    4,689  -    9,714
                                                                                                                                                                                                         
Total assets                                   4,474,665      87,955   2,610,415      118,962     122,236     245,193     257,309     180,086      56,506      33,076      58,299     164,367     540,262

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, April 27, 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            1,571,140      49,032     500,758      49,415      81,650     108,448     223,086     105,411      50,706      27,091      39,922     130,611     205,011
    Less: Notes held by F.R. Banks               168,538       5,174      57,159       5,768       8,859      11,818      22,521       9,918       4,842       2,386       4,808      12,925      22,359
      Federal Reserve notes, net               1,402,602      43,858     443,599      43,647      72,791      96,630     200,564      95,493      45,864      24,705      35,114     117,686     182,651
  Reverse repurchase agreements (11)             267,113       6,562     152,005       7,253       8,000      16,324      14,950      10,643       3,371       1,969       3,718       9,508      32,811
  Deposits                                     2,757,987      35,609   1,998,757      65,682      38,200     122,844      39,122      72,154       6,718       5,309      18,935      36,408     318,250
    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                           2,353,257      35,604   1,601,468      65,679      38,197     122,582      39,113      65,018       6,710       5,309      18,934      36,403     318,239
    U.S. Treasury, General Account               372,499           0     372,499           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,174           2       5,147           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    27,056           3      19,643           0           0         252           7       7,135           7           0           1           4           5
  Deferred availability cash items                   842           0           0           0           0           0          66           0           0         776           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,430          36         855          33          38          58          85          53          12          11          20          58         171
  Other liabilities and accrued             
     dividends                                     4,654         144       2,078         193         194         533         311         257         125         135         116         198         370
                                                                                                                                                                                                        
Total liabilities                              4,434,628      86,208   2,597,294     116,807     119,222     236,389     255,099     178,599      56,090      32,905      57,903     163,857     534,253
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,038       1,305       9,822       1,604       2,252       6,573       1,654       1,219         313         128         296         383       4,488
  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                  4,474,665      87,955   2,610,415     118,962     122,236     245,193     257,309     180,086      56,506      33,076      58,299     164,367     540,262

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, April 27, 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   
                                                                                          Apr 27, 2016  

Federal Reserve notes outstanding                                                            1,571,140  
  Less: Notes held by F.R. Banks not subject to collateralization                              168,538  
    Federal Reserve notes to be collateralized                                               1,402,602  
Collateral held against Federal Reserve notes                                                1,402,602  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,386,365  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,233,335  
  Less: Face value of securities under reverse repurchase agreements                           250,469  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,982,866  

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.