FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 15, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 14, 2017 
Federal Reserve Banks                                     Jun 14, 2017  Jun 7, 2017 Jun 15, 2016              

Reserve Bank credit                                         4,427,812   +    5,538   -    3,872    4,436,606  
  Securities held outright (1)                              4,247,594   +    3,051   +   11,168    4,255,569  
    U.S. Treasury securities                                2,464,839   +       88   +    2,856    2,464,871  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,216            0   -    1,070    2,338,216  
      Notes and bonds, inflation-indexed (2)                  108,126            0   +    2,187      108,126  
      Inflation compensation (3)                               18,496   +       88   +    1,739       18,528  
    Federal agency debt securities (2)                          8,518   -      316   -   16,578        8,097  
    Mortgage-backed securities (4)                          1,774,237   +    3,279   +   24,889    1,782,601  
  Unamortized premiums on securities held outright (5)        166,780   -      127   -   14,993      166,981  
  Unamortized discounts on securities held outright (5)       -14,809   +       29   +    1,198      -14,798  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            72   +        7   -       32           77  
    Primary credit                                                  7   +        4   -        2           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                65   +        3   -       30           67  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        4        1,709  
  Float                                                          -324   +        8   -      120         -679  
  Central bank liquidity swaps (8)                                 36   -        4   +       30           36  
  Other Federal Reserve assets (9)                             26,754   +    2,576   -    1,119       27,709  
Foreign currency denominated assets (10)                       20,719   -       48   -      370       20,869  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,921   +       14   +      950       48,921  
                                                                                                              
Total factors supplying reserve funds                       4,513,693   +    5,504   -    3,292    4,522,637  

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  Jun 14, 2017 
Federal Reserve Banks                                     Jun 14, 2017  Jun 7, 2017 Jun 15, 2016              

Currency in circulation (11)                                 1,554,588   -      984   +   97,841    1,555,470 
Reverse repurchase agreements (12)                             395,722   -    3,936   +  114,044      406,070 
  Foreign official and international accounts                  237,745   +    4,592   -    5,047      243,014 
  Others                                                       157,977   -    8,528   +  119,091      163,056 
Treasury cash holdings                                             221   -        9   +      128          202 
Deposits with F.R. Banks, other than reserve balances          239,657   +    7,699   -   40,998      281,241 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               153,646   +    1,202   -   77,611      163,941 
  Foreign official                                               5,213   -       13   -        4        5,252 
  Other (13)                                                    80,798   +    6,510   +   36,617      112,047 
Other liabilities and capital (14)                              48,788   +      325   +      130       48,449 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,238,977   +    3,096   +  171,146    2,291,433 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,274,716   +    2,408   -  174,437    2,231,204 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 14, 2017 
                                                          Jun 14, 2017  Jun 7, 2017 Jun 15, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,270,329   +   11,826   +   31,975    3,279,938 
  Marketable U.S. Treasury securities (1)                    2,945,967   +   11,701   +   23,158    2,954,765 
  Federal agency debt and mortgage-backed securities (2)       262,821   -       72   -    2,293      263,477 
  Other securities (3)                                          61,541   +      197   +   11,111       61,696 
Securities lent to dealers                                      25,703   +      491   +    4,622       26,956 
  Overnight facility (4)                                        25,703   +      491   +    4,622       26,956 
    U.S. Treasury securities                                    25,702   +      500   +    4,628       26,956 
    Federal agency debt securities                                   1   -        8   -        6            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 14, 2017       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           25            52             0             0             0           ...            77 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        47,807       256,065     1,174,347       353,806       632,846     2,464,871 
  Weekly changes                                 0    +        1    +        3    +       14    +       19    +       52    +       88 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                        -      737             0    +    1,982    -    1,982             0             0    -      737 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           581        11,228     1,770,792     1,782,601 
  Weekly changes                                 0             0             0             0             0    +   11,644    +   11,643 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                36             0             0             0             0             0            36 
                                                                                                                                       
Reverse repurchase agreements (4)          406,070             0           ...           ...           ...           ...       406,070 
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   
                                                                                                                      Jun 14, 2017  

Mortgage-backed securities held outright (1)                                                                             1,782,601  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           22,799  
Commitments to sell mortgage-backed securities (2)                                                                              10  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Jun 14, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2017. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 14, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jun 7, 2017 Jun 15, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,814   +        5   -       30  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,407,830   +   11,192   +    3,508  
    Securities held outright (1)                                          4,255,569   +   10,994   +   17,116  
      U.S. Treasury securities                                            2,464,871   +       88   +    2,839  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,216            0   -    1,070  
        Notes and bonds, inflation-indexed (2)                              108,126            0   +    2,187  
        Inflation compensation (3)                                           18,528   +       88   +    1,721  
      Federal agency debt securities (2)                                      8,097   -      737   -   16,999  
      Mortgage-backed securities (4)                                      1,782,601   +   11,643   +   31,277  
    Unamortized premiums on securities held outright  
    (5)                                                                     166,981   +      159   -   14,758  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,798   +       29   +    1,193  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        77   +        8   -       44  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        4  
  Items in process of collection                                   (0)           65   -       19   -       99  
  Bank premises                                                               2,197   +        2   -       20  
  Central bank liquidity swaps (8)                                               36   -        4   +       30  
  Foreign currency denominated assets (9)                                    20,869   +       75   -      238  
  Other assets (10)                                                          25,512   +    2,577   +      304  
                                                                                                               
Total assets                                                       (0)    4,476,269   +   13,826   +    3,452  

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       Jun 14, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jun 7, 2017 Jun 15, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,508,561   -      894   +   97,277 
  Reverse repurchase agreements (11)                                         406,070   +    6,341   +  134,701 
  Deposits                                                          (0)    2,512,445   +    7,976   -  230,610 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,231,204   -   39,642   -  173,697 
    U.S. Treasury, General Account                                           163,941   +    9,181   -  141,582 
    Foreign official                                                           5,252   -      109   +       55 
    Other (12)                                                      (0)      112,047   +   38,544   +   84,613 
  Deferred availability cash items                                  (0)          744   +      147   +      342 
  Other liabilities and accrued dividends (13)                                 7,609   +      224   +    1,012 
                                                                                                               
Total liabilities                                                   (0)    4,435,430   +   13,795   +    2,724 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,840   +       32   +      729 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,840   +       32   +      729 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 14, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,814          44          49          169         131         275         191         280          25          53         115         185         296
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,407,830      85,879   2,481,978      113,806     127,821     258,253     259,461     185,412      58,789      34,387      62,514     176,456     563,074
    Securities held outright (1)               4,255,569      82,914   2,396,276      109,877     123,408     249,336     250,498     178,984      56,747      33,179      60,354     170,363     543,633
      U.S. Treasury securities                 2,464,871      48,025   1,387,949       63,642      71,479     144,418     145,091     103,669      32,868      19,217      34,958      98,676     314,878
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,871      48,025   1,387,949       63,642      71,479     144,418     145,091     103,669      32,868      19,217      34,958      98,676     314,878
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,782,601      34,732   1,003,768       46,026      51,694     104,444     104,930      74,974      23,771      13,898      25,281      71,363     227,721
    Unamortized premiums on securities held 
      outright (5)                               166,981       3,253      94,026        4,311       4,842       9,784       9,829       7,023       2,227       1,302       2,368       6,685      21,331
    Unamortized discounts on securities     
      held outright (5)                          -14,798        -288      -8,332         -382        -429        -867        -871        -622        -197        -115        -210        -592      -1,890
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             77           0           8            0           0           0           4          27          13          22           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      65           0           0            0           0           0          65           0           0           0           0           0           0
  Bank premises                                    2,197         119         442           71         112         201         203         199         111          88         236         221         193
  Central bank liquidity swaps (8)                    36           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,869         905       6,684        1,122       1,700       4,509       1,217         873         228          88         203         267       3,073
  Other assets (10)                               25,512         537      13,802          653         740       1,700       1,524       1,074         553         215         422       1,063       3,229
  Interdistrict settlement account                     0  -    1,851  -   69,333   -    6,381  +    2,182  +   24,744  -    4,801  +   39,382  +      590  +    2,848  +    6,690  +    4,745  +    1,184
                                                                                                                                                                                                         
Total assets                                   4,476,269      86,180   2,440,753      110,001     133,478     290,878     260,036     228,384      60,788      37,962      70,626     184,134     573,050

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, June 14, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,678,529      56,882     524,538      55,785      85,791     122,290     223,191     115,867      52,651      31,446      48,668     142,997     218,421
    Less: Notes held by F.R. Banks               169,968       5,842      42,019       7,542       9,972      12,314      26,900      10,813       5,356       2,662       5,617      16,265      24,666
      Federal Reserve notes, net               1,508,561      51,040     482,519      48,244      75,819     109,976     196,291     105,053      47,296      28,785      43,051     126,732     193,755
  Reverse repurchase agreements (11)             406,070       7,912     228,655      10,485      11,776      23,792      23,903      17,079       5,415       3,166       5,759      16,256      51,874
  Deposits                                     2,512,445      25,256   1,712,695      48,803      42,252     147,592      36,939     104,117       7,448       5,006      21,246      40,327     320,765
    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                           2,231,204      25,251   1,488,371      48,801      42,248     147,424      36,930      47,405       7,440       5,005      21,245      40,326     320,757
    U.S. Treasury, General Account               163,941           0     163,941           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,252           2       5,225           2           3           9           2           2           0           0           0           1           6
    Other (12)                                   112,047           4      55,158           0           0         159           6      56,710           7           0           1           0           1
  Deferred availability cash items                   744           0           0           0           0           0          63           0           0         681           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,875          37       1,030          50          61         114         127          74          26          14          24          80         238
  Other liabilities and accrued             
     dividends                                     5,735         180       2,804         209         222         549         357         303         149         139         145         227         451
                                                                                                                                                                                                        
Total liabilities                              4,435,430      84,426   2,427,703     107,791     130,129     282,023     257,679     226,627      60,333      37,790      70,225     183,622     567,083
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,840       1,321       9,848       1,672       2,535       6,694       1,773       1,338         345         129         304         385       4,495
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,476,269      86,180   2,440,753     110,001     133,478     290,878     260,036     228,384      60,788      37,962      70,626     184,134     573,050

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, June 14, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 14, 2017  

Federal Reserve notes outstanding                                                            1,678,529  
  Less: Notes held by F.R. Banks not subject to collateralization                              169,968  
    Federal Reserve notes to be collateralized                                               1,508,561  
Collateral held against Federal Reserve notes                                                1,508,561  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,492,324  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,255,569  
  Less: Face value of securities under reverse repurchase agreements                           394,784  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,860,785  

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.