FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 13, 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  Apr 12, 2017 
Federal Reserve Banks                                     Apr 12, 2017  Apr 5, 2017 Apr 13, 2016              

Reserve Bank credit                                         4,434,398   -      374   -   13,595    4,445,590  
  Securities held outright (1)                              4,248,681   +    1,823   +    3,115    4,258,966  
    U.S. Treasury securities                                2,464,513   +      106   +    3,154    2,464,546  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,280   -      190   -    2,618    2,339,280  
      Notes and bonds, inflation-indexed (2)                  107,233   +      190   +    3,732      107,233  
      Inflation compensation (3)                               18,000   +      105   +    2,040       18,034  
    Federal agency debt securities (2)                         13,329            0   -   15,928       13,329  
    Mortgage-backed securities (4)                          1,770,840   +    1,718   +   15,890    1,781,091  
  Unamortized premiums on securities held outright (5)        169,099   -      258   -   16,043      169,292  
  Unamortized discounts on securities held outright (5)       -14,949   +       25   +    1,381      -14,941  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            49   -        7   +        8           24  
    Primary credit                                                 30   -       14   +       29            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                18   +        7   -       21           23  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,717   +        8   -        5        1,708  
  Float                                                          -318   +      311   -      164         -561  
  Central bank liquidity swaps (8)                                 45   -    5,030            0           45  
  Other Federal Reserve assets (9)                             30,074   +    2,753   -    1,887       31,058  
Foreign currency denominated assets (10)                       20,049   -       58   -    1,013       20,115  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,754   +       14   +    1,005       48,754  
                                                                                                              
Total factors supplying reserve funds                       4,519,442   -      418   -   13,602    4,530,700  

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 12, 2017 
Federal Reserve Banks                                     Apr 12, 2017  Apr 5, 2017 Apr 13, 2016              

Currency in circulation (11)                                 1,539,759   +    2,606   +   95,257    1,540,933 
Reverse repurchase agreements (12)                             361,127   -  159,712   +   98,746      357,433 
  Foreign official and international accounts                  245,207   -    6,970   +    5,167      251,905 
  Others                                                       115,921   -  152,740   +   93,579      105,528 
Treasury cash holdings                                             260   -        6   +       64          264 
Deposits with F.R. Banks, other than reserve balances          211,396   +   30,818   -   69,324      214,929 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               122,218   +   33,008   -  117,417      119,157 
  Foreign official                                               5,199   +       20   +       23        5,174 
  Other (13)                                                    83,978   -    2,212   +   48,070       90,598 
Other liabilities and capital (14)                              48,493   +    1,327   +       78       49,375 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,161,036   -  124,966   +  124,822    2,162,934 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,358,407   +  124,549   -  138,423    2,367,767 

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. 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  Apr 12, 2017 
                                                          Apr 12, 2017  Apr 5, 2017 Apr 13, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,212,664   -    1,527   -   30,760    3,212,306 
  Marketable U.S. Treasury securities (1)                    2,889,782   -    1,813   -   39,042    2,889,721 
  Federal agency debt and mortgage-backed securities (2)       260,554   -      100   -    6,109      260,057 
  Other securities (3)                                          62,327   +      384   +   14,390       62,528 
Securities lent to dealers                                      21,656   -    2,672   +    3,180       21,894 
  Overnight facility (4)                                        21,656   -    2,672   +    3,180       21,894 
    U.S. Treasury securities                                    21,605   -    2,675   +    3,173       21,845 
    Federal agency debt securities                                  51   +        3   +        7           49 

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 12, 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                                            4            20             0             0             0           ...            24 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     460        59,336       201,692     1,194,562       381,007       627,489     2,464,546 
  Weekly changes                                 0             0    +        3    +       15    +       19    +       54    +       92 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,500         3,732         3,706         2,044             0         2,347        13,329 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            59        11,306     1,769,726     1,781,091 
  Weekly changes                                 0             0             0             0             0    +   11,969    +   11,969 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                45             0             0             0             0             0            45 
                                                                                                                                       
Reverse repurchase agreements (4)          357,433             0           ...           ...           ...           ...       357,433 
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 12, 2017  

Mortgage-backed securities held outright (1)                                                                             1,781,091  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           18,181  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
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   
                                                                                                                      Apr 12, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 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 12, 2017   Wednesday    Wednesday  
                                                        consolidation                 Apr 5, 2017 Apr 13, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,899   -        9   +       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,413,341   +   12,175   -   12,486  
    Securities held outright (1)                                          4,258,966   +   12,060   +    2,218  
      U.S. Treasury securities                                            2,464,546   +       92   +    3,178  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,280            0   -    2,618  
        Notes and bonds, inflation-indexed (2)                              107,233            0   +    3,732  
        Inflation compensation (3)                                           18,034   +       92   +    2,065  
      Federal agency debt securities (2)                                     13,329            0   -   15,928  
      Mortgage-backed securities (4)                                      1,781,091   +   11,969   +   14,968  
    Unamortized premiums on securities held outright  
    (5)                                                                     169,292   +       78   -   16,065  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,941   +       25   +    1,377  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        24   +       11   -       17  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708   -       10   -       14  
  Items in process of collection                                   (0)           90   +       18   -       79  
  Bank premises                                                               2,198   -        1   -       24  
  Central bank liquidity swaps (8)                                               45   -    5,030            0  
  Foreign currency denominated assets (9)                                    20,115   +       73   -      769  
  Other assets (10)                                                          28,860   +    2,644   -    1,889  
                                                                                                               
Total assets                                                       (0)    4,484,492   +    9,858   -   15,237  

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 12, 2017   Wednesday    Wednesday  
                                                        consolidation                 Apr 5, 2017 Apr 13, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,494,338   +      860   +   95,061 
  Reverse repurchase agreements (11)                                         357,433   -   67,757   +   98,897 
  Deposits                                                          (0)    2,582,696   +   74,347   -  209,868 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,367,767   +   29,991   -  142,078 
    U.S. Treasury, General Account                                           119,157   +   36,204   -  118,771 
    Foreign official                                                           5,174   -        3   -       23 
    Other (12)                                                      (0)       90,598   +    8,155   +   51,004 
  Deferred availability cash items                                  (0)          651   -       25   +      246 
  Other liabilities and accrued dividends (13)                                 8,783   +    2,431   -      107 
                                                                                                               
Total liabilities                                                   (0)    4,443,900   +    9,855   -   15,772 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,592   +        3   +      535 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,592   +        3   +      535 

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. 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, April 12, 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         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                                             1,899          50          59          172         131         298         194         288          25          55         121         191         315
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,413,341     108,418   2,511,474      119,831     132,171     269,714     247,010     175,863      55,701      32,539      61,424     157,091     542,105
    Securities held outright (1)               4,258,966     104,623   2,423,637      115,640     127,549     260,281     238,371     169,698      53,752      31,399      59,274     151,597     523,145
      U.S. Treasury securities                 2,464,546      60,542   1,402,492       66,918      73,809     150,618     137,939      98,200      31,105      18,170      34,300      87,725     302,730
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,546      60,542   1,402,492       66,918      73,809     150,618     137,939      98,200      31,105      18,170      34,300      87,725     302,730
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,781,091      43,753   1,013,560       48,361      53,341     108,849      99,686      70,967      22,479      13,131      24,788      63,397     218,778
    Unamortized premiums on securities held 
      outright (5)                               169,292       4,159      96,339        4,597       5,070      10,346       9,475       6,745       2,137       1,248       2,356       6,026      20,795
    Unamortized discounts on securities     
      held outright (5)                          -14,941        -367      -8,502         -406        -447        -913        -836        -595        -189        -110        -208        -532      -1,835
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             24           3           0            0           0           0           0          15           1           2           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      90           0           0            0           0           0          89           0           0           1           0           0           0
  Bank premises                                    2,198         119         440           71         108         202         204         200         112          89         237         221         194
  Central bank liquidity swaps (8)                    45           2          14            2           4          10           3           2           0           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,115         872       6,443        1,081       1,638       4,346       1,173         842         220          85         195         257       2,962
  Other assets (10)                               28,860         750      15,916          782         870       1,953       1,649       1,157         449         238         462       1,087       3,547
  Interdistrict settlement account                     0  -   22,928  -  150,774   -      805  -      805  +    4,167  +   14,762  +   54,824  +    6,648  +    3,917  +    7,483  +   30,593  +   52,918
                                                                                                                                                                                                         
Total assets                                   4,484,492      87,834   2,390,686      121,704     134,940     281,862     267,279     234,354      63,665      37,207      70,372     190,598     603,992

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 12, 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            1,667,976      55,497     529,896      54,031      83,189     119,040     224,926     114,574      52,230      29,624      46,869     141,927     216,173
    Less: Notes held by F.R. Banks               173,638       6,054      43,705       7,773       9,743      13,159      24,799      11,652       5,479       3,089       5,684      17,037      25,463
      Federal Reserve notes, net               1,494,338      49,443     486,190      46,258      73,446     105,881     200,127     102,922      46,751      26,534      41,185     124,889     190,710
  Reverse repurchase agreements (11)             357,433       8,780     203,403       9,705      10,705      21,844      20,005      14,242       4,511       2,635       4,975      12,723      43,905
  Deposits                                     2,582,696      27,598   1,683,383      63,273      47,192     144,661      44,231     115,054      11,772       7,119      23,642      52,152     362,618
    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                           2,367,767      27,591   1,523,958      63,271      47,189     144,370      44,222      59,891      11,753       7,119      23,641      52,151     362,611
    U.S. Treasury, General Account               119,157           0     119,157           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,174           2       5,147           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    90,598           5      35,122           0           0         282           7      55,161          18           0           1           0           1
  Deferred availability cash items                   651           0           0           0           0           0          60           0           0         590           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,876          53       1,061          51          62         124         116          66          24          11          22          68         217
  Other liabilities and accrued             
     dividends                                     6,907         205       3,631         234         240         590         385         343         156         145         147         253         578
                                                                                                                                                                                                        
Total liabilities                              4,443,900      86,080   2,377,669     119,520     131,645     273,101     264,925     232,627      63,213      37,035      69,972     190,085     598,029
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,592       1,321       9,815       1,646       2,481       6,601       1,771       1,309         342         129         303         385       4,491
  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                  4,484,492      87,834   2,390,686     121,704     134,940     281,862     267,279     234,354      63,665      37,207      70,372     190,598     603,992

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 12, 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 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. 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   
                                                                                          Apr 12, 2017  

Federal Reserve notes outstanding                                                            1,667,976  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,638  
    Federal Reserve notes to be collateralized                                               1,494,338  
Collateral held against Federal Reserve notes                                                1,494,338  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,478,101  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,258,966  
  Less: Face value of securities under reverse repurchase agreements                           344,021  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,914,945  

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.