FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    March 3, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Mar 2, 2016 
Federal Reserve Banks                                      Mar 2, 2016 Feb 24, 2016  Mar 4, 2015              

Reserve Bank credit                                         4,439,208   -    8,474   -    9,492    4,439,725  
  Securities held outright (1)                              4,244,303   -    6,635   +    7,121    4,244,299  
    U.S. Treasury securities                                2,461,158   +      106   +    1,076    2,461,152  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,345,859   -      812   -      852    2,344,518  
      Notes and bonds, inflation-indexed (2)                   99,540   +    1,006   +    1,071      100,880  
      Inflation compensation (3)                               15,760   -       88   +      858       15,753  
    Federal agency debt securities (2)                         31,318            0   -    5,559       31,318  
    Mortgage-backed securities (4)                          1,751,827   -    6,740   +   11,604    1,751,829  
  Unamortized premiums on securities held outright (5)        186,877   -      456   -   17,533      186,743  
  Unamortized discounts on securities held outright (5)       -16,370   -       25   +    1,734      -16,437  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            34   +       17   +       15           11  
    Primary credit                                                 24   +       18   +        9            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10   -        1   +        6           10  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722   +        1   +       36        1,722  
  Float                                                          -716   -      534   -      286         -259  
  Central bank liquidity swaps (8)                                 88   -        1   +       88           88  
  Other Federal Reserve assets (9)                             23,270   -      841   -      667       23,559  
Foreign currency denominated assets (10)                       20,169   -      241   +      152       20,143  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,726   +       14   +    1,158       47,726  
                                                                                                              
Total factors supplying reserve funds                       4,523,344   -    8,702   -    8,182    4,523,835  

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   Mar 2, 2016 
Federal Reserve Banks                                      Mar 2, 2016 Feb 24, 2016  Mar 4, 2015              

Currency in circulation (11)                                 1,430,826   +    1,637   +   78,460    1,433,524 
Reverse repurchase agreements (12)                             302,036   -    1,466   -   12,323      291,425 
  Foreign official and international accounts                  246,035   +      979   +  113,071      246,879 
  Others                                                        56,001   -    2,445   -  125,394       44,546 
Treasury cash holdings                                             240   -        4   +       24          240 
Deposits with F.R. Banks, other than reserve balances          262,341   -   68,644   -   15,592      256,428 
  Term deposits held by depository institutions                      0   -   63,907   -  216,067            0 
  U.S. Treasury, General Account                               237,207   -      743   +  187,404      229,388 
  Foreign official                                               5,239   +        1   +       17        5,240 
  Other (13)                                                    19,895   -    3,995   +   13,055       21,800 
Other liabilities and capital (14)                              46,393   -      288   -   18,163       45,636 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,041,836   -   68,765   +   32,406    2,027,253 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,481,508   +   60,063   -   40,587    2,496,582 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Mar 2, 2016 
                                                           Mar 2, 2016 Feb 24, 2016  Mar 4, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,251,037   -    3,214   -    4,536    3,248,807 
  Marketable U.S. Treasury securities (1)                    2,935,868   -    5,180   +    7,878    2,933,751 
  Federal agency debt and mortgage-backed securities (2)       266,505   +    1,769   -   17,776      266,358 
  Other securities (3)                                          48,664   +      196   +    5,362       48,698 
Securities lent to dealers                                      15,710   +    2,418   +    3,169       15,492 
  Overnight facility (4)                                        15,710   +    2,418   +    3,169       15,492 
    U.S. Treasury securities                                    15,649   +    2,435   +    3,570       15,417 
    Federal agency debt securities                                  61   -       18   -      401           75 

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, March 2, 2016       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                            1            10             0             0             0           ...            11 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        90,621       117,582     1,152,276       468,542       632,131     2,461,152 
  Weekly changes                        -   31,839    +   25,248    -   12,076    +   10,320    +    5,980    +    2,307    -       59 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,061         4,161        11,767        10,982             0         2,347        31,318 
  Weekly changes                        +    2,061    -    2,061             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           778         8,985     1,742,066     1,751,829 
  Weekly changes                                 0             0             0    +       62    -      241    -    8,909    -    9,089 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                88             0             0             0             0             0            88 
                                                                                                                                       
Reverse repurchase agreements (4)          291,425             0           ...           ...           ...           ...       291,425 
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   
                                                                                                                       Mar 2, 2016  

Mortgage-backed securities held outright (1)                                                                             1,751,829  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,225  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   13  



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   
                                                                                                                       Mar 2, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2015. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Mar 2, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 24, 2016  Mar 4, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,938   -       32   +       68  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,414,615   -    9,906   -    8,693  
    Securities held outright (1)                                          4,244,299   -    9,148   +    7,169  
      U.S. Treasury securities                                            2,461,152   -       59   +    1,124  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,518   -    2,347   -    2,193  
        Notes and bonds, inflation-indexed (2)                              100,880   +    2,346   +    2,411  
        Inflation compensation (3)                                           15,753   -       60   +      904  
      Federal agency debt securities (2)                                     31,318            0   -    5,559  
      Mortgage-backed securities (4)                                      1,751,829   -    9,089   +   11,604  
    Unamortized premiums on securities held outright  
    (5)                                                                     186,743   -      644   -   17,508  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,437   -      104   +    1,654  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        11   -        8   -        7  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       36  
  Items in process of collection                                   (0)          184   +       43   -       26  
  Bank premises                                                               2,225   -        4   -       22  
  Central bank liquidity swaps (8)                                               88   -        1   +       88  
  Foreign currency denominated assets (9)                                    20,143   -      293   +      267  
  Other assets (10)                                                          21,335   -    1,116   -      812  
                                                                                                               
Total assets                                                       (0)    4,478,485   -   11,311   -    9,098  

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        Mar 2, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 24, 2016  Mar 4, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,387,972   +    2,889   +   77,549 
  Reverse repurchase agreements (11)                                         291,425   +    4,749   +   14,257 
  Deposits                                                          (0)    2,753,010   -   18,501   -   82,081 
    Term deposits held by depository institutions                                  0   -   63,907   -  216,067 
    Other deposits held by depository institutions                         2,496,582   +   70,535   -   58,087 
    U.S. Treasury, General Account                                           229,388   +   12,526   +  176,942 
    Foreign official                                                           5,240   +        2   +       28 
    Other (12)                                                      (0)       21,800   -   37,657   +   15,103 
  Deferred availability cash items                                  (0)          443   -      229   -      223 
  Other liabilities and accrued dividends (13)                                 6,110   -      211   -      557 
                                                                                                               
Total liabilities                                                   (0)    4,438,960   -   11,303   +    8,946 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,526   -        6   +      741 
  Surplus                                                                     10,000            0   -   18,785 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,526   -        6   -   18,043 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 2, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,938          50          85          134         137         305         185         283          26          57         154         192         329
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,414,615     111,909   2,650,140      109,799     106,138     239,773     248,596     164,027      46,038      26,852      57,348     142,209     511,787
    Securities held outright (1)               4,244,299     107,591   2,547,904      105,563     102,043     230,523     239,005     157,695      44,262      25,812      55,136     136,723     492,044
      U.S. Treasury securities                 2,461,152      62,389   1,477,459       61,213      59,172     133,674     138,593      91,443      25,666      14,968      31,972      79,282     285,323
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,152      62,389   1,477,459       61,213      59,172     133,674     138,593      91,443      25,666      14,968      31,972      79,282     285,323
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,751,829      44,408   1,051,644       43,571      42,118      95,148      98,649      65,088      18,269      10,654      22,757      56,432     203,090
    Unamortized premiums on securities held 
      outright (5)                               186,743       4,734     112,104        4,645       4,490      10,143      10,516       6,938       1,947       1,136       2,426       6,016      21,649
    Unamortized discounts on securities     
      held outright (5)                          -16,437        -417      -9,867         -409        -395        -893        -926        -611        -171        -100        -214        -529      -1,906
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             11           1           0            0           0           0           0           5           0           5           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     184           0           0            0           0           0         183           0           0           0           0           0           0
  Bank premises                                    2,225         123         433           74         105         210         207         203         117          91         240         225         197
  Central bank liquidity swaps (8)                    88           4          28            5           7          20           5           2           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,143         909       6,549        1,121       1,564       4,603       1,141         539         187          84         211         289       2,945
  Other assets (10)                               21,335         572      12,202          534         521       1,336       1,218         807         470         155         320         712       2,487
  Interdistrict settlement account                     0  -   23,137  -  169,272   +   16,386  +   17,653  +   23,109  +   12,712  +    2,238  +   13,795  +    6,562  +    5,080  +   26,464  +   68,411
                                                                                                                                                                                                         
Total assets                                   4,478,485      90,973   2,507,412      128,603     126,866     270,552     266,500     169,258      61,081      34,064      63,795     171,266     588,114

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, March 2, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,556,643      49,456     497,340      49,381      81,996     105,525     222,744     102,404      51,149      27,124      40,230     129,041     200,257
    Less: Notes held by F.R. Banks               168,671       5,845      58,855       6,142       8,644      11,195      21,271      10,270       4,308       2,597       4,802      12,323      22,418
      Federal Reserve notes, net               1,387,972      43,610     438,485      43,238      73,351      94,329     201,472      92,134      46,841      24,527      35,428     116,718     177,838
  Reverse repurchase agreements (11)             291,425       7,387     174,946       7,248       7,007      15,828      16,411      10,828       3,039       1,772       3,786       9,388      33,785
  Deposits                                     2,753,010      38,055   1,877,757      75,733      43,303     151,088      45,926      64,934      10,638       7,122      24,057      44,414     369,982
    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                           2,496,582      38,049   1,628,775      75,731      43,300     150,908      45,916      57,712      10,630       7,122      24,056      44,413     369,972
    U.S. Treasury, General Account               229,388           0     229,388           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,240           2       5,213           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    21,800           5      14,381           0           0         171           8       7,221           8           0           1           1           5
  Deferred availability cash items                   443           0           0           0           0           0         106           0           0         337           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,559          32       1,042          21          16           7         103          67          25          12          20          61         155
  Other liabilities and accrued             
     dividends                                     4,551         142       2,152         181         180         494         290         228         126         125         109         183         342
                                                                                                                                                                                                        
Total liabilities                              4,438,960      89,226   2,494,382     126,421     123,856     261,746     264,307     168,191      60,668      33,895      63,400     170,764     582,103
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,526       1,305       9,731       1,631       2,248       6,575       1,638         799         311         127         296         376       4,490
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,478,485      90,973   2,507,412     128,603     126,866     270,552     266,500     169,258      61,081      34,064      63,795     171,266     588,114

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, March 2, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Mar 2, 2016  

Federal Reserve notes outstanding                                                            1,556,643  
  Less: Notes held by F.R. Banks not subject to collateralization                              168,671  
    Federal Reserve notes to be collateralized                                               1,387,972  
Collateral held against Federal Reserve notes                                                1,387,972  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,371,735  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,244,299  
  Less: Face value of securities under reverse repurchase agreements                           271,963  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,972,336  

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.