FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 7, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Apr 6, 2016 
Federal Reserve Banks                                      Apr 6, 2016 Mar 30, 2016  Apr 8, 2015              

Reserve Bank credit                                         4,443,595   -      992   -      822    4,444,396  
  Securities held outright (1)                              4,243,680   -    1,377   +   15,222    4,243,689  
    U.S. Treasury securities                                2,461,336   +       26   +    1,685    2,461,345  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,898   -    2,620   -    4,811    2,341,898  
      Notes and bonds, inflation-indexed (2)                  103,501   +    2,621   +    5,032      103,501  
      Inflation compensation (3)                               15,937   +       25   +    1,464       15,946  
    Federal agency debt securities (2)                         29,257            0   -    7,620       29,257  
    Mortgage-backed securities (4)                          1,753,087   -    1,403   +   21,157    1,753,087  
  Unamortized premiums on securities held outright (5)        185,405   -      458   -   16,934      185,271  
  Unamortized discounts on securities held outright (5)       -16,361   -       47   +    1,573      -16,349  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            34   -        2   -       26           37  
    Primary credit                                                  7   -       16   -       35            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                27   +       13   +        9           37  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       31        1,722  
  Float                                                          -276   +      124   +      211         -379  
  Central bank liquidity swaps (8)                                146   +       98   +      146          146  
  Other Federal Reserve assets (9)                             29,245   +      670   -    1,045       30,260  
Foreign currency denominated assets (10)                       20,852   +      343   +    1,044       21,015  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,742   +       14   +    1,046       47,742  
                                                                                                              
Total factors supplying reserve funds                       4,528,430   -      635   +    1,269    4,529,394  

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 6, 2016 
Federal Reserve Banks                                      Apr 6, 2016 Mar 30, 2016  Apr 8, 2015              

Currency in circulation (11)                                 1,443,949   +    2,660   +   82,693    1,445,716 
Reverse repurchase agreements (12)                             342,215   +   38,006   +   58,502      268,507 
  Foreign official and international accounts                  240,969   +    5,203   +   93,394      241,052 
  Others                                                       101,246   +   32,803   -   34,892       27,455 
Treasury cash holdings                                             211   -        6   -       32          198 
Deposits with F.R. Banks, other than reserve balances          302,651   -   24,614   +  230,937      301,010 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               264,323   -   20,337   +  209,117      263,537 
  Foreign official                                               5,174   -       36   -       56        5,173 
  Other (13)                                                    33,154   -    4,241   +   21,877       32,301 
Other liabilities and capital (14)                              47,428   -      241   -   18,310       46,872 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,136,454   +   15,805   +  353,790    2,062,304 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,391,977   -   16,440   -  352,520    2,467,091 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Apr 6, 2016 
                                                           Apr 6, 2016 Mar 30, 2016  Apr 8, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,257,566   -    2,876   -   32,194    3,248,774 
  Marketable U.S. Treasury securities (1)                    2,942,833   -    3,833   -   18,706    2,933,742 
  Federal agency debt and mortgage-backed securities (2)       266,566   +      680   -   18,042      266,803 
  Other securities (3)                                          48,167   +      277   +    4,553       48,228 
Securities lent to dealers                                      22,895   +      242   +   11,717       19,347 
  Overnight facility (4)                                        22,895   +      242   +   11,717       19,347 
    U.S. Treasury securities                                    22,842   +      232   +   12,038       19,302 
    Federal agency debt securities                                  53   +       11   -      320           45 

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 6, 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                                            0            37             0             0             0           ...            37 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     394        80,207       117,586     1,156,730       474,170       632,257     2,461,345 
  Weekly changes                        -   23,193    +   13,173    -        6    +      740    +    9,288    +       16    +       19 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,161         2,000        11,767        10,982             0         2,347        29,257 
  Weekly changes                        +    2,161    -    2,161             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           858         8,752     1,743,477     1,753,087 
  Weekly changes                                 0             0             0    +      102    -       94    -        4    +        5 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               146             0             0             0             0             0           146 
                                                                                                                                       
Reverse repurchase agreements (4)          268,507             0           ...           ...           ...           ...       268,507 
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 6, 2016  

Mortgage-backed securities held outright (1)                                                                             1,753,087  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,886  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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 6, 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        Apr 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 30, 2016  Apr 8, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,873   -        3   +       43  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,412,648   -      305   -      203  
    Securities held outright (1)                                          4,243,689   +       23   +   15,189  
      U.S. Treasury securities                                            2,461,345   +       19   +    1,652  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,341,898   -    2,620   -    4,811  
        Notes and bonds, inflation-indexed (2)                              103,501   +    2,621   +    5,032  
        Inflation compensation (3)                                           15,946   +       18   +    1,431  
      Federal agency debt securities (2)                                     29,257            0   -    7,620  
      Mortgage-backed securities (4)                                      1,753,087   +        5   +   21,157  
    Unamortized premiums on securities held outright  
    (5)                                                                     185,271   -      286   -   16,971  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,349   -       48   +    1,574  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        37   +        5   +        5  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       31  
  Items in process of collection                                   (0)          168   +       26   +       70  
  Bank premises                                                               2,220   -        6   -       22  
  Central bank liquidity swaps (8)                                              146   +       98   +      146  
  Foreign currency denominated assets (9)                                    21,015   +      334   +    1,423  
  Other assets (10)                                                          28,041   +    1,085   -      837  
                                                                                                               
Total assets                                                       (0)    4,484,069   +    1,229   +      650  

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 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 30, 2016  Apr 8, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,400,041   +    2,399   +   81,334 
  Reverse repurchase agreements (11)                                         268,507   -  101,181   +   24,015 
  Deposits                                                          (0)    2,768,102   +  100,881   -   86,386 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,467,091   +  131,005   -  325,821 
    U.S. Treasury, General Account                                           263,537   -   28,375   +  219,283 
    Foreign official                                                           5,173   +        1   -       57 
    Other (12)                                                      (0)       32,301   -    1,749   +   20,208 
  Deferred availability cash items                                  (0)          547   -      843   -       36 
  Other liabilities and accrued dividends (13)                                 6,813   -       10   -      657 
                                                                                                               
Total liabilities                                                   (0)    4,444,010   +    1,247   +   18,269 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,059   -       18   +    1,220 
  Surplus                                                                     10,000            0   -   18,839 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,059   -       18   -   17,619 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, April 6, 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                                             1,873          51          83          129         137         298         177         278          26          57         152         182         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,412,648     111,857   2,648,943      109,749     106,090     239,665     248,483     163,958      46,026      26,844      57,331     142,145     511,556
    Securities held outright (1)               4,243,689     107,575   2,547,537      105,548     102,028     230,490     238,971     157,672      44,255      25,808      55,128     136,703     491,973
      U.S. Treasury securities                 2,461,345      62,394   1,477,575       61,218      59,177     133,684     138,603      91,450      25,668      14,969      31,974      79,288     285,345
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,345      62,394   1,477,575       61,218      59,177     133,684     138,603      91,450      25,668      14,969      31,974      79,288     285,345
      Federal agency debt securities (2)          29,257         742      17,563          728         703       1,589       1,648       1,087         305         178         380         942       3,392
      Mortgage-backed securities (4)           1,753,087      44,440   1,052,399       43,602      42,148      95,216      98,720      65,135      18,282      10,662      22,774      56,473     203,236
    Unamortized premiums on securities held 
      outright (5)                               185,271       4,697     111,220        4,608       4,454      10,063      10,433       6,884       1,932       1,127       2,407       5,968      21,479
    Unamortized discounts on securities     
      held outright (5)                          -16,349        -414      -9,815         -407        -393        -888        -921        -607        -170         -99        -212        -527      -1,895
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             37           0           0            0           0           0           0          10          10           8           9           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                     168           0           0            0           0           0         166           0           0           0           0           0           0
  Bank premises                                    2,220         122         431           74         105         209         206         202         116          91         241         225         198
  Central bank liquidity swaps (8)                   146           6          48            8          11          33           8           4           1           1           1           2          22
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,015         929       6,936        1,156       1,600       4,686       1,167         563         216          90         210         266       3,197
  Other assets (10)                               28,041         749      16,306          706         688       1,708       1,604       1,062         381         200         413         943       3,280
  Interdistrict settlement account                     0  -   34,014  -  211,446   +   12,546  +   25,457  +   44,184  +    9,700  +   15,113  +   13,150  +    6,651  +    3,935  +   29,460  +   85,264
                                                                                                                                                                                                         
Total assets                                   4,484,069      80,243   2,468,550      124,918     134,830     291,977     263,765     182,339      60,367      34,195      62,724     174,396     605,763

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 6, 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            1,567,605      49,206     497,834      49,241      81,821     108,499     222,681     105,684      50,780      27,167      40,051     130,296     204,345
    Less: Notes held by F.R. Banks               167,564       5,210      58,249       5,646       8,741      11,164      22,632      10,209       4,762       2,414       4,660      12,358      21,519
      Federal Reserve notes, net               1,400,041      43,997     439,585      43,595      73,080      97,335     200,049      95,475      46,018      24,754      35,390     117,938     182,826
  Reverse repurchase agreements (11)             268,507       6,807     161,188       6,678       6,456      14,584      15,120       9,976       2,800       1,633       3,488       8,649      31,128
  Deposits                                     2,768,102      27,481   1,851,223      72,249      52,031     170,597      45,838      75,070      10,977       7,067      23,313      47,045     385,211
    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                           2,467,091      27,476   1,557,500      72,247      52,028     170,311      45,829      68,111      10,968       7,067      23,312      47,043     385,200
    U.S. Treasury, General Account               263,537           0     263,537           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,173           2       5,146           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    32,301           3      25,040           0           0         277           7       6,958           9           0           1           1           5
  Deferred availability cash items                   547           0           0           0           0           0         116           0           0         431           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,327          72       1,295          65          75         190         144          81          30          12          25          66         271
  Other liabilities and accrued             
     dividends                                     4,487         140       2,139         174         175         466         291         233         128         129         112         188         312
                                                                                                                                                                                                        
Total liabilities                              4,444,010      78,497   2,455,429     122,762     131,817     283,172     261,558     180,834      59,952      34,025      62,329     173,887     599,748
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,059       1,305       9,822       1,606       2,252       6,575       1,652       1,237         312         127         295         383       4,494
  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                  4,484,069      80,243   2,468,550     124,918     134,830     291,977     263,765     182,339      60,367      34,195      62,724     174,396     605,763

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 6, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Apr 6, 2016  

Federal Reserve notes outstanding                                                            1,567,605  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,564  
    Federal Reserve notes to be collateralized                                               1,400,041  
Collateral held against Federal Reserve notes                                                1,400,041  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,383,804  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,689  
  Less: Face value of securities under reverse repurchase agreements                           249,407  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,994,282  

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.