FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 6, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Apr 5, 2017 
Federal Reserve Banks                                      Apr 5, 2017 Mar 29, 2017  Apr 6, 2016              

Reserve Bank credit                                         4,434,772   -    1,599   -    8,823    4,435,771  
  Securities held outright (1)                              4,246,858   -    4,745   +    3,178    4,246,906  
    U.S. Treasury securities                                2,464,407   +      131   +    3,071    2,464,454  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,470   -    1,141   -    2,428    2,339,280  
      Notes and bonds, inflation-indexed (2)                  107,043   +    1,142   +    3,542      107,233  
      Inflation compensation (3)                               17,895   +      132   +    1,958       17,942  
    Federal agency debt securities (2)                         13,329            0   -   15,928       13,329  
    Mortgage-backed securities (4)                          1,769,122   -    4,876   +   16,035    1,769,122  
  Unamortized premiums on securities held outright (5)        169,357   -      395   -   16,048      169,214  
  Unamortized discounts on securities held outright (5)       -14,974   -       14   +    1,387      -14,966  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            56   +       45   +       22           13  
    Primary credit                                                 44   +       41   +       37            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                11   +        3   -       16           12  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709   +        2   -       13        1,718  
  Float                                                          -629   -      278   -      353         -604  
  Central bank liquidity swaps (8)                              5,075   +    4,068   +    4,929        5,075  
  Other Federal Reserve assets (9)                             27,321   -      281   -    1,924       28,415  
Foreign currency denominated assets (10)                       20,107   -      125   -      745       20,042  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,740   +       14   +    1,014       48,740  
                                                                                                              
Total factors supplying reserve funds                       4,519,860   -    1,710   -    8,554    4,520,794  

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 5, 2017 
Federal Reserve Banks                                      Apr 5, 2017 Mar 29, 2017  Apr 6, 2016              

Currency in circulation (11)                                 1,537,153   +    3,051   +   93,220    1,540,054 
Reverse repurchase agreements (12)                             520,839   +   51,916   +  178,624      425,190 
  Foreign official and international accounts                  252,177   +    2,180   +   11,208      250,546 
  Others                                                       268,661   +   49,735   +  167,415      174,644 
Treasury cash holdings                                             266            0   +       55          259 
Deposits with F.R. Banks, other than reserve balances          180,578   +   19,957   -  122,073      170,573 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                89,210   +   24,023   -  175,113       82,953 
  Foreign official                                               5,179   +       11   +        5        5,177 
  Other (13)                                                    86,190   -    4,076   +   53,036       82,443 
Other liabilities and capital (14)                              47,166   -    1,560   -      262       46,942 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,286,002   +   73,363   +  149,564    2,183,018 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,233,858   -   75,074   -  158,119    2,337,776 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Apr 5, 2017 
                                                           Apr 5, 2017 Mar 29, 2017  Apr 6, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,214,191   +    7,180   -   43,375    3,205,807 
  Marketable U.S. Treasury securities (1)                    2,891,595   +    7,857   -   51,238    2,883,278 
  Federal agency debt and mortgage-backed securities (2)       260,654   -      412   -    5,912      260,587 
  Other securities (3)                                          61,943   -      265   +   13,776       61,942 
Securities lent to dealers                                      24,328   -      440   +    1,433       19,856 
  Overnight facility (4)                                        24,328   -      440   +    1,433       19,856 
    U.S. Treasury securities                                    24,280   -      416   +    1,438       19,803 
    Federal agency debt securities                                  48   -       25   -        5           53 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 5, 2017       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                            0            12             0             0             0           ...            13 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                     460        59,336       201,689     1,194,547       380,988       627,435     2,464,454 
  Weekly changes                        -   13,099    +   12,425    +   18,321    -   22,346    +    4,752    +       67    +      119 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,500         3,732         3,706         2,044             0         2,347        13,329 
  Weekly changes                        +    1,500    -    1,500             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            59        11,306     1,757,757     1,769,122 
  Weekly changes                                 0             0             0    +        2    +      268    -      266    +        4 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             5,075             0             0             0             0             0         5,075 
                                                                                                                                       
Reverse repurchase agreements (4)          425,190             0           ...           ...           ...           ...       425,190 
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 5, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,122  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           25,709  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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 5, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,718  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2016. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Apr 5, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 29, 2017  Apr 6, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,908   -        4   +       35  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,166   -      182   -   11,482  
    Securities held outright (1)                                          4,246,906   +      123   +    3,217  
      U.S. Treasury securities                                            2,464,454   +      119   +    3,109  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,280   -    1,331   -    2,618  
        Notes and bonds, inflation-indexed (2)                              107,233   +    1,332   +    3,732  
        Inflation compensation (3)                                           17,942   +      119   +    1,996  
      Federal agency debt securities (2)                                     13,329            0   -   15,928  
      Mortgage-backed securities (4)                                      1,769,122   +        4   +   16,035  
    Unamortized premiums on securities held outright  
    (5)                                                                     169,214   -      289   -   16,057  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,966   -       18   +    1,383  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        13   +        2   -       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,718   +       11   -        4  
  Items in process of collection                                   (0)           72   +        7   -       96  
  Bank premises                                                               2,199   -        1   -       21  
  Central bank liquidity swaps (8)                                            5,075   +    4,068   +    4,929  
  Foreign currency denominated assets (9)                                    20,042   -      116   -      973  
  Other assets (10)                                                          26,216   +    1,232   -    1,825  
                                                                                                               
Total assets                                                       (0)    4,474,634   +    5,016   -    9,435  

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 5, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 29, 2017  Apr 6, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,493,478   +    3,695   +   93,437 
  Reverse repurchase agreements (11)                                         425,190   -   85,707   +  156,683 
  Deposits                                                          (0)    2,508,349   +   87,640   -  259,753 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,337,776   +   67,791   -  129,315 
    U.S. Treasury, General Account                                            82,953   +   19,852   -  180,584 
    Foreign official                                                           5,177   +       13   +        4 
    Other (12)                                                      (0)       82,443   -       17   +   50,142 
  Deferred availability cash items                                  (0)          676   -      107   +      129 
  Other liabilities and accrued dividends (13)                                 6,352   -      498   -      461 
                                                                                                               
Total liabilities                                                   (0)    4,434,045   +    5,022   -    9,965 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,589   -        6   +      530 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,589   -        6   +      530 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, April 5, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,908          51          65          172         132         295         197         289          25          54         121         193         315
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,166     108,115   2,504,552      119,501     131,807     268,971     246,329     175,372      55,546      32,450      61,255     156,658     540,611
    Securities held outright (1)               4,246,906     104,326   2,416,774      115,313     127,188     259,544     237,696     169,218      53,599      31,311      59,106     151,167     521,664
      U.S. Treasury securities                 2,464,454      60,540   1,402,440       66,915      73,806     150,612     137,933      98,196      31,103      18,169      34,299      87,722     302,718
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,454      60,540   1,402,440       66,915      73,806     150,612     137,933      98,196      31,103      18,169      34,299      87,722     302,718
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,769,122      43,459   1,006,749       48,036      52,982     108,118      99,016      70,490      22,328      13,043      24,622      62,971     217,308
    Unamortized premiums on securities held 
      outright (5)                               169,214       4,157      96,294        4,595       5,068      10,341       9,471       6,742       2,136       1,248       2,355       6,023      20,785
    Unamortized discounts on securities     
      held outright (5)                          -14,966        -368      -8,517         -406        -448        -915        -838        -596        -189        -110        -208        -533      -1,838
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             13           0           0            0           0           0           0           9           0           2           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,718           0       1,718            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      72           0           0            0           0           0          71           0           0           0           0           0           0
  Bank premises                                    2,199         119         440           71         111         202         204         200         112          89         237         221         194
  Central bank liquidity swaps (8)                 5,075         220       1,625          273         413       1,097         296         212          56          21          49          65         747
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,042         869       6,420        1,077       1,632       4,331       1,169         839         219          85         195         256       2,951
  Other assets (10)                               26,216         683      14,431          712         793       1,796       1,497       1,054         415         220         429         959       3,228
  Interdistrict settlement account                     0  -   14,232  -  177,171   +    1,413  -    1,409  +    2,321  +   20,381  +   58,304  +    7,745  +    4,269  +    8,146  +   34,935  +   55,299
                                                                                                                                                                                                         
Total assets                                   4,474,634      96,375   2,357,485      123,788     134,303     280,183     272,340     237,446      64,628      37,471      70,880     194,444     605,289

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 5, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,665,180      54,938     530,453      53,599      82,532     118,820     225,289     114,274      52,290      29,246      46,521     141,444     215,775
    Less: Notes held by F.R. Banks               171,702       5,908      43,864       7,197       9,535      13,073      24,574      11,660       5,381       3,154       5,696      16,284      25,375
      Federal Reserve notes, net               1,493,478      49,030     486,588      46,403      72,997     105,747     200,714     102,613      46,908      26,092      40,824     125,160     190,401
  Reverse repurchase agreements (11)             425,190      10,445     241,961      11,545      12,734      25,985      23,798      16,942       5,366       3,135       5,918      15,135      52,228
  Deposits                                     2,508,349      34,953   1,612,651      63,448      45,055     139,171      44,995     115,848      11,738       7,319      23,597      53,377     356,198
    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                           2,337,776      34,945   1,498,295      63,445      45,052     138,875      44,986      59,977      11,720       7,319      23,595      53,377     356,191
    U.S. Treasury, General Account                82,953           0      82,953           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,177           2       5,150           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    82,443           6      26,253           0           0         288           7      55,869          18           0           1           0           1
  Deferred availability cash items                   676           0           0           0           0           0          67           0           0         608           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,454          34         875          26          29          32         111          54          30          16          25          64         157
  Other liabilities and accrued             
     dividends                                     4,898         159       2,393         184         192         487         300         262         135         130         120         194         343
                                                                                                                                                                                                        
Total liabilities                              4,434,045      94,621   2,344,469     121,605     131,007     271,422     269,986     235,718      64,178      37,300      70,484     193,930     599,326
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,589       1,321       9,815       1,646       2,481       6,601       1,771       1,309         341         129         300         387       4,490
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,474,634      96,375   2,357,485     123,788     134,303     280,183     272,340     237,446      64,628      37,471      70,880     194,444     605,289

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 5, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Apr 5, 2017  

Federal Reserve notes outstanding                                                            1,665,180  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,702  
    Federal Reserve notes to be collateralized                                               1,493,478  
Collateral held against Federal Reserve notes                                                1,493,478  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,477,241  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,246,906  
  Less: Face value of securities under reverse repurchase agreements                           407,756  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,839,149  

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.