FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 28, 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  Jan 27, 2016 
Federal Reserve Banks                                     Jan 27, 2016 Jan 20, 2016 Jan 28, 2015              

Reserve Bank credit                                         4,451,298   -    4,916   -   17,451    4,443,941  
  Securities held outright (1)                              4,243,429   -    4,758   -      538    4,236,838  
    U.S. Treasury securities                                2,461,361   -       51   +      505    2,461,341  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       73    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,188   -       52   +      513       16,168  
    Federal agency debt securities (2)                         31,318   -    1,161   -    6,270       31,318  
    Mortgage-backed securities (4)                          1,750,750   -    3,545   +    5,226    1,744,179  
  Unamortized premiums on securities held outright (5)        188,366   -      478   -   17,713      188,025  
  Unamortized discounts on securities held outright (5)       -16,455   +       33   +    1,818      -16,437  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            40   -       45   +        1          124  
    Primary credit                                                 26   -       44   -        5          111  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                14            0   +        5           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,718   +        1   +       37        1,722  
  Float                                                          -157   -       28   +      210         -271  
  Central bank liquidity swaps (8)                                102   -       23   +      100          102  
  Other Federal Reserve assets (9)                             34,255   +      382   -    1,364       33,838  
Foreign currency denominated assets (10)                       19,730   -      203   -      542       19,734  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,623   +       14   +    1,179       47,623  
                                                                                                              
Total factors supplying reserve funds                       4,534,891   -    5,105   -   16,815    4,527,538  

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  Jan 27, 2016 
Federal Reserve Banks                                     Jan 27, 2016 Jan 20, 2016 Jan 28, 2015              

Currency in circulation (11)                                 1,413,100   -    1,735   +   84,092    1,413,576 
Reverse repurchase agreements (12)                             294,153   -   14,473   +   36,671      309,105 
  Foreign official and international accounts                  219,199   +    1,631   +  103,234      219,801 
  Others                                                        74,954   -   16,104   -   66,563       89,304 
Treasury cash holdings                                             277   -        3   +       61          267 
Deposits with F.R. Banks, other than reserve balances          385,304   +   71,115   +  147,849      359,991 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               341,996   +   56,678   +  140,804      337,973 
  Foreign official                                               5,240   -       48   +       10        5,233 
  Other (13)                                                    38,068   +   14,484   +    7,035       16,786 
Other liabilities and capital (14)                              46,305   -      991   -   16,086       45,333 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,139,139   +   53,913   +  252,586    2,128,272 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,395,752   -   59,017   -  269,401    2,399,266 

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  Jan 27, 2016 
                                                          Jan 27, 2016 Jan 20, 2016 Jan 28, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,267,091   +    1,087   -    3,780    3,267,788 
  Marketable U.S. Treasury securities (1)                    2,955,765   +    4,057   +   13,616    2,957,215 
  Federal agency debt and mortgage-backed securities (2)       263,951   -    3,053   -   22,317      263,235 
  Other securities (3)                                          47,375   +       83   +    4,921       47,339 
Securities lent to dealers                                      13,429   +    1,083   +    3,092       13,339 
  Overnight facility (4)                                        13,429   +    1,083   +    3,092       13,339 
    U.S. Treasury securities                                    13,354   +    1,082   +    3,490       13,258 
    Federal agency debt securities                                  76   +        2   -      396           81 

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, January 27, 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                                          124             0             0             0             0           ...           124 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,911        60,689       156,556     1,120,351       488,379       633,455     2,461,341 
  Weekly changes                                 0             0    -        3    -        9    -        8    -       34    -       55 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,222        10,916        13,833             0         2,347        31,318 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           594         8,978     1,734,608     1,744,179 
  Weekly changes                                 0             0             0    -       19    -      179    -    5,897    -    6,096 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               102             0             0             0             0             0           102 
                                                                                                                                       
Reverse repurchase agreements (4)          309,105             0           ...           ...           ...           ...       309,105 
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   
                                                                                                                      Jan 27, 2016  

Mortgage-backed securities held outright (1)                                                                             1,744,179  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,946  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



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   
                                                                                                                      Jan 27, 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       Jan 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Jan 20, 2016 Jan 28, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,971   +       21   +       20  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,408,550   -    6,526   -   16,028  
    Securities held outright (1)                                          4,236,838   -    6,151   -      226  
      U.S. Treasury securities                                            2,461,341   -       55   +      537  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,168   -       55   +      544  
      Federal agency debt securities (2)                                     31,318            0   -    6,270  
      Mortgage-backed securities (4)                                      1,744,179   -    6,096   +    5,507  
    Unamortized premiums on securities held outright  
    (5)                                                                     188,025   -      520   -   17,717  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,437   +       40   +    1,821  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       124   +      104   +       94  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722   +        5   +       36  
  Items in process of collection                                   (0)          195   -       32   +       57  
  Bank premises                                                               2,238   +        1   -       24  
  Central bank liquidity swaps (8)                                              102   -       23   +      101  
  Foreign currency denominated assets (9)                                    19,734   -      215   -      568  
  Other assets (10)                                                          31,600   +      278   -    1,312  
                                                                                                               
Total assets                                                       (0)    4,482,349   -    6,491   -   17,715  

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       Jan 27, 2016   Wednesday    Wednesday  
                                                        consolidation                Jan 20, 2016 Jan 28, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,368,187   -      864   +   82,370 
  Reverse repurchase agreements (11)                                         309,105   -   13,869   +   27,615 
  Deposits                                                          (0)    2,759,258   +    8,807   -  110,953 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,399,267   -   12,811   -  263,313 
    U.S. Treasury, General Account                                           337,973   +   19,224   +  143,662 
    Foreign official                                                           5,233   +        2   +       22 
    Other (12)                                                      (0)       16,786   +    2,393   +    8,678 
  Deferred availability cash items                                  (0)          466   +       43   -       19 
  Other liabilities and accrued dividends (13)                                 5,829   -      609   +      914 
                                                                                                               
Total liabilities                                                   (0)    4,442,845   -    6,491   -       72 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,504            0   +      931 
  Surplus                                                                     10,000            0   -   18,573 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,504            0   -   17,643 

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, January 27, 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                                             1,971          48          78          132         140         309         198         287          34          58         155         207         325
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,408,550     111,751   2,646,431      109,645     105,989     239,437     248,248     163,806      45,973      26,815      57,272     142,010     511,172
    Securities held outright (1)               4,236,838     107,402   2,543,425      105,377     101,864     230,118     238,585     157,417      44,184      25,767      55,039     136,482     491,179
      U.S. Treasury securities                 2,461,341      62,394   1,477,573       61,218      59,176     133,684     138,603      91,450      25,668      14,969      31,974      79,288     285,344
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,341      62,394   1,477,573       61,218      59,176     133,684     138,603      91,450      25,668      14,969      31,974      79,288     285,344
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,744,179      44,214   1,047,052       43,381      41,934      94,733      98,218      64,804      18,189      10,607      22,658      56,186     202,204
    Unamortized premiums on securities held 
      outright (5)                               188,025       4,766     112,874        4,676       4,521      10,212      10,588       6,986       1,961       1,143       2,443       6,057      21,798
    Unamortized discounts on securities     
      held outright (5)                          -16,437        -417      -9,867         -409        -395        -893        -926        -611        -171        -100        -214        -529      -1,906
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            124           0           0            0           0           0           0          14           0           5           4           0         101
  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                     195           0           0            0           0           0         195           0           0           0           0           0           0
  Bank premises                                    2,238         125         436           75         106         210         207         204         118          92         240         226         199
  Central bank liquidity swaps (8)                   102           5          33            6           8          23           6           3           1           0           1           1          15
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,734         895       6,363        1,103       1,538       4,528       1,123         530         184          83         208         284       2,897
  Other assets (10)                               31,600         843      18,429          795         772       1,894       1,787       1,191         412         216         461       1,127       3,674
  Interdistrict settlement account                     0  -   25,701  -   58,331   +    9,211  +    8,517  +    7,101  -    2,587  +    2,094  +   10,640  +    4,701  +    2,361  +    8,524  +   33,470
                                                                                                                                                                                                         
Total assets                                   4,482,349      88,508   2,620,687      121,515     117,812     254,698     251,430     169,273      57,811      32,227      61,139     153,553     553,696

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, January 27, 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            1,545,721      49,584     496,936      49,168      82,492     106,109     217,258     102,394      51,482      26,697      40,523     125,597     197,481
    Less: Notes held by F.R. Banks               177,534       6,015      60,464       6,001       9,392      11,692      22,252      10,845       4,730       2,695       4,712      13,702      25,033
      Federal Reserve notes, net               1,368,187      43,569     436,472      43,167      73,100      94,417     195,006      91,549      46,751      24,003      35,810     111,895     172,448
  Reverse repurchase agreements (11)             309,105       7,836     185,560       7,688       7,432      16,789      17,406      11,485       3,224       1,880       4,015       9,957      35,835
  Deposits                                     2,759,258      35,171   1,982,625      68,285      34,067     134,120      36,296      64,901       7,313       5,734      20,774      30,952     339,019
    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                           2,399,267      35,168   1,630,390      68,282      34,063     134,062      36,287      57,244       7,306       5,734      20,772      30,950     339,009
    U.S. Treasury, General Account               337,973           0     337,973           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,233           2       5,205           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    16,786           2       9,057           0           0          50           7       7,656           7           0           1           2           5
  Deferred availability cash items                   466           0           0           0           0           0         150           0           0         316           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,431          32         947          27          22          37          85          52          11           5          13          49         152
  Other liabilities and accrued             
     dividends                                     4,398         142       2,127         167         165         462         280         227         116         121         126         183         284
                                                                                                                                                                                                        
Total liabilities                              4,442,845      86,750   2,607,730     119,333     114,785     245,825     249,222     168,214      57,415      32,059      60,739     153,036     547,738
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,504       1,304       9,734       1,624       2,248       6,579       1,639         791         303         126         295         373       4,490
  Surplus                                         10,000         453       3,223         559         780       2,295         569         269          93          42         105         144       1,469
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,482,349      88,508   2,620,687     121,515     117,812     254,698     251,430     169,273      57,811      32,227      61,139     153,553     553,696

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, January 27, 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   
                                                                                          Jan 27, 2016  

Federal Reserve notes outstanding                                                            1,545,721  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,534  
    Federal Reserve notes to be collateralized                                               1,368,187  
Collateral held against Federal Reserve notes                                                1,368,187  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,351,950  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,236,838  
  Less: Face value of securities under reverse repurchase agreements                           285,327  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,951,511  

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.