FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 29, 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  Jun 28, 2017 
Federal Reserve Banks                                     Jun 28, 2017 Jun 21, 2017 Jun 29, 2016              

Reserve Bank credit                                         4,431,065   +      819   -    5,021    4,423,721  
  Securities held outright (1)                              4,249,680   +      297   +   10,229    4,243,422  
    U.S. Treasury securities                                2,465,014   +       88   +    2,761    2,465,046  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,216            0   -    1,070    2,338,216  
      Notes and bonds, inflation-indexed (2)                  108,126            0   +    2,187      108,126  
      Inflation compensation (3)                               18,671   +       88   +    1,643       18,703  
    Federal agency debt securities (2)                          8,097            0   -   16,999        8,097  
    Mortgage-backed securities (4)                          1,776,569   +      209   +   24,468    1,770,280  
  Unamortized premiums on securities held outright (5)        166,356   -      257   -   14,853      166,068  
  Unamortized discounts on securities held outright (5)       -14,745   +       31   +    1,182      -14,733  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           133   +       32   +        1          192  
    Primary credit                                                 30   +       12   +       23           84  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               103   +       20   -       22          108  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        4        1,709  
  Float                                                          -284   -       21   -        5         -744  
  Central bank liquidity swaps (8)                                 35   -        7   +       33           35  
  Other Federal Reserve assets (9)                             28,182   +      747   -    1,604       27,773  
Foreign currency denominated assets (10)                       20,629   +       29   -      627       20,734  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,949   +       14   +      930       48,949  
                                                                                                              
Total factors supplying reserve funds                       4,516,885   +      863   -    4,717    4,509,646  

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  Jun 28, 2017 
Federal Reserve Banks                                     Jun 28, 2017 Jun 21, 2017 Jun 29, 2016              

Currency in circulation (11)                                 1,555,877   +    1,167   +   97,272    1,559,134 
Reverse repurchase agreements (12)                             448,132   +   39,298   +   89,091      504,865 
  Foreign official and international accounts                  239,395   -    3,020   -   13,510      241,166 
  Others                                                       208,737   +   42,317   +  102,601      263,699 
Treasury cash holdings                                             198   -        4   +      105          187 
Deposits with F.R. Banks, other than reserve balances          302,397   +    8,434   -   97,458      280,028 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               208,365   -    3,910   -  128,728      197,597 
  Foreign official                                               5,165   -       11   -      157        5,165 
  Other (13)                                                    88,867   +   12,355   +   31,428       77,266 
Other liabilities and capital (14)                              47,539   -      954   -      125       47,324 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,354,143   +   47,941   +   88,885    2,391,538 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,162,742   -   47,078   -   93,602    2,118,108 

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 securities, Federal agency debt
    securities, and 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  Jun 28, 2017 
                                                          Jun 28, 2017 Jun 21, 2017 Jun 29, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,307,944   +   17,916   +   82,947    3,311,175 
  Marketable U.S. Treasury securities (1)                    2,985,481   +   19,435   +   73,426    2,988,792 
  Federal agency debt and mortgage-backed securities (2)       260,524   -    1,690   -    2,088      260,308 
  Other securities (3)                                          61,939   +      172   +   11,609       62,076 
Securities lent to dealers                                      25,135   -      476   +    1,183       23,577 
  Overnight facility (4)                                        25,135   -      476   +    1,183       23,577 
    U.S. Treasury securities                                    25,134   -      476   +    1,196       23,576 
    Federal agency debt securities                                   0            0   -       14            1 

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, June 28, 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                                          163            28             0             0             0           ...           192 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  12,885        34,924       256,069     1,174,374       353,845       632,949     2,465,046 
  Weekly changes                                 0    +        1    +        2    +       13    +       19    +       52    +       88 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           620        10,980     1,758,679     1,770,280 
  Weekly changes                                 0             0             0    -      181    -      424    -   10,216    -   10,819 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          504,865             0           ...           ...           ...           ...       504,865 
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   
                                                                                                                      Jun 28, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,280  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           22,547  
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   
                                                                                                                      Jun 28, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
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 March 31, 2017. 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       Jun 28, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 21, 2017 Jun 29, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,819            0   -       34  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,394,948   -   11,212   -    1,056  
    Securities held outright (1)                                          4,243,422   -   10,732   +   12,482  
      U.S. Treasury securities                                            2,465,046   +       88   +    2,743  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,216            0   -    1,070  
        Notes and bonds, inflation-indexed (2)                              108,126            0   +    2,187  
        Inflation compensation (3)                                           18,703   +       88   +    1,626  
      Federal agency debt securities (2)                                      8,097            0   -   16,999  
      Mortgage-backed securities (4)                                      1,770,280   -   10,819   +   26,739  
    Unamortized premiums on securities held outright  
    (5)                                                                     166,068   -      595   -   14,750  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,733   +       32   +    1,177  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       192   +       85   +       36  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        3  
  Items in process of collection                                   (0)           93   +       32   -       44  
  Bank premises                                                               2,197   -        1   -       23  
  Central bank liquidity swaps (8)                                               35   -        7   +       33  
  Foreign currency denominated assets (9)                                    20,734   +      197   -      513  
  Other assets (10)                                                          25,576   +       81   -    1,494  
                                                                                                               
Total assets                                                       (0)    4,463,347   -   10,910   -    3,135  

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       Jun 28, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 21, 2017 Jun 29, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,512,186   +    3,413   +   95,438 
  Reverse repurchase agreements (11)                                         504,865   +   58,629   +  101,138 
  Deposits                                                          (0)    2,398,136   -   72,331   -  199,777 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,118,108   -   46,508   -   81,011 
    U.S. Treasury, General Account                                           197,597   -   27,529   -  149,035 
    Foreign official                                                           5,165            0   -       29 
    Other (12)                                                      (0)       77,266   +    1,706   +   30,298 
  Deferred availability cash items                                  (0)          836   +      403   -      570 
  Other liabilities and accrued dividends (13)                                 6,481   -    1,012   -       94 
                                                                                                               
Total liabilities                                                   (0)    4,422,504   -   10,897   -    3,865 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,843   -       13   +      730 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,843   -       13   +      730 

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 securities, Federal agency debt
    securities, and 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, June 28, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,819          44          47          169         128         272         198         279          26          50         112         183         309
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,394,948      85,626   2,474,653      113,471     127,444     257,491     258,696     184,861      58,634      34,309      62,333     175,958     561,474
    Securities held outright (1)               4,243,422      82,678   2,389,436      109,563     123,055     248,624     249,783     178,473      56,585      33,084      60,182     169,877     542,081
      U.S. Treasury securities                 2,465,046      48,028   1,388,047       63,646      71,484     144,428     145,102     103,677      32,871      19,219      34,960      98,683     314,900
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,046      48,028   1,388,047       63,646      71,484     144,428     145,102     103,677      32,871      19,219      34,960      98,683     314,900
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,770,280      34,492     996,830       45,708      51,336     103,722     104,205      74,456      23,606      13,802      25,107      70,870     226,147
    Unamortized premiums on securities held 
      outright (5)                               166,068       3,236      93,511        4,288       4,816       9,730       9,775       6,985       2,214       1,295       2,355       6,648      21,215
    Unamortized discounts on securities     
      held outright (5)                          -14,733        -287      -8,296         -380        -427        -863        -867        -620        -196        -115        -209        -590      -1,882
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            192           0           1            0           0           0           4          23          31          46           5          23          60
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      93           0           0            0           0           0          92           0           0           0           0           0           0
  Bank premises                                    2,197         118         442           72         112         200         203         200         111          89         237         221         193
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,734         899       6,641        1,115       1,689       4,480       1,209         868         227          88         201         265       3,053
  Other assets (10)                               25,576         542      13,908          659         746       1,673       1,523       1,083         404         219         426       1,139       3,252
  Interdistrict settlement account                     0  +    1,122  -   63,113   -    1,686  +    2,691  +    9,507  -      808  +   41,964  +    1,121  +    3,088  +    5,976  +    4,541  -    4,402
                                                                                                                                                                                                         
Total assets                                   4,463,347      88,898   2,439,707      114,359     133,602     274,820     263,290     230,417      61,015      38,125      69,730     183,505     565,879

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, June 28, 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            1,682,809      57,039     528,878      55,875      85,977     122,224     223,093     115,680      52,733      31,455      48,769     142,884     218,201
    Less: Notes held by F.R. Banks               170,624       5,944      43,527       7,438       9,946      12,477      26,807      10,918       5,319       2,764       5,494      15,727      24,262
      Federal Reserve notes, net               1,512,186      51,094     485,350      48,437      76,031     109,748     196,286     104,763      47,414      28,691      43,275     127,157     193,940
  Reverse repurchase agreements (11)             504,865       9,837     284,285      13,035      14,641      29,580      29,718      21,234       6,732       3,936       7,160      20,211      64,495
  Deposits                                     2,398,136      26,003   1,654,083      50,429      39,309     125,960      34,423     102,319       6,266       4,416      18,720      35,348     300,860
    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                           2,118,108      25,998   1,430,754      50,427      39,306     125,819      34,414      45,794       6,263       4,415      18,718      35,347     300,853
    U.S. Treasury, General Account               197,597           0     197,597           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    77,266           3      20,595           0           0         132           6      56,524           2           0           1           1           1
  Deferred availability cash items                   836           0           0           0           0           0          57           0           0         760          19           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,534          36         792          46          61         119         107          60          10          13          20          68         201
  Other liabilities and accrued             
     dividends                                     4,947         174       2,145         202         211         559         342         294         139         137         135         207         403
                                                                                                                                                                                                        
Total liabilities                              4,422,504      87,144   2,426,656     112,149     130,253     265,966     260,933     228,670      60,561      37,953      69,328     182,992     559,898
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,843       1,321       9,848       1,672       2,535       6,693       1,773       1,329         344         129         305         385       4,509
  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                  4,463,347      88,898   2,439,707     114,359     133,602     274,820     263,290     230,417      61,015      38,125      69,730     183,505     565,879

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, June 28, 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 securities, Federal agency     
    debt securities, and 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   
                                                                                          Jun 28, 2017  

Federal Reserve notes outstanding                                                            1,682,809  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,624  
    Federal Reserve notes to be collateralized                                               1,512,186  
Collateral held against Federal Reserve notes                                                1,512,186  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,495,949  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,422  
  Less: Face value of securities under reverse repurchase agreements                           482,191  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,761,231  

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.