FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 23, 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  Jun 22, 2016 
Federal Reserve Banks                                     Jun 22, 2016 Jun 15, 2016 Jun 24, 2015              

Reserve Bank credit                                         4,438,233   +    6,549   -   21,898    4,442,347  
  Securities held outright (1)                              4,242,153   +    5,727   -    4,614    4,245,772  
    U.S. Treasury securities                                2,462,118   +      135   +    1,227    2,462,168  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,286            0   -    7,356    2,339,286  
      Notes and bonds, inflation-indexed (2)                  105,939            0   +    7,405      105,939  
      Inflation compensation (3)                               16,892   +      135   +    1,177       16,942  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,754,939   +    5,591   +    4,958    1,758,508  
  Unamortized premiums on securities held outright (5)        181,622   -      151   -   17,599      181,634  
  Unamortized discounts on securities held outright (5)       -15,970   +       37   +    1,592      -15,958  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           147   +       43   -       29          144  
    Primary credit                                                 39   +       30   +       16           22  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               108   +       13   -       45          122  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       17        1,713  
  Float                                                          -139   +       65   +      195         -122  
  Central bank liquidity swaps (8)                                  0   -        6   -      115            0  
  Other Federal Reserve assets (9)                             28,708   +      835   -    1,343       29,163  
Foreign currency denominated assets (10)                       21,259   +      170   +    1,329       21,269  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,913   +       14   +      942       47,913  
                                                                                                              
Total factors supplying reserve funds                       4,523,646   +    6,734   -   19,628    4,527,770  

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 22, 2016 
Federal Reserve Banks                                     Jun 22, 2016 Jun 15, 2016 Jun 24, 2015              

Currency in circulation (11)                                 1,456,060   -      614   +   91,644    1,457,131 
Reverse repurchase agreements (12)                             307,819   +   26,141   -    2,957      335,070 
  Foreign official and international accounts                  242,732   -       60   +   91,506      244,684 
  Others                                                        65,087   +   26,201   -   94,464       90,386 
Treasury cash holdings                                              90   -        3   -       40           96 
Deposits with F.R. Banks, other than reserve balances          349,659   +   69,004   +   78,916      369,599 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               316,838   +   85,581   +   77,340      331,412 
  Foreign official                                               5,334   +      117   +       92        5,196 
  Other (13)                                                    27,487   -   16,694   +    1,484       32,991 
Other liabilities and capital (14)                              48,120   -      538   -   18,763       47,279 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,161,748   +   93,989   +  148,799    2,209,175 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,361,897   -   87,256   -  168,427    2,318,595 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 22, 2016 
                                                          Jun 22, 2016 Jun 15, 2016 Jun 24, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,238,493   +      139   -  129,581    3,236,220 
  Marketable U.S. Treasury securities (1)                    2,925,000   +    2,191   -   96,643    2,923,142 
  Federal agency debt and mortgage-backed securities (2)       263,195   -    1,919   -   38,540      262,741 
  Other securities (3)                                          50,298   -      132   +    5,602       50,337 
Securities lent to dealers                                      21,153   +       72   +    9,700       22,898 
  Overnight facility (4)                                        21,153   +       72   +    9,700       22,898 
    U.S. Treasury securities                                    21,143   +       69   +    9,832       22,885 
    Federal agency debt securities                                  10   +        3   -      132           13 

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 22, 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                                          135            10             0             0             0           ...           144 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,567        24,155       140,391     1,198,015       449,682       636,358     2,462,168 
  Weekly changes                                 0    +        4    +        4    +       21    +       24    +       82    +      136 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,604        12,395         5,750             0         2,347        25,096 
  Weekly changes                                 0    +    2,000    -    2,000             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           956         9,812     1,747,740     1,758,508 
  Weekly changes                                 0             0             0    +       32    +      699    +    6,453    +    7,184 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          335,070             0           ...           ...           ...           ...       335,070 
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 22, 2016  

Mortgage-backed securities held outright (1)                                                                             1,758,508  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,113  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   14  



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 22, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
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, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 22, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 15, 2016 Jun 24, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,863   +       19   -        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,411,592   +    7,270   -   13,182  
    Securities held outright (1)                                          4,245,772   +    7,319   +    2,573  
      U.S. Treasury securities                                            2,462,168   +      136   +    1,257  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,286            0   -    7,356  
        Notes and bonds, inflation-indexed (2)                              105,939            0   +    7,405  
        Inflation compensation (3)                                           16,942   +      135   +    1,207  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,758,508   +    7,184   +   12,115  
    Unamortized premiums on securities held outright  
    (5)                                                                     181,634   -      105   -   17,284  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,958   +       33   +    1,592  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       144   +       23   -       63  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       17  
  Items in process of collection                                   (0)          171   +        7   +       99  
  Bank premises                                                               2,218   +        1   -       25  
  Central bank liquidity swaps (8)                                                0   -        6   -      115  
  Foreign currency denominated assets (9)                                    21,269   +      162   +    1,546  
  Other assets (10)                                                          26,946   +    1,738   -    1,382  
                                                                                                               
Total assets                                                       (0)    4,482,009   +    9,192   -   13,046  

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 22, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 15, 2016 Jun 24, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,411,173   -      111   +   90,698 
  Reverse repurchase agreements (11)                                         335,070   +   63,701   +   45,654 
  Deposits                                                          (0)    2,688,193   -   54,862   -  131,173 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,318,595   -   86,306   -  174,934 
    U.S. Treasury, General Account                                           331,412   +   25,889   +   90,650 
    Foreign official                                                           5,196   -        1   -       47 
    Other (12)                                                      (0)       32,991   +    5,557   -   46,842 
  Deferred availability cash items                                  (0)          293   -      109   -      132 
  Other liabilities and accrued dividends (13)                                 7,166   +      569   +       58 
                                                                                                               
Total liabilities                                                   (0)    4,441,895   +    9,189   +    5,104 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,114   +        3   +      982 
  Surplus                                                                     10,000            0   -   19,132 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,114   +        3   -   18,150 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 22, 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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,863          48          61          139         135         298         187         276          28          53         139         186         312
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,411,592     108,368   2,510,410      119,780     132,115     269,600     246,912     175,801      55,719      32,565      61,410     157,026     541,884
    Securities held outright (1)               4,245,772     104,298   2,416,129      115,282     127,154     259,475     237,632     169,172      53,585      31,302      59,090     151,127     521,525
      U.S. Treasury securities                 2,462,168      60,484   1,401,139       66,853      73,738     150,472     137,806      98,105      31,075      18,152      34,267      87,640     302,438
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,168      60,484   1,401,139       66,853      73,738     150,472     137,806      98,105      31,075      18,152      34,267      87,640     302,438
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,758,508      43,198   1,000,709       47,747      52,664     107,469      98,422      70,068      22,194      12,965      24,474      62,594     216,004
    Unamortized premiums on securities held 
      outright (5)                               181,634       4,462     103,362        4,932       5,440      11,100      10,166       7,237       2,292       1,339       2,528       6,465      22,311
    Unamortized discounts on securities     
      held outright (5)                          -15,958        -392      -9,081         -433        -478        -975        -893        -636        -201        -118        -222        -568      -1,960
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            144           0           0            0           0           0           7          27          43          42          14           2           9
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     171           0           0            0           0           0         171           0           0           1           0           0           0
  Bank premises                                    2,218         121         429           74         106         208         209         202         116          90         241         225         197
  Central bank liquidity swaps (8)                     0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,269         940       7,019        1,170       1,620       4,743       1,181         570         218          91         212         270       3,235
  Other assets (10)                               26,946         694      14,781          732         806       1,805       1,510       1,079         547         221         419       1,040       3,311
  Interdistrict settlement account                     0  -   19,835  +   33,877   -    2,194  -   10,901  -   15,785  +    3,377  +    1,185  -      299  -    1,167  -    2,632  +    6,963  +    7,412
                                                                                                                                                                                                         
Total assets                                   4,482,009      90,888   2,573,695      120,271     124,704     262,041     255,742     180,290      56,838      32,137      60,239     166,867     558,298

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 22, 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            1,587,942      49,787     509,403      49,526      81,529     110,247     222,171     106,611      50,592      27,372      40,439     132,753     207,512
    Less: Notes held by F.R. Banks               176,769       5,578      55,133       5,924       9,368      12,672      25,808      10,834       5,160       2,734       5,110      14,734      23,715
      Federal Reserve notes, net               1,411,173      44,209     454,269      43,602      72,161      97,575     196,363      95,777      45,432      24,638      35,329     118,019     183,797
  Reverse repurchase agreements (11)             335,070       8,231     190,677       9,098      10,035      20,477      18,754      13,351       4,229       2,470       4,663      11,927      41,158
  Deposits                                     2,688,193      36,481   1,912,054      65,149      39,196     134,502      37,880      69,333       6,596       4,489      19,699      36,132     326,683
    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                           2,318,595      36,471   1,549,841      65,147      39,193     134,304      37,871      62,194       6,586       4,489      19,698      36,131     326,672
    U.S. Treasury, General Account               331,412           0     331,412           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,196           2       5,169           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    32,991           9      25,632           0           0         189           7       7,137          10           0           1           1           5
  Deferred availability cash items                   293           0           0           0           0           0          73           0           0         220           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,063          58       1,125          59          67         138         127          80          30          15          33          76         255
  Other liabilities and accrued             
     dividends                                     5,102         162       2,418         201         206         537         326         261         132         134         122         204         398
                                                                                                                                                                                                        
Total liabilities                              4,441,895      89,141   2,560,543     118,109     121,666     253,230     253,523     178,802      56,420      31,966      59,847     166,358     552,291
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,114       1,305       9,853       1,612       2,276       6,581       1,664       1,220         315         128         292         382       4,486
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,482,009      90,888   2,573,695     120,271     124,704     262,041     255,742     180,290      56,838      32,137      60,239     166,867     558,298

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 22, 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. 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 22, 2016  

Federal Reserve notes outstanding                                                            1,587,942  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,769  
    Federal Reserve notes to be collateralized                                               1,411,173  
Collateral held against Federal Reserve notes                                                1,411,173  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,394,936  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,245,772  
  Less: Face value of securities under reverse repurchase agreements                           308,453  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,937,319  

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.