FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 30, 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 29, 2016 
Federal Reserve Banks                                     Jun 29, 2016 Jun 22, 2016  Jul 1, 2015              

Reserve Bank credit                                         4,436,086   -    2,147   -    4,790    4,425,738  
  Securities held outright (1)                              4,239,451   -    2,702   +   10,635    4,230,940  
    U.S. Treasury securities                                2,462,253   +      135   +    1,306    2,462,303  
      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)                               17,028   +      136   +    1,258       17,077  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,752,101   -    2,838   +   20,127    1,743,541  
  Unamortized premiums on securities held outright (5)        181,209   -      413   -   17,036      180,818  
  Unamortized discounts on securities held outright (5)       -15,927   +       43   +    1,596      -15,910  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           132   -       15   -       40          156  
    Primary credit                                                  7   -       32   -        2           27  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               125   +       17   -       37          129  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       17        1,712  
  Float                                                          -279   -      140   +      182       -1,270  
  Central bank liquidity swaps (8)                                  2   +        2   -      633            2  
  Other Federal Reserve assets (9)                             29,786   +    1,078   +      489       29,290  
Foreign currency denominated assets (10)                       21,256   -        3   +    1,487       21,247  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,927   +       14   +      927       47,927  
                                                                                                              
Total factors supplying reserve funds                       4,521,510   -    2,136   -    2,377    4,511,153  

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 29, 2016 
Federal Reserve Banks                                     Jun 29, 2016 Jun 22, 2016  Jul 1, 2015              

Currency in circulation (11)                                 1,458,513   +    2,453   +   91,899    1,462,755 
Reverse repurchase agreements (12)                             359,041   +   51,222   -   20,371      403,727 
  Foreign official and international accounts                  252,905   +   10,173   +   95,723      260,521 
  Others                                                       106,136   +   41,049   -  116,094      143,206 
Treasury cash holdings                                              93   +        3   -        7           71 
Deposits with F.R. Banks, other than reserve balances          399,855   +   50,196   +  145,338      398,794 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               337,093   +   20,255   +  109,636      346,632 
  Foreign official                                               5,322   -       12   +       78        5,194 
  Other (13)                                                    57,439   +   29,952   +   35,622       46,968 
Other liabilities and capital (14)                              47,664   -      456   -   18,175       46,688 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,265,166   +  103,418   +  198,685    2,312,035 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,256,344   -  105,553   -  201,062    2,199,118 

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 29, 2016 
                                                          Jun 29, 2016 Jun 22, 2016  Jul 1, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,224,997   -   13,496   -  153,865    3,217,505 
  Marketable U.S. Treasury securities (1)                    2,912,055   -   12,945   -  122,983    2,905,096 
  Federal agency debt and mortgage-backed securities (2)       262,612   -      583   -   35,962      262,170 
  Other securities (3)                                          50,330   +       32   +    5,080       50,240 
Securities lent to dealers                                      23,952   +    2,799   +   11,971       21,778 
  Overnight facility (4)                                        23,952   +    2,799   +   11,971       21,778 
    U.S. Treasury securities                                    23,938   +    2,795   +   12,110       21,763 
    Federal agency debt securities                                  14   +        4   -      139           15 

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 29, 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                                          119            36             0             0             0           ...           156 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,567        24,159       140,394     1,199,997       447,746       636,440     2,462,303 
  Weekly changes                                 0    +        4    +        3    +    1,982    -    1,936    +       82    +      135 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,604        12,395         5,750             0         2,347        25,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           927         9,611     1,733,003     1,743,541 
  Weekly changes                                 0             0             0    -       29    -      201    -   14,737    -   14,967 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          403,727             0           ...           ...           ...           ...       403,727 
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 29, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,541  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           29,909  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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 29, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
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 29, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 22, 2016  Jul 1, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,853   -       10   -       17  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,396,004   -   15,588   -   13,696  
    Securities held outright (1)                                          4,230,940   -   14,832   +    2,009  
      U.S. Treasury securities                                            2,462,303   +      135   +    1,328  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,286            0   -    7,355  
        Notes and bonds, inflation-indexed (2)                              105,939            0   +    7,405  
        Inflation compensation (3)                                           17,077   +      135   +    1,277  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,541   -   14,967   +   11,481  
    Unamortized premiums on securities held outright  
    (5)                                                                     180,818   -      816   -   17,293  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,910   +       48   +    1,602  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       156   +       12   -       14  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712   -        1   +       16  
  Items in process of collection                                   (0)          137   -       34   +       46  
  Bank premises                                                               2,220   +        2   -       16  
  Central bank liquidity swaps (8)                                                2   +        2   -      633  
  Foreign currency denominated assets (9)                                    21,247   -       22   +    1,472  
  Other assets (10)                                                          27,070   +      124   +      181  
                                                                                                               
Total assets                                                       (0)    4,466,482   -   15,527   -   12,648  

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 29, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 22, 2016  Jul 1, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,416,748   +    5,575   +   91,601 
  Reverse repurchase agreements (11)                                         403,727   +   68,657   +   53,870 
  Deposits                                                          (0)    2,597,913   -   90,280   -  141,314 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,199,119   -  119,476   -  305,413 
    U.S. Treasury, General Account                                           346,632   +   15,220   +  134,497 
    Foreign official                                                           5,194   -        2   -       49 
    Other (12)                                                      (0)       46,968   +   13,977   +   29,651 
  Deferred availability cash items                                  (0)        1,406   +    1,113   +      964 
  Other liabilities and accrued dividends (13)                                 6,575   -      591   +      383 
                                                                                                               
Total liabilities                                                   (0)    4,426,369   -   15,526   +    5,503 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,113   -        1   +      981 
  Surplus                                                                     10,000            0   -   19,132 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,113   -        1   -   18,151 

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 29, 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                                             1,853          46          62          141         136         296         185         274          25          54         134         184         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,396,004     107,985   2,501,533      119,357     131,653     268,652     246,041     175,173      55,526      32,450      61,192     156,472     539,969
    Securities held outright (1)               4,230,940     103,934   2,407,689      114,879     126,710     258,568     236,802     168,581      53,398      31,193      58,884     150,599     519,703
      U.S. Treasury securities                 2,462,303      60,487   1,401,216       66,857      73,742     150,480     137,813      98,110      31,076      18,153      34,269      87,645     302,454
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,303      60,487   1,401,216       66,857      73,742     150,480     137,813      98,110      31,076      18,153      34,269      87,645     302,454
      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)           1,743,541      42,831     992,192       47,341      52,216     106,554      97,585      69,471      22,005      12,854      24,266      62,061     214,166
    Unamortized premiums on securities held 
      outright (5)                               180,818       4,442     102,898        4,910       5,415      11,050      10,120       7,205       2,282       1,333       2,517       6,436      22,211
    Unamortized discounts on securities     
      held outright (5)                          -15,910        -391      -9,054         -432        -476        -972        -890        -634        -201        -117        -221        -566      -1,954
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            156           0           0            0           5           5           9          21          47          41          13           3          10
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     137           0           0            0           0           0         136           0           0           0           0           0           0
  Bank premises                                    2,220         121         435           74         106         207         207         202         115          90         241         225         197
  Central bank liquidity swaps (8)                     2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,247         939       7,011        1,169       1,618       4,738       1,180         569         218          91         212         269       3,232
  Other assets (10)                               27,070         701      14,908          738         811       1,843       1,525       1,085         407         224         423       1,073       3,333
  Interdistrict settlement account                     0  -   20,673  +    9,904   +       93  -    9,405  -   17,895  +    8,799  -    2,386  +      859  +    1,629  -    1,298  +    8,876  +   21,499
                                                                                                                                                                                                         
Total assets                                   4,466,482      89,670   2,540,972      122,141     125,743     259,014     260,268     176,094      57,660      34,821      61,353     168,256     570,490

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 29, 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            1,589,798      49,734     510,349      49,633      81,591     110,724     222,092     106,667      50,549      27,383      40,511     132,895     207,670
    Less: Notes held by F.R. Banks               173,050       5,354      53,948       5,816       9,241      12,255      25,629      10,650       5,139       2,653       4,851      14,393      23,120
      Federal Reserve notes, net               1,416,748      44,380     456,401      43,817      72,350      98,469     196,463      96,017      45,410      24,729      35,660     118,502     184,550
  Reverse repurchase agreements (11)             403,727       9,918     229,748      10,962      12,091      24,673      22,596      16,086       5,095       2,977       5,619      14,371      49,591
  Deposits                                     2,597,913      33,423   1,838,434      64,962      38,010     126,415      38,504      62,185       6,595       5,454      19,537      34,611     329,781
    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                           2,199,119      33,408   1,447,233      64,960      38,007     126,272      38,496      54,789       6,586       5,454      19,535      34,610     329,770
    U.S. Treasury, General Account               346,632           0     346,632           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,194           2       5,167           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    46,968          14      39,403           0           0         134           7       7,395           9           0           1           0           5
  Deferred availability cash items                 1,406           0           0           0           0           0          60           0           0       1,346           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,647          35         951          41          48          90         100          65          15          12          25          64         200
  Other liabilities and accrued             
     dividends                                     4,928         167       2,286         197         205         558         325         252         127         133         119         199         359
                                                                                                                                                                                                        
Total liabilities                              4,426,369      87,923   2,527,820     119,979     122,705     250,204     258,049     174,606      57,242      34,651      60,960     167,747     564,482
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,113       1,305       9,853       1,612       2,276       6,579       1,664       1,221         315         128         292         383       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                  4,466,482      89,670   2,540,972     122,141     125,743     259,014     260,268     176,094      57,660      34,821      61,353     168,256     570,490

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 29, 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 29, 2016  

Federal Reserve notes outstanding                                                            1,589,798  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,050  
    Federal Reserve notes to be collateralized                                               1,416,748  
Collateral held against Federal Reserve notes                                                1,416,748  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,400,511  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,940  
  Less: Face value of securities under reverse repurchase agreements                           372,318  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,858,622  

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.