FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 25, 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  Aug 24, 2016 
Federal Reserve Banks                                     Aug 24, 2016 Aug 17, 2016 Aug 26, 2015              

Reserve Bank credit                                         4,437,549   -      698   -    9,187    4,433,463  
  Securities held outright (1)                              4,249,044   +    7,002   +    6,347    4,245,050  
    U.S. Treasury securities                                2,463,504   +      434   +    1,662    2,463,538  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,604   +      342   -    4,037    2,342,604  
      Notes and bonds, inflation-indexed (2)                  103,596            0   +    5,062      103,596  
      Inflation compensation (3)                               17,304   +       91   +      636       17,338  
    Federal agency debt securities (2)                         22,492            0   -   12,601       22,492  
    Mortgage-backed securities (4)                          1,763,047   +    6,568   +   17,286    1,759,020  
  Unamortized premiums on securities held outright (5)        179,413   +       91   -   16,312      179,107  
  Unamortized discounts on securities held outright (5)       -15,656   +       27   +    1,627      -15,643  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           212   +        4   -       40          228  
    Primary credit                                                  6   +        3   -        5           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               206   +        1   -       35          213  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   +        6        1,707  
  Float                                                          -271   +      127   -      327         -400  
  Central bank liquidity swaps (8)                                 22   -       83   -      112           22  
  Other Federal Reserve assets (9)                             23,079   -    7,865   -      375       23,393  
Foreign currency denominated assets (10)                       21,681   +      177   +    1,535       21,595  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,039   +       14   +      841       48,039  
                                                                                                              
Total factors supplying reserve funds                       4,523,510   -      507   -    6,811    4,519,338  

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  Aug 24, 2016 
Federal Reserve Banks                                     Aug 24, 2016 Aug 17, 2016 Aug 26, 2015              

Currency in circulation (11)                                 1,463,762   -      439   +   87,813    1,465,068 
Reverse repurchase agreements (12)                             348,963   +   45,619   +   99,659      335,860 
  Foreign official and international accounts                  244,303   -      946   +   78,716      240,510 
  Others                                                       104,660   +   46,565   +   20,943       95,350 
Treasury cash holdings                                             119   +        6   -       41          109 
Deposits with F.R. Banks, other than reserve balances          304,693   -   74,645   +  148,367      330,735 
  Term deposits held by depository institutions                      0   -   58,594            0            0 
  U.S. Treasury, General Account                               254,376   -    6,434   +  125,795      244,881 
  Foreign official                                               5,175   -       13   -       75        5,164 
  Other (13)                                                    45,141   -    9,604   +   22,645       80,691 
Other liabilities and capital (14)                              47,835   -      643   -   18,491       46,348 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,165,372   -   30,101   +  317,307    2,178,120 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,358,138   +   29,594   -  324,118    2,341,218 

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  Aug 24, 2016 
                                                          Aug 24, 2016 Aug 17, 2016 Aug 26, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,206,695   +    3,322   -  135,072    3,198,471 
  Marketable U.S. Treasury securities (1)                    2,882,303   +    4,926   -  129,622    2,874,628 
  Federal agency debt and mortgage-backed securities (2)       264,875   -    1,930   -   20,784      264,129 
  Other securities (3)                                          59,518   +      327   +   15,335       59,714 
Securities lent to dealers                                      23,106   +    1,589   +   11,889       23,582 
  Overnight facility (4)                                        23,106   +    1,589   +   11,889       23,582 
    U.S. Treasury securities                                    23,095   +    1,588   +   11,928       23,570 
    Federal agency debt securities                                  11   +        1   -       39           12 

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, August 24, 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                                          192            36             0             0             0           ...           228 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   6,976        26,929       158,082     1,207,343       429,168       635,040     2,463,538 
  Weekly changes                                 0             0    +        4    +       14    +       16    +       57    +       91 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         3,999        11,736         4,410             0         2,347        22,492 
  Weekly changes                                 0             0    +    1,340    -    1,340             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,222        10,995     1,746,803     1,759,020 
  Weekly changes                                 0             0             0    +        5    +       23    +    5,638    +    5,666 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                22             0             0             0             0             0            22 
                                                                                                                                       
Reverse repurchase agreements (4)          335,860             0           ...           ...           ...           ...       335,860 
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   
                                                                                                                      Aug 24, 2016  

Mortgage-backed securities held outright (1)                                                                             1,759,020  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           29,097  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   29  



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   
                                                                                                                      Aug 24, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
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 June 30, 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       Aug 24, 2016   Wednesday    Wednesday  
                                                        consolidation                Aug 17, 2016 Aug 26, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,935   +        5   +       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,408,741   +    5,784   -    3,139  
    Securities held outright (1)                                          4,245,050   +    5,757   +   11,469  
      U.S. Treasury securities                                            2,463,538   +       91   +    1,662  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,604            0   -    4,037  
        Notes and bonds, inflation-indexed (2)                              103,596            0   +    5,062  
        Inflation compensation (3)                                           17,338   +       91   +      637  
      Federal agency debt securities (2)                                     22,492            0   -   12,601  
      Mortgage-backed securities (4)                                      1,759,020   +    5,666   +   22,408  
    Unamortized premiums on securities held outright  
    (5)                                                                     179,107   -       23   -   16,206  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,643   +       34   +    1,624  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       228   +       16   -       25  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   +        8  
  Items in process of collection                                   (0)          206   -       15   -       84  
  Bank premises                                                               2,213   +        2   -       24  
  Central bank liquidity swaps (8)                                               22   -       83   -      112  
  Foreign currency denominated assets (9)                                    21,595   -       32   +    1,309  
  Other assets (10)                                                          21,184   +    1,703   +      752  
                                                                                                               
Total assets                                                       (0)    4,473,840   +    7,364   -    1,265  

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       Aug 24, 2016   Wednesday    Wednesday  
                                                        consolidation                Aug 17, 2016 Aug 26, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,419,069   +      470   +   85,862 
  Reverse repurchase agreements (11)                                         335,860   +   12,167   +  103,984 
  Deposits                                                          (0)    2,671,957   -    4,684   -  172,448 
    Term deposits held by depository institutions                                  0   -   58,594            0 
    Other deposits held by depository institutions                         2,341,222   +    5,349   -  363,941 
    U.S. Treasury, General Account                                           244,881   +    3,455   +  125,734 
    Foreign official                                                           5,164   -      101   -       80 
    Other (12)                                                      (0)       80,691   +   45,208   +   65,839 
  Deferred availability cash items                                  (0)          606   +       84   +      209 
  Other liabilities and accrued dividends (13)                                 6,203   -      679   -      722 
                                                                                                               
Total liabilities                                                   (0)    4,433,696   +    7,359   +   16,885 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,144   +        5   +      997 
  Surplus                                                                     10,000            0   -   19,147 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,144   +        5   -   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, August 24, 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                                             1,935          44          77          155         139         301         190         281          31          56         136         197         328
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,408,741     108,296   2,508,740      119,701     132,028     269,422     246,746     175,685      55,702      32,597      61,378     156,928     541,521
    Securities held outright (1)               4,245,050     104,281   2,415,718      115,262     127,132     259,431     237,592     169,144      53,576      31,297      59,080     151,101     521,436
      U.S. Treasury securities                 2,463,538      60,517   1,401,918       66,890      73,779     150,556     137,882      98,159      31,092      18,163      34,286      87,689     302,606
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,538      60,517   1,401,918       66,890      73,779     150,556     137,882      98,159      31,092      18,163      34,286      87,689     302,606
      Federal agency debt securities (2)          22,492         553      12,799          611         674       1,375       1,259         896         284         166         313         801       2,763
      Mortgage-backed securities (4)           1,759,020      43,211   1,001,000       47,761      52,680     107,500      98,451      70,088      22,200      12,968      24,481      62,612     216,067
    Unamortized premiums on securities held 
      outright (5)                               179,107       4,400     101,924        4,863       5,364      10,946      10,024       7,136       2,260       1,320       2,493       6,375      22,000
    Unamortized discounts on securities     
      held outright (5)                          -15,643        -384      -8,902         -425        -468        -956        -876        -623        -197        -115        -218        -557      -1,922
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            228           0           0            0           0           1           5          28          63          95          23           8           6
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     206           0           0            0           0           0         206           0           0           0           0           0           0
  Bank premises                                    2,213         119         430           73         105         206         208         202         115          90         240         225         197
  Central bank liquidity swaps (8)                    22           1           7            1           2           5           1           1           0           0           0           0           3
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,595         954       7,127        1,188       1,645       4,816       1,199         579         222          92         216         274       3,285
  Other assets (10)                               21,184         562      11,529          580         639       1,472       1,195         855         363         183         353         849       2,605
  Interdistrict settlement account                     0  -   26,087  +   35,160   -   17,059  -    5,175  -   20,525  +    2,697  -    1,173  -      213  +      118  -    1,212  +    9,479  +   23,990
                                                                                                                                                                                                         
Total assets                                   4,473,840      84,440   2,570,183      105,208     130,206     256,869     254,638     177,604      56,730      33,420      61,559     169,109     573,874

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, August 24, 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            1,611,232      50,182     526,890      50,109      81,574     113,744     221,829     105,290      50,054      27,724      41,203     133,593     209,039
    Less: Notes held by F.R. Banks               192,162       6,189      58,369       6,386       9,631      14,300      29,389      12,187       5,521       3,062       5,361      15,662      26,104
      Federal Reserve notes, net               1,419,069      43,993     468,521      43,723      71,943      99,444     192,440      93,102      44,533      24,662      35,842     117,931     182,935
  Reverse repurchase agreements (11)             335,860       8,250     191,127       9,119      10,058      20,526      18,798      13,382       4,239       2,476       4,674      11,955      41,255
  Deposits                                     2,671,957      30,254   1,894,453      49,962      44,914     127,501      40,518      69,311       7,370       5,591      20,503      38,445     343,134
    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                           2,341,222      30,251   1,571,389      49,960      44,911     127,228      40,509      61,951       7,361       5,591      20,502      38,443     343,125
    U.S. Treasury, General Account               244,881           0     244,881           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    80,691           2      73,047           0           0         264           7       7,359           8           0           1           1           3
  Deferred availability cash items                   606           0           0           0           0           0         235           0           0         371           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,736          42         991          47          51          95         106          65          24          13          26          68         207
  Other liabilities and accrued             
     dividends                                     4,468         152       1,936         185         190         492         322         250         133         136         120         203         348
                                                                                                                                                                                                        
Total liabilities                              4,433,696      82,692   2,557,027     103,037     127,157     248,058     252,419     176,111      56,298      33,249      61,166     168,601     567,879
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,144       1,306       9,857       1,620       2,287       6,580       1,663       1,225         329         128         293         381       4,474
  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                  4,473,840      84,440   2,570,183     105,208     130,206     256,869     254,638     177,604      56,730      33,420      61,559     169,109     573,874

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, August 24, 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   
                                                                                          Aug 24, 2016  

Federal Reserve notes outstanding                                                            1,611,232  
  Less: Notes held by F.R. Banks not subject to collateralization                              192,162  
    Federal Reserve notes to be collateralized                                               1,419,069  
Collateral held against Federal Reserve notes                                                1,419,069  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,402,832  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,245,050  
  Less: Face value of securities under reverse repurchase agreements                           310,244  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,934,805  

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.