FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 16, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 15, 2017 
Federal Reserve Banks                                     Mar 15, 2017  Mar 8, 2017 Mar 16, 2016              

Reserve Bank credit                                         4,428,478   +    7,833   -   17,762    4,431,219  
  Securities held outright (1)                              4,245,285   +    5,176   -    2,064    4,248,325  
    U.S. Treasury securities                                2,463,752   +      162   +    2,529    2,463,812  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,411            0   -    4,107    2,340,411  
      Notes and bonds, inflation-indexed (2)                  105,901            0   +    5,021      105,901  
      Inflation compensation (3)                               17,440   +      162   +    1,615       17,499  
    Federal agency debt securities (2)                         13,329            0   -   17,400       13,329  
    Mortgage-backed securities (4)                          1,768,204   +    5,015   +   12,808    1,771,184  
  Unamortized premiums on securities held outright (5)        170,138   -      119   -   16,207      170,126  
  Unamortized discounts on securities held outright (5)       -15,011   +       24   +    1,373      -15,004  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             7   -        1   -        8           15  
    Primary credit                                                  3   -        3   -        1           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 3   +        1   -        8            5  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       17        1,707  
  Float                                                          -416   -       84   -       39         -376  
  Central bank liquidity swaps (8)                                917   +      426   +      841          917  
  Other Federal Reserve assets (9)                             25,854   +    2,411   -    1,640       25,509  
Foreign currency denominated assets (10)                       19,764   +       59   -      648       19,756  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,698   +       14   +    1,014       48,698  
                                                                                                              
Total factors supplying reserve funds                       4,513,181   +    7,906   -   17,397    4,515,913  

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  Mar 15, 2017 
Federal Reserve Banks                                     Mar 15, 2017  Mar 8, 2017 Mar 16, 2016              

Currency in circulation (11)                                 1,529,090   +    4,079   +   91,378    1,531,006 
Reverse repurchase agreements (12)                             470,115   +   29,423   +  189,776      477,012 
  Foreign official and international accounts                  244,795   +      397   +    4,716      250,502 
  Others                                                       225,320   +   29,026   +  185,059      226,510 
Treasury cash holdings                                             253   -        6   +       15          262 
Deposits with F.R. Banks, other than reserve balances          105,074   -   42,564   -  159,988       92,227 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                38,579   -   49,641   -  197,055       23,416 
  Foreign official                                               5,167   +        2   -        5        5,169 
  Other (13)                                                    61,328   +    7,075   +   37,071       63,642 
Other liabilities and capital (14)                              48,433   +      665   +      719       47,286 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,152,965   -    8,404   +  121,899    2,147,793 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,360,216   +   16,310   -  139,296    2,368,120 

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  Mar 15, 2017 
                                                          Mar 15, 2017  Mar 8, 2017 Mar 16, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,197,814   +   15,084   -   54,052    3,203,834 
  Marketable U.S. Treasury securities (1)                    2,869,412   +   16,383   -   67,144    2,878,940 
  Federal agency debt and mortgage-backed securities (2)       265,309   -    1,196   -      969      263,460 
  Other securities (3)                                          63,093   -      102   +   14,061       61,434 
Securities lent to dealers                                      22,292   -      832   +    2,463       23,823 
  Overnight facility (4)                                        22,292   -      832   +    2,463       23,823 
    U.S. Treasury securities                                    22,206   -      858   +    2,435       23,741 
    Federal agency debt securities                                  86   +       26   +       28           82 

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, March 15, 2017      

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           10             5             0             0             0           ...            15 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        60,469       183,357     1,216,841       376,170       626,975     2,463,812 
  Weekly changes                                 0    +        1    +        6    +       26    +       33    +       97    +      162 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         5,232         3,706         2,044             0         2,347        13,329 
  Weekly changes                                 0    +      737    -      737             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           172        11,415     1,759,597     1,771,184 
  Weekly changes                                 0             0             0    -        2    -       31    +    8,026    +    7,993 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               917             0             0             0             0             0           917 
                                                                                                                                       
Reverse repurchase agreements (4)          477,012             0           ...           ...           ...           ...       477,012 
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   
                                                                                                                      Mar 15, 2017  

Mortgage-backed securities held outright (1)                                                                             1,771,184  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,459  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   52  



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   
                                                                                                                      Mar 15, 2017  

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 December 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       Mar 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Mar 8, 2017 Mar 16, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,929   -        5   +       12  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,403,462   +    8,131   -   15,157  
    Securities held outright (1)                                          4,248,325   +    8,156   -      254  
      U.S. Treasury securities                                            2,463,812   +      162   +    2,573  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,411            0   -    4,107  
        Notes and bonds, inflation-indexed (2)                              105,901            0   +    5,021  
        Inflation compensation (3)                                           17,499   +      162   +    1,658  
      Federal agency debt securities (2)                                     13,329            0   -   15,928  
      Mortgage-backed securities (4)                                      1,771,184   +    7,993   +   13,102  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,126   -       45   -   16,245  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,004   +       21   +    1,363  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        15            0   -       22  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707   +        3   -       15  
  Items in process of collection                                   (0)           62   -        4   -       88  
  Bank premises                                                               2,197            0   -       30  
  Central bank liquidity swaps (8)                                              917   +      426   +      841  
  Foreign currency denominated assets (9)                                    19,756   +       86   -      567  
  Other assets (10)                                                          23,312   +    1,103   -    1,752  
                                                                                                               
Total assets                                                       (0)    4,469,577   +    9,737   -   16,756  

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       Mar 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Mar 8, 2017 Mar 16, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,484,495   +    2,003   +   90,540 
  Reverse repurchase agreements (11)                                         477,012   +   23,761   +  187,124 
  Deposits                                                          (0)    2,460,347   -   16,110   -  295,646 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,368,120   +   16,989   -   87,402 
    U.S. Treasury, General Account                                            23,416   -   42,747   -  255,665 
    Foreign official                                                           5,169   +        4   -        6 
    Other (12)                                                      (0)       63,642   +    9,644   +   47,427 
  Deferred availability cash items                                  (0)          438   -      193   +       93 
  Other liabilities and accrued dividends (13)                                 6,739   +      275   +      133 
                                                                                                               
Total liabilities                                                   (0)    4,429,030   +    9,734   -   17,757 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,548   +        4   +    1,002 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,548   +        4   +    1,002 

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, March 15, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         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                                             1,929          55          71          168         135         306         188         288          25          53         125         197         318
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,403,462     108,172   2,505,857      119,563     131,876     269,111     246,457     175,459      55,575      32,465      61,285     156,740     540,902
    Securities held outright (1)               4,248,325     104,361   2,417,582      115,351     127,230     259,631     237,775     169,274      53,617      31,321      59,126     151,218     521,838
      U.S. Treasury securities                 2,463,812      60,524   1,402,074       66,898      73,787     150,573     137,898      98,170      31,095      18,165      34,290      87,699     302,640
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,812      60,524   1,402,074       66,898      73,787     150,573     137,898      98,170      31,095      18,165      34,290      87,699     302,640
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,771,184      43,510   1,007,923       48,092      53,044     108,244      99,132      70,573      22,354      13,058      24,650      63,045     217,561
    Unamortized premiums on securities held 
      outright (5)                               170,126       4,179      96,813        4,619       5,095      10,397       9,522       6,779       2,147       1,254       2,368       6,056      20,897
    Unamortized discounts on securities     
      held outright (5)                          -15,004        -369      -8,538         -407        -449        -917        -840        -598        -189        -111        -209        -534      -1,843
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             15           0           0            0           0           0           0           5           0           0           0           0          10
  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                      62           0           0            0           0           0          61           0           0           1           0           0           0
  Bank premises                                    2,197         118         437           71         108         202         205         200         113          89         238         222         195
  Central bank liquidity swaps (8)                   917          41         303           50          70         205          51          25           9           4           9          12         140
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,756         873       6,519        1,087       1,505       4,406       1,097         529         203          84         197         250       3,005
  Other assets (10)                               23,312         605      12,663          639         697       1,605       1,310         926         572         190         373         883       2,848
  Interdistrict settlement account                     0  -   11,494  -  187,372   +    6,125  +   12,989  +    8,324  +   28,562  +   40,307  +    8,859  +    4,691  +    8,471  +   33,871  +   46,666
                                                                                                                                                                                                         
Total assets                                   4,469,577      98,921   2,345,590      128,273     148,203     285,330     280,126     218,912      65,866      37,860      71,146     193,331     596,019

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, March 15, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,656,833      55,030     531,061      53,633      81,969     119,015     225,729     113,743      50,111      29,385      46,600     138,529     212,030
    Less: Notes held by F.R. Banks               172,339       5,601      48,233       5,741       9,541      12,362      24,669      11,702       4,681       3,372       5,416      15,374      25,647
      Federal Reserve notes, net               1,484,495      49,429     482,828      47,892      72,428     106,653     201,060     102,040      45,431      26,012      41,184     123,155     186,383
  Reverse repurchase agreements (11)             477,012      11,718     271,452      12,952      14,286      29,152      26,698      19,006       6,020       3,517       6,639      16,979      58,593
  Deposits                                     2,460,347      35,805   1,574,971      65,003      57,936     140,171      49,535      95,829      13,811       7,632      22,780      52,404     344,470
    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                           2,368,120      35,797   1,516,084      65,001      57,933     140,004      49,526      62,703      13,796       7,632      22,778      52,403     344,462
    U.S. Treasury, General Account                23,416           0      23,416           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,169           2       5,142           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    63,642           6      30,328           0           0         158           7      33,124          15           0           1           1           2
  Deferred availability cash items                   438           0           0           0           0           0          53           0           0         384           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,879          47       1,073          51          62         122         108          68          19          17          19          66         229
  Other liabilities and accrued             
     dividends                                     4,860         169       2,255         193         192         473         316         274         135         127         129         205         392
                                                                                                                                                                                                        
Total liabilities                              4,429,030      97,167   2,332,578     126,091     144,903     276,571     277,770     217,217      65,415      37,689      70,751     192,810     590,067
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,548       1,321       9,810       1,645       2,485       6,598       1,773       1,276         341         129         298         393       4,479
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,469,577      98,921   2,345,590     128,273     148,203     285,330     280,126     218,912      65,866      37,860      71,146     193,331     596,019

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, March 15, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury 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   
                                                                                          Mar 15, 2017  

Federal Reserve notes outstanding                                                            1,656,833  
  Less: Notes held by F.R. Banks not subject to collateralization                              172,339  
    Federal Reserve notes to be collateralized                                               1,484,495  
Collateral held against Federal Reserve notes                                                1,484,495  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,468,258  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,248,325  
  Less: Face value of securities under reverse repurchase agreements                           456,762  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,791,563  

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.