FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     June 1, 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  May 31, 2017 
Federal Reserve Banks                                     May 31, 2017 May 24, 2017  Jun 1, 2016              

Reserve Bank credit                                         4,420,982   -   13,652   -      902    4,420,029  
  Securities held outright (1)                              4,244,467   -   12,293   +   14,576    4,244,487  
    U.S. Treasury securities                                2,464,678   +       26   +    2,959    2,464,696  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,351   -      189   -    1,939    2,338,216  
      Notes and bonds, inflation-indexed (2)                  106,992   +      189   +    3,057      108,126  
      Inflation compensation (3)                               18,335   +       26   +    1,841       18,353  
    Federal agency debt securities (2)                          8,834            0   -   16,262        8,834  
    Mortgage-backed securities (4)                          1,770,955   -   12,319   +   27,880    1,770,958  
  Unamortized premiums on securities held outright (5)        167,169   -      710   -   14,988      167,082  
  Unamortized discounts on securities held outright (5)       -14,832   +       28   +    1,221      -14,856  
  Repurchase agreements (6)                                         0   -        9            0            0  
  Loans                                                            55   +        5   -       30           67  
    Primary credit                                                  5            0   +        1           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                50   +        5   -       32           51  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710   +        1   -        3        1,709  
  Float                                                          -521   -      285   +      273       -1,041  
  Central bank liquidity swaps (8)                                 36   -        5   -      765           35  
  Other Federal Reserve assets (9)                             22,899   -      384   -    1,185       22,546  
Foreign currency denominated assets (10)                       20,622   +       24   -       64       20,717  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,865   +       14   +      942       48,865  
                                                                                                              
Total factors supplying reserve funds                       4,506,710   -   13,614   -       23    4,505,852  

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  May 31, 2017 
Federal Reserve Banks                                     May 31, 2017 May 24, 2017  Jun 1, 2016              

Currency in circulation (11)                                 1,554,885   +    6,538   +   97,186    1,556,472 
Reverse repurchase agreements (12)                             429,773   +    4,277   +  128,908      502,159 
  Foreign official and international accounts                  249,223   +    9,580   +    3,268      245,983 
  Others                                                       180,551   -    5,302   +  125,641      256,176 
Treasury cash holdings                                             243   -        4   +      131          231 
Deposits with F.R. Banks, other than reserve balances          252,338   -   22,666   -   54,567      270,326 
  Term deposits held by depository institutions                      0   -   16,347            0            0 
  U.S. Treasury, General Account                               170,984   +    3,819   -   96,964      189,831 
  Foreign official                                               5,302   +       92   +      110        5,178 
  Other (13)                                                    76,053   -   10,228   +   42,287       75,317 
Other liabilities and capital (14)                              47,841   -      977   +      642       47,057 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,285,081   -   12,831   +  172,301    2,376,246 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,221,628   -      784   -  172,325    2,129,606 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 31, 2017 
                                                          May 31, 2017 May 24, 2017  Jun 1, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,237,523   -    6,687   +    7,598    3,248,728 
  Marketable U.S. Treasury securities (1)                    2,913,718   -    5,338   -    1,547    2,924,511 
  Federal agency debt and mortgage-backed securities (2)       262,608   -    1,152   -    2,509      263,059 
  Other securities (3)                                          61,196   -      199   +   11,652       61,157 
Securities lent to dealers                                      22,174   +      168   +      154       20,644 
  Overnight facility (4)                                        22,174   +      168   +      154       20,644 
    U.S. Treasury securities                                    22,163   +      174   +      159       20,633 
    Federal agency debt securities                                  11   -        6   -        5           11 

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, May 31, 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                                           48            20             0             0             0           ...            67 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        44,608       259,257     1,174,320       353,768       632,743     2,464,696 
  Weekly changes                        -   11,910             0    +   28,479    -   21,257    +    4,709    +       13    +       36 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     737         1,340         2,366         2,044             0         2,347         8,834 
  Weekly changes                        +      737    +      603    -    1,340             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           560        11,144     1,759,254     1,770,958 
  Weekly changes                                 0             0             0    -        3    -      256    -    9,166    -    9,425 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          502,159             0           ...           ...           ...           ...       502,159 
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   
                                                                                                                      May 31, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,958  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,985  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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   
                                                                                                                      May 31, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2017. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 31, 2017   Wednesday    Wednesday  
                                                        consolidation                May 24, 2017  Jun 1, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,791   -       29   -       37  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,396,780   -   10,014   +      705  
    Securities held outright (1)                                          4,244,487   -    9,390   +   14,554  
      U.S. Treasury securities                                            2,464,696   +       36   +    2,935  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,216   -    1,324   -    1,070  
        Notes and bonds, inflation-indexed (2)                              108,126   +    1,323   +    2,187  
        Inflation compensation (3)                                           18,353   +       36   +    1,817  
      Federal agency debt securities (2)                                      8,834            0   -   16,262  
      Mortgage-backed securities (4)                                      1,770,958   -    9,425   +   27,882  
    Unamortized premiums on securities held outright  
    (5)                                                                     167,082   -      564   -   15,030  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,856   -        7   +    1,203  
    Repurchase agreements (6)                                                     0   -       62            0  
    Loans                                                                        67   +       10   -       22  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709   -        1   -        4  
  Items in process of collection                                   (0)           99   +       39   -      141  
  Bank premises                                                               2,209   +       10   -        5  
  Central bank liquidity swaps (8)                                               35   -        6   -      766  
  Foreign currency denominated assets (9)                                    20,717   +      176   -       13  
  Other assets (10)                                                          20,337   -    1,113   -    1,219  
                                                                                                               
Total assets                                                       (0)    4,459,914   -   10,938   -    1,479  

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       May 31, 2017   Wednesday    Wednesday  
                                                        consolidation                May 24, 2017  Jun 1, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,509,625   +    4,851   +   96,068 
  Reverse repurchase agreements (11)                                         502,159   +   74,842   +  199,485 
  Deposits                                                          (0)    2,399,933   -   90,866   -  297,897 
    Term deposits held by depository institutions                                  0   -   16,347            0 
    Other deposits held by depository institutions                         2,129,606   -   76,557   -  271,363 
    U.S. Treasury, General Account                                           189,831   +   26,773   -   69,862 
    Foreign official                                                           5,178   +       14   -        1 
    Other (12)                                                      (0)       75,317   -   24,750   +   43,328 
  Deferred availability cash items                                  (0)        1,140   +      729   +      572 
  Other liabilities and accrued dividends (13)                                 6,251   -      495   -      422 
                                                                                                               
Total liabilities                                                   (0)    4,419,108   -   10,940   -    2,195 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,806   +        2   +      716 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,806   +        2   +      716 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, May 31, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,791          47          50          170         125         274         181         278          23          53         113         182         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,396,780      85,664   2,475,753      113,521     127,501     257,606     258,810     184,938      58,644      34,305      62,362     176,014     561,664
    Securities held outright (1)               4,244,487      82,698   2,390,036      109,591     123,086     248,687     249,846     178,518      56,599      33,092      60,197     169,920     542,217
      U.S. Treasury securities                 2,464,696      48,021   1,387,850       63,637      71,474     144,408     145,081     103,662      32,866      19,216      34,955      98,669     314,856
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,696      48,021   1,387,850       63,637      71,474     144,408     145,081     103,662      32,866      19,216      34,955      98,669     314,856
      Federal agency debt securities (2)           8,834         172       4,974          228         256         518         520         372         118          69         125         354       1,129
      Mortgage-backed securities (4)           1,770,958      34,505     997,212       45,725      51,356     103,761     104,245      74,484      23,615      13,807      25,116      70,897     226,233
    Unamortized premiums on securities held 
      outright (5)                               167,082       3,255      94,083        4,314       4,845       9,789       9,835       7,027       2,228       1,303       2,370       6,689      21,344
    Unamortized discounts on securities     
      held outright (5)                          -14,856        -289      -8,365         -384        -431        -870        -874        -625        -198        -116        -211        -595      -1,898
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             67           0           0            0           0           0           3          17          14          26           6           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      99           0           0            0           0           0          98           0           0           0           0           0           0
  Bank premises                                    2,209         120         449           72         114         201         203         201         112          88         236         221         193
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,717         897       6,644        1,113       1,686       4,474       1,208         867         226          87         201         265       3,048
  Other assets (10)                               20,337         436      10,936          522         593       1,372       1,214         856         492         177         347         811       2,581
  Interdistrict settlement account                     0  +    4,304  -   70,661   -    2,005  +      950  +      975  +    5,299  +   46,442  +      942  +    3,390  +    6,650  +    8,106  -    4,393
                                                                                                                                                                                                         
Total assets                                   4,459,914      92,015   2,430,302      113,953     131,762     266,097     269,189     234,743      60,930      38,383      70,355     186,797     565,388

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, May 31, 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            1,679,762      57,007     525,851      55,701      85,533     122,321     223,310     116,183      52,516      31,275      48,567     143,164     218,335
    Less: Notes held by F.R. Banks               170,137       5,505      45,094       7,777       9,844      11,904      25,965      10,653       5,340       2,739       5,420      15,859      24,038
      Federal Reserve notes, net               1,509,625      51,502     480,757      47,924      75,688     110,417     197,345     105,530      47,177      28,536      43,147     127,305     194,297
  Reverse repurchase agreements (11)             502,159       9,784     282,762      12,966      14,562      29,422      29,559      21,120       6,696       3,915       7,122      20,103      64,149
  Deposits                                     2,399,933      28,783   1,650,811      50,624      37,906     116,788      39,397     106,015       6,442       4,591      19,540      38,612     300,423
    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                           2,129,606      28,778   1,437,350      50,622      37,903     116,592      39,388      49,383       6,434       4,591      19,539      38,612     300,416
    U.S. Treasury, General Account               189,831           0     189,831           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,178           2       5,151           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    75,317           3      18,479           0           0         188           7      56,630           8           0           1           0           1
  Deferred availability cash items                 1,140           0           0           0           0           0         110           0           0       1,030           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,455          34         739          40          55         110         112          57          21           9          21          65         191
  Other liabilities and accrued             
     dividends                                     4,796         159       2,212         190         202         504         310         268         139         130         125         198         361
                                                                                                                                                                                                        
Total liabilities                              4,419,108      90,261   2,417,281     111,743     128,412     257,241     266,833     232,989      60,476      38,212      69,954     186,284     559,421
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,806       1,321       9,819       1,672       2,535       6,694       1,773       1,336         345         129         303         385       4,495
  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                  4,459,914      92,015   2,430,302     113,953     131,762     266,097     269,189     234,743      60,930      38,383      70,355     186,797     565,388

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, May 31, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.                                                                                                    
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 31, 2017  

Federal Reserve notes outstanding                                                            1,679,762  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,137  
    Federal Reserve notes to be collateralized                                               1,509,625  
Collateral held against Federal Reserve notes                                                1,509,625  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,493,388  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,244,487  
  Less: Face value of securities under reverse repurchase agreements                           477,984  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,766,503  

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.