FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 December 1, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 30, 2016 
Federal Reserve Banks                                     Nov 30, 2016 Nov 23, 2016  Dec 2, 2015              

Reserve Bank credit                                         4,410,932   -   11,219   -   29,166    4,407,066  
  Securities held outright (1)                              4,225,621   -   11,247   -   13,722    4,223,028  
    U.S. Treasury securities                                2,463,833   +       66   +    2,223    2,463,861  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,507   -      167   -    6,132    2,339,503  
      Notes and bonds, inflation-indexed (2)                  105,693   +      167   +    7,159      106,697  
      Inflation compensation (3)                               17,632   +       65   +    1,195       17,661  
    Federal agency debt securities (2)                         18,493            0   -   14,451       18,493  
    Mortgage-backed securities (4)                          1,743,295   -   11,312   -    1,494    1,740,674  
  Unamortized premiums on securities held outright (5)        174,987   -      591   -   15,998      174,779  
  Unamortized discounts on securities held outright (5)       -15,205   +       31   +    1,512      -15,229  
  Repurchase agreements (6)                                         0            0   -       84            0  
  Loans                                                            38   +        9   -       49           40  
    Primary credit                                                  8   +        4   +        4           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                30   +        5   -       54           29  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,701   -        6   -       14        1,707  
  Float                                                          -607   -      229   -      843       -1,379  
  Central bank liquidity swaps (8)                              1,177   +      976   +    1,041        1,340  
  Other Federal Reserve assets (9)                             23,221   -      160   -    1,006       22,780  
Foreign currency denominated assets (10)                       19,831   -      182   +      639       19,738  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,337   +       14   +      793       48,337  
                                                                                                              
Total factors supplying reserve funds                       4,495,341   -   11,387   -   27,734    4,491,381  

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  Nov 30, 2016 
Federal Reserve Banks                                     Nov 30, 2016 Nov 23, 2016  Dec 2, 2015              

Currency in circulation (11)                                 1,494,652   +    3,550   +   83,273    1,494,981 
Reverse repurchase agreements (12)                             389,349   +   24,118   +  100,168      462,691 
  Foreign official and international accounts                  249,822   +    2,255   +   54,680      254,167 
  Others                                                       139,528   +   21,864   +   45,490      208,524 
Treasury cash holdings                                             166   -       13   -       73          162 
Deposits with F.R. Banks, other than reserve balances          468,188   -    4,410   +  231,054      472,657 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               409,360   +    9,695   +  196,604      422,034 
  Foreign official                                               5,175   -        6   -      238        5,169 
  Other (13)                                                    53,653   -   14,099   +   34,687       45,454 
Other liabilities and capital (14)                              46,302   -      413   -   19,939       45,579 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,398,657   +   22,831   +  394,483    2,476,069 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,096,684   -   34,217   -  422,217    2,015,312 

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  Nov 30, 2016 
                                                          Nov 30, 2016 Nov 23, 2016  Dec 2, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,126,798   +    6,369   -  197,477    3,129,747 
  Marketable U.S. Treasury securities (1)                    2,802,652   +    4,458   -  203,381    2,804,920 
  Federal agency debt and mortgage-backed securities (2)       264,425   +    2,362   -    7,688      264,971 
  Other securities (3)                                          59,721   -      451   +   13,592       59,856 
Securities lent to dealers                                      22,214   +      510   +    8,078       23,316 
  Overnight facility (4)                                        22,214   +      510   +    8,078       23,316 
    U.S. Treasury securities                                    22,199   +      520   +    8,153       23,288 
    Federal agency debt securities                                  15   -       10   -       75           28 

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, November 30, 2016   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           32             8             0             0             0           ...            40 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        42,493       146,820     1,241,826       399,648       633,074     2,463,861 
  Weekly changes                        -   10,537    +   13,177    -    5,306    -    1,473    +    4,163    +       36    +       60 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,044         4,120         8,938         2,044             0         2,347        18,493 
  Weekly changes                        +    1,044    -    1,044             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            71        10,683     1,729,920     1,740,674 
  Weekly changes                                 0             0             0    -    1,508    +    1,131    -   17,986    -   18,362 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,340             0             0             0             0             0         1,340 
                                                                                                                                       
Reverse repurchase agreements (4)          462,691             0           ...           ...           ...           ...       462,691 
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   
                                                                                                                      Nov 30, 2016  

Mortgage-backed securities held outright (1)                                                                             1,740,674  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           36,677  
Commitments to sell mortgage-backed securities (2)                                                                              58  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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   
                                                                                                                      Nov 30, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2016. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 30, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 23, 2016  Dec 2, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,829   -        1   -       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,382,618   -   19,170   -   31,522  
    Securities held outright (1)                                          4,223,028   -   18,302   -   16,306  
      U.S. Treasury securities                                            2,463,861   +       60   +    2,260  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,503   -    1,171   -    7,136  
        Notes and bonds, inflation-indexed (2)                              106,697   +    1,171   +    8,163  
        Inflation compensation (3)                                           17,661   +       60   +    1,233  
      Federal agency debt securities (2)                                     18,493            0   -   14,451  
      Mortgage-backed securities (4)                                      1,740,674   -   18,362   -    4,115  
    Unamortized premiums on securities held outright  
    (5)                                                                     174,779   -      851   -   16,070  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,229   -       11   +    1,477  
    Repurchase agreements (6)                                                     0            0   -      590  
    Loans                                                                        40   -        7   -       32  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707   +        7   -        9  
  Items in process of collection                                   (0)           57   -        6   -      316  
  Bank premises                                                               2,210   +        6   -       17  
  Central bank liquidity swaps (8)                                            1,340   +    1,139   +    1,205  
  Foreign currency denominated assets (9)                                    19,738   -       96   +      541  
  Other assets (10)                                                          20,571   -    1,353   -    1,619  
                                                                                                               
Total assets                                                       (0)    4,446,307   -   19,475   -   31,762  

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       Nov 30, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 23, 2016  Dec 2, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,448,631   +      275   +   82,029 
  Reverse repurchase agreements (11)                                         462,691   +   88,332   +  192,342 
  Deposits                                                          (0)    2,487,970   -  108,282   -  287,420 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,015,313   -   87,871   -  516,877 
    U.S. Treasury, General Account                                           422,034   +   35,351   +  204,767 
    Foreign official                                                           5,169   +        3   -       52 
    Other (12)                                                      (0)       45,454   -   55,765   +   24,742 
  Deferred availability cash items                                  (0)        1,437   +      915   +    1,138 
  Other liabilities and accrued dividends (13)                                 5,200   -      724   -    1,545 
                                                                                                               
Total liabilities                                                   (0)    4,405,928   -   19,485   -   13,456 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,379   +        9   +    1,036 
  Surplus                                                                     10,000            0   -   19,343 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,379   +        9   -   18,306 

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, November 30, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,829          46          66          161         129         301         172         276          27          50         113         184         304
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,382,618     107,659   2,493,982      118,997     131,252     267,836     245,297     174,630      55,314      32,322      61,000     156,001     538,329
    Securities held outright (1)               4,223,028     103,740   2,403,186      114,664     126,473     258,085     236,359     168,266      53,298      31,135      58,774     150,318     518,731
      U.S. Treasury securities                 2,463,861      60,525   1,402,102       66,899      73,789     150,576     137,900      98,172      31,096      18,165      34,291      87,701     302,646
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,861      60,525   1,402,102       66,899      73,789     150,576     137,900      98,172      31,096      18,165      34,291      87,701     302,646
      Federal agency debt securities (2)          18,493         454      10,524          502         554       1,130       1,035         737         233         136         257         658       2,272
      Mortgage-backed securities (4)           1,740,674      42,760     990,560       47,263      52,130     106,379      97,424      69,357      21,969      12,833      24,226      61,959     213,814
    Unamortized premiums on securities held 
      outright (5)                               174,779       4,293      99,461        4,746       5,234      10,681       9,782       6,964       2,206       1,289       2,432       6,221      21,469
    Unamortized discounts on securities     
      held outright (5)                          -15,229        -374      -8,667         -414        -456        -931        -852        -607        -192        -112        -212        -542      -1,871
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             40           0           1            0           1           0           8           6           2          11           6           5           0
  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                      57           0           0            0           0           0          57           0           0           0           0           0           0
  Bank premises                                    2,210         117         441           72         106         204         206         201         114          90         239         224         196
  Central bank liquidity swaps (8)                 1,340          59         442           74         102         299          74          36          14           6          13          17         204
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,738         872       6,523        1,085       1,502       4,399       1,095         529         202          84         197         250       3,000
  Other assets (10)                               20,571         536      11,218          560         617       1,409       1,167         825         468         174         332         736       2,530
  Interdistrict settlement account                     0  -   21,628  -    9,954   -   10,298  -    8,757  -   14,045  +   16,367  +    8,080  +    3,907  +    4,144  +      882  +   18,872  +   12,429
                                                                                                                                                                                                         
Total assets                                   4,446,307      88,212   2,509,830      111,220     125,775     261,574     266,631     185,753      60,555      37,154      63,225     177,441     558,937

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, November 30, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,630,918      50,594     533,950      51,972      80,594     113,349     223,338     109,393      49,760      28,398      43,966     135,531     210,073
    Less: Notes held by F.R. Banks               182,286       5,951      50,909       6,605       9,211      13,804      26,740      11,665       5,510       3,107       5,819      16,318      26,647
      Federal Reserve notes, net               1,448,631      44,644     483,042      45,366      71,382      99,545     196,598      97,728      44,250      25,290      38,147     119,213     183,425
  Reverse repurchase agreements (11)             462,691      11,366     263,302      12,563      13,857      28,277      25,896      18,436       5,840       3,411       6,439      16,469      56,834
  Deposits                                     2,487,970      30,284   1,748,114      50,897      37,072     124,413      41,373      67,806       9,878       6,777      18,110      41,009     312,238
    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                           2,015,313      30,278   1,288,998      50,895      37,069     124,174      41,363      54,562       9,859       6,777      18,108      41,006     312,224
    U.S. Treasury, General Account               422,034           0     422,034           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)                                    45,454           5      31,940           0           0         229           7      13,243          18           0           1           2           8
  Deferred availability cash items                 1,437           0           0           0           0           0          73           0           0       1,364           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,156          33         673          28          35          61          73          46          14           7          12          39         133
  Other liabilities and accrued             
     dividends                                     4,045         135       1,659         178         188         474         287         235         138         133         120         195         302
                                                                                                                                                                                                        
Total liabilities                              4,405,928      86,462   2,496,790     109,033     122,533     252,769     264,300     184,251      60,120      36,983      62,829     176,926     552,933
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,379       1,308       9,742       1,637       2,480       6,574       1,775       1,234         333         128         296         389       4,483
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,446,307      88,212   2,509,830     111,220     125,775     261,574     266,631     185,753      60,555      37,154      63,225     177,441     558,937

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, November 30, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Nov 30, 2016  

Federal Reserve notes outstanding                                                            1,630,918  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,286  
    Federal Reserve notes to be collateralized                                               1,448,631  
Collateral held against Federal Reserve notes                                                1,448,631  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,432,394  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,223,028  
  Less: Face value of securities under reverse repurchase agreements                           443,483  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,779,546  

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.