FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   August 3, 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   Aug 2, 2017 
Federal Reserve Banks                                      Aug 2, 2017 Jul 26, 2017  Aug 3, 2016              

Reserve Bank credit                                         4,426,220   -    9,164   +      118    4,426,636  
  Securities held outright (1)                              4,242,301   -    8,425   +   15,876    4,242,317  
    U.S. Treasury securities                                2,465,185   +       24   +    2,355    2,465,195  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,320   -      567   -    3,884    2,337,565  
      Notes and bonds, inflation-indexed (2)                  108,218   +      567   +    4,622      108,973  
      Inflation compensation (3)                               18,647   +       25   +    1,617       18,657  
    Federal agency debt securities (2)                          8,097            0   -   14,395        8,097  
    Mortgage-backed securities (4)                          1,769,018   -    8,450   +   27,916    1,769,026  
  Unamortized premiums on securities held outright (5)        164,848   -      531   -   14,486      164,745  
  Unamortized discounts on securities held outright (5)       -14,624   +       24   +    1,108      -14,622  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           196   +       23   -        7          200  
    Primary credit                                                  8   +        4   -       10            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               188   +       19   +        3          197  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710            0   +        6        1,710  
  Float                                                          -853   -      606   -      136         -573  
  Central bank liquidity swaps (8)                                 35   -       50   -      895           35  
  Other Federal Reserve assets (9)                             32,609   +      403   -    1,344       32,824  
Foreign currency denominated assets (10)                       21,296   +      199   -       55       21,486  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,042   +       14   +      858       49,042  
                                                                                                              
Total factors supplying reserve funds                       4,512,800   -    8,951   +      922    4,513,405  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Aug 2, 2017 
Federal Reserve Banks                                      Aug 2, 2017 Jul 26, 2017  Aug 3, 2016              

Currency in circulation (11)                                 1,562,778   +    2,230   +   99,749    1,565,431 
Reverse repurchase agreements (12)                             366,328   +   11,329   +   38,931      361,577 
  Foreign official and international accounts                  245,886   +      571   +    3,956      242,243 
  Others                                                       120,443   +   10,759   +   34,976      119,334 
Treasury cash holdings                                             164   +        2   +       86          172 
Deposits with F.R. Banks, other than reserve balances          264,244   -   13,582   -   76,536      246,790 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               180,348   -   11,056   -  118,465      165,407 
  Foreign official                                               5,244   +       69   +       47        5,166 
  Other (13)                                                    78,653   -    2,594   +   41,883       76,218 
Other liabilities and capital (14)                              47,971   +      321   +      138       47,858 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,241,486   +      300   +   62,369    2,221,829 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,271,315   -    9,250   -   61,446    2,291,576 

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   Aug 2, 2017 
                                                           Aug 2, 2017 Jul 26, 2017  Aug 3, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,333,291   +    7,995   +  114,137    3,340,756 
  Marketable U.S. Treasury securities (1)                    3,009,494   +    7,350   +  113,456    3,016,768 
  Federal agency debt and mortgage-backed securities (2)       262,299   +      509   -    2,566      262,388 
  Other securities (3)                                          61,499   +      137   +    3,248       61,600 
Securities lent to dealers                                      23,112   +    3,103   +      180       24,021 
  Overnight facility (4)                                        23,112   +    3,103   +      180       24,021 
    U.S. Treasury securities                                    23,112   +    3,103   +      199       24,021 
    Federal agency debt securities                                   0            0   -       19            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 2, 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                                           22           178             0             0             0           ...           200 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  18,655        22,845       298,286     1,129,960       361,528       633,921     2,465,195 
  Weekly changes                        +    6,861    -    9,954    +   21,602    -   22,673    +    4,175    +       14    +       25 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           792        11,251     1,756,983     1,769,026 
  Weekly changes                                 0             0             0    +       10    -       10    +       27    +       27 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          361,577             0           ...           ...           ...           ...       361,577 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Aug 2, 2017  

Mortgage-backed securities held outright (1)                                                                             1,769,026  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,222  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   10  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Aug 2, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 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        Aug 2, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 26, 2017  Aug 3, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,839   +        6   -       61  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,392,640   -      211   +    2,519  
    Securities held outright (1)                                          4,242,317   +       52   +   15,856  
      U.S. Treasury securities                                            2,465,195   +       25   +    2,330  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,565   -    1,322   -    4,639  
        Notes and bonds, inflation-indexed (2)                              108,973   +    1,322   +    5,377  
        Inflation compensation (3)                                           18,657   +       26   +    1,592  
      Federal agency debt securities (2)                                      8,097            0   -   14,395  
      Mortgage-backed securities (4)                                      1,769,026   +       27   +   27,922  
    Unamortized premiums on securities held outright  
    (5)                                                                     164,745   -      279   -   14,460  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,622   +       14   +    1,108  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       200   +        3   +       14  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710            0   +        5  
  Items in process of collection                                   (0)           74   +       18   -      136  
  Bank premises                                                               2,192   -        6   -       18  
  Central bank liquidity swaps (8)                                               35   -       50   -      895  
  Foreign currency denominated assets (9)                                    21,486   +      455   +       60  
  Other assets (10)                                                          30,633   +    1,350   -    1,421  
                                                                                                               
Total assets                                                       (0)    4,466,846   +    1,562   +       53  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Aug 2, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 26, 2017  Aug 3, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,518,395   +    3,444   +   99,461 
  Reverse repurchase agreements (11)                                         361,577   +   17,781   +   50,323 
  Deposits                                                          (0)    2,538,367   -   21,201   -  150,362 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,291,577   -    2,039   -  111,487 
    U.S. Treasury, General Account                                           165,407   -   18,127   -   80,275 
    Foreign official                                                           5,166   -       24   -       31 
    Other (12)                                                      (0)       76,218   -    1,011   +   41,431 
  Deferred availability cash items                                  (0)          648   +      196   +      188 
  Other liabilities and accrued dividends (13)                                 6,989   +    1,320   -      318 
                                                                                                               
Total liabilities                                                   (0)    4,425,977   +    1,541   -      708 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,869   +       21   +      761 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,869   +       21   +      761 

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, August 2, 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                                             1,839          44          50          174         131         260         201         288          27          50         114         192         309
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,392,640      85,581   2,473,347      113,411     127,377     257,356     258,561     184,767      58,616      34,347      62,308     175,847     561,123
    Securities held outright (1)               4,242,317      82,656   2,388,814      109,535     123,023     248,560     249,718     178,426      56,570      33,075      60,166     169,833     541,940
      U.S. Treasury securities                 2,465,195      48,031   1,388,131       63,650      71,488     144,437     145,110     103,683      32,873      19,220      34,962      98,689     314,919
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,195      48,031   1,388,131       63,650      71,488     144,437     145,110     103,683      32,873      19,220      34,962      98,689     314,919
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,769,026      34,467     996,124       45,675      51,300     103,648     104,131      74,403      23,590      13,792      25,089      70,819     225,986
    Unamortized premiums on securities held 
      outright (5)                               164,745       3,210      92,767        4,254       4,777       9,652       9,697       6,929       2,197       1,284       2,336       6,595      21,046
    Unamortized discounts on securities     
      held outright (5)                          -14,622        -285      -8,234         -378        -424        -857        -861        -615        -195        -114        -207        -585      -1,868
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            200           0           0            0           0           0           6          27          44         101          13           4           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      74           0           0            0           0           0          74           0           0           0           0           0           0
  Bank premises                                    2,192         118         442           71         114         199         203         198         111          88         236         220         191
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,486         928       6,937        1,151       1,743       4,625       1,248         896         234          90         208         274       3,151
  Other assets (10)                               30,633         646      16,783          789         899       1,984       1,826       1,291         510         262         508       1,237       3,896
  Interdistrict settlement account                     0  -    9,994  -   32,930   -    4,789  -    2,676  -    7,332  -    4,454  +   45,839  -      376  +    1,928  +    6,247  +    6,019  +    2,518
                                                                                                                                                                                                         
Total assets                                   4,466,846      77,869   2,471,761      111,367     128,382     258,287     259,836     234,442      59,613      37,046      70,066     184,987     573,190

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, August 2, 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            1,694,711      56,817     538,932      55,576      85,714     121,945     225,357     115,322      52,528      31,384      48,576     142,534     220,025
    Less: Notes held by F.R. Banks               176,315       6,314      46,435       6,932       9,943      13,311      26,613      11,622       5,356       2,924       5,555      15,858      25,453
      Federal Reserve notes, net               1,518,395      50,503     492,498      48,644      75,770     108,634     198,744     103,700      47,173      28,461      43,021     126,676     194,573
  Reverse repurchase agreements (11)             361,577       7,045     203,601       9,336      10,485      21,185      21,284      15,207       4,822       2,819       5,128      14,475      46,190
  Deposits                                     2,538,367      18,358   1,759,142      50,938      38,517     118,963      36,919     113,430       6,999       4,888      21,360      43,042     325,811
    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                           2,291,577      18,353   1,569,200      50,935      38,514     118,867      36,910      56,712       6,996       4,888      21,359      43,041     325,804
    U.S. Treasury, General Account               165,407           0     165,407           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    76,218           3      19,397           0           0          88           7      56,717           3           0           1           1           1
  Deferred availability cash items                   648           0           0           0           0           0          87           0           0         560           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,786          47         879          52          73         156         134          70          28          16          27          77         228
  Other liabilities and accrued             
     dividends                                     5,204         149       2,590         188         186         491         304         287         137         131         129         205         407
                                                                                                                                                                                                        
Total liabilities                              4,425,977      76,101   2,458,710     109,157     125,032     249,430     257,471     232,694      59,159      36,875      69,664     184,474     567,209
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,869       1,334       9,849       1,672       2,535       6,696       1,781       1,329         345         129         305         385       4,508
  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                  4,466,846      77,869   2,471,761     111,367     128,382     258,287     259,836     234,442      59,613      37,046      70,066     184,987     573,190

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, August 2, 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   
                                                                                           Aug 2, 2017  

Federal Reserve notes outstanding                                                            1,694,711  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,315  
    Federal Reserve notes to be collateralized                                               1,518,395  
Collateral held against Federal Reserve notes                                                1,518,395  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,502,159  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,317  
  Less: Face value of securities under reverse repurchase agreements                           345,594  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,896,723  

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.