FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 20, 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  Apr 19, 2017 
Federal Reserve Banks                                     Apr 19, 2017 Apr 12, 2017 Apr 20, 2016              

Reserve Bank credit                                         4,443,651   +    9,253   -    8,058    4,440,335  
  Securities held outright (1)                              4,256,186   +    7,505   +    7,386    4,253,384  
    U.S. Treasury securities                                2,464,604   +       91   +    3,222    2,464,638  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,477   +      197   -    2,758    2,339,740  
      Notes and bonds, inflation-indexed (2)                  107,049   -      184   +    3,863      106,803  
      Inflation compensation (3)                               18,079   +       79   +    2,119       18,095  
    Federal agency debt securities (2)                         12,900   -      429   -   15,431       11,829  
    Mortgage-backed securities (4)                          1,778,681   +    7,841   +   19,593    1,776,917  
  Unamortized premiums on securities held outright (5)        169,036   -       63   -   15,882      168,863  
  Unamortized discounts on securities held outright (5)       -14,921   +       28   +    1,375      -14,909  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            40   -        9   -        9           73  
    Primary credit                                                 15   -       15   +       10           43  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                25   +        7   -       19           30  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708   -        9   -       14        1,708  
  Float                                                          -355   -       37   -      124         -451  
  Central bank liquidity swaps (8)                                 35   -       10   +        2           35  
  Other Federal Reserve assets (9)                             31,923   +    1,849   -      791       31,632  
Foreign currency denominated assets (10)                       20,227   +      178   -      706       20,258  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,768   +       14   +      997       48,768  
                                                                                                              
Total factors supplying reserve funds                       4,528,886   +    9,444   -    7,768    4,525,602  

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  Apr 19, 2017 
Federal Reserve Banks                                     Apr 19, 2017 Apr 12, 2017 Apr 20, 2016              

Currency in circulation (11)                                 1,540,058   +      299   +   95,761    1,541,322 
Reverse repurchase agreements (12)                             321,200   -   39,927   +   52,201      362,153 
  Foreign official and international accounts                  255,275   +   10,068   +   14,749      245,586 
  Others                                                        65,925   -   49,996   +   37,453      116,567 
Treasury cash holdings                                             263   +        3   +       84          254 
Deposits with F.R. Banks, other than reserve balances          275,648   +   64,252   -   30,198      317,930 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               164,543   +   42,325   -  104,242      229,485 
  Foreign official                                               5,206   +        7   +       30        5,455 
  Other (13)                                                   105,900   +   21,922   +   74,014       82,991 
Other liabilities and capital (14)                              48,376   -      117   +    1,293       47,272 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,185,546   +   24,510   +  119,142    2,268,932 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,343,340   -   15,067   -  126,910    2,256,670 

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  Apr 19, 2017 
                                                          Apr 19, 2017 Apr 12, 2017 Apr 20, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,206,227   -    6,437   -   35,752    3,211,533 
  Marketable U.S. Treasury securities (1)                    2,884,013   -    5,769   -   44,584    2,890,838 
  Federal agency debt and mortgage-backed securities (2)       259,831   -      723   -    5,667      259,177 
  Other securities (3)                                          62,383   +       56   +   14,499       61,519 
Securities lent to dealers                                      19,953   -    1,703   +    2,671       20,876 
  Overnight facility (4)                                        19,953   -    1,703   +    2,671       20,876 
    U.S. Treasury securities                                    19,906   -    1,699   +    2,685       20,832 
    Federal agency debt securities                                  47   -        4   -       14           44 

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, April 19, 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                                           71             2             0             0             0           ...            73 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  14,058        46,550       200,648     1,194,549       381,191       627,642     2,464,638 
  Weekly changes                        +   13,598    -   12,786    -    1,044    -       13    +      184    +      153    +       92 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         3,732         3,706         2,044             0         2,347        11,829 
  Weekly changes                        -    1,500             0             0             0             0             0    -    1,500 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           181        11,424     1,765,312     1,776,917 
  Weekly changes                                 0             0             0    +      122    +      118    -    4,414    -    4,174 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          362,153             0           ...           ...           ...           ...       362,153 
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   
                                                                                                                      Apr 19, 2017  

Mortgage-backed securities held outright (1)                                                                             1,776,917  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,838  
Commitments to sell mortgage-backed securities (2)                                                                             535  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Apr 19, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2016. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Apr 19, 2017   Wednesday    Wednesday  
                                                        consolidation                Apr 12, 2017 Apr 20, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,888   -       11   +       11  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,407,412   -    5,929   -    9,257  
    Securities held outright (1)                                          4,253,384   -    5,582   +    5,281  
      U.S. Treasury securities                                            2,464,638   +       92   +    3,248  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,740   +      460   -    2,552  
        Notes and bonds, inflation-indexed (2)                              106,803   -      430   +    3,669  
        Inflation compensation (3)                                           18,095   +       61   +    2,130  
      Federal agency debt securities (2)                                     11,829   -    1,500   -   15,267  
      Mortgage-backed securities (4)                                      1,776,917   -    4,174   +   17,300  
    Unamortized premiums on securities held outright  
    (5)                                                                     168,863   -      429   -   15,923  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,909   +       32   +    1,375  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        73   +       49   +        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   -       14  
  Items in process of collection                                   (0)          102   +       12   -       46  
  Bank premises                                                               2,199   +        1   -       23  
  Central bank liquidity swaps (8)                                               35   -       10   +        2  
  Foreign currency denominated assets (9)                                    20,258   +      143   -      657  
  Other assets (10)                                                          29,433   +      573   -      875  
                                                                                                               
Total assets                                                       (0)    4,479,270   -    5,222   -   10,861  

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       Apr 19, 2017   Wednesday    Wednesday  
                                                        consolidation                Apr 12, 2017 Apr 20, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,494,691   +      353   +   94,823 
  Reverse repurchase agreements (11)                                         362,153   +    4,720   +   93,640 
  Deposits                                                          (0)    2,574,600   -    8,096   -  200,360 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,256,670   -  111,097   -  147,995 
    U.S. Treasury, General Account                                           229,485   +  110,328   -  108,055 
    Foreign official                                                           5,455   +      281   +      282 
    Other (12)                                                      (0)       82,991   -    7,607   +   55,409 
  Deferred availability cash items                                  (0)          553   -       98   +      156 
  Other liabilities and accrued dividends (13)                                 6,680   -    2,103   +      321 
                                                                                                               
Total liabilities                                                   (0)    4,438,678   -    5,222   -   11,419 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,592            0   +      558 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,592            0   +      558 

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, April 19, 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                                             1,888          50          58          171         132         294         194         288          26          54         120         189         312
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,407,412      85,878   2,481,737      113,796     127,809     258,228     259,432     185,384      58,774      34,375      62,508     176,449     563,041
    Securities held outright (1)               4,253,384      82,872   2,395,046      109,821     123,344     249,208     250,370     178,892      56,718      33,162      60,323     170,276     543,354
      U.S. Treasury securities                 2,464,638      48,020   1,387,818       63,636      71,472     144,405     145,078     103,660      32,865      19,216      34,954      98,667     314,848
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,638      48,020   1,387,818       63,636      71,472     144,405     145,078     103,660      32,865      19,216      34,954      98,667     314,848
      Federal agency debt securities (2)          11,829         230       6,661          305         343         693         696         498         158          92         168         474       1,511
      Mortgage-backed securities (4)           1,776,917      34,621   1,000,568       45,879      51,529     104,111     104,596      74,735      23,695      13,854      25,201      71,135     226,995
    Unamortized premiums on securities held 
      outright (5)                               168,863       3,290      95,086        4,360       4,897       9,894       9,940       7,102       2,252       1,317       2,395       6,760      21,572
    Unamortized discounts on securities     
      held outright (5)                          -14,909        -290      -8,395         -385        -432        -874        -878        -627        -199        -116        -211        -597      -1,905
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             73           7           0            0           0           0           0          17           3          14           2          10          20
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     102           0           0            0           0           0         102           0           0           0           0           0           0
  Bank premises                                    2,199         119         440           71         108         202         204         200         112          89         237         221         194
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,258         878       6,488        1,089       1,650       4,377       1,182         848         222          86         197         259       2,983
  Other assets (10)                               29,433         621      16,064          762         860       1,924       1,746       1,237         475         255         484       1,252       3,754
  Interdistrict settlement account                     0  +    1,749  -   41,608   +    1,958  -    9,684  -   10,706  -    4,471  +   45,035  +    1,155  +    1,606  +    4,478  +    8,761  +    1,728
                                                                                                                                                                                                         
Total assets                                   4,479,270      89,842   2,470,307      118,407     121,669     255,514     260,564     234,154      61,255      36,745      68,469     188,329     574,013

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, April 19, 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            1,671,213      55,905     529,467      54,370      83,759     119,727     224,571     115,141      52,181      29,986      47,019     142,213     216,874
    Less: Notes held by F.R. Banks               176,522       6,047      44,440       7,978      10,209      13,229      26,047      11,888       5,513       3,040       5,665      16,918      25,550
      Federal Reserve notes, net               1,494,691      49,858     485,027      46,392      73,550     106,498     198,524     103,253      46,668      26,946      41,354     125,295     191,324
  Reverse repurchase agreements (11)             362,153       7,056     203,926       9,351      10,502      21,219      21,318      15,232       4,829       2,824       5,136      14,498      46,264
  Deposits                                     2,574,600      30,973   1,764,996      60,248      34,075     118,447      37,858     113,604       9,147       6,186      21,428      47,749     329,890
    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                           2,256,670      30,968   1,503,443      60,246      34,071     118,177      37,849      57,544       9,129       6,185      21,427      47,749     329,882
    U.S. Treasury, General Account               229,485           0     229,485           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,455           2       5,427           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    82,991           3      26,640           0           0         261           7      56,059          18           0           1           0           1
  Deferred availability cash items                   553           0           0           0           0           0          82           0           0         472           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,690          36         951          44          54          96         114          63          24          13          23          71         202
  Other liabilities and accrued             
     dividends                                     4,990         165       2,391         188         193         493         315         275         135         133         128         203         370
                                                                                                                                                                                                        
Total liabilities                              4,438,678      88,088   2,457,291     116,223     118,373     246,753     258,211     232,427      60,804      36,573      68,069     187,816     568,050
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,592       1,321       9,815       1,646       2,481       6,601       1,771       1,309         342         129         303         385       4,491
  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                  4,479,270      89,842   2,470,307     118,407     121,669     255,514     260,564     234,154      61,255      36,745      68,469     188,329     574,013

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, April 19, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Apr 19, 2017  

Federal Reserve notes outstanding                                                            1,671,213  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,522  
    Federal Reserve notes to be collateralized                                               1,494,691  
Collateral held against Federal Reserve notes                                                1,494,691  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,478,455  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,253,384  
  Less: Face value of securities under reverse repurchase agreements                           346,171  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,907,214  

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.