FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 31, 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 30, 2017 
Federal Reserve Banks                                     Aug 30, 2017 Aug 23, 2017 Aug 31, 2016              

Reserve Bank credit                                         4,413,399   -   11,116   -    4,620    4,411,538  
  Securities held outright (1)                              4,241,185   -   10,295   +   11,116    4,239,610  
    U.S. Treasury securities                                2,465,290   +       26   +    1,692    2,465,300  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,565            0   -    4,903    2,337,565  
      Notes and bonds, inflation-indexed (2)                  108,973            0   +    5,241      108,973  
      Inflation compensation (3)                               18,752   +       26   +    1,354       18,761  
    Federal agency debt securities (2)                          6,757   -    1,149   -   15,735        6,757  
    Mortgage-backed securities (4)                          1,769,138   -    9,173   +   25,159    1,767,553  
  Unamortized premiums on securities held outright (5)        163,691   -      585   -   14,747      163,542  
  Unamortized discounts on securities held outright (5)       -14,577   +       32   +    1,045      -14,566  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           227   -        3   +       13          223  
    Primary credit                                                  2   -        5   -        1            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               225   +        1   +       15          220  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,708  
  Float                                                          -397   -      153   +      154       -1,177  
  Central bank liquidity swaps (8)                                 36            0   -    1,315           36  
  Other Federal Reserve assets (9)                             21,525   -      111   -      889       22,162  
Foreign currency denominated assets (10)                       21,537   +      151   +      110       21,494  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,098   +       14   +      819       49,098  
                                                                                                              
Total factors supplying reserve funds                       4,500,276   -   10,951   -    3,689    4,498,372  

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 30, 2017 
Federal Reserve Banks                                     Aug 30, 2017 Aug 23, 2017 Aug 31, 2016              

Currency in circulation (11)                                 1,567,192   +    1,776   +  101,734    1,570,551 
Reverse repurchase agreements (12)                             370,485   -    3,538   +   34,357      388,708 
  Foreign official and international accounts                  242,963   +    4,066   +      397      242,622 
  Others                                                       127,522   -    7,604   +   33,960      146,086 
Treasury cash holdings                                             173   -        3   +       64          168 
Deposits with F.R. Banks, other than reserve balances          149,628   -   14,670   -  167,704      159,286 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                61,057   -   21,020   -  213,138       66,877 
  Foreign official                                               5,284   +      119   +       10        5,165 
  Other (13)                                                    83,286   +    6,231   +   45,422       87,244 
Other liabilities and capital (14)                              48,253   +      579   +    1,274       47,703 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,135,730   -   15,857   -   30,276    2,166,416 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,364,546   +    4,906   +   26,586    2,331,956 

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 30, 2017 
                                                          Aug 30, 2017 Aug 23, 2017 Aug 31, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,345,018   +    3,333   +  156,466    3,348,854 
  Marketable U.S. Treasury securities (1)                    3,019,397   +    1,059   +  153,287    3,023,031 
  Federal agency debt and mortgage-backed securities (2)       264,162   +    2,190   +    1,597      264,098 
  Other securities (3)                                          61,459   +       85   +    1,581       61,724 
Securities lent to dealers                                      25,799   +    2,646   +    3,353       22,912 
  Overnight facility (4)                                        25,799   +    2,646   +    3,353       22,912 
    U.S. Treasury securities                                    25,797   +    2,644   +    3,367       22,912 
    Federal agency debt securities                                   2   +        2   -       13            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 30, 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                                          180            43             0             0             0           ...           223 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,197        30,691       310,316     1,163,518       324,365       633,213     2,465,300 
  Weekly changes                                 0             0    +        1    +       39    -       29    +       16    +       27 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            91        12,956     1,754,507     1,767,553 
  Weekly changes                                 0             0             0    -      717    -      394    -   10,034    -   11,146 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                36             0             0             0             0             0            36 
                                                                                                                                       
Reverse repurchase agreements (4)          388,708             0           ...           ...           ...           ...       388,708 
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 30, 2017  

Mortgage-backed securities held outright (1)                                                                             1,767,553  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           25,435  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   27  



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 30, 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 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 30, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 23, 2017 Aug 31, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,858   -       14   -       73  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,388,809   -   11,712   -    4,225  
    Securities held outright (1)                                          4,239,610   -   11,120   +    9,491  
      U.S. Treasury securities                                            2,465,300   +       27   +    1,655  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,565            0   -    4,082  
        Notes and bonds, inflation-indexed (2)                              108,973            0   +    4,420  
        Inflation compensation (3)                                           18,761   +       26   +    1,316  
      Federal agency debt securities (2)                                      6,757            0   -   15,735  
      Mortgage-backed securities (4)                                      1,767,553   -   11,146   +   23,571  
    Unamortized premiums on securities held outright  
    (5)                                                                     163,542   -      611   -   14,781  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,566   +       32   +    1,049  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       223   -       13   +       16  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           56   +        3   -      162  
  Bank premises                                                               2,204   +        5   -        8  
  Central bank liquidity swaps (8)                                               36            0   -    1,315  
  Foreign currency denominated assets (9)                                    21,494   +       54   +      266  
  Other assets (10)                                                          19,959   +      189   -       31  
                                                                                                               
Total assets                                                       (0)    4,452,360   -   11,477   -    5,547  

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 30, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 23, 2017 Aug 31, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,523,475   +    3,875   +  100,857 
  Reverse repurchase agreements (11)                                         388,708   -   19,115   -   33,822 
  Deposits                                                          (0)    2,491,242   +    2,558   -   74,218 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,331,956   -    6,214   +  101,349 
    U.S. Treasury, General Account                                            66,877   -    1,053   -  222,069 
    Foreign official                                                           5,165            0   -        2 
    Other (12)                                                      (0)       87,244   +    9,826   +   46,504 
  Deferred availability cash items                                  (0)        1,233   +      711   -      133 
  Other liabilities and accrued dividends (13)                                 6,716   +      485   +      929 
                                                                                                               
Total liabilities                                                   (0)    4,411,374   -   11,487   -    6,388 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,987   +       11   +      842 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,987   +       11   +      842 

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 30, 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                                             1,858          46          54          182         130         260         199         296          31          50         113         190         307
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,388,809      85,507   2,471,177      113,311     127,265     257,130     258,338     184,608      58,574      34,327      62,254     175,692     560,627
    Securities held outright (1)               4,239,610      82,603   2,387,290      109,465     122,945     248,401     249,559     178,313      56,534      33,054      60,128     169,724     541,594
      U.S. Treasury securities                 2,465,300      48,033   1,388,190       63,653      71,491     144,443     145,117     103,687      32,874      19,221      34,964      98,693     314,933
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,300      48,033   1,388,190       63,653      71,491     144,443     145,117     103,687      32,874      19,221      34,964      98,693     314,933
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,767,553      34,438     995,295       45,637      51,257     103,562     104,045      74,341      23,570      13,781      25,068      70,760     225,798
    Unamortized premiums on securities held 
      outright (5)                               163,542       3,186      92,089        4,223       4,743       9,582       9,627       6,878       2,181       1,275       2,319       6,547      20,892
    Unamortized discounts on securities     
      held outright (5)                          -14,566        -284      -8,202         -376        -422        -853        -857        -613        -194        -114        -207        -583      -1,861
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            223           1           0            0           0           0          10          30          53         111          14           4           1
  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                      56           0           0            0           0           0          55           0           0           0           0           0           0
  Bank premises                                    2,204         118         446           72         117         198         203         202         110          88         237         220         192
  Central bank liquidity swaps (8)                    36           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,494         932       6,884        1,156       1,751       4,645       1,254         900         235          91         209         275       3,165
  Other assets (10)                               19,959         425      10,673          506         576       1,370       1,182         835         459         171         340         911       2,510
  Interdistrict settlement account                     0  -    4,289  -   21,967   -    2,450  -    3,449  -    9,231  -    2,873  +   47,738  -      935  +    3,796  +    5,595  +      824  -   12,760
                                                                                                                                                                                                         
Total assets                                   4,452,360      83,285   2,474,396      113,336     127,182     255,568     260,534     235,741      58,966      38,804      69,193     179,311     556,043

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 30, 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            1,703,532      56,472     547,096      55,338      85,400     121,626     227,059     115,044      52,207      31,302      48,402     142,451     221,136
    Less: Notes held by F.R. Banks               180,057       6,655      46,187       7,076      10,103      13,941      25,585      11,980       5,607       3,141       5,456      16,985      27,341
      Federal Reserve notes, net               1,523,475      49,817     500,909      48,262      75,297     107,685     201,474     103,064      46,601      28,160      42,947     125,466     193,795
  Reverse repurchase agreements (11)             388,708       7,573     218,878      10,036      11,272      22,775      22,881      16,349       5,183       3,031       5,513      15,561      49,656
  Deposits                                     2,491,242      23,936   1,738,246      52,527      37,017     115,624      33,324     114,221       6,581       6,096      20,174      37,495     306,001
    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                           2,331,956      23,930   1,635,991      52,525      37,014     115,369      33,315      57,490       6,566       6,095      20,173      37,493     305,995
    U.S. Treasury, General Account                66,877           0      66,877           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    87,244           4      30,240           0           0         247           7      56,729          15           0           1           1           1
  Deferred availability cash items                 1,233           0           0           0           0           0          52           0           0       1,181           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,279          22         667          31          48          84         101          48          15          12          17          64         170
  Other liabilities and accrued             
     dividends                                     5,437         169       2,629         201         200         542         331         308         131         138         140         211         437
                                                                                                                                                                                                        
Total liabilities                              4,411,374      81,517   2,461,329     111,057     123,834     246,710     258,162     233,989      58,511      38,618      68,791     178,797     550,059
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,987       1,334       9,865       1,741       2,533       6,697       1,789       1,334         345         145         305         386       4,511
  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                  4,452,360      83,285   2,474,396     113,336     127,182     255,568     260,534     235,741      58,966      38,804      69,193     179,311     556,043

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 30, 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 30, 2017  

Federal Reserve notes outstanding                                                            1,703,532  
  Less: Notes held by F.R. Banks not subject to collateralization                              180,057  
    Federal Reserve notes to be collateralized                                               1,523,475  
Collateral held against Federal Reserve notes                                                1,523,475  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,507,238  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,610  
  Less: Face value of securities under reverse repurchase agreements                           369,929  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,869,681  

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.