FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 23, 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  Mar 22, 2017 
Federal Reserve Banks                                     Mar 22, 2017 Mar 15, 2017 Mar 23, 2016              

Reserve Bank credit                                         4,436,217   +    7,739   -   14,518    4,439,386  
  Securities held outright (1)                              4,252,020   +    6,735   +    1,263    4,254,947  
    U.S. Treasury securities                                2,463,914   +      162   +    2,647    2,463,974  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,411            0   -    4,107    2,340,411  
      Notes and bonds, inflation-indexed (2)                  105,901            0   +    5,021      105,901  
      Inflation compensation (3)                               17,602   +      162   +    1,734       17,661  
    Federal agency debt securities (2)                         13,329            0   -   15,928       13,329  
    Mortgage-backed securities (4)                          1,774,777   +    6,573   +   14,544    1,777,645  
  Unamortized premiums on securities held outright (5)        170,019   -      119   -   16,197      170,019  
  Unamortized discounts on securities held outright (5)       -14,986   +       25   +    1,361      -14,976  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             9   +        2   -       10            9  
    Primary credit                                                  3            0   -        1            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 5   +        2   -       10            7  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707   +        2   -       15        1,707  
  Float                                                          -290   +      126   -       62         -437  
  Central bank liquidity swaps (8)                              1,019   +      102   +      966        1,019  
  Other Federal Reserve assets (9)                             26,720   +      866   -    1,823       27,097  
Foreign currency denominated assets (10)                       20,065   +      301   -      616       20,205  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,712   +       14   +    1,014       48,712  
                                                                                                              
Total factors supplying reserve funds                       4,521,236   +    8,055   -   14,119    4,524,545  

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  Mar 22, 2017 
Federal Reserve Banks                                     Mar 22, 2017 Mar 15, 2017 Mar 23, 2016              

Currency in circulation (11)                                 1,531,792   +    2,702   +   92,148    1,533,834 
Reverse repurchase agreements (12)                             481,409   +   11,294   +  182,277      495,718 
  Foreign official and international accounts                  244,939   +      144   +    7,499      244,705 
  Others                                                       236,470   +   11,150   +  174,778      251,013 
Treasury cash holdings                                             263   +       10   +       35          266 
Deposits with F.R. Banks, other than reserve balances          147,958   +   42,884   -  178,380      132,988 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                70,827   +   32,248   -  226,129       54,245 
  Foreign official                                               5,173   +        6   +        1        5,171 
  Other (13)                                                    71,957   +   10,629   +   47,747       73,572 
Other liabilities and capital (14)                              48,401   -       32   +      923       47,776 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,209,823   +   56,858   +   97,002    2,210,583 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,311,413   -   48,803   -  111,121    2,313,962 

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  Mar 22, 2017 
                                                          Mar 22, 2017 Mar 15, 2017 Mar 23, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,211,843   +   14,029   -   44,426    3,206,607 
  Marketable U.S. Treasury securities (1)                    2,887,451   +   18,039   -   54,852    2,882,993 
  Federal agency debt and mortgage-backed securities (2)       262,755   -    2,554   -    3,108      261,515 
  Other securities (3)                                          61,637   -    1,456   +   13,534       62,100 
Securities lent to dealers                                      23,827   +    1,535   +    2,950       21,921 
  Overnight facility (4)                                        23,827   +    1,535   +    2,950       21,921 
    U.S. Treasury securities                                    23,751   +    1,545   +    2,909       21,853 
    Federal agency debt securities                                  77   -        9   +       42           68 

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, March 22, 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                                            9             0             0             0             0           ...             9 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,559        46,910       183,363     1,216,867       376,203       627,071     2,463,974 
  Weekly changes                        +   13,559    -   13,559    +        6    +       26    +       33    +       96    +      162 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         5,232         3,706         2,044             0         2,347        13,329 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           175        11,422     1,766,048     1,777,645 
  Weekly changes                                 0             0             0    +        3    +        7    +    6,451    +    6,461 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,019             0             0             0             0             0         1,019 
                                                                                                                                       
Reverse repurchase agreements (4)          495,718             0           ...           ...           ...           ...       495,718 
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   
                                                                                                                      Mar 22, 2017  

Mortgage-backed securities held outright (1)                                                                             1,777,645  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,452  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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   
                                                                                                                      Mar 22, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of 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       Mar 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 15, 2017 Mar 23, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,921   -        8   +       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,409,999   +    6,537   -   13,382  
    Securities held outright (1)                                          4,254,947   +    6,622   +    1,474  
      U.S. Treasury securities                                            2,463,974   +      162   +    2,691  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,411            0   -    4,107  
        Notes and bonds, inflation-indexed (2)                              105,901            0   +    5,021  
        Inflation compensation (3)                                           17,661   +      162   +    1,777  
      Federal agency debt securities (2)                                     13,329            0   -   15,928  
      Mortgage-backed securities (4)                                      1,777,645   +    6,461   +   14,712  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,019   -      107   -   16,206  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,976   +       28   +    1,359  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         9   -        6   -        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   -       15  
  Items in process of collection                                   (0)           49   -       13   -       99  
  Bank premises                                                               2,199   +        2   -       28  
  Central bank liquidity swaps (8)                                            1,019   +      102   +      966  
  Foreign currency denominated assets (9)                                    20,205   +      449   -      303  
  Other assets (10)                                                          24,898   +    1,586   -    1,788  
                                                                                                               
Total assets                                                       (0)    4,478,236   +    8,659   -   14,621  

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       Mar 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Mar 15, 2017 Mar 23, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,487,305   +    2,810   +   91,509 
  Reverse repurchase agreements (11)                                         495,718   +   18,706   +  188,163 
  Deposits                                                          (0)    2,446,950   -   13,397   -  295,548 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,313,962   -   54,158   -  117,864 
    U.S. Treasury, General Account                                            54,245   +   30,829   -  223,462 
    Foreign official                                                           5,171   +        2   -        2 
    Other (12)                                                      (0)       73,572   +    9,930   +   45,779 
  Deferred availability cash items                                  (0)          486   +       48   +       89 
  Other liabilities and accrued dividends (13)                                 7,211   +      472   +      588 
                                                                                                               
Total liabilities                                                   (0)    4,437,670   +    8,640   -   15,199 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,565   +       17   +      577 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,565   +       17   +      577 

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, March 22, 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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,921          54          70          173         135         301         186         288          25          53         123         197         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,409,999     108,333   2,509,581      119,741     132,072     269,511     246,824     175,720      55,658      32,513      61,379     156,973     541,696
    Securities held outright (1)               4,254,947     104,524   2,421,350      115,531     127,429     260,036     238,146     169,538      53,701      31,370      59,218     151,454     522,652
      U.S. Treasury securities                 2,463,974      60,528   1,402,166       66,902      73,792     150,583     137,907      98,177      31,097      18,166      34,292      87,704     302,659
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,974      60,528   1,402,166       66,902      73,792     150,583     137,907      98,177      31,097      18,166      34,292      87,704     302,659
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,777,645      43,668   1,011,599       48,267      53,237     108,638      99,493      70,830      22,435      13,106      24,740      63,275     218,355
    Unamortized premiums on securities held 
      outright (5)                               170,019       4,177      96,752        4,616       5,092      10,390       9,516       6,774       2,146       1,253       2,366       6,052      20,884
    Unamortized discounts on securities     
      held outright (5)                          -14,976        -368      -8,522         -407        -448        -915        -838        -597        -189        -110        -208        -533      -1,839
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              9           0           0            0           0           0           0           4           0           0           3           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      49           0           0            0           0           0          49           0           0           0           0           0           0
  Bank premises                                    2,199         120         437           72         108         202         205         200         113          89         238         222         195
  Central bank liquidity swaps (8)                 1,019          45         336           56          78         227          57          27          10           4          10          13         155
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,205         893       6,667        1,112       1,539       4,506       1,122         542         207          86         202         256       3,074
  Other assets (10)                               24,898         643      13,538          681         743       1,698       1,402         990         589         202         394         974       3,046
  Interdistrict settlement account                     0  -    7,055  -  161,282   +    6,456  -    5,107  -      881  +   23,945  +   52,035  +    6,474  +    4,661  +    9,092  +   32,178  +   39,485
                                                                                                                                                                                                         
Total assets                                   4,478,236     103,584   2,376,460      128,859     130,390     276,736     275,984     230,979      63,585      37,892      71,887     191,968     589,911

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, March 22, 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            1,658,971      54,948     530,987      53,491      81,830     118,842     226,004     113,674      50,222      29,281      46,526     139,850     213,317
    Less: Notes held by F.R. Banks               171,666       5,574      46,297       5,804       9,653      12,809      25,349      11,759       4,860       3,300       5,360      15,337      25,565
      Federal Reserve notes, net               1,487,305      49,374     484,690      47,687      72,177     106,033     200,655     101,915      45,362      25,981      41,166     124,513     187,752
  Reverse repurchase agreements (11)             495,718      12,177     282,097      13,460      14,846      30,295      27,745      19,752       6,256       3,655       6,899      17,645      60,891
  Deposits                                     2,446,950      40,040   1,593,131      65,266      39,786     130,969      44,714     107,258      11,354       7,508      23,266      49,010     334,647
    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                           2,313,962      40,033   1,506,084      65,264      39,783     130,820      44,706      61,512      11,339       7,508      23,264      49,009     334,641
    U.S. Treasury, General Account                54,245           0      54,245           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,171           2       5,145           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    73,572           5      27,658           0           0         140           7      45,745          14           0           1           0           1
  Deferred availability cash items                   486           0           0           0           0           0          50           0           0         434           2           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,242          71       1,136          74          91         206         144          84          34          11          35          77         279
  Other liabilities and accrued             
     dividends                                     4,970         167       2,392         190         191         472         320         272         130         133         124         202         378
                                                                                                                                                                                                        
Total liabilities                              4,437,670     101,829   2,363,446     126,676     127,091     267,975     273,628     229,281      63,136      37,721      71,492     191,447     583,949
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,565       1,321       9,812       1,645       2,485       6,600       1,773       1,279         340         129         298         394       4,490
  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                  4,478,236     103,584   2,376,460     128,859     130,390     276,736     275,984     230,979      63,585      37,892      71,887     191,968     589,911

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, March 22, 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   
                                                                                          Mar 22, 2017  

Federal Reserve notes outstanding                                                            1,658,971  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,666  
    Federal Reserve notes to be collateralized                                               1,487,305  
Collateral held against Federal Reserve notes                                                1,487,305  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,471,068  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,254,947  
  Less: Face value of securities under reverse repurchase agreements                           471,839  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,783,108  

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.