FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 November 3, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Nov 2, 2016 
Federal Reserve Banks                                      Nov 2, 2016 Oct 26, 2016  Nov 4, 2015              

Reserve Bank credit                                         4,412,757   -   17,278   -   38,984    4,413,155  
  Securities held outright (1)                              4,217,899   -   13,785   -   22,119    4,217,925  
    U.S. Treasury securities                                2,463,564   +       29   +    1,786    2,463,586  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,847   -      129   -    5,792    2,340,674  
      Notes and bonds, inflation-indexed (2)                  105,353   +      129   +    6,819      105,526  
      Inflation compensation (3)                               17,364   +       29   +      760       17,385  
    Federal agency debt securities (2)                         18,493            0   -   15,653       18,493  
    Mortgage-backed securities (4)                          1,735,843   -   13,813   -    8,252    1,735,847  
  Unamortized premiums on securities held outright (5)        175,836   -      767   -   16,386      175,708  
  Unamortized discounts on securities held outright (5)       -15,315   +       42   +    1,538      -15,294  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            58   -       34   -       89           35  
    Primary credit                                                  4   -        2   -        2            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                53   -       33   -       88           32  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,706   -        2   -        7        1,708  
  Float                                                          -835   -      509   -    1,143         -429  
  Central bank liquidity swaps (8)                              1,015   -    2,526   +      872        1,015  
  Other Federal Reserve assets (9)                             32,393   +      303   -    1,649       32,487  
Foreign currency denominated assets (10)                       20,916   +       47   +    1,169       21,307  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,281   +       14   +      826       48,281  
                                                                                                              
Total factors supplying reserve funds                       4,498,195   -   17,217   -   36,988    4,498,984  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Nov 2, 2016 
Federal Reserve Banks                                      Nov 2, 2016 Oct 26, 2016  Nov 4, 2015              

Currency in circulation (11)                                 1,479,212   +    3,300   +   82,234    1,484,552 
Reverse repurchase agreements (12)                             395,131   -    6,178   +   22,946      414,938 
  Foreign official and international accounts                  239,705   +      283   +   39,817      238,706 
  Others                                                       155,426   -    6,461   -   16,871      176,232 
Treasury cash holdings                                             182   +        5   -       56          184 
Deposits with F.R. Banks, other than reserve balances          469,090   -   60,074   +  411,322      414,973 
  Term deposits held by depository institutions                      0   -   48,601            0            0 
  U.S. Treasury, General Account                               417,665   -   11,362   +  387,870      371,894 
  Foreign official                                               5,173   +        3   -       97        5,172 
  Other (13)                                                    46,253   -      113   +   23,550       37,907 
Other liabilities and capital (14)                              46,593   -      674   -   18,854       47,128 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,390,208   -   63,621   +  497,591    2,361,775 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,107,987   +   46,404   -  534,579    2,137,209 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Nov 2, 2016 
                                                           Nov 2, 2016 Oct 26, 2016  Nov 4, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,120,341   -    4,891   -  163,422    3,109,033 
  Marketable U.S. Treasury securities (1)                    2,800,637   -    5,613   -  161,771    2,788,407 
  Federal agency debt and mortgage-backed securities (2)       259,417   -      249   -   15,896      260,124 
  Other securities (3)                                          60,286   +      970   +   14,244       60,501 
Securities lent to dealers                                      21,381   +      234   +    5,171       19,271 
  Overnight facility (4)                                        21,381   +      234   +    5,171       19,271 
    U.S. Treasury securities                                    21,356   +      234   +    5,197       19,247 
    Federal agency debt securities                                  25   +        1   -       26           24 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 2, 2016    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                            9            26             0             0             0           ...            35 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,573        32,689       148,238     1,198,562       435,165       635,358     2,463,586 
  Weekly changes                        +    7,044    -    6,216    +    1,345    -    4,162    +    1,700    +      330    +       42 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,313         9,423         4,410             0         2,347        18,493 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,582        10,908     1,723,357     1,735,847 
  Weekly changes                                 0             0             0    +      192    -      191    +        6    +        6 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,015             0             0             0             0             0         1,015 
                                                                                                                                       
Reverse repurchase agreements (4)          414,938             0           ...           ...           ...           ...       414,938 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Nov 2, 2016  

Mortgage-backed securities held outright (1)                                                                             1,735,847  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           45,910  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Nov 2, 2016  

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 September 30, 2016. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Nov 2, 2016   Wednesday    Wednesday  
                                                        consolidation                Oct 26, 2016  Nov 4, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,884   -       11   -        2  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,378,375   -      293   -   36,989  
    Securities held outright (1)                                          4,217,925   +       47   -   22,083  
      U.S. Treasury securities                                            2,463,586   +       42   +    1,826  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,674   -      302   -    5,965  
        Notes and bonds, inflation-indexed (2)                              105,526   +      302   +    6,992  
        Inflation compensation (3)                                           17,385   +       41   +      798  
      Federal agency debt securities (2)                                     18,493            0   -   15,653  
      Mortgage-backed securities (4)                                      1,735,847   +        6   -    8,255  
    Unamortized premiums on securities held outright  
    (5)                                                                     175,708   -      348   -   16,356  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,294   +       49   +    1,545  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        35   -       41   -       97  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708   +        3   -        5  
  Items in process of collection                                   (0)           75   +       13   -      377  
  Bank premises                                                               2,199   -        3   -       32  
  Central bank liquidity swaps (8)                                            1,015   -    2,526   +      872  
  Foreign currency denominated assets (9)                                    21,307   +      436   +    1,752  
  Other assets (10)                                                          30,288   +    1,143   -    1,833  
                                                                                                               
Total assets                                                       (0)    4,453,087   -    1,239   -   36,615  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Nov 2, 2016   Wednesday    Wednesday  
                                                        consolidation                Oct 26, 2016  Nov 4, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,438,335   +    6,954   +   82,486 
  Reverse repurchase agreements (11)                                         414,938   +   30,129   +  106,654 
  Deposits                                                          (0)    2,552,182   -   39,688   -  207,961 
    Term deposits held by depository institutions                                  0   -   48,601            0 
    Other deposits held by depository institutions                         2,137,209   +   72,189   -  552,642 
    U.S. Treasury, General Account                                           371,894   -   48,362   +  327,679 
    Foreign official                                                           5,172   +        6   -      109 
    Other (12)                                                      (0)       37,907   -   14,919   +   17,111 
  Deferred availability cash items                                  (0)          504   -       23   +      129 
  Other liabilities and accrued dividends (13)                                 6,939   +    1,383   +      516 
                                                                                                               
Total liabilities                                                   (0)    4,412,898   -    1,245   -   18,177 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,188   +        6   +      874 
  Surplus                                                                     10,000            0   -   19,314 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,188   +        6   -   18,439 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, November 2, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,884          48          74          159         133         301         179         278          31          53         124         186         317
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,378,375     107,555   2,491,569      118,882     131,124     267,577     245,055     174,457      55,263      32,290      60,943     155,852     537,809
    Securities held outright (1)               4,217,925     103,614   2,400,283      114,526     126,320     257,773     236,074     168,063      53,234      31,097      58,702     150,136     518,104
      U.S. Treasury securities                 2,463,586      60,519   1,401,945       66,892      73,780     150,559     137,885      98,161      31,092      18,163      34,287      87,691     302,612
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,586      60,519   1,401,945       66,892      73,780     150,559     137,885      98,161      31,092      18,163      34,287      87,691     302,612
      Federal agency debt securities (2)          18,493         454      10,524          502         554       1,130       1,035         737         233         136         257         658       2,272
      Mortgage-backed securities (4)           1,735,847      42,641     987,813       47,132      51,986     106,084      97,154      69,165      21,908      12,798      24,158      61,787     213,221
    Unamortized premiums on securities held 
      outright (5)                               175,708       4,316      99,990        4,771       5,262      10,738       9,834       7,001       2,218       1,295       2,445       6,254      21,583
    Unamortized discounts on securities     
      held outright (5)                          -15,294        -376      -8,704         -415        -458        -935        -856        -609        -193        -113        -213        -544      -1,879
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             35           0           0            0           0           0           3           2           5          11           8           6           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                      75           0           0            0           0           0          74           0           0           0           0           0           0
  Bank premises                                    2,199         118         431           71         105         204         206         200         114          90         239         224         196
  Central bank liquidity swaps (8)                 1,015          45         335           56          77         226          56          27          10           4          10          13         154
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,307         938       7,088        1,168       1,616       4,733       1,178         569         218          91         212         269       3,228
  Other assets (10)                               30,288         783      16,783          827         915       2,012       1,714       1,223         477         252         478       1,092       3,731
  Interdistrict settlement account                     0  -   19,243  -   19,000   -    9,198  -    3,157  -    8,481  +   11,339  +    3,528  +    4,181  +    2,837  +    1,047  +   23,508  +   12,640
                                                                                                                                                                                                         
Total assets                                   4,453,087      90,795   2,504,394      112,533     131,636     267,744     261,996     181,459      60,804      35,901      63,503     182,301     560,021

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 2, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,616,099      49,892     523,852      51,530      80,497     113,908     223,310     109,108      49,767      28,206      43,113     133,840     209,076
    Less: Notes held by F.R. Banks               177,764       6,452      45,422       6,536       9,407      14,117      27,225      11,887       5,545       3,164       5,813      15,503      26,693
      Federal Reserve notes, net               1,438,335      43,441     478,430      44,994      71,091      99,790     196,085      97,221      44,222      25,042      37,300     118,336     182,383
  Reverse repurchase agreements (11)             414,938      10,193     236,128      11,266      12,427      25,358      23,224      16,533       5,237       3,059       5,775      14,770      50,968
  Deposits                                     2,552,182      35,195   1,773,495      53,838      44,654     133,099      39,915      65,873      10,738       7,068      19,881      48,398     320,028
    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                           2,137,209      35,188   1,367,970      53,836      44,650     132,813      39,906      56,758      10,724       7,067      19,880      48,397     320,020
    U.S. Treasury, General Account               371,894           0     371,894           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,172           2       5,146           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    37,907           5      28,486           0           0         277           7       9,114          13           0           1           1           2
  Deferred availability cash items                   504           0           0           0           0           0          93           0           0         410           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,283          64       1,206          71          88         202         141          84          28          15          27          72         286
  Other liabilities and accrued             
     dividends                                     4,656         153       2,095         185         195         493         320         251         141         137         124         209         354
                                                                                                                                                                                                        
Total liabilities                              4,412,898      89,045   2,491,354     110,354     128,454     258,943     259,778     179,962      60,366      35,731      63,107     181,785     554,019
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,188       1,307       9,741       1,629       2,420       6,571       1,663       1,229         336         127         296         388       4,480
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,453,087      90,795   2,504,394     112,533     131,636     267,744     261,996     181,459      60,804      35,901      63,503     182,301     560,021

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, November 2, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Nov 2, 2016  

Federal Reserve notes outstanding                                                            1,616,099  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,764  
    Federal Reserve notes to be collateralized                                               1,438,335  
Collateral held against Federal Reserve notes                                                1,438,335  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,422,098  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,217,925  
  Less: Face value of securities under reverse repurchase agreements                           388,186  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,829,739  

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.