FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 22, 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  Sep 21, 2016 
Federal Reserve Banks                                     Sep 21, 2016 Sep 14, 2016 Sep 23, 2015              

Reserve Bank credit                                         4,426,156   +    2,941   -   30,363    4,433,021  
  Securities held outright (1)                              4,235,011   +    2,180   -   12,494    4,241,341  
    U.S. Treasury securities                                2,463,523   -       46   +    1,577    2,463,506  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,647            0   -    4,993    2,341,647  
      Notes and bonds, inflation-indexed (2)                  104,553            0   +    6,019      104,553  
      Inflation compensation (3)                               17,323   -       46   +      552       17,306  
    Federal agency debt securities (2)                         20,492   -    2,000   -   14,601       20,492  
    Mortgage-backed securities (4)                          1,750,995   +    4,226   +      528    1,757,343  
  Unamortized premiums on securities held outright (5)        177,855   -       41   -   16,684      178,060  
  Unamortized discounts on securities held outright (5)       -15,525   +       38   +    1,609      -15,513  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           234   +       39   -       35          229  
    Primary credit                                                 30   +       24   +       19           20  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               203   +       13   -       55          209  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   +        5        1,707  
  Float                                                          -306   +       34   -      423         -298  
  Central bank liquidity swaps (8)                                  2   -        4   -      681            2  
  Other Federal Reserve assets (9)                             27,178   +      694   -    1,659       27,491  
Foreign currency denominated assets (10)                       21,378   -       14   +    1,293       21,483  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,147   +       14   +      846       48,147  
                                                                                                              
Total factors supplying reserve funds                       4,511,922   +    2,941   -   28,224    4,518,892  

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  Sep 21, 2016 
Federal Reserve Banks                                     Sep 21, 2016 Sep 14, 2016 Sep 23, 2015              

Currency in circulation (11)                                 1,468,505   -    2,763   +   84,731    1,468,589 
Reverse repurchase agreements (12)                             366,859   +   43,919   +   76,058      429,394 
  Foreign official and international accounts                  250,083   +    2,962   +   90,693      252,559 
  Others                                                       116,776   +   40,957   -   14,634      176,835 
Treasury cash holdings                                             114   +        9   -       32          121 
Deposits with F.R. Banks, other than reserve balances          384,815   +   86,890   +  208,802      403,358 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               340,448   +   97,366   +  186,936      358,603 
  Foreign official                                               5,165   -       71   -      262        5,168 
  Other (13)                                                    39,202   -   10,404   +   22,129       39,588 
Other liabilities and capital (14)                              47,162   -    1,091   -   19,387       47,111 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,267,456   +  126,965   +  350,174    2,348,573 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,244,467   -  124,024   -  378,398    2,170,319 

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  Sep 21, 2016 
                                                          Sep 21, 2016 Sep 14, 2016 Sep 23, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,150,270   -   14,275   -  201,301    3,147,423 
  Marketable U.S. Treasury securities (1)                    2,829,202   -   12,214   -  194,748    2,827,085 
  Federal agency debt and mortgage-backed securities (2)       261,569   -    1,421   -   21,101      260,233 
  Other securities (3)                                          59,499   -      641   +   14,548       60,104 
Securities lent to dealers                                      23,921   -       58   +    9,726       23,267 
  Overnight facility (4)                                        23,921   -       58   +    9,726       23,267 
    U.S. Treasury securities                                    23,906   -       57   +    9,760       23,252 
    Federal agency debt securities                                  15   -        1   -       34           15 

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, September 21, 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                                          223             7             0             0             0           ...           229 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   6,827        30,639       150,740     1,209,216       431,074       635,011     2,463,506 
  Weekly changes                        +    6,827    -    6,827    -        2    -        7    -        8    -       28    -       47 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,312         9,423         4,410             0         2,347        20,492 
  Weekly changes                        -    2,000    +    2,313    -    2,313             0             0             0    -    2,000 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,402        11,501     1,744,440     1,757,343 
  Weekly changes                                 0             0             0    -        8    +      797    -    6,919    -    6,130 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          429,394             0           ...           ...           ...           ...       429,394 
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   
                                                                                                                      Sep 21, 2016  

Mortgage-backed securities held outright (1)                                                                             1,757,343  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,856  
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   
                                                                                                                      Sep 21, 2016  

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 June 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       Sep 21, 2016   Wednesday    Wednesday  
                                                        consolidation                Sep 14, 2016 Sep 23, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,927   +        2   +       20  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,404,118   -    8,488   -   23,165  
    Securities held outright (1)                                          4,241,341   -    8,176   -    8,317  
      U.S. Treasury securities                                            2,463,506   -       47   +    1,560  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,341,647            0   -    4,993  
        Notes and bonds, inflation-indexed (2)                              104,553            0   +    6,019  
        Inflation compensation (3)                                           17,306   -       46   +      534  
      Federal agency debt securities (2)                                     20,492   -    2,000   -   14,601  
      Mortgage-backed securities (4)                                      1,757,343   -    6,130   +    4,724  
    Unamortized premiums on securities held outright  
    (5)                                                                     178,060   -      365   -   16,400  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,513   +       38   +    1,606  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       229   +       14   -       54  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   +        5  
  Items in process of collection                                   (0)           67   -      146   -      240  
  Bank premises                                                               2,205   +        1   -       33  
  Central bank liquidity swaps (8)                                                2   -        4   -      681  
  Foreign currency denominated assets (9)                                    21,483   +       39   +    1,515  
  Other assets (10)                                                          25,286   -        7   -    1,873  
                                                                                                               
Total assets                                                       (0)    4,473,032   -    8,603   -   24,452  

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       Sep 21, 2016   Wednesday    Wednesday  
                                                        consolidation                Sep 14, 2016 Sep 23, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,422,486   -    1,936   +   82,643 
  Reverse repurchase agreements (11)                                         429,394   +  112,794   +  125,597 
  Deposits                                                          (0)    2,573,677   -  117,357   -  214,906 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,170,319   -  178,969   -  431,877 
    U.S. Treasury, General Account                                           358,603   +  105,912   +  193,662 
    Foreign official                                                           5,168   +        2   -       88 
    Other (12)                                                      (0)       39,588   -   44,301   +   23,398 
  Deferred availability cash items                                  (0)          365   -      396   +      127 
  Other liabilities and accrued dividends (13)                                 6,947   -    1,724   +      476 
                                                                                                               
Total liabilities                                                   (0)    4,432,869   -    8,619   -    6,064 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,164   +       17   +      888 
  Surplus                                                                     10,000            0   -   19,276 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,164   +       17   -   18,388 

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, September 21, 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                                             1,927          48          74          155         134         302         192         281          33          55         136         195         322
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,404,118     108,183   2,506,108      119,575     131,889     269,143     246,499     175,497      55,642      32,561      61,311     156,763     540,947
    Securities held outright (1)               4,241,341     104,190   2,413,608      115,162     127,021     259,204     237,384     168,996      53,529      31,270      59,028     150,969     520,980
      U.S. Treasury securities                 2,463,506      60,517   1,401,900       66,890      73,778     150,554     137,880      98,158      31,091      18,162      34,286      87,688     302,602
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,506      60,517   1,401,900       66,890      73,778     150,554     137,880      98,158      31,091      18,162      34,286      87,688     302,602
      Federal agency debt securities (2)          20,492         503      11,661          556         614       1,252       1,147         817         259         151         285         729       2,517
      Mortgage-backed securities (4)           1,757,343      43,170   1,000,046       47,716      52,629     107,398      98,357      70,021      22,179      12,956      24,458      62,552     215,861
    Unamortized premiums on securities held 
      outright (5)                               178,060       4,374     101,328        4,835       5,333      10,882       9,966       7,095       2,247       1,313       2,478       6,338      21,872
    Unamortized discounts on securities     
      held outright (5)                          -15,513        -381      -8,828         -421        -465        -948        -868        -618        -196        -114        -216        -552      -1,905
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            229           0           0            0           0           5          17          25          62          93          21           7           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                      67           0           0            0           0           0          67           0           0           0           0           0           0
  Bank premises                                    2,205         119         428           72         105         206         208         201         115          90         240         225         197
  Central bank liquidity swaps (8)                     2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,483         949       7,090        1,182       1,636       4,791       1,193         576         220          92         214         272       3,268
  Other assets (10)                               25,286         652      13,854          687         757       1,711       1,415       1,015         520         207         400         963       3,106
  Interdistrict settlement account                     0  -   23,185  +   41,455   -    2,485  -    9,686  -   26,941  +    7,534  -    4,210  -      248  +       66  -      730  +   12,757  +    5,674
                                                                                                                                                                                                         
Total assets                                   4,473,032      87,317   2,576,123      119,756     125,657     250,385     259,302     174,537      56,792      33,354      62,021     172,331     555,459

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, September 21, 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            1,613,878      50,221     526,777      50,069      81,054     113,868     223,934     106,568      49,869      27,824      41,529     133,606     208,559
    Less: Notes held by F.R. Banks               191,392       6,296      54,106       6,868       9,799      14,421      29,389      12,718       5,587       3,222       5,546      16,449      26,992
      Federal Reserve notes, net               1,422,486      43,924     472,671      43,202      71,255      99,447     194,545      93,850      44,283      24,602      35,984     117,157     181,567
  Reverse repurchase agreements (11)             429,394      10,548     244,354      11,659      12,860      26,242      24,033      17,109       5,419       3,166       5,976      15,284      52,744
  Deposits                                     2,573,677      30,888   1,842,558      62,472      38,228     115,244      37,964      61,746       6,493       4,975      19,513      39,087     314,509
    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                           2,170,319      30,884   1,446,830      62,470      38,225     115,061      37,955      54,340       6,480       4,975      19,512      39,086     314,500
    U.S. Treasury, General Account               358,603           0     358,603           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,168           2       5,141           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    39,588           2      31,984           0           0         174           7       7,404          13           0           1           0           3
  Deferred availability cash items                   365           0           0           0           0           0          76           0           0         288           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,192          25         673          31          37          77          76          44          15           8          15          45         144
  Other liabilities and accrued             
     dividends                                     5,756         183       2,697         221         228         564         388         294         149         145         139         247         500
                                                                                                                                                                                                        
Total liabilities                              4,432,869      85,569   2,562,952     117,585     122,608     241,573     257,083     173,043      56,360      33,184      61,628     171,820     549,463
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,164       1,306       9,871       1,621       2,287       6,581       1,664       1,225         329         127         293         385       4,474
  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                  4,473,032      87,317   2,576,123     119,756     125,657     250,385     259,302     174,537      56,792      33,354      62,021     172,331     555,459

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, September 21, 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   
                                                                                          Sep 21, 2016  

Federal Reserve notes outstanding                                                            1,613,878  
  Less: Notes held by F.R. Banks not subject to collateralization                              191,392  
    Federal Reserve notes to be collateralized                                               1,422,486  
Collateral held against Federal Reserve notes                                                1,422,486  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,406,249  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,241,341  
  Less: Face value of securities under reverse repurchase agreements                           403,105  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,838,236  

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.