FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 31, 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  Mar 30, 2016 
Federal Reserve Banks                                     Mar 30, 2016 Mar 23, 2016  Apr 1, 2015              

Reserve Bank credit                                         4,444,587   -    6,148   +      726    4,442,657  
  Securities held outright (1)                              4,245,057   -    5,700   +   16,664    4,243,666  
    U.S. Treasury securities                                2,461,310   +       43   +    1,716    2,461,326  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,344,518            0   -    2,192    2,344,518  
      Notes and bonds, inflation-indexed (2)                  100,880            0   +    2,411      100,880  
      Inflation compensation (3)                               15,912   +       44   +    1,496       15,928  
    Federal agency debt securities (2)                         29,257            0   -    7,620       29,257  
    Mortgage-backed securities (4)                          1,754,490   -    5,743   +   22,569    1,753,082  
  Unamortized premiums on securities held outright (5)        185,863   -      353   -   16,838      185,557  
  Unamortized discounts on securities held outright (5)       -16,314   +       33   +    1,651      -16,301  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            36   +       17            0           32  
    Primary credit                                                 23   +       19            0           17  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                14   -        1            0           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       30        1,722  
  Float                                                          -400   -      172   +       88       -1,247  
  Central bank liquidity swaps (8)                                 48   -        5   -      762           48  
  Other Federal Reserve assets (9)                             28,575   +       32   -      107       29,181  
Foreign currency denominated assets (10)                       20,509   -      172   +      853       20,681  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,728   +       14   +    1,057       47,728  
                                                                                                              
Total factors supplying reserve funds                       4,529,065   -    6,306   +    2,636    4,527,307  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 30, 2016 
Federal Reserve Banks                                     Mar 30, 2016 Mar 23, 2016  Apr 1, 2015              

Currency in circulation (11)                                 1,441,289   +    1,629   +   83,467    1,443,285 
Reverse repurchase agreements (12)                             304,209   +    5,077   -   40,899      369,688 
  Foreign official and international accounts                  235,766   -    1,674   +   88,076      242,569 
  Others                                                        68,443   +    6,751   -  128,975      127,119 
Treasury cash holdings                                             217   -       11   +       14          213 
Deposits with F.R. Banks, other than reserve balances          327,265   +      927   +  236,454      331,135 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               284,660   -   12,296   +  209,193      291,912 
  Foreign official                                               5,210   +       38   -       21        5,172 
  Other (13)                                                    37,395   +   13,185   +   27,281       34,050 
Other liabilities and capital (14)                              47,669   +      191   -   17,471       46,900 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,120,649   +    7,812   +  261,564    2,191,222 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,408,417   -   14,117   -  258,927    2,336,085 

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.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Mar 30, 2016 
                                                          Mar 30, 2016 Mar 23, 2016  Apr 1, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,260,442   +    4,173   +      951    3,255,065 
  Marketable U.S. Treasury securities (1)                    2,946,666   +    4,363   +   15,448    2,940,757 
  Federal agency debt and mortgage-backed securities (2)       265,886   +       23   -   18,799      266,473 
  Other securities (3)                                          47,890   -      213   +    4,302       47,835 
Securities lent to dealers                                      22,653   +    1,776   +    9,822       19,699 
  Overnight facility (4)                                        22,653   +    1,776   +    9,822       19,699 
    U.S. Treasury securities                                    22,610   +    1,768   +   10,187       19,653 
    Federal agency debt securities                                  42   +        7   -      366           46 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 30, 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                                           32             0             0             0             0           ...            32 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,587        67,034       117,592     1,155,990       464,882       632,241     2,461,326 
  Weekly changes                                 0             0    +        3    +    3,692    -    3,679    +       27    +       43 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,161        11,767        10,982             0         2,347        29,257 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           756         8,846     1,743,481     1,753,082 
  Weekly changes                                 0             0             0    -       21    -      168    -    9,661    -    9,851 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                48             0             0             0             0             0            48 
                                                                                                                                       
Reverse repurchase agreements (4)          369,688             0           ...           ...           ...           ...       369,688 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 30, 2016  

Mortgage-backed securities held outright (1)                                                                             1,753,082  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           22,833  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   14  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 30, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2015. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 30, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 23, 2016  Apr 1, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,876   -       20   +       44  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,412,953   -   10,428   -      102  
    Securities held outright (1)                                          4,243,666   -    9,807   +   15,282  
      U.S. Treasury securities                                            2,461,326   +       43   +    1,748  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,518            0   -    2,191  
        Notes and bonds, inflation-indexed (2)                              100,880            0   +    2,411  
        Inflation compensation (3)                                           15,928   +       44   +    1,528  
      Federal agency debt securities (2)                                     29,257            0   -    7,620  
      Mortgage-backed securities (4)                                      1,753,082   -    9,851   +   21,154  
    Unamortized premiums on securities held outright  
    (5)                                                                     185,557   -      668   -   17,008  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,301   +       34   +    1,652  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        32   +       14   -       27  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       31  
  Items in process of collection                                   (0)          142   -        6   +       32  
  Bank premises                                                               2,226   -        1   -       15  
  Central bank liquidity swaps (8)                                               48   -        5   -      762  
  Foreign currency denominated assets (9)                                    20,681   +      173   +    1,122  
  Other assets (10)                                                          26,956   +      270   +      692  
                                                                                                               
Total assets                                                       (0)    4,482,840   -   10,017   +    1,041  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 30, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 23, 2016  Apr 1, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,397,642   +    1,846   +   82,383 
  Reverse repurchase agreements (11)                                         369,688   +   62,133   +   15,995 
  Deposits                                                          (0)    2,667,221   -   75,277   -   80,821 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,336,086   -   95,740   -  331,577 
    U.S. Treasury, General Account                                           291,912   +   14,205   +  226,383 
    Foreign official                                                           5,172   -        1   -       69 
    Other (12)                                                      (0)       34,050   +    6,257   +   24,441 
  Deferred availability cash items                                  (0)        1,390   +      993   +      792 
  Other liabilities and accrued dividends (13)                                 6,823   +      200   +      270 
                                                                                                               
Total liabilities                                                   (0)    4,442,763   -   10,106   +   18,619 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,077   +       89   +    1,249 
  Surplus                                                                     10,000            0   -   18,828 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,077   +       89   -   17,579 

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.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 30, 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         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,876          48          85          130         133         299         180         279          25          57         152         183         306
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,412,953     111,866   2,649,130      109,757     106,097     239,682     248,502     163,978      46,020      26,842      57,331     142,155     511,595
    Securities held outright (1)               4,243,666     107,575   2,547,523      105,547     102,028     230,489     238,970     157,671      44,255      25,808      55,127     136,702     491,970
      U.S. Treasury securities                 2,461,326      62,393   1,477,564       61,217      59,176     133,683     138,602      91,449      25,668      14,969      31,974      79,287     285,343
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,326      62,393   1,477,564       61,217      59,176     133,683     138,602      91,449      25,668      14,969      31,974      79,287     285,343
      Federal agency debt securities (2)          29,257         742      17,563          728         703       1,589       1,648       1,087         305         178         380         942       3,392
      Mortgage-backed securities (4)           1,753,082      44,440   1,052,396       43,602      42,148      95,216      98,720      65,135      18,282      10,662      22,773      56,473     203,236
    Unamortized premiums on securities held 
      outright (5)                               185,557       4,704     111,392        4,615       4,461      10,078      10,449       6,894       1,935       1,128       2,410       5,977      21,512
    Unamortized discounts on securities     
      held outright (5)                          -16,301        -413      -9,786         -405        -392        -885        -918        -606        -170         -99        -212        -525      -1,890
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             32           1           0            0           0           0           1          18           0           5           4           0           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     142           0           0            0           0           0         141           0           0           1           0           0           0
  Bank premises                                    2,226         121         434           74         105         209         206         202         116          91         241         226         199
  Central bank liquidity swaps (8)                    48           2          15            3           4          11           3           1           0           0           1           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,681         938       6,668        1,155       1,612       4,745       1,177         555         193          87         218         298       3,036
  Other assets (10)                               26,956         718      15,617          679         657       1,669       1,532       1,012         350         188         397         992       3,145
  Interdistrict settlement account                     0  -   33,388  -  189,381   +   12,927  +   21,659  +   40,650  +   12,668  +   13,655  +   11,966  +    7,999  +    2,319  +   25,637  +   73,287
                                                                                                                                                                                                         
Total assets                                   4,482,840      80,848   2,489,817      125,275     131,009     288,460     266,663     180,840      59,120      35,526      61,099     170,664     593,519

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 30, 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            1,566,639      49,253     497,678      49,137      81,753     108,414     222,986     105,512      50,818      27,050      39,990     130,163     203,885
    Less: Notes held by F.R. Banks               168,997       5,333      58,747       5,902       8,675      11,357      22,776      10,461       4,805       2,349       4,609      12,506      21,477
      Federal Reserve notes, net               1,397,642      43,920     438,931      43,235      73,078      97,057     200,210      95,050      46,013      24,700      35,381     117,657     182,409
  Reverse repurchase agreements (11)             369,688       9,371     221,928       9,195       8,888      20,079      20,818      13,736       3,855       2,248       4,802      11,909      42,858
  Deposits                                     2,667,221      25,599   1,812,441      70,414      45,780     161,826      42,908      70,237       8,702       6,966      20,378      40,336     361,634
    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                           2,336,086      25,593   1,488,549      70,411      45,777     161,696      42,899      63,167       8,694       6,966      20,376      40,334     361,623
    U.S. Treasury, General Account               291,912           0     291,912           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,172           2       5,145           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    34,050           4      26,835           0           0         122           7       7,068           8           0           1           1           5
  Deferred availability cash items                 1,390           0           0           0           0           0          89           0           0       1,300           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,954          50       1,140          53          55         125         120          71          13          12          26          64         224
  Other liabilities and accrued             
     dividends                                     4,868         161       2,255         198         196         566         311         244         123         129         116         191         379
                                                                                                                                                                                                        
Total liabilities                              4,442,763      79,101   2,476,696     123,093     127,997     279,654     264,456     179,338      58,706      35,357      60,704     170,157     587,504
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,077       1,305       9,822       1,631       2,250       6,575       1,652       1,234         312         127         295         381       4,494
  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                  4,482,840      80,848   2,489,817     125,275     131,009     288,460     266,663     180,840      59,120      35,526      61,099     170,664     593,519

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 30, 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.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Mar 30, 2016  

Federal Reserve notes outstanding                                                            1,566,639  
  Less: Notes held by F.R. Banks not subject to collateralization                              168,997  
    Federal Reserve notes to be collateralized                                               1,397,642  
Collateral held against Federal Reserve notes                                                1,397,642  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,381,405  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,666  
  Less: Face value of securities under reverse repurchase agreements                           339,486  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,904,180  

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.