FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 26, 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  May 25, 2016 
Federal Reserve Banks                                     May 25, 2016 May 18, 2016 May 27, 2015              

Reserve Bank credit                                         4,431,286   -   15,740   -    6,903    4,422,096  
  Securities held outright (1)                              4,238,016   -    7,648   +    8,290    4,229,807  
    U.S. Treasury securities                                2,461,765   +       87   +    1,173    2,461,637  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,263   -       29   -    4,380    2,342,092  
      Notes and bonds, inflation-indexed (2)                  103,134            0   +    4,600      103,134  
      Inflation compensation (3)                               16,368   +      115   +      953       16,411  
    Federal agency debt securities (2)                         25,096   -    1,714   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,751,154   -    6,022   +   17,915    1,743,074  
  Unamortized premiums on securities held outright (5)        182,728   -      554   -   17,355      182,397  
  Unamortized discounts on securities held outright (5)       -16,111   -       30   +    1,585      -16,089  
  Repurchase agreements (6)                                        87   +       87   +       87          610  
  Loans                                                            84   +        7   -       13          120  
    Primary credit                                                  7            0   +        5           37  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                77   +        8   -       18           83  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       16        1,713  
  Float                                                          -145   +       35   +      271         -130  
  Central bank liquidity swaps (8)                              1,006            0   +    1,004        1,006  
  Other Federal Reserve assets (9)                             23,908   -    7,637   -      789       22,663  
Foreign currency denominated assets (10)                       20,711   -      219   +    1,040       20,667  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,819   +       14   +      960       47,819  
                                                                                                              
Total factors supplying reserve funds                       4,516,057   -   15,945   -    4,904    4,506,823  

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  May 25, 2016 
Federal Reserve Banks                                     May 25, 2016 May 18, 2016 May 27, 2015              

Currency in circulation (11)                                 1,452,124   +      674   +   83,707    1,454,362 
Reverse repurchase agreements (12)                             309,852   +   32,934   +   40,596      311,723 
  Foreign official and international accounts                  246,152   -    3,442   +   91,927      245,926 
  Others                                                        63,700   +   36,376   -   51,331       65,797 
Treasury cash holdings                                             104   -        3   -       69          112 
Deposits with F.R. Banks, other than reserve balances          374,047   +   34,532   +   67,663      354,450 
  Term deposits held by depository institutions                 66,820   +   66,820   -   13,099       66,820 
  U.S. Treasury, General Account                               268,619   -   26,720   +   93,042      257,092 
  Foreign official                                               5,179   -        9   -       77        5,179 
  Other (13)                                                    33,429   -    5,559   -   12,204       25,359 
Other liabilities and capital (14)                              47,393   -      405   -   18,547       46,189 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,183,520   +   67,732   +  173,350    2,166,836 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,332,537   -   83,677   -  178,254    2,339,987 

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  May 25, 2016 
                                                          May 25, 2016 May 18, 2016 May 27, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,218,126   -    1,746   -  108,616    3,220,721 
  Marketable U.S. Treasury securities (1)                    2,903,709   -      524   -   90,087    2,906,360 
  Federal agency debt and mortgage-backed securities (2)       265,704   -      983   -   22,082      264,823 
  Other securities (3)                                          48,712   -      241   +    3,551       49,539 
Securities lent to dealers                                      21,404   +    4,772   +   10,586       24,622 
  Overnight facility (4)                                        21,404   +    4,772   +   10,586       24,622 
    U.S. Treasury securities                                    21,389   +    4,773   +   10,847       24,604 
    Federal agency debt securities                                  15            0   -      260           18 

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, May 25, 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                                          105            15             0             0             0           ...           120 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  25,248        30,731       135,441     1,192,946       441,232       636,039     2,461,637 
  Weekly changes                                 0    +        4    +        3    -      182    +       18    +       72    -       84 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,604        13,658         6,487             0         2,347        25,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           885         9,189     1,733,000     1,743,074 
  Weekly changes                                 0             0             0    -       21    -      169    -   11,468    -   11,659 
Repurchase agreements (4)                      610             0           ...           ...           ...           ...           610 
Central bank liquidity swaps (5)             1,006             0             0             0             0             0         1,006 
                                                                                                                                       
Reverse repurchase agreements (4)          311,723             0           ...           ...           ...           ...       311,723 
Term deposits                               66,820             0             0           ...           ...           ...        66,820 

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   
                                                                                                                      May 25, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,074  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           28,940  
Commitments to sell mortgage-backed securities (2)                                                                              99  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   46  



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   
                                                                                                                      May 25, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
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 March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 25, 2016   Wednesday    Wednesday  
                                                        consolidation                May 18, 2016 May 27, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,837   -       21   +       47  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,396,845   -   11,735   -    4,184  
    Securities held outright (1)                                          4,229,807   -   11,743   +   10,839  
      U.S. Treasury securities                                            2,461,637   -       84   +      998  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,092   -      200   -    4,551  
        Notes and bonds, inflation-indexed (2)                              103,134            0   +    4,600  
        Inflation compensation (3)                                           16,411   +      116   +      949  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,074   -   11,659   +   20,640  
    Unamortized premiums on securities held outright  
    (5)                                                                     182,397   -      694   -   17,249  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,089   +       46   +    1,592  
    Repurchase agreements (6)                                                   610   +      610   +      610  
    Loans                                                                       120   +       46   +       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       16  
  Items in process of collection                                   (0)          144   -       35   +       51  
  Bank premises                                                               2,220            0   -       21  
  Central bank liquidity swaps (8)                                            1,006            0   +    1,004  
  Foreign currency denominated assets (9)                                    20,667   -      177   +    1,233  
  Other assets (10)                                                          20,442   -      662   -    1,017  
                                                                                                               
Total assets                                                       (0)    4,461,111   -   12,630   -    2,870  

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       May 25, 2016   Wednesday    Wednesday  
                                                        consolidation                May 18, 2016 May 27, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,408,488   +    1,905   +   83,609 
  Reverse repurchase agreements (11)                                         311,723   -    1,148   +   33,086 
  Deposits                                                          (0)    2,694,437   -   12,791   -  100,087 
    Term deposits held by depository institutions                             66,820   +   66,820   -   13,099 
    Other deposits held by depository institutions                         2,339,987   -   59,642   -  196,933 
    U.S. Treasury, General Account                                           257,092   -   20,197   +   93,511 
    Foreign official                                                           5,179   -       24   -       53 
    Other (12)                                                      (0)       25,359   +      252   +   16,487 
  Deferred availability cash items                                  (0)          275   -      116   -      571 
  Other liabilities and accrued dividends (13)                                 6,095   -      506   -      764 
                                                                                                               
Total liabilities                                                   (0)    4,421,018   -   12,655   +   15,272 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,094   +       26   +      976 
  Surplus                                                                     10,000            0   -   19,118 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,094   +       26   -   18,142 

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, May 25, 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                                             1,837          52          64          130         134         295         175         272          23          54         146         183         309
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,396,845     108,008   2,502,032      119,381     131,675     268,700     246,084     175,197      55,531      32,433      61,238     156,500     540,067
    Securities held outright (1)               4,229,807     103,906   2,407,044      114,849     126,676     258,499     236,739     168,536      53,384      31,185      58,868     150,559     519,564
      U.S. Treasury securities                 2,461,637      60,471   1,400,836       66,839      73,722     150,440     137,776      98,084      31,068      18,149      34,260      87,621     302,372
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,637      60,471   1,400,836       66,839      73,722     150,440     137,776      98,084      31,068      18,149      34,260      87,621     302,372
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,743,074      42,819     991,926       47,328      52,202     106,526      97,558      69,453      21,999      12,851      24,259      62,044     214,109
    Unamortized premiums on securities held 
      outright (5)                               182,397       4,481     103,796        4,952       5,462      11,147      10,209       7,268       2,302       1,345       2,538       6,492      22,405
    Unamortized discounts on securities     
      held outright (5)                          -16,089        -395      -9,156         -437        -482        -983        -900        -641        -203        -119        -224        -573      -1,976
    Repurchase agreements (6)                        610          15         347           17          18          37          34          24           8           4           8          22          75
    Loans                                            120           1           1            0           0           0           3          10          40          17          47           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     144           0           0            0           0           0         144           0           0           1           0           0           0
  Bank premises                                    2,220         121         431           74         105         208         207         203         116          90         241         225         198
  Central bank liquidity swaps (8)                 1,006          44         332           55          77         224          56          27          10           4          10          13         153
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,667         913       6,820        1,137       1,574       4,609       1,147         554         212          88         206         262       3,144
  Other assets (10)                               20,442         532      11,081          555         608       1,402       1,150         822         456         172         325         826       2,513
  Interdistrict settlement account                     0  -   21,895  +   40,125   -    1,351  -   11,553  -   27,350  +    6,831  +   14,581  +      259  -    1,156  -    2,089  +    8,215  -    4,616
                                                                                                                                                                                                         
Total assets                                   4,461,111      88,327   2,568,004      120,550     123,444     249,260     257,989     192,832      57,117      31,969      60,527     167,382     543,713

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, May 25, 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            1,578,891      49,269     503,914      49,453      81,759     108,994     222,835     106,442      50,834      27,224      40,038     131,453     206,677
    Less: Notes held by F.R. Banks               170,403       5,190      55,494       5,868       9,101      11,710      24,721       9,828       4,971       2,678       4,934      13,084      22,822
      Federal Reserve notes, net               1,408,488      44,078     448,420      43,585      72,658      97,284     198,114      96,614      45,863      24,546      35,104     118,369     183,855
  Reverse repurchase agreements (11)             311,723       7,658     177,391       8,464       9,336      19,051      17,447      12,421       3,934       2,298       4,338      11,096      38,290
  Deposits                                     2,694,437      34,658   1,926,098      66,113      38,183     123,564      39,744      81,996       6,754       4,602      20,545      37,153     315,027
    Term deposits held by depository        
        institutions                              66,820          25      30,896      19,000          75           8           0       5,810           0           0       3,000           5       8,001
    Other deposits held by depository       
        institutions                           2,339,987      34,621   1,615,234      47,111      38,105     123,344      39,735      68,784       6,746       4,601      17,544      37,147     307,014
    U.S. Treasury, General Account               257,092           0     257,092           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,179           2       5,152           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    25,359           9      17,725           0           0         203           7       7,400           7           0           1           1           5
  Deferred availability cash items                   275           0           0           0           0           0          64           0           0         210           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,233          26         742          26          28          41          78          48          17          12          17          52         145
  Other liabilities and accrued             
     dividends                                     4,862         160       2,217         200         202         516         324         265         131         131         126         202         389
                                                                                                                                                                                                        
Total liabilities                              4,421,018      86,580   2,554,868     118,388     120,406     240,456     255,771     191,343      56,699      31,798      60,130     166,872     537,705
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,094       1,305       9,837       1,612       2,276       6,573       1,663       1,220         315         128         296         383       4,486
  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                  4,461,111      88,327   2,568,004     120,550     123,444     249,260     257,989     192,832      57,117      31,969      60,527     167,382     543,713

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, May 25, 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   
                                                                                          May 25, 2016  

Federal Reserve notes outstanding                                                            1,578,891  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,403  
    Federal Reserve notes to be collateralized                                               1,408,488  
Collateral held against Federal Reserve notes                                                1,408,488  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,392,252  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,417  
  Less: Face value of securities under reverse repurchase agreements                           287,911  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,942,506  

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.