FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  January 7, 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   Jan 6, 2016 
Federal Reserve Banks                                      Jan 6, 2016 Dec 30, 2015  Jan 7, 2015              

Reserve Bank credit                                         4,447,201   -    7,451   -   11,921    4,448,464  
  Securities held outright (1)                              4,241,943   -    5,923   +    5,150    4,241,916  
    U.S. Treasury securities                                2,461,535   -       23   +      257    2,461,505  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       73    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,363   -       22   +      265       16,333  
    Federal agency debt securities (2)                         32,944            0   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,747,464   -    5,901   +   10,626    1,747,467  
  Unamortized premiums on securities held outright (5)        189,373   -      460   -   17,236      189,170  
  Unamortized discounts on securities held outright (5)       -16,561   +       25   +    1,814      -16,544  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           104   -      129   +       45          151  
    Primary credit                                                 65   -       96   +       24          133  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                39   -       33   +       22           18  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,717   +        1   +       39        1,717  
  Float                                                           -93   +      118   +      482         -163  
  Central bank liquidity swaps (8)                                997            0   -      531          997  
  Other Federal Reserve assets (9)                             29,720   -    1,085   -    1,685       31,219  
Foreign currency denominated assets (10)                       19,639   -       98   -    1,233       19,667  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,581   +       14   +    1,229       47,581  
                                                                                                              
Total factors supplying reserve funds                       4,530,661   -    7,536   -   11,927    4,531,953  

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   Jan 6, 2016 
Federal Reserve Banks                                      Jan 6, 2016 Dec 30, 2015  Jan 7, 2015              

Currency in circulation (11)                                 1,424,316   +      577   +   83,174    1,421,914 
Reverse repurchase agreements (12)                             572,213   +  167,799   +  228,060      344,965 
  Foreign official and international accounts                  230,179   +   15,005   +  122,859      218,381 
  Others                                                       342,034   +  152,794   +  105,201      126,584 
Treasury cash holdings                                             268   +       12   +       66          278 
Deposits with F.R. Banks, other than reserve balances          366,387   +   21,377   +  172,537      365,643 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               333,220   +   42,753   +  156,403      337,737 
  Foreign official                                               5,232   -      148   +       16        5,241 
  Other (13)                                                    27,935   -   21,228   +   16,118       22,665 
Other liabilities and capital (14)                              45,823   -   12,715   -   16,821       45,652 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,409,007   +  177,051   +  467,017    2,178,452 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,121,654   -  184,587   -  478,944    2,353,501 

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   Jan 6, 2016 
                                                           Jan 6, 2016 Dec 30, 2015  Jan 7, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,311,786   -   12,125   +   10,963    3,296,085 
  Marketable U.S. Treasury securities (1)                    2,996,471   -   12,002   +   28,292    2,980,865 
  Federal agency debt and mortgage-backed securities (2)       268,697   -       71   -   22,209      268,730 
  Other securities (3)                                          46,617   -       53   +    4,879       46,490 
Securities lent to dealers                                      16,928   +    1,124   +    6,209       13,310 
  Overnight facility (4)                                        16,928   +    1,124   +    6,209       13,310 
    U.S. Treasury securities                                    16,792   +    1,108   +    6,693       13,200 
    Federal agency debt securities                                 135   +       15   -      484          110 

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, January 6, 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                                          134            18             0             0             0           ...           151 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        62,206       153,907     1,118,342       489,219       637,831     2,461,505 
  Weekly changes                                 0    +   23,587    -   11,887    -    5,949    -    5,768    -       32    -       49 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,626         2,061        13,077        13,833             0         2,347        32,944 
  Weekly changes                        +    1,626    -    1,626             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           613         9,130     1,737,724     1,747,467 
  Weekly changes                                 0             0             0    +      146    +      117    -      263             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               997             0             0             0             0             0           997 
                                                                                                                                       
Reverse repurchase agreements (4)          344,965             0           ...           ...           ...           ...       344,965 
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   
                                                                                                                       Jan 6, 2016  

Mortgage-backed securities held outright (1)                                                                             1,747,467  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           27,417  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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   
                                                                                                                       Jan 6, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,717  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 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        Jan 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 30, 2015  Jan 7, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,893   +        6   +       17  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,414,694   -      870   -   10,171  
    Securities held outright (1)                                          4,241,916   -       49   +    5,176  
      U.S. Treasury securities                                            2,461,505   -       49   +      281  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,333   -       48   +      290  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,747,467            0   +   10,628  
    Unamortized premiums on securities held outright  
    (5)                                                                     189,170   -      369   -   17,295  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,544   +       31   +    1,819  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       151   -      484   +      128  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,717            0   +       39  
  Items in process of collection                                   (0)          181   +       28   +       14  
  Bank premises                                                               2,235   -        9   -       25  
  Central bank liquidity swaps (8)                                              997            0   -      531  
  Foreign currency denominated assets (9)                                    19,667   -       90   -    1,035  
  Other assets (10)                                                          28,984   +      955   -    1,227  
                                                                                                               
Total assets                                                       (0)    4,486,606   +       19   -   12,918  

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        Jan 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 30, 2015  Jan 7, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,376,501   -    4,258   +   82,800 
  Reverse repurchase agreements (11)                                         344,965   -  153,554   +  103,528 
  Deposits                                                          (0)    2,719,144   +  158,474   -  181,869 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,353,501   +  144,818   -  356,772 
    U.S. Treasury, General Account                                           337,737   +   12,891   +  161,374 
    Foreign official                                                           5,241   +       10   +       30 
    Other (12)                                                      (0)       22,665   +      755   +   13,499 
  Deferred availability cash items                                  (0)          344   +       60   -      454 
  Other liabilities and accrued dividends (13)                                 6,147   -      756   +      721 
                                                                                                               
Total liabilities                                                   (0)    4,447,101   -       35   +    4,725 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,505   +       54   +      931 
  Surplus                                                                     10,000            0   -   18,574 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,505   +       54   -   17,643 

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, January 6, 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                                             1,893          45          74          132         133         303         184         284          29          51         150         197         312
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,414,694     111,907   2,650,103      109,797     106,136     239,770     248,597     164,024      46,046      26,852      57,474     142,207     511,781
    Securities held outright (1)               4,241,916     107,530   2,546,473      105,503     101,986     230,394     238,871     157,606      44,237      25,798      55,105     136,646     491,767
      U.S. Treasury securities                 2,461,505      62,398   1,477,671       61,222      59,180     133,693     138,612      91,456      25,670      14,970      31,976      79,293     285,364
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,505      62,398   1,477,671       61,222      59,180     133,693     138,612      91,456      25,670      14,970      31,976      79,293     285,364
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,747,467      44,297   1,049,025       43,462      42,013      94,911      98,403      64,926      18,223      10,627      22,701      56,292     202,585
    Unamortized premiums on securities held 
      outright (5)                               189,170       4,795     113,561        4,705       4,548      10,275      10,653       7,029       1,973       1,150       2,457       6,094      21,931
    Unamortized discounts on securities     
      held outright (5)                          -16,544        -419      -9,931         -411        -398        -899        -932        -615        -173        -101        -215        -533      -1,918
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            151           0           0            0           0           0           5           4           9           5         127           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,717           0       1,717            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     181           1           0            0           0           0         179           0           0           0           0           0           0
  Bank premises                                    2,235         125         436           75         106         211         207         204         118          92         240         226         197
  Central bank liquidity swaps (8)                   997          45         321           56          78         229          57          27           9           4          10          14         146
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,667         892       6,341        1,099       1,533       4,512       1,119         528         183          83         207         283       2,887
  Other assets (10)                               28,984         772      16,909          730         710       1,761       1,656       1,096         379         207         422         961       3,381
  Interdistrict settlement account                     0  -   19,989  -  112,530   +    8,438  +   21,183  +   13,385  +    3,427  +    9,955  +   11,670  +    5,606  +    4,100  +   15,475  +   39,279
                                                                                                                                                                                                         
Total assets                                   4,486,606      94,340   2,568,899      120,877     130,621     261,365     257,679     177,276      58,883      33,156      63,045     160,537     559,928

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, January 6, 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            1,549,179      49,616     498,506      49,469      82,857     106,737     218,387     103,066      51,686      26,853      40,771     125,471     195,761
    Less: Notes held by F.R. Banks               172,679       5,187      64,197       5,442       8,731      11,169      20,447       9,759       4,516       2,653       4,542      13,134      22,900
      Federal Reserve notes, net               1,376,501      44,429     434,309      44,027      74,125      95,568     197,940      93,306      47,170      24,200      36,229     112,337     172,861
  Reverse repurchase agreements (11)             344,965       8,745     207,087       8,580       8,294      18,736      19,426      12,817       3,597       2,098       4,481      11,112      39,992
  Deposits                                     2,719,144      39,231   1,911,371      65,878      44,954     137,655      37,483      69,783       7,582       6,437      21,803      36,342     340,624
    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                           2,353,501      39,227   1,553,116      65,876      44,951     137,524      37,474      62,569       7,574       6,437      21,802      36,338     340,614
    U.S. Treasury, General Account               337,737           0     337,737           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,241           2       5,214           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    22,665           2      15,304           0           0         122           7       7,213           7           0           1           3           5
  Deferred availability cash items                   344           0           0           0           0           0         231           0           0         113           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,714          43       1,040          40          39          86         105          62          17          10          21          58         193
  Other liabilities and accrued             
     dividends                                     4,433         135       2,135         169         181         446         286         247         122         130         110         172         300
                                                                                                                                                                                                        
Total liabilities                              4,447,101      92,583   2,555,941     118,695     127,593     252,492     255,471     176,216      58,487      32,988      62,645     160,020     553,970
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,505       1,304       9,735       1,624       2,248       6,579       1,639         791         303         126         295         373       4,490
  Surplus                                         10,000         453       3,223         559         780       2,295         569         269          93          42         105         144       1,469
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,486,606      94,340   2,568,899     120,877     130,621     261,365     257,679     177,276      58,883      33,156      63,045     160,537     559,928

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, January 6, 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   
                                                                                           Jan 6, 2016  

Federal Reserve notes outstanding                                                            1,549,179  
  Less: Notes held by F.R. Banks not subject to collateralization                              172,679  
    Federal Reserve notes to be collateralized                                               1,376,501  
Collateral held against Federal Reserve notes                                                1,376,501  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,360,264  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,241,916  
  Less: Face value of securities under reverse repurchase agreements                           332,243  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,909,673  

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.