FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 16, 2017


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  Feb 15, 2017 
Federal Reserve Banks                                     Feb 15, 2017  Feb 8, 2017 Feb 17, 2016              

Reserve Bank credit                                         4,424,493   +    7,769   -   34,581    4,416,266  
  Securities held outright (1)                              4,232,038   +    7,786   -   19,235    4,237,975  
    U.S. Treasury securities                                2,463,442   +       10   +    2,333    2,463,446  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,382            0   -    5,257    2,341,382  
      Notes and bonds, inflation-indexed (2)                  104,930            0   +    6,396      104,930  
      Inflation compensation (3)                               17,130   +       10   +    1,194       17,133  
    Federal agency debt securities (2)                         15,601   -      579   -   15,717       14,829  
    Mortgage-backed securities (4)                          1,752,994   +    8,354   -    5,852    1,759,700  
  Unamortized premiums on securities held outright (5)        170,940   -       79   -   16,692      170,972  
  Unamortized discounts on securities held outright (5)       -15,037   +       14   +    1,324      -15,061  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            11   -        6   -       40           15  
    Primary credit                                                  6   -        8   -       34           11  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 5   +        2   -        5            4  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       17        1,705  
  Float                                                          -317   -       36   -      233         -342  
  Central bank liquidity swaps (8)                                236   -       29   +      138          236  
  Other Federal Reserve assets (9)                             34,917   +      120   +      174       20,765  
Foreign currency denominated assets (10)                       19,830   -      253   -      701       19,756  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,620   +       14   +      986       48,620  
                                                                                                              
Total factors supplying reserve funds                       4,509,183   +    7,529   -   34,297    4,500,882  

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  Feb 15, 2017 
Federal Reserve Banks                                     Feb 15, 2017  Feb 8, 2017 Feb 17, 2016              

Currency in circulation (11)                                 1,506,719   +    4,440   +   82,414    1,508,844 
Reverse repurchase agreements (12)                             338,437   -   36,665   +   48,704      363,909 
  Foreign official and international accounts                  253,062   -    1,547   +    2,221      258,786 
  Others                                                        85,375   -   35,119   +   46,484      105,123 
Treasury cash holdings                                             231   -        1   -       11          239 
Deposits with F.R. Banks, other than reserve balances          368,366   +   12,551   +   65,580      326,750 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               309,919   +    4,184   +   43,159      274,178 
  Foreign official                                               5,174   +        8   -       69        5,182 
  Other (13)                                                    53,272   +    8,359   +   22,488       47,391 
Other liabilities and capital (14)                              48,518   +    1,013   +      465       46,870 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,262,271   -   18,662   +  197,152    2,246,612 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,246,912   +   26,191   -  231,449    2,254,271 

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  Feb 15, 2017 
                                                          Feb 15, 2017  Feb 8, 2017 Feb 17, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,169,118   +       21   -   86,101    3,180,908 
  Marketable U.S. Treasury securities (1)                    2,847,470   -    3,544   -   95,638    2,854,818 
  Federal agency debt and mortgage-backed securities (2)       259,210   +    3,433   -    4,441      263,448 
  Other securities (3)                                          62,438   +      132   +   13,979       62,641 
Securities lent to dealers                                      16,929   +    1,152   +    3,849       18,166 
  Overnight facility (4)                                        16,929   +    1,152   +    3,849       18,166 
    U.S. Treasury securities                                    16,881   +    1,152   +    3,852       18,117 
    Federal agency debt securities                                  48            0   -        3           49 

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, February 15, 2017   

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                                           15             0             0             0             0           ...            15 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,175        48,558       163,208     1,240,508       363,532       634,466     2,463,446 
  Weekly changes                        +    6,016    +    7,309    -    3,919    +   30,341    -   44,129    +    4,393    +       10 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,500         2,995         5,943         2,044             0         2,347        14,829 
  Weekly changes                        -    1,351    +    1,495    -    1,495             0             0             0    -    1,351 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           132        11,263     1,748,306     1,759,700 
  Weekly changes                                 0             0             0    -        2    -       34    +   15,095    +   15,058 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               236             0             0             0             0             0           236 
                                                                                                                                       
Reverse repurchase agreements (4)          363,909             0           ...           ...           ...           ...       363,909 
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   
                                                                                                                      Feb 15, 2017  

Mortgage-backed securities held outright (1)                                                                             1,759,700  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           33,052  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   49  



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   
                                                                                                                      Feb 15, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,705  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 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       Feb 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Feb 8, 2017 Feb 17, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,970   +        9   -       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,393,901   +   13,742   -   26,444  
    Securities held outright (1)                                          4,237,975   +   13,717   -   11,194  
      U.S. Treasury securities                                            2,463,446   +       10   +    2,366  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,341,382            0   -    5,257  
        Notes and bonds, inflation-indexed (2)                              104,930            0   +    6,396  
        Inflation compensation (3)                                           17,133   +        9   +    1,226  
      Federal agency debt securities (2)                                     14,829   -    1,351   -   16,489  
      Mortgage-backed securities (4)                                      1,759,700   +   15,058   +    2,929  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,972   +       41   -   16,496  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,061   -       21   +    1,304  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        15   +        4   -       58  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705            0   -       16  
  Items in process of collection                                   (0)          106   +       25   -       85  
  Bank premises                                                               2,199            0   -       32  
  Central bank liquidity swaps (8)                                              236   -       29   +      138  
  Foreign currency denominated assets (9)                                    19,756   -      300   -      604  
  Other assets (10)                                                          18,566   -   15,007   -    1,884  
                                                                                                               
Total assets                                                       (0)    4,454,676   -    1,560   -   28,953  

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       Feb 15, 2017   Wednesday    Wednesday  
                                                        consolidation                 Feb 8, 2017 Feb 17, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,462,429   +    3,529   +   79,784 
  Reverse repurchase agreements (11)                                         363,909   -   10,441   +   65,163 
  Deposits                                                          (0)    2,581,021   +    5,936   -  174,795 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,254,271   +   16,811   -  235,750 
    U.S. Treasury, General Account                                           274,178   -   12,857   +   31,828 
    Foreign official                                                           5,182   +       17   -       56 
    Other (12)                                                      (0)       47,391   +    1,967   +   29,184 
  Deferred availability cash items                                  (0)          447   +       63   +      133 
  Other liabilities and accrued dividends (13)                                 6,365   -      651   -      225 
                                                                                                               
Total liabilities                                                   (0)    4,414,171   -    1,563   -   29,939 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,505   +        2   +      986 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,505   +        2   +      986 

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, February 15, 2017
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                                             1,970          55          76          165         139         308         201         292          34          54         122         205         319
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,393,901     107,937   2,500,416      119,304     131,589     268,527     245,922     175,078      55,457      32,394      61,151     156,399     539,727
    Securities held outright (1)               4,237,975     104,107   2,411,692      115,070     126,920     258,998     237,196     168,862      53,487      31,245      58,982     150,850     520,567
      U.S. Treasury securities                 2,463,446      60,515   1,401,866       66,888      73,776     150,550     137,877      98,156      31,091      18,162      34,285      87,686     302,595
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,446      60,515   1,401,866       66,888      73,776     150,550     137,877      98,156      31,091      18,162      34,285      87,686     302,595
      Federal agency debt securities (2)          14,829         364       8,439          403         444         906         830         591         187         109         206         528       1,822
      Mortgage-backed securities (4)           1,759,700      43,227   1,001,388       47,780      52,700     107,542      98,489      70,115      22,209      12,973      24,490      62,636     216,151
    Unamortized premiums on securities held 
      outright (5)                               170,972       4,200      97,294        4,642       5,120      10,449       9,569       6,812       2,158       1,261       2,379       6,086      21,001
    Unamortized discounts on securities     
      held outright (5)                          -15,061        -370      -8,571         -409        -451        -920        -843        -600        -190        -111        -210        -536      -1,850
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             15           0           0            0           0           0           0           4           2           0           0           0           9
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,705           0       1,705            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     106           0           0            0           0           0         105           0           0           1           0           0           0
  Bank premises                                    2,199         118         436           72         108         203         205         200         113          89         238         222         196
  Central bank liquidity swaps (8)                   236          10          78           13          18          53          13           6           2           1           2           3          36
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,756         873       6,519        1,087       1,505       4,406       1,097         529         203          84         197         250       3,005
  Other assets (10)                               18,566         498      10,052          514         564       1,316       1,051         739         334         159         320         747       2,274
  Interdistrict settlement account                     0  -   19,150  -   21,781   -    2,635  -   10,367  -   12,138  +   12,297  +    8,730  +    4,823  +    2,350  +    4,777  +   21,756  +   11,338
                                                                                                                                                                                                         
Total assets                                   4,454,676      90,892   2,502,906      119,088     124,378     263,846     263,087     186,752      61,475      35,415      67,257     180,740     558,839

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, February 15, 2017 (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            1,649,623      54,666     533,306      52,771      81,622     118,944     224,374     111,619      49,196      28,970      46,260     137,288     210,605
    Less: Notes held by F.R. Banks               187,194       6,153      50,434       6,811       9,943      14,304      26,224      12,618       5,331       3,518       5,907      16,860      29,091
      Federal Reserve notes, net               1,462,429      48,513     482,873      45,960      71,679     104,640     198,150      99,001      43,866      25,452      40,353     120,428     181,513
  Reverse repurchase agreements (11)             363,909       8,940     207,089       9,881      10,898      22,240      20,368      14,500       4,593       2,683       5,065      12,953      44,700
  Deposits                                     2,581,021      31,496   1,796,620      60,857      38,294     127,717      41,743      71,247      12,420       6,601      21,303      46,573     326,150
    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                           2,254,271      31,488   1,485,859      60,855      38,291     127,496      41,734      55,530      12,402       6,601      21,301      46,572     326,142
    U.S. Treasury, General Account               274,178           0     274,178           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,182           2       5,155           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    47,391           6      31,428           0           0         213           7      15,715          18           0           1           0           2
  Deferred availability cash items                   447           0           0           0           0           0          77           0           0         371           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,150          18         776          15          18          10          71          33          11          10          11          53         125
  Other liabilities and accrued             
     dividends                                     5,215         172       2,557         198         189         490         323         278         139         127         131         213         399
                                                                                                                                                                                                        
Total liabilities                              4,414,171      89,138   2,489,914     116,912     121,079     255,096     260,732     185,058      61,028      35,244      66,862     180,221     552,888
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,505       1,320       9,790       1,639       2,485       6,589       1,771       1,275         338         129         298         392       4,479
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,454,676      90,892   2,502,906     119,088     124,378     263,846     263,087     186,752      61,475      35,415      67,257     180,740     558,839

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, February 15, 2017 (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   
                                                                                          Feb 15, 2017  

Federal Reserve notes outstanding                                                            1,649,623  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,194  
    Federal Reserve notes to be collateralized                                               1,462,429  
Collateral held against Federal Reserve notes                                                1,462,429  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,446,192  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,975  
  Less: Face value of securities under reverse repurchase agreements                           355,624  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,882,351  

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.