FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 19, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 18, 2016 
Federal Reserve Banks                                     May 18, 2016 May 11, 2016 May 20, 2015              

Reserve Bank credit                                         4,447,026   +    8,858   +    3,841    4,434,411  
  Securities held outright (1)                              4,245,664   +   12,178   +   12,413    4,241,550  
    U.S. Treasury securities                                2,461,678   +      116   +    1,248    2,461,721  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,292            0   -    4,351    2,342,292  
      Notes and bonds, inflation-indexed (2)                  103,134            0   +    4,600      103,134  
      Inflation compensation (3)                               16,253   +      116   +      999       16,295  
    Federal agency debt securities (2)                         26,810   -      286   -    9,085       25,096  
    Mortgage-backed securities (4)                          1,757,176   +   12,349   +   20,250    1,754,733  
  Unamortized premiums on securities held outright (5)        183,282   +       57   -   17,311      183,091  
  Unamortized discounts on securities held outright (5)       -16,081   -       18   +    1,651      -16,135  
  Repurchase agreements (6)                                         0            0   -      120            0  
  Loans                                                            77   -        8   -       16           74  
    Primary credit                                                  7   -       21   +        3            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                69   +       12   -       20           69  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713   -        1   +       16        1,713  
  Float                                                          -180   -       17   +      244         -211  
  Central bank liquidity swaps (8)                              1,006   +      835   +    1,006        1,006  
  Other Federal Reserve assets (9)                             31,545   -    4,168   +    5,960       23,324  
Foreign currency denominated assets (10)                       20,930   -      226   +      780       20,844  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,805   +       14   +      970       47,805  
                                                                                                              
Total factors supplying reserve funds                       4,532,002   +    8,646   +    5,591    4,519,301  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 18, 2016 
Federal Reserve Banks                                     May 18, 2016 May 11, 2016 May 20, 2015              

Currency in circulation (11)                                 1,451,450   +       40   +   87,256    1,452,431 
Reverse repurchase agreements (12)                             276,918   +    9,018   +   20,893      312,871 
  Foreign official and international accounts                  249,594   +   10,396   +   95,270      248,951 
  Others                                                        27,324   -    1,377   -   74,376       63,920 
Treasury cash holdings                                             107   -       22   -       88          102 
Deposits with F.R. Banks, other than reserve balances          339,515   -   14,227   +  135,022      307,598 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               295,339   -   20,030   +  113,698      277,289 
  Foreign official                                               5,188   +       14   -       51        5,203 
  Other (13)                                                    38,988   +    5,789   +   21,374       25,107 
Other liabilities and capital (14)                              47,798   -      698   -   18,588       46,669 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,115,788   -    5,889   +  224,495    2,119,672 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,416,214   +   14,534   -  218,904    2,399,629 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 18, 2016 
                                                          May 18, 2016 May 11, 2016 May 20, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,219,872   +      254   -  104,756    3,218,537 
  Marketable U.S. Treasury securities (1)                    2,904,233   -    1,736   -   85,540    2,902,033 
  Federal agency debt and mortgage-backed securities (2)       266,687   +    1,959   -   22,681      267,892 
  Other securities (3)                                          48,953   +       33   +    3,466       48,612 
Securities lent to dealers                                      16,632   -      560   +    4,737       20,464 
  Overnight facility (4)                                        16,632   -      560   +    4,737       20,464 
    U.S. Treasury securities                                    16,616   -      551   +    4,988       20,455 
    Federal agency debt securities                                  15   -        9   -      251            9 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 18, 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                                           53            22             0             0             0           ...            74 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  25,248        30,727       135,438     1,193,128       441,214       635,967     2,461,721 
  Weekly changes                        +   11,227    -   18,894    +   14,137    +   28,435    -   38,251    +    3,464    +      116 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,604        13,658         6,487             0         2,347        25,096 
  Weekly changes                        -    2,000             0    +    1,500    -    1,500             0             0    -    2,000 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           906         9,358     1,744,468     1,754,733 
  Weekly changes                                 0             0             0    +       10    +      455    +    9,440    +    9,906 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,006             0             0             0             0             0         1,006 
                                                                                                                                       
Reverse repurchase agreements (4)          312,871             0           ...           ...           ...           ...       312,871 
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   
                                                                                                                      May 18, 2016  

Mortgage-backed securities held outright (1)                                                                             1,754,733  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           29,601  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 18, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 18, 2016   Wednesday    Wednesday  
                                                        consolidation                May 11, 2016 May 20, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,858   -       19   +       42  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,408,580   +    7,932   -    8,724  
    Securities held outright (1)                                          4,241,550   +    8,022   +    7,706  
      U.S. Treasury securities                                            2,461,721   +      116   +    1,235  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,292            0   -    4,351  
        Notes and bonds, inflation-indexed (2)                              103,134            0   +    4,600  
        Inflation compensation (3)                                           16,295   +      116   +      986  
      Federal agency debt securities (2)                                     25,096   -    2,000   -   10,799  
      Mortgage-backed securities (4)                                      1,754,733   +    9,906   +   17,270  
    Unamortized premiums on securities held outright  
    (5)                                                                     183,091   -       12   -   17,373  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,135   -       84   +    1,584  
    Repurchase agreements (6)                                                     0            0   -      620  
    Loans                                                                        74   +        6   -       21  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       16  
  Items in process of collection                                   (0)          179   +       44   +       98  
  Bank premises                                                               2,220   +        1   -       21  
  Central bank liquidity swaps (8)                                            1,006   +    1,006   +    1,006  
  Foreign currency denominated assets (9)                                    20,844   -      276   +    1,048  
  Other assets (10)                                                          21,104   -   13,359   -      109  
                                                                                                               
Total assets                                                       (0)    4,473,741   -    4,670   -    6,643  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 18, 2016   Wednesday    Wednesday  
                                                        consolidation                May 11, 2016 May 20, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,406,583   -      234   +   85,147 
  Reverse repurchase agreements (11)                                         312,871   +   43,282   +    4,611 
  Deposits                                                          (0)    2,707,228   -   47,313   -   77,879 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,399,629   -   10,139   -  188,517 
    U.S. Treasury, General Account                                           277,289   -   28,553   +  103,540 
    Foreign official                                                           5,203   +       29   -       28 
    Other (12)                                                      (0)       25,107   -    8,650   +    7,125 
  Deferred availability cash items                                  (0)          391   +       67   -      106 
  Other liabilities and accrued dividends (13)                                 6,601   -      497   -      384 
                                                                                                               
Total liabilities                                                   (0)    4,433,673   -    4,696   +   11,389 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,068   +       26   +    1,018 
  Surplus                                                                     10,000            0   -   19,050 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,068   +       26   -   18,033 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, May 18, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,858          52          69          129         135         297         179         276          22          55         147         184         313
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,408,580     108,296   2,508,735      119,701     132,027     269,420     246,740     175,668      55,669      32,516      61,368     156,920     541,519
    Securities held outright (1)               4,241,550     104,195   2,413,726      115,167     127,027     259,217     237,396     169,004      53,532      31,271      59,031     150,977     521,006
      U.S. Treasury securities                 2,461,721      60,473   1,400,884       66,841      73,724     150,445     137,780      98,087      31,069      18,149      34,261      87,624     302,383
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,721      60,473   1,400,884       66,841      73,724     150,445     137,780      98,087      31,069      18,149      34,261      87,624     302,383
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,754,733      43,105     998,561       47,645      52,551     107,238      98,211      69,917      22,146      12,937      24,421      62,459     215,541
    Unamortized premiums on securities held 
      outright (5)                               183,091       4,498     104,191        4,971       5,483      11,189      10,247       7,295       2,311       1,350       2,548       6,517      22,490
    Unamortized discounts on securities     
      held outright (5)                          -16,135        -396      -9,182         -438        -483        -986        -903        -643        -204        -119        -225        -574      -1,982
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             74           0           0            0           0           0           0          12          30          14          14           0           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     179           0           0            0           0           0         179           0           0           0           0           0           0
  Bank premises                                    2,220         121         430           74         105         209         207         203         116          90         241         225         198
  Central bank liquidity swaps (8)                 1,006          44         332           55          77         224          56          27          10           4          10          13         153
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,844         921       6,879        1,147       1,587       4,648       1,157         559         214          89         208         264       3,171
  Other assets (10)                               21,104         560      11,501          581         638       1,462       1,191         847         364         183         348         824       2,605
  Interdistrict settlement account                     0  -   26,380  +   47,996   -    1,543  -   11,214  -   30,372  +    7,085  +    2,586  +      138  -      966  -    3,622  +   10,872  +    5,420
                                                                                                                                                                                                         
Total assets                                   4,473,741      84,166   2,583,061      120,713     124,178     247,059     258,989     181,343      57,043      32,255      59,151     170,460     555,323

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 18, 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            1,576,781      49,141     503,214      49,369      81,785     108,913     222,626     106,260      50,951      27,316      40,167     131,272     205,768
    Less: Notes held by F.R. Banks               170,199       5,162      55,843       5,639       8,904      11,988      23,940       9,915       4,982       2,590       5,017      13,158      23,061
      Federal Reserve notes, net               1,406,583      43,978     447,371      43,731      72,880      96,925     198,686      96,345      45,969      24,726      35,150     118,114     182,708
  Reverse repurchase agreements (11)             312,871       7,686     178,045       8,495       9,370      19,121      17,511      12,466       3,949       2,307       4,354      11,137      38,431
  Deposits                                     2,707,228      30,569   1,941,158      66,097      38,670     121,644      40,084      70,722       6,553       4,588      19,104      40,427     327,612
    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                           2,399,629      30,557   1,641,156      66,095      38,667     121,428      40,075      63,390       6,545       4,588      19,103      40,426     327,600
    U.S. Treasury, General Account               277,289           0     277,289           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,203           2       5,176           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    25,107          11      17,537           0           0         207           7       7,331           7           0           1           1           5
  Deferred availability cash items                   391           0           0           0           0           0          70           0           0         321           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,571          30         969          33          36          46          94          64          21          12          18          66         182
  Other liabilities and accrued             
     dividends                                     5,030         160       2,384         197         201         521         327         258         133         131         127         207         383
                                                                                                                                                                                                        
Total liabilities                              4,433,673      82,424   2,569,926     118,553     121,157     238,255     256,773     179,855      56,625      32,085      58,754     169,950     549,316
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,068       1,300       9,836       1,609       2,260       6,574       1,661       1,220         316         128         296         383       4,486
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,473,741      84,166   2,583,061     120,713     124,178     247,059     258,989     181,343      57,043      32,255      59,151     170,460     555,323

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 18, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 18, 2016  

Federal Reserve notes outstanding                                                            1,576,781  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,199  
    Federal Reserve notes to be collateralized                                               1,406,583  
Collateral held against Federal Reserve notes                                                1,406,583  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,390,346  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,241,550  
  Less: Face value of securities under reverse repurchase agreements                           290,410  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,951,139  

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.