FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 21, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 20, 2016 
Federal Reserve Banks                                     Jan 20, 2016 Jan 13, 2016 Jan 21, 2015              

Reserve Bank credit                                         4,456,214   +    5,284   -   11,467    4,450,281  
  Securities held outright (1)                              4,248,187   +    4,429   +    4,612    4,242,989  
    U.S. Treasury securities                                2,461,412   -       59   +      425    2,461,396  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       73    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,240   -       58   +      434       16,223  
    Federal agency debt securities (2)                         32,479   -      465   -    5,109       31,318  
    Mortgage-backed securities (4)                          1,754,295   +    4,952   +    9,295    1,750,275  
  Unamortized premiums on securities held outright (5)        188,844   -      186   -   17,479      188,545  
  Unamortized discounts on securities held outright (5)       -16,488   +       37   +    1,817      -16,477  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            85   +       63   -       16           20  
    Primary credit                                                 70   +       66   -       21            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                14   -        4   +        4           16  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,717            0   +       37        1,717  
  Float                                                          -129   +        6   +      284         -196  
  Central bank liquidity swaps (8)                                125   +        7   +      115          125  
  Other Federal Reserve assets (9)                             33,873   +      929   -      836       33,558  
Foreign currency denominated assets (10)                       19,933   +      122   -      599       19,949  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,609   +       14   +    1,195       47,609  
                                                                                                              
Total factors supplying reserve funds                       4,539,996   +    5,419   -   10,871    4,534,080  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 20, 2016 
Federal Reserve Banks                                     Jan 20, 2016 Jan 13, 2016 Jan 21, 2015              

Currency in circulation (11)                                 1,414,835   -    2,297   +   84,022    1,414,434 
Reverse repurchase agreements (12)                             308,626   -    8,533   +   60,400      322,974 
  Foreign official and international accounts                  217,568   -    1,769   +  105,789      216,347 
  Others                                                        91,058   -    6,764   -   45,389      106,627 
Treasury cash holdings                                             280   +        1   +       74          279 
Deposits with F.R. Banks, other than reserve balances          314,189   -   16,951   +  128,829      338,373 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               285,318   -   17,665   +  115,166      318,749 
  Foreign official                                               5,288   +       44   +       67        5,231 
  Other (13)                                                    23,584   +      671   +   13,597       14,393 
Other liabilities and capital (14)                              47,296   +      328   -   16,575       45,942 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,085,226   -   27,452   +  256,751    2,122,002 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,454,769   +   32,870   -  267,623    2,412,078 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jan 20, 2016 
                                                          Jan 20, 2016 Jan 13, 2016 Jan 21, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,266,004   -   11,055   -   18,497    3,258,214 
  Marketable U.S. Treasury securities (1)                    2,951,708   -   10,242   -    2,652    2,946,296 
  Federal agency debt and mortgage-backed securities (2)       267,004   -    1,557   -   21,358      264,519 
  Other securities (3)                                          47,292   +      745   +    5,514       47,400 
Securities lent to dealers                                      12,346   -      623   +    1,539       10,895 
  Overnight facility (4)                                        12,346   -      623   +    1,539       10,895 
    U.S. Treasury securities                                    12,272   -      580   +    1,966       10,823 
    Federal agency debt securities                                  74   -       42   -      427           72 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 20, 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                                           20             0             0             0             0           ...            20 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,911        60,689       156,559     1,120,360       488,387       633,489     2,461,396 
  Weekly changes                        +    1,911    -    1,517    +    2,654    +    2,026    -      824    -    4,306    -       54 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,222        10,916        13,833             0         2,347        31,318 
  Weekly changes                        -    1,626    +    2,161    -    2,161             0             0             0    -    1,626 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           613         9,157     1,740,505     1,750,275 
  Weekly changes                                 0             0             0             0    +       27    -   10,354    -   10,327 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               125             0             0             0             0             0           125 
                                                                                                                                       
Reverse repurchase agreements (4)          322,974             0           ...           ...           ...           ...       322,974 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 20, 2016  

Mortgage-backed securities held outright (1)                                                                             1,750,275  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,496  
Commitments to sell mortgage-backed securities (2)                                                                             511  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 20, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,717  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2015. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 20, 2016   Wednesday    Wednesday  
                                                        consolidation                Jan 13, 2016 Jan 21, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,950   +       28   +       22  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,415,076   -   12,725   -   22,307  
    Securities held outright (1)                                          4,242,989   -   12,007   -    6,076  
      U.S. Treasury securities                                            2,461,396   -       54   +      452  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,223   -       55   +      459  
      Federal agency debt securities (2)                                     31,318   -    1,626   -    6,270  
      Mortgage-backed securities (4)                                      1,750,275   -   10,327   -      257  
    Unamortized premiums on securities held outright  
    (5)                                                                     188,545   -      745   -   17,913  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,477   +       37   +    1,818  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        20   -        9   -      135  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,717   -        1   +       37  
  Items in process of collection                                   (0)          227   +       80   -       16  
  Bank premises                                                               2,237   +        1   -       25  
  Central bank liquidity swaps (8)                                              125   +        7   +      115  
  Foreign currency denominated assets (9)                                    19,949   +      164   -      608  
  Other assets (10)                                                          31,322   -      409   -    1,314  
                                                                                                               
Total assets                                                       (0)    4,488,840   -   12,855   -   24,096  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 20, 2016   Wednesday    Wednesday  
                                                        consolidation                Jan 13, 2016 Jan 21, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,369,051   -    1,173   +   82,479 
  Reverse repurchase agreements (11)                                         322,974   +   21,871   +   42,660 
  Deposits                                                          (0)    2,750,451   -   32,112   -  131,702 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,412,078   -   38,749   -  259,626 
    U.S. Treasury, General Account                                           318,749   +   16,509   +  122,518 
    Foreign official                                                           5,231            0   +       19 
    Other (12)                                                      (0)       14,393   -    9,873   +    5,387 
  Deferred availability cash items                                  (0)          423   -        9   -      411 
  Other liabilities and accrued dividends (13)                                 6,438   -    1,431   +      521 
                                                                                                               
Total liabilities                                                   (0)    4,449,336   -   12,855   -    6,453 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,504            0   +      930 
  Surplus                                                                     10,000            0   -   18,574 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,504            0   -   17,643 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, January 20, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,950          47          78          131         137         309         196         288          32          55         154         204         319
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,415,076     111,920   2,650,411      109,810     106,149     239,798     248,621     164,042      46,046      26,856      57,358     142,226     511,840
    Securities held outright (1)               4,242,989     107,558   2,547,117      105,530     102,012     230,452     238,932     157,646      44,248      25,804      55,119     136,681     491,892
      U.S. Treasury securities                 2,461,396      62,395   1,477,605       61,219      59,178     133,687     138,606      91,452      25,669      14,969      31,975      79,290     285,351
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,396      62,395   1,477,605       61,219      59,178     133,687     138,606      91,452      25,669      14,969      31,975      79,290     285,351
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,750,275      44,369   1,050,711       43,532      42,081      95,064      98,562      65,031      18,253      10,644      22,737      56,382     202,910
    Unamortized premiums on securities held 
      outright (5)                               188,545       4,780     113,186        4,689       4,533      10,241      10,617       7,005       1,966       1,147       2,449       6,074      21,858
    Unamortized discounts on securities     
      held outright (5)                          -16,477        -418      -9,891         -410        -396        -895        -928        -612        -172        -100        -214        -531      -1,910
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             20           1           0            0           0           0           0           3           4           5           4           3           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,717           0       1,717            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     227           0           0            0           0           0         226           0           0           1           0           0           0
  Bank premises                                    2,237         125         436           75         106         211         207         204         118          92         240         226         197
  Central bank liquidity swaps (8)                   125           6          40            7          10          29           7           3           1           1           1           2          18
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,949         904       6,432        1,115       1,555       4,577       1,135         536         186          84         210         287       2,929
  Other assets (10)                               31,322         834      18,292          789         767       1,889       1,770       1,174         407         215         449       1,087       3,650
  Interdistrict settlement account                     0  -   21,589  -   53,672   +    7,834  +    7,675  +   10,275  -    3,367  +    3,571  +   10,430  +    4,329  +    1,773  +   10,774  +   21,966
                                                                                                                                                                                                         
Total assets                                   4,488,840      92,790   2,629,263      120,310     117,140     258,282     251,048     170,976      57,670      31,892      60,626     155,980     542,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 20, 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            1,547,244      49,591     497,783      49,250      82,587     106,253     217,686     102,561      51,526      26,724      40,580     125,380     197,324
    Less: Notes held by F.R. Banks               178,194       5,837      61,722       5,948       9,309      11,731      22,251      10,796       4,724       2,688       4,649      13,788      24,751
      Federal Reserve notes, net               1,369,051      43,755     436,060      43,301      73,278      94,522     195,435      91,765      46,802      24,036      35,931     111,592     172,573
  Reverse repurchase agreements (11)             322,974       8,187     193,885       8,033       7,765      17,542      18,187      12,000       3,368       1,964       4,196      10,404      37,443
  Deposits                                     2,750,451      38,900   1,983,021      66,568      32,831     136,761      34,515      65,849       6,963       5,467      19,968      33,238     326,368
    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                           2,412,078      38,896   1,652,735      66,566      32,828     136,653      34,506      57,913       6,956       5,467      19,967      33,233     326,358
    U.S. Treasury, General Account               318,749           0     318,749           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    14,393           2       6,334           0           0          98           7       7,935           7           0           1           5           5
  Deferred availability cash items                   423           0           0           0           0           0         305           0           0         119           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,801          48         992          52          70         136         122          76          19          17          15          46         206
  Other liabilities and accrued             
     dividends                                     4,637         143       2,347         173         168         448         276         226         122         121         117         183         315
                                                                                                                                                                                                        
Total liabilities                              4,449,336      91,033   2,616,306     118,128     114,113     249,409     248,840     169,916      57,274      31,724      60,226     155,464     536,905
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,504       1,304       9,734       1,624       2,248       6,579       1,639         791         303         126         295         373       4,489
  Surplus                                         10,000         453       3,223         559         780       2,295         569         269          93          42         105         144       1,469
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,488,840      92,790   2,629,263     120,310     117,140     258,282     251,048     170,976      57,670      31,892      60,626     155,980     542,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 20, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jan 20, 2016  

Federal Reserve notes outstanding                                                            1,547,244  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,194  
    Federal Reserve notes to be collateralized                                               1,369,051  
Collateral held against Federal Reserve notes                                                1,369,051  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,352,814  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,989  
  Less: Face value of securities under reverse repurchase agreements                           298,491  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,944,498  

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.