FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 27, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 26, 2017 
Federal Reserve Banks                                     Jul 26, 2017 Jul 19, 2017 Jul 27, 2016              

Reserve Bank credit                                         4,435,384   -    5,051   +      427    4,425,732  
  Securities held outright (1)                              4,250,726   -    4,512   +   15,166    4,242,265  
    U.S. Treasury securities                                2,465,161   +       25   +    2,439    2,465,170  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,887   +      730   -    3,317    2,338,887  
      Notes and bonds, inflation-indexed (2)                  107,651   -      619   +    4,055      107,651  
      Inflation compensation (3)                               18,622   -       88   +    1,700       18,631  
    Federal agency debt securities (2)                          8,097            0   -   14,395        8,097  
    Mortgage-backed securities (4)                          1,777,468   -    4,537   +   27,122    1,768,999  
  Unamortized premiums on securities held outright (5)        165,379   -      429   -   14,589      165,024  
  Unamortized discounts on securities held outright (5)       -14,648   +       36   +    1,115      -14,636  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           173   +        6   -       50          197  
    Primary credit                                                  4   -        4   -       31           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               169   +       10   -       20          185  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710   +        1   -        1        1,710  
  Float                                                          -247   +       56   +       62         -396  
  Central bank liquidity swaps (8)                                 85   +       44   -       95           85  
  Other Federal Reserve assets (9)                             32,206   -      252   -    1,180       31,482  
Foreign currency denominated assets (10)                       21,097   +      273   +      272       21,031  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,016   +       14   +      867       49,016  
                                                                                                              
Total factors supplying reserve funds                       4,521,739   -    4,763   +    1,568    4,512,020  

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  Jul 26, 2017 
Federal Reserve Banks                                     Jul 26, 2017 Jul 19, 2017 Jul 27, 2016              

Currency in circulation (11)                                 1,560,536   -    1,366   +   99,203    1,561,976 
Reverse repurchase agreements (12)                             354,999   -   28,481   +   51,676      343,796 
  Foreign official and international accounts                  245,315   +    4,058   -    2,033      240,485 
  Others                                                       109,684   -   32,539   +   53,709      103,311 
Treasury cash holdings                                             162   -        7   +       82          163 
Deposits with F.R. Banks, other than reserve balances          277,826   -      164   -  109,002      265,953 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               191,404   +   11,004   -  134,095      183,534 
  Foreign official                                               5,175   +        7   -       40        5,190 
  Other (13)                                                    81,247   -   11,175   +   25,134       77,229 
Other liabilities and capital (14)                              47,650   -    1,220   +    1,051       46,517 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,241,174   -   31,236   +   43,011    2,218,404 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,280,565   +   26,473   -   41,443    2,293,616 

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 securities, Federal agency debt
    securities, and 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  Jul 26, 2017 
                                                          Jul 26, 2017 Jul 19, 2017 Jul 27, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,325,296   +    5,962   +  104,891    3,329,200 
  Marketable U.S. Treasury securities (1)                    3,002,144   +    5,394   +  104,032    3,005,658 
  Federal agency debt and mortgage-backed securities (2)       261,790   +    1,131   -    2,601      262,166 
  Other securities (3)                                          61,362   -      563   +    3,460       61,375 
Securities lent to dealers                                      20,009   -    3,194   -    1,672       22,087 
  Overnight facility (4)                                        20,009   -    3,194   -    1,672       22,087 
    U.S. Treasury securities                                    20,009   -    3,194   -    1,658       22,087 
    Federal agency debt securities                                   0            0   -       13            0 

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, July 26, 2017       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                          161            36             0             0             0           ...           197 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,794        32,799       276,684     1,152,633       357,353       633,907     2,465,170 
  Weekly changes                                 0             0             0    +        4    +        6    +       15    +       25 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           782        11,261     1,756,956     1,768,999 
  Weekly changes                                 0             0             0    -       18    -      275    -   10,103    -   10,395 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                85             0             0             0             0             0            85 
                                                                                                                                       
Reverse repurchase agreements (4)          343,796             0           ...           ...           ...           ...       343,796 
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   
                                                                                                                      Jul 26, 2017  

Mortgage-backed securities held outright (1)                                                                             1,768,999  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           18,968  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   29  



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   
                                                                                                                      Jul 26, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
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 June 30, 2017. 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       Jul 26, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 19, 2017 Jul 27, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,833   +       12   -       66  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,392,851   -   10,968   +    2,396  
    Securities held outright (1)                                          4,242,265   -   10,372   +   15,920  
      U.S. Treasury securities                                            2,465,170   +       25   +    2,407  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,887            0   -    3,317  
        Notes and bonds, inflation-indexed (2)                              107,651            0   +    4,055  
        Inflation compensation (3)                                           18,631   +       24   +    1,668  
      Federal agency debt securities (2)                                      8,097            0   -   14,395  
      Mortgage-backed securities (4)                                      1,768,999   -   10,395   +   27,908  
    Unamortized premiums on securities held outright  
    (5)                                                                     165,024   -      609   -   14,533  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,636   +       33   +    1,108  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       197   -       21   -      100  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710            0   +        8  
  Items in process of collection                                   (0)           56   -       12   -      169  
  Bank premises                                                               2,198   +        1   -       16  
  Central bank liquidity swaps (8)                                               85   +       44   -       95  
  Foreign currency denominated assets (9)                                    21,031   +      100   +      180  
  Other assets (10)                                                          29,283   -      796   -    1,452  
                                                                                                               
Total assets                                                       (0)    4,465,284   -   11,619   +      786  

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       Jul 26, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 19, 2017 Jul 27, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,514,951   +       91   +   98,373 
  Reverse repurchase agreements (11)                                         343,796   -   48,864   +   34,770 
  Deposits                                                          (0)    2,559,568   +   38,342   -  132,406 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,293,616   +   42,970   -   38,621 
    U.S. Treasury, General Account                                           183,534   -    5,748   -  132,704 
    Foreign official                                                           5,190   +       26   -       79 
    Other (12)                                                      (0)       77,229   +    1,096   +   38,999 
  Deferred availability cash items                                  (0)          452   +        1   -      308 
  Other liabilities and accrued dividends (13)                                 5,669   -    1,188   -      399 
                                                                                                               
Total liabilities                                                   (0)    4,424,436   -   11,620   +       30 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,848   +        1   +      756 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,848   +        1   +      756 

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 securities, Federal agency debt
    securities, and 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, July 26, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,833          45          50          173         130         258         202         286          28          50         113         191         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,392,851      85,585   2,473,468      113,416     127,383     257,368     258,572     184,779      58,620      34,339      62,308     175,854     561,160
    Securities held outright (1)               4,242,265      82,655   2,388,785      109,533     123,022     248,557     249,715     178,424      56,570      33,075      60,165     169,831     541,933
      U.S. Treasury securities                 2,465,170      48,031   1,388,117       63,650      71,488     144,436     145,109     103,682      32,872      19,220      34,962      98,688     314,916
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,170      48,031   1,388,117       63,650      71,488     144,436     145,109     103,682      32,872      19,220      34,962      98,688     314,916
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,768,999      34,467     996,109       45,675      51,299     103,647     104,130      74,402      23,589      13,792      25,089      70,818     225,983
    Unamortized premiums on securities held 
      outright (5)                               165,024       3,215      92,924        4,261       4,786       9,669       9,714       6,941       2,201       1,287       2,340       6,606      21,081
    Unamortized discounts on securities     
      held outright (5)                          -14,636        -285      -8,241         -378        -424        -858        -862        -616        -195        -114        -208        -586      -1,870
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            197           0           0            0           0           0           4          29          45          91          10           3          15
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      56           0           0            0           0           0          56           0           0           0           0           0           0
  Bank premises                                    2,198         119         443           72         115         199         203         199         111          88         236         220         192
  Central bank liquidity swaps (8)                    85           4          27            5           7          18           5           4           1           0           1           1          13
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,031         912       6,736        1,131       1,713       4,544       1,227         880         230          89         204         269       3,097
  Other assets (10)                               29,283         620      15,995          755         856       1,897       1,737       1,232         472         251         484       1,263       3,721
  Interdistrict settlement account                     0  -    7,617  -      900   -    6,906  -    6,335  -    5,246  -    7,337  +   50,134  -    1,357  +    1,723  +    5,576  +      116  -   21,850
                                                                                                                                                                                                         
Total assets                                   4,465,284      80,213   2,502,937      109,203     124,659     260,227     256,839     238,673      58,596      36,821      69,368     179,112     548,637

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, July 26, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,692,336      56,789     536,845      55,541      85,793     121,918     225,169     115,327      52,530      31,412      48,621     142,541     219,850
    Less: Notes held by F.R. Banks               177,385       6,298      46,237       7,072      10,140      13,393      27,145      11,653       5,457       2,871       5,450      16,001      25,668
      Federal Reserve notes, net               1,514,951      50,491     490,608      48,469      75,653     108,525     198,024     103,673      47,073      28,542      43,171     126,540     194,182
  Reverse repurchase agreements (11)             343,796       6,698     193,588       8,877       9,970      20,143      20,237      14,460       4,584       2,680       4,876      13,763      43,919
  Deposits                                     2,559,568      21,085   1,803,036      49,435      35,461     122,186      35,767     118,481       6,333       4,891      20,775      38,045     304,074
    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                           2,293,616      21,080   1,594,887      49,432      35,458     122,084      35,758      60,813       6,329       4,890      20,773      38,044     304,067
    U.S. Treasury, General Account               183,534           0     183,534           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,190           2       5,163           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    77,229           3      19,453           0           0          94           7      57,667           3           0           1           0           1
  Deferred availability cash items                   452           0           0           0           0           0          59           0           0         393           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,066          26         525          33          44          74          87          39          18          10          13          54         144
  Other liabilities and accrued             
     dividends                                     4,603         159       2,129         180         182         442         306         273         134         134         130         197         337
                                                                                                                                                                                                        
Total liabilities                              4,424,436      78,459   2,489,887     106,993     121,309     251,370     254,481     236,925      58,142      36,650      68,965     178,599     542,655
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,848       1,321       9,848       1,672       2,535       6,696       1,775       1,329         344         129         305         385       4,509
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,465,284      80,213   2,502,937     109,203     124,659     260,227     256,839     238,673      58,596      36,821      69,368     179,112     548,637

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, July 26, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and 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   
                                                                                          Jul 26, 2017  

Federal Reserve notes outstanding                                                            1,692,336  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,385  
    Federal Reserve notes to be collateralized                                               1,514,951  
Collateral held against Federal Reserve notes                                                1,514,951  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,498,714  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,265  
  Less: Face value of securities under reverse repurchase agreements                           331,131  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,911,134  

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.