FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 24, 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  Aug 23, 2017 
Federal Reserve Banks                                     Aug 23, 2017 Aug 16, 2017 Aug 24, 2016              

Reserve Bank credit                                         4,424,515   -    5,362   -   13,034    4,423,764  
  Securities held outright (1)                              4,251,480   +    5,133   +    2,436    4,250,730  
    U.S. Treasury securities                                2,465,264   +       26   +    1,760    2,465,273  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,565            0   -    5,039    2,337,565  
      Notes and bonds, inflation-indexed (2)                  108,973            0   +    5,377      108,973  
      Inflation compensation (3)                               18,726   +       27   +    1,422       18,735  
    Federal agency debt securities (2)                          7,906   -      191   -   14,586        6,757  
    Mortgage-backed securities (4)                          1,778,311   +    5,298   +   15,264    1,778,699  
  Unamortized premiums on securities held outright (5)        164,276   -      165   -   15,137      164,153  
  Unamortized discounts on securities held outright (5)       -14,609   -       17   +    1,047      -14,598  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           230   +        1   +       18          236  
    Primary credit                                                  7   -       11   +        1            5  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               224   +       13   +       18          231  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708   -        2   +        1        1,708  
  Float                                                          -244   +       87   +       27         -469  
  Central bank liquidity swaps (8)                                 36            0   +       14           36  
  Other Federal Reserve assets (9)                             21,636   -   10,400   -    1,443       21,967  
Foreign currency denominated assets (10)                       21,386   +       14   -      295       21,440  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,084   +       14   +      829       49,084  
                                                                                                              
Total factors supplying reserve funds                       4,511,227   -    5,334   -   12,499    4,510,530  

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  Aug 23, 2017 
Federal Reserve Banks                                     Aug 23, 2017 Aug 16, 2017 Aug 24, 2016              

Currency in circulation (11)                                 1,565,416   -      295   +  101,438    1,566,641 
Reverse repurchase agreements (12)                             374,023   +   45,504   +   25,060      407,823 
  Foreign official and international accounts                  238,897   -    1,654   -    5,406      238,030 
  Others                                                       135,126   +   47,158   +   30,466      169,793 
Treasury cash holdings                                             176   +        9   +       57          177 
Deposits with F.R. Banks, other than reserve balances          164,298   -   72,590   -  140,395      150,514 
  Term deposits held by depository institutions                      0   -   14,733            0            0 
  U.S. Treasury, General Account                                82,077   -   48,877   -  172,299       67,930 
  Foreign official                                               5,165   -        3   -       10        5,165 
  Other (13)                                                    77,055   -    8,978   +   31,914       77,418 
Other liabilities and capital (14)                              47,674   -    1,214   -      161       47,207 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,151,587   -   28,586   -   14,001    2,172,361 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,359,640   +   23,252   +    1,502    2,338,169 

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  Aug 23, 2017 
                                                          Aug 23, 2017 Aug 16, 2017 Aug 24, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,341,685   +    9,046   +  134,990    3,341,485 
  Marketable U.S. Treasury securities (1)                    3,018,338   +    9,005   +  136,035    3,015,899 
  Federal agency debt and mortgage-backed securities (2)       261,972   +      398   -    2,903      264,186 
  Other securities (3)                                          61,374   -      357   +    1,856       61,400 
Securities lent to dealers                                      23,153   +    1,393   +       47       21,883 
  Overnight facility (4)                                        23,153   +    1,393   +       47       21,883 
    U.S. Treasury securities                                    23,153   +    1,393   +       58       21,883 
    Federal agency debt securities                                   0            0   -       11            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, August 23, 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                                          200            36             0             0             0           ...           236 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,197        30,691       310,315     1,163,479       324,394       633,197     2,465,273 
  Weekly changes                                 0    +   11,043    -   11,042    +        4    +   12,210    -   12,189    +       26 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                        -    1,340    +    2,366    -    2,366             0             0             0    -    1,340 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           808        13,350     1,764,541     1,778,699 
  Weekly changes                                 0             0             0             0    -        5    +      730    +      724 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                36             0             0             0             0             0            36 
                                                                                                                                       
Reverse repurchase agreements (4)          407,823             0           ...           ...           ...           ...       407,823 
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   
                                                                                                                      Aug 23, 2017  

Mortgage-backed securities held outright (1)                                                                             1,778,699  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,833  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   42  



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   
                                                                                                                      Aug 23, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
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       Aug 23, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 16, 2017 Aug 24, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,872   +       25   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,400,521   -      850   -    8,220  
    Securities held outright (1)                                          4,250,730   -      589   +    5,680  
      U.S. Treasury securities                                            2,465,273   +       26   +    1,735  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,565            0   -    5,039  
        Notes and bonds, inflation-indexed (2)                              108,973            0   +    5,377  
        Inflation compensation (3)                                           18,735   +       26   +    1,397  
      Federal agency debt securities (2)                                      6,757   -    1,340   -   15,735  
      Mortgage-backed securities (4)                                      1,778,699   +      724   +   19,679  
    Unamortized premiums on securities held outright  
    (5)                                                                     164,153   -      314   -   14,954  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,598   +       30   +    1,045  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       236   +       23   +        8  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           53   -       20   -      153  
  Bank premises                                                               2,199   +        3   -       14  
  Central bank liquidity swaps (8)                                               36            0   +       14  
  Foreign currency denominated assets (9)                                    21,440   +      236   -      155  
  Other assets (10)                                                          19,770   +    1,572   -    1,414  
                                                                                                               
Total assets                                                       (0)    4,463,837   +      966   -   10,003  

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       Aug 23, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 16, 2017 Aug 24, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,519,600   +      125   +  100,531 
  Reverse repurchase agreements (11)                                         407,823   +   70,500   +   71,963 
  Deposits                                                          (0)    2,488,684   -   69,064   -  183,273 
    Term deposits held by depository institutions                                  0   -   14,733            0 
    Other deposits held by depository institutions                         2,338,170   -   26,802   -    3,052 
    U.S. Treasury, General Account                                            67,930   -   28,099   -  176,951 
    Foreign official                                                           5,165            0   +        1 
    Other (12)                                                      (0)       77,418   +      569   -    3,273 
  Deferred availability cash items                                  (0)          522   +      179   -       84 
  Other liabilities and accrued dividends (13)                                 6,231   -      778   +       28 
                                                                                                               
Total liabilities                                                   (0)    4,422,861   +      964   -   10,835 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,976   +        2   +      832 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,976   +        2   +      832 

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, August 23, 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                                             1,872          46          56          179         130         260         203         298          32          50         114         193         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,400,521      85,734   2,477,765      113,613     127,604     257,815     259,027     185,108      58,728      34,420      62,423     176,161     562,123
    Securities held outright (1)               4,250,730      82,820   2,393,551      109,752     123,267     249,053     250,214     178,780      56,683      33,141      60,285     170,169     543,015
      U.S. Treasury securities                 2,465,273      48,033   1,388,175       63,652      71,491     144,442     145,115     103,686      32,874      19,221      34,963      98,692     314,929
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,273      48,033   1,388,175       63,652      71,491     144,442     145,115     103,686      32,874      19,221      34,963      98,692     314,929
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,778,699      34,656   1,001,571       45,925      51,581     104,215     104,701      74,810      23,719      13,868      25,226      71,207     227,222
    Unamortized premiums on securities held 
      outright (5)                               164,153       3,198      92,433        4,238       4,760       9,618       9,663       6,904       2,189       1,280       2,328       6,572      20,970
    Unamortized discounts on securities     
      held outright (5)                          -14,598        -284      -8,220         -377        -423        -855        -859        -614        -195        -114        -207        -584      -1,865
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            236           0           0            0           0           0          10          38          51         113          16           4           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      53           0           0            0           0           0          53           0           0           0           0           0           0
  Bank premises                                    2,199         119         443           72         116         199         204         200         111          88         236         220         192
  Central bank liquidity swaps (8)                    36           2          12            2           3           8           2           2           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,440         929       6,867        1,153       1,746       4,633       1,251         897         234          91         208         274       3,157
  Other assets (10)                               19,770         434      10,637          506         580       1,345       1,172         828         362         178         353         883       2,491
  Interdistrict settlement account                     0  -    4,434  -   25,817   -    1,039  -    2,128  -   11,998  -      791  +   44,944  -      871  +    2,500  +    6,349  +    2,552  -    9,268
                                                                                                                                                                                                         
Total assets                                   4,463,837      83,374   2,477,080      115,044     128,842     253,451     263,294     233,439      59,088      37,608      70,129     181,481     561,007

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, August 23, 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            1,701,061      56,544     544,862      55,381      85,421     121,782     226,864     115,036      52,256      31,329      48,379     142,320     220,887
    Less: Notes held by F.R. Banks               181,460       6,475      46,554       7,176       9,987      13,666      25,973      12,216       5,683       3,157       5,424      17,567      27,581
      Federal Reserve notes, net               1,519,600      50,069     498,308      48,205      75,434     108,116     200,891     102,819      46,572      28,172      42,954     124,753     193,306
  Reverse repurchase agreements (11)             407,823       7,946     229,642      10,530      11,826      23,895      24,006      17,153       5,438       3,180       5,784      16,326      52,098
  Deposits                                     2,488,684      23,396   1,733,180      53,805      37,982     111,986      35,534     111,367       6,464       5,459      20,836      39,618     309,057
    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                           2,338,170      23,391   1,639,898      53,803      37,979     111,674      35,525      54,500       6,440       5,459      20,834      39,617     309,050
    U.S. Treasury, General Account                67,930           0      67,930           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    77,418           3      20,214           0           0         304           7      56,865          23           0           1           1           1
  Deferred availability cash items                   522           0           0           0           0           0          60           0           0         462           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,560          40         770          48          62         127         114          71          24          13          22          68         201
  Other liabilities and accrued             
     dividends                                     4,671         155       2,113         183         189         473         318         276         135         136         131         201         361
                                                                                                                                                                                                        
Total liabilities                              4,422,861      81,606   2,464,013     112,771     125,494     244,597     260,923     231,686      58,634      37,422      69,727     180,966     555,023
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,976       1,334       9,865       1,735       2,533       6,693       1,788       1,334         345         145         305         386       4,511
  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                  4,463,837      83,374   2,477,080     115,044     128,842     253,451     263,294     233,439      59,088      37,608      70,129     181,481     561,007

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, August 23, 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   
                                                                                          Aug 23, 2017  

Federal Reserve notes outstanding                                                            1,701,061  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,460  
    Federal Reserve notes to be collateralized                                               1,519,600  
Collateral held against Federal Reserve notes                                                1,519,600  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,503,364  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,250,730  
  Less: Face value of securities under reverse repurchase agreements                           387,083  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,863,647  

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.