FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 18, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Feb 17, 2016 
Federal Reserve Banks                                     Feb 17, 2016 Feb 10, 2016 Feb 18, 2015              

Reserve Bank credit                                         4,459,074   +   12,594   -   14,790    4,444,723  
  Securities held outright (1)                              4,251,273   +   14,566   +    1,367    4,249,169  
    U.S. Treasury securities                                2,461,109   -      100   +      731    2,461,080  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       72    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               15,936   -      101   +      738       15,907  
    Federal agency debt securities (2)                         31,318            0   -    5,559       31,318  
    Mortgage-backed securities (4)                          1,758,846   +   14,666   +    6,195    1,756,771  
  Unamortized premiums on securities held outright (5)        187,632   +      186   -   17,795      187,468  
  Unamortized discounts on securities held outright (5)       -16,361   +       31   +    1,811      -16,365  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            51   +       29   +       34           73  
    Primary credit                                                 40   +       28   +       30           63  
    Secondary credit                                                0            0   -        1            0  
    Seasonal credit                                                10   +        1   +        4           10  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       36        1,721  
  Float                                                           -84   +        3   +      332         -123  
  Central bank liquidity swaps (8)                                 98   +        7   +       98           98  
  Other Federal Reserve assets (9)                             34,743   -    2,228   -      673       22,681  
Foreign currency denominated assets (10)                       20,531   +      257   +      239       20,360  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,665   +       14   +    1,140       47,665  
                                                                                                              
Total factors supplying reserve funds                       4,543,511   +   12,865   -   13,411    4,528,989  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Feb 17, 2016 
Federal Reserve Banks                                     Feb 17, 2016 Feb 10, 2016 Feb 18, 2015              

Currency in circulation (11)                                 1,424,336   +    7,545   +   77,751    1,428,074 
Reverse repurchase agreements (12)                             289,733   +    4,810   +   45,693      298,746 
  Foreign official and international accounts                  250,841   +   14,459   +  124,259      246,648 
  Others                                                        38,891   -    9,650   -   78,567       52,098 
Treasury cash holdings                                             242   -        6   +       34          245 
Deposits with F.R. Banks, other than reserve balances          302,786   -   36,886   -  140,446      265,795 
  Term deposits held by depository institutions                      0            0   -  296,921            0 
  U.S. Treasury, General Account                               266,760   -   50,543   +  147,924      242,350 
  Foreign official                                               5,243   -       26   +       24        5,238 
  Other (13)                                                    30,784   +   13,684   +    8,528       18,207 
Other liabilities and capital (14)                              48,053   +      867   -   17,385       46,109 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,065,150   -   23,670   -   34,353    2,038,968 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,478,361   +   36,535   +   20,942    2,490,021 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Feb 17, 2016 
                                                          Feb 17, 2016 Feb 10, 2016 Feb 18, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,255,219   -   11,982   -    7,564    3,258,007 
  Marketable U.S. Treasury securities (1)                    2,943,108   -   12,290   +   10,090    2,946,617 
  Federal agency debt and mortgage-backed securities (2)       263,651   -       48   -   23,190      263,017 
  Other securities (3)                                          48,459   +      356   +    5,535       48,373 
Securities lent to dealers                                      13,080   +      307   +      988       13,304 
  Overnight facility (4)                                        13,080   +      307   +      988       13,304 
    U.S. Treasury securities                                    13,029   +      302   +    1,368       13,227 
    Federal agency debt securities                                  51   +        5   -      380           77 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 17, 2016   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           73             0             0             0             0           ...            73 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  31,839        65,374       129,663     1,141,973       455,956       636,276     2,461,080 
  Weekly changes                        +   26,971    -   17,818    -    6,868    +   23,756    -   29,060    +    2,925    -       94 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,222        13,767        10,982             0         2,347        31,318 
  Weekly changes                                 0             0    +    2,851    -    2,851             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           716         9,223     1,746,832     1,756,771 
  Weekly changes                                 0             0             0    +       17    +      320    +   12,254    +   12,591 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                98             0             0             0             0             0            98 
                                                                                                                                       
Reverse repurchase agreements (4)          298,746             0           ...           ...           ...           ...       298,746 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 17, 2016  

Mortgage-backed securities held outright (1)                                                                             1,756,771  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,876  
Commitments to sell mortgage-backed securities (2)                                                                             100  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 17, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,721  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2015. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 17, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 10, 2016 Feb 18, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,995   -       11   +       64  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,420,345   +   12,723   -   12,952  
    Securities held outright (1)                                          4,249,169   +   12,497   +    2,937  
      U.S. Treasury securities                                            2,461,080   -       94   +      752  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       72  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           15,907   -       95   +      759  
      Federal agency debt securities (2)                                     31,318            0   -    5,559  
      Mortgage-backed securities (4)                                      1,756,771   +   12,591   +    7,744  
    Unamortized premiums on securities held outright  
    (5)                                                                     187,468   +      149   -   17,750  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,365   +       15   +    1,794  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        73   +       62   +       67  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,721   -        1   +       35  
  Items in process of collection                                   (0)          191   +       19   +        7  
  Bank premises                                                               2,231            0   -       23  
  Central bank liquidity swaps (8)                                               98   +        7   +       98  
  Foreign currency denominated assets (9)                                    20,360   -       98   +      153  
  Other assets (10)                                                          20,450   -   15,291   -      606  
                                                                                                               
Total assets                                                       (0)    4,483,629   -    2,649   -   13,222  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 17, 2016   Wednesday    Wednesday  
                                                        consolidation                Feb 10, 2016 Feb 18, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,382,645   +    8,719   +   78,459 
  Reverse repurchase agreements (11)                                         298,746   +   16,374   +    1,692 
  Deposits                                                          (0)    2,755,816   -   27,229   -   75,018 
    Term deposits held by depository institutions                                  0            0   -  296,921 
    Other deposits held by depository institutions                         2,490,021   +    6,881   +   44,120 
    U.S. Treasury, General Account                                           242,350   -   33,811   +  169,253 
    Foreign official                                                           5,238   +        1   +       26 
    Other (12)                                                      (0)       18,207   -      300   +    8,504 
  Deferred availability cash items                                  (0)          314   -      144   -      551 
  Other liabilities and accrued dividends (13)                                 6,590   -      375   -       79 
                                                                                                               
Total liabilities                                                   (0)    4,444,110   -    2,656   +    4,502 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,519   +        7   +      897 
  Surplus                                                                     10,000            0   -   18,622 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,519   +        7   -   17,724 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, February 17, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,995          53          81          135         144         309         198         290          31          59         157         202         336
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,420,345     112,052   2,653,543      109,939     106,274     240,081     248,915     164,238      46,109      26,887      57,422     142,392     512,494
    Securities held outright (1)               4,249,169     107,714   2,550,827      105,684     102,160     230,788     239,280     157,876      44,312      25,842      55,199     136,880     492,608
      U.S. Treasury securities                 2,461,080      62,387   1,477,416       61,211      59,170     133,670     138,589      91,440      25,665      14,967      31,971      79,279     285,314
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,080      62,387   1,477,416       61,211      59,170     133,670     138,589      91,440      25,665      14,967      31,971      79,279     285,314
      Federal agency debt securities (2)          31,318         794      18,801          779         753       1,701       1,764       1,164         327         190         407       1,009       3,631
      Mortgage-backed securities (4)           1,756,771      44,533   1,054,611       43,694      42,237      95,417      98,927      65,272      18,320      10,684      22,821      56,591     203,663
    Unamortized premiums on securities held 
      outright (5)                               187,468       4,752     112,539        4,663       4,507      10,182      10,557       6,965       1,955       1,140       2,435       6,039      21,733
    Unamortized discounts on securities     
      held outright (5)                          -16,365        -415      -9,824         -407        -393        -889        -922        -608        -171        -100        -213        -527      -1,897
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             73           0           0            0           0           0           0           5          13           5           0           0          50
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,721           0       1,721            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     191           0           0            0           0           0         190           0           0           0           0           0           0
  Bank premises                                    2,231         124         435           75         105         211         206         203         118          91         240         226         198
  Central bank liquidity swaps (8)                    98           4          32            5           8          22           6           3           1           0           1           1          14
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,360         923       6,564        1,138       1,587       4,672       1,158         547         190          85         214         293       2,989
  Other assets (10)                               20,450         561      11,725          520         507       1,300       1,161         768         312         150         320         743       2,382
  Interdistrict settlement account                     0  -   27,721  -  147,824   +   14,027  +   12,618  +   10,712  +   11,869  +    3,263  +   13,541  +    5,628  +    4,362  +   19,473  +   80,051
                                                                                                                                                                                                         
Total assets                                   4,483,629      86,539   2,531,804      126,389     121,985     258,502     265,958     170,470      60,750      33,163      63,157     164,503     600,409

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, February 17, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,553,702      49,509     497,438      49,397      82,344     105,940     221,645     102,789      51,342      27,253      40,419     127,230     198,397
    Less: Notes held by F.R. Banks               171,057       5,879      58,698       6,224       8,946      11,384      21,145      10,458       4,157       2,747       5,065      12,799      23,554
      Federal Reserve notes, net               1,382,645      43,629     438,739      43,173      73,398      94,556     200,500      92,331      47,185      24,507      35,354     114,430     174,842
  Reverse repurchase agreements (11)             298,746       7,573     179,341       7,430       7,183      16,226      16,823      11,100       3,115       1,817       3,881       9,624      34,634
  Deposits                                     2,755,816      33,392   1,897,302      73,381      38,173     138,340      45,844      65,670       9,895       6,403      23,390      39,689     384,337
    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                           2,490,021      33,384   1,639,871      73,379      38,170     138,130      45,835      57,561       9,887       6,403      23,388      39,687     384,326
    U.S. Treasury, General Account               242,350           0     242,350           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,238           2       5,211           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    18,207           6       9,870           0           0         201           7       8,108           8           0           1           1           5
  Deferred availability cash items                   314           0           0           0           0           0         182           0           0         132           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,517          34         940          33          31          59          91          58          16           8          20          54         172
  Other liabilities and accrued             
     dividends                                     5,073         164       2,447         198         191         510         323         250         128         127         117         206         411
                                                                                                                                                                                                        
Total liabilities                              4,444,110      84,792   2,518,770     124,215     118,975     249,691     263,763     169,409      60,340      32,994      62,762     164,003     594,397
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,519       1,305       9,735       1,624       2,248       6,581       1,639         792         308         127         296         374       4,491
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,483,629      86,539   2,531,804     126,389     121,985     258,502     265,958     170,470      60,750      33,163      63,157     164,503     600,409

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, February 17, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Feb 17, 2016  

Federal Reserve notes outstanding                                                            1,553,702  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,057  
    Federal Reserve notes to be collateralized                                               1,382,645  
Collateral held against Federal Reserve notes                                                1,382,645  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,366,408  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,249,169  
  Less: Face value of securities under reverse repurchase agreements                           284,592  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,964,578  

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.