FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 17, 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 16, 2017 
Federal Reserve Banks                                     Aug 16, 2017  Aug 9, 2017 Aug 17, 2016              

Reserve Bank credit                                         4,429,877   +    1,432   -    8,370    4,423,240  
  Securities held outright (1)                              4,246,347   +    4,010   +    4,305    4,251,319  
    U.S. Treasury securities                                2,465,238   +       26   +    2,168    2,465,247  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,565            0   -    4,697    2,337,565  
      Notes and bonds, inflation-indexed (2)                  108,973            0   +    5,377      108,973  
      Inflation compensation (3)                               18,699   +       26   +    1,486       18,709  
    Federal agency debt securities (2)                          8,097            0   -   14,395        8,097  
    Mortgage-backed securities (4)                          1,773,013   +    3,984   +   16,534    1,777,975  
  Unamortized premiums on securities held outright (5)        164,441   -      141   -   14,881      164,467  
  Unamortized discounts on securities held outright (5)       -14,592   +       11   +    1,091      -14,628  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           229   +       25   +       21          213  
    Primary credit                                                 18   +       16   +       15            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               211   +        9   +        6          211  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,710            0   +        3        1,708  
  Float                                                          -331   -       54   +       67         -269  
  Central bank liquidity swaps (8)                                 36            0   -       69           36  
  Other Federal Reserve assets (9)                             32,036   -    2,420   +    1,092       20,394  
Foreign currency denominated assets (10)                       21,372   +       75   -      132       21,204  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,070   +       14   +      838       49,070  
                                                                                                              
Total factors supplying reserve funds                       4,516,561   +    1,521   -    7,663    4,509,755  

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 16, 2017 
Federal Reserve Banks                                     Aug 16, 2017  Aug 9, 2017 Aug 17, 2016              

Currency in circulation (11)                                 1,565,711   +      370   +  101,304    1,566,526 
Reverse repurchase agreements (12)                             328,519   -    9,191   +   25,175      337,323 
  Foreign official and international accounts                  240,551   +       99   -    4,698      244,483 
  Others                                                        87,968   -    9,289   +   29,873       92,840 
Treasury cash holdings                                             167   -        4   +       54          176 
Deposits with F.R. Banks, other than reserve balances          236,888   +    5,236   -  142,450      192,776 
  Term deposits held by depository institutions                 14,733   +   14,733   -   43,861       14,733 
  U.S. Treasury, General Account                               130,954   -   18,908   -  129,856       96,029 
  Foreign official                                               5,168   -        1   -       20        5,165 
  Other (13)                                                    86,033   +    9,412   +   31,288       76,849 
Other liabilities and capital (14)                              48,888   +    1,016   +      410       47,982 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,180,173   -    2,574   -   15,507    2,144,783 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,336,388   +    4,095   +    7,844    2,364,971 

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 16, 2017 
                                                          Aug 16, 2017  Aug 9, 2017 Aug 17, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,332,639   -    3,517   +  129,266    3,333,673 
  Marketable U.S. Treasury securities (1)                    3,009,333   -    2,641   +  131,956    3,012,167 
  Federal agency debt and mortgage-backed securities (2)       261,574   -      841   -    5,231      260,161 
  Other securities (3)                                          61,731   -       36   +    2,540       61,345 
Securities lent to dealers                                      21,760   -    1,194   +      243       21,972 
  Overnight facility (4)                                        21,760   -    1,194   +      243       21,972 
    U.S. Treasury securities                                    21,760   -    1,194   +      253       21,972 
    Federal agency debt securities                                   0            0   -       10            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 16, 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                                           72           141             0             0             0           ...           213 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,197        19,648       321,357     1,163,475       312,184       645,386     2,465,247 
  Weekly changes                        -   15,458    -    3,197    +   23,070    +   33,511    -   49,350    +   11,449    +       26 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,340             0         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           808        13,355     1,763,811     1,777,975 
  Weekly changes                                 0             0             0    +       16    +      304    +    8,626    +    8,946 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                36             0             0             0             0             0            36 
                                                                                                                                       
Reverse repurchase agreements (4)          337,323             0           ...           ...           ...           ...       337,323 
Term deposits                               14,733             0             0           ...           ...           ...        14,733 

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 16, 2017  

Mortgage-backed securities held outright (1)                                                                             1,777,975  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           20,273  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
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   
                                                                                                                      Aug 16, 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 16, 2017   Wednesday    Wednesday  
                                                        consolidation                 Aug 9, 2017 Aug 17, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,847   -        4   -       83  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,371   +    8,906   -    1,586  
    Securities held outright (1)                                          4,251,319   +    8,972   +   12,026  
      U.S. Treasury securities                                            2,465,247   +       26   +    1,800  
        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)                                           18,709   +       26   +    1,462  
      Federal agency debt securities (2)                                      8,097            0   -   14,395  
      Mortgage-backed securities (4)                                      1,777,975   +    8,946   +   24,621  
    Unamortized premiums on securities held outright  
    (5)                                                                     164,467   -       36   -   14,663  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,628   -       35   +    1,049  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       213   +        5   +        1  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708   -        2   +        1  
  Items in process of collection                                   (0)           73   +        8   -      148  
  Bank premises                                                               2,196            0   -       15  
  Central bank liquidity swaps (8)                                               36            0   -       69  
  Foreign currency denominated assets (9)                                    21,204   -      107   -      423  
  Other assets (10)                                                          18,198   -   15,014   -    1,283  
                                                                                                               
Total assets                                                       (0)    4,462,871   -    6,212   -    3,605  

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 16, 2017   Wednesday    Wednesday  
                                                        consolidation                 Aug 9, 2017 Aug 17, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,519,475   -      576   +  100,876 
  Reverse repurchase agreements (11)                                         337,323   -    5,946   +   13,630 
  Deposits                                                          (0)    2,557,748   -      322   -  118,893 
    Term deposits held by depository institutions                             14,733   +   14,733   -   43,861 
    Other deposits held by depository institutions                         2,364,972   +   28,657   +   29,099 
    U.S. Treasury, General Account                                            96,029   -   43,524   -  145,397 
    Foreign official                                                           5,165            0   -      100 
    Other (12)                                                      (0)       76,849   -      188   +   41,366 
  Deferred availability cash items                                  (0)          343   -      132   -      179 
  Other liabilities and accrued dividends (13)                                 7,009   +      667   +      127 
                                                                                                               
Total liabilities                                                   (0)    4,421,897   -    6,310   -    4,440 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,974   +       98   +      835 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,974   +       98   +      835 

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 16, 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                                             1,847          45          53          178         132         256         202         293          29          50         114         192         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,371      85,752   2,478,257      113,636     127,630     257,867     259,074     185,139      58,735      34,419      62,434     176,196     562,233
    Securities held outright (1)               4,251,319      82,831   2,393,883      109,767     123,284     249,087     250,248     178,805      56,690      33,145      60,294     170,193     543,090
      U.S. Treasury securities                 2,465,247      48,032   1,388,161       63,652      71,490     144,440     145,114     103,685      32,874      19,220      34,963      98,691     314,926
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,247      48,032   1,388,161       63,652      71,490     144,440     145,114     103,685      32,874      19,220      34,963      98,691     314,926
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,777,975      34,642   1,001,163       45,907      51,560     104,173     104,658      74,779      23,709      13,862      25,216      71,178     227,130
    Unamortized premiums on securities held 
      outright (5)                               164,467       3,204      92,610        4,246       4,769       9,636       9,681       6,917       2,193       1,282       2,333       6,584      21,010
    Unamortized discounts on securities     
      held outright (5)                          -14,628        -285      -8,237         -378        -424        -857        -861        -615        -195        -114        -207        -586      -1,869
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            213           1           1            0           0           0           6          32          46         105          15           4           2
  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                      73           0           0            0           0           0          73           0           0           0           0           0           0
  Bank premises                                    2,196         119         443           72         115         199         203         199         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)                                   21,204         919       6,791        1,140       1,727       4,582       1,237         887         232          90         206         271       3,122
  Other assets (10)                               18,198         405       9,749          467         537       1,258       1,080         761         343         167         333         796       2,302
  Interdistrict settlement account                     0  -    8,595  -   34,398   -    2,683  -    4,928  -   12,428  -      392  +   38,738  -    1,170  +    1,852  +    5,845  +    2,941  +   15,218
                                                                                                                                                                                                         
Total assets                                   4,462,871      79,191   2,468,025      113,370     126,005     252,929     263,653     227,180      58,770      36,948      69,613     181,814     585,373

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 16, 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            1,698,901      56,669     543,338      55,458      85,632     122,019     225,820     115,199      52,415      31,425      48,443     142,342     220,141
    Less: Notes held by F.R. Banks               179,427       6,317      46,965       7,131       9,865      13,799      25,310      11,912       5,566       3,075       5,442      17,264      26,780
      Federal Reserve notes, net               1,519,475      50,352     496,373      48,327      75,766     108,220     200,510     103,287      46,850      28,350      43,001     125,078     193,361
  Reverse repurchase agreements (11)             337,323       6,572     189,944       8,710       9,782      19,764      19,856      14,187       4,498       2,630       4,784      13,504      43,092
  Deposits                                     2,557,748      20,310   1,765,047      53,832      36,873     115,547      40,401     107,592       6,804       5,361      21,264      42,421     342,295
    Term deposits held by depository        
        institutions                              14,733          26       5,680       3,000         752           0           0       1,875           0           0         700         400       2,300
    Other deposits held by depository       
        institutions                           2,364,972      20,279   1,639,365      50,830      36,118     115,276      40,392      47,980       6,801       5,361      20,562      42,019     339,988
    U.S. Treasury, General Account                96,029           0      96,029           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)                                    76,849           3      18,835           0           0         263           7      57,735           3           0           1           1           1
  Deferred availability cash items                   343           0           0           0           0           0          75           0           0         267           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,097          18         654          22          22          17          89          33          19          11          18          65         129
  Other liabilities and accrued             
     dividends                                     5,912         170       2,939         207         211         527         352         330         144         141         144         232         513
                                                                                                                                                                                                        
Total liabilities                              4,421,897      77,423   2,454,957     111,097     122,655     244,075     261,283     225,430      58,316      36,761      69,211     181,300     579,389
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,974       1,334       9,865       1,735       2,536       6,693       1,787       1,332         345         144         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                  4,462,871      79,191   2,468,025     113,370     126,005     252,929     263,653     227,180      58,770      36,948      69,613     181,814     585,373

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 16, 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 16, 2017  

Federal Reserve notes outstanding                                                            1,698,901  
  Less: Notes held by F.R. Banks not subject to collateralization                              179,427  
    Federal Reserve notes to be collateralized                                               1,519,475  
Collateral held against Federal Reserve notes                                                1,519,475  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,503,238  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,251,319  
  Less: Face value of securities under reverse repurchase agreements                           325,283  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,926,036  

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.