FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 16, 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  Jun 15, 2016 
Federal Reserve Banks                                     Jun 15, 2016  Jun 8, 2016 Jun 17, 2015              

Reserve Bank credit                                         4,431,684   +    8,676   -   19,979    4,433,227  
  Securities held outright (1)                              4,236,426   +    6,402   -    3,269    4,238,453  
    U.S. Treasury securities                                2,461,983   +      136   +    1,146    2,462,032  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,286            0   -    7,356    2,339,286  
      Notes and bonds, inflation-indexed (2)                  105,939            0   +    7,405      105,939  
      Inflation compensation (3)                               16,757   +      136   +    1,096       16,807  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,749,348   +    6,267   +    6,385    1,751,324  
  Unamortized premiums on securities held outright (5)        181,773   -      121   -   17,560      181,739  
  Unamortized discounts on securities held outright (5)       -16,007   +       32   +    1,590      -15,991  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           104   +       11   -       45          121  
    Primary credit                                                  9   +        5   -        5           23  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                95   +        6   -       40           99  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       17        1,713  
  Float                                                          -204   -       65   +      155         -238  
  Central bank liquidity swaps (8)                                  6   +        6   -      108            6  
  Other Federal Reserve assets (9)                             27,873   +    2,410   -      760       27,424  
Foreign currency denominated assets (10)                       21,089   -        8   +    1,230       21,107  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,866   +       14   +      924       47,866  
                                                                                                              
Total factors supplying reserve funds                       4,516,879   +    8,680   -   17,826    4,518,442  

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  Jun 15, 2016 
Federal Reserve Banks                                     Jun 15, 2016  Jun 8, 2016 Jun 17, 2015              

Currency in circulation (11)                                 1,456,641   -    1,598   +   91,568    1,457,220 
Reverse repurchase agreements (12)                             281,678   -   12,566   +   34,813      271,369 
  Foreign official and international accounts                  242,792   +    3,152   +   90,983      243,056 
  Others                                                        38,886   -   15,718   -   56,170       28,313 
Treasury cash holdings                                              93   -       16   -       41           89 
Deposits with F.R. Banks, other than reserve balances          280,655   +    3,193   +   46,656      338,154 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               231,257   -    5,094   +   23,609      305,523 
  Foreign official                                               5,217   +       24   -       29        5,197 
  Other (13)                                                    44,181   +    8,263   +   23,076       27,434 
Other liabilities and capital (14)                              48,658   +      152   -   18,673       46,709 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,067,726   -   10,834   +  154,325    2,113,541 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,449,153   +   19,514   -  172,151    2,404,901 

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. 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  Jun 15, 2016 
                                                          Jun 15, 2016  Jun 8, 2016 Jun 17, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,238,354   -    3,133   -  126,609    3,248,603 
  Marketable U.S. Treasury securities (1)                    2,922,809   -    3,460   -   99,613    2,934,262 
  Federal agency debt and mortgage-backed securities (2)       265,114   -      151   -   33,151      264,042 
  Other securities (3)                                          50,430   +      477   +    6,155       50,299 
Securities lent to dealers                                      21,081   +      742   +    9,938       22,876 
  Overnight facility (4)                                        21,081   +      742   +    9,938       22,876 
    U.S. Treasury securities                                    21,074   +      751   +   10,100       22,869 
    Federal agency debt securities                                   7   -        9   -      162            7 

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, June 15, 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                                           68            53             0             0             0           ...           121 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,567        24,151       140,387     1,197,994       449,658       636,276     2,462,032 
  Weekly changes                        +   13,567    -   13,563    +        4    +       22    +       24    +       82    +      135 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,604        14,395         5,750             0         2,347        25,096 
  Weekly changes                                 0             0    +      737    -      737             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           924         9,113     1,741,287     1,751,324 
  Weekly changes                                 0             0             0    -        3    -       42    +    8,289    +    8,243 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 6             0             0             0             0             0             6 
                                                                                                                                       
Reverse repurchase agreements (4)          271,369             0           ...           ...           ...           ...       271,369 
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   
                                                                                                                      Jun 15, 2016  

Mortgage-backed securities held outright (1)                                                                             1,751,324  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           30,412  
Commitments to sell mortgage-backed securities (2)                                                                              29  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   38  



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   
                                                                                                                      Jun 15, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
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 March 31, 2016. 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       Jun 15, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jun 8, 2016 Jun 17, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,844   +        5            0  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,404,322   +    8,393   -   15,056  
    Securities held outright (1)                                          4,238,453   +    8,380   +      824  
      U.S. Treasury securities                                            2,462,032   +      135   +    1,175  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,286            0   -    7,356  
        Notes and bonds, inflation-indexed (2)                              105,939            0   +    7,405  
        Inflation compensation (3)                                           16,807   +      136   +    1,126  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,751,324   +    8,243   +   10,447  
    Unamortized premiums on securities held outright  
    (5)                                                                     181,739   -       51   -   17,399  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,991   +       37   +    1,591  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       121   +       27   -       72  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       17  
  Items in process of collection                                   (0)          164   -        2   +       75  
  Bank premises                                                               2,217   +        3   -       26  
  Central bank liquidity swaps (8)                                                6   +        6   -      108  
  Foreign currency denominated assets (9)                                    21,107   -      110   +    1,313  
  Other assets (10)                                                          25,208   +      980   -    1,214  
                                                                                                               
Total assets                                                       (0)    4,472,817   +    9,275   -   15,000  

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       Jun 15, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jun 8, 2016 Jun 17, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,411,284   -    1,175   +   90,921 
  Reverse repurchase agreements (11)                                         271,369   -   13,666   +    9,920 
  Deposits                                                          (0)    2,743,055   +   25,098   -   97,201 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,404,901   -   43,917   -  170,605 
    U.S. Treasury, General Account                                           305,523   +   80,407   +   54,154 
    Foreign official                                                           5,197   +        2   -       45 
    Other (12)                                                      (0)       27,434   -   11,394   +   19,296 
  Deferred availability cash items                                  (0)          402   +      110   +       36 
  Other liabilities and accrued dividends (13)                                 6,597   -    1,107   -      514 
                                                                                                               
Total liabilities                                                   (0)    4,432,706   +    9,259   +    3,161 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,111   +       16   +      975 
  Surplus                                                                     10,000            0   -   19,136 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,111   +       16   -   18,161 

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. 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, June 15, 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         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,844          49          59          133         134         295         186         274          25          53         144         184         307
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,404,322     108,190   2,506,286      119,584     131,898     269,157     246,505     175,497      55,616      32,528      61,308     156,767     540,985
    Securities held outright (1)               4,238,453     104,119   2,411,964      115,083     126,935     259,028     237,223     168,881      53,493      31,248      58,988     150,867     520,626
      U.S. Treasury securities                 2,462,032      60,480   1,401,061       66,850      73,734     150,464     137,798      98,099      31,073      18,151      34,265      87,635     302,421
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,032      60,480   1,401,061       66,850      73,734     150,464     137,798      98,099      31,073      18,151      34,265      87,635     302,421
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,751,324      43,022     996,621       47,552      52,449     107,030      98,020      69,781      22,103      12,912      24,374      62,338     215,122
    Unamortized premiums on securities held 
      outright (5)                               181,739       4,464     103,422        4,935       5,443      11,107      10,172       7,241       2,294       1,340       2,529       6,469      22,324
    Unamortized discounts on securities     
      held outright (5)                          -15,991        -393      -9,100         -434        -479        -977        -895        -637        -202        -118        -223        -569      -1,964
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            121           0           0            0           0           0           6          12          32          58          13           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     164           0           0            0           0           0         163           0           0           1           0           0           0
  Bank premises                                    2,217         120         429           74         105         208         209         202         116          90         241         225         197
  Central bank liquidity swaps (8)                     6           0           2            0           0           1           0           0           0           0           0           0           1
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,107         933       6,966        1,161       1,608       4,707       1,172         566         217          90         211         268       3,211
  Other assets (10)                               25,208         653      13,812          687         755       1,699       1,411       1,009         525         206         396         951       3,104
  Interdistrict settlement account                     0  -   21,148  +   16,704   -    2,386  -    6,274  -   17,354  +    4,867  -    2,077  +      174  -    1,397  -    2,414  +   11,692  +   19,611
                                                                                                                                                                                                         
Total assets                                   4,472,817      89,348   2,551,376      119,823     129,050     259,886     256,708     176,649      57,183      31,855      60,335     171,244     569,361

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, June 15, 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            1,584,880      49,640     507,723      49,573      81,467     109,445     222,431     106,537      50,645      27,245      40,270     132,383     207,522
    Less: Notes held by F.R. Banks               173,597       5,475      54,837       5,731       9,148      12,489      25,383      10,394       4,984       2,730       5,170      14,219      23,037
      Federal Reserve notes, net               1,411,284      44,164     452,886      43,842      72,320      96,956     197,048      96,143      45,660      24,515      35,100     118,163     184,485
  Reverse repurchase agreements (11)             271,369       6,666     154,427       7,368       8,127      16,584      15,188      10,813       3,425       2,001       3,777       9,659      33,333
  Deposits                                     2,743,055      36,575   1,927,604      66,215      45,319     136,941      41,767      67,882       7,526       4,690      20,923      42,643     344,970
    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                           2,404,901      36,559   1,597,211      66,213      45,316     136,772      41,758      60,346       7,514       4,690      20,921      42,641     344,959
    U.S. Treasury, General Account               305,523           0     305,523           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,197           2       5,171           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    27,434          14      19,700           0           0         160           7       7,535          12           0           1           1           5
  Deferred availability cash items                   402           0           0           0           0           0          66           0           0         336           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,672          35         993          40          47          81         100          70          17          12          17          63         196
  Other liabilities and accrued             
     dividends                                     4,926         161       2,314         195         199         512         323         252         137         132         127         206         369
                                                                                                                                                                                                        
Total liabilities                              4,432,706      87,601   2,538,224     117,660     126,012     251,075     254,491     175,161      56,765      31,684      59,943     170,735     563,354
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,111       1,305       9,853       1,612       2,276       6,581       1,661       1,220         315         128         292         382       4,486
  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                  4,472,817      89,348   2,551,376     119,823     129,050     259,886     256,708     176,649      57,183      31,855      60,335     171,244     569,361

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, June 15, 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. 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   
                                                                                          Jun 15, 2016  

Federal Reserve notes outstanding                                                            1,584,880  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,597  
    Federal Reserve notes to be collateralized                                               1,411,284  
Collateral held against Federal Reserve notes                                                1,411,284  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,395,047  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,238,453  
  Less: Face value of securities under reverse repurchase agreements                           253,225  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,985,227  

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.