FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                September 7, 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   Sep 6, 2017 
Federal Reserve Banks                                      Sep 6, 2017 Aug 30, 2017  Sep 7, 2016              

Reserve Bank credit                                         4,412,574   -      825   -    5,949    4,413,031  
  Securities held outright (1)                              4,239,605   -    1,580   +    9,516    4,239,599  
    U.S. Treasury securities                                2,465,295   +        5   +    1,682    2,465,289  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,126   -      439   -    4,521    2,337,126  
      Notes and bonds, inflation-indexed (2)                  109,412   +      439   +    4,859      109,412  
      Inflation compensation (3)                               18,757   +        5   +    1,344       18,751  
    Federal agency debt securities (2)                          6,757            0   -   15,735        6,757  
    Mortgage-backed securities (4)                          1,767,553   -    1,585   +   23,569    1,767,553  
  Unamortized premiums on securities held outright (5)        163,346   -      345   -   14,734      163,260  
  Unamortized discounts on securities held outright (5)       -14,556   +       21   +    1,037      -14,547  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           209   -       18   +       31          212  
    Primary credit                                                  3   +        1   -        1            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               206   -       19   +       32          212  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,708            0   +        1        1,708  
  Float                                                          -414   -       17   -       95         -654  
  Central bank liquidity swaps (8)                                 35   -        1   -      315           35  
  Other Federal Reserve assets (9)                             22,640   +    1,115   -    1,391       23,417  
Foreign currency denominated assets (10)                       21,507   -       30   +      239       21,623  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,112   +       14   +      815       49,112  
                                                                                                              
Total factors supplying reserve funds                       4,499,433   -      842   -    4,896    4,500,007  

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   Sep 6, 2017 
Federal Reserve Banks                                      Sep 6, 2017 Aug 30, 2017  Sep 7, 2016              

Currency in circulation (11)                                 1,575,108   +    7,917   +  102,612    1,578,477 
Reverse repurchase agreements (12)                             386,682   +   16,197   +   53,901      391,923 
  Foreign official and international accounts                  244,603   +    1,640   +    4,279      246,795 
  Others                                                       142,079   +   14,557   +   49,622      145,128 
Treasury cash holdings                                             169   -        4   +       58          170 
Deposits with F.R. Banks, other than reserve balances          123,625   -   26,003   -  154,522      124,868 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                37,563   -   23,494   -  198,591       38,662 
  Foreign official                                               5,168   -      116   -        3        5,166 
  Other (13)                                                    80,893   -    2,393   +   44,070       81,039 
Other liabilities and capital (14)                              47,721   -      532   +      737       47,521 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,133,304   -    2,425   +    2,785    2,142,958 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,366,129   +    1,583   -    7,680    2,357,048 

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   Sep 6, 2017 
                                                           Sep 6, 2017 Aug 30, 2017  Sep 7, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,365,751   +   20,733   +  181,687    3,368,500 
  Marketable U.S. Treasury securities (1)                    3,040,008   +   20,611   +  178,861    3,042,812 
  Federal agency debt and mortgage-backed securities (2)       264,069   -       93   +    1,215      263,993 
  Other securities (3)                                          61,674   +      215   +    1,612       61,695 
Securities lent to dealers                                      27,532   +    1,733   +    2,992       28,350 
  Overnight facility (4)                                        27,532   +    1,733   +    2,992       28,350 
    U.S. Treasury securities                                    27,532   +    1,735   +    3,008       28,350 
    Federal agency debt securities                                   0   -        2   -       16            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, September 6, 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                                           48           164             0             0             0           ...           212 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        38,559       323,379     1,144,907       325,239       633,205     2,465,289 
  Weekly changes                        -    3,197    +    7,868    +   13,063    -   18,611    +      874    -        8    -       11 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,366         1,982            62             0         2,347         6,757 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             1            93        17,608     1,749,852     1,767,553 
  Weekly changes                                 0             0    +        1    +        2    +    4,652    -    4,655             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                35             0             0             0             0             0            35 
                                                                                                                                       
Reverse repurchase agreements (4)          391,923             0           ...           ...           ...           ...       391,923 
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   
                                                                                                                       Sep 6, 2017  

Mortgage-backed securities held outright (1)                                                                             1,767,553  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           30,998  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   15  



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   
                                                                                                                       Sep 6, 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        Sep 6, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 30, 2017  Sep 7, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,834   -       24   -       85  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,388,524   -      285   -    4,128  
    Securities held outright (1)                                          4,239,599   -       11   +    9,524  
      U.S. Treasury securities                                            2,465,289   -       11   +    1,690  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,126   -      439   -    4,521  
        Notes and bonds, inflation-indexed (2)                              109,412   +      439   +    4,859  
        Inflation compensation (3)                                           18,751   -       10   +    1,352  
      Federal agency debt securities (2)                                      6,757            0   -   15,735  
      Mortgage-backed securities (4)                                      1,767,553            0   +   23,569  
    Unamortized premiums on securities held outright  
    (5)                                                                     163,260   -      282   -   14,713  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,547   +       19   +    1,036  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       212   -       11   +       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708            0   +        1  
  Items in process of collection                                   (0)           96   +       40   -      124  
  Bank premises                                                               2,197   -        7   -        7  
  Central bank liquidity swaps (8)                                               35   -        1   -      315  
  Foreign currency denominated assets (9)                                    21,623   +      129   +      160  
  Other assets (10)                                                          21,220   +    1,261   -    1,421  
                                                                                                               
Total assets                                                       (0)    4,453,474   +    1,114   -    5,920  

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        Sep 6, 2017   Wednesday    Wednesday  
                                                        consolidation                Aug 30, 2017  Sep 7, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,531,365   +    7,890   +  103,927 
  Reverse repurchase agreements (11)                                         391,923   +    3,215   +   72,144 
  Deposits                                                          (0)    2,481,916   -    9,326   -  182,637 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,357,048   +   25,092   -   24,980 
    U.S. Treasury, General Account                                            38,662   -   28,215   -  199,490 
    Foreign official                                                           5,166   +        1   -        1 
    Other (12)                                                      (0)       81,039   -    6,205   +   41,834 
  Deferred availability cash items                                  (0)          749   -      484   +       99 
  Other liabilities and accrued dividends (13)                                 6,418   -      298   -      412 
                                                                                                               
Total liabilities                                                   (0)    4,412,371   +      997   -    6,878 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,102   +      115   +      957 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 41,102   +      115   +      957 

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, September 6, 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                                             1,834          45          52          182         130         259         192         295          30          50         111         186         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,388,524      85,501   2,471,023      113,304     127,257     257,114     258,320     184,588      58,568      34,323      62,254     175,681     560,591
    Securities held outright (1)               4,239,599      82,603   2,387,284      109,465     122,945     248,401     249,558     178,312      56,534      33,054      60,127     169,724     541,593
      U.S. Treasury securities                 2,465,289      48,033   1,388,184       63,653      71,491     144,443     145,116     103,687      32,874      19,221      34,964      98,693     314,931
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,289      48,033   1,388,184       63,653      71,491     144,443     145,116     103,687      32,874      19,221      34,964      98,693     314,931
      Federal agency debt securities (2)           6,757         132       3,805          174         196         396         398         284          90          53          96         271         863
      Mortgage-backed securities (4)           1,767,553      34,438     995,295       45,637      51,257     103,562     104,045      74,341      23,570      13,781      25,068      70,760     225,798
    Unamortized premiums on securities held 
      outright (5)                               163,260       3,181      91,930        4,215       4,734       9,565       9,610       6,866       2,177       1,273       2,315       6,536      20,856
    Unamortized discounts on securities     
      held outright (5)                          -14,547        -283      -8,191         -376        -422        -852        -856        -612        -194        -113        -206        -582      -1,858
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            212           0           0            0           0           0           8          22          51         110          18           4           0
  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                      96           0           0            0           0           0          95           0           0           1           0           0           0
  Bank premises                                    2,197         118         444           72         116         198         203         200         110          88         236         220         191
  Central bank liquidity swaps (8)                    35           2          11            2           3           8           2           1           0           0           0           0           5
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,623         937       6,926        1,162       1,761       4,672       1,261         905         236          91         210         276       3,184
  Other assets (10)                               21,220         453      11,451          542         619       1,421       1,268         893         499         182         362         846       2,685
  Interdistrict settlement account                     0  -    2,893  -   69,499   -    2,220  -    1,409  -    3,495  +    1,666  +   44,496  +      351  +    3,268  +    7,923  +    8,219  +   13,594
                                                                                                                                                                                                         
Total assets                                   4,453,474      84,707   2,427,525      113,603     129,267     261,364     265,180     232,540      60,286      38,284      71,541     186,626     582,550

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, September 6, 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            1,706,291      56,430     549,160      55,287      85,360     121,595     227,588     115,097      52,289      31,280      48,397     142,785     221,021
    Less: Notes held by F.R. Banks               174,926       6,391      45,385       6,813      10,023      13,809      23,402      11,604       5,566       3,056       5,500      16,920      26,455
      Federal Reserve notes, net               1,531,365      50,039     503,775      48,473      75,337     107,786     204,186     103,493      46,722      28,224      42,897     125,865     194,566
  Reverse repurchase agreements (11)             391,923       7,636     220,689      10,119      11,365      22,963      23,070      16,484       5,226       3,056       5,558      15,690      50,067
  Deposits                                     2,481,916      25,069   1,686,898      52,503      38,969     121,172      34,966     110,487       7,704       6,073      22,529      44,283     331,262
    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                           2,357,048      25,062   1,619,164      52,500      38,966     120,890      34,957      53,681       7,689       6,073      22,528      44,282     331,256
    U.S. Treasury, General Account                38,662           0      38,662           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,139           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    81,039           5      23,933           0           0         273           7      56,804          15           0           1           1           1
  Deferred availability cash items                   749           0           0           0           0           0         153           0           0         597           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,503          43         748          45          56         105         119          60          29          14          23          70         191
  Other liabilities and accrued             
     dividends                                     4,915         152       2,348         183         191         480         315         269         143         133         131         204         365
                                                                                                                                                                                                        
Total liabilities                              4,412,371      82,939   2,414,458     111,324     125,919     252,506     262,809     230,792      59,826      38,097      71,139     186,112     576,452
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,102       1,334       9,865       1,741       2,533       6,697       1,789       1,329         351         145         305         386       4,625
  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                  4,453,474      84,707   2,427,525     113,603     129,267     261,364     265,180     232,540      60,286      38,284      71,541     186,626     582,550

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, September 6, 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   
                                                                                           Sep 6, 2017  

Federal Reserve notes outstanding                                                            1,706,291  
  Less: Notes held by F.R. Banks not subject to collateralization                              174,926  
    Federal Reserve notes to be collateralized                                               1,531,365  
Collateral held against Federal Reserve notes                                                1,531,365  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,515,128  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,599  
  Less: Face value of securities under reverse repurchase agreements                           370,401  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,869,198  

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.