FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 14, 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  Jul 13, 2016 
Federal Reserve Banks                                     Jul 13, 2016  Jul 6, 2016 Jul 15, 2015              

Reserve Bank credit                                         4,431,616   +    1,849   -   17,451    4,432,340  
  Securities held outright (1)                              4,231,137   +      107   -    2,702    4,231,178  
    U.S. Treasury securities                                2,462,499   +      106   +    1,309    2,462,541  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,557            0   -    8,084    2,338,557  
      Notes and bonds, inflation-indexed (2)                  106,669            0   +    8,135      106,669  
      Inflation compensation (3)                               17,274   +      107   +    1,259       17,316  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,743,541            0   +    6,787    1,743,541  
  Unamortized premiums on securities held outright (5)        180,263   -      311   -   17,431      180,146  
  Unamortized discounts on securities held outright (5)       -15,905   +       29   +    1,560      -15,893  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           184   -       38   +       14          289  
    Primary credit                                                 26   -       62   +       24          123  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               157   +       23   -       11          166  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,712            0   +       14        1,712  
  Float                                                          -292   +      158   +      175         -412  
  Central bank liquidity swaps (8)                              2,399   -      595   +    2,091        2,220  
  Other Federal Reserve assets (9)                             32,117   +    2,498   -    1,173       33,099  
Foreign currency denominated assets (10)                       21,245   -       49   +    1,556       21,118  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,955   +       14   +      903       47,955  
                                                                                                              
Total factors supplying reserve funds                       4,517,056   +    1,813   -   14,993    4,517,653  

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  Jul 13, 2016 
Federal Reserve Banks                                     Jul 13, 2016  Jul 6, 2016 Jul 15, 2015              

Currency in circulation (11)                                 1,464,902   -      998   +   94,528    1,464,626 
Reverse repurchase agreements (12)                             315,821   -   74,633   +   45,765      299,476 
  Foreign official and international accounts                  251,274   -    6,728   +   97,406      251,119 
  Others                                                        64,547   -   67,905   -   51,641       48,357 
Treasury cash holdings                                              70   -        1   -       11           60 
Deposits with F.R. Banks, other than reserve balances          377,413   +   19,829   +  172,926      379,353 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               316,064   +   12,767   +  139,653      307,707 
  Foreign official                                               5,196   -       29   -       47        5,196 
  Other (13)                                                    56,153   +    7,090   +   33,321       66,450 
Other liabilities and capital (14)                              48,084   +      261   -   18,831       46,838 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,206,291   -   55,542   +  294,379    2,190,352 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,310,766   +   57,356   -  309,371    2,327,301 

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  Jul 13, 2016 
                                                          Jul 13, 2016  Jul 6, 2016 Jul 15, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,222,420   -    7,085   -  122,185    3,221,171 
  Marketable U.S. Treasury securities (1)                    2,905,986   -   11,192   -   94,973    2,903,994 
  Federal agency debt and mortgage-backed securities (2)       260,804   -    1,116   -   38,061      260,807 
  Other securities (3)                                          55,631   +    5,224   +   10,850       56,371 
Securities lent to dealers                                      24,187   -    2,726   +   14,501       24,876 
  Overnight facility (4)                                        24,187   -    2,726   +   14,501       24,876 
    U.S. Treasury securities                                    24,171   -    2,720   +   14,565       24,860 
    Federal agency debt securities                                  16   -        6   -       64           16 

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, July 13, 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                                          175           114             0             0             0           ...           289 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,647        27,346       146,458     1,195,901       451,872       637,317     2,462,541 
  Weekly changes                        +        3             0    +        3    +       18    +       21    +       70    +      114 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,604         2,000        12,395         5,750             0         2,347        25,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,054         9,522     1,732,965     1,743,541 
  Weekly changes                                 0             0             0             0             0             0             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             2,220             0             0             0             0             0         2,220 
                                                                                                                                       
Reverse repurchase agreements (4)          299,476             0           ...           ...           ...           ...       299,476 
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   
                                                                                                                      Jul 13, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,541  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           44,249  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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   
                                                                                                                      Jul 13, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
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       Jul 13, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jul 6, 2016 Jul 15, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,868   +       27   -       14  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,395,720   -       33   -   25,723  
    Securities held outright (1)                                          4,231,178   +      114   -    9,763  
      U.S. Treasury securities                                            2,462,541   +      114   +    1,303  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,557            0   -    8,084  
        Notes and bonds, inflation-indexed (2)                              106,669            0   +    8,135  
        Inflation compensation (3)                                           17,316   +      114   +    1,253  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,541            0   -      266  
    Unamortized premiums on securities held outright  
    (5)                                                                     180,146   -      320   -   17,631  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,893   +       31   +    1,566  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       289   +      142   +      104  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712            0   +       14  
  Items in process of collection                                   (0)          229   -       53   +      152  
  Bank premises                                                               2,212            0   -       29  
  Central bank liquidity swaps (8)                                            2,220   -      774   +    1,912  
  Foreign currency denominated assets (9)                                    21,118   -      226   +    1,604  
  Other assets (10)                                                          30,886   +    2,657   +      682  
                                                                                                               
Total assets                                                       (0)    4,472,202   +    1,597   -   21,403  

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       Jul 13, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jul 6, 2016 Jul 15, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,418,595   -    2,266   +   92,896 
  Reverse repurchase agreements (11)                                         299,476   -   38,900   +   43,452 
  Deposits                                                          (0)    2,706,654   +   43,372   -  139,410 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,327,301   +   19,019   -  327,844 
    U.S. Treasury, General Account                                           307,707   +    9,663   +  132,001 
    Foreign official                                                           5,196            0   -       48 
    Other (12)                                                      (0)       66,450   +   14,690   +   56,482 
  Deferred availability cash items                                  (0)          640   -       44   +      303 
  Other liabilities and accrued dividends (13)                                 6,731   -      563   -      452 
                                                                                                               
Total liabilities                                                   (0)    4,432,095   +    1,598   -    3,212 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,107   -        1   +      958 
  Surplus                                                                     10,000            0   -   19,149 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,107   -        1   -   18,191 

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, July 13, 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                                             1,868          45          65          149         134         297         186         273          28          54         133         186         318
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,395,720     107,975   2,501,295      119,347     131,636     268,621     246,036     175,155      55,528      32,478      61,181     156,459     540,009
    Securities held outright (1)               4,231,178     103,940   2,407,824      114,886     126,717     258,583     236,816     168,591      53,401      31,195      58,887     150,608     519,732
      U.S. Treasury securities                 2,462,541      60,493   1,401,351       66,863      73,749     150,495     137,826      98,120      31,079      18,155      34,272      87,654     302,483
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,541      60,493   1,401,351       66,863      73,749     150,495     137,826      98,120      31,079      18,155      34,272      87,654     302,483
      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)           1,743,541      42,831     992,192       47,341      52,216     106,554      97,585      69,471      22,005      12,854      24,266      62,061     214,166
    Unamortized premiums on securities held 
      outright (5)                               180,146       4,425     102,515        4,891       5,395      11,009      10,083       7,178       2,274       1,328       2,507       6,412      22,128
    Unamortized discounts on securities     
      held outright (5)                          -15,893        -390      -9,044         -432        -476        -971        -890        -633        -201        -117        -221        -566      -1,952
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            289           0           0            1           0           0          27          19          54          73           8           5         101
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     229           0           0            0           0           0         228           0           0           0           0           0           0
  Bank premises                                    2,212         120         429           73         105         207         208         202         115          90         241         225         197
  Central bank liquidity swaps (8)                 2,220          98         732          122         169         495         123          60          23           9          22          28         338
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,118         933       6,969        1,162       1,608       4,709       1,172         566         217          90         211         268       3,212
  Other assets (10)                               30,886         800      17,099          842         930       2,063       1,754       1,247         468         250         484       1,141       3,808
  Interdistrict settlement account                     0  -   30,018  +   28,223   -   23,648  -    3,914  -   16,922  +    5,917  -    1,530  +      666  -      173  -    2,251  +   11,002  +   32,648
                                                                                                                                                                                                         
Total assets                                   4,472,202      80,504   2,561,932       98,615     131,492     260,643     257,820     177,149      57,554      33,083      60,470     170,466     582,475

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, July 13, 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            1,594,409      49,826     513,242      49,674      81,575     111,760     222,203     106,466      50,464      27,602      41,040     133,054     207,503
    Less: Notes held by F.R. Banks               175,815       5,446      54,979       5,814       8,921      12,804      25,640      11,036       5,115       2,706       4,804      14,720      23,829
      Federal Reserve notes, net               1,418,595      44,379     458,264      43,860      72,654      98,956     196,563      95,430      45,349      24,896      36,236     118,334     183,675
  Reverse repurchase agreements (11)             299,476       7,357     170,422       8,131       8,969      18,302      16,761      11,933       3,780       2,208       4,168      10,660      36,786
  Deposits                                     2,706,654      26,830   1,916,540      44,243      46,605     134,033      41,606      67,978       7,851       5,280      19,526      40,694     355,468
    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                           2,327,301      26,821   1,544,306      44,240      46,602     133,913      41,597      61,023       7,843       5,280      19,524      40,692     355,460
    U.S. Treasury, General Account               307,707           0     307,707           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,196           2       5,169           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    66,450           7      59,358           1           0         111           7       6,954           8           0           1           1           2
  Deferred availability cash items                   640           0           0           0           0           0         258           0           0         382           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,843          41       1,125          40          43          67         105          80          22          13          29          70         208
  Other liabilities and accrued             
     dividends                                     4,887         151       2,429         180         183         476         308         239         134         133         119         201         334
                                                                                                                                                                                                        
Total liabilities                              4,432,095      78,757   2,548,780      96,455     128,454     251,834     255,601     175,660      57,136      32,912      60,077     169,959     576,471
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,107       1,305       9,853       1,611       2,276       6,579       1,664       1,221         316         128         292         380       4,483
  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                  4,472,202      80,504   2,561,932      98,615     131,492     260,643     257,820     177,149      57,554      33,083      60,470     170,466     582,475

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, July 13, 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   
                                                                                          Jul 13, 2016  

Federal Reserve notes outstanding                                                            1,594,409  
  Less: Notes held by F.R. Banks not subject to collateralization                              175,815  
    Federal Reserve notes to be collateralized                                               1,418,595  
Collateral held against Federal Reserve notes                                                1,418,595  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,402,358  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,231,178  
  Less: Face value of securities under reverse repurchase agreements                           274,481  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,956,697  

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.