FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     June 9, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jun 8, 2016 
Federal Reserve Banks                                      Jun 8, 2016  Jun 1, 2016 Jun 10, 2015              

Reserve Bank credit                                         4,423,008   +    1,124   -    5,590    4,423,957  
  Securities held outright (1)                              4,230,024   +      133   +   10,910    4,230,073  
    U.S. Treasury securities                                2,461,847   +      128   +    1,064    2,461,897  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,286   -    2,004   -    7,357    2,339,286  
      Notes and bonds, inflation-indexed (2)                  105,939   +    2,004   +    7,405      105,939  
      Inflation compensation (3)                               16,621   +      127   +    1,015       16,671  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,743,081   +        6   +   20,645    1,743,081  
  Unamortized premiums on securities held outright (5)        181,894   -      263   -   17,182      181,790  
  Unamortized discounts on securities held outright (5)       -16,039   +       14   +    1,592      -16,028  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            93   +        8   -       30           94  
    Primary credit                                                  4            0   -        2            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                89   +        7   -       27           93  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       14        1,713  
  Float                                                          -139   +      655   +      251         -127  
  Central bank liquidity swaps (8)                                  0   -      801            0            0  
  Other Federal Reserve assets (9)                             25,463   +    1,379   -    1,144       26,442  
Foreign currency denominated assets (10)                       21,097   +      411   +    1,378       21,217  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,847   +       14   +      934       47,847  
                                                                                                              
Total factors supplying reserve funds                       4,508,193   +    1,550   -    3,278    4,509,262  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jun 8, 2016 
Federal Reserve Banks                                      Jun 8, 2016  Jun 1, 2016 Jun 10, 2015              

Currency in circulation (11)                                 1,458,234   +      625   +   91,400    1,458,377 
Reverse repurchase agreements (12)                             294,244   -    6,621   +   63,045      285,035 
  Foreign official and international accounts                  239,640   -    6,315   +   92,321      243,590 
  Others                                                        54,604   -      306   -   29,276       41,445 
Treasury cash holdings                                             109   -        3   -       85           94 
Deposits with F.R. Banks, other than reserve balances          277,462   -   29,443   +   85,314      269,139 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               236,351   -   31,597   +   57,883      225,116 
  Foreign official                                               5,193   +        1   -       48        5,195 
  Other (13)                                                    35,918   +    2,152   +   27,479       38,828 
Other liabilities and capital (14)                              48,506   +    1,307   -   18,308       47,799 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,078,554   -   34,136   +  221,365    2,060,444 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,429,639   +   35,686   -  224,642    2,448,818 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jun 8, 2016 
                                                           Jun 8, 2016  Jun 1, 2016 Jun 10, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,241,487   +   11,562   -  115,311    3,226,483 
  Marketable U.S. Treasury securities (1)                    2,926,269   +   11,004   -   98,953    2,910,927 
  Federal agency debt and mortgage-backed securities (2)       265,265   +      148   -   22,250      265,324 
  Other securities (3)                                          49,953   +      409   +    5,892       50,233 
Securities lent to dealers                                      20,339   -    1,681   +   10,207       19,877 
  Overnight facility (4)                                        20,339   -    1,681   +   10,207       19,877 
    U.S. Treasury securities                                    20,323   -    1,681   +   10,393       19,869 
    Federal agency debt securities                                  16            0   -      186            8 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 8, 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                                           15            79             0             0             0           ...            94 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        37,714       140,383     1,197,972       449,634       636,194     2,461,897 
  Weekly changes                                 0    +    6,980    -    6,971    +       21    +       24    +       82    +      136 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,604        13,658         6,487             0         2,347        25,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           927         9,155     1,732,998     1,743,081 
  Weekly changes                                 0             0             0    +       41    -       34    -        2    +        5 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          285,035             0           ...           ...           ...           ...       285,035 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jun 8, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,081  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           43,590  
Commitments to sell mortgage-backed securities (2)                                                                             126  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    8  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jun 8, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jun 8, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jun 1, 2016 Jun 10, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,839   +       11   +       10  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,395,929   -      146   -    4,670  
    Securities held outright (1)                                          4,230,073   +      140   +   10,938  
      U.S. Treasury securities                                            2,461,897   +      136   +    1,094  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,286            0   -    7,357  
        Notes and bonds, inflation-indexed (2)                              105,939            0   +    7,405  
        Inflation compensation (3)                                           16,671   +      135   +    1,045  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,081   +        5   +   20,644  
    Unamortized premiums on securities held outright  
    (5)                                                                     181,790   -      322   -   17,162  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,028   +       31   +    1,592  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        94   +        5   -       38  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       17  
  Items in process of collection                                   (0)          166   -       74   +       84  
  Bank premises                                                               2,214            0   -       26  
  Central bank liquidity swaps (8)                                                0   -      801            0  
  Foreign currency denominated assets (9)                                    21,217   +      487   +    1,261  
  Other assets (10)                                                          24,228   +    2,672   -    1,139  
                                                                                                               
Total assets                                                       (0)    4,463,542   +    2,149   -    4,463  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jun 8, 2016   Wednesday    Wednesday  
                                                        consolidation                 Jun 1, 2016 Jun 10, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,412,459   -    1,098   +   90,406 
  Reverse repurchase agreements (11)                                         285,035   -   17,639   +   58,836 
  Deposits                                                          (0)    2,717,957   +   20,127   -  135,574 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,448,818   +   47,849   -  212,843 
    U.S. Treasury, General Account                                           225,116   -   34,577   +   52,198 
    Foreign official                                                           5,195   +       16   -       46 
    Other (12)                                                      (0)       38,828   +    6,839   +   25,117 
  Deferred availability cash items                                  (0)          292   -      276   -      252 
  Other liabilities and accrued dividends (13)                                 7,704   +    1,031   +      277 
                                                                                                               
Total liabilities                                                   (0)    4,423,447   +    2,144   +   13,693 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,095   +        5   +      970 
  Surplus                                                                     10,000            0   -   19,125 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,095   +        5   -   18,156 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 8, 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                                             1,839          51          60          131         136         294         185         273          23          52         147         185         304
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,395,929     107,985   2,501,525      119,357     131,648     268,646     246,036     175,164      55,511      32,439      61,193     156,469     539,957
    Securities held outright (1)               4,230,073     103,913   2,407,196      114,856     126,684     258,515     236,754     168,547      53,387      31,186      58,872     150,568     519,596
      U.S. Treasury securities                 2,461,897      60,477   1,400,985       66,846      73,730     150,456     137,790      98,094      31,071      18,150      34,263      87,631     302,404
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,897      60,477   1,400,985       66,846      73,730     150,456     137,790      98,094      31,071      18,150      34,263      87,631     302,404
      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)           1,743,081      42,819     991,930       47,328      52,202     106,526      97,559      69,453      21,999      12,851      24,259      62,044     214,109
    Unamortized premiums on securities held 
      outright (5)                               181,790       4,466     103,450        4,936       5,444      11,110      10,175       7,243       2,294       1,340       2,530       6,471      22,330
    Unamortized discounts on securities     
      held outright (5)                          -16,028        -394      -9,121         -435        -480        -980        -897        -639        -202        -118        -223        -571      -1,969
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             94           0           0            0           0           0           5          12          32          31          14           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     166           0           0            0           0           0         165           0           0           0           0           0           0
  Bank premises                                    2,214         120         429           74         105         208         207         202         116          90         241         225         197
  Central bank liquidity swaps (8)                     0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,217         938       7,002        1,167       1,616       4,731       1,178         569         218          91         212         269       3,227
  Other assets (10)                               24,228         626      13,251          658         725       1,640       1,371         978         520         204         380         894       2,981
  Interdistrict settlement account                     0  -   20,043  -   16,017   -    1,375  -    4,794  -   10,768  +    6,701  +    4,835  +      989  -    1,041  -    2,139  +   11,620  +   32,032
                                                                                                                                                                                                         
Total assets                                   4,463,542      90,227   2,513,369      120,580     130,258     265,923     258,037     183,198      57,887      32,118      60,482     170,818     580,643

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 8, 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            1,583,055      49,674     505,926      49,639      81,783     109,340     222,439     106,859      50,768      27,272      40,251     132,158     206,945
    Less: Notes held by F.R. Banks               170,596       5,223      55,506       5,746       8,955      11,976      24,653      10,013       4,819       2,717       5,058      13,542      22,387
      Federal Reserve notes, net               1,412,459      44,451     450,420      43,893      72,828      97,365     197,785      96,846      45,949      24,555      35,193     118,616     184,558
  Reverse repurchase agreements (11)             285,035       7,002     162,204       7,739       8,536      17,420      15,953      11,357       3,597       2,101       3,967      10,146      35,012
  Deposits                                     2,717,957      36,814   1,883,631      66,516      45,562     141,612      41,544      73,164       7,763       4,933      20,778      41,267     354,373
    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                           2,448,818      36,804   1,621,835      66,514      45,559     141,423      41,535      66,058       7,753       4,933      20,777      41,266     354,362
    U.S. Treasury, General Account               225,116           0     225,116           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,195           2       5,168           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    38,828           8      31,512           0           0         180           7       7,105          10           0           1           1           5
  Deferred availability cash items                   292           0           0           0           0           0          82           0           0         210           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,504          62       1,362          77          97         202         139          88          25          16          32          80         323
  Other liabilities and accrued             
     dividends                                     5,200         151       2,616         193         197         514         317         254         135         132         119         201         369
                                                                                                                                                                                                        
Total liabilities                              4,423,447      88,481   2,500,233     118,418     127,220     257,112     255,821     181,710      57,469      31,948      60,090     170,309     574,636
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,095       1,305       9,837       1,612       2,276       6,581       1,661       1,220         315         128         292         382       4,486
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,463,542      90,227   2,513,369     120,580     130,258     265,923     258,037     183,198      57,887      32,118      60,482     170,818     580,643

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 8, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jun 8, 2016  

Federal Reserve notes outstanding                                                            1,583,055  
  Less: Notes held by F.R. Banks not subject to collateralization                              170,596  
    Federal Reserve notes to be collateralized                                               1,412,459  
Collateral held against Federal Reserve notes                                                1,412,459  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,396,222  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,073  
  Less: Face value of securities under reverse repurchase agreements                           266,601  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,963,473  

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.