FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 December 8, 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   Dec 7, 2016 
Federal Reserve Banks                                      Dec 7, 2016 Nov 30, 2016  Dec 9, 2015              

Reserve Bank credit                                         4,409,458   -    1,474   -   32,167    4,410,086  
  Securities held outright (1)                              4,222,996   -    2,625   -   16,333    4,222,666  
    U.S. Treasury securities                                2,463,826   -        7   +    2,232    2,463,496  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,446   -    1,061   -    7,193    2,339,103  
      Notes and bonds, inflation-indexed (2)                  106,697   +    1,004   +    8,163      106,697  
      Inflation compensation (3)                               17,683   +       51   +    1,262       17,696  
    Federal agency debt securities (2)                         18,493            0   -   14,451       18,493  
    Mortgage-backed securities (4)                          1,740,677   -    2,618   -    4,114    1,740,677  
  Unamortized premiums on securities held outright (5)        174,566   -      421   -   16,061      174,450  
  Unamortized discounts on securities held outright (5)       -15,209   -        4   +    1,477      -15,197  
  Repurchase agreements (6)                                         8   +        8   +        8           59  
  Loans                                                            37   -        1   -       39           79  
    Primary credit                                                 14   +        6   +       12           55  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                22   -        8   -       52           24  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707   +        6   -        9        1,707  
  Float                                                          -396   +      211   -      680         -388  
  Central bank liquidity swaps (8)                              1,329   +      152   +    1,193        1,329  
  Other Federal Reserve assets (9)                             24,419   +    1,198   -    1,725       25,380  
Foreign currency denominated assets (10)                       19,892   +       61   +      388       19,982  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,436   +       14   +      887       48,436  
                                                                                                              
Total factors supplying reserve funds                       4,494,027   -    1,399   -   30,892    4,494,745  

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   Dec 7, 2016 
Federal Reserve Banks                                      Dec 7, 2016 Nov 30, 2016  Dec 9, 2015              

Currency in circulation (11)                                 1,494,520   -      217   +   83,730    1,497,338 
Reverse repurchase agreements (12)                             415,682   +   26,333   +  150,782      423,548 
  Foreign official and international accounts                  243,884   -    5,938   +   53,874      237,736 
  Others                                                       171,798   +   32,270   +   96,908      185,812 
Treasury cash holdings                                             162   -        4   -       89          160 
Deposits with F.R. Banks, other than reserve balances          392,670   -   75,518   +  134,813      392,957 
  Term deposits held by depository institutions                      0            0   -   43,832            0 
  U.S. Treasury, General Account                               343,355   -   66,005   +  156,731      344,032 
  Foreign official                                               5,167   -        8   -       90        5,167 
  Other (13)                                                    44,148   -    9,505   +   22,003       43,758 
Other liabilities and capital (14)                              47,014   +      712   -   20,237       47,140 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,350,048   -   48,694   +  349,000    2,361,144 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,143,979   +   47,295   -  379,891    2,133,602 

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   Dec 7, 2016 
                                                           Dec 7, 2016 Nov 30, 2016  Dec 9, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,138,938   +   12,140   -  178,995    3,140,986 
  Marketable U.S. Treasury securities (1)                    2,813,433   +   10,781   -  186,347    2,815,607 
  Federal agency debt and mortgage-backed securities (2)       265,528   +    1,103   -    6,486      265,419 
  Other securities (3)                                          59,976   +      255   +   13,837       59,960 
Securities lent to dealers                                      26,073   +    3,859   +   13,097       24,230 
  Overnight facility (4)                                        26,073   +    3,859   +   13,097       24,230 
    U.S. Treasury securities                                    26,047   +    3,848   +   13,201       24,205 
    Federal agency debt securities                                  27   +       12   -      104           25 

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, December 7, 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                                           60            19             0             0             0           ...            79 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        42,494       146,820     1,241,832       399,255       633,096     2,463,496 
  Weekly changes                                 0    +        1             0    +        6    -      393    +       22    -      365 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,313         2,851         8,938         2,044             0         2,347        18,493 
  Weekly changes                        +    1,269    -    1,269             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            76        10,862     1,729,740     1,740,677 
  Weekly changes                                 0             0             0    +        5    +      179    -      180    +        3 
Repurchase agreements (4)                       59             0           ...           ...           ...           ...            59 
Central bank liquidity swaps (5)             1,329             0             0             0             0             0         1,329 
                                                                                                                                       
Reverse repurchase agreements (4)          423,548             0           ...           ...           ...           ...       423,548 
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   
                                                                                                                       Dec 7, 2016  

Mortgage-backed securities held outright (1)                                                                             1,740,677  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           47,109  
Commitments to sell mortgage-backed securities (2)                                                                              77  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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   
                                                                                                                       Dec 7, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
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 September 30, 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        Dec 7, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 30, 2016  Dec 9, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,849   +       20   -       38  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,382,058   -      560   -   31,195  
    Securities held outright (1)                                          4,222,666   -      362   -   16,664  
      U.S. Treasury securities                                            2,463,496   -      365   +    1,907  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,103   -      400   -    7,536  
        Notes and bonds, inflation-indexed (2)                              106,697            0   +    8,163  
        Inflation compensation (3)                                           17,696   +       35   +    1,280  
      Federal agency debt securities (2)                                     18,493            0   -   14,451  
      Mortgage-backed securities (4)                                      1,740,677   +        3   -    4,119  
    Unamortized premiums on securities held outright  
    (5)                                                                     174,450   -      329   -   16,068  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,197   +       32   +    1,478  
    Repurchase agreements (6)                                                    59   +       59   +       59  
    Loans                                                                        79   +       39   -        2  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   -        8  
  Items in process of collection                                   (0)           77   +       20   -      289  
  Bank premises                                                               2,199   -       11   -       30  
  Central bank liquidity swaps (8)                                            1,329   -       11   +    1,193  
  Foreign currency denominated assets (9)                                    19,982   +      244   +      313  
  Other assets (10)                                                          23,181   +    2,610   -    1,761  
                                                                                                               
Total assets                                                       (0)    4,448,618   +    2,311   -   31,818  

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        Dec 7, 2016   Wednesday    Wednesday  
                                                        consolidation                Nov 30, 2016  Dec 9, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,450,907   +    2,276   +   83,565 
  Reverse repurchase agreements (11)                                         423,548   -   39,143   +  139,718 
  Deposits                                                          (0)    2,526,559   +   38,589   -  235,671 
    Term deposits held by depository institutions                                  0            0   -   43,832 
    Other deposits held by depository institutions                         2,133,602   +  118,289   -  376,413 
    U.S. Treasury, General Account                                           344,032   -   78,002   +  168,286 
    Foreign official                                                           5,167   -        2   -      262 
    Other (12)                                                      (0)       43,758   -    1,696   +   16,550 
  Deferred availability cash items                                  (0)          464   -      973   +      141 
  Other liabilities and accrued dividends (13)                                 6,741   +    1,541   -    1,271 
                                                                                                               
Total liabilities                                                   (0)    4,408,219   +    2,291   -   13,518 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,399   +       20   +    1,049 
  Surplus                                                                     10,000            0   -   19,350 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,399   +       20   -   18,301 

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, 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, December 7, 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                                             1,849          46          66          160         134         304         178         275          29          50         113         187         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,382,058     107,644   2,493,640      118,980     131,234     267,799     245,256     174,605      55,309      32,313      60,992     155,978     538,306
    Securities held outright (1)               4,222,666     103,731   2,402,980      114,655     126,462     258,063     236,339     168,252      53,293      31,132      58,768     150,305     518,686
      U.S. Treasury securities                 2,463,496      60,516   1,401,895       66,889      73,778     150,553     137,880      98,158      31,091      18,162      34,285      87,688     302,601
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,496      60,516   1,401,895       66,889      73,778     150,553     137,880      98,158      31,091      18,162      34,285      87,688     302,601
      Federal agency debt securities (2)          18,493         454      10,524          502         554       1,130       1,035         737         233         136         257         658       2,272
      Mortgage-backed securities (4)           1,740,677      42,760     990,562       47,263      52,130     106,379      97,424      69,357      21,969      12,833      24,226      61,959     213,814
    Unamortized premiums on securities held 
      outright (5)                               174,450       4,285      99,274        4,737       5,224      10,661       9,764       6,951       2,202       1,286       2,428       6,210      21,428
    Unamortized discounts on securities     
      held outright (5)                          -15,197        -373      -8,648         -413        -455        -929        -851        -606        -192        -112        -211        -541      -1,867
    Repurchase agreements (6)                         59           1          34            2           2           4           3           2           1           0           1           2           7
    Loans                                             79           0           0            0           1           0           0           6           5           7           7           3          51
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      77           0           0            0           0           0          76           0           0           1           0           0           0
  Bank premises                                    2,199         117         432           72         105         204         206         200         114          90         239         223         195
  Central bank liquidity swaps (8)                 1,329          59         438           73         101         296          74          36          14           6          13          17         202
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,982         883       6,595        1,099       1,522       4,456       1,109         536         205          85         199         253       3,039
  Other assets (10)                               23,181         600      12,687          630         694       1,565       1,317         930         500         192         368         853       2,846
  Interdistrict settlement account                     0  -   22,931  -   30,789   -   10,148  -    8,346  -   13,402  +   15,928  +   19,566  +    3,853  +    3,313  +    1,620  +   22,326  +   19,011
                                                                                                                                                                                                         
Total assets                                   4,448,618      86,969   2,490,183      111,436     126,266     262,394     266,339     197,325      60,532      36,333      63,993     180,995     565,853

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, December 7, 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            1,634,216      51,019     534,589      51,986      80,522     116,057     222,916     109,328      49,797      28,372      44,317     135,607     209,705
    Less: Notes held by F.R. Banks               183,309       5,898      52,380       6,446       9,107      13,693      26,736      11,605       5,447       3,046       5,871      16,110      26,970
      Federal Reserve notes, net               1,450,907      45,121     482,209      45,541      71,415     102,364     196,180      97,722      44,350      25,325      38,446     119,497     182,735
  Reverse repurchase agreements (11)             423,548      10,405     241,027      11,500      12,685      25,885      23,706      16,876       5,346       3,123       5,895      15,076      52,026
  Deposits                                     2,526,559      29,478   1,750,704      51,954      38,651     124,671      43,593      80,888      10,232       7,191      19,103      45,627     324,466
    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                           2,133,602      29,473   1,371,804      51,952      38,648     124,442      43,584      67,116      10,213       7,191      19,102      45,626     324,451
    U.S. Treasury, General Account               344,032           0     344,032           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,167           2       5,141           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    43,758           3      29,727           0           0         220           7      13,770          19           0           1           1           8
  Deferred availability cash items                   464           0           0           0           0           0          93           0           0         371           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,263          60       1,238          67          80         172         133          86          27          15          29          77         279
  Other liabilities and accrued             
     dividends                                     4,479         144       1,959         187         194         497         303         249         141         136         124         201         343
                                                                                                                                                                                                        
Total liabilities                              4,408,219      85,207   2,477,137     109,249     123,024     253,588     264,008     195,822      60,097      36,162      63,597     180,479     559,849
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,399       1,320       9,747       1,637       2,480       6,575       1,776       1,235         333         128         296         389       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                  4,448,618      86,969   2,490,183     111,436     126,266     262,394     266,339     197,325      60,532      36,333      63,993     180,995     565,853

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, December 7, 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   
                                                                                           Dec 7, 2016  

Federal Reserve notes outstanding                                                            1,634,216  
  Less: Notes held by F.R. Banks not subject to collateralization                              183,309  
    Federal Reserve notes to be collateralized                                               1,450,907  
Collateral held against Federal Reserve notes                                                1,450,907  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,434,670  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,222,725  
  Less: Face value of securities under reverse repurchase agreements                           408,162  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,814,563  

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.