FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 24, 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  Mar 23, 2016 
Federal Reserve Banks                                     Mar 23, 2016 Mar 16, 2016 Mar 25, 2015              

Reserve Bank credit                                         4,450,735   +    4,495   -    2,476    4,453,820  
  Securities held outright (1)                              4,250,757   +    3,408   +   12,919    4,253,473  
    U.S. Treasury securities                                2,461,267   +       44   +    1,557    2,461,283  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,344,518            0   -    2,192    2,344,518  
      Notes and bonds, inflation-indexed (2)                  100,880            0   +    2,411      100,880  
      Inflation compensation (3)                               15,868   +       43   +    1,337       15,884  
    Federal agency debt securities (2)                         29,257   -    1,472   -    7,620       29,257  
    Mortgage-backed securities (4)                          1,760,233   +    4,837   +   18,982    1,762,933  
  Unamortized premiums on securities held outright (5)        186,216   -      129   -   17,117      186,225  
  Unamortized discounts on securities held outright (5)       -16,347   +       37   +    1,654      -16,335  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            19   +        4   +        3           18  
    Primary credit                                                  4            0   -        2            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                15   +        4   +        5           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       30        1,722  
  Float                                                          -228   +      149   +      183         -249  
  Central bank liquidity swaps (8)                                 53   -       23   +       50           53  
  Other Federal Reserve assets (9)                             28,543   +    1,049   -      198       28,913  
Foreign currency denominated assets (10)                       20,681   +      269   +    1,086       20,508  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,714   +       14   +    1,066       47,714  
                                                                                                              
Total factors supplying reserve funds                       4,535,371   +    4,777   -      324    4,538,282  

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  Mar 23, 2016 
Federal Reserve Banks                                     Mar 23, 2016 Mar 16, 2016 Mar 25, 2015              

Currency in circulation (11)                                 1,439,660   +    1,932   +   83,615    1,441,401 
Reverse repurchase agreements (12)                             299,132   +   18,793   +       16      307,555 
  Foreign official and international accounts                  237,440   -    2,639   +   96,439      237,480 
  Others                                                        61,692   +   21,431   -   96,423       70,075 
Treasury cash holdings                                             228   -       10   +       31          217 
Deposits with F.R. Banks, other than reserve balances          326,338   +   61,276   +  218,006      310,672 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               296,956   +   61,322   +  211,049      277,707 
  Foreign official                                               5,172            0   -       67        5,173 
  Other (13)                                                    24,210   -       47   +    7,024       27,793 
Other liabilities and capital (14)                              47,478   -      236   -   17,900       46,611 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,112,837   +   81,755   +  283,769    2,106,456 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,422,534   -   76,978   -  284,093    2,431,826 

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.                        
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  Mar 23, 2016 
                                                          Mar 23, 2016 Mar 16, 2016 Mar 25, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,256,269   +    4,403   +   22,400    3,253,585 
  Marketable U.S. Treasury securities (1)                    2,942,303   +    5,747   +   34,568    2,939,861 
  Federal agency debt and mortgage-backed securities (2)       265,863   -      415   -   16,615      265,836 
  Other securities (3)                                          48,103   -      929   +    4,447       47,889 
Securities lent to dealers                                      20,877   +    1,048   +    8,278       19,995 
  Overnight facility (4)                                        20,877   +    1,048   +    8,278       19,995 
    U.S. Treasury securities                                    20,842   +    1,071   +    8,672       19,953 
    Federal agency debt securities                                  35   -       23   -      394           42 

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, March 23, 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                                           18             0             0             0             0           ...            18 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,587        67,034       117,589     1,152,298       468,561       632,214     2,461,283 
  Weekly changes                                 0             0    +        2    +        7    +        6    +       28    +       44 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,161        11,767        10,982             0         2,347        29,257 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           777         9,014     1,753,142     1,762,933 
  Weekly changes                                 0             0             0    +        1    +       23    +    4,827    +    4,851 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                53             0             0             0             0             0            53 
                                                                                                                                       
Reverse repurchase agreements (4)          307,555             0           ...           ...           ...           ...       307,555 
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   
                                                                                                                      Mar 23, 2016  

Mortgage-backed securities held outright (1)                                                                             1,762,933  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,103  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Mar 23, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
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 December 31, 2015. 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       Mar 23, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 16, 2016 Mar 25, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,896   -       21   +       57  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,423,381   +    4,762   +    9,964  
    Securities held outright (1)                                          4,253,473   +    4,894   +   25,021  
      U.S. Treasury securities                                            2,461,283   +       44   +    1,617  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,518            0   -    2,192  
        Notes and bonds, inflation-indexed (2)                              100,880            0   +    2,411  
        Inflation compensation (3)                                           15,884   +       43   +    1,397  
      Federal agency debt securities (2)                                     29,257            0   -    7,620  
      Mortgage-backed securities (4)                                      1,762,933   +    4,851   +   31,024  
    Unamortized premiums on securities held outright  
    (5)                                                                     186,225   -      146   -   16,710  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,335   +       32   +    1,649  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        18   -       19   +        3  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       30  
  Items in process of collection                                   (0)          148   -        2   -       34  
  Bank premises                                                               2,227            0   -       21  
  Central bank liquidity swaps (8)                                               53   -       23   +       50  
  Foreign currency denominated assets (9)                                    20,508   +      185   +      696  
  Other assets (10)                                                          26,686   +    1,622   +    1,512  
                                                                                                               
Total assets                                                       (0)    4,492,857   +    6,524   +   12,254  

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       Mar 23, 2016   Wednesday    Wednesday  
                                                        consolidation                Mar 16, 2016 Mar 25, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,395,796   +    1,841   +   82,882 
  Reverse repurchase agreements (11)                                         307,555   +   17,667   +   28,708 
  Deposits                                                          (0)    2,742,498   -   13,495   -   81,338 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,431,826   -   23,696   -  305,976 
    U.S. Treasury, General Account                                           277,707   -    1,374   +  206,382 
    Foreign official                                                           5,173   -        2   -       52 
    Other (12)                                                      (0)       27,793   +   11,578   +   18,309 
  Deferred availability cash items                                  (0)          397   +       52   -      348 
  Other liabilities and accrued dividends (13)                                 6,623   +       17   -       25 
                                                                                                               
Total liabilities                                                   (0)    4,452,869   +    6,082   +   29,880 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,988   +      442   +    1,181 
  Surplus                                                                     10,000            0   -   18,807 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,988   +      442   -   17,626 

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.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 23, 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         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,896          48          87          132         136         300         180         280          24          57         153         186         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,423,381     112,130   2,655,398      110,016     106,348     240,249     249,089     164,355      46,130      26,906      57,466     142,491     512,803
    Securities held outright (1)               4,253,473     107,823   2,553,411      105,791     102,264     231,021     239,522     158,035      44,357      25,868      55,255     137,018     493,107
      U.S. Treasury securities                 2,461,283      62,392   1,477,538       61,216      59,175     133,681     138,600      91,448      25,667      14,969      31,973      79,286     285,338
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,283      62,392   1,477,538       61,216      59,175     133,681     138,600      91,448      25,667      14,969      31,973      79,286     285,338
      Federal agency debt securities (2)          29,257         742      17,563          728         703       1,589       1,648       1,087         305         178         380         942       3,392
      Mortgage-backed securities (4)           1,762,933      44,689   1,058,310       43,847      42,385      95,751      99,274      65,501      18,385      10,721      22,901      56,790     204,378
    Unamortized premiums on securities held 
      outright (5)                               186,225       4,721     111,793        4,632       4,477      10,115      10,487       6,919       1,942       1,133       2,419       5,999      21,589
    Unamortized discounts on securities     
      held outright (5)                          -16,335        -414      -9,806         -406        -393        -887        -920        -607        -170         -99        -212        -526      -1,894
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             18           0           0            0           0           0           0           7           1           5           5           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     148           0           0            0           0           0         148           0           0           0           0           0           0
  Bank premises                                    2,227         123         433           74         105         210         207         203         117          91         240         226         199
  Central bank liquidity swaps (8)                    53           2          17            3           4          12           3           1           0           0           1           1           8
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,508         930       6,612        1,146       1,599       4,705       1,167         551         191          86         216         295       3,011
  Other assets (10)                               26,686         713      15,483          673         652       1,636       1,517       1,007         349         183         393         960       3,121
  Interdistrict settlement account                     0  -   26,842  -  187,452   +   13,292  +   17,811  +   37,966  +   12,529  +    6,573  +   12,247  +    5,955  +    2,887  +   27,343  +   77,692
                                                                                                                                                                                                         
Total assets                                   4,492,857      87,647   2,497,825      125,886     127,396     286,273     267,094     174,127      59,507      33,541      61,795     172,674     599,092

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, March 23, 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            1,563,675      49,231     497,753      49,186      81,686     107,761     222,942     104,574      50,868      26,981      40,033     129,548     203,114
    Less: Notes held by F.R. Banks               167,879       5,353      58,068       5,815       8,559      11,638      22,127      10,360       4,813       2,454       4,718      12,394      21,581
      Federal Reserve notes, net               1,395,796      43,878     439,685      43,371      73,127      96,123     200,816      94,213      46,055      24,527      35,315     117,154     181,532
  Reverse repurchase agreements (11)             307,555       7,796     184,629       7,649       7,394      16,704      17,319      11,427       3,207       1,870       3,995       9,907      35,655
  Deposits                                     2,742,498      34,019   1,857,175      72,443      43,619     163,995      46,236      66,674       9,686       6,529      21,954      44,855     375,313
    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                           2,431,826      34,014   1,553,593      72,440      43,616     163,857      46,227      59,767       9,675       6,529      21,951      44,854     375,303
    U.S. Treasury, General Account               277,707           0     277,707           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,173           2       5,146           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    27,793           3      20,729           0           0         129           7       6,905          11           0           3           1           5
  Deferred availability cash items                   397           0           0           0           0           0          89           0           0         309           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,025          54       1,197          51          57         129         122          69          19           9          22          64         233
  Other liabilities and accrued             
     dividends                                     4,598         154       2,104         190         188         517         306         242         125         127         113         188         344
                                                                                                                                                                                                        
Total liabilities                              4,452,869      85,900   2,484,790     123,704     124,385     277,468     264,886     172,625      59,093      33,371      61,401     172,169     593,077
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,988       1,305       9,736       1,631       2,250       6,575       1,652       1,234         312         127         295         379       4,493
  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                  4,492,857      87,647   2,497,825     125,886     127,396     286,273     267,094     174,127      59,507      33,541      61,795     172,674     599,092

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, March 23, 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.                               
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   
                                                                                          Mar 23, 2016  

Federal Reserve notes outstanding                                                            1,563,675  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,879  
    Federal Reserve notes to be collateralized                                               1,395,796  
Collateral held against Federal Reserve notes                                                1,395,796  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,379,559  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,253,473  
  Less: Face value of securities under reverse repurchase agreements                           287,304  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,966,169  

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.