---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 12, 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  May 11, 2016 
Federal Reserve Banks                                     May 11, 2016  May 4, 2016 May 13, 2015              

Reserve Bank credit                                         4,438,168   +    1,107   -    1,066    4,438,854  
  Securities held outright (1)                              4,233,486   +      120   +   14,885    4,233,528  
    U.S. Treasury securities                                2,461,562   +      119   +    1,284    2,461,605  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,292            0   -    4,351    2,342,292  
      Notes and bonds, inflation-indexed (2)                  103,134            0   +    4,600      103,134  
      Inflation compensation (3)                               16,137   +      119   +    1,036       16,179  
    Federal agency debt securities (2)                         27,096            0   -    8,799       27,096  
    Mortgage-backed securities (4)                          1,744,827            0   +   22,399    1,744,827  
  Unamortized premiums on securities held outright (5)        183,225   -      359   -   17,196      183,103  
  Unamortized discounts on securities held outright (5)       -16,063   +       15   +    1,699      -16,051  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            85   +       28   +       13           68  
    Primary credit                                                 28   +       22   +       24            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                57   +        7   -       11           64  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,714            0   +       26        1,713  
  Float                                                          -163   +      284   +      312         -189  
  Central bank liquidity swaps (8)                                171   -    1,029   +      171            0  
  Other Federal Reserve assets (9)                             35,713   +    2,048   -      976       36,682  
Foreign currency denominated assets (10)                       21,156   -      112   +    1,072       21,120  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,812   +       14   +    1,001       47,812  
                                                                                                              
Total factors supplying reserve funds                       4,523,378   +    1,010   +    1,007    4,524,027  

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  May 11, 2016 
Federal Reserve Banks                                     May 11, 2016  May 4, 2016 May 13, 2015              

Currency in circulation (11)                                 1,451,431   +    2,634   +   87,719    1,452,649 
Reverse repurchase agreements (12)                             267,900   -   21,975   +   28,356      269,589 
  Foreign official and international accounts                  239,198   -    2,780   +   89,624      238,056 
  Others                                                        28,701   -   19,195   -   61,270       31,533 
Treasury cash holdings                                             129   -       16   -       94          108 
Deposits with F.R. Banks, other than reserve balances          353,742   -   21,503   +  121,112      344,773 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               315,369   -   20,988   +   99,158      305,842 
  Foreign official                                               5,174   -        2   -       62        5,174 
  Other (13)                                                    33,199   -      514   +   22,016       33,757 
Other liabilities and capital (14)                              48,496   +    1,189   -   18,449       47,139 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,121,698   -   39,671   +  218,644    2,114,259 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,401,680   +   40,680   -  217,637    2,409,768 

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  May 11, 2016 
                                                          May 11, 2016  May 4, 2016 May 13, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,219,618   -    8,771   -   96,979    3,213,494 
  Marketable U.S. Treasury securities (1)                    2,905,969   -    8,571   -   80,319    2,899,580 
  Federal agency debt and mortgage-backed securities (2)       264,728   -      164   -   20,495      264,842 
  Other securities (3)                                          48,920   -       38   +    3,834       49,072 
Securities lent to dealers                                      17,192   -      795   +    5,937       15,407 
  Overnight facility (4)                                        17,192   -      795   +    5,937       15,407 
    U.S. Treasury securities                                    17,167   -      772   +    6,192       15,389 
    Federal agency debt securities                                  24   -       24   -      256           18 

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, May 11, 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                                            9            59             0             0             0           ...            68 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  14,021        49,621       121,301     1,164,693       479,465       632,503     2,461,605 
  Weekly changes                                 0    +        3    +        3    +       18    +       18    +       72    +      116 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,000         2,604        12,158         7,987             0         2,347        27,096 
  Weekly changes                                 0             0    +    1,495    -    1,495             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           896         8,903     1,735,028     1,744,827 
  Weekly changes                                 0             0             0             0             0             0             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          269,589             0           ...           ...           ...           ...       269,589 
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   
                                                                                                                      May 11, 2016  

Mortgage-backed securities held outright (1)                                                                             1,744,827  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           41,360  
Commitments to sell mortgage-backed securities (2)                                                                             300  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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   
                                                                                                                      May 11, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 11, 2016   Wednesday    Wednesday  
                                                        consolidation                 May 4, 2016 May 13, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,877   +        7   +       57  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,400,648   -      171   -   22,766  
    Securities held outright (1)                                          4,233,528   +      116   -    6,541  
      U.S. Treasury securities                                            2,461,605   +      116   +    1,271  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,292            0   -    4,351  
        Notes and bonds, inflation-indexed (2)                              103,134            0   +    4,600  
        Inflation compensation (3)                                           16,179   +      116   +    1,022  
      Federal agency debt securities (2)                                     27,096            0   -    8,799  
      Mortgage-backed securities (4)                                      1,744,827            0   +      987  
    Unamortized premiums on securities held outright  
    (5)                                                                     183,103   -      327   -   17,908  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,051   +       31   +    1,699  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        68   +        8   -       17  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713   -        1   +       16  
  Items in process of collection                                   (0)          135   -       15   +       72  
  Bank premises                                                               2,219            0   -       20  
  Central bank liquidity swaps (8)                                                0   -    1,200            0  
  Foreign currency denominated assets (9)                                    21,120   -      156   +      863  
  Other assets (10)                                                          34,463   +    2,678   -      998  
                                                                                                               
Total assets                                                       (0)    4,478,411   +    1,141   -   22,777  

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       May 11, 2016   Wednesday    Wednesday  
                                                        consolidation                 May 4, 2016 May 13, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,406,817   +    1,302   +   86,796 
  Reverse repurchase agreements (11)                                         269,589   -    7,206   +   25,820 
  Deposits                                                          (0)    2,754,541   +    7,246   -  113,852 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,409,768   +   26,399   -  234,077 
    U.S. Treasury, General Account                                           305,842   -   17,952   +  100,450 
    Foreign official                                                           5,174            0   -       57 
    Other (12)                                                      (0)       33,757   -    1,202   +   19,832 
  Deferred availability cash items                                  (0)          324   -       57   -      276 
  Other liabilities and accrued dividends (13)                                 7,098   -      147   -    3,230 
                                                                                                               
Total liabilities                                                   (0)    4,438,369   +    1,138   -    4,742 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,042   +        4   +    1,003 
  Surplus                                                                     10,000            0   -   19,039 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,042   +        4   -   18,035 

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, May 11, 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                                             1,877          53          72          130         136         299         181         279          22          54         150         188         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,400,648     108,101   2,504,225      119,485     131,790     268,936     246,302     175,354      55,566      32,454      61,257     156,638     540,540
    Securities held outright (1)               4,233,528     103,998   2,409,162      114,950     126,787     258,727     236,947     168,684      53,431      31,212      58,920     150,691     520,021
      U.S. Treasury securities                 2,461,605      60,470   1,400,818       66,838      73,721     150,438     137,774      98,082      31,067      18,148      34,259      87,620     302,368
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,605      60,470   1,400,818       66,838      73,721     150,438     137,774      98,082      31,067      18,148      34,259      87,620     302,368
      Federal agency debt securities (2)          27,096         666      15,419          736         811       1,656       1,517       1,080         342         200         377         964       3,328
      Mortgage-backed securities (4)           1,744,827      42,862     992,924       47,376      52,255     106,633      97,657      69,522      22,021      12,864      24,283      62,107     214,324
    Unamortized premiums on securities held 
      outright (5)                               183,103       4,498     104,198        4,972       5,484      11,190      10,248       7,296       2,311       1,350       2,548       6,518      22,491
    Unamortized discounts on securities     
      held outright (5)                          -16,051        -394      -9,134         -436        -481        -981        -898        -640        -203        -118        -223        -571      -1,972
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             68           0           0            0           0           0           5          13          27          10          13           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,713           0       1,713            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     135           0           0            0           0           0         134           0           0           0           0           0           0
  Bank premises                                    2,219         121         430           74         106         209         207         202         116          90         241         225         198
  Central bank liquidity swaps (8)                     0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,120         933       6,970        1,162       1,608       4,710       1,172         566         217          90         211         268       3,213
  Other assets (10)                               34,463         889      19,105          943       1,038       2,280       1,954       1,385         533         281         534       1,278       4,244
  Interdistrict settlement account                     0  -   30,390  +   25,212   -    2,180  -    7,032  -   20,382  +   10,486  -      313  +      104  -      648  -    3,371  +    7,531  +   20,982
                                                                                                                                                                                                         
Total assets                                   4,478,411      80,259   2,563,134      120,184     128,469     257,223     262,631     178,651      57,067      32,605      59,471     167,286     571,433

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, May 11, 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            1,574,656      49,010     502,718      49,373      81,794     108,727     222,739     105,343      50,911      27,342      40,043     131,062     205,595
    Less: Notes held by F.R. Banks               167,838       5,016      56,122       5,693       8,678      11,729      23,020       9,599       4,859       2,461       4,855      13,185      22,622
      Federal Reserve notes, net               1,406,817      43,994     446,596      43,680      73,116      96,998     199,719      95,744      46,052      24,881      35,188     117,877     182,973
  Reverse repurchase agreements (11)             269,589       6,623     153,414       7,320       8,074      16,476      15,089      10,742       3,402       1,988       3,752       9,596      33,115
  Deposits                                     2,754,541      27,701   1,946,244      66,791      44,023     134,349      45,126      70,349       7,038       5,169      19,980      39,031     348,739
    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                           2,409,768      27,696   1,609,021      66,789      44,020     134,114      45,117      63,076       7,030       5,169      19,979      39,030     348,728
    U.S. Treasury, General Account               305,842           0     305,842           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,174           2       5,147           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    33,757           4      26,234           0           0         225           7       7,272           8           0           1           1           5
  Deferred availability cash items                   324           0           0           0           0           0          72           0           0         252           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,954          47       1,174          45          48          85         107          80          24          14          31          73         226
  Other liabilities and accrued             
     dividends                                     5,144         152       2,584         193         195         512         305         248         132         131         123         200         368
                                                                                                                                                                                                        
Total liabilities                              4,438,369      78,517   2,550,012     118,029     125,455     248,419     260,418     177,163      56,648      32,435      59,074     166,776     565,421
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,042       1,300       9,822       1,604       2,252       6,573       1,657       1,220         316         128         296         383       4,491
  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                  4,478,411      80,259   2,563,134     120,184     128,469     257,223     262,631     178,651      57,067      32,605      59,471     167,286     571,433

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, May 11, 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   
                                                                                          May 11, 2016  

Federal Reserve notes outstanding                                                            1,574,656  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,838  
    Federal Reserve notes to be collateralized                                               1,406,817  
Collateral held against Federal Reserve notes                                                1,406,817  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,390,581  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,233,528  
  Less: Face value of securities under reverse repurchase agreements                           251,588  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,981,940  

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update:  May 12, 2016