---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 27, 2015


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  Nov 25, 2015 
Federal Reserve Banks                                     Nov 25, 2015 Nov 18, 2015 Nov 26, 2014              

Reserve Bank credit                                         4,451,504   -    8,977   -    2,076    4,439,346  
  Securities held outright (1)                              4,249,931   -    1,182   +   12,758    4,239,362  
    U.S. Treasury securities                                2,461,649   -       42   +       14    2,461,628  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       74    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,476   -       42   +       23       16,455  
    Federal agency debt securities (2)                         32,944   -      859   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,755,338   -      281   +   18,477    1,744,789  
  Unamortized premiums on securities held outright (5)        191,677   -      344   -   16,846      191,166  
  Unamortized discounts on securities held outright (5)       -16,751   +       35   +    1,823      -16,732  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           120   +       15   -        1           94  
    Primary credit                                                 29   +       25   +       19            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                91   -       10   -       20           91  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       32        1,715  
  Float                                                           256   +       47   +      823          114  
  Central bank liquidity swaps (8)                                145   -        4   +      144          145  
  Other Federal Reserve assets (9)                             24,411   -    7,546   -      812       23,483  
Foreign currency denominated assets (10)                       19,267   -       16   -    2,216       19,214  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,439   +       14   +    1,173       47,439  
                                                                                                              
Total factors supplying reserve funds                       4,534,451   -    8,979   -    3,119    4,522,241  

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  Nov 25, 2015 
Federal Reserve Banks                                     Nov 25, 2015 Nov 18, 2015 Nov 26, 2014              

Currency in circulation (11)                                 1,406,429   +    1,411   +   93,312    1,410,657 
Reverse repurchase agreements (12)                             311,646   +   42,354   +   56,823      291,792 
  Foreign official and international accounts                  192,580   -    1,059   +   91,895      191,640 
  Others                                                       119,066   +   43,413   -   35,072      100,152 
Treasury cash holdings                                             243   -       10   +       58          237 
Deposits with F.R. Banks, other than reserve balances          196,177   +   28,530   -  222,673      178,926 
  Term deposits held by depository institutions                      0            0   -  318,691            0 
  U.S. Treasury, General Account                               163,491   +   30,470   +   83,722      154,215 
  Foreign official                                               4,864   +      158   -      390        5,220 
  Other (13)                                                    27,822   -    2,097   +   12,686       19,491 
Other liabilities and capital (14)                              66,348   -      737   +    2,327       65,668 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,980,843   +   71,550   -   70,153    1,947,280 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,553,608   -   80,529   +   67,034    2,574,961 

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 interest on Federal Reserve notes due to 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  Nov 25, 2015 
                                                          Nov 25, 2015 Nov 18, 2015 Nov 26, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,322,392   +   14,488   +    8,449    3,319,199 
  Marketable U.S. Treasury securities (1)                    3,003,293   +   15,953   +   31,012    3,000,573 
  Federal agency debt and mortgage-backed securities (2)       273,330   -    1,302   -   26,296      272,470 
  Other securities (3)                                          45,769   -      162   +    3,733       46,156 
Securities lent to dealers                                      14,994   +      106   +    5,349       15,159 
  Overnight facility (4)                                        14,994   +      106   +    5,349       15,159 
    U.S. Treasury securities                                    14,915   +       84   +    5,990       15,062 
    Federal agency debt securities                                  79   +       22   -      641           97 

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, November 25, 2015   

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                                           89             5             0             0             0           ...            94 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         6,780       187,099     1,129,302       500,535       637,912     2,461,628 
  Weekly changes                                 0             0    -        2    -        8    -        7    -       31    -       48 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,626        12,825        16,146             0         2,347        32,944 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           381         9,164     1,735,244     1,744,789 
  Weekly changes                                 0             0             0    -       12    -      182    -    8,520    -    8,714 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               145             0             0             0             0             0           145 
                                                                                                                                       
Reverse repurchase agreements (4)          291,792             0           ...           ...           ...           ...       291,792 
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   
                                                                                                                      Nov 25, 2015  

Mortgage-backed securities held outright (1)                                                                             1,744,789  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           22,631  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   55  



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   
                                                                                                                      Nov 25, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,715  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 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       Nov 25, 2015   Wednesday    Wednesday  
                                                        consolidation                Nov 18, 2015 Nov 26, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,857   -       32   +       16  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,413,889   -    9,402   -    5,912  
    Securities held outright (1)                                          4,239,362   -    8,761   +    9,250  
      U.S. Treasury securities                                            2,461,628   -       48   -       17  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       74  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,455   -       48   -        8  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,744,789   -    8,714   +   14,999  
    Unamortized premiums on securities held outright  
    (5)                                                                     191,166   -      670   -   16,967  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,732   +       40   +    1,823  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        94   -       10   -       17  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,715   +        2   +       34  
  Items in process of collection                                   (0)          548   +       96   +      460  
  Bank premises                                                               2,233   +        1   -       32  
  Central bank liquidity swaps (8)                                              145   -        5   +      144  
  Foreign currency denominated assets (9)                                    19,214   +       26   -    2,354  
  Other assets (10)                                                          21,250   -      318   -    1,199  
                                                                                                               
Total assets                                                       (0)    4,477,088   -    9,633   -    8,843  

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       Nov 25, 2015   Wednesday    Wednesday  
                                                        consolidation                Nov 18, 2015 Nov 26, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,365,308   +    5,360   +   92,114 
  Reverse repurchase agreements (11)                                         291,792   -   21,938   +   40,319 
  Deposits                                                          (0)    2,753,887   +    6,523   -  143,497 
    Term deposits held by depository institutions                                  0            0   -  334,714 
    Other deposits held by depository institutions                         2,574,961   -   37,005   +   95,666 
    U.S. Treasury, General Account                                           154,215   +   41,721   +   82,314 
    Foreign official                                                           5,220   +      515   -       30 
    Other (12)                                                      (0)       19,491   +    1,292   +   13,267 
  Deferred availability cash items                                  (0)          433   +       12   -      302 
  Other liabilities and accrued dividends (13)                                 6,984   +      384   +      423 
                                                                                                               
Total liabilities                                                   (0)    4,418,404   -    9,659   -   10,942 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,342   +       13   +    1,050 
  Surplus                                                                     29,342   +       13   +    1,050 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,684   +       26   +    2,099 

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 interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, November 25, 2015
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                                             1,857          46          73          126         127         297         184         272          30          42         150         193         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,413,889     111,888   2,649,654      109,778     106,118     239,729     248,569     164,000      46,034      26,896      57,343     142,187     511,693
    Securities held outright (1)               4,239,362     107,466   2,544,940      105,440     101,924     230,255     238,727     157,511      44,210      25,782      55,072     136,564     491,471
      U.S. Treasury securities                 2,461,628      62,401   1,477,745       61,225      59,183     133,700     138,619      91,460      25,671      14,971      31,978      79,297     285,378
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,628      62,401   1,477,745       61,225      59,183     133,700     138,619      91,460      25,671      14,971      31,978      79,297     285,378
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,744,789      44,230   1,047,418       43,396      41,949      94,766      98,253      64,827      18,196      10,611      22,666      56,205     202,274
    Unamortized premiums on securities held 
      outright (5)                               191,166       4,846     114,759        4,755       4,596      10,383      10,765       7,103       1,994       1,163       2,483       6,158      22,162
    Unamortized discounts on securities     
      held outright (5)                          -16,732        -424     -10,045         -416        -402        -909        -942        -622        -174        -102        -217        -539      -1,940
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             94           0           0            0           0           0          19           8           5          53           5           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,715           0       1,715            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     548           0           0            0           0           0         545           0           0           2           0           0           0
  Bank premises                                    2,233         125         438           75         106         212         207         204         119          92         238         220         197
  Central bank liquidity swaps (8)                   145           7          47            8          11          33           8           4           1           1           2           2          21
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,214         871       6,195        1,073       1,498       4,409       1,093         516         179          81         202         277       2,821
  Other assets (10)                               21,250         569      12,183          532         513       1,293       1,195         801         425         151         312         813       2,463
  Interdistrict settlement account                     0  -   14,737  -  153,631   +    7,397  +   25,308  +   40,062  +    3,101  +   23,163  +   12,117  +    6,682  +    3,539  +   14,885  +   32,114
                                                                                                                                                                                                         
Total assets                                   4,477,088      99,312   2,522,201      119,539     134,424     287,230     257,158     190,118      59,354      34,207      62,226     159,749     551,570

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, November 25, 2015 (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            1,543,165      48,826     499,502      49,723      83,444     107,420     217,670     103,881      52,065      26,972      41,032     120,851     191,778
    Less: Notes held by F.R. Banks               177,857       5,597      65,400       5,989       8,859      12,006      20,534      10,132       4,732       2,708       4,306      13,376      24,216
      Federal Reserve notes, net               1,365,308      43,229     434,101      43,734      74,585      95,414     197,136      93,748      47,333      24,264      36,727     107,474     167,562
  Reverse repurchase agreements (11)             291,792       7,397     175,166       7,257       7,015      15,848      16,431      10,841       3,043       1,775       3,791       9,400      33,828
  Deposits                                     2,753,887      45,857   1,890,251      65,048      48,048     162,075      39,607      83,622       8,247       7,569      20,948      41,764     340,851
    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                           2,574,961      45,849   1,719,920      65,046      48,045     161,846      39,569      75,344       8,224       7,569      20,946      41,761     340,840
    U.S. Treasury, General Account               154,215           0     154,215           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,220           2       5,193           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    19,491           6      10,922           0           0         220          35       8,277          23           0           1           2           5
  Deferred availability cash items                   433           0           0           0           0           0         240           0           0         193           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                         1,887          48       1,131          39          44          99         132          62          18          10          23          61         220
  Other liabilities and accrued             
     dividends                                     5,097         173       2,277         212         236         630         337         262         122         144         126         181         397
                                                                                                                                                                                                        
Total liabilities                              4,418,404      96,704   2,502,926     116,290     129,929     274,066     253,883     188,536      58,763      33,955      61,614     158,880     542,857
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,342       1,304       9,637       1,624       2,248       6,582       1,638         791         295         126         306         434       4,356
  Surplus                                         29,342       1,304       9,637       1,624       2,248       6,582       1,638         791         295         126         306         434       4,356
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,477,088      99,312   2,522,201     119,539     134,424     287,230     257,158     190,118      59,354      34,207      62,226     159,749     551,570

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, November 25, 2015 (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 to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


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   
                                                                                          Nov 25, 2015  

Federal Reserve notes outstanding                                                            1,543,165  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,857  
    Federal Reserve notes to be collateralized                                               1,365,308  
Collateral held against Federal Reserve notes                                                1,365,308  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,349,071  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,239,362  
  Less: Face value of securities under reverse repurchase agreements                           276,288  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,963,074  

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

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