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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     June 2, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jun 1, 2016 
Federal Reserve Banks                                      Jun 1, 2016 May 25, 2016  Jun 3, 2015              

Reserve Bank credit                                         4,421,884   -    9,402   -    5,060    4,422,030  
  Securities held outright (1)                              4,229,891   -    8,125   +   10,838    4,229,933  
    U.S. Treasury securities                                2,461,719   -       46   +      996    2,461,761  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,290   -      973   -    5,353    2,339,286  
      Notes and bonds, inflation-indexed (2)                  103,935   +      801   +    5,401      105,939  
      Inflation compensation (3)                               16,494   +      126   +      948       16,536  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,743,075   -    8,079   +   20,640    1,743,076  
  Unamortized premiums on securities held outright (5)        182,157   -      571   -   17,255      182,112  
  Unamortized discounts on securities held outright (5)       -16,053   +       58   +    1,608      -16,059  
  Repurchase agreements (6)                                         0   -       87            0            0  
  Loans                                                            85   +        1   -       22           89  
    Primary credit                                                  4   -        3   -        9            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                82   +        5   -       12           88  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,713            0   +       14        1,713  
  Float                                                          -794   -      649   -      469         -328  
  Central bank liquidity swaps (8)                                801   -      205   +      801          801  
  Other Federal Reserve assets (9)                             24,084   +      176   -      575       23,770  
Foreign currency denominated assets (10)                       20,686   -       25   +    1,101       20,730  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,833   +       14   +      950       47,833  
                                                                                                              
Total factors supplying reserve funds                       4,506,643   -    9,414   -    3,010    4,506,834  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jun 1, 2016 
Federal Reserve Banks                                      Jun 1, 2016 May 25, 2016  Jun 3, 2015              

Currency in circulation (11)                                 1,457,609   +    5,485   +   89,300    1,459,455 
Reverse repurchase agreements (12)                             300,865   -    8,987   +   15,468      302,674 
  Foreign official and international accounts                  245,955   -      197   +   93,633      241,488 
  Others                                                        54,910   -    8,790   -   78,166       61,186 
Treasury cash holdings                                             112   +        8   -       55          111 
Deposits with F.R. Banks, other than reserve balances          306,905   -   67,142   -   37,932      296,861 
  Term deposits held by depository institutions                      0   -   66,820   -  145,702            0 
  U.S. Treasury, General Account                               267,948   -      671   +   82,154      259,693 
  Foreign official                                               5,192   +       13   -       40        5,179 
  Other (13)                                                    33,766   +      337   +   25,657       31,989 
Other liabilities and capital (14)                              47,199   -      194   -   18,979       46,763 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,112,690   -   70,830   +   47,802    2,105,865 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,393,953   +   61,416   -   50,812    2,400,969 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jun 1, 2016 
                                                           Jun 1, 2016 May 25, 2016  Jun 3, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,229,925   +   11,799   -  123,685    3,249,818 
  Marketable U.S. Treasury securities (1)                    2,915,265   +   11,556   -  106,878    2,935,080 
  Federal agency debt and mortgage-backed securities (2)       265,117   -      587   -   22,358      265,182 
  Other securities (3)                                          49,544   +      832   +    5,552       49,556 
Securities lent to dealers                                      22,020   +      616   +   11,086       23,822 
  Overnight facility (4)                                        22,020   +      616   +   11,086       23,822 
    U.S. Treasury securities                                    22,004   +      615   +   11,345       23,802 
    Federal agency debt securities                                  16   +        1   -      258           20 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 1, 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                                           27            62             0             0             0           ...            89 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        30,734       147,354     1,197,951       449,610       636,112     2,461,761 
  Weekly changes                        -   25,248    +        3    +   11,913    +    5,005    +    8,378    +       73    +      124 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,604        13,658         6,487             0         2,347        25,096 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           886         9,189     1,733,000     1,743,076 
  Weekly changes                                 0             0             0    +        1             0             0    +        2 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               801             0             0             0             0             0           801 
                                                                                                                                       
Reverse repurchase agreements (4)          302,674             0           ...           ...           ...           ...       302,674 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jun 1, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,076  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           35,455  
Commitments to sell mortgage-backed securities (2)                                                                             129  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   11  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jun 1, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,713  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jun 1, 2016   Wednesday    Wednesday  
                                                        consolidation                May 25, 2016  Jun 3, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,828   -        9   +       33  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,396,075   -      770   -    4,755  
    Securities held outright (1)                                          4,229,933   +      126   +   10,853  
      U.S. Treasury securities                                            2,461,761   +      124   +    1,012  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,286   -    2,806   -    7,357  
        Notes and bonds, inflation-indexed (2)                              105,939   +    2,805   +    7,405  
        Inflation compensation (3)                                           16,536   +      125   +      964  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,076   +        2   +   20,640  
    Unamortized premiums on securities held outright  
    (5)                                                                     182,112   -      285   -   17,164  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,059   +       30   +    1,591  
    Repurchase agreements (6)                                                     0   -      610            0  
    Loans                                                                        89   -       31   -       35  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,713            0   +       13  
  Items in process of collection                                   (0)          240   +       96   +      160  
  Bank premises                                                               2,214   -        6   -       23  
  Central bank liquidity swaps (8)                                              801   -      205   +      801  
  Foreign currency denominated assets (9)                                    20,730   +       63   +      880  
  Other assets (10)                                                          21,556   +    1,114   -    1,075  
                                                                                                               
Total assets                                                       (0)    4,461,393   +      282   -    3,967  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jun 1, 2016   Wednesday    Wednesday  
                                                        consolidation                May 25, 2016  Jun 3, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,413,557   +    5,069   +   89,774 
  Reverse repurchase agreements (11)                                         302,674   -    9,049   +   60,088 
  Deposits                                                          (0)    2,697,830   +    3,393   -  134,814 
    Term deposits held by depository institutions                                  0   -   66,820   -  145,702 
    Other deposits held by depository institutions                         2,400,969   +   60,982   -   89,075 
    U.S. Treasury, General Account                                           259,693   +    2,601   +   75,594 
    Foreign official                                                           5,179            0   -       52 
    Other (12)                                                      (0)       31,989   +    6,630   +   24,420 
  Deferred availability cash items                                  (0)          568   +      293   +      197 
  Other liabilities and accrued dividends (13)                                 6,673   +      578   -    1,053 
                                                                                                               
Total liabilities                                                   (0)    4,421,303   +      285   +   14,193 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,090   -        4   +      965 
  Surplus                                                                     10,000            0   -   19,125 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,090   -        4   -   18,160 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 1, 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                                             1,828          51          60          131         134         297         176         269          23          52         145         184         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,396,075     107,988   2,501,611      119,361     131,652     268,655     246,045     175,168      55,513      32,438      61,193     156,474     539,977
    Securities held outright (1)               4,229,933     103,909   2,407,116      114,852     126,679     258,507     236,746     168,541      53,385      31,185      58,870     150,563     519,579
      U.S. Treasury securities                 2,461,761      60,474   1,400,907       66,842      73,726     150,447     137,783      98,089      31,069      18,149      34,261      87,626     302,388
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,761      60,474   1,400,907       66,842      73,726     150,447     137,783      98,089      31,069      18,149      34,261      87,626     302,388
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,743,076      42,819     991,927       47,328      52,202     106,526      97,559      69,453      21,999      12,851      24,259      62,044     214,109
    Unamortized premiums on securities held 
      outright (5)                               182,112       4,474     103,634        4,945       5,454      11,130      10,193       7,256       2,298       1,343       2,535       6,482      22,370
    Unamortized discounts on securities     
      held outright (5)                          -16,059        -395      -9,139         -436        -481        -981        -899        -640        -203        -118        -224        -572      -1,973
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             89           0           0            0           0           0           5          11          32          28          13           0           1
  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                     240           0           0            0           0           0         239           0           0           1           0           0           0
  Bank premises                                    2,214         120         429           74         105         208         208         202         116          90         241         225         197
  Central bank liquidity swaps (8)                   801          35         264           44          61         179          44          21           8           3           8          10         122
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,730         916       6,841        1,140       1,579       4,623       1,151         556         213          89         207         263       3,153
  Other assets (10)                               21,556         561      11,747          586         647       1,477       1,223         872         487         185         343         770       2,658
  Interdistrict settlement account                     0  -   26,768  +      682   -      907  -    6,052  -   12,155  +   10,104  +    2,069  +      907  -      468  -    1,451  +   13,369  +   20,669
                                                                                                                                                                                                         
Total assets                                   4,461,393      83,456   2,528,752      120,998     128,950     264,455     261,384     180,334      57,777      32,672      61,136     172,452     569,027

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 1, 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            1,580,874      49,387     504,647      49,630      81,705     109,125     222,666     106,631      50,834      27,298      40,008     132,267     206,676
    Less: Notes held by F.R. Banks               167,316       5,017      55,475       5,797       8,718      11,392      24,004       9,622       4,766       2,646       4,742      13,341      21,797
      Federal Reserve notes, net               1,413,557      44,371     449,172      43,833      72,987      97,733     198,662      97,009      46,069      24,652      35,266     118,925     184,879
  Reverse repurchase agreements (11)             302,674       7,435     172,242       8,218       9,065      18,498      16,940      12,060       3,820       2,231       4,212      10,774      37,179
  Deposits                                     2,697,830      29,704   1,890,932      66,545      43,599     138,785      42,996      69,453       7,313       5,039      21,118      41,974     340,372
    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                           2,400,969      29,694   1,601,439      66,543      43,596     138,590      42,987      62,328       7,303       5,039      21,117      41,973     340,361
    U.S. Treasury, General Account               259,693           0     259,693           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,179           2       5,152           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    31,989           8      24,648           0           0         185           7       7,124          10           0           1           0           5
  Deferred availability cash items                   568           0           0           0           0           0         130           0           0         437           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,202          65       1,182          62          73         176         137          89          31          14          33          77         265
  Other liabilities and accrued             
     dividends                                     4,471         134       2,088         179         188         460         300         235         127         129         115         192         325
                                                                                                                                                                                                        
Total liabilities                              4,421,303      81,709   2,515,616     118,836     125,912     255,651     259,166     178,846      57,359      32,502      60,744     171,942     563,020
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,090       1,305       9,837       1,612       2,276       6,573       1,663       1,220         315         128         292         383       4,486
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,461,393      83,456   2,528,752     120,998     128,950     264,455     261,384     180,334      57,777      32,672      61,136     172,452     569,027

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 1, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jun 1, 2016  

Federal Reserve notes outstanding                                                            1,580,874  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,316  
    Federal Reserve notes to be collateralized                                               1,413,557  
Collateral held against Federal Reserve notes                                                1,413,557  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,397,320  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,229,933  
  Less: Face value of securities under reverse repurchase agreements                           283,681  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,946,252  

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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