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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                                                    March 9, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Mar 8, 2017 
Federal Reserve Banks                                      Mar 8, 2017  Mar 1, 2017  Mar 9, 2016              

Reserve Bank credit                                         4,420,645   -    6,010   -   20,713    4,421,367  
  Securities held outright (1)                              4,240,109   -    5,847   -    4,219    4,240,169  
    U.S. Treasury securities                                2,463,590   +      125   +    2,410    2,463,650  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,340,411   -      694   -    4,107    2,340,411  
      Notes and bonds, inflation-indexed (2)                  105,901   +      693   +    5,021      105,901  
      Inflation compensation (3)                               17,278   +      125   +    1,497       17,337  
    Federal agency debt securities (2)                         13,329            0   -   17,989       13,329  
    Mortgage-backed securities (4)                          1,763,189   -    5,972   +   11,359    1,763,191  
  Unamortized premiums on securities held outright (5)        170,257   -      463   -   16,268      170,171  
  Unamortized discounts on securities held outright (5)       -15,035   -        8   +    1,383      -15,025  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             8   -       43   -        4           15  
    Primary credit                                                  6   -       43   +        4           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 2            0   -        8            3  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       17        1,704  
  Float                                                          -332   +      283   -      145         -565  
  Central bank liquidity swaps (8)                                491   -      613   +      396          491  
  Other Federal Reserve assets (9)                             23,443   +      683   -    1,839       24,406  
Foreign currency denominated assets (10)                       19,705   -      169   -      555       19,670  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,684   +       14   +    1,014       48,684  
                                                                                                              
Total factors supplying reserve funds                       4,505,275   -    6,165   -   20,254    4,505,963  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Mar 8, 2017 
Federal Reserve Banks                                      Mar 8, 2017  Mar 1, 2017  Mar 9, 2016              

Currency in circulation (11)                                 1,525,011   +    9,534   +   90,007    1,528,995 
Reverse repurchase agreements (12)                             440,692   +   20,406   +  151,336      453,251 
  Foreign official and international accounts                  244,398   -    6,764   +    5,740      241,127 
  Others                                                       196,294   +   27,170   +  145,595      212,124 
Treasury cash holdings                                             259   +        6   +       19          251 
Deposits with F.R. Banks, other than reserve balances          147,638   -  118,084   -   90,708      125,326 
  Term deposits held by depository institutions                      0   -   16,625            0            0 
  U.S. Treasury, General Account                                88,220   -   87,276   -  123,223       66,163 
  Foreign official                                               5,165   -        5   -       59        5,165 
  Other (13)                                                    54,253   -   14,179   +   32,575       53,998 
Other liabilities and capital (14)                              47,768   -      312   +    1,078       47,008 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,161,369   -   88,448   +  151,733    2,154,832 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,343,906   +   82,283   -  171,987    2,351,131 

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   Mar 8, 2017 
                                                           Mar 8, 2017  Mar 1, 2017  Mar 9, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,182,730   +    6,950   -   71,721    3,188,509 
  Marketable U.S. Treasury securities (1)                    2,853,029   +    6,963   -   86,498    2,859,046 
  Federal agency debt and mortgage-backed securities (2)       266,505   -      166   +      368      266,050 
  Other securities (3)                                          63,195   +      152   +   14,408       63,414 
Securities lent to dealers                                      23,124   +    3,866   +    5,780       22,038 
  Overnight facility (4)                                        23,124   +    3,866   +    5,780       22,038 
    U.S. Treasury securities                                    23,064   +    3,857   +    5,804       21,957 
    Federal agency debt securities                                  60   +        9   -       25           81 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 8, 2017       

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                                           13             3             0             0             0           ...            15 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        60,468       183,351     1,216,815       376,137       626,878     2,463,650 
  Weekly changes                                 0    +   11,910    -   11,905    +       26    +       33    +       97    +      162 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,495         4,443         2,044             0         2,347        13,329 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           174        11,446     1,751,571     1,763,191 
  Weekly changes                                 0             0             0    +        7    +      353    -      355    +        5 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               491             0             0             0             0             0           491 
                                                                                                                                       
Reverse repurchase agreements (4)          453,251             0           ...           ...           ...           ...       453,251 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Mar 8, 2017  

Mortgage-backed securities held outright (1)                                                                             1,763,191  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           33,902  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Mar 8, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,704  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 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        Mar 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Mar 1, 2017  Mar 9, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,934   -        8   +        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,395,331   -       55   -   19,031  
    Securities held outright (1)                                          4,240,169   +      166   -    4,175  
      U.S. Treasury securities                                            2,463,650   +      162   +    2,454  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,411            0   -    4,107  
        Notes and bonds, inflation-indexed (2)                              105,901            0   +    5,021  
        Inflation compensation (3)                                           17,337   +      162   +    1,540  
      Federal agency debt securities (2)                                     13,329            0   -   17,989  
      Mortgage-backed securities (4)                                      1,763,191   +        5   +   11,361  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,171   -      263   -   16,242  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,025   +       27   +    1,381  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        15   +       13   +        3  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,704   -        1   -       18  
  Items in process of collection                                   (0)           66   -       13   -       81  
  Bank premises                                                               2,197   +        1   -       28  
  Central bank liquidity swaps (8)                                              491   -      641   +      396  
  Foreign currency denominated assets (9)                                    19,670   -       85   -      640  
  Other assets (10)                                                          22,209   +    2,624   -    1,846  
                                                                                                               
Total assets                                                       (0)    4,459,840   +    1,822   -   21,243  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Mar 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Mar 1, 2017  Mar 9, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,482,492   +    7,380   +   90,618 
  Reverse repurchase agreements (11)                                         453,251   +   48,363   +  169,818 
  Deposits                                                          (0)    2,476,457   -   53,824   -  282,564 
    Term deposits held by depository institutions                                  0   -   16,625            0 
    Other deposits held by depository institutions                         2,351,131   +   43,177   -  182,094 
    U.S. Treasury, General Account                                            66,163   -   82,222   -  130,134 
    Foreign official                                                           5,165   +        1   -        6 
    Other (12)                                                      (0)       53,998   +    1,844   +   29,671 
  Deferred availability cash items                                  (0)          631   +      178   +      243 
  Other liabilities and accrued dividends (13)                                 6,464   -      286   -      369 
                                                                                                               
Total liabilities                                                   (0)    4,419,296   +    1,812   -   22,252 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,544   +       10   +    1,009 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,544   +       10   +    1,009 

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, March 8, 2017
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                                             1,934          53          74          165         137         303         190         289          28          53         122         199         318
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,395,331     107,972   2,501,231      119,342     131,632     268,614     246,002     175,133      55,472      32,405      61,172     156,450     539,905
    Securities held outright (1)               4,240,169     104,161   2,412,941      115,130     126,986     259,132     237,319     168,949      53,514      31,261      59,012     150,928     520,836
      U.S. Treasury securities                 2,463,650      60,520   1,401,982       66,893      73,782     150,563     137,888      98,164      31,093      18,163      34,288      87,693     302,620
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,650      60,520   1,401,982       66,893      73,782     150,563     137,888      98,164      31,093      18,163      34,288      87,693     302,620
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,763,191      43,313   1,003,374       47,874      52,805     107,755      98,684      70,254      22,253      12,999      24,539      62,760     216,580
    Unamortized premiums on securities held 
      outright (5)                               170,171       4,180      96,839        4,621       5,096      10,400       9,524       6,780       2,148       1,255       2,368       6,057      20,903
    Unamortized discounts on securities     
      held outright (5)                          -15,025        -369      -8,550         -408        -450        -918        -841        -599        -190        -111        -209        -535      -1,846
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             15           0           1            0           0           0           0           3           0           0           1           0          11
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,704           0       1,704            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      66           0           0            0           0           0          66           0           0           0           0           0           0
  Bank premises                                    2,197         118         437           71         108         202         205         200         112          89         237         222         195
  Central bank liquidity swaps (8)                   491          22         162           27          37         110          27          13           5           2           5           6          75
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,670         869       6,491        1,082       1,498       4,387       1,092         527         202          84         196         249       2,992
  Other assets (10)                               22,209         576      12,043          607         664       1,539       1,262         890         560         181         355         820       2,712
  Interdistrict settlement account                     0  -   17,269  -  134,961   +    2,729  +    4,004  -    4,082  +   27,804  +   32,546  +    7,723  +    4,620  +    8,025  +   31,451  +   37,408
                                                                                                                                                                                                         
Total assets                                   4,459,840      92,893   2,392,588      124,593     138,905     272,244     278,844     210,776      64,613      37,717      70,563     190,554     585,550

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 8, 2017 (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            1,655,974      55,015     531,691      53,513      81,900     119,106     226,103     113,577      49,207      29,401      46,636     138,003     211,823
    Less: Notes held by F.R. Banks               173,482       5,875      49,647       6,083       9,552      12,401      24,211      11,563       4,480       3,454       5,433      14,973      25,809
      Federal Reserve notes, net               1,482,492      49,140     482,044      47,430      72,347     106,704     201,891     102,015      44,726      25,947      41,203     123,030     186,015
  Reverse repurchase agreements (11)             453,251      11,134     257,930      12,307      13,574      27,700      25,368      18,060       5,720       3,342       6,308      16,133      55,675
  Deposits                                     2,476,457      30,669   1,636,294      62,453      49,448     128,555      48,758      88,685      13,563       7,548      22,513      50,608     337,363
    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                           2,351,131      30,662   1,535,993      62,451      49,445     128,384      48,749      63,879      13,547       7,548      22,512      50,608     337,355
    U.S. Treasury, General Account                66,163           0      66,163           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    53,998           6      28,999           0           0         163           7      24,805          15           0           1           0           2
  Deferred availability cash items                   631           0           0           0           0           0          63           0           0         569           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,873          39       1,122          44          54          80         114          69          20          13          25          70         224
  Other liabilities and accrued             
     dividends                                     4,591         156       2,189         177         181         446         295         253         133         128         119         192         322
                                                                                                                                                                                                        
Total liabilities                              4,419,296      91,139   2,379,579     122,411     135,605     263,485     276,488     209,081      64,162      37,546      70,168     190,033     579,598
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,544       1,321       9,806       1,645       2,485       6,598       1,773       1,276         341         129         298         393       4,479
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,459,840      92,893   2,392,588     124,593     138,905     272,244     278,844     210,776      64,613      37,717      70,563     190,554     585,550

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 8, 2017 (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   
                                                                                           Mar 8, 2017  

Federal Reserve notes outstanding                                                            1,655,974  
  Less: Notes held by F.R. Banks not subject to collateralization                              173,482  
    Federal Reserve notes to be collateralized                                               1,482,492  
Collateral held against Federal Reserve notes                                                1,482,492  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,466,255  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,240,169  
  Less: Face value of securities under reverse repurchase agreements                           439,285  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,800,885  

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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