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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                                                 January 26, 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  Jan 25, 2017 
Federal Reserve Banks                                     Jan 25, 2017 Jan 18, 2017 Jan 27, 2016              

Reserve Bank credit                                         4,419,160   +    5,885   -   32,138    4,414,109  
  Securities held outright (1)                              4,227,656   +    6,569   -   15,773    4,224,236  
    U.S. Treasury securities                                2,463,478   -       39   +    2,117    2,463,462  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,206   +    2,216   -    4,433    2,342,206  
      Notes and bonds, inflation-indexed (2)                  104,106   -    1,850   +    5,572      104,106  
      Inflation compensation (3)                               17,165   -      406   +      977       17,149  
    Federal agency debt securities (2)                         16,180            0   -   15,138       16,180  
    Mortgage-backed securities (4)                          1,747,998   +    6,608   -    2,752    1,744,594  
  Unamortized premiums on securities held outright (5)        171,805   -      464   -   16,561      171,505  
  Unamortized discounts on securities held outright (5)       -15,083   -       33   +    1,372      -15,071  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            11   -        1   -       29            4  
    Primary credit                                                  8   -        3   -       18            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 3   +        2   -       11            4  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       13        1,707  
  Float                                                          -372   +       93   -      215         -516  
  Central bank liquidity swaps (8)                                486   -      129   +      384          465  
  Other Federal Reserve assets (9)                             32,951   -      151   -    1,304       31,778  
Foreign currency denominated assets (10)                       19,857   +       57   +      127       19,958  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,590   +       14   +      985       48,590  
                                                                                                              
Total factors supplying reserve funds                       4,503,849   +    5,957   -   31,024    4,498,898  

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  Jan 25, 2017 
Federal Reserve Banks                                     Jan 25, 2017 Jan 18, 2017 Jan 27, 2016              

Currency in circulation (11)                                 1,500,337   -    2,868   +   87,254    1,499,320 
Reverse repurchase agreements (12)                             389,383   +   32,611   +   95,230      361,564 
  Foreign official and international accounts                  252,260   -    1,521   +   33,061      253,204 
  Others                                                       137,123   +   34,132   +   62,169      108,360 
Treasury cash holdings                                             204   +       20   -       73          216 
Deposits with F.R. Banks, other than reserve balances          449,927   +    9,359   +   64,623      454,724 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               390,842   +   24,752   +   48,846      401,735 
  Foreign official                                               5,179   +       13   -       61        5,165 
  Other (13)                                                    53,906   -   15,406   +   15,838       47,824 
Other liabilities and capital (14)                              47,501   -    1,469   +    1,196       46,061 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,387,351   +   37,653   +  248,229    2,361,886 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,116,497   -   31,698   -  279,255    2,137,012 

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  Jan 25, 2017 
                                                          Jan 25, 2017 Jan 18, 2017 Jan 27, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,170,621   +      787   -   96,470    3,171,990 
  Marketable U.S. Treasury securities (1)                    2,854,832   +    4,493   -  100,933    2,854,953 
  Federal agency debt and mortgage-backed securities (2)       255,501   -    4,655   -    8,450      256,236 
  Other securities (3)                                          60,288   +      949   +   12,913       60,801 
Securities lent to dealers                                      16,299   -    2,807   +    2,870       14,081 
  Overnight facility (4)                                        16,299   -    2,807   +    2,870       14,081 
    U.S. Treasury securities                                    16,252   -    2,805   +    2,898       14,034 
    Federal agency debt securities                                  47   -        2   -       29           47 

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, January 25, 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                                            4             0             0             0             0           ...             4 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,356        34,350       153,339     1,233,263       405,066       630,088     2,463,462 
  Weekly changes                                 0             0    -        2    -        7    -        9    -       25    -       42 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,351         7,438         2,044             0         2,347        16,180 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           120        10,613     1,733,860     1,744,594 
  Weekly changes                                 0             0             0    +       37    -      244    -    6,140    -    6,346 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               465             0             0             0             0             0           465 
                                                                                                                                       
Reverse repurchase agreements (4)          361,564             0           ...           ...           ...           ...       361,564 
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   
                                                                                                                      Jan 25, 2017  

Mortgage-backed securities held outright (1)                                                                             1,744,594  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           33,835  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 25, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
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       Jan 25, 2017   Wednesday    Wednesday  
                                                        consolidation                Jan 18, 2017 Jan 27, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,938   +       27   -       33  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,380,674   -    7,113   -   27,876  
    Securities held outright (1)                                          4,224,236   -    6,389   -   12,602  
      U.S. Treasury securities                                            2,463,462   -       42   +    2,121  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,206            0   -    4,433  
        Notes and bonds, inflation-indexed (2)                              104,106            0   +    5,572  
        Inflation compensation (3)                                           17,149   -       43   +      981  
      Federal agency debt securities (2)                                     16,180            0   -   15,138  
      Mortgage-backed securities (4)                                      1,744,594   -    6,346   +      415  
    Unamortized premiums on securities held outright  
    (5)                                                                     171,505   -      711   -   16,520  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,071   +       31   +    1,366  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         4   -       44   -      120  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707   +        2   -       15  
  Items in process of collection                                   (0)           81   -       34   -      114  
  Bank premises                                                               2,205   +        1   -       33  
  Central bank liquidity swaps (8)                                              465   -      150   +      363  
  Foreign currency denominated assets (9)                                    19,958   +       51   +      224  
  Other assets (10)                                                          29,573   -      704   -    2,027  
                                                                                                               
Total assets                                                       (0)    4,452,838   -    7,920   -   29,511  

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       Jan 25, 2017   Wednesday    Wednesday  
                                                        consolidation                Jan 18, 2017 Jan 27, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,452,880   -    3,898   +   84,693 
  Reverse repurchase agreements (11)                                         361,564   -   21,313   +   52,459 
  Deposits                                                          (0)    2,591,736   +   20,108   -  167,522 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,137,012   +   18,194   -  262,255 
    U.S. Treasury, General Account                                           401,735   +    4,819   +   63,762 
    Foreign official                                                           5,165            0   -       68 
    Other (12)                                                      (0)       47,824   -    2,904   +   31,038 
  Deferred availability cash items                                  (0)          596   -      173   +      130 
  Other liabilities and accrued dividends (13)                                 5,611   -    2,649   -      218 
                                                                                                               
Total liabilities                                                   (0)    4,412,387   -    7,925   -   30,458 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,450   +        4   +      946 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,450   +        4   +      946 

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, January 25, 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                                             1,938          53          77          163         137         312         197         288          32          53         117         198         312
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,380,674     107,613   2,492,895      118,945     131,194     267,719     245,183     174,547      55,288      32,298      60,970     155,929     538,095
    Securities held outright (1)               4,224,236     103,769   2,403,873      114,697     126,509     258,159     236,427     168,314      53,313      31,143      58,790     150,361     518,879
      U.S. Treasury securities                 2,463,462      60,516   1,401,875       66,888      73,777     150,551     137,878      98,156      31,091      18,162      34,285      87,686     302,597
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,462      60,516   1,401,875       66,888      73,777     150,551     137,878      98,156      31,091      18,162      34,285      87,686     302,597
      Federal agency debt securities (2)          16,180         397       9,208          439         485         989         906         645         204         119         225         576       1,987
      Mortgage-backed securities (4)           1,744,594      42,856     992,791       47,370      52,248     106,619      97,643      69,513      22,018      12,862      24,280      62,098     214,295
    Unamortized premiums on securities held 
      outright (5)                               171,505       4,213      97,598        4,657       5,136      10,481       9,599       6,834       2,165       1,264       2,387       6,105      21,067
    Unamortized discounts on securities     
      held outright (5)                          -15,071        -370      -8,576         -409        -451        -921        -844        -600        -190        -111        -210        -536      -1,851
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              4           1           0            0           0           0           0           0           0           1           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      81           0           0            0           0           0          80           0           0           1           0           0           0
  Bank premises                                    2,205         118         437           72         107         203         206         201         113          89         239         223         196
  Central bank liquidity swaps (8)                   465          21         153           26          35         104          26          12           5           2           5           6          71
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,958         882       6,587        1,098       1,520       4,451       1,108         535         205          85         199         253       3,036
  Other assets (10)                               29,573         769      16,334          807         892       1,980       1,672       1,183         454         237         469       1,144       3,632
  Interdistrict settlement account                     0  -   24,605  +   55,850   -    8,366  -   14,558  -   14,282  +    5,705  +    7,302  +    3,763  +    1,652  +    2,387  +   12,937  -   27,785
                                                                                                                                                                                                         
Total assets                                   4,452,838      85,402   2,579,446      113,312     120,150     261,659     256,372     185,246      60,369      34,700      64,834     171,847     519,501

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, January 25, 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            1,644,410      53,968     534,303      51,861      80,838     118,788     225,470     109,268      49,212      28,576      45,961     136,215     209,950
    Less: Notes held by F.R. Banks               191,530       6,304      49,011       7,134       9,726      15,104      28,492      12,892       5,845       3,291       6,152      17,844      29,735
      Federal Reserve notes, net               1,452,880      47,663     485,292      44,728      71,112     103,684     196,978      96,376      43,367      25,285      39,809     118,371     180,215
  Reverse repurchase agreements (11)             361,564       8,882     205,754       9,817      10,828      22,097      20,236      14,406       4,563       2,666       5,032      12,870      44,412
  Deposits                                     2,591,736      26,913   1,872,779      56,376      34,737     126,551      36,313      72,551      11,856       5,969      19,462      39,832     288,397
    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                           2,137,012      26,906   1,434,036      56,373      34,734     126,475      36,304      56,701      11,834       5,968      19,461      39,830     288,389
    U.S. Treasury, General Account               401,735           0     401,735           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)                                    47,824           5      31,870           0           0          67           7      15,849          22           0           1           2           2
  Deferred availability cash items                   596           0           0           0           0           0         126           0           0         470           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,116          25         708          37          -7         116          45         -49          10           2           6          52         172
  Other liabilities and accrued             
     dividends                                     4,495         166       1,962         180         185         462         316         269         131         137         132         205         349
                                                                                                                                                                                                        
Total liabilities                              4,412,387      83,648   2,566,496     111,138     116,856     252,909     254,014     183,553      59,927      34,529      64,441     171,330     513,545
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,450       1,320       9,748       1,637       2,479       6,588       1,774       1,274         333         129         296         389       4,483
  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                  4,452,838      85,402   2,579,446     113,312     120,150     261,659     256,372     185,246      60,369      34,700      64,834     171,847     519,501

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, January 25, 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   
                                                                                          Jan 25, 2017  

Federal Reserve notes outstanding                                                            1,644,410  
  Less: Notes held by F.R. Banks not subject to collateralization                              191,530  
    Federal Reserve notes to be collateralized                                               1,452,880  
Collateral held against Federal Reserve notes                                                1,452,880  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,436,643  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,224,236  
  Less: Face value of securities under reverse repurchase agreements                           347,075  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,877,161  

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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