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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                                                    July 20, 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  Jul 19, 2017 
Federal Reserve Banks                                     Jul 19, 2017 Jul 12, 2017 Jul 20, 2016              

Reserve Bank credit                                         4,440,435   +   13,701   +    1,154    4,437,463  
  Securities held outright (1)                              4,255,238   +   11,749   +   15,127    4,252,637  
    U.S. Treasury securities                                2,465,136   +       24   +    2,524    2,465,145  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,157   +      548   -    3,526    2,338,887  
      Notes and bonds, inflation-indexed (2)                  108,270   -      464   +    4,235      107,651  
      Inflation compensation (3)                               18,710   -       59   +    1,816       18,607  
    Federal agency debt securities (2)                          8,097            0   -   15,439        8,097  
    Mortgage-backed securities (4)                          1,782,005   +   11,724   +   28,042    1,779,394  
  Unamortized premiums on securities held outright (5)        165,808   +      186   -   14,549      165,633  
  Unamortized discounts on securities held outright (5)       -14,684   +       35   +    1,125      -14,669  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           167   +       13   -       68          218  
    Primary credit                                                  8   -        7   -       48           51  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               159   +       20   -       20          167  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        3        1,710  
  Float                                                          -303   -       30   +       41         -383  
  Central bank liquidity swaps (8)                                 41   -       15   -      144           41  
  Other Federal Reserve assets (9)                             32,458   +    1,763   -      376       32,276  
Foreign currency denominated assets (10)                       20,824   +      170   -       81       20,931  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             49,002   +       14   +      889       49,002  
                                                                                                              
Total factors supplying reserve funds                       4,526,502   +   13,885   +    1,962    4,523,637  

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  Jul 19, 2017 
Federal Reserve Banks                                     Jul 19, 2017 Jul 12, 2017 Jul 20, 2016              

Currency in circulation (11)                                 1,561,902   -    3,054   +   99,554    1,561,884 
Reverse repurchase agreements (12)                             383,480   -   44,598   +   74,091      392,660 
  Foreign official and international accounts                  241,257   -    1,063   -   11,518      247,929 
  Others                                                       142,223   -   43,534   +   85,609      144,731 
Treasury cash holdings                                             169   -       10   +      106          162 
Deposits with F.R. Banks, other than reserve balances          277,990   +   26,938   -   99,187      270,580 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               180,400   +    9,367   -  148,750      189,282 
  Foreign official                                               5,168   +        3   -       32        5,164 
  Other (13)                                                    92,422   +   17,569   +   49,595       76,133 
Other liabilities and capital (14)                              48,870   +    1,287   +      960       47,704 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,272,410   -   19,438   +   75,523    2,272,991 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,254,092   +   33,323   -   73,562    2,250,646 

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 securities, Federal agency debt
    securities, and 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  Jul 19, 2017 
                                                          Jul 19, 2017 Jul 12, 2017 Jul 20, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,319,334   -    3,253   +   90,887    3,315,384 
  Marketable U.S. Treasury securities (1)                    2,996,750   -    2,772   +   91,651    2,993,505 
  Federal agency debt and mortgage-backed securities (2)       260,659   -      114   -    5,737      260,413 
  Other securities (3)                                          61,925   -      366   +    4,974       61,466 
Securities lent to dealers                                      23,203   -      862   +    2,048       19,512 
  Overnight facility (4)                                        23,203   -      862   +    2,048       19,512 
    U.S. Treasury securities                                    23,203   -      862   +    2,059       19,512 
    Federal agency debt securities                                   0            0   -       11            0 

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, July 19, 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                                          206            12             0             0             0           ...           218 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,794        32,799       276,684     1,152,629       357,347       633,892     2,465,145 
  Weekly changes                        +   10,516    -   11,794    +    1,106    -      176    +       84    +      288    +       24 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           800        11,536     1,767,059     1,779,394 
  Weekly changes                                 0             0             0    +      176    +      120    +    8,819    +    9,113 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                41             0             0             0             0             0            41 
                                                                                                                                       
Reverse repurchase agreements (4)          392,660             0           ...           ...           ...           ...       392,660 
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   
                                                                                                                      Jul 19, 2017  

Mortgage-backed securities held outright (1)                                                                             1,779,394  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,285  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    9  



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   
                                                                                                                      Jul 19, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,710  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2017. 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       Jul 19, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 12, 2017 Jul 20, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,821   +       16   -       75  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,403,819   +    9,334   -    3,392  
    Securities held outright (1)                                          4,252,637   +    9,139   +   10,239  
      U.S. Treasury securities                                            2,465,145   +       24   +    2,493  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,887   +    1,278   -    3,317  
        Notes and bonds, inflation-indexed (2)                              107,651   -    1,083   +    4,055  
        Inflation compensation (3)                                           18,607   -      171   +    1,755  
      Federal agency debt securities (2)                                      8,097            0   -   14,395  
      Mortgage-backed securities (4)                                      1,779,394   +    9,113   +   22,140  
    Unamortized premiums on securities held outright  
    (5)                                                                     165,633   +       89   -   14,766  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,669   +       40   +    1,117  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       218   +       67   +       18  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,710   +        1   -        3  
  Items in process of collection                                   (0)           68   +        6   -      172  
  Bank premises                                                               2,197   +        1   -       17  
  Central bank liquidity swaps (8)                                               41   -       14   -      144  
  Foreign currency denominated assets (9)                                    20,931   +      221   +      142  
  Other assets (10)                                                          30,079   +      635   -      409  
                                                                                                               
Total assets                                                       (0)    4,476,903   +   10,201   -    4,070  

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       Jul 19, 2017   Wednesday    Wednesday  
                                                        consolidation                Jul 12, 2017 Jul 20, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,514,860   -    2,949   +   98,255 
  Reverse repurchase agreements (11)                                         392,660   -   27,236   +   64,344 
  Deposits                                                          (0)    2,521,226   +   39,913   -  167,021 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,250,646   +   11,695   -   67,605 
    U.S. Treasury, General Account                                           189,282   +   27,126   -  137,856 
    Foreign official                                                           5,164   -        1   -       55 
    Other (12)                                                      (0)       76,133   +    1,093   +   38,494 
  Deferred availability cash items                                  (0)          451   -       62   +       69 
  Other liabilities and accrued dividends (13)                                 6,857   +      532   -      475 
                                                                                                               
Total liabilities                                                   (0)    4,436,056   +   10,201   -    4,825 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,847            0   +      755 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,847            0   +      755 

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 securities, Federal agency debt
    securities, and 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, July 19, 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         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,821          44          49          170         128         260         204         282          27          50         112         191         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,403,819      85,798   2,479,632      113,699     127,700     258,009     259,216     185,242      58,757      34,415      62,461     176,342     562,546
    Securities held outright (1)               4,252,637      82,857   2,394,625      109,801     123,323     249,164     250,326     178,860      56,708      33,156      60,312     170,246     543,258
      U.S. Treasury securities                 2,465,145      48,030   1,388,103       63,649      71,487     144,434     145,108     103,681      32,872      19,220      34,961      98,687     314,913
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,145      48,030   1,388,103       63,649      71,487     144,434     145,108     103,681      32,872      19,220      34,961      98,687     314,913
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,779,394      34,669   1,001,962       45,943      51,601     104,256     104,742      74,839      23,728      13,873      25,236      71,234     227,311
    Unamortized premiums on securities held 
      outright (5)                               165,633       3,227      93,267        4,277       4,803       9,705       9,750       6,966       2,209       1,291       2,349       6,631      21,159
    Unamortized discounts on securities     
      held outright (5)                          -14,669        -286      -8,260         -379        -425        -859        -863        -617        -196        -114        -208        -587      -1,874
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            218           0           0            0           0           0           4          33          36          82           8          53           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,710           0       1,710            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      68           0           0            0           0           0          68           0           0           0           0           0           0
  Bank premises                                    2,197         119         441           72         115         200         203         199         111          88         236         220         192
  Central bank liquidity swaps (8)                    41           2          13            2           3           9           2           2           0           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,931         907       6,704        1,125       1,705       4,523       1,221         876         229          88         203         268       3,082
  Other assets (10)                               30,079         636      16,461          775         880       1,949       1,783       1,266         483         257         496       1,262       3,828
  Interdistrict settlement account                     0  -    4,889  -    2,322   -    4,437  -    6,053  -    7,507  -    7,793  +   45,705  -      606  +    1,903  +    4,637  +    3,419  -   22,056
                                                                                                                                                                                                         
Total assets                                   4,476,903      83,162   2,508,098      111,965     125,268     258,631     257,079     234,733      59,492      37,084      68,592     182,901     549,897

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, July 19, 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            1,689,706      56,939     534,641      55,720      85,940     122,103     224,838     115,569      52,594      31,407      48,729     142,512     218,716
    Less: Notes held by F.R. Banks               174,846       6,039      45,057       7,005       9,998      13,168      27,538      11,242       5,354       2,774       5,499      16,041      25,129
      Federal Reserve notes, net               1,514,860      50,900     489,584      48,716      75,941     108,935     197,300     104,326      47,240      28,633      43,230     126,470     193,586
  Reverse repurchase agreements (11)             392,660       7,650     221,104      10,138      11,387      23,006      23,113      16,515       5,236       3,061       5,569      15,719      50,161
  Deposits                                     2,521,226      22,656   1,780,931      50,664      34,337     117,242      33,821     111,787       6,404       4,679      19,236      39,923     299,545
    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                           2,250,646      22,652   1,567,508      50,662      34,334     117,104      33,812      54,803       6,400       4,679      19,235      39,922     299,537
    U.S. Treasury, General Account               189,282           0     189,282           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    76,133           3      19,004           0           0         130           7      56,983           3           0           1           1           1
  Deferred availability cash items                   451           0           0           0           0           0          59           0           0         392           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,663          40         859          47          64         125         119          64          25          14          23          72         212
  Other liabilities and accrued             
     dividends                                     5,194         162       2,569         189         190         466         308         294         134         134         131         204         413
                                                                                                                                                                                                        
Total liabilities                              4,436,056      81,408   2,495,047     109,755     121,919     249,775     254,720     232,986      59,039      36,912      68,190     182,388     543,916
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,847       1,321       9,848       1,672       2,535       6,696       1,775       1,329         344         129         305         385       4,509
  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                  4,476,903      83,162   2,508,098     111,965     125,268     258,631     257,079     234,733      59,492      37,084      68,592     182,901     549,897

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, July 19, 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 securities, Federal agency     
    debt securities, and 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   
                                                                                          Jul 19, 2017  

Federal Reserve notes outstanding                                                            1,689,706  
  Less: Notes held by F.R. Banks not subject to collateralization                              174,846  
    Federal Reserve notes to be collateralized                                               1,514,860  
Collateral held against Federal Reserve notes                                                1,514,860  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,498,623  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,252,637  
  Less: Face value of securities under reverse repurchase agreements                           378,416  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,874,221  

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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