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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                                                December 29, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 28, 2016 
Federal Reserve Banks                                     Dec 28, 2016 Dec 21, 2016 Dec 30, 2015              

Reserve Bank credit                                         4,427,224   +    3,658   -   27,428    4,413,259  
  Securities held outright (1)                              4,233,391   +    2,493   -   14,475    4,221,168  
    U.S. Treasury securities                                2,463,591   +       38   +    2,033    2,463,601  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,103            0   -    7,536    2,339,103  
      Notes and bonds, inflation-indexed (2)                  106,697            0   +    8,163      106,697  
      Inflation compensation (3)                               17,791   +       38   +    1,406       17,801  
    Federal agency debt securities (2)                         16,180   -      181   -   16,764       16,180  
    Mortgage-backed securities (4)                          1,753,620   +    2,637   +      255    1,741,387  
  Unamortized premiums on securities held outright (5)        173,584   -      361   -   16,249      173,109  
  Unamortized discounts on securities held outright (5)       -15,104   +       36   +    1,482      -15,092  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            44   +        9   -      189           47  
    Primary credit                                                 15   +        8   -      146           17  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                29   +        1   -       43           31  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   -        9        1,707  
  Float                                                          -286   +      106   -       75         -691  
  Central bank liquidity swaps (8)                              4,826   +       83   +    3,829        4,826  
  Other Federal Reserve assets (9)                             29,061   +    1,291   -    1,744       28,184  
Foreign currency denominated assets (10)                       19,367   +       38   -      370       19,288  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,538   +       14   +      975       48,538  
                                                                                                              
Total factors supplying reserve funds                       4,511,369   +    3,708   -   26,824    4,497,326  

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  Dec 28, 2016 
Federal Reserve Banks                                     Dec 28, 2016 Dec 21, 2016 Dec 30, 2015              

Currency in circulation (11)                                 1,506,076   +    6,757   +   82,342    1,509,076 
Reverse repurchase agreements (12)                             540,549   +   47,777   +  136,135      573,757 
  Foreign official and international accounts                  247,280   -    7,902   +   32,106      249,845 
  Others                                                       293,269   +   55,679   +  104,029      323,912 
Treasury cash holdings                                             164   +        5   -       92          166 
Deposits with F.R. Banks, other than reserve balances          465,071   +   19,364   +  120,061      424,956 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               380,679   -    7,818   +   90,212      372,825 
  Foreign official                                               5,166   -       33   -      214        5,165 
  Other (13)                                                    79,227   +   27,215   +   30,064       46,966 
Other liabilities and capital (14)                              46,954   +      260   -   11,584       46,395 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,558,814   +   74,162   +  326,862    2,554,351 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,952,555   -   70,454   -  353,686    1,942,975 

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  Dec 28, 2016 
                                                          Dec 28, 2016 Dec 21, 2016 Dec 30, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,179,877   +    8,023   -  144,034    3,181,626 
  Marketable U.S. Treasury securities (1)                    2,858,943   +    9,257   -  149,530    2,860,887 
  Federal agency debt and mortgage-backed securities (2)       261,539   -    1,231   -    7,229      261,364 
  Other securities (3)                                          59,395   -        3   +   12,725       59,375 
Securities lent to dealers                                      21,987   +      315   +    6,183       21,270 
  Overnight facility (4)                                        21,987   +      315   +    6,183       21,270 
    U.S. Treasury securities                                    21,971   +      321   +    6,287       21,221 
    Federal agency debt securities                                  16   -        6   -      104           49 

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, December 28, 2016   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           47             0             0             0             0           ...            47 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,702        30,795       146,822     1,241,849       399,275       633,160     2,463,601 
  Weekly changes                                 0    +        1    +        1    +        6    +        7    +       22    +       35 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,851         8,938         2,044             0         2,347        16,180 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            77        10,584     1,730,726     1,741,387 
  Weekly changes                                 0             0             0    -        1    -      261    -   16,833    -   17,094 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             4,826             0             0             0             0             0         4,826 
                                                                                                                                       
Reverse repurchase agreements (4)          573,757             0           ...           ...           ...           ...       573,757 
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   
                                                                                                                      Dec 28, 2016  

Mortgage-backed securities held outright (1)                                                                             1,741,387  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           35,182  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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   
                                                                                                                      Dec 28, 2016  

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 September 30, 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       Dec 28, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 21, 2016 Dec 30, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,874   +        2   -       13  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,379,233   -   17,875   -   36,331  
    Securities held outright (1)                                          4,221,168   -   17,059   -   20,797  
      U.S. Treasury securities                                            2,463,601   +       35   +    2,047  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,103            0   -    7,536  
        Notes and bonds, inflation-indexed (2)                              106,697            0   +    8,163  
        Inflation compensation (3)                                           17,801   +       35   +    1,420  
      Federal agency debt securities (2)                                     16,180            0   -   16,764  
      Mortgage-backed securities (4)                                      1,741,387   -   17,094   -    6,080  
    Unamortized premiums on securities held outright  
    (5)                                                                     173,109   -      858   -   16,430  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,092   +       35   +    1,483  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        47   +        5   -      588  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   -       10  
  Items in process of collection                                   (0)           94   +       28   -       59  
  Bank premises                                                               2,210   +        6   -       34  
  Central bank liquidity swaps (8)                                            4,826   +       83   +    3,829  
  Foreign currency denominated assets (9)                                    19,288   -       30   -      469  
  Other assets (10)                                                          25,983   +      149   -    2,046  
                                                                                                               
Total assets                                                       (0)    4,451,451   -   17,638   -   35,136  

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       Dec 28, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 21, 2016 Dec 30, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,462,574   +    6,073   +   81,815 
  Reverse repurchase agreements (11)                                         573,757   +   13,585   +   75,238 
  Deposits                                                          (0)    2,367,939   -   37,667   -  192,731 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,942,983   -   19,784   -  265,700 
    U.S. Treasury, General Account                                           372,825   -   14,189   +   47,979 
    Foreign official                                                           5,165   -       16   -       66 
    Other (12)                                                      (0)       46,966   -    3,677   +   25,056 
  Deferred availability cash items                                  (0)          785   +      310   +      501 
  Other liabilities and accrued dividends (13)                                 5,953   +       60   -      950 
                                                                                                               
Total liabilities                                                   (0)    4,411,008   -   17,639   -   36,128 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,443   +        1   +      992 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,443   +        1   +      992 

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, December 28, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,874          46          67          161         138         306         187         279          29          51         113         189         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,379,233     107,577   2,492,050      118,906     131,149     267,628     245,099     174,498      55,271      32,297      60,958     155,876     537,922
    Securities held outright (1)               4,221,168     103,694   2,402,128      114,614     126,417     257,971     236,255     168,192      53,275      31,121      58,748     150,251     518,502
      U.S. Treasury securities                 2,463,601      60,519   1,401,954       66,892      73,781     150,560     137,886      98,162      31,093      18,163      34,287      87,691     302,614
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,601      60,519   1,401,954       66,892      73,781     150,560     137,886      98,162      31,093      18,163      34,287      87,691     302,614
      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)           1,741,387      42,778     990,966       47,282      52,152     106,423      97,464      69,385      21,978      12,838      24,236      61,984     213,901
    Unamortized premiums on securities held 
      outright (5)                               173,109       4,252      98,510        4,700       5,184      10,579       9,689       6,897       2,185       1,276       2,409       6,162      21,264
    Unamortized discounts on securities     
      held outright (5)                          -15,092        -371      -8,588         -410        -452        -922        -845        -601        -190        -111        -210        -537      -1,854
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             47           1           0            2           0           0           0          10           2          11          11           0          10
  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                      94           0           0            0           0           0          93           0           0           0           0           0           0
  Bank premises                                    2,210         119         441           72         107         203         206         201         114          90         239         224         196
  Central bank liquidity swaps (8)                 4,826         213       1,592          266         368       1,076         268         129          50          21          48          61         734
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,288         852       6,365        1,061       1,469       4,301       1,071         517         198          82         193         245       2,934
  Other assets (10)                               25,983         674      14,274          710         779       1,745       1,470       1,039         389         212         417       1,082       3,192
  Interdistrict settlement account                     0  -   14,243  -   60,988   -    9,489  +      236  -    2,055  +   22,226  +   17,363  +    3,363  +    4,002  +    4,141  +   21,256  +   14,188
                                                                                                                                                                                                         
Total assets                                   4,451,451      95,789   2,460,914      112,256     135,069     274,376     272,815     195,203      59,923      37,038      66,558     180,089     561,420

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, December 28, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,638,669      52,737     534,978      51,957      80,322     117,463     224,571     108,987      49,542      28,333      44,406     135,823     209,551
    Less: Notes held by F.R. Banks               176,095       5,563      50,588       6,414       8,424      12,801      24,908      10,776       5,159       2,970       5,615      16,328      26,549
      Federal Reserve notes, net               1,462,574      47,173     484,389      45,543      71,898     104,662     199,663      98,211      44,383      25,363      38,790     119,495     183,002
  Reverse repurchase agreements (11)             573,757      14,094     326,506      15,579      17,183      35,064      32,113      22,861       7,241       4,230       7,985      20,423      70,477
  Deposits                                     2,367,939      32,575   1,634,189      48,717      42,504     125,208      38,185      72,287       7,723       6,470      19,247      39,402     301,433
    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                           1,942,983      32,569   1,225,320      48,714      42,501     125,045      38,176      56,416       7,703       6,469      19,243      39,401     301,425
    U.S. Treasury, General Account               372,825           0     372,825           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,139           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    46,966           4      30,906           0           0         154           7      15,869          19           0           4           1           2
  Deferred availability cash items                   785           0           0           0           0           0         122           0           0         663           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,397          33         828          34          40          77          83          47          13          10          18          56         159
  Other liabilities and accrued             
     dividends                                     4,556         152       1,954         196         203         555         318         255         128         132         121         198         345
                                                                                                                                                                                                        
Total liabilities                              4,411,008      94,027   2,447,867     110,069     131,828     265,567     270,484     193,661      59,487      36,867      66,162     179,573     555,416
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,443       1,320       9,748       1,637       2,480       6,579       1,776       1,274         333         129         296         389       4,483
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,451,451      95,789   2,460,914     112,256     135,069     274,376     272,815     195,203      59,923      37,038      66,558     180,089     561,420

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, December 28, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 28, 2016  

Federal Reserve notes outstanding                                                            1,638,669  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,095  
    Federal Reserve notes to be collateralized                                               1,462,574  
Collateral held against Federal Reserve notes                                                1,462,574  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,446,337  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,221,168  
  Less: Face value of securities under reverse repurchase agreements                           558,159  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,663,009  

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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