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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 15, 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 14, 2016 
Federal Reserve Banks                                     Dec 14, 2016  Dec 7, 2016 Dec 16, 2015              

Reserve Bank credit                                         4,417,371   +    7,913   -   37,109    4,432,481  
  Securities held outright (1)                              4,228,318   +    5,322   -   21,882    4,242,440  
    U.S. Treasury securities                                2,463,518   -      308   +    1,936    2,463,531  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,103   -      343   -    7,536    2,339,103  
      Notes and bonds, inflation-indexed (2)                  106,697            0   +    8,163      106,697  
      Inflation compensation (3)                               17,718   +       35   +    1,309       17,731  
    Federal agency debt securities (2)                         18,493            0   -   14,451       18,493  
    Mortgage-backed securities (4)                          1,746,307   +    5,630   -    9,367    1,760,415  
  Unamortized premiums on securities held outright (5)        174,354   -      212   -   16,279      174,478  
  Unamortized discounts on securities held outright (5)       -15,176   +       33   +    1,479      -15,165  
  Repurchase agreements (6)                                         0   -        8            0            0  
  Loans                                                            30   -        7   -       41           50  
    Primary credit                                                  6   -        8            0           26  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                24   +        2   -       41           24  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   -        8        1,708  
  Float                                                          -361   +       35   -      318         -552  
  Central bank liquidity swaps (8)                              1,476   +      147   +    1,338        1,476  
  Other Federal Reserve assets (9)                             27,023   +    2,604   -    1,398       28,047  
Foreign currency denominated assets (10)                       19,690   -      202   -       12       19,759  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,489   +       14   +      936       48,489  
                                                                                                              
Total factors supplying reserve funds                       4,501,791   +    7,726   -   36,185    4,516,969  

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 14, 2016 
Federal Reserve Banks                                     Dec 14, 2016  Dec 7, 2016 Dec 16, 2015              

Currency in circulation (11)                                 1,497,464   +    2,906   +   84,828    1,498,565 
Reverse repurchase agreements (12)                             435,371   +   19,689   +  140,269      428,881 
  Foreign official and international accounts                  243,791   -       93   +   39,897      259,318 
  Others                                                       191,580   +   19,782   +  100,372      169,563 
Treasury cash holdings                                             160   -        2   -       86          158 
Deposits with F.R. Banks, other than reserve balances          382,687   -    9,983   +  156,134      419,049 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               324,525   -   18,830   +  128,182      325,271 
  Foreign official                                               5,213   +       46   -      108        5,179 
  Other (13)                                                    52,949   +    8,801   +   28,060       88,599 
Other liabilities and capital (14)                              47,813   +      799   -   20,064       46,761 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,363,495   +   13,409   +  361,081    2,393,415 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,138,296   -    5,683   -  397,266    2,123,554 

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 14, 2016 
                                                          Dec 14, 2016  Dec 7, 2016 Dec 16, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,152,785   +   13,847   -  157,460    3,158,656 
  Marketable U.S. Treasury securities (1)                    2,827,428   +   13,995   -  164,056    2,833,313 
  Federal agency debt and mortgage-backed securities (2)       265,446   -       82   -    6,967      265,563 
  Other securities (3)                                          59,911   -       65   +   13,563       59,780 
Securities lent to dealers                                      24,043   -    2,030   +    9,965       20,426 
  Overnight facility (4)                                        24,043   -    2,030   +    9,965       20,426 
    U.S. Treasury securities                                    24,019   -    2,028   +   10,078       20,402 
    Federal agency debt securities                                  25   -        2   -      112           24 

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 14, 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                                           28            22             0             0             0           ...            50 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        42,495       146,821     1,241,837       399,261       633,117     2,463,531 
  Weekly changes                                 0    +        1    +        1    +        5    +        6    +       21    +       35 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,313         2,851         8,938         2,044             0         2,347        18,493 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            76        10,862     1,749,478     1,760,415 
  Weekly changes                                 0             0             0             0             0    +   19,738    +   19,738 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,476             0             0             0             0             0         1,476 
                                                                                                                                       
Reverse repurchase agreements (4)          428,881             0           ...           ...           ...           ...       428,881 
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 14, 2016  

Mortgage-backed securities held outright (1)                                                                             1,760,415  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           34,467  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    3  



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 14, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,708  
                                                                                                                                    
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 14, 2016   Wednesday    Wednesday  
                                                        consolidation                 Dec 7, 2016 Dec 16, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,870   +       21   -       30  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,802   +   19,744   -   19,727  
    Securities held outright (1)                                          4,242,440   +   19,774   -    5,238  
      U.S. Treasury securities                                            2,463,531   +       35   +    1,953  
        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)                                           17,731   +       35   +    1,326  
      Federal agency debt securities (2)                                     18,493            0   -   14,451  
      Mortgage-backed securities (4)                                      1,760,415   +   19,738   +    7,258  
    Unamortized premiums on securities held outright  
    (5)                                                                     174,478   +       28   -   15,940  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,165   +       32   +    1,476  
    Repurchase agreements (6)                                                     0   -       59            0  
    Loans                                                                        50   -       29   -       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,708   +        1   -        8  
  Items in process of collection                                   (0)           74   -        3   -      225  
  Bank premises                                                               2,200   +        1   -       32  
  Central bank liquidity swaps (8)                                            1,476   +      147   +    1,338  
  Foreign currency denominated assets (9)                                    19,759   -      223   +      142  
  Other assets (10)                                                          25,848   +    2,667   -       77  
                                                                                                               
Total assets                                                       (0)    4,470,973   +   22,355   -   18,620  

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 14, 2016   Wednesday    Wednesday  
                                                        consolidation                 Dec 7, 2016 Dec 16, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,452,100   +    1,193   +   83,115 
  Reverse repurchase agreements (11)                                         428,881   +    5,333   +  122,163 
  Deposits                                                          (0)    2,542,605   +   16,046   -  204,886 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,123,555   -   10,047   -  336,498 
    U.S. Treasury, General Account                                           325,271   -   18,761   +   59,084 
    Foreign official                                                           5,179   +       12   -       52 
    Other (12)                                                      (0)       88,599   +   44,841   +   72,579 
  Deferred availability cash items                                  (0)          626   +      162   +      293 
  Other liabilities and accrued dividends (13)                                 6,343   -      398   -    1,003 
                                                                                                               
Total liabilities                                                   (0)    4,430,555   +   22,336   -      319 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,418   +       19   +    1,059 
  Surplus                                                                     10,000            0   -   19,359 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,418   +       19   -   18,301 

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 14, 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                                             1,870          45          68          161         135         307         183         278          29          51         113         189         309
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,802     108,133   2,504,900      119,517     131,825     269,007     246,362     175,394      55,556      32,460      61,268     156,679     540,700
    Securities held outright (1)               4,242,440     104,217   2,414,233      115,192     127,054     259,271     237,446     169,040      53,543      31,278      59,044     151,009     521,115
      U.S. Treasury securities                 2,463,531      60,517   1,401,915       66,890      73,779     150,556     137,882      98,159      31,092      18,163      34,286      87,689     302,605
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,531      60,517   1,401,915       66,890      73,779     150,556     137,882      98,159      31,092      18,163      34,286      87,689     302,605
      Federal agency debt securities (2)          18,493         454      10,524          502         554       1,130       1,035         737         233         136         257         658       2,272
      Mortgage-backed securities (4)           1,760,415      43,245   1,001,794       47,799      52,721     107,586      98,529      70,144      22,218      12,979      24,500      62,662     216,239
    Unamortized premiums on securities held 
      outright (5)                               174,478       4,286      99,289        4,737       5,225      10,663       9,765       6,952       2,202       1,286       2,428       6,210      21,432
    Unamortized discounts on securities     
      held outright (5)                          -15,165        -373      -8,630         -412        -454        -927        -849        -604        -191        -112        -211        -540      -1,863
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             50           3           8            0           0           0           0           7           2           8           7           0          16
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,708           0       1,708            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      74           0           0            0           0           0          73           0           0           0           0           0           0
  Bank premises                                    2,200         118         432           72         105         204         206         200         114          90         239         223         196
  Central bank liquidity swaps (8)                 1,476          65         487           81         112         329          82          40          15           6          15          19         225
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,759         873       6,521        1,087       1,505       4,406       1,097         530         203          84         197         250       3,006
  Other assets (10)                               25,848         665      14,133          701         770       1,804       1,465       1,033         526         210         405         977       3,159
  Interdistrict settlement account                     0  -   15,192  -   60,325   -   12,802  +      787  -    4,377  +   15,976  +   13,085  +    3,369  +    3,870  +    1,961  +   21,268  +   32,380
                                                                                                                                                                                                         
Total assets                                   4,470,973      95,258   2,473,329      109,387     136,062     272,853     267,640     191,736      60,322      37,055      64,647     180,763     581,920

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 14, 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            1,640,395      52,252     535,811      52,038      80,351     117,099     225,061     109,213      49,634      28,275      44,488     136,169     210,004
    Less: Notes held by F.R. Banks               188,295       5,847      54,022       6,685       9,266      13,939      27,264      11,750       5,523       3,214       6,014      16,894      27,876
      Federal Reserve notes, net               1,452,100      46,405     481,789      45,352      71,084     103,161     197,797      97,463      44,111      25,061      38,474     119,276     182,128
  Reverse repurchase agreements (11)             428,881      10,536     244,062      11,645      12,844      26,210      24,004      17,089       5,413       3,162       5,969      15,266      52,681
  Deposits                                     2,542,605      36,365   1,731,363      49,970      48,653     134,082      43,008      75,339      10,201       7,975      19,655      45,434     340,560
    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                           2,123,555      36,360   1,327,533      49,968      48,650     133,890      42,999      60,368      10,179       7,975      19,654      45,433     340,546
    U.S. Treasury, General Account               325,271           0     325,271           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,179           2       5,152           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    88,599           3      73,406           0           0         182           7      14,970          22           0           1           0           8
  Deferred availability cash items                   626           0           0           0           0           0          92           0           0         534           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,715          35       1,070          39          37          57          95          76          19          11          20          63         195
  Other liabilities and accrued             
     dividends                                     4,628         156       1,999         193         203         538         314         249         143         141         133         208         351
                                                                                                                                                                                                        
Total liabilities                              4,430,555      93,496   2,460,283     107,200     132,821     264,048     265,309     190,215      59,886      36,883      64,251     180,247     575,915
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,418       1,320       9,748       1,637       2,480       6,575       1,776       1,253         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                  4,470,973      95,258   2,473,329     109,387     136,062     272,853     267,640     191,736      60,322      37,055      64,647     180,763     581,920

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 14, 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 14, 2016  

Federal Reserve notes outstanding                                                            1,640,395  
  Less: Notes held by F.R. Banks not subject to collateralization                              188,295  
    Federal Reserve notes to be collateralized                                               1,452,100  
Collateral held against Federal Reserve notes                                                1,452,100  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,435,863  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,440  
  Less: Face value of securities under reverse repurchase agreements                           416,371  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,826,069  

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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