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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 17, 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  Mar 16, 2016 
Federal Reserve Banks                                     Mar 16, 2016  Mar 9, 2016 Mar 18, 2015              

Reserve Bank credit                                         4,446,240   +    4,882   -   14,888    4,447,512  
  Securities held outright (1)                              4,247,349   +    3,021   +    1,613    4,248,579  
    U.S. Treasury securities                                2,461,223   +       43   +    1,392    2,461,239  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,344,518            0   -    2,193    2,344,518  
      Notes and bonds, inflation-indexed (2)                  100,880            0   +    2,411      100,880  
      Inflation compensation (3)                               15,825   +       44   +    1,173       15,841  
    Federal agency debt securities (2)                         30,729   -      589   -    6,148       29,257  
    Mortgage-backed securities (4)                          1,755,396   +    3,566   +    6,369    1,758,082  
  Unamortized premiums on securities held outright (5)        186,345   -      180   -   17,646      186,371  
  Unamortized discounts on securities held outright (5)       -16,384   +       34   +    1,654      -16,367  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            15   +        3            0           37  
    Primary credit                                                  4   +        2   -        3           22  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                11   +        1   +        3           15  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,722            0   +       30        1,722  
  Float                                                          -377   -      190   +       18         -196  
  Central bank liquidity swaps (8)                                 76   -       19   +       74           76  
  Other Federal Reserve assets (9)                             27,494   +    2,212   -      631       27,291  
Foreign currency denominated assets (10)                       20,412   +      152   +    1,169       20,323  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,707   +       14   +    1,083       47,707  
                                                                                                              
Total factors supplying reserve funds                       4,530,601   +    5,049   -   12,635    4,531,783  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 16, 2016 
Federal Reserve Banks                                     Mar 16, 2016  Mar 9, 2016 Mar 18, 2015              

Currency in circulation (11)                                 1,437,735   +    2,708   +   82,062    1,439,520 
Reverse repurchase agreements (12)                             280,339   -    9,017   +   28,421      289,888 
  Foreign official and international accounts                  240,079   +    1,421   +  101,963      241,499 
  Others                                                        40,261   -   10,438   -   73,541       48,389 
Treasury cash holdings                                             238   -        2   +       30          230 
Deposits with F.R. Banks, other than reserve balances          265,062   +   26,716   +  177,912      300,471 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               235,634   +   24,191   +  174,948      279,081 
  Foreign official                                               5,172   -       52   -       65        5,175 
  Other (13)                                                    24,257   +    2,579   +    3,029       16,215 
Other liabilities and capital (14)                              47,714   +    1,024   -   17,639       46,152 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,031,089   +   21,430   +  270,788    2,076,261 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,499,512   -   16,381   -  283,423    2,455,521 

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.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Mar 16, 2016 
                                                          Mar 16, 2016  Mar 9, 2016 Mar 18, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,251,866   -    2,585   +   28,413    3,260,194 
  Marketable U.S. Treasury securities (1)                    2,936,556   -    2,971   +   40,441    2,945,802 
  Federal agency debt and mortgage-backed securities (2)       266,278   +      141   -   17,472      266,625 
  Other securities (3)                                          49,032   +      245   +    5,444       47,767 
Securities lent to dealers                                      19,829   +    2,485   +    7,098       23,685 
  Overnight facility (4)                                        19,829   +    2,485   +    7,098       23,685 
    U.S. Treasury securities                                    19,771   +    2,511   +    7,508       23,653 
    Federal agency debt securities                                  58   -       27   -      410           32 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 16, 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                                           26            10             0             0             0           ...            37 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  23,587        67,034       117,587     1,152,291       468,555       632,186     2,461,239 
  Weekly changes                        +   23,587    -   23,587    +        3    +        8    +        7    +       27    +       43 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,161        11,767        10,982             0         2,347        29,257 
  Weekly changes                        -    2,061             0             0             0             0             0    -    2,061 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           776         8,991     1,748,315     1,758,082 
  Weekly changes                                 0             0             0    -        2    -       38    +    6,293    +    6,252 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                76             0             0             0             0             0            76 
                                                                                                                                       
Reverse repurchase agreements (4)          289,888             0           ...           ...           ...           ...       289,888 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 16, 2016  

Mortgage-backed securities held outright (1)                                                                             1,758,082  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,027  
Commitments to sell mortgage-backed securities (2)                                                                             241  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   60  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 16, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,722  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 2015. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 16, 2016   Wednesday    Wednesday  
                                                        consolidation                 Mar 9, 2016 Mar 18, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,917   -       13   +       69  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,418,619   +    4,257   -    9,724  
    Securities held outright (1)                                          4,248,579   +    4,235   +    6,001  
      U.S. Treasury securities                                            2,461,239   +       43   +    1,452  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,518            0   -    2,192  
        Notes and bonds, inflation-indexed (2)                              100,880            0   +    2,411  
        Inflation compensation (3)                                           15,841   +       44   +    1,233  
      Federal agency debt securities (2)                                     29,257   -    2,061   -    7,620  
      Mortgage-backed securities (4)                                      1,758,082   +    6,252   +   12,168  
    Unamortized premiums on securities held outright  
    (5)                                                                     186,371   -       42   -   17,407  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,367   +       39   +    1,656  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        37   +       25   +       27  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,722            0   +       30  
  Items in process of collection                                   (0)          150   +        3   -      202  
  Bank premises                                                               2,227   +        2   -       21  
  Central bank liquidity swaps (8)                                               76   -       19   +       74  
  Foreign currency denominated assets (9)                                    20,323   +       13   +      986  
  Other assets (10)                                                          25,064   +    1,009   -      765  
                                                                                                               
Total assets                                                       (0)    4,486,333   +    5,250   -    9,555  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Mar 16, 2016   Wednesday    Wednesday  
                                                        consolidation                 Mar 9, 2016 Mar 18, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,393,955   +    2,081   +   82,110 
  Reverse repurchase agreements (11)                                         289,888   +    6,455   +      273 
  Deposits                                                          (0)    2,755,993   -    3,028   -   73,085 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,455,522   -   77,703   -  270,797 
    U.S. Treasury, General Account                                           279,081   +   82,784   +  191,521 
    Foreign official                                                           5,175   +        4   -       47 
    Other (12)                                                      (0)       16,215   -    8,112   +    6,237 
  Deferred availability cash items                                  (0)          345   -       43   -      343 
  Other liabilities and accrued dividends (13)                                 6,606   -      227   -      470 
                                                                                                               
Total liabilities                                                   (0)    4,446,787   +    5,239   +    8,484 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,546   +       11   +      754 
  Surplus                                                                     10,000            0   -   18,792 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,546   +       11   -   18,039 

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.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, March 16, 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         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,917          49          87          133         137         301         183         282          23          58         153         190         322
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,418,619     112,009   2,652,538      109,897     106,233     239,989     248,820     164,177      46,079      26,875      57,404     142,337     512,260
    Securities held outright (1)               4,248,579     107,699   2,550,473      105,669     102,146     230,755     239,246     157,854      44,306      25,838      55,191     136,861     492,540
      U.S. Treasury securities                 2,461,239      62,391   1,477,511       61,215      59,174     133,679     138,597      91,446      25,667      14,968      31,973      79,285     285,333
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,239      62,391   1,477,511       61,215      59,174     133,679     138,597      91,446      25,667      14,968      31,973      79,285     285,333
      Federal agency debt securities (2)          29,257         742      17,563          728         703       1,589       1,648       1,087         305         178         380         942       3,392
      Mortgage-backed securities (4)           1,758,082      44,567   1,055,398       43,726      42,268      95,488      99,001      65,321      18,334      10,692      22,838      56,634     203,815
    Unamortized premiums on securities held 
      outright (5)                               186,371       4,724     111,881        4,635       4,481      10,122      10,495       6,925       1,944       1,133       2,421       6,004      21,606
    Unamortized discounts on securities     
      held outright (5)                          -16,367        -415      -9,825         -407        -394        -889        -922        -608        -171        -100        -213        -527      -1,897
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             37           0          10            0           0           0           0           7           0           3           4           0          12
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,722           0       1,722            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     150           0           0            0           0           0         149           0           0           0           0           0           0
  Bank premises                                    2,227         123         433           74         105         210         207         203         117          91         240         226         198
  Central bank liquidity swaps (8)                    76           3          24            4           6          17           4           2           1           0           1           1          11
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,323         921       6,553        1,135       1,584       4,663       1,156         546         189          85         214         293       2,984
  Other assets (10)                               25,064         669      14,433          629         610       1,540       1,415         937         498         173         370         873       2,919
  Interdistrict settlement account                     0  -   19,683  -  198,951   +   15,731  +   20,017  +   39,876  +   11,378  +    3,096  +   13,247  +    6,260  +    3,666  +   26,642  +   78,722
                                                                                                                                                                                                         
Total assets                                   4,486,333      94,633   2,482,364      128,154     129,435     287,790     265,565     170,400      60,604      33,805      62,488     171,735     599,361

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 16, 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            1,560,427      49,358     497,823      49,293      81,976     106,668     222,645     103,486      51,028      27,083      40,150     129,390     201,526
    Less: Notes held by F.R. Banks               166,472       5,487      58,229       5,913       8,657      11,593      20,729      10,228       4,626       2,453       4,678      12,400      21,479
      Federal Reserve notes, net               1,393,955      43,871     439,594      43,380      73,319      95,075     201,916      93,259      46,402      24,629      35,472     116,990     180,047
  Reverse repurchase agreements (11)             289,888       7,349     174,023       7,210       6,970      15,745      16,324      10,771       3,023       1,763       3,766       9,338      33,607
  Deposits                                     2,755,993      41,465   1,852,377      75,144      45,899     167,550      44,613      64,999      10,619       6,850      22,719      44,649     379,109
    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                           2,455,522      41,460   1,559,147      75,142      45,896     167,393      44,604      57,962      10,608       6,850      22,715      44,647     379,099
    U.S. Treasury, General Account               279,081           0     279,081           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,175           2       5,148           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    16,215           3       9,001           0           0         148           7       7,036          11           0           3           1           5
  Deferred availability cash items                   345           0           0           0           0           0          88           0           0         257           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,899          49       1,155          44          45          94         113          70          20          11          23          64         211
  Other liabilities and accrued             
     dividends                                     4,707         153       2,181         193         190         521         303         235         125         126         114         191         375
                                                                                                                                                                                                        
Total liabilities                              4,446,787      92,887   2,469,330     125,972     126,423     278,985     263,358     169,333      60,189      33,635      62,094     171,232     593,350
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,546       1,305       9,736       1,631       2,250       6,575       1,652         799         312         127         294         376       4,489
  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                  4,486,333      94,633   2,482,364     128,154     129,435     287,790     265,565     170,400      60,604      33,805      62,488     171,735     599,361

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, March 16, 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.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Mar 16, 2016  

Federal Reserve notes outstanding                                                            1,560,427  
  Less: Notes held by F.R. Banks not subject to collateralization                              166,472  
    Federal Reserve notes to be collateralized                                               1,393,955  
Collateral held against Federal Reserve notes                                                1,393,955  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,377,718  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,248,579  
  Less: Face value of securities under reverse repurchase agreements                           270,549  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,978,030  

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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