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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 12, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 11, 2017 
Federal Reserve Banks                                     Jan 11, 2017  Jan 4, 2017 Jan 13, 2016              

Reserve Bank credit                                         4,413,643   -      747   -   37,287    4,414,192  
  Securities held outright (1)                              4,221,135   -       44   -   22,623    4,221,125  
    U.S. Treasury securities                                2,463,564   -       45   +    2,093    2,463,548  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,103            0   -    7,536    2,339,103  
      Notes and bonds, inflation-indexed (2)                  106,697            0   +    8,163      106,697  
      Inflation compensation (3)                               17,764   -       44   +    1,466       17,748  
    Federal agency debt securities (2)                         16,180            0   -   16,764       16,180  
    Mortgage-backed securities (4)                          1,741,392   +        1   -    7,951    1,741,398  
  Unamortized premiums on securities held outright (5)        172,608   -      326   -   16,422      172,520  
  Unamortized discounts on securities held outright (5)       -15,064   +       17   +    1,461      -15,054  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             5   -       49   -       17            5  
    Primary credit                                                  3   -       32   -        1            4  
    Secondary credit                                                0   -        1            0            0  
    Seasonal credit                                                 2   -       16   -       16            1  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,706   +        5   -       11        1,704  
  Float                                                          -368   +      478   -      233         -588  
  Central bank liquidity swaps (8)                              2,731   -    2,727   +    2,613        2,626  
  Other Federal Reserve assets (9)                             30,889   +    1,898   -    2,055       31,854  
Foreign currency denominated assets (10)                       19,568   +       44   -      243       19,505  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,575   +       14   +      993       48,575  
                                                                                                              
Total factors supplying reserve funds                       4,498,027   -      689   -   36,537    4,498,513  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 11, 2017 
Federal Reserve Banks                                     Jan 11, 2017  Jan 4, 2017 Jan 13, 2016              

Currency in circulation (11)                                 1,505,444   -    3,928   +   88,325    1,504,110 
Reverse repurchase agreements (12)                             454,852   -  197,973   +  137,693      414,925 
  Foreign official and international accounts                  255,916   -      681   +   36,579      256,105 
  Others                                                       198,936   -  197,292   +  101,114      158,820 
Treasury cash holdings                                             177   +       10   -      102          180 
Deposits with F.R. Banks, other than reserve balances          422,217   -   21,792   +   91,077      421,144 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               372,492   -   15,497   +   69,509      369,010 
  Foreign official                                               5,205   +       40   -       39        5,166 
  Other (13)                                                    44,520   -    6,335   +   21,607       46,968 
Other liabilities and capital (14)                              47,160   +      212   +      192       47,227 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,429,849   -  223,472   +  317,184    2,387,586 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,068,178   +  222,782   -  353,721    2,110,927 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jan 11, 2017 
                                                          Jan 11, 2017  Jan 4, 2017 Jan 13, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,181,751   -      213   -   95,308    3,176,911 
  Marketable U.S. Treasury securities (1)                    2,861,677   +      520   -  100,273    2,857,046 
  Federal agency debt and mortgage-backed securities (2)       260,720   -      681   -    7,841      260,784 
  Other securities (3)                                          59,354   -       52   +   12,807       59,081 
Securities lent to dealers                                      17,079   -    6,407   +    4,110       17,983 
  Overnight facility (4)                                        17,079   -    6,407   +    4,110       17,983 
    U.S. Treasury securities                                    17,031   -    6,411   +    4,179       17,938 
    Federal agency debt securities                                  48   +        3   -       68           45 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 11, 2017    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                            4             1             0             0             0           ...             5 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,103        41,249       150,765     1,232,315       402,988       633,127     2,463,548 
  Weekly changes                        -        2             0    -        1    -        7    -        8    -       27    -       43 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,851         8,938         2,044             0         2,347        16,180 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            84        10,895     1,730,418     1,741,398 
  Weekly changes                                 0             0             0             0             0    +        7    +        7 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             2,626             0             0             0             0             0         2,626 
                                                                                                                                       
Reverse repurchase agreements (4)          414,925             0           ...           ...           ...           ...       414,925 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 11, 2017  

Mortgage-backed securities held outright (1)                                                                             1,741,398  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           51,573  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 11, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,704  
                                                                                                                                    
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       Jan 11, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jan 4, 2017 Jan 13, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,890   +       15   -       32  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,378,596   -      312   -   49,205  
    Securities held outright (1)                                          4,221,125   -       37   -   33,871  
      U.S. Treasury securities                                            2,463,548   -       43   +    2,098  
        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)                                           17,748   -       43   +    1,470  
      Federal agency debt securities (2)                                     16,180            0   -   16,764  
      Mortgage-backed securities (4)                                      1,741,398   +        7   -   19,204  
    Unamortized premiums on securities held outright  
    (5)                                                                     172,520   -      269   -   16,770  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,054   +       29   +    1,460  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         5   -       35   -       24  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,704   -        3   -       14  
  Items in process of collection                                   (0)           98   -       70   -       49  
  Bank premises                                                               2,203   +        1   -       33  
  Central bank liquidity swaps (8)                                            2,626   -    2,937   +    2,508  
  Foreign currency denominated assets (9)                                    19,505   +      104   -      280  
  Other assets (10)                                                          29,651   +    2,610   -    2,080  
                                                                                                               
Total assets                                                       (0)    4,452,509   -      592   -   49,186  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 11, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jan 4, 2017 Jan 13, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,457,601   -    4,962   +   87,377 
  Reverse repurchase agreements (11)                                         414,925   -  108,288   +  113,822 
  Deposits                                                          (0)    2,532,071   +  111,747   -  250,492 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,110,927   +  112,761   -  339,900 
    U.S. Treasury, General Account                                           369,010   -    2,823   +   66,770 
    Foreign official                                                           5,166   +        2   -       65 
    Other (12)                                                      (0)       46,968   +    1,807   +   22,702 
  Deferred availability cash items                                  (0)          686   -      280   +      254 
  Other liabilities and accrued dividends (13)                                 6,780   +    1,186   -    1,089 
                                                                                                               
Total liabilities                                                   (0)    4,412,063   -      596   -   50,128 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,447   +        5   +      943 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,447   +        5   +      943 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, January 11, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,890          49          71          161         135         309         187         284          30          53         114         193         306
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,378,596     107,561   2,491,713      118,888     131,131     267,592     245,066     174,465      55,261      32,285      60,939     155,855     537,839
    Securities held outright (1)               4,221,125     103,693   2,402,103      114,613     126,416     257,969     236,253     168,190      53,274      31,121      58,747     150,250     518,497
      U.S. Treasury securities                 2,463,548      60,518   1,401,924       66,891      73,779     150,557     137,883      98,160      31,092      18,163      34,286      87,689     302,607
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,548      60,518   1,401,924       66,891      73,779     150,557     137,883      98,160      31,092      18,163      34,286      87,689     302,607
      Federal agency debt securities (2)          16,180         397       9,208          439         485         989         906         645         204         119         225         576       1,987
      Mortgage-backed securities (4)           1,741,398      42,778     990,972       47,283      52,152     106,423      97,465      69,386      21,978      12,839      24,236      61,985     213,903
    Unamortized premiums on securities held 
      outright (5)                               172,520       4,238      98,175        4,684       5,167      10,543       9,656       6,874       2,177       1,272       2,401       6,141      21,191
    Unamortized discounts on securities     
      held outright (5)                          -15,054        -370      -8,567         -409        -451        -920        -843        -600        -190        -111        -210        -536      -1,849
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              5           0           1            0           0           0           0           0           0           3           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,704           0       1,704            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      98           0           0            0           0           0          97           0           0           1           0           0           0
  Bank premises                                    2,203         118         437           72         107         203         206         200         113          89         239         223         196
  Central bank liquidity swaps (8)                 2,626         116         866          144         200         586         146          70          27          11          26          33         400
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,505         862       6,437        1,073       1,485       4,350       1,083         523         200          83         195         247       2,967
  Other assets (10)                               29,651         768      16,408          810         893       1,987       1,690       1,191         452         242         465       1,098       3,647
  Interdistrict settlement account                     0  -   23,971  +    3,101   -    8,513  -    9,070  -   13,787  +   12,988  +   14,713  +    3,574  +    2,680  +    2,917  +   18,371  -    3,004
                                                                                                                                                                                                         
Total assets                                   4,452,509      86,054   2,526,143      113,205     125,706     262,411     263,658     192,622      60,167      35,727      65,342     177,177     544,296

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 11, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,638,870      53,307     534,630      51,858      80,650     118,022     223,489     108,917      49,449      28,309      45,148     135,894     209,195
    Less: Notes held by F.R. Banks               181,269       5,916      48,888       6,461       9,277      13,589      26,086      11,854       5,362       3,095       6,009      16,928      27,805
      Federal Reserve notes, net               1,457,601      47,392     485,742      45,397      71,374     104,433     197,402      97,064      44,088      25,214      39,139     118,966     181,391
  Reverse repurchase agreements (11)             414,925      10,193     236,120      11,266      12,426      25,358      23,223      16,533       5,237       3,059       5,775      14,769      50,967
  Deposits                                     2,532,071      26,505   1,787,798      54,122      38,418     123,217      40,094      77,145      10,250       6,627      19,893      42,643     305,359
    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                           2,110,927      26,498   1,382,714      54,120      38,415     123,085      40,085      61,271      10,228       6,627      19,891      42,641     305,351
    U.S. Treasury, General Account               369,010           0     369,010           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,166           2       5,139           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    46,968           5      30,935           0           0         123           7      15,873          21           0           1           1           2
  Deferred availability cash items                   686           0           0           0           0           0         177           0           0         509           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,961          52       1,083          56          65         131         116          84          24          15          26          71         239
  Other liabilities and accrued             
     dividends                                     4,819         150       2,353         177         182         457         316         255         134         132         114         212         336
                                                                                                                                                                                                        
Total liabilities                              4,412,063      84,291   2,513,096     111,018     122,464     253,596     261,329     191,080      59,732      35,556      64,947     176,661     538,292
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,447       1,320       9,748       1,637       2,480       6,585       1,774       1,274         333         129         296         389       4,483
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,452,509      86,054   2,526,143     113,205     125,706     262,411     263,658     192,622      60,167      35,727      65,342     177,177     544,296

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 11, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jan 11, 2017  

Federal Reserve notes outstanding                                                            1,638,870  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,269  
    Federal Reserve notes to be collateralized                                               1,457,601  
Collateral held against Federal Reserve notes                                                1,457,601  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,441,364  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,221,125  
  Less: Face value of securities under reverse repurchase agreements                           392,561  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,828,564  

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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