---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     July 7, 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   Jul 6, 2016 
Federal Reserve Banks                                      Jul 6, 2016 Jun 29, 2016  Jul 8, 2015              

Reserve Bank credit                                         4,429,767   -    6,319   -   12,351    4,430,499  
  Securities held outright (1)                              4,231,030   -    8,421   +    2,016    4,231,064  
    U.S. Treasury securities                                2,462,393   +      140   +    1,334    2,462,427  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,557   -      729   -    8,084    2,338,557  
      Notes and bonds, inflation-indexed (2)                  106,669   +      730   +    8,135      106,669  
      Inflation compensation (3)                               17,167   +      139   +    1,284       17,202  
    Federal agency debt securities (2)                         25,096            0   -   10,799       25,096  
    Mortgage-backed securities (4)                          1,743,541   -    8,560   +   11,481    1,743,541  
  Unamortized premiums on securities held outright (5)        180,574   -      635   -   17,308      180,466  
  Unamortized discounts on securities held outright (5)       -15,934   -        7   +    1,558      -15,924  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           222   +       90   +       39          147  
    Primary credit                                                 88   +       81   +       75            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               134   +        9   -       36          147  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,712   -        1   +       16        1,712  
  Float                                                          -450   -      171   -      186         -402  
  Central bank liquidity swaps (8)                              2,994   +    2,992   +    2,839        2,994  
  Other Federal Reserve assets (9)                             29,619   -      167   -    1,325       30,441  
Foreign currency denominated assets (10)                       21,294   +       38   +    1,572       21,344  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,941   +       14   +      914       47,941  
                                                                                                              
Total factors supplying reserve funds                       4,515,243   -    6,267   -    9,865    4,516,025  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 6, 2016 
Federal Reserve Banks                                      Jul 6, 2016 Jun 29, 2016  Jul 8, 2015              

Currency in circulation (11)                                 1,465,900   +    7,387   +   94,784    1,466,893 
Reverse repurchase agreements (12)                             390,454   +   31,413   +   64,712      338,376 
  Foreign official and international accounts                  258,002   +    5,097   +  100,720      254,975 
  Others                                                       132,452   +   26,316   -   36,009       83,401 
Treasury cash holdings                                              71   -       22   -       13           72 
Deposits with F.R. Banks, other than reserve balances          357,584   -   42,271   +  150,402      355,000 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               303,297   -   33,796   +  120,701      298,044 
  Foreign official                                               5,225   -       97   -       37        5,196 
  Other (13)                                                    49,063   -    8,376   +   29,739       51,760 
Other liabilities and capital (14)                              47,823   +      159   -   18,061       47,402 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,261,833   -    3,333   +  291,825    2,207,743 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,253,410   -    2,934   -  301,690    2,308,282 

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   Jul 6, 2016 
                                                           Jul 6, 2016 Jun 29, 2016  Jul 8, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,229,505   +    4,508   -  137,895    3,216,866 
  Marketable U.S. Treasury securities (1)                    2,917,178   +    5,123   -  106,361    2,905,447 
  Federal agency debt and mortgage-backed securities (2)       261,920   -      692   -   36,744      260,832 
  Other securities (3)                                          50,407   +       77   +    5,210       50,587 
Securities lent to dealers                                      26,913   +    2,961   +   15,826       24,729 
  Overnight facility (4)                                        26,913   +    2,961   +   15,826       24,729 
    U.S. Treasury securities                                    26,891   +    2,953   +   15,932       24,711 
    Federal agency debt securities                                  22   +        8   -      106           18 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 6, 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                                           23           124             0             0             0           ...           147 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,644        27,346       146,455     1,195,883       451,851       637,247     2,462,427 
  Weekly changes                        -    9,923    +    3,187    +    6,061    -    4,114    +    4,105    +      807    +      124 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,604         2,000        12,395         5,750             0         2,347        25,096 
  Weekly changes                        +    2,604    -    2,604             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0         1,054         9,522     1,732,965     1,743,541 
  Weekly changes                                 0             0             0    +      127    -       89    -       38             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             2,994             0             0             0             0             0         2,994 
                                                                                                                                       
Reverse repurchase agreements (4)          338,376             0           ...           ...           ...           ...       338,376 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 6, 2016  

Mortgage-backed securities held outright (1)                                                                             1,743,541  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           37,220  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 6, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,712  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 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        Jul 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 29, 2016  Jul 8, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,841   -       12   -       41  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,395,753   -      251   -   13,786  
    Securities held outright (1)                                          4,231,064   +      124   +    2,002  
      U.S. Treasury securities                                            2,462,427   +      124   +    1,320  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,557   -      729   -    8,084  
        Notes and bonds, inflation-indexed (2)                              106,669   +      730   +    8,135  
        Inflation compensation (3)                                           17,202   +      125   +    1,271  
      Federal agency debt securities (2)                                     25,096            0   -   10,799  
      Mortgage-backed securities (4)                                      1,743,541            0   +   11,481  
    Unamortized premiums on securities held outright  
    (5)                                                                     180,466   -      352   -   17,320  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,924   -       14   +    1,558  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       147   -        9   -       25  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,712            0   +       14  
  Items in process of collection                                   (0)          282   +      145   +      214  
  Bank premises                                                               2,212   -        8   -       28  
  Central bank liquidity swaps (8)                                            2,994   +    2,992   +    2,839  
  Foreign currency denominated assets (9)                                    21,344   +       97   +    1,504  
  Other assets (10)                                                          28,229   +    1,159   -    1,402  
                                                                                                               
Total assets                                                       (0)    4,470,605   +    4,123   -   10,684  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 6, 2016   Wednesday    Wednesday  
                                                        consolidation                Jun 29, 2016  Jul 8, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,420,861   +    4,113   +   94,070 
  Reverse repurchase agreements (11)                                         338,376   -   65,351   +   36,521 
  Deposits                                                          (0)    2,663,282   +   65,369   -  123,471 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,308,282   +  109,163   -  277,061 
    U.S. Treasury, General Account                                           298,044   -   48,588   +  124,402 
    Foreign official                                                           5,196   +        2   -       48 
    Other (12)                                                      (0)       51,760   +    4,792   +   29,236 
  Deferred availability cash items                                  (0)          684   -      722   +      321 
  Other liabilities and accrued dividends (13)                                 7,294   +      719   +       59 
                                                                                                               
Total liabilities                                                   (0)    4,430,497   +    4,128   +    7,501 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,108   -        5   +      962 
  Surplus                                                                     10,000            0   -   19,146 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,108   -        5   -   18,185 

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, July 6, 2016
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,841          44          61          143         134         294         182         272          27          56         132         183         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,395,753     107,979   2,501,395      119,350     131,641     268,632     246,025     175,161      55,525      32,469      61,184     156,463     539,929
    Securities held outright (1)               4,231,064     103,937   2,407,760      114,883     126,713     258,576     236,809     168,586      53,399      31,194      58,885     150,604     519,718
      U.S. Treasury securities                 2,462,427      60,490   1,401,286       66,860      73,746     150,488     137,820      98,115      31,078      18,154      34,271      87,649     302,469
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,462,427      60,490   1,401,286       66,860      73,746     150,488     137,820      98,115      31,078      18,154      34,271      87,649     302,469
      Federal agency debt securities (2)          25,096         616      14,281          681         752       1,534       1,405       1,000         317         185         349         893       3,083
      Mortgage-backed securities (4)           1,743,541      42,831     992,192       47,341      52,216     106,554      97,585      69,471      22,005      12,854      24,266      62,061     214,166
    Unamortized premiums on securities held 
      outright (5)                               180,466       4,433     102,697        4,900       5,405      11,029      10,101       7,191       2,278       1,330       2,512       6,424      22,167
    Unamortized discounts on securities     
      held outright (5)                          -15,924        -391      -9,062         -432        -477        -973        -891        -635        -201        -117        -222        -567      -1,956
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            147           0           0            0           0           0           7          18          48          62           8           3           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,712           0       1,712            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     282           0           0            0           0           0         280           1           0           1           0           0           0
  Bank premises                                    2,212         120         429           73         106         207         207         202         115          90         241         225         196
  Central bank liquidity swaps (8)                 2,994         132         988          165         228         668         166          80          31          13          30          38         456
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,344         943       7,044        1,174       1,626       4,760       1,185         572         219          91         213         271       3,247
  Other assets (10)                               28,229         729      15,608          771         853       1,892       1,602       1,142         437         237         446       1,025       3,488
  Interdistrict settlement account                     0  -   24,859  -   26,093   +      433  -    4,061  -    9,011  +    8,654  +    2,987  +    1,112  +      112  +      407  +   13,487  +   36,832
                                                                                                                                                                                                         
Total assets                                   4,470,605      85,640   2,506,549      122,679     131,351     268,613     260,497     181,595      57,975      33,351      63,101     172,848     586,406

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 6, 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            1,592,023      49,790     511,528      49,673      81,527     111,405     222,136     106,560      50,506      27,414      40,665     133,103     207,717
    Less: Notes held by F.R. Banks               171,162       5,242      54,177       5,648       8,979      12,420      25,305      10,525       5,006       2,595       4,678      14,163      22,425
      Federal Reserve notes, net               1,420,861      44,549     457,351      44,025      72,548      98,986     196,830      96,036      45,500      24,819      35,987     118,940     185,292
  Reverse repurchase agreements (11)             338,376       8,312     192,559       9,188      10,134      20,679      18,939      13,483       4,271       2,495       4,709      12,044      41,564
  Deposits                                     2,663,282      30,822   1,839,744      67,054      45,364     139,491      41,687      70,249       7,620       5,404      21,868      41,075     352,903
    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                           2,308,282      30,803   1,492,185      67,052      45,361     139,351      41,678      63,000       7,612       5,404      21,866      41,075     352,895
    U.S. Treasury, General Account               298,044           0     298,044           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,196           2       5,169           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    51,760          17      44,345           0           0         131           7       7,248           8           0           1           0           2
  Deferred availability cash items                   684           0           0           0           0           0         370           0           0         314           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,391          66       1,308          68          83         183         143          93          34          16          26          80         289
  Other liabilities and accrued             
     dividends                                     4,903         145       2,436         182         185         465         309         245         133         132         118         202         353
                                                                                                                                                                                                        
Total liabilities                              4,430,497      83,893   2,493,397     120,517     128,313     259,804     258,278     180,106      57,557      33,181      62,708     172,342     580,401
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,108       1,305       9,853       1,612       2,276       6,579       1,664       1,221         315         128         292         380       4,484
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,470,605      85,640   2,506,549     122,679     131,351     268,613     260,497     181,595      57,975      33,351      63,101     172,848     586,406

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 6, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jul 6, 2016  

Federal Reserve notes outstanding                                                            1,592,023  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,162  
    Federal Reserve notes to be collateralized                                               1,420,861  
Collateral held against Federal Reserve notes                                                1,420,861  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,404,624  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,231,064  
  Less: Face value of securities under reverse repurchase agreements                           311,289  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,919,776  

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

---

Home Economic research and data  Accessibility Contact Us  Last update:  July 07, 2016