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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 22, 2016


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 21, 2016 
Federal Reserve Banks                                     Dec 21, 2016 Dec 14, 2016 Dec 23, 2015              

Reserve Bank credit                                         4,423,566   +    6,195   -   37,222    4,431,175  
  Securities held outright (1)                              4,230,898   +    2,580   -   23,860    4,238,227  
    U.S. Treasury securities                                2,463,553   +       35   +    1,983    2,463,566  
      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)                               17,753   +       35   +    1,356       17,766  
    Federal agency debt securities (2)                         16,361   -    2,132   -   16,583       16,180  
    Mortgage-backed securities (4)                          1,750,983   +    4,676   -    9,260    1,758,481  
  Unamortized premiums on securities held outright (5)        173,945   -      409   -   16,526      173,967  
  Unamortized discounts on securities held outright (5)       -15,140   +       36   +    1,481      -15,127  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            35   +        5   -       64           42  
    Primary credit                                                  7   +        1   -       24           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                28   +        4   -       40           28  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,707            0   -        9        1,707  
  Float                                                          -392   -       31   -      328         -410  
  Central bank liquidity swaps (8)                              4,743   +    3,267   +    3,817        4,743  
  Other Federal Reserve assets (9)                             27,770   +      747   -    1,734       28,027  
Foreign currency denominated assets (10)                       19,329   -      361   -      255       19,318  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,503   +       14   +      945       48,503  
                                                                                                              
Total factors supplying reserve funds                       4,507,639   +    5,848   -   36,533    4,515,237  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 21, 2016 
Federal Reserve Banks                                     Dec 21, 2016 Dec 14, 2016 Dec 23, 2015              

Currency in circulation (11)                                 1,499,298   +    1,834   +   82,618    1,502,971 
Reverse repurchase agreements (12)                             492,772   +   57,401   +  133,868      560,172 
  Foreign official and international accounts                  255,182   +   11,391   +   47,584      252,695 
  Others                                                       237,590   +   46,010   +   86,283      307,477 
Treasury cash holdings                                             159   -        1   -       92          164 
Deposits with F.R. Banks, other than reserve balances          445,707   +   63,020   +  153,004      442,839 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               388,497   +   63,972   +  120,889      387,014 
  Foreign official                                               5,199   -       14   -       32        5,181 
  Other (13)                                                    52,012   -      937   +   32,149       50,643 
Other liabilities and capital (14)                              46,694   -    1,119   -   20,366       46,335 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,484,630   +  121,135   +  349,031    2,552,481 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,023,009   -  115,287   -  385,564    1,962,755 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 21, 2016 
                                                          Dec 21, 2016 Dec 14, 2016 Dec 23, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,171,854   +   19,069   -  137,812    3,173,299 
  Marketable U.S. Treasury securities (1)                    2,849,686   +   22,258   -  142,573    2,852,468 
  Federal agency debt and mortgage-backed securities (2)       262,770   -    2,676   -    8,054      261,458 
  Other securities (3)                                          59,398   -      513   +   12,814       59,374 
Securities lent to dealers                                      21,672   -    2,371   +    6,743       18,828 
  Overnight facility (4)                                        21,672   -    2,371   +    6,743       18,828 
    U.S. Treasury securities                                    21,650   -    2,369   +    6,843       18,817 
    Federal agency debt securities                                  22   -        3   -      101           11 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 21, 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                                           42             0             0             0             0           ...            42 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  11,702        30,794       146,821     1,241,843       399,268       633,138     2,463,566 
  Weekly changes                        +   11,702    -   11,701             0    +        6    +        7    +       21    +       35 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,851         8,938         2,044             0         2,347        16,180 
  Weekly changes                        -    2,313             0             0             0             0             0    -    2,313 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            78        10,845     1,747,559     1,758,481 
  Weekly changes                                 0             0             0    +        2    -       17    -    1,919    -    1,934 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             4,743             0             0             0             0             0         4,743 
                                                                                                                                       
Reverse repurchase agreements (4)          560,172             0           ...           ...           ...           ...       560,172 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 21, 2016  

Mortgage-backed securities held outright (1)                                                                             1,758,481  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           32,037  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 21, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2016. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 21, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 14, 2016 Dec 23, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,872   +        2   -       25  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,397,108   -    4,694   -   28,847  
    Securities held outright (1)                                          4,238,227   -    4,213   -   14,040  
      U.S. Treasury securities                                            2,463,566   +       35   +    2,000  
        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)                                           17,766   +       35   +    1,373  
      Federal agency debt securities (2)                                     16,180   -    2,313   -   16,764  
      Mortgage-backed securities (4)                                      1,758,481   -    1,934   +      724  
    Unamortized premiums on securities held outright  
    (5)                                                                     173,967   -      511   -   16,257  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,127   +       38   +    1,482  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        42   -        8   -       31  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707   -        1   -        8  
  Items in process of collection                                   (0)           66   -        8   -      127  
  Bank premises                                                               2,204   +        4   -       30  
  Central bank liquidity swaps (8)                                            4,743   +    3,267   +    3,817  
  Foreign currency denominated assets (9)                                    19,318   -      441   -      291  
  Other assets (10)                                                          25,834   -       14   -    1,923  
                                                                                                               
Total assets                                                       (0)    4,469,089   -    1,884   -   27,434  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 21, 2016   Wednesday    Wednesday  
                                                        consolidation                Dec 14, 2016 Dec 23, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,456,501   +    4,401   +   80,148 
  Reverse repurchase agreements (11)                                         560,172   +  131,291   +  170,586 
  Deposits                                                          (0)    2,405,606   -  136,999   -  258,708 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,962,767   -  160,788   -  408,312 
    U.S. Treasury, General Account                                           387,014   +   61,743   +  120,883 
    Foreign official                                                           5,181   +        2   -       49 
    Other (12)                                                      (0)       50,643   -   37,956   +   28,769 
  Deferred availability cash items                                  (0)          475   -      151   -        7 
  Other liabilities and accrued dividends (13)                                 5,893   -      450   -    1,176 
                                                                                                               
Total liabilities                                                   (0)    4,428,647   -    1,908   -    9,157 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,442   +       24   +    1,082 
  Surplus                                                                     10,000            0   -   19,360 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,442   +       24   -   18,278 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, December 21, 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                                             1,872          45          67          161         137         306         188         277          28          51         113         188         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,397,108     108,015   2,502,226      119,392     131,685     268,721     246,100     175,219      55,497      32,426      61,205     156,512     540,110
    Securities held outright (1)               4,238,227     104,113   2,411,836      115,077     126,928     259,014     237,210     168,872      53,490      31,247      58,985     150,859     520,598
      U.S. Treasury securities                 2,463,566      60,518   1,401,935       66,891      73,780     150,558     137,884      98,161      31,092      18,163      34,286      87,690     302,609
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,566      60,518   1,401,935       66,891      73,780     150,558     137,884      98,161      31,092      18,163      34,286      87,690     302,609
      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)           1,758,481      43,198   1,000,694       47,747      52,664     107,467      98,421      70,066      22,193      12,965      24,473      62,593     216,001
    Unamortized premiums on securities held 
      outright (5)                               173,967       4,274      98,999        4,724       5,210      10,632       9,737       6,932       2,196       1,283       2,421       6,192      21,369
    Unamortized discounts on securities     
      held outright (5)                          -15,127        -372      -8,609         -411        -453        -924        -847        -603        -191        -112        -211        -538      -1,858
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             42           0           0            2           0           0           0          18           2           8           9           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      66           0           0            0           0           0          65           0           0           0           0           0           0
  Bank premises                                    2,204         118         434           72         106         204         207         201         114          90         239         223         196
  Central bank liquidity swaps (8)                 4,743         210       1,565          261         361       1,058         263         127          49          20          47          60         722
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,318         854       6,375        1,063       1,471       4,308       1,072         518         198          83         193         245       2,939
  Other assets (10)                               25,834         667      14,136          703         770       1,731       1,466       1,028         525         210         405       1,030       3,163
  Interdistrict settlement account                     0  -   24,554  -   42,360   -    6,571  -    2,591  -   10,435  +   21,678  +   16,371  +    3,463  +    3,514  +    3,953  +   20,143  +   17,389
                                                                                                                                                                                                         
Total assets                                   4,469,089      85,905   2,489,556      115,651     132,763     267,065     273,236     194,917      60,382      36,677      66,604     179,559     566,773

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, December 21, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,640,466      52,778     535,560      51,994      80,374     117,541     224,934     109,081      49,585      28,349      44,431     135,968     209,871
    Less: Notes held by F.R. Banks               183,966       5,914      52,428       6,702       9,031      13,519      25,931      11,508       5,451       3,112       5,865      16,911      27,596
      Federal Reserve notes, net               1,456,501      46,864     483,133      45,292      71,343     104,022     199,004      97,574      44,134      25,237      38,566     119,057     182,275
  Reverse repurchase agreements (11)             560,172      13,761     318,776      15,210      16,776      34,234      31,352      22,320       7,070       4,130       7,796      19,939      68,808
  Deposits                                     2,405,606      23,341   1,671,782      52,743      41,177     119,419      40,088      73,183       8,592       6,590      19,703      39,790     309,200
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,962,767      23,335   1,244,888      52,741      41,173     119,230      40,079      57,482       8,572       6,590      19,701      39,788     309,187
    U.S. Treasury, General Account               387,014           0     387,014           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,181           2       5,154           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    50,643           3      34,725           0           0         180           7      15,700          19           0           1           1           7
  Deferred availability cash items                   475           0           0           0           0           0          70           0           0         405           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   864          19         562          11          14          24          55          32          14           8          15          43          67
  Other liabilities and accrued             
     dividends                                     5,029         159       2,257         208         211         557         335         267         137         135         128         215         419
                                                                                                                                                                                                        
Total liabilities                              4,428,647      84,143   2,476,509     113,464     129,522     258,256     270,905     193,376      59,947      36,506      66,208     179,043     560,769
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,442       1,320       9,748       1,637       2,480       6,579       1,776       1,273         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                  4,469,089      85,905   2,489,556     115,651     132,763     267,065     273,236     194,917      60,382      36,677      66,604     179,559     566,773

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, December 21, 2016 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 21, 2016  

Federal Reserve notes outstanding                                                            1,640,466  
  Less: Notes held by F.R. Banks not subject to collateralization                              183,966  
    Federal Reserve notes to be collateralized                                               1,456,501  
Collateral held against Federal Reserve notes                                                1,456,501  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,440,264  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,238,227  
  Less: Face value of securities under reverse repurchase agreements                           539,752  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,698,475  

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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