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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                                                    June 22, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 21, 2017 
Federal Reserve Banks                                     Jun 21, 2017 Jun 14, 2017 Jun 22, 2016              

Reserve Bank credit                                         4,430,246   +    2,434   -    7,987    4,435,230  
  Securities held outright (1)                              4,249,383   +    1,789   +    7,230    4,254,154  
    U.S. Treasury securities                                2,464,926   +       87   +    2,808    2,464,958  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,338,216            0   -    1,070    2,338,216  
      Notes and bonds, inflation-indexed (2)                  108,126            0   +    2,187      108,126  
      Inflation compensation (3)                               18,583   +       87   +    1,691       18,615  
    Federal agency debt securities (2)                          8,097   -      421   -   16,999        8,097  
    Mortgage-backed securities (4)                          1,776,360   +    2,123   +   21,421    1,781,099  
  Unamortized premiums on securities held outright (5)        166,613   -      167   -   15,009      166,663  
  Unamortized discounts on securities held outright (5)       -14,776   +       33   +    1,194      -14,765  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           101   +       29   -       46          107  
    Primary credit                                                 18   +       11   -       21            9  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                83   +       18   -       25           98  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        4        1,709  
  Float                                                          -263   +       61   -      124         -372  
  Central bank liquidity swaps (8)                                 42   +        6   +       42           42  
  Other Federal Reserve assets (9)                             27,435   +      681   -    1,273       27,692  
Foreign currency denominated assets (10)                       20,600   -      119   -      659       20,537  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,935   +       14   +      940       48,935  
                                                                                                              
Total factors supplying reserve funds                       4,516,022   +    2,329   -    7,706    4,520,944  

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  Jun 21, 2017 
Federal Reserve Banks                                     Jun 21, 2017 Jun 14, 2017 Jun 22, 2016              

Currency in circulation (11)                                 1,554,710   +      122   +   98,567    1,555,694 
Reverse repurchase agreements (12)                             408,834   +   13,112   +  101,015      446,236 
  Foreign official and international accounts                  242,415   +    4,670   -      317      247,467 
  Others                                                       166,420   +    8,443   +  101,333      198,769 
Treasury cash holdings                                             202   -       19   +      112          199 
Deposits with F.R. Banks, other than reserve balances          293,963   +   54,306   -   55,696      305,851 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               212,275   +   58,629   -  104,563      225,126 
  Foreign official                                               5,176   -       37   -      158        5,165 
  Other (13)                                                    76,512   -    4,286   +   49,025       75,560 
Other liabilities and capital (14)                              48,493   -      295   +      373       48,348 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,306,202   +   67,225   +  144,371    2,356,329 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,209,820   -   64,896   -  152,077    2,164,616 

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 securities, Federal agency debt
    securities, and 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  Jun 21, 2017 
                                                          Jun 21, 2017 Jun 14, 2017 Jun 22, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,290,028   +   19,699   +   51,535    3,294,618 
  Marketable U.S. Treasury securities (1)                    2,966,046   +   20,079   +   41,046    2,972,599 
  Federal agency debt and mortgage-backed securities (2)       262,214   -      607   -      981      260,237 
  Other securities (3)                                          61,767   +      226   +   11,469       61,782 
Securities lent to dealers                                      25,611   -       92   +    4,458       25,291 
  Overnight facility (4)                                        25,611   -       92   +    4,458       25,291 
    U.S. Treasury securities                                    25,610   -       92   +    4,467       25,290 
    Federal agency debt securities                                   0   -        1   -       10            1 

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, June 21, 2017       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                          104             3             0             0             0           ...           107 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  12,885        34,923       256,067     1,174,361       353,826       632,897     2,464,958 
  Weekly changes                        +   12,885    -   12,884    +        2    +       14    +       20    +       51    +       87 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           801        11,404     1,768,895     1,781,099 
  Weekly changes                                 0             0             0    +      220    +      176    -    1,897    -    1,502 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                42             0             0             0             0             0            42 
                                                                                                                                       
Reverse repurchase agreements (4)          446,236             0           ...           ...           ...           ...       446,236 
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   
                                                                                                                      Jun 21, 2017  

Mortgage-backed securities held outright (1)                                                                             1,781,099  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,558  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   48  



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   
                                                                                                                      Jun 21, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
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, 2017. 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       Jun 21, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 14, 2017 Jun 22, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,819   +        5   -       44  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,406,160   -    1,670   -    5,432  
    Securities held outright (1)                                          4,254,154   -    1,415   +    8,382  
      U.S. Treasury securities                                            2,464,958   +       87   +    2,790  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,338,216            0   -    1,070  
        Notes and bonds, inflation-indexed (2)                              108,126            0   +    2,187  
        Inflation compensation (3)                                           18,615   +       87   +    1,673  
      Federal agency debt securities (2)                                      8,097            0   -   16,999  
      Mortgage-backed securities (4)                                      1,781,099   -    1,502   +   22,591  
    Unamortized premiums on securities held outright  
    (5)                                                                     166,663   -      318   -   14,971  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,765   +       33   +    1,193  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       107   +       30   -       37  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        4  
  Items in process of collection                                   (0)           61   -        4   -      110  
  Bank premises                                                               2,198   +        1   -       20  
  Central bank liquidity swaps (8)                                               42   +        6   +       42  
  Foreign currency denominated assets (9)                                    20,537   -      332   -      732  
  Other assets (10)                                                          25,495   -       17   -    1,451  
                                                                                                               
Total assets                                                       (0)    4,474,257   -    2,012   -    7,752  

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       Jun 21, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 14, 2017 Jun 22, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,508,773   +      212   +   97,600 
  Reverse repurchase agreements (11)                                         446,236   +   40,166   +  111,166 
  Deposits                                                          (0)    2,470,467   -   41,978   -  217,726 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,164,616   -   66,588   -  153,979 
    U.S. Treasury, General Account                                           225,126   +   61,185   -  106,286 
    Foreign official                                                           5,165   -       87   -       31 
    Other (12)                                                      (0)       75,560   -   36,487   +   42,569 
  Deferred availability cash items                                  (0)          433   -      311   +      140 
  Other liabilities and accrued dividends (13)                                 7,493   -      116   +      327 
                                                                                                               
Total liabilities                                                   (0)    4,433,401   -    2,029   -    8,494 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,856   +       16   +      742 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,856   +       16   +      742 

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 securities, Federal agency debt
    securities, and 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, June 21, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,819          44          46          168         130         273         197         281          27          52         114         185         300
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,406,160      85,847   2,481,012      113,762     127,772     258,153     259,360     185,342      58,780      34,391      62,495     176,388     562,857
    Securities held outright (1)               4,254,154      82,887   2,395,480      109,840     123,367     249,253     250,415     178,924      56,728      33,168      60,334     170,307     543,452
      U.S. Treasury securities                 2,464,958      48,027   1,387,998       63,644      71,482     144,423     145,096     103,673      32,870      19,218      34,959      98,680     314,889
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,464,958      48,027   1,387,998       63,644      71,482     144,423     145,096     103,673      32,870      19,218      34,959      98,680     314,889
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,781,099      34,702   1,002,922       45,987      51,650     104,356     104,842      74,911      23,751      13,886      25,260      71,303     227,529
    Unamortized premiums on securities held 
      outright (5)                               166,663       3,247      93,847        4,303       4,833       9,765       9,810       7,010       2,222       1,299       2,364       6,672      21,291
    Unamortized discounts on securities     
      held outright (5)                          -14,765        -288      -8,314         -381        -428        -865        -869        -621        -197        -115        -209        -591      -1,886
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            107           1           0            0           0           0           4          29          27          39           7           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      61           0           0            0           0           0          61           0           0           0           0           0           0
  Bank premises                                    2,198         119         442           71         112         201         203         200         111          88         236         221         193
  Central bank liquidity swaps (8)                    42           2          13            2           3           9           2           2           0           0           0           1           6
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,537         890       6,578        1,104       1,673       4,438       1,198         860         225          87         199         263       3,024
  Other assets (10)                               25,495         538      13,801          653         740       1,673       1,508       1,069         551         218         423       1,090       3,230
  Interdistrict settlement account                     0  +    2,866  -   26,862   -    2,788  -    4,417  +    3,386  -    8,359  +   40,226  -      174  +    2,005  +    6,595  +    4,578  -   17,056
                                                                                                                                                                                                         
Total assets                                   4,474,257      90,852   2,482,150      113,531     126,803     269,321     256,345     229,141      60,012      37,123      70,507     183,922     554,550

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, June 21, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,680,298      57,090     525,870      55,923      85,925     122,283     223,040     115,837      52,691      31,484      48,718     143,054     218,383
    Less: Notes held by F.R. Banks               171,525       5,863      42,255       7,580      10,034      12,655      27,457      11,011       5,421       2,690       5,542      16,234      24,783
      Federal Reserve notes, net               1,508,773      51,227     483,615      48,343      75,891     109,628     195,582     104,826      47,270      28,794      43,176     126,819     193,600
  Reverse repurchase agreements (11)             446,236       8,694     251,272      11,522      12,940      26,145      26,267      18,768       5,950       3,479       6,329      17,864      57,005
  Deposits                                     2,470,467      28,968   1,730,440      51,207      34,361     124,067      31,608     103,405       6,165       4,142      20,433      38,412     297,259
    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                           2,164,616      28,963   1,480,523      51,204      34,357     123,903      31,600      47,669       6,161       4,142      20,431      38,411     297,252
    U.S. Treasury, General Account               225,126           0     225,126           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    75,560           4      19,654           0           0         155           6      55,735           4           0           1           0           1
  Deferred availability cash items                   433           0           0           0           0           0          52           0           0         381           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   947          11         563          16          16          13          79          34          18          10          17          59         110
  Other liabilities and accrued             
     dividends                                     6,545         197       3,209         234         245         610         400         352         154         145         151         255         594
                                                                                                                                                                                                        
Total liabilities                              4,433,401      89,098   2,469,100     111,321     123,453     260,464     253,989     227,384      59,557      36,952      70,105     183,410     548,568
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,856       1,321       9,848       1,672       2,535       6,696       1,773       1,338         345         129         305         385       4,509
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,474,257      90,852   2,482,150     113,531     126,803     269,321     256,345     229,141      60,012      37,123      70,507     183,922     554,550

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, June 21, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency     
    debt securities, and 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   
                                                                                          Jun 21, 2017  

Federal Reserve notes outstanding                                                            1,680,298  
  Less: Notes held by F.R. Banks not subject to collateralization                              171,525  
    Federal Reserve notes to be collateralized                                               1,508,773  
Collateral held against Federal Reserve notes                                                1,508,773  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,492,536  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,254,154  
  Less: Face value of securities under reverse repurchase agreements                           432,274  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,821,881  

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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