---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 13, 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  Jul 12, 2017 
Federal Reserve Banks                                     Jul 12, 2017  Jul 5, 2017 Jul 13, 2016              

Reserve Bank credit                                         4,426,734   -      223   -    4,882    4,427,438  
  Securities held outright (1)                              4,243,489   +       29   +   12,352    4,243,498  
    U.S. Treasury securities                                2,465,112   +       30   +    2,613    2,465,121  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,609   -       87   -      948    2,337,609  
      Notes and bonds, inflation-indexed (2)                  108,734   +       87   +    2,065      108,734  
      Inflation compensation (3)                               18,769   +       30   +    1,495       18,778  
    Federal agency debt securities (2)                          8,097            0   -   16,999        8,097  
    Mortgage-backed securities (4)                          1,770,281            0   +   26,740    1,770,281  
  Unamortized premiums on securities held outright (5)        165,622   -      297   -   14,641      165,544  
  Unamortized discounts on securities held outright (5)       -14,719   +       29   +    1,186      -14,709  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           154   +       15   -       30          151  
    Primary credit                                                 15   -       11   -       11            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               139   +       26   -       18          151  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        3        1,709  
  Float                                                          -273   +      354   +       19         -450  
  Central bank liquidity swaps (8)                                 56   -    3,014   -    2,343           55  
  Other Federal Reserve assets (9)                             30,695   +    2,660   -    1,422       31,640  
Foreign currency denominated assets (10)                       20,654   -      102   -      591       20,710  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,977   +       14   +      899       48,977  
                                                                                                              
Total factors supplying reserve funds                       4,512,606   -      312   -    4,574    4,513,366  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 12, 2017 
Federal Reserve Banks                                     Jul 12, 2017  Jul 5, 2017 Jul 13, 2016              

Currency in circulation (11)                                 1,564,945   +    2,038   +   99,919    1,564,816 
Reverse repurchase agreements (12)                             428,078   -  136,486   +  112,257      419,896 
  Foreign official and international accounts                  242,320   -    5,443   -    8,954      240,724 
  Others                                                       185,757   -  131,044   +  121,210      179,172 
Treasury cash holdings                                             179   -        7   +      109          170 
Deposits with F.R. Banks, other than reserve balances          251,052   -   10,039   -  126,361      242,361 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               171,033   -    5,973   -  145,031      162,156 
  Foreign official                                               5,165            0   -       31        5,165 
  Other (13)                                                    74,853   -    4,066   +   18,700       75,040 
Other liabilities and capital (14)                              47,583   -      248   -      501       47,172 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,291,836   -  144,742   +   85,422    2,274,415 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,220,769   +  144,429   -   89,997    2,238,951 

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  Jul 12, 2017 
                                                          Jul 12, 2017  Jul 5, 2017 Jul 13, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,322,587   +    6,473   +  100,167    3,320,902 
  Marketable U.S. Treasury securities (1)                    2,999,522   +    6,261   +   93,536    2,997,882 
  Federal agency debt and mortgage-backed securities (2)       260,773   +       11   -       31      260,617 
  Other securities (3)                                          62,291   +      200   +    6,660       62,403 
Securities lent to dealers                                      24,065   -    1,000   -      122       26,137 
  Overnight facility (4)                                        24,065   -    1,000   -      122       26,137 
    U.S. Treasury securities                                    24,065   -      999   -      106       26,137 
    Federal agency debt securities                                   0   -        1   -       16            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 12, 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                                           36           115             0             0             0           ...           151 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,278        44,593       275,578     1,152,805       357,263       633,604     2,465,121 
  Weekly changes                                 0             0    +        1    +        4    +        5    +       15    +       25 
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           624        11,416     1,758,240     1,770,281 
  Weekly changes                                 0             0             0             0             0             0             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                55             0             0             0             0             0            55 
                                                                                                                                       
Reverse repurchase agreements (4)          419,896             0           ...           ...           ...           ...       419,896 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 12, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,281  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           31,885  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 12, 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       Jul 12, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jul 5, 2017 Jul 13, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,805   +        9   -       63  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,394,485   -      167   -    1,235  
    Securities held outright (1)                                          4,243,498   +       24   +   12,320  
      U.S. Treasury securities                                            2,465,121   +       25   +    2,580  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,609            0   -      948  
        Notes and bonds, inflation-indexed (2)                              108,734            0   +    2,065  
        Inflation compensation (3)                                           18,778   +       25   +    1,462  
      Federal agency debt securities (2)                                      8,097            0   -   16,999  
      Mortgage-backed securities (4)                                      1,770,281            0   +   26,740  
    Unamortized premiums on securities held outright  
    (5)                                                                     165,544   -      243   -   14,602  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,709   +       29   +    1,184  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       151   +       21   -      138  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        3  
  Items in process of collection                                   (0)           62   -       54   -      167  
  Bank premises                                                               2,196   -        1   -       16  
  Central bank liquidity swaps (8)                                               55   -    3,015   -    2,165  
  Foreign currency denominated assets (9)                                    20,710   +       82   -      408  
  Other assets (10)                                                          29,444   +    2,578   -    1,442  
                                                                                                               
Total assets                                                       (0)    4,466,702   -      570   -    5,500  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 12, 2017   Wednesday    Wednesday  
                                                        consolidation                 Jul 5, 2017 Jul 13, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,517,809   -    1,156   +   99,214 
  Reverse repurchase agreements (11)                                         419,896   -   66,842   +  120,420 
  Deposits                                                          (0)    2,481,313   +   67,747   -  225,341 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,238,951   +   69,301   -   88,350 
    U.S. Treasury, General Account                                           162,156   -    2,888   -  145,551 
    Foreign official                                                           5,165   +        1   -       31 
    Other (12)                                                      (0)       75,040   +    1,332   +    8,590 
  Deferred availability cash items                                  (0)          513   -      140   -      127 
  Other liabilities and accrued dividends (13)                                 6,325   -      178   -      406 
                                                                                                               
Total liabilities                                                   (0)    4,425,855   -      571   -    6,240 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,847   +        1   +      740 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,847   +        1   +      740 

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, July 12, 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                                             1,805          44          47          168         127         264         201         278          26          49         111         187         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,394,485      85,618   2,474,413      113,460     127,432     257,466     258,671     184,851      58,630      34,332      62,329     175,921     561,361
    Securities held outright (1)               4,243,498      82,679   2,389,479      109,565     123,058     248,629     249,788     178,476      56,586      33,084      60,183     169,880     542,091
      U.S. Treasury securities                 2,465,121      48,030   1,388,089       63,648      71,486     144,433     145,106     103,680      32,872      19,219      34,961      98,686     314,910
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,121      48,030   1,388,089       63,648      71,486     144,433     145,106     103,680      32,872      19,219      34,961      98,686     314,910
      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)           1,770,281      34,492     996,831       45,708      51,337     103,722     104,205      74,456      23,606      13,802      25,107      70,870     226,147
    Unamortized premiums on securities held 
      outright (5)                               165,544       3,225      93,216        4,274       4,801       9,699       9,745       6,963       2,207       1,291       2,348       6,627      21,148
    Unamortized discounts on securities     
      held outright (5)                          -14,709        -287      -8,282         -380        -427        -862        -866        -619        -196        -115        -209        -589      -1,879
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            151           0           0            0           0           0           4          31          33          72           7           3           1
  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                      62           0           0            0           0           0          62           0           0           0           0           0           0
  Bank premises                                    2,196         119         441           72         114         200         203         199         111          88         236         220         192
  Central bank liquidity swaps (8)                    55           2          18            3           4          12           3           2           1           0           1           1           8
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,710         898       6,633        1,113       1,687       4,475       1,208         867         226          87         201         265       3,049
  Other assets (10)                               29,444         623      16,117          759         862       1,911       1,762       1,242         475         249         481       1,214       3,749
  Interdistrict settlement account                     0  -    4,786  -   45,455   -    4,142  +       70  -    3,232  -    2,393  +   48,763  +    1,128  +    2,576  +    7,754  +    3,019  -    3,301
                                                                                                                                                                                                         
Total assets                                   4,466,702      83,062   2,459,333      111,991     131,086     262,284     261,891     237,364      61,088      37,664      71,557     182,025     567,357

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 12, 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            1,686,647      57,013     532,716      55,840      85,962     122,162     223,310     115,710      52,647      31,439      48,682     142,581     218,585
    Less: Notes held by F.R. Banks               168,838       5,857      43,790       7,048       9,639      12,662      25,980      11,064       5,045       2,706       5,402      15,721      23,924
      Federal Reserve notes, net               1,517,809      51,156     488,926      48,792      76,323     109,500     197,330     104,645      47,602      28,733      43,281     126,861     194,662
  Reverse repurchase agreements (11)             419,896       8,181     236,440      10,842      12,177      24,602      24,717      17,660       5,599       3,274       5,955      16,810      53,640
  Deposits                                     2,481,313      21,779   1,717,758      49,927      39,003     118,786      37,026     112,989       7,273       4,886      21,770      37,575     312,540
    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                           2,238,951      21,774   1,532,250      49,925      38,999     118,634      37,056      56,283       7,270       4,886      21,769      37,574     312,533
    U.S. Treasury, General Account               162,156           0     162,156           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)                                    75,040           4      18,214           0           0         144         -32      56,704           3           0           1           1           1
  Deferred availability cash items                   513           0           0           0           0           0          57           0           0         456           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,666          35         918          46          56         106         110          59          23          12          22          73         207
  Other liabilities and accrued             
     dividends                                     4,659         157       2,242         175         179         434         293         263         136         132         127         194         327
                                                                                                                                                                                                        
Total liabilities                              4,425,855      81,308   2,446,283     109,781     127,737     253,427     259,533     235,617      60,634      37,493      71,155     181,512     561,376
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,847       1,321       9,848       1,672       2,535       6,696       1,775       1,329         344         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                  4,466,702      83,062   2,459,333     111,991     131,086     262,284     261,891     237,364      61,088      37,664      71,557     182,025     567,357

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 12, 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   
                                                                                          Jul 12, 2017  

Federal Reserve notes outstanding                                                            1,686,647  
  Less: Notes held by F.R. Banks not subject to collateralization                              168,838  
    Federal Reserve notes to be collateralized                                               1,517,809  
Collateral held against Federal Reserve notes                                                1,517,809  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,501,572  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,498  
  Less: Face value of securities under reverse repurchase agreements                           406,036  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,837,463  

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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