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Release Date: February 23, 2017
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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                                                February 23, 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  Feb 22, 2017 
Federal Reserve Banks                                     Feb 22, 2017 Feb 15, 2017 Feb 24, 2016              

Reserve Bank credit                                         4,423,678   -      815   -   24,004    4,429,989  
  Securities held outright (1)                              4,244,002   +   11,964   -    6,936    4,250,406  
    U.S. Treasury securities                                2,463,453   +       11   +    2,401    2,463,456  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,382            0   -    5,289    2,341,382  
      Notes and bonds, inflation-indexed (2)                  104,930            0   +    6,396      104,930  
      Inflation compensation (3)                               17,140   +       10   +    1,292       17,144  
    Federal agency debt securities (2)                         13,329   -    2,272   -   17,989       13,329  
    Mortgage-backed securities (4)                          1,767,220   +   14,226   +    8,653    1,773,621  
  Unamortized premiums on securities held outright (5)        170,930   -       10   -   16,403      171,046  
  Unamortized discounts on securities held outright (5)       -15,041   -        4   +    1,304      -15,031  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             5   -        6   -       12            3  
    Primary credit                                                  1   -        5   -        5            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 4   -        1   -        7            3  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       16        1,705  
  Float                                                          -295   +       22   -      113         -621  
  Central bank liquidity swaps (8)                                143   -       93   +       54          143  
  Other Federal Reserve assets (9)                             22,230   -   12,687   -    1,881       22,339  
Foreign currency denominated assets (10)                       19,840   +       10   -      570       19,761  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,634   +       14   +      992       48,634  
                                                                                                              
Total factors supplying reserve funds                       4,508,393   -      790   -   23,583    4,514,625  

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  Feb 22, 2017 
Federal Reserve Banks                                     Feb 22, 2017 Feb 15, 2017 Feb 24, 2016              

Currency in circulation (11)                                 1,511,134   +    4,415   +   82,015    1,512,508 
Reverse repurchase agreements (12)                             394,670   +   56,233   +   91,168      425,529 
  Foreign official and international accounts                  246,807   -    6,255   +    1,751      247,696 
  Others                                                       147,863   +   62,488   +   89,417      177,833 
Treasury cash holdings                                             241   +       10   -        3          252 
Deposits with F.R. Banks, other than reserve balances          315,431   -   52,935   -   15,554      285,964 
  Term deposits held by depository institutions                      0            0   -   63,907            0 
  U.S. Treasury, General Account                               258,292   -   51,627   +   20,342      228,171 
  Foreign official                                               5,166   -        8   -       72        5,165 
  Other (13)                                                    51,973   -    1,299   +   28,083       52,628 
Other liabilities and capital (14)                              47,896   -      622   +    1,215       47,215 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,269,371   +    7,100   +  158,840    2,271,469 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,239,022   -    7,890   -  182,423    2,243,156 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Feb 22, 2017 
                                                          Feb 22, 2017 Feb 15, 2017 Feb 24, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,181,440   +   12,322   -   72,811    3,177,006 
  Marketable U.S. Treasury securities (1)                    2,850,153   +    2,683   -   90,895    2,847,355 
  Federal agency debt and mortgage-backed securities (2)       268,297   +    9,087   +    3,561      266,723 
  Other securities (3)                                          62,990   +      552   +   14,522       62,929 
Securities lent to dealers                                      20,099   +    3,170   +    6,807       18,319 
  Overnight facility (4)                                        20,099   +    3,170   +    6,807       18,319 
    U.S. Treasury securities                                    20,050   +    3,169   +    6,836       18,269 
    Federal agency debt securities                                  49   +        1   -       30           50 

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, February 22, 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                                            3             0             0             0             0           ...             3 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  13,175        48,558       163,208     1,240,509       372,215       625,791     2,463,456 
  Weekly changes                                 0             0             0    +        1    +    8,683    -    8,675    +       10 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,495         4,443         2,044             0         2,347        13,329 
  Weekly changes                        -    1,500    +    1,500    -    1,500             0             0             0    -    1,500 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           202        11,323     1,762,096     1,773,621 
  Weekly changes                                 0             0             0    +       70    +       60    +   13,790    +   13,921 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               143             0             0             0             0             0           143 
                                                                                                                                       
Reverse repurchase agreements (4)          425,529             0           ...           ...           ...           ...       425,529 
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   
                                                                                                                      Feb 22, 2017  

Mortgage-backed securities held outright (1)                                                                             1,773,621  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,703  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 22, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,705  
                                                                                                                                    
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 December 31, 2016. Any assets purchased after this  
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Feb 15, 2017 Feb 24, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,967   -        3   -        3  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,406,424   +   12,523   -   18,097  
    Securities held outright (1)                                          4,250,406   +   12,431   -    3,041  
      U.S. Treasury securities                                            2,463,456   +       10   +    2,245  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,341,382            0   -    5,483  
        Notes and bonds, inflation-indexed (2)                              104,930            0   +    6,396  
        Inflation compensation (3)                                           17,144   +       11   +    1,331  
      Federal agency debt securities (2)                                     13,329   -    1,500   -   17,989  
      Mortgage-backed securities (4)                                      1,773,621   +   13,921   +   12,703  
    Unamortized premiums on securities held outright  
    (5)                                                                     171,046   +       74   -   16,341  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,031   +       30   +    1,302  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         3   -       12   -       16  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705            0   -       17  
  Items in process of collection                                   (0)          127   +       21   -       14  
  Bank premises                                                               2,202   +        3   -       27  
  Central bank liquidity swaps (8)                                              143   -       93   +       54  
  Foreign currency denominated assets (9)                                    19,761   +        5   -      675  
  Other assets (10)                                                          20,137   +    1,571   -    2,314  
                                                                                                               
Total assets                                                       (0)    4,468,702   +   14,026   -   21,094  

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       Feb 22, 2017   Wednesday    Wednesday  
                                                        consolidation                Feb 15, 2017 Feb 24, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,466,089   +    3,660   +   81,006 
  Reverse repurchase agreements (11)                                         425,529   +   61,620   +  138,853 
  Deposits                                                          (0)    2,529,121   -   51,900   -  242,390 
    Term deposits held by depository institutions                                  0            0   -   63,907 
    Other deposits held by depository institutions                         2,243,156   -   11,115   -  182,891 
    U.S. Treasury, General Account                                           228,171   -   46,007   +   11,309 
    Foreign official                                                           5,165   -       17   -       73 
    Other (12)                                                      (0)       52,628   +    5,237   -    6,829 
  Deferred availability cash items                                  (0)          749   +      302   +       77 
  Other liabilities and accrued dividends (13)                                 6,684   +      319   +      363 
                                                                                                               
Total liabilities                                                   (0)    4,428,171   +   14,000   -   22,092 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,531   +       26   +      999 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,531   +       26   +      999 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit
    accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as
    fiscal agents of the United States.                                                                 
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, February 22, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,967          57          77          165         138         307         200         291          33          54         122         203         322
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,406,424     108,245   2,507,549      119,644     131,965     269,293     246,624     175,576      55,613      32,487      61,326     156,845     541,258
    Securities held outright (1)               4,250,406     104,412   2,418,766      115,408     127,293     259,758     237,892     169,357      53,644      31,336      59,155     151,292     522,094
      U.S. Treasury securities                 2,463,456      60,515   1,401,872       66,888      73,776     150,551     137,878      98,156      31,091      18,162      34,285      87,686     302,596
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,456      60,515   1,401,872       66,888      73,776     150,551     137,878      98,156      31,091      18,162      34,285      87,686     302,596
      Federal agency debt securities (2)          13,329         327       7,585          362         399         815         746         531         168          98         186         474       1,637
      Mortgage-backed securities (4)           1,773,621      43,569   1,009,310       48,158      53,117     108,393      99,268      70,670      22,385      13,076      24,684      63,132     217,861
    Unamortized premiums on securities held 
      outright (5)                               171,046       4,202      97,337        4,644       5,123      10,453       9,573       6,815       2,159       1,261       2,381       6,088      21,010
    Unamortized discounts on securities     
      held outright (5)                          -15,031        -369      -8,554         -408        -450        -919        -841        -599        -190        -111        -209        -535      -1,846
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              3           0           0            0           0           0           0           3           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,705           0       1,705            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     127           0           0            0           0           0         127           0           0           1           0           0           0
  Bank premises                                    2,202         119         438           72         108         203         205         201         113          89         238         222         196
  Central bank liquidity swaps (8)                   143           6          47            8          11          32           8           4           1           1           1           2          22
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,761         873       6,520        1,087       1,505       4,407       1,097         530         203          85         197         251       3,006
  Other assets (10)                               20,137         525      10,836          550         599       1,401       1,136         800         523         164         323         824       2,456
  Interdistrict settlement account                     0  -   24,644  -   23,250   -    1,363  -    9,446  -   23,053  +   13,526  +   21,701  +    5,319  +    3,250  +    5,628  +   21,169  +   11,163
                                                                                                                                                                                                         
Total assets                                   4,468,702      85,731   2,509,328      120,732     125,701     253,761     265,118     200,279      62,315      36,413      68,285     180,673     560,367

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, February 22, 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            1,652,063      54,915     532,525      53,055      81,821     118,920     225,259     112,040      49,091      29,241      46,340     137,614     211,241
    Less: Notes held by F.R. Banks               185,974       6,189      51,405       6,746       9,830      13,919      25,672      12,475       5,147       3,526       5,884      16,540      28,642
      Federal Reserve notes, net               1,466,089      48,727     481,120      46,309      71,990     105,001     199,588      99,565      43,945      25,715      40,456     121,074     182,599
  Reverse repurchase agreements (11)             425,529      10,453     242,155      11,554      12,744      26,006      23,817      16,955       5,371       3,137       5,922      15,147      52,269
  Deposits                                     2,529,121      24,579   1,769,725      60,449      37,426     113,418      38,820      81,723      12,388       6,599      21,358      43,658     318,979
    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                           2,243,156      24,571   1,506,095      60,447      37,423     113,219      38,811      59,639      12,369       6,599      21,357      43,657     318,970
    U.S. Treasury, General Account               228,171           0     228,171           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,139           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    52,628           6      30,320           0           0         190           7      22,083          18           0           1           0           2
  Deferred availability cash items                   749           0           0           0           0           0         103           0           0         646           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,769          51         973          47          54         104         113          75          28          15          30          69         211
  Other liabilities and accrued             
     dividends                                     4,915         167       2,353         191         188         478         321         268         133         129         123         206         357
                                                                                                                                                                                                        
Total liabilities                              4,428,171      83,977   2,496,325     118,549     122,402     245,006     262,761     198,585      61,864      36,242      67,890     180,153     554,416
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,531       1,320       9,800       1,645       2,485       6,593       1,773       1,275         341         129         298         392       4,479
  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                  4,468,702      85,731   2,509,328     120,732     125,701     253,761     265,118     200,279      62,315      36,413      68,285     180,673     560,367

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, February 22, 2017 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain         
    deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                   
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Feb 22, 2017  

Federal Reserve notes outstanding                                                            1,652,063  
  Less: Notes held by F.R. Banks not subject to collateralization                              185,974  
    Federal Reserve notes to be collateralized                                               1,466,089  
Collateral held against Federal Reserve notes                                                1,466,089  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,449,852  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,250,406  
  Less: Face value of securities under reverse repurchase agreements                           407,548  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,842,859  

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.                                                                                                 




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