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Release Date: March 02, 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                                                    March 2, 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   Mar 1, 2017 
Federal Reserve Banks                                      Mar 1, 2017 Feb 22, 2017  Mar 2, 2016              

Reserve Bank credit                                         4,426,655   +    2,977   -   12,553    4,419,630  
  Securities held outright (1)                              4,245,956   +    1,954   +    1,653    4,240,003  
    U.S. Treasury securities                                2,463,465   +       12   +    2,307    2,463,488  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,105   -      277   -    4,754    2,340,411  
      Notes and bonds, inflation-indexed (2)                  105,208   +      278   +    5,668      105,901  
      Inflation compensation (3)                               17,153   +       13   +    1,393       17,175  
    Federal agency debt securities (2)                         13,329            0   -   17,989       13,329  
    Mortgage-backed securities (4)                          1,769,161   +    1,941   +   17,334    1,763,186  
  Unamortized premiums on securities held outright (5)        170,720   -      210   -   16,157      170,434  
  Unamortized discounts on securities held outright (5)       -15,027   +       14   +    1,343      -15,052  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            51   +       46   +       17            2  
    Primary credit                                                 49   +       48   +       25            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 2   -        2   -        8            1  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705            0   -       17        1,705  
  Float                                                          -615   -      320   +      101         -374  
  Central bank liquidity swaps (8)                              1,104   +      961   +    1,016        1,132  
  Other Federal Reserve assets (9)                             22,760   +      530   -      510       21,781  
Foreign currency denominated assets (10)                       19,874   +       34   -      295       19,755  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,648   +       14   +      997       48,648  
                                                                                                              
Total factors supplying reserve funds                       4,511,418   +    3,025   -   11,851    4,504,274  

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   Mar 1, 2017 
Federal Reserve Banks                                      Mar 1, 2017 Feb 22, 2017  Mar 2, 2016              

Currency in circulation (11)                                 1,515,454   +    4,320   +   84,704    1,521,561 
Reverse repurchase agreements (12)                             420,286   +   25,616   +  118,250      404,888 
  Foreign official and international accounts                  251,162   +    4,355   +    5,127      248,878 
  Others                                                       169,124   +   21,261   +  113,123      156,010 
Treasury cash holdings                                             253   +       12   +       13          260 
Deposits with F.R. Banks, other than reserve balances          265,722   -   49,709   +    3,381      222,328 
  Term deposits held by depository institutions                 16,625   +   16,625   +   16,625       16,625 
  U.S. Treasury, General Account                               175,496   -   82,796   -   61,711      148,385 
  Foreign official                                               5,170   +        4   -       69        5,164 
  Other (13)                                                    68,432   +   16,459   +   48,537       52,154 
Other liabilities and capital (14)                              48,080   +      184   +    1,687       47,283 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,249,795   -   19,576   +  208,034    2,196,320 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,261,623   +   22,601   -  219,885    2,307,954 

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   Mar 1, 2017 
                                                           Mar 1, 2017 Feb 22, 2017  Mar 2, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,175,780   -    5,660   -   75,257    3,174,221 
  Marketable U.S. Treasury securities (1)                    2,846,066   -    4,087   -   89,802    2,844,566 
  Federal agency debt and mortgage-backed securities (2)       266,671   -    1,626   +      166      266,538 
  Other securities (3)                                          63,043   +       53   +   14,379       63,117 
Securities lent to dealers                                      19,258   -      841   +    3,548       23,234 
  Overnight facility (4)                                        19,258   -      841   +    3,548       23,234 
    U.S. Treasury securities                                    19,207   -      843   +    3,558       23,182 
    Federal agency debt securities                                  51   +        2   -       10           52 

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, March 1, 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                                            1             1             0             0             0           ...             2 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        48,558       195,256     1,216,789       376,104       626,781     2,463,488 
  Weekly changes                        -   13,175             0    +   32,048    -   23,720    +    3,889    +      990    +       32 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,495         4,443         2,044             0         2,347        13,329 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           167        11,093     1,751,926     1,763,186 
  Weekly changes                                 0             0             0    -       35    -      230    -   10,170    -   10,435 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,132             0             0             0             0             0         1,132 
                                                                                                                                       
Reverse repurchase agreements (4)          404,888             0           ...           ...           ...           ...       404,888 
Term deposits                               16,625             0             0           ...           ...           ...        16,625 

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   
                                                                                                                       Mar 1, 2017  

Mortgage-backed securities held outright (1)                                                                             1,763,186  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,088  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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   
                                                                                                                       Mar 1, 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        Mar 1, 2017   Wednesday    Wednesday  
                                                        consolidation                Feb 22, 2017  Mar 2, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,942   -       25   +        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,395,386   -   11,038   -   19,229  
    Securities held outright (1)                                          4,240,003   -   10,403   -    4,296  
      U.S. Treasury securities                                            2,463,488   +       32   +    2,336  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,411   -      971   -    4,107  
        Notes and bonds, inflation-indexed (2)                              105,901   +      971   +    5,021  
        Inflation compensation (3)                                           17,175   +       31   +    1,422  
      Federal agency debt securities (2)                                     13,329            0   -   17,989  
      Mortgage-backed securities (4)                                      1,763,186   -   10,435   +   11,357  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,434   -      612   -   16,309  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,052   -       21   +    1,385  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         2   -        1   -        9  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705            0   -       17  
  Items in process of collection                                   (0)           79   -       48   -      105  
  Bank premises                                                               2,196   -        6   -       29  
  Central bank liquidity swaps (8)                                            1,132   +      989   +    1,044  
  Foreign currency denominated assets (9)                                    19,755   -        6   -      388  
  Other assets (10)                                                          19,585   -      552   -    1,750  
                                                                                                               
Total assets                                                       (0)    4,458,018   -   10,684   -   20,467  

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        Mar 1, 2017   Wednesday    Wednesday  
                                                        consolidation                Feb 22, 2017  Mar 2, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,475,112   +    9,023   +   87,140 
  Reverse repurchase agreements (11)                                         404,888   -   20,641   +  113,463 
  Deposits                                                          (0)    2,530,281   +    1,160   -  222,729 
    Term deposits held by depository institutions                             16,625   +   16,625   +   16,625 
    Other deposits held by depository institutions                         2,307,954   +   64,798   -  188,628 
    U.S. Treasury, General Account                                           148,385   -   79,786   -   81,003 
    Foreign official                                                           5,164   -        1   -       76 
    Other (12)                                                      (0)       52,154   -      474   +   30,354 
  Deferred availability cash items                                  (0)          453   -      296   +       10 
  Other liabilities and accrued dividends (13)                                 6,750   +       66   +      640 
                                                                                                               
Total liabilities                                                   (0)    4,417,484   -   10,687   -   21,476 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,534   +        3   +    1,008 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,534   +        3   +    1,008 

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, March 1, 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                                             1,942          56          74          163         137         306         191         287          30          53         123         201         320
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,395,386     107,974   2,501,268      119,344     131,635     268,618     246,006     175,135      55,473      32,405      61,172     156,453     539,903
    Securities held outright (1)               4,240,003     104,157   2,412,846      115,125     126,981     259,122     237,309     168,942      53,512      31,260      59,010     150,922     520,816
      U.S. Treasury securities                 2,463,488      60,516   1,401,890       66,889      73,777     150,553     137,879      98,157      31,091      18,162      34,285      87,687     302,600
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,488      60,516   1,401,890       66,889      73,777     150,553     137,879      98,157      31,091      18,162      34,285      87,687     302,600
      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)           1,763,186      43,313   1,003,371       47,874      52,804     107,755      98,684      70,254      22,253      12,999      24,539      62,760     216,579
    Unamortized premiums on securities held 
      outright (5)                               170,434       4,187      96,988        4,628       5,104      10,416       9,539       6,791       2,151       1,257       2,372       6,067      20,935
    Unamortized discounts on securities     
      held outright (5)                          -15,052        -370      -8,566         -409        -451        -920        -842        -600        -190        -111        -209        -536      -1,849
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              2           0           0            0           0           0           0           1           0           0           0           0           1
  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                      79           0           0            0           0           0          79           0           0           1           0           0           0
  Bank premises                                    2,196         118         437           71         108         202         205         200         112          89         237         222         195
  Central bank liquidity swaps (8)                 1,132          50         373           62          86         252          63          30          12           5          11          14         172
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,755         873       6,519        1,087       1,505       4,406       1,097         529         203          84         197         250       3,005
  Other assets (10)                               19,585         512      10,565          537         587       1,375       1,114         784         536         161         319         699       2,394
  Interdistrict settlement account                     0  -   11,630  -  131,526   +    3,475  -    1,287  +      655  +   21,029  +   30,716  +    6,295  +    3,993  +    7,544  +   30,900  +   39,836
                                                                                                                                                                                                         
Total assets                                   4,458,018      98,504   2,394,823      125,309     133,594     276,986     271,978     208,858      63,171      37,074      70,054     189,895     587,770

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, March 1, 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            1,653,896      55,059     532,030      53,477      81,954     119,191     225,326     112,897      49,053      29,416      46,676     137,777     211,038
    Less: Notes held by F.R. Banks               178,784       6,176      51,182       6,539       9,731      13,003      24,036      11,664       4,514       3,581       5,691      15,181      27,484
      Federal Reserve notes, net               1,475,112      48,882     480,848      46,938      72,224     106,188     201,290     101,233      44,540      25,835      40,985     122,596     183,554
  Reverse repurchase agreements (11)             404,888       9,946     230,408      10,994      12,126      24,744      22,661      16,133       5,110       2,985       5,635      14,412      49,734
  Deposits                                     2,530,281      37,721   1,667,093      64,963      45,704     136,723      45,184      89,471      12,914       7,567      22,897      52,099     347,946
    Term deposits held by depository        
        institutions                              16,625          50       4,585       4,000         305           0         100       2,235           0           0       2,100         500       2,750
    Other deposits held by depository       
        institutions                           2,307,954      37,659   1,481,570      60,961      45,396     136,530      45,075      62,718      12,898       7,566      20,795      51,599     345,187
    U.S. Treasury, General Account               148,385           0     148,385           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    52,154          11      27,416           0           0         184           7      24,517          15           0           2           0           2
  Deferred availability cash items                   453           0           0           0           0           0          72           0           0         381           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,974          55       1,106          54          58         133         123          77          29          11          24          74         230
  Other liabilities and accrued             
     dividends                                     4,775         146       2,365         179         183         442         292         250         128         125         118         194         355
                                                                                                                                                                                                        
Total liabilities                              4,417,484      96,751   2,381,821     123,127     130,295     268,230     269,622     207,164      62,720      36,903      69,659     189,374     581,818
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,534       1,319       9,800       1,645       2,485       6,595       1,773       1,275         342         129         298         393       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                  4,458,018      98,504   2,394,823     125,309     133,594     276,986     271,978     208,858      63,171      37,074      70,054     189,895     587,770

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, March 1, 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   
                                                                                           Mar 1, 2017  

Federal Reserve notes outstanding                                                            1,653,896  
  Less: Notes held by F.R. Banks not subject to collateralization                              178,784  
    Federal Reserve notes to be collateralized                                               1,475,112  
Collateral held against Federal Reserve notes                                                1,475,112  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,458,875  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,240,003  
  Less: Face value of securities under reverse repurchase agreements                           393,316  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,846,686  

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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