Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 09, 2017
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 February 9, 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 8, 2017 
Federal Reserve Banks                                      Feb 8, 2017  Feb 1, 2017 Feb 10, 2016              

Reserve Bank credit                                         4,416,724   +    1,635   -   29,756    4,417,599  
  Securities held outright (1)                              4,224,252   +       15   -   12,455    4,224,258  
    U.S. Treasury securities                                2,463,432   -        4   +    2,223    2,463,436  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,341,382   -      589   -    5,257    2,341,382  
      Notes and bonds, inflation-indexed (2)                  104,930   +      588   +    6,396      104,930  
      Inflation compensation (3)                               17,120   -        3   +    1,083       17,124  
    Federal agency debt securities (2)                         16,180            0   -   15,138       16,180  
    Mortgage-backed securities (4)                          1,744,640   +       19   +      460    1,744,642  
  Unamortized premiums on securities held outright (5)        171,019   -      295   -   16,427      170,931  
  Unamortized discounts on securities held outright (5)       -15,051   +        9   +    1,341      -15,040  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            17            0   -        5           11  
    Primary credit                                                 14            0   +        2            7  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 3            0   -        6            4  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705   -        2   -       17        1,705  
  Float                                                          -281   +      340   -      194         -302  
  Central bank liquidity swaps (8)                                265   -      127   +      174          265  
  Other Federal Reserve assets (9)                             34,797   +    1,693   -    2,174       35,772  
Foreign currency denominated assets (10)                       20,083   +      208   -      191       20,056  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,618   +       14   +      993       48,618  
                                                                                                              
Total factors supplying reserve funds                       4,501,666   +    1,857   -   28,955    4,502,514  

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 8, 2017 
Federal Reserve Banks                                      Feb 8, 2017  Feb 1, 2017 Feb 10, 2016              

Currency in circulation (11)                                 1,502,291   +    3,901   +   85,526    1,505,331 
Reverse repurchase agreements (12)                             375,102   +    3,385   +   90,179      374,350 
  Foreign official and international accounts                  254,609   +    2,377   +   18,227      251,416 
  Others                                                       120,494   +    1,009   +   71,953      122,934 
Treasury cash holdings                                             232   +       13   -       16          230 
Deposits with F.R. Banks, other than reserve balances          355,815   -   71,708   +   16,143      337,624 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               305,735   -   69,106   -   11,568      287,035 
  Foreign official                                               5,166   -       23   -      103        5,165 
  Other (13)                                                    44,913   -    2,579   +   27,813       45,424 
Other liabilities and capital (14)                              47,505   +      670   +      319       47,519 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,280,945   -   63,738   +  192,150    2,265,054 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,220,721   +   65,595   -  221,105    2,237,460 

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 8, 2017 
                                                           Feb 8, 2017  Feb 1, 2017 Feb 10, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,169,097   +    3,790   -   98,104    3,166,181 
  Marketable U.S. Treasury securities (1)                    2,851,014   +    3,543   -  104,384    2,847,922 
  Federal agency debt and mortgage-backed securities (2)       255,777   -      258   -    7,922      255,890 
  Other securities (3)                                          62,306   +      505   +   14,203       62,369 
Securities lent to dealers                                      15,777   +      474   +    3,004       11,655 
  Overnight facility (4)                                        15,777   +      474   +    3,004       11,655 
    U.S. Treasury securities                                    15,729   +      481   +    3,002       11,605 
    Federal agency debt securities                                  48   -        7   +        2           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 8, 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                                            7             4             0             0             0           ...            11 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,159        41,249       167,127     1,210,167       407,661       630,073     2,463,436 
  Weekly changes                                 0             0             0    +        1    +        2    +        6    +       10 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,851         1,500         7,438         2,044             0         2,347        16,180 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           134        11,297     1,733,211     1,744,642 
  Weekly changes                                 0             0             0    +       14    +      684    -      692    +        6 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               265             0             0             0             0             0           265 
                                                                                                                                       
Reverse repurchase agreements (4)          374,350             0           ...           ...           ...           ...       374,350 
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 8, 2017  

Mortgage-backed securities held outright (1)                                                                             1,744,642  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           48,999  
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 8, 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 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Feb 1, 2017 Feb 10, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,961   +       10   -       45  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,380,159   -      226   -   27,463  
    Securities held outright (1)                                          4,224,258   +       16   -   12,414  
      U.S. Treasury securities                                            2,463,436   +       10   +    2,262  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,341,382            0   -    5,257  
        Notes and bonds, inflation-indexed (2)                              104,930            0   +    6,396  
        Inflation compensation (3)                                           17,124   +       10   +    1,122  
      Federal agency debt securities (2)                                     16,180            0   -   15,138  
      Mortgage-backed securities (4)                                      1,744,642   +        6   +      462  
    Unamortized premiums on securities held outright  
    (5)                                                                     170,931   -      272   -   16,388  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,040   +       30   +    1,340  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        11   +        1            0  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705            0   -       17  
  Items in process of collection                                   (0)           81   -        1   -       91  
  Bank premises                                                               2,199   +        2   -       32  
  Central bank liquidity swaps (8)                                              265   -      127   +      174  
  Foreign currency denominated assets (9)                                    20,056   +       60   -      402  
  Other assets (10)                                                          33,573   +    2,638   -    2,168  
                                                                                                               
Total assets                                                       (0)    4,456,236   +    2,355   -   30,042  

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 8, 2017   Wednesday    Wednesday  
                                                        consolidation                 Feb 1, 2017 Feb 10, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,458,900   +    5,178   +   84,974 
  Reverse repurchase agreements (11)                                         374,350   -   17,429   +   91,978 
  Deposits                                                          (0)    2,575,085   +   13,780   -  207,960 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,237,460   +   65,367   -  245,680 
    U.S. Treasury, General Account                                           287,035   -   52,194   +   10,874 
    Foreign official                                                           5,165   -      170   -       72 
    Other (12)                                                      (0)       45,424   +      776   +   26,917 
  Deferred availability cash items                                  (0)          384   -        9   -       74 
  Other liabilities and accrued dividends (13)                                 7,016   +      790   +       51 
                                                                                                               
Total liabilities                                                   (0)    4,415,734   +    2,308   -   31,032 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,503   +       48   +      991 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,503   +       48   +      991 

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 8, 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                                             1,961          54          75          164         138         310         203         292          33          54         121         201         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,380,159     107,600   2,492,598      118,931     131,178     267,687     245,156     174,530      55,281      32,293      60,961     155,913     538,031
    Securities held outright (1)               4,224,258     103,770   2,403,886      114,698     126,509     258,160     236,428     168,315      53,314      31,144      58,791     150,361     518,882
      U.S. Treasury securities                 2,463,436      60,515   1,401,860       66,888      73,776     150,550     137,877      98,155      31,091      18,162      34,285      87,685     302,593
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,436      60,515   1,401,860       66,888      73,776     150,550     137,877      98,155      31,091      18,162      34,285      87,685     302,593
      Federal agency debt securities (2)          16,180         397       9,208          439         485         989         906         645         204         119         225         576       1,987
      Mortgage-backed securities (4)           1,744,642      42,858     992,818       47,371      52,249     106,622      97,646      69,515      22,019      12,862      24,281      62,100     214,301
    Unamortized premiums on securities held 
      outright (5)                               170,931       4,199      97,271        4,641       5,119      10,446       9,567       6,811       2,157       1,260       2,379       6,084      20,996
    Unamortized discounts on securities     
      held outright (5)                          -15,040        -369      -8,559         -408        -450        -919        -842        -599        -190        -111        -209        -535      -1,847
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             11           0           0            0           0           0           3           4           0           0           1           3           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                      81           0           0            0           0           0          80           0           0           0           0           0           0
  Bank premises                                    2,199         118         436           72         108         202         206         200         113          89         238         222         195
  Central bank liquidity swaps (8)                   265          12          87           15          20          59          15           7           3           1           3           3          40
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,056         886       6,619        1,103       1,528       4,473       1,113         538         206          86         200         254       3,051
  Other assets (10)                               33,573         865      18,614          920       1,014       2,228       1,906       1,345         524         271         527       1,239       4,119
  Interdistrict settlement account                     0  -   24,400  +    9,216   -    3,986  -    7,535  -   15,799  +   11,956  +   10,655  +    5,077  +    2,170  +    4,009  +   19,238  -   10,601
                                                                                                                                                                                                         
Total assets                                   4,456,236      85,686   2,534,756      117,788     127,273     260,333     262,832     188,744      61,746      35,247      66,508     178,228     537,097

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 8, 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            1,648,280      54,587     533,837      52,440      81,298     119,049     224,720     110,777      49,234      28,792      46,304     136,758     210,484
    Less: Notes held by F.R. Banks               189,380       6,270      50,571       7,002       9,719      14,436      27,550      12,715       5,470       3,303       6,000      17,098      29,248
      Federal Reserve notes, net               1,458,900      48,318     483,266      45,438      71,579     104,613     197,170      98,063      43,764      25,489      40,304     119,660     181,236
  Reverse repurchase agreements (11)             374,350       9,196     213,030      10,164      11,211      22,878      20,952      14,916       4,725       2,760       5,210      13,325      45,983
  Deposits                                     2,575,085      26,218   1,821,680      59,779      40,948     123,534      41,866      73,748      12,655       6,382      20,456      44,461     303,359
    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                           2,237,460      26,209   1,499,615      59,777      40,945     123,482      41,857      58,297      12,635       6,382      20,455      44,458     303,350
    U.S. Treasury, General Account               287,035           0     287,035           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)                                    45,424           7      29,891           0           0          43           7      15,450          20           0           1           3           2
  Deferred availability cash items                   384           0           0           0           0           0          77           0           0         306           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,857          42       1,074          49          59         101         105          78          20          12          24          65         228
  Other liabilities and accrued             
     dividends                                     5,159         159       2,714         181         182         458         307         246         134         128         119         199         333
                                                                                                                                                                                                        
Total liabilities                              4,415,734      83,933   2,521,764     115,611     123,980     251,583     260,477     187,050      61,298      35,076      66,113     177,710     531,139
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,503       1,320       9,790       1,639       2,479       6,589       1,771       1,275         338         129         298         390       4,486
  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                  4,456,236      85,686   2,534,756     117,788     127,273     260,333     262,832     188,744      61,746      35,247      66,508     178,228     537,097

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 8, 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 8, 2017  

Federal Reserve notes outstanding                                                            1,648,280  
  Less: Notes held by F.R. Banks not subject to collateralization                              189,380  
    Federal Reserve notes to be collateralized                                               1,458,900  
Collateral held against Federal Reserve notes                                                1,458,900  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,442,663  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,224,258  
  Less: Face value of securities under reverse repurchase agreements                           361,583  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,862,675  

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.                                                                                                 




Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases