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Release Date: July 06, 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                                                     July 6, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 5, 2017 
Federal Reserve Banks                                      Jul 5, 2017 Jun 28, 2017  Jul 6, 2016              

Reserve Bank credit                                         4,426,957   -    4,108   -    2,810    4,427,958  
  Securities held outright (1)                              4,243,460   -    6,220   +   12,430    4,243,474  
    U.S. Treasury securities                                2,465,082   +       68   +    2,689    2,465,096  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,337,696   -      520   -      861    2,337,609  
      Notes and bonds, inflation-indexed (2)                  108,647   +      521   +    1,978      108,734  
      Inflation compensation (3)                               18,739   +       68   +    1,572       18,753  
    Federal agency debt securities (2)                          8,097            0   -   16,999        8,097  
    Mortgage-backed securities (4)                          1,770,281   -    6,288   +   26,740    1,770,281  
  Unamortized premiums on securities held outright (5)        165,919   -      437   -   14,655      165,787  
  Unamortized discounts on securities held outright (5)       -14,748   -        3   +    1,186      -14,738  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           139   +        6   -       83          130  
    Primary credit                                                 26   -        4   -       62            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               113   +       10   -       21          129  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,709            0   -        3        1,709  
  Float                                                          -627   -      343   -      177         -537  
  Central bank liquidity swaps (8)                              3,070   +    3,035   +       76        3,070  
  Other Federal Reserve assets (9)                             28,035   -      147   -    1,584       29,063  
Foreign currency denominated assets (10)                       20,756   +      127   -      538       20,628  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,963   +       14   +      920       48,963  
                                                                                                              
Total factors supplying reserve funds                       4,512,918   -    3,967   -    2,427    4,513,790  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 5, 2017 
Federal Reserve Banks                                      Jul 5, 2017 Jun 28, 2017  Jul 6, 2016              

Currency in circulation (11)                                 1,562,907   +    7,030   +   96,905    1,565,957 
Reverse repurchase agreements (12)                             564,564   +  116,432   +  174,110      486,738 
  Foreign official and international accounts                  247,763   +    8,368   -   10,239      246,709 
  Others                                                       316,801   +  108,064   +  184,349      240,029 
Treasury cash holdings                                             186   -       12   +      115          180 
Deposits with F.R. Banks, other than reserve balances          261,091   -   41,306   -   96,493      243,917 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               177,006   -   31,359   -  126,291      165,044 
  Foreign official                                               5,165            0   -       60        5,164 
  Other (13)                                                    78,919   -    9,948   +   29,856       73,708 
Other liabilities and capital (14)                              47,831   +      292   +        8       47,349 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,436,578   +   82,435   +  174,643    2,344,140 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,076,340   -   86,402   -  177,070    2,169,650 

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


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



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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jul 5, 2017 
                                                           Jul 5, 2017 Jun 28, 2017  Jul 6, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,316,114   +    8,170   +   86,609    3,317,839 
  Marketable U.S. Treasury securities (1)                    2,993,261   +    7,780   +   76,083    2,994,768 
  Federal agency debt and mortgage-backed securities (2)       260,762   +      238   -    1,158      260,836 
  Other securities (3)                                          62,091   +      152   +   11,684       62,235 
Securities lent to dealers                                      25,065   -       70   -    1,848       23,317 
  Overnight facility (4)                                        25,065   -       70   -    1,848       23,317 
    U.S. Treasury securities                                    25,064   -       70   -    1,827       23,316 
    Federal agency debt securities                                   1   +        1   -       21            1 

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


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 5, 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                                           11           119             0             0             0           ...           130 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,278        44,593       275,577     1,152,801       357,258       633,589     2,465,096 
  Weekly changes                        -   11,607    +    9,669    +   19,508    -   21,573    +    3,413    +      640    +       50 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,340         4,348            62             0         2,347         8,097 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           624        11,416     1,758,240     1,770,281 
  Weekly changes                                 0             0             0    +        4    +      436    -      439    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             3,070             0             0             0             0             0         3,070 
                                                                                                                                       
Reverse repurchase agreements (4)          486,738             0           ...           ...           ...           ...       486,738 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 5, 2017  

Mortgage-backed securities held outright (1)                                                                             1,770,281  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,229  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 5, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,709  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2017. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


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

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 5, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 28, 2017  Jul 6, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,796   -       23   -       45  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,394,652   -      296   -    1,101  
    Securities held outright (1)                                          4,243,474   +       52   +   12,410  
      U.S. Treasury securities                                            2,465,096   +       50   +    2,669  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,337,609   -      607   -      948  
        Notes and bonds, inflation-indexed (2)                              108,734   +      608   +    2,065  
        Inflation compensation (3)                                           18,753   +       50   +    1,551  
      Federal agency debt securities (2)                                      8,097            0   -   16,999  
      Mortgage-backed securities (4)                                      1,770,281   +        1   +   26,740  
    Unamortized premiums on securities held outright  
    (5)                                                                     165,787   -      281   -   14,679  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,738   -        5   +    1,186  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       130   -       62   -       17  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,709            0   -        3  
  Items in process of collection                                   (0)          116   +       23   -      166  
  Bank premises                                                               2,197            0   -       15  
  Central bank liquidity swaps (8)                                            3,070   +    3,035   +       76  
  Foreign currency denominated assets (9)                                    20,628   -      106   -      716  
  Other assets (10)                                                          26,866   +    1,290   -    1,363  
                                                                                                               
Total assets                                                       (0)    4,467,272   +    3,925   -    3,333  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 5, 2017   Wednesday    Wednesday  
                                                        consolidation                Jun 28, 2017  Jul 6, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,518,965   +    6,779   +   98,104 
  Reverse repurchase agreements (11)                                         486,738   -   18,127   +  148,362 
  Deposits                                                          (0)    2,413,566   +   15,430   -  249,716 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,169,650   +   51,542   -  138,632 
    U.S. Treasury, General Account                                           165,044   -   32,553   -  133,000 
    Foreign official                                                           5,164   -        1   -       32 
    Other (12)                                                      (0)       73,708   -    3,558   +   21,948 
  Deferred availability cash items                                  (0)          653   -      183   -       31 
  Other liabilities and accrued dividends (13)                                 6,503   +       22   -      791 
                                                                                                               
Total liabilities                                                   (0)    4,426,426   +    3,922   -    4,071 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,846   +        3   +      738 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,846   +        3   +      738 

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


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

 



6. Statement of Condition of Each Federal Reserve Bank, July 5, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         349       3,592          348         553         776       1,520         737         341         191         292         916       1,422
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,796          43          46          166         126         269         197         276          27          49         110         184         303
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,394,652      85,622   2,474,520      113,465     127,437     257,478     258,682     184,854      58,630      34,321      62,332     175,929     561,384
    Securities held outright (1)               4,243,474      82,679   2,389,465      109,565     123,057     248,628     249,786     178,475      56,586      33,084      60,182     169,879     542,088
      U.S. Treasury securities                 2,465,096      48,029   1,388,076       63,648      71,486     144,431     145,105     103,679      32,872      19,219      34,961      98,685     314,907
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,465,096      48,029   1,388,076       63,648      71,486     144,431     145,105     103,679      32,872      19,219      34,961      98,685     314,907
      Federal agency debt securities (2)           8,097         158       4,559          209         235         474         477         341         108          63         115         324       1,034
      Mortgage-backed securities (4)           1,770,281      34,492     996,831       45,708      51,337     103,722     104,205      74,456      23,606      13,802      25,107      70,870     226,147
    Unamortized premiums on securities held 
      outright (5)                               165,787       3,230      93,353        4,281       4,808       9,714       9,759       6,973       2,211       1,293       2,351       6,637      21,179
    Unamortized discounts on securities     
      held outright (5)                          -14,738        -287      -8,299         -381        -427        -864        -868        -620        -197        -115        -209        -590      -1,883
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            130           0           0            0           0           0           4          26          30          60           7           3           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,709           0       1,709            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     116           0           0            0           0           0         115           0           0           1           0           0           0
  Bank premises                                    2,197         119         441           71         116         200         203         199         111          88         236         220         192
  Central bank liquidity swaps (8)                 3,070         133         983          165         250         663         179         129          34          13          30          39         452
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,628         894       6,608        1,109       1,680       4,457       1,203         863         226          87         200         264       3,037
  Other assets (10)                               26,866         568      14,681          693         789       1,760       1,609       1,135         442         231         448       1,086       3,424
  Interdistrict settlement account                     0  -      536  -  105,018   -    2,959  +    3,331  +   15,937  +    2,054  +   52,004  +    2,659  +    3,336  +    7,783  +    8,107  +   13,302
                                                                                                                                                                                                         
Total assets                                   4,467,272      87,387   2,399,380      113,269     134,520     281,951     266,416     240,621      62,619      38,408      71,584     187,027     584,090

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 5, 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            1,684,201      56,984     530,923      55,830      85,988     122,155     223,067     115,592      52,708      31,434      48,730     142,746     218,046
    Less: Notes held by F.R. Banks               165,236       5,774      43,506       7,111       9,374      11,942      25,607      10,378       5,088       2,646       5,269      15,510      23,030
      Federal Reserve notes, net               1,518,965      51,210     487,416      48,719      76,613     110,213     197,459     105,213      47,620      28,789      43,461     127,236     195,016
  Reverse repurchase agreements (11)             486,738       9,483     274,078      12,567      14,115      28,518      28,651      20,472       6,491       3,795       6,903      19,486      62,179
  Deposits                                     2,413,566      24,759   1,621,597      49,552      40,209     133,823      37,406     112,850       7,883       4,972      20,668      39,517     320,331
    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                           2,169,650      24,753   1,434,640      49,549      40,206     133,689      37,397      56,058       7,879       4,972      20,667      39,515     320,323
    U.S. Treasury, General Account               165,044           0     165,044           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           2           0           0           0           1           6
    Other (12)                                    73,708           4      16,776           0           0         125           7      56,791           3           0           1           1           1
  Deferred availability cash items                   653           0           0           0           0           0         118           0           0         535           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,625          30         894          37          45          77         129          60          38          16          24          77         197
  Other liabilities and accrued             
     dividends                                     4,878         151       2,343         183         188         464         295         278         134         130         126         198         386
                                                                                                                                                                                                        
Total liabilities                              4,426,426      85,633   2,386,329     111,059     131,170     273,095     264,059     238,874      62,166      38,236      71,182     186,514     578,109
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,846       1,321       9,848       1,672       2,535       6,696       1,773       1,329         344         129         305         385       4,509
  Surplus                                         10,000         434       3,202         538         815       2,161         583         419         109          42          97         128       1,473
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,467,272      87,387   2,399,380     113,269     134,520     281,951     266,416     240,621      62,619      38,408      71,584     187,027     584,090

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 5, 2017 (continued)


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


Note on consolidation:


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

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jul 5, 2017  

Federal Reserve notes outstanding                                                            1,684,201  
  Less: Notes held by F.R. Banks not subject to collateralization                              165,236  
    Federal Reserve notes to be collateralized                                               1,518,965  
Collateral held against Federal Reserve notes                                                1,518,965  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,502,729  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,243,474  
  Less: Face value of securities under reverse repurchase agreements                           467,780  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,775,694  

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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