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Release Date: January 19, 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                                                 January 19, 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  Jan 18, 2017 
Federal Reserve Banks                                     Jan 18, 2017 Jan 11, 2017 Jan 20, 2016              

Reserve Bank credit                                         4,413,275   -      368   -   42,939    4,421,934  
  Securities held outright (1)                              4,221,087   -       48   -   27,100    4,230,625  
    U.S. Treasury securities                                2,463,517   -       47   +    2,105    2,463,504  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,990   +      887   -    6,649    2,342,206  
      Notes and bonds, inflation-indexed (2)                  105,956   -      741   +    7,422      104,106  
      Inflation compensation (3)                               17,571   -      193   +    1,331       17,192  
    Federal agency debt securities (2)                         16,180            0   -   16,299       16,180  
    Mortgage-backed securities (4)                          1,741,390   -        2   -   12,905    1,750,940  
  Unamortized premiums on securities held outright (5)        172,269   -      339   -   16,575      172,216  
  Unamortized discounts on securities held outright (5)       -15,050   +       14   +    1,438      -15,102  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            12   +        7   -       73           48  
    Primary credit                                                 11   +        8   -       59           46  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 1   -        1   -       13            2  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,705   -        1   -       12        1,705  
  Float                                                          -465   -       97   -      336         -654  
  Central bank liquidity swaps (8)                                615   -    2,116   +      490          615  
  Other Federal Reserve assets (9)                             33,102   +    2,213   -      771       32,481  
Foreign currency denominated assets (10)                       19,800   +      232   -      133       19,907  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,576   +       14   +      983       48,576  
                                                                                                              
Total factors supplying reserve funds                       4,497,892   -      122   -   42,088    4,506,657  

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  Jan 18, 2017 
Federal Reserve Banks                                     Jan 18, 2017 Jan 11, 2017 Jan 20, 2016              

Currency in circulation (11)                                 1,503,205   -    2,226   +   88,385    1,503,245 
Reverse repurchase agreements (12)                             356,772   -   98,080   +   48,146      382,877 
  Foreign official and international accounts                  253,781   -    2,135   +   36,213      252,759 
  Others                                                       102,991   -   95,945   +   11,933      130,118 
Treasury cash holdings                                             184   +        7   -       96          202 
Deposits with F.R. Banks, other than reserve balances          440,568   +   18,351   +  126,379      452,810 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               366,090   -    6,402   +   80,772      396,916 
  Foreign official                                               5,166   -       39   -      122        5,165 
  Other (13)                                                    69,312   +   24,792   +   45,728       50,728 
Other liabilities and capital (14)                              48,970   +    1,810   +    1,674       48,705 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,349,698   -   80,138   +  264,487    2,387,839 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,148,195   +   80,017   -  306,574    2,118,818 

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  Jan 18, 2017 
                                                          Jan 18, 2017 Jan 11, 2017 Jan 20, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,169,834   -   11,917   -   96,170    3,169,030 
  Marketable U.S. Treasury securities (1)                    2,850,339   -   11,338   -  101,369    2,851,859 
  Federal agency debt and mortgage-backed securities (2)       260,156   -      564   -    6,848      257,572 
  Other securities (3)                                          59,339   -       15   +   12,047       59,599 
Securities lent to dealers                                      19,106   +    2,027   +    6,760       17,888 
  Overnight facility (4)                                        19,106   +    2,027   +    6,760       17,888 
    U.S. Treasury securities                                    19,057   +    2,026   +    6,785       17,839 
    Federal agency debt securities                                  49   +        1   -       25           49 

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, January 18, 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                                           48             0             0             0             0           ...            48 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   7,356        34,350       153,341     1,233,270       405,075       630,113     2,463,504 
  Weekly changes                        +    4,253    -    6,899    +    2,576    +      955    +    2,087    -    3,014    -       44 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         4,351         7,438         2,044             0         2,347        16,180 
  Weekly changes                                 0    +    1,500    -    1,500             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            83        10,857     1,740,000     1,750,940 
  Weekly changes                                 0             0             0    -        1    -       38    +    9,582    +    9,542 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               615             0             0             0             0             0           615 
                                                                                                                                       
Reverse repurchase agreements (4)          382,877             0           ...           ...           ...           ...       382,877 
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   
                                                                                                                      Jan 18, 2017  

Mortgage-backed securities held outright (1)                                                                             1,750,940  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           40,514  
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   
                                                                                                                      Jan 18, 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 September 30, 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       Jan 18, 2017   Wednesday    Wednesday  
                                                        consolidation                Jan 11, 2017 Jan 20, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,911   +       21   -       39  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,387,787   +    9,191   -   27,289  
    Securities held outright (1)                                          4,230,625   +    9,500   -   12,364  
      U.S. Treasury securities                                            2,463,504   -       44   +    2,108  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,206   +    3,103   -    4,433  
        Notes and bonds, inflation-indexed (2)                              104,106   -    2,591   +    5,572  
        Inflation compensation (3)                                           17,192   -      556   +      969  
      Federal agency debt securities (2)                                     16,180            0   -   15,138  
      Mortgage-backed securities (4)                                      1,750,940   +    9,542   +      665  
    Unamortized premiums on securities held outright  
    (5)                                                                     172,216   -      304   -   16,329  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,102   -       48   +    1,375  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        48   +       43   +       28  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,705   +        1   -       12  
  Items in process of collection                                   (0)          115   +       17   -      112  
  Bank premises                                                               2,204   +        1   -       33  
  Central bank liquidity swaps (8)                                              615   -    2,011   +      490  
  Foreign currency denominated assets (9)                                    19,907   +      402   -       42  
  Other assets (10)                                                          30,277   +      626   -    1,045  
                                                                                                               
Total assets                                                       (0)    4,460,758   +    8,249   -   28,082  

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       Jan 18, 2017   Wednesday    Wednesday  
                                                        consolidation                Jan 11, 2017 Jan 20, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,456,778   -      823   +   87,727 
  Reverse repurchase agreements (11)                                         382,877   -   32,048   +   59,903 
  Deposits                                                          (0)    2,571,628   +   39,557   -  178,823 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,118,818   +    7,891   -  293,260 
    U.S. Treasury, General Account                                           396,916   +   27,906   +   78,167 
    Foreign official                                                           5,165   -        1   -       66 
    Other (12)                                                      (0)       50,728   +    3,760   +   36,335 
  Deferred availability cash items                                  (0)          769   +       83   +      346 
  Other liabilities and accrued dividends (13)                                 8,260   +    1,480   +    1,822 
                                                                                                               
Total liabilities                                                   (0)    4,420,312   +    8,249   -   29,024 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,446   -        1   +      942 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,446   -        1   +      942 

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, January 18, 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                                             1,911          53          74          161         135         310         193         285          31          53         114         193         308
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,387,787     107,786   2,496,918      119,137     131,405     268,151     245,584     174,869      55,377      32,350      61,067     156,180     538,963
    Securities held outright (1)               4,230,625     103,926   2,407,509      114,871     126,700     258,549     236,785     168,569      53,394      31,191      58,879     150,588     519,664
      U.S. Treasury securities                 2,463,504      60,517   1,401,899       66,890      73,778     150,554     137,880      98,158      31,091      18,162      34,286      87,688     302,602
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,504      60,517   1,401,899       66,890      73,778     150,554     137,880      98,158      31,091      18,162      34,286      87,688     302,602
      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)           1,750,940      43,012     996,402       47,542      52,438     107,006      97,999      69,766      22,098      12,909      24,369      62,324     215,075
    Unamortized premiums on securities held 
      outright (5)                               172,216       4,231      98,002        4,676       5,158      10,525       9,639       6,862       2,174       1,270       2,397       6,130      21,154
    Unamortized discounts on securities     
      held outright (5)                          -15,102        -371      -8,594         -410        -452        -923        -845        -602        -191        -111        -210        -538      -1,855
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             48           0           0            0           0           0           6          40           0           1           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,705           0       1,705            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     115           0           0            0           0           0         115           0           0           0           0           0           0
  Bank premises                                    2,204         118         437           72         107         203         206         201         113          89         239         223         196
  Central bank liquidity swaps (8)                   615          27         203           34          47         137          34          16           6           3           6           8          94
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,907         880       6,570        1,095       1,516       4,439       1,105         533         204          85         199         252       3,028
  Other assets (10)                               30,277         786      16,758          827         914       2,025       1,708       1,211         464         243         479       1,138       3,724
  Interdistrict settlement account                     0  -   17,989  +   42,125   -    9,113  -   14,467  -   29,315  +    9,162  +    8,537  +    1,489  +    1,717  +    2,323  +   16,620  -   11,088
                                                                                                                                                                                                         
Total assets                                   4,460,758      92,211   2,570,194      112,782     120,481     247,122     260,302     186,830      58,195      34,823      64,875     175,772     537,170

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, January 18, 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            1,641,314      53,600     534,552      51,715      80,781     118,319     224,699     108,727      49,268      28,199      45,435     136,275     209,744
    Less: Notes held by F.R. Banks               184,536       6,024      47,444       6,655       9,481      14,636      26,900      12,491       5,558       3,244       6,025      17,504      28,572
      Federal Reserve notes, net               1,456,778      47,575     487,108      45,061      71,300     103,683     197,798      96,236      43,710      24,955      39,410     118,771     181,172
  Reverse repurchase agreements (11)             382,877       9,405     217,883      10,396      11,467      23,399      21,429      15,256       4,832       2,823       5,329      13,628      47,030
  Deposits                                     2,571,628      33,236   1,847,753      54,869      34,182     110,525      38,026      73,430       9,049       6,197      19,584      42,547     302,232
    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                           2,118,818      33,229   1,411,005      54,866      34,178     110,402      38,017      57,546       9,027       6,196      19,583      42,545     302,224
    U.S. Treasury, General Account               396,916           0     396,916           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,165           2       5,138           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    50,728           5      34,694           0           0         114           7      15,883          22           0           1           1           2
  Deferred availability cash items                   769           0           0           0           0           0         239           0           0         530           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,962          58       1,020          64          80         182         121          64          26          12          25          63         248
  Other liabilities and accrued             
     dividends                                     6,298         175       3,384         206         212         519         360         302         143         136         132         246         483
                                                                                                                                                                                                        
Total liabilities                              4,420,312      90,449   2,557,148     110,595     117,240     238,307     257,973     185,288      57,760      34,652      64,479     175,256     531,165
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,446       1,320       9,748       1,637       2,479       6,585       1,774       1,274         333         129         296         389       4,483
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,460,758      92,211   2,570,194     112,782     120,481     247,122     260,302     186,830      58,195      34,823      64,875     175,772     537,170

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, January 18, 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   
                                                                                          Jan 18, 2017  

Federal Reserve notes outstanding                                                            1,641,314  
  Less: Notes held by F.R. Banks not subject to collateralization                              184,536  
    Federal Reserve notes to be collateralized                                               1,456,778  
Collateral held against Federal Reserve notes                                                1,456,778  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,440,541  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,625  
  Less: Face value of securities under reverse repurchase agreements                           369,555  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,861,069  

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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