Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: December 17, 2015
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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                                                December 17, 2015


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  Dec 16, 2015 
Federal Reserve Banks                                     Dec 16, 2015  Dec 9, 2015 Dec 17, 2014              

Reserve Bank credit                                         4,454,480   +   12,855   -    9,381    4,451,506  
  Securities held outright (1)                              4,250,200   +   10,871   +    6,397    4,247,678  
    U.S. Treasury securities                                2,461,582   -       12   +       63    2,461,578  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       74    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,409   -       12   +       72       16,405  
    Federal agency debt securities (2)                         32,944            0   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,755,674   +   10,883   +   12,067    1,753,157  
  Unamortized premiums on securities held outright (5)        190,633   +        6   -   17,172      190,418  
  Unamortized discounts on securities held outright (5)       -16,655   +       31   +    1,822      -16,641  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            71   -        5   -       24           74  
    Primary credit                                                  6   +        4   -        2           10  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                65   -        9   -       23           64  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,715   -        1   +       34        1,716  
  Float                                                           -43   -      327   +      491          -33  
  Central bank liquidity swaps (8)                                138   +        2   +      136          138  
  Other Federal Reserve assets (9)                             28,421   +    2,277   -    1,064       28,157  
Foreign currency denominated assets (10)                       19,702   +      198   -    1,790       19,617  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,481   +       14   +    1,193       47,481  
                                                                                                              
Total factors supplying reserve funds                       4,537,904   +   13,067   -    9,978    4,534,846  

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  Dec 16, 2015 
Federal Reserve Banks                                     Dec 16, 2015  Dec 9, 2015 Dec 17, 2014              

Currency in circulation (11)                                 1,412,564   +    1,855   +   89,799    1,414,321 
Reverse repurchase agreements (12)                             295,102   +   30,202   +   59,808      306,718 
  Foreign official and international accounts                  203,894   +   13,884   +  106,627      204,714 
  Others                                                        91,208   +   16,318   -   46,819      102,004 
Treasury cash holdings                                             246   -        5   +       59          250 
Deposits with F.R. Banks, other than reserve balances          226,553   -   31,304   +   89,139      287,438 
  Term deposits held by depository institutions                      0   -   43,832            0            0 
  U.S. Treasury, General Account                               196,343   +    9,719   +   81,567      266,187 
  Foreign official                                               5,321   +       64   +      114        5,231 
  Other (13)                                                    24,889   +    2,744   +    7,458       16,020 
Other liabilities and capital (14)                              67,877   +      626   +    2,562       66,065 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,002,342   +    1,375   +  241,367    2,074,793 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,535,562   +   11,692   -  251,345    2,460,053 

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.                        
14. Includes the liability for interest on Federal Reserve notes due to 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  Dec 16, 2015 
                                                          Dec 16, 2015  Dec 9, 2015 Dec 17, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,310,245   -    7,688   -   17,913    3,304,844 
  Marketable U.S. Treasury securities (1)                    2,991,484   -    8,296   +    4,824    2,987,062 
  Federal agency debt and mortgage-backed securities (2)       272,413   +      399   -   27,210      271,358 
  Other securities (3)                                          46,348   +      209   +    4,473       46,423 
Securities lent to dealers                                      14,078   +    1,102   +    2,740       14,606 
  Overnight facility (4)                                        14,078   +    1,102   +    2,740       14,606 
    U.S. Treasury securities                                    13,941   +    1,095   +    3,252       14,473 
    Federal agency debt securities                                 137   +        6   -      512          133 

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, December 16, 2015   

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                                           24            50             0             0             0           ...            74 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        38,619       165,795     1,124,295       494,990       637,878     2,461,578 
  Weekly changes                                 0             0             0    -        2    -        2    -        8    -       11 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         3,687        11,808        15,102             0         2,347        32,944 
  Weekly changes                                 0    +    2,061    -    1,017    -    1,044             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           481         9,187     1,743,489     1,753,157 
  Weekly changes                                 0             0             0             0    +       50    +    8,310    +    8,361 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               138             0             0             0             0             0           138 
                                                                                                                                       
Reverse repurchase agreements (4)          306,718             0           ...           ...           ...           ...       306,718 
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   
                                                                                                                      Dec 16, 2015  

Mortgage-backed securities held outright (1)                                                                             1,753,157  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,621  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 16, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,716  
                                                                                                                                    
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, 2015. 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       Dec 16, 2015   Wednesday    Wednesday  
                                                        consolidation                 Dec 9, 2015 Dec 17, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,900   +       13   +       24  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,421,529   +    8,276   -    9,860  
    Securities held outright (1)                                          4,247,678   +    8,348   +    5,549  
      U.S. Treasury securities                                            2,461,578   -       11   +       83  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,405   -       11   +       91  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,753,157   +    8,361   +   11,200  
    Unamortized premiums on securities held outright  
    (5)                                                                     190,418   -      100   -   17,214  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,641   +       34   +    1,822  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        74   -        7   -       16  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,716   +        1   +       38  
  Items in process of collection                                   (0)          299   -       67   +      198  
  Bank premises                                                               2,232   +        3   -       32  
  Central bank liquidity swaps (8)                                              138   +        2   +      136  
  Foreign currency denominated assets (9)                                    19,617   -       52   -    1,846  
  Other assets (10)                                                          25,925   +      983   -    1,312  
                                                                                                               
Total assets                                                       (0)    4,489,593   +    9,157   -   12,654  

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       Dec 16, 2015   Wednesday    Wednesday  
                                                        consolidation                 Dec 9, 2015 Dec 17, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,368,985   +    1,643   +   86,423 
  Reverse repurchase agreements (11)                                         306,718   +   22,888   +   76,702 
  Deposits                                                          (0)    2,747,491   -   14,739   -  177,985 
    Term deposits held by depository institutions                                  0   -   43,832            0 
    Other deposits held by depository institutions                         2,460,053   -   49,962   -  279,057 
    U.S. Treasury, General Account                                           266,187   +   90,441   +   94,873 
    Foreign official                                                           5,231   -      198   +       25 
    Other (12)                                                      (0)       16,020   -   11,188   +    6,174 
  Deferred availability cash items                                  (0)          333   +       10   -      302 
  Other liabilities and accrued dividends (13)                                 7,346   -      666   +      903 
                                                                                                               
Total liabilities                                                   (0)    4,430,874   +    9,137   -   14,257 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,359   +        9   +      801 
  Surplus                                                                     29,359   +        9   +      801 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,719   +       19   +    1,603 

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.                        
13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, December 16, 2015
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         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,900          47          72          132         137         304         191         278          32          47         150         196         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,421,529     112,082   2,654,253      109,969     106,307     240,145     248,981     164,279      46,114      26,937      57,444     142,437     512,581
    Securities held outright (1)               4,247,678     107,677   2,549,932      105,647     102,124     230,707     239,196     157,820      44,297      25,833      55,180     136,832     492,435
      U.S. Treasury securities                 2,461,578      62,400   1,477,715       61,224      59,182     133,697     138,617      91,459      25,671      14,970      31,977      79,295     285,372
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,578      62,400   1,477,715       61,224      59,182     133,697     138,617      91,459      25,671      14,970      31,977      79,295     285,372
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,753,157      44,442   1,052,441       43,604      42,150      95,220      98,724      65,138      18,283      10,662      22,774      56,475     203,244
    Unamortized premiums on securities held 
      outright (5)                               190,418       4,827     114,310        4,736       4,578      10,342      10,723       7,075       1,986       1,158       2,474       6,134      22,075
    Unamortized discounts on securities     
      held outright (5)                          -16,641        -422      -9,990         -414        -400        -904        -937        -618        -174        -101        -216        -536      -1,929
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             74           0           0            0           5           0           0           2           5          47           7           8           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,716           0       1,716            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     299           0           0            0           0           0         299           0           0           0           0           0           0
  Bank premises                                    2,232         125         437           74         106         212         207         204         118          92         239         220         197
  Central bank liquidity swaps (8)                   138           6          44            8          11          32           8           4           1           1           1           2          20
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,617         889       6,324        1,096       1,529       4,501       1,116         527         183          82         206         283       2,880
  Other assets (10)                               25,925         690      14,979          650         628       1,562       1,460         969         482         182         377         935       3,011
  Interdistrict settlement account                     0  -    9,223  -  177,111   +    4,822  +   23,499  +   33,523  +    3,751  +   18,259  +   11,698  +    6,052  +    3,898  +   19,884  +   60,948
                                                                                                                                                                                                         
Total assets                                   4,489,593     105,161   2,506,242      117,301     132,959     281,474     258,267     185,677      59,077      33,653      62,757     165,129     581,895

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, December 16, 2015 (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            1,551,758      49,452     499,746      49,539      83,088     107,076     219,463     103,396      51,850      26,910      40,894     125,638     194,707
    Less: Notes held by F.R. Banks               182,773       5,586      67,989       5,931       8,990      12,158      21,645      10,314       4,662       2,679       4,597      13,809      24,413
      Federal Reserve notes, net               1,368,985      43,867     431,757      43,608      74,097      94,918     197,818      93,081      47,188      24,231      36,297     111,829     170,294
  Reverse repurchase agreements (11)             306,718       7,775     184,127       7,629       7,374      16,659      17,272      11,396       3,199       1,865       3,984       9,880      35,558
  Deposits                                     2,747,491      50,687   1,867,401      62,546      46,705     155,994      39,246      79,282       7,942       7,013      21,713      42,291     366,671
    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                           2,460,053      50,683   1,587,549      62,543      46,702     155,832      39,236      71,901       7,934       7,013      21,711      42,289     366,660
    U.S. Treasury, General Account               266,187           0     266,187           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    16,020           2       8,462           0           0         153           7       7,380           8           0           1           2           5
  Deferred availability cash items                   333           0           0           0           0           0         187           0           0         146           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                         1,870          46       1,180          43          39          80         110          67          11          10          17          62         203
  Other liabilities and accrued             
     dividends                                     5,477         177       2,490         229         247         659         358         270         132         136         133         193         452
                                                                                                                                                                                                        
Total liabilities                              4,430,874     102,552   2,486,955     114,054     128,463     268,310     254,991     184,095      58,472      33,401      62,145     164,256     573,178
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,359       1,304       9,644       1,624       2,248       6,582       1,638         791         303         126         306         436       4,359
  Surplus                                         29,359       1,304       9,644       1,624       2,248       6,582       1,638         791         303         126         306         436       4,359
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,489,593     105,161   2,506,242     117,301     132,959     281,474     258,267     185,677      59,077      33,653      62,757     165,129     581,895

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, December 16, 2015 (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.                               
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


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   
                                                                                          Dec 16, 2015  

Federal Reserve notes outstanding                                                            1,551,758  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,773  
    Federal Reserve notes to be collateralized                                               1,368,985  
Collateral held against Federal Reserve notes                                                1,368,985  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,352,748  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,247,678  
  Less: Face value of securities under reverse repurchase agreements                           295,694  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,951,984  

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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