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Release Date: May 05, 2016
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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                                                      May 5, 2016


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   May 4, 2016 
Federal Reserve Banks                                      May 4, 2016 Apr 27, 2016  May 6, 2015              

Reserve Bank credit                                         4,437,061   -    7,662   +    4,100    4,437,506  
  Securities held outright (1)                              4,233,366   -    8,422   +   18,486    4,233,412  
    U.S. Treasury securities                                2,461,443   +       38   +    1,317    2,461,489  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,292            0   -    4,351    2,342,292  
      Notes and bonds, inflation-indexed (2)                  103,134            0   +    4,600      103,134  
      Inflation compensation (3)                               16,018   +       39   +    1,069       16,063  
    Federal agency debt securities (2)                         27,096            0   -    8,799       27,096  
    Mortgage-backed securities (4)                          1,744,827   -    8,460   +   25,967    1,744,827  
  Unamortized premiums on securities held outright (5)        183,584   -      687   -   17,044      183,430  
  Unamortized discounts on securities held outright (5)       -16,078   +       97   +    1,714      -16,082  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            57   -       63   -       11           60  
    Primary credit                                                  6   -       61   -        8            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                50   -        3   -        5           53  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,714   -        7   +       26        1,714  
  Float                                                          -447   -      240   +       34         -231  
  Central bank liquidity swaps (8)                              1,200   +    1,200   +    1,200        1,200  
  Other Federal Reserve assets (9)                             33,665   +      458   -      305       34,004  
Foreign currency denominated assets (10)                       21,268   +      532   +    1,217       21,276  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,798   +       14   +    1,013       47,798  
                                                                                                              
Total factors supplying reserve funds                       4,522,368   -    7,117   +    6,329    4,522,821  

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   May 4, 2016 
Federal Reserve Banks                                      May 4, 2016 Apr 27, 2016  May 6, 2015              

Currency in circulation (11)                                 1,448,797   +    2,985   +   86,841    1,451,315 
Reverse repurchase agreements (12)                             289,875   +   26,847   +   39,314      276,795 
  Foreign official and international accounts                  241,978   +    4,514   +   85,602      241,203 
  Others                                                        47,896   +   22,332   -   46,289       35,592 
Treasury cash holdings                                             145   -       10   -       84          132 
Deposits with F.R. Banks, other than reserve balances          375,245   -   24,344   +  133,453      363,927 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               336,357   -    9,809   +  108,851      323,794 
  Foreign official                                               5,176   -       58   -       54        5,174 
  Other (13)                                                    33,713   -   14,476   +   24,657       34,959 
Other liabilities and capital (14)                              47,307   +      567   -   18,793       47,283 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,161,369   +    6,043   +  240,732    2,139,452 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,361,000   -   13,158   -  234,402    2,383,369 

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   May 4, 2016 
                                                           May 4, 2016 Apr 27, 2016  May 6, 2015              

Securities held in custody for foreign official and       
     international accounts                                  3,228,389   -   10,300   -   84,653    3,222,709 
  Marketable U.S. Treasury securities (1)                    2,914,540   -   11,826   -   69,151    2,909,032 
  Federal agency debt and mortgage-backed securities (2)       264,892   +    1,065   -   19,713      264,815 
  Other securities (3)                                          48,958   +      462   +    4,211       48,862 
Securities lent to dealers                                      17,987   +      227   +    6,681       19,573 
  Overnight facility (4)                                        17,987   +      227   +    6,681       19,573 
    U.S. Treasury securities                                    17,939   +      238   +    6,935       19,527 
    Federal agency debt securities                                  48   -       11   -      253           46 

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, May 4, 2016         

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                                           12            48             0             0             0           ...            60 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  14,021        49,618       121,298     1,164,675       479,447       632,431     2,461,489 
  Weekly changes                        -   13,350    -    6,826    +    6,867    +    8,213    +    5,125    +       47    +       76 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   2,000         2,604        10,663         9,482             0         2,347        27,096 
  Weekly changes                        +    2,000    -    2,000             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           896         8,903     1,735,028     1,744,827 
  Weekly changes                                 0             0             0    +       42    -       30    -       11    +        1 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,200             0             0             0             0             0         1,200 
                                                                                                                                       
Reverse repurchase agreements (4)          276,795             0           ...           ...           ...           ...       276,795 
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   
                                                                                                                       May 4, 2016  

Mortgage-backed securities held outright (1)                                                                             1,744,827  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           33,683  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



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   
                                                                                                                       May 4, 2016  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,714  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 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        May 4, 2016   Wednesday    Wednesday  
                                                        consolidation                Apr 27, 2016  May 6, 2015 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,870   +        3   +       59  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,400,819   -      296   +    3,110  
    Securities held outright (1)                                          4,233,412   +       77   +   18,476  
      U.S. Treasury securities                                            2,461,489   +       76   +    1,307  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,342,292            0   -    4,351  
        Notes and bonds, inflation-indexed (2)                              103,134            0   +    4,600  
        Inflation compensation (3)                                           16,063   +       76   +    1,058  
      Federal agency debt securities (2)                                     27,096            0   -    8,799  
      Mortgage-backed securities (4)                                      1,744,827   +        1   +   25,967  
    Unamortized premiums on securities held outright  
    (5)                                                                     183,430   -      361   -   17,062  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,082            0   +    1,698  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        60   -       10   -        1  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,714            0   +       28  
  Items in process of collection                                   (0)          150   -       32   +       86  
  Bank premises                                                               2,219   -        3   -       20  
  Central bank liquidity swaps (8)                                            1,200   +    1,200   +    1,200  
  Foreign currency denominated assets (9)                                    21,276   +      504   +    1,071  
  Other assets (10)                                                          31,785   +    1,228   -      967  
                                                                                                               
Total assets                                                       (0)    4,477,270   +    2,605   +    4,567  

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        May 4, 2016   Wednesday    Wednesday  
                                                        consolidation                Apr 27, 2016  May 6, 2015 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,405,515   +    2,913   +   85,887 
  Reverse repurchase agreements (11)                                         276,795   +    9,682   +   41,862 
  Deposits                                                          (0)    2,747,295   -   10,692   -  105,083 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,383,369   +   30,112   -  226,687 
    U.S. Treasury, General Account                                           323,794   -   48,705   +   94,663 
    Foreign official                                                           5,174            0   -       56 
    Other (12)                                                      (0)       34,959   +    7,903   +   26,998 
  Deferred availability cash items                                  (0)          381   -      461   -      250 
  Other liabilities and accrued dividends (13)                                 7,245   +    1,161   -      154 
                                                                                                               
Total liabilities                                                   (0)    4,437,231   +    2,603   +   22,262 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,038            0   +    1,171 
  Surplus                                                                     10,000            0   -   18,867 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,038            0   -   17,696 

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, May 4, 2016
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                                             1,870          53          75          130         135         297         181         279          23          55         149         185         310
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,400,819     108,108   2,504,327      119,490     131,795     268,947     246,307     175,360      55,566      32,453      61,257     156,644     540,564
    Securities held outright (1)               4,233,412     103,995   2,409,096      114,946     126,784     258,720     236,941     168,680      53,429      31,211      58,918     150,687     520,006
      U.S. Treasury securities                 2,461,489      60,467   1,400,752       66,835      73,717     150,431     137,768      98,078      31,066      18,147      34,257      87,616     302,354
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,489      60,467   1,400,752       66,835      73,717     150,431     137,768      98,078      31,066      18,147      34,257      87,616     302,354
      Federal agency debt securities (2)          27,096         666      15,419          736         811       1,656       1,517       1,080         342         200         377         964       3,328
      Mortgage-backed securities (4)           1,744,827      42,862     992,924       47,376      52,255     106,633      97,657      69,522      22,021      12,864      24,283      62,107     214,324
    Unamortized premiums on securities held 
      outright (5)                               183,430       4,506     104,384        4,981       5,493      11,210      10,266       7,309       2,315       1,352       2,553       6,529      22,531
    Unamortized discounts on securities     
      held outright (5)                          -16,082        -395      -9,152         -437        -482        -983        -900        -641        -203        -119        -224        -572      -1,975
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             60           2           0            0           0           0           1          12          25           8          10           0           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,714           0       1,714            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     150           0           0            0           0           0         149           0           0           0           0           0           0
  Bank premises                                    2,219         121         430           74         106         208         207         202         116          90         241         225         198
  Central bank liquidity swaps (8)                 1,200          53         396           66          91         268          67          32          12           5          12          15         183
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   21,276         940       7,022        1,170       1,620       4,744       1,181         570         218          91         212         270       3,236
  Other assets (10)                               31,785         820      17,594          870         960       2,119       1,804       1,282         501         267         495       1,152       3,922
  Interdistrict settlement account                     0  -   28,657  +   29,317   -    1,929  -    7,054  -   22,466  +   13,405  +    3,436  +      258  -      377  -    3,275  +   10,100  +    7,242
                                                                                                                                                                                                         
Total assets                                   4,477,270      81,989   2,566,281      120,440     128,476     255,289     265,496     182,338      57,204      32,868      59,541     169,748     557,599

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, May 4, 2016 (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            1,573,330      48,975     501,704      49,331      81,777     108,552     222,839     105,410      50,765      27,345      39,882     131,077     205,673
    Less: Notes held by F.R. Banks               167,815       5,036      56,920       5,603       8,810      11,629      22,588       9,648       4,798       2,505       4,691      13,232      22,355
      Federal Reserve notes, net               1,405,515      43,939     444,784      43,728      72,967      96,923     200,251      95,762      45,966      24,840      35,191     117,846     183,319
  Reverse repurchase agreements (11)             276,795       6,800     157,515       7,516       8,290      16,916      15,492      11,029       3,493       2,041       3,852       9,852      34,000
  Deposits                                     2,747,295      29,292   1,947,347      66,778      43,911     131,906      46,980      73,718       7,158       5,386      19,955      41,261     333,605
    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                           2,383,369      29,288   1,591,144      66,775      43,908     131,666      46,971      66,278       7,146       5,385      19,953      41,260     333,593
    U.S. Treasury, General Account               323,794           0     323,794           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,174           2       5,147           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    34,959           2      27,262           0           0         231           7       7,439          11           0           1           1           5
  Deferred availability cash items                   381           0           0           0           0           0          95           0           0         286           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 2,678          69       1,373          85         109         255         170         104          37          18          27          86         345
  Other liabilities and accrued             
     dividends                                     4,566         143       2,141         180         185         485         299         238         132         129         119         193         323
                                                                                                                                                                                                        
Total liabilities                              4,437,231      80,242   2,553,160     118,286     125,462     246,485     263,287     180,851      56,786      32,698      59,145     169,238     551,591
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,038       1,305       9,822       1,604       2,252       6,573       1,654       1,219         315         127         296         383       4,487
  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                  4,477,270      81,989   2,566,281     120,440     128,476     255,289     265,496     182,338      57,204      32,868      59,541     169,748     557,599

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, May 4, 2016 (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   
                                                                                           May 4, 2016  

Federal Reserve notes outstanding                                                            1,573,330  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,815  
    Federal Reserve notes to be collateralized                                               1,405,515  
Collateral held against Federal Reserve notes                                                1,405,515  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,389,278  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,233,412  
  Less: Face value of securities under reverse repurchase agreements                           258,377  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,975,036  

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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