FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, October 20, 2016

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	October 20, 2016

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Oct 19, 2016
	Week ended Oct 19, 2016	Change from week ended
	Week ended Oct 19, 2016	Oct 12, 2016	Oct 21, 2015
Reserve Bank credit	4,434,675	+ 17,254	- 22,703	4,427,721
Securities held outright¹	4,239,055	+ 18,197	- 7,095	4,232,747
U.S. Treasury securities	2,463,512	+ 23	+ 1,662	2,463,520
Bills²	0	0	0	0
Notes and bonds, nominal²	2,340,976	0	- 5,663	2,340,976
Notes and bonds, inflation-indexed²	105,224	0	+ 6,690	105,224
Inflation compensation³	17,312	+ 23	+ 635	17,320
Federal agency debt securities²	19,921	- 571	- 14,225	18,493
Mortgage-backed securities⁴	1,755,623	+ 18,746	+ 5,470	1,750,733
Unamortized premiums on securities held outright⁵	176,997	+ 474	- 16,085	176,735
Unamortized discounts on securities held outright⁵	-15,394	+ 32	+ 1,527	-15,379
Repurchase agreements⁶	0	0	0	0
Loans	116	- 54	- 78	94
Primary credit	6	0	0	1
Secondary credit	0	0	0	0
Seasonal credit	110	- 55	- 79	92
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁷	1,709	+ 1	+ 4	1,709
Float	-379	- 26	- 654	-427
Central bank liquidity swaps⁸	240	- 2,980	+ 100	180
Other Federal Reserve assets⁹	32,331	+ 1,610	- 422	32,063
Foreign currency denominated assets¹⁰	21,007	- 158	+ 775	21,023
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹¹	48,253	+ 14	+ 849	48,253

Total factors supplying reserve funds	4,520,176	+ 17,110	- 21,079	4,513,238

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 reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Oct 19, 2016
	Week ended Oct 19, 2016	Change from week ended
	Week ended Oct 19, 2016	Oct 12, 2016	Oct 21, 2015
Currency in circulation¹¹	1,477,007	- 1,143	+ 85,396	1,476,873
Reverse repurchase agreements¹²	393,622	- 55,828	+ 88,967	431,168
Foreign official and international accounts	240,446	+ 9,867	+ 65,057	239,358
Others	153,176	- 65,695	+ 23,911	191,810
Treasury cash holdings	172	+ 16	- 21	176
Deposits with F.R. Banks, other than reserve balances	454,182	+ 56,416	+ 369,382	452,596
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	391,988	+ 35,803	+ 331,585	409,693
Foreign official	5,165	- 7	- 285	5,165
Other¹³	57,029	+ 20,621	+ 38,082	37,737
Other liabilities and capital¹⁴	47,977	+ 199	- 18,712	46,615

Total factors, other than reserve balances, absorbing reserve funds	2,372,960	- 340	+ 525,012	2,407,428

Reserve balances with Federal Reserve Banks	2,147,216	+ 17,450	- 546,090	2,105,811

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 Oct 19, 2016
	Week ended Oct 19, 2016	Change from week ended
	Week ended Oct 19, 2016	Oct 12, 2016	Oct 21, 2015
Securities held in custody for foreign official and international accounts	3,122,437	- 23,695	- 179,015	3,116,761
Marketable U.S. Treasury securities¹	2,801,337	- 23,533	- 175,551	2,796,793
Federal agency debt and mortgage-backed securities²	261,354	+ 107	- 17,295	260,729
Other securities³	59,745	- 270	+ 13,830	59,238
Securities lent to dealers	23,049	- 3,987	+ 7,273	21,348
Overnight facility⁴	23,049	- 3,987	+ 7,273	21,348
U.S. Treasury securities	23,019	- 3,975	+ 7,289	21,324
Federal agency debt securities	30	- 12	- 17	24

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, October 19, 2016

Millions of dollars

Remaining Maturity	Within 15 days	16 days to 90 days	91 days to 1 year	Over 1 year to 5 years	Over 5 year to 10 years	Over 10 years	All
Loans	92	1	0	0	0	...	94
U.S. Treasury securities¹
Holdings	6,529	38,905	146,892	1,202,720	433,461	635,014	2,463,520
Weekly changes	+ 6,529	- 3,436	- 3,092	+ 4	+ 4	+ 15	+ 23
Federal agency debt securities²
Holdings	0	2,313	9,423	4,410	0	2,347	18,493
Weekly changes	- 1,999	0	0	0	0	0	- 1,999
Mortgage-backed securities³
Holdings	0	0	0	1,590	11,747	1,737,397	1,750,733
Weekly changes	0	0	0	- 7	+ 455	+ 13,409	+ 13,856
Repurchase agreements⁴	0	0	...	...	...	...	0
Central bank liquidity swaps⁵	180	0	0	0	0	0	180

Reverse repurchase agreements⁴	431,168	0	...	...	...	...	431,168
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
Account name	Oct 19, 2016
Mortgage-backed securities held outright¹	1,750,733

Commitments to buy mortgage-backed securities²	37,854
Commitments to sell mortgage-backed securities²	5

Cash and cash equivalents³	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
Account name	Oct 19, 2016
Net portfolio holdings of Maiden Lane LLC¹	1,709

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	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 June 30, 2016. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2.	Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.
3.	Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 5 and table 6.

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Oct 19, 2016	Change since
			Wednesday	Wednesday
			Oct 12, 2016	Oct 21, 2015
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,898	- 3	+ 5
Securities, unamortized premiums and discounts, repurchase agreements, and loans		4,394,197	+ 12,164	- 33,405
Securities held outright¹		4,232,747	+ 11,881	- 18,433
U.S. Treasury securities		2,463,520	+ 23	+ 1,683
Bills²		0	0	0
Notes and bonds, nominal²		2,340,976	0	- 5,663
Notes and bonds, inflation-indexed²		105,224	0	+ 6,690
Inflation compensation³		17,320	+ 23	+ 657
Federal agency debt securities²		18,493	- 1,999	- 15,653
Mortgage-backed securities⁴		1,750,733	+ 13,856	- 4,464
Unamortized premiums on securities held outright⁵		176,735	+ 301	- 16,408
Unamortized discounts on securities held outright⁵		-15,379	+ 38	+ 1,528
Repurchase agreements⁶		0	0	0
Loans		94	- 56	- 93
Net portfolio holdings of Maiden Lane LLC⁷		1,709	0	+ 4
Items in process of collection	(0)	76	- 28	- 492
Bank premises		2,203	+ 2	- 32
Central bank liquidity swaps⁸		180	- 3,040	+ 40
Foreign currency denominated assets⁹		21,023	+ 49	+ 838
Other assets¹⁰		29,860	+ 540	- 947

Total assets	(0)	4,467,382	+ 9,684	- 33,990

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 from consolidation	Wednesday Oct 19, 2016	Change since
			Wednesday	Wednesday
			Oct 12, 2016	Oct 21, 2015
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,430,689	- 1,977	+ 83,679
Reverse repurchase agreements¹¹		431,168	+ 8,068	+ 99,869
Deposits	(0)	2,558,407	+ 3,931	- 198,312
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,105,811	- 56,275	- 569,777
U.S. Treasury, General Account		409,693	+ 66,818	+ 352,607
Foreign official		5,165	0	- 93
Other¹²	(0)	37,737	- 6,613	+ 18,951
Deferred availability cash items	(0)	503	- 80	+ 137
Other liabilities and accrued dividends¹³		6,436	- 262	- 944

Total liabilities	(0)	4,427,203	+ 9,681	- 15,571

Capital accounts
Capital paid in		30,179	+ 3	+ 880
Surplus		10,000	0	- 19,299
Other capital accounts		0	0	0

Total capital		40,179	+ 3	- 18,419

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, October 19, 2016

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	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	1,898	48	74	160	132	299	180	283	32	54	127	190	319
Securities, unamortized premiums and discounts, repurchase agreements, and loans	4,394,197	107,943	2,500,539	119,310	131,596	268,540	245,934	175,095	55,475	32,439	61,168	156,414	539,745
Securities held outright¹	4,232,747	103,978	2,408,717	114,928	126,764	258,679	236,903	168,653	53,421	31,206	58,909	150,664	519,925
U.S. Treasury securities	2,463,520	60,517	1,401,908	66,890	73,778	150,555	137,881	98,159	31,092	18,162	34,286	87,688	302,604
Bills²	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes and bonds³	2,463,520	60,517	1,401,908	66,890	73,778	150,555	137,881	98,159	31,092	18,162	34,286	87,688	302,604
Federal agency debt securities²	18,493	454	10,524	502	554	1,130	1,035	737	233	136	257	658	2,272
Mortgage-backed securities⁴	1,750,733	43,007	996,285	47,536	52,432	106,994	97,987	69,758	22,096	12,907	24,366	62,317	215,049
Unamortized premiums on securities held outright⁵	176,735	4,342	100,574	4,799	5,293	10,801	9,892	7,042	2,231	1,303	2,460	6,291	21,709
Unamortized discounts on securities held outright⁵	-15,379	-378	-8,752	-418	-461	-940	-861	-613	-194	-113	-214	-547	-1,889
Repurchase agreements⁶	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans	94	0	0	0	0	0	0	12	18	43	13	7	0
Net portfolio holdings of Maiden
Lane LLC⁷	1,709	0	1,709	0	0	0	0	0	0	0	0	0	0
Items in process of collection	76	0	0	0	0	0	76	0	0	0	0	0	0
Bank premises	2,203	118	429	72	105	205	207	201	114	90	240	224	196
Central bank liquidity swaps⁸	180	8	59	10	14	40	10	5	2	1	2	2	27
Foreign currency denominated
assets⁹	21,023	929	6,938	1,157	1,601	4,688	1,167	563	216	90	210	267	3,198
Other assets¹⁰	29,860	772	16,523	815	899	1,993	1,677	1,204	454	245	470	1,131	3,678
Interdistrict settlement account	0	- 21,107	+ 20,076	- 10,879	- 8,737	- 26,308	+ 9,574	+ 3,571	+ 4,504	+ 2,037	- 686	+ 21,588	+ 6,366

Total assets	4,467,382	89,261	2,551,753	111,214	126,433	250,630	261,021	182,098	61,307	35,238	61,979	180,974	555,475

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, October 19, 2016 (continued)

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Liabilities
Federal Reserve notes outstanding	1,616,903	50,040	524,470	51,583	80,837	114,162	223,890	108,696	49,879	28,148	42,132	134,083	208,981
Less: Notes held by F.R. Banks	186,214	6,567	49,292	6,738	10,070	14,650	27,789	12,725	5,587	3,205	6,048	16,244	27,300
Federal Reserve notes, net	1,430,689	43,473	475,178	44,845	70,767	99,513	196,101	95,972	44,292	24,944	36,084	117,839	181,682
Reverse repurchase agreements¹¹	431,168	10,592	245,364	11,707	12,913	26,350	24,132	17,180	5,442	3,179	6,001	15,347	52,962
Deposits	2,558,407	33,242	1,815,135	52,250	39,317	115,338	38,057	67,126	10,977	6,367	19,358	46,998	314,242
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	2,105,811	33,236	1,372,022	52,248	39,314	115,026	38,048	58,004	10,962	6,367	19,357	46,995	314,233
U.S. Treasury, General Account	409,693	0	409,693	0	0	0	0	0	0	0	0	0	0
Foreign official	5,165	2	5,139	2	3	9	2	1	0	0	0	1	6
Other¹²	37,737	4	28,281	0	0	304	7	9,121	14	0	1	3	3
Deferred availability cash items	503	0	0	0	0	0	74	0	0	428	0	0	0
Earnings remittances due to the U.S. Treasury¹³	1,677	42	951	46	51	104	102	67	21	12	18	61	203
Other liabilities and accrued dividends	4,759	163	2,086	194	203	513	336	258	140	139	127	214	385

Total liabilities	4,427,203	87,511	2,538,714	109,043	123,250	241,818	258,803	180,602	60,871	35,068	61,588	180,460	549,474

Capital
Capital paid in	30,179	1,307	9,741	1,621	2,420	6,581	1,663	1,228	333	127	291	388	4,479
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	4,467,382	89,261	2,551,753	111,214	126,433	250,630	261,021	182,098	61,307	35,238	61,979	180,974	555,475

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, October 19, 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
Federal Reserve notes and collateral	Oct 19, 2016
Federal Reserve notes outstanding	1,616,903
Less: Notes held by F.R. Banks not subject to collateralization	186,214
Federal Reserve notes to be collateralized	1,430,689
Collateral held against Federal Reserve notes	1,430,689
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,414,452
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	4,232,747
Less: Face value of securities under reverse repurchase agreements	402,573
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	3,830,174

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.

Statistical releases