FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, June 22, 2017

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	June 22, 2017

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 Jun 21, 2017
	Week ended Jun 21, 2017	Change from week ended
	Week ended Jun 21, 2017	Jun 14, 2017	Jun 22, 2016
Reserve Bank credit	4,430,246	+ 2,434	- 7,987	4,435,230
Securities held outright¹	4,249,383	+ 1,789	+ 7,230	4,254,154
U.S. Treasury securities	2,464,926	+ 87	+ 2,808	2,464,958
Bills²	0	0	0	0
Notes and bonds, nominal²	2,338,216	0	- 1,070	2,338,216
Notes and bonds, inflation-indexed²	108,126	0	+ 2,187	108,126
Inflation compensation³	18,583	+ 87	+ 1,691	18,615
Federal agency debt securities²	8,097	- 421	- 16,999	8,097
Mortgage-backed securities⁴	1,776,360	+ 2,123	+ 21,421	1,781,099
Unamortized premiums on securities held outright⁵	166,613	- 167	- 15,009	166,663
Unamortized discounts on securities held outright⁵	-14,776	+ 33	+ 1,194	-14,765
Repurchase agreements⁶	0	0	0	0
Loans	101	+ 29	- 46	107
Primary credit	18	+ 11	- 21	9
Secondary credit	0	0	0	0
Seasonal credit	83	+ 18	- 25	98
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁷	1,709	0	- 4	1,709
Float	-263	+ 61	- 124	-372
Central bank liquidity swaps⁸	42	+ 6	+ 42	42
Other Federal Reserve assets⁹	27,435	+ 681	- 1,273	27,692
Foreign currency denominated assets¹⁰	20,600	- 119	- 659	20,537
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹¹	48,935	+ 14	+ 940	48,935

Total factors supplying reserve funds	4,516,022	+ 2,329	- 7,706	4,520,944

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 Jun 21, 2017
	Week ended Jun 21, 2017	Change from week ended
	Week ended Jun 21, 2017	Jun 14, 2017	Jun 22, 2016
Currency in circulation¹¹	1,554,710	+ 122	+ 98,567	1,555,694
Reverse repurchase agreements¹²	408,834	+ 13,112	+ 101,015	446,236
Foreign official and international accounts	242,415	+ 4,670	- 317	247,467
Others	166,420	+ 8,443	+ 101,333	198,769
Treasury cash holdings	202	- 19	+ 112	199
Deposits with F.R. Banks, other than reserve balances	293,963	+ 54,306	- 55,696	305,851
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	212,275	+ 58,629	- 104,563	225,126
Foreign official	5,176	- 37	- 158	5,165
Other¹³	76,512	- 4,286	+ 49,025	75,560
Other liabilities and capital¹⁴	48,493	- 295	+ 373	48,348

Total factors, other than reserve balances, absorbing reserve funds	2,306,202	+ 67,225	+ 144,371	2,356,329

Reserve balances with Federal Reserve Banks	2,209,820	- 64,896	- 152,077	2,164,616

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

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

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

1A. Memorandum Items

Millions of dollars

Memorandum item	Averages of daily figures			Wednesday Jun 21, 2017
	Week ended Jun 21, 2017	Change from week ended
	Week ended Jun 21, 2017	Jun 14, 2017	Jun 22, 2016
Securities held in custody for foreign official and international accounts	3,290,028	+ 19,699	+ 51,535	3,294,618
Marketable U.S. Treasury securities¹	2,966,046	+ 20,079	+ 41,046	2,972,599
Federal agency debt and mortgage-backed securities²	262,214	- 607	- 981	260,237
Other securities³	61,767	+ 226	+ 11,469	61,782
Securities lent to dealers	25,611	- 92	+ 4,458	25,291
Overnight facility⁴	25,611	- 92	+ 4,458	25,291
U.S. Treasury securities	25,610	- 92	+ 4,467	25,290
Federal agency debt securities	0	- 1	- 10	1

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 21, 2017

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	104	3	0	0	0	...	107
U.S. Treasury securities¹
Holdings	12,885	34,923	256,067	1,174,361	353,826	632,897	2,464,958
Weekly changes	+ 12,885	- 12,884	+ 2	+ 14	+ 20	+ 51	+ 87
Federal agency debt securities²
Holdings	0	1,340	4,348	62	0	2,347	8,097
Weekly changes	0	0	0	0	0	0	0
Mortgage-backed securities³
Holdings	0	0	0	801	11,404	1,768,895	1,781,099
Weekly changes	0	0	0	+ 220	+ 176	- 1,897	- 1,502
Repurchase agreements⁴	0	0	...	...	...	...	0
Central bank liquidity swaps⁵	42	0	0	0	0	0	42

Reverse repurchase agreements⁴	446,236	0	...	...	...	...	446,236
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	Jun 21, 2017
Mortgage-backed securities held outright¹	1,781,099

Commitments to buy mortgage-backed securities²	17,558
Commitments to sell mortgage-backed securities²	0

Cash and cash equivalents³	48

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	Jun 21, 2017
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 March 31, 2017. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2.	Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.
3.	Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 5 and table 6.

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Jun 21, 2017	Change since
			Wednesday	Wednesday
			Jun 14, 2017	Jun 22, 2016
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,819	+ 5	- 44
Securities, unamortized premiums and discounts, repurchase agreements, and loans		4,406,160	- 1,670	- 5,432
Securities held outright¹		4,254,154	- 1,415	+ 8,382
U.S. Treasury securities		2,464,958	+ 87	+ 2,790
Bills²		0	0	0
Notes and bonds, nominal²		2,338,216	0	- 1,070
Notes and bonds, inflation-indexed²		108,126	0	+ 2,187
Inflation compensation³		18,615	+ 87	+ 1,673
Federal agency debt securities²		8,097	0	- 16,999
Mortgage-backed securities⁴		1,781,099	- 1,502	+ 22,591
Unamortized premiums on securities held outright⁵		166,663	- 318	- 14,971
Unamortized discounts on securities held outright⁵		-14,765	+ 33	+ 1,193
Repurchase agreements⁶		0	0	0
Loans		107	+ 30	- 37
Net portfolio holdings of Maiden Lane LLC⁷		1,709	0	- 4
Items in process of collection	(0)	61	- 4	- 110
Bank premises		2,198	+ 1	- 20
Central bank liquidity swaps⁸		42	+ 6	+ 42
Foreign currency denominated assets⁹		20,537	- 332	- 732
Other assets¹⁰		25,495	- 17	- 1,451

Total assets	(0)	4,474,257	- 2,012	- 7,752

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 Jun 21, 2017	Change since
			Wednesday	Wednesday
			Jun 14, 2017	Jun 22, 2016
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,508,773	+ 212	+ 97,600
Reverse repurchase agreements¹¹		446,236	+ 40,166	+ 111,166
Deposits	(0)	2,470,467	- 41,978	- 217,726
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,164,616	- 66,588	- 153,979
U.S. Treasury, General Account		225,126	+ 61,185	- 106,286
Foreign official		5,165	- 87	- 31
Other¹²	(0)	75,560	- 36,487	+ 42,569
Deferred availability cash items	(0)	433	- 311	+ 140
Other liabilities and accrued dividends¹³		7,493	- 116	+ 327

Total liabilities	(0)	4,433,401	- 2,029	- 8,494

Capital accounts
Capital paid in		30,856	+ 16	+ 742
Surplus		10,000	0	0
Other capital accounts		0	0	0

Total capital		40,856	+ 16	+ 742

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

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

6. Statement of Condition of Each Federal Reserve Bank, June 21, 2017

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	349	3,592	348	553	776	1,520	737	341	191	292	916	1,422
Special drawing rights certificate acct.	5,200	196	1,818	210	237	412	654	424	150	90	153	282	574
Coin	1,819	44	46	168	130	273	197	281	27	52	114	185	300
Securities, unamortized premiums and discounts, repurchase agreements, and loans	4,406,160	85,847	2,481,012	113,762	127,772	258,153	259,360	185,342	58,780	34,391	62,495	176,388	562,857
Securities held outright¹	4,254,154	82,887	2,395,480	109,840	123,367	249,253	250,415	178,924	56,728	33,168	60,334	170,307	543,452
U.S. Treasury securities	2,464,958	48,027	1,387,998	63,644	71,482	144,423	145,096	103,673	32,870	19,218	34,959	98,680	314,889
Bills²	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes and bonds³	2,464,958	48,027	1,387,998	63,644	71,482	144,423	145,096	103,673	32,870	19,218	34,959	98,680	314,889
Federal agency debt securities²	8,097	158	4,559	209	235	474	477	341	108	63	115	324	1,034
Mortgage-backed securities⁴	1,781,099	34,702	1,002,922	45,987	51,650	104,356	104,842	74,911	23,751	13,886	25,260	71,303	227,529
Unamortized premiums on securities held outright⁵	166,663	3,247	93,847	4,303	4,833	9,765	9,810	7,010	2,222	1,299	2,364	6,672	21,291
Unamortized discounts on securities held outright⁵	-14,765	-288	-8,314	-381	-428	-865	-869	-621	-197	-115	-209	-591	-1,886
Repurchase agreements⁶	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans	107	1	0	0	0	0	4	29	27	39	7	0	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	61	0	0	0	0	0	61	0	0	0	0	0	0
Bank premises	2,198	119	442	71	112	201	203	200	111	88	236	221	193
Central bank liquidity swaps⁸	42	2	13	2	3	9	2	2	0	0	0	1	6
Foreign currency denominated
assets⁹	20,537	890	6,578	1,104	1,673	4,438	1,198	860	225	87	199	263	3,024
Other assets¹⁰	25,495	538	13,801	653	740	1,673	1,508	1,069	551	218	423	1,090	3,230
Interdistrict settlement account	0	+ 2,866	- 26,862	- 2,788	- 4,417	+ 3,386	- 8,359	+ 40,226	- 174	+ 2,005	+ 6,595	+ 4,578	- 17,056

Total assets	4,474,257	90,852	2,482,150	113,531	126,803	269,321	256,345	229,141	60,012	37,123	70,507	183,922	554,550

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, June 21, 2017 (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	1,680,298	57,090	525,870	55,923	85,925	122,283	223,040	115,837	52,691	31,484	48,718	143,054	218,383
Less: Notes held by F.R. Banks	171,525	5,863	42,255	7,580	10,034	12,655	27,457	11,011	5,421	2,690	5,542	16,234	24,783
Federal Reserve notes, net	1,508,773	51,227	483,615	48,343	75,891	109,628	195,582	104,826	47,270	28,794	43,176	126,819	193,600
Reverse repurchase agreements¹¹	446,236	8,694	251,272	11,522	12,940	26,145	26,267	18,768	5,950	3,479	6,329	17,864	57,005
Deposits	2,470,467	28,968	1,730,440	51,207	34,361	124,067	31,608	103,405	6,165	4,142	20,433	38,412	297,259
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	2,164,616	28,963	1,480,523	51,204	34,357	123,903	31,600	47,669	6,161	4,142	20,431	38,411	297,252
U.S. Treasury, General Account	225,126	0	225,126	0	0	0	0	0	0	0	0	0	0
Foreign official	5,165	2	5,138	2	3	9	2	2	0	0	0	1	6
Other¹²	75,560	4	19,654	0	0	155	6	55,735	4	0	1	0	1
Deferred availability cash items	433	0	0	0	0	0	52	0	0	381	0	0	0
Earnings remittances due to the U.S. Treasury¹³	947	11	563	16	16	13	79	34	18	10	17	59	110
Other liabilities and accrued dividends	6,545	197	3,209	234	245	610	400	352	154	145	151	255	594

Total liabilities	4,433,401	89,098	2,469,100	111,321	123,453	260,464	253,989	227,384	59,557	36,952	70,105	183,410	548,568

Capital
Capital paid in	30,856	1,321	9,848	1,672	2,535	6,696	1,773	1,338	345	129	305	385	4,509
Surplus	10,000	434	3,202	538	815	2,161	583	419	109	42	97	128	1,473
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0

Total liabilities and capital	4,474,257	90,852	2,482,150	113,531	126,803	269,321	256,345	229,141	60,012	37,123	70,507	183,922	554,550

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, June 21, 2017 (continued)

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

Note on consolidation:

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

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral	Wednesday
Federal Reserve notes and collateral	Jun 21, 2017
Federal Reserve notes outstanding	1,680,298
Less: Notes held by F.R. Banks not subject to collateralization	171,525
Federal Reserve notes to be collateralized	1,508,773
Collateral held against Federal Reserve notes	1,508,773
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,492,536
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	4,254,154
Less: Face value of securities under reverse repurchase agreements	432,274
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	3,821,881

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