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Release Date: January 05, 2017
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  January 5, 2017


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jan 4, 2017 
Federal Reserve Banks                                      Jan 4, 2017 Dec 28, 2016  Jan 6, 2016              

Reserve Bank credit                                         4,414,390   -   12,834   -   32,811    4,414,621  
  Securities held outright (1)                              4,221,179   -   12,212   -   20,764    4,221,162  
    U.S. Treasury securities                                2,463,609   +       18   +    2,074    2,463,591  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,103            0   -    7,536    2,339,103  
      Notes and bonds, inflation-indexed (2)                  106,697            0   +    8,163      106,697  
      Inflation compensation (3)                               17,808   +       17   +    1,445       17,791  
    Federal agency debt securities (2)                         16,180            0   -   16,764       16,180  
    Mortgage-backed securities (4)                          1,741,391   -   12,229   -    6,073    1,741,391  
  Unamortized premiums on securities held outright (5)        172,934   -      650   -   16,439      172,789  
  Unamortized discounts on securities held outright (5)       -15,081   +       23   +    1,480      -15,083  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            54   +       10   -       50           40  
    Primary credit                                                 35   +       20   -       30           35  
    Secondary credit                                                1   +        1   +        1            0  
    Seasonal credit                                                18   -       11   -       21            5  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,701   -        6   -       16        1,707  
  Float                                                          -846   -      560   -      753         -798  
  Central bank liquidity swaps (8)                              5,458   +      632   +    4,461        5,563  
  Other Federal Reserve assets (9)                             28,991   -       70   -      729       29,242  
Foreign currency denominated assets (10)                       19,524   +      157   -      115       19,401  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             48,552   +       14   +      985       48,552  
                                                                                                              
Total factors supplying reserve funds                       4,498,707   -   12,662   -   31,941    4,498,816  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jan 4, 2017 
Federal Reserve Banks                                      Jan 4, 2017 Dec 28, 2016  Jan 6, 2016              

Currency in circulation (11)                                 1,509,362   +    3,286   +   85,059    1,509,068 
Reverse repurchase agreements (12)                             652,825   +  112,276   +   80,612      523,213 
  Foreign official and international accounts                  256,597   +    9,317   +   26,418      256,745 
  Others                                                       396,228   +  102,959   +   54,194      266,468 
Treasury cash holdings                                             167   +        3   -      101          176 
Deposits with F.R. Banks, other than reserve balances          444,009   -   21,062   +   77,622      422,158 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               387,989   +    7,310   +   54,769      371,833 
  Foreign official                                               5,165   -        1   -       67        5,164 
  Other (13)                                                    50,855   -   28,372   +   22,920       45,161 
Other liabilities and capital (14)                              46,948   -        6   +    1,125       46,036 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,653,311   +   94,497   +  244,317    2,500,651 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,845,396   -  107,159   -  276,258    1,998,165 

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


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



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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jan 4, 2017 
                                                           Jan 4, 2017 Dec 28, 2016  Jan 6, 2016              

Securities held in custody for foreign official and       
     international accounts                                  3,181,964   +    2,087   -  129,822    3,179,198 
  Marketable U.S. Treasury securities (1)                    2,861,157   +    2,214   -  135,314    2,858,265 
  Federal agency debt and mortgage-backed securities (2)       261,401   -      138   -    7,296      261,493 
  Other securities (3)                                          59,406   +       11   +   12,789       59,440 
Securities lent to dealers                                      23,486   +    1,499   +    6,558       21,295 
  Overnight facility (4)                                        23,486   +    1,499   +    6,558       21,295 
    U.S. Treasury securities                                    23,442   +    1,471   +    6,650       21,251 
    Federal agency debt securities                                  45   +       29   -       90           44 

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


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






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 4, 2017     

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           35             5             0             0             0           ...            40 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   3,105        41,249       150,766     1,232,322       402,996       633,154     2,463,591 
  Weekly changes                        -    8,597    +   10,454    +    3,944    -    9,527    +    3,721    -        6    -       10 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,851         8,938         2,044             0         2,347        16,180 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            84        10,895     1,730,411     1,741,391 
  Weekly changes                                 0             0             0    +        7    +      311    -      315    +        4 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             5,563             0             0             0             0             0         5,563 
                                                                                                                                       
Reverse repurchase agreements (4)          523,213             0           ...           ...           ...           ...       523,213 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jan 4, 2017  

Mortgage-backed securities held outright (1)                                                                             1,741,391  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           40,064  
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   
                                                                                                                       Jan 4, 2017  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,707  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2016. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


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

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jan 4, 2017   Wednesday    Wednesday  
                                                        consolidation                Dec 28, 2016  Jan 6, 2016 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,875   +        1   -       18  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,378,908   -      325   -   35,786  
    Securities held outright (1)                                          4,221,162   -        6   -   20,754  
      U.S. Treasury securities                                            2,463,591   -       10   +    2,086  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,339,103            0   -    7,536  
        Notes and bonds, inflation-indexed (2)                              106,697            0   +    8,163  
        Inflation compensation (3)                                           17,791   -       10   +    1,458  
      Federal agency debt securities (2)                                     16,180            0   -   16,764  
      Mortgage-backed securities (4)                                      1,741,391   +        4   -    6,076  
    Unamortized premiums on securities held outright  
    (5)                                                                     172,789   -      320   -   16,381  
    Unamortized discounts on securities held outright 
    (5)                                                                     -15,083   +        9   +    1,461  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        40   -        7   -      111  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,707            0   -       10  
  Items in process of collection                                   (0)          168   +       74   -       13  
  Bank premises                                                               2,202   -        8   -       33  
  Central bank liquidity swaps (8)                                            5,563   +      737   +    4,566  
  Foreign currency denominated assets (9)                                    19,401   +      113   -      266  
  Other assets (10)                                                          27,041   +    1,058   -    1,943  
                                                                                                               
Total assets                                                       (0)    4,453,101   +    1,650   -   33,505  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jan 4, 2017   Wednesday    Wednesday  
                                                        consolidation                Dec 28, 2016  Jan 6, 2016 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,462,563   -       11   +   86,062 
  Reverse repurchase agreements (11)                                         523,213   -   50,544   +  178,248 
  Deposits                                                          (0)    2,420,324   +   52,385   -  298,820 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,998,166   +   55,183   -  355,335 
    U.S. Treasury, General Account                                           371,833   -      992   +   34,096 
    Foreign official                                                           5,164   -        1   -       77 
    Other (12)                                                      (0)       45,161   -    1,805   +   22,496 
  Deferred availability cash items                                  (0)          966   +      181   +      622 
  Other liabilities and accrued dividends (13)                                 5,594   -      359   -      553 
                                                                                                               
Total liabilities                                                   (0)    4,412,659   +    1,651   -   34,442 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             30,442   -        1   +      937 
  Surplus                                                                     10,000            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 40,442   -        1   +      937 

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


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

 



6. Statement of Condition of Each Federal Reserve Bank, January 4, 2017
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         355       3,588          359         586         760       1,541         753         360         193         296         875       1,371
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,875          47          67          159         137         306         186         281          29          51         113         192         307
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,378,908     107,568   2,491,870      118,896     131,140     267,639     245,083     174,476      55,265      32,284      60,946     155,865     537,877
    Securities held outright (1)               4,221,162     103,694   2,402,124      114,614     126,417     257,971     236,255     168,192      53,274      31,121      58,748     150,251     518,502
      U.S. Treasury securities                 2,463,591      60,519   1,401,949       66,892      73,780     150,559     137,885      98,162      31,093      18,163      34,287      87,691     302,612
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,463,591      60,519   1,401,949       66,892      73,780     150,559     137,885      98,162      31,093      18,163      34,287      87,691     302,612
      Federal agency debt securities (2)          16,180         397       9,208          439         485         989         906         645         204         119         225         576       1,987
      Mortgage-backed securities (4)           1,741,391      42,778     990,968       47,283      52,152     106,423      97,464      69,386      21,978      12,839      24,236      61,984     213,902
    Unamortized premiums on securities held 
      outright (5)                               172,789       4,245      98,328        4,692       5,175      10,560       9,671       6,885       2,181       1,274       2,405       6,150      21,224
    Unamortized discounts on securities     
      held outright (5)                          -15,083        -371      -8,583         -410        -452        -922        -844        -601        -190        -111        -210        -537      -1,853
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             40           0           0            0           0          30           1           0           0           1           4           0           4
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,707           0       1,707            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     168           0           0            0           0           0         167           0           0           1           0           0           0
  Bank premises                                    2,202         118         435           72         107         203         206         200         114          89         239         223         196
  Central bank liquidity swaps (8)                 5,563         246       1,835          306         424       1,241         309         149          57          24          56          71         846
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,401         857       6,403        1,067       1,478       4,326       1,077         520         199          83         194         246       2,951
  Other assets (10)                               27,041         701      14,949          741         817       1,819       1,542       1,088         421         223         428         980       3,332
  Interdistrict settlement account                     0  -   21,882  -   48,116   -    7,846  -    3,399  -    6,777  +   20,265  +   18,080  +    3,912  +    3,948  +    4,245  +   22,985  +   14,584
                                                                                                                                                                                                         
Total assets                                   4,453,101      88,206   2,474,556      113,965     131,527     269,929     271,030     195,970      60,506      36,986      66,669     181,718     562,039

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 4, 2017 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,637,946      52,700     534,554      51,924      80,444     117,625     224,189     108,957      49,503      28,332      44,751     135,700     209,268
    Less: Notes held by F.R. Banks               175,384       5,599      50,477       6,280       8,467      12,730      24,881      10,798       5,161       2,913       5,572      16,250      26,256
      Federal Reserve notes, net               1,462,563      47,101     484,077      45,644      71,976     104,895     199,308      98,159      44,342      25,419      39,180     119,449     183,012
  Reverse repurchase agreements (11)             523,213      12,853     297,743      14,206      15,669      31,975      29,284      20,847       6,603       3,857       7,282      18,624      64,268
  Deposits                                     2,420,324      26,323   1,676,976      51,726      40,431     123,759      39,371      75,118       8,978       6,804      19,685      42,875     308,276
    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                           1,998,166      26,316   1,271,233      51,724      40,428     123,598      39,362      58,921       8,957       6,804      19,681      42,874     308,267
    U.S. Treasury, General Account               371,833           0     371,833           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,164           2       5,137           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    45,161           5      28,773           0           0         153           7      16,196          21           0           4           0           2
  Deferred availability cash items                   966           0           0           0           0           0         369           0           0         596           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                   960          21         581          22          25          34          60          38          12           7          13          38         108
  Other liabilities and accrued             
     dividends                                     4,635         146       2,132         179         183         455         308         266         134         131         113         216         370
                                                                                                                                                                                                        
Total liabilities                              4,412,659      86,444   2,461,509     111,778     128,285     261,119     268,701     194,428      60,071      36,814      66,274     181,202     556,035
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 30,442       1,320       9,748       1,637       2,480       6,580       1,774       1,274         333         129         296         389       4,483
  Surplus                                         10,000         442       3,299         550         762       2,230         555         268         103          43         100         127       1,521
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,453,101      88,206   2,474,556     113,965     131,527     269,929     271,030     195,970      60,506      36,986      66,669     181,718     562,039

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, January 4, 2017 (continued)


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


Note on consolidation:


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

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jan 4, 2017  

Federal Reserve notes outstanding                                                            1,637,946  
  Less: Notes held by F.R. Banks not subject to collateralization                              175,384  
    Federal Reserve notes to be collateralized                                               1,462,563  
Collateral held against Federal Reserve notes                                                1,462,563  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,446,326  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,221,162  
  Less: Face value of securities under reverse repurchase agreements                           501,668  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,719,494  

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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