FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     July 2, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 1, 2015 
Federal Reserve Banks                                      Jul 1, 2015 Jun 24, 2015  Jul 2, 2014              

Reserve Bank credit                                         4,440,876   -   19,255   +  110,262    4,440,806  
  Securities held outright (1)                              4,228,816   -   17,951   +  120,119    4,228,931  
    U.S. Treasury securities                                2,460,947   +       56   +   59,809    2,460,975  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,642            0   +   58,045    2,346,641  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    1,763       98,534  
      Inflation compensation (3)                               15,770   +       55            0       15,800  
    Federal agency debt securities (2)                         35,895            0   -    7,764       35,895  
    Mortgage-backed securities (4)                          1,731,974   -   18,007   +   68,074    1,732,060  
  Unamortized premiums on securities held outright (5)        198,245   -      976   -   11,148      198,111  
  Unamortized discounts on securities held outright (5)       -17,523   +       39   +      972      -17,512  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           172   -        4   -       27          170  
    Primary credit                                                  9   -       14   -        1            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               162   +        9   +       22          164  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       49            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,696            0   +       42        1,696  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -       90            0  
  Float                                                          -461   -      127   +      147         -350  
  Central bank liquidity swaps (11)                               635   +      520   +      511          635  
  Other Federal Reserve assets (12)                            29,297   -      754   -      178       29,125  
Foreign currency denominated assets (13)                       19,769   -      161   -    4,289       19,775  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,853   +       14   +      890       46,853  
                                                                                                              
Total factors supplying reserve funds                       4,523,740   -   19,402   +  106,864    4,523,675  

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   Jul 1, 2015 
Federal Reserve Banks                                      Jul 1, 2015 Jun 24, 2015  Jul 2, 2014              

Currency in circulation (14)                                 1,366,466   +    2,182   +   84,085    1,370,050 
Reverse repurchase agreements (15)                             379,412   +   68,636   +   98,391      349,857 
  Foreign official and international accounts                  157,182   +    5,956   +   47,353      156,446 
  Others                                                       222,230   +   62,679   +   51,038      193,411 
Treasury cash holdings                                             100   -       30   -       46           85 
Deposits with F.R. Banks, other than reserve balances          254,517   -   16,226   +   44,081      234,695 
  Term deposits held by depository institutions                      0            0   -   92,420            0 
  U.S. Treasury, General Account                               227,457   -   12,041   +  127,372      212,135 
  Foreign official                                               5,244   +        2   -      697        5,243 
  Other (16)                                                    21,817   -    4,186   +    9,827       17,317 
Other liabilities and capital (17)                              65,839   -    1,044   +    1,645       64,456 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,066,334   +   53,517   +  228,155    2,019,143 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,457,406   -   72,918   -  121,291    2,504,532 

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.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  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. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. 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.     
12. 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.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jul 1, 2015 
                                                           Jul 1, 2015 Jun 24, 2015  Jul 2, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,378,862   +   10,788   +   75,095    3,376,811 
  Marketable U.S. Treasury securities (1)                    3,035,038   +   13,395   +   64,884    3,032,996 
  Federal agency debt and mortgage-backed securities (2)       298,574   -    3,161   +    6,707      298,627 
  Other securities (3)                                          45,250   +      554   +    3,504       45,188 
Securities lent to dealers                                      11,981   +      528   -    4,383       11,165 
  Overnight facility (4)                                        11,981   +      528   -    4,383       11,165 
    U.S. Treasury securities                                    11,828   +      517   -    3,298       10,954 
    Federal agency debt securities                                 153   +       11   -    1,085          211 

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, July 1, 2015        

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           50           120             0             0             0           ...           170 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,288       143,134     1,098,074       574,120       644,359     2,460,975 
  Weekly changes                        -        1             0    +   13,567    -      690    -   12,855    +       43    +       64 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           802         9,997        22,749             0         2,347        35,895 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            35         9,284     1,722,741     1,732,060 
  Weekly changes                                 0             0             0    -        1    -      200    -   14,132    -   14,333 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               635             0             0             0             0             0           635 
                                                                                                                                       
Reverse repurchase agreements (4)          349,857             0           ...           ...           ...           ...       349,857 
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   
                                                                                                                       Jul 1, 2015  

Mortgage-backed securities held outright (1)                                                                             1,732,060  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           38,462  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   17  



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   
                                                                                                                       Jul 1, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,696  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 1, 2015   Wednesday    Wednesday  
                                                        consolidation                Jun 24, 2015  Jul 2, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,870   +        3   -        6  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,409,700   -   15,074   +  106,576  
    Securities held outright (1)                                          4,228,931   -   14,268   +  116,795  
      U.S. Treasury securities                                            2,460,975   +       64   +   56,398  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,641   -        1   +   54,637  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    1,763  
        Inflation compensation (3)                                           15,800   +       65   -        2  
      Federal agency debt securities (2)                                     35,895            0   -    7,764  
      Mortgage-backed securities (4)                                      1,732,060   -   14,333   +   68,159  
    Unamortized premiums on securities held outright  
    (5)                                                                     198,111   -      807   -   11,204  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,512   +       38   +    1,011  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       170   -       37   -       25  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,696            0   +       41  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -       90  
  Items in process of collection                                   (0)           91   +       19   -        4  
  Bank premises                                                               2,236   -        7   -       25  
  Central bank liquidity swaps (10)                                             635   +      520   +      511  
  Foreign currency denominated assets (11)                                   19,775   +       52   -    4,332  
  Other assets (12)                                                          26,889   -    1,439   -      490  
                                                                                                               
Total assets                                                       (0)    4,479,130   -   15,925   +  102,099  

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        Jul 1, 2015   Wednesday    Wednesday  
                                                        consolidation                Jun 24, 2015  Jul 2, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,325,147   +    4,672   +   81,480 
  Reverse repurchase agreements (13)                                         349,857   +   60,441   +   91,735 
  Deposits                                                          (0)    2,739,227   -   80,139   -   72,388 
    Term deposits held by depository institutions                                  0            0   -   92,420 
    Other deposits held by depository institutions                         2,504,532   +   11,003   -  100,248 
    U.S. Treasury, General Account                                           212,135   -   28,627   +  111,050 
    Foreign official                                                           5,243            0   -      698 
    Other (14)                                                      (0)       17,317   -   62,516   +    9,928 
  Deferred availability cash items                                  (0)          442   +       17   -      345 
  Other liabilities and accrued dividends (15)                                 6,192   -      916   -      330 
                                                                                                               
Total liabilities                                                   (0)    4,420,866   -   15,925   +  100,153 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,132            0   +      973 
  Surplus                                                                     29,132            0   +      973 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,264            0   +    1,946 

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.  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. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. 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.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, July 1, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,870          36          63          127         128         300         204         273          32          47         148         196         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,409,700     111,779   2,647,094      109,672     106,016     239,497     248,335     163,847      46,017      26,898      57,294     142,050     511,201
    Securities held outright (1)               4,228,931     107,201   2,538,678      105,180     101,674     229,688     238,140     157,124      44,101      25,719      54,936     136,228     490,262
      U.S. Treasury securities                 2,460,975      62,384   1,477,353       61,209      59,168     133,664     138,583      91,436      25,664      14,967      31,969      79,276     285,302
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,975      62,384   1,477,353       61,209      59,168     133,664     138,583      91,436      25,664      14,967      31,969      79,276     285,302
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,732,060      43,907   1,039,777       43,079      41,643      94,074      97,536      64,354      18,063      10,534      22,500      55,795     200,799
    Unamortized premiums on securities held 
      outright (5)                               198,111       5,022     118,929        4,927       4,763      10,760      11,156       7,361       2,066       1,205       2,574       6,382      22,967
    Unamortized discounts on securities     
      held outright (5)                          -17,512        -444     -10,512         -436        -421        -951        -986        -651        -183        -106        -227        -564      -2,030
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            170           0           0            0           0           0          26          13          32          81          12           5           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,696           0       1,696            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      91           0           0            0           0           0          91           0           0           0           0           0           0
  Bank premises                                    2,236         125         434           73         108         216         209         203         118          94         239         220         197
  Central bank liquidity swaps (10)                  635          29         205           35          50         146          36          17           6           3           7           9          93
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,775         893       6,429        1,100       1,535       4,519       1,121         529         183          83         207         284       2,892
  Other assets (12)                               26,889         719      15,666          679         659       1,627       1,542       1,019         373         199         388         886       3,131
  Interdistrict settlement account                     0  +   24,811  -  132,381   +   15,087  +   35,642  +   24,722  -    3,885  +   14,481  +    6,597  +    5,131  +    4,691  +   12,950  -    7,845
                                                                                                                                                                                                         
Total assets                                   4,479,130     138,935   2,544,732      127,324     144,880     272,222     249,906     181,526      53,776      32,715      63,415     157,767     511,930

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, July 1, 2015 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,507,312      49,626     488,813      50,648      79,709     104,454     207,674     106,349      47,180      26,655      41,719     118,960     185,526
    Less: Notes held by F.R. Banks               182,165       5,822      64,454       5,530       9,694      12,423      22,804      11,020       4,838       2,789       4,580      13,736      24,476
      Federal Reserve notes, net               1,325,147      43,805     424,359      45,118      70,015      92,031     184,870      95,329      42,342      23,866      37,139     105,224     161,050
  Reverse repurchase agreements (13)             349,857       8,869     210,024       8,702       8,411      19,002      19,701      12,999       3,648       2,128       4,545      11,270      40,559
  Deposits                                     2,739,227      83,485   1,888,065      69,950      61,757     147,534      41,366      71,317       7,073       6,167      20,990      40,185     301,338
    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                           2,504,532      83,479   1,653,520      69,947      61,754     147,457      41,357      71,312       7,036       6,167      20,989      40,184     301,329
    U.S. Treasury, General Account               212,135           0     212,135           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,243           2       5,216           2           3           9           2           1           0           0           0           1           6
    Other (14)                                    17,317           4      17,194           0           0          68           7           4          37           0           1           1           2
  Deferred availability cash items                   442           0           0           0           0           0         280           0           0         161           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,857          47       1,113          43          36         107         118          72          22          11          15          61         212
  Other liabilities and accrued             
     dividends                                     4,335         126       2,131         163         176         403         290         230         126         128         111         168         283
                                                                                                                                                                                                        
Total liabilities                              4,420,866     136,332   2,525,691     123,975     140,395     259,078     246,625     179,947      53,212      32,461      62,801     156,908     503,441
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,132       1,302       9,520       1,675       2,243       6,572       1,641         790         282         127         307         430       4,245
  Surplus                                         29,132       1,302       9,520       1,675       2,243       6,572       1,641         790         282         127         307         430       4,245
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,479,130     138,935   2,544,732     127,324     144,880     272,222     249,906     181,526      53,776      32,715      63,415     157,767     511,930

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, July 1, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  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. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. 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.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, 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   
                                                                                           Jul 1, 2015  

Federal Reserve notes outstanding                                                            1,507,312  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,165  
    Federal Reserve notes to be collateralized                                               1,325,147  
Collateral held against Federal Reserve notes                                                1,325,147  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,308,910  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,228,931  
  Less: Face value of securities under reverse repurchase agreements                           329,869  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,899,062  

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.