FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 12, 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  Mar 11, 2015 
Federal Reserve Banks                                     Mar 11, 2015  Mar 4, 2015 Mar 12, 2014              

Reserve Bank credit                                         4,450,384   +    1,684   +  315,841    4,451,160  
  Securities held outright (1)                              4,237,058   -      124   +  322,549    4,237,037  
    U.S. Treasury securities                                2,459,952   -      130   +  166,977    2,459,908  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  160,807    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    4,861       98,469  
      Inflation compensation (3)                               14,772   -      130   +    1,310       14,728  
    Federal agency debt securities (2)                         36,877            0   -   14,534       36,877  
    Mortgage-backed securities (4)                          1,740,229   +        6   +  170,106    1,740,252  
  Unamortized premiums on securities held outright (5)        204,046   -      364   -    4,866      203,921  
  Unamortized discounts on securities held outright (5)       -18,072   +       32   -    1,959      -18,061  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            18   -        1   -       87            9  
    Primary credit                                                 12   -        3   +        6            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 6   +        2   +        1            8  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       95            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,687   +        1   +      105        1,692  
  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   -      105            0  
  Float                                                          -493   -       63   +      182         -594  
  Central bank liquidity swaps (11)                                 2   +        2   -      455            2  
  Other Federal Reserve assets (12)                            26,139   +    2,202   +      563       27,153  
Foreign currency denominated assets (13)                       19,518   -      499   -    4,592       19,226  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,441   +       14   +      739       46,441  
                                                                                                              
Total factors supplying reserve funds                       4,532,585   +    1,200   +  311,989    4,533,068  

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  Mar 11, 2015 
Federal Reserve Banks                                     Mar 11, 2015  Mar 4, 2015 Mar 12, 2014              

Currency in circulation (14)                                 1,354,813   +    2,587   +   94,680    1,356,049 
Reverse repurchase agreements (15)                             263,957   -   50,402   +  104,374      265,299 
  Foreign official and international accounts                  132,374   -      590   +   35,588      130,910 
  Others                                                       131,583   -   49,812   +   68,786      134,389 
Treasury cash holdings                                             212   -        4   -       60          210 
Deposits with F.R. Banks, other than reserve balances          160,516   -  117,417   +   75,718      155,037 
  Term deposits held by depository institutions                107,229   -  108,838   +   93,687      107,229 
  U.S. Treasury, General Account                                39,431   -   10,372   -   16,710       27,237 
  Foreign official                                               5,223   +        1   -    1,621        5,236 
  Other (16)                                                     8,633   +    1,793   +      363       15,334 
Other liabilities and capital (17)                              64,830   +      274   +    1,040       63,780 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,844,328   -  164,962   +  275,753    1,840,375 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,688,257   +  166,162   +   36,236    2,692,693 

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  Mar 11, 2015 
                                                          Mar 11, 2015  Mar 4, 2015 Mar 12, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,247,938   -    7,635   -   25,791    3,234,307 
  Marketable U.S. Treasury securities (1)                    2,919,570   -    8,420   -    2,429    2,906,153 
  Federal agency debt and mortgage-backed securities (2)       284,803   +      522   -   21,770      284,553 
  Other securities (3)                                          43,564   +      262   -    1,592       43,602 
Securities lent to dealers                                      12,135   -      406   +      463       11,451 
  Overnight facility (4)                                        12,135   -      406   +      463       11,451 
    U.S. Treasury securities                                    11,656   -      423   +    1,398       10,988 
    Federal agency debt securities                                 479   +       17   -      934          463 

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, March 11, 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                                            5             4             0             0             0           ...             9 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1         1,900        40,235     1,125,205       649,278       643,289     2,459,908 
  Weekly changes                                 0             0             0    -       17    -       24    -       79    -      120 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         4,577        28,971             0         2,347        36,877 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            16         8,510     1,731,726     1,740,252 
  Weekly changes                                 0             0             0             0             0    +       27    +       27 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          265,299             0           ...           ...           ...           ...       265,299 
Term deposits                              107,229             0             0           ...           ...           ...       107,229 

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   
                                                                                                                      Mar 11, 2015  

Mortgage-backed securities held outright (1)                                                                             1,740,252  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           35,630  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   39  



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   
                                                                                                                      Mar 11, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,692  
                                                                                                                                    
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 December 31, 2014. 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       Mar 11, 2015   Wednesday    Wednesday  
                                                        consolidation                 Mar 4, 2015 Mar 12, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,860   -       10   -      107  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,422,906   -      402   +  312,808  
    Securities held outright (1)                                          4,237,037   -       93   +  319,559  
      U.S. Treasury securities                                            2,459,908   -      120   +  163,970  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711            0   +  157,876  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    4,861  
        Inflation compensation (3)                                           14,728   -      121   +    1,233  
      Federal agency debt securities (2)                                     36,877            0   -   14,534  
      Mortgage-backed securities (4)                                      1,740,252   +       27   +  170,123  
    Unamortized premiums on securities held outright  
    (5)                                                                     203,921   -      330   -    4,876  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,061   +       30   -    1,779  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         9   -        9   -       95  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,692   +        6   +      107  
  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   -      105  
  Items in process of collection                                   (0)          202   -        8   +      111  
  Bank premises                                                               2,248   +        1   -       27  
  Central bank liquidity swaps (10)                                               2   +        2   -      455  
  Foreign currency denominated assets (11)                                   19,226   -      650   -    4,960  
  Other assets (12)                                                          24,905   +    2,758   +      630  
                                                                                                               
Total assets                                                       (0)    4,489,279   +    1,696   +  307,918  

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       Mar 11, 2015   Wednesday    Wednesday  
                                                        consolidation                 Mar 4, 2015 Mar 12, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,311,673   +    1,250   +   93,104 
  Reverse repurchase agreements (13)                                         265,299   -   11,869   +  103,672 
  Deposits                                                          (0)    2,847,730   +   12,639   +  110,092 
    Term deposits held by depository institutions                            107,229   -  108,838   +   93,687 
    Other deposits held by depository institutions                         2,692,693   +  138,024   +   30,007 
    U.S. Treasury, General Account                                            27,237   -   25,209   -   15,560 
    Foreign official                                                           5,236   +       24   -    1,334 
    Other (14)                                                      (0)       15,334   +    8,637   +    3,291 
  Deferred availability cash items                                  (0)          796   +      130   -       26 
  Other liabilities and accrued dividends (15)                                 6,203   -      464   -      426 
                                                                                                               
Total liabilities                                                   (0)    4,431,702   +    1,688   +  306,417 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,788   +        3   +      750 
  Surplus                                                                     28,788   +        3   +      750 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,577   +        8   +    1,501 

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, March 11, 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         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,860          40          71          133         120         305         187         278          19          46         153         181         326
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,422,906      89,471   2,714,613      105,959      96,567     247,199     244,495     180,771      54,553      27,108      58,260     134,767     469,141
    Securities held outright (1)               4,237,037      85,708   2,600,539      101,506      92,509     236,811     234,221     173,174      52,261      25,966      55,812     129,104     449,427
      U.S. Treasury securities                 2,459,908      49,760   1,509,802       58,932      53,708     137,486     135,982     100,540      30,341      15,075      32,403      74,954     260,925
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,908      49,760   1,509,802       58,932      53,708     137,486     135,982     100,540      30,341      15,075      32,403      74,954     260,925
      Federal agency debt securities (2)          36,877         746      22,634          883         805       2,061       2,039       1,507         455         226         486       1,124       3,912
      Mortgage-backed securities (4)           1,740,252      35,202   1,068,103       41,691      37,996      97,264      96,200      71,127      21,465      10,665      22,923      53,026     184,590
    Unamortized premiums on securities held 
      outright (5)                               203,921       4,125     125,159        4,885       4,452      11,397      11,273       8,335       2,515       1,250       2,686       6,214      21,630
    Unamortized discounts on securities     
      held outright (5)                          -18,061        -365     -11,085         -433        -394      -1,009        -998        -738        -223        -111        -238        -550      -1,916
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              9           4           0            0           0           0           0           1           0           3           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,692           0       1,692            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                     202           0           0            0           0           0         201           1           0           0           0           0           0
  Bank premises                                    2,248         124         432           75         110         219         210         201         121          95         240         222         200
  Central bank liquidity swaps (10)                    2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,226         872       6,199        1,074       1,499       4,411       1,094         516         179          81         202         277       2,823
  Other assets (12)                               24,905         546      14,709          604         553       1,557       1,401       1,024         519         181         356         815       2,640
  Interdistrict settlement account                     0  +   25,302  -  228,466   +   13,267  +   36,265  +   14,746  +    6,637  -    5,726  -       39  +    6,691  +    9,608  +   26,994  +   94,721
                                                                                                                                                                                                         
Total assets                                   4,489,279     116,902   2,515,194      121,659     135,816     269,674     256,228     178,196      55,780      34,465      69,264     164,418     571,683

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, March 11, 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            1,494,413      50,377     473,519      49,545      72,653     104,956     211,321     105,878      44,694      26,536      42,036     121,893     191,006
    Less: Notes held by F.R. Banks               182,740       5,199      65,460       5,651      10,081      12,311      22,268      11,591       4,541       3,332       5,399      13,089      23,816
      Federal Reserve notes, net               1,311,673      45,178     408,058      43,895      62,571      92,645     189,053      94,287      40,153      23,204      36,636     108,803     167,190
  Reverse repurchase agreements (13)             265,299       5,367     162,831       6,356       5,792      14,828      14,666      10,843       3,272       1,626       3,495       8,084      28,141
  Deposits                                     2,847,730      63,626   1,922,116      67,999      62,802     148,598      48,367      71,219      11,672       8,966      28,402      46,478     367,484
    Term deposits held by depository        
        institutions                             107,229          35      49,762      27,870         100       1,017         425       5,020          25           0         775         650      21,550
    Other deposits held by depository       
        institutions                           2,692,693      63,586   1,824,784      40,102      62,699     147,419      47,931      66,185      11,646       8,966      27,626      45,827     345,924
    U.S. Treasury, General Account                27,237           0      27,237           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,236           2       5,209           2           3           9           2           1           0           0           0           1           6
    Other (14)                                    15,334           3      15,124          25           0         153           9          13           0           0           1           1           4
  Deferred availability cash items                   796           0           0           0           0           0         506           0           0         289           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,426          10       1,095          11          -8         -20          68          65          17           9          16          49         111
  Other liabilities and accrued             
     dividends (16)                                4,778         139       2,390         184         193         495         299         237         122         129         112         168         310
                                                                                                                                                                                                        
Total liabilities                              4,431,702     114,320   2,496,491     118,445     131,352     256,544     252,960     176,651      55,236      34,224      68,661     163,583     563,236
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,788       1,291       9,352       1,607       2,232       6,565       1,634         772         272         121         301         418       4,224
  Surplus                                         28,788       1,291       9,352       1,607       2,232       6,565       1,634         772         272         121         301         418       4,224
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,489,279     116,902   2,515,194     121,659     135,816     269,674     256,228     178,196      55,780      34,465      69,264     164,418     571,683

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, March 11, 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   
                                                                                          Mar 11, 2015  

Federal Reserve notes outstanding                                                            1,494,413  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,740  
    Federal Reserve notes to be collateralized                                               1,311,673  
Collateral held against Federal Reserve notes                                                1,311,673  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,295,437  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,037  
  Less: Face value of securities under reverse repurchase agreements                           243,740  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,993,296  

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.