FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 December 4, 2014


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   Dec 3, 2014 
Federal Reserve Banks                                      Dec 3, 2014 Nov 26, 2014  Dec 4, 2013              

Reserve Bank credit                                         4,445,998   -    7,582   +  561,608    4,446,176  
  Securities held outright (1)                              4,230,121   -    7,052   +  567,137    4,230,106  
    U.S. Treasury securities                                2,461,644   +        9   +  296,892    2,461,625  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,713            0   +  285,681    2,346,713  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    8,490       98,469  
      Inflation compensation (3)                               16,463   +       10   +    2,722       16,444  
    Federal agency debt securities (2)                         38,677            0   -   19,695       38,677  
    Mortgage-backed securities (4)                          1,729,800   -    7,061   +  289,940    1,729,804  
  Unamortized premiums on securities held outright (5)        207,952   -      571   +      356      207,816  
  Unamortized discounts on securities held outright (5)       -18,540   +       34   -    8,288      -18,529  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           105   -       16   -       61           99  
    Primary credit                                                  8   -        2   +        4            9  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                97   -       14   +       34           90  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       98            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,681            0   +      164        1,681  
  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   -      110            0  
  Float                                                          -716   -      149   +       42         -637  
  Central bank liquidity swaps (11)                                 1            0   -      271            1  
  Other Federal Reserve assets (12)                            25,394   +      171   +    2,724       25,638  
Foreign currency denominated assets (13)                       21,432   -       51   -    2,451       21,206  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,286   +       14   +      803       46,286  
                                                                                                              
Total factors supplying reserve funds                       4,529,957   -    7,619   +  559,960    4,529,909  

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   Dec 3, 2014 
Federal Reserve Banks                                      Dec 3, 2014 Nov 26, 2014  Dec 4, 2013              

Currency in circulation (14)                                 1,317,978   +    4,854   +   89,951    1,318,745 
Reverse repurchase agreements (15)                             264,112   +    9,289   +  147,535      261,881 
  Foreign official and international accounts                  100,619   -       66   -    1,956       95,553 
  Others                                                       163,493   +    9,355   +  149,492      166,328 
Treasury cash holdings                                             189   +        4   -       36          193 
Deposits with F.R. Banks, other than reserve balances          434,692   +   15,842   +  365,668      407,308 
  Term deposits held by depository institutions                334,714   +   16,023   +  321,182      334,714 
  U.S. Treasury, General Account                                87,426   +    7,657   +   49,479       57,606 
  Foreign official                                               5,249   -        5   -    3,486        5,249 
  Other (16)                                                     7,303   -    7,833   -    1,508        9,739 
Other liabilities and capital (17)                              63,542   -      479   +        7       62,329 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,080,514   +   29,512   +  603,126    2,050,456 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,449,444   -   37,130   -   43,165    2,479,454 

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   Dec 3, 2014 
                                                           Dec 3, 2014 Nov 26, 2014  Dec 4, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,321,748   +    7,805   -   39,427    3,324,443 
  Marketable U.S. Treasury securities (1)                    2,978,913   +    6,632   -   20,715    2,981,840 
  Federal agency debt and mortgage-backed securities (2)       300,311   +      685   -   18,464      300,425 
  Other securities (3)                                          42,524   +      488   -      248       42,178 
Securities lent to dealers                                       9,566   -       79   -    4,054       11,626 
  Overnight facility (4)                                         9,566   -       79   -    4,054       11,626 
    U.S. Treasury securities                                     8,922   -        3   -    3,585       10,949 
    Federal agency debt securities                                 644   -       76   -      469          677 

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, December 3, 2014    

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                                           29            70             0             0             0           ...            99 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             4         3,517     1,105,881       693,743       658,481     2,461,625 
  Weekly changes                                 0             0             0    +    6,981    -    6,986    -       14    -       20 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,800         3,933        30,597             0         2,347        38,677 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            13         5,567     1,724,224     1,729,804 
  Weekly changes                                 0             0             0    +        2    -        1    +       14    +       14 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 1             0             0             0             0             0             1 
                                                                                                                                       
Reverse repurchase agreements (4)          261,881             0           ...           ...           ...           ...       261,881 
Term deposits                              334,714             0             0           ...           ...           ...       334,714 

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   
                                                                                                                       Dec 3, 2014  

Mortgage-backed securities held outright (1)                                                                             1,729,804  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           38,863  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   22  



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   
                                                                                                                       Dec 3, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,681  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 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        Dec 3, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 26, 2014  Dec 4, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,839   -        2   -       87  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,419,493   -      308   +  553,952  
    Securities held outright (1)                                          4,230,106   -        6   +  562,082  
      U.S. Treasury securities                                            2,461,625   -       20   +  291,837  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,713            0   +  280,623  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    8,490  
        Inflation compensation (3)                                           16,444   -       19   +    2,725  
      Federal agency debt securities (2)                                     38,677            0   -   19,695  
      Mortgage-backed securities (4)                                      1,729,804   +       14   +  289,940  
    Unamortized premiums on securities held outright  
    (5)                                                                     207,816   -      317   +       48  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,529   +       26   -    8,117  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        99   -       12   -       62  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,681            0   +      162  
  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   -      110  
  Items in process of collection                                   (0)           96   +        8   +        2  
  Bank premises                                                               2,260   -        5   -       24  
  Central bank liquidity swaps (10)                                               1            0   -      271  
  Foreign currency denominated assets (11)                                   21,206   -      362   -    2,600  
  Other assets (12)                                                          23,378   +      929   +    2,625  
                                                                                                               
Total assets                                                       (0)    4,486,190   +      259   +  553,564  

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        Dec 3, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 26, 2014  Dec 4, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,274,486   +    1,292   +   89,226 
  Reverse repurchase agreements (13)                                         261,881   +   10,408   +  152,289 
  Deposits                                                          (0)    2,886,762   -   10,622   +  312,352 
    Term deposits held by depository institutions                            334,714            0   +  321,182 
    Other deposits held by depository institutions                         2,479,454   +      159   -   31,172 
    U.S. Treasury, General Account                                            57,606   -   14,295   +   25,227 
    Foreign official                                                           5,249   -        1   -    3,485 
    Other (14)                                                      (0)        9,739   +    3,515   +      600 
  Deferred availability cash items                                  (0)          733   -        2   -      105 
  Other liabilities and accrued dividends (15)                                 5,742   -      819   -    1,805 
                                                                                                               
Total liabilities                                                   (0)    4,429,604   +      258   +  551,957 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,293   +        1   +      803 
  Surplus                                                                     28,293   +        1   +      803 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,587   +        2   +    1,607 

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, December 3, 2014
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                                             1,839          29          76          124         114         304         208         268          22          43         151         174         327
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,419,493      89,400   2,712,464      105,875      96,491     247,003     244,316     180,630      54,512      27,127      58,237     134,667     468,772
    Securities held outright (1)               4,230,106      85,568   2,596,285      101,340      92,358     236,424     233,838     172,890      52,175      25,924      55,720     128,892     448,692
      U.S. Treasury securities                 2,461,625      49,794   1,510,856       58,973      53,746     137,582     136,077     100,610      30,362      15,086      32,425      75,006     261,107
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,625      49,794   1,510,856       58,973      53,746     137,582     136,077     100,610      30,362      15,086      32,425      75,006     261,107
      Federal agency debt securities (2)          38,677         782      23,739          927         844       2,162       2,138       1,581         477         237         509       1,178       4,103
      Mortgage-backed securities (4)           1,729,804      34,991   1,061,691       41,441      37,768      96,680      95,623      70,700      21,336      10,601      22,786      52,708     183,482
    Unamortized premiums on securities held 
      outright (5)                               207,816       4,204     127,550        4,979       4,537      11,615      11,488       8,494       2,563       1,274       2,737       6,332      22,043
    Unamortized discounts on securities     
      held outright (5)                          -18,529        -375     -11,372         -444        -405      -1,036      -1,024        -757        -229        -114        -244        -565      -1,965
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             99           3           1            0           0           0          14           3           2          43          24           7           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,681           0       1,681            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                      96           0           0            0           0           0          95           0           0           1           0           0           0
  Bank premises                                    2,260         123         438           74         110         220         212         199         122          96         242         224         201
  Central bank liquidity swaps (10)                    1           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  21,206         964       6,822        1,594       1,686       4,421       1,219         585         178          90         223         354       3,068
  Other assets (12)                               23,378         500      14,056          681         505       1,435       1,286         943         334         175         328         728       2,406
  Interdistrict settlement account                     0  +   16,804  -  118,411   +      761  +   21,693  -    9,805  +    8,158  -    9,275  -    5,462  +    1,826  +      474  +   19,327  +   73,910
                                                                                                                                                                                                         
Total assets                                   4,486,190     108,369   2,623,069      109,657     121,300     244,815     257,496     174,481      50,134      29,620      60,099     156,636     550,514

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, December 3, 2014 (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            1,464,786      45,119     478,245      45,767      68,351     103,091     214,667     100,574      40,677      22,286      37,694     119,864     188,451
    Less: Notes held by F.R. Banks               190,300       5,184      67,502       5,295       8,863      11,594      22,443      10,764       4,848       3,447       5,202      18,110      27,049
      Federal Reserve notes, net               1,274,486      39,935     410,743      40,471      59,488      91,498     192,224      89,810      35,830      18,838      32,493     101,754     161,402
  Reverse repurchase agreements (13)             261,881       5,297     160,733       6,274       5,718      14,637      14,477      10,703       3,230       1,605       3,450       7,980      27,778
  Deposits                                     2,886,762      60,375   2,030,539      59,510      51,424     125,482      46,486      72,133      10,394       8,725      23,418      45,858     352,419
    Term deposits held by depository        
        institutions                             334,714          91     232,910      30,338       9,450      10,026         840      18,190         428         181       3,857       3,605      24,799
    Other deposits held by depository       
        institutions                           2,479,454      60,281   1,725,373      29,137      41,971     115,194      45,637      53,929       9,966       8,544      19,559      42,250     327,612
    U.S. Treasury, General Account                57,606           0      57,606           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,249           2       5,222           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     9,739           1       9,428          32           0         253           6          13           0           0           1           2           2
  Deferred availability cash items                   733           0           0           0           0           0         646           0           0          87           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,407          17       1,007           8           4          15          84          55          16           7          16          48         129
  Other liabilities and accrued             
     dividends (16)                                4,335         166       1,651         201         217         579         328         248         134         117         122         177         396
                                                                                                                                                                                                        
Total liabilities                              4,429,604     105,790   2,604,673     106,464     116,851     232,211     254,244     172,950      49,604      29,380      59,498     155,817     542,123
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,293       1,289       9,198       1,597       2,224       6,302       1,626         766         265         120         301         410       4,196
  Surplus                                         28,293       1,289       9,198       1,597       2,224       6,302       1,626         766         265         120         301         410       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,486,190     108,369   2,623,069     109,657     121,300     244,815     257,496     174,481      50,134      29,620      60,099     156,636     550,514

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, December 3, 2014 (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   
                                                                                           Dec 3, 2014  

Federal Reserve notes outstanding                                                            1,464,786  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,300  
    Federal Reserve notes to be collateralized                                               1,274,486  
Collateral held against Federal Reserve notes                                                1,274,486  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,258,249  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,106  
  Less: Face value of securities under reverse repurchase agreements                           245,004  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,985,103  

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.