FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EST
December 31, 2015


Publication Note


The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect the policies under which Federal
Reserve Banks make payments of their residual net earnings to the U.S. Treasury.? The Fixing America's Surface
Transportation Act (FAST), which was enacted on December 4, 2015, requires that aggregate Federal Reserve Bank
surplus not exceed $10 billion. Therefore, any amount of aggregate Reserve Bank surplus that exceeds this limit
will be remitted to the U.S. Treasury.? The line "Interest on Federal Reserve Notes due to U.S. Treasury" on
table 6 has been replaced with "Earnings remittances due to the U.S. Treasury" and footnotes to tables 1, 5,
and 6 have been similarly modified.?                                                                        

The amounts of the line items "Other liabilities and capital" on table 1, and "Surplus" on tables 5 and 6
reflect the payment of approximately $19.3 billion to Treasury on December 28, 2015, which was necessary to
reduce aggregate Reserve Bank surplus to the $10 billion limitation in the FAST Act.                        



FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 31, 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  Dec 30, 2015 
Federal Reserve Banks                                     Dec 30, 2015 Dec 23, 2015 Dec 31, 2014              

Reserve Bank credit                                         4,454,652   -    6,136   -    5,037    4,448,420  
  Securities held outright (1)                              4,247,866   -    6,892   +    9,462    4,241,965  
    U.S. Treasury securities                                2,461,558   -       12   +      170    2,461,554  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,639            0   -       73    2,346,639  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +       65       98,534  
      Inflation compensation (3)                               16,385   -       12   +      178       16,381  
    Federal agency debt securities (2)                         32,944            0   -    5,733       32,944  
    Mortgage-backed securities (4)                          1,753,365   -    6,878   +   15,026    1,747,467  
  Unamortized premiums on securities held outright (5)        189,833   -      638   -   17,183      189,539  
  Unamortized discounts on securities held outright (5)       -16,586   +       35   +    1,820      -16,575  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           233   +      134   +       98          635  
    Primary credit                                                161   +      130   +      111          553  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                72   +        4   -       13           81  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,716            0   +       38        1,717  
  Float                                                          -211   -      147   +      225         -131  
  Central bank liquidity swaps (8)                                997   +       71   +      325          997  
  Other Federal Reserve assets (9)                             30,805   +    1,301   +      178       30,272  
Foreign currency denominated assets (10)                       19,737   +      153   -    1,312       19,757  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             47,567   +       14   +    1,266       47,567  
                                                                                                              
Total factors supplying reserve funds                       4,538,197   -    5,969   -    5,084    4,531,984  

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 30, 2015 
Federal Reserve Banks                                     Dec 30, 2015 Dec 23, 2015 Dec 31, 2014              

Currency in circulation (11)                                 1,423,739   +    7,064   +   82,218    1,426,176 
Reverse repurchase agreements (12)                             404,414   +   45,510   +   57,963      498,519 
  Foreign official and international accounts                  215,174   +    7,576   +  110,492      221,072 
  Others                                                       189,240   +   37,933   -   52,529      277,447 
Treasury cash holdings                                             256   +        5   +       59          266 
Deposits with F.R. Banks, other than reserve balances          345,010   +   52,307   +  128,165      351,987 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               290,467   +   22,859   +   98,404      324,846 
  Foreign official                                               5,380   +      149   +      166        5,231 
  Other (13)                                                    49,163   +   29,300   +   29,596       21,910 
Other liabilities and capital (14)                              58,538   -    8,522   -    4,943       46,354 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,231,956   +   96,363   +  263,461    2,323,303 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,306,241   -  102,332   -  268,543    2,208,681 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 30, 2015 
                                                          Dec 30, 2015 Dec 23, 2015 Dec 31, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,323,911   +   14,245   +   30,759    3,316,671 
  Marketable U.S. Treasury securities (1)                    3,008,473   +   16,214   +   48,488    3,001,300 
  Federal agency debt and mortgage-backed securities (2)       268,768   -    2,056   -   22,582      268,698 
  Other securities (3)                                          46,670   +       86   +    4,853       46,673 
Securities lent to dealers                                      15,804   +      875   +    4,969       16,084 
  Overnight facility (4)                                        15,804   +      875   +    4,969       16,084 
    U.S. Treasury securities                                    15,684   +      877   +    5,522       15,956 
    Federal agency debt securities                                 120   -        3   -      553          128 

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 30, 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                                          626             9             0             0             0           ...           635 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0        38,619       165,794     1,124,291       494,987       637,863     2,461,554 
  Weekly changes                                 0             0    -        1    -        2    -        1    -        8    -       12 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         3,687        13,077        13,833             0         2,347        32,944 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0           467         9,013     1,737,987     1,747,467 
  Weekly changes                                 0             0             0    -       14    -      173    -   10,104    -   10,290 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               997             0             0             0             0             0           997 
                                                                                                                                       
Reverse repurchase agreements (4)          498,519             0           ...           ...           ...           ...       498,519 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 30, 2015  

Mortgage-backed securities held outright (1)                                                                             1,747,467  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           21,419  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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 30, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,717  
                                                                                                                                    
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, 2015. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 30, 2015   Wednesday    Wednesday  
                                                        consolidation                Dec 23, 2015 Dec 31, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,887   -       10   +       14  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,415,564   -   10,391   -    9,896  
    Securities held outright (1)                                          4,241,965   -   10,302   +    5,092  
      U.S. Treasury securities                                            2,461,554   -       12   +      190  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,639            0   -       73  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +       65  
        Inflation compensation (3)                                           16,381   -       12   +      198  
      Federal agency debt securities (2)                                     32,944            0   -    5,733  
      Mortgage-backed securities (4)                                      1,747,467   -   10,290   +   10,635  
    Unamortized premiums on securities held outright  
    (5)                                                                     189,539   -      685   -   17,296  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,575   +       34   +    1,819  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       635   +      562   +      490  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,717   +        2   +       39  
  Items in process of collection                                   (0)          153   -       40   +       67  
  Bank premises                                                               2,244   +       10   -       20  
  Central bank liquidity swaps (8)                                              997   +       71   -      531  
  Foreign currency denominated assets (9)                                    19,757   +      148   -    1,314  
  Other assets (10)                                                          28,029   +      272   +      566  
                                                                                                               
Total assets                                                       (0)    4,486,587   -    9,936   -   11,073  

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 30, 2015   Wednesday    Wednesday  
                                                        consolidation                Dec 23, 2015 Dec 31, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,380,759   +    4,406   +   82,034 
  Reverse repurchase agreements (11)                                         498,519   +  108,933   -   11,318 
  Deposits                                                          (0)    2,560,670   -  103,644   -   66,339 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,208,683   -  162,396   -  169,313 
    U.S. Treasury, General Account                                           324,846   +   58,715   +  101,394 
    Foreign official                                                           5,231   +        1   -       11 
    Other (12)                                                      (0)       21,910   +       36   +    1,590 
  Deferred availability cash items                                  (0)          284   -      198   -      357 
  Other liabilities and accrued dividends (13)                                 6,903   -      166   +    2,599 
                                                                                                               
Total liabilities                                                   (0)    4,447,136   +    9,332   +    6,620 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,451   +       91   +      879 
  Surplus                                                                     10,000   -   19,360   -   18,572 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,451   -   19,269   -   17,693 

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, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, December 30, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,887          44          72          129         135         300         185         281          30          49         150         195         317
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,415,564     111,917   2,650,338      109,832     106,356     239,791     248,654     164,071      46,300      26,901      57,360     142,219     511,825
    Securities held outright (1)               4,241,965     107,532   2,546,502      105,505     101,987     230,396     238,874     157,608      44,237      25,798      55,105     136,648     491,773
      U.S. Treasury securities                 2,461,554      62,399   1,477,701       61,223      59,182     133,696     138,615      91,458      25,670      14,970      31,977      79,295     285,369
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,554      62,399   1,477,701       61,223      59,182     133,696     138,615      91,458      25,670      14,970      31,977      79,295     285,369
      Federal agency debt securities (2)          32,944         835      19,777          819         792       1,789       1,855       1,224         344         200         428       1,061       3,819
      Mortgage-backed securities (4)           1,747,467      44,297   1,049,025       43,462      42,013      94,911      98,403      64,926      18,223      10,627      22,701      56,292     202,585
    Unamortized premiums on securities held 
      outright (5)                               189,539       4,805     113,783        4,714       4,557      10,295      10,673       7,042       1,977       1,153       2,462       6,106      21,973
    Unamortized discounts on securities     
      held outright (5)                          -16,575        -420      -9,950         -412        -398        -900        -933        -616        -173        -101        -215        -534      -1,922
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            635           1           3           25         210           0          40          37         259          51           8           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,717           0       1,717            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     153           0           0            0           0           0         152           0           0           2           0           0           0
  Bank premises                                    2,244         123         441           75         106         211         207         205         118          92         240         227         198
  Central bank liquidity swaps (8)                   997          45         321           56          78         229          57          27           9           4          10          14         146
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   19,757         892       6,428        1,099       1,533       4,514       1,119         528         183          83         207         283       2,888
  Other assets (10)                               28,029         745      16,226          703         679       1,745       1,583       1,047         367         195         405       1,086       3,249
  Interdistrict settlement account                     0  -   19,015  -  136,509   +    8,178  +   25,304  +   24,331  +    8,423  +   15,865  +   11,718  +    7,130  +    3,022  +   16,195  +   35,357
                                                                                                                                                                                                         
Total assets                                   4,486,587      95,295   2,544,560      120,621     134,933     272,315     262,633     183,183      59,176      34,717      61,836     161,393     555,925

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 30, 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            1,550,070      49,569     498,600      49,447      82,942     106,863     218,815     103,187      51,747      26,870      40,808     125,643     195,578
    Less: Notes held by F.R. Banks               169,311       4,850      64,361       5,379       8,030      10,952      20,162       9,390       4,360       2,470       4,356      12,667      22,334
      Federal Reserve notes, net               1,380,759      44,719     434,240      44,068      74,912      95,911     198,653      93,798      47,387      24,399      36,452     112,976     173,244
  Reverse repurchase agreements (11)             498,519      12,637     299,267      12,399      11,986      27,076      28,073      18,522       5,199       3,032       6,476      16,059      57,794
  Deposits                                     2,560,670      35,960   1,794,889      61,702      44,719     139,640      33,097      69,479       6,020       6,839      18,351      31,536     318,438
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,208,683      35,957   1,450,337      61,700      44,716     139,497      33,087      62,229       6,011       6,839      18,350      31,532     318,428
    U.S. Treasury, General Account               324,846           0     324,846           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (12)                                    21,910           2      14,501           0           0         134           7       7,248           8           0           1           3           5
  Deferred availability cash items                   284           0           0           0           0           0         151           0           0         134           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,837          45       1,109          44          42          96         105          57          50          12          19          58         201
  Other liabilities and accrued             
     dividends                                     5,066         175       2,098         225         247         715         348         268         124         133         127         184         422
                                                                                                                                                                                                        
Total liabilities                              4,447,136      93,537   2,531,603     118,439     131,905     263,439     260,426     182,124      58,780      34,549      61,425     160,813     550,098
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,451       1,304       9,735       1,624       2,248       6,582       1,638         791         303         126         305         436       4,359
  Surplus                                         10,000         453       3,223         559         780       2,295         569         269          93          42         105         144       1,469
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,486,587      95,295   2,544,560     120,621     134,933     272,315     262,633     183,183      59,176      34,717      61,836     161,393     555,925

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 30, 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.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
9.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.                                                                            
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the
remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual
returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the
assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was
eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only
to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

                                                                                 



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 30, 2015  

Federal Reserve notes outstanding                                                            1,550,070  
  Less: Notes held by F.R. Banks not subject to collateralization                              169,311  
    Federal Reserve notes to be collateralized                                               1,380,759  
Collateral held against Federal Reserve notes                                                1,380,759  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,364,522  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,241,965  
  Less: Face value of securities under reverse repurchase agreements                           473,986  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,767,979  

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.