FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 16, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 15, 2015 
Federal Reserve Banks                                     Jul 15, 2015  Jul 8, 2015 Jul 16, 2014              

Reserve Bank credit                                         4,449,067   +    6,949   +  100,155    4,455,635  
  Securities held outright (1)                              4,233,839   +    4,825   +  110,711    4,240,941  
    U.S. Treasury securities                                2,461,190   +      131   +   51,780    2,461,238  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,641            0   +   50,473    2,346,641  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    1,286       98,534  
      Inflation compensation (3)                               16,015   +      132   +       21       16,063  
    Federal agency debt securities (2)                         35,895            0   -    7,476       35,895  
    Mortgage-backed securities (4)                          1,736,754   +    4,694   +   66,406    1,743,807  
  Unamortized premiums on securities held outright (5)        197,694   -      188   -   11,603      197,777  
  Unamortized discounts on securities held outright (5)       -17,465   +       27   +    1,073      -17,459  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           170   -       13   -       49          185  
    Primary credit                                                  2   -       11   -        2            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               168   -        2   +        3          179  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       49            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,698   +        2   +       42        1,698  
  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   -       60            0  
  Float                                                          -467   -      203   +      138         -260  
  Central bank liquidity swaps (11)                               308   +      153   +      184          308  
  Other Federal Reserve assets (12)                            33,290   +    2,346   -      196       32,445  
Foreign currency denominated assets (13)                       19,689   -       33   -    4,298       19,514  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,925   +       14   +      928       46,925  
                                                                                                              
Total factors supplying reserve funds                       4,531,923   +    6,931   +   96,786    4,538,315  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 15, 2015 
Federal Reserve Banks                                     Jul 15, 2015  Jul 8, 2015 Jul 16, 2014              

Currency in circulation (14)                                 1,370,247   -      754   +   84,783    1,370,650 
Reverse repurchase agreements (15)                             270,056   -   55,686   +   55,948      256,024 
  Foreign official and international accounts                  153,868   -    3,414   +   50,936      152,807 
  Others                                                       116,188   -   52,273   +    5,012      103,217 
Treasury cash holdings                                              81   -        3   -       61           96 
Deposits with F.R. Banks, other than reserve balances          204,487   -    2,695   -   26,853      190,919 
  Term deposits held by depository institutions                      0            0   -  152,795            0 
  U.S. Treasury, General Account                               176,411   -    6,185   +  117,027      175,706 
  Foreign official                                               5,243   -       19   -      948        5,244 
  Other (16)                                                    22,832   +    3,508   +    9,862        9,968 
Other liabilities and capital (17)                              66,915   +    1,031   +    2,518       65,481 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,911,786   -   58,107   +  116,334    1,883,170 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,620,137   +   65,037   -   19,548    2,655,145 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jul 15, 2015 
                                                          Jul 15, 2015  Jul 8, 2015 Jul 16, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,344,605   -   22,795   +   32,789    3,352,630 
  Marketable U.S. Treasury securities (1)                    3,000,959   -   22,580   +   22,414    3,009,134 
  Federal agency debt and mortgage-backed securities (2)       298,865   +      201   +    7,845      299,344 
  Other securities (3)                                          44,781   -      416   +    2,531       44,152 
Securities lent to dealers                                       9,686   -    1,401   -    2,250       10,956 
  Overnight facility (4)                                         9,686   -    1,401   -    2,250       10,956 
    U.S. Treasury securities                                     9,606   -    1,353   -    1,266       10,889 
    Federal agency debt securities                                  80   -       48   -      983           67 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 15, 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                                           59           126             0             0             0           ...           185 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,289       143,134     1,102,998       569,285       644,533     2,461,238 
  Weekly changes                                 0             0             0    +    4,905    -    4,860    +       87    +      131 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     802             0         9,997        22,749             0         2,347        35,895 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            79         9,633     1,734,096     1,743,807 
  Weekly changes                                 0             0             0             0    -       46    +   11,794    +   11,747 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               308             0             0             0             0             0           308 
                                                                                                                                       
Reverse repurchase agreements (4)          256,024             0           ...           ...           ...           ...       256,024 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 15, 2015  

Mortgage-backed securities held outright (1)                                                                             1,743,807  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,858  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 15, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,698  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 15, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jul 8, 2015 Jul 16, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,882            0   -       14  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,421,443   +   11,904   +  100,280  
    Securities held outright (1)                                          4,240,941   +   11,879   +  110,976  
      U.S. Treasury securities                                            2,461,238   +      131   +   50,899  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,641            0   +   49,663  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    1,207  
        Inflation compensation (3)                                           16,063   +      132   +       29  
      Federal agency debt securities (2)                                     35,895            0   -    6,755  
      Mortgage-backed securities (4)                                      1,743,807   +   11,747   +   66,831  
    Unamortized premiums on securities held outright  
    (5)                                                                     197,777   -        9   -   11,744  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,459   +       23   +    1,101  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       185   +       13   -       52  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,698            0   +       36  
  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   -       60  
  Items in process of collection                                   (0)           77   +        9   +        2  
  Bank premises                                                               2,241   +        1   -       21  
  Central bank liquidity swaps (10)                                             308   +      153   +      184  
  Foreign currency denominated assets (11)                                   19,514   -      326   -    4,388  
  Other assets (12)                                                          30,204   +      573   -      531  
                                                                                                               
Total assets                                                       (0)    4,493,605   +   12,316   +   95,404  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 15, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jul 8, 2015 Jul 16, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,325,699   -    1,092   +   84,412 
  Reverse repurchase agreements (13)                                         256,024   -   45,831   +   46,548 
  Deposits                                                          (0)    2,846,064   +   59,311   -   38,108 
    Term deposits held by depository institutions                                  0            0   -  152,795 
    Other deposits held by depository institutions                         2,655,145   +   69,802   +      927 
    U.S. Treasury, General Account                                           175,706   +    2,064   +  111,969 
    Foreign official                                                           5,244            0   -    1,322 
    Other (14)                                                      (0)        9,968   -   12,556   +    3,112 
  Deferred availability cash items                                  (0)          337   -       26   -      352 
  Other liabilities and accrued dividends (15)                                 7,183   -       52   +      927 
                                                                                                               
Total liabilities                                                   (0)    4,435,307   +   12,311   +   93,427 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,149   +        3   +      988 
  Surplus                                                                     29,149   +        3   +      988 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,298   +        5   +    1,977 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, July 15, 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                                             1,882          38          64          131         129         301         199         276          32          45         150         194         323
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,421,443     112,079   2,654,134      109,965     106,298     240,134     248,996     164,280      46,144      26,982      57,442     142,429     512,561
    Securities held outright (1)               4,240,941     107,506   2,545,888      105,479     101,962     230,341     238,816     157,570      44,227      25,792      55,092     136,615     491,654
      U.S. Treasury securities                 2,461,238      62,391   1,477,511       61,215      59,174     133,679     138,597      91,446      25,667      14,968      31,973      79,285     285,333
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,238      62,391   1,477,511       61,215      59,174     133,679     138,597      91,446      25,667      14,968      31,973      79,285     285,333
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,743,807      44,205   1,046,829       43,371      41,925      94,712      98,197      64,790      18,185      10,605      22,653      56,174     202,160
    Unamortized premiums on securities held 
      outright (5)                               197,777       5,014     118,728        4,919       4,755      10,742      11,137       7,348       2,063       1,203       2,569       6,371      22,928
    Unamortized discounts on securities     
      held outright (5)                          -17,459        -443     -10,481         -434        -420        -948        -983        -649        -182        -106        -227        -562      -2,024
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            185           2           0            1           0           0          26          11          37          94           7           6           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,698           0       1,698            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                      77           0           0            0           0           0          76           0           0           1           0           0           0
  Bank premises                                    2,241         126         437           73         108         216         208         204         119          94         239         220         197
  Central bank liquidity swaps (10)                  308          14          99           17          24          71          18           8           3           1           3           4          45
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,514         885       6,292        1,090       1,521       4,477       1,110         524         182          82         205         281       2,865
  Other assets (12)                               30,204         809      17,636          762         739       1,807       1,712       1,133         403         213         432       1,045       3,512
  Interdistrict settlement account                     0  +   16,671  -  101,770   +   14,359  +   32,853  +   26,411  -   11,478  +    7,960  +    7,692  +    4,194  +    3,406  +    8,277  -    8,577
                                                                                                                                                                                                         
Total assets                                   4,493,605     131,164   2,584,118      126,947     142,414     274,613     243,095     175,544      55,024      31,873      62,318     153,624     512,870

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 15, 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            1,508,227      49,491     489,184      50,586      80,513     104,369     207,261     106,269      49,045      26,749      41,790     118,657     184,313
    Less: Notes held by F.R. Banks               182,528       6,012      63,462       5,454       9,551      12,686      22,609      10,972       4,910       2,901       4,708      14,209      25,057
      Federal Reserve notes, net               1,325,699      43,480     425,722      45,133      70,962      91,684     184,651      95,298      44,135      23,848      37,083     104,448     159,256
  Reverse repurchase agreements (13)             256,024       6,490     153,694       6,368       6,155      13,906      14,417       9,512       2,670       1,557       3,326       8,247      29,681
  Deposits                                     2,846,064      78,393   1,981,628      71,877      60,590     155,372      40,057      68,824       7,496       5,987      21,150      39,814     314,875
    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                           2,655,145      78,389   1,790,846      71,875      60,587     155,309      40,048      68,820       7,460       5,987      21,149      39,810     314,867
    U.S. Treasury, General Account               175,706           0     175,706           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,244           2       5,217           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,968           2       9,859           0           0          54           7           4          36           0           1           3           2
  Deferred availability cash items                   337           0           0           0           0           0         252           0           0          85           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,627          27       1,102          26          23          25          92          64           9           9          15          56         178
  Other liabilities and accrued             
     dividends                                     5,556         172       2,903         195         198         482         344         266         143         133         130         200         391
                                                                                                                                                                                                        
Total liabilities                              4,435,307     128,561   2,565,050     123,598     137,928     261,469     239,814     173,965      54,453      31,619      61,704     152,765     504,381
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,149       1,302       9,534       1,675       2,243       6,572       1,641         790         285         127         307         430       4,245
  Surplus                                         29,149       1,302       9,534       1,675       2,243       6,572       1,641         790         285         127         307         430       4,245
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,493,605     131,164   2,584,118     126,947     142,414     274,613     243,095     175,544      55,024      31,873      62,318     153,624     512,870

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 15, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jul 15, 2015  

Federal Reserve notes outstanding                                                            1,508,227  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,528  
    Federal Reserve notes to be collateralized                                               1,325,699  
Collateral held against Federal Reserve notes                                                1,325,699  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,309,462  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,240,941  
  Less: Face value of securities under reverse repurchase agreements                           238,804  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,002,137  

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.