FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 February 5, 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   Feb 4, 2015 
Federal Reserve Banks                                      Feb 4, 2015 Jan 28, 2015  Feb 5, 2014              

Reserve Bank credit                                         4,461,489   -    7,260   +  398,695    4,461,184  
  Securities held outright (1)                              4,236,986   -    6,981   +  403,321    4,236,920  
    U.S. Treasury securities                                2,460,720   -      136   +  213,694    2,460,652  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711   -        1   +  205,633    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    5,854       98,469  
      Inflation compensation (3)                               15,540   -      135   +    2,207       15,472  
    Federal agency debt securities (2)                         37,588            0   -   16,823       37,588  
    Mortgage-backed securities (4)                          1,738,678   -    6,846   +  206,450    1,738,680  
  Unamortized premiums on securities held outright (5)        205,530   -      549   -    3,204      205,371  
  Unamortized discounts on securities held outright (5)       -18,240   +       33   -    4,062      -18,227  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            50   +       11   -       58           14  
    Primary credit                                                 44   +       13   +       39           11  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 5   -        4   -        3            3  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       96            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,686   +        5   +      107        1,686  
  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   -      108            0  
  Float                                                          -382   -       15   +      132         -466  
  Central bank liquidity swaps (11)                                 0   -        2   -      359            0  
  Other Federal Reserve assets (12)                            35,859   +      240   +    3,012       35,887  
Foreign currency denominated assets (13)                       20,328   +       56   -    3,529       20,396  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,425   +       14   +      817       46,425  
                                                                                                              
Total factors supplying reserve funds                       4,544,483   -    7,189   +  395,984    4,544,246  

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   Feb 4, 2015 
Federal Reserve Banks                                      Feb 4, 2015 Jan 28, 2015  Feb 5, 2014              

Currency in circulation (14)                                 1,331,027   +    2,052   +  102,392    1,335,044 
Reverse repurchase agreements (15)                             285,328   +   27,846   +   88,963      265,650 
  Foreign official and international accounts                  122,203   +    6,238   +   23,101      120,000 
  Others                                                       163,126   +   21,609   +   65,863      145,650 
Treasury cash holdings                                             202   -       14   -       59          202 
Deposits with F.R. Banks, other than reserve balances          180,792   -   56,663   +   63,283      171,668 
  Term deposits held by depository institutions                      0            0   -   12,822            0 
  U.S. Treasury, General Account                               167,272   -   33,920   +   87,191      157,250 
  Foreign official                                               5,324   +       94   -    2,647        5,213 
  Other (16)                                                     8,196   -   22,837   -    8,439        9,204 
Other liabilities and capital (17)                              62,870   +      479   -      584       62,872 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,860,220   -   26,299   +  253,996    1,835,435 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,684,263   +   19,110   +  141,987    2,708,811 

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   Feb 4, 2015 
                                                           Feb 4, 2015 Jan 28, 2015  Feb 5, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,257,883   -   12,988   -   66,277    3,257,215 
  Marketable U.S. Treasury securities (1)                    2,928,578   -   13,571   -   43,576    2,927,711 
  Federal agency debt and mortgage-backed securities (2)       286,786   +      518   -   20,349      286,871 
  Other securities (3)                                          42,520   +       66   -    2,351       42,633 
Securities lent to dealers                                       8,899   -    1,438   -    1,623       10,311 
  Overnight facility (4)                                         8,899   -    1,438   -    1,623       10,311 
    U.S. Treasury securities                                     8,454   -    1,410   -      907        9,880 
    Federal agency debt securities                                 446   -       26   -      715          431 

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, February 4, 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                                           11             3             0             0             0           ...            14 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       2           453         4,976     1,118,003       687,683       649,534     2,460,652 
  Weekly changes                        +        2    +      447    +    1,462    +    4,082    -    6,044    -      101    -      152 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     711           982         4,577        28,971             0         2,347        37,588 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         7,875     1,730,790     1,738,680 
  Weekly changes                                 0             0             0    +        1    +    1,139    -    1,132    +        8 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          265,650             0           ...           ...           ...           ...       265,650 
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   
                                                                                                                       Feb 4, 2015  

Mortgage-backed securities held outright (1)                                                                             1,738,680  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           31,265  
Commitments to sell mortgage-backed securities (2)                                                                             377  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   22  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Feb 4, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,686  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Feb 4, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 28, 2015  Feb 5, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,955   +        4   -       82  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,424,078   -      500   +  393,116  
    Securities held outright (1)                                          4,236,920   -      144   +  400,305  
      U.S. Treasury securities                                            2,460,652   -      152   +  207,679  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711   -        1   +  199,683  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    5,854  
        Inflation compensation (3)                                           15,472   -      152   +    2,141  
      Federal agency debt securities (2)                                     37,588            0   -   13,823  
      Mortgage-backed securities (4)                                      1,738,680   +        8   +  206,449  
    Unamortized premiums on securities held outright  
    (5)                                                                     205,371   -      371   -    3,261  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,227   +       31   -    3,838  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        14   -       16   -       89  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686            0   +      107  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -      108  
  Items in process of collection                                   (0)          110   -       28   -       15  
  Bank premises                                                               2,253   -        9   -       27  
  Central bank liquidity swaps (10)                                               0   -        1   -      359  
  Foreign currency denominated assets (11)                                   20,396   +       94   -    3,484  
  Other assets (12)                                                          33,634   +      722   +    2,001  
                                                                                                               
Total assets                                                       (0)    4,500,348   +      284   +  391,063  

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        Feb 4, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 28, 2015  Feb 5, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,290,772   +    4,955   +  103,621 
  Reverse repurchase agreements (13)                                         265,650   -   15,840   +   69,536 
  Deposits                                                          (0)    2,880,478   +   10,267   +  218,342 
    Term deposits held by depository institutions                                  0            0   -   12,822 
    Other deposits held by depository institutions                         2,708,811   +   46,231   +  161,911 
    U.S. Treasury, General Account                                           157,250   -   37,061   +   79,827 
    Foreign official                                                           5,213   +        2   -    2,758 
    Other (14)                                                      (0)        9,204   +    1,096   -    7,816 
  Deferred availability cash items                                  (0)          576   +       91   -      196 
  Other liabilities and accrued dividends (15)                                 5,660   +      745   -    2,311 
                                                                                                               
Total liabilities                                                   (0)    4,443,136   +      219   +  388,992 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,606   +       33   +    1,035 
  Surplus                                                                     28,606   +       33   +    1,035 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,212   +       65   +    2,071 

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, February 4, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,955          33          80          130         127         313         210         286          24          47         158         194         351
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,424,078      89,491   2,715,339      105,987      96,593     247,264     244,560     180,819      54,568      27,112      58,277     134,802     469,265
    Securities held outright (1)               4,236,920      85,705   2,600,467      101,504      92,507     236,804     234,214     173,169      52,259      25,965      55,810     129,100     449,414
      U.S. Treasury securities                 2,460,652      49,775   1,510,258       58,950      53,725     137,528     136,023     100,570      30,350      15,080      32,413      74,977     261,004
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,652      49,775   1,510,258       58,950      53,725     137,528     136,023     100,570      30,350      15,080      32,413      74,977     261,004
      Federal agency debt securities (2)          37,588         760      23,070          900         821       2,101       2,078       1,536         464         230         495       1,145       3,987
      Mortgage-backed securities (4)           1,738,680      35,170   1,067,138       41,653      37,961      97,176      96,113      71,062      21,445      10,655      22,902      52,978     184,424
    Unamortized premiums on securities held 
      outright (5)                               205,371       4,154     126,049        4,920       4,484      11,478      11,353       8,394       2,533       1,259       2,705       6,258      21,784
    Unamortized discounts on securities     
      held outright (5)                          -18,227        -369     -11,187         -437        -398      -1,019      -1,008        -745        -225        -112        -240        -555      -1,933
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             14           0          10            0           0           0           0           2           1           0           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,686           0       1,686            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                     110           0           0            0           0           0         109           0           0           0           0           0           0
  Bank premises                                    2,253         124         435           75         110         219         211         200         121          95         241         222         200
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,396         925       6,576        1,140       1,590       4,680       1,160         548         190          86         215         294       2,995
  Other assets (12)                               33,634         731      20,106          820         752       2,063       1,892       1,388         497         244         482       1,077       3,580
  Interdistrict settlement account                     0  +   28,769  -  159,350   +    2,526  +   23,506  +   10,087  -    2,011  -    5,922  -    2,618  +    5,567  +    6,294  +   19,410  +   73,740
                                                                                                                                                                                                         
Total assets                                   4,500,348     120,621   2,590,814      111,226     123,379     265,862     248,135     178,450      53,211      33,415      66,111     157,161     551,962

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, February 4, 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            1,485,780      48,801     475,564      48,664      71,333     104,630     212,142     102,847      43,226      25,579      40,814     121,529     190,652
    Less: Notes held by F.R. Banks               195,008       5,804      67,423       6,050      10,320      12,931      24,074      12,225       5,148       3,131       5,438      15,302      27,162
      Federal Reserve notes, net               1,290,772      42,996     408,141      42,614      61,013      91,700     188,068      90,622      38,077      22,447      35,376     106,227     163,491
  Reverse repurchase agreements (13)             265,650       5,374     163,046       6,364       5,800      14,847      14,685      10,857       3,277       1,628       3,499       8,094      28,178
  Deposits                                     2,880,478      69,486   1,998,657      58,834      51,883     145,613      41,249      75,112      11,170       8,846      26,482      41,792     351,355
    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                           2,708,811      69,479   1,827,244      58,807      51,879     145,431      41,240      75,099      11,170       8,846      26,480      41,789     351,345
    U.S. Treasury, General Account               157,250           0     157,250           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,213           2       5,185           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,204           5       8,978          24           0         172           7          12           0           0           1           2           4
  Deferred availability cash items                   576           0           0           0           0           0         461           0           0         115           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                           927          42         126          47          43         122         125          84          34          14          48          58         183
  Other liabilities and accrued             
     dividends (16)                                4,733         132       2,428         173         179         466         291         238         119         125         106         168         309
                                                                                                                                                                                                        
Total liabilities                              4,443,136     118,030   2,572,399     108,032     118,917     252,747     244,878     176,914      52,677      33,175      65,511     156,339     543,515
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,606       1,296       9,208       1,597       2,231       6,557       1,629         768         267         120         300         411       4,224
  Surplus                                         28,606       1,296       9,208       1,597       2,231       6,557       1,629         768         267         120         300         411       4,224
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,500,348     120,621   2,590,814     111,226     123,379     265,862     248,135     178,450      53,211      33,415      66,111     157,161     551,962

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, February 4, 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   
                                                                                           Feb 4, 2015  

Federal Reserve notes outstanding                                                            1,485,780  
  Less: Notes held by F.R. Banks not subject to collateralization                              195,008  
    Federal Reserve notes to be collateralized                                               1,290,772  
Collateral held against Federal Reserve notes                                                1,290,772  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,274,535  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,236,920  
  Less: Face value of securities under reverse repurchase agreements                           238,348  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,998,572  

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.