FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 11, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 10, 2014 
Federal Reserve Banks                                     Dec 10, 2014  Dec 3, 2014 Dec 11, 2013              

Reserve Bank credit                                         4,447,760   +    1,762   +  542,291    4,448,719  
  Securities held outright (1)                              4,230,075   -       46   +  547,811    4,230,053  
    U.S. Treasury securities                                2,461,584   -       60   +  283,566    2,461,560  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,713            0   +  272,561    2,346,713  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    8,290       98,469  
      Inflation compensation (3)                               16,403   -       60   +    2,717       16,379  
    Federal agency debt securities (2)                         38,677            0   -   19,531       38,677  
    Mortgage-backed securities (4)                          1,729,814   +       14   +  283,775    1,729,816  
  Unamortized premiums on securities held outright (5)        207,602   -      350   -      285      207,473  
  Unamortized discounts on securities held outright (5)       -18,509   +       31   -    7,774      -18,498  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           100   -        5   -       69          117  
    Primary credit                                                  7   -        1   -        6           22  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                93   -        4   +       35           94  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       98            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,681            0   +      161        1,681  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      109            0  
  Float                                                          -584   +      132   +       77         -543  
  Central bank liquidity swaps (11)                                 2   +        1   -      270            2  
  Other Federal Reserve assets (12)                            27,394   +    2,000   +    2,835       28,433  
Foreign currency denominated assets (13)                       21,230   -      202   -    2,736       21,425  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,300   +       14   +      814       46,300  
                                                                                                              
Total factors supplying reserve funds                       4,531,532   +    1,575   +  540,370    4,532,685  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 10, 2014 
Federal Reserve Banks                                     Dec 10, 2014  Dec 3, 2014 Dec 11, 2013              

Currency in circulation (14)                                 1,318,401   +      423   +   90,852    1,321,672 
Reverse repurchase agreements (15)                             239,906   -   24,206   +  127,011      247,353 
  Foreign official and international accounts                   92,300   -    8,319   -    8,098       92,031 
  Others                                                       147,606   -   15,887   +  135,109      155,322 
Treasury cash holdings                                             192   +        3   -       37          187 
Deposits with F.R. Banks, other than reserve balances          475,906   +   41,214   +  413,734      470,535 
  Term deposits held by depository institutions                402,153   +   67,439   +  388,621      402,153 
  U.S. Treasury, General Account                                60,092   -   27,334   +   31,100       48,807 
  Foreign official                                               5,219   -       30   -    2,908        5,252 
  Other (16)                                                     8,443   +    1,140   -    3,078       14,323 
Other liabilities and capital (17)                              63,988   +      446   -      304       64,004 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,098,394   +   17,880   +  631,256    2,103,751 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,433,138   -   16,306   -   90,886    2,428,934 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 10, 2014 
                                                          Dec 10, 2014  Dec 3, 2014 Dec 11, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,324,216   +    2,468   -   43,799    3,324,395 
  Marketable U.S. Treasury securities (1)                    2,981,547   +    2,634   -   25,333    2,981,922 
  Federal agency debt and mortgage-backed securities (2)       300,592   +      281   -   17,463      300,646 
  Other securities (3)                                          42,076   -      448   -    1,004       41,827 
Securities lent to dealers                                      11,630   +    2,064   +       50       11,830 
  Overnight facility (4)                                        11,630   +    2,064   +       50       11,830 
    U.S. Treasury securities                                    10,984   +    2,062   +      336       11,150 
    Federal agency debt securities                                 646   +        2   -      286          680 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 10, 2014   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           40            77             0             0             0           ...           117 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             4         3,517     1,105,872       693,735       658,433     2,461,560 
  Weekly changes                                 0             0             0    -        9    -        8    -       48    -       65 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,800         3,933        30,597             0         2,347        38,677 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            13         6,526     1,723,277     1,729,816 
  Weekly changes                                 0             0             0             0    +      959    -      947    +       12 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          197,353        50,000           ...           ...           ...           ...       247,353 
Term deposits                              402,153             0             0           ...           ...           ...       402,153 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 10, 2014  

Mortgage-backed securities held outright (1)                                                                             1,729,816  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           44,695  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   10  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 10, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,681  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 10, 2014   Wednesday    Wednesday  
                                                        consolidation                 Dec 3, 2014 Dec 11, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,862   +       23   -       85  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,419,145   -      348   +  495,161  
    Securities held outright (1)                                          4,230,053   -       53   +  504,146  
      U.S. Treasury securities                                            2,461,560   -       65   +  275,841  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,713            0   +  266,073  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    7,090  
        Inflation compensation (3)                                           16,379   -       65   +    2,679  
      Federal agency debt securities (2)                                     38,677            0   -   18,544  
      Mortgage-backed securities (4)                                      1,729,816   +       12   +  246,850  
    Unamortized premiums on securities held outright  
    (5)                                                                     207,473   -      343   -    1,542  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,498   +       31   -    7,387  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       117   +       18   -       56  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,681            0   +      161  
  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   -      109  
  Items in process of collection                                   (0)           80   -       16   -       14  
  Bank premises                                                               2,263   +        3   -       21  
  Central bank liquidity swaps (10)                                               2   +        1   -      270  
  Foreign currency denominated assets (11)                                   21,425   +      219   -    2,654  
  Other assets (12)                                                          26,170   +    2,792   +    2,826  
                                                                                                               
Total assets                                                       (0)    4,488,865   +    2,675   +  494,910  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 10, 2014   Wednesday    Wednesday  
                                                        consolidation                 Dec 3, 2014 Dec 11, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,277,416   +    2,930   +   90,976 
  Reverse repurchase agreements (13)                                         247,353   -   14,528   +  111,612 
  Deposits                                                          (0)    2,899,469   +   12,707   +  295,964 
    Term deposits held by depository institutions                            402,153   +   67,439   +  388,621 
    Other deposits held by depository institutions                         2,428,934   -   50,520   -  111,788 
    U.S. Treasury, General Account                                            48,807   -    8,799   +   27,317 
    Foreign official                                                           5,252   +        3   -    2,719 
    Other (14)                                                      (0)       14,323   +    4,584   -    5,466 
  Deferred availability cash items                                  (0)          623   -      110   -       98 
  Other liabilities and accrued dividends (15)                                 6,909   +    1,167   -    5,658 
                                                                                                               
Total liabilities                                                   (0)    4,431,770   +    2,166   +  492,796 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,548   +      255   +    1,058 
  Surplus                                                                     28,548   +      255   +    1,058 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,095   +      508   +    2,114 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, December 10, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,862          30          77          124         119         306         206         274          24          43         151         181         327
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,419,145      89,393   2,712,240      105,866      96,488     246,983     244,288     180,622      54,508      27,126      58,233     134,656     468,742
    Securities held outright (1)               4,230,053      85,567   2,596,252      101,339      92,357     236,421     233,835     172,888      52,175      25,923      55,720     128,891     448,686
      U.S. Treasury securities                 2,461,560      49,793   1,510,816       58,971      53,744     137,578     136,074     100,607      30,362      15,085      32,424      75,004     261,100
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,560      49,793   1,510,816       58,971      53,744     137,578     136,074     100,607      30,362      15,085      32,424      75,004     261,100
      Federal agency debt securities (2)          38,677         782      23,739          927         844       2,162       2,138       1,581         477         237         509       1,178       4,103
      Mortgage-backed securities (4)           1,729,816      34,991   1,061,698       41,441      37,768      96,681      95,623      70,700      21,336      10,601      22,786      52,708     183,483
    Unamortized premiums on securities held 
      outright (5)                               207,473       4,197     127,340        4,970       4,530      11,596      11,469       8,480       2,559       1,271       2,733       6,322      22,007
    Unamortized discounts on securities     
      held outright (5)                          -18,498        -374     -11,353         -443        -404      -1,034      -1,023        -756        -228        -113        -244        -564      -1,962
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            117           4           1            0           5           0           7          10           2          45          25           7          11
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,681           0       1,681            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      80           0           0            0           0           0          79           0           0           1           0           0           0
  Bank premises                                    2,263         124         438           75         110         220         213         199         122          96         242         224         201
  Central bank liquidity swaps (10)                    2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  21,425         974       6,892        1,611       1,704       4,467       1,232         591         180          91         225         358       3,100
  Other assets (12)                               26,170         558      15,745          743         567       1,611       1,439       1,053         368         186         362         839       2,697
  Interdistrict settlement account                     0  +   18,118  -  114,193   +    1,997  +   22,368  -    8,886  +    4,462  -   12,328  -    6,292  +    1,735  -      495  +   15,677  +   77,838
                                                                                                                                                                                                         
Total assets                                   4,488,865     109,744   2,628,822      110,965     122,057     245,937     253,922     171,542      49,338      29,542      59,163     153,097     554,737

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, December 10, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,466,571      45,416     477,718      46,080      68,706     103,323     214,618     100,849      41,001      22,635      37,817     119,636     188,773
    Less: Notes held by F.R. Banks               189,155       5,010      66,731       5,391       8,823      11,655      22,672      10,842       4,899       3,409       5,043      17,767      26,912
      Federal Reserve notes, net               1,277,416      40,406     410,988      40,690      59,883      91,668     191,946      90,006      36,102      19,226      32,773     101,869     161,860
  Reverse repurchase agreements (13)             247,353       5,004     151,816       5,926       5,401      13,825      13,674      10,110       3,051       1,516       3,258       7,537      26,237
  Deposits                                     2,899,469      61,527   2,044,249      60,882      52,034     126,780      44,062      69,546       9,491       8,331      22,376      42,620     357,571
    Term deposits held by depository        
        institutions                             402,153      20,091     274,417      30,323      15,475      10,035         835      16,430         530          65       4,067       3,605      26,280
    Other deposits held by depository       
        institutions                           2,428,934      41,432   1,701,678      30,531      36,555     116,589      43,219      53,101       8,961       8,266      18,307      39,011     331,283
    U.S. Treasury, General Account                48,807           0      48,807           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,252           2       5,225           3           3           8           2           1           0           0           0           1           6
    Other (14)                                    14,323           2      14,122          26           0         147           6          13           1           0           1           2           2
  Deferred availability cash items                   623           0           0           0           0           0         527           0           0          96           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,130          54       1,406          66          59         -77         133          95          28          14          28          70         254
  Other liabilities and accrued             
     dividends (16)                                4,779         175       1,967         207         225         636         330         253         136         119         126         182         422
                                                                                                                                                                                                        
Total liabilities                              4,431,770     107,166   2,610,426     107,771     117,602     232,831     250,671     170,010      48,808      29,302      58,561     152,277     546,345
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,548       1,289       9,198       1,597       2,228       6,553       1,626         766         265         120         301         410       4,196
  Surplus                                         28,548       1,289       9,198       1,597       2,228       6,553       1,626         766         265         120         301         410       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,488,865     109,744   2,628,822     110,965     122,057     245,937     253,922     171,542      49,338      29,542      59,163     153,097     554,737

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, December 10, 2014 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 10, 2014  

Federal Reserve notes outstanding                                                            1,466,571  
  Less: Notes held by F.R. Banks not subject to collateralization                              189,155  
    Federal Reserve notes to be collateralized                                               1,277,416  
Collateral held against Federal Reserve notes                                                1,277,416  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,261,179  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,053  
  Less: Face value of securities under reverse repurchase agreements                           227,860  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,002,193  

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.