FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 28, 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  May 27, 2015 
Federal Reserve Banks                                     May 27, 2015 May 20, 2015 May 28, 2014              

Reserve Bank credit                                         4,438,189   -    4,996   +  153,571    4,425,675  
  Securities held outright (1)                              4,229,726   -    3,525   +  163,539    4,218,968  
    U.S. Treasury securities                                2,460,592   +      162   +   92,076    2,460,639  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,643            0   +   89,356    2,346,643  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    2,466       98,534  
      Inflation compensation (3)                               15,415   +      161   +      254       15,462  
    Federal agency debt securities (2)                         35,895            0   -    8,187       35,895  
    Mortgage-backed securities (4)                          1,733,239   -    3,687   +   79,650    1,722,434  
  Unamortized premiums on securities held outright (5)        200,083   -      510   -    9,569      199,646  
  Unamortized discounts on securities held outright (5)       -17,696   +       36   +      221      -17,681  
  Repurchase agreements (6)                                         0   -      120            0            0  
  Loans                                                            97   +        4   -       51           96  
    Primary credit                                                  2   -        2   -       13            5  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                95   +        6   +       42           91  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       79            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,697            0   +       41        1,697  
  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   -       91            0  
  Float                                                          -416   +        8   +      112         -753  
  Central bank liquidity swaps (11)                                 2   +        2   -      172            2  
  Other Federal Reserve assets (12)                            24,697   -      888   -      373       23,700  
Foreign currency denominated assets (13)                       19,671   -      479   -    4,306       19,434  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,783   +       14   +      905       46,783  
                                                                                                              
Total factors supplying reserve funds                       4,520,885   -    5,460   +  150,172    4,508,133  

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  May 27, 2015 
Federal Reserve Banks                                     May 27, 2015 May 20, 2015 May 28, 2014              

Currency in circulation (14)                                 1,368,341   +    4,213   +   87,874    1,369,717 
Reverse repurchase agreements (15)                             269,256   +   13,231   -   23,385      278,637 
  Foreign official and international accounts                  154,225   -       99   +   46,553      149,809 
  Others                                                       115,031   +   13,331   -   69,938      128,828 
Treasury cash holdings                                             173   -       22   -       30          160 
Deposits with F.R. Banks, other than reserve balances          306,384   +  101,891   +  202,634      257,604 
  Term deposits held by depository institutions                 79,919   +   79,919   +   52,344       79,919 
  U.S. Treasury, General Account                               175,577   -    6,064   +  142,004      163,581 
  Foreign official                                               5,256   +       17   -    2,530        5,232 
  Other (16)                                                    45,633   +   28,019   +   10,817        8,872 
Other liabilities and capital (17)                              65,940   -      446   +    1,487       65,094 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,010,094   +  118,867   +  268,580    1,971,213 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,510,791   -  124,327   -  118,408    2,536,919 

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  May 27, 2015 
                                                          May 27, 2015 May 20, 2015 May 28, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,326,742   +    2,114   +   47,852    3,338,678 
  Marketable U.S. Treasury securities (1)                    2,993,796   +    4,023   +   50,459    3,007,099 
  Federal agency debt and mortgage-backed securities (2)       287,786   -    1,582   -    6,054      287,604 
  Other securities (3)                                          45,161   -      326   +    3,449       43,975 
Securities lent to dealers                                      10,818   -    1,077   +    1,279       11,100 
  Overnight facility (4)                                        10,818   -    1,077   +    1,279       11,100 
    U.S. Treasury securities                                    10,542   -    1,086   +    2,045       10,833 
    Federal agency debt securities                                 275   +        9   -      767          267 

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, May 27, 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                                           90             7             0             0             0           ...            96 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,289       104,319     1,119,218       591,678       644,136     2,460,639 
  Weekly changes                                 0             0    +        1    +       22    +       30    +      101    +      153 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           802         9,997        22,749             0         2,347        35,895 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            24         9,514     1,712,896     1,722,434 
  Weekly changes                                 0             0             0    -        1    -      196    -   14,832    -   15,029 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          278,637             0           ...           ...           ...           ...       278,637 
Term deposits                               79,919             0             0           ...           ...           ...        79,919 

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   
                                                                                                                      May 27, 2015  

Mortgage-backed securities held outright (1)                                                                             1,722,434  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           39,099  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   22  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 27, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,697  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 27, 2015   Wednesday    Wednesday  
                                                        consolidation                May 20, 2015 May 28, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,790   -       26   -       74  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,401,029   -   16,275   +  146,649  
    Securities held outright (1)                                          4,218,968   -   14,876   +  156,180  
      U.S. Treasury securities                                            2,460,639   +      153   +   89,915  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,643            0   +   87,197  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    2,466  
        Inflation compensation (3)                                           15,462   +      153   +      252  
      Federal agency debt securities (2)                                     35,895            0   -    8,187  
      Mortgage-backed securities (4)                                      1,722,434   -   15,029   +   74,452  
    Unamortized premiums on securities held outright  
    (5)                                                                     199,646   -      818   -    9,766  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,681   +       38   +      277  
    Repurchase agreements (6)                                                     0   -      620            0  
    Loans                                                                        96   +        1   -       41  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,697            0   +       41  
  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   -       91  
  Items in process of collection                                   (0)           93   +       12   -       36  
  Bank premises                                                               2,241            0   -       30  
  Central bank liquidity swaps (10)                                               2   +        2   -      172  
  Foreign currency denominated assets (11)                                   19,434   -      362   -    4,520  
  Other assets (12)                                                          21,459   +      246   -      354  
                                                                                                               
Total assets                                                       (0)    4,463,981   -   16,403   +  141,327  

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       May 27, 2015   Wednesday    Wednesday  
                                                        consolidation                May 20, 2015 May 28, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,324,879   +    3,443   +   86,901 
  Reverse repurchase agreements (13)                                         278,637   -   29,623   +      432 
  Deposits                                                          (0)    2,794,524   +    9,417   +   52,506 
    Term deposits held by depository institutions                             79,919   +   79,919   +   52,344 
    Other deposits held by depository institutions                         2,536,920   -   51,226   -  140,378 
    U.S. Treasury, General Account                                           163,581   -   10,168   +  140,631 
    Foreign official                                                           5,232   +        1   -    2,556 
    Other (14)                                                      (0)        8,872   -    9,110   +    2,466 
  Deferred availability cash items                                  (0)          846   +      349   -      105 
  Other liabilities and accrued dividends (15)                                 6,859   -      126   -      303 
                                                                                                               
Total liabilities                                                   (0)    4,405,746   -   16,538   +  139,433 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,118   +       68   +      947 
  Surplus                                                                     29,118   +       68   +      947 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,236   +      135   +    1,894 

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, May 27, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,790          32          63          126         118         291         184         266          22          44         145         186         311
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,401,029     111,566   2,641,933      109,458     105,809     239,030     247,841     163,528      45,899      26,808      57,179     141,772     510,205
    Securities held outright (1)               4,218,968     106,949   2,532,697      104,933     101,434     229,147     237,579     156,753      43,997      25,658      54,807     135,907     489,107
      U.S. Treasury securities                 2,460,639      62,376   1,477,151       61,200      59,160     133,646     138,564      91,424      25,661      14,965      31,965      79,265     285,263
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,639      62,376   1,477,151       61,200      59,160     133,646     138,564      91,424      25,661      14,965      31,965      79,265     285,263
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,722,434      43,663   1,033,998       42,840      41,411      93,552      96,994      63,996      17,962      10,475      22,375      55,485     199,683
    Unamortized premiums on securities held 
      outright (5)                               199,646       5,061     119,850        4,966       4,800      10,843      11,242       7,418       2,082       1,214       2,594       6,431      23,145
    Unamortized discounts on securities     
      held outright (5)                          -17,681        -448     -10,614         -440        -425        -960        -996        -657        -184        -108        -230        -570      -2,050
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             96           4           0            0           0           0          16          14           4          44           8           4           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,697           0       1,697            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                      93           0           0            0           0           0          93           0           0           0           0           0           0
  Bank premises                                    2,241         124         433           74         109         216         209         202         120          94         240         221         198
  Central bank liquidity swaps (10)                    2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,434         881       6,265        1,086       1,515       4,459       1,106         522         181          82         204         280       2,853
  Other assets (12)                               21,459         575      12,292          539         521       1,318       1,216         809         434         158         309         810       2,478
  Interdistrict settlement account                     0  +   19,753  -   96,867   +    5,582  +   20,220  +   11,424  -   10,466  +   11,079  +    3,509  +    4,829  +    3,462  +    9,549  +   17,926
                                                                                                                                                                                                         
Total assets                                   4,463,981     133,475   2,571,344      117,415     129,034     257,934     242,437     177,564      50,613      32,277      61,980     153,991     535,916

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, May 27, 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            1,502,469      50,135     484,031      50,716      78,017     104,076     208,492     105,989      44,794      26,611      41,746     119,887     187,975
    Less: Notes held by F.R. Banks               177,589       5,183      62,233       5,072       9,250      11,845      22,889      10,959       4,714       2,801       4,473      13,616      24,554
      Federal Reserve notes, net               1,324,879      44,953     421,798      45,644      68,767      92,231     185,603      95,030      40,080      23,810      37,274     106,270     163,421
  Reverse repurchase agreements (13)             278,637       7,063     167,269       6,930       6,699      15,134      15,691      10,353       2,906       1,695       3,620       8,976      32,303
  Deposits                                     2,794,524      78,653   1,959,677      61,313      48,831     136,813      36,950      70,278       6,921       5,999      20,340      37,644     331,105
    Term deposits held by depository        
        institutions                              79,919          50      40,076      14,300       9,000          38         185       5,145          30           0       2,025         500       8,570
    Other deposits held by depository       
        institutions                           2,536,920      78,598   1,742,129      46,974      39,827     136,634      36,756      65,130       6,890       5,999      18,313      37,140     322,527
    U.S. Treasury, General Account               163,581           0     163,581           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,232           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     8,872           3       8,686          36           0         132           7           2           0           0           1           3           2
  Deferred availability cash items                   846           0           0           0           0           0         475           0           0         371           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,371          29         981         -39          17         -19          83          57          14          11          19          56         162
  Other liabilities and accrued             
     dividends                                     5,488         177       2,600         218         235         634         352         270         129         136         123         187         427
                                                                                                                                                                                                        
Total liabilities                              4,405,746     130,874   2,552,326     114,066     124,548     244,793     239,155     175,986      50,050      32,022      61,375     153,133     527,418
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,118       1,300       9,509       1,675       2,243       6,571       1,641         789         282         128         303         429       4,249
  Surplus                                         29,118       1,300       9,509       1,675       2,243       6,571       1,641         789         282         128         303         429       4,249
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,463,981     133,475   2,571,344     117,415     129,034     257,934     242,437     177,564      50,613      32,277      61,980     153,991     535,916

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, May 27, 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   
                                                                                          May 27, 2015  

Federal Reserve notes outstanding                                                            1,502,469  
  Less: Notes held by F.R. Banks not subject to collateralization                              177,589  
    Federal Reserve notes to be collateralized                                               1,324,879  
Collateral held against Federal Reserve notes                                                1,324,879  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,308,643  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,218,968  
  Less: Face value of securities under reverse repurchase agreements                           256,067  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,962,901  

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.