FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 26, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Feb 25, 2015 
Federal Reserve Banks                                     Feb 25, 2015 Feb 18, 2015 Feb 26, 2014              

Reserve Bank credit                                         4,459,378   -   14,486   +  342,174    4,447,571  
  Securities held outright (1)                              4,247,218   -    2,688   +  348,446    4,237,251  
    U.S. Treasury securities                                2,460,226   -      152   +  187,181    2,460,167  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  180,592    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    4,886       98,469  
      Inflation compensation (3)                               15,046   -      152   +    1,703       14,987  
    Federal agency debt securities (2)                         36,877            0   -   14,534       36,877  
    Mortgage-backed securities (4)                          1,750,115   -    2,536   +  175,799    1,740,208  
  Unamortized premiums on securities held outright (5)        205,066   -      361   -    4,481      204,622  
  Unamortized discounts on securities held outright (5)       -18,138   +       34   -    2,743      -18,122  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                             6   -       11   -       94            8  
    Primary credit                                                  2   -        8            0            3  
    Secondary credit                                                0   -        1            0            0  
    Seasonal credit                                                 4   -        2   +        1            5  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       96            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,686            0   +      106        1,686  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      106            0  
  Float                                                          -452   -       36   +      140         -575  
  Central bank liquidity swaps (11)                                 3   +        3   -      357            3  
  Other Federal Reserve assets (12)                            23,988   -   11,428   +    1,347       22,697  
Foreign currency denominated assets (13)                       20,253   -       39   -    3,746       20,252  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,413   +       14   +      751       46,413  
                                                                                                              
Total factors supplying reserve funds                       4,542,285   -   14,512   +  339,178    4,530,477  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Feb 25, 2015 
Federal Reserve Banks                                     Feb 25, 2015 Feb 18, 2015 Feb 26, 2014              

Currency in circulation (14)                                 1,349,342   +    2,882   +  100,944    1,351,152 
Reverse repurchase agreements (15)                             306,160   +   62,120   +   97,971      306,171 
  Foreign official and international accounts                  128,656   +    2,074   +   24,235      126,421 
  Others                                                       177,503   +   60,045   +   73,735      179,750 
Treasury cash holdings                                             225   +       17   -       44          216 
Deposits with F.R. Banks, other than reserve balances          492,582   +   49,350   +  408,903      462,400 
  Term deposits held by depository institutions                404,150   +  107,229   +  404,150      404,150 
  U.S. Treasury, General Account                                68,114   -   50,722   +   21,410       46,714 
  Foreign official                                               5,244   +       25   -    2,728        5,213 
  Other (16)                                                    15,074   -    7,182   -   13,929        6,323 
Other liabilities and capital (17)                              65,012   -      426   +    2,338       63,541 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,213,322   +  113,944   +  610,113    2,183,480 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,328,963   -  128,456   -  270,935    2,346,998 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Feb 25, 2015 
                                                          Feb 25, 2015 Feb 18, 2015 Feb 26, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,266,440   +    3,657   -   58,927    3,265,567 
  Marketable U.S. Treasury securities (1)                    2,939,764   +    6,746   -   30,598    2,939,331 
  Federal agency debt and mortgage-backed securities (2)       283,387   -    3,454   -   25,758      282,905 
  Other securities (3)                                          43,289   +      365   -    2,571       43,331 
Securities lent to dealers                                      13,774   +    1,682   +    1,775       13,225 
  Overnight facility (4)                                        13,774   +    1,682   +    1,775       13,225 
    U.S. Treasury securities                                    13,328   +    1,667   +    2,522       12,727 
    Federal agency debt securities                                 445   +       14   -      748          498 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 25, 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                                            8             0             0             0             0           ...             8 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,900         8,397     1,147,442       658,967       643,460     2,460,167 
  Weekly changes                                 0             0             0    -       24    -       32    -      107    -      161 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         4,577        28,971             0         2,347        36,877 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         7,787     1,732,405     1,740,208 
  Weekly changes                                 0             0             0             0    -      144    -    8,676    -    8,819 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 3             0             0             0             0             0             3 
                                                                                                                                       
Reverse repurchase agreements (4)          306,171             0           ...           ...           ...           ...       306,171 
Term deposits                              404,150             0             0           ...           ...           ...       404,150 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 25, 2015  

Mortgage-backed securities held outright (1)                                                                             1,740,208  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,006  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   63  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Feb 25, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,686  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 25, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 18, 2015 Feb 26, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,898   -       33   -      122  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,423,760   -    9,537   +  330,192  
    Securities held outright (1)                                          4,237,251   -    8,981   +  337,518  
      U.S. Treasury securities                                            2,460,167   -      161   +  181,911  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711            0   +  175,380  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    4,886  
        Inflation compensation (3)                                           14,987   -      161   +    1,645  
      Federal agency debt securities (2)                                     36,877            0   -   14,534  
      Mortgage-backed securities (4)                                      1,740,208   -    8,819   +  170,141  
    Unamortized premiums on securities held outright  
    (5)                                                                     204,622   -      596   -    4,690  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,122   +       37   -    2,545  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         8   +        2   -       92  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686            0   +      105  
  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   -      106  
  Items in process of collection                                   (0)          192   +        8   +       84  
  Bank premises                                                               2,252   -        2   -       31  
  Central bank liquidity swaps (10)                                               3   +        3   -      357  
  Foreign currency denominated assets (11)                                   20,252   +       45   -    3,707  
  Other assets (12)                                                          20,446   -      610   +      781  
                                                                                                               
Total assets                                                       (0)    4,486,725   -   10,126   +  326,753  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 25, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 18, 2015 Feb 26, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,306,848   +    2,662   +   99,279 
  Reverse repurchase agreements (13)                                         306,171   +    9,117   +   73,497 
  Deposits                                                          (0)    2,809,398   -   21,436   +  151,693 
    Term deposits held by depository institutions                            404,150   +  107,229   +  404,150 
    Other deposits held by depository institutions                         2,346,998   -   98,903   -  263,542 
    U.S. Treasury, General Account                                            46,714   -   26,383   +   19,287 
    Foreign official                                                           5,213   +        1   -    2,759 
    Other (14)                                                      (0)        6,323   -    3,380   -    5,443 
  Deferred availability cash items                                  (0)          767   -       98   +       49 
  Other liabilities and accrued dividends (15)                                 5,983   -      686   +      554 
                                                                                                               
Total liabilities                                                   (0)    4,429,168   -   10,440   +  325,073 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,779   +      157   +      840 
  Surplus                                                                     28,779   +      157   +      840 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,557   +      314   +    1,680 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, February 25, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,898          37          78          133         121         306         196         284          20          47         155         184         336
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,423,760      89,486   2,715,137      105,980      96,586     247,246     244,543     180,809      54,564      27,111      58,272     134,793     469,233
    Securities held outright (1)               4,237,251      85,712   2,600,670      101,512      92,514     236,823     234,233     173,182      52,264      25,967      55,814     129,110     449,450
      U.S. Treasury securities                 2,460,167      49,765   1,509,961       58,938      53,714     137,500     135,997     100,550      30,344      15,077      32,406      74,962     260,952
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,167      49,765   1,509,961       58,938      53,714     137,500     135,997     100,550      30,344      15,077      32,406      74,962     260,952
      Federal agency debt securities (2)          36,877         746      22,634          883         805       2,061       2,039       1,507         455         226         486       1,124       3,912
      Mortgage-backed securities (4)           1,740,208      35,201   1,068,076       41,690      37,995      97,261      96,198      71,125      21,464      10,665      22,923      53,025     184,586
    Unamortized premiums on securities held 
      outright (5)                               204,622       4,139     125,590        4,902       4,468      11,436      11,311       8,363       2,524       1,254       2,695       6,235      21,704
    Unamortized discounts on securities     
      held outright (5)                          -18,122        -367     -11,123         -434        -396      -1,013      -1,002        -741        -224        -111        -239        -552      -1,922
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              8           1           0            0           0           0           1           4           0           1           1           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,686           0       1,686            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     192           0           0            0           0           0         191           0           0           1           0           0           0
  Bank premises                                    2,252         122         434           75         110         218         210         202         121          95         241         222         200
  Central bank liquidity swaps (10)                    3           0           1            0           0           1           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,252         918       6,529        1,131       1,579       4,647       1,152         544         189          85         213         292       2,973
  Other assets (12)                               20,446         455      11,946          497         455       1,300       1,139         841         450         151         297         754       2,161
  Interdistrict settlement account                     0  +   27,119  -  224,543   +   37,002  +   28,091  +   10,155  +    6,492  -    3,234  -      312  +    7,413  +    9,715  +   22,792  +   79,310
                                                                                                                                                                                                         
Total assets                                   4,486,725     118,685   2,517,211      145,366     127,642     265,110     255,927     180,575      55,459      35,166      69,337     160,200     556,045

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, February 25, 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            1,492,639      50,312     474,064      48,701      72,098     104,798     212,153     104,083      44,346      26,575      41,743     122,060     191,706
    Less: Notes held by F.R. Banks               185,791       5,539      66,079       5,915       9,816      12,339      22,434      11,867       4,559       3,057       5,270      14,265      24,652
      Federal Reserve notes, net               1,306,848      44,774     407,985      42,786      62,282      92,460     189,718      92,216      39,787      23,518      36,473     107,795     167,055
  Reverse repurchase agreements (13)             306,171       6,193     187,917       7,335       6,685      17,112      16,925      12,514       3,776       1,876       4,033       9,329      32,476
  Deposits                                     2,809,398      64,967   1,899,628      91,816      53,986     141,820      45,150      73,993      11,226       9,099      28,103      42,028     347,580
    Term deposits held by depository        
        institutions                             404,150         280     226,123      67,740      16,850       3,575       1,258      14,495         104          70       3,391       2,356      67,908
    Other deposits held by depository       
        institutions                           2,346,998      64,682   1,615,471      24,049      37,133     138,105      43,883      59,483      11,122       9,029      24,710      39,668     279,663
    U.S. Treasury, General Account                46,714           0      46,714           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,213           2       5,186           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     6,323           4       6,135          25           0         130           7          13           0           0           2           3           4
  Deferred availability cash items                   767           0           0           0           0           0         473           0           0         294           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,366          28         820          24          35          82          85          56          10           6          16          45         160
  Other liabilities and accrued             
     dividends (16)                                4,617         141       2,163         191         192         511         308         253         120         129         111         173         326
                                                                                                                                                                                                        
Total liabilities                              4,429,168     116,103   2,498,512     142,152     123,180     251,984     252,659     179,031      54,920      34,923      68,736     159,370     547,597
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,779       1,291       9,350       1,607       2,231       6,563       1,634         772         270         121         300         415       4,224
  Surplus                                         28,779       1,291       9,350       1,607       2,231       6,563       1,634         772         270         121         300         415       4,224
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,486,725     118,685   2,517,211     145,366     127,642     265,110     255,927     180,575      55,459      35,166      69,337     160,200     556,045

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, February 25, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Feb 25, 2015  

Federal Reserve notes outstanding                                                            1,492,639  
  Less: Notes held by F.R. Banks not subject to collateralization                              185,791  
    Federal Reserve notes to be collateralized                                               1,306,848  
Collateral held against Federal Reserve notes                                                1,306,848  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,290,612  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,251  
  Less: Face value of securities under reverse repurchase agreements                           274,226  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,963,025  

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.