FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     July 9, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 8, 2015 
Federal Reserve Banks                                      Jul 8, 2015  Jul 1, 2015  Jul 9, 2014              

Reserve Bank credit                                         4,442,118   +    1,242   +  105,476    4,442,968  
  Securities held outright (1)                              4,229,014   +      198   +  115,871    4,229,062  
    U.S. Treasury securities                                2,461,059   +      112   +   55,476    2,461,107  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,641   -        1   +   53,692    2,346,641  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    1,763       98,534  
      Inflation compensation (3)                               15,883   +      113   +       20       15,931  
    Federal agency debt securities (2)                         35,895            0   -    7,764       35,895  
    Mortgage-backed securities (4)                          1,732,060   +       86   +   68,159    1,732,060  
  Unamortized premiums on securities held outright (5)        197,882   -      363   -   11,223      197,786  
  Unamortized discounts on securities held outright (5)       -17,492   +       31   +    1,022      -17,482  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           183   +       11   -       15          172  
    Primary credit                                                 13   +        4   +       12            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               170   +        8   +       23          169  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       49            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,696            0   +       41        1,698  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -       77            0  
  Float                                                          -264   +      197   +      474         -295  
  Central bank liquidity swaps (11)                               155   -      480   +       31          155  
  Other Federal Reserve assets (12)                            30,944   +    1,647   -      564       31,871  
Foreign currency denominated assets (13)                       19,722   -       47   -    4,243       19,840  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,867   +       14   +      887       46,867  
                                                                                                              
Total factors supplying reserve funds                       4,524,948   +    1,208   +  102,120    4,525,916  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 8, 2015 
Federal Reserve Banks                                      Jul 8, 2015  Jul 1, 2015  Jul 9, 2014              

Currency in circulation (14)                                 1,370,957   +    4,491   +   82,233    1,371,703 
Reverse repurchase agreements (15)                             325,742   -   53,670   +   81,165      301,855 
  Foreign official and international accounts                  157,282   +      100   +   51,060      156,385 
  Others                                                       168,461   -   53,769   +   30,106      145,470 
Treasury cash holdings                                              84   -       16   -       64           78 
Deposits with F.R. Banks, other than reserve balances          207,182   -   47,335   +    4,626      201,410 
  Term deposits held by depository institutions                      0            0   -  124,887            0 
  U.S. Treasury, General Account                               182,596   -   44,861   +  118,770      173,642 
  Foreign official                                               5,262   +       18   -      606        5,244 
  Other (16)                                                    19,324   -    2,493   +   11,349       22,524 
Other liabilities and capital (17)                              65,884   +       45   +    1,893       65,528 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,969,849   -   96,485   +  169,853    1,940,572 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,555,100   +   97,694   -   67,732    2,585,343 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jul 8, 2015 
                                                           Jul 8, 2015  Jul 1, 2015  Jul 9, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,367,400   -   11,462   +   58,306    3,353,741 
  Marketable U.S. Treasury securities (1)                    3,023,539   -   11,499   +   48,397    3,009,890 
  Federal agency debt and mortgage-backed securities (2)       298,664   +       90   +    6,785      298,627 
  Other securities (3)                                          45,197   -       53   +    3,125       45,224 
Securities lent to dealers                                      11,087   -      894   -    2,716        9,286 
  Overnight facility (4)                                        11,087   -      894   -    2,716        9,286 
    U.S. Treasury securities                                    10,959   -      869   -    1,714        9,162 
    Federal agency debt securities                                 128   -       25   -    1,002          124 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 8, 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                                           36           136             0             0             0           ...           172 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,289       143,134     1,098,093       574,145       644,446     2,461,107 
  Weekly changes                                 0    +        1             0    +       19    +       25    +       87    +      132 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     802             0         9,997        22,749             0         2,347        35,895 
  Weekly changes                        +      802    -      802             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            79         9,679     1,722,302     1,732,060 
  Weekly changes                                 0             0             0    +       44    +      395    -      439             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               155             0             0             0             0             0           155 
                                                                                                                                       
Reverse repurchase agreements (4)          301,855             0           ...           ...           ...           ...       301,855 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 8, 2015  

Mortgage-backed securities held outright (1)                                                                             1,732,060  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           43,711  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   24  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 8, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,698  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 8, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jul 1, 2015  Jul 9, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,882   +       12   +        4  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,409,539   -      161   +  102,652  
    Securities held outright (1)                                          4,229,062   +      131   +  112,996  
      U.S. Treasury securities                                            2,461,107   +      132   +   52,601  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,641            0   +   50,796  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    1,763  
        Inflation compensation (3)                                           15,931   +      131   +       41  
      Federal agency debt securities (2)                                     35,895            0   -    7,764  
      Mortgage-backed securities (4)                                      1,732,060            0   +   68,159  
    Unamortized premiums on securities held outright  
    (5)                                                                     197,786   -      325   -   11,372  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,482   +       30   +    1,062  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       172   +        2   -       34  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,698   +        2   +       43  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -       60  
  Items in process of collection                                   (0)           68   -       23   -       30  
  Bank premises                                                               2,240   +        4   -       21  
  Central bank liquidity swaps (10)                                             155   -      480   +       31  
  Foreign currency denominated assets (11)                                   19,840   +       65   -    4,169  
  Other assets (12)                                                          29,631   +    2,742   -      477  
                                                                                                               
Total assets                                                       (0)    4,481,289   +    2,159   +   97,888  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 8, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jul 1, 2015  Jul 9, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,326,791   +    1,644   +   82,586 
  Reverse repurchase agreements (13)                                         301,855   -   48,002   +   53,603 
  Deposits                                                          (0)    2,786,753   +   47,526   -   40,435 
    Term deposits held by depository institutions                                  0            0   -  124,887 
    Other deposits held by depository institutions                         2,585,343   +   80,811   -   47,710 
    U.S. Treasury, General Account                                           173,642   -   38,493   +  117,139 
    Foreign official                                                           5,244   +        1   -      622 
    Other (14)                                                      (0)       22,524   +    5,207   +   15,646 
  Deferred availability cash items                                  (0)          363   -       79   -      386 
  Other liabilities and accrued dividends (15)                                 7,235   +    1,043   +      546 
                                                                                                               
Total liabilities                                                   (0)    4,422,996   +    2,130   +   95,913 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,146   +       14   +      987 
  Surplus                                                                     29,146   +       14   +      987 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,293   +       29   +    1,974 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, July 8, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,882          37          63          128         129         301         206         274          32          46         149         195         321
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,409,539     111,775   2,646,996      109,668     106,012     239,488     248,326     163,845      46,013      26,900      57,289     142,045     511,182
    Securities held outright (1)               4,229,062     107,205   2,538,757      105,184     101,677     229,696     238,147     157,129      44,103      25,719      54,938     136,232     490,277
      U.S. Treasury securities                 2,461,107      62,388   1,477,432       61,212      59,171     133,672     138,590      91,441      25,666      14,967      31,971      79,280     285,317
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,107      62,388   1,477,432       61,212      59,171     133,672     138,590      91,441      25,666      14,967      31,971      79,280     285,317
      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)           1,732,060      43,907   1,039,777       43,079      41,643      94,074      97,536      64,354      18,063      10,534      22,500      55,795     200,799
    Unamortized premiums on securities held 
      outright (5)                               197,786       5,014     118,733        4,919       4,755      10,742      11,138       7,349       2,063       1,203       2,569       6,371      22,929
    Unamortized discounts on securities     
      held outright (5)                          -17,482        -443     -10,494         -435        -420        -949        -984        -650        -182        -106        -227        -563      -2,027
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            172           0           0            0           0           0          25          17          30          84           9           5           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,698           0       1,698            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      68           0           0            0           0           0          67           0           0           0           0           0           0
  Bank premises                                    2,240         125         436           73         108         216         209         204         119          94         239         220         197
  Central bank liquidity swaps (10)                  155           7          50            9          12          36           9           4           1           1           2           2          23
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,840         899       6,397        1,108       1,546       4,552       1,129         533         185          83         209         286       2,913
  Other assets (12)                               29,631         788      17,296          747         725       1,776       1,696       1,120         398         215         424       1,001       3,445
  Interdistrict settlement account                     0  +   14,075  -  106,737   +   14,341  +   34,978  +   25,298  -    6,507  +    4,292  +    8,066  +    4,453  +    4,871  +    9,932  -    7,061
                                                                                                                                                                                                         
Total assets                                   4,481,289     128,249   2,571,726      126,624     144,252     272,862     247,388     171,430      55,263      32,054      63,623     154,853     512,964

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 8, 2015 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,508,678      49,561     488,915      50,639      80,455     104,529     207,522     106,254      48,634      26,660      41,841     118,804     184,863
    Less: Notes held by F.R. Banks               181,887       5,950      63,887       5,441       9,522      12,532      22,257      11,030       4,815       2,880       4,731      14,266      24,575
      Federal Reserve notes, net               1,326,791      43,611     425,029      45,198      70,934      91,997     185,265      95,224      43,819      23,780      37,110     104,537     160,288
  Reverse repurchase agreements (13)             301,855       7,652     181,207       7,508       7,257      16,395      16,998      11,215       3,148       1,836       3,921       9,724      34,994
  Deposits                                     2,786,753      74,190   1,942,452      70,338      61,331     150,757      41,157      63,088       7,580       5,933      21,834      39,488     308,605
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,585,343      74,186   1,741,184      70,335      61,328     150,686      41,148      63,083       7,543       5,933      21,833      39,487     308,597
    U.S. Treasury, General Account               173,642           0     173,642           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,244           2       5,216           2           3           9           2           1           0           0           0           1           6
    Other (14)                                    22,524           2      22,409           0           0          62           7           4          37           0           1           0           2
  Deferred availability cash items                   363           0           0           0           0           0         254           0           0         109           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,332          51       1,428          57          61         121         129          81          16          12          28          71         278
  Other liabilities and accrued             
     dividends                                     4,903         143       2,543         175         184         447         304         243         134         131         115         174         309
                                                                                                                                                                                                        
Total liabilities                              4,422,996     125,646   2,552,658     123,275     139,767     259,718     244,106     169,851      54,698      31,800      63,009     153,994     504,475
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,146       1,302       9,534       1,675       2,243       6,572       1,641         790         283         127         307         430       4,245
  Surplus                                         29,146       1,302       9,534       1,675       2,243       6,572       1,641         790         283         127         307         430       4,245
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,481,289     128,249   2,571,726     126,624     144,252     272,862     247,388     171,430      55,263      32,054      63,623     154,853     512,964

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 8, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jul 8, 2015  

Federal Reserve notes outstanding                                                            1,508,678  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,887  
    Federal Reserve notes to be collateralized                                               1,326,791  
Collateral held against Federal Reserve notes                                                1,326,791  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,310,554  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,229,062  
  Less: Face value of securities under reverse repurchase agreements                           288,361  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,940,702  

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.