FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 22, 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  Jan 21, 2015 
Federal Reserve Banks                                     Jan 21, 2015 Jan 14, 2015 Jan 22, 2014              

Reserve Bank credit                                         4,467,681   +    5,409   +  422,565    4,473,381  
  Securities held outright (1)                              4,243,575   +    4,796   +  427,623    4,249,065  
    U.S. Treasury securities                                2,460,987   -      149   +  232,941    2,460,944  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,712            0   +  224,692    2,346,712  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    5,854       98,469  
      Inflation compensation (3)                               15,806   -      149   +    2,396       15,764  
    Federal agency debt securities (2)                         37,588   -    1,089   -   17,323       37,588  
    Mortgage-backed securities (4)                          1,745,000   +    6,033   +  212,005    1,750,532  
  Unamortized premiums on securities held outright (5)        206,323   -       26   -    2,736      206,458  
  Unamortized discounts on securities held outright (5)       -18,305   +       39   -    4,977      -18,295  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           101   +       70   -       19          155  
    Primary credit                                                 91   +       69   +       85          143  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10   +        1   -        7           12  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       97            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,680   +        2   +      137        1,680  
  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   -      107            0  
  Float                                                          -413   +       20   +      159         -590  
  Central bank liquidity swaps (11)                                10   +       10   -      250           10  
  Other Federal Reserve assets (12)                            34,709   +      497   +    2,819       34,898  
Foreign currency denominated assets (13)                       20,532   -      242   -    3,132       20,557  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,397   +       14   +      826       46,397  
                                                                                                              
Total factors supplying reserve funds                       4,550,850   +    5,180   +  420,259    4,556,575  

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  Jan 21, 2015 
Federal Reserve Banks                                     Jan 21, 2015 Jan 14, 2015 Jan 22, 2014              

Currency in circulation (14)                                 1,330,796   -    2,028   +  104,539    1,330,826 
Reverse repurchase agreements (15)                             248,226   +   30,789   +   63,938      280,314 
  Foreign official and international accounts                  111,779   +    7,730   +    4,065      112,545 
  Others                                                       136,447   +   23,059   +   59,872      167,769 
Treasury cash holdings                                             206   +        2   -       49          219 
Deposits with F.R. Banks, other than reserve balances          185,360   +    8,010   +   52,083      210,449 
  Term deposits held by depository institutions                      0            0   -   12,822            0 
  U.S. Treasury, General Account                               170,152   +   11,884   +   92,354      196,231 
  Foreign official                                               5,221   +        6   -    2,829        5,212 
  Other (16)                                                     9,987   -    3,879   -   24,619        9,006 
Other liabilities and capital (17)                              63,871   -       81   +      248       63,064 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,828,458   +   36,691   +  220,756    1,884,871 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,722,392   -   31,511   +  199,502    2,671,704 

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  Jan 21, 2015 
                                                          Jan 21, 2015 Jan 14, 2015 Jan 22, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,284,501   -   15,612   -   60,178    3,286,077 
  Marketable U.S. Treasury securities (1)                    2,954,360   -   12,950   -   39,789    2,957,685 
  Federal agency debt and mortgage-backed securities (2)       288,362   -    2,985   -   18,157      286,343 
  Other securities (3)                                          41,778   +      323   -    2,232       42,050 
Securities lent to dealers                                      10,807   +      578   -      418       12,330 
  Overnight facility (4)                                        10,807   +      578   -      418       12,330 
    U.S. Treasury securities                                    10,306   +      610   +       36       11,808 
    Federal agency debt securities                                 501   -       32   -      455          522 

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, January 21, 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                                          155             0             0             0             0           ...           155 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             6         3,514     1,113,942       693,755       649,728     2,460,944 
  Weekly changes                                 0    +        1    -        2    -       20    +    8,238    -    8,356    -      140 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,693         4,577        28,971             0         2,347        37,588 
  Weekly changes                        -    1,089    +      982    +      644    -    1,626             0             0    -    1,089 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            14         6,848     1,743,671     1,750,532 
  Weekly changes                                 0             0             0             0    +      317    -    1,517    -    1,202 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                10             0             0             0             0             0            10 
                                                                                                                                       
Reverse repurchase agreements (4)          280,314             0           ...           ...           ...           ...       280,314 
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   
                                                                                                                      Jan 21, 2015  

Mortgage-backed securities held outright (1)                                                                             1,750,532  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           17,764  
Commitments to sell mortgage-backed securities (2)                                                                             377  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Jan 21, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,680  
                                                                                                                                    
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       Jan 21, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 14, 2015 Jan 22, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,928   +       20   -       72  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,437,383   -    2,557   +  415,750  
    Securities held outright (1)                                          4,249,065   -    2,430   +  423,257  
      U.S. Treasury securities                                            2,460,944   -      140   +  229,514  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,712            0   +  221,292  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    5,854  
        Inflation compensation (3)                                           15,764   -      140   +    2,369  
      Federal agency debt securities (2)                                     37,588   -    1,089   -   17,323  
      Mortgage-backed securities (4)                                      1,750,532   -    1,202   +  211,065  
    Unamortized premiums on securities held outright  
    (5)                                                                     206,458   -      289   -    2,767  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,295   +       37   -    4,774  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       155   +      124   +       34  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,680            0   +      134  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -      108  
  Items in process of collection                                   (0)          243   +       82   +       43  
  Bank premises                                                               2,262   +        2   -       24  
  Central bank liquidity swaps (10)                                              10   +       10   -      250  
  Foreign currency denominated assets (11)                                   20,557   -      314   -    3,086  
  Other assets (12)                                                          32,636   -      384   +    2,719  
                                                                                                               
Total assets                                                       (0)    4,512,936   -    3,141   +  415,022  

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       Jan 21, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 14, 2015 Jan 22, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,286,572   -        8   +  103,900 
  Reverse repurchase agreements (13)                                         280,314   +   76,595   +   78,360 
  Deposits                                                          (0)    2,882,153   -   77,567   +  232,755 
    Term deposits held by depository institutions                                  0            0   -   12,822 
    Other deposits held by depository institutions                         2,671,704   -   88,680   +  176,973 
    U.S. Treasury, General Account                                           196,231   +   36,501   +   99,507 
    Foreign official                                                           5,212   -       22   -    2,848 
    Other (14)                                                      (0)        9,006   -   25,365   -   28,055 
  Deferred availability cash items                                  (0)          834   +      238   -      290 
  Other liabilities and accrued dividends (15)                                 5,917   -    2,397   -    1,817 
                                                                                                               
Total liabilities                                                   (0)    4,455,789   -    3,140   +  412,906 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,574            0   +    1,059 
  Surplus                                                                     28,574            0   +    1,059 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,147   -        1   +    2,116 

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, January 21, 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                                             1,928          35          82          130         122         313         207         284          23          46         156         192         337
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,437,383      89,757   2,723,489      106,302      96,880     248,000     245,288     181,374      54,730      27,199      58,454     135,208     470,701
    Securities held outright (1)               4,249,065      85,951   2,607,921      101,795      92,772     237,483     234,886     173,665      52,409      26,040      55,970     129,470     450,703
      U.S. Treasury securities                 2,460,944      49,781   1,510,438       58,957      53,731     137,544     136,040     100,582      30,354      15,082      32,416      74,986     261,035
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,944      49,781   1,510,438       58,957      53,731     137,544     136,040     100,582      30,354      15,082      32,416      74,986     261,035
      Federal agency debt securities (2)          37,588         760      23,070          900         821       2,101       2,078       1,536         464         230         495       1,145       3,987
      Mortgage-backed securities (4)           1,750,532      35,410   1,074,413       41,937      38,220      97,838      96,768      71,547      21,592      10,728      23,059      53,339     185,681
    Unamortized premiums on securities held 
      outright (5)                               206,458       4,176     126,716        4,946       4,508      11,539      11,413       8,438       2,547       1,265       2,720       6,291      21,899
    Unamortized discounts on securities     
      held outright (5)                          -18,295        -370     -11,229         -438        -399      -1,023      -1,011        -748        -226        -112        -241        -557      -1,941
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            155           0          80            0           0           0           1          18           0           7           5           4          40
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,680           0       1,680            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                     243           0           0            0           0           0         243           0           0           1           0           0           0
  Bank premises                                    2,262         126         437           75         110         220         212         200         122          96         241         223         201
  Central bank liquidity swaps (10)                   10           0           3            1           1           2           1           0           0           0           0           0           1
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,557         935       6,613        1,545       1,635       4,286       1,182         568         173          87         216         344       2,974
  Other assets (12)                               32,636         699      19,765          783         717       1,968       1,787       1,316         459         228         458       1,060       3,396
  Interdistrict settlement account                     0  +   24,322  -   59,136   -    7,160  +   13,474  -   13,469  -    8,153  -   14,343  -    6,184  +    3,008  +    4,101  +   12,036  +   51,504
                                                                                                                                                                                                         
Total assets                                   4,512,936     116,422   2,698,876      102,224     113,639     242,556     242,770     170,529      49,751      30,928      64,070     150,224     530,947

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, January 21, 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            1,477,156      47,311     474,331      47,624      70,039     103,781     212,818     101,722      42,376      24,862      39,872     121,341     191,079
    Less: Notes held by F.R. Banks               190,584       5,423      62,384       5,815       9,828      12,387      25,213      11,801       5,430       3,185       5,066      16,080      27,973
      Federal Reserve notes, net               1,286,572      41,888     411,947      41,809      60,210      91,394     187,605      89,922      36,946      21,678      34,806     105,261     163,106
  Reverse repurchase agreements (13)             280,314       5,670     172,047       6,715       6,120      15,667      15,496      11,457       3,457       1,718       3,692       8,541      29,733
  Deposits                                     2,882,153      66,098   2,093,588      50,290      42,646     121,848      35,279      67,289       8,666       7,058      24,840      35,354     329,196
    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                           2,671,704      66,094   1,883,275      50,262      42,643     121,785      35,270      67,276       8,666       7,058      24,839      35,349     329,186
    U.S. Treasury, General Account               196,231           0     196,231           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,212           2       5,184           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     9,006           2       8,898          24           0          54           7          12           0           0           1           4           4
  Deferred availability cash items                   834           0           0           0           0           0         734           0           0         100           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,102          16         818          16          -3          30          46          36          16           3          -4          40          88
  Other liabilities and accrued             
     dividends (16)                                4,815         158       2,061         200         205         502         359         290         132         132         136         207         433
                                                                                                                                                                                                        
Total liabilities                              4,455,789     113,831   2,680,460      99,031     109,178     229,441     239,518     168,994      49,218      30,688      63,471     149,402     522,556
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,574       1,296       9,208       1,597       2,230       6,557       1,626         768         267         120         300         411       4,195
  Surplus                                         28,574       1,296       9,208       1,597       2,230       6,557       1,626         768         267         120         300         411       4,195
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,512,936     116,422   2,698,876     102,224     113,639     242,556     242,770     170,529      49,751      30,928      64,070     150,224     530,947

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, January 21, 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   
                                                                                          Jan 21, 2015  

Federal Reserve notes outstanding                                                            1,477,156  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,584  
    Federal Reserve notes to be collateralized                                               1,286,572  
Collateral held against Federal Reserve notes                                                1,286,572  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,270,335  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,249,065  
  Less: Face value of securities under reverse repurchase agreements                           247,372  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,001,693  

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.