FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  January 8, 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 7, 2015 
Federal Reserve Banks                                      Jan 7, 2015 Dec 31, 2014  Jan 8, 2014              

Reserve Bank credit                                         4,459,122   -      567   +  476,437    4,459,910  
  Securities held outright (1)                              4,236,793   -    1,611   +  480,316    4,236,740  
    U.S. Treasury securities                                2,461,278   -      110   +  251,741    2,461,224  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,712            0   +  242,042    2,346,712  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    7,090       98,469  
      Inflation compensation (3)                               16,098   -      109   +    2,610       16,043  
    Federal agency debt securities (2)                         38,677            0   -   18,097       38,677  
    Mortgage-backed securities (4)                          1,736,838   -    1,501   +  246,672    1,736,839  
  Unamortized premiums on securities held outright (5)        206,609   -      407   -    1,734      206,465  
  Unamortized discounts on securities held outright (5)       -18,375   +       31   -    5,972      -18,363  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            59   -       76   -       71           23  
    Primary credit                                                 41   -        9   +       29           17  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                17   -       68   -        4            6  
    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)                 1,678            0   +      137        1,678  
  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   -      108            0  
  Float                                                          -575   -      139   +       79         -632  
  Central bank liquidity swaps (11)                             1,528   +      856   +    1,267        1,528  
  Other Federal Reserve assets (12)                            31,405   +      778   +    2,609       32,471  
Foreign currency denominated assets (13)                       20,872   -      177   -    2,838       20,702  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,367   +       14   +      833       46,367  
                                                                                                              
Total factors supplying reserve funds                       4,542,602   -      730   +  474,432    4,543,220  

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 7, 2015 
Federal Reserve Banks                                      Jan 7, 2015 Dec 31, 2014  Jan 8, 2014              

Currency in circulation (14)                                 1,341,157   -      415   +  103,742    1,337,992 
Reverse repurchase agreements (15)                             344,153   -    2,298   +  170,156      241,437 
  Foreign official and international accounts                  107,320   +    2,638   -    4,557       97,688 
  Others                                                       236,833   -    4,936   +  174,713      143,749 
Treasury cash holdings                                             202   +        5   -       35          204 
Deposits with F.R. Banks, other than reserve balances          193,850   -   22,995   +   52,209      190,740 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               176,817   -   15,246   +   57,559      176,363 
  Foreign official                                               5,216   +        2   -    2,847        5,211 
  Other (16)                                                    11,817   -    7,750   -    2,503        9,166 
Other liabilities and capital (17)                              62,644   -      837   +      803       62,574 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,942,004   -   26,542   +  326,873    1,832,947 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,600,598   +   25,814   +  147,559    2,710,273 

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 7, 2015 
                                                           Jan 7, 2015 Dec 31, 2014  Jan 8, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,300,823   +    7,671   -   51,722    3,297,796 
  Marketable U.S. Treasury securities (1)                    2,968,179   +    8,194   -   29,023    2,965,405 
  Federal agency debt and mortgage-backed securities (2)       290,906   -      444   -   21,003      290,849 
  Other securities (3)                                          41,738   -       79   -    1,696       41,542 
Securities lent to dealers                                      10,719   -      116   -    2,099       11,005 
  Overnight facility (4)                                        10,719   -      116   -    2,099       11,005 
    U.S. Treasury securities                                    10,099   -       63   -    1,621       10,411 
    Federal agency debt securities                                 619   -       54   -      479          594 

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 7, 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                                           18             5             0             0             0           ...            23 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             5         3,516     1,112,908       686,609       658,187     2,461,224 
  Weekly changes                                 0             0             0    -       19    -       18    -      102    -      140 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,089           711         3,933        30,597             0         2,347        38,677 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            14         6,531     1,730,294     1,736,839 
  Weekly changes                                 0             0             0    +        2    +       78    -       73    +        7 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)             1,528             0             0             0             0             0         1,528 
                                                                                                                                       
Reverse repurchase agreements (4)          241,437             0           ...           ...           ...           ...       241,437 
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 7, 2015  

Mortgage-backed securities held outright (1)                                                                             1,736,839  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           32,119  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    7  



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 7, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,678  
                                                                                                                                    
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 7, 2015   Wednesday    Wednesday  
                                                        consolidation                Dec 31, 2014  Jan 8, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,876   +        3   -       93  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,424,865   -      595   +  470,389  
    Securities held outright (1)                                          4,236,740   -      133   +  477,992  
      U.S. Treasury securities                                            2,461,224   -      140   +  248,300  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,712            0   +  238,637  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    7,090  
        Inflation compensation (3)                                           16,043   -      140   +    2,573  
      Federal agency debt securities (2)                                     38,677            0   -   16,980  
      Mortgage-backed securities (4)                                      1,736,839   +        7   +  246,672  
    Unamortized premiums on securities held outright  
    (5)                                                                     206,465   -      370   -    1,784  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,363   +       31   -    5,721  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        23   -      122   -       98  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,678            0   +      137  
  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   -      107  
  Items in process of collection                                   (0)          167   +       81   +       35  
  Bank premises                                                               2,260   -        4   -       26  
  Central bank liquidity swaps (10)                                           1,528            0   +    1,269  
  Foreign currency denominated assets (11)                                   20,702   -      369   -    2,939  
  Other assets (12)                                                          30,211   +    2,748   +    2,760  
                                                                                                               
Total assets                                                       (0)    4,499,524   +    1,864   +  471,339  

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 7, 2015   Wednesday    Wednesday  
                                                        consolidation                Dec 31, 2014  Jan 8, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,293,701   -    5,024   +  102,941 
  Reverse repurchase agreements (13)                                         241,437   -  268,400   +   90,711 
  Deposits                                                          (0)    2,901,013   +  274,004   +  278,036 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,710,273   +  332,277   +  220,141 
    U.S. Treasury, General Account                                           176,363   -   47,089   +   65,605 
    Foreign official                                                           5,211   -       31   -    2,836 
    Other (14)                                                      (0)        9,166   -   11,154   -    4,874 
  Deferred availability cash items                                  (0)          798   +      157   +       33 
  Other liabilities and accrued dividends (15)                                 5,426   +    1,122   -    2,509 
                                                                                                               
Total liabilities                                                   (0)    4,442,376   +    1,860   +  469,213 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,574   +        2   +    1,063 
  Surplus                                                                     28,574   +        2   +    1,063 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,148   +        4   +    2,126 

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 7, 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                                             1,876          30          79          121         120         306         207         280          23          45         153         189         322
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,424,865      89,507   2,715,808      106,006      96,610     247,307     244,603     180,864      54,577      27,122      58,287     134,826     469,348
    Securities held outright (1)               4,236,740      85,702   2,600,357      101,499      92,503     236,794     234,205     173,161      52,257      25,964      55,808     129,095     449,395
      U.S. Treasury securities                 2,461,224      49,786   1,510,610       58,963      53,737     137,559     136,055     100,594      30,357      15,083      32,420      74,994     261,065
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,224      49,786   1,510,610       58,963      53,737     137,559     136,055     100,594      30,357      15,083      32,420      74,994     261,065
      Federal agency debt securities (2)          38,677         782      23,739          927         844       2,162       2,138       1,581         477         237         509       1,178       4,103
      Mortgage-backed securities (4)           1,736,839      35,133   1,066,008       41,609      37,921      97,073      96,011      70,987      21,423      10,644      22,878      52,922     184,228
    Unamortized premiums on securities held 
      outright (5)                               206,465       4,176     126,721        4,946       4,508      11,539      11,413       8,439       2,547       1,265       2,720       6,291      21,900
    Unamortized discounts on securities     
      held outright (5)                          -18,363        -371     -11,271         -440        -401      -1,026      -1,015        -751        -226        -113        -242        -560      -1,948
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             23           1           1            0           0           0           0          14           0           5           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,678           0       1,678            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                     167           0           0            1           0           0         165           0           0           0           0           0           0
  Bank premises                                    2,260         125         436           75         110         219         212         199         122          96         241         223         201
  Central bank liquidity swaps (10)                1,528          70         491          115         122         319          88          42          13           6          16          26         221
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,702         941       6,660        1,556       1,646       4,316       1,190         572         174          88         218         346       2,995
  Other assets (12)                               30,211         642      18,305          722         663       1,828       1,671       1,224         429         216         424         940       3,146
  Interdistrict settlement account                     0  +   20,214  -   82,017   -    8,170  +   23,455  -      361  -    1,617  -   13,414  -    6,072  +    2,645  +    1,922  +   12,839  +   50,576
                                                                                                                                                                                                         
Total assets                                   4,499,524     112,078   2,667,383      100,975     123,427     255,170     248,522     170,897      49,695      30,481      61,706     150,550     528,640

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 7, 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            1,470,343      46,310     474,838      46,726      69,137     103,744     213,676     101,512      41,827      23,403      38,495     120,247     190,426
    Less: Notes held by F.R. Banks               176,641       4,854      57,761       5,442       8,394      11,700      23,114      10,825       4,942       3,133       4,715      15,410      26,353
      Federal Reserve notes, net               1,293,701      41,456     417,078      41,285      60,743      92,044     190,562      90,688      36,885      20,270      33,780     104,838     164,073
  Reverse repurchase agreements (13)             241,437       4,884     148,185       5,784       5,271      13,494      13,347       9,868       2,978       1,480       3,180       7,357      25,609
  Deposits                                     2,901,013      62,989   2,080,960      50,535      52,778     136,070      40,385      68,503       9,159       8,182      24,026      37,312     330,114
    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                           2,710,273      62,985   1,890,383      50,508      52,774     135,979      40,376      68,490       9,158       8,182      24,024      37,309     330,104
    U.S. Treasury, General Account               176,363           0     176,363           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,211           2       5,184           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     9,166           2       9,031          24           0          83           6          12           0           0           1           3           4
  Deferred availability cash items                   798           0           0           0           0           0         605           0           0         193           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,769          27       1,185          27          18          48         101          75          22          10          22          59         173
  Other liabilities and accrued             
     dividends (16)                                3,658         131       1,559         151         156         399         271         229         118         106          98         161         279
                                                                                                                                                                                                        
Total liabilities                              4,442,376     109,487   2,648,968      97,782     118,966     242,056     245,270     169,363      49,162      30,241      61,106     149,727     520,249
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,574       1,296       9,208       1,597       2,230       6,557       1,626         767         266         120         300         412       4,196
  Surplus                                         28,574       1,296       9,208       1,597       2,230       6,557       1,626         767         266         120         300         412       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,499,524     112,078   2,667,383     100,975     123,427     255,170     248,522     170,897      49,695      30,481      61,706     150,550     528,640

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 7, 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 7, 2015  

Federal Reserve notes outstanding                                                            1,470,343  
  Less: Notes held by F.R. Banks not subject to collateralization                              176,641  
    Federal Reserve notes to be collateralized                                               1,293,701  
Collateral held against Federal Reserve notes                                                1,293,701  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,277,464  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,236,740  
  Less: Face value of securities under reverse repurchase agreements                           218,016  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,018,724  

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.