FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    March 5, 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   Mar 4, 2015 
Federal Reserve Banks                                      Mar 4, 2015 Feb 25, 2015  Mar 5, 2014              

Reserve Bank credit                                         4,448,700   -   10,678   +  325,317    4,448,934  
  Securities held outright (1)                              4,237,182   -   10,036   +  331,440    4,237,130  
    U.S. Treasury securities                                2,460,082   -      144   +  175,851    2,460,028  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  169,448    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    4,864       98,469  
      Inflation compensation (3)                               14,902   -      144   +    1,539       14,849  
    Federal agency debt securities (2)                         36,877            0   -   14,534       36,877  
    Mortgage-backed securities (4)                          1,740,223   -    9,892   +  170,123    1,740,225  
  Unamortized premiums on securities held outright (5)        204,410   -      656   -    4,831      204,251  
  Unamortized discounts on securities held outright (5)       -18,104   +       34   -    2,355      -18,091  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            19   +       13   -       81           18  
    Primary credit                                                 15   +       13   +       11           12  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 4            0   +        2            6  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       95            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,686            0   +      105        1,686  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      106            0  
  Float                                                          -430   +       22   +      219         -456  
  Central bank liquidity swaps (11)                                 0   -        3   -      458            0  
  Other Federal Reserve assets (12)                            23,937   -       51   +    1,471       24,395  
Foreign currency denominated assets (13)                       20,017   -      236   -    4,116       19,876  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,427   +       14   +      750       46,427  
                                                                                                              
Total factors supplying reserve funds                       4,531,385   -   10,900   +  321,951    4,531,479  

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   Mar 4, 2015 
Federal Reserve Banks                                      Mar 4, 2015 Feb 25, 2015  Mar 5, 2014              

Currency in circulation (14)                                 1,352,226   +    2,884   +   98,425    1,354,771 
Reverse repurchase agreements (15)                             314,359   +    8,199   +  116,174      277,168 
  Foreign official and international accounts                  132,964   +    4,308   +   32,902      132,068 
  Others                                                       181,395   +    3,892   +   83,272      145,100 
Treasury cash holdings                                             216   -        9   -       54          213 
Deposits with F.R. Banks, other than reserve balances          277,933   -  214,649   +  213,188      280,422 
  Term deposits held by depository institutions                216,067   -  188,083   +  216,067      216,067 
  U.S. Treasury, General Account                                49,803   -   18,311   +    4,409       52,446 
  Foreign official                                               5,222   -       22   -    2,752        5,212 
  Other (16)                                                     6,840   -    8,234   -    4,538        6,697 
Other liabilities and capital (17)                              64,556   -      456   +    1,731       64,236 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,009,290   -  204,032   +  429,464    1,976,810 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,522,095   +  193,132   -  107,513    2,554,669 

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   Mar 4, 2015 
                                                           Mar 4, 2015 Feb 25, 2015  Mar 5, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,255,573   -   10,867   -   65,735    3,252,989 
  Marketable U.S. Treasury securities (1)                    2,927,990   -   11,774   -   40,605    2,924,788 
  Federal agency debt and mortgage-backed securities (2)       284,281   +      894   -   22,953      284,775 
  Other securities (3)                                          43,302   +       13   -    2,178       43,427 
Securities lent to dealers                                      12,541   -    1,233   +    2,550       11,377 
  Overnight facility (4)                                        12,541   -    1,233   +    2,550       11,377 
    U.S. Treasury securities                                    12,079   -    1,249   +    3,351       10,886 
    Federal agency debt securities                                 462   +       17   -      801          491 

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, March 4, 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                                           15             3             0             0             0           ...            18 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1         1,900        40,235     1,125,222       649,302       643,368     2,460,028 
  Weekly changes                        +        1             0    +   31,838    -   22,220    -    9,665    -       92    -      139 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         4,577        28,971             0         2,347        36,877 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            16         8,510     1,731,699     1,740,225 
  Weekly changes                                 0             0             0    +        1    +      723    -      706    +       17 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          277,168             0           ...           ...           ...           ...       277,168 
Term deposits                              216,067             0             0           ...           ...           ...       216,067 

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   
                                                                                                                       Mar 4, 2015  

Mortgage-backed securities held outright (1)                                                                             1,740,225  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           28,725  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   42  



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   
                                                                                                                       Mar 4, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,686  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of December 31, 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        Mar 4, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 25, 2015  Mar 5, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,870   -       28   -      119  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,423,308   -      452   +  320,061  
    Securities held outright (1)                                          4,237,130   -      121   +  327,148  
      U.S. Treasury securities                                            2,460,028   -      139   +  171,575  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711            0   +  165,272  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    4,861  
        Inflation compensation (3)                                           14,849   -      138   +    1,443  
      Federal agency debt securities (2)                                     36,877            0   -   14,534  
      Mortgage-backed securities (4)                                      1,740,225   +       17   +  170,106  
    Unamortized premiums on securities held outright  
    (5)                                                                     204,251   -      371   -    4,864  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,091   +       31   -    2,140  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        18   +       10   -       83  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686            0   +      105  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -      106  
  Items in process of collection                                   (0)          210   +       18   +      111  
  Bank premises                                                               2,247   -        5   -       27  
  Central bank liquidity swaps (10)                                               0   -        3   -      458  
  Foreign currency denominated assets (11)                                   19,876   -      376   -    4,160  
  Other assets (12)                                                          22,147   +    1,701   +      498  
                                                                                                               
Total assets                                                       (0)    4,487,583   +      858   +  315,821  

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        Mar 4, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 25, 2015  Mar 5, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,310,423   +    3,575   +   95,349 
  Reverse repurchase agreements (13)                                         277,168   -   29,003   +  104,442 
  Deposits                                                          (0)    2,835,091   +   25,693   +  114,871 
    Term deposits held by depository institutions                            216,067   -  188,083   +  216,067 
    Other deposits held by depository institutions                         2,554,669   +  207,671   -  104,400 
    U.S. Treasury, General Account                                            52,446   +    5,732   +    6,702 
    Foreign official                                                           5,212   -        1   -    2,760 
    Other (14)                                                      (0)        6,697   +      374   -      738 
  Deferred availability cash items                                  (0)          666   -      101   -      247 
  Other liabilities and accrued dividends (15)                                 6,667   +      684   -       88 
                                                                                                               
Total liabilities                                                   (0)    4,430,014   +      846   +  314,326 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,785   +        6   +      748 
  Surplus                                                                     28,785   +        6   +      748 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,569   +       12   +    1,495 

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, March 4, 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                                             1,870          38          75          132         119         304         191         282          21          46         153         178         330
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,423,308      89,478   2,714,855      105,969      96,576     247,221     244,517     180,786      54,558      27,110      58,266     134,780     469,194
    Securities held outright (1)               4,237,130      85,710   2,600,596      101,509      92,511     236,816     234,226     173,177      52,262      25,967      55,813     129,106     449,437
      U.S. Treasury securities                 2,460,028      49,762   1,509,876       58,935      53,711     137,493     135,989     100,545      30,343      15,076      32,404      74,958     260,938
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,028      49,762   1,509,876       58,935      53,711     137,493     135,989     100,545      30,343      15,076      32,404      74,958     260,938
      Federal agency debt securities (2)          36,877         746      22,634          883         805       2,061       2,039       1,507         455         226         486       1,124       3,912
      Mortgage-backed securities (4)           1,740,225      35,202   1,068,087       41,690      37,995      97,262      96,199      71,125      21,464      10,665      22,923      53,025     184,587
    Unamortized premiums on securities held 
      outright (5)                               204,251       4,132     125,362        4,893       4,460      11,416      11,291       8,348       2,519       1,252       2,690       6,224      21,665
    Unamortized discounts on securities     
      held outright (5)                          -18,091        -366     -11,104         -433        -395      -1,011      -1,000        -739        -223        -111        -238        -551      -1,919
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             18           3           0            0           0           0           0           0           0           2           1           1          11
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,686           0       1,686            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     210           0           0            0           0           0         209           0           0           0           0           0           0
  Bank premises                                    2,247         124         432           74         110         218         210         201         121          95         240         222         200
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,876         901       6,408        1,110       1,549       4,560       1,131         534         185          83         209         286       2,918
  Other assets (12)                               22,147         487      13,028          536         494       1,406       1,249         914         488         167         323         704       2,352
  Interdistrict settlement account                     0  +   27,481  -  245,283   +   20,767  +   37,479  +   24,181  +    7,699  -    6,521  +      466  +    7,193  +    9,329  +   27,417  +   89,792
                                                                                                                                                                                                         
Total assets                                   4,487,583     119,058   2,497,145      129,136     137,028     279,126     257,209     177,326      56,267      34,958      68,965     164,749     566,617

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, March 4, 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            1,493,104      50,309     473,771      48,937      72,313     105,068     211,711     104,539      44,747      26,554      41,889     121,886     191,380
    Less: Notes held by F.R. Banks               182,681       5,368      65,259       5,778       9,841      12,382      22,324      11,722       4,429       3,151       5,386      13,119      23,921
      Federal Reserve notes, net               1,310,423      44,941     408,512      43,159      62,472      92,686     189,387      92,816      40,318      23,403      36,502     108,767     167,458
  Reverse repurchase agreements (13)             277,168       5,607     170,115       6,640       6,052      15,491      15,322      11,328       3,419       1,699       3,651       8,445      29,399
  Deposits                                     2,835,091      65,765   1,896,181      75,910      63,834     157,300      48,233      71,309      11,833       9,383      28,074      46,467     360,803
    Term deposits held by depository        
        institutions                             216,067          45     116,464      40,430         100       1,554         803      11,020          30           0       1,620       1,951      42,050
    Other deposits held by depository       
        institutions                           2,554,669      65,715   1,715,572      35,452      63,731     155,613      47,418      60,274      11,802       9,383      26,452      44,514     318,743
    U.S. Treasury, General Account                52,446           0      52,446           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,212           2       5,185           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     6,697           3       6,516          25           0         124           9          13           0           0           2           1           4
  Deferred availability cash items                   666           0           0           0           0           0         576           0           0          90           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,038          28       1,364          33          18          37         128          92          31          16          25          69         197
  Other liabilities and accrued             
     dividends (16)                                4,629         135       2,270         180         189         486         296         236         122         127         110         166         311
                                                                                                                                                                                                        
Total liabilities                              4,430,014     116,476   2,478,444     125,922     132,565     266,000     253,942     175,781      55,723      34,717      68,362     163,914     558,169
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,785       1,291       9,351       1,607       2,231       6,563       1,634         772         272         121         301         418       4,224
  Surplus                                         28,785       1,291       9,351       1,607       2,231       6,563       1,634         772         272         121         301         418       4,224
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,487,583     119,058   2,497,145     129,136     137,028     279,126     257,209     177,326      56,267      34,958      68,965     164,749     566,617

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, March 4, 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   
                                                                                           Mar 4, 2015  

Federal Reserve notes outstanding                                                            1,493,104  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,681  
    Federal Reserve notes to be collateralized                                               1,310,423  
Collateral held against Federal Reserve notes                                                1,310,423  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,294,186  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,130  
  Less: Face value of securities under reverse repurchase agreements                           252,113  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,985,017  

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.