FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 21, 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  May 20, 2015 
Federal Reserve Banks                                     May 20, 2015 May 13, 2015 May 21, 2014              

Reserve Bank credit                                         4,443,185   +    3,951   +  166,315    4,442,039  
  Securities held outright (1)                              4,233,251   +   14,650   +  173,566    4,233,844  
    U.S. Treasury securities                                2,460,430   +      152   +   97,246    2,460,486  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,643            0   +   94,518    2,346,643  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    2,466       98,534  
      Inflation compensation (3)                               15,254   +      153   +      264       15,309  
    Federal agency debt securities (2)                         35,895            0   -    8,187       35,895  
    Mortgage-backed securities (4)                          1,736,926   +   14,498   +   84,507    1,737,463  
  Unamortized premiums on securities held outright (5)        200,593   +      172   -    9,311      200,464  
  Unamortized discounts on securities held outright (5)       -17,732   +       30   +      129      -17,719  
  Repurchase agreements (6)                                       120   +      120   +      120          620  
  Loans                                                            93   +       21   -       45           95  
    Primary credit                                                  4            0   -       10            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                89   +       21   +       45           91  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       81            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,697   +        9   +       41        1,697  
  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   -       91            0  
  Float                                                          -424   +       51   +      187         -416  
  Central bank liquidity swaps (11)                                 0            0   -      300            0  
  Other Federal Reserve assets (12)                            25,585   -   11,104   +    2,102       23,454  
Foreign currency denominated assets (13)                       20,150   +       66   -    3,951       19,796  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,769   +       14   +      907       46,769  
                                                                                                              
Total factors supplying reserve funds                       4,526,345   +    4,030   +  163,270    4,524,846  

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  May 20, 2015 
Federal Reserve Banks                                     May 20, 2015 May 13, 2015 May 21, 2014              

Currency in circulation (14)                                 1,364,128   +      472   +   88,681    1,366,219 
Reverse repurchase agreements (15)                             256,025   +   16,481   -   55,831      308,260 
  Foreign official and international accounts                  154,324   +    4,750   +   47,931      153,915 
  Others                                                       101,700   +   11,729   -  103,763      154,345 
Treasury cash holdings                                             195   -       28   -       10          175 
Deposits with F.R. Banks, other than reserve balances          204,493   -   28,137   +  150,960      196,962 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               181,641   -   34,570   +  143,896      173,749 
  Foreign official                                               5,239   +        3   -    2,556        5,231 
  Other (16)                                                    17,614   +    6,431   +    9,622       17,982 
Other liabilities and capital (17)                              66,386   -      559   +    2,081       65,085 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,891,227   -   11,771   +  185,881    1,936,700 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,635,118   +   15,801   -   22,611    2,588,146 

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  May 20, 2015 
                                                          May 20, 2015 May 13, 2015 May 21, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,324,628   +    8,031   +   52,405    3,321,464 
  Marketable U.S. Treasury securities (1)                    2,989,773   +    3,485   +   52,363    2,987,685 
  Federal agency debt and mortgage-backed securities (2)       289,368   +    4,145   -    3,083      288,205 
  Other securities (3)                                          45,487   +      401   +    3,125       45,574 
Securities lent to dealers                                      11,895   +      640   +    2,077       10,613 
  Overnight facility (4)                                        11,895   +      640   +    2,077       10,613 
    U.S. Treasury securities                                    11,628   +      653   +    2,756       10,348 
    Federal agency debt securities                                 266   -       14   -      680          265 

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, May 20, 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                                           90             5             0             0             0           ...            95 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,289       104,318     1,119,196       591,648       644,035     2,460,486 
  Weekly changes                        -    1,448    +    1,287    +   12,735    +   28,470    -   41,355    +      463    +      152 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           802         9,997        22,749             0         2,347        35,895 
  Weekly changes                                 0             0    +    2,000    -    2,000             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            25         9,710     1,727,728     1,737,463 
  Weekly changes                                 0             0             0             0    +      196    -    6,572    -    6,377 
Repurchase agreements (4)                      620             0           ...           ...           ...           ...           620 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          308,260             0           ...           ...           ...           ...       308,260 
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   
                                                                                                                      May 20, 2015  

Mortgage-backed securities held outright (1)                                                                             1,737,463  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           32,077  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 20, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,697  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 20, 2015   Wednesday    Wednesday  
                                                        consolidation                May 13, 2015 May 21, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,816   -        4   -       78  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,417,304   -    6,110   +  157,981  
    Securities held outright (1)                                          4,233,844   -    6,225   +  166,711  
      U.S. Treasury securities                                            2,460,486   +      152   +   93,250  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,643            0   +   90,524  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    2,466  
        Inflation compensation (3)                                           15,309   +      152   +      260  
      Federal agency debt securities (2)                                     35,895            0   -    8,187  
      Mortgage-backed securities (4)                                      1,737,463   -    6,377   +   81,648  
    Unamortized premiums on securities held outright  
    (5)                                                                     200,464   -      547   -    9,471  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,719   +       31   +      174  
    Repurchase agreements (6)                                                   620   +      620   +      620  
    Loans                                                                        95   +       10   -       52  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,697            0   +       41  
  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   -       91  
  Items in process of collection                                   (0)           81   +       18   -        8  
  Bank premises                                                               2,241   +        2   -       28  
  Central bank liquidity swaps (10)                                               0            0   -      300  
  Foreign currency denominated assets (11)                                   19,796   -      461   -    4,254  
  Other assets (12)                                                          21,213   -   14,248   -      353  
                                                                                                               
Total assets                                                       (0)    4,480,384   -   20,804   +  152,824  

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       May 20, 2015   Wednesday    Wednesday  
                                                        consolidation                May 13, 2015 May 21, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,321,436   +    1,415   +   87,845 
  Reverse repurchase agreements (13)                                         308,260   +   64,491   -   16,441 
  Deposits                                                          (0)    2,785,107   -   83,286   +   79,870 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,588,146   -   55,699   -   69,987 
    U.S. Treasury, General Account                                           173,749   -   31,643   +  142,621 
    Foreign official                                                           5,231            0   -    2,546 
    Other (14)                                                      (0)       17,982   +    4,057   +    9,784 
  Deferred availability cash items                                  (0)          497   -      103   -      156 
  Other liabilities and accrued dividends (15)                                 6,985   -    3,343   -       51 
                                                                                                               
Total liabilities                                                   (0)    4,422,284   -   20,827   +  151,067 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,050   +       11   +      878 
  Surplus                                                                     29,050   +       11   +      878 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,101   +       24   +    1,758 

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, May 20, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,816          34          65          128         122         295         188         269          23          46         146         186         314
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,417,304     111,976   2,651,704      109,863     106,200     239,914     248,756     164,136      46,069      26,906      57,391     142,296     512,092
    Securities held outright (1)               4,233,844     107,326   2,541,627      105,303     101,792     229,955     238,417     157,306      44,153      25,749      55,000     136,386     490,832
      U.S. Treasury securities                 2,460,486      62,372   1,477,059       61,196      59,156     133,638     138,555      91,418      25,659      14,964      31,963      79,260     285,245
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,486      62,372   1,477,059       61,196      59,156     133,638     138,555      91,418      25,659      14,964      31,963      79,260     285,245
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,737,463      44,044   1,043,020       43,214      41,773      94,368      97,840      64,554      18,119      10,567      22,571      55,969     201,425
    Unamortized premiums on securities held 
      outright (5)                               200,464       5,082     120,341        4,986       4,820      10,888      11,289       7,448       2,091       1,219       2,604       6,458      23,240
    Unamortized discounts on securities     
      held outright (5)                          -17,719        -449     -10,637         -441        -426        -962        -998        -658        -185        -108        -230        -571      -2,054
    Repurchase agreements (6)                        620          16         372           15          15          34          35          23           6           4           8          20          72
    Loans                                             95           2           0            0           0           0          14          17           4          42           9           3           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,697           0       1,697            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                      81           0           0            0           0           0          80           0           0           1           0           0           0
  Bank premises                                    2,241         125         432           74         109         217         210         201         120          94         240         221         198
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,796         897       6,383        1,106       1,543       4,542       1,126         532         184          83         208         285       2,906
  Other assets (12)                               21,213         581      12,197          542         525       1,327       1,210         796         322         163         317         775       2,459
  Interdistrict settlement account                     0  +   11,341  -   74,755   +    6,573  +   14,749  +    7,191  -   10,221  +    8,019  +    3,761  +    4,579  +    4,557  +    8,233  +   15,974
                                                                                                                                                                                                         
Total assets                                   4,480,384     125,497   2,603,250      118,837     123,989     254,681     243,603     175,111      50,928      32,132      63,300     153,169     535,887

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, May 20, 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            1,502,591      50,408     481,761      50,891      78,431     104,378     208,718     106,437      44,799      26,745      41,911     120,197     187,913
    Less: Notes held by F.R. Banks               181,155       5,330      62,239       5,356       9,368      12,217      23,207      11,344       4,800       2,875       4,750      14,009      25,660
      Federal Reserve notes, net               1,321,436      45,079     419,521      45,535      69,064      92,161     185,512      95,093      39,999      23,871      37,161     106,188     162,253
  Reverse repurchase agreements (13)             308,260       7,814     185,052       7,667       7,411      16,743      17,359      11,453       3,215       1,875       4,004       9,930      35,737
  Deposits                                     2,785,107      69,796   1,976,059      62,173      42,782     132,035      36,697      66,661       7,001       5,792      21,384      35,937     328,789
    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                           2,588,146      69,792   1,779,312      62,134      42,779     131,891      36,688      66,658       7,000       5,792      21,383      35,935     328,781
    U.S. Treasury, General Account               173,749           0     173,749           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (14)                                    17,982           3      17,795          37           0         135           7           2           0           0           1           1           2
  Deferred availability cash items                   497           0           0           0           0           0         303           0           0         194           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,225          19         891          12           0         -21          72          46          10           5          16          49         126
  Other liabilities and accrued             
     dividends                                     5,759         189       2,713         227         247         623         380         281         141         140         129         206         484
                                                                                                                                                                                                        
Total liabilities                              4,422,284     122,897   2,584,237     115,614     119,503     241,540     240,323     173,534      50,365      31,876      62,695     152,311     527,389
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,050       1,300       9,507       1,612       2,243       6,571       1,640         788         281         128         303         429       4,249
  Surplus                                         29,050       1,300       9,507       1,612       2,243       6,571       1,640         788         281         128         303         429       4,249
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,480,384     125,497   2,603,250     118,837     123,989     254,681     243,603     175,111      50,928      32,132      63,300     153,169     535,887

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, May 20, 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   
                                                                                          May 20, 2015  

Federal Reserve notes outstanding                                                            1,502,591  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,155  
    Federal Reserve notes to be collateralized                                               1,321,436  
Collateral held against Federal Reserve notes                                                1,321,436  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,305,199  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,234,464  
  Less: Face value of securities under reverse repurchase agreements                           286,286  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,948,178  

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.