FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 2, 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   Apr 1, 2015 
Federal Reserve Banks                                      Apr 1, 2015 Mar 25, 2015  Apr 2, 2014              

Reserve Bank credit                                         4,443,861   -    9,350   +  252,341    4,443,574  
  Securities held outright (1)                              4,228,393   -    9,445   +  259,461    4,228,384  
    U.S. Treasury securities                                2,459,594   -      116   +  141,112    2,459,578  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,710            0   +  136,747    2,346,709  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    3,904       98,469  
      Inflation compensation (3)                               14,416   -      115   +      463       14,400  
    Federal agency debt securities (2)                         36,877            0   -   10,466       36,877  
    Mortgage-backed securities (4)                          1,731,921   -    9,330   +  128,813    1,731,928  
  Unamortized premiums on securities held outright (5)        202,701   -      632   -    7,036      202,565  
  Unamortized discounts on securities held outright (5)       -17,965   +       36   -      943      -17,953  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            36   +       20   -       66           59  
    Primary credit                                                 23   +       17   +       15           43  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                14   +        4   +        3           17  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       82            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,692            0   +      108        1,691  
  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   -      105            0  
  Float                                                          -488   -       77   +      104         -487  
  Central bank liquidity swaps (11)                               810   +      807   +      403          810  
  Other Federal Reserve assets (12)                            28,682   -       59   +      501       28,505  
Foreign currency denominated assets (13)                       19,656   +       61   -    4,371       19,559  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,587   +       14   +      838       46,587  
                                                                                                              
Total factors supplying reserve funds                       4,526,345   -    9,275   +  248,808    4,525,961  

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   Apr 1, 2015 
Federal Reserve Banks                                      Apr 1, 2015 Mar 25, 2015  Apr 2, 2014              

Currency in circulation (14)                                 1,357,738   +    1,768   +   89,015    1,359,773 
Reverse repurchase agreements (15)                             345,108   +   45,992   +  111,482      353,693 
  Foreign official and international accounts                  147,690   +    6,689   +   50,985      145,815 
  Others                                                       197,418   +   39,303   +   60,497      207,878 
Treasury cash holdings                                             203   +        6   -       75          245 
Deposits with F.R. Banks, other than reserve balances           90,811   -   17,521   -   39,772       80,378 
  Term deposits held by depository institutions                      0            0   -   14,251            0 
  U.S. Treasury, General Account                                75,467   -   10,440   -   20,696       65,529 
  Foreign official                                               5,231   -        8   -    1,753        5,241 
  Other (16)                                                    10,114   -    7,072   -    3,071        9,609 
Other liabilities and capital (17)                              65,140   -      238   +    2,186       64,208 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,859,001   +   30,008   +  162,837    1,858,298 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,667,344   -   39,283   +   85,971    2,667,663 

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   Apr 1, 2015 
                                                           Apr 1, 2015 Mar 25, 2015  Apr 2, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,259,491   +   25,622   -   34,541    3,290,959 
  Marketable U.S. Treasury securities (1)                    2,931,218   +   23,483   -   19,993    2,962,701 
  Federal agency debt and mortgage-backed securities (2)       284,685   +    2,207   -   14,533      284,767 
  Other securities (3)                                          43,588   -       68   -       14       43,491 
Securities lent to dealers                                      12,831   +      232   -    1,457       13,382 
  Overnight facility (4)                                        12,831   +      232   -    1,457       13,382 
    U.S. Treasury securities                                    12,423   +      253   -      534       12,995 
    Federal agency debt securities                                 408   -       21   -      922          387 

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, April 1, 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                                           45            15             0             0             0           ...            59 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1         1,899        63,822     1,112,868       637,917       643,072     2,459,578 
  Weekly changes                                 0             0    +   23,587    -   12,302    -   11,315    -       58    -       88 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     982             0         6,638        26,910             0         2,347        36,877 
  Weekly changes                        +      982    -      982             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         8,364     1,723,549     1,731,928 
  Weekly changes                                 0             0             0             0    +        3    +       17    +       19 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               810             0             0             0             0             0           810 
                                                                                                                                       
Reverse repurchase agreements (4)          353,693             0           ...           ...           ...           ...       353,693 
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   
                                                                                                                       Apr 1, 2015  

Mortgage-backed securities held outright (1)                                                                             1,731,928  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           35,083  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    8  



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   
                                                                                                                       Apr 1, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,691  
                                                                                                                                    
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        Apr 1, 2015   Wednesday    Wednesday  
                                                        consolidation                Mar 25, 2015  Apr 2, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,832   -        7   -      107  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,413,055   -      362   +  249,363  
    Securities held outright (1)                                          4,228,384   -       68   +  257,280  
      U.S. Treasury securities                                            2,459,578   -       88   +  138,925  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,709   -        1   +  134,609  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    3,904  
        Inflation compensation (3)                                           14,400   -       87   +      413  
      Federal agency debt securities (2)                                     36,877            0   -   10,466  
      Mortgage-backed securities (4)                                      1,731,928   +       19   +  128,820  
    Unamortized premiums on securities held outright  
    (5)                                                                     202,565   -      370   -    7,083  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,953   +       31   -      796  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        59   +       44   -       38  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,691   -        1   +      107  
  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   -      105  
  Items in process of collection                                   (0)          110   -       72   -       15  
  Bank premises                                                               2,241   -        7   -       28  
  Central bank liquidity swaps (10)                                             810   +      807   +      403  
  Foreign currency denominated assets (11)                                   19,559   -      253   -    4,454  
  Other assets (12)                                                          26,264   +    1,090   +      279  
                                                                                                               
Total assets                                                       (0)    4,481,799   +    1,196   +  245,358  

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        Apr 1, 2015   Wednesday    Wednesday  
                                                        consolidation                Mar 25, 2015  Apr 2, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,315,259   +    2,345   +   88,309 
  Reverse repurchase agreements (13)                                         353,693   +   74,846   +  156,493 
  Deposits                                                          (0)    2,748,042   -   75,794   -    1,408 
    Term deposits held by depository institutions                                  0            0   -   14,251 
    Other deposits held by depository institutions                         2,667,663   -   70,139   +   55,895 
    U.S. Treasury, General Account                                            65,529   -    5,796   -   41,670 
    Foreign official                                                           5,241   +       16   -    1,739 
    Other (14)                                                      (0)        9,609   +      125   +      357 
  Deferred availability cash items                                  (0)          598   -      147   -      236 
  Other liabilities and accrued dividends (15)                                 6,553   -       95   +      646 
                                                                                                               
Total liabilities                                                   (0)    4,424,144   +    1,155   +  243,803 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,828   +       21   +      778 
  Surplus                                                                     28,828   +       21   +      778 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,656   +       42   +    1,556 

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, April 1, 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                                             1,832          42          70          128         116         301         186         271          24          44         150         181         319
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,413,055      89,269   2,708,536      105,722      96,351     246,645     243,950     180,399      54,431      27,054      58,132     134,465     468,101
    Securities held outright (1)               4,228,384      85,533   2,595,228      101,299      92,320     236,327     233,743     172,820      52,154      25,913      55,698     128,840     448,509
      U.S. Treasury securities                 2,459,578      49,753   1,509,600       58,924      53,701     137,468     135,964     100,526      30,337      15,073      32,398      74,944     260,890
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,578      49,753   1,509,600       58,924      53,701     137,468     135,964     100,526      30,337      15,073      32,398      74,944     260,890
      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)           1,731,928      35,034   1,062,995       41,492      37,814      96,799      95,740      70,786      21,362      10,614      22,814      52,772     183,707
    Unamortized premiums on securities held 
      outright (5)                               202,565       4,098     124,327        4,853       4,423      11,321      11,198       8,279       2,498       1,241       2,668       6,172      21,486
    Unamortized discounts on securities     
      held outright (5)                          -17,953        -363     -11,019         -430        -392      -1,003        -992        -734        -221        -110        -236        -547      -1,904
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             59           2           0            0           0           0           2          33           0          10           2           0          10
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,691           0       1,691            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                     110           0           0            0           0           0         110           0           0           0           0           0           0
  Bank premises                                    2,241         124         430           74         109         218         210         201         120          95         240         221         199
  Central bank liquidity swaps (10)                  810          37         261           45          63         186          46          22           8           3           9          12         119
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,559         887       6,307        1,093       1,525       4,488       1,113         525         182          82         206         282       2,872
  Other assets (12)                               26,264         574      15,535          638         587       1,633       1,478       1,083         546         194         381         819       2,795
  Interdistrict settlement account                     0  +   37,487  -  280,682   +   16,078  +   40,878  +   22,897  +   10,436  -    2,727  +      406  +    7,823  +   10,119  +   30,639  +  106,644
                                                                                                                                                                                                         
Total assets                                   4,481,799     128,967   2,458,092      124,326     140,330     277,605     259,532     180,904      56,146      35,560      69,679     167,781     582,879

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, April 1, 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            1,497,639      50,781     474,464      49,944      73,390     104,944     210,532     106,466      45,083      26,968      42,369     121,656     191,043
    Less: Notes held by F.R. Banks               182,380       5,251      62,994       5,549       9,736      12,217      22,812      11,858       5,189       3,289       5,074      14,022      24,390
      Federal Reserve notes, net               1,315,259      45,530     411,470      44,395      63,654      92,727     187,720      94,608      39,895      23,678      37,295     107,634     166,653
  Reverse repurchase agreements (13)             353,693       7,155     217,084       8,473       7,722      19,768      19,552      14,456       4,363       2,168       4,659      10,777      37,517
  Deposits                                     2,748,042      73,536   1,807,270      68,025      64,263     151,447      48,106      69,957      11,195       9,202      26,987      48,291     369,762
    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                           2,667,663      73,530   1,727,205      67,997      64,260     151,198      48,095      69,953      11,195       9,202      26,986      48,290     369,753
    U.S. Treasury, General Account                65,529           0      65,529           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,241           2       5,214           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,609           4       9,322          25           0         240           9           2           0           0           1           1           4
  Deferred availability cash items                   598           0           0           0           0           0         470           0           0         128           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,564          23       1,082          23           4          26         101          64          22           5          20          56         138
  Other liabilities and accrued             
     dividends (16)                                4,988         141       2,475         189         208         506         315         249         128         128         114         175         362
                                                                                                                                                                                                        
Total liabilities                              4,424,144     126,384   2,439,381     121,105     135,851     264,474     256,264     179,334      55,602      35,308      69,075     166,934     574,432
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,828       1,292       9,356       1,611       2,239       6,565       1,634         785         272         126         302         423       4,223
  Surplus                                         28,828       1,292       9,356       1,611       2,239       6,565       1,634         785         272         126         302         423       4,223
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,481,799     128,967   2,458,092     124,326     140,330     277,605     259,532     180,904      56,146      35,560      69,679     167,781     582,879

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, April 1, 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   
                                                                                           Apr 1, 2015  

Federal Reserve notes outstanding                                                            1,497,639  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,380  
    Federal Reserve notes to be collateralized                                               1,315,259  
Collateral held against Federal Reserve notes                                                1,315,259  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,299,022  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,228,384  
  Less: Face value of securities under reverse repurchase agreements                           327,455  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,900,929  

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.