FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 23, 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  Jul 22, 2015 
Federal Reserve Banks                                     Jul 22, 2015 Jul 15, 2015 Jul 23, 2014              

Reserve Bank credit                                         4,461,067   +   12,000   +   97,442    4,462,536  
  Securities held outright (1)                              4,244,822   +   10,983   +  108,210    4,245,923  
    U.S. Treasury securities                                2,461,322   +      132   +   48,804    2,461,370  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,641            0   +   47,540    2,346,641  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    1,207       98,534  
      Inflation compensation (3)                               16,146   +      131   +       55       16,194  
    Federal agency debt securities (2)                         35,208   -      687   -    7,442       35,093  
    Mortgage-backed securities (4)                          1,748,293   +   11,539   +   66,850    1,749,460  
  Unamortized premiums on securities held outright (5)        197,640   -       54   -   11,866      197,502  
  Unamortized discounts on securities held outright (5)       -17,440   +       25   +    1,109      -17,428  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           192   +       22   -       58          197  
    Primary credit                                                  2            0   -        9            4  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               190   +       22   +        1          193  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       49            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,698            0   +       37        1,698  
  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   -       60            0  
  Float                                                          -332   +      135   +      212         -374  
  Central bank liquidity swaps (11)                               659   +      351   +      582          659  
  Other Federal Reserve assets (12)                            33,828   +      538   -      641       34,359  
Foreign currency denominated assets (13)                       19,403   -      286   -    4,498       19,414  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,939   +       14   +      925       46,939  
                                                                                                              
Total factors supplying reserve funds                       4,543,651   +   11,728   +   93,869    4,545,130  

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  Jul 22, 2015 
Federal Reserve Banks                                     Jul 22, 2015 Jul 15, 2015 Jul 23, 2014              

Currency in circulation (14)                                 1,369,754   -      493   +   86,028    1,370,677 
Reverse repurchase agreements (15)                             265,730   -    4,326   +   45,193      266,195 
  Foreign official and international accounts                  150,938   -    2,930   +   46,500      153,500 
  Others                                                       114,792   -    1,396   -    1,307      112,695 
Treasury cash holdings                                              96   +       15   -       42           95 
Deposits with F.R. Banks, other than reserve balances          210,482   +    5,995   +  121,481      198,076 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               194,772   +   18,361   +  130,634      183,203 
  Foreign official                                               5,243            0   -    1,322        5,243 
  Other (16)                                                    10,466   -   12,366   -    7,833        9,630 
Other liabilities and capital (17)                              66,046   -      869   +    1,969       64,630 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,912,108   +      322   +  254,628    1,899,673 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,631,543   +   11,406   -  160,759    2,645,456 

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  Jul 22, 2015 
                                                          Jul 22, 2015 Jul 15, 2015 Jul 23, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,340,353   -    4,252   +   29,575    3,325,571 
  Marketable U.S. Treasury securities (1)                    2,997,152   -    3,807   +   18,215    2,982,765 
  Federal agency debt and mortgage-backed securities (2)       298,948   +       83   +    9,646      298,534 
  Other securities (3)                                          44,253   -      528   +    1,715       44,272 
Securities lent to dealers                                      10,917   +    1,231   +      423       10,267 
  Overnight facility (4)                                        10,917   +    1,231   +      423       10,267 
    U.S. Treasury securities                                    10,859   +    1,253   +    1,465       10,211 
    Federal agency debt securities                                  58   -       22   -    1,043           56 

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, July 22, 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                                          182            15             0             0             0           ...           197 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1         1,288       146,748     1,099,409       569,305       644,620     2,461,370 
  Weekly changes                        +        1    -        1    +    3,614    -    3,589    +       20    +       87    +      132 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           947        11,654        20,145             0         2,347        35,093 
  Weekly changes                        -      802    +      947    +    1,657    -    2,604             0             0    -      802 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            79         9,640     1,739,741     1,749,460 
  Weekly changes                                 0             0             0             0    +        7    +    5,645    +    5,653 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)               659             0             0             0             0             0           659 
                                                                                                                                       
Reverse repurchase agreements (4)          266,195             0           ...           ...           ...           ...       266,195 
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   
                                                                                                                      Jul 22, 2015  

Mortgage-backed securities held outright (1)                                                                             1,749,460  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           23,460  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   79  



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   
                                                                                                                      Jul 22, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,698  
                                                                                                                                    
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       Jul 22, 2015   Wednesday    Wednesday  
                                                        consolidation                Jul 15, 2015 Jul 23, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,885   +        3   -       32  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,426,195   +    4,752   +   94,346  
    Securities held outright (1)                                          4,245,923   +    4,982   +  105,392  
      U.S. Treasury securities                                            2,461,370   +      132   +   47,754  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,641            0   +   46,475  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    1,207  
        Inflation compensation (3)                                           16,194   +      131   +       71  
      Federal agency debt securities (2)                                     35,093   -      802   -    7,557  
      Mortgage-backed securities (4)                                      1,749,460   +    5,653   +   65,195  
    Unamortized premiums on securities held outright  
    (5)                                                                     197,502   -      275   -   12,099  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,428   +       31   +    1,114  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       197   +       12   -       62  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,698            0   +       44  
  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   -       60  
  Items in process of collection                                   (0)           57   -       20   -       10  
  Bank premises                                                               2,241            0   -       22  
  Central bank liquidity swaps (10)                                             659   +      351   +      582  
  Foreign currency denominated assets (11)                                   19,414   -      100   -    4,432  
  Other assets (12)                                                          32,118   +    1,914   -      575  
                                                                                                               
Total assets                                                       (0)    4,500,503   +    6,898   +   89,757  

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       Jul 22, 2015   Wednesday    Wednesday  
                                                        consolidation                Jul 15, 2015 Jul 23, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,325,714   +       15   +   85,487 
  Reverse repurchase agreements (13)                                         266,195   +   10,171   +   24,506 
  Deposits                                                          (0)    2,843,533   -    2,531   -   21,826 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,645,457   -    9,688   -  142,540 
    U.S. Treasury, General Account                                           183,203   +    7,497   +  127,396 
    Foreign official                                                           5,243   -        1   -    1,321 
    Other (14)                                                      (0)        9,630   -      338   -    5,361 
  Deferred availability cash items                                  (0)          431   +       94   -      184 
  Other liabilities and accrued dividends (15)                                 6,334   -      849   -      201 
                                                                                                               
Total liabilities                                                   (0)    4,442,207   +    6,900   +   87,782 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,148   -        1   +      987 
  Surplus                                                                     29,148   -        1   +      987 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,296   -        2   +    1,975 

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, July 22, 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                                             1,885          39          65          131         131         301         193         277          33          44         149         195         326
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,426,195     112,197   2,656,981      110,082     106,411     240,392     249,264     164,457      46,193      27,020      57,503     142,585     513,110
    Securities held outright (1)               4,245,923     107,632   2,548,879      105,603     102,082     230,611     239,097     157,755      44,279      25,822      55,157     136,775     492,232
      U.S. Treasury securities                 2,461,370      62,395   1,477,590       61,218      59,177     133,686     138,605      91,451      25,668      14,969      31,974      79,289     285,348
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,370      62,395   1,477,590       61,218      59,177     133,686     138,605      91,451      25,668      14,969      31,974      79,289     285,348
      Federal agency debt securities (2)          35,093         890      21,067          873         844       1,906       1,976       1,304         366         213         456       1,130       4,068
      Mortgage-backed securities (4)           1,749,460      44,348   1,050,222       43,512      42,061      95,019      98,516      65,000      18,244      10,639      22,726      56,356     202,816
    Unamortized premiums on securities held 
      outright (5)                               197,502       5,007     118,563        4,912       4,748      10,727      11,122       7,338       2,060       1,201       2,566       6,362      22,897
    Unamortized discounts on securities     
      held outright (5)                          -17,428        -442     -10,462         -433        -419        -947        -981        -648        -182        -106        -226        -561      -2,020
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            197           0           1            0           0           0          27          11          36         103           7           9           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,698           0       1,698            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                      57           0           0            0           0           0          56           0           0           0           0           0           0
  Bank premises                                    2,241         126         437           73         108         216         209         204         119          94         238         220         197
  Central bank liquidity swaps (10)                  659          30         212           37          51         151          37          18           6           3           7           9          97
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,414         880       6,259        1,085       1,513       4,454       1,104         521         181          81         204         280       2,850
  Other assets (12)                               32,118         857      18,762          811         785       1,911       1,821       1,207         425         227         457       1,129       3,727
  Interdistrict settlement account                     0  +    8,360  -   51,291   +   13,416  +   23,305  +   21,662  -   14,470  +    7,029  +    7,279  +    4,438  +    1,978  +    5,447  -   27,154
                                                                                                                                                                                                         
Total assets                                   4,500,503     123,031   2,638,649      126,185     133,048     270,283     240,469     174,871      54,684      32,169      60,978     151,038     495,098

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, July 22, 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            1,508,191      49,271     490,040      50,382      80,424     104,386     207,245     106,077      49,112      26,778      41,625     118,355     184,496
    Less: Notes held by F.R. Banks               182,477       6,182      62,363       5,692       9,682      12,726      22,542      11,020       4,902       2,901       4,778      14,405      25,285
      Federal Reserve notes, net               1,325,714      43,090     427,677      44,690      70,742      91,660     184,703      95,057      44,210      23,878      36,847     103,950     159,211
  Reverse repurchase agreements (13)             266,195       6,748     159,800       6,621       6,400      14,458      14,990       9,890       2,776       1,619       3,458       8,575      30,860
  Deposits                                     2,843,533      70,395   2,028,826      71,309      51,211     150,535      36,852      68,025       6,971       6,071      19,915      37,408     296,013
    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                           2,645,457      70,392   1,831,063      71,307      51,208     150,294      36,843      68,020       6,935       6,071      19,914      37,406     296,005
    U.S. Treasury, General Account               183,203           0     183,203           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,243           2       5,216           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,630           2       9,345           0           0         231           7           4          36           0           1           2           3
  Deferred availability cash items                   431           0           0           0           0           0         226           0           0         205           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,686          36       1,122          29          16          13         100          66          21           8          25          64         184
  Other liabilities and accrued             
     dividends                                     4,648         159       2,157         187         192         472         320         253         135         134         119         181         340
                                                                                                                                                                                                        
Total liabilities                              4,442,207     120,428   2,619,582     122,836     128,562     257,139     237,190     173,291      54,113      31,915      60,363     150,179     486,609
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,148       1,302       9,534       1,675       2,243       6,572       1,640         790         285         127         307         430       4,245
  Surplus                                         29,148       1,302       9,534       1,675       2,243       6,572       1,640         790         285         127         307         430       4,245
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,500,503     123,031   2,638,649     126,185     133,048     270,283     240,469     174,871      54,684      32,169      60,978     151,038     495,098

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, July 22, 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   
                                                                                          Jul 22, 2015  

Federal Reserve notes outstanding                                                            1,508,191  
  Less: Notes held by F.R. Banks not subject to collateralization                              182,477  
    Federal Reserve notes to be collateralized                                               1,325,714  
Collateral held against Federal Reserve notes                                                1,325,714  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,309,477  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,245,923  
  Less: Face value of securities under reverse repurchase agreements                           259,747  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,986,176  

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.