---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 12, 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  Feb 11, 2015 
Federal Reserve Banks                                     Feb 11, 2015  Feb 4, 2015 Feb 12, 2014              

Reserve Bank credit                                         4,462,371   +      882   +  389,030    4,462,825  
  Securities held outright (1)                              4,236,515   -      471   +  394,217    4,236,063  
    U.S. Treasury securities                                2,460,549   -      171   +  201,901    2,460,490  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  194,994    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    4,886       98,469  
      Inflation compensation (3)                               15,369   -      171   +    2,022       15,310  
    Federal agency debt securities (2)                         37,283   -      305   -   14,128       36,877  
    Mortgage-backed securities (4)                          1,738,682   +        4   +  206,442    1,738,696  
  Unamortized premiums on securities held outright (5)        205,156   -      374   -    3,385      205,027  
  Unamortized discounts on securities held outright (5)       -18,208   +       32   -    3,553      -18,196  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            13   -       37   -       89           17  
    Primary credit                                                  8   -       36   +        4           12  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 5            0   +        3            5  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       96            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,686            0   +      107        1,686  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      106            0  
  Float                                                          -420   -       38   +      203         -409  
  Central bank liquidity swaps (11)                                 0            0   -      360            0  
  Other Federal Reserve assets (12)                            37,628   +    1,769   +    2,081       38,637  
Foreign currency denominated assets (13)                       20,211   -      117   -    3,697       20,084  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,414   +       14   +      782       46,414  
                                                                                                              
Total factors supplying reserve funds                       4,545,237   +      779   +  386,115    4,545,564  

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  Feb 11, 2015 
Federal Reserve Banks                                     Feb 11, 2015  Feb 4, 2015 Feb 12, 2014              

Currency in circulation (14)                                 1,337,799   +    6,796   +  106,043    1,342,364 
Reverse repurchase agreements (15)                             244,538   -   40,790   +   46,004      248,575 
  Foreign official and international accounts                  121,876   -      327   +   24,822      121,823 
  Others                                                       122,662   -   40,464   +   21,183      126,752 
Treasury cash holdings                                             202            0   -       64          205 
Deposits with F.R. Banks, other than reserve balances          362,366   +  181,574   +  287,312      332,659 
  Term deposits held by depository institutions                188,083   +  188,083   +  175,261      188,083 
  U.S. Treasury, General Account                               158,907   -    8,365   +  122,497      130,765 
  Foreign official                                               5,217   -      107   -    2,778        5,213 
  Other (16)                                                    10,159   +    1,963   -    7,667        8,598 
Other liabilities and capital (17)                              63,725   +      855   -      119       63,548 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,008,630   +  148,435   +  439,176    1,987,351 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,536,607   -  147,656   -   53,062    2,558,213 

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  Feb 11, 2015 
                                                          Feb 11, 2015  Feb 4, 2015 Feb 12, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,260,263   +    2,380   -   53,160    3,261,610 
  Marketable U.S. Treasury securities (1)                    2,931,246   +    2,668   -   29,669    2,932,656 
  Federal agency debt and mortgage-backed securities (2)       286,440   -      346   -   21,287      286,695 
  Other securities (3)                                          42,578   +       58   -    2,203       42,259 
Securities lent to dealers                                      11,268   +    2,369   +    1,574       10,991 
  Overnight facility (4)                                        11,268   +    2,369   +    1,574       10,991 
    U.S. Treasury securities                                    10,833   +    2,379   +    2,272       10,561 
    Federal agency debt securities                                 435   -       11   -      698          430 

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, February 11, 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                                           12             5             0             0             0           ...            17 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       2           453         4,976     1,117,979       687,652       649,427     2,460,490 
  Weekly changes                                 0             0             0    -       24    -       31    -      107    -      162 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         4,577        28,971             0         2,347        36,877 
  Weekly changes                        -      711             0             0             0             0             0    -      711 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         7,875     1,730,806     1,738,696 
  Weekly changes                                 0             0             0             0             0    +       16    +       16 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          248,575             0           ...           ...           ...           ...       248,575 
Term deposits                              188,083             0             0           ...           ...           ...       188,083 

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   
                                                                                                                      Feb 11, 2015  

Mortgage-backed securities held outright (1)                                                                             1,738,696  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           37,626  
Commitments to sell mortgage-backed securities (2)                                                                             456  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   16  



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   
                                                                                                                      Feb 11, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,686  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Feb 11, 2015   Wednesday    Wednesday  
                                                        consolidation                 Feb 4, 2015 Feb 12, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,957   +        2   -       94  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,422,911   -    1,167   +  384,293  
    Securities held outright (1)                                          4,236,063   -      857   +  391,311  
      U.S. Treasury securities                                            2,460,490   -      162   +  199,391  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711            0   +  192,541  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    4,886  
        Inflation compensation (3)                                           15,310   -      162   +    1,963  
      Federal agency debt securities (2)                                     36,877   -      711   -   14,534  
      Mortgage-backed securities (4)                                      1,738,696   +       16   +  206,454  
    Unamortized premiums on securities held outright  
    (5)                                                                     205,027   -      344   -    3,506  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,196   +       31   -    3,428  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        17   +        3   -       84  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686            0   +      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   -      106  
  Items in process of collection                                   (0)          174   +       64   +       97  
  Bank premises                                                               2,253            0   -       26  
  Central bank liquidity swaps (10)                                               0            0   -      360  
  Foreign currency denominated assets (11)                                   20,084   -      312   -    3,778  
  Other assets (12)                                                          36,384   +    2,750   +    2,167  
                                                                                                               
Total assets                                                       (0)    4,501,685   +    1,337   +  382,211  

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       Feb 11, 2015   Wednesday    Wednesday  
                                                        consolidation                 Feb 4, 2015 Feb 12, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,298,107   +    7,335   +  106,414 
  Reverse repurchase agreements (13)                                         248,575   -   17,075   +   56,503 
  Deposits                                                          (0)    2,890,872   +   10,394   +  217,945 
    Term deposits held by depository institutions                            188,083   +  188,083   +  175,261 
    Other deposits held by depository institutions                         2,558,213   -  150,598   -   43,572 
    U.S. Treasury, General Account                                           130,765   -   26,485   +   98,201 
    Foreign official                                                           5,213            0   -    2,758 
    Other (14)                                                      (0)        8,598   -      606   -    9,186 
  Deferred availability cash items                                  (0)          583   +        7   -      182 
  Other liabilities and accrued dividends (15)                                 6,320   +      660   +      108 
                                                                                                               
Total liabilities                                                   (0)    4,444,457   +    1,321   +  380,789 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,614   +        8   +      711 
  Surplus                                                                     28,614   +        8   +      711 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,228   +       16   +    1,423 

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, February 11, 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                                             1,957          34          80          131         126         314         210         289          25          48         157         196         347
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,422,911      89,467   2,714,616      105,959      96,567     247,199     244,495     180,774      54,553      27,105      58,261     134,772     469,143
    Securities held outright (1)               4,236,063      85,688   2,599,941      101,483      92,488     236,756     234,167     173,134      52,249      25,960      55,799     129,074     449,324
      U.S. Treasury securities                 2,460,490      49,771   1,510,159       58,946      53,721     137,518     136,014     100,564      30,348      15,079      32,410      74,972     260,987
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,490      49,771   1,510,159       58,946      53,721     137,518     136,014     100,564      30,348      15,079      32,410      74,972     260,987
      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)           1,738,696      35,171   1,067,148       41,654      37,962      97,177      96,114      71,063      21,446      10,655      22,903      52,979     184,425
    Unamortized premiums on securities held 
      outright (5)                               205,027       4,147     125,838        4,912       4,476      11,459      11,334       8,380       2,529       1,256       2,701       6,247      21,747
    Unamortized discounts on securities     
      held outright (5)                          -18,196        -368     -11,168         -436        -397      -1,017      -1,006        -744        -224        -112        -240        -554      -1,930
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             17           0           5            0           0           0           0           4           0           0           1           5           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,686           0       1,686            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     174           0           0            0           0           0         173           0           0           0           0           0           0
  Bank premises                                    2,253         124         434           75         110         219         211         200         121          95         241         222         200
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,084         910       6,475        1,122       1,566       4,608       1,143         539         187          84         211         289       2,949
  Other assets (12)                               36,384         789      21,783          885         813       2,219       2,044       1,497         530         255         515       1,187       3,867
  Interdistrict settlement account                     0  +   22,629  -  170,307   +   12,984  +   22,507  +   11,955  +       75  -    9,862  -    1,748  +    5,942  +    8,217  +   18,408  +   79,200
                                                                                                                                                                                                         
Total assets                                   4,501,685     114,502   2,580,710      121,704     122,388     267,749     250,354     174,569      54,097      33,793      68,046     156,236     557,537

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, February 11, 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            1,490,485      49,471     475,550      48,860      71,620     104,884     212,427     104,056      43,758      25,940      41,468     121,743     190,706
    Less: Notes held by F.R. Banks               192,378       5,684      66,977       6,060       9,860      13,122      23,260      12,411       4,803       3,213       5,477      14,954      26,558
      Federal Reserve notes, net               1,298,107      43,787     408,573      42,800      61,761      91,762     189,167      91,645      38,955      22,728      35,991     106,790     164,149
  Reverse repurchase agreements (13)             248,575       5,028     152,566       5,955       5,427      13,893      13,741      10,160       3,066       1,523       3,274       7,574      26,367
  Deposits                                     2,890,872      62,936   1,997,668      69,552      50,541     148,472      43,322      70,919      11,402       9,071      28,053      40,823     358,114
    Term deposits held by depository        
        institutions                             188,083         235     109,659      27,310      16,750       2,021         455       3,475          74          70       1,771         405      25,858
    Other deposits held by depository       
        institutions                           2,558,213      62,695   1,743,670      42,216      33,788     146,285      42,858      67,431      11,328       9,001      26,280      40,416     332,246
    U.S. Treasury, General Account               130,765           0     130,765           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,213           2       5,186           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     8,598           4       8,388          24           0         157           7          12           0           0           1           2           4
  Deferred availability cash items                   583           0           0           0           0           0         487           0           0          96           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,672          25       1,174          26          13          28          84          71          19           8          19          50         155
  Other liabilities and accrued             
     dividends (16)                                4,648         134       2,314         175         184         479         291         238         121         126         108         171         306
                                                                                                                                                                                                        
Total liabilities                              4,444,457     111,911   2,562,295     118,509     117,926     254,634     247,092     173,033      53,562      33,553      67,445     155,407     549,091
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,614       1,296       9,207       1,597       2,231       6,558       1,631         768         268         120         300         414       4,223
  Surplus                                         28,614       1,296       9,207       1,597       2,231       6,558       1,631         768         268         120         300         414       4,223
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,501,685     114,502   2,580,710     121,704     122,388     267,749     250,354     174,569      54,097      33,793      68,046     156,236     557,537

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, February 11, 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   
                                                                                          Feb 11, 2015  

Federal Reserve notes outstanding                                                            1,490,485  
  Less: Notes held by F.R. Banks not subject to collateralization                              192,378  
    Federal Reserve notes to be collateralized                                               1,298,107  
Collateral held against Federal Reserve notes                                                1,298,107  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,281,870  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,236,063  
  Less: Face value of securities under reverse repurchase agreements                           226,014  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,010,049  

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: February 12, 2015