---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                February 19, 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 18, 2015 
Federal Reserve Banks                                     Feb 18, 2015 Feb 11, 2015 Feb 19, 2014              

Reserve Bank credit                                         4,473,864   +   11,493   +  365,041    4,457,611  
  Securities held outright (1)                              4,249,906   +   13,391   +  370,626    4,246,232  
    U.S. Treasury securities                                2,460,378   -      171   +  197,067    2,460,328  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  190,328    2,346,711  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    4,886       98,469  
      Inflation compensation (3)                               15,198   -      171   +    1,853       15,148  
    Federal agency debt securities (2)                         36,877   -      406   -   14,534       36,877  
    Mortgage-backed securities (4)                          1,752,651   +   13,969   +  188,093    1,749,027  
  Unamortized premiums on securities held outright (5)        205,427   +      271   -    3,902      205,218  
  Unamortized discounts on securities held outright (5)       -18,172   +       36   -    3,205      -18,159  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            17   +        4   -       84            6  
    Primary credit                                                 10   +        2   +       10            1  
    Secondary credit                                                1   +        1   +        1            0  
    Seasonal credit                                                 6   +        1   +        2            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   +      106        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                                                          -416   +        4   +      178         -681  
  Central bank liquidity swaps (11)                                 0            0   -      360            0  
  Other Federal Reserve assets (12)                            35,416   -    2,212   +    1,874       23,310  
Foreign currency denominated assets (13)                       20,292   +       81   -    3,738       20,207  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,399   +       14   +      752       46,399  
                                                                                                              
Total factors supplying reserve funds                       4,556,797   +   11,589   +  362,055    4,540,459  

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 18, 2015 
Federal Reserve Banks                                     Feb 18, 2015 Feb 11, 2015 Feb 19, 2014              

Currency in circulation (14)                                 1,346,460   +    8,690   +  105,111    1,348,432 
Reverse repurchase agreements (15)                             244,040   -      498   +   51,220      297,054 
  Foreign official and international accounts                  126,582   +    4,706   +   20,359      129,781 
  Others                                                       117,458   -    5,204   +   30,861      167,273 
Treasury cash holdings                                             208   +        6   -       60          227 
Deposits with F.R. Banks, other than reserve balances          443,232   +   80,866   +  362,960      384,933 
  Term deposits held by depository institutions                296,921   +  108,838   +  296,921      296,921 
  U.S. Treasury, General Account                               118,836   -   40,071   +   77,652       73,097 
  Foreign official                                               5,219   +        2   -    2,812        5,212 
  Other (16)                                                    22,256   +   12,097   -    8,801        9,703 
Other liabilities and capital (17)                              65,438   +    1,713   +    1,759       63,912 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,099,378   +   90,777   +  520,989    2,094,558 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,457,419   -   79,188   -  158,933    2,445,901 

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 18, 2015 
                                                          Feb 18, 2015 Feb 11, 2015 Feb 19, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,262,783   +    2,520   -   50,149    3,267,522 
  Marketable U.S. Treasury securities (1)                    2,933,018   +    1,772   -   29,869    2,938,578 
  Federal agency debt and mortgage-backed securities (2)       286,841   +      401   -   18,372      285,927 
  Other securities (3)                                          42,924   +      346   -    1,908       43,017 
Securities lent to dealers                                      12,092   +      824   +    1,642       12,952 
  Overnight facility (4)                                        12,092   +      824   +    1,642       12,952 
    U.S. Treasury securities                                    11,661   +      828   +    2,273       12,500 
    Federal agency debt securities                                 431   -        4   -      631          452 

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 18, 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                                            6             0             0             0             0           ...             6 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0         1,900         8,397     1,147,466       658,999       643,567     2,460,328 
  Weekly changes                        -        2    +    1,447    +    3,421    +   29,487    -   28,653    -    5,860    -      162 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         4,577        28,971             0         2,347        36,877 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         7,931     1,741,081     1,749,027 
  Weekly changes                                 0             0             0             0    +       56    +   10,275    +   10,331 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          297,054             0           ...           ...           ...           ...       297,054 
Term deposits                              296,921             0             0           ...           ...           ...       296,921 

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 18, 2015  

Mortgage-backed securities held outright (1)                                                                             1,749,027  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,602  
Commitments to sell mortgage-backed securities (2)                                                                             144  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   18  



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 18, 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 18, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 11, 2015 Feb 19, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,931   -       26   -      108  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,433,297   +   10,386   +  350,934  
    Securities held outright (1)                                          4,246,232   +   10,169   +  358,263  
      U.S. Treasury securities                                            2,460,328   -      162   +  192,456  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,711            0   +  185,766  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    4,886  
        Inflation compensation (3)                                           15,148   -      162   +    1,804  
      Federal agency debt securities (2)                                     36,877            0   -   14,534  
      Mortgage-backed securities (4)                                      1,749,027   +   10,331   +  180,341  
    Unamortized premiums on securities held outright  
    (5)                                                                     205,218   +      191   -    4,222  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,159   +       37   -    3,011  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                         6   -       11   -       95  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686            0   +      106  
  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)          184   +       10   +       67  
  Bank premises                                                               2,254   +        1   -       28  
  Central bank liquidity swaps (10)                                               0            0   -      360  
  Foreign currency denominated assets (11)                                   20,207   +      123   -    3,858  
  Other assets (12)                                                          21,056   -   15,328   +    1,066  
                                                                                                               
Total assets                                                       (0)    4,496,851   -    4,834   +  347,627  

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 18, 2015   Wednesday    Wednesday  
                                                        consolidation                Feb 11, 2015 Feb 19, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,304,186   +    6,079   +  101,624 
  Reverse repurchase agreements (13)                                         297,054   +   48,479   +  103,169 
  Deposits                                                          (0)    2,830,834   -   60,038   +  142,054 
    Term deposits held by depository institutions                            296,921   +  108,838   +  296,921 
    Other deposits held by depository institutions                         2,445,901   -  112,312   -  164,716 
    U.S. Treasury, General Account                                            73,097   -   57,668   +   23,347 
    Foreign official                                                           5,212   -        1   -    2,765 
    Other (14)                                                      (0)        9,703   +    1,105   -   10,733 
  Deferred availability cash items                                  (0)          865   +      282   -      365 
  Other liabilities and accrued dividends (15)                                 6,669   +      349   -      269 
                                                                                                               
Total liabilities                                                   (0)    4,439,608   -    4,849   +  346,213 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,622   +        8   +      708 
  Surplus                                                                     28,622   +        8   +      708 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,243   +       15   +    1,414 

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 18, 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                                             1,931          33          77          133         125         313         206         286          23          48         156         191         341
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,433,297      89,678   2,720,993      106,209      96,794     247,780     245,070     181,199      54,682      27,169      58,397     135,084     470,244
    Securities held outright (1)               4,246,232      85,894   2,606,183      101,727      92,710     237,325     234,729     173,549      52,374      26,022      55,933     129,384     450,402
      U.S. Treasury securities                 2,460,328      49,768   1,510,060       58,942      53,718     137,509     136,006     100,557      30,346      15,078      32,408      74,967     260,970
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,328      49,768   1,510,060       58,942      53,718     137,509     136,006     100,557      30,346      15,078      32,408      74,967     260,970
      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)           1,749,027      35,380   1,073,489       41,901      38,187      97,754      96,685      71,485      21,573      10,719      23,039      53,293     185,521
    Unamortized premiums on securities held 
      outright (5)                               205,218       4,151     125,955        4,916       4,481      11,470      11,344       8,388       2,531       1,258       2,703       6,253      21,768
    Unamortized discounts on securities     
      held outright (5)                          -18,159        -367     -11,145         -435        -396      -1,015      -1,004        -742        -224        -111        -239        -553      -1,926
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                              6           0           0            1           0           0           0           4           0           0           1           0           0
  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                     184           0           0            0           0           1         182           0           0           0           0           0           0
  Bank premises                                    2,254         124         434           75         110         219         211         201         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)                                  20,207         916       6,514        1,129       1,575       4,637       1,150         543         188          85         213         291       2,967
  Other assets (12)                               21,056         480      12,367          523         478       1,362       1,180         864         341         161         317         741       2,241
  Interdistrict settlement account                     0  +   26,384  -  186,308   +   14,109  +   22,328  +    9,270  +    2,800  +      674  -      973  +    6,658  +    8,421  +   22,676  +   73,961
                                                                                                                                                                                                         
Total assets                                   4,496,851     118,165   2,561,705      122,725     122,111     264,817     252,802     184,897      54,811      34,479      68,189     160,367     551,784

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 18, 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            1,492,320      49,965     474,965      48,829      71,976     104,990     212,400     104,422      43,915      26,304      41,895     121,992     190,667
    Less: Notes held by F.R. Banks               188,134       5,521      66,988       6,074       9,851      12,310      22,541      12,192       4,645       3,086       5,401      14,158      25,366
      Federal Reserve notes, net               1,304,186      44,444     407,977      42,755      62,125      92,680     189,860      92,230      39,270      23,218      36,494     107,834     165,301
  Reverse repurchase agreements (13)             297,054       6,009     182,321       7,117       6,486      16,603      16,421      12,141       3,664       1,820       3,913       9,051      31,509
  Deposits                                     2,830,834      64,944   1,949,561      69,421      48,798     141,797      42,138      78,658      11,195       8,894      27,046      42,417     345,966
    Term deposits held by depository        
        institutions                             296,921         245     176,361      39,870      16,750       2,558         833       9,475          79          70       2,616       1,706      46,358
    Other deposits held by depository       
        institutions                           2,445,901      64,693   1,685,427      29,523      32,045     139,075      41,297      69,168      11,116       8,824      24,428      40,708     299,598
    U.S. Treasury, General Account                73,097           0      73,097           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,212           2       5,185           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,703           4       9,492          26           0         154           7          13           0           0           1           2           4
  Deferred availability cash items                   865           0           0           0           0           0         696           0           0         169           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,960          41       1,191          48          47         125         110          75          21           9          25          59         209
  Other liabilities and accrued             
     dividends (16)                                4,709         146       2,235         190         192         497         310         249         121         126         112         177         353
                                                                                                                                                                                                        
Total liabilities                              4,439,608     115,584   2,543,285     119,531     117,649     251,701     249,535     183,352      54,271      34,237      67,589     159,538     543,337
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,622       1,291       9,210       1,597       2,231       6,558       1,634         772         270         121         300         414       4,223
  Surplus                                         28,622       1,291       9,210       1,597       2,231       6,558       1,634         772         270         121         300         414       4,223
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,496,851     118,165   2,561,705     122,725     122,111     264,817     252,802     184,897      54,811      34,479      68,189     160,367     551,784

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 18, 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 18, 2015  

Federal Reserve notes outstanding                                                            1,492,320  
  Less: Notes held by F.R. Banks not subject to collateralization                              188,134  
    Federal Reserve notes to be collateralized                                               1,304,186  
Collateral held against Federal Reserve notes                                                1,304,186  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,287,949  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,246,232  
  Less: Face value of securities under reverse repurchase agreements                           275,929  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,970,304  

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 19, 2015