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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 14, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 13, 2015 
Federal Reserve Banks                                     May 13, 2015  May 6, 2015 May 14, 2014              

Reserve Bank credit                                         4,439,234   +    6,273   +  165,105    4,462,275  
  Securities held outright (1)                              4,218,601   +    3,721   +  174,598    4,240,069  
    U.S. Treasury securities                                2,460,278   +      152   +  102,933    2,460,334  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,643            0   +  100,087    2,346,643  
      Notes and bonds, inflation-indexed (2)                   98,534            0   +    2,563       98,534  
      Inflation compensation (3)                               15,101   +      152   +      282       15,157  
    Federal agency debt securities (2)                         35,895            0   -    9,070       35,895  
    Mortgage-backed securities (4)                          1,722,428   +    3,568   +   80,735    1,743,840  
  Unamortized premiums on securities held outright (5)        200,421   -      207   -    9,260      201,011  
  Unamortized discounts on securities held outright (5)       -17,762   +       30   +       24      -17,750  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            72   +        4   -       58           85  
    Primary credit                                                  4   -       10   -        2            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                68   +       13   +       25           79  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       81            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,688            0   +       33        1,697  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -       91            0  
  Float                                                          -475   +        6   +      122         -537  
  Central bank liquidity swaps (11)                                 0            0   -      300            0  
  Other Federal Reserve assets (12)                            36,689   +    2,719   +      122       37,700  
Foreign currency denominated assets (13)                       20,084   +       33   -    4,043       20,257  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,755   +       14   +      908       46,755  
                                                                                                              
Total factors supplying reserve funds                       4,522,315   +    6,320   +  161,971    4,545,528  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 13, 2015 
Federal Reserve Banks                                     May 13, 2015  May 6, 2015 May 14, 2014              

Currency in circulation (14)                                 1,363,656   +    1,744   +   88,937    1,364,762 
Reverse repurchase agreements (15)                             239,544   -   11,017   -   58,006      243,769 
  Foreign official and international accounts                  149,574   -    6,802   +   41,793      151,640 
  Others                                                        89,971   -    4,214   -   99,798       92,129 
Treasury cash holdings                                             223   -        6   +        6          198 
Deposits with F.R. Banks, other than reserve balances          232,630   -    9,162   +  140,712      224,548 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               216,211   -   11,295   +  144,961      205,392 
  Foreign official                                               5,236   +        6   -    2,543        5,231 
  Other (16)                                                    11,183   +    2,127   -    1,706       13,925 
Other liabilities and capital (17)                              66,945   +      845   +    1,842       68,405 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,902,998   -   17,595   +  173,491    1,901,683 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,619,317   +   23,915   -   11,519    2,643,845 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 13, 2015 
                                                          May 13, 2015  May 6, 2015 May 14, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,316,597   +    3,555   +   32,347    3,321,250 
  Marketable U.S. Treasury securities (1)                    2,986,288   +    2,597   +   36,688    2,986,307 
  Federal agency debt and mortgage-backed securities (2)       285,223   +      618   -    7,335      289,485 
  Other securities (3)                                          45,086   +      339   +    2,993       45,458 
Securities lent to dealers                                      11,255   -       51   -      340       12,357 
  Overnight facility (4)                                        11,255   -       51   -      340       12,357 
    U.S. Treasury securities                                    10,975   -       29   +      383       12,084 
    Federal agency debt securities                                 280   -       21   -      723          273 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 13, 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                                           14            71             0             0             0           ...            85 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,448             2        91,583     1,090,726       633,003       643,572     2,460,334 
  Weekly changes                                 0             0             0    +       22    +       29    +      100    +      152 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           802         7,997        24,749             0         2,347        35,895 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            25         9,514     1,734,300     1,743,840 
  Weekly changes                                 0             0             0             0             0    +   24,980    +   24,980 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          243,769             0           ...           ...           ...           ...       243,769 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 13, 2015  

Mortgage-backed securities held outright (1)                                                                             1,743,840  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           35,991  
Commitments to sell mortgage-backed securities (2)                                                                           1,600  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 13, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,697  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 13, 2015   Wednesday    Wednesday  
                                                        consolidation                 May 6, 2015 May 14, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,820   +        9   -       96  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,423,414   +   25,705   +  168,818  
    Securities held outright (1)                                          4,240,069   +   25,133   +  177,746  
      U.S. Treasury securities                                            2,460,334   +      152   +   99,006  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,643            0   +   96,271  
        Notes and bonds, inflation-indexed (2)                               98,534            0   +    2,466  
        Inflation compensation (3)                                           15,157   +      152   +      269  
      Federal agency debt securities (2)                                     35,895            0   -    9,070  
      Mortgage-backed securities (4)                                      1,743,840   +   24,980   +   87,810  
    Unamortized premiums on securities held outright  
    (5)                                                                     201,011   +      519   -    8,998  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,750   +       30   +      114  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        85   +       24   -       44  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,697   +       11   +       41  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -       91  
  Items in process of collection                                   (0)           63   -        1   -       18  
  Bank premises                                                               2,239            0   -       28  
  Central bank liquidity swaps (10)                                               0            0   -      300  
  Foreign currency denominated assets (11)                                   20,257   +       52   -    3,830  
  Other assets (12)                                                          35,461   +    2,709   +      129  
                                                                                                               
Total assets                                                       (0)    4,501,188   +   28,485   +  164,539  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 13, 2015   Wednesday    Wednesday  
                                                        consolidation                 May 6, 2015 May 14, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,320,021   +      393   +   87,964 
  Reverse repurchase agreements (13)                                         243,769   +    8,836   -   49,903 
  Deposits                                                          (0)    2,868,393   +   16,015   +  121,745 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,643,845   +   33,789   -    3,788 
    U.S. Treasury, General Account                                           205,392   -   23,739   +  142,438 
    Foreign official                                                           5,231   +        1   -    2,546 
    Other (14)                                                      (0)       13,925   +    5,964   -   14,359 
  Deferred availability cash items                                  (0)          600   -       31   -      147 
  Other liabilities and accrued dividends (15)                                10,328   +    2,929   +    3,108 
                                                                                                               
Total liabilities                                                   (0)    4,443,111   +   28,142   +  162,768 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             29,039   +      172   +      886 
  Surplus                                                                     29,039   +      172   +      886 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 58,077   +      343   +    1,772 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, May 13, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,820          33          66          126         125         294         190         272          23          46         148         182         315
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,423,414     112,135   2,655,378      110,016     106,347     240,247     249,096     164,364      46,129      26,942      57,469     142,492     512,800
    Securities held outright (1)               4,240,069     107,484   2,545,364      105,458     101,941     230,293     238,767     157,537      44,218      25,786      55,081     136,586     491,553
      U.S. Treasury securities                 2,460,334      62,368   1,476,968       61,193      59,152     133,630     138,547      91,412      25,658      14,963      31,961      79,255     285,228
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,334      62,368   1,476,968       61,193      59,152     133,630     138,547      91,412      25,658      14,963      31,961      79,255     285,228
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,743,840      44,205   1,046,848       43,372      41,926      94,714      98,199      64,791      18,186      10,605      22,653      56,175     202,164
    Unamortized premiums on securities held 
      outright (5)                               201,011       5,096     120,669        4,999       4,833      10,918      11,319       7,468       2,096       1,222       2,611       6,475      23,303
    Unamortized discounts on securities     
      held outright (5)                          -17,750        -450     -10,656         -441        -427        -964      -1,000        -659        -185        -108        -231        -572      -2,058
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             85           6           0            0           0           0           9          18           0          41           8           2           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,697           0       1,697            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      63           0           0            0           0           0          62           0           0           1           0           0           0
  Bank premises                                    2,239         124         431           74         109         217         210         202         120          94         240         221         198
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,257         918       6,531        1,132       1,579       4,648       1,152         544         189          85         213         292       2,974
  Other assets (12)                               35,461         942      20,755          897         867       2,098       2,029       1,334         469         249         502       1,208       4,112
  Interdistrict settlement account                     0  +    7,145  -   74,076   +    4,965  +   18,272  +       53  -   10,667  +    4,489  +    3,450  +    4,558  +    4,271  +    9,645  +   27,895
                                                                                                                                                                                                         
Total assets                                   4,501,188     121,840   2,616,309      117,758     128,040     248,752     244,327     172,363      50,827      32,237      63,284     155,212     550,238

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 13, 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            1,501,326      50,433     480,160      50,678      77,737     104,411     209,101     106,449      44,826      26,740      41,921     120,440     188,430
    Less: Notes held by F.R. Banks               181,305       5,438      61,420       5,194       9,532      12,238      23,449      11,512       4,948       2,870       4,918      13,932      25,855
      Federal Reserve notes, net               1,320,021      44,995     418,740      45,484      68,205      92,174     185,652      94,937      39,878      23,869      37,003     106,508     162,575
  Reverse repurchase agreements (13)             243,769       6,179     146,338       6,063       5,861      13,240      13,727       9,057       2,542       1,483       3,167       7,853      28,260
  Deposits                                     2,868,393      67,765   2,026,724      62,650      49,141     129,327      40,702      66,340       7,660       6,199      22,319      39,646     349,919
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,643,845      67,762   1,802,399      62,625      49,138     129,163      40,693      66,337       7,660       6,199      22,317      39,641     349,911
    U.S. Treasury, General Account               205,392           0     205,392           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,231           2       5,204           2           3           9           2           1           0           0           0           1           6
    Other (14)                                    13,925           2      13,729          22           0         155           7           2           0           0           1           5           2
  Deferred availability cash items                   600           0           0           0           0           0         337           0           0         263           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,229          59       1,292          61          57         132         138          92          23          13          30          74         259
  Other liabilities and accrued             
     dividends                                     8,098         244       4,206         278         296         739         491         360         166         154         161         275         731
                                                                                                                                                                                                        
Total liabilities                              4,443,111     119,242   2,597,300     114,536     123,560     235,612     241,047     170,786      50,270      31,981      62,679     154,355     541,743
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 29,039       1,299       9,505       1,611       2,240       6,570       1,640         788         279         128         303         428       4,247
  Surplus                                         29,039       1,299       9,505       1,611       2,240       6,570       1,640         788         279         128         303         428       4,247
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,501,188     121,840   2,616,309     117,758     128,040     248,752     244,327     172,363      50,827      32,237      63,284     155,212     550,238

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 13, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 13, 2015  

Federal Reserve notes outstanding                                                            1,501,326  
  Less: Notes held by F.R. Banks not subject to collateralization                              181,305  
    Federal Reserve notes to be collateralized                                               1,320,021  
Collateral held against Federal Reserve notes                                                1,320,021  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,303,784  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,240,069  
  Less: Face value of securities under reverse repurchase agreements                           225,666  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,014,402  

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

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