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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                                                 January 15, 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  Jan 14, 2015 
Federal Reserve Banks                                     Jan 14, 2015  Jan 7, 2015 Jan 15, 2014              

Reserve Bank credit                                         4,462,272   +    3,150   +  454,889    4,476,465  
  Securities held outright (1)                              4,238,779   +    1,986   +  459,872    4,251,495  
    U.S. Treasury securities                                2,461,136   -      142   +  244,257    2,461,084  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,712            0   +  235,011    2,346,712  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    6,737       98,469  
      Inflation compensation (3)                               15,955   -      143   +    2,509       15,904  
    Federal agency debt securities (2)                         38,677            0   -   16,873       38,677  
    Mortgage-backed securities (4)                          1,738,967   +    2,129   +  232,489    1,751,734  
  Unamortized premiums on securities held outright (5)        206,349   -      260   -    2,321      206,747  
  Unamortized discounts on securities held outright (5)       -18,344   +       31   -    5,510      -18,332  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            31   -       28   -       86           31  
    Primary credit                                                 22   -       19   +       19           22  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 9   -        8   -        7            9  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       97            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,678            0   +      137        1,680  
  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   -      107            0  
  Float                                                          -433   +      142   +      121         -435  
  Central bank liquidity swaps (11)                                 0   -    1,528   -      259            0  
  Other Federal Reserve assets (12)                            34,212   +    2,807   +    3,128       35,279  
Foreign currency denominated assets (13)                       20,774   -       98   -    3,001       20,871  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,383   +       14   +      831       46,383  
                                                                                                              
Total factors supplying reserve funds                       4,545,670   +    3,066   +  452,718    4,559,960  

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  Jan 14, 2015 
Federal Reserve Banks                                     Jan 14, 2015  Jan 7, 2015 Jan 15, 2014              

Currency in circulation (14)                                 1,332,824   -    8,334   +  103,639    1,330,856 
Reverse repurchase agreements (15)                             217,437   -  126,716   +   56,491      203,719 
  Foreign official and international accounts                  104,049   -    3,271   -    5,286      108,319 
  Others                                                       113,388   -  123,445   +   61,777       95,400 
Treasury cash holdings                                             204   +        2   -       37          203 
Deposits with F.R. Banks, other than reserve balances          177,350   -   16,500   +   67,362      199,335 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               158,268   -   18,549   +   78,246      159,730 
  Foreign official                                               5,215   -        1   -    2,832        5,234 
  Other (16)                                                    13,866   +    2,049   -    8,053       34,371 
Other liabilities and capital (17)                              63,952   +    1,308   -      757       65,462 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,791,767   -  150,239   +  226,698    1,799,576 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,753,903   +  153,305   +  226,020    2,760,384 

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  Jan 14, 2015 
                                                          Jan 14, 2015  Jan 7, 2015 Jan 15, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,300,113   -      710   -   48,641    3,296,009 
  Marketable U.S. Treasury securities (1)                    2,967,310   -      869   -   28,517    2,962,248 
  Federal agency debt and mortgage-backed securities (2)       291,347   +      441   -   18,096      292,246 
  Other securities (3)                                          41,455   -      283   -    2,029       41,516 
Securities lent to dealers                                      10,229   -      490   -    2,725       10,287 
  Overnight facility (4)                                        10,229   -      490   -    2,725       10,287 
    U.S. Treasury securities                                     9,696   -      403   -    2,163        9,771 
    Federal agency debt securities                                 533   -       86   -      563          516 

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, January 14, 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                                           22             9             0             0             0           ...            31 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             5         3,516     1,113,962       685,517       658,084     2,461,084 
  Weekly changes                                 0             0             0    +    1,054    -    1,092    -      103    -      140 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,089           711         3,933        30,597             0         2,347        38,677 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            14         6,531     1,745,188     1,751,734 
  Weekly changes                                 0             0             0             0             0    +   14,894    +   14,895 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          203,719             0           ...           ...           ...           ...       203,719 
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   
                                                                                                                      Jan 14, 2015  

Mortgage-backed securities held outright (1)                                                                             1,751,734  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,013  
Commitments to sell mortgage-backed securities (2)                                                                             231  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



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   
                                                                                                                      Jan 14, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,680  
                                                                                                                                    
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       Jan 14, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jan 7, 2015 Jan 15, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,908   +       32   -       79  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,439,940   +   15,075   +  442,748  
    Securities held outright (1)                                          4,251,495   +   14,755   +  450,427  
      U.S. Treasury securities                                            2,461,084   -      140   +  240,131  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,712            0   +  231,818  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    5,854  
        Inflation compensation (3)                                           15,904   -      139   +    2,460  
      Federal agency debt securities (2)                                     38,677            0   -   16,234  
      Mortgage-backed securities (4)                                      1,751,734   +   14,895   +  226,530  
    Unamortized premiums on securities held outright  
    (5)                                                                     206,747   +      282   -    2,321  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,332   +       31   -    5,273  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        31   +        8   -       84  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,680   +        2   +      137  
  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   -      107  
  Items in process of collection                                   (0)          161   -        6   +       56  
  Bank premises                                                               2,260            0   -       26  
  Central bank liquidity swaps (10)                                               0   -    1,528   -      259  
  Foreign currency denominated assets (11)                                   20,871   +      169   -    2,829  
  Other assets (12)                                                          33,020   +    2,809   +    4,993  
                                                                                                               
Total assets                                                       (0)    4,516,077   +   16,553   +  444,549  

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       Jan 14, 2015   Wednesday    Wednesday  
                                                        consolidation                 Jan 7, 2015 Jan 15, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,286,580   -    7,121   +  103,041 
  Reverse repurchase agreements (13)                                         203,719   -   37,718   +   47,453 
  Deposits                                                          (0)    2,959,720   +   58,707   +  291,143 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,760,384   +   50,111   +  200,306 
    U.S. Treasury, General Account                                           159,730   -   16,633   +   71,804 
    Foreign official                                                           5,234   +       23   -    2,813 
    Other (14)                                                      (0)       34,371   +   25,205   +   21,846 
  Deferred availability cash items                                  (0)          596   -      202   -       63 
  Other liabilities and accrued dividends (15)                                 8,314   +    2,888   +      856 
                                                                                                               
Total liabilities                                                   (0)    4,458,929   +   16,553   +  442,431 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,574            0   +    1,059 
  Surplus                                                                     28,574            0   +    1,059 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,148            0   +    2,118 

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, January 14, 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                                             1,908          35          81          126         120         312         208         282          24          46         155         191         330
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,439,940      89,812   2,725,055      106,367      96,941     248,151     245,436     181,479      54,763      27,212      58,491     135,289     470,946
    Securities held outright (1)               4,251,495      86,000   2,609,413      101,853      92,825     237,619     235,020     173,765      52,439      26,055      56,002     129,544     450,960
      U.S. Treasury securities                 2,461,084      49,783   1,510,524       58,960      53,734     137,552     136,047     100,588      30,356      15,082      32,418      74,990     261,050
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,084      49,783   1,510,524       58,960      53,734     137,552     136,047     100,588      30,356      15,082      32,418      74,990     261,050
      Federal agency debt securities (2)          38,677         782      23,739          927         844       2,162       2,138       1,581         477         237         509       1,178       4,103
      Mortgage-backed securities (4)           1,751,734      35,434   1,075,150       41,966      38,246      97,906      96,835      71,596      21,606      10,735      23,074      53,376     185,808
    Unamortized premiums on securities held 
      outright (5)                               206,747       4,182     126,894        4,953       4,514      11,555      11,429       8,450       2,550       1,267       2,723       6,300      21,930
    Unamortized discounts on securities     
      held outright (5)                          -18,332        -371     -11,252         -439        -400      -1,025      -1,013        -749        -226        -112        -241        -559      -1,944
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             31           0           0            0           3           1           0          14           0           2           7           4           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,680           0       1,680            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                     161           0           0            0           0           0         160           0           0           0           0           0           0
  Bank premises                                    2,260         125         436           75         110         220         212         200         122          96         241         223         201
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,871         949       6,713        1,569       1,660       4,352       1,200         576         175          88         220         349       3,020
  Other assets (12)                               33,020         700      19,988          789         723       2,018       1,826       1,337         463         227         467       1,047       3,436
  Interdistrict settlement account                     0  +   19,828  -   68,756   -    8,087  +   21,683  -    8,635  -    8,252  -   15,974  -    6,167  +    3,304  +    1,936  +   12,038  +   57,079
                                                                                                                                                                                                         
Total assets                                   4,516,077     111,996   2,691,141      101,387     121,939     247,653     242,792     169,030      49,809      31,236      61,954     150,298     536,843

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, January 14, 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            1,473,887      46,880     473,984      47,430      69,769     103,938     213,097     101,692      42,134      24,523      39,341     120,941     190,158
    Less: Notes held by F.R. Banks               187,307       5,278      60,830       5,762       9,420      12,382      24,895      11,450       5,236       3,212       4,947      16,065      27,830
      Federal Reserve notes, net               1,286,580      41,602     413,154      41,668      60,349      91,557     188,202      90,241      36,899      21,311      34,394     104,876     162,328
  Reverse repurchase agreements (13)             203,719       4,121     125,035       4,880       4,448      11,386      11,261       8,326       2,513       1,248       2,683       6,207      21,609
  Deposits                                     2,959,720      63,456   2,130,124      51,374      52,417     130,926      39,085      68,513       9,688       8,170      24,113      38,096     343,759
    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                           2,760,384      63,452   1,930,929      51,347      52,414     130,859      39,076      68,500       9,688       8,170      24,111      38,090     343,749
    U.S. Treasury, General Account               159,730           0     159,730           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,234           2       5,207           3           3           8           2           1           0           0           0           1           6
    Other (14)                                    34,371           2      34,258          24           0          59           6          12           0           0           1           5           4
  Deferred availability cash items                   596           0           0           0           0           0         459           0           0         137           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,229          49       1,331          60          56         142         126          95          26          12          31          62         241
  Other liabilities and accrued             
     dividends (16)                                6,084         177       3,082         210         209         528         407         320         151         118         133         235         515
                                                                                                                                                                                                        
Total liabilities                              4,458,929     109,405   2,672,725      98,193     117,478     234,538     239,541     167,495      49,277      30,996      61,354     149,475     528,451
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,574       1,296       9,208       1,597       2,230       6,557       1,626         768         266         120         300         412       4,196
  Surplus                                         28,574       1,296       9,208       1,597       2,230       6,557       1,626         768         266         120         300         412       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,516,077     111,996   2,691,141     101,387     121,939     247,653     242,792     169,030      49,809      31,236      61,954     150,298     536,843

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, January 14, 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   
                                                                                          Jan 14, 2015  

Federal Reserve notes outstanding                                                            1,473,887  
  Less: Notes held by F.R. Banks not subject to collateralization                              187,307  
    Federal Reserve notes to be collateralized                                               1,286,580  
Collateral held against Federal Reserve notes                                                1,286,580  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,270,343  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,251,495  
  Less: Face value of securities under reverse repurchase agreements                           181,792  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,069,703  

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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