---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 19, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Mar 18, 2015 
Federal Reserve Banks                                     Mar 18, 2015 Mar 11, 2015 Mar 19, 2014              

Reserve Bank credit                                         4,461,128   +   10,744   +  287,491    4,457,778  
  Securities held outright (1)                              4,245,736   +    8,678   +  294,980    4,242,578  
    U.S. Treasury securities                                2,459,831   -      121   +  158,069    2,459,787  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,711            0   +  153,286    2,346,710  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    3,904       98,469  
      Inflation compensation (3)                               14,652   -      120   +      881       14,608  
    Federal agency debt securities (2)                         36,877            0   -   10,466       36,877  
    Mortgage-backed securities (4)                          1,749,027   +    8,798   +  147,376    1,745,914  
  Unamortized premiums on securities held outright (5)        203,991   -       55   -    5,973      203,778  
  Unamortized discounts on securities held outright (5)       -18,038   +       34   -    1,710      -18,023  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            15   -        3   -       94           10  
    Primary credit                                                  7   -        5   -        1            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 8   +        2   +        2           10  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       95            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,692   +        5   +      107        1,692  
  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   -      105            0  
  Float                                                          -395   +       98   +      219         -336  
  Central bank liquidity swaps (11)                                 2            0   -      456            2  
  Other Federal Reserve assets (12)                            28,125   +    1,986   +      607       28,078  
Foreign currency denominated assets (13)                       19,243   -      275   -    5,067       19,337  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,455   +       14   +      738       46,455  
                                                                                                              
Total factors supplying reserve funds                       4,543,067   +   10,482   +  283,162    4,539,812  

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  Mar 18, 2015 
Federal Reserve Banks                                     Mar 18, 2015 Mar 11, 2015 Mar 19, 2014              

Currency in circulation (14)                                 1,355,504   +      691   +   90,353    1,356,260 
Reverse repurchase agreements (15)                             251,918   -   12,039   +   92,943      289,615 
  Foreign official and international accounts                  138,116   +    5,742   +   41,492      138,191 
  Others                                                       113,802   -   17,781   +   51,451      151,424 
Treasury cash holdings                                             208   -        4   -       70          197 
Deposits with F.R. Banks, other than reserve balances           87,150   -   73,366   -   38,999      102,759 
  Term deposits held by depository institutions                      0   -  107,229   -   15,183            0 
  U.S. Treasury, General Account                                60,686   +   21,255   -   27,659       87,560 
  Foreign official                                               5,237   +       14   -    1,392        5,222 
  Other (16)                                                    21,228   +   12,595   +    5,235        9,978 
Other liabilities and capital (17)                              65,353   +      523   +      894       64,661 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,760,133   -   84,195   +  145,121    1,813,493 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,782,935   +   94,678   +  138,042    2,726,319 

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  Mar 18, 2015 
                                                          Mar 18, 2015 Mar 11, 2015 Mar 19, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,223,453   -   24,485   +   17,470    3,227,101 
  Marketable U.S. Treasury securities (1)                    2,896,115   -   23,455   +   36,192    2,900,127 
  Federal agency debt and mortgage-backed securities (2)       283,750   -    1,053   -   17,819      283,250 
  Other securities (3)                                          43,588   +       24   -      903       43,724 
Securities lent to dealers                                      12,731   +      596   -    1,150       13,137 
  Overnight facility (4)                                        12,731   +      596   -    1,150       13,137 
    U.S. Treasury securities                                    12,263   +      607   -      347       12,700 
    Federal agency debt securities                                 468   -       11   -      803          437 

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, March 18, 2015      

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans                                           10             0             0             0             0           ...            10 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1         1,899        40,235     1,125,187       649,255       643,209     2,459,787 
  Weekly changes                                 0    -        1             0    -       18    -       23    -       80    -      121 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           982         6,638        26,910             0         2,347        36,877 
  Weekly changes                                 0             0    +    2,061    -    2,061             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            15         8,497     1,737,401     1,745,914 
  Weekly changes                                 0             0             0    -        1    -       13    +    5,675    +    5,662 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 2             0             0             0             0             0             2 
                                                                                                                                       
Reverse repurchase agreements (4)          289,615             0           ...           ...           ...           ...       289,615 
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   
                                                                                                                      Mar 18, 2015  

Mortgage-backed securities held outright (1)                                                                             1,745,914  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           26,329  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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   
                                                                                                                      Mar 18, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,692  
                                                                                                                                    
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 December 31, 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       Mar 18, 2015   Wednesday    Wednesday  
                                                        consolidation                Mar 11, 2015 Mar 19, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,848   -       12   -      105  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,428,343   +    5,437   +  278,598  
    Securities held outright (1)                                          4,242,578   +    5,541   +  286,456  
      U.S. Treasury securities                                            2,459,787   -      121   +  153,992  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,710   -        1   +  149,285  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    3,904  
        Inflation compensation (3)                                           14,608   -      120   +      803  
      Federal agency debt securities (2)                                     36,877            0   -   10,466  
      Mortgage-backed securities (4)                                      1,745,914   +    5,662   +  142,930  
    Unamortized premiums on securities held outright  
    (5)                                                                     203,778   -      143   -    6,179  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,023   +       38   -    1,567  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        10   +        1   -      112  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,692            0   +      107  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -      105  
  Items in process of collection                                   (0)          352   +      150   +      267  
  Bank premises                                                               2,248            0   -       28  
  Central bank liquidity swaps (10)                                               2            0   -      456  
  Foreign currency denominated assets (11)                                   19,337   +      111   -    4,964  
  Other assets (12)                                                          25,829   +      924   +      579  
                                                                                                               
Total assets                                                       (0)    4,495,888   +    6,609   +  273,807  

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       Mar 18, 2015   Wednesday    Wednesday  
                                                        consolidation                Mar 11, 2015 Mar 19, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,311,845   +      172   +   88,662 
  Reverse repurchase agreements (13)                                         289,615   +   24,316   +  117,735 
  Deposits                                                          (0)    2,829,078   -   18,652   +   65,485 
    Term deposits held by depository institutions                                  0   -  107,229   -   15,183 
    Other deposits held by depository institutions                         2,726,319   +   33,626   +  112,323 
    U.S. Treasury, General Account                                            87,560   +   60,323   -   30,473 
    Foreign official                                                           5,222   -       14   -    1,756 
    Other (14)                                                      (0)        9,978   -    5,356   +      575 
  Deferred availability cash items                                  (0)          688   -      108   -       51 
  Other liabilities and accrued dividends (15)                                 7,076   +      873   +      478 
                                                                                                               
Total liabilities                                                   (0)    4,438,303   +    6,601   +  272,309 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,792   +        4   +      748 
  Surplus                                                                     28,792   +        4   +      748 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,585   +        8   +    1,498 

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, March 18, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,848          42          68          131         119         305         187         276          19          46         152         180         323
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,428,343      89,582   2,717,949      106,089      96,686     247,503     244,796     180,992      54,620      27,141      58,333     134,932     469,718
    Securities held outright (1)               4,242,578      85,820   2,603,940      101,639      92,630     237,121     234,527     173,400      52,329      26,000      55,885     129,272     450,015
      U.S. Treasury securities                 2,459,787      49,757   1,509,727       58,929      53,706     137,479     135,976     100,535      30,340      15,074      32,401      74,950     260,912
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,787      49,757   1,509,727       58,929      53,706     137,479     135,976     100,535      30,340      15,074      32,401      74,950     260,912
      Federal agency debt securities (2)          36,877         746      22,634          883         805       2,061       2,039       1,507         455         226         486       1,124       3,912
      Mortgage-backed securities (4)           1,745,914      35,317   1,071,578       41,827      38,119      97,580      96,513      71,358      21,535      10,700      22,998      53,198     185,191
    Unamortized premiums on securities held 
      outright (5)                               203,778       4,122     125,071        4,882       4,449      11,389      11,265       8,329       2,513       1,249       2,684       6,209      21,615
    Unamortized discounts on securities     
      held outright (5)                          -18,023        -365     -11,062         -432        -393      -1,007        -996        -737        -222        -110        -237        -549      -1,912
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             10           5           0            0           0           0           0           0           0           3           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,692           0       1,692            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                     352           0           0            0           0           0         351           0           0           0           0           0           0
  Bank premises                                    2,248         124         432           75         110         219         210         201         121          95         240         222         200
  Central bank liquidity swaps (10)                    2           0           1            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  19,337         877       6,235        1,080       1,507       4,437       1,100         519         180          81         203         279       2,839
  Other assets (12)                               25,829         564      15,274          626         574       1,610       1,437       1,055         526         186         372         867       2,738
  Interdistrict settlement account                     0  +   21,688  -  184,621   +   16,564  +   28,853  +    9,121  +    4,860  -   10,549  -      976  +    6,454  +    9,305  +   26,524  +   72,777
                                                                                                                                                                                                         
Total assets                                   4,495,888     113,425   2,562,973      125,114     128,551     264,430     254,944     173,624      54,917      34,267      69,050     164,166     550,427

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, March 18, 2015 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,495,938      50,602     473,247      49,951      72,806     105,060     211,035     106,585      44,830      26,706      42,191     121,894     191,032
    Less: Notes held by F.R. Banks               184,093       5,210      65,350       5,604       9,973      12,291      22,854      11,489       4,848       3,438       5,298      13,861      23,878
      Federal Reserve notes, net               1,311,845      45,392     407,897      44,347      62,833      92,769     188,182      95,096      39,982      23,267      36,893     108,033     167,155
  Reverse repurchase agreements (13)             289,615       5,858     177,755       6,938       6,323      16,187      16,010      11,837       3,572       1,775       3,815       8,825      30,720
  Deposits                                     2,829,078      59,409   1,954,775      70,374      54,691     141,732      46,552      64,822      10,674       8,664      27,600      46,239     343,546
    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                           2,726,319      59,404   1,852,204      70,346      54,688     141,619      46,541      64,807      10,674       8,664      27,599      46,237     343,536
    U.S. Treasury, General Account                87,560           0      87,560           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,222           2       5,194           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     9,978           3       9,817          25           0         103           9          13           0           0           1           1           4
  Deferred availability cash items                   688           0           0           0           0           0         507           0           0         181           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,848          34       1,148          40          37          96         109          75          21           8          23          57         201
  Other liabilities and accrued             
     dividends (16)                                5,228         149       2,693         193         204         517         317         249         124         130         115         177         361
                                                                                                                                                                                                        
Total liabilities                              4,438,303     110,842   2,544,268     121,892     124,087     251,300     251,676     172,079      54,373      34,025      68,447     163,331     541,982
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,792       1,291       9,352       1,611       2,232       6,565       1,634         773         272         121         302         418       4,222
  Surplus                                         28,792       1,291       9,352       1,611       2,232       6,565       1,634         773         272         121         302         418       4,222
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,495,888     113,425   2,562,973     125,114     128,551     264,430     254,944     173,624      54,917      34,267      69,050     164,166     550,427

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, March 18, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Mar 18, 2015  

Federal Reserve notes outstanding                                                            1,495,938  
  Less: Notes held by F.R. Banks not subject to collateralization                              184,093  
    Federal Reserve notes to be collateralized                                               1,311,845  
Collateral held against Federal Reserve notes                                                1,311,845  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,295,609  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,242,578  
  Less: Face value of securities under reverse repurchase agreements                           273,143  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,969,434  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: March 19, 2015