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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 29, 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 28, 2015 
Federal Reserve Banks                                     Jan 28, 2015 Jan 21, 2015 Jan 29, 2014              

Reserve Bank credit                                         4,468,749   +    1,068   +  410,143    4,461,085  
  Securities held outright (1)                              4,243,967   +      392   +  415,064    4,237,064  
    U.S. Treasury securities                                2,460,856   -      131   +  223,239    2,460,804  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,712            0   +  215,075    2,346,712  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    5,854       98,469  
      Inflation compensation (3)                               15,675   -      131   +    2,311       15,624  
    Federal agency debt securities (2)                         37,588            0   -   17,323       37,588  
    Mortgage-backed securities (4)                          1,745,524   +      524   +  209,149    1,738,672  
  Unamortized premiums on securities held outright (5)        206,079   -      244   -    2,906      205,742  
  Unamortized discounts on securities held outright (5)       -18,273   +       32   -    4,434      -18,258  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            39   -       62   -       92           30  
    Primary credit                                                 31   -       60   +       14           22  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 9   -        1   -        9            7  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       96            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,681   +        1   +      131        1,686  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      108            0  
  Float                                                          -367   +       46   +      139         -347  
  Central bank liquidity swaps (11)                                 2   -        8   -      259            1  
  Other Federal Reserve assets (12)                            35,619   +      910   +    2,690       35,168  
Foreign currency denominated assets (13)                       20,272   -      260   -    3,667       20,302  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,411   +       14   +      821       46,411  
                                                                                                              
Total factors supplying reserve funds                       4,551,672   +      822   +  407,297    4,544,039  

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 28, 2015 
Federal Reserve Banks                                     Jan 28, 2015 Jan 21, 2015 Jan 29, 2014              

Currency in circulation (14)                                 1,328,975   -    1,821   +  104,136    1,330,079 
Reverse repurchase agreements (15)                             257,482   +    9,256   +   73,622      281,490 
  Foreign official and international accounts                  115,965   +    4,186   +   14,518      117,937 
  Others                                                       141,517   +    5,070   +   59,104      163,553 
Treasury cash holdings                                             216   +       10   -       45          202 
Deposits with F.R. Banks, other than reserve balances          237,455   +   52,095   +   84,736      207,630 
  Term deposits held by depository institutions                      0            0   -   12,822            0 
  U.S. Treasury, General Account                               201,192   +   31,040   +  111,855      194,311 
  Foreign official                                               5,230   +        9   -    2,820        5,211 
  Other (16)                                                    31,033   +   21,046   -   11,477        8,108 
Other liabilities and capital (17)                              62,391   -    1,480   -    1,108       62,062 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,886,519   +   58,061   +  261,341    1,881,464 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,665,153   -   57,239   +  145,955    2,662,575 

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 28, 2015 
                                                          Jan 28, 2015 Jan 21, 2015 Jan 29, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,270,871   -   13,630   -   63,657    3,258,661 
  Marketable U.S. Treasury securities (1)                    2,942,149   -   12,211   -   40,736    2,929,747 
  Federal agency debt and mortgage-backed securities (2)       286,268   -    2,094   -   21,097      286,410 
  Other securities (3)                                          42,454   +      676   -    1,824       42,504 
Securities lent to dealers                                      10,337   -      470   -    1,237       10,612 
  Overnight facility (4)                                        10,337   -      470   -    1,237       10,612 
    U.S. Treasury securities                                     9,864   -      442   -      593       10,160 
    Federal agency debt securities                                 472   -       29   -      645          452 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 28, 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                                           30             0             0             0             0           ...            30 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             6         3,514     1,113,921       693,727       649,635     2,460,804 
  Weekly changes                                 0             0             0    -       21    -       28    -       93    -      140 
Federal agency debt securities (2)                                                                                                     
  Holdings                                     711           982         4,577        28,971             0         2,347        37,588 
  Weekly changes                        +      711    -      711             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            14         6,736     1,731,922     1,738,672 
  Weekly changes                                 0             0             0             0    -      112    -   11,749    -   11,860 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 1             0             0             0             0             0             1 
                                                                                                                                       
Reverse repurchase agreements (4)          281,490             0           ...           ...           ...           ...       281,490 
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 28, 2015  

Mortgage-backed securities held outright (1)                                                                             1,738,672  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           24,115  
Commitments to sell mortgage-backed securities (2)                                                                             377  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   48  



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 28, 2015  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,686  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 28, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 21, 2015 Jan 29, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,951   +       23   -       68  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,424,578   -   12,805   +  399,445  
    Securities held outright (1)                                          4,237,064   -   12,001   +  406,753  
      U.S. Treasury securities                                            2,460,804   -      140   +  217,628  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,712            0   +  209,497  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    5,854  
        Inflation compensation (3)                                           15,624   -      140   +    2,278  
      Federal agency debt securities (2)                                     37,588            0   -   17,323  
      Mortgage-backed securities (4)                                      1,738,672   -   11,860   +  206,448  
    Unamortized premiums on securities held outright  
    (5)                                                                     205,742   -      716   -    3,040  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,258   +       37   -    4,172  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        30   -      125   -       97  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686   +        6   +      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   -      108  
  Items in process of collection                                   (0)          138   -      105   -        6  
  Bank premises                                                               2,262            0   -       24  
  Central bank liquidity swaps (10)                                               1   -        9   -      260  
  Foreign currency denominated assets (11)                                   20,302   -      255   -    3,659  
  Other assets (12)                                                          32,912   +      276   +    2,586  
                                                                                                               
Total assets                                                       (0)    4,500,064   -   12,872   +  397,926  

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 28, 2015   Wednesday    Wednesday  
                                                        consolidation                Jan 21, 2015 Jan 29, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,285,817   -      755   +  102,676 
  Reverse repurchase agreements (13)                                         281,490   +    1,176   +   86,062 
  Deposits                                                          (0)    2,870,211   -   11,942   +  209,907 
    Term deposits held by depository institutions                                  0            0   -   12,822 
    Other deposits held by depository institutions                         2,662,580   -    9,124   +  136,805 
    U.S. Treasury, General Account                                           194,311   -    1,920   +   98,679 
    Foreign official                                                           5,211   -        1   -    2,851 
    Other (14)                                                      (0)        8,108   -      898   -    9,905 
  Deferred availability cash items                                  (0)          485   -      349   -      124 
  Other liabilities and accrued dividends (15)                                 4,915   -    1,002   -    2,708 
                                                                                                               
Total liabilities                                                   (0)    4,442,917   -   12,872   +  395,811 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,573   -        1   +    1,057 
  Surplus                                                                     28,573   -        1   +    1,057 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,147            0   +    2,114 

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 28, 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                                             1,951          35          80          129         124         314         210         287          23          47         157         195         349
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,424,578      89,501   2,715,647      105,999      96,603     247,291     244,587     180,839      54,574      27,120      58,284     134,817     469,316
    Securities held outright (1)               4,237,064      85,708   2,600,556      101,507      92,510     236,812     234,222     173,175      52,261      25,966      55,812     129,104     449,430
      U.S. Treasury securities                 2,460,804      49,778   1,510,352       58,953      53,728     137,536     136,032     100,577      30,352      15,081      32,415      74,981     261,020
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,804      49,778   1,510,352       58,953      53,728     137,536     136,032     100,577      30,352      15,081      32,415      74,981     261,020
      Federal agency debt securities (2)          37,588         760      23,070          900         821       2,101       2,078       1,536         464         230         495       1,145       3,987
      Mortgage-backed securities (4)           1,738,672      35,170   1,067,133       41,653      37,961      97,176      96,113      71,062      21,445      10,655      22,902      52,978     184,423
    Unamortized premiums on securities held 
      outright (5)                               205,742       4,162     126,277        4,929       4,492      11,499      11,373       8,409       2,538       1,261       2,710       6,269      21,823
    Unamortized discounts on securities     
      held outright (5)                          -18,258        -369     -11,206         -437        -399      -1,020      -1,009        -746        -225        -112        -241        -556      -1,937
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             30           0          20            0           0           0           0           2           0           5           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,686           0       1,686            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     138           0           0            0           0           0         137           0           0           0           0           0           0
  Bank premises                                    2,262         126         437           75         110         219         212         201         122          96         241         223         201
  Central bank liquidity swaps (10)                    1           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,302         923       6,531        1,526       1,614       4,233       1,167         560         171          86         214         339       2,937
  Other assets (12)                               32,912         702      19,919          785         722       1,972       1,803       1,323         465         230         461       1,114       3,416
  Interdistrict settlement account                     0  +   25,664  -   84,743   -    3,141  +   16,936  -    1,933  -    4,994  -   12,253  -    4,701  +    3,500  +    2,359  +   11,791  +   51,515
                                                                                                                                                                                                         
Total assets                                   4,500,064     117,499   2,665,499      105,922     116,811     253,331     245,125     172,088      51,082      31,342      62,159     149,641     529,567

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 28, 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            1,480,713      48,153     474,991      47,954      70,804     104,187     212,517     102,129      42,899      25,029      40,159     121,347     190,544
    Less: Notes held by F.R. Banks               194,896       5,628      65,176       5,927      10,364      12,889      24,639      12,268       5,428       3,154       5,148      15,983      28,290
      Federal Reserve notes, net               1,285,817      42,525     409,815      42,027      60,440      91,297     187,878      89,861      37,471      21,875      35,011     105,364     162,254
  Reverse repurchase agreements (13)             281,490       5,694     172,768       6,744       6,146      15,733      15,561      11,505       3,472       1,725       3,708       8,577      29,858
  Deposits                                     2,870,211      66,539   2,062,342      53,771      45,580     132,693      37,664      68,882       9,475       7,270      22,704      34,660     328,631
    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                           2,662,580      66,536   1,854,965      53,744      45,577     132,510      37,655      68,869       9,475       7,270      22,702      34,656     328,621
    U.S. Treasury, General Account               194,311           0     194,311           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,211           2       5,184           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     8,108           2       7,881          24           0         175           7          12           0           0           1           3           4
  Deferred availability cash items                   485           0           0           0           0           0         386           0           0          99           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,256           1         926           8          -1          11          74          53           9           4           3          45         123
  Other liabilities and accrued             
     dividends (16)                                3,659         149       1,233         179         186         483         311         251         121         129         133         173         310
                                                                                                                                                                                                        
Total liabilities                              4,442,917     114,908   2,647,084     102,729     112,350     240,217     241,873     170,552      50,549      31,102      61,560     148,819     521,176
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,573       1,296       9,208       1,597       2,230       6,557       1,626         768         267         120         300         411       4,195
  Surplus                                         28,573       1,296       9,208       1,597       2,230       6,557       1,626         768         267         120         300         411       4,195
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,500,064     117,499   2,665,499     105,922     116,811     253,331     245,125     172,088      51,082      31,342      62,159     149,641     529,567

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 28, 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 28, 2015  

Federal Reserve notes outstanding                                                            1,480,713  
  Less: Notes held by F.R. Banks not subject to collateralization                              194,896  
    Federal Reserve notes to be collateralized                                               1,285,817  
Collateral held against Federal Reserve notes                                                1,285,817  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,269,580  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,237,064  
  Less: Face value of securities under reverse repurchase agreements                           247,500  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,989,564  

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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