Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: May 7, 2015
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                      May 7, 2015


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   May 6, 2015 
Federal Reserve Banks                                      May 6, 2015 Apr 29, 2015  May 7, 2014              

Reserve Bank credit                                         4,432,961   -   11,256   +  176,792    4,433,819  
  Securities held outright (1)                              4,214,880   -   10,367   +  185,976    4,214,936  
    U.S. Treasury securities                                2,460,126   +      134   +  108,062    2,460,182  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,643   -       66   +  104,563    2,346,643  
      Notes and bonds, inflation-indexed (2)                   98,534   +       66   +    3,145       98,534  
      Inflation compensation (3)                               14,949   +      133   +      354       15,005  
    Federal agency debt securities (2)                         35,895            0   -    9,070       35,895  
    Mortgage-backed securities (4)                          1,718,860   -   10,500   +   86,985    1,718,860  
  Unamortized premiums on securities held outright (5)        200,628   -      684   -    8,917      200,492  
  Unamortized discounts on securities held outright (5)       -17,792   +       35   -       38      -17,780  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                            68   +        1   -       61           61  
    Primary credit                                                 14   -       19   +        2            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                55   +       20   +       19           60  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       81            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,688   -        5   +       34        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   -       92            0  
  Float                                                          -481   -       11   +      180         -567  
  Central bank liquidity swaps (11)                                 0            0   -      300            0  
  Other Federal Reserve assets (12)                            33,970   -      224   +       95       34,991  
Foreign currency denominated assets (13)                       20,051   +      281   -    4,187       20,205  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,694   +       14   +      863       46,694  
                                                                                                              
Total factors supplying reserve funds                       4,515,948   -   10,961   +  173,469    4,516,960  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   May 6, 2015 
Federal Reserve Banks                                      May 6, 2015 Apr 29, 2015  May 7, 2014              

Currency in circulation (14)                                 1,361,864   +    3,047   +   88,704    1,364,288 
Reverse repurchase agreements (15)                             250,561   +    7,735   -   50,884      234,933 
  Foreign official and international accounts                  156,376   -    1,205   +   44,063      150,211 
  Others                                                        94,185   +    8,940   -   94,948       84,722 
Treasury cash holdings                                             229   +        6   +        1          227 
Deposits with F.R. Banks, other than reserve balances          241,792   -   23,055   +  135,934      242,322 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               227,506   +    7,804   +  136,109      229,131 
  Foreign official                                               5,230   -        7   -    2,553        5,230 
  Other (16)                                                     9,056   -   30,852   +    2,378        7,961 
Other liabilities and capital (17)                              66,100   -      318   +    1,932       65,133 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,920,545   -   12,586   +  175,686    1,906,903 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,595,402   +    1,625   -    2,219    2,610,056 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   May 6, 2015 
                                                           May 6, 2015 Apr 29, 2015  May 7, 2014              

Securities held in custody for foreign official and       
     international accounts                                  3,313,042   +   24,455   +   28,402    3,315,457 
  Marketable U.S. Treasury securities (1)                    2,983,691   +   22,323   +   34,444    2,985,859 
  Federal agency debt and mortgage-backed securities (2)       284,605   +      795   -    8,633      284,686 
  Other securities (3)                                          44,747   +    1,338   +    2,592       44,913 
Securities lent to dealers                                      11,306   +    2,522   +      195       12,469 
  Overnight facility (4)                                        11,306   +    2,522   +      195       12,469 
    U.S. Treasury securities                                    11,004   +    2,498   +      844       12,192 
    Federal agency debt securities                                 301   +       23   -      650          277 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 6, 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                                           12            49             0             0             0           ...            61 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                   1,448             2        91,583     1,090,704       632,974       643,472     2,460,182 
  Weekly changes                        +      998    -    1,447    +   27,371    -   21,840    -    5,031    +       98    +      148 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0           802         7,997        24,749             0         2,347        35,895 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            25         9,514     1,709,320     1,718,860 
  Weekly changes                                 0             0             0    +        6    +      721    -      718    +       10 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          234,933             0           ...           ...           ...           ...       234,933 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       May 6, 2015  

Mortgage-backed securities held outright (1)                                                                             1,718,860  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           50,193  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   21  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       May 6, 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 March 31, 2015. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 6.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 5 and table 6.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        May 6, 2015   Wednesday    Wednesday  
                                                        consolidation                Apr 29, 2015  May 7, 2014 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,811   +       10   -       90  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,397,709   -      180   +  174,088  
    Securities held outright (1)                                          4,214,936   +      157   +  183,180  
      U.S. Treasury securities                                            2,460,182   +      148   +  105,266  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,643   -       66   +  101,770  
        Notes and bonds, inflation-indexed (2)                               98,534   +       66   +    3,145  
        Inflation compensation (3)                                           15,005   +      147   +      351  
      Federal agency debt securities (2)                                     35,895            0   -    9,070  
      Mortgage-backed securities (4)                                      1,718,860   +       10   +   86,985  
    Unamortized premiums on securities held outright  
    (5)                                                                     200,492   -      368   -    9,000  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,780   +       31   +        5  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        61            0   -       97  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,686   -        3   +       32  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -       91  
  Items in process of collection                                   (0)           64   +        5   -       11  
  Bank premises                                                               2,239   -        5   -       27  
  Central bank liquidity swaps (10)                                               0            0   -      300  
  Foreign currency denominated assets (11)                                   20,205   +      148   -    4,100  
  Other assets (12)                                                          32,752   +    1,230   +      145  
                                                                                                               
Total assets                                                       (0)    4,472,703   +    1,204   +  169,560  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        May 6, 2015   Wednesday    Wednesday  
                                                        consolidation                Apr 29, 2015  May 7, 2014 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,319,628   +    3,645   +   88,268 
  Reverse repurchase agreements (13)                                         234,933   -   14,954   -   65,262 
  Deposits                                                          (0)    2,852,378   +   12,660   +  145,091 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,610,056   +   28,989   +   13,007 
    U.S. Treasury, General Account                                           229,131   -   16,295   +  132,133 
    Foreign official                                                           5,230   -        3   -    2,547 
    Other (14)                                                      (0)        7,961   -       31   +    2,498 
  Deferred availability cash items                                  (0)          631   +       82   -      144 
  Other liabilities and accrued dividends (15)                                 7,399   -      262   +       90 
                                                                                                               
Total liabilities                                                   (0)    4,414,969   +    1,172   +  168,044 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,867   +       16   +      758 
  Surplus                                                                     28,867   +       16   +      758 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 57,734   +       32   +    1,517 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 6.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, May 6, 2015
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         347       3,709          340         505         783       1,600         734         299         171         288         891       1,370
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,811          37          69          123         121         293         191         269          24          45         148         177         313
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,397,709     111,478   2,639,961      109,377     105,730     238,852     247,650     163,401      45,861      26,778      57,135     141,665     509,822
    Securities held outright (1)               4,214,936     106,847   2,530,277      104,832     101,337     228,928     237,352     156,604      43,955      25,634      54,754     135,777     488,640
      U.S. Treasury securities                 2,460,182      62,364   1,476,877       61,189      59,149     133,621     138,538      91,407      25,656      14,962      31,959      79,250     285,210
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,460,182      62,364   1,476,877       61,189      59,149     133,621     138,538      91,407      25,656      14,962      31,959      79,250     285,210
      Federal agency debt securities (2)          35,895         910      21,548          893         863       1,950       2,021       1,334         374         218         466       1,156       4,161
      Mortgage-backed securities (4)           1,718,860      43,572   1,031,852       42,751      41,325      93,357      96,793      63,863      17,925      10,453      22,329      55,370     199,268
    Unamortized premiums on securities held 
      outright (5)                               200,492       5,082     120,358        4,987       4,820      10,889      11,290       7,449       2,091       1,219       2,604       6,458      23,243
    Unamortized discounts on securities     
      held outright (5)                          -17,780        -451     -10,674         -442        -427        -966      -1,001        -661        -185        -108        -231        -573      -2,061
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             61           0           0            0           0           0           9           9           0          33           7           2           1
  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                      64           0           0            0           0           0          63           0           0           0           0           0           0
  Bank premises                                    2,239         124         431           74         109         217         210         202         120          94         240         221         198
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  20,205         916       6,515        1,129       1,575       4,636       1,149         543         188          85         213         291       2,966
  Other assets (12)                               32,752         871      19,147          827         801       1,957       1,874       1,235         439         238         465       1,093       3,803
  Interdistrict settlement account                     0  +   13,788  -   68,828   +    5,022  +   15,395  -    1,167  -   10,345  +    1,394  +    3,701  +    4,750  +    4,409  +    9,408  +   22,474
                                                                                                                                                                                                         
Total assets                                   4,472,703     127,757   2,604,508      117,102     124,472     245,983     243,046     168,202      50,783      32,251      63,050     154,028     541,520

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 6, 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            1,499,935      50,482     478,123      50,622      77,703     104,122     209,390     106,568      44,774      26,764      41,971     120,586     188,830
    Less: Notes held by F.R. Banks               180,307       5,388      60,512       5,372       9,523      12,202      23,369      11,549       5,025       2,950       5,034      14,000      25,384
      Federal Reserve notes, net               1,319,628      45,094     417,611      45,250      68,180      91,919     186,021      95,019      39,750      23,814      36,937     106,586     163,446
  Reverse repurchase agreements (13)             234,933       5,955     141,033       5,843       5,648      12,760      13,230       8,729       2,450       1,429       3,052       7,568      27,236
  Deposits                                     2,852,378      73,886   2,023,429      62,528      45,883     127,437      39,615      62,532       7,872       6,406      22,312      38,769     341,711
    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                           2,610,056      73,882   1,781,343      62,503      45,880     127,261      39,606      62,529       7,872       6,406      22,310      38,763     341,701
    U.S. Treasury, General Account               229,131           0     229,131           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,230           2       5,203           2           3           9           2           1           0           0           0           1           6
    Other (14)                                     7,961           2       7,751          22           0         166           7           2           0           0           1           5           4
  Deferred availability cash items                   631           0           0           0           0           0         430           0           0         200           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,445          62       1,472          58          60         155         136          91          21          13          27          74         279
  Other liabilities and accrued             
     dividends                                     4,953         163       2,252         202         221         571         335         254         133         135         118         182         388
                                                                                                                                                                                                        
Total liabilities                              4,414,969     125,160   2,585,797     113,881     119,993     232,842     239,767     166,625      50,226      31,996      62,445     153,178     533,059
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,867       1,299       9,356       1,610       2,240       6,570       1,640         789         278         128         302         425       4,231
  Surplus                                         28,867       1,299       9,356       1,610       2,240       6,570       1,640         789         278         128         302         425       4,231
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,472,703     127,757   2,604,508     117,102     124,472     245,983     243,046     168,202      50,783      32,251      63,050     154,028     541,520

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, May 6, 2015 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           May 6, 2015  

Federal Reserve notes outstanding                                                            1,499,935  
  Less: Notes held by F.R. Banks not subject to collateralization                              180,307  
    Federal Reserve notes to be collateralized                                               1,319,628  
Collateral held against Federal Reserve notes                                                1,319,628  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,303,391  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,214,936  
  Less: Face value of securities under reverse repurchase agreements                           221,820  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,993,116  

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.                                                                                                 


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases