FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 18, 2014

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EST
September 18, 2014

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect the removal of table 5 "Information
on Principal Accounts of Maiden Lane II LLC" and table 6 "Information on Principal Accounts of Maiden Lane III
LLC." The tables have been removed because the portfolio holdings have been reduced to de minimis balances.

Amounts for "Net portfolio holdings of Maiden Lane II LLC," and "Net portfolio holdings of Maiden Lane III
LLC" continue to be shown on table 1 "Factors Affecting Reserve Balances of Depository Institutions," and on
the renumbered table 6 "Consolidated Statement of Condition of All Federal Reserve Banks" in order to provide
information on figures from the previous year.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks September 18, 2014

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 Sep 17, 2014
Federal Reserve Banks Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Reserve Bank credit 4,407,615 + 29,925 + 735,189 4,407,975
Securities held outright (1) 4,186,546 + 27,009 + 737,788 4,187,075
U.S. Treasury securities 2,443,698 + 4,041 + 396,164 2,446,572
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,328,925 + 3,557 + 381,918 2,331,803
Notes and bonds, inflation-indexed (2) 98,188 + 433 + 10,979 98,188
Inflation compensation (3) 16,584 + 50 + 3,267 16,581
Federal agency debt securities (2) 41,117 - 445 - 22,857 40,006
Mortgage-backed securities (4) 1,701,731 + 23,414 + 364,481 1,700,497
Unamortized premiums on securities held outright (5) 209,743 + 780 + 5,909 209,694
Unamortized discounts on securities held outright (5) -18,643 + 21 - 12,347 -18,700
Repurchase agreements (6) 0 0 0 0
Loans 302 + 11 + 16 317
Primary credit 3 - 7 - 27 18
Secondary credit 0 0 0 0
Seasonal credit 265 + 18 + 111 266
Term Asset-Backed Securities Loan Facility (7) 34 0 - 68 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,664 0 + 166 1,664
Net portfolio holdings of Maiden Lane II LLC (9) 36 - 27 - 28 0
Net portfolio holdings of Maiden Lane III LLC (9) 12 - 10 - 10 0
Net portfolio holdings of TALF LLC (10) 44 0 - 68 44
Float -616 + 59 + 52 -568
Central bank liquidity swaps (11) 75 - 2 - 187 75
Other Federal Reserve assets (12) 28,451 + 2,082 + 3,896 28,373
Foreign currency denominated assets (13) 22,819 - 114 - 1,003 22,790
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,117 + 14 + 817 46,117

Total factors supplying reserve funds 4,492,792 + 29,825 + 735,002 4,493,123

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 Sep 17, 2014
Federal Reserve Banks Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Currency in circulation (14) 1,289,344 - 3,123 + 84,271 1,288,982
Reverse repurchase agreements (15) 250,811 - 15,773 + 157,983 252,224
Foreign official and international accounts 100,379 - 1,849 + 7,551 95,288
Others 150,431 - 13,925 + 150,431 156,936
Treasury cash holdings 164 - 1 + 20 165
Deposits with F.R. Banks, other than reserve balances 89,589 + 36,874 - 10,803 136,891
Term deposits held by depository institutions 0 0 - 11,662 0
U.S. Treasury, General Account 66,417 + 27,336 + 18,318 123,965
Foreign official 5,246 - 186 - 3,494 5,244
Other (16) 17,926 + 9,724 - 13,966 7,682
Other liabilities and capital (17) 64,888 + 897 - 1,083 62,953

Total factors, other than reserve balances,
absorbing reserve funds 1,694,796 + 18,874 + 230,389 1,741,215

Reserve balances with Federal Reserve Banks 2,797,996 + 10,951 + 504,613 2,751,908

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 7.
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 7.
10. Refer to table 5 and the note on consolidation accompanying table 7.
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 liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York,
including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5
and the note on consolidation accompanying table 7. Also includes the liability for interest on
Federal Reserve notes due to U.S. Treasury. Refer to table 6 and table 7.

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 Sep 17, 2014
Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Securities held in custody for foreign official and
international accounts 3,347,141 + 8,832 + 68,065 3,355,523
Marketable U.S. Treasury securities (1) 3,021,888 + 11,325 + 95,796 3,029,889
Federal agency debt and mortgage-backed securities (2) 282,693 - 3,112 - 32,259 282,806
Other securities (3) 42,559 + 617 + 4,527 42,827
Securities lent to dealers 10,245 - 424 - 7,414 11,799
Overnight facility (4) 10,245 - 424 - 7,414 11,799
U.S. Treasury securities 9,518 - 342 - 7,171 11,091
Federal agency debt securities 728 - 82 - 242 708

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, 6, and 7.
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, September 17, 2014

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 287 30 0 0 0 ... 317
U.S. Treasury securities (1)
Holdings 1 89 3,194 1,037,160 746,714 659,414 2,446,572
Weekly changes + 1 - 1 0 - 2 + 4,453 + 1,484 + 5,935
Federal agency debt securities (2)
Holdings 0 1,329 3,584 32,746 0 2,347 40,006
Weekly changes - 1,556 0 0 0 0 0 - 1,556
Mortgage-backed securities (3)
Holdings 0 0 0 10 4,773 1,695,714 1,700,497
Weekly changes 0 0 0 0 + 75 + 22,100 + 22,175
Asset-backed securities held by
TALF LLC (4) 0 0 0 0 0 0 0
Repurchase agreements (5) 0 0 ... ... ... ... 0
Central bank liquidity swaps (6) 75 0 0 0 0 0 75

Reverse repurchase agreements (5) 252,224 0 ... ... ... ... 252,224
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. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
5. Cash value of agreements.
6. 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
Sep 17, 2014

Mortgage-backed securities held outright (1) 1,700,497

Commitments to buy mortgage-backed securities (2) 58,563
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 138

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 6
and table 7.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Sep 17, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,664

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 June 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 7.
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 6 and table 7.

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. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Sep 17, 2014

Asset-backed securities holdings (1) 0
Other investments, net 44
Net portfolio holdings of TALF LLC 44

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
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.
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 7.
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 6 and table 7.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company 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 TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.

6. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 17, 2014 Wednesday Wednesday
consolidation Sep 10, 2014 Sep 18, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,933 + 3 - 68
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,378,387 + 27,261 + 724,969
Securities held outright (1) 4,187,075 + 26,554 + 731,597
U.S. Treasury securities 2,446,572 + 5,935 + 394,517
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,331,803 + 5,452 + 380,278
Notes and bonds, inflation-indexed (2) 98,188 + 433 + 10,979
Inflation compensation (3) 16,581 + 50 + 3,260
Federal agency debt securities (2) 40,006 - 1,556 - 23,646
Mortgage-backed securities (4) 1,700,497 + 22,175 + 360,726
Unamortized premiums on securities held outright
(5) 209,694 + 787 + 5,617
Unamortized discounts on securities held outright
(5) -18,700 - 46 - 12,261
Repurchase agreements (6) 0 0 0
Loans 317 - 35 + 15
Net portfolio holdings of Maiden Lane LLC (7) 1,664 - 1 + 168
Net portfolio holdings of Maiden Lane II LLC (8) 0 - 63 - 64
Net portfolio holdings of Maiden Lane III LLC (8) 0 - 22 - 22
Net portfolio holdings of TALF LLC (9) 44 0 - 68
Items in process of collection (0) 84 - 10 - 40
Bank premises 2,259 + 4 - 27
Central bank liquidity swaps (10) 75 - 2 - 187
Foreign currency denominated assets (11) 22,790 - 11 - 1,090
Other assets (12) 26,115 + 1,020 + 3,827

Total assets (0) 4,449,588 + 28,180 + 727,396

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

6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 17, 2014 Wednesday Wednesday
consolidation Sep 10, 2014 Sep 18, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,244,959 - 3,021 + 83,114
Reverse repurchase agreements (13) 252,224 - 15,378 + 159,204
Deposits (0) 2,888,799 + 46,727 + 486,106
Term deposits held by depository institutions 0 0 - 11,662
Other deposits held by depository institutions 2,751,908 - 37,046 + 497,876
U.S. Treasury, General Account 123,965 + 92,093 + 63,051
Foreign official 5,244 + 3 - 3,630
Other (14) (0) 7,682 - 8,322 - 59,529
Deferred availability cash items (0) 652 - 69 - 124
Other liabilities and accrued dividends (15) 6,607 - 86 - 2,375

Total liabilities (0) 4,393,241 + 28,174 + 725,926

Capital accounts
Capital paid in 28,173 + 3 + 735
Surplus 28,173 + 3 + 735
Other capital accounts 0 0 0

Total capital 56,347 + 6 + 1,471

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 7.
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 7.
9. Refer to table 5 and the note on consolidation accompanying table 7.
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 liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York,
including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5
and the note on consolidation accompanying table 7. Also includes the liability for interest on
Federal Reserve notes due to U.S. Treasury.

7. Statement of Condition of Each Federal Reserve Bank, September 17, 2014
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 1,933 36 93 123 121 322 224 276 24 47 152 182 333
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,378,387 88,561 2,687,133 104,885 95,588 244,693 242,058 178,957 54,059 26,967 57,690 133,409 464,386
Securities held outright (1) 4,187,075 84,697 2,569,874 100,310 91,418 234,018 231,459 171,132 51,645 25,660 55,154 127,581 444,127
U.S. Treasury securities 2,446,572 49,490 1,501,616 58,612 53,417 136,741 135,245 99,995 30,177 14,993 32,227 74,548 259,510
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,446,572 49,490 1,501,616 58,612 53,417 136,741 135,245 99,995 30,177 14,993 32,227 74,548 259,510
Federal agency debt securities (2) 40,006 809 24,554 958 873 2,236 2,212 1,635 493 245 527 1,219 4,243
Mortgage-backed securities (4) 1,700,497 34,398 1,043,703 40,739 37,128 95,042 94,003 69,502 20,974 10,421 22,400 51,815 180,373
Unamortized premiums on securities held
outright (5) 209,694 4,242 128,703 5,024 4,578 11,720 11,592 8,571 2,586 1,285 2,762 6,389 22,243
Unamortized discounts on securities
held outright (5) -18,700 -378 -11,477 -448 -408 -1,045 -1,034 -764 -231 -115 -246 -570 -1,983
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 317 0 34 0 0 0 41 19 59 137 20 8 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,664 0 1,664 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) 44 0 44 0 0 0 0 0 0 0 0 0 0
Items in process of collection 84 0 0 0 0 0 84 0 0 0 0 0 0
Bank premises 2,259 121 436 74 110 222 209 198 124 97 243 224 200
Central bank liquidity swaps (10) 75 3 24 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated
assets (11) 22,790 1,036 7,331 1,713 1,812 4,752 1,310 629 192 96 240 381 3,297
Other assets (12) 26,115 563 15,726 627 571 1,622 1,422 1,056 370 227 365 864 2,701
Interdistrict settlement account 0 + 16,043 - 9,695 + 2,898 + 2,457 - 21,181 + 5,302 - 15,625 - 11,456 - 3,187 - 2,845 + 1,237 + 36,050

Total assets 4,449,588 106,911 2,708,700 110,874 101,366 231,682 252,616 166,624 43,741 24,511 56,290 137,459 508,810

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

7. Statement of Condition of Each Federal Reserve Bank, September 17, 2014 (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 1,443,719 44,582 488,162 42,879 65,371 103,395 213,114 94,509 37,695 21,116 36,702 116,020 180,173
Less: Notes held by F.R. Banks 198,759 5,437 64,233 6,326 9,148 11,498 21,568 11,527 4,969 4,201 5,408 25,355 29,090
Federal Reserve notes, net 1,244,959 39,145 423,929 36,552 56,223 91,898 191,547 82,982 32,727 16,915 31,294 90,665 151,084
Reverse repurchase agreements (13) 252,224 5,102 154,806 6,043 5,507 14,097 13,943 10,309 3,111 1,546 3,322 7,685 26,754
Deposits 2,888,799 59,886 2,108,673 63,828 34,939 113,467 42,852 71,433 7,235 5,602 20,932 37,883 322,069
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 2,751,908 59,877 1,972,008 63,789 34,935 113,323 42,843 71,424 7,234 5,602 20,930 37,881 322,060
U.S. Treasury, General Account 123,965 0 123,965 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,217 3 3 8 2 1 0 0 0 1 6
Other (14) 7,682 7 7,483 36 0 136 7 7 0 0 1 2 3
Deferred availability cash items 652 0 0 0 0 0 566 0 0 86 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,932 36 1,201 40 41 102 111 81 23 8 25 62 202
Other liabilities and accrued
dividends (16) 4,674 179 1,706 225 216 571 381 294 141 121 128 215 496

Total liabilities 4,393,241 104,348 2,690,315 106,688 96,926 220,135 249,400 165,098 43,237 24,277 55,702 136,511 500,605

Capital
Capital paid in 28,173 1,282 9,193 2,093 2,220 5,774 1,608 763 252 117 294 474 4,103
Surplus 28,173 1,282 9,193 2,093 2,220 5,774 1,608 763 252 117 294 474 4,103
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,449,588 106,911 2,708,700 110,874 101,366 231,682 252,616 166,624 43,741 24,511 56,290 137,459 508,810

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

7. Statement of Condition of Each Federal Reserve Bank, September 17, 2014 (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 table 5 and 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.
16. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to
table 5 and the note on consolidation below.

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 is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been 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 are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 6), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 6).

8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Sep 17, 2014

Federal Reserve notes outstanding 1,443,719
Less: Notes held by F.R. Banks not subject to collateralization 198,759
Federal Reserve notes to be collateralized 1,244,959
Collateral held against Federal Reserve notes 1,244,959
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,228,722
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,187,075
Less: Face value of securities under reverse repurchase agreements 245,957
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,118

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