FRB: H.4.1 Release--Factors Affecting Reserve Balances--October 9, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks October 9, 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 Oct 8, 2014
Federal Reserve Banks Oct 8, 2014 Oct 1, 2014 Oct 9, 2013

Reserve Bank credit 4,411,712 + 3,868 + 700,812 4,414,130
Securities held outright (1) 4,189,420 + 2,772 + 703,607 4,190,889
U.S. Treasury securities 2,452,988 + 2,768 + 369,973 2,454,457
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,338,230 + 2,761 + 355,786 2,339,461
Notes and bonds, inflation-indexed (2) 98,228 + 40 + 11,019 98,469
Inflation compensation (3) 16,530 - 33 + 3,168 16,528
Federal agency debt securities (2) 40,006 0 - 20,646 40,006
Mortgage-backed securities (4) 1,696,425 + 3 + 354,278 1,696,426
Unamortized premiums on securities held outright (5) 209,062 - 225 + 5,009 208,999
Unamortized discounts on securities held outright (5) -18,751 - 25 - 11,281 -18,757
Repurchase agreements (6) 0 0 0 0
Loans 229 - 51 - 8 221
Primary credit 6 - 17 - 1 7
Secondary credit 0 0 0 0
Seasonal credit 209 - 33 + 79 200
Term Asset-Backed Securities Loan Facility (7) 14 0 - 87 14
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,665 + 1 + 172 1,671
Net portfolio holdings of Maiden Lane II LLC (9) 0 0 - 64 0
Net portfolio holdings of Maiden Lane III LLC (9) 0 0 - 22 0
Net portfolio holdings of TALF LLC (10) 35 - 9 - 76 24
Float -641 - 68 + 87 -615
Central bank liquidity swaps (11) 0 - 206 - 232 0
Other Federal Reserve assets (12) 30,693 + 1,677 + 3,621 31,698
Foreign currency denominated assets (13) 22,290 - 65 - 2,029 22,428
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,175 + 14 + 824 46,175

Total factors supplying reserve funds 4,496,418 + 3,817 + 699,607 4,498,973

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 Oct 8, 2014
Federal Reserve Banks Oct 8, 2014 Oct 1, 2014 Oct 9, 2013

Currency in circulation (14) 1,291,621 + 2,513 + 80,984 1,293,713
Reverse repurchase agreements (15) 280,733 - 17,737 + 182,482 277,866
Foreign official and international accounts 97,070 - 3,683 + 5 95,335
Others 183,663 - 14,054 + 182,477 182,531
Treasury cash holdings 186 + 23 + 8 193
Deposits with F.R. Banks, other than reserve balances 110,643 - 25,060 + 48,280 98,249
Term deposits held by depository institutions 0 0 - 11,662 0
U.S. Treasury, General Account 96,461 - 22,776 + 67,733 85,309
Foreign official 5,248 + 4 - 3,641 5,243
Other (16) 8,934 - 2,288 - 4,150 7,697
Other liabilities and capital (17) 63,887 + 446 - 2,105 63,336

Total factors, other than reserve balances,
absorbing reserve funds 1,747,070 - 39,814 + 309,649 1,733,357

Reserve balances with Federal Reserve Banks 2,749,347 + 43,630 + 389,957 2,765,616

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 Oct 8, 2014
Oct 8, 2014 Oct 1, 2014 Oct 9, 2013

Securities held in custody for foreign official and
international accounts 3,336,625 - 7,612 + 43,013 3,331,670
Marketable U.S. Treasury securities (1) 3,001,521 - 8,876 + 64,623 2,995,698
Federal agency debt and mortgage-backed securities (2) 291,638 + 862 - 26,280 291,840
Other securities (3) 43,466 + 402 + 4,670 44,132
Securities lent to dealers 11,759 - 1,384 - 1,151 12,494
Overnight facility (4) 11,759 - 1,384 - 1,151 12,494
U.S. Treasury securities 11,002 - 1,444 - 860 11,746
Federal agency debt securities 757 + 60 - 290 748

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, October 8, 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 40 181 0 0 0 ... 221
U.S. Treasury securities (1)
Holdings 0 90 3,194 1,047,862 741,439 661,873 2,454,457
Weekly changes 0 + 1 0 - 6 + 1,531 + 1,197 + 2,721
Federal agency debt securities (2)
Holdings 306 1,023 3,584 32,746 0 2,347 40,006
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 10 5,054 1,691,362 1,696,426
Weekly changes 0 0 0 0 + 339 - 337 + 2
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) 0 0 0 0 0 0 0

Reverse repurchase agreements (5) 277,866 0 ... ... ... ... 277,866
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
Oct 8, 2014

Mortgage-backed securities held outright (1) 1,696,426

Commitments to buy mortgage-backed securities (2) 71,392
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 4

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
Oct 8, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,671

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
Oct 8, 2014

Asset-backed securities holdings (1) 0
Other investments, net 24
Net portfolio holdings of TALF LLC 24

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 Oct 8, 2014 Wednesday Wednesday
consolidation Oct 1, 2014 Oct 9, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,917 - 11 - 83
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,381,352 + 2,543 + 695,152
Securities held outright (1) 4,190,889 + 2,723 + 701,337
U.S. Treasury securities 2,454,457 + 2,721 + 367,716
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,339,461 + 2,467 + 353,300
Notes and bonds, inflation-indexed (2) 98,469 + 281 + 11,260
Inflation compensation (3) 16,528 - 27 + 3,156
Federal agency debt securities (2) 40,006 0 - 20,646
Mortgage-backed securities (4) 1,696,426 + 2 + 354,267
Unamortized premiums on securities held outright
(5) 208,999 - 174 + 4,960
Unamortized discounts on securities held outright
(5) -18,757 + 1 - 11,121
Repurchase agreements (6) 0 0 0
Loans 221 - 7 - 25
Net portfolio holdings of Maiden Lane LLC (7) 1,671 + 7 + 178
Net portfolio holdings of Maiden Lane II LLC (8) 0 0 - 64
Net portfolio holdings of Maiden Lane III LLC (8) 0 0 - 22
Net portfolio holdings of TALF LLC (9) 24 - 20 - 87
Items in process of collection (0) 78 - 12 - 73
Bank premises 2,258 + 1 - 26
Central bank liquidity swaps (10) 0 - 240 - 186
Foreign currency denominated assets (11) 22,428 + 142 - 1,809
Other assets (12) 29,440 + 2,734 + 3,762

Total assets (0) 4,455,403 + 5,143 + 696,740

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 Oct 8, 2014 Wednesday Wednesday
consolidation Oct 1, 2014 Oct 9, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,249,645 + 2,804 + 78,733
Reverse repurchase agreements (13) 277,866 - 33,426 + 178,781
Deposits (0) 2,863,865 + 35,181 + 441,178
Term deposits held by depository institutions 0 0 - 11,662
Other deposits held by depository institutions 2,765,616 + 79,669 + 402,717
U.S. Treasury, General Account 85,309 - 41,259 + 61,916
Foreign official 5,243 - 4 - 3,634
Other (14) (0) 7,697 - 3,225 - 8,160
Deferred availability cash items (0) 692 - 9 - 177
Other liabilities and accrued dividends (15) 6,938 + 575 - 3,296

Total liabilities (0) 4,399,005 + 5,125 + 695,218

Capital accounts
Capital paid in 28,199 + 9 + 761
Surplus 28,199 + 9 + 761
Other capital accounts 0 0 0

Total capital 56,398 + 18 + 1,522

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, October 8, 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 1,917 32 93 123 120 317 222 276 20 46 150 182 334
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,381,352 88,623 2,688,993 104,959 95,655 244,864 242,216 179,077 54,066 26,962 57,725 133,501 464,711
Securities held outright (1) 4,190,889 84,774 2,572,215 100,401 91,502 234,232 231,670 171,287 51,692 25,683 55,204 127,698 444,532
U.S. Treasury securities 2,454,457 49,649 1,506,457 58,801 53,589 137,181 135,681 100,317 30,274 15,042 32,331 74,788 260,347
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,454,457 49,649 1,506,457 58,801 53,589 137,181 135,681 100,317 30,274 15,042 32,331 74,788 260,347
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) 1,696,426 34,316 1,041,204 40,641 37,039 94,814 93,777 69,335 20,924 10,396 22,346 51,691 179,942
Unamortized premiums on securities held
outright (5) 208,999 4,228 128,276 5,007 4,563 11,681 11,553 8,542 2,578 1,281 2,753 6,368 22,169
Unamortized discounts on securities
held outright (5) -18,757 -379 -11,513 -449 -410 -1,048 -1,037 -767 -231 -115 -247 -572 -1,990
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 221 0 15 0 0 0 29 14 28 113 15 7 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,671 0 1,671 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) 24 0 24 0 0 0 0 0 0 0 0 0 0
Items in process of collection 78 0 0 0 0 0 77 0 0 0 0 0 0
Bank premises 2,258 122 435 74 110 221 210 199 123 97 243 224 200
Central bank liquidity swaps (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign currency denominated
assets (11) 22,428 1,020 7,215 1,686 1,783 4,676 1,289 619 188 95 236 375 3,245
Other assets (12) 29,440 629 17,808 704 646 1,798 1,626 1,198 422 213 409 930 3,057
Interdistrict settlement account 0 + 21,034 - 50,155 - 2,639 + 8,864 - 10,926 + 9,326 - 9,300 - 9,746 - 1,819 - 2,000 + 3,433 + 43,928

Total assets 4,455,403 112,008 2,672,027 105,455 107,879 242,187 256,969 173,199 45,501 25,857 57,206 139,807 517,307

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, October 8, 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 1,447,121 44,438 484,521 43,814 66,076 102,954 213,801 96,418 38,609 21,080 36,505 116,624 182,281
Less: Notes held by F.R. Banks 197,477 5,404 68,000 6,122 9,054 11,555 21,741 11,040 4,811 3,872 5,268 22,480 28,131
Federal Reserve notes, net 1,249,645 39,034 416,521 37,692 57,022 91,399 192,060 85,379 33,798 17,208 31,237 94,144 154,150
Reverse repurchase agreements (13) 277,866 5,621 170,544 6,657 6,067 15,530 15,360 11,357 3,427 1,703 3,660 8,467 29,473
Deposits 2,863,865 64,594 2,062,644 57,729 40,097 122,470 45,247 74,583 7,616 6,498 21,570 35,982 324,835
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 2,765,616 64,591 1,964,724 57,694 40,093 122,213 45,238 74,576 7,616 6,498 21,569 35,978 324,827
U.S. Treasury, General Account 85,309 0 85,309 0 0 0 0 0 0 0 0 0 0
Foreign official 5,243 2 5,216 3 3 8 2 1 0 0 0 1 6
Other (14) 7,697 1 7,396 32 0 248 7 6 0 0 1 4 3
Deferred availability cash items 692 0 0 0 0 0 605 0 0 88 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,540 28 1,303 43 41 -373 106 80 17 9 18 54 212
Other liabilities and accrued
dividends (16) 5,398 168 2,629 202 211 555 359 271 139 117 122 195 430

Total liabilities 4,399,005 109,445 2,653,641 102,322 103,437 229,581 253,738 171,669 44,998 25,622 56,609 138,841 509,101

Capital
Capital paid in 28,199 1,282 9,193 1,567 2,221 6,303 1,616 765 252 117 299 483 4,103
Surplus 28,199 1,282 9,193 1,567 2,221 6,303 1,616 765 252 117 299 483 4,103
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,455,403 112,008 2,672,027 105,455 107,879 242,187 256,969 173,199 45,501 25,857 57,206 139,807 517,307

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, October 8, 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
Oct 8, 2014

Federal Reserve notes outstanding 1,447,121
Less: Notes held by F.R. Banks not subject to collateralization 197,477
Federal Reserve notes to be collateralized 1,249,645
Collateral held against Federal Reserve notes 1,249,645
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,233,408
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,190,889
Less: Face value of securities under reverse repurchase agreements 264,291
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,926,598

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