FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 6, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks November 6, 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 Nov 5, 2014
Federal Reserve Banks Nov 5, 2014 Oct 29, 2014 Nov 6, 2013

Reserve Bank credit 4,445,116 - 5,804 + 642,211 4,445,928
Securities held outright (1) 4,219,168 - 4,752 + 645,877 4,219,177
U.S. Treasury securities 2,461,573 + 855 + 341,055 2,461,581
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,713 + 878 + 328,379 2,346,713
Notes and bonds, inflation-indexed (2) 98,469 0 + 9,880 98,469
Inflation compensation (3) 16,391 - 23 + 2,796 16,400
Federal agency debt securities (2) 39,700 0 - 19,380 39,700
Mortgage-backed securities (4) 1,717,894 - 5,608 + 324,201 1,717,896
Unamortized premiums on securities held outright (5) 208,952 - 459 + 3,332 208,770
Unamortized discounts on securities held outright (5) -18,678 + 27 - 10,183 -18,662
Repurchase agreements (6) 0 0 0 0
Loans 158 - 60 - 30 145
Primary credit 8 - 4 + 2 19
Secondary credit 0 0 - 1 0
Seasonal credit 150 - 44 + 68 127
Term Asset-Backed Securities Loan Facility (7) 0 - 12 - 100 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,679 + 7 + 164 1,679
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) 24 0 - 87 24
Float -599 - 87 - 124 -708
Central bank liquidity swaps (11) 1 + 1 - 271 1
Other Federal Reserve assets (12) 34,411 - 480 + 3,617 35,502
Foreign currency denominated assets (13) 21,999 - 482 - 2,120 21,755
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,230 + 14 + 812 46,230

Total factors supplying reserve funds 4,529,587 - 6,271 + 640,904 4,530,154

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 Nov 5, 2014
Federal Reserve Banks Nov 5, 2014 Oct 29, 2014 Nov 6, 2013

Currency in circulation (14) 1,302,204 + 5,010 + 83,315 1,307,140
Reverse repurchase agreements (15) 259,439 + 40,287 + 147,292 224,595
Foreign official and international accounts 106,371 + 3,965 + 91 101,695
Others 153,068 + 36,322 + 147,201 122,900
Treasury cash holdings 202 + 4 - 4 197
Deposits with F.R. Banks, other than reserve balances 343,778 + 18,571 + 291,035 335,643
Term deposits held by depository institutions 219,144 + 47,283 + 219,144 219,144
U.S. Treasury, General Account 111,382 - 7,042 + 77,024 104,204
Foreign official 5,253 - 11 - 3,401 5,248
Other (16) 7,999 - 21,660 - 1,731 7,047
Other liabilities and capital (17) 62,902 - 1,396 - 1,209 62,361

Total factors, other than reserve balances,
absorbing reserve funds 1,968,525 + 62,475 + 520,430 1,929,936

Reserve balances with Federal Reserve Banks 2,561,062 - 68,747 + 120,474 2,600,218

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 Nov 5, 2014
Nov 5, 2014 Oct 29, 2014 Nov 6, 2013

Securities held in custody for foreign official and
international accounts 3,302,857 + 11,394 - 29,132 3,312,268
Marketable U.S. Treasury securities (1) 2,976,201 + 12,657 + 5,689 2,985,698
Federal agency debt and mortgage-backed securities (2) 284,892 - 1,186 - 35,346 284,897
Other securities (3) 41,765 - 76 + 525 41,673
Securities lent to dealers 9,553 - 550 - 3,861 8,994
Overnight facility (4) 9,553 - 550 - 3,861 8,994
U.S. Treasury securities 8,863 - 559 - 3,427 8,320
Federal agency debt securities 690 + 9 - 433 674

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, November 5, 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 39 106 0 0 0 ... 145
U.S. Treasury securities (1)
Holdings 88 2 3,193 1,064,662 729,807 663,829 2,461,581
Weekly changes + 87 - 87 0 + 14,656 - 14,657 + 2 + 1
Federal agency debt securities (2)
Holdings 1,023 1,089 3,442 31,799 0 2,347 39,700
Weekly changes + 1,023 - 1,023 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 10 5,321 1,712,564 1,717,896
Weekly changes 0 0 0 0 + 214 - 206 + 8
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) 1 0 0 0 0 0 1

Reverse repurchase agreements (5) 224,595 0 ... ... ... ... 224,595
Term deposits 219,144 0 0 ... ... ... 219,144

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
Nov 5, 2014

Mortgage-backed securities held outright (1) 1,717,896

Commitments to buy mortgage-backed securities (2) 50,921
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
Nov 5, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,679

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 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
Nov 5, 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 Nov 5, 2014 Wednesday Wednesday
consolidation Oct 29, 2014 Nov 6, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,883 - 31 - 88
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,409,430 - 390 + 633,931
Securities held outright (1) 4,219,177 + 9 + 640,851
U.S. Treasury securities 2,461,581 + 1 + 336,029
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,713 - 1 + 323,355
Notes and bonds, inflation-indexed (2) 98,469 0 + 9,880
Inflation compensation (3) 16,400 + 2 + 2,795
Federal agency debt securities (2) 39,700 0 - 19,380
Mortgage-backed securities (4) 1,717,896 + 8 + 324,202
Unamortized premiums on securities held outright
(5) 208,770 - 370 + 3,090
Unamortized discounts on securities held outright
(5) -18,662 + 32 - 9,973
Repurchase agreements (6) 0 0 0
Loans 145 - 61 - 36
Net portfolio holdings of Maiden Lane LLC (7) 1,679 0 + 163
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 0 - 86
Items in process of collection (0) 75 + 4 - 17
Bank premises 2,260 - 8 - 24
Central bank liquidity swaps (10) 1 + 1 - 271
Foreign currency denominated assets (11) 21,755 - 787 - 2,374
Other assets (12) 33,242 + 1,043 + 3,814

Total assets (0) 4,486,585 - 169 + 634,962

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 Nov 5, 2014 Wednesday Wednesday
consolidation Oct 29, 2014 Nov 6, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,262,986 + 7,916 + 85,504
Reverse repurchase agreements (13) 224,595 - 12,094 + 113,786
Deposits (0) 2,935,861 + 4,558 + 436,820
Term deposits held by depository institutions 219,144 + 47,284 + 219,144
Other deposits held by depository institutions 2,600,218 - 27,055 + 150,184
U.S. Treasury, General Account 104,204 - 14,456 + 73,608
Foreign official 5,248 - 5 - 3,406
Other (14) (0) 7,047 - 1,210 - 2,711
Deferred availability cash items (0) 783 + 165 - 136
Other liabilities and accrued dividends (15) 5,880 - 738 - 2,666

Total liabilities (0) 4,430,104 - 193 + 633,307

Capital accounts
Capital paid in 28,240 + 12 + 827
Surplus 28,240 + 12 + 827
Other capital accounts 0 0 0

Total capital 56,481 + 24 + 1,655

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, November 5, 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 1,883 30 88 123 118 309 222 271 17 45 150 178 332
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,409,430 89,192 2,706,258 105,633 96,271 246,438 243,777 180,218 54,390 27,091 58,103 134,361 467,697
Securities held outright (1) 4,219,177 85,347 2,589,577 101,079 92,119 235,813 233,234 172,444 52,041 25,857 55,576 128,559 447,532
U.S. Treasury securities 2,461,581 49,793 1,510,829 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,581 49,793 1,510,829 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102
Federal agency debt securities (2) 39,700 803 24,366 951 867 2,219 2,195 1,623 490 243 523 1,210 4,211
Mortgage-backed securities (4) 1,717,896 34,750 1,054,382 41,156 37,508 96,014 94,964 70,213 21,189 10,528 22,629 52,345 182,219
Unamortized premiums on securities held
outright (5) 208,770 4,223 128,135 5,001 4,558 11,668 11,541 8,533 2,575 1,279 2,750 6,361 22,144
Unamortized discounts on securities
held outright (5) -18,662 -378 -11,454 -447 -407 -1,043 -1,032 -763 -230 -114 -246 -569 -1,980
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 145 0 0 0 1 0 34 5 5 70 22 9 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,679 0 1,679 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 75 0 0 0 0 0 73 1 0 0 0 0 0
Bank premises 2,260 122 439 74 110 221 211 197 123 96 242 224 200
Central bank liquidity swaps (10) 1 0 0 0 0 0 0 0 0 0 0 0 0
Foreign currency denominated
assets (11) 21,755 989 6,999 1,635 1,730 4,536 1,251 601 183 92 229 364 3,147
Other assets (12) 33,242 709 20,138 797 728 2,004 1,843 1,349 481 239 464 1,032 3,458
Interdistrict settlement account 0 + 27,398 - 57,706 - 965 + 12,963 - 12,931 + 3,311 - 13,890 - 7,922 + 207 - 1,781 + 8,526 + 42,791

Total assets 4,486,585 118,989 2,683,861 107,846 112,621 241,814 252,691 169,877 47,699 28,034 57,850 145,846 519,457

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, November 5, 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 1,453,339 44,489 481,281 44,616 67,277 102,581 214,058 99,219 39,646 21,359 36,562 118,105 184,146
Less: Notes held by F.R. Banks 190,353 5,183 66,879 5,618 8,331 11,346 21,954 10,639 4,588 3,692 5,171 20,155 26,797
Federal Reserve notes, net 1,262,986 39,306 414,401 38,998 58,946 91,235 192,105 88,579 35,059 17,667 31,392 97,949 157,349
Reverse repurchase agreements (13) 224,595 4,543 137,848 5,381 4,904 12,553 12,415 9,180 2,770 1,376 2,958 6,843 23,823
Deposits 2,935,861 72,402 2,110,321 60,139 44,118 124,982 43,805 70,258 9,188 8,524 22,761 39,841 329,521
Term deposits held by depository
institutions 219,144 30 162,090 22,320 2,458 27 570 9,195 20 95 3,558 605 18,176
Other deposits held by depository
institutions 2,600,218 72,365 1,832,013 37,789 41,657 124,748 43,225 61,054 9,168 8,428 19,202 39,233 311,337
U.S. Treasury, General Account 104,204 0 104,204 0 0 0 0 0 0 0 0 0 0
Foreign official 5,248 2 5,221 3 3 8 2 1 0 0 0 1 6
Other (14) 7,047 6 6,794 27 0 200 7 7 0 0 1 2 3
Deferred availability cash items 783 0 0 0 0 0 682 0 0 101 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,169 4 980 -9 -7 -147 95 66 12 9 19 52 96
Other liabilities and accrued
dividends (16) 4,711 171 1,912 204 217 586 351 266 139 116 121 193 433

Total liabilities 4,430,104 116,426 2,665,462 104,713 108,178 229,209 249,452 168,348 47,169 27,794 57,252 144,879 511,222

Capital
Capital paid in 28,240 1,282 9,200 1,567 2,221 6,302 1,619 764 265 120 299 484 4,117
Surplus 28,240 1,282 9,200 1,567 2,221 6,302 1,619 764 265 120 299 484 4,117
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,486,585 118,989 2,683,861 107,846 112,621 241,814 252,691 169,877 47,699 28,034 57,850 145,846 519,457

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, November 5, 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
Nov 5, 2014

Federal Reserve notes outstanding 1,453,339
Less: Notes held by F.R. Banks not subject to collateralization 190,353
Federal Reserve notes to be collateralized 1,262,986
Collateral held against Federal Reserve notes 1,262,986
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,246,749
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,219,177
Less: Face value of securities under reverse repurchase agreements 220,489
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,998,688

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