FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 28, 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 26, 2014 
Federal Reserve Banks                                     Nov 26, 2014 Nov 19, 2014 Nov 27, 2013              

Reserve Bank credit                                         4,453,580   -    8,752   +  571,378    4,445,550  
  Securities held outright (1)                              4,237,173   -      675   +  576,589    4,230,112  
    U.S. Treasury securities                                2,461,635   +       21   +  303,170    2,461,645  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,713            0   +  291,959    2,346,713  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    8,490       98,469  
      Inflation compensation (3)                               16,453   +       20   +    2,722       16,463  
    Federal agency debt securities (2)                         38,677   -    1,023   -   19,695       38,677  
    Mortgage-backed securities (4)                          1,736,861   +      328   +  293,114    1,729,790  
  Unamortized premiums on securities held outright (5)        208,523   -      303   +      674      208,133  
  Unamortized discounts on securities held outright (5)       -18,574   +       36   -    8,585      -18,555  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           121   -        8   -       56          111  
    Primary credit                                                 10   -        5   -        2            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               111   -        3   +       44          108  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -       98            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,681   +        2   +      164        1,681  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       63            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                           0            0   -      110            0  
  Float                                                          -567   +       45   +        9         -647  
  Central bank liquidity swaps (11)                                 1   +        1   -      271            1  
  Other Federal Reserve assets (12)                            25,223   -    7,849   +    3,050       24,714  
Foreign currency denominated assets (13)                       21,483   -      147   -    2,390       21,568  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,272   +       14   +      805       46,272  
                                                                                                              
Total factors supplying reserve funds                       4,537,576   -    8,886   +  569,793    4,529,631  

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 26, 2014 
Federal Reserve Banks                                     Nov 26, 2014 Nov 19, 2014 Nov 27, 2013              

Currency in circulation (14)                                 1,313,124   +    1,365   +   90,951    1,317,441 
Reverse repurchase agreements (15)                             254,823   +   32,113   +  150,663      251,473 
  Foreign official and international accounts                  100,685   -      559   +      617      103,189 
  Others                                                       154,138   +   32,672   +  150,046      148,284 
Treasury cash holdings                                             185   -        8   -       30          189 
Deposits with F.R. Banks, other than reserve balances          418,850   -    7,867   +  308,671      418,089 
  Term deposits held by depository institutions                318,691   +   10,968   +  305,159      334,714 
  U.S. Treasury, General Account                                79,769   -   15,512   +   26,025       71,901 
  Foreign official                                               5,254   -        7   -    3,482        5,250 
  Other (16)                                                    15,136   -    3,316   -   19,031        6,224 
Other liabilities and capital (17)                              64,021   -      890   -      251       63,145 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,051,002   +   24,711   +  550,003    2,050,337 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,486,574   -   33,597   +   19,789    2,479,295 

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


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


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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Nov 26, 2014 
                                                          Nov 26, 2014 Nov 19, 2014 Nov 27, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,313,943   +    6,330   -   35,376    3,309,745 
  Marketable U.S. Treasury securities (1)                    2,972,281   -    8,905   -   14,326    2,967,578 
  Federal agency debt and mortgage-backed securities (2)       299,626   +   15,012   -   20,001      299,482 
  Other securities (3)                                          42,036   +      223   -    1,049       42,684 
Securities lent to dealers                                       9,645   +      112   -    2,446        8,183 
  Overnight facility (4)                                         9,645   +      112   -    2,446        8,183 
    U.S. Treasury securities                                     8,925   +       82   -    2,031        7,540 
    Federal agency debt securities                                 720   +       30   -      415          643 

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


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






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 26, 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                                          111             0             0             0             0           ...           111 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             4         3,517     1,098,900       700,729       658,495     2,461,645 
  Weekly changes                                 0             0             0    +        3    +        3    +       17    +       23 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,800         3,933        30,597             0         2,347        38,677 
  Weekly changes                        -    1,023             0             0             0             0             0    -    1,023 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            11         5,568     1,724,210     1,729,790 
  Weekly changes                                 0             0             0    -        1    -       91    -    5,007    -    5,099 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 1             0             0             0             0             0             1 
                                                                                                                                       
Reverse repurchase agreements (4)          251,473             0           ...           ...           ...           ...       251,473 
Term deposits                              334,714             0             0           ...           ...           ...       334,714 

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


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






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 26, 2014  

Mortgage-backed securities held outright (1)                                                                             1,729,790  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           34,856  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   38  



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




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 26, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,681  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



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


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

                                                                          






5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 26, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 19, 2014 Nov 27, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,841   -       18   -       85  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,419,801   -    6,600   +  560,265  
    Securities held outright (1)                                          4,230,112   -    6,098   +  568,220  
      U.S. Treasury securities                                            2,461,645   +       23   +  297,979  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,713            0   +  286,771  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    8,490  
        Inflation compensation (3)                                           16,463   +       23   +    2,718  
      Federal agency debt securities (2)                                     38,677   -    1,023   -   19,695  
      Mortgage-backed securities (4)                                      1,729,790   -    5,099   +  289,936  
    Unamortized premiums on securities held outright  
    (5)                                                                     208,133   -      523   +      447  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,555   +       42   -    8,341  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       111   -       20   -       61  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,681            0   +      164  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       63  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                          0            0   -      110  
  Items in process of collection                                   (0)           88   -        3   -        1  
  Bank premises                                                               2,265            0   -       29  
  Central bank liquidity swaps (10)                                               1   +        1   -      271  
  Foreign currency denominated assets (11)                                   21,568   -       41   -    2,276  
  Other assets (12)                                                          22,449   -      168   +    2,483  
                                                                                                               
Total assets                                                       (0)    4,485,931   -    6,828   +  560,055  

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





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 26, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 19, 2014 Nov 27, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,273,194   +    5,482   +   89,201 
  Reverse repurchase agreements (13)                                         251,473   -   15,527   +  143,734 
  Deposits                                                          (0)    2,897,384   +    3,046   +  327,480 
    Term deposits held by depository institutions                            334,714   +   26,991   +  321,182 
    Other deposits held by depository institutions                         2,479,295   -    7,019   -    9,092 
    U.S. Treasury, General Account                                            71,901   -    7,733   +   26,468 
    Foreign official                                                           5,250   -       54   -    3,490 
    Other (14)                                                      (0)        6,224   -    9,139   -    7,589 
  Deferred availability cash items                                  (0)          735   +       57   -        4 
  Other liabilities and accrued dividends (15)                                 6,561   +       95   -    1,976 
                                                                                                               
Total liabilities                                                   (0)    4,429,346   -    6,847   +  558,434 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,292   +        9   +      810 
  Surplus                                                                     28,292   +        9   +      810 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,585   +       19   +    1,621 

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


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

 



6. Statement of Condition of Each Federal Reserve Bank, November 26, 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                                             1,841          29          76          124         115         306         207         271          23          43         148         173         325
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,419,801      89,403   2,712,645      105,882      96,497     247,019     244,328     180,650      54,516      27,144      58,240     134,676     468,801
    Securities held outright (1)               4,230,112      85,568   2,596,289      101,341      92,358     236,424     233,838     172,891      52,176      25,924      55,720     128,893     448,692
      U.S. Treasury securities                 2,461,645      49,795   1,510,868       58,974      53,746     137,583     136,078     100,611      30,363      15,086      32,426      75,007     261,109
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,645      49,795   1,510,868       58,974      53,746     137,583     136,078     100,611      30,363      15,086      32,426      75,007     261,109
      Federal agency debt securities (2)          38,677         782      23,739          927         844       2,162       2,138       1,581         477         237         509       1,178       4,103
      Mortgage-backed securities (4)           1,729,790      34,991   1,061,682       41,441      37,767      96,679      95,622      70,699      21,336      10,601      22,785      52,707     183,481
    Unamortized premiums on securities held 
      outright (5)                               208,133       4,210     127,745        4,986       4,544      11,633      11,505       8,507       2,567       1,276       2,742       6,342      22,077
    Unamortized discounts on securities     
      held outright (5)                          -18,555        -375     -11,389         -445        -405      -1,037      -1,026        -758        -229        -114        -244        -565      -1,968
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            111           0           0            0           0           0          10          11           2          59          22           7           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,681           0       1,681            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      88           0           0            0           0           0          86           0           0           1           0           0           0
  Bank premises                                    2,265         122         440           75         111         220         212         199         123          96         242         224         201
  Central bank liquidity swaps (10)                    1           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  21,568         981       6,939        1,621       1,715       4,497       1,240         595         181          91         227         361       3,121
  Other assets (12)                               22,449         477      13,432          659         484       1,404       1,218         903         322         162         312         781       2,296
  Interdistrict settlement account                     0  +   26,211  -  112,129   -      445  +   21,097  -    1,161  +    4,282  -    6,524  -    6,123  +    1,560  -      918  +   14,896  +   59,255
                                                                                                                                                                                                         
Total assets                                   4,485,931     117,770   2,629,027      108,464     120,719     253,521     253,576     177,224      49,470      29,361      58,695     152,273     535,831

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





6. Statement of Condition of Each Federal Reserve Bank, November 26, 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            1,461,313      44,602     478,532      45,434      68,405     103,159     214,170      99,932      40,526      21,857      37,241     119,685     187,770
    Less: Notes held by F.R. Banks               188,119       5,002      66,497       5,314       8,503      11,362      22,343      10,097       4,840       3,501       5,098      18,812      26,750
      Federal Reserve notes, net               1,273,194      39,601     412,035      40,120      59,902      91,797     191,827      89,834      35,686      18,356      32,144     100,873     161,019
  Reverse repurchase agreements (13)             251,473       5,087     154,345       6,025       5,491      14,055      13,901      10,278       3,102       1,541       3,312       7,662      26,674
  Deposits                                     2,897,384      70,291   2,041,459      58,862      50,602     134,314      43,545      75,214       9,981       8,922      22,485      42,656     339,053
    Term deposits held by depository        
        institutions                             334,714          91     232,910      30,338       9,450      10,026         840      18,190         428         181       3,857       3,605      24,799
    Other deposits held by depository       
        institutions                           2,479,295      70,193   1,725,433      28,494      41,149     124,107      42,696      57,010       9,553       8,741      18,626      39,048     314,246
    U.S. Treasury, General Account                71,901           0      71,901           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,250           2       5,222           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     6,224           5       5,993          28           0         173           7          13           0           0           1           2           2
  Deferred availability cash items                   735           0           0           0           0           0         565           0           0         169           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         2,042          27       1,279          47          41         103         119          88          26          14          23          62         213
  Other liabilities and accrued             
     dividends (16)                                4,519         186       1,514         216         235         647         366         281         146         118         130         200         480
                                                                                                                                                                                                        
Total liabilities                              4,429,346     115,191   2,610,631     105,270     116,270     240,917     250,324     175,696      48,940      29,120      58,094     151,454     527,440
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,292       1,289       9,198       1,597       2,224       6,302       1,626         764         265         120         300         410       4,196
  Surplus                                         28,292       1,289       9,198       1,597       2,224       6,302       1,626         764         265         120         300         410       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,485,931     117,770   2,629,027     108,464     120,719     253,521     253,576     177,224      49,470      29,361      58,695     152,273     535,831

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





6. Statement of Condition of Each Federal Reserve Bank, November 26, 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 the note on consolidation below.                                                                                                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
                                                                                                                                                                                                            


Note on consolidation:

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

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

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Nov 26, 2014  

Federal Reserve notes outstanding                                                            1,461,313  
  Less: Notes held by F.R. Banks not subject to collateralization                              188,119  
    Federal Reserve notes to be collateralized                                               1,273,194  
Collateral held against Federal Reserve notes                                                1,273,194  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,256,957  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,230,112  
  Less: Face value of securities under reverse repurchase agreements                           234,745  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,995,367  

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.