FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 20, 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 19, 2014 
Federal Reserve Banks                                     Nov 19, 2014 Nov 12, 2014 Nov 20, 2013              

Reserve Bank credit                                         4,462,332   +   14,768   +  605,134    4,452,372  
  Securities held outright (1)                              4,237,848   +   18,658   +  602,966    4,236,210  
    U.S. Treasury securities                                2,461,614   +       19   +  318,071    2,461,622  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,713            0   +  306,851    2,346,713  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    8,490       98,469  
      Inflation compensation (3)                               16,433   +       20   +    2,730       16,440  
    Federal agency debt securities (2)                         39,700            0   -   18,773       39,700  
    Mortgage-backed securities (4)                          1,736,533   +   18,637   +  303,668    1,734,889  
  Unamortized premiums on securities held outright (5)        208,826   +      281   +    1,621      208,656  
  Unamortized discounts on securities held outright (5)       -18,610   +       33   -    9,131      -18,597  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           129   -        5   -       40          131  
    Primary credit                                                 15   -        2   +       13           14  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               114   -        4   +       47          117  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -      100            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,679            0   +      162        1,681  
  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)                           0            0   -      110            0  
  Float                                                          -612   +       13   +       76         -587  
  Central bank liquidity swaps (11)                                 0            0   -      273            0  
  Other Federal Reserve assets (12)                            33,072   -    4,211   +    9,947       24,878  
Foreign currency denominated assets (13)                       21,630   -       41   -    2,314       21,609  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,258   +       14   +      807       46,258  
                                                                                                              
Total factors supplying reserve funds                       4,546,462   +   14,742   +  603,628    4,536,481  

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 19, 2014 
Federal Reserve Banks                                     Nov 19, 2014 Nov 12, 2014 Nov 20, 2013              

Currency in circulation (14)                                 1,311,759   +      888   +   91,531    1,311,931 
Reverse repurchase agreements (15)                             222,710   +   16,336   +  117,976      267,000 
  Foreign official and international accounts                  101,244   +      796   -    1,221       99,623 
  Others                                                       121,466   +   15,540   +  119,196      167,377 
Treasury cash holdings                                             193   -        4   -       15          184 
Deposits with F.R. Banks, other than reserve balances          426,717   +   44,191   +  346,979      408,023 
  Term deposits held by depository institutions                307,723   +   45,621   +  307,723      307,723 
  U.S. Treasury, General Account                                95,281   -   11,924   +   45,835       79,634 
  Foreign official                                               5,261   +       12   -    3,472        5,304 
  Other (16)                                                    18,452   +   10,481   -    3,107       15,363 
Other liabilities and capital (17)                              64,911   +    1,257   +      536       63,032 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,026,291   +   62,669   +  557,008    2,050,171 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,520,171   -   47,928   +   46,619    2,486,310 

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 19, 2014 
                                                          Nov 19, 2014 Nov 12, 2014 Nov 20, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,307,613   -    1,914   -   26,698    3,312,456 
  Marketable U.S. Treasury securities (1)                    2,981,186   -    1,849   +    6,533    2,986,381 
  Federal agency debt and mortgage-backed securities (2)       284,614   -      190   -   32,219      284,255 
  Other securities (3)                                          41,813   +      124   -    1,013       41,821 
Securities lent to dealers                                       9,533   +      408   -    1,440       10,028 
  Overnight facility (4)                                         9,533   +      408   -    1,440       10,028 
    U.S. Treasury securities                                     8,843   +      368   -    1,022        9,313 
    Federal agency debt securities                                 690   +       40   -      418          715 

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 19, 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                                          131             0             0             0             0           ...           131 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0             4         3,517     1,098,897       700,726       658,478     2,461,622 
  Weekly changes                        -       88    +        2    +      324    +   34,232    -   29,084    -    5,366    +       20 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,023         1,800         3,933        30,597             0         2,347        39,700 
  Weekly changes                                 0             0    +    1,202    -    1,202             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            12         5,659     1,729,217     1,734,889 
  Weekly changes                                 0             0             0    +        2    +      338    +   16,653    +   16,993 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          267,000             0           ...           ...           ...           ...       267,000 
Term deposits                              307,723             0             0           ...           ...           ...       307,723 

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 19, 2014  

Mortgage-backed securities held outright (1)                                                                             1,734,889  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           37,144  
Commitments to sell mortgage-backed securities (2)                                                                             300  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   48  



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 19, 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 19, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 12, 2014 Nov 20, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,859   -       24   -      102  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,426,401   +   17,280   +  585,375  
    Securities held outright (1)                                          4,236,210   +   17,013   +  592,995  
      U.S. Treasury securities                                            2,461,622   +       20   +  310,665  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,713            0   +  299,448  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    8,490  
        Inflation compensation (3)                                           16,440   +       20   +    2,727  
      Federal agency debt securities (2)                                     39,700            0   -   18,672  
      Mortgage-backed securities (4)                                      1,734,889   +   16,993   +  301,003  
    Unamortized premiums on securities held outright  
    (5)                                                                     208,656   +      231   +    1,244  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,597   +       35   -    8,831  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       131            0   -       35  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,681   +        2   +      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)           91   -       32   +        5  
  Bank premises                                                               2,265   +        4   -       23  
  Central bank liquidity swaps (10)                                               0            0   -      273  
  Foreign currency denominated assets (11)                                   21,609   -       55   -    2,304  
  Other assets (12)                                                          22,617   -   13,311   +    3,493  
                                                                                                               
Total assets                                                       (0)    4,492,759   +    3,864   +  586,139  

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 19, 2014   Wednesday    Wednesday  
                                                        consolidation                Nov 12, 2014 Nov 20, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,267,712   -    1,233   +   90,770 
  Reverse repurchase agreements (13)                                         267,000   +   55,430   +  160,527 
  Deposits                                                          (0)    2,894,338   -   49,509   +  335,082 
    Term deposits held by depository institutions                            307,723   +   45,621   +  307,723 
    Other deposits held by depository institutions                         2,486,314   -   84,382   +   16,134 
    U.S. Treasury, General Account                                            79,634   -   15,374   +   31,763 
    Foreign official                                                           5,304   +       55   -    3,431 
    Other (14)                                                      (0)       15,363   +    4,571   -   17,107 
  Deferred availability cash items                                  (0)          678   -      503   +        2 
  Other liabilities and accrued dividends (15)                                 6,466   -      388   -    1,909 
                                                                                                               
Total liabilities                                                   (0)    4,436,193   +    3,797   +  584,472 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,283   +       33   +      833 
  Surplus                                                                     28,283   +       33   +      833 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,566   +       67   +    1,667 

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 19, 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                                             1,859          31          82          123         118         307         205         276          19          44         149         177         327
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,426,401      89,536   2,716,684      106,040      96,641     247,387     244,696     180,915      54,596      27,200      58,326     134,877     469,504
    Securities held outright (1)               4,236,210      85,691   2,600,032      101,487      92,491     236,765     234,175     173,140      52,251      25,961      55,801     129,078     449,339
      U.S. Treasury securities                 2,461,622      49,794   1,510,854       58,973      53,746     137,582     136,077     100,610      30,362      15,086      32,425      75,006     261,107
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,622      49,794   1,510,854       58,973      53,746     137,582     136,077     100,610      30,362      15,086      32,425      75,006     261,107
      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)           1,734,889      35,094   1,064,811       41,563      37,879      96,964      95,904      70,907      21,399      10,632      22,853      52,863     184,021
    Unamortized premiums on securities held 
      outright (5)                               208,656       4,221     128,066        4,999       4,556      11,662      11,534       8,528       2,574       1,279       2,748       6,358      22,132
    Unamortized discounts on securities     
      held outright (5)                          -18,597        -376     -11,414         -446        -406      -1,039      -1,028        -760        -229        -114        -245        -567      -1,973
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            131           0           1            0           0           0          15           7           1          74          21           7           5
  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                      91           0           0            0           0           0          91           0           0           0           0           0           0
  Bank premises                                    2,265         122         440           74         110         221         212         198         123          96         242         224         201
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  21,609         983       6,951        1,624       1,718       4,505       1,242         597         182          91         227         361       3,126
  Other assets (12)                               22,617         485      13,569          664         488       1,398       1,229         906         314         164         317         757       2,327
  Interdistrict settlement account                     0  +   21,674  -   67,820   -       94  +   11,907  -   19,023  +    1,093  -    8,857  -    7,252  +      569  -    2,270  +   12,010  +   58,062
                                                                                                                                                                                                         
Total assets                                   4,492,759     113,379   2,677,530      108,980     111,684     236,032     250,771     175,164      48,409      28,428      57,435     149,568     535,378

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 19, 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            1,458,154      44,577     479,669      45,075      68,279     103,207     214,142      99,658      40,229      21,694      36,981     118,963     185,680
    Less: Notes held by F.R. Banks               190,442       5,076      65,746       5,412       8,708      11,813      22,594      10,587       4,855       3,592       5,315      19,599      27,146
      Federal Reserve notes, net               1,267,712      39,501     413,923      39,663      59,571      91,394     191,548      89,071      35,375      18,102      31,666      99,364     158,534
  Reverse repurchase agreements (13)             267,000       5,401     163,875       6,396       5,830      14,923      14,760      10,913       3,293       1,636       3,517       8,136      28,321
  Deposits                                     2,894,338      65,696   2,078,437      59,502      41,570     116,463      40,189      73,295       9,046       8,189      21,502      40,990     339,458
    Term deposits held by depository        
        institutions                             307,723          75     229,031      27,300       3,308          26         590      16,365         320         114       3,698       2,605      24,291
    Other deposits held by depository       
        institutions                           2,486,314      65,614   1,749,362      32,172      38,258     116,252      39,590      56,922       8,726       8,075      17,802      38,382     315,159
    U.S. Treasury, General Account                79,634           0      79,634           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,304           2       5,277           3           3           8           2           1           0           0           0           1           6
    Other (14)                                    15,363           6      15,134          28           0         176           7           7           0           0           1           2           2
  Deferred availability cash items                   678           0           0           0           0           0         548           0           0         130           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,852          35       1,235           7          36          36         109          79          22          10          22          60         202
  Other liabilities and accrued             
     dividends (16)                                4,614         183       1,665         217         231         612         365         277         142         122         127         201         473
                                                                                                                                                                                                        
Total liabilities                              4,436,193     110,816   2,659,134     105,787     107,236     223,427     247,519     173,636      47,879      28,188      56,835     148,751     526,987
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,283       1,282       9,198       1,597       2,224       6,302       1,626         764         265         120         300         409       4,195
  Surplus                                         28,283       1,282       9,198       1,597       2,224       6,302       1,626         764         265         120         300         409       4,195
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,492,759     113,379   2,677,530     108,980     111,684     236,032     250,771     175,164      48,409      28,428      57,435     149,568     535,378

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 19, 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 19, 2014  

Federal Reserve notes outstanding                                                            1,458,154  
  Less: Notes held by F.R. Banks not subject to collateralization                              190,442  
    Federal Reserve notes to be collateralized                                               1,267,712  
Collateral held against Federal Reserve notes                                                1,267,712  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,251,475  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,236,210  
  Less: Face value of securities under reverse repurchase agreements                           250,600  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,985,610  

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.