FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                September 4, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Sep 3, 2014 
Federal Reserve Banks                                      Sep 3, 2014 Aug 27, 2014  Sep 4, 2013              

Reserve Bank credit                                         4,373,507   -    2,457   +  766,393    4,373,019  
  Securities held outright (1)                              4,156,862   -    2,633   +  770,825    4,156,864  
    U.S. Treasury securities                                2,436,986   +    3,338   +  408,031    2,436,986  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,322,690   +    3,297   +  392,757    2,322,690  
      Notes and bonds, inflation-indexed (2)                   97,755            0   +   11,936       97,755  
      Inflation compensation (3)                               16,541   +       41   +    3,338       16,541  
    Federal agency debt securities (2)                         41,562            0   -   24,151       41,562  
    Mortgage-backed securities (4)                          1,678,313   -    5,972   +  386,944    1,678,316  
  Unamortized premiums on securities held outright (5)        209,182   -      404   +    5,754      209,039  
  Unamortized discounts on securities held outright (5)       -18,685   +       10   -   13,448      -18,673  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           299   +        7   +       29          362  
    Primary credit                                                 28   +       14   +       11           95  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               238   -        6   +       88          234  
    Term Asset-Backed Securities Loan Facility (7)                 34            0   -       68           34  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,665   -        3   +      173        1,664  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   -        1           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                          44            0   -      151           44  
  Float                                                          -606   -       52   +       63       -1,087  
  Central bank liquidity swaps (12)                                76   -        1   -      241           76  
  Other Federal Reserve assets (13)                            24,585   +      619   +    3,388       24,645  
Foreign currency denominated assets (14)                       23,286   -       92   -      511       23,205  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             46,089   +       14   +      823       46,089  
                                                                                                              
Total factors supplying reserve funds                       4,459,123   -    2,536   +  766,705    4,458,554  

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





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Sep 3, 2014 
Federal Reserve Banks                                      Sep 3, 2014 Aug 27, 2014  Sep 4, 2013              

Currency in circulation (15)                                 1,292,909   +    5,264   +   84,681    1,294,073 
Reverse repurchase agreements (16)                             265,766   +   15,588   +  171,779      250,306 
  Foreign official and international accounts                  102,524   -    1,079   +    8,537       99,290 
  Others                                                       163,241   +   16,666   +  163,241      151,016 
Treasury cash holdings                                             161            0   +       21          165 
Deposits with F.R. Banks, other than reserve balances           58,885   -   22,080   -      989       36,931 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                42,868   +    2,651   +   10,436       21,036 
  Foreign official                                               6,566   -       14   -    3,815        6,567 
  Other (17)                                                     9,450   -   24,719   -    7,612        9,328 
Other liabilities and capital (18)                              63,992   +       76   +      390       63,329 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,681,714   -    1,151   +  255,882    1,644,803 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,777,409   -    1,385   +  510,822    2,813,751 

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 9.                                    
9.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
10. Refer to table 6 and the note on consolidation accompanying table 9.                                    
11. Refer to table 7 and the note on consolidation accompanying table 9.                                    
12. 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.     
13. 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.                                                                                       
14. Revalued daily at current foreign currency exchange rates.                                              
15. Estimated.                                                                                              
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
17. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury. Refer to table 8 and table 9.                                                     


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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Sep 3, 2014 
                                                           Sep 3, 2014 Aug 27, 2014  Sep 4, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,338,726   -    2,438   +   59,403    3,337,521 
  Marketable U.S. Treasury securities (1)                    3,011,019   -    1,127   +   85,223    3,009,869 
  Federal agency debt and mortgage-backed securities (2)       285,777   -      296   -   29,759      285,709 
  Other securities (3)                                          41,930   -    1,015   +    3,939       41,943 
Securities lent to dealers                                       9,021   -      841   -    5,352       10,296 
  Overnight facility (4)                                         9,021   -      841   -    5,352       10,296 
    U.S. Treasury securities                                     8,139   -      905   -    5,348        9,358 
    Federal agency debt securities                                 882   +       64   -        4          938 

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, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 3, 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 (1)                                      128           234             0             0             0           ...           362 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            90         3,194     1,035,547       742,262       655,893     2,436,986 
  Weekly changes                        -        5    +        1             0    +   13,465    -   13,455    +    1,048    +    1,054 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,556         1,329         3,584        32,746             0         2,347        41,562 
  Weekly changes                        +    1,556    -    1,556             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         3,835     1,674,471     1,678,316 
  Weekly changes                                 0             0             0             0             0    +        4    +        4 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)                76             0             0             0             0             0            76 
                                                                                                                                       
Reverse repurchase agreements (6)          250,306             0           ...           ...           ...           ...       250,306 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


1.  Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden         
    Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
    statement of condition consistent with consolidation under generally accepted accounting principles.
2.  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.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






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

Mortgage-backed securities held outright (1)                                                                             1,678,316  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           74,014  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    8  



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 8       
    and table 9.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Sep 3, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,664  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
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 8 and table 9.                      


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. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

                                              

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Sep 3, 2014  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
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  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The deferred payment represents the portion of the proceeds of the net portfolio            
    holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
    agreement. The fair value of this payment and accrued interest payable are included in other        
    liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.


Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Sep 3, 2014  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
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 American International Group, Inc. (3)                      0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after this valuation
    date are initially recorded at cost until their estimated fair value as of the purchase date becomes
    available.                                                                                          
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
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 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

               

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Sep 3, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          44  
Net portfolio holdings of TALF LLC                                                                                              44  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                            0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
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 8 and table 9.                      


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

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Sep 3, 2014   Wednesday    Wednesday  
                                                        consolidation                Aug 27, 2014  Sep 4, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,922   -       11   -       61  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,347,592   +      832   +  758,973  
    Securities held outright (1)                                          4,156,864   +    1,058   +  766,466  
      U.S. Treasury securities                                            2,436,986   +    1,054   +  403,696  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,322,690   +    1,031   +  388,428  
        Notes and bonds, inflation-indexed (2)                               97,755            0   +   11,936  
        Inflation compensation (3)                                           16,541   +       23   +    3,332  
      Federal agency debt securities (2)                                     41,562            0   -   24,151  
      Mortgage-backed securities (4)                                      1,678,316   +        4   +  386,921  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,039   -      269   +    5,731  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,673   +       16   -   13,308  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       362   +       27   +       85  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,664   -        4   +      172  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   -        1  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                        44            0   -      151  
  Items in process of collection                                   (0)          116   +       47   -       41  
  Bank premises                                                               2,255   -       13   -       28  
  Central bank liquidity swaps (11)                                              76   -        1   -      241  
  Foreign currency denominated assets (12)                                   23,205   -      136   -      468  
  Other assets (13)                                                          22,391   +    1,137   +    3,252  
                                                                                                               
Total assets                                                       (0)    4,415,587   +    1,851   +  761,405  

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





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Sep 3, 2014   Wednesday    Wednesday  
                                                        consolidation                Aug 27, 2014  Sep 4, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,250,066   +    3,844   +   83,367 
  Reverse repurchase agreements (14)                                         250,306   -   31,696   +  157,595 
  Deposits                                                          (0)    2,850,684   +   28,768   +  520,224 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,813,753   +   35,359   +  539,555 
    U.S. Treasury, General Account                                            21,036   -    8,511   -   15,323 
    Foreign official                                                           6,567   +        3   -    3,813 
    Other (15)                                                      (0)        9,328   +    1,917   -      196 
  Deferred availability cash items                                  (0)        1,203   +      564   -      235 
  Other liabilities and accrued dividends (16)                                 6,992   +      354   -      994 
                                                                                                               
Total liabilities                                                   (0)    4,359,250   +    1,833   +  759,955 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,168   +        8   +      724 
  Surplus                                                                     28,168   +        8   +      724 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,337   +       18   +    1,450 

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 9.                                    
8.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 6 and the note on consolidation accompanying table 9.                                    
10. Refer to table 7 and the note on consolidation accompanying table 9.                                    
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. Revalued daily at current foreign currency exchange rates.                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, September 3, 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                                             1,922          31          93          121         121         320         222         275          26          48         151         183         331
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,347,592      87,937   2,668,205      104,233      94,915     242,970     240,341     177,692      53,679      26,761      57,275     132,470     461,115
    Securities held outright (1)               4,156,864      84,086   2,551,332       99,586      90,759     232,330     229,789     169,897      51,272      25,475      54,756     126,661     440,923
      U.S. Treasury securities                 2,436,986      49,296   1,495,733       58,383      53,208     136,205     134,715      99,603      30,059      14,935      32,101      74,256     258,494
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,436,986      49,296   1,495,733       58,383      53,208     136,205     134,715      99,603      30,059      14,935      32,101      74,256     258,494
      Federal agency debt securities (2)          41,562         841      25,509          996         907       2,323       2,298       1,699         513         255         547       1,266       4,409
      Mortgage-backed securities (4)           1,678,316      33,949   1,030,089       40,207      36,643      93,802      92,776      68,595      20,701      10,285      22,107      51,139     178,021
    Unamortized premiums on securities held 
      outright (5)                               209,039       4,228     128,300        5,008       4,564      11,683      11,556       8,544       2,578       1,281       2,754       6,369      22,173
    Unamortized discounts on securities     
      held outright (5)                          -18,673        -378     -11,461         -447        -408      -1,044      -1,032        -763        -230        -114        -246        -569      -1,981
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            362           0          34           87           0           0          29          15          58         119          12           9           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,664           0       1,664            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)             44           0          44            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     116           0           0            0           0           0         115           0           0           1           0           0           0
  Bank premises                                    2,255         121         434           74         110         222         209         198         123          97         243         224         200
  Central bank liquidity swaps (11)                   76           3          24            6           6          16           4           2           1           0           1           1          11
  Foreign currency denominated assets (12)        23,205       1,055       7,465        1,744       1,845       4,838       1,334         641         195          98         244         388       3,357
  Other assets (13)                               22,391         482      13,394          672         486       1,397       1,224         906         323         205         315         693       2,294
  Interdistrict settlement account                     0  +   23,661  -   69,475   +      247  +    5,785  +    7,100  +    8,852  -   13,227  -   10,532  -    2,089  +      314  +    4,023  +   45,341
                                                                                                                                                                                                         
Total assets                                   4,415,587     113,839   2,627,876      107,645     103,969     258,099     254,303     167,616      44,243      25,383      58,987     139,145     514,481

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





9. Statement of Condition of Each Federal Reserve Bank, September 3, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,443,794      44,662     490,845      42,832      65,137     103,640     212,725      92,915      37,436      21,283      36,828     116,135     179,356
    Less: Notes held by F.R. Banks               193,728       5,134      62,937       6,252       8,643      10,920      20,189      11,854       4,974       4,279       5,189      26,091      27,266
      Federal Reserve notes, net               1,250,066      39,528     427,908      36,580      56,495      92,720     192,536      81,061      32,461      17,003      31,639      90,044     152,090
  Reverse repurchase agreements (14)             250,306       5,063     153,629       5,997       5,465      13,990      13,837      10,230       3,087       1,534       3,297       7,627      26,550
  Deposits                                     2,850,684      66,486   2,024,463      60,637      37,334     139,218      43,097      74,429       8,025       6,415      23,317      40,265     326,997
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,813,753      66,479   1,987,808      60,598      37,331     139,022      43,088      74,421       8,025       6,414      23,315      40,264     326,988
    U.S. Treasury, General Account                21,036           0      21,036           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,567           2       6,539           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     9,328           5       9,080          37           0         188           7           7           0           0           1           0           3
  Deferred availability cash items                 1,203           0           0           0           0           0       1,133           0           0          70           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,887          32       1,188          33          29          88         127          87          25          11          22          54         191
  Other liabilities and accrued             
     dividends (17)                                5,105         166       2,303         210         204         536         362         282         140         116         124         206         456
                                                                                                                                                                                                        
Total liabilities                              4,359,250     111,276   2,609,491     103,458      99,527     246,552     251,092     166,090      43,738      25,149      58,398     138,196     506,283
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,168       1,282       9,193       2,094       2,221       5,773       1,606         763         252         117         294         474       4,099
  Surplus                                         28,168       1,282       9,193       2,094       2,221       5,773       1,606         763         252         117         294         474       4,099
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,415,587     113,839   2,627,876     107,645     103,969     258,099     254,303     167,616      44,243      25,383      58,987     139,145     514,481

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





9. Statement of Condition of Each Federal Reserve Bank, September 3, 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.  Refer to table 5 and the note on consolidation below.                                                                                                                                                   
9.  Refer to table 6 and the note on consolidation below.                                                                                                                                                   
10. Refer to table 7 and the note on consolidation below.                                                                                                                                                   
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. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
16. 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.                                                                                                                                                   
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have         
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.                                                                        


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has 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 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. has written credit default swap contracts. 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 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.                                        

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Sep 3, 2014  

Federal Reserve notes outstanding                                                            1,443,794  
  Less: Notes held by F.R. Banks not subject to collateralization                              193,728  
    Federal Reserve notes to be collateralized                                               1,250,066  
Collateral held against Federal Reserve notes                                                1,250,066  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,233,829  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,156,864  
  Less: Face value of securities under reverse repurchase agreements                           230,228  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,926,636  

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.