FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

October 30, 2014

The weekly average values, shown in table 1, reflect the September 30, 2014, quarterly updates

to the fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment

of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in “Other

Federal Reserve assets.” The amounts for the first six days of this reporting week are based on

the values as of June 30, 2014, and the amounts for the last day of the reporting week are based

on the values as of September 30, 2014.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 30, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Wednesday

Oct 29, 2014

Reserve Bank credit 4,450,920 + 14,234 + 655,600 4,445,443

Securities held outright1 4,223,920 + 12,770 + 657,529 4,219,168

U.S. Treasury securities 2,460,718 + 3,659 + 348,081 2,461,580

Bills2 0 0 0 0

Notes and bonds, nominal2 2,345,835 + 3,703 + 335,354 2,346,714

Notes and bonds, inflation-indexed2 98,469 0 + 9,880 98,469

Inflation compensation3 16,414 - 43 + 2,847 16,398

Federal agency debt securities2 39,700 0 - 19,380 39,700

Mortgage-backed securities4 1,723,502 + 9,110 + 328,828 1,717,888

Unamortized premiums on securities held outright5 209,411 + 166 + 3,972 209,140

Unamortized discounts on securities held outright5 -18,705 + 2 - 10,348 -18,694

Repurchase agreements6 0 0 0 0

Loans 218 - 3 - 15 206

Primary credit 12 + 7 - 5 28

Secondary credit 0 0 0 0

Seasonal credit 194 - 8 + 78 178

Term Asset-Backed Securities Loan Facility7 12 - 2 - 88 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,672 - 1 + 175 1,679

Net portfolio holdings of Maiden Lane II LLC9 0 0 - 64 0

Net portfolio holdings of Maiden Lane III LLC9 0 0 - 22 0

Net portfolio holdings of TALF LLC10 24 0 - 87 24

Float -512 + 106 + 41 -547

Central bank liquidity swaps11 0 0 - 272 0

Other Federal Reserve assets12 34,891 + 1,194 + 4,689 34,467

Foreign currency denominated assets13 22,481 - 157 - 2,016 22,542

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding14 46,216 + 14 + 815 46,216

Total factors supplying reserve funds 4,535,858 + 14,091 + 654,399 4,530,443

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Wednesday

Oct 29, 2014

Currency in circulation14 1,297,194 + 806 + 79,945 1,299,173

Reverse repurchase agreements15 219,152 - 5,888 + 107,636 236,689

Foreign official and international accounts 102,406 + 3,008 - 5,642 101,999

Others 116,746 - 8,896 + 113,278 134,690

Treasury cash holdings 198 + 3 + 2 203

Deposits with F.R. Banks, other than reserve balances 325,207 + 78,016 + 262,770 304,029

Term deposits held by depository institutions 171,861 + 61,832 + 171,861 171,860

U.S. Treasury, General Account 118,424 - 5,090 + 86,618 118,660

Foreign official 5,264 + 18 - 3,389 5,253

Other16 29,659 + 21,257 + 7,681 8,257

Other liabilities and capital17 64,298 - 42 - 846 63,075

Total factors, other than reserve balances,

absorbing reserve funds 1,906,050 + 72,895 + 449,508 1,903,169

Reserve balances with Federal Reserve Banks 2,629,809 - 58,804 + 204,892 2,627,273

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 7.

9. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Refer to the note on consolidation accompanying table 7.

10. Refer to table 5 and the note on consolidation accompanying table 7.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

13. Revalued daily at current foreign currency exchange rates.

14. Estimated.

15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

16. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

17. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the

portfolio holdings of this LLC. Refer to table 5 and the note on consolidation accompanying table 7. Also includes the liability for interest on Federal

Reserve notes due to U.S. Treasury. Refer to table 6 and table 7.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Wednesday

Oct 29, 2014

Securities held in custody for foreign official and international

accounts 3,291,463 - 11,891 - 24,721 3,282,086

Marketable U.S. Treasury securities1 2,963,544 - 9,236 + 8,337 2,955,615

Federal agency debt and mortgage-backed securities2 286,078 - 2,759 - 34,328 284,695

Other securities3 41,841 + 104 + 1,270 41,776

Securities lent to dealers 10,103 - 3,002 - 6,751 9,651

Overnight facility4 10,103 - 3,002 - 6,751 9,651

U.S. Treasury securities 9,422 - 3,032 - 6,335 8,994

Federal agency debt securities 681 + 30 - 416 657

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 6, and 7.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 29, 2014

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 202 4 0 0 0 ... 206

U.S. Treasury securities1

Holdings 1 89 3,193 1,050,006 744,464 663,827 2,461,580

Weekly changes 0 0 0 - 6 + 1,491 + 899 + 2,383

Federal agency debt securities2

Holdings 0 2,112 3,442 31,799 0 2,347 39,700

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 10 5,107 1,712,770 1,717,888

Weekly changes 0 0 0 0 - 86 + 2,528 + 2,443

Asset-backed securities held by

TALF LLC4 0 0 0 0 0 0 0

Repurchase agreements5 0 0 ... ... ... ... 0

Central bank liquidity swaps6 0 0 0 0 0 0 0

Reverse repurchase agreements5 236,689 0 ... ... ... ... 236,689

Term deposits 171,860 0 0 ... ... ... 171,860

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

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

4. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

5. Cash value of agreements.

6. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Oct 29, 2014

Mortgage-backed securities held outright1 1,717,888

Commitments to buy mortgage-backed securities2 46,479

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 10

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 6 and table 7.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Oct 29, 2014

Net portfolio holdings of Maiden Lane LLC1 1,679

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2014. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 7.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 6 and table 7.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Oct 29, 2014

Asset-backed securities holdings1 0

Other investments, net 24

Net portfolio holdings of TALF LLC 24

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 7.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 6

and table 7.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through

the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

6. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,914 + 23 - 59

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,409,820 + 4,793 + 642,021

Securities held outright1 4,219,168 + 4,826 + 648,650

U.S. Treasury securities 2,461,580 + 2,383 + 343,830

Bills2 0 0 0

Notes and bonds, nominal2 2,346,714 + 2,427 + 331,130

Notes and bonds, inflation-indexed2 98,469 0 + 9,880

Inflation compensation3 16,398 - 43 + 2,821

Federal agency debt securities2 39,700 0 - 19,380

Mortgage-backed securities4 1,717,888 + 2,443 + 324,201

Unamortized premiums on securities held outright5 209,140 - 32 + 3,656

Unamortized discounts on securities held outright5 -18,694 + 32 - 10,279

Repurchase agreements6 0 0 0

Loans 206 - 34 - 6

Net portfolio holdings of Maiden Lane LLC7 1,679 + 8 + 164

Net portfolio holdings of Maiden Lane II LLC8 0 0 - 64

Net portfolio holdings of Maiden Lane III LLC8 0 0 - 22

Net portfolio holdings of TALF LLC9 24 0 - 87

Items in process of collection (0) 71 0 - 30

Bank premises 2,268 + 5 - 30

Central bank liquidity swaps10 0 0 - 272

Foreign currency denominated assets11 22,542 + 52 - 1,890

Other assets12 32,199 + 257 + 3,625

Total assets (0) 4,486,754 + 5,138 + 643,358

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,255,070 + 2,149 + 79,520

Reverse repurchase agreements13 236,689 + 773 + 122,399

Deposits (0) 2,931,303 + 2,365 + 442,387

Term deposits held by depository institutions 171,860 + 61,831 + 171,860

Other deposits held by depository institutions 2,627,273 - 52,333 + 192,327

U.S. Treasury, General Account 118,660 - 5,936 + 87,935

Foreign official 5,253 + 5 - 3,400

Other14 (0) 8,257 - 1,201 - 6,335

Deferred availability cash items (0) 618 - 1 - 87

Other liabilities and accrued dividends15 6,618 - 148 - 2,462

Total liabilities (0) 4,430,297 + 5,138 + 641,755

Capital accounts

Capital paid in 28,228 0 + 801

Surplus 28,228 0 + 801

Other capital accounts 0 0 0

Total capital 56,457 0 + 1,602

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 7.

8. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Refer to the note on consolidation accompanying table 7.

9. Refer to table 5 and the note on consolidation accompanying table 7.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

11. Revalued daily at current foreign currency exchange rates.

12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

15. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the

portfolio holdings of this LLC. Refer to table 5 and the note on consolidation accompanying table 7. Also includes the liability for interest on Federal

Reserve notes due to U.S. Treasury.
H.4.1

7. Statement of Condition of Each Federal Reserve Bank, October 29, 2014

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 1,914 30 90 124 117 312 217 271 19 45 150 179 360

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,409,820 89,199 2,706,461 105,641 96,277 246,457 243,792 180,234 54,402 27,133 58,105 134,371 467,747

Securities held outright1 4,219,168 85,346 2,589,571 101,078 92,119 235,812 233,233 172,443 52,041 25,857 55,576 128,559 447,531

U.S. Treasury securities 2,461,580 49,793 1,510,828 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 2,461,580 49,793 1,510,828 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102

Federal agency debt securities2 39,700 803 24,366 951 867 2,219 2,195 1,623 490 243 523 1,210 4,211

Mortgage-backed securities4 1,717,888 34,750 1,054,377 41,155 37,507 96,014 94,964 70,212 21,189 10,528 22,629 52,344 182,218

Unamortized premiums on securities 

held outright5 209,140 4,231 128,363 5,010 4,566 11,689 11,561 8,548 2,580 1,282 2,755 6,373 22,184

Unamortized discounts on securities 

held outright5 -18,694 -378 -11,473 -448 -408 -1,045 -1,033 -764 -231 -115 -246 -570 -1,983

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 206 0 0 0 0 1 32 7 13 110 20 9 15

Net portfolio holdings of Maiden

Lane LLC7 1,679 0 1,679 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC9 24 0 24 0 0 0 0 0 0 0 0 0 0

Items in process of collection 71 0 0 0 0 0 71 0 0 0 0 0 0

Bank premises 2,268 122 442 74 111 221 211 200 123 97 243 224 200

Central bank liquidity swaps10 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets11 22,542 1,025 7,251 1,695 1,792 4,700 1,296 622 189 95 237 377 3,262

Other assets12 32,199 687 19,458 771 704 1,941 1,773 1,299 457 228 447 1,097 3,337

Interdistrict settlement account 0 + 25,199 - 18,517 - 3,165 + 7,438 - 15,486 - 1,293 - 12,953 - 9,375 - 471 - 3,346 + 3,450 + 28,518

Total assets 4,486,754 116,811 2,722,831 105,688 107,140 239,381 248,071 170,803 46,244 27,390 56,280 140,860 505,256

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

7. Statement of Condition of Each Federal Reserve Bank, October 29, 2014 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,450,759 44,339 480,420 44,684 67,070 102,299 214,050 98,924 39,521 21,391 36,526 117,659 183,876

Less: Notes held by F.R. Banks 195,689 5,316 67,220 5,957 8,750 11,516 22,425 10,941 4,795 3,835 5,324 20,925 28,684

Federal Reserve notes, net 1,255,070 39,023 413,200 38,726 58,320 90,783 191,624 87,983 34,727 17,555 31,202 96,733 155,192

Reverse repurchase agreements13 236,689 4,788 145,271 5,670 5,168 13,229 13,084 9,674 2,919 1,451 3,118 7,212 25,106

Deposits 2,931,303 70,216 2,142,844 57,897 38,944 122,233 39,112 71,263 7,935 7,899 21,215 35,688 316,059

Term deposits held by depository

institutions 171,860 30 125,620 19,310 2,260 23 555 7,195 15 94 3,553 2,105 11,100

Other deposits held by depository

institutions 2,627,273 70,179 1,885,357 38,556 36,681 121,982 38,548 64,059 7,919 7,804 17,661 33,578 304,950

U.S. Treasury, General Account 118,660 0 118,660 0 0 0 0 0 0 0 0 0 0

Foreign official 5,253 2 5,225 3 3 8 2 1 0 0 0 1 6

Other14 8,257 5 7,982 28 0 220 7 8 0 0 1 4 3

Deferred availability cash items 618 0 0 0 0 0 501 0 0 116 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,648 34 1,155 45 43 -92 103 69 15 8 18 55 195

Other liabilities and accrued

dividends16 4,970 186 1,975 216 224 624 391 286 142 121 128 204 473

Total liabilities 4,430,297 114,247 2,704,445 102,554 102,698 226,776 244,816 169,275 45,738 27,149 55,682 139,891 497,024

Capital

Capital paid in 28,228 1,282 9,193 1,567 2,221 6,302 1,627 764 253 120 299 484 4,116

Surplus 28,228 1,282 9,193 1,567 2,221 6,302 1,627 764 253 120 299 484 4,116

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,486,754 116,811 2,722,831 105,688 107,140 239,381 248,071 170,803 46,244 27,390 56,280 140,860 505,256

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

7. Statement of Condition of Each Federal Reserve Bank, October 29, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to

the note on consolidation below.

9. Refer to table 5 and the note on consolidation below.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

11. Revalued daily at current foreign currency exchange rates.

12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

16. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5 and

the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was

extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane

LLC was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with

interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the

American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a

loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to

extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan

extended under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY’s commitment to extend credit to TALF LLC was eliminated.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 6), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 6).
H.4.1

8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Oct 29, 2014

Federal Reserve notes outstanding 1,450,759

Less: Notes held by F.R. Banks not subject to collateralization 195,689

Federal Reserve notes to be collateralized 1,255,070

Collateral held against Federal Reserve notes 1,255,070

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,238,833

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,219,168

Less: Face value of securities under reverse repurchase agreements 229,617

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,989,551

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.