FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EST

September 18, 2014

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository

Institutions and Condition Statement of Federal Reserve Banks,” has been modified to reflect the

removal of table 5 “Information on Principal Accounts of Maiden Lane II LLC” and table 6

“Information on Principal Accounts of Maiden Lane III LLC.” The tables have been removed

because the portfolio holdings have been reduced to de minimis balances.

Amounts for “Net portfolio holdings of Maiden Lane II LLC,” and “Net portfolio holdings of

Maiden Lane III LLC” continue to be shown on table 1 “Factors Affecting Reserve Balances of

Depository Institutions,” and on the renumbered table 6 “Consolidated Statement of Condition of

All Federal Reserve Banks” in order to provide information on figures from the previous year.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 18, 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

Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Wednesday

Sep 17, 2014

Reserve Bank credit 4,407,615 + 29,925 + 735,189 4,407,975

Securities held outright1 4,186,546 + 27,009 + 737,788 4,187,075

U.S. Treasury securities 2,443,698 + 4,041 + 396,164 2,446,572

Bills2 0 0 0 0

Notes and bonds, nominal2 2,328,925 + 3,557 + 381,918 2,331,803

Notes and bonds, inflation-indexed2 98,188 + 433 + 10,979 98,188

Inflation compensation3 16,584 + 50 + 3,267 16,581

Federal agency debt securities2 41,117 - 445 - 22,857 40,006

Mortgage-backed securities4 1,701,731 + 23,414 + 364,481 1,700,497

Unamortized premiums on securities held outright5 209,743 + 780 + 5,909 209,694

Unamortized discounts on securities held outright5 -18,643 + 21 - 12,347 -18,700

Repurchase agreements6 0 0 0 0

Loans 302 + 11 + 16 317

Primary credit 3 - 7 - 27 18

Secondary credit 0 0 0 0

Seasonal credit 265 + 18 + 111 266

Term Asset-Backed Securities Loan Facility7 34 0 - 68 34

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,664 0 + 166 1,664

Net portfolio holdings of Maiden Lane II LLC9 36 - 27 - 28 0

Net portfolio holdings of Maiden Lane III LLC9 12 - 10 - 10 0

Net portfolio holdings of TALF LLC10 44 0 - 68 44

Float -616 + 59 + 52 -568

Central bank liquidity swaps11 75 - 2 - 187 75

Other Federal Reserve assets12 28,451 + 2,082 + 3,896 28,373

Foreign currency denominated assets13 22,819 - 114 - 1,003 22,790

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,117 + 14 + 817 46,117

Total factors supplying reserve funds 4,492,792 + 29,825 + 735,002 4,493,123

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

Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Wednesday

Sep 17, 2014

Currency in circulation14 1,289,344 - 3,123 + 84,271 1,288,982

Reverse repurchase agreements15 250,811 - 15,773 + 157,983 252,224

Foreign official and international accounts 100,379 - 1,849 + 7,551 95,288

Others 150,431 - 13,925 + 150,431 156,936

Treasury cash holdings 164 - 1 + 20 165

Deposits with F.R. Banks, other than reserve balances 89,589 + 36,874 - 10,803 136,891

Term deposits held by depository institutions 0 0 - 11,662 0

U.S. Treasury, General Account 66,417 + 27,336 + 18,318 123,965

Foreign official 5,246 - 186 - 3,494 5,244

Other16 17,926 + 9,724 - 13,966 7,682

Other liabilities and capital17 64,888 + 897 - 1,083 62,953

Total factors, other than reserve balances,

absorbing reserve funds 1,694,796 + 18,874 + 230,389 1,741,215

Reserve balances with Federal Reserve Banks 2,797,996 + 10,951 + 504,613 2,751,908

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

Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Wednesday

Sep 17, 2014

Securities held in custody for foreign official and international

accounts 3,347,141 + 8,832 + 68,065 3,355,523

Marketable U.S. Treasury securities1 3,021,888 + 11,325 + 95,796 3,029,889

Federal agency debt and mortgage-backed securities2 282,693 - 3,112 - 32,259 282,806

Other securities3 42,559 + 617 + 4,527 42,827

Securities lent to dealers 10,245 - 424 - 7,414 11,799

Overnight facility4 10,245 - 424 - 7,414 11,799

U.S. Treasury securities 9,518 - 342 - 7,171 11,091

Federal agency debt securities 728 - 82 - 242 708

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, September 17, 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 287 30 0 0 0 ... 317

U.S. Treasury securities1

Holdings 1 89 3,194 1,037,160 746,714 659,414 2,446,572

Weekly changes + 1 - 1 0 - 2 + 4,453 + 1,484 + 5,935

Federal agency debt securities2

Holdings 0 1,329 3,584 32,746 0 2,347 40,006

Weekly changes - 1,556 0 0 0 0 0 - 1,556

Mortgage-backed securities3

Holdings 0 0 0 10 4,773 1,695,714 1,700,497

Weekly changes 0 0 0 0 + 75 + 22,100 + 22,175

Asset-backed securities held by

TALF LLC4 0 0 0 0 0 0 0

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

Central bank liquidity swaps6 75 0 0 0 0 0 75

Reverse repurchase agreements5 252,224 0 ... ... ... ... 252,224

Term deposits 0 0 0 ... ... ... 0

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 Sep 17, 2014

Mortgage-backed securities held outright1 1,700,497

Commitments to buy mortgage-backed securities2 58,563

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 138

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 Sep 17, 2014

Net portfolio holdings of Maiden Lane LLC1 1,664

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 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 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 Sep 17, 2014

Asset-backed securities holdings1 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 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

Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,933 + 3 - 68

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,378,387 + 27,261 + 724,969

Securities held outright1 4,187,075 + 26,554 + 731,597

U.S. Treasury securities 2,446,572 + 5,935 + 394,517

Bills2 0 0 0

Notes and bonds, nominal2 2,331,803 + 5,452 + 380,278

Notes and bonds, inflation-indexed2 98,188 + 433 + 10,979

Inflation compensation3 16,581 + 50 + 3,260

Federal agency debt securities2 40,006 - 1,556 - 23,646

Mortgage-backed securities4 1,700,497 + 22,175 + 360,726

Unamortized premiums on securities held outright5 209,694 + 787 + 5,617

Unamortized discounts on securities held outright5 -18,700 - 46 - 12,261

Repurchase agreements6 0 0 0

Loans 317 - 35 + 15

Net portfolio holdings of Maiden Lane LLC7 1,664 - 1 + 168

Net portfolio holdings of Maiden Lane II LLC8 0 - 63 - 64

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

Net portfolio holdings of TALF LLC9 44 0 - 68

Items in process of collection (0) 84 - 10 - 40

Bank premises 2,259 + 4 - 27

Central bank liquidity swaps10 75 - 2 - 187

Foreign currency denominated assets11 22,790 - 11 - 1,090

Other assets12 26,115 + 1,020 + 3,827

Total assets (0) 4,449,588 + 28,180 + 727,396

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

Sep 17, 2014 Sep 10, 2014 Sep 18, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,244,959 - 3,021 + 83,114

Reverse repurchase agreements13 252,224 - 15,378 + 159,204

Deposits (0) 2,888,799 + 46,727 + 486,106

Term deposits held by depository institutions 0 0 - 11,662

Other deposits held by depository institutions 2,751,908 - 37,046 + 497,876

U.S. Treasury, General Account 123,965 + 92,093 + 63,051

Foreign official 5,244 + 3 - 3,630

Other14 (0) 7,682 - 8,322 - 59,529

Deferred availability cash items (0) 652 - 69 - 124

Other liabilities and accrued dividends15 6,607 - 86 - 2,375

Total liabilities (0) 4,393,241 + 28,174 + 725,926

Capital accounts

Capital paid in 28,173 + 3 + 735

Surplus 28,173 + 3 + 735

Other capital accounts 0 0 0

Total capital 56,347 + 6 + 1,471

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, September 17, 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 1,933 36 93 123 121 322 224 276 24 47 152 182 333

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,378,387 88,561 2,687,133 104,885 95,588 244,693 242,058 178,957 54,059 26,967 57,690 133,409 464,386

Securities held outright1 4,187,075 84,697 2,569,874 100,310 91,418 234,018 231,459 171,132 51,645 25,660 55,154 127,581 444,127

U.S. Treasury securities 2,446,572 49,490 1,501,616 58,612 53,417 136,741 135,245 99,995 30,177 14,993 32,227 74,548 259,510

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

Notes and bonds3 2,446,572 49,490 1,501,616 58,612 53,417 136,741 135,245 99,995 30,177 14,993 32,227 74,548 259,510

Federal agency debt securities2 40,006 809 24,554 958 873 2,236 2,212 1,635 493 245 527 1,219 4,243

Mortgage-backed securities4 1,700,497 34,398 1,043,703 40,739 37,128 95,042 94,003 69,502 20,974 10,421 22,400 51,815 180,373

Unamortized premiums on securities 

held outright5 209,694 4,242 128,703 5,024 4,578 11,720 11,592 8,571 2,586 1,285 2,762 6,389 22,243

Unamortized discounts on securities 

held outright5 -18,700 -378 -11,477 -448 -408 -1,045 -1,034 -764 -231 -115 -246 -570 -1,983

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

Loans 317 0 34 0 0 0 41 19 59 137 20 8 0

Net portfolio holdings of Maiden

Lane LLC7 1,664 0 1,664 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 44 0 44 0 0 0 0 0 0 0 0 0 0

Items in process of collection 84 0 0 0 0 0 84 0 0 0 0 0 0

Bank premises 2,259 121 436 74 110 222 209 198 124 97 243 224 200

Central bank liquidity swaps10 75 3 24 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated

assets11 22,790 1,036 7,331 1,713 1,812 4,752 1,310 629 192 96 240 381 3,297

Other assets12 26,115 563 15,726 627 571 1,622 1,422 1,056 370 227 365 864 2,701

Interdistrict settlement account 0 + 16,043 - 9,695 + 2,898 + 2,457 - 21,181 + 5,302 - 15,625 - 11,456 - 3,187 - 2,845 + 1,237 + 36,050

Total assets 4,449,588 106,911 2,708,700 110,874 101,366 231,682 252,616 166,624 43,741 24,511 56,290 137,459 508,810

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, September 17, 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 1,443,719 44,582 488,162 42,879 65,371 103,395 213,114 94,509 37,695 21,116 36,702 116,020 180,173

Less: Notes held by F.R. Banks 198,759 5,437 64,233 6,326 9,148 11,498 21,568 11,527 4,969 4,201 5,408 25,355 29,090

Federal Reserve notes, net 1,244,959 39,145 423,929 36,552 56,223 91,898 191,547 82,982 32,727 16,915 31,294 90,665 151,084

Reverse repurchase agreements13 252,224 5,102 154,806 6,043 5,507 14,097 13,943 10,309 3,111 1,546 3,322 7,685 26,754

Deposits 2,888,799 59,886 2,108,673 63,828 34,939 113,467 42,852 71,433 7,235 5,602 20,932 37,883 322,069

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 2,751,908 59,877 1,972,008 63,789 34,935 113,323 42,843 71,424 7,234 5,602 20,930 37,881 322,060

U.S. Treasury, General Account 123,965 0 123,965 0 0 0 0 0 0 0 0 0 0

Foreign official 5,244 2 5,217 3 3 8 2 1 0 0 0 1 6

Other14 7,682 7 7,483 36 0 136 7 7 0 0 1 2 3

Deferred availability cash items 652 0 0 0 0 0 566 0 0 86 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,932 36 1,201 40 41 102 111 81 23 8 25 62 202

Other liabilities and accrued

dividends16 4,674 179 1,706 225 216 571 381 294 141 121 128 215 496

Total liabilities 4,393,241 104,348 2,690,315 106,688 96,926 220,135 249,400 165,098 43,237 24,277 55,702 136,511 500,605

Capital

Capital paid in 28,173 1,282 9,193 2,093 2,220 5,774 1,608 763 252 117 294 474 4,103

Surplus 28,173 1,282 9,193 2,093 2,220 5,774 1,608 763 252 117 294 474 4,103

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

Total liabilities and capital 4,449,588 106,911 2,708,700 110,874 101,366 231,682 252,616 166,624 43,741 24,511 56,290 137,459 508,810

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, September 17, 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 Sep 17, 2014

Federal Reserve notes outstanding 1,443,719

Less: Notes held by F.R. Banks not subject to collateralization 198,759

Federal Reserve notes to be collateralized 1,244,959

Collateral held against Federal Reserve notes 1,244,959

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,228,722

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,187,075

Less: Face value of securities under reverse repurchase agreements 245,957

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,118

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.