FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 11, 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 10, 2014 
Federal Reserve Banks                                     Sep 10, 2014  Sep 3, 2014 Sep 11, 2013              

Reserve Bank credit                                         4,377,690   +    4,183   +  761,693    4,379,719  
  Securities held outright (1)                              4,159,537   +    2,675   +  765,361    4,160,521  
    U.S. Treasury securities                                2,439,657   +    2,671   +  401,376    2,440,637  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,325,368   +    2,678   +  386,333    2,326,351  
      Notes and bonds, inflation-indexed (2)                   97,755            0   +   11,737       97,755  
      Inflation compensation (3)                               16,534   -        7   +    3,306       16,531  
    Federal agency debt securities (2)                         41,562            0   -   22,868       41,562  
    Mortgage-backed securities (4)                          1,678,317   +        4   +  386,851    1,678,322  
  Unamortized premiums on securities held outright (5)        208,963   -      219   +    5,815      208,907  
  Unamortized discounts on securities held outright (5)       -18,664   +       21   -   12,958      -18,654  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           291   -        8   +       18          352  
    Primary credit                                                 10   -       18   -        8           53  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               247   +        9   +       94          266  
    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)                 1,664   -        1   +      171        1,665  
  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   -       80           44  
  Float                                                          -675   -       69   +       94         -627  
  Central bank liquidity swaps (12)                                77   +        1   -      243           77  
  Other Federal Reserve assets (13)                            26,369   +    1,784   +    3,517       27,349  
Foreign currency denominated assets (14)                       22,933   -      353   -      737       22,801  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             46,103   +       14   +      820       46,103  
                                                                                                              
Total factors supplying reserve funds                       4,462,967   +    3,844   +  761,776    4,464,863  

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 10, 2014 
Federal Reserve Banks                                     Sep 10, 2014  Sep 3, 2014 Sep 11, 2013              

Currency in circulation (15)                                 1,292,467   -      442   +   84,956    1,291,993 
Reverse repurchase agreements (16)                             266,584   +      818   +  173,996      267,602 
  Foreign official and international accounts                  102,228   -      296   +    9,640      107,303 
  Others                                                       164,356   +    1,115   +  164,356      160,299 
Treasury cash holdings                                             165   +        4   +       23          164 
Deposits with F.R. Banks, other than reserve balances           52,715   -    6,170   -   19,233       53,117 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                39,081   -    3,787   +      530       31,872 
  Foreign official                                               5,432   -    1,134   -    3,562        5,241 
  Other (17)                                                     8,202   -    1,248   -   16,201       16,004 
Other liabilities and capital (18)                              63,991   -        1   +      818       63,033 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,675,922   -    5,792   +  240,561    1,675,910 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,787,045   +    9,636   +  521,214    2,788,954 

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 10, 2014 
                                                          Sep 10, 2014  Sep 3, 2014 Sep 11, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,338,309   -      417   +   61,832    3,343,937 
  Marketable U.S. Treasury securities (1)                    3,010,563   -      456   +   86,414    3,016,027 
  Federal agency debt and mortgage-backed securities (2)       285,805   +       28   -   29,008      285,934 
  Other securities (3)                                          41,942   +       12   +    4,427       41,976 
Securities lent to dealers                                      10,669   +    1,648   -    1,429       11,123 
  Overnight facility (4)                                        10,669   +    1,648   -    1,429       11,123 
    U.S. Treasury securities                                     9,860   +    1,721   -    1,405       10,373 
    Federal agency debt securities                                 810   -       72   -       23          750 

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 10, 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)                                      118           234             0             0             0           ...           352 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            90         3,194     1,037,162       742,261       657,930     2,440,637 
  Weekly changes                                 0             0             0    +    1,615    -        1    +    2,037    +    3,651 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,556         1,329         3,584        32,746             0         2,347        41,562 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         4,698     1,673,614     1,678,322 
  Weekly changes                                 0             0             0             0    +      863    -      857    +        6 
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)                77             0             0             0             0             0            77 
                                                                                                                                       
Reverse repurchase agreements (6)          267,602             0           ...           ...           ...           ...       267,602 
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 10, 2014  

Mortgage-backed securities held outright (1)                                                                             1,678,322  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           80,643  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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 10, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,665  
                                                                                                                                    
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 10, 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 10, 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 10, 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 10, 2014   Wednesday    Wednesday  
                                                        consolidation                 Sep 3, 2014 Sep 11, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,930   +        8   -       62  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,351,126   +    3,534   +  756,847  
    Securities held outright (1)                                          4,160,521   +    3,657   +  763,739  
      U.S. Treasury securities                                            2,440,637   +    3,651   +  399,549  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,326,351   +    3,661   +  385,784  
        Notes and bonds, inflation-indexed (2)                               97,755            0   +   10,546  
        Inflation compensation (3)                                           16,531   -       10   +    3,219  
      Federal agency debt securities (2)                                     41,562            0   -   22,654  
      Mortgage-backed securities (4)                                      1,678,322   +        6   +  386,844  
    Unamortized premiums on securities held outright  
    (5)                                                                     208,907   -      132   +    5,820  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,654   +       19   -   12,787  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       352   -       10   +       75  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,665   +        1   +      167  
  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   -       68  
  Items in process of collection                                   (0)           94   -       22   -       31  
  Bank premises                                                               2,255            0   -       29  
  Central bank liquidity swaps (11)                                              77   +        1   -      243  
  Foreign currency denominated assets (12)                                   22,801   -      404   -      925  
  Other assets (13)                                                          25,095   +    2,704   +    3,719  
                                                                                                               
Total assets                                                       (0)    4,421,408   +    5,821   +  759,373  

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 10, 2014   Wednesday    Wednesday  
                                                        consolidation                 Sep 3, 2014 Sep 11, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,247,980   -    2,086   +   84,510 
  Reverse repurchase agreements (14)                                         267,602   +   17,296   +  175,438 
  Deposits                                                          (0)    2,842,072   -    8,612   +  499,663 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,788,954   -   24,799   +  513,312 
    U.S. Treasury, General Account                                            31,872   +   10,836   +    1,852 
    Foreign official                                                           5,241   -    1,326   -    3,524 
    Other (15)                                                      (0)       16,004   +    6,676   -   11,978 
  Deferred availability cash items                                  (0)          721   -      482   -      163 
  Other liabilities and accrued dividends (16)                                 6,693   -      299   -    1,529 
                                                                                                               
Total liabilities                                                   (0)    4,365,067   +    5,817   +  757,919 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,170   +        2   +      726 
  Surplus                                                                     28,170   +        2   +      726 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,341   +        4   +    1,454 

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 10, 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                                             1,930          32          94          124         123         320         222         276          25          46         153         182         332
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,351,126      88,009   2,670,390      104,231      94,993     243,168     240,542     177,833      53,725      26,795      57,330     132,586     461,524
    Securities held outright (1)               4,160,521      84,160   2,553,576       99,673      90,839     232,534     229,991     170,046      51,317      25,497      54,804     126,772     441,311
      U.S. Treasury securities                 2,440,637      49,370   1,497,974       58,470      53,288     136,409     134,917      99,752      30,104      14,957      32,149      74,367     258,881
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,440,637      49,370   1,497,974       58,470      53,288     136,409     134,917      99,752      30,104      14,957      32,149      74,367     258,881
      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)           1,678,322      33,949   1,030,093       40,207      36,644      93,803      92,777      68,595      20,701      10,285      22,107      51,139     178,021
    Unamortized premiums on securities held 
      outright (5)                               208,907       4,226     128,220        5,005       4,561      11,676      11,548       8,538       2,577       1,280       2,752       6,365      22,159
    Unamortized discounts on securities     
      held outright (5)                          -18,654        -377     -11,449         -447        -407      -1,043      -1,031        -762        -230        -114        -246        -568      -1,979
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            352           1          44            0           0           0          34          11          61         132          20          17          33
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,665           0       1,665            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                      94           0           0            0           0           0          93           0           0           1           0           0           0
  Bank premises                                    2,255         121         434           74         110         222         209         198         124          97         243         224         200
  Central bank liquidity swaps (11)                   77           4          25            6           6          16           4           2           1           0           1           1          11
  Foreign currency denominated assets (12)        22,801       1,037       7,335        1,714       1,813       4,754       1,311         629         192          96         240         381       3,299
  Other assets (13)                               25,095         535      15,039          739         546       1,547       1,374       1,014         356         219         347         798       2,580
  Interdistrict settlement account                     0  +   10,547  -   58,585   +    2,678  +    9,252  +      197  +    8,040  -   10,297  -   10,950  -    2,083  -      134  +    2,635  +   48,701
                                                                                                                                                                                                         
Total assets                                   4,421,408     100,833   2,642,468      110,114     107,543     251,460     253,799     170,787      43,900      25,434      58,623     137,969     518,478

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 10, 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            1,443,974      44,572     489,349      42,766      65,118     103,568     212,875      94,569      37,360      21,242      36,783     115,911     179,862
    Less: Notes held by F.R. Banks               195,994       5,311      63,063       6,357       8,870      11,177      20,690      11,915       4,937       4,278       5,302      25,736      28,359
      Federal Reserve notes, net               1,247,980      39,261     426,285      36,409      56,248      92,391     192,186      82,654      32,423      16,964      31,481      90,175     151,503
  Reverse repurchase agreements (14)             267,602       5,413     164,244       6,411       5,843      14,956      14,793      10,937       3,301       1,640       3,525       8,154      28,385
  Deposits                                     2,842,072      53,409   2,030,175      62,876      40,791     131,999      42,547      75,315       7,510       6,356      22,882      38,429     329,783
    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                           2,788,954      53,397   1,977,410      62,837      40,788     131,731      42,538      75,306       7,510       6,355      22,881      38,428     329,774
    U.S. Treasury, General Account                31,872           0      31,872           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,241           2       5,214           3           3           8           2           1           0           0           0           1           6
    Other (15)                                    16,004          11      15,679          36           0         260           7           7           0           0           1           0           3
  Deferred availability cash items                   721           0           0           0           0           0         611           0           0         110           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,693          19       1,199          20          10          23          86          73          20          12          20          54         155
  Other liabilities and accrued             
     dividends (17)                                5,000         167       2,179         211         208         544         361         282         142         118         126         208         454
                                                                                                                                                                                                        
Total liabilities                              4,365,067      98,270   2,624,083     105,927     103,101     239,913     250,583     169,261      43,395      25,200      58,034     137,021     510,279
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,170       1,282       9,193       2,093       2,221       5,773       1,608         763         252         117         295         474       4,099
  Surplus                                         28,170       1,282       9,193       2,093       2,221       5,773       1,608         763         252         117         295         474       4,099
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,421,408     100,833   2,642,468     110,114     107,543     251,460     253,799     170,787      43,900      25,434      58,623     137,969     518,478

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 10, 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 10, 2014  

Federal Reserve notes outstanding                                                            1,443,974  
  Less: Notes held by F.R. Banks not subject to collateralization                              195,994  
    Federal Reserve notes to be collateralized                                               1,247,980  
Collateral held against Federal Reserve notes                                                1,247,980  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,231,743  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,160,521  
  Less: Face value of securities under reverse repurchase agreements                           257,508  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,903,013  

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.