---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 23, 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  Oct 22, 2014 
Federal Reserve Banks                                     Oct 22, 2014 Oct 15, 2014 Oct 23, 2013              

Reserve Bank credit                                         4,436,686   +   15,213   +  654,283    4,440,380  
  Securities held outright (1)                              4,211,150   +   14,474   +  657,465    4,214,342  
    U.S. Treasury securities                                2,457,059   +    2,499   +  355,900    2,459,197  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,342,132   +    2,538   +  343,101    2,344,287  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    9,880       98,469  
      Inflation compensation (3)                               16,457   -       41   +    2,918       16,441  
    Federal agency debt securities (2)                         39,700   -      262   -   19,535       39,700  
    Mortgage-backed securities (4)                          1,714,392   +   12,239   +  321,101    1,715,445  
  Unamortized premiums on securities held outright (5)        209,245   +      277   +    3,876      209,172  
  Unamortized discounts on securities held outright (5)       -18,707   +       28   -   10,604      -18,726  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           221   -        5   -       22          240  
    Primary credit                                                  5   +        1   -       14           24  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               202   -        6   +       78          201  
    Term Asset-Backed Securities Loan Facility (7)                 14            0   -       86           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,673   +        2   +      180        1,671  
  Net portfolio holdings of Maiden Lane II LLC (9)                  0            0   -       64            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                 0            0   -       22            0  
  Net portfolio holdings of TALF LLC (10)                          24            0   -       87           24  
  Float                                                          -618   +       22   +       15         -548  
  Central bank liquidity swaps (11)                                 0            0   -      272            0  
  Other Federal Reserve assets (12)                            33,697   +      414   +    3,816       34,206  
Foreign currency denominated assets (13)                       22,638   +      155   -    1,758       22,490  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,202   +       14   +      817       46,202  
                                                                                                              
Total factors supplying reserve funds                       4,521,767   +   15,381   +  653,343    4,525,314  

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  Oct 22, 2014 
Federal Reserve Banks                                     Oct 22, 2014 Oct 15, 2014 Oct 23, 2013              

Currency in circulation (14)                                 1,296,388   +      571   +   80,602    1,297,040 
Reverse repurchase agreements (15)                             225,040   -   29,403   +  107,083      235,916 
  Foreign official and international accounts                   99,398   +      296   -   12,163      100,492 
  Others                                                       125,642   -   29,699   +  119,246      135,424 
Treasury cash holdings                                             195   +        1   +       11          197 
Deposits with F.R. Banks, other than reserve balances          247,191   +  149,695   +  135,358      249,331 
  Term deposits held by depository institutions                110,029   +  110,029   +  110,029      110,029 
  U.S. Treasury, General Account                               123,514   +   43,724   +   79,321      124,596 
  Foreign official                                               5,246   +        3   -    3,414        5,248 
  Other (16)                                                     8,402   -    4,061   -   50,577        9,458 
Other liabilities and capital (17)                              64,340   -      807   -      879       63,223 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,833,155   +  120,059   +  322,177    1,845,708 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,688,613   -  104,677   +  331,167    2,679,606 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 22, 2014 
                                                          Oct 22, 2014 Oct 15, 2014 Oct 23, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,303,354   -   14,670   -   18,743    3,290,927 
  Marketable U.S. Treasury securities (1)                    2,972,780   -   10,137   +    8,247    2,961,159 
  Federal agency debt and mortgage-backed securities (2)       288,837   -    2,318   -   28,351      288,081 
  Other securities (3)                                          41,737   -    2,216   +    1,360       41,688 
Securities lent to dealers                                      13,105   +      509   -    2,237       10,410 
  Overnight facility (4)                                        13,105   +      509   -    2,237       10,410 
    U.S. Treasury securities                                    12,454   +      651   -    1,810        9,753 
    Federal agency debt securities                                 651   -      142   -      427          657 

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


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 6, and 7.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 22, 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                                          240             0             0             0             0           ...           240 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1            89         3,193     1,050,012       742,973       662,928     2,459,197 
  Weekly changes                        +        1    -        1    -        1    +    2,156    +    1,540    +      156    +    3,852 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         2,112         3,442        31,799             0         2,347        39,700 
  Weekly changes                                 0    +    1,089    -    1,089             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            10         5,193     1,710,242     1,715,445 
  Weekly changes                                 0             0             0             0    +      170    +    1,797    +    1,967 
Asset-backed securities held by      
  TALF LLC (4)                                   0             0             0             0             0             0             0 
Repurchase agreements (5)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (6)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (5)          235,916             0           ...           ...           ...           ...       235,916 
Term deposits                              110,029             0             0           ...           ...           ...       110,029 

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.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 22, 2014  

Mortgage-backed securities held outright (1)                                                                             1,715,445  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           53,452  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   18  



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
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 22, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,671  
                                                                                                                                    
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 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.

                                                                          







5. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 22, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          24  
Net portfolio holdings of TALF LLC                                                                                              24  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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 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.                                                          




6. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 22, 2014   Wednesday    Wednesday  
                                                        consolidation                Oct 15, 2014 Oct 23, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,891   -        8   -       83  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,405,027   +    5,610   +  641,224  
    Securities held outright (1)                                          4,214,342   +    5,819   +  648,116  
      U.S. Treasury securities                                            2,459,197   +    3,852   +  352,722  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,344,287   +    3,895   +  339,951  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    9,880  
        Inflation compensation (3)                                           16,441   -       43   +    2,892  
      Federal agency debt securities (2)                                     39,700            0   -   19,380  
      Mortgage-backed securities (4)                                      1,715,445   +    1,967   +  314,774  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,172   -      207   +    3,566  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,726   -        7   -   10,458  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       240   +        6   +        1  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,671   -        3   +      176  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0            0   -       64  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0            0   -       22  
  Net portfolio holdings of TALF LLC (9)                                         24            0   -       87  
  Items in process of collection                                   (0)           71   -       31   -       22  
  Bank premises                                                               2,263   +        4   -       25  
  Central bank liquidity swaps (10)                                               0            0   -      272  
  Foreign currency denominated assets (11)                                   22,490   -      234   -    2,041  
  Other assets (12)                                                          31,942   +    1,918   +    3,796  
                                                                                                               
Total assets                                                       (0)    4,481,616   +    7,256   +  642,583  

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





6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 22, 2014   Wednesday    Wednesday  
                                                        consolidation                Oct 15, 2014 Oct 23, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,252,921   +      705   +   78,950 
  Reverse repurchase agreements (13)                                         235,916   +   14,767   +  114,681 
  Deposits                                                          (0)    2,928,938   -    6,610   +  450,300 
    Term deposits held by depository institutions                            110,029   +  110,029   +  110,029 
    Other deposits held by depository institutions                         2,679,606   -  141,130   +  297,013 
    U.S. Treasury, General Account                                           124,596   +   23,183   +   88,905 
    Foreign official                                                           5,248   +        6   -    3,404 
    Other (14)                                                      (0)        9,458   +    1,302   -   42,244 
  Deferred availability cash items                                  (0)          619   -      438   -       42 
  Other liabilities and accrued dividends (15)                                 6,766   -    1,199   -    2,868 
                                                                                                               
Total liabilities                                                   (0)    4,425,159   +    7,225   +  641,020 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,228   +       15   +      781 
  Surplus                                                                     28,228   +       15   +      781 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,457   +       32   +    1,563 

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.                                                         

 



7. Statement of Condition of Each Federal Reserve Bank, October 22, 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                                             1,891          32          93          122         119         312         217         273          18          46         150         177         331
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,405,027      89,101   2,703,512      105,525      96,173     246,187     243,525     180,062      54,351      27,102      58,043     134,225     467,221
    Securities held outright (1)               4,214,342      85,249   2,586,609      100,963      92,014     235,542     232,966     172,246      51,981      25,827      55,513     128,412     447,020
      U.S. Treasury securities                 2,459,197      49,745   1,509,365       58,915      53,693     137,446     135,943     100,511      30,332      15,071      32,393      74,932     260,850
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,459,197      49,745   1,509,365       58,915      53,693     137,446     135,943     100,511      30,332      15,071      32,393      74,932     260,850
      Federal agency debt securities (2)          39,700         803      24,366          951         867       2,219       2,195       1,623         490         243         523       1,210       4,211
      Mortgage-backed securities (4)           1,715,445      34,700   1,052,878       41,097      37,454      95,877      94,829      70,113      21,159      10,513      22,596      52,270     181,959
    Unamortized premiums on securities held 
      outright (5)                               209,172       4,231     128,382        5,011       4,567      11,691      11,563       8,549       2,580       1,282       2,755       6,374      22,187
    Unamortized discounts on securities     
      held outright (5)                          -18,726        -379     -11,494         -449        -409      -1,047      -1,035        -765        -231        -115        -247        -571      -1,986
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            240           0          14            0           1           0          31          33          21         108          21          10           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,671           0       1,671            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                   0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                  0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)              24           0          24            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      71           0           0            0           0           0          70           0           0           0           0           0           0
  Bank premises                                    2,263         122         438           74         110         222         211         199         123          97         243         224         200
  Central bank liquidity swaps (10)                    0           0           0            0           0           0           0           0           0           0           0           0           0
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  22,490       1,023       7,235        1,691       1,788       4,689       1,293         621         189          95         237         376       3,254
  Other assets (12)                               31,942         683      19,305          766         699       1,935       1,759       1,290         455         227         444       1,064       3,317
  Interdistrict settlement account                     0  +   18,347  -    8,950   -      826  +    4,313  -   14,418  +      496  -   17,249  -    9,620  -    1,672  -    3,087  +    2,827  +   29,840
                                                                                                                                                                                                         
Total assets                                   4,481,616     109,855   2,729,270      107,900     103,904     240,162     249,573     166,327      45,944      26,158      56,472     140,055     505,996

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





7. Statement of Condition of Each Federal Reserve Bank, October 22, 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            1,449,536      44,461     482,313      44,473      66,760     102,789     214,315      97,201      39,264      21,040      36,691     117,280     182,948
    Less: Notes held by F.R. Banks               196,614       5,290      67,414       5,958       8,796      11,630      22,378      10,924       4,741       3,874       5,285      21,302      29,022
      Federal Reserve notes, net               1,252,921      39,170     414,899      38,516      57,964      91,160     191,936      86,277      34,523      17,166      31,406      95,978     153,926
  Reverse repurchase agreements (13)             235,916       4,772     144,796       5,652       5,151      13,185      13,041       9,642       2,910       1,446       3,108       7,188      25,024
  Deposits                                     2,928,938      63,140   2,147,653      60,358      36,106     122,831      40,343      68,526       7,840       7,075      21,213      35,658     318,196
    Term deposits held by depository        
        institutions                             110,029          40      76,805      12,310       2,215          23         556       7,190          15          92       3,803         105       6,875
    Other deposits held by depository       
        institutions                           2,679,606      63,093   1,931,847      48,016      33,888     122,577      39,778      61,329       7,824       6,983      17,408      35,552     311,312
    U.S. Treasury, General Account               124,596           0     124,596           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,248           2       5,221           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     9,458           5       9,184          28           0         223           7           6           0           0           1           1           3
  Deferred availability cash items                   619           0           0           0           0           0         515           0           0         104           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,539          31       1,176          32          23        -199         107          79          25           8          27          62         169
  Other liabilities and accrued             
     dividends (16)                                5,227         179       2,359         210         218         581         377         274         140         119         121         201         449
                                                                                                                                                                                                        
Total liabilities                              4,425,159     107,292   2,710,884     104,767      99,461     227,558     246,319     164,797      45,438      25,917      55,874     139,087     497,764
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,228       1,282       9,193       1,567       2,221       6,302       1,627         765         253         120         299         484       4,116
  Surplus                                         28,228       1,282       9,193       1,567       2,221       6,302       1,627         765         253         120         299         484       4,116
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,481,616     109,855   2,729,270     107,900     103,904     240,162     249,573     166,327      45,944      26,158      56,472     140,055     505,996

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





7. Statement of Condition of Each Federal Reserve Bank, October 22, 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).

                                                                            



8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 22, 2014  

Federal Reserve notes outstanding                                                            1,449,536  
  Less: Notes held by F.R. Banks not subject to collateralization                              196,614  
    Federal Reserve notes to be collateralized                                               1,252,921  
Collateral held against Federal Reserve notes                                                1,252,921  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,236,684  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,214,342  
  Less: Face value of securities under reverse repurchase agreements                           227,482  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,986,859  

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: October 23, 2014