---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 16, 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 15, 2014 
Federal Reserve Banks                                     Oct 15, 2014  Oct 8, 2014 Oct 16, 2013              

Reserve Bank credit                                         4,421,473   +    9,761   +  659,430    4,432,443  
  Securities held outright (1)                              4,196,676   +    7,256   +  662,371    4,208,523  
    U.S. Treasury securities                                2,454,560   +    1,572   +  365,324    2,455,345  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,339,594   +    1,364   +  352,245    2,340,392  
      Notes and bonds, inflation-indexed (2)                   98,469   +      241   +   10,077       98,469  
      Inflation compensation (3)                               16,498   -       32   +    3,002       16,484  
    Federal agency debt securities (2)                         39,962   -       44   -   20,551       39,700  
    Mortgage-backed securities (4)                          1,702,153   +    5,728   +  317,597    1,713,478  
  Unamortized premiums on securities held outright (5)        208,968   -       94   +    3,973      209,379  
  Unamortized discounts on securities held outright (5)       -18,735   +       16   -   10,928      -18,719  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           226   -        3   -       11          234  
    Primary credit                                                  4   -        2   -        6            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               208   -        1   +       81          217  
    Term Asset-Backed Securities Loan Facility (7)                 14            0   -       87           14  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,671   +        6   +      178        1,674  
  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   -       11   -       87           24  
  Float                                                          -640   +        1   +      157         -955  
  Central bank liquidity swaps (11)                                 0            0   -      272            0  
  Other Federal Reserve assets (12)                            33,283   +    2,590   +    4,135       32,283  
Foreign currency denominated assets (13)                       22,483   +      193   -    1,661       22,724  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,189   +       14   +      821       46,189  
                                                                                                              
Total factors supplying reserve funds                       4,506,386   +    9,968   +  658,590    4,517,596  

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 15, 2014 
Federal Reserve Banks                                     Oct 15, 2014  Oct 8, 2014 Oct 16, 2013              

Currency in circulation (14)                                 1,295,817   +    4,196   +   79,633    1,296,315 
Reverse repurchase agreements (15)                             254,443   -   26,290   +  151,925      221,149 
  Foreign official and international accounts                   99,102   +    2,032   -    1,595       99,234 
  Others                                                       155,341   -   28,322   +  153,520      121,915 
Treasury cash holdings                                             194   +        8   +       15          195 
Deposits with F.R. Banks, other than reserve balances           97,496   -   13,147   +    6,143      114,812 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                79,790   -   16,671   +   44,489      101,413 
  Foreign official                                               5,243   -        5   -    3,560        5,242 
  Other (16)                                                    12,463   +    3,529   -   34,786        8,156 
Other liabilities and capital (17)                              65,147   +    1,260   -    1,471       64,390 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,713,096   -   33,974   +  236,244    1,696,860 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,793,290   +   43,943   +  422,346    2,820,736 

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 15, 2014 
                                                          Oct 15, 2014  Oct 8, 2014 Oct 16, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,318,024   -   18,601   +    9,817    3,312,835 
  Marketable U.S. Treasury securities (1)                    2,982,917   -   18,604   +   30,860    2,981,428 
  Federal agency debt and mortgage-backed securities (2)       291,155   -      483   -   25,252      289,523 
  Other securities (3)                                          43,953   +      487   +    4,210       41,884 
Securities lent to dealers                                      12,596   +      837   -    2,775       12,540 
  Overnight facility (4)                                        12,596   +      837   -    2,775       12,540 
    U.S. Treasury securities                                    11,803   +      801   -    2,402       11,800 
    Federal agency debt securities                                 793   +       36   -      373          740 

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 15, 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                                           73           161             0             0             0           ...           234 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       0            90         3,194     1,047,856       741,433       662,772     2,455,345 
  Weekly changes                                 0             0             0    -        6    -        6    +      899    +      888 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,023         4,531        31,799             0         2,347        39,700 
  Weekly changes                        -      306             0    +      947    -      947             0             0    -      306 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            10         5,023     1,708,445     1,713,478 
  Weekly changes                                 0             0             0             0    -       31    +   17,083    +   17,052 
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)          221,149             0           ...           ...           ...           ...       221,149 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


1.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
5.  Cash value of agreements.                                                                               
6.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 15, 2014  

Mortgage-backed securities held outright (1)                                                                             1,713,478  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           53,279  
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 6       
    and table 7.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 15, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,674  
                                                                                                                                    
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 15, 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 15, 2014   Wednesday    Wednesday  
                                                        consolidation                 Oct 8, 2014 Oct 16, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,899   -       18   -       86  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,399,417   +   18,065   +  658,882  
    Securities held outright (1)                                          4,208,523   +   17,634   +  665,576  
      U.S. Treasury securities                                            2,455,345   +      888   +  360,311  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,340,392   +      931   +  347,469  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    9,880  
        Inflation compensation (3)                                           16,484   -       44   +    2,962  
      Federal agency debt securities (2)                                     39,700   -      306   -   20,465  
      Mortgage-backed securities (4)                                      1,713,478   +   17,052   +  325,730  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,379   +      380   +    4,156  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,719   +       38   -   10,831  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       234   +       13   -       18  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,674   +        3   +      181  
  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)          102   +       24   +        1  
  Bank premises                                                               2,259   +        1   -       26  
  Central bank liquidity swaps (10)                                               0            0   -      272  
  Foreign currency denominated assets (11)                                   22,724   +      296   -    1,327  
  Other assets (12)                                                          30,024   +      584   +    3,581  
                                                                                                               
Total assets                                                       (0)    4,474,360   +   18,957   +  660,761  

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 15, 2014   Wednesday    Wednesday  
                                                        consolidation                 Oct 8, 2014 Oct 16, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,252,216   +    2,571   +   79,089 
  Reverse repurchase agreements (13)                                         221,149   -   56,717   +  115,494 
  Deposits                                                          (0)    2,935,548   +   71,683   +  466,352 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,820,736   +   55,120   +  437,305 
    U.S. Treasury, General Account                                           101,413   +   16,104   +   69,547 
    Foreign official                                                           5,242   -        1   -    3,560 
    Other (14)                                                      (0)        8,156   +      459   -   36,940 
  Deferred availability cash items                                  (0)        1,057   +      365   -      323 
  Other liabilities and accrued dividends (15)                                 7,965   +    1,027   -    1,382 
                                                                                                               
Total liabilities                                                   (0)    4,417,934   +   18,929   +  659,229 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,213   +       14   +      766 
  Surplus                                                                     28,213   +       14   +      766 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,425   +       27   +    1,532 

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 15, 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                                             1,899          31          93          122         120         314         220         275          17          46         151         179         331
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,399,417      88,988   2,700,073      105,391      96,049     245,873     243,217     179,820      54,289      27,070      57,970     134,051     466,626
    Securities held outright (1)               4,208,523      85,131   2,583,038      100,823      91,887     235,217     232,645     172,008      51,909      25,791      55,436     128,235     446,402
      U.S. Treasury securities                 2,455,345      49,667   1,507,001       58,823      53,609     137,231     135,730     100,353      30,285      15,047      32,343      74,815     260,441
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,455,345      49,667   1,507,001       58,823      53,609     137,231     135,730     100,353      30,285      15,047      32,343      74,815     260,441
      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)           1,713,478      34,661   1,051,671       41,050      37,411      95,767      94,720      70,032      21,135      10,501      22,571      52,210     181,750
    Unamortized premiums on securities held 
      outright (5)                               209,379       4,235     128,509        5,016       4,571      11,702      11,574       8,558       2,583       1,283       2,758       6,380      22,209
    Unamortized discounts on securities     
      held outright (5)                          -18,719        -379     -11,489         -448        -409      -1,046      -1,035        -765        -231        -115        -247        -570      -1,986
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            234           0          14            0           0           0          33          20          28         110          22           7           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,674           0       1,674            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                     102           0           0            0           0           0         101           0           0           1           0           0           0
  Bank premises                                    2,259         122         435           74         110         222         210         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)                                  22,724       1,033       7,310        1,708       1,807       4,738       1,306         627         191          96         239         380       3,288
  Other assets (12)                               30,024         644      18,167          722         659       1,826       1,641       1,214         429         215         419         968       3,121
  Interdistrict settlement account                     0  +   23,733  -   61,186   -    3,317  +    7,564  +    4,878  +    4,348  -   14,853  -    9,858  -    2,262  -    2,283  +    6,158  +   47,078
                                                                                                                                                                                                         
Total assets                                   4,474,360     115,099   2,672,533      105,249     107,010     259,087     253,046     168,413      45,619      25,525      57,182     143,123     522,474

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 15, 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            1,448,055      44,383     483,656      43,968      66,182     102,941     214,245      96,970      38,939      21,078      36,450     116,689     182,555
    Less: Notes held by F.R. Banks               195,839       5,206      68,046       5,916       8,649      11,284      21,945      10,943       4,724       3,871       5,141      21,885      28,230
      Federal Reserve notes, net               1,252,216      39,177     415,611      38,053      57,532      91,657     192,300      86,027      34,214      17,207      31,309      94,805     154,325
  Reverse repurchase agreements (13)             221,149       4,473     135,733       5,298       4,828      12,360      12,225       9,039       2,728       1,355       2,913       6,738      23,457
  Deposits                                     2,935,548      68,664   2,098,192      58,496      39,938     142,139      43,828      71,449       8,008       6,499      22,207      40,344     335,785
    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                           2,820,736      68,660   1,983,702      58,462      39,935     141,887      43,818      71,442       8,008       6,499      22,205      40,342     335,776
    U.S. Treasury, General Account               101,413           0     101,413           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,242           2       5,215           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     8,156           2       7,862          31           0         244           7           6           0           0           1           1           3
  Deferred availability cash items                 1,057           0           0           0           0           0         960           0           0          97           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,578          34       1,210          48          48        -254          97          80          19          11          24          55         206
  Other liabilities and accrued             
     dividends (16)                                6,387         187       3,402         221         222         579         383         289         146         120         131         212         495
                                                                                                                                                                                                        
Total liabilities                              4,417,934     112,536   2,654,147     102,115     102,568     246,482     249,792     166,883      45,116      25,289      56,584     142,154     514,268
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,213       1,282       9,193       1,567       2,221       6,303       1,627         765         252         118         299         484       4,103
  Surplus                                         28,213       1,282       9,193       1,567       2,221       6,303       1,627         765         252         118         299         484       4,103
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,474,360     115,099   2,672,533     105,249     107,010     259,087     253,046     168,413      45,619      25,525      57,182     143,123     522,474

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 15, 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 15, 2014  

Federal Reserve notes outstanding                                                            1,448,055  
  Less: Notes held by F.R. Banks not subject to collateralization                              195,839  
    Federal Reserve notes to be collateralized                                               1,252,216  
Collateral held against Federal Reserve notes                                                1,252,216  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,235,979  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,208,523  
  Less: Face value of securities under reverse repurchase agreements                           207,566  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,000,958  

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 16, 2014