---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EST
September 18, 2014

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect the removal of table 5 "Information
on Principal Accounts of Maiden Lane II LLC" and table 6 "Information on Principal Accounts of Maiden Lane III
LLC." The tables have been removed because the portfolio holdings have been reduced to de minimis balances. 

Amounts for "Net portfolio holdings of Maiden Lane II LLC," and "Net portfolio holdings of Maiden Lane III
LLC" continue to be shown on table 1 "Factors Affecting Reserve Balances of Depository Institutions," and on
the renumbered table 6 "Consolidated Statement of Condition of All Federal Reserve Banks" in order to provide
information on figures from the previous year.                                                              

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                               September 18, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 17, 2014 
Federal Reserve Banks                                     Sep 17, 2014 Sep 10, 2014 Sep 18, 2013              

Reserve Bank credit                                         4,407,615   +   29,925   +  735,189    4,407,975  
  Securities held outright (1)                              4,186,546   +   27,009   +  737,788    4,187,075  
    U.S. Treasury securities                                2,443,698   +    4,041   +  396,164    2,446,572  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,328,925   +    3,557   +  381,918    2,331,803  
      Notes and bonds, inflation-indexed (2)                   98,188   +      433   +   10,979       98,188  
      Inflation compensation (3)                               16,584   +       50   +    3,267       16,581  
    Federal agency debt securities (2)                         41,117   -      445   -   22,857       40,006  
    Mortgage-backed securities (4)                          1,701,731   +   23,414   +  364,481    1,700,497  
  Unamortized premiums on securities held outright (5)        209,743   +      780   +    5,909      209,694  
  Unamortized discounts on securities held outright (5)       -18,643   +       21   -   12,347      -18,700  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           302   +       11   +       16          317  
    Primary credit                                                  3   -        7   -       27           18  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               265   +       18   +      111          266  
    Term Asset-Backed Securities Loan Facility (7)                 34            0   -       68           34  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,664            0   +      166        1,664  
  Net portfolio holdings of Maiden Lane II LLC (9)                 36   -       27   -       28            0  
  Net portfolio holdings of Maiden Lane III LLC (9)                12   -       10   -       10            0  
  Net portfolio holdings of TALF LLC (10)                          44            0   -       68           44  
  Float                                                          -616   +       59   +       52         -568  
  Central bank liquidity swaps (11)                                75   -        2   -      187           75  
  Other Federal Reserve assets (12)                            28,451   +    2,082   +    3,896       28,373  
Foreign currency denominated assets (13)                       22,819   -      114   -    1,003       22,790  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,117   +       14   +      817       46,117  
                                                                                                              
Total factors supplying reserve funds                       4,492,792   +   29,825   +  735,002    4,493,123  

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





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Sep 17, 2014 
Federal Reserve Banks                                     Sep 17, 2014 Sep 10, 2014 Sep 18, 2013              

Currency in circulation (14)                                 1,289,344   -    3,123   +   84,271    1,288,982 
Reverse repurchase agreements (15)                             250,811   -   15,773   +  157,983      252,224 
  Foreign official and international accounts                  100,379   -    1,849   +    7,551       95,288 
  Others                                                       150,431   -   13,925   +  150,431      156,936 
Treasury cash holdings                                             164   -        1   +       20          165 
Deposits with F.R. Banks, other than reserve balances           89,589   +   36,874   -   10,803      136,891 
  Term deposits held by depository institutions                      0            0   -   11,662            0 
  U.S. Treasury, General Account                                66,417   +   27,336   +   18,318      123,965 
  Foreign official                                               5,246   -      186   -    3,494        5,244 
  Other (16)                                                    17,926   +    9,724   -   13,966        7,682 
Other liabilities and capital (17)                              64,888   +      897   -    1,083       62,953 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,694,796   +   18,874   +  230,389    1,741,215 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,797,996   +   10,951   +  504,613    2,751,908 

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


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 7.                                    
9.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 7.                                                         
10. Refer to table 5 and the note on consolidation accompanying table 7.                                    
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
13. Revalued daily at current foreign currency exchange rates.                                              
14. Estimated.                                                                                              
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
17. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York,       
    including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5
    and the note on consolidation accompanying table 7. Also includes the liability for interest on     
    Federal Reserve notes due to U.S. Treasury. Refer to table 6 and table 7.                           


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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Sep 17, 2014 
                                                          Sep 17, 2014 Sep 10, 2014 Sep 18, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,347,141   +    8,832   +   68,065    3,355,523 
  Marketable U.S. Treasury securities (1)                    3,021,888   +   11,325   +   95,796    3,029,889 
  Federal agency debt and mortgage-backed securities (2)       282,693   -    3,112   -   32,259      282,806 
  Other securities (3)                                          42,559   +      617   +    4,527       42,827 
Securities lent to dealers                                      10,245   -      424   -    7,414       11,799 
  Overnight facility (4)                                        10,245   -      424   -    7,414       11,799 
    U.S. Treasury securities                                     9,518   -      342   -    7,171       11,091 
    Federal agency debt securities                                 728   -       82   -      242          708 

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


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






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 17, 2014  

Millions of dollars
Remaining Maturity                     Within 15     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                                          287            30             0             0             0           ...           317 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                       1            89         3,194     1,037,160       746,714       659,414     2,446,572 
  Weekly changes                        +        1    -        1             0    -        2    +    4,453    +    1,484    +    5,935 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0         1,329         3,584        32,746             0         2,347        40,006 
  Weekly changes                        -    1,556             0             0             0             0             0    -    1,556 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            10         4,773     1,695,714     1,700,497 
  Weekly changes                                 0             0             0             0    +       75    +   22,100    +   22,175 
Asset-backed securities held by      
  TALF LLC (4)                                   0             0             0             0             0             0             0 
Repurchase agreements (5)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (6)                75             0             0             0             0             0            75 
                                                                                                                                       
Reverse repurchase agreements (5)          252,224             0           ...           ...           ...           ...       252,224 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


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






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 17, 2014  

Mortgage-backed securities held outright (1)                                                                             1,700,497  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           58,563  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  138  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 6       
    and table 7.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Sep 17, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,664  
                                                                                                                                    
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   
                                                                                                                      Sep 17, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          44  
Net portfolio holdings of TALF LLC                                                                                              44  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                            0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 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       Sep 17, 2014   Wednesday    Wednesday  
                                                        consolidation                Sep 10, 2014 Sep 18, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,933   +        3   -       68  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,378,387   +   27,261   +  724,969  
    Securities held outright (1)                                          4,187,075   +   26,554   +  731,597  
      U.S. Treasury securities                                            2,446,572   +    5,935   +  394,517  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,331,803   +    5,452   +  380,278  
        Notes and bonds, inflation-indexed (2)                               98,188   +      433   +   10,979  
        Inflation compensation (3)                                           16,581   +       50   +    3,260  
      Federal agency debt securities (2)                                     40,006   -    1,556   -   23,646  
      Mortgage-backed securities (4)                                      1,700,497   +   22,175   +  360,726  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,694   +      787   +    5,617  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,700   -       46   -   12,261  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       317   -       35   +       15  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,664   -        1   +      168  
  Net portfolio holdings of Maiden Lane II LLC (8)                                0   -       63   -       64  
  Net portfolio holdings of Maiden Lane III LLC (8)                               0   -       22   -       22  
  Net portfolio holdings of TALF LLC (9)                                         44            0   -       68  
  Items in process of collection                                   (0)           84   -       10   -       40  
  Bank premises                                                               2,259   +        4   -       27  
  Central bank liquidity swaps (10)                                              75   -        2   -      187  
  Foreign currency denominated assets (11)                                   22,790   -       11   -    1,090  
  Other assets (12)                                                          26,115   +    1,020   +    3,827  
                                                                                                               
Total assets                                                       (0)    4,449,588   +   28,180   +  727,396  

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





6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Sep 17, 2014   Wednesday    Wednesday  
                                                        consolidation                Sep 10, 2014 Sep 18, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,244,959   -    3,021   +   83,114 
  Reverse repurchase agreements (13)                                         252,224   -   15,378   +  159,204 
  Deposits                                                          (0)    2,888,799   +   46,727   +  486,106 
    Term deposits held by depository institutions                                  0            0   -   11,662 
    Other deposits held by depository institutions                         2,751,908   -   37,046   +  497,876 
    U.S. Treasury, General Account                                           123,965   +   92,093   +   63,051 
    Foreign official                                                           5,244   +        3   -    3,630 
    Other (14)                                                      (0)        7,682   -    8,322   -   59,529 
  Deferred availability cash items                                  (0)          652   -       69   -      124 
  Other liabilities and accrued dividends (15)                                 6,607   -       86   -    2,375 
                                                                                                               
Total liabilities                                                   (0)    4,393,241   +   28,174   +  725,926 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,173   +        3   +      735 
  Surplus                                                                     28,173   +        3   +      735 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,347   +        6   +    1,471 

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


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 7.                                    
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
    note on consolidation accompanying table 7.                                                         
9.  Refer to table 5 and the note on consolidation accompanying table 7.                                    
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
11. Revalued daily at current foreign currency exchange rates.                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
15. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York,       
    including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5
    and the note on consolidation accompanying table 7. Also includes the liability for interest on     
    Federal Reserve notes due to U.S. Treasury.                                                         

 



7. Statement of Condition of Each Federal Reserve Bank, September 17, 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                                             1,933          36          93          123         121         322         224         276          24          47         152         182         333
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,378,387      88,561   2,687,133      104,885      95,588     244,693     242,058     178,957      54,059      26,967      57,690     133,409     464,386
    Securities held outright (1)               4,187,075      84,697   2,569,874      100,310      91,418     234,018     231,459     171,132      51,645      25,660      55,154     127,581     444,127
      U.S. Treasury securities                 2,446,572      49,490   1,501,616       58,612      53,417     136,741     135,245      99,995      30,177      14,993      32,227      74,548     259,510
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,446,572      49,490   1,501,616       58,612      53,417     136,741     135,245      99,995      30,177      14,993      32,227      74,548     259,510
      Federal agency debt securities (2)          40,006         809      24,554          958         873       2,236       2,212       1,635         493         245         527       1,219       4,243
      Mortgage-backed securities (4)           1,700,497      34,398   1,043,703       40,739      37,128      95,042      94,003      69,502      20,974      10,421      22,400      51,815     180,373
    Unamortized premiums on securities held 
      outright (5)                               209,694       4,242     128,703        5,024       4,578      11,720      11,592       8,571       2,586       1,285       2,762       6,389      22,243
    Unamortized discounts on securities     
      held outright (5)                          -18,700        -378     -11,477         -448        -408      -1,045      -1,034        -764        -231        -115        -246        -570      -1,983
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            317           0          34            0           0           0          41          19          59         137          20           8           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,664           0       1,664            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)              44           0          44            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      84           0           0            0           0           0          84           0           0           0           0           0           0
  Bank premises                                    2,259         121         436           74         110         222         209         198         124          97         243         224         200
  Central bank liquidity swaps (10)                   75           3          24            6           6          16           4           2           1           0           1           1          11
  Foreign currency denominated                                                                                                                                                                           
     assets (11)                                  22,790       1,036       7,331        1,713       1,812       4,752       1,310         629         192          96         240         381       3,297
  Other assets (12)                               26,115         563      15,726          627         571       1,622       1,422       1,056         370         227         365         864       2,701
  Interdistrict settlement account                     0  +   16,043  -    9,695   +    2,898  +    2,457  -   21,181  +    5,302  -   15,625  -   11,456  -    3,187  -    2,845  +    1,237  +   36,050
                                                                                                                                                                                                         
Total assets                                   4,449,588     106,911   2,708,700      110,874     101,366     231,682     252,616     166,624      43,741      24,511      56,290     137,459     508,810

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





7. Statement of Condition of Each Federal Reserve Bank, September 17, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,443,719      44,582     488,162      42,879      65,371     103,395     213,114      94,509      37,695      21,116      36,702     116,020     180,173
    Less: Notes held by F.R. Banks               198,759       5,437      64,233       6,326       9,148      11,498      21,568      11,527       4,969       4,201       5,408      25,355      29,090
      Federal Reserve notes, net               1,244,959      39,145     423,929      36,552      56,223      91,898     191,547      82,982      32,727      16,915      31,294      90,665     151,084
  Reverse repurchase agreements (13)             252,224       5,102     154,806       6,043       5,507      14,097      13,943      10,309       3,111       1,546       3,322       7,685      26,754
  Deposits                                     2,888,799      59,886   2,108,673      63,828      34,939     113,467      42,852      71,433       7,235       5,602      20,932      37,883     322,069
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,751,908      59,877   1,972,008      63,789      34,935     113,323      42,843      71,424       7,234       5,602      20,930      37,881     322,060
    U.S. Treasury, General Account               123,965           0     123,965           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,244           2       5,217           3           3           8           2           1           0           0           0           1           6
    Other (14)                                     7,682           7       7,483          36           0         136           7           7           0           0           1           2           3
  Deferred availability cash items                   652           0           0           0           0           0         566           0           0          86           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,932          36       1,201          40          41         102         111          81          23           8          25          62         202
  Other liabilities and accrued             
     dividends (16)                                4,674         179       1,706         225         216         571         381         294         141         121         128         215         496
                                                                                                                                                                                                        
Total liabilities                              4,393,241     104,348   2,690,315     106,688      96,926     220,135     249,400     165,098      43,237      24,277      55,702     136,511     500,605
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,173       1,282       9,193       2,093       2,220       5,774       1,608         763         252         117         294         474       4,103
  Surplus                                         28,173       1,282       9,193       2,093       2,220       5,774       1,608         763         252         117         294         474       4,103
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,449,588     106,911   2,708,700     110,874     101,366     231,682     252,616     166,624      43,741      24,511      56,290     137,459     508,810

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





7. Statement of Condition of Each Federal Reserve Bank, September 17, 2014 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer       
    to the note on consolidation below.                                                                                                                                                                 
9.  Refer to table 5 and the note on consolidation below.                                                                                                                                                   
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
11. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
16. Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to         
    table 5 and the note on consolidation below.                                                                                                                                                        


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.                                                 

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 6), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 6).

                                                                            



8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Sep 17, 2014  

Federal Reserve notes outstanding                                                            1,443,719  
  Less: Notes held by F.R. Banks not subject to collateralization                              198,759  
    Federal Reserve notes to be collateralized                                               1,244,959  
Collateral held against Federal Reserve notes                                                1,244,959  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,228,722  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,187,075  
  Less: Face value of securities under reverse repurchase agreements                           245,957  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,941,118  

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


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.`

Statistical releases

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