---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EST
November 13, 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 TALF LLC" and the line "Asset-backed securities held by TALF LLC" from table 2
"Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities." Both have been removed
because the final Term Asset-Backed Securities Loan Facility loan was repaid on October 29, 2014, and the net
portfolio holdings of TALF LLC were reduced to zero on November 6, 2014.                                    

In order to provide information on amounts from the previous year, amounts for the "Term Asset-Backed
Securities Loan Facility" and the "Net portfolio holdings of TALF LLC" continue to be shown on table 1 "Factors
Affecting Reserve Balances of Depository Institutions," and amounts for the net portfolio holdings of TALF LLC
also continue to be shown on the renumbered table 5 "Consolidated Statement of Condition of All Federal Reserve
Banks."                                                                                                     


FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 13, 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  Nov 12, 2014 
Federal Reserve Banks                                     Nov 12, 2014  Nov 5, 2014 Nov 13, 2013              

Reserve Bank credit                                         4,447,564   +    2,448   +  625,434    4,447,931  
  Securities held outright (1)                              4,219,190   +       22   +  628,850    4,219,197  
    U.S. Treasury securities                                2,461,595   +       22   +  329,866    2,461,602  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,346,713            0   +  317,198    2,346,713  
      Notes and bonds, inflation-indexed (2)                   98,469            0   +    9,880       98,469  
      Inflation compensation (3)                               16,413   +       22   +    2,789       16,420  
    Federal agency debt securities (2)                         39,700            0   -   19,380       39,700  
    Mortgage-backed securities (4)                          1,717,896   +        2   +  318,365    1,717,896  
  Unamortized premiums on securities held outright (5)        208,545   -      407   +    2,754      208,425  
  Unamortized discounts on securities held outright (5)       -18,643   +       35   -    9,724      -18,632  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           134   -       24   -       58          131  
    Primary credit                                                 17   +        9   +        3           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               118   -       32   +       40          116  
    Term Asset-Backed Securities Loan Facility (7)                  0            0   -      100            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,679            0   +      163        1,679  
  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)                           0   -       24   -      110            0  
  Float                                                          -625   -       26   +       16       -1,058  
  Central bank liquidity swaps (11)                                 0   -        1   -      272            0  
  Other Federal Reserve assets (12)                            37,283   +    2,872   +    3,900       38,189  
Foreign currency denominated assets (13)                       21,671   -      328   -    2,256       21,664  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (14)                             46,244   +       14   +      810       46,244  
                                                                                                              
Total factors supplying reserve funds                       4,531,720   +    2,133   +  623,988    4,532,080  

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  Nov 12, 2014 
Federal Reserve Banks                                     Nov 12, 2014  Nov 5, 2014 Nov 13, 2013              

Currency in circulation (14)                                 1,310,871   +    8,667   +   88,783    1,313,116 
Reverse repurchase agreements (15)                             206,374   -   53,065   +  102,898      211,570 
  Foreign official and international accounts                  100,448   -    5,923   -      833       99,889 
  Others                                                       105,926   -   47,142   +  103,731      111,681 
Treasury cash holdings                                             197   -        5   -       12          194 
Deposits with F.R. Banks, other than reserve balances          382,526   +   38,748   +  314,663      373,151 
  Term deposits held by depository institutions                262,102   +   42,958   +  262,102      262,102 
  U.S. Treasury, General Account                               107,205   -    4,177   +   61,566       95,008 
  Foreign official                                               5,249   -        4   -    3,412        5,249 
  Other (16)                                                     7,971   -       28   -    5,592       10,792 
Other liabilities and capital (17)                              63,654   +      752   -    1,328       63,353 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,963,622   -    4,903   +  505,004    1,961,384 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,568,099   +    7,037   +  118,985    2,570,696 

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 6.                                    
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 6.                                                         
10. Refer to the note on consolidation accompanying table 6.                                                
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 liability for interest on Federal Reserve notes due to U.S. Treasury.                      
                                                                                                            


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  Nov 12, 2014 
                                                          Nov 12, 2014  Nov 5, 2014 Nov 13, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,309,527   +    6,670   -   14,770    3,304,418 
  Marketable U.S. Treasury securities (1)                    2,983,035   +    6,834   +   20,752    2,978,332 
  Federal agency debt and mortgage-backed securities (2)       284,804   -       88   -   34,879      284,360 
  Other securities (3)                                          41,689   -       76   -      642       41,726 
Securities lent to dealers                                       9,125   -      428   -      965        8,814 
  Overnight facility (4)                                         9,125   -      428   -      965        8,814 
    U.S. Treasury securities                                     8,475   -      388   -      532        8,103 
    Federal agency debt securities                                 650   -       40   -      433          711 

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, 5, and 6.     
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, November 12, 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                                           36            95             0             0             0           ...           131 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                      88             2         3,193     1,064,665       729,810       663,844     2,461,602 
  Weekly changes                                 0             0             0    +        3    +        3    +       15    +       21 
Federal agency debt securities (2)                                                                                                     
  Holdings                                   1,023         1,800         2,731        31,799             0         2,347        39,700 
  Weekly changes                                 0    +      711    -      711             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             0            10         5,321     1,712,564     1,717,896 
  Weekly changes                                 0             0             0             0             0             0             0 
Repurchase agreements (4)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (5)                 0             0             0             0             0             0             0 
                                                                                                                                       
Reverse repurchase agreements (4)          211,570             0           ...           ...           ...           ...       211,570 
Term deposits                              262,102             0             0           ...           ...           ...       262,102 

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.  Cash value of agreements.                                                                               
5.  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   
                                                                                                                      Nov 12, 2014  

Mortgage-backed securities held outright (1)                                                                             1,717,896  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           55,115  
Commitments to sell mortgage-backed securities (2)                                                                             125  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



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 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Nov 12, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,679  
                                                                                                                                    
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 September 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 6.                                                  
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 5 and table 6.                      


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. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 12, 2014   Wednesday    Wednesday  
                                                        consolidation                 Nov 5, 2014 Nov 13, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,883            0   -       84  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,409,121   -      309   +  580,159  
    Securities held outright (1)                                          4,219,197   +       20   +  588,527  
      U.S. Treasury securities                                            2,461,602   +       21   +  324,565  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,346,713            0   +  311,898  
        Notes and bonds, inflation-indexed (2)                               98,469            0   +    9,880  
        Inflation compensation (3)                                           16,420   +       20   +    2,787  
      Federal agency debt securities (2)                                     39,700            0   -   19,380  
      Mortgage-backed securities (4)                                      1,717,896            0   +  283,343  
    Unamortized premiums on securities held outright  
    (5)                                                                     208,425   -      345   +    1,276  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,632   +       30   -    9,598  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       131   -       14   -       46  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,679            0   +      162  
  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)                                          0   -       24   -      110  
  Items in process of collection                                   (0)          123   +       48   -        2  
  Bank premises                                                               2,261   +        1   -       25  
  Central bank liquidity swaps (10)                                               0   -        1   -      272  
  Foreign currency denominated assets (11)                                   21,664   -       91   -    2,319  
  Other assets (12)                                                          35,928   +    2,686   +    4,047  
                                                                                                               
Total assets                                                       (0)    4,488,895   +    2,310   +  581,471  

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





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Nov 12, 2014   Wednesday    Wednesday  
                                                        consolidation                 Nov 5, 2014 Nov 13, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,268,945   +    5,959   +   90,203 
  Reverse repurchase agreements (13)                                         211,570   -   13,025   +  105,300 
  Deposits                                                          (0)    2,943,847   +    7,986   +  389,572 
    Term deposits held by depository institutions                            262,102   +   42,958   +  262,102 
    Other deposits held by depository institutions                         2,570,696   -   29,522   +   81,679 
    U.S. Treasury, General Account                                            95,008   -    9,196   +   60,761 
    Foreign official                                                           5,249   +        1   -    3,404 
    Other (14)                                                      (0)       10,792   +    3,745   -   11,566 
  Deferred availability cash items                                  (0)        1,181   +      398   -      130 
  Other liabilities and accrued dividends (15)                                 6,854   +      974   -    5,128 
                                                                                                               
Total liabilities                                                   (0)    4,432,396   +    2,292   +  579,815 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,250   +       10   +      829 
  Surplus                                                                     28,250   +       10   +      829 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,499   +       18   +    1,656 

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 6.                                    
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 6.                                                         
9.  Refer to the note on consolidation accompanying table 6.                                                
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 liability for interest on Federal Reserve notes due to U.S. Treasury.                      

 



6. Statement of Condition of Each Federal Reserve Bank, November 12, 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                                             1,883          31          88          121         117         310         222         273          20          45         150         177         330
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,409,121      89,186   2,706,077      105,626      96,264     246,421     243,739     180,211      54,387      27,092      58,099     134,351     467,668
    Securities held outright (1)               4,219,197      85,347   2,589,590      101,079      92,120     235,814     233,235     172,444      52,041      25,857      55,577     128,560     447,535
      U.S. Treasury securities                 2,461,602      49,794   1,510,841       58,972      53,745     137,581     136,076     100,609      30,362      15,086      32,425      75,006     261,105
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,461,602      49,794   1,510,841       58,972      53,745     137,581     136,076     100,609      30,362      15,086      32,425      75,006     261,105
      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)           1,717,896      34,750   1,054,382       41,156      37,508      96,014      94,964      70,213      21,189      10,528      22,629      52,345     182,219
    Unamortized premiums on securities held 
      outright (5)                               208,425       4,216     127,924        4,993       4,551      11,649      11,522       8,519       2,571       1,277       2,745       6,351      22,108
    Unamortized discounts on securities     
      held outright (5)                          -18,632        -377     -11,436         -446        -407      -1,041      -1,030        -762        -230        -114        -245        -568      -1,976
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            131           0           0            0           0           0          13           9           5          72          23           8           2
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,679           0       1,679            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)               0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     123           0           0            0           0           0         122           0           0           1           0           0           0
  Bank premises                                    2,261         122         439           74         110         221         211         198         123          96         242         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)                                  21,664         985       6,969        1,629       1,723       4,517       1,245         598         182          92         228         362       3,134
  Other assets (12)                               35,928         762      21,787          865         787       2,149       1,989       1,457         514         249         496       1,132       3,742
  Interdistrict settlement account                     0  +   21,711  -   54,365   -      815  +   14,451  -    4,572  +    2,322  -   18,827  -    7,800  +      297  -    1,958  +    8,183  +   41,373
                                                                                                                                                                                                         
Total assets                                   4,488,895     113,344   2,688,617      108,047     114,152     250,283     251,854     165,040      47,854      28,134      57,702     145,590     518,278

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





6. Statement of Condition of Each Federal Reserve Bank, November 12, 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            1,455,438      44,460     481,114      44,758      67,885     102,948     214,220      99,214      39,799      21,335      36,628     118,412     184,665
    Less: Notes held by F.R. Banks               186,493       4,976      64,476       5,428       8,452      11,276      21,729      10,365       4,654       3,615       5,136      19,832      26,555
      Federal Reserve notes, net               1,268,945      39,484     416,639      39,330      59,434      91,672     192,490      88,849      35,144      17,720      31,493      98,580     158,110
  Reverse repurchase agreements (13)             211,570       4,280     129,854       5,069       4,619      11,825      11,695       8,647       2,610       1,297       2,787       6,447      22,441
  Deposits                                     2,943,847      66,805   2,120,298      60,270      45,402     133,638      42,978      65,660       9,404       8,556      22,675      39,413     328,748
    Term deposits held by depository        
        institutions                             262,102          35     191,220      27,320       2,508          26         575      14,200          20         105       1,548       2,600      21,945
    Other deposits held by depository       
        institutions                           2,570,696      66,761   1,818,308      32,920      42,891     133,405      42,394      51,452       9,384       8,451      21,125      36,811     306,794
    U.S. Treasury, General Account                95,008           0      95,008           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,249           2       5,222           3           3           8           2           1           0           0           0           1           6
    Other (14)                                    10,792           7      10,541          28           0         198           7           7           0           0           1           1           3
  Deferred availability cash items                 1,181           0           0           0           0           0         988           0           0         192           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,869          33       1,332          34          25         -60         100          86          23          11          24         134         127
  Other liabilities and accrued             
     dividends (16)                                4,984         179       2,104         211         224         604         349         270         142         118         125         198         461
                                                                                                                                                                                                        
Total liabilities                              4,432,396     110,780   2,670,226     104,914     109,704     237,678     248,602     163,512      47,324      27,894      57,104     144,771     509,887
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,250       1,282       9,195       1,567       2,224       6,302       1,626         764         265         120         299         409       4,196
  Surplus                                         28,250       1,282       9,195       1,567       2,224       6,302       1,626         764         265         120         299         409       4,196
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,488,895     113,344   2,688,617     108,047     114,152     250,283     251,854     165,040      47,854      28,134      57,702     145,590     518,278

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





6. Statement of Condition of Each Federal Reserve Bank, November 12, 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 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.                                                                                                                                                   
                                                                                                                                                                                                            


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 was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were 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 were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

                                                                           



7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Nov 12, 2014  

Federal Reserve notes outstanding                                                            1,455,438  
  Less: Notes held by F.R. Banks not subject to collateralization                              186,493  
    Federal Reserve notes to be collateralized                                               1,268,945  
Collateral held against Federal Reserve notes                                                1,268,945  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,252,708  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,219,197  
  Less: Face value of securities under reverse repurchase agreements                           199,635  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,019,562  

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: November 13, 2014