FRB: H.4.1 Release--Factors Affecting Reserve Balances--October 30, 2014

FEDERAL RESERVE statistical release

For release at
4:30 P.M. EDT
October 30, 2014

The weekly average values, shown in table 1, reflect the September 30, 2014, quarterly updates to the fair
values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed
Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the
first six days of this reporting week are based on the values as of June 30, 2014, and the amounts for the last
day of the reporting week are based on the values as of September 30, 2014.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks October 30, 2014

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Oct 29, 2014
Federal Reserve Banks Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Reserve Bank credit 4,450,920 + 14,234 + 655,600 4,445,443
Securities held outright (1) 4,223,920 + 12,770 + 657,529 4,219,168
U.S. Treasury securities 2,460,718 + 3,659 + 348,081 2,461,580
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,345,835 + 3,703 + 335,354 2,346,714
Notes and bonds, inflation-indexed (2) 98,469 0 + 9,880 98,469
Inflation compensation (3) 16,414 - 43 + 2,847 16,398
Federal agency debt securities (2) 39,700 0 - 19,380 39,700
Mortgage-backed securities (4) 1,723,502 + 9,110 + 328,828 1,717,888
Unamortized premiums on securities held outright (5) 209,411 + 166 + 3,972 209,140
Unamortized discounts on securities held outright (5) -18,705 + 2 - 10,348 -18,694
Repurchase agreements (6) 0 0 0 0
Loans 218 - 3 - 15 206
Primary credit 12 + 7 - 5 28
Secondary credit 0 0 0 0
Seasonal credit 194 - 8 + 78 178
Term Asset-Backed Securities Loan Facility (7) 12 - 2 - 88 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,672 - 1 + 175 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) 24 0 - 87 24
Float -512 + 106 + 41 -547
Central bank liquidity swaps (11) 0 0 - 272 0
Other Federal Reserve assets (12) 34,891 + 1,194 + 4,689 34,467
Foreign currency denominated assets (13) 22,481 - 157 - 2,016 22,542
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,216 + 14 + 815 46,216

Total factors supplying reserve funds 4,535,858 + 14,091 + 654,399 4,530,443

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Oct 29, 2014
Federal Reserve Banks Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Currency in circulation (14) 1,297,194 + 806 + 79,945 1,299,173
Reverse repurchase agreements (15) 219,152 - 5,888 + 107,636 236,689
Foreign official and international accounts 102,406 + 3,008 - 5,642 101,999
Others 116,746 - 8,896 + 113,278 134,690
Treasury cash holdings 198 + 3 + 2 203
Deposits with F.R. Banks, other than reserve balances 325,207 + 78,016 + 262,770 304,029
Term deposits held by depository institutions 171,861 + 61,832 + 171,861 171,860
U.S. Treasury, General Account 118,424 - 5,090 + 86,618 118,660
Foreign official 5,264 + 18 - 3,389 5,253
Other (16) 29,659 + 21,257 + 7,681 8,257
Other liabilities and capital (17) 64,298 - 42 - 846 63,075

Total factors, other than reserve balances,
absorbing reserve funds 1,906,050 + 72,895 + 449,508 1,903,169

Reserve balances with Federal Reserve Banks 2,629,809 - 58,804 + 204,892 2,627,273

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

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

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

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Oct 29, 2014
Oct 29, 2014 Oct 22, 2014 Oct 30, 2013

Securities held in custody for foreign official and
international accounts 3,291,463 - 11,891 - 24,721 3,282,086
Marketable U.S. Treasury securities (1) 2,963,544 - 9,236 + 8,337 2,955,615
Federal agency debt and mortgage-backed securities (2) 286,078 - 2,759 - 34,328 284,695
Other securities (3) 41,841 + 104 + 1,270 41,776
Securities lent to dealers 10,103 - 3,002 - 6,751 9,651
Overnight facility (4) 10,103 - 3,002 - 6,751 9,651
U.S. Treasury securities 9,422 - 3,032 - 6,335 8,994
Federal agency debt securities 681 + 30 - 416 657

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 29, 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 202 4 0 0 0 ... 206
U.S. Treasury securities (1)
Holdings 1 89 3,193 1,050,006 744,464 663,827 2,461,580
Weekly changes 0 0 0 - 6 + 1,491 + 899 + 2,383
Federal agency debt securities (2)
Holdings 0 2,112 3,442 31,799 0 2,347 39,700
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 10 5,107 1,712,770 1,717,888
Weekly changes 0 0 0 0 - 86 + 2,528 + 2,443
Asset-backed securities held by
TALF LLC (4) 0 0 0 0 0 0 0
Repurchase agreements (5) 0 0 ... ... ... ... 0
Central bank liquidity swaps (6) 0 0 0 0 0 0 0

Reverse repurchase agreements (5) 236,689 0 ... ... ... ... 236,689
Term deposits 171,860 0 0 ... ... ... 171,860

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

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

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Oct 29, 2014

Mortgage-backed securities held outright (1) 1,717,888

Commitments to buy mortgage-backed securities (2) 46,479
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 10

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

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Oct 29, 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 7.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 6 and table 7.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.

5. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Oct 29, 2014

Asset-backed securities holdings (1) 0
Other investments, net 24
Net portfolio holdings of TALF LLC 24

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 7.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 6 and table 7.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.

6. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Oct 29, 2014 Wednesday Wednesday
consolidation Oct 22, 2014 Oct 30, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,914 + 23 - 59
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,409,820 + 4,793 + 642,021
Securities held outright (1) 4,219,168 + 4,826 + 648,650
U.S. Treasury securities 2,461,580 + 2,383 + 343,830
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,714 + 2,427 + 331,130
Notes and bonds, inflation-indexed (2) 98,469 0 + 9,880
Inflation compensation (3) 16,398 - 43 + 2,821
Federal agency debt securities (2) 39,700 0 - 19,380
Mortgage-backed securities (4) 1,717,888 + 2,443 + 324,201
Unamortized premiums on securities held outright
(5) 209,140 - 32 + 3,656
Unamortized discounts on securities held outright
(5) -18,694 + 32 - 10,279
Repurchase agreements (6) 0 0 0
Loans 206 - 34 - 6
Net portfolio holdings of Maiden Lane LLC (7) 1,679 + 8 + 164
Net portfolio holdings of Maiden Lane II LLC (8) 0 0 - 64
Net portfolio holdings of Maiden Lane III LLC (8) 0 0 - 22
Net portfolio holdings of TALF LLC (9) 24 0 - 87
Items in process of collection (0) 71 0 - 30
Bank premises 2,268 + 5 - 30
Central bank liquidity swaps (10) 0 0 - 272
Foreign currency denominated assets (11) 22,542 + 52 - 1,890
Other assets (12) 32,199 + 257 + 3,625

Total assets (0) 4,486,754 + 5,138 + 643,358

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

6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Oct 29, 2014 Wednesday Wednesday
consolidation Oct 22, 2014 Oct 30, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,255,070 + 2,149 + 79,520
Reverse repurchase agreements (13) 236,689 + 773 + 122,399
Deposits (0) 2,931,303 + 2,365 + 442,387
Term deposits held by depository institutions 171,860 + 61,831 + 171,860
Other deposits held by depository institutions 2,627,273 - 52,333 + 192,327
U.S. Treasury, General Account 118,660 - 5,936 + 87,935
Foreign official 5,253 + 5 - 3,400
Other (14) (0) 8,257 - 1,201 - 6,335
Deferred availability cash items (0) 618 - 1 - 87
Other liabilities and accrued dividends (15) 6,618 - 148 - 2,462

Total liabilities (0) 4,430,297 + 5,138 + 641,755

Capital accounts
Capital paid in 28,228 0 + 801
Surplus 28,228 0 + 801
Other capital accounts 0 0 0

Total capital 56,457 0 + 1,602

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

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

7. Statement of Condition of Each Federal Reserve Bank, October 29, 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 1,914 30 90 124 117 312 217 271 19 45 150 179 360
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,409,820 89,199 2,706,461 105,641 96,277 246,457 243,792 180,234 54,402 27,133 58,105 134,371 467,747
Securities held outright (1) 4,219,168 85,346 2,589,571 101,078 92,119 235,812 233,233 172,443 52,041 25,857 55,576 128,559 447,531
U.S. Treasury securities 2,461,580 49,793 1,510,828 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,580 49,793 1,510,828 58,972 53,745 137,579 136,075 100,608 30,362 15,085 32,425 75,005 261,102
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) 1,717,888 34,750 1,054,377 41,155 37,507 96,014 94,964 70,212 21,189 10,528 22,629 52,344 182,218
Unamortized premiums on securities held
outright (5) 209,140 4,231 128,363 5,010 4,566 11,689 11,561 8,548 2,580 1,282 2,755 6,373 22,184
Unamortized discounts on securities
held outright (5) -18,694 -378 -11,473 -448 -408 -1,045 -1,033 -764 -231 -115 -246 -570 -1,983
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 206 0 0 0 0 1 32 7 13 110 20 9 15
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) 24 0 24 0 0 0 0 0 0 0 0 0 0
Items in process of collection 71 0 0 0 0 0 71 0 0 0 0 0 0
Bank premises 2,268 122 442 74 111 221 211 200 123 97 243 224 200
Central bank liquidity swaps (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign currency denominated
assets (11) 22,542 1,025 7,251 1,695 1,792 4,700 1,296 622 189 95 237 377 3,262
Other assets (12) 32,199 687 19,458 771 704 1,941 1,773 1,299 457 228 447 1,097 3,337
Interdistrict settlement account 0 + 25,199 - 18,517 - 3,165 + 7,438 - 15,486 - 1,293 - 12,953 - 9,375 - 471 - 3,346 + 3,450 + 28,518

Total assets 4,486,754 116,811 2,722,831 105,688 107,140 239,381 248,071 170,803 46,244 27,390 56,280 140,860 505,256

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

7. Statement of Condition of Each Federal Reserve Bank, October 29, 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 1,450,759 44,339 480,420 44,684 67,070 102,299 214,050 98,924 39,521 21,391 36,526 117,659 183,876
Less: Notes held by F.R. Banks 195,689 5,316 67,220 5,957 8,750 11,516 22,425 10,941 4,795 3,835 5,324 20,925 28,684
Federal Reserve notes, net 1,255,070 39,023 413,200 38,726 58,320 90,783 191,624 87,983 34,727 17,555 31,202 96,733 155,192
Reverse repurchase agreements (13) 236,689 4,788 145,271 5,670 5,168 13,229 13,084 9,674 2,919 1,451 3,118 7,212 25,106
Deposits 2,931,303 70,216 2,142,844 57,897 38,944 122,233 39,112 71,263 7,935 7,899 21,215 35,688 316,059
Term deposits held by depository
institutions 171,860 30 125,620 19,310 2,260 23 555 7,195 15 94 3,553 2,105 11,100
Other deposits held by depository
institutions 2,627,273 70,179 1,885,357 38,556 36,681 121,982 38,548 64,059 7,919 7,804 17,661 33,578 304,950
U.S. Treasury, General Account 118,660 0 118,660 0 0 0 0 0 0 0 0 0 0
Foreign official 5,253 2 5,225 3 3 8 2 1 0 0 0 1 6
Other (14) 8,257 5 7,982 28 0 220 7 8 0 0 1 4 3
Deferred availability cash items 618 0 0 0 0 0 501 0 0 116 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,648 34 1,155 45 43 -92 103 69 15 8 18 55 195
Other liabilities and accrued
dividends (16) 4,970 186 1,975 216 224 624 391 286 142 121 128 204 473

Total liabilities 4,430,297 114,247 2,704,445 102,554 102,698 226,776 244,816 169,275 45,738 27,149 55,682 139,891 497,024

Capital
Capital paid in 28,228 1,282 9,193 1,567 2,221 6,302 1,627 764 253 120 299 484 4,116
Surplus 28,228 1,282 9,193 1,567 2,221 6,302 1,627 764 253 120 299 484 4,116
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,486,754 116,811 2,722,831 105,688 107,140 239,381 248,071 170,803 46,244 27,390 56,280 140,860 505,256

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

7. Statement of Condition of Each Federal Reserve Bank, October 29, 2014 (continued)

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

Note on consolidation:

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

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

8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Oct 29, 2014

Federal Reserve notes outstanding 1,450,759
Less: Notes held by F.R. Banks not subject to collateralization 195,689
Federal Reserve notes to be collateralized 1,255,070
Collateral held against Federal Reserve notes 1,255,070
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,238,833
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,219,168
Less: Face value of securities under reverse repurchase agreements 229,617
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,989,551

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