In the most recent version of InDesign CC 2014, there are two kinds of libraries. The traditional kind is created by choosing File > New > Library, which makes an empty panel. There is also now a CC Library, most useful when you're working with multiple CC applications, notably Illustrator CC 2014 and Photoshop CC 2014. The latter kind appears as a panel in your program and has the option to create "libraries."
What kind of library are you talking about?
I find this one by opening Window---CC Libraries ----in Indesign CC on my PC. Does that help?
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What kind of graphic are you dragging from CC libraries? In the Graphics section, you should see a small icon indicating the kind of graphic. ID for InDesign, AI for Illustrator, PS for Photoshop.
Here's what happens when I first drag an ID graphic over the page:
Then I see a graphic placement cursor (similar to placing a graphic from my hard drive). Then clicking places the graphic:
Is that "graphic" you are dragging out an image once placed on an InDesign page and from there stored in a CC Library?
If yes, chance could be, that your viewing options in your actual document are set in a way, that the dragged out image is not shown.
Not shown other than as a gray rectangle.
Change the View to Overprint "On" and check again.
This is just a guess.
There could be other factors, of course…