FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm.

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks June 5, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Jun 4, 2014 May 28, 2014 Jun 5, 2013

Wednesday

Jun 4, 2014

Reserve Bank credit 4,284,873 + 255 + 935,079 4,288,107

Securities held outright1 4,067,250 + 1,063 + 940,348 4,070,251

U.S. Treasury securities 2,375,185 + 6,669 + 484,148 2,378,186

Bills2 0 0 0 0

Notes and bonds, nominal2 2,263,829 + 6,542 + 467,071 2,266,790

Notes and bonds, inflation-indexed2 96,068 0 + 14,422 96,068

Inflation compensation3 15,288 + 127 + 2,655 15,328

Federal agency debt securities2 44,082 0 - 26,808 44,082

Mortgage-backed securities4 1,647,983 - 5,606 + 483,008 1,647,983

Unamortized premiums on securities held outright5 209,302 - 350 + 8,369 209,310

Unamortized discounts on securities held outright5 -18,079 - 162 - 16,278 -18,114

Repurchase agreements6 0 0 0 0

Loans 157 + 9 - 168 164

Primary credit 16 + 1 + 8 3

Secondary credit 0 0 0 0

Seasonal credit 61 + 8 + 14 81

Term Asset-Backed Securities Loan Facility7 79 0 - 192 79

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,655 - 1 + 231 1,654

Net portfolio holdings of Maiden Lane II LLC9 63 0 - 1 63

Net portfolio holdings of Maiden Lane III LLC10 22 0 0 22

Net portfolio holdings of TALF LLC11 91 0 - 297 91

Float -613 - 85 + 202 -729

Central bank liquidity swaps12 174 0 - 1,597 174

Other Federal Reserve assets13 24,851 - 219 + 4,269 25,222

Foreign currency denominated assets14 23,978 + 1 + 545 23,901

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding15 45,875 + 14 + 791 45,875

Total factors supplying reserve funds 4,370,967 + 271 + 936,415 4,374,124

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 4, 2014 May 28, 2014 Jun 5, 2013

Wednesday

Jun 4, 2014

Currency in circulation15 1,280,467 + 18 + 89,774 1,280,889

Reverse repurchase agreements16 256,402 - 36,239 + 161,459 232,954

Foreign official and international accounts 108,126 + 454 + 13,183 105,553

Others 148,277 - 36,692 + 148,277 127,401

Treasury cash holdings 187 - 16 + 37 190

Deposits with F.R. Banks, other than reserve balances 90,625 - 13,125 + 23,713 88,760

Term deposits held by depository institutions 42,904 + 15,329 + 32,408 42,904

U.S. Treasury, General Account 33,895 + 322 + 3,665 31,902

Foreign official 7,793 + 7 - 3,401 7,779

Other17 6,033 - 28,783 - 8,958 6,175

Other liabilities and capital18 64,215 - 238 + 942 63,267

Total factors, other than reserve balances,

absorbing reserve funds 1,691,895 - 49,602 + 275,925 1,666,060

Reserve balances with Federal Reserve Banks 2,679,071 + 49,872 + 660,489 2,708,064

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 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

12. 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.

13. 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.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jun 4, 2014 May 28, 2014 Jun 5, 2013

Wednesday

Jun 4, 2014

Securities held in custody for foreign official and international

accounts 3,295,568 + 16,678 - 16,827 3,306,633

Marketable U.S. Treasury securities1 2,959,908 + 16,571 - 11,984 2,970,736

Federal agency debt and mortgage-backed securities2 294,138 + 298 - 8,323 294,309

Other securities3 41,522 - 190 + 3,480 41,588

Securities lent to dealers 10,569 + 1,030 - 8,762 12,621

Overnight facility4 10,569 + 1,030 - 8,762 12,621

U.S. Treasury securities 9,527 + 1,030 - 8,767 11,484

Federal agency debt securities 1,041 - 1 + 5 1,137

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, 8, and 9.

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, June 4, 2014

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 18 82 64 0 0 ... 164

U.S. Treasury securities2

Holdings 0 47 1,994 926,143 814,320 635,680 2,378,186

Weekly changes - 37 + 5 - 5 + 17,472 - 12,533 + 2,558 + 7,462

Federal agency debt securities3

Holdings 423 2,097 5,667 33,548 0 2,347 44,082

Weekly changes + 423 - 423 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 9 3,696 1,644,278 1,647,983

Weekly changes 0 0 0 + 1 + 31 - 31 + 1

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 50 124 0 0 0 0 174

Reverse repurchase agreements6 232,954 0 ... ... ... ... 232,954

Term deposits 42,904 0 0 ... ... ... 42,904

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

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. 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.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jun 4, 2014

Mortgage-backed securities held outright1 1,647,983

Commitments to buy mortgage-backed securities2 61,049

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 6

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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jun 4, 2014

Net portfolio holdings of Maiden Lane LLC1 1,654

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 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 March 31, 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 9.

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 8 and table 9.

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. Payments by Maiden Lane LLC from the proceeds of the

net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY,

principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Jun 4, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.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 March 31, 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 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S.

securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY,

interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Jun 4, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.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 March 31, 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 9.

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 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on

which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the

purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds

of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to

the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Jun 4, 2014

Asset-backed securities holdings1 0

Other investments, net 91

Net portfolio holdings of TALF LLC 91

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 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 9.

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 8

and table 9.

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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 4, 2014 May 28, 2014 Jun 5, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,858 - 6 - 110

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,261,610 + 7,230 + 928,372

Securities held outright1 4,070,251 + 7,463 + 936,361

U.S. Treasury securities 2,378,186 + 7,462 + 480,176

Bills2 0 0 0

Notes and bonds, nominal2 2,266,790 + 7,344 + 463,050

Notes and bonds, inflation-indexed2 96,068 0 + 14,422

Inflation compensation3 15,328 + 118 + 2,704

Federal agency debt securities2 44,082 0 - 26,808

Mortgage-backed securities4 1,647,983 + 1 + 482,992

Unamortized premiums on securities held outright5 209,310 - 102 + 8,388

Unamortized discounts on securities held outright5 -18,114 - 156 - 16,212

Repurchase agreements6 0 0 0

Loans 164 + 27 - 163

Net portfolio holdings of Maiden Lane LLC7 1,654 - 2 + 230

Net portfolio holdings of Maiden Lane II LLC8 63 0 - 1

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 91 0 - 297

Items in process of collection (0) 85 - 44 - 2

Bank premises 2,261 - 10 - 36

Central bank liquidity swaps11 174 0 - 1,597

Foreign currency denominated assets12 23,901 - 53 + 343

Other assets13 22,961 + 1,148 + 3,832

Total assets (0) 4,330,917 + 8,263 + 930,734

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 4, 2014 May 28, 2014 Jun 5, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,237,058 - 920 + 89,538

Reverse repurchase agreements14 232,954 - 45,251 + 138,675

Deposits (0) 2,796,824 + 54,806 + 702,038

Term deposits held by depository institutions 42,904 + 15,329 + 32,408

Other deposits held by depository institutions 2,708,064 + 30,766 + 681,807

U.S. Treasury, General Account 31,902 + 8,952 - 9,123

Foreign official 7,779 - 9 - 3,403

Other15 (0) 6,175 - 231 + 350

Deferred availability cash items (0) 814 - 137 - 166

Other liabilities and accrued dividends16 6,954 - 208 - 646

Total liabilities (0) 4,274,604 + 8,291 + 929,440

Capital accounts

Capital paid in 28,156 - 15 + 647

Surplus 28,156 - 15 + 647

Other capital accounts 0 0 0

Total capital 56,313 - 29 + 1,295

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 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

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. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 4, 2014

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 1,858 31 82 118 118 315 219 273 21 44 148 173 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,261,610 86,202 2,615,600 102,091 93,042 238,175 235,583 174,182 52,572 26,151 56,141 129,850 452,022

Securities held outright1 4,070,251 82,334 2,498,171 97,511 88,868 227,489 225,001 166,357 50,204 24,944 53,615 124,022 431,736

U.S. Treasury securities 2,378,186 48,107 1,459,644 56,974 51,924 132,918 131,465 97,200 29,333 14,574 31,326 72,464 252,257

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 2,378,186 48,107 1,459,644 56,974 51,924 132,918 131,465 97,200 29,333 14,574 31,326 72,464 252,257

Federal agency debt securities2 44,082 892 27,056 1,056 962 2,464 2,437 1,802 544 270 581 1,343 4,676

Mortgage-backed securities4 1,647,983 33,336 1,011,472 39,481 35,981 92,107 91,100 67,355 20,327 10,099 21,708 50,214 174,803

Unamortized premiums on securities 

held outright5 209,310 4,234 128,467 5,014 4,570 11,698 11,571 8,555 2,582 1,283 2,757 6,378 22,202

Unamortized discounts on securities 

held outright5 -18,114 -366 -11,118 -434 -395 -1,012 -1,001 -740 -223 -111 -239 -552 -1,921

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 164 0 79 0 0 0 13 10 10 35 8 3 6

Net portfolio holdings of Maiden

Lane LLC7 1,654 0 1,654 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 63 0 63 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC9 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC10 91 0 91 0 0 0 0 0 0 0 0 0 0

Items in process of collection 85 0 0 0 0 0 84 0 0 0 0 0 0

Bank premises 2,261 122 430 73 110 224 209 199 125 98 244 226 201

Central bank liquidity swaps11 174 8 56 13 14 36 10 5 1 1 2 3 25

Foreign currency denominated assets12 23,901 1,087 7,689 1,797 1,900 4,983 1,374 660 201 101 252 400 3,458

Other assets13 22,961 498 13,694 675 501 1,441 1,268 933 334 211 323 718 2,365

Interdistrict settlement account 0 + 17,768 - 24,446 + 4,709 - 3,255 - 71 + 15,031 - 22,094 - 8,545 - 2,477 - 3,447 + 2,620 + 24,206

Total assets 4,330,917 106,262 2,620,877 110,025 93,131 246,341 255,781 155,287 45,138 24,392 54,107 135,151 484,424

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 4, 2014 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,456,854 45,483 508,932 43,443 63,336 105,550 213,078 93,186 36,702 21,536 37,810 116,634 171,165

Less: Notes held by F.R. Banks 219,796 4,709 71,598 6,033 9,271 11,358 22,010 15,247 4,775 5,531 6,220 32,168 30,875

Federal Reserve notes, net 1,237,058 40,774 437,335 37,410 54,065 94,192 191,067 77,939 31,926 16,005 31,591 84,465 140,289

Reverse repurchase agreements14 232,954 4,712 142,979 5,581 5,086 13,020 12,878 9,521 2,873 1,428 3,069 7,098 24,710

Deposits 2,796,824 58,016 2,018,918 62,514 29,275 126,907 47,366 65,941 9,680 6,545 18,713 42,395 310,553

Term deposits held by depository

institutions 42,904 0 34,137 1 0 20 355 5,105 45 42 89 205 2,905

Other deposits held by depository

institutions 2,708,064 58,014 1,939,140 62,476 29,272 126,745 47,001 60,827 9,635 6,503 18,622 42,187 307,641

U.S. Treasury, General Account 31,902 0 31,902 0 0 0 0 0 0 0 0 0 0

Foreign official 7,779 2 7,752 3 3 8 2 1 0 0 0 1 6

Other15 6,175 1 5,987 34 0 134 7 8 0 0 1 3 1

Deferred availability cash items 814 0 0 0 0 0 758 0 0 56 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,993 25 1,249 68 37 76 127 84 25 10 20 64 209

Other liabilities and accrued

dividends17 4,961 174 2,014 227 229 620 367 276 138 114 129 202 472

Total liabilities 4,274,604 103,701 2,602,494 105,799 88,692 234,815 252,564 153,760 44,643 24,158 53,521 134,224 476,233

Capital

Capital paid in 28,156 1,281 9,191 2,113 2,219 5,763 1,609 763 247 117 293 464 4,095

Surplus 28,156 1,281 9,191 2,113 2,219 5,763 1,609 763 247 117 293 464 4,095

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,330,917 106,262 2,620,877 110,025 93,131 246,341 255,781 155,287 45,138 24,392 54,107 135,151 484,424

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 4, 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. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

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. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16. 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.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has 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 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. has written credit default swap contracts. 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 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.

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 8), 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 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Jun 4, 2014

Federal Reserve notes outstanding 1,456,854

Less: Notes held by F.R. Banks not subject to collateralization 219,796

Federal Reserve notes to be collateralized 1,237,058

Collateral held against Federal Reserve notes 1,237,058

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,220,821

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,070,251

Less: Face value of securities under reverse repurchase agreements 230,873

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,839,377

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.