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 October 24, 2013

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

Oct 23, 2013 Oct 16, 2013 Oct 24, 2012

Wednesday

Oct 23, 2013

Reserve Bank credit 3,782,403 + 20,360 + 980,711 3,795,630

Securities held outright1 3,553,685 + 19,380 + 950,438 3,566,226

U.S. Treasury securities 2,101,159 + 11,923 + 448,877 2,106,475

Bills2 0 0 0 0

Notes and bonds, nominal2 1,999,031 + 11,682 + 429,654 2,004,336

Notes and bonds, inflation-indexed2 88,589 + 197 + 16,023 88,589

Inflation compensation3 13,539 + 43 + 3,200 13,549

Federal agency debt securities2 59,235 - 1,278 - 23,511 59,080

Mortgage-backed securities4 1,393,291 + 8,735 + 525,072 1,400,671

Unamortized premiums on securities held outright5 205,369 + 374 + 46,370 205,606

Unamortized discounts on securities held outright5 -8,103 - 296 - 6,446 -8,268

Repurchase agreements6 0 0 0 0

Loans 243 + 6 - 1,166 239

Primary credit 19 + 9 + 15 13

Secondary credit 0 0 0 0

Seasonal credit 124 - 3 + 76 126

Term Asset-Backed Securities Loan Facility7 100 - 1 - 1,257 100

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,493 0 - 62 1,495

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 3 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1 22

Net portfolio holdings of TALF LLC11 111 0 - 743 111

Float -633 + 164 - 73 -568

Central bank liquidity swaps12 272 0 - 11,905 272

Other Federal Reserve assets13 29,881 + 733 + 4,297 30,433

Foreign currency denominated assets14 24,396 + 252 - 1,346 24,531

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,393 + 14 + 715 45,393

Total factors supplying reserve funds 3,868,433 + 20,627 + 980,080 3,881,795

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

Oct 23, 2013 Oct 16, 2013 Oct 24, 2012

Wednesday

Oct 23, 2013

Currency in circulation15 1,215,794 - 401 + 81,462 1,217,200

Reverse repurchase agreements16 117,957 + 15,439 + 23,521 121,235

Foreign official and international accounts 111,561 + 10,864 + 17,125 105,495

Others 6,396 + 4,575 + 6,396 15,740

Treasury cash holdings 184 + 5 + 49 195

Deposits with F.R. Banks, other than reserve balances 111,833 + 20,480 - 3,918 96,045

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 44,193 + 8,892 - 18,545 35,691

Foreign official 8,660 - 143 + 3,677 8,652

Other 58,979 + 11,730 + 10,949 51,702

Other liabilities and capital17 65,219 - 1,399 - 1,129 64,527

Total factors, other than reserve balances,

absorbing reserve funds 1,510,986 + 34,123 + 99,983 1,499,202

Reserve balances with Federal Reserve Banks 2,357,446 - 13,498 + 880,096 2,382,593

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 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

Oct 23, 2013 Oct 16, 2013 Oct 24, 2012

Wednesday

Oct 23, 2013

Securities held in custody for foreign official and international

accounts 3,322,097 + 13,890 + 127,387 3,319,826

Marketable U.S. Treasury securities1 2,964,533 + 12,476 + 134,605 2,958,077

Federal agency debt and mortgage-backed securities2 317,188 + 781 - 9,830 321,176

Other securities3 40,377 + 634 + 2,612 40,573

Securities lent to dealers 15,342 - 29 + 7,458 12,729

Overnight facility4 15,342 - 29 + 7,458 12,729

U.S. Treasury securities 14,264 + 59 + 7,004 11,581

Federal agency debt securities 1,078 - 88 + 454 1,148

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, October 23, 2013

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 134 5 49 51 0 ... 239

U.S. Treasury securities2

Holdings 1 4 384 662,725 896,444 546,917 2,106,475

Weekly changes 0 + 1 - 1 + 4 + 6,843 + 4,594 + 11,441

Federal agency debt securities3

Holdings 0 4,169 15,211 37,291 62 2,347 59,080

Weekly changes - 1,085 + 746 - 746 0 0 0 - 1,085

Mortgage-backed securities4

Holdings 0 0 1 3 2,620 1,398,048 1,400,671

Weekly changes 0 0 0 0 + 2 + 12,921 + 12,923

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 131 141 0 0 0 0 272

Reverse repurchase agreements6 121,235 0 ... ... ... ... 121,235

Term deposits 0 0 0 ... ... ... 0

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 Oct 23, 2013

Mortgage-backed securities held outright1 1,400,671

Commitments to buy mortgage-backed securities2 59,476

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 105

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 Oct 23, 2013

Net portfolio holdings of Maiden Lane LLC1 1,495

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 June 30, 2013. 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 Oct 23, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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 June 30, 2013. 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 Oct 23, 2013

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 June 30, 2013. 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 Oct 23, 2013

Asset-backed securities holdings1 0

Other investments, net 111

Net portfolio holdings of TALF LLC 111

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

Oct 23, 2013 Oct 16, 2013 Oct 24, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,974 - 11 - 193

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,763,803 + 23,268 +1,007,737

Securities held outright1 3,566,226 + 23,279 + 968,887

U.S. Treasury securities 2,106,475 + 11,441 + 459,951

Bills2 0 0 0

Notes and bonds, nominal2 2,004,336 + 11,413 + 440,024

Notes and bonds, inflation-indexed2 88,589 0 + 16,645

Inflation compensation3 13,549 + 27 + 3,280

Federal agency debt securities2 59,080 - 1,085 - 23,666

Mortgage-backed securities4 1,400,671 + 12,923 + 532,602

Unamortized premiums on securities held outright5 205,606 + 383 + 46,541

Unamortized discounts on securities held outright5 -8,268 - 380 - 6,618

Repurchase agreements6 0 0 0

Loans 239 - 13 - 1,073

Net portfolio holdings of Maiden Lane LLC7 1,495 + 2 - 64

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 3

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 1

Net portfolio holdings of TALF LLC10 111 0 - 744

Items in process of collection (0) 93 - 8 - 110

Bank premises 2,288 + 3 - 62

Central bank liquidity swaps11 272 0 - 11,905

Foreign currency denominated assets12 24,531 + 480 - 1,082

Other assets13 28,146 + 1,703 + 4,490

Total assets (0) 3,839,033 + 25,434 + 998,069

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

Oct 23, 2013 Oct 16, 2013 Oct 24, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,173,971 + 844 + 81,126

Reverse repurchase agreements14 121,235 + 15,580 + 29,526

Deposits (0) 2,478,638 + 9,442 + 887,948

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,382,593 - 838 + 949,352

U.S. Treasury, General Account 35,691 + 3,825 - 17,156

Foreign official 8,652 - 150 + 3,790

Other (0) 51,702 + 6,606 - 48,037

Deferred availability cash items (0) 661 - 719 - 119

Other liabilities and accrued dividends15 9,634 + 287 - 558

Total liabilities (0) 3,784,139 + 25,434 + 997,923

Capital accounts

Capital paid in 27,447 0 + 73

Surplus 27,447 0 + 73

Other capital accounts 0 0 0

Total capital 54,894 + 1 + 146

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 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, October 23, 2013

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 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,974 35 89 128 132 340 202 284 27 46 156 184 351

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,763,803 98,413 2,087,150 109,047 96,119 234,022 250,024 203,391 60,577 35,761 71,222 146,159 371,917

Securities held outright1 3,566,226 93,253 1,977,618 103,329 91,078 221,751 236,900 192,706 57,382 33,841 67,469 138,485 352,414

U.S. Treasury securities 2,106,475 55,082 1,168,127 61,034 53,797 130,982 139,930 113,826 33,894 19,989 39,852 81,800 208,162

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

Notes and bonds3 2,106,475 55,082 1,168,127 61,034 53,797 130,982 139,930 113,826 33,894 19,989 39,852 81,800 208,162

Federal agency debt securities2 59,080 1,545 32,762 1,712 1,509 3,674 3,925 3,192 951 561 1,118 2,294 5,838

Mortgage-backed securities4 1,400,671 36,626 776,729 40,583 35,772 87,095 93,045 75,687 22,537 13,291 26,499 54,391 138,414

Unamortized premiums on securities 

held outright5 205,606 5,376 114,017 5,957 5,251 12,785 13,658 11,110 3,308 1,951 3,890 7,984 20,318

Unamortized discounts on securities 

held outright5 -8,268 -216 -4,585 -240 -211 -514 -549 -447 -133 -78 -156 -321 -817

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

Loans 239 0 100 0 1 0 15 21 20 48 20 11 2

Net portfolio holdings of Maiden

Lane LLC7 1,495 0 1,495 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 64 0 64 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 111 0 111 0 0 0 0 0 0 0 0 0 0

Items in process of collection 93 0 0 0 0 0 92 0 0 0 0 0 0

Bank premises 2,288 118 428 73 112 229 211 204 127 100 248 233 205

Central bank liquidity swaps11 272 13 87 21 21 57 15 8 2 1 3 4 39

Foreign currency denominated assets12 24,531 1,205 7,844 1,897 1,913 5,151 1,397 699 204 103 248 389 3,479

Other assets13 28,146 773 15,162 823 729 1,930 1,879 1,511 512 329 555 1,190 2,753

Interdistrict settlement account 0 - 26,443 + 275,951 - 29,627 - 16,869 - 35,932 - 54,851 - 51,808 - 17,515 - 15,532 - 27,035 - 35,298 + 34,959

Total assets 3,839,033 74,703 2,394,145 82,968 82,905 207,065 201,045 155,505 44,396 21,088 45,860 113,871 415,483

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, October 23, 2013 (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 1,462,171 46,189 540,844 43,758 60,907 110,898 178,465 94,097 36,796 23,083 38,531 119,709 168,893

Less: Notes held by F.R. Banks 288,199 11,805 74,793 8,163 8,380 12,543 28,919 21,813 4,310 10,327 12,499 57,593 37,052

Federal Reserve notes, net 1,173,971 34,384 466,051 35,595 52,527 98,354 149,546 72,284 32,485 12,755 26,032 62,116 131,841

Reverse repurchase agreements14 121,235 3,170 67,230 3,513 3,096 7,538 8,053 6,551 1,951 1,150 2,294 4,708 11,980

Deposits 2,478,638 34,259 1,838,801 39,283 22,551 88,827 39,009 74,620 9,278 6,672 16,763 45,746 262,831

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,382,593 34,256 1,743,076 39,223 22,548 88,622 38,997 74,597 9,277 6,672 16,761 45,745 262,818

U.S. Treasury, General Account 35,691 0 35,691 0 0 0 0 0 0 0 0 0 0

Foreign official 8,652 2 8,625 3 3 8 2 1 0 0 0 1 6

Other 51,702 1 51,408 57 0 196 10 21 0 0 1 1 7

Deferred availability cash items 661 0 0 0 0 0 558 0 0 102 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,255 90 1,135 66 85 205 151 113 33 22 39 77 239

Other liabilities and accrued

dividends16 7,379 245 3,455 291 285 708 526 425 186 155 170 310 623

Total liabilities 3,784,139 72,148 2,376,672 78,747 78,546 195,632 197,844 153,993 43,932 20,856 45,297 112,957 407,515

Capital

Capital paid in 27,447 1,277 8,737 2,110 2,179 5,716 1,600 756 232 116 282 457 3,984

Surplus 27,447 1,277 8,737 2,110 2,179 5,716 1,600 756 232 116 282 457 3,984

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

Total liabilities and capital 3,839,033 74,703 2,394,145 82,968 82,905 207,065 201,045 155,505 44,396 21,088 45,860 113,871 415,483

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, October 23, 2013 (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. 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 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 Oct 23, 2013

Federal Reserve notes outstanding 1,462,171

Less: Notes held by F.R. Banks not subject to collateralization 288,199

Federal Reserve notes to be collateralized 1,173,971

Collateral held against Federal Reserve notes 1,173,971

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,157,735

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,566,226

Less: Face value of securities under reverse repurchase agreements 109,066

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,457,159

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.