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

For release at

4:30 P.M. EDT

May 1, 2014

The weekly average values, shown in table 1, reflect the March 31, 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 December 31, 2013, and the amounts for the last day of the reporting week are based

on the values as of March 31, 2014.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 1, 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

Apr 30, 2014 Apr 23, 2014 May 1, 2013

Wednesday

Apr 30, 2014

Reserve Bank credit 4,250,522 + 4,566 + 984,421 4,252,828

Securities held outright1 4,023,886 + 4,954 + 989,852 4,027,112

U.S. Treasury securities 2,346,008 + 7,752 + 505,484 2,350,272

Bills2 0 0 0 0

Notes and bonds, nominal2 2,236,160 + 7,658 + 487,911 2,240,389

Notes and bonds, inflation-indexed2 95,389 0 + 15,112 95,389

Inflation compensation3 14,459 + 94 + 2,460 14,494

Federal agency debt securities2 44,965 - 1,396 - 27,088 44,965

Mortgage-backed securities4 1,632,912 - 1,403 + 511,455 1,631,875

Unamortized premiums on securities held outright5 209,856 - 145 + 13,750 209,747

Unamortized discounts on securities held outright5 -17,651 - 98 - 16,001 -17,703

Repurchase agreements6 0 0 0 0

Loans 161 + 53 - 244 121

Primary credit 59 + 49 + 49 13

Secondary credit 0 0 0 0

Seasonal credit 21 + 4 + 4 27

Term Asset-Backed Securities Loan Facility7 81 - 1 - 296 81

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,595 + 9 + 170 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 92 0 - 301 92

Float -579 - 56 + 110 -770

Central bank liquidity swaps12 300 - 107 - 8,276 300

Other Federal Reserve assets13 32,778 - 42 + 5,363 32,190

Foreign currency denominated assets14 24,168 + 44 + 517 24,225

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,776 + 14 + 747 45,776

Total factors supplying reserve funds 4,336,708 + 4,625 + 985,686 4,339,070

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

Apr 30, 2014 Apr 23, 2014 May 1, 2013

Wednesday

Apr 30, 2014

Currency in circulation15 1,270,600 + 507 + 90,204 1,272,362

Reverse repurchase agreements16 285,631 + 74,959 + 190,470 325,498

Foreign official and international accounts 110,671 + 5,630 + 15,510 117,276

Others 174,960 + 69,328 + 174,960 208,222

Treasury cash holdings 236 - 2 + 50 229

Deposits with F.R. Banks, other than reserve balances 107,182 - 39,219 - 70,505 163,827

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 84,126 - 27,268 - 72,928 148,343

Foreign official 7,786 + 688 - 2,172 7,826

Other17 15,269 - 12,639 + 4,594 7,659

Other liabilities and capital18 63,640 + 94 - 2,111 62,715

Total factors, other than reserve balances,

absorbing reserve funds 1,727,290 + 36,339 + 208,109 1,824,632

Reserve balances with Federal Reserve Banks 2,609,418 - 31,714 + 777,577 2,514,438

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

Apr 30, 2014 Apr 23, 2014 May 1, 2013

Wednesday

Apr 30, 2014

Securities held in custody for foreign official and international

accounts 3,279,197 - 15,649 - 15,854 3,288,409

Marketable U.S. Treasury securities1 2,944,178 - 12,892 - 1,550 2,952,480

Federal agency debt and mortgage-backed securities2 293,166 - 2,117 - 17,728 293,763

Other securities3 41,853 - 641 + 3,424 42,166

Securities lent to dealers 10,894 - 1,166 - 11,802 12,382

Overnight facility4 10,894 - 1,166 - 11,802 12,382

U.S. Treasury securities 9,907 - 1,060 - 11,773 11,378

Federal agency debt securities 987 - 107 - 29 1,004

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, April 30, 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 29 26 65 0 0 ... 121

U.S. Treasury securities2

Holdings 0 37 593 876,120 847,034 626,487 2,350,272

Weekly changes - 1 - 1 + 450 + 19,491 - 13,141 + 1,706 + 8,504

Federal agency debt securities3

Holdings 883 1,955 6,232 33,548 0 2,347 44,965

Weekly changes + 883 - 360 - 523 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 6 3,402 1,628,467 1,631,875

Weekly changes 0 0 0 0 - 52 - 7,207 - 7,259

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 300 0 0 0 0 300

Reverse repurchase agreements6 325,498 0 ... ... ... ... 325,498

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 Apr 30, 2014

Mortgage-backed securities held outright1 1,631,875

Commitments to buy mortgage-backed securities2 49,916

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Apr 30, 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 Apr 30, 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 Apr 30, 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 Apr 30, 2014

Asset-backed securities holdings1 0

Other investments, net 92

Net portfolio holdings of TALF LLC 92

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

Apr 30, 2014 Apr 23, 2014 May 1, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,897 - 6 - 142

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,219,277 + 855 + 982,592

Securities held outright1 4,027,112 + 1,245 + 985,541

U.S. Treasury securities 2,350,272 + 8,504 + 502,289

Bills2 0 0 0

Notes and bonds, nominal2 2,240,389 + 8,410 + 484,731

Notes and bonds, inflation-indexed2 95,389 0 + 15,112

Inflation compensation3 14,494 + 95 + 2,446

Federal agency debt securities2 44,965 0 - 27,088

Mortgage-backed securities4 1,631,875 - 7,259 + 510,340

Unamortized premiums on securities held outright5 209,747 - 328 + 13,403

Unamortized discounts on securities held outright5 -17,703 - 77 - 16,054

Repurchase agreements6 0 0 0

Loans 121 + 15 - 298

Net portfolio holdings of Maiden Lane LLC7 1,654 + 69 + 226

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 92 0 - 301

Items in process of collection (0) 92 + 1 - 499

Bank premises 2,274 + 2 - 22

Central bank liquidity swaps11 300 - 107 - 8,276

Foreign currency denominated assets12 24,225 + 85 + 375

Other assets13 29,917 - 1,188 + 4,903

Total assets (0) 4,296,049 - 290 + 978,855

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

Apr 30, 2014 Apr 23, 2014 May 1, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,228,708 + 1,590 + 88,733

Reverse repurchase agreements14 325,498 + 68,966 + 230,217

Deposits (0) 2,678,265 - 71,222 + 662,998

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,514,438 - 69,277 + 700,834

U.S. Treasury, General Account 148,343 - 1,882 - 36,281

Foreign official 7,826 + 23 - 2,123

Other15 (0) 7,659 - 84 + 568

Deferred availability cash items (0) 863 + 208 - 427

Other liabilities and accrued dividends16 6,588 + 158 - 3,637

Total liabilities (0) 4,239,922 - 300 + 977,885

Capital accounts

Capital paid in 28,064 + 5 + 485

Surplus 28,064 + 5 + 485

Other capital accounts 0 0 0

Total capital 56,127 + 9 + 970

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, April 30, 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 1,897 32 89 122 122 324 231 272 22 46 149 169 319

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,219,277 85,346 2,589,645 101,078 92,119 235,817 233,235 172,447 52,043 25,873 55,583 128,559 447,531

Securities held outright1 4,027,112 81,461 2,471,695 96,477 87,926 225,078 222,616 164,594 49,672 24,680 53,046 122,707 427,160

U.S. Treasury securities 2,350,272 47,542 1,442,511 56,305 51,315 131,358 129,922 96,059 28,989 14,403 30,959 71,613 249,296

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

Notes and bonds3 2,350,272 47,542 1,442,511 56,305 51,315 131,358 129,922 96,059 28,989 14,403 30,959 71,613 249,296

Federal agency debt securities2 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769

Mortgage-backed securities4 1,631,875 33,010 1,001,585 39,095 35,629 91,207 90,209 66,697 20,128 10,001 21,496 49,724 173,095

Unamortized premiums on securities 

held outright5 209,747 4,243 128,735 5,025 4,580 11,723 11,595 8,573 2,587 1,285 2,763 6,391 22,248

Unamortized discounts on securities 

held outright5 -17,703 -358 -10,865 -424 -387 -989 -979 -724 -218 -108 -233 -539 -1,878

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

Loans 121 0 81 0 0 6 3 4 2 16 7 0 1

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 92 0 92 0 0 0 0 0 0 0 0 0 0

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

Bank premises 2,274 122 434 74 109 225 210 200 125 98 245 230 202

Central bank liquidity swaps11 300 14 96 23 24 63 17 8 3 1 3 5 43

Foreign currency denominated assets12 24,225 1,101 7,800 1,820 1,925 5,049 1,392 669 204 102 255 405 3,503

Other assets13 29,917 648 18,001 724 660 1,843 1,657 1,222 445 260 421 922 3,114

Interdistrict settlement account 0 + 17,434 + 5,515 + 3,943 - 5,665 - 1,968 + 13,098 - 21,549 - 8,721 - 2,235 - 5,385 + 685 + 4,847

Total assets 4,296,049 105,245 2,629,354 108,332 89,995 242,589 251,935 154,399 44,548 24,409 51,715 132,138 461,391

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, April 30, 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 1,458,995 44,554 517,594 43,429 61,884 103,627 211,793 91,881 36,699 21,565 38,005 117,587 170,378

Less: Notes held by F.R. Banks 230,287 4,561 78,328 5,533 8,523 11,017 22,968 14,898 4,858 6,004 6,599 35,431 31,565

Federal Reserve notes, net 1,228,708 39,993 439,266 37,896 53,361 92,609 188,825 76,983 31,840 15,560 31,406 82,155 138,813

Reverse repurchase agreements14 325,498 6,584 199,779 7,798 7,107 18,192 17,993 13,304 4,015 1,995 4,288 9,918 34,526

Deposits 2,678,265 55,937 1,968,740 58,167 24,869 119,673 40,790 62,254 8,041 6,331 15,306 38,898 279,258

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 2,514,438 55,935 1,805,174 58,136 24,866 119,479 40,781 62,245 8,040 6,331 15,304 38,896 279,252

U.S. Treasury, General Account 148,343 0 148,343 0 0 0 0 0 0 0 0 0 0

Foreign official 7,826 2 7,798 3 3 8 2 1 0 0 0 1 6

Other15 7,659 1 7,426 27 0 186 6 8 0 0 1 2 1

Deferred availability cash items 863 0 0 0 0 0 691 0 0 171 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,102 39 1,318 47 45 122 120 79 21 12 22 61 216

Other liabilities and accrued

dividends17 4,486 155 1,894 204 202 525 322 253 130 108 112 182 398

Total liabilities 4,239,922 102,709 2,610,998 104,112 85,584 231,123 248,742 152,873 44,046 24,178 51,133 131,214 453,211

Capital

Capital paid in 28,064 1,268 9,178 2,110 2,206 5,733 1,597 763 251 116 291 462 4,090

Surplus 28,064 1,268 9,178 2,110 2,206 5,733 1,597 763 251 116 291 462 4,090

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

Total liabilities and capital 4,296,049 105,245 2,629,354 108,332 89,995 242,589 251,935 154,399 44,548 24,409 51,715 132,138 461,391

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, April 30, 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 Apr 30, 2014

Federal Reserve notes outstanding 1,458,995

Less: Notes held by F.R. Banks not subject to collateralization 230,287

Federal Reserve notes to be collateralized 1,228,708

Collateral held against Federal Reserve notes 1,228,708

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,212,471

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,027,112

Less: Face value of securities under reverse repurchase agreements 310,428

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,716,684

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.