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 March 13, 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

Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Wednesday

Mar 12, 2014

Reserve Bank credit 4,134,543 + 11,160 +1,049,838 4,138,150

Securities held outright1 3,914,509 + 8,767 +1,045,203 3,917,478

U.S. Treasury securities 2,292,975 + 8,744 + 525,918 2,295,938

Bills2 0 0 0 0

Notes and bonds, nominal2 2,185,904 + 8,641 + 507,109 2,188,835

Notes and bonds, inflation-indexed2 93,608 + 3 + 15,912 93,608

Inflation compensation3 13,462 + 99 + 2,895 13,495

Federal agency debt securities2 51,411 0 - 22,177 51,411

Mortgage-backed securities4 1,570,123 + 23 + 541,463 1,570,129

Unamortized premiums on securities held outright5 208,912 - 329 + 22,695 208,797

Unamortized discounts on securities held outright5 -16,113 - 364 - 14,447 -16,282

Repurchase agreements6 0 0 0 0

Loans 105 + 5 - 287 104

Primary credit 6 + 2 0 4

Secondary credit 0 0 0 0

Seasonal credit 5 + 3 + 5 6

Term Asset-Backed Securities Loan Facility7 95 0 - 291 95

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,582 + 1 + 187 1,585

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 105 - 1 - 294 105

Float -675 - 26 - 85 -731

Central bank liquidity swaps12 457 - 1 - 7,531 457

Other Federal Reserve assets13 25,576 + 3,110 + 4,397 26,550

Foreign currency denominated assets14 24,110 - 23 + 339 24,186

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,679 + 14 + 749 45,679

Total factors supplying reserve funds 4,220,574 + 11,152 +1,050,927 4,224,256

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

Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Wednesday

Mar 12, 2014

Currency in circulation15 1,260,110 + 6,321 + 85,133 1,262,007

Reverse repurchase agreements16 159,583 - 38,602 + 68,278 161,627

Foreign official and international accounts 96,786 - 3,276 + 5,481 95,427

Others 62,797 - 35,326 + 62,797 66,200

Treasury cash holdings 272 + 2 + 47 278

Deposits with F.R. Banks, other than reserve balances 84,798 + 20,053 + 9,064 74,952

Term deposits held by depository institutions 13,542 + 13,542 + 13,542 13,542

U.S. Treasury, General Account 56,141 + 10,747 + 13,141 42,797

Foreign official 6,844 - 1,130 - 758 6,570

Other17 8,270 - 3,108 - 16,862 12,043

Other liabilities and capital18 63,790 + 965 - 2,660 62,705

Total factors, other than reserve balances,

absorbing reserve funds 1,568,553 - 11,261 + 159,862 1,561,570

Reserve balances with Federal Reserve Banks 2,652,021 + 22,413 + 891,065 2,662,686

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

Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Wednesday

Mar 12, 2014

Securities held in custody for foreign official and international

accounts 3,273,729 - 47,579 - 17,444 3,206,307

Marketable U.S. Treasury securities1 2,921,999 - 46,596 - 34,028 2,855,397

Federal agency debt and mortgage-backed securities2 306,573 - 661 + 9,742 306,301

Other securities3 45,156 - 324 + 6,842 44,609

Securities lent to dealers 11,672 + 1,681 - 3,290 12,723

Overnight facility4 11,672 + 1,681 - 3,290 12,723

U.S. Treasury securities 10,258 + 1,530 - 3,770 11,374

Federal agency debt securities 1,413 + 150 + 479 1,349

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, March 12, 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 4 6 95 0 0 ... 104

U.S. Treasury securities2

Holdings 0 40 141 828,168 859,084 608,506 2,295,938

Weekly changes 0 0 0 + 12 + 5,030 + 2,444 + 7,485

Federal agency debt securities3

Holdings 4,068 3,261 7,205 34,468 62 2,347 51,411

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,940 1,567,183 1,570,129

Weekly changes 0 0 0 0 0 + 10 + 10

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 100 357 0 0 0 0 457

Reverse repurchase agreements6 161,627 0 ... ... ... ... 161,627

Term deposits 13,542 0 0 ... ... ... 13,542

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 Mar 12, 2014

Mortgage-backed securities held outright1 1,570,129

Commitments to buy mortgage-backed securities2 67,843

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 11

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 Mar 12, 2014

Net portfolio holdings of Maiden Lane LLC1 1,585

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 December 31, 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 Mar 12, 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 December 31, 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 Mar 12, 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 December 31, 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 Mar 12, 2014

Asset-backed securities holdings1 0

Other investments, net 105

Net portfolio holdings of TALF LLC 105

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

Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,967 - 22 - 182

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,110,098 + 6,851 +1,019,216

Securities held outright1 3,917,478 + 7,496 +1,013,035

U.S. Treasury securities 2,295,938 + 7,485 + 525,951

Bills2 0 0 0

Notes and bonds, nominal2 2,188,835 + 7,396 + 508,469

Notes and bonds, inflation-indexed2 93,608 0 + 14,729

Inflation compensation3 13,495 + 89 + 2,753

Federal agency debt securities2 51,411 0 - 22,177

Mortgage-backed securities4 1,570,129 + 10 + 509,260

Unamortized premiums on securities held outright5 208,797 - 318 + 21,079

Unamortized discounts on securities held outright5 -16,282 - 331 - 14,605

Repurchase agreements6 0 0 0

Loans 104 + 3 - 293

Net portfolio holdings of Maiden Lane LLC7 1,585 + 4 + 183

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 105 - 1 - 294

Items in process of collection (0) 91 - 8 - 483

Bank premises 2,275 + 1 - 27

Central bank liquidity swaps11 457 - 1 - 7,531

Foreign currency denominated assets12 24,186 + 150 + 491

Other assets13 24,275 + 2,626 + 4,593

Total assets (0) 4,181,361 + 9,599 +1,015,965

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

Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,218,569 + 3,495 + 85,274

Reverse repurchase agreements14 161,627 - 11,099 + 69,437

Deposits (0) 2,737,638 + 17,418 + 865,599

Term deposits held by depository institutions 13,542 + 13,542 + 13,542

Other deposits held by depository institutions 2,662,686 + 3,617 + 860,097

U.S. Treasury, General Account 42,797 - 2,947 + 14,349

Foreign official 6,570 - 1,402 - 1,030

Other15 (0) 12,043 + 4,608 - 21,360

Deferred availability cash items (0) 822 - 91 - 397

Other liabilities and accrued dividends16 6,629 - 126 - 4,933

Total liabilities (0) 4,125,285 + 9,597 +1,014,980

Capital accounts

Capital paid in 28,038 + 1 + 492

Surplus 28,038 + 1 + 492

Other capital accounts 0 0 0

Total capital 56,076 + 2 + 985

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, March 12, 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 11,037 391 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 1,967 38 95 125 130 337 221 279 18 48 154 180 342

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,110,098 107,472 2,279,255 119,084 104,965 255,563 273,021 222,093 66,132 39,005 77,758 159,601 406,149

Securities held outright1 3,917,478 102,438 2,172,402 113,506 100,048 243,592 260,233 211,687 63,033 37,174 74,114 152,125 387,125

U.S. Treasury securities 2,295,938 60,036 1,273,192 66,523 58,636 142,763 152,516 124,064 36,942 21,787 43,437 89,157 226,885

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

Notes and bonds3 2,295,938 60,036 1,273,192 66,523 58,636 142,763 152,516 124,064 36,942 21,787 43,437 89,157 226,885

Federal agency debt securities2 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080

Mortgage-backed securities4 1,570,129 41,057 870,701 45,493 40,099 97,632 104,302 84,844 25,264 14,899 29,705 60,972 155,160

Unamortized premiums on securities 

held outright5 208,797 5,460 115,787 6,050 5,332 12,983 13,870 11,283 3,360 1,981 3,950 8,108 20,633

Unamortized discounts on securities 

held outright5 -16,282 -426 -9,029 -472 -416 -1,012 -1,082 -880 -262 -154 -308 -632 -1,609

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

Loans 104 0 95 0 0 0 0 3 1 5 1 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,585 0 1,585 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 105 0 105 0 0 0 0 0 0 0 0 0 0

Items in process of collection 91 0 0 0 0 0 91 0 0 0 0 0 0

Bank premises 2,275 123 428 72 110 227 211 201 126 99 246 230 203

Central bank liquidity swaps11 457 21 147 34 36 95 26 13 4 2 5 8 66

Foreign currency denominated assets12 24,186 1,100 7,780 1,818 1,923 5,043 1,390 668 203 102 255 404 3,499

Other assets13 24,275 662 13,111 829 615 1,658 1,599 1,285 435 290 471 973 2,346

Interdistrict settlement account 0 - 23,549 + 247,731 - 3,490 - 18,033 - 30,464 - 62,055 - 70,800 - 18,984 - 15,797 - 26,939 - 32,038 + 54,418

Total assets 4,181,361 86,454 2,556,065 119,079 90,495 233,728 216,580 154,954 48,394 24,030 52,411 130,368 468,803

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, March 12, 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 1,398,834 44,167 515,605 42,543 60,541 102,807 167,958 88,157 36,242 20,967 36,957 118,770 164,121

Less: Notes held by F.R. Banks 180,265 3,513 35,920 3,931 7,390 8,828 15,662 12,989 3,972 7,312 9,717 42,919 28,111

Federal Reserve notes, net 1,218,569 40,653 479,684 38,612 53,150 93,979 152,296 75,168 32,270 13,655 27,240 75,851 136,010

Reverse repurchase agreements14 161,627 4,226 89,629 4,683 4,128 10,050 10,737 8,734 2,601 1,534 3,058 6,276 15,972

Deposits 2,737,638 38,822 1,965,349 71,297 28,559 117,581 49,215 69,146 12,871 8,320 21,362 47,044 308,071

Term deposits held by depository

institutions 13,542 10 10,710 0 0 15 955 1,355 40 52 0 205 200

Other deposits held by depository

institutions 2,662,686 38,809 1,893,421 71,264 28,556 117,441 48,251 67,783 12,831 8,268 21,361 46,837 307,864

U.S. Treasury, General Account 42,797 0 42,797 0 0 0 0 0 0 0 0 0 0

Foreign official 6,570 2 6,543 3 3 8 2 1 0 0 0 1 6

Other15 12,043 1 11,878 30 0 117 6 7 0 0 1 1 1

Deferred availability cash items 822 0 0 0 0 0 671 0 0 151 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,226 58 1,228 71 61 153 143 117 34 22 42 81 217

Other liabilities and accrued

dividends17 4,403 162 1,832 196 191 491 335 269 135 115 118 195 363

Total liabilities 4,125,285 83,921 2,537,722 114,860 86,090 222,253 213,396 153,434 47,910 23,796 51,820 129,448 460,633

Capital

Capital paid in 28,038 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 460 4,085

Surplus 28,038 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 460 4,085

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

Total liabilities and capital 4,181,361 86,454 2,556,065 119,079 90,495 233,728 216,580 154,954 48,394 24,030 52,411 130,368 468,803

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, March 12, 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 Mar 12, 2014

Federal Reserve notes outstanding 1,398,834

Less: Notes held by F.R. Banks not subject to collateralization 180,265

Federal Reserve notes to be collateralized 1,218,569

Collateral held against Federal Reserve notes 1,218,569

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,202,332

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,917,478

Less: Face value of securities under reverse repurchase agreements 157,439

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,760,039

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.