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 May 29, 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

May 28, 2014 May 21, 2014 May 29, 2013

Wednesday

May 28, 2014

Reserve Bank credit 4,284,618 + 7,748 + 931,925 4,279,648

Securities held outright1 4,066,187 + 6,502 + 937,429 4,062,788

U.S. Treasury securities 2,368,516 + 5,332 + 486,738 2,370,724

Bills2 0 0 0 0

Notes and bonds, nominal2 2,257,287 + 5,162 + 469,762 2,259,446

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

Inflation compensation3 15,161 + 171 + 2,554 15,210

Federal agency debt securities2 44,082 0 - 27,805 44,082

Mortgage-backed securities4 1,653,589 + 1,170 + 478,496 1,647,982

Unamortized premiums on securities held outright5 209,652 - 252 + 8,642 209,412

Unamortized discounts on securities held outright5 -17,917 - 56 - 16,195 -17,958

Repurchase agreements6 0 0 0 0

Loans 148 + 10 - 234 137

Primary credit 15 + 1 + 5 4

Secondary credit 0 0 0 0

Seasonal credit 53 + 9 + 2 54

Term Asset-Backed Securities Loan Facility7 79 - 2 - 242 79

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,656 0 + 228 1,656

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

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

Net portfolio holdings of TALF LLC11 91 0 - 297 91

Float -528 + 83 + 135 -821

Central bank liquidity swaps12 174 - 126 - 1,597 174

Other Federal Reserve assets13 25,070 + 1,587 + 3,816 24,084

Foreign currency denominated assets14 23,977 - 124 + 794 23,954

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,861 + 14 + 788 45,861

Total factors supplying reserve funds 4,370,696 + 7,637 + 933,506 4,365,704

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

May 28, 2014 May 21, 2014 May 29, 2013

Wednesday

May 28, 2014

Currency in circulation15 1,280,449 + 5,018 + 89,724 1,281,792

Reverse repurchase agreements16 292,641 - 19,215 + 206,066 278,205

Foreign official and international accounts 107,672 + 1,279 + 21,097 106,936

Others 184,969 - 20,494 + 184,969 171,269

Treasury cash holdings 203 - 2 + 51 186

Deposits with F.R. Banks, other than reserve balances 103,750 + 50,217 - 12,382 64,720

Term deposits held by depository institutions 27,575 + 27,575 + 17,079 27,575

U.S. Treasury, General Account 33,573 - 4,172 + 20,071 22,950

Foreign official 7,786 - 9 - 3,245 7,788

Other17 34,816 + 26,824 - 46,286 6,406

Other liabilities and capital18 64,453 + 148 + 48 63,503

Total factors, other than reserve balances,

absorbing reserve funds 1,741,497 + 36,167 + 283,508 1,688,406

Reserve balances with Federal Reserve Banks 2,629,199 - 28,530 + 649,999 2,677,298

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

May 28, 2014 May 21, 2014 May 29, 2013

Wednesday

May 28, 2014

Securities held in custody for foreign official and international

accounts 3,278,890 + 6,667 - 35,969 3,276,810

Marketable U.S. Treasury securities1 2,943,337 + 5,927 - 28,780 2,941,814

Federal agency debt and mortgage-backed securities2 293,840 + 1,389 - 10,679 293,465

Other securities3 41,712 - 650 + 3,489 41,530

Securities lent to dealers 9,539 - 279 - 11,703 8,726

Overnight facility4 9,539 - 279 - 11,703 8,726

U.S. Treasury securities 8,497 - 375 - 11,614 7,868

Federal agency debt securities 1,042 + 96 - 89 858

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, May 28, 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 58 15 64 0 0 ... 137

U.S. Treasury securities2

Holdings 37 42 1,999 908,671 826,853 633,122 2,370,724

Weekly changes 0 0 0 + 22 + 2,379 + 1,087 + 3,488

Federal agency debt securities3

Holdings 0 2,520 5,667 33,548 0 2,347 44,082

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 8 3,665 1,644,309 1,647,982

Weekly changes 0 0 0 0 - 59 - 7,774 - 7,833

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 174 0 0 0 0 174

Reverse repurchase agreements6 278,205 0 ... ... ... ... 278,205

Term deposits 27,575 0 0 ... ... ... 27,575

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 May 28, 2014

Mortgage-backed securities held outright1 1,647,982

Commitments to buy mortgage-backed securities2 52,812

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 28

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 May 28, 2014

Net portfolio holdings of Maiden Lane LLC1 1,656

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 May 28, 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 May 28, 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 May 28, 2014

Asset-backed securities holdings1 0

Other investments, net 91

Net portfolio holdings of TALF LLC 91

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through

the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

May 28, 2014 May 21, 2014 May 29, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,864 - 30 - 102

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,254,380 - 4,943 + 935,480

Securities held outright1 4,062,788 - 4,345 + 943,406

U.S. Treasury securities 2,370,724 + 3,488 + 487,165

Bills2 0 0 0

Notes and bonds, nominal2 2,259,446 + 3,327 + 470,158

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

Inflation compensation3 15,210 + 161 + 2,586

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

Mortgage-backed securities4 1,647,982 - 7,833 + 483,048

Unamortized premiums on securities held outright5 209,412 - 523 + 8,588

Unamortized discounts on securities held outright5 -17,958 - 65 - 16,234

Repurchase agreements6 0 0 0

Loans 137 - 10 - 281

Net portfolio holdings of Maiden Lane LLC7 1,656 0 + 232

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 91 0 - 297

Items in process of collection (0) 129 + 40 - 386

Bank premises 2,271 + 2 - 33

Central bank liquidity swaps11 174 - 126 - 1,597

Foreign currency denominated assets12 23,954 - 96 + 716

Other assets13 21,813 + 247 + 3,514

Total assets (0) 4,322,654 - 4,906 + 937,526

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

May 28, 2014 May 21, 2014 May 29, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,237,978 + 4,387 + 88,643

Reverse repurchase agreements14 278,205 - 46,496 + 190,028

Deposits (0) 2,742,018 + 36,781 + 658,685

Term deposits held by depository institutions 27,575 + 27,575 + 17,079

Other deposits held by depository institutions 2,677,298 + 19,165 + 654,709

U.S. Treasury, General Account 22,950 - 8,178 + 8,652

Foreign official 7,788 + 11 - 3,236

Other15 (0) 6,406 - 1,792 - 18,519

Deferred availability cash items (0) 951 + 298 - 676

Other liabilities and accrued dividends16 7,162 + 126 - 289

Total liabilities (0) 4,266,313 - 4,904 + 936,390

Capital accounts

Capital paid in 28,171 - 1 + 569

Surplus 28,171 - 1 + 569

Other capital accounts 0 0 0

Total capital 56,342 - 1 + 1,137

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, May 28, 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 1,864 29 84 119 118 315 218 274 20 45 148 173 322

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,254,380 86,056 2,611,179 101,919 92,885 237,772 235,175 173,888 52,479 26,096 56,047 129,630 451,253

Securities held outright1 4,062,788 82,183 2,493,591 97,332 88,705 227,072 224,589 166,052 50,112 24,898 53,516 123,794 430,944

U.S. Treasury securities 2,370,724 47,956 1,455,064 56,795 51,761 132,501 131,052 96,895 29,241 14,529 31,228 72,237 251,465

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

Notes and bonds3 2,370,724 47,956 1,455,064 56,795 51,761 132,501 131,052 96,895 29,241 14,529 31,228 72,237 251,465

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

Mortgage-backed securities4 1,647,982 33,336 1,011,471 39,481 35,981 92,107 91,099 67,355 20,327 10,099 21,708 50,214 174,803

Unamortized premiums on securities 

held outright5 209,412 4,236 128,530 5,017 4,572 11,704 11,576 8,559 2,583 1,283 2,758 6,381 22,213

Unamortized discounts on securities 

held outright5 -17,958 -363 -11,022 -430 -392 -1,004 -993 -734 -221 -110 -237 -547 -1,905

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

Loans 137 0 80 0 0 0 3 11 6 24 9 3 1

Net portfolio holdings of Maiden

Lane LLC7 1,656 0 1,656 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

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

Items in process of collection 129 0 2 0 0 0 127 0 0 0 0 0 0

Bank premises 2,271 122 431 73 110 224 210 200 125 98 245 230 202

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

Foreign currency denominated assets12 23,954 1,089 7,705 1,801 1,905 4,995 1,377 661 201 101 252 400 3,466

Other assets13 21,813 473 12,960 649 474 1,365 1,191 878 310 198 307 774 2,235

Interdistrict settlement account 0 + 18,234 + 12,655 + 4,197 - 5,140 - 12,101 + 13,114 - 19,014 - 9,945 - 2,788 - 3,589 - 243 + 4,621

Total assets 4,322,654 106,560 2,652,846 109,319 91,066 233,843 253,426 158,022 43,620 24,014 53,855 132,129 463,955

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, May 28, 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 1,457,943 45,466 510,816 43,514 63,143 105,095 213,076 92,982 36,645 21,679 37,874 116,863 170,789

Less: Notes held by F.R. Banks 219,966 4,735 72,605 5,897 8,933 11,317 22,042 14,950 4,719 5,666 6,264 32,157 30,680

Federal Reserve notes, net 1,237,978 40,731 438,211 37,618 54,211 93,777 191,034 78,033 31,926 16,013 31,610 84,706 140,109

Reverse repurchase agreements14 278,205 5,628 170,752 6,665 6,074 15,549 15,379 11,371 3,431 1,705 3,665 8,477 29,509

Deposits 2,742,018 57,460 2,021,855 60,493 26,086 112,307 42,469 66,753 7,616 5,856 17,850 37,765 285,508

Term deposits held by depository

institutions 27,575 10 20,973 0 0 20 305 3,006 20 42 89 205 2,906

Other deposits held by depository

institutions 2,677,298 57,428 1,963,961 60,464 26,083 112,129 42,155 63,757 7,595 5,814 17,759 37,557 282,596

U.S. Treasury, General Account 22,950 0 22,950 0 0 0 0 0 0 0 0 0 0

Foreign official 7,788 2 7,761 3 3 8 2 1 0 0 0 1 6

Other15 6,406 20 6,210 26 0 150 7 -12 0 0 1 3 1

Deferred availability cash items 951 0 0 0 0 0 866 0 0 85 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,965 34 1,242 41 37 86 112 80 26 13 26 64 205

Other liabilities and accrued

dividends17 5,197 172 2,404 222 220 592 347 259 126 111 120 190 433

Total liabilities 4,266,313 104,024 2,634,463 105,039 86,627 222,311 250,208 156,495 43,125 23,783 53,270 131,202 455,764

Capital

Capital paid in 28,171 1,268 9,191 2,140 2,219 5,766 1,609 764 247 115 293 464 4,095

Surplus 28,171 1,268 9,191 2,140 2,219 5,766 1,609 764 247 115 293 464 4,095

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

Total liabilities and capital 4,322,654 106,560 2,652,846 109,319 91,066 233,843 253,426 158,022 43,620 24,014 53,855 132,129 463,955

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, May 28, 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 May 28, 2014

Federal Reserve notes outstanding 1,457,943

Less: Notes held by F.R. Banks not subject to collateralization 219,966

Federal Reserve notes to be collateralized 1,237,978

Collateral held against Federal Reserve notes 1,237,978

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,221,741

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,062,788

Less: Face value of securities under reverse repurchase agreements 271,883

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,790,904

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.