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 February 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

Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Wednesday

Feb 12, 2014

Reserve Bank credit 4,073,341 + 10,547 +1,081,753 4,076,558

Securities held outright1 3,842,298 + 8,633 +1,065,409 3,844,752

U.S. Treasury securities 2,258,648 + 11,622 + 535,047 2,261,099

Bills2 0 0 0 0

Notes and bonds, nominal2 2,151,717 + 10,639 + 515,404 2,154,170

Notes and bonds, inflation-indexed2 93,583 + 968 + 16,867 93,583

Inflation compensation3 13,347 + 14 + 2,775 13,347

Federal agency debt securities2 51,411 - 3,000 - 23,558 51,411

Mortgage-backed securities4 1,532,240 + 12 + 553,920 1,532,242

Unamortized premiums on securities held outright5 208,541 - 193 + 28,960 208,533

Unamortized discounts on securities held outright5 -14,655 - 477 - 12,978 -14,768

Repurchase agreements6 0 0 0 0

Loans 102 - 6 - 385 101

Primary credit 4 - 1 - 3 0

Secondary credit 0 0 0 0

Seasonal credit 2 - 6 + 1 4

Term Asset-Backed Securities Loan Facility7 96 0 - 384 96

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,579 0 + 175 1,579

Net portfolio holdings of Maiden Lane II LLC9 63 0 + 2 63

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

Net portfolio holdings of TALF LLC11 106 - 2 - 401 106

Float -623 - 109 - 9 -688

Central bank liquidity swaps12 360 + 1 - 4,833 360

Other Federal Reserve assets13 35,547 + 2,700 + 5,812 36,497

Foreign currency denominated assets14 23,908 + 51 - 571 23,862

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,623 + 14 + 751 45,623

Total factors supplying reserve funds 4,159,114 + 10,613 +1,081,934 4,162,285

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

Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Wednesday

Feb 12, 2014

Currency in circulation15 1,231,748 + 3,111 + 69,315 1,235,001

Reverse repurchase agreements16 198,534 + 2,169 + 112,073 192,072

Foreign official and international accounts 97,054 - 2,048 + 10,593 98,046

Others 101,479 + 4,216 + 101,479 94,026

Treasury cash holdings 266 + 5 + 72 268

Deposits with F.R. Banks, other than reserve balances 75,054 - 42,455 - 4,058 71,142

Term deposits held by depository institutions 12,822 0 + 9,786 12,822

U.S. Treasury, General Account 36,410 - 43,671 + 1,502 32,564

Foreign official 7,995 + 24 - 251 7,971

Other 17,826 + 1,191 - 15,096 17,784

Other liabilities and capital17 63,844 + 390 - 1,832 62,017

Total factors, other than reserve balances,

absorbing reserve funds 1,569,445 - 36,780 + 175,569 1,560,500

Reserve balances with Federal Reserve Banks 2,589,669 + 47,393 + 906,365 2,601,785

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

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

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

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

12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

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

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

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

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Wednesday

Feb 12, 2014

Securities held in custody for foreign official and international

accounts 3,313,423 - 10,737 + 13,520 3,307,970

Marketable U.S. Treasury securities1 2,960,915 - 11,239 + 3,011 2,955,526

Federal agency debt and mortgage-backed securities2 307,727 + 592 + 2,627 307,578

Other securities3 44,781 - 90 + 7,883 44,866

Securities lent to dealers 9,694 - 828 - 8,216 10,111

Overnight facility4 9,694 - 828 - 8,216 10,111

U.S. Treasury securities 8,561 - 800 - 8,676 8,960

Federal agency debt securities 1,133 - 28 + 461 1,151

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, February 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 0 4 64 33 0 ... 101

U.S. Treasury securities2

Holdings 1 298 175 778,071 885,261 597,294 2,261,099

Weekly changes 0 0 0 - 1 + 5,237 + 2,890 + 8,126

Federal agency debt securities3

Holdings 0 6,446 8,088 34,468 62 2,347 51,411

Weekly changes 0 0 + 711 - 711 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,701 1,529,536 1,532,242

Weekly changes 0 0 0 0 0 + 11 + 11

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 29 331 0 0 0 0 360

Reverse repurchase agreements6 192,072 0 ... ... ... ... 192,072

Term deposits 12,822 0 0 ... ... ... 12,822

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 Feb 12, 2014

Mortgage-backed securities held outright1 1,532,242

Commitments to buy mortgage-backed securities2 78,950

Commitments to sell mortgage-backed securities2 2,029

Cash and cash equivalents3 1

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 Feb 12, 2014

Net portfolio holdings of Maiden Lane LLC1 1,579

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 Feb 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 Feb 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 Feb 12, 2014

Asset-backed securities holdings1 0

Other investments, net 106

Net portfolio holdings of TALF LLC 106

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

Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,051 + 14 - 173

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,038,618 + 7,656 +1,045,628

Securities held outright1 3,844,752 + 8,137 +1,031,996

U.S. Treasury securities 2,261,099 + 8,126 + 532,622

Bills2 0 0 0

Notes and bonds, nominal2 2,154,170 + 7,142 + 513,772

Notes and bonds, inflation-indexed2 93,583 + 968 + 16,084

Inflation compensation3 13,347 + 16 + 2,766

Federal agency debt securities2 51,411 0 - 23,202

Mortgage-backed securities4 1,532,242 + 11 + 522,576

Unamortized premiums on securities held outright5 208,533 - 99 + 27,072

Unamortized discounts on securities held outright5 -14,768 - 379 - 13,092

Repurchase agreements6 0 0 0

Loans 101 - 2 - 348

Net portfolio holdings of Maiden Lane LLC7 1,579 0 + 178

Net portfolio holdings of Maiden Lane II LLC8 63 0 + 2

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 106 - 2 - 401

Items in process of collection (0) 77 - 48 - 489

Bank premises 2,279 - 1 - 28

Central bank liquidity swaps11 360 + 1 - 4,833

Foreign currency denominated assets12 23,862 - 18 - 634

Other assets13 34,217 + 2,584 + 5,995

Total assets (0) 4,119,474 + 10,189 +1,045,249

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

Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,191,693 + 4,542 + 68,694

Reverse repurchase agreements14 192,072 - 4,042 + 103,017

Deposits (0) 2,672,927 + 10,791 + 877,517

Term deposits held by depository institutions 12,822 0 + 9,786

Other deposits held by depository institutions 2,601,785 + 54,885 + 905,104

U.S. Treasury, General Account 32,564 - 44,859 - 9,794

Foreign official 7,971 0 - 277

Other (0) 17,784 + 764 - 27,303

Deferred availability cash items (0) 765 - 7 - 472

Other liabilities and accrued dividends15 6,212 - 1,759 - 4,332

Total liabilities (0) 4,063,668 + 9,524 +1,044,422

Capital accounts

Capital paid in 27,903 + 332 + 413

Surplus 27,903 + 332 + 413

Other capital accounts 0 0 0

Total capital 55,805 + 664 + 826

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

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

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

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

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, February 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 2,051 38 93 128 138 349 243 289 24 51 158 193 346

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,038,618 105,603 2,239,619 117,013 103,140 251,118 268,273 218,230 64,981 38,325 76,404 156,826 399,086

Securities held outright1 3,844,752 100,536 2,132,072 111,399 98,191 239,070 255,402 207,757 61,863 36,484 72,738 149,301 379,938

U.S. Treasury securities 2,261,099 59,125 1,253,872 65,514 57,746 140,597 150,202 122,182 36,382 21,456 42,778 87,804 223,442

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

Notes and bonds3 2,261,099 59,125 1,253,872 65,514 57,746 140,597 150,202 122,182 36,382 21,456 42,778 87,804 223,442

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 1,532,242 40,067 849,691 44,396 39,132 95,276 101,785 82,797 24,654 14,540 28,988 59,501 151,416

Unamortized premiums on securities 

held outright5 208,533 5,453 115,640 6,042 5,326 12,967 13,853 11,268 3,355 1,979 3,945 8,098 20,607

Unamortized discounts on securities 

held outright5 -14,768 -386 -8,189 -428 -377 -918 -981 -798 -238 -140 -279 -573 -1,459

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

Loans 101 0 96 0 0 0 0 2 0 2 0 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,579 0 1,579 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 106 0 106 0 0 0 0 0 0 0 0 0 0

Items in process of collection 77 0 0 0 0 0 76 0 0 0 0 0 0

Bank premises 2,279 123 430 72 110 227 211 201 126 99 246 231 203

Central bank liquidity swaps11 360 16 116 27 29 75 21 10 3 2 4 6 52

Foreign currency denominated assets12 23,862 1,085 7,676 1,794 1,897 4,975 1,372 659 201 101 251 399 3,453

Other assets13 34,217 935 18,490 1,002 886 2,313 2,294 1,846 625 393 670 1,392 3,371

Interdistrict settlement account 0 - 28,055 + 279,185 - 14,101 - 19,494 - 25,028 - 61,330 - 73,827 - 19,193 - 15,857 - 22,692 - 38,599 + 38,989

Total assets 4,119,474 80,334 2,553,124 106,542 87,454 235,298 213,234 148,623 47,227 23,394 55,504 121,458 447,280

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, February 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 1,384,765 44,495 509,342 40,855 60,061 103,349 167,043 88,049 34,529 20,605 36,600 119,012 160,826

Less: Notes held by F.R. Banks 193,072 4,212 36,741 5,016 6,879 8,001 16,885 13,616 3,210 8,123 10,433 51,600 28,356

Federal Reserve notes, net 1,191,693 40,283 472,601 35,839 53,182 95,348 150,157 74,434 31,318 12,482 26,167 67,412 132,470

Reverse repurchase agreements14 192,072 5,022 106,512 5,565 4,905 11,943 12,759 10,379 3,090 1,823 3,634 7,459 18,981

Deposits 2,672,927 32,325 1,952,835 60,766 24,759 115,964 46,048 61,901 12,174 8,591 24,960 45,391 287,215

Term deposits held by depository

institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855

Other deposits held by depository

institutions 2,601,785 32,322 1,884,949 60,741 24,756 115,771 45,556 60,536 12,143 8,506 24,868 45,284 286,353

U.S. Treasury, General Account 32,564 0 32,564 0 0 0 0 0 0 0 0 0 0

Foreign official 7,971 2 7,944 3 3 8 2 1 0 0 0 1 6

Other 17,784 1 17,577 21 0 164 10 8 0 0 1 2 1

Deferred availability cash items 765 0 0 0 0 0 635 0 0 129 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,427 41 730 40 22 80 115 97 22 19 34 71 157

Other liabilities and accrued

dividends16 4,784 161 2,132 196 189 486 352 293 139 116 123 209 388

Total liabilities 4,063,668 77,832 2,534,810 102,406 83,058 223,821 210,067 147,103 46,744 23,161 54,917 120,541 439,210

Capital

Capital paid in 27,903 1,251 9,157 2,068 2,198 5,739 1,584 760 242 117 293 458 4,035

Surplus 27,903 1,251 9,157 2,068 2,198 5,739 1,584 760 242 117 293 458 4,035

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

Total liabilities and capital 4,119,474 80,334 2,553,124 106,542 87,454 235,298 213,234 148,623 47,227 23,394 55,504 121,458 447,280

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, February 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. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

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

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

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Feb 12, 2014

Federal Reserve notes outstanding 1,384,765

Less: Notes held by F.R. Banks not subject to collateralization 193,072

Federal Reserve notes to be collateralized 1,191,693

Collateral held against Federal Reserve notes 1,191,693

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,175,456

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,844,752

Less: Face value of securities under reverse repurchase agreements 187,273

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,657,479

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.