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 November 29, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Wednesday

Nov 27, 2013

Reserve Bank credit 3,882,202 + 25,004 +1,067,873 3,883,130

Securities held outright1 3,660,584 + 25,702 +1,042,996 3,661,892

U.S. Treasury securities 2,158,465 + 14,922 + 513,707 2,163,666

Bills2 0 0 0 0

Notes and bonds, nominal2 2,054,754 + 14,892 + 494,158 2,059,942

Notes and bonds, inflation-indexed2 89,979 0 + 16,635 89,979

Inflation compensation3 13,731 + 28 + 2,913 13,745

Federal agency debt securities2 58,372 - 101 - 20,911 58,372

Mortgage-backed securities4 1,443,747 + 10,882 + 550,200 1,439,854

Unamortized premiums on securities held outright5 207,849 + 644 + 43,712 207,686

Unamortized discounts on securities held outright5 -9,989 - 510 - 8,442 -10,214

Repurchase agreements6 0 0 0 0

Loans 177 + 8 - 798 172

Primary credit 12 + 10 + 1 12

Secondary credit 0 0 0 0

Seasonal credit 67 0 + 43 62

Term Asset-Backed Securities Loan Facility7 98 - 2 - 842 98

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,517 0 + 80 1,517

Net portfolio holdings of Maiden Lane II LLC9 63 - 1 + 2 63

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

Net portfolio holdings of TALF LLC11 110 0 - 746 110

Float -576 + 112 + 154 -650

Central bank liquidity swaps12 272 - 1 - 11,945 272

Other Federal Reserve assets13 22,173 - 952 + 2,860 22,260

Foreign currency denominated assets14 23,873 - 71 - 1,396 23,844

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,446 + 14 + 715 45,446

Total factors supplying reserve funds 3,967,763 + 24,947 +1,067,193 3,968,662

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

Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Wednesday

Nov 27, 2013

Currency in circulation15 1,222,152 + 1,942 + 68,934 1,227,294

Reverse repurchase agreements16 104,160 - 574 + 8,449 107,739

Foreign official and international accounts 100,068 - 2,397 + 4,357 102,018

Others 4,092 + 1,822 + 4,092 5,721

Treasury cash holdings 215 + 7 + 74 224

Deposits with F.R. Banks, other than reserve balances 110,179 + 30,441 + 12,054 81,517

Term deposits held by depository institutions 13,532 + 13,532 + 10,489 13,532

U.S. Treasury, General Account 53,744 + 4,298 + 25,840 45,433

Foreign official 8,736 + 3 + 2,216 8,740

Other 34,167 + 12,608 - 26,491 13,813

Other liabilities and capital17 64,272 - 103 - 3,308 63,501

Total factors, other than reserve balances,

absorbing reserve funds 1,500,978 + 31,714 + 86,203 1,480,275

Reserve balances with Federal Reserve Banks 2,466,785 - 6,767 + 980,990 2,488,387

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

Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Wednesday

Nov 27, 2013

Securities held in custody for foreign official and international

accounts 3,349,319 + 15,008 + 151,266 3,351,355

Marketable U.S. Treasury securities1 2,986,607 + 11,954 + 142,557 2,989,566

Federal agency debt and mortgage-backed securities2 319,627 + 2,794 + 1,667 319,042

Other securities3 43,085 + 259 + 7,042 42,747

Securities lent to dealers 12,091 + 1,118 + 4,778 15,514

Overnight facility4 12,091 + 1,118 + 4,778 15,514

U.S. Treasury securities 10,956 + 1,091 + 4,222 14,317

Federal agency debt securities 1,135 + 27 + 555 1,197

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, November 27, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 67 7 63 35 0 ... 172

U.S. Treasury securities2

Holdings 1 3 472 726,355 871,174 565,661 2,163,666

Weekly changes 0 0 0 + 4,815 + 3,176 + 4,717 + 12,709

Federal agency debt securities3

Holdings 1,151 5,810 12,734 36,268 62 2,347 58,372

Weekly changes + 1,151 - 1,151 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 3 2,552 1,437,299 1,439,854

Weekly changes 0 0 - 1 0 - 35 + 6,004 + 5,968

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 28 244 0 0 0 0 272

Reverse repurchase agreements6 107,739 0 ... ... ... ... 107,739

Term deposits 0 13,532 0 ... ... ... 13,532

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 Nov 27, 2013

Mortgage-backed securities held outright1 1,439,854

Commitments to buy mortgage-backed securities2 66,172

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 17

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 Nov 27, 2013

Net portfolio holdings of Maiden Lane LLC1 1,517

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 September 30, 2013. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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

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

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

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the

net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY,

principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Nov 27, 2013

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 September 30, 2013. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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

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

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S.

securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY,

interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Nov 27, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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

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

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

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on

which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the

purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds

of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to

the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Nov 27, 2013

Asset-backed securities holdings1 0

Other investments, net 110

Net portfolio holdings of TALF LLC 110

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

Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,926 - 35 - 171

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,859,536 + 18,510 +1,085,616

Securities held outright1 3,661,892 + 18,677 +1,052,425

U.S. Treasury securities 2,163,666 + 12,709 + 517,021

Bills2 0 0 0

Notes and bonds, nominal2 2,059,942 + 12,677 + 497,490

Notes and bonds, inflation-indexed2 89,979 0 + 16,635

Inflation compensation3 13,745 + 32 + 2,895

Federal agency debt securities2 58,372 0 - 20,911

Mortgage-backed securities4 1,439,854 + 5,968 + 556,315

Unamortized premiums on securities held outright5 207,686 + 274 + 42,717

Unamortized discounts on securities held outright5 -10,214 - 448 - 8,679

Repurchase agreements6 0 0 0

Loans 172 + 6 - 846

Net portfolio holdings of Maiden Lane LLC7 1,517 0 + 83

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 110 0 - 746

Items in process of collection (0) 89 + 3 - 36

Bank premises 2,294 + 6 - 50

Central bank liquidity swaps11 272 - 1 - 11,940

Foreign currency denominated assets12 23,844 - 69 - 1,469

Other assets13 19,966 + 842 + 3,224

Total assets (0) 3,925,876 + 19,256 +1,074,514

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

Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,183,993 + 7,051 + 73,539

Reverse repurchase agreements14 107,739 + 1,266 + 14,509

Deposits (0) 2,569,904 + 10,648 + 989,011

Term deposits held by depository institutions 13,532 + 13,532 + 10,489

Other deposits held by depository institutions 2,488,387 + 18,207 + 948,872

U.S. Treasury, General Account 45,433 - 2,438 + 29,330

Foreign official 8,740 + 5 + 2,258

Other (0) 13,813 - 18,657 - 1,937

Deferred availability cash items (0) 739 + 63 - 106

Other liabilities and accrued dividends15 8,537 + 162 - 2,222

Total liabilities (0) 3,870,912 + 19,191 +1,074,730

Capital accounts

Capital paid in 27,482 + 32 - 108

Surplus 27,482 + 32 - 108

Other capital accounts 0 0 0

Total capital 54,964 + 65 - 216

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, November 27, 2013

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

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

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

Coin 1,926 33 83 125 128 331 221 278 26 46 143 173 339

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,859,536 100,929 2,140,274 111,824 98,564 239,978 256,378 208,561 62,105 36,637 73,031 149,874 381,382

Securities held outright1 3,661,892 95,755 2,030,669 106,101 93,521 227,699 243,255 197,876 58,921 34,748 69,279 142,200 361,868

U.S. Treasury securities 2,163,666 56,578 1,199,842 62,691 55,258 134,539 143,729 116,917 34,814 20,531 40,934 84,020 213,813

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

Notes and bonds3 2,163,666 56,578 1,199,842 62,691 55,258 134,539 143,729 116,917 34,814 20,531 40,934 84,020 213,813

Federal agency debt securities2 58,372 1,526 32,370 1,691 1,491 3,630 3,878 3,154 939 554 1,104 2,267 5,768

Mortgage-backed securities4 1,439,854 37,651 798,458 41,719 36,772 89,531 95,648 77,805 23,168 13,663 27,240 55,913 142,286

Unamortized premiums on securities 

held outright5 207,686 5,431 115,170 6,018 5,304 12,914 13,796 11,223 3,342 1,971 3,929 8,065 20,523

Unamortized discounts on securities 

held outright5 -10,214 -267 -5,664 -296 -261 -635 -678 -552 -164 -97 -193 -397 -1,009

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

Loans 172 10 98 2 0 0 5 14 7 15 16 5 0

Net portfolio holdings of Maiden

Lane LLC7 1,517 0 1,517 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 110 0 110 0 0 0 0 0 0 0 0 0 0

Items in process of collection 89 0 0 0 0 0 89 0 0 0 0 0 0

Bank premises 2,294 122 435 73 111 228 211 203 127 100 247 232 205

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

Foreign currency denominated assets12 23,844 1,171 7,628 1,844 1,859 5,006 1,358 680 199 100 241 378 3,381

Other assets13 19,966 550 10,539 705 513 1,432 1,326 1,070 370 248 393 883 1,938

Interdistrict settlement account 0 - 32,542 + 238,833 - 17,093 - 7,440 - 35,438 - 52,539 - 54,578 - 18,789 - 15,093 - 26,034 - 37,552 + 58,266

Total assets 3,925,876 70,863 2,405,333 98,105 94,506 212,862 209,134 157,438 44,501 22,319 48,485 115,002 447,329

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, November 27, 2013 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,424,493 46,035 523,230 43,005 59,839 108,212 173,158 91,327 35,794 22,377 37,362 118,102 166,052

Less: Notes held by F.R. Banks 240,501 10,816 57,629 7,078 6,686 10,492 21,690 18,345 3,446 9,805 11,084 52,919 30,510

Federal Reserve notes, net 1,183,993 35,218 465,601 35,928 53,152 97,721 151,468 72,982 32,348 12,571 26,278 65,182 135,542

Reverse repurchase agreements14 107,739 2,817 59,746 3,122 2,752 6,699 7,157 5,822 1,734 1,022 2,038 4,184 10,647

Deposits 2,569,904 30,047 1,858,344 54,548 33,919 96,150 46,158 76,624 9,747 8,168 19,398 44,373 292,429

Term deposits held by depository

institutions 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300

Other deposits held by depository

institutions 2,488,387 30,038 1,780,335 54,519 33,915 95,950 45,646 75,495 9,736 8,067 19,306 44,262 291,118

U.S. Treasury, General Account 45,433 0 45,433 0 0 0 0 0 0 0 0 0 0

Foreign official 8,740 2 8,713 3 3 8 2 1 0 0 0 1 6

Other 13,813 2 13,573 26 0 167 10 23 0 0 1 5 6

Deferred availability cash items 739 0 0 0 0 0 583 0 0 157 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,944 49 1,032 95 47 106 137 114 42 18 34 79 190

Other liabilities and accrued

dividends16 6,594 229 2,945 276 275 714 470 377 169 149 158 273 559

Total liabilities 3,870,912 68,361 2,387,667 93,968 90,144 201,390 205,973 155,919 44,039 22,086 47,906 114,091 439,368

Capital

Capital paid in 27,482 1,251 8,833 2,068 2,181 5,736 1,580 759 231 116 290 455 3,981

Surplus 27,482 1,251 8,833 2,068 2,181 5,736 1,580 759 231 116 290 455 3,981

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

Total liabilities and capital 3,925,876 70,863 2,405,333 98,105 94,506 212,862 209,134 157,438 44,501 22,319 48,485 115,002 447,329

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, November 27, 2013 (continued)

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

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

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

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

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

10. Refer to table 7 and the note on consolidation below.

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

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

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 27, 2013

Federal Reserve notes outstanding 1,424,493

Less: Notes held by F.R. Banks not subject to collateralization 240,501

Federal Reserve notes to be collateralized 1,183,993

Collateral held against Federal Reserve notes 1,183,993

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,167,756

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,661,892

Less: Face value of securities under reverse repurchase agreements 98,627

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,563,266

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.