FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 19, 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

Jun 18, 2014 Jun 11, 2014 Jun 19, 2013

Wednesday

Jun 18, 2014

Reserve Bank credit 4,322,422 + 28,764 + 904,046 4,325,414

Securities held outright1 4,100,489 + 26,286 + 910,418 4,103,522

U.S. Treasury securities 2,388,517 + 6,385 + 476,302 2,391,477

Bills2 0 0 0 0

Notes and bonds, nominal2 2,276,268 + 5,586 + 459,700 2,279,078

Notes and bonds, inflation-indexed2 96,671 + 603 + 13,645 96,771

Inflation compensation3 15,578 + 196 + 2,957 15,628

Federal agency debt securities2 44,022 - 60 - 26,669 43,659

Mortgage-backed securities4 1,667,951 + 19,962 + 460,786 1,668,386

Unamortized premiums on securities held outright5 209,832 + 648 + 6,901 209,801

Unamortized discounts on securities held outright5 -18,311 - 80 - 16,216 -18,343

Repurchase agreements6 0 0 0 0

Loans 167 - 2 - 191 168

Primary credit 18 + 9 - 7 9

Secondary credit 0 0 0 0

Seasonal credit 100 + 19 + 37 110

Term Asset-Backed Securities Loan Facility7 50 - 29 - 219 50

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,654 0 + 230 1,654

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

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

Net portfolio holdings of TALF LLC11 90 0 - 191 90

Float -616 - 17 + 130 -621

Central bank liquidity swaps12 176 + 2 - 1,596 176

Other Federal Reserve assets13 28,857 + 1,928 + 4,563 28,883

Foreign currency denominated assets14 23,882 - 25 - 411 23,894

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,912 + 14 + 796 45,912

Total factors supplying reserve funds 4,408,457 + 28,753 + 904,432 4,411,462

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

Jun 18, 2014 Jun 11, 2014 Jun 19, 2013

Wednesday

Jun 18, 2014

Currency in circulation15 1,278,848 - 750 + 90,351 1,279,629

Reverse repurchase agreements16 176,156 - 30,762 + 85,024 191,425

Foreign official and international accounts 104,406 + 2,045 + 13,274 103,037

Others 71,750 - 32,807 + 71,750 88,388

Treasury cash holdings 178 - 10 + 53 164

Deposits with F.R. Banks, other than reserve balances 184,260 + 65,430 + 19,897 239,323

Term deposits held by depository institutions 77,769 + 18,667 + 67,273 77,769

U.S. Treasury, General Account 84,475 + 37,554 + 5,346 147,619

Foreign official 5,951 - 264 - 3,724 5,951

Other17 16,064 + 9,472 - 48,999 7,984

Other liabilities and capital18 65,090 + 430 - 502 63,337

Total factors, other than reserve balances,

absorbing reserve funds 1,704,532 + 34,338 + 194,822 1,773,877

Reserve balances with Federal Reserve Banks 2,703,925 - 5,585 + 709,610 2,637,585

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

Jun 18, 2014 Jun 11, 2014 Jun 19, 2013

Wednesday

Jun 18, 2014

Securities held in custody for foreign official and international

accounts 3,306,417 - 1,641 + 4,015 3,313,624

Marketable U.S. Treasury securities1 2,972,216 - 136 + 8,460 2,980,503

Federal agency debt and mortgage-backed securities2 292,645 - 1,595 - 7,746 291,615

Other securities3 41,556 + 89 + 3,300 41,507

Securities lent to dealers 12,690 + 436 - 1,899 13,565

Overnight facility4 12,690 + 436 - 1,899 13,565

U.S. Treasury securities 11,651 + 203 - 1,979 12,541

Federal agency debt securities 1,040 + 233 + 81 1,024

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, June 18, 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 103 31 34 0 0 ... 168

U.S. Treasury securities2

Holdings 1 46 1,995 931,877 816,861 640,697 2,391,477

Weekly changes + 1 - 1 + 1 + 2,709 + 12 + 2,955 + 5,676

Federal agency debt securities3

Holdings 0 3,653 4,111 33,548 0 2,347 43,659

Weekly changes - 423 + 1,556 - 1,556 0 0 0 - 423

Mortgage-backed securities4

Holdings 0 0 0 10 3,783 1,664,593 1,668,386

Weekly changes 0 0 0 + 1 + 87 + 20,295 + 20,383

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 52 124 0 0 0 0 176

Reverse repurchase agreements6 191,425 0 ... ... ... ... 191,425

Term deposits 77,769 0 0 ... ... ... 77,769

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 Jun 18, 2014

Mortgage-backed securities held outright1 1,668,386

Commitments to buy mortgage-backed securities2 51,480

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 63

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 Jun 18, 2014

Net portfolio holdings of Maiden Lane LLC1 1,654

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Jun 18, 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 Jun 18, 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 Jun 18, 2014

Asset-backed securities holdings1 0

Other investments, net 90

Net portfolio holdings of TALF LLC 90

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

Jun 18, 2014 Jun 11, 2014 Jun 19, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,896 + 16 - 89

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,295,147 + 26,246 + 895,245

Securities held outright1 4,103,522 + 25,636 + 905,178

U.S. Treasury securities 2,391,477 + 5,676 + 472,771

Bills2 0 0 0

Notes and bonds, nominal2 2,279,078 + 4,758 + 456,011

Notes and bonds, inflation-indexed2 96,771 + 703 + 13,745

Inflation compensation3 15,628 + 214 + 3,016

Federal agency debt securities2 43,659 - 423 - 26,999

Mortgage-backed securities4 1,668,386 + 20,383 + 459,405

Unamortized premiums on securities held outright5 209,801 + 700 + 6,483

Unamortized discounts on securities held outright5 -18,343 - 74 - 16,220

Repurchase agreements6 0 0 0

Loans 168 - 15 - 196

Net portfolio holdings of Maiden Lane LLC7 1,654 0 + 235

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 90 0 - 191

Items in process of collection (0) 106 + 22 - 9

Bank premises 2,263 + 1 - 36

Central bank liquidity swaps11 176 + 2 - 1,596

Foreign currency denominated assets12 23,894 + 20 - 398

Other assets13 26,621 + 958 + 4,479

Total assets (0) 4,368,168 + 27,264 + 897,638

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

Jun 18, 2014 Jun 11, 2014 Jun 19, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,235,772 - 289 + 88,895

Reverse repurchase agreements14 191,425 - 21,711 + 103,058

Deposits (0) 2,876,908 + 49,690 + 706,617

Term deposits held by depository institutions 77,769 + 18,667 + 67,273

Other deposits held by depository institutions 2,637,585 - 71,657 + 709,187

U.S. Treasury, General Account 147,619 + 105,199 + 30,332

Foreign official 5,951 + 5 - 4,139

Other15 (0) 7,984 - 2,524 - 96,036

Deferred availability cash items (0) 727 + 29 - 154

Other liabilities and accrued dividends16 7,024 - 457 - 2,114

Total liabilities (0) 4,311,856 + 27,263 + 896,302

Capital accounts

Capital paid in 28,156 + 1 + 668

Surplus 28,156 + 1 + 668

Other capital accounts 0 0 0

Total capital 56,312 + 2 + 1,336

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, June 18, 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 1,896 33 83 120 119 319 223 276 23 47 151 179 322

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,295,147 86,880 2,636,153 102,895 93,774 240,049 237,440 175,554 52,997 26,363 56,583 130,876 455,582

Securities held outright1 4,103,522 83,007 2,518,592 98,308 89,594 229,349 226,840 167,717 50,614 25,148 54,053 125,035 435,265

U.S. Treasury securities 2,391,477 48,375 1,467,801 57,293 52,214 133,661 132,199 97,743 29,497 14,656 31,501 72,869 253,666

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

Notes and bonds3 2,391,477 48,375 1,467,801 57,293 52,214 133,661 132,199 97,743 29,497 14,656 31,501 72,869 253,666

Federal agency debt securities2 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631

Mortgage-backed securities4 1,668,386 33,749 1,023,995 39,969 36,427 93,247 92,227 68,189 20,578 10,224 21,977 50,836 176,967

Unamortized premiums on securities 

held outright5 209,801 4,244 128,768 5,026 4,581 11,726 11,598 8,575 2,588 1,286 2,764 6,393 22,254

Unamortized discounts on securities 

held outright5 -18,343 -371 -11,259 -439 -401 -1,025 -1,014 -750 -226 -112 -242 -559 -1,946

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

Loans 168 0 52 0 0 0 16 13 22 42 8 7 10

Net portfolio holdings of Maiden

Lane LLC7 1,654 0 1,654 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 90 0 90 0 0 0 0 0 0 0 0 0 0

Items in process of collection 106 0 0 0 0 0 105 0 0 0 0 0 0

Bank premises 2,263 122 430 74 110 225 210 199 125 98 244 227 202

Central bank liquidity swaps11 176 8 57 13 14 37 10 5 1 1 2 3 25

Foreign currency denominated assets12 23,894 1,087 7,686 1,796 1,900 4,982 1,374 660 201 101 251 399 3,457

Other assets13 26,621 575 16,018 641 583 1,652 1,457 1,077 380 231 372 877 2,759

Interdistrict settlement account 0 + 19,677 + 65,943 - 1,356 - 9,551 - 16,842 + 3,510 - 27,710 - 11,964 - 3,894 - 6,926 - 7,078 - 3,810

Total assets 4,368,168 108,929 2,734,140 104,730 87,651 231,658 246,332 151,190 42,191 23,210 51,122 126,645 460,369

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, June 18, 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 1,454,323 45,259 505,550 43,176 64,008 105,294 212,906 93,015 36,669 21,634 37,648 116,290 172,874

Less: Notes held by F.R. Banks 218,552 4,905 68,609 6,286 9,647 11,512 22,420 15,508 5,237 5,332 6,156 32,240 30,700

Federal Reserve notes, net 1,235,772 40,354 436,941 36,889 54,361 93,782 190,485 77,507 31,433 16,302 31,492 84,050 142,174

Reverse repurchase agreements14 191,425 3,872 117,490 4,586 4,179 10,699 10,582 7,824 2,361 1,173 2,522 5,833 20,305

Deposits 2,876,908 61,922 2,158,153 58,742 24,385 114,922 40,976 63,962 7,737 5,216 16,362 35,560 288,969

Term deposits held by depository

institutions 77,769 0 69,072 0 25 20 375 5,130 65 43 4 200 2,835

Other deposits held by depository

institutions 2,637,585 61,920 1,927,719 58,703 24,357 114,782 40,591 58,825 7,671 5,173 16,357 35,359 286,128

U.S. Treasury, General Account 147,619 0 147,619 0 0 0 0 0 0 0 0 0 0

Foreign official 5,951 2 5,923 3 3 8 2 1 0 0 0 1 6

Other15 7,984 1 7,819 36 0 112 7 7 0 0 1 1 1

Deferred availability cash items 727 0 0 0 0 0 573 0 0 155 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,064 36 1,279 45 46 113 118 82 25 11 26 64 219

Other liabilities and accrued

dividends17 4,960 186 1,891 242 240 616 384 287 141 118 135 210 511

Total liabilities 4,311,856 106,371 2,715,753 100,504 83,212 220,131 243,117 149,663 41,696 22,976 50,536 125,717 452,178

Capital

Capital paid in 28,156 1,279 9,194 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095

Surplus 28,156 1,279 9,194 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095

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

Total liabilities and capital 4,368,168 108,929 2,734,140 104,730 87,651 231,658 246,332 151,190 42,191 23,210 51,122 126,645 460,369

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, June 18, 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 Jun 18, 2014

Federal Reserve notes outstanding 1,454,323

Less: Notes held by F.R. Banks not subject to collateralization 218,552

Federal Reserve notes to be collateralized 1,235,772

Collateral held against Federal Reserve notes 1,235,772

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,219,535

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,103,522

Less: Face value of securities under reverse repurchase agreements 188,332

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,915,190

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.