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 December 26, 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

Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Wednesday

Dec 25, 2013

Reserve Bank credit 3,985,589 + 27,103 +1,107,187 3,989,373

Securities held outright1 3,759,255 + 26,373 +1,084,395 3,762,993

U.S. Treasury securities 2,204,930 + 12,670 + 548,264 2,208,829

Bills2 0 0 0 0

Notes and bonds, nominal2 2,099,952 + 12,733 + 528,966 2,103,872

Notes and bonds, inflation-indexed2 91,379 0 + 16,639 91,379

Inflation compensation3 13,599 - 63 + 2,658 13,578

Federal agency debt securities2 57,221 0 - 19,919 57,221

Mortgage-backed securities4 1,497,105 + 13,704 + 556,051 1,496,943

Unamortized premiums on securities held outright5 209,208 + 340 + 38,335 209,102

Unamortized discounts on securities held outright5 -12,112 - 708 - 10,550 -12,372

Repurchase agreements6 0 0 0 0

Loans 193 + 25 - 447 192

Primary credit 27 + 21 + 10 25

Secondary credit 0 0 0 0

Seasonal credit 69 + 5 + 39 70

Term Asset-Backed Securities Loan Facility7 97 - 1 - 496 97

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,525 + 5 + 97 1,541

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 109 0 - 747 109

Float -627 - 7 + 17 -1,052

Central bank liquidity swaps12 273 0 - 8,616 273

Other Federal Reserve assets13 27,679 + 1,074 + 4,702 28,503

Foreign currency denominated assets14 23,797 - 160 - 1,445 23,786

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,516 + 14 + 767 45,516

Total factors supplying reserve funds 4,071,143 + 26,956 +1,106,510 4,074,916

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

Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Wednesday

Dec 25, 2013

Currency in circulation15 1,235,884 + 6,160 + 72,341 1,238,524

Reverse repurchase agreements16 134,340 + 18,477 + 32,980 151,257

Foreign official and international accounts 104,595 + 4,444 + 3,235 109,012

Others 29,745 + 14,033 + 29,745 42,245

Treasury cash holdings 230 + 3 + 82 234

Deposits with F.R. Banks, other than reserve balances 162,479 + 49,756 + 33,547 169,603

Term deposits held by depository institutions 0 - 13,532 0 0

U.S. Treasury, General Account 99,122 + 28,550 + 43,559 93,893

Foreign official 7,989 + 6 + 1,826 7,980

Other 55,368 + 34,732 - 11,838 67,731

Other liabilities and capital17 64,056 - 293 - 3,112 64,567

Total factors, other than reserve balances,

absorbing reserve funds 1,596,989 + 74,103 + 135,838 1,624,186

Reserve balances with Federal Reserve Banks 2,474,155 - 47,145 + 970,673 2,450,730

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

Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Wednesday

Dec 25, 2013

Securities held in custody for foreign official and international

accounts 3,374,245 - 5,511 + 137,884 3,364,098

Marketable U.S. Treasury securities1 3,017,924 - 3,099 + 130,333 3,007,980

Federal agency debt and mortgage-backed securities2 312,922 - 2,525 + 164 312,705

Other securities3 43,399 + 114 + 7,388 43,413

Securities lent to dealers 13,097 + 1,851 + 4,426 13,112

Overnight facility4 13,097 + 1,851 + 4,426 13,112

U.S. Treasury securities 12,061 + 1,810 + 4,104 12,036

Federal agency debt securities 1,037 + 42 + 323 1,076

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, December 25, 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 95 0 64 33 0 ... 192

U.S. Treasury securities2

Holdings 1 297 177 750,641 877,403 580,310 2,208,829

Weekly changes 0 0 0 + 2,633 + 5,797 + 3,107 + 11,537

Federal agency debt securities3

Holdings 1,564 8,314 8,666 36,268 62 2,347 57,221

Weekly changes + 1,564 - 1,564 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,581 1,494,357 1,496,943

Weekly changes 0 0 0 0 0 + 11,537 + 11,536

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 114 159 0 0 0 0 273

Reverse repurchase agreements6 151,257 0 ... ... ... ... 151,257

Term deposits 0 0 0 ... ... ... 0

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 Dec 25, 2013

Mortgage-backed securities held outright1 1,496,943

Commitments to buy mortgage-backed securities2 51,586

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 22

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 Dec 25, 2013

Net portfolio holdings of Maiden Lane LLC1 1,541

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 Dec 25, 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 Dec 25, 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 Dec 25, 2013

Asset-backed securities holdings1 0

Other investments, net 109

Net portfolio holdings of TALF LLC 109

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

Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,963 - 1 - 151

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,959,914 + 22,643 +1,129,844

Securities held outright1 3,762,993 + 23,074 +1,102,722

U.S. Treasury securities 2,208,829 + 11,537 + 551,899

Bills2 0 0 0

Notes and bonds, nominal2 2,103,872 + 11,598 + 532,620

Notes and bonds, inflation-indexed2 91,379 0 + 16,639

Inflation compensation3 13,578 - 61 + 2,640

Federal agency debt securities2 57,221 0 - 19,562

Mortgage-backed securities4 1,496,943 + 11,536 + 570,385

Unamortized premiums on securities held outright5 209,102 + 220 + 38,358

Unamortized discounts on securities held outright5 -12,372 - 661 - 10,813

Repurchase agreements6 0 0 0

Loans 192 + 11 - 421

Net portfolio holdings of Maiden Lane LLC7 1,541 + 22 + 129

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 109 0 - 747

Items in process of collection (0) 161 + 62 + 15

Bank premises 2,290 + 3 - 49

Central bank liquidity swaps11 273 0 - 8,616

Foreign currency denominated assets12 23,786 - 190 - 1,363

Other assets13 26,216 + 1,973 + 6,211

Total assets (0) 4,032,575 + 24,513 +1,125,275

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

Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,195,201 + 6,025 + 70,623

Reverse repurchase agreements14 151,257 + 39,291 + 51,404

Deposits (0) 2,620,337 - 22,744 +1,003,080

Term deposits held by depository institutions 0 - 13,532 0

Other deposits held by depository institutions 2,450,733 - 15,199 + 918,046

U.S. Treasury, General Account 93,893 - 23,105 + 38,214

Foreign official 7,980 + 7 + 1,817

Other (0) 67,731 + 29,085 + 45,002

Deferred availability cash items (0) 1,214 + 421 + 385

Other liabilities and accrued dividends15 9,549 + 1,488 - 507

Total liabilities (0) 3,977,557 + 24,480 +1,124,985

Capital accounts

Capital paid in 27,509 + 17 + 145

Surplus 27,509 + 17 + 145

Other capital accounts 0 0 0

Total capital 55,018 + 34 + 290

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, December 25, 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 1,963 36 82 123 131 338 238 282 19 48 152 181 333

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,959,914 103,545 2,195,925 114,730 101,127 246,232 263,045 213,993 63,721 37,597 74,930 153,766 391,304

Securities held outright1 3,762,993 98,398 2,086,734 109,030 96,103 233,986 249,971 203,339 60,548 35,708 71,192 146,126 371,859

U.S. Treasury securities 2,208,829 57,759 1,224,886 63,999 56,411 137,347 146,730 119,357 35,541 20,960 41,789 85,774 218,276

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

Notes and bonds3 2,208,829 57,759 1,224,886 63,999 56,411 137,347 146,730 119,357 35,541 20,960 41,789 85,774 218,276

Federal agency debt securities2 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655

Mortgage-backed securities4 1,496,943 39,144 830,116 43,373 38,230 93,081 99,440 80,890 24,086 14,205 28,321 58,130 147,928

Unamortized premiums on securities 

held outright5 209,102 5,468 115,955 6,059 5,340 13,002 13,890 11,299 3,365 1,984 3,956 8,120 20,663

Unamortized discounts on securities 

held outright5 -12,372 -324 -6,861 -358 -316 -769 -822 -669 -199 -117 -234 -480 -1,223

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

Loans 192 2 97 0 0 13 6 24 8 23 16 0 4

Net portfolio holdings of Maiden

Lane LLC7 1,541 0 1,541 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 109 0 109 0 0 0 0 0 0 0 0 0 0

Items in process of collection 161 0 0 0 0 0 125 0 0 37 0 0 0

Bank premises 2,290 122 433 72 111 228 211 203 127 100 247 232 204

Central bank liquidity swaps11 273 13 87 21 21 57 16 8 2 1 3 4 39

Foreign currency denominated assets12 23,786 1,169 7,606 1,840 1,855 4,995 1,355 678 198 100 241 377 3,373

Other assets13 26,216 720 14,070 766 678 1,794 1,749 1,412 473 310 518 1,158 2,569

Interdistrict settlement account 0 - 18,814 + 265,034 - 24,747 - 7,667 - 31,688 - 57,481 - 62,199 - 21,448 - 16,159 - 27,412 - 38,510 + 41,091

Total assets 4,032,575 87,378 2,490,716 93,412 97,005 223,224 211,331 155,594 43,552 22,313 49,140 118,218 440,692

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, December 25, 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 1,405,929 45,899 513,620 42,738 59,318 106,097 171,075 87,737 34,949 21,932 37,242 121,099 164,223

Less: Notes held by F.R. Banks 210,728 10,310 40,535 6,273 5,562 9,321 18,694 14,352 3,343 9,400 10,560 53,677 28,700

Federal Reserve notes, net 1,195,201 35,589 473,085 36,465 53,756 96,776 152,381 73,385 31,606 12,532 26,682 67,421 135,522

Reverse repurchase agreements14 151,257 3,955 83,878 4,383 3,863 9,405 10,048 8,173 2,434 1,435 2,862 5,874 14,947

Deposits 2,620,337 45,058 1,911,049 48,098 34,695 104,734 44,172 72,019 8,851 7,683 18,827 43,639 281,512

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,450,733 45,051 1,741,659 48,074 34,691 104,609 44,160 71,995 8,851 7,683 18,825 43,636 281,498

U.S. Treasury, General Account 93,893 0 93,893 0 0 0 0 0 0 0 0 0 0

Foreign official 7,980 2 7,952 3 3 8 2 1 0 0 0 1 6

Other 67,731 4 67,545 21 0 117 10 23 0 0 1 2 8

Deferred availability cash items 1,214 0 0 0 0 0 949 0 0 265 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 3,226 76 1,881 78 62 149 224 178 52 31 62 133 299

Other liabilities and accrued

dividends16 6,323 198 3,127 252 255 688 394 320 147 134 129 230 450

Total liabilities 3,977,557 84,876 2,473,021 89,275 92,630 211,752 208,168 154,075 43,090 22,081 48,561 117,298 432,731

Capital

Capital paid in 27,509 1,251 8,847 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981

Surplus 27,509 1,251 8,847 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981

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

Total liabilities and capital 4,032,575 87,378 2,490,716 93,412 97,005 223,224 211,331 155,594 43,552 22,313 49,140 118,218 440,692

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, December 25, 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 Dec 25, 2013

Federal Reserve notes outstanding 1,405,929

Less: Notes held by F.R. Banks not subject to collateralization 210,728

Federal Reserve notes to be collateralized 1,195,201

Collateral held against Federal Reserve notes 1,195,201

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,178,964

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,762,993

Less: Face value of securities under reverse repurchase agreements 144,833

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,618,160

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.