FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

July 31, 2014

The weekly average values, shown in table 1, reflect the June 30, 2014, quarterly updates to the

fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the

Term Asset-Backed Securities Loan Facility, or TALF, which is included in “Other Federal

Reserve assets.” The amounts for the first six days of this reporting week are based on the

values as of March 31, 2014, and the amounts for the last day of the reporting week are based on

the values as of June 30, 2014.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 31, 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

Jul 30, 2014 Jul 23, 2014 Jul 31, 2013

Wednesday

Jul 30, 2014

Reserve Bank credit 4,363,781 + 156 + 839,570 4,364,206

Securities held outright1 4,137,038 + 426 + 846,199 4,136,776

U.S. Treasury securities 2,418,835 + 6,317 + 441,467 2,420,285

Bills2 0 0 0 0

Notes and bonds, nominal2 2,305,328 + 6,227 + 425,290 2,306,746

Notes and bonds, inflation-indexed2 97,327 0 + 12,921 97,327

Inflation compensation3 16,180 + 89 + 3,256 16,212

Federal agency debt securities2 42,426 - 224 - 24,095 42,127

Mortgage-backed securities4 1,675,777 - 5,666 + 428,827 1,674,363

Unamortized premiums on securities held outright5 209,221 - 285 + 4,990 209,240

Unamortized discounts on securities held outright5 -18,601 - 52 - 15,476 -18,615

Repurchase agreements6 0 0 0 0

Loans 245 - 5 - 106 255

Primary credit 11 0 0 25

Secondary credit 0 0 0 0

Seasonal credit 200 + 11 + 71 197

Term Asset-Backed Securities Loan Facility7 34 - 15 - 177 34

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,654 - 7 + 229 1,660

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 60 0 - 208 60

Float -558 - 14 + 96 -564

Central bank liquidity swaps12 75 - 2 - 1,404 75

Other Federal Reserve assets13 34,563 + 94 + 5,252 35,234

Foreign currency denominated assets14 23,763 - 138 - 79 23,632

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 46,006 + 14 + 781 46,006

Total factors supplying reserve funds 4,449,791 + 32 + 840,272 4,450,085

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

Jul 30, 2014 Jul 23, 2014 Jul 31, 2013

Wednesday

Jul 30, 2014

Currency in circulation15 1,283,804 + 101 + 88,791 1,285,927

Reverse repurchase agreements16 207,414 - 13,123 + 118,144 228,730

Foreign official and international accounts 107,888 + 3,450 + 18,618 112,973

Others 99,527 - 16,572 + 99,527 115,757

Treasury cash holdings 136 - 2 0 140

Deposits with F.R. Banks, other than reserve balances 86,011 - 2,990 - 20,972 87,083

Term deposits held by depository institutions 0 0 - 11,913 0

U.S. Treasury, General Account 62,335 - 1,803 + 2,272 70,123

Foreign official 6,571 + 6 - 3,864 6,565

Other17 17,105 - 1,194 - 7,467 10,395

Other liabilities and capital18 63,423 - 654 - 172 62,413

Total factors, other than reserve balances,

absorbing reserve funds 1,640,788 - 16,669 + 185,791 1,664,293

Reserve balances with Federal Reserve Banks 2,809,004 + 16,702 + 654,482 2,785,792

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

Jul 30, 2014 Jul 23, 2014 Jul 31, 2013

Wednesday

Jul 30, 2014

Securities held in custody for foreign official and international

accounts 3,309,299 - 1,479 + 44,574 3,304,175

Marketable U.S. Treasury securities1 2,977,593 - 1,344 + 59,606 2,972,195

Federal agency debt and mortgage-backed securities2 289,166 - 136 - 20,549 289,361

Other securities3 42,540 + 2 + 5,517 42,618

Securities lent to dealers 9,753 - 741 + 710 8,382

Overnight facility4 9,753 - 741 + 710 8,382

U.S. Treasury securities 8,625 - 769 + 418 7,405

Federal agency debt securities 1,128 + 27 + 292 977

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, July 30, 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 200 42 14 0 0 ... 255

U.S. Treasury securities2

Holdings 40 7 1,995 968,273 800,501 649,470 2,420,285

Weekly changes 0 0 0 + 15,668 - 10,501 + 1,502 + 6,669

Federal agency debt securities3

Holdings 565 1,862 4,607 32,746 0 2,347 42,127

Weekly changes + 42 - 565 0 0 0 0 - 523

Mortgage-backed securities4

Holdings 0 0 0 10 3,881 1,670,473 1,674,363

Weekly changes 0 0 0 0 - 63 - 9,838 - 9,902

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 75 0 0 0 0 0 75

Reverse repurchase agreements6 228,730 0 ... ... ... ... 228,730

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 Jul 30, 2014

Mortgage-backed securities held outright1 1,674,363

Commitments to buy mortgage-backed securities2 61,965

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 65

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 Jul 30, 2014

Net portfolio holdings of Maiden Lane LLC1 1,660

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 June 30, 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 Jul 30, 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 June 30, 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 Jul 30, 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 June 30, 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 Jul 30, 2014

Asset-backed securities holdings1 0

Other investments, net 60

Net portfolio holdings of TALF LLC 60

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

Jul 30, 2014 Jul 23, 2014 Jul 31, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,917 0 - 52

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,327,656 - 4,193 + 830,566

Securities held outright1 4,136,776 - 3,755 + 840,884

U.S. Treasury securities 2,420,285 + 6,669 + 437,878

Bills2 0 0 0

Notes and bonds, nominal2 2,306,746 + 6,580 + 421,683

Notes and bonds, inflation-indexed2 97,327 0 + 12,921

Inflation compensation3 16,212 + 89 + 3,274

Federal agency debt securities2 42,127 - 523 - 24,394

Mortgage-backed securities4 1,674,363 - 9,902 + 427,399

Unamortized premiums on securities held outright5 209,240 - 361 + 5,139

Unamortized discounts on securities held outright5 -18,615 - 73 - 15,393

Repurchase agreements6 0 0 0

Loans 255 - 4 - 65

Net portfolio holdings of Maiden Lane LLC7 1,660 + 6 + 172

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 60 0 - 208

Items in process of collection (0) 75 + 8 - 30

Bank premises 2,272 + 9 - 24

Central bank liquidity swaps11 75 - 2 - 1,404

Foreign currency denominated assets12 23,632 - 214 - 240

Other assets13 32,968 + 275 + 6,063

Total assets (0) 4,406,637 - 4,109 + 834,840

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

Jul 30, 2014 Jul 23, 2014 Jul 31, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,241,974 + 1,747 + 87,652

Reverse repurchase agreements14 228,730 - 12,959 + 137,645

Deposits (0) 2,872,881 + 7,522 + 610,321

Term deposits held by depository institutions 0 0 - 11,913

Other deposits held by depository institutions 2,785,798 - 2,199 + 664,955

U.S. Treasury, General Account 70,123 + 14,316 - 39,570

Foreign official 6,565 + 1 - 3,916

Other15 (0) 10,395 - 4,596 + 765

Deferred availability cash items (0) 639 + 24 - 282

Other liabilities and accrued dividends16 6,087 - 448 - 1,797

Total liabilities (0) 4,350,311 - 4,114 + 833,538

Capital accounts

Capital paid in 28,163 + 2 + 651

Surplus 28,163 + 2 + 651

Other capital accounts 0 0 0

Total capital 56,326 + 5 + 1,302

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, July 30, 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 1,917 35 84 119 123 318 225 277 27 50 150 182 327

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,327,656 87,536 2,656,035 103,671 94,482 241,861 239,261 176,898 53,423 26,604 57,003 131,866 459,017

Securities held outright1 4,136,776 83,680 2,539,002 99,105 90,320 231,207 228,679 169,076 51,024 25,352 54,491 126,049 438,792

U.S. Treasury securities 2,420,285 48,958 1,485,483 57,983 52,843 135,271 133,792 98,920 29,853 14,832 31,881 73,747 256,722

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

Notes and bonds3 2,420,285 48,958 1,485,483 57,983 52,843 135,271 133,792 98,920 29,853 14,832 31,881 73,747 256,722

Federal agency debt securities2 42,127 852 25,856 1,009 920 2,355 2,329 1,722 520 258 555 1,284 4,468

Mortgage-backed securities4 1,674,363 33,869 1,027,663 40,113 36,557 93,581 92,558 68,434 20,652 10,261 22,055 51,018 177,601

Unamortized premiums on securities 

held outright5 209,240 4,233 128,424 5,013 4,568 11,695 11,567 8,552 2,581 1,282 2,756 6,376 22,194

Unamortized discounts on securities 

held outright5 -18,615 -377 -11,425 -446 -406 -1,040 -1,029 -761 -230 -114 -245 -567 -1,974

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

Loans 255 0 34 0 0 0 44 31 47 84 1 9 5

Net portfolio holdings of Maiden

Lane LLC7 1,660 0 1,660 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 60 0 60 0 0 0 0 0 0 0 0 0 0

Items in process of collection 75 0 0 0 0 0 75 0 0 0 0 0 0

Bank premises 2,272 123 440 74 110 223 209 199 124 98 244 227 202

Central bank liquidity swaps11 75 3 24 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 23,632 1,075 7,602 1,777 1,879 4,927 1,359 652 199 100 249 395 3,419

Other assets13 32,968 707 19,831 793 721 2,029 1,808 1,333 479 271 457 1,128 3,411

Interdistrict settlement account 0 + 29,809 + 29,434 + 4,534 - 3,300 - 27,818 + 4,026 - 21,428 - 12,413 - 3,265 - 5,690 - 9,292 + 15,404

Total assets 4,406,637 119,835 2,721,197 111,522 94,722 222,792 248,970 159,063 42,267 24,121 52,858 125,669 483,622

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, July 30, 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 1,450,171 44,925 497,826 43,025 65,601 104,991 213,185 92,764 37,312 21,261 37,210 116,015 176,056

Less: Notes held by F.R. Banks 208,197 5,034 66,546 6,325 9,047 11,432 21,206 14,336 5,152 4,657 5,248 30,460 28,754

Federal Reserve notes, net 1,241,974 39,891 431,280 36,700 56,553 93,559 191,978 78,428 32,160 16,603 31,961 85,555 147,302

Reverse repurchase agreements14 228,730 4,627 140,386 5,480 4,994 12,784 12,644 9,349 2,821 1,402 3,013 6,969 24,262

Deposits 2,872,881 72,581 2,128,095 64,914 28,544 104,396 40,178 69,432 6,629 5,663 17,162 31,959 303,328

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 2,785,798 72,574 2,041,286 64,881 28,541 104,197 40,169 69,422 6,628 5,663 17,160 31,957 303,320

U.S. Treasury, General Account 70,123 0 70,123 0 0 0 0 0 0 0 0 0 0

Foreign official 6,565 2 6,538 3 3 8 2 1 0 0 0 1 6

Other15 10,395 5 10,148 30 0 191 7 9 0 0 1 1 3

Deferred availability cash items 639 0 12 0 0 0 531 0 0 96 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,467 13 1,061 8 4 -2 80 64 27 7 18 52 136

Other liabilities and accrued

dividends17 4,619 165 1,979 194 188 528 347 264 130 116 117 196 395

Total liabilities 4,350,311 117,277 2,702,814 107,296 90,283 211,266 245,759 157,537 41,767 23,888 52,271 124,730 475,424

Capital

Capital paid in 28,163 1,279 9,192 2,113 2,219 5,763 1,605 763 250 117 293 469 4,099

Surplus 28,163 1,279 9,192 2,113 2,219 5,763 1,605 763 250 117 293 469 4,099

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

Total liabilities and capital 4,406,637 119,835 2,721,197 111,522 94,722 222,792 248,970 159,063 42,267 24,121 52,858 125,669 483,622

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, July 30, 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 Jul 30, 2014

Federal Reserve notes outstanding 1,450,171

Less: Notes held by F.R. Banks not subject to collateralization 208,197

Federal Reserve notes to be collateralized 1,241,974

Collateral held against Federal Reserve notes 1,241,974

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,225,737

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,136,776

Less: Face value of securities under reverse repurchase agreements 207,919

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,928,856

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.