FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks February 27, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Feb 26, 2014 Feb 19, 2014 Feb 27, 2013

Wednesday

Feb 26, 2014

Reserve Bank credit 4,117,204 + 8,381 +1,065,509 4,117,039

Securities held outright1 3,898,772 + 19,492 +1,054,467 3,899,733

U.S. Treasury securities 2,273,045 + 9,734 + 528,425 2,278,256

Bills2 0 0 0 0

Notes and bonds, nominal2 2,166,119 + 9,736 + 509,481 2,171,331

Notes and bonds, inflation-indexed2 93,583 0 + 16,084 93,583

Inflation compensation3 13,343 - 2 + 2,859 13,342

Federal agency debt securities2 51,411 0 - 22,625 51,411

Mortgage-backed securities4 1,574,316 + 9,758 + 548,667 1,570,067

Unamortized premiums on securities held outright5 209,547 + 218 + 25,549 209,312

Unamortized discounts on securities held outright5 -15,395 - 428 - 13,724 -15,577

Repurchase agreements6 0 0 0 0

Loans 100 - 1 - 300 100

Primary credit 2 + 2 - 1 2

Secondary credit 0 0 0 0

Seasonal credit 3 - 1 + 2 3

Term Asset-Backed Securities Loan Facility7 96 0 - 300 95

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,580 0 + 180 1,581

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

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

Net portfolio holdings of TALF LLC11 106 0 - 401 106

Float -592 + 2 + 82 -610

Central bank liquidity swaps12 360 0 - 3,834 360

Other Federal Reserve assets13 22,641 - 10,901 + 3,487 21,948

Foreign currency denominated assets14 23,999 - 31 - 239 23,959

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,651 + 14 + 753 45,651

Total factors supplying reserve funds 4,203,096 + 8,364 +1,066,023 4,202,890

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Feb 26, 2014 Feb 19, 2014 Feb 27, 2013

Wednesday

Feb 26, 2014

Currency in circulation15 1,248,387 + 7,047 + 78,968 1,250,935

Reverse repurchase agreements16 208,189 + 15,369 + 113,211 232,674

Foreign official and international accounts 104,421 - 1,802 + 9,443 102,563

Others 103,768 + 17,171 + 103,768 130,111

Treasury cash holdings 269 + 1 + 61 269

Deposits with F.R. Banks, other than reserve balances 83,679 + 3,407 - 40,836 47,165

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 46,704 + 5,520 + 3,692 27,427

Foreign official 7,972 - 59 - 614 7,972

Other17 29,003 - 2,054 - 43,913 11,766

Other liabilities and capital18 62,674 - 1,005 - 1,747 61,306

Total factors, other than reserve balances,

absorbing reserve funds 1,603,198 + 24,818 + 149,657 1,592,350

Reserve balances with Federal Reserve Banks 2,599,898 - 16,454 + 916,366 2,610,540

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

Feb 26, 2014 Feb 19, 2014 Feb 27, 2013

Wednesday

Feb 26, 2014

Securities held in custody for foreign official and international

accounts 3,325,367 + 12,435 + 31,474 3,327,179

Marketable U.S. Treasury securities1 2,970,362 + 7,475 + 13,529 2,973,439

Federal agency debt and mortgage-backed securities2 309,145 + 3,932 + 9,746 307,949

Other securities3 45,860 + 1,028 + 8,200 45,792

Securities lent to dealers 11,999 + 1,549 - 8,651 11,022

Overnight facility4 11,999 + 1,549 - 8,651 11,022

U.S. Treasury securities 10,806 + 1,418 - 8,983 9,855

Federal agency debt securities 1,193 + 131 + 332 1,167

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 26, 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 5 0 63 32 0 ... 100

U.S. Treasury securities2

Holdings 295 3 177 819,714 855,792 602,274 2,278,256

Weekly changes 0 0 0 0 + 7,894 + 2,490 + 10,384

Federal agency debt securities3

Holdings 4,068 3,261 7,205 34,468 62 2,347 51,411

Weekly changes + 4,068 - 4,068 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,900 1,567,161 1,570,067

Weekly changes 0 0 0 0 - 40 + 1,421 + 1,381

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 29 331 0 0 0 0 360

Reverse repurchase agreements6 232,674 0 ... ... ... ... 232,674

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 Feb 26, 2014

Mortgage-backed securities held outright1 1,570,067

Commitments to buy mortgage-backed securities2 47,105

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 60

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

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Feb 26, 2014

Net portfolio holdings of Maiden Lane LLC1 1,581

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Feb 26, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Feb 26, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Feb 26, 2014

Asset-backed securities holdings1 0

Other investments, net 106

Net portfolio holdings of TALF LLC 106

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through

the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 26, 2014 Feb 19, 2014 Feb 27, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,020 - 19 - 166

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,093,568 + 11,205 +1,071,348

Securities held outright1 3,899,733 + 11,764 +1,060,686

U.S. Treasury securities 2,278,256 + 10,384 + 528,711

Bills2 0 0 0

Notes and bonds, nominal2 2,171,331 + 10,386 + 509,747

Notes and bonds, inflation-indexed2 93,583 0 + 16,084

Inflation compensation3 13,342 - 2 + 2,880

Federal agency debt securities2 51,411 0 - 22,177

Mortgage-backed securities4 1,570,067 + 1,381 + 554,153

Unamortized premiums on securities held outright5 209,312 - 128 + 24,869

Unamortized discounts on securities held outright5 -15,577 - 429 - 13,909

Repurchase agreements6 0 0 0

Loans 100 - 1 - 299

Net portfolio holdings of Maiden Lane LLC7 1,581 + 1 + 182

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 106 0 - 401

Items in process of collection (0) 108 - 9 - 466

Bank premises 2,283 + 1 - 27

Central bank liquidity swaps11 360 0 - 3,834

Foreign currency denominated assets12 23,959 - 106 - 333

Other assets13 19,665 - 325 + 3,068

Total assets (0) 4,159,972 + 10,748 +1,069,372

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 26, 2014 Feb 19, 2014 Feb 27, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,207,569 + 5,007 + 78,707

Reverse repurchase agreements14 232,674 + 38,789 + 132,062

Deposits (0) 2,657,705 - 31,075 + 862,478

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,610,540 - 77 + 856,178

U.S. Treasury, General Account 27,427 - 22,323 + 11,461

Foreign official 7,972 - 5 - 584

Other15 (0) 11,766 - 8,670 - 4,577

Deferred availability cash items (0) 718 - 512 - 748

Other liabilities and accrued dividends16 5,429 - 1,509 - 4,015

Total liabilities (0) 4,104,095 + 10,700 +1,068,483

Capital accounts

Capital paid in 27,939 + 25 + 445

Surplus 27,939 + 25 + 445

Other capital accounts 0 0 0

Total capital 55,877 + 48 + 890

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, February 26, 2014

Millions of dollars

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

Assets

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

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

Coin 2,020 37 95 127 135 346 234 285 23 50 157 187 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,093,568 107,040 2,270,091 118,605 104,543 254,535 271,925 221,198 65,865 38,846 77,444 158,959 404,516

Securities held outright1 3,899,733 101,974 2,162,562 112,992 99,595 242,489 259,054 210,728 62,748 37,005 73,779 151,436 385,371

U.S. Treasury securities 2,278,256 59,574 1,263,386 66,011 58,184 141,664 151,342 123,109 36,658 21,619 43,102 88,470 225,137

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

Notes and bonds3 2,278,256 59,574 1,263,386 66,011 58,184 141,664 151,342 123,109 36,658 21,619 43,102 88,470 225,137

Federal agency debt securities2 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080

Mortgage-backed securities4 1,570,067 41,056 870,666 45,492 40,098 97,628 104,297 84,841 25,263 14,899 29,704 60,970 155,154

Unamortized premiums on securities 

held outright5 209,312 5,473 116,072 6,065 5,346 13,015 13,904 11,310 3,368 1,986 3,960 8,128 20,684

Unamortized discounts on securities 

held outright5 -15,577 -407 -8,638 -451 -398 -969 -1,035 -842 -251 -148 -295 -605 -1,539

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

Loans 100 0 95 0 0 0 1 2 0 2 0 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,581 0 1,581 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 106 0 106 0 0 0 0 0 0 0 0 0 0

Items in process of collection 108 0 0 0 0 0 108 0 0 0 0 0 0

Bank premises 2,283 124 430 73 110 226 211 202 126 99 246 231 204

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

Foreign currency denominated assets12 23,959 1,090 7,706 1,801 1,905 4,995 1,377 661 201 101 252 401 3,467

Other assets13 19,665 549 10,369 709 507 1,387 1,305 1,051 357 246 387 875 1,925

Interdistrict settlement account 0 - 20,348 + 276,429 - 6,270 - 20,245 - 36,608 - 58,150 - 70,478 - 18,462 - 14,873 - 25,727 - 36,953 + 31,684

Total assets 4,159,972 89,096 2,572,751 115,679 87,733 226,224 219,106 154,145 48,574 24,752 53,225 124,716 443,972

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, February 26, 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 1,390,893 44,282 509,256 42,329 60,370 102,621 167,448 87,995 35,702 21,104 36,906 119,266 163,614

Less: Notes held by F.R. Banks 183,325 3,833 33,732 4,777 6,675 7,383 15,140 12,919 3,392 7,670 10,633 49,433 27,739

Federal Reserve notes, net 1,207,569 40,450 475,524 37,553 53,695 95,238 152,308 75,077 32,310 13,435 26,273 69,833 135,875

Reverse repurchase agreements14 232,674 6,084 129,027 6,742 5,942 14,468 15,456 12,573 3,744 2,208 4,402 9,035 22,993

Deposits 2,657,705 39,831 1,947,925 66,998 23,451 104,436 47,078 64,570 11,875 8,629 21,803 44,647 276,463

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 2,610,540 39,828 1,900,972 66,969 23,448 104,292 47,066 64,562 11,875 8,628 21,802 44,642 276,457

U.S. Treasury, General Account 27,427 0 27,427 0 0 0 0 0 0 0 0 0 0

Foreign official 7,972 2 7,944 3 3 8 2 1 0 0 0 1 6

Other15 11,766 1 11,581 26 0 135 10 7 0 0 1 4 1

Deferred availability cash items 718 0 0 0 0 0 603 0 0 115 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,620 23 939 40 36 84 115 91 26 15 29 69 153

Other liabilities and accrued

dividends17 3,809 175 996 209 203 525 376 314 136 118 129 215 413

Total liabilities 4,104,095 86,563 2,554,411 111,541 83,328 214,750 215,936 152,624 48,091 24,519 52,636 123,799 435,897

Capital

Capital paid in 27,939 1,267 9,170 2,069 2,202 5,737 1,585 760 242 117 294 459 4,037

Surplus 27,939 1,267 9,170 2,069 2,202 5,737 1,585 760 242 117 294 459 4,037

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

Total liabilities and capital 4,159,972 89,096 2,572,751 115,679 87,733 226,224 219,106 154,145 48,574 24,752 53,225 124,716 443,972

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, February 26, 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 Feb 26, 2014

Federal Reserve notes outstanding 1,390,893

Less: Notes held by F.R. Banks not subject to collateralization 183,325

Federal Reserve notes to be collateralized 1,207,569

Collateral held against Federal Reserve notes 1,207,569

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,191,332

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,899,733

Less: Face value of securities under reverse repurchase agreements 228,835

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,670,899

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.