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 19, 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 18, 2013 Dec 11, 2013 Dec 19, 2012

Wednesday

Dec 18, 2013

Reserve Bank credit 3,958,486 + 53,017 +1,085,624 3,965,092

Securities held outright1 3,732,882 + 50,618 +1,063,936 3,739,919

U.S. Treasury securities 2,192,260 + 14,242 + 532,561 2,197,292

Bills2 0 0 0 0

Notes and bonds, nominal2 2,087,219 + 13,067 + 513,208 2,092,274

Notes and bonds, inflation-indexed2 91,379 + 1,200 + 16,639 91,379

Inflation compensation3 13,662 - 24 + 2,714 13,639

Federal agency debt securities2 57,221 - 987 - 22,062 57,221

Mortgage-backed securities4 1,483,401 + 37,362 + 553,437 1,485,407

Unamortized premiums on securities held outright5 208,868 + 981 + 39,590 208,882

Unamortized discounts on securities held outright5 -11,404 - 669 - 9,875 -11,711

Repurchase agreements6 0 0 0 0

Loans 168 - 1 - 671 181

Primary credit 6 - 7 - 6 15

Secondary credit 0 0 0 0

Seasonal credit 64 + 6 + 41 67

Term Asset-Backed Securities Loan Facility7 98 0 - 705 98

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,520 0 + 87 1,519

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 -620 + 41 + 144 -694

Central bank liquidity swaps12 273 + 1 - 11,276 273

Other Federal Reserve assets13 26,605 + 2,046 + 4,434 26,530

Foreign currency denominated assets14 23,957 - 9 - 1,362 23,976

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,502 + 14 + 756 45,502

Total factors supplying reserve funds 4,044,187 + 53,023 +1,085,019 4,050,811

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 18, 2013 Dec 11, 2013 Dec 19, 2012

Wednesday

Dec 18, 2013

Currency in circulation15 1,229,724 + 2,173 + 73,016 1,232,490

Reverse repurchase agreements16 115,863 + 2,968 + 11,681 111,966

Foreign official and international accounts 100,151 - 247 - 4,031 100,861

Others 15,712 + 3,215 + 15,712 11,105

Treasury cash holdings 227 - 2 + 83 229

Deposits with F.R. Banks, other than reserve balances 112,723 + 50,551 - 1,178 177,148

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

U.S. Treasury, General Account 70,572 + 41,580 + 15,586 116,998

Foreign official 7,983 - 144 + 1,976 7,973

Other 20,636 + 9,115 - 32,272 38,646

Other liabilities and capital17 64,349 + 57 - 2,664 63,046

Total factors, other than reserve balances,

absorbing reserve funds 1,522,886 + 55,746 + 80,938 1,584,879

Reserve balances with Federal Reserve Banks 2,521,300 - 2,724 +1,004,080 2,465,932

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 18, 2013 Dec 11, 2013 Dec 19, 2012

Wednesday

Dec 18, 2013

Securities held in custody for foreign official and international

accounts 3,379,756 + 11,741 + 149,477 3,379,660

Marketable U.S. Treasury securities1 3,021,023 + 14,143 + 142,662 3,021,465

Federal agency debt and mortgage-backed securities2 315,447 - 2,608 - 562 314,881

Other securities3 43,285 + 205 + 7,376 43,313

Securities lent to dealers 11,246 - 334 + 5,365 11,119

Overnight facility4 11,246 - 334 + 5,365 11,119

U.S. Treasury securities 10,251 - 397 + 5,143 10,035

Federal agency debt securities 995 + 63 + 222 1,084

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 18, 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 82 0 65 34 0 ... 181

U.S. Treasury securities2

Holdings 1 297 177 748,008 871,606 577,203 2,197,292

Weekly changes + 1 - 1 0 - 7 + 6,899 + 4,681 + 11,573

Federal agency debt securities3

Holdings 0 9,878 8,666 36,268 62 2,347 57,221

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

Mortgage-backed securities4

Holdings 0 0 0 5 2,581 1,482,820 1,485,407

Weekly changes 0 0 0 + 1 - 12 + 2,451 + 2,441

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1 272 0 0 0 0 273

Reverse repurchase agreements6 111,966 0 ... ... ... ... 111,966

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

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

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Dec 18, 2013

Mortgage-backed securities held outright1 1,485,407

Commitments to buy mortgage-backed securities2 55,928

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 59

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 18, 2013

Net portfolio holdings of Maiden Lane LLC1 1,519

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 18, 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 18, 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 18, 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 18, 2013 Dec 11, 2013 Dec 19, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,964 + 17 - 162

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,937,271 + 13,287 +1,096,934

Securities held outright1 3,739,919 + 14,012 +1,068,394

U.S. Treasury securities 2,197,292 + 11,573 + 538,441

Bills2 0 0 0

Notes and bonds, nominal2 2,092,274 + 11,634 + 519,108

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

Inflation compensation3 13,639 - 61 + 2,694

Federal agency debt securities2 57,221 0 - 22,062

Mortgage-backed securities4 1,485,407 + 2,441 + 552,016

Unamortized premiums on securities held outright5 208,882 - 133 + 39,389

Unamortized discounts on securities held outright5 -11,711 - 600 - 10,166

Repurchase agreements6 0 0 0

Loans 181 + 8 - 683

Net portfolio holdings of Maiden Lane LLC7 1,519 - 1 + 88

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) 99 + 5 - 34

Bank premises 2,287 + 3 - 50

Central bank liquidity swaps11 273 + 1 - 11,276

Foreign currency denominated assets12 23,976 - 103 - 1,372

Other assets13 24,243 + 899 + 4,448

Total assets (0) 4,008,062 + 14,107 +1,087,831

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 18, 2013 Dec 11, 2013 Dec 19, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,189,176 + 2,736 + 71,713

Reverse repurchase agreements14 111,966 - 23,775 + 11,002

Deposits (0) 2,643,081 + 39,576 +1,008,396

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

Other deposits held by depository institutions 2,465,932 - 74,790 + 983,234

U.S. Treasury, General Account 116,998 + 95,508 + 41,981

Foreign official 7,973 + 2 + 1,973

Other (0) 38,646 + 18,857 - 32,325

Deferred availability cash items (0) 793 + 72 - 197

Other liabilities and accrued dividends15 8,061 - 4,506 - 3,338

Total liabilities (0) 3,953,077 + 14,103 +1,087,575

Capital accounts

Capital paid in 27,492 + 2 + 128

Surplus 27,492 + 2 + 128

Other capital accounts 0 0 0

Total capital 54,984 + 3 + 256

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 18, 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 1,964 36 81 125 130 337 238 283 20 48 152 181 333

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,937,271 102,951 2,183,376 114,074 100,549 244,812 261,537 212,774 63,360 37,380 74,501 152,887 389,070

Securities held outright1 3,739,919 97,795 2,073,938 108,361 95,514 232,551 248,438 202,092 60,176 35,489 70,755 145,230 369,579

U.S. Treasury securities 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136

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

Notes and bonds3 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136

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 1,485,407 38,842 823,719 43,039 37,936 92,364 98,674 80,266 23,901 14,095 28,102 57,682 146,788

Unamortized premiums on securities 

held outright5 208,882 5,462 115,834 6,052 5,335 12,988 13,876 11,287 3,361 1,982 3,952 8,111 20,642

Unamortized discounts on securities 

held outright5 -11,711 -306 -6,494 -339 -299 -728 -778 -633 -188 -111 -222 -455 -1,157

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

Loans 181 0 98 0 0 0 1 27 11 20 16 1 7

Net portfolio holdings of Maiden

Lane LLC7 1,519 0 1,519 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 99 0 0 0 0 0 98 0 0 0 0 0 0

Bank premises 2,287 122 432 72 111 228 211 203 127 100 247 231 204

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

Foreign currency denominated assets12 23,976 1,178 7,667 1,854 1,870 5,034 1,366 684 200 100 243 380 3,400

Other assets13 24,243 670 12,999 712 626 1,676 1,619 1,306 441 292 481 1,049 2,371

Interdistrict settlement account 0 - 28,949 + 289,811 - 23,338 - 15,805 - 38,588 - 57,967 - 63,131 - 21,075 - 16,378 - 29,060 - 38,517 + 42,995

Total assets 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193

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 18, 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 1,410,913 45,945 516,788 42,792 59,166 106,317 171,672 88,518 35,085 21,984 37,245 120,657 164,745

Less: Notes held by F.R. Banks 221,737 10,666 45,203 6,710 6,269 9,911 19,753 15,725 3,641 9,576 10,800 53,793 29,690

Federal Reserve notes, net 1,189,176 35,279 471,584 36,082 52,897 96,406 151,919 72,794 31,444 12,408 26,445 66,864 135,055

Reverse repurchase agreements14 111,966 2,928 62,090 3,244 2,859 6,962 7,438 6,050 1,802 1,062 2,118 4,348 11,064

Deposits 2,643,081 35,662 1,946,342 50,371 27,838 99,250 45,543 72,570 9,649 7,799 17,726 44,808 285,522

Term deposits held by depository

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

Other deposits held by depository

institutions 2,465,932 35,650 1,772,680 50,347 27,835 99,069 45,031 71,441 9,639 7,697 17,635 44,700 284,209

U.S. Treasury, General Account 116,998 0 116,998 0 0 0 0 0 0 0 0 0 0

Foreign official 7,973 2 7,946 3 3 8 2 1 0 0 0 1 6

Other 38,646 5 38,428 21 0 148 10 23 0 0 1 2 8

Deferred availability cash items 793 0 0 0 0 0 622 0 0 171 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,593 38 927 41 29 77 113 86 28 15 29 68 142

Other liabilities and accrued

dividends16 6,468 199 3,297 253 253 657 393 323 150 136 130 228 448

Total liabilities 3,953,077 74,106 2,484,240 89,992 83,877 203,352 206,028 151,823 43,073 21,591 46,449 116,316 432,232

Capital

Capital paid in 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981

Surplus 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981

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

Total liabilities and capital 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193

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 18, 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 18, 2013

Federal Reserve notes outstanding 1,410,913

Less: Notes held by F.R. Banks not subject to collateralization 221,737

Federal Reserve notes to be collateralized 1,189,176

Collateral held against Federal Reserve notes 1,189,176

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,172,940

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,739,919

Less: Face value of securities under reverse repurchase agreements 103,820

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,636,100

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.