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 March 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

Mar 26, 2014 Mar 19, 2014 Mar 27, 2013

Wednesday

Mar 26, 2014

Reserve Bank credit 4,186,827 + 13,190 +1,024,919 4,184,023

Securities held outright1 3,963,650 + 12,894 +1,023,460 3,961,985

U.S. Treasury securities 2,308,978 + 7,216 + 520,590 2,311,539

Bills2 0 0 0 0

Notes and bonds, nominal2 2,200,551 + 7,126 + 501,881 2,203,078

Notes and bonds, inflation-indexed2 94,565 0 + 15,686 94,565

Inflation compensation3 13,862 + 91 + 3,022 13,896

Federal agency debt securities2 47,343 0 - 25,080 47,343

Mortgage-backed securities4 1,607,329 + 5,678 + 527,950 1,603,104

Unamortized premiums on securities held outright5 210,023 + 59 + 19,703 209,946

Unamortized discounts on securities held outright5 -16,610 - 282 - 14,940 -16,783

Repurchase agreements6 0 0 0 0

Loans 106 - 3 - 284 105

Primary credit 12 + 4 + 4 13

Secondary credit 0 0 0 0

Seasonal credit 10 + 4 + 10 10

Term Asset-Backed Securities Loan Facility7 84 - 11 - 298 82

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,585 0 + 183 1,585

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 105 0 - 294 105

Float -541 + 73 + 72 -581

Central bank liquidity swaps12 459 + 1 - 7,806 459

Other Federal Reserve assets13 27,965 + 447 + 4,826 27,117

Foreign currency denominated assets14 24,092 - 218 + 272 24,101

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,661 + 14 + 704 45,661

Total factors supplying reserve funds 4,272,822 + 12,988 +1,025,896 4,270,025

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

Mar 26, 2014 Mar 19, 2014 Mar 27, 2013

Wednesday

Mar 26, 2014

Currency in circulation15 1,267,187 + 2,107 + 92,240 1,268,244

Reverse repurchase agreements16 188,035 + 29,060 + 96,403 197,795

Foreign official and international accounts 95,591 - 1,033 + 3,959 95,851

Others 92,444 + 30,093 + 92,444 101,944

Treasury cash holdings 275 - 3 + 49 279

Deposits with F.R. Banks, other than reserve balances 142,084 + 15,935 + 3,479 130,773

Term deposits held by depository institutions 15,413 + 230 + 12,368 15,413

U.S. Treasury, General Account 102,040 + 13,695 + 34,021 89,067

Foreign official 6,986 + 357 - 2,128 7,028

Other17 17,645 + 1,652 - 40,782 19,265

Other liabilities and capital18 63,003 - 1,456 - 2,144 61,766

Total factors, other than reserve balances,

absorbing reserve funds 1,660,585 + 45,643 + 190,028 1,658,856

Reserve balances with Federal Reserve Banks 2,612,237 - 32,656 + 835,868 2,611,169

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

Mar 26, 2014 Mar 19, 2014 Mar 27, 2013

Wednesday

Mar 26, 2014

Securities held in custody for foreign official and international

accounts 3,256,221 + 50,238 - 35,109 3,286,937

Marketable U.S. Treasury securities1 2,912,687 + 52,764 - 38,380 2,943,888

Federal agency debt and mortgage-backed securities2 299,531 - 2,038 - 2,764 299,039

Other securities3 44,003 - 488 + 6,036 44,010

Securities lent to dealers 16,598 + 2,717 - 466 14,862

Overnight facility4 16,598 + 2,717 - 466 14,862

U.S. Treasury securities 15,296 + 2,686 - 690 13,549

Federal agency debt securities 1,302 + 31 + 224 1,313

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, March 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 23 0 82 0 0 ... 105

U.S. Treasury securities2

Holdings 1 38 142 831,930 864,279 615,148 2,311,539

Weekly changes 0 0 0 + 13 + 2,639 + 3,093 + 5,744

Federal agency debt securities3

Holdings 0 3,684 6,782 34,530 0 2,347 47,343

Weekly changes 0 + 423 - 423 + 62 - 62 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,902 1,600,197 1,603,104

Weekly changes 0 0 0 0 - 38 + 158 + 120

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 102 357 0 0 0 0 459

Reverse repurchase agreements6 197,795 0 ... ... ... ... 197,795

Term deposits 15,413 0 0 ... ... ... 15,413

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 Mar 26, 2014

Mortgage-backed securities held outright1 1,603,104

Commitments to buy mortgage-backed securities2 44,906

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 26

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 Mar 26, 2014

Net portfolio holdings of Maiden Lane LLC1 1,585

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 Mar 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 Mar 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 Mar 26, 2014

Asset-backed securities holdings1 0

Other investments, net 105

Net portfolio holdings of TALF LLC 105

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

Mar 26, 2014 Mar 19, 2014 Mar 27, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,938 - 15 - 170

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,155,253 + 5,508 +1,028,145

Securities held outright1 3,961,985 + 5,863 +1,024,171

U.S. Treasury securities 2,311,539 + 5,744 + 517,080

Bills2 0 0 0

Notes and bonds, nominal2 2,203,078 + 5,653 + 498,359

Notes and bonds, inflation-indexed2 94,565 0 + 15,686

Inflation compensation3 13,896 + 91 + 3,034

Federal agency debt securities2 47,343 0 - 25,080

Mortgage-backed securities4 1,603,104 + 120 + 532,172

Unamortized premiums on securities held outright5 209,946 - 11 + 19,367

Unamortized discounts on securities held outright5 -16,783 - 327 - 15,112

Repurchase agreements6 0 0 0

Loans 105 - 17 - 280

Net portfolio holdings of Maiden Lane LLC7 1,585 0 + 182

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 105 0 - 294

Items in process of collection (0) 91 + 6 - 34

Bank premises 2,276 0 - 27

Central bank liquidity swaps11 459 + 1 - 7,806

Foreign currency denominated assets12 24,101 - 200 + 418

Other assets13 24,841 - 409 + 4,302

Total assets (0) 4,226,971 + 4,890 +1,024,715

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

Mar 26, 2014 Mar 19, 2014 Mar 27, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,224,796 + 1,613 + 89,701

Reverse repurchase agreements14 197,795 + 25,915 + 105,254

Deposits (0) 2,741,942 - 21,651 + 832,358

Term deposits held by depository institutions 15,413 + 230 + 12,368

Other deposits held by depository institutions 2,611,169 - 2,827 + 781,557

U.S. Treasury, General Account 89,067 - 28,966 + 35,849

Foreign official 7,028 + 50 - 2,079

Other15 (0) 19,265 + 9,862 + 4,664

Deferred availability cash items (0) 673 - 66 - 118

Other liabilities and accrued dividends16 5,665 - 933 - 3,452

Total liabilities (0) 4,170,870 + 4,876 +1,023,743

Capital accounts

Capital paid in 28,050 + 6 + 486

Surplus 28,050 + 6 + 486

Other capital accounts 0 0 0

Total capital 56,101 + 14 + 973

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, March 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 1,938 37 93 124 125 335 222 275 21 48 152 173 332

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,155,253 108,653 2,304,282 120,392 106,118 258,371 276,026 224,541 66,858 39,435 78,612 161,355 410,612

Securities held outright1 3,961,985 103,602 2,197,083 114,796 101,185 246,360 263,189 214,092 63,750 37,596 74,956 153,854 391,523

U.S. Treasury securities 2,311,539 60,444 1,281,843 66,975 59,034 143,733 153,552 124,907 37,193 21,935 43,732 89,763 228,426

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

Notes and bonds3 2,311,539 60,444 1,281,843 66,975 59,034 143,733 153,552 124,907 37,193 21,935 43,732 89,763 228,426

Federal agency debt securities2 47,343 1,238 26,254 1,372 1,209 2,944 3,145 2,558 762 449 896 1,838 4,678

Mortgage-backed securities4 1,603,104 41,920 888,987 46,449 40,942 99,682 106,492 86,626 25,794 15,212 30,329 62,252 158,419

Unamortized premiums on securities 

held outright5 209,946 5,490 116,424 6,083 5,362 13,055 13,946 11,345 3,378 1,992 3,972 8,153 20,747

Unamortized discounts on securities 

held outright5 -16,783 -439 -9,307 -486 -429 -1,044 -1,115 -907 -270 -159 -318 -652 -1,659

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

Loans 105 0 82 0 0 0 5 12 0 6 1 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,585 0 1,585 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 105 0 105 0 0 0 0 0 0 0 0 0 0

Items in process of collection 91 0 0 0 0 0 91 0 0 0 0 0 0

Bank premises 2,276 123 428 72 110 226 211 201 126 99 246 231 203

Central bank liquidity swaps11 459 21 148 35 37 96 26 13 4 2 5 8 66

Foreign currency denominated assets12 24,101 1,096 7,753 1,812 1,916 5,025 1,385 665 203 102 254 403 3,487

Other assets13 24,841 678 13,402 843 631 1,685 1,625 1,309 446 296 482 1,045 2,399

Interdistrict settlement account 0 - 25,096 + 258,465 - 6,407 - 19,248 - 22,262 - 57,100 - 74,062 - 21,270 - 15,356 - 27,398 - 25,433 + 35,167

Total assets 4,226,971 86,100 2,592,090 117,478 90,438 244,743 224,561 154,158 46,846 24,906 52,814 138,791 454,046

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, March 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 1,414,113 44,481 521,434 43,056 60,470 102,412 176,334 87,914 36,597 21,273 37,062 118,534 164,546

Less: Notes held by F.R. Banks 189,317 4,008 46,895 4,438 7,484 9,631 18,119 13,365 4,594 6,862 9,070 36,247 28,604

Federal Reserve notes, net 1,224,796 40,473 474,539 38,618 52,986 92,781 158,216 74,549 32,003 14,411 27,992 82,287 135,943

Reverse repurchase agreements14 197,795 5,172 109,685 5,731 5,051 12,299 13,139 10,688 3,183 1,877 3,742 7,681 19,546

Deposits 2,741,942 37,715 1,987,220 68,664 27,764 127,588 48,964 67,028 11,013 8,169 20,333 47,630 289,853

Term deposits held by depository

institutions 15,413 0 10,580 0 0 15 1,040 1,255 15 52 1 1,205 1,250

Other deposits held by depository

institutions 2,611,169 37,712 1,861,448 68,634 27,761 127,469 47,916 65,766 10,998 8,116 20,331 46,423 288,596

U.S. Treasury, General Account 89,067 0 89,067 0 0 0 0 0 0 0 0 0 0

Foreign official 7,028 2 7,001 3 3 8 2 1 0 0 0 1 6

Other15 19,265 1 19,124 28 0 96 6 6 0 0 1 1 1

Deferred availability cash items 673 0 0 0 0 0 589 0 0 84 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,680 37 993 38 31 74 115 96 19 16 35 73 154

Other liabilities and accrued

dividends17 3,984 167 1,296 208 200 526 354 277 136 117 121 200 381

Total liabilities 4,170,870 83,564 2,573,734 113,259 86,033 233,269 221,377 152,638 46,353 24,673 52,223 137,871 445,877

Capital

Capital paid in 28,050 1,268 9,178 2,110 2,203 5,737 1,592 760 247 116 296 460 4,085

Surplus 28,050 1,268 9,178 2,110 2,203 5,737 1,592 760 247 116 296 460 4,085

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

Total liabilities and capital 4,226,971 86,100 2,592,090 117,478 90,438 244,743 224,561 154,158 46,846 24,906 52,814 138,791 454,046

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, March 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 Mar 26, 2014

Federal Reserve notes outstanding 1,414,113

Less: Notes held by F.R. Banks not subject to collateralization 189,317

Federal Reserve notes to be collateralized 1,224,796

Collateral held against Federal Reserve notes 1,224,796

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,208,560

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,961,985

Less: Face value of securities under reverse repurchase agreements 193,413

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,768,572

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.