FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 24, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Wednesday

Jul 23, 2014

Reserve Bank credit 4,363,625 + 14,713 + 847,048 4,368,132

Securities held outright1 4,136,612 + 13,484 + 853,952 4,140,531

U.S. Treasury securities 2,412,518 + 3,108 + 448,530 2,413,616

Bills2 0 0 0 0

Notes and bonds, nominal2 2,299,101 + 2,933 + 432,404 2,300,166

Notes and bonds, inflation-indexed2 97,327 + 79 + 12,921 97,327

Inflation compensation3 16,091 + 97 + 3,206 16,123

Federal agency debt securities2 42,650 - 721 - 23,871 42,650

Mortgage-backed securities4 1,681,443 + 11,095 + 429,292 1,684,265

Unamortized premiums on securities held outright5 209,506 + 209 + 4,885 209,601

Unamortized discounts on securities held outright5 -18,549 - 11 - 15,595 -18,542

Repurchase agreements6 0 0 0 0

Loans 250 + 31 - 111 259

Primary credit 11 + 7 + 1 11

Secondary credit 0 0 0 0

Seasonal credit 189 + 24 + 73 199

Term Asset-Backed Securities Loan Facility7 49 0 - 187 49

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,661 + 5 + 247 1,654

Net portfolio holdings of Maiden Lane II LLC9 63 0 - 1 63

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

Net portfolio holdings of TALF LLC11 60 0 - 208 60

Float -544 + 61 + 93 -548

Central bank liquidity swaps12 77 - 47 - 1,403 77

Other Federal Reserve assets13 34,469 + 983 + 5,193 34,956

Foreign currency denominated assets14 23,901 - 86 + 343 23,846

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,992 + 14 + 786 45,992

Total factors supplying reserve funds 4,449,759 + 14,642 + 848,178 4,454,210

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Wednesday

Jul 23, 2014

Currency in circulation15 1,283,703 - 1,741 + 89,434 1,284,170

Reverse repurchase agreements16 220,537 + 6,429 + 133,283 241,689

Foreign official and international accounts 104,438 + 1,506 + 17,184 104,949

Others 116,099 + 4,923 + 116,099 136,740

Treasury cash holdings 138 - 4 + 10 136

Deposits with F.R. Banks, other than reserve balances 89,001 - 142,339 - 71,335 77,362

Term deposits held by depository institutions 0 - 152,795 - 11,913 0

U.S. Treasury, General Account 64,138 + 4,754 + 5,735 55,807

Foreign official 6,565 + 374 - 3,539 6,564

Other17 18,299 + 5,329 - 61,617 14,991

Other liabilities and capital18 64,077 - 320 - 596 62,857

Total factors, other than reserve balances,

absorbing reserve funds 1,657,457 - 137,975 + 150,796 1,666,214

Reserve balances with Federal Reserve Banks 2,792,302 + 152,617 + 697,382 2,787,996

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Wednesday

Jul 23, 2014

Securities held in custody for foreign official and international

accounts 3,310,778 - 1,038 + 40,789 3,310,425

Marketable U.S. Treasury securities1 2,978,937 + 392 + 48,801 2,978,619

Federal agency debt and mortgage-backed securities2 289,302 - 1,718 - 13,680 289,382

Other securities3 42,538 + 288 + 5,666 42,424

Securities lent to dealers 10,494 - 1,442 - 301 10,689

Overnight facility4 10,494 - 1,442 - 301 10,689

U.S. Treasury securities 9,394 - 1,478 - 627 9,658

Federal agency debt securities 1,101 + 38 + 327 1,031

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 23, 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 214 31 14 0 0 ... 259

U.S. Treasury securities2

Holdings 40 7 1,995 952,605 811,002 647,968 2,413,616

Weekly changes 0 0 0 + 2,134 + 12 + 1,132 + 3,277

Federal agency debt securities3

Holdings 523 2,427 4,607 32,746 0 2,347 42,650

Weekly changes 0 + 306 + 496 - 802 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 3,944 1,680,311 1,684,265

Weekly changes 0 0 0 0 + 42 + 7,247 + 7,289

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 77 0 0 0 0 0 77

Reverse repurchase agreements6 241,689 0 ... ... ... ... 241,689

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jul 23, 2014

Mortgage-backed securities held outright1 1,684,265

Commitments to buy mortgage-backed securities2 54,776

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 49

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

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jul 23, 2014

Net portfolio holdings of Maiden Lane LLC1 1,654

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 March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Jul 23, 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 March 31, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Jul 23, 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 March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Jul 23, 2014

Asset-backed securities holdings1 0

Other investments, net 60

Net portfolio holdings of TALF LLC 60

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,917 + 21 - 56

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,331,849 + 10,686 + 832,367

Securities held outright1 4,140,531 + 10,566 + 843,079

U.S. Treasury securities 2,413,616 + 3,277 + 443,613

Bills2 0 0 0

Notes and bonds, nominal2 2,300,166 + 3,188 + 427,468

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

Inflation compensation3 16,123 + 89 + 3,224

Federal agency debt securities2 42,650 0 - 23,871

Mortgage-backed securities4 1,684,265 + 7,289 + 423,337

Unamortized premiums on securities held outright5 209,601 + 80 + 4,884

Unamortized discounts on securities held outright5 -18,542 + 18 - 15,511

Repurchase agreements6 0 0 0

Loans 259 + 22 - 85

Net portfolio holdings of Maiden Lane LLC7 1,654 - 8 + 240

Net portfolio holdings of Maiden Lane II LLC8 63 0 - 1

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 60 0 - 208

Items in process of collection (0) 67 - 8 - 24

Bank premises 2,263 + 1 - 33

Central bank liquidity swaps11 77 - 47 - 1,403

Foreign currency denominated assets12 23,846 - 56 + 223

Other assets13 32,693 + 1,958 + 5,069

Total assets (0) 4,410,746 + 12,545 + 836,172

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,240,227 - 1,060 + 88,241

Reverse repurchase agreements14 241,689 + 32,213 + 156,134

Deposits (0) 2,865,359 - 18,813 + 592,638

Term deposits held by depository institutions 0 - 152,795 - 11,913

Other deposits held by depository institutions 2,787,997 + 133,779 + 688,668

U.S. Treasury, General Account 55,807 - 7,930 + 4,841

Foreign official 6,564 - 2 - 3,846

Other15 (0) 14,991 + 8,135 - 85,111

Deferred availability cash items (0) 615 - 74 - 248

Other liabilities and accrued dividends16 6,535 + 279 - 1,882

Total liabilities (0) 4,354,425 + 12,545 + 834,883

Capital accounts

Capital paid in 28,161 0 + 645

Surplus 28,161 0 + 645

Other capital accounts 0 0 0

Total capital 56,321 0 + 1,289

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, July 23, 2014

Millions of dollars

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

Assets

Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257

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

Coin 1,917 35 84 119 123 316 228 278 26 49 151 183 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,331,849 87,620 2,658,621 103,772 94,574 242,096 239,482 177,067 53,472 26,625 57,065 131,993 459,462

Securities held outright1 4,140,531 83,756 2,541,307 99,195 90,402 231,417 228,886 169,229 51,071 25,375 54,540 126,163 439,190

U.S. Treasury securities 2,413,616 48,823 1,481,390 57,823 52,698 134,899 133,423 98,648 29,770 14,791 31,793 73,544 256,015

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

Notes and bonds3 2,413,616 48,823 1,481,390 57,823 52,698 134,899 133,423 98,648 29,770 14,791 31,793 73,544 256,015

Federal agency debt securities2 42,650 863 26,177 1,022 931 2,384 2,358 1,743 526 261 562 1,300 4,524

Mortgage-backed securities4 1,684,265 34,070 1,033,740 40,350 36,773 94,135 93,105 68,838 20,774 10,322 22,186 51,320 178,652

Unamortized premiums on securities 

held outright5 209,601 4,240 128,645 5,021 4,576 11,715 11,587 8,567 2,585 1,285 2,761 6,387 22,233

Unamortized discounts on securities 

held outright5 -18,542 -375 -11,380 -444 -405 -1,036 -1,025 -758 -229 -114 -244 -565 -1,967

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

Loans 259 0 49 0 1 0 34 29 45 79 8 8 6

Net portfolio holdings of Maiden

Lane LLC7 1,654 0 1,654 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 60 0 60 0 0 0 0 0 0 0 0 0 0

Items in process of collection 67 0 0 0 0 0 67 0 0 0 0 0 0

Bank premises 2,263 121 432 74 110 224 209 199 124 98 244 227 201

Central bank liquidity swaps11 77 4 25 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 23,846 1,084 7,670 1,793 1,896 4,972 1,371 658 200 101 251 399 3,450

Other assets13 32,693 704 19,674 790 716 2,003 1,791 1,323 466 271 456 1,105 3,392

Interdistrict settlement account 0 + 25,964 + 29,531 + 5,868 - 5,747 - 31,021 + 4,842 - 18,454 - 12,172 - 4,088 - 4,869 - 4,660 + 14,805

Total assets 4,410,746 116,081 2,723,778 112,969 92,380 219,842 249,997 162,204 42,545 23,318 53,743 130,410 483,479

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

9. Statement of Condition of Each Federal Reserve Bank, July 23, 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 1,451,865 45,166 498,388 42,803 65,985 105,801 213,464 93,521 37,543 20,892 37,375 115,933 174,994

Less: Notes held by F.R. Banks 211,638 5,130 67,269 6,407 9,220 11,586 21,279 14,596 5,212 4,769 5,343 31,103 29,723

Federal Reserve notes, net 1,240,227 40,036 431,119 36,396 56,765 94,215 192,185 78,925 32,330 16,123 32,032 84,830 145,271

Reverse repurchase agreements14 241,689 4,889 148,340 5,790 5,277 13,508 13,360 9,878 2,981 1,481 3,184 7,364 25,636

Deposits 2,865,359 68,398 2,122,779 66,320 25,673 99,995 40,251 71,524 6,577 5,272 17,797 37,017 303,755

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 2,787,997 68,391 2,045,563 66,287 25,670 99,926 40,240 71,515 6,577 5,272 17,796 37,013 303,747

U.S. Treasury, General Account 55,807 0 55,807 0 0 0 0 0 0 0 0 0 0

Foreign official 6,564 2 6,537 3 3 8 2 1 0 0 0 1 6

Other15 14,991 5 14,872 30 0 61 9 8 0 0 1 3 3

Deferred availability cash items 615 0 0 0 0 0 535 0 0 80 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,012 36 1,256 42 40 100 114 87 25 15 27 62 208

Other liabilities and accrued

dividends17 4,523 164 1,902 195 185 497 342 264 136 114 117 198 409

Total liabilities 4,354,425 113,523 2,705,395 108,743 87,941 208,316 246,787 160,678 42,050 23,084 53,157 129,471 475,280

Capital

Capital paid in 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099

Surplus 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099

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

Total liabilities and capital 4,410,746 116,081 2,723,778 112,969 92,380 219,842 249,997 162,204 42,545 23,318 53,743 130,410 483,479

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

9. Statement of Condition of Each Federal Reserve Bank, July 23, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

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

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

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Jul 23, 2014

Federal Reserve notes outstanding 1,451,865

Less: Notes held by F.R. Banks not subject to collateralization 211,638

Federal Reserve notes to be collateralized 1,240,227

Collateral held against Federal Reserve notes 1,240,227

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,223,990

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,140,531

Less: Face value of securities under reverse repurchase agreements 219,048

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,921,483

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.