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 January 2, 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

Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Wednesday

Jan 1, 2014

Reserve Bank credit 3,981,512 - 4,077 +1,111,830 3,980,499

Securities held outright1 3,756,172 - 3,083 +1,089,881 3,756,158

U.S. Treasury securities 2,208,791 + 3,861 + 545,940 2,208,775

Bills2 0 0 0 0

Notes and bonds, nominal2 2,103,872 + 3,920 + 526,691 2,103,871

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

Inflation compensation3 13,540 - 59 + 2,610 13,525

Federal agency debt securities2 57,221 0 - 19,562 57,221

Mortgage-backed securities4 1,490,160 - 6,945 + 563,502 1,490,162

Unamortized premiums on securities held outright5 208,697 - 511 + 37,810 208,610

Unamortized discounts on securities held outright5 -12,357 - 245 - 10,793 -12,352

Repurchase agreements6 0 0 0 0

Loans 173 - 20 - 441 171

Primary credit 17 - 10 - 11 26

Secondary credit 0 0 0 0

Seasonal credit 59 - 10 + 28 48

Term Asset-Backed Securities Loan Facility7 97 0 - 459 97

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,541 + 16 + 128 1,541

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 -569 + 58 + 127 -962

Central bank liquidity swaps12 272 - 1 - 8,617 272

Other Federal Reserve assets13 27,387 - 292 + 4,479 26,868

Foreign currency denominated assets14 23,820 + 23 - 1,225 23,821

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,530 + 14 + 779 45,530

Total factors supplying reserve funds 4,067,102 - 4,041 +1,111,383 4,066,091

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

Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Wednesday

Jan 1, 2014

Currency in circulation15 1,240,499 + 4,615 + 71,602 1,241,263

Reverse repurchase agreements16 235,086 + 100,746 + 121,964 315,924

Foreign official and international accounts 116,509 + 11,914 + 3,387 118,169

Others 118,577 + 88,832 + 118,577 197,755

Treasury cash holdings 235 + 5 + 85 236

Deposits with F.R. Banks, other than reserve balances 153,349 - 9,130 + 48,491 196,550

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 105,104 + 5,982 + 33,540 162,399

Foreign official 7,982 - 7 + 1,638 7,970

Other 40,264 - 15,104 + 13,313 26,181

Other liabilities and capital17 63,301 - 755 - 1,525 63,049

Total factors, other than reserve balances,

absorbing reserve funds 1,692,469 + 95,480 + 240,616 1,817,021

Reserve balances with Federal Reserve Banks 2,374,633 - 99,522 + 870,767 2,249,070

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

Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Wednesday

Jan 1, 2014

Securities held in custody for foreign official and international

accounts 3,353,841 - 20,404 + 121,184 3,352,139

Marketable U.S. Treasury securities1 2,998,639 - 19,285 + 113,398 2,996,874

Federal agency debt and mortgage-backed securities2 311,789 - 1,133 + 337 311,852

Other securities3 43,413 + 14 + 7,450 43,413

Securities lent to dealers 14,770 + 1,673 + 6,851 16,502

Overnight facility4 14,770 + 1,673 + 6,851 16,502

U.S. Treasury securities 13,720 + 1,659 + 6,467 15,447

Federal agency debt securities 1,050 + 13 + 384 1,055

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, January 1, 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 69 5 64 33 0 ... 171

U.S. Treasury securities2

Holdings 0 298 176 763,329 864,700 580,272 2,208,775

Weekly changes - 1 + 1 - 1 + 12,688 - 12,703 - 38 - 54

Federal agency debt securities3

Holdings 2,310 7,568 8,666 36,268 62 2,347 57,221

Weekly changes + 746 - 746 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,549 1,487,608 1,490,162

Weekly changes 0 0 0 0 - 32 - 6,749 - 6,781

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 113 159 0 0 0 0 272

Reverse repurchase agreements6 315,924 0 ... ... ... ... 315,924

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 Jan 1, 2014

Mortgage-backed securities held outright1 1,490,162

Commitments to buy mortgage-backed securities2 57,824

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 1

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 Jan 1, 2014

Net portfolio holdings of Maiden Lane LLC1 1,541

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 Jan 1, 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 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 Jan 1, 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 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 Jan 1, 2014

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

Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,955 - 8 - 148

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,952,587 - 7,327 +1,113,092

Securities held outright1 3,756,158 - 6,835 +1,086,566

U.S. Treasury securities 2,208,775 - 54 + 542,657

Bills2 0 0 0

Notes and bonds, nominal2 2,103,871 - 1 + 523,399

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

Inflation compensation3 13,525 - 53 + 2,619

Federal agency debt securities2 57,221 0 - 19,562

Mortgage-backed securities4 1,490,162 - 6,781 + 563,471

Unamortized premiums on securities held outright5 208,610 - 492 + 37,730

Unamortized discounts on securities held outright5 -12,352 + 20 - 10,788

Repurchase agreements6 0 0 0

Loans 171 - 21 - 416

Net portfolio holdings of Maiden Lane LLC7 1,541 0 + 128

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) 165 + 4 - 22

Bank premises 2,289 - 1 - 42

Central bank liquidity swaps11 272 - 1 - 8,617

Foreign currency denominated assets12 23,821 + 35 - 1,181

Other assets13 24,579 - 1,637 + 3,987

Total assets (0) 4,023,640 - 8,935 +1,106,451

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

Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,197,920 + 2,719 + 71,059

Reverse repurchase agreements14 315,924 + 164,667 + 212,653

Deposits (0) 2,445,620 - 174,717 + 822,821

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,249,070 - 201,663 + 740,398

U.S. Treasury, General Account 162,399 + 68,506 + 77,941

Foreign official 7,970 - 10 + 1,660

Other (0) 26,181 - 41,550 + 2,822

Deferred availability cash items (0) 1,127 - 87 - 66

Other liabilities and accrued dividends15 8,035 - 1,514 - 311

Total liabilities (0) 3,968,627 - 8,930 +1,106,158

Capital accounts

Capital paid in 27,507 - 2 + 147

Surplus 27,507 - 2 + 147

Other capital accounts 0 0 0

Total capital 55,014 - 4 + 294

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, January 1, 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 1,955 35 82 123 130 335 238 285 18 48 152 178 332

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,952,587 103,352 2,191,884 114,518 100,941 245,765 262,560 213,592 63,599 37,533 74,784 153,482 390,578

Securities held outright1 3,756,158 98,220 2,082,944 108,832 95,928 233,561 249,517 202,970 60,438 35,643 71,062 145,861 371,183

U.S. Treasury securities 2,208,775 57,757 1,224,856 63,998 56,410 137,343 146,726 119,354 35,540 20,960 41,788 85,772 218,271

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

Notes and bonds3 2,208,775 57,757 1,224,856 63,998 56,410 137,343 146,726 119,354 35,540 20,960 41,788 85,772 218,271

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 1,490,162 38,966 826,356 43,176 38,057 92,659 98,989 80,523 23,977 14,140 28,192 57,867 147,258

Unamortized premiums on securities 

held outright5 208,610 5,455 115,683 6,044 5,328 12,972 13,858 11,273 3,357 1,980 3,947 8,101 20,615

Unamortized discounts on securities 

held outright5 -12,352 -323 -6,849 -358 -315 -768 -821 -667 -199 -117 -234 -480 -1,221

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

Loans 171 0 108 0 0 1 6 18 3 27 9 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,541 0 1,541 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 165 0 0 0 0 0 165 0 0 0 0 0 0

Bank premises 2,289 123 432 73 111 228 211 203 127 99 247 231 204

Central bank liquidity swaps11 272 13 87 21 21 57 15 8 2 1 3 4 39

Foreign currency denominated assets12 23,821 1,170 7,620 1,842 1,857 5,001 1,357 679 199 100 241 378 3,377

Other assets13 24,579 681 13,212 721 639 1,704 1,652 1,333 457 301 488 969 2,422

Interdistrict settlement account 0 + 7,432 + 164,659 - 19,031 + 4,799 - 31,188 - 44,191 - 56,053 - 19,094 - 14,529 - 22,489 - 31,599 + 61,284

Total assets 4,023,640 113,393 2,385,454 98,874 109,247 223,170 224,081 161,263 45,768 23,834 53,887 124,653 460,016

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, January 1, 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 1,400,977 45,820 511,362 42,674 59,213 105,938 170,616 87,072 34,876 21,885 37,154 120,793 163,574

Less: Notes held by F.R. Banks 203,056 9,987 38,515 5,920 5,080 8,774 18,059 13,399 3,161 9,275 10,308 53,146 27,431

Federal Reserve notes, net 1,197,920 35,832 472,846 36,754 54,134 97,164 152,557 73,673 31,715 12,610 26,846 67,647 136,142

Reverse repurchase agreements14 315,924 8,261 175,193 9,154 8,068 19,644 20,986 17,071 5,083 2,998 5,977 12,268 31,220

Deposits 2,445,620 66,577 1,715,337 48,589 42,428 94,295 45,840 68,561 8,326 7,724 20,317 43,504 284,124

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 2,249,070 66,567 1,518,974 48,568 42,425 94,182 45,828 68,547 8,325 7,723 20,315 43,500 284,115

U.S. Treasury, General Account 162,399 0 162,399 0 0 0 0 0 0 0 0 0 0

Foreign official 7,970 2 7,943 3 3 8 2 1 0 0 0 1 6

Other 26,181 8 26,021 17 0 105 10 13 0 0 1 3 3

Deferred availability cash items 1,127 0 0 0 0 0 1,009 0 0 118 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,852 70 1,647 67 59 145 205 150 44 29 53 108 275

Other liabilities and accrued

dividends16 5,183 151 2,742 174 182 449 320 289 138 122 116 206 295

Total liabilities 3,968,627 110,891 2,367,764 94,737 104,872 211,697 220,918 159,744 45,306 23,601 53,308 123,734 452,055

Capital

Capital paid in 27,507 1,251 8,845 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981

Surplus 27,507 1,251 8,845 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981

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

Total liabilities and capital 4,023,640 113,393 2,385,454 98,874 109,247 223,170 224,081 161,263 45,768 23,834 53,887 124,653 460,016

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, January 1, 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. 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 Jan 1, 2014

Federal Reserve notes outstanding 1,400,977

Less: Notes held by F.R. Banks not subject to collateralization 203,056

Federal Reserve notes to be collateralized 1,197,920

Collateral held against Federal Reserve notes 1,197,920

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,181,684

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,756,158

Less: Face value of securities under reverse repurchase agreements 310,452

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,445,706

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.