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 April 17, 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

Apr 16, 2014 Apr 9, 2014 Apr 17, 2013

Wednesday

Apr 16, 2014

Reserve Bank credit 4,238,125 + 39,701 + 997,174 4,240,892

Securities held outright1 4,011,759 + 36,956 + 999,220 4,015,215

U.S. Treasury securities 2,331,574 + 7,222 + 511,917 2,335,991

Bills2 0 0 0 0

Notes and bonds, nominal2 2,221,914 + 6,310 + 494,186 2,226,297

Notes and bonds, inflation-indexed2 95,389 + 706 + 15,112 95,389

Inflation compensation3 14,270 + 205 + 2,619 14,305

Federal agency debt securities2 47,129 - 214 - 24,924 46,594

Mortgage-backed securities4 1,633,056 + 29,948 + 512,227 1,632,629

Unamortized premiums on securities held outright5 210,207 + 744 + 15,878 210,119

Unamortized discounts on securities held outright5 -17,452 - 164 - 15,783 -17,504

Repurchase agreements6 0 0 0 0

Loans 101 + 1 - 292 104

Primary credit 3 0 + 1 7

Secondary credit 0 0 0 0

Seasonal credit 16 + 1 + 7 15

Term Asset-Backed Securities Loan Facility7 82 0 - 300 82

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,586 + 2 + 182 1,586

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 92 - 2 - 300 92

Float -632 + 21 + 114 -663

Central bank liquidity swaps12 407 0 - 7,145 407

Other Federal Reserve assets13 31,972 + 2,142 + 5,300 31,451

Foreign currency denominated assets14 24,242 + 251 + 631 24,143

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,748 + 14 + 747 45,748

Total factors supplying reserve funds 4,324,357 + 39,967 + 998,552 4,327,024

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

Apr 16, 2014 Apr 9, 2014 Apr 17, 2013

Wednesday

Apr 16, 2014

Currency in circulation15 1,270,492 - 95 + 92,046 1,271,081

Reverse repurchase agreements16 177,243 - 11,646 + 80,102 173,515

Foreign official and international accounts 98,807 + 4,248 + 3,237 101,771

Others 78,436 - 15,894 + 76,865 71,744

Treasury cash holdings 231 - 33 + 33 238

Deposits with F.R. Banks, other than reserve balances 86,645 + 9,611 - 37,171 147,958

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 65,457 + 3,021 - 17,115 134,483

Foreign official 6,978 + 1 - 2,905 6,978

Other17 14,211 + 6,590 - 17,150 6,498

Other liabilities and capital18 65,001 + 1,726 - 5,270 63,428

Total factors, other than reserve balances,

absorbing reserve funds 1,599,613 - 436 + 129,741 1,656,220

Reserve balances with Federal Reserve Banks 2,724,744 + 40,403 + 868,811 2,670,804

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

Apr 16, 2014 Apr 9, 2014 Apr 17, 2013

Wednesday

Apr 16, 2014

Securities held in custody for foreign official and international

accounts 3,300,912 - 15,155 + 4,648 3,298,780

Marketable U.S. Treasury securities1 2,960,814 - 14,044 + 2,055 2,958,868

Federal agency debt and mortgage-backed securities2 297,373 - 665 - 2,086 297,028

Other securities3 42,725 - 446 + 4,679 42,884

Securities lent to dealers 11,029 - 1,162 - 7,300 10,452

Overnight facility4 11,029 - 1,162 - 7,300 10,452

U.S. Treasury securities 9,802 - 1,161 - 7,601 9,081

Federal agency debt securities 1,227 - 1 + 301 1,371

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, April 16, 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 20 2 82 0 0 ... 104

U.S. Treasury securities2

Holdings 1 38 143 853,151 859,981 622,677 2,335,991

Weekly changes + 1 - 1 + 1 + 3,234 + 4,503 + 2,167 + 9,906

Federal agency debt securities3

Holdings 1,629 2,315 6,755 33,548 0 2,347 46,594

Weekly changes - 749 + 1,009 - 27 - 982 0 0 - 749

Mortgage-backed securities4

Holdings 0 0 0 6 3,447 1,629,176 1,632,629

Weekly changes 0 0 0 0 + 14 + 29,508 + 29,521

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 231 176 0 0 0 0 407

Reverse repurchase agreements6 173,515 0 ... ... ... ... 173,515

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 Apr 16, 2014

Mortgage-backed securities held outright1 1,632,629

Commitments to buy mortgage-backed securities2 40,609

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 Apr 16, 2014

Net portfolio holdings of Maiden Lane LLC1 1,586

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 Apr 16, 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 Apr 16, 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 Apr 16, 2014

Asset-backed securities holdings1 0

Other investments, net 92

Net portfolio holdings of TALF LLC 92

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

Apr 16, 2014 Apr 9, 2014 Apr 17, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,923 - 6 - 146

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,207,933 + 39,153 + 991,306

Securities held outright1 4,015,215 + 38,679 + 992,002

U.S. Treasury securities 2,335,991 + 9,906 + 510,949

Bills2 0 0 0

Notes and bonds, nominal2 2,226,297 + 9,812 + 493,248

Notes and bonds, inflation-indexed2 95,389 0 + 15,112

Inflation compensation3 14,305 + 94 + 2,589

Federal agency debt securities2 46,594 - 749 - 25,459

Mortgage-backed securities4 1,632,629 + 29,521 + 506,510

Unamortized premiums on securities held outright5 210,119 + 630 + 15,445

Unamortized discounts on securities held outright5 -17,504 - 160 - 15,840

Repurchase agreements6 0 0 0

Loans 104 + 5 - 300

Net portfolio holdings of Maiden Lane LLC7 1,586 + 1 + 180

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 92 0 - 300

Items in process of collection (0) 109 + 11 - 15

Bank premises 2,271 + 2 - 29

Central bank liquidity swaps11 407 0 - 7,145

Foreign currency denominated assets12 24,143 - 33 + 502

Other assets13 29,180 + 652 + 4,505

Total assets (0) 4,283,967 + 39,779 + 988,858

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

Apr 16, 2014 Apr 9, 2014 Apr 17, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,227,489 - 278 + 91,144

Reverse repurchase agreements14 173,515 - 8,738 + 75,938

Deposits (0) 2,818,762 + 48,617 + 825,287

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,670,804 - 27,084 + 821,575

U.S. Treasury, General Account 134,483 + 79,955 + 13,279

Foreign official 6,978 + 1 - 2,892

Other15 (0) 6,498 - 4,253 - 6,674

Deferred availability cash items (0) 772 + 52 - 151

Other liabilities and accrued dividends16 7,331 + 150 - 4,317

Total liabilities (0) 4,227,870 + 39,804 + 987,902

Capital accounts

Capital paid in 28,048 - 13 + 477

Surplus 28,048 - 13 + 477

Other capital accounts 0 0 0

Total capital 56,097 - 25 + 956

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, April 16, 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 1,923 35 91 122 124 329 229 276 21 47 152 173 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,207,933 85,117 2,582,695 100,807 91,872 235,178 232,607 171,989 51,903 25,796 55,427 128,214 446,329

Securities held outright1 4,015,215 81,221 2,464,392 96,192 87,666 224,413 221,959 164,107 49,525 24,607 52,890 122,345 425,898

U.S. Treasury securities 2,335,991 47,253 1,433,746 55,963 51,003 130,560 129,132 95,475 28,813 14,316 30,770 71,178 247,781

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

Notes and bonds3 2,335,991 47,253 1,433,746 55,963 51,003 130,560 129,132 95,475 28,813 14,316 30,770 71,178 247,781

Federal agency debt securities2 46,594 943 28,598 1,116 1,017 2,604 2,576 1,904 575 286 614 1,420 4,942

Mortgage-backed securities4 1,632,629 33,025 1,002,048 39,113 35,646 91,249 90,251 66,728 20,137 10,005 21,506 49,747 173,175

Unamortized premiums on securities 

held outright5 210,119 4,250 128,963 5,034 4,588 11,744 11,615 8,588 2,592 1,288 2,768 6,402 22,288

Unamortized discounts on securities 

held outright5 -17,504 -354 -10,743 -419 -382 -978 -968 -715 -216 -107 -231 -533 -1,857

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

Loans 104 0 82 0 0 0 1 10 2 9 1 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,586 0 1,586 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 92 0 92 0 0 0 0 0 0 0 0 0 0

Items in process of collection 109 0 0 0 0 0 108 0 0 0 0 0 0

Bank premises 2,271 123 428 73 110 226 210 200 126 99 245 230 202

Central bank liquidity swaps11 407 19 131 31 32 85 23 11 3 2 4 7 59

Foreign currency denominated assets12 24,143 1,098 7,766 1,815 1,920 5,034 1,388 667 203 102 254 404 3,493

Other assets13 29,180 633 17,530 708 643 1,795 1,607 1,185 425 250 409 956 3,038

Interdistrict settlement account 0 + 10,109 + 10,470 + 7,287 - 7,374 - 4,920 + 5,364 - 16,801 - 7,628 - 2,428 - 3,760 + 4,127 + 5,555

Total assets 4,283,967 97,681 2,626,817 111,391 88,027 238,963 243,539 158,657 45,481 24,130 53,176 135,272 460,831

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, April 16, 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 1,447,824 44,830 520,179 43,360 60,684 103,658 205,736 90,377 36,845 20,988 37,706 117,820 165,641

Less: Notes held by F.R. Banks 220,335 4,639 69,552 5,069 7,909 10,995 22,987 13,519 4,910 6,434 7,671 35,806 30,843

Federal Reserve notes, net 1,227,489 40,191 450,626 38,291 52,775 92,663 182,749 76,858 31,935 14,555 30,035 82,014 134,798

Reverse repurchase agreements14 173,515 3,510 106,497 4,157 3,788 9,698 9,592 7,092 2,140 1,063 2,286 5,287 18,405

Deposits 2,818,762 51,244 2,047,590 64,463 26,803 124,498 46,832 72,816 10,751 8,074 20,132 46,780 298,779

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 2,670,804 51,241 1,899,917 64,433 26,800 124,276 46,824 72,809 10,751 8,074 20,130 46,777 298,773

U.S. Treasury, General Account 134,483 0 134,483 0 0 0 0 0 0 0 0 0 0

Foreign official 6,978 2 6,950 3 3 8 2 1 0 0 0 1 6

Other15 6,498 1 6,240 27 0 213 6 6 0 0 1 2 1

Deferred availability cash items 772 0 0 0 0 0 696 0 0 76 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,902 25 1,224 35 32 82 109 76 22 11 33 60 194

Other liabilities and accrued

dividends17 5,429 176 2,525 225 218 557 368 286 138 119 122 208 488

Total liabilities 4,227,870 95,146 2,608,461 107,172 83,616 227,497 240,346 157,127 44,987 23,898 52,607 134,349 452,664

Capital

Capital paid in 28,048 1,268 9,178 2,110 2,206 5,733 1,597 765 247 116 285 462 4,083

Surplus 28,048 1,268 9,178 2,110 2,206 5,733 1,597 765 247 116 285 462 4,083

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

Total liabilities and capital 4,283,967 97,681 2,626,817 111,391 88,027 238,963 243,539 158,657 45,481 24,130 53,176 135,272 460,831

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, April 16, 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 Apr 16, 2014

Federal Reserve notes outstanding 1,447,824

Less: Notes held by F.R. Banks not subject to collateralization 220,335

Federal Reserve notes to be collateralized 1,227,489

Collateral held against Federal Reserve notes 1,227,489

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,211,253

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,015,215

Less: Face value of securities under reverse repurchase agreements 163,605

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,851,610

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.