FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks December 5, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Dec 4, 2013 Nov 27, 2013 Dec 5, 2012

Wednesday

Dec 4, 2013

Reserve Bank credit 3,884,390 + 2,188 +1,067,871 3,889,818

Securities held outright1 3,662,984 + 2,400 +1,044,185 3,668,024

U.S. Treasury securities 2,164,752 + 6,287 + 508,863 2,169,788

Bills2 0 0 0 0

Notes and bonds, nominal2 2,061,032 + 6,278 + 489,359 2,066,090

Notes and bonds, inflation-indexed2 89,979 0 + 16,635 89,979

Inflation compensation3 13,741 + 10 + 2,869 13,719

Federal agency debt securities2 58,372 0 - 20,911 58,372

Mortgage-backed securities4 1,439,860 - 3,887 + 556,233 1,439,864

Unamortized premiums on securities held outright5 207,596 - 253 + 42,027 207,768

Unamortized discounts on securities held outright5 -10,252 - 263 - 8,718 -10,412

Repurchase agreements6 0 0 0 0

Loans 166 - 11 - 802 161

Primary credit 4 - 8 - 5 3

Secondary credit 0 0 0 0

Seasonal credit 63 - 4 + 41 60

Term Asset-Backed Securities Loan Facility7 98 0 - 839 98

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,517 0 + 85 1,519

Net portfolio holdings of Maiden Lane II LLC9 63 0 + 2 63

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

Net portfolio holdings of TALF LLC11 110 0 - 746 110

Float -758 - 182 - 26 -744

Central bank liquidity swaps12 272 0 - 11,909 272

Other Federal Reserve assets13 22,670 + 497 + 3,774 23,035

Foreign currency denominated assets14 23,883 + 10 - 1,515 23,806

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,460 + 14 + 719 45,460

Total factors supplying reserve funds 3,969,974 + 2,211 +1,067,075 3,975,325

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Dec 4, 2013 Nov 27, 2013 Dec 5, 2012

Wednesday

Dec 4, 2013

Currency in circulation15 1,228,004 + 5,852 + 76,221 1,228,569

Reverse repurchase agreements16 116,577 + 12,417 + 21,452 109,592

Foreign official and international accounts 102,575 + 2,507 + 8,599 98,497

Others 14,001 + 9,909 + 12,852 11,095

Treasury cash holdings 225 + 10 + 78 230

Deposits with F.R. Banks, other than reserve balances 69,024 - 41,155 + 5,529 63,783

Term deposits held by depository institutions 13,532 0 + 10,489 13,532

U.S. Treasury, General Account 37,947 - 15,797 + 3,950 32,379

Foreign official 8,735 - 1 + 1,944 8,734

Other 8,811 - 25,356 - 10,852 9,139

Other liabilities and capital17 63,535 - 737 - 2,692 62,526

Total factors, other than reserve balances,

absorbing reserve funds 1,477,365 - 23,613 + 100,588 1,464,701

Reserve balances with Federal Reserve Banks 2,492,609 + 25,824 + 966,487 2,510,625

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

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

2. Face value of the securities.

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

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

the securities.

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

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

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

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

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Dec 4, 2013 Nov 27, 2013 Dec 5, 2012

Wednesday

Dec 4, 2013

Securities held in custody for foreign official and international

accounts 3,361,175 + 11,856 + 158,454 3,364,618

Marketable U.S. Treasury securities1 2,999,628 + 13,021 + 150,399 3,003,165

Federal agency debt and mortgage-backed securities2 318,775 - 852 + 1,365 318,609

Other securities3 42,772 - 313 + 6,691 42,844

Securities lent to dealers 13,620 + 1,529 + 7,777 11,929

Overnight facility4 13,620 + 1,529 + 7,777 11,929

U.S. Treasury securities 12,507 + 1,551 + 7,249 10,944

Federal agency debt securities 1,113 - 22 + 528 985

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 4, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 10 53 63 35 0 ... 161

U.S. Treasury securities2

Holdings 0 298 177 742,894 858,356 568,064 2,169,788

Weekly changes - 1 + 295 - 295 + 16,539 - 12,818 + 2,403 + 6,122

Federal agency debt securities3

Holdings 1,151 5,810 12,734 36,268 62 2,347 58,372

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 4 2,593 1,437,267 1,439,864

Weekly changes 0 0 0 + 1 + 41 - 32 + 10

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 28 244 0 0 0 0 272

Reverse repurchase agreements6 109,592 0 ... ... ... ... 109,592

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Dec 4, 2013

Mortgage-backed securities held outright1 1,439,864

Commitments to buy mortgage-backed securities2 77,305

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 16

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

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Dec 4, 2013

Net portfolio holdings of Maiden Lane LLC1 1,519

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Dec 4, 2013

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Dec 4, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Dec 4, 2013

Asset-backed securities holdings1 0

Other investments, net 110

Net portfolio holdings of TALF LLC 110

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Dec 4, 2013 Nov 27, 2013 Dec 5, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,926 0 - 189

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,865,541 + 6,005 +1,083,696

Securities held outright1 3,668,024 + 6,132 +1,051,503

U.S. Treasury securities 2,169,788 + 6,122 + 516,195

Bills2 0 0 0

Notes and bonds, nominal2 2,066,090 + 6,148 + 496,711

Notes and bonds, inflation-indexed2 89,979 0 + 16,635

Inflation compensation3 13,719 - 26 + 2,849

Federal agency debt securities2 58,372 0 - 20,911

Mortgage-backed securities4 1,439,864 + 10 + 556,218

Unamortized premiums on securities held outright5 207,768 + 82 + 41,870

Unamortized discounts on securities held outright5 -10,412 - 198 - 8,879

Repurchase agreements6 0 0 0

Loans 161 - 11 - 798

Net portfolio holdings of Maiden Lane LLC7 1,519 + 2 + 85

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 110 0 - 746

Items in process of collection (0) 94 + 5 - 23

Bank premises 2,284 - 10 - 50

Central bank liquidity swaps11 272 0 - 11,909

Foreign currency denominated assets12 23,806 - 38 - 1,598

Other assets13 20,753 + 787 + 3,552

Total assets (0) 3,932,626 + 6,750 +1,072,819

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Dec 4, 2013 Nov 27, 2013 Dec 5, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,185,260 + 1,267 + 72,938

Reverse repurchase agreements14 109,592 + 1,853 + 13,274

Deposits (0) 2,574,410 + 4,506 + 990,581

Term deposits held by depository institutions 13,532 0 + 10,489

Other deposits held by depository institutions 2,510,626 + 22,239 + 986,690

U.S. Treasury, General Account 32,379 - 13,054 + 10,948

Foreign official 8,734 - 6 + 757

Other (0) 9,139 - 4,674 - 18,304

Deferred availability cash items (0) 838 + 99 - 164

Other liabilities and accrued dividends15 7,547 - 990 - 4,095

Total liabilities (0) 3,877,647 + 6,735 +1,072,533

Capital accounts

Capital paid in 27,490 + 8 + 144

Surplus 27,490 + 8 + 144

Other capital accounts 0 0 0

Total capital 54,980 + 16 + 287

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

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

2. Face value of the securities.

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

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

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

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

amortization is on an effective-interest basis.

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

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

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

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

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

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

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

central bank.

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, December 4, 2013

Millions of dollars

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

Assets

Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

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

Coin 1,926 34 83 124 129 329 226 279 27 46 142 174 333

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,865,541 101,076 2,143,610 111,997 98,718 240,352 256,775 208,886 62,207 36,692 73,144 150,107 381,977

Securities held outright1 3,668,024 95,915 2,034,070 106,278 93,678 228,081 243,662 198,207 59,020 34,807 69,395 142,438 362,474

U.S. Treasury securities 2,169,788 56,738 1,203,236 62,868 55,414 134,919 144,136 117,248 34,913 20,590 41,050 84,258 214,418

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

Notes and bonds3 2,169,788 56,738 1,203,236 62,868 55,414 134,919 144,136 117,248 34,913 20,590 41,050 84,258 214,418

Federal agency debt securities2 58,372 1,526 32,370 1,691 1,491 3,630 3,878 3,154 939 554 1,104 2,267 5,768

Mortgage-backed securities4 1,439,864 37,651 798,464 41,719 36,773 89,532 95,648 77,805 23,168 13,663 27,241 55,913 142,287

Unamortized premiums on securities 

held outright5 207,768 5,433 115,216 6,020 5,306 12,919 13,802 11,227 3,343 1,972 3,931 8,068 20,532

Unamortized discounts on securities 

held outright5 -10,412 -272 -5,774 -302 -266 -647 -692 -563 -168 -99 -197 -404 -1,029

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

Loans 161 0 99 0 0 0 3 15 12 13 15 5 0

Net portfolio holdings of Maiden

Lane LLC7 1,519 0 1,519 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 110 0 110 0 0 0 0 0 0 0 0 0 0

Items in process of collection 95 0 0 0 0 0 93 0 0 0 0 0 0

Bank premises 2,284 122 429 72 111 228 211 202 127 100 247 231 204

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

Foreign currency denominated assets12 23,806 1,170 7,613 1,841 1,857 4,999 1,356 679 198 100 241 378 3,376

Other assets13 20,753 572 11,035 725 536 1,462 1,394 1,117 384 259 411 832 2,026

Interdistrict settlement account 0 - 36,417 + 215,537 - 16,433 - 5,576 - 22,239 - 50,288 - 54,415 - 18,493 - 15,274 - 26,627 - 31,920 + 62,144

Total assets 3,932,627 67,157 2,385,852 98,954 96,544 226,455 211,857 157,973 44,912 22,204 48,023 120,817 451,879

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

9. Statement of Condition of Each Federal Reserve Bank, December 4, 2013 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,422,491 46,208 521,634 43,186 59,957 108,066 172,452 91,146 35,774 22,336 37,297 119,015 165,421

Less: Notes held by F.R. Banks 237,231 10,727 55,294 6,846 6,601 10,228 20,921 18,315 3,473 9,738 11,011 53,712 30,365

Federal Reserve notes, net 1,185,260 35,481 466,340 36,339 53,356 97,838 151,530 72,831 32,302 12,597 26,286 65,302 135,056

Reverse repurchase agreements14 109,592 2,866 60,773 3,175 2,799 6,815 7,280 5,922 1,763 1,040 2,073 4,256 10,830

Deposits 2,574,410 26,085 1,837,156 55,029 35,748 109,637 48,651 77,319 10,217 8,096 18,927 50,069 297,476

Term deposits held by depository

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

Other deposits held by depository

institutions 2,510,626 26,077 1,776,920 55,006 35,745 109,390 48,139 76,190 10,206 7,995 18,835 49,959 296,165

U.S. Treasury, General Account 32,379 0 32,379 0 0 0 0 0 0 0 0 0 0

Foreign official 8,734 2 8,706 3 3 8 2 1 0 0 0 1 6

Other 9,140 1 8,861 20 0 213 10 23 1 0 1 4 6

Deferred availability cash items 838 0 0 0 0 0 748 0 0 90 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,460 35 852 35 25 81 107 76 15 13 28 57 135

Other liabilities and accrued

dividends16 6,087 188 3,063 238 241 612 379 306 153 135 129 222 421

Total liabilities 3,877,647 64,655 2,368,185 94,817 92,169 214,983 208,696 156,454 44,449 21,971 47,444 119,906 443,918

Capital

Capital paid in 27,490 1,251 8,833 2,068 2,188 5,736 1,580 759 231 116 290 455 3,981

Surplus 27,490 1,251 8,833 2,068 2,188 5,736 1,580 759 231 116 290 455 3,981

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

Total liabilities and capital 3,932,627 67,157 2,385,852 98,954 96,544 226,455 211,857 157,973 44,912 22,204 48,023 120,817 451,879

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

9. Statement of Condition of Each Federal Reserve Bank, December 4, 2013 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

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

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

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

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Dec 4, 2013

Federal Reserve notes outstanding 1,422,491

Less: Notes held by F.R. Banks not subject to collateralization 237,231

Federal Reserve notes to be collateralized 1,185,260

Collateral held against Federal Reserve notes 1,185,260

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,169,023

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,668,024

Less: Face value of securities under reverse repurchase agreements 99,360

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,568,664

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.