FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 21, 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

Aug 20, 2014 Aug 13, 2014 Aug 21, 2013

Wednesday

Aug 20, 2014

Reserve Bank credit 4,373,473 - 3,693 + 783,768 4,370,641

Securities held outright1 4,155,470 + 8,659 + 786,927 4,154,858

U.S. Treasury securities 2,430,096 + 3,737 + 422,264 2,431,395

Bills2 0 0 0 0

Notes and bonds, nominal2 2,315,889 + 3,158 + 406,984 2,317,170

Notes and bonds, inflation-indexed2 97,755 + 423 + 11,936 97,755

Inflation compensation3 16,452 + 156 + 3,344 16,470

Federal agency debt securities2 41,562 - 484 - 24,151 41,562

Mortgage-backed securities4 1,683,812 + 5,407 + 388,814 1,681,901

Unamortized premiums on securities held outright5 209,541 + 309 + 5,714 209,502

Unamortized discounts on securities held outright5 -18,674 - 6 - 14,528 -18,673

Repurchase agreements6 0 0 0 0

Loans 278 + 10 - 66 292

Primary credit 10 + 5 - 12 22

Secondary credit 0 0 0 0

Seasonal credit 234 + 5 + 85 236

Term Asset-Backed Securities Loan Facility7 34 0 - 139 34

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,669 0 + 182 1,668

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 44 0 - 151 44

Float -577 - 4 + 83 -543

Central bank liquidity swaps12 75 0 - 242 75

Other Federal Reserve assets13 25,562 - 12,660 + 5,849 23,333

Foreign currency denominated assets14 23,647 - 68 - 350 23,493

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 46,048 + 14 + 799 46,048

Total factors supplying reserve funds 4,459,408 - 3,748 + 784,215 4,456,423

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

Aug 20, 2014 Aug 13, 2014 Aug 21, 2013

Wednesday

Aug 20, 2014

Currency in circulation15 1,287,252 - 829 + 88,854 1,287,704

Reverse repurchase agreements16 247,586 + 18,768 + 148,554 268,591

Foreign official and international accounts 118,766 + 19,557 + 21,163 118,147

Others 128,820 - 789 + 127,391 150,444

Treasury cash holdings 155 0 + 4 161

Deposits with F.R. Banks, other than reserve balances 69,871 - 25,062 - 50,189 67,164

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 42,803 - 35,263 - 8,371 32,225

Foreign official 6,591 + 26 - 3,796 6,566

Other17 20,477 + 10,175 - 38,022 28,373

Other liabilities and capital18 64,369 - 8 + 488 62,961

Total factors, other than reserve balances,

absorbing reserve funds 1,669,234 - 7,130 + 187,713 1,686,580

Reserve balances with Federal Reserve Banks 2,790,174 + 3,382 + 596,503 2,769,843

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

Aug 20, 2014 Aug 13, 2014 Aug 21, 2013

Wednesday

Aug 20, 2014

Securities held in custody for foreign official and international

accounts 3,322,125 - 3,078 + 38,679 3,320,270

Marketable U.S. Treasury securities1 2,990,602 - 1,789 + 54,889 2,990,734

Federal agency debt and mortgage-backed securities2 287,874 - 1,841 - 22,317 285,918

Other securities3 43,649 + 551 + 6,107 43,618

Securities lent to dealers 9,383 - 1,193 - 3,553 9,908

Overnight facility4 9,383 - 1,193 - 3,553 9,908

U.S. Treasury securities 8,563 - 1,054 - 3,581 9,162

Federal agency debt securities 820 - 138 + 28 746

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, August 20, 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 247 45 0 0 0 ... 292

U.S. Treasury securities2

Holdings 5 89 3,194 1,022,076 751,222 654,810 2,431,395

Weekly changes + 3 + 83 + 1,199 + 52,152 - 51,633 + 1,945 + 3,748

Federal agency debt securities3

Holdings 0 1,862 4,607 32,746 0 2,347 41,562

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 3,899 1,677,992 1,681,901

Weekly changes 0 0 0 0 + 13 - 6,683 - 6,670

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 75 0 0 0 0 0 75

Reverse repurchase agreements6 268,591 0 ... ... ... ... 268,591

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 Aug 20, 2014

Mortgage-backed securities held outright1 1,681,901

Commitments to buy mortgage-backed securities2 67,216

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 27

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 Aug 20, 2014

Net portfolio holdings of Maiden Lane LLC1 1,668

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 June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Aug 20, 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 June 30, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Aug 20, 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 June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Aug 20, 2014

Asset-backed securities holdings1 0

Other investments, net 44

Net portfolio holdings of TALF LLC 44

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

Aug 20, 2014 Aug 13, 2014 Aug 21, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,936 + 7 - 61

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,345,979 - 2,945 + 764,899

Securities held outright1 4,154,858 - 2,922 + 773,788

U.S. Treasury securities 2,431,395 + 3,748 + 419,226

Bills2 0 0 0

Notes and bonds, nominal2 2,317,170 + 3,169 + 403,948

Notes and bonds, inflation-indexed2 97,755 + 423 + 11,936

Inflation compensation3 16,470 + 156 + 3,342

Federal agency debt securities2 41,562 0 - 24,151

Mortgage-backed securities4 1,681,901 - 6,670 + 378,712

Unamortized premiums on securities held outright5 209,502 - 60 + 5,402

Unamortized discounts on securities held outright5 -18,673 + 19 - 14,305

Repurchase agreements6 0 0 0

Loans 292 + 18 + 14

Net portfolio holdings of Maiden Lane LLC7 1,668 - 1 + 177

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 44 0 - 151

Items in process of collection (0) 73 - 8 - 35

Bank premises 2,264 + 3 - 26

Central bank liquidity swaps11 75 0 - 242

Foreign currency denominated assets12 23,493 - 167 - 532

Other assets13 21,070 - 15,889 + 3,229

Total assets (0) 4,412,924 - 18,999 + 767,256

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

Aug 20, 2014 Aug 13, 2014 Aug 21, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,243,749 - 1,124 + 87,372

Reverse repurchase agreements14 268,591 + 34,985 + 172,249

Deposits (0) 2,837,007 - 52,093 + 507,895

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,769,843 - 29,507 + 569,651

U.S. Treasury, General Account 32,225 - 36,445 - 9,302

Foreign official 6,566 0 - 3,810

Other15 (0) 28,373 + 13,858 - 48,645

Deferred availability cash items (0) 616 - 48 - 160

Other liabilities and accrued dividends16 6,604 - 741 - 1,370

Total liabilities (0) 4,356,567 - 19,021 + 765,986

Capital accounts

Capital paid in 28,178 + 10 + 634

Surplus 28,178 + 10 + 634

Other capital accounts 0 0 0

Total capital 56,357 + 22 + 1,270

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, August 20, 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 1,936 32 90 122 125 321 226 277 28 49 151 184 332

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,345,979 87,906 2,667,258 104,109 94,883 242,883 240,248 177,639 53,666 26,752 57,251 132,425 460,958

Securities held outright1 4,154,858 84,045 2,550,101 99,538 90,715 232,218 229,678 169,815 51,247 25,462 54,729 126,600 440,710

U.S. Treasury securities 2,431,395 49,183 1,492,302 58,249 53,086 135,892 134,406 99,375 29,990 14,900 32,027 74,085 257,901

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

Notes and bonds3 2,431,395 49,183 1,492,302 58,249 53,086 135,892 134,406 99,375 29,990 14,900 32,027 74,085 257,901

Federal agency debt securities2 41,562 841 25,509 996 907 2,323 2,298 1,699 513 255 547 1,266 4,409

Mortgage-backed securities4 1,681,901 34,022 1,032,290 40,293 36,722 94,003 92,975 68,742 20,745 10,307 22,155 51,248 178,401

Unamortized premiums on securities 

held outright5 209,502 4,238 128,585 5,019 4,574 11,709 11,581 8,563 2,584 1,284 2,760 6,384 22,222

Unamortized discounts on securities 

held outright5 -18,673 -378 -11,461 -447 -408 -1,044 -1,032 -763 -230 -114 -246 -569 -1,981

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

Loans 292 0 34 0 2 0 21 24 65 120 9 11 7

Net portfolio holdings of Maiden

Lane LLC7 1,668 0 1,668 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 44 0 44 0 0 0 0 0 0 0 0 0 0

Items in process of collection 73 0 0 0 0 0 72 0 0 1 0 0 0

Bank premises 2,264 121 435 74 109 223 210 199 124 97 244 226 201

Central bank liquidity swaps11 75 3 24 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 23,493 1,068 7,557 1,766 1,868 4,898 1,351 649 197 99 247 393 3,399

Other assets13 21,070 455 12,549 650 457 1,329 1,139 845 296 193 295 707 2,154

Interdistrict settlement account 0 + 19,618 - 2,335 + 9,581 + 447 - 23,130 + 7,819 - 19,669 - 11,649 - 3,158 - 2,773 + 80 + 25,169

Total assets 4,412,924 109,753 2,693,319 116,856 98,596 227,777 253,072 161,072 43,091 24,296 55,859 135,179 494,055

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, August 20, 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 1,445,610 44,838 494,194 42,904 65,476 104,494 213,170 91,834 37,478 20,937 37,024 116,190 177,071

Less: Notes held by F.R. Banks 201,861 5,110 63,950 6,494 9,136 11,614 20,527 12,959 5,209 4,428 5,357 28,181 28,895

Federal Reserve notes, net 1,243,749 39,729 430,243 36,411 56,340 92,881 192,643 78,875 32,269 16,509 31,667 88,009 148,176

Reverse repurchase agreements14 268,591 5,433 164,851 6,435 5,864 15,012 14,848 10,978 3,313 1,646 3,538 8,184 28,490

Deposits 2,837,007 61,844 2,076,363 69,544 31,738 107,811 41,402 69,372 6,853 5,708 19,932 37,805 308,635

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 2,769,843 61,837 2,009,477 69,508 31,735 107,613 41,393 69,362 6,852 5,708 19,930 37,801 308,626

U.S. Treasury, General Account 32,225 0 32,225 0 0 0 0 0 0 0 0 0 0

Foreign official 6,566 2 6,539 3 3 8 2 1 0 0 0 1 6

Other15 28,373 5 28,122 33 0 189 7 9 0 0 1 3 3

Deferred availability cash items 616 0 0 0 0 0 540 0 0 77 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,661 27 1,079 30 26 62 97 68 19 9 19 55 169

Other liabilities and accrued

dividends17 4,943 157 2,398 196 187 485 332 252 132 113 117 187 387

Total liabilities 4,356,567 107,190 2,674,935 112,615 94,155 216,250 249,861 159,545 42,587 24,061 55,272 134,240 485,857

Capital

Capital paid in 28,178 1,281 9,192 2,120 2,221 5,763 1,606 763 252 117 294 469 4,099

Surplus 28,178 1,281 9,192 2,120 2,221 5,763 1,606 763 252 117 294 469 4,099

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

Total liabilities and capital 4,412,924 109,753 2,693,319 116,856 98,596 227,777 253,072 161,072 43,091 24,296 55,859 135,179 494,055

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, August 20, 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 Aug 20, 2014

Federal Reserve notes outstanding 1,445,610

Less: Notes held by F.R. Banks not subject to collateralization 201,861

Federal Reserve notes to be collateralized 1,243,749

Collateral held against Federal Reserve notes 1,243,749

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,227,512

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,154,858

Less: Face value of securities under reverse repurchase agreements 250,380

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,904,478

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.