FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 10, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 9, 2014 
Federal Reserve Banks                                      Jul 9, 2014  Jul 2, 2014 Jul 10, 2013              

Reserve Bank credit                                         4,336,642   +    6,028   +  880,325    4,340,528  
  Securities held outright (1)                              4,113,143   +    4,446   +  887,796    4,116,066  
    U.S. Treasury securities                                2,405,583   +    4,445   +  457,555    2,408,506  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,292,949   +    4,352   +  440,564    2,295,845  
      Notes and bonds, inflation-indexed (2)                   96,771            0   +   13,745       96,771  
      Inflation compensation (3)                               15,863   +       93   +    3,246       15,890  
    Federal agency debt securities (2)                         43,659            0   -   25,521       43,659  
    Mortgage-backed securities (4)                          1,663,901   +        1   +  455,762    1,663,901  
  Unamortized premiums on securities held outright (5)        209,105   -      288   +    5,237      209,158  
  Unamortized discounts on securities held outright (5)       -18,514   -       19   -   16,047      -18,544  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           198   -        1   -      162          206  
    Primary credit                                                  1   -        9   -       13            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               147   +        7   +       56          157  
    Term Asset-Backed Securities Loan Facility (7)                 49            0   -      206           49  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,655   +        1   +      241        1,655  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   -        1           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                          77   -       13   -      193           60  
  Float                                                          -738   -      130   +      166         -652  
  Central bank liquidity swaps (12)                               124            0   -    1,383          124  
  Other Federal Reserve assets (13)                            31,508   +    2,033   +    4,671       32,369  
Foreign currency denominated assets (14)                       23,965   -       93   +      795       24,009  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,954   +       14   +      785       45,954  
                                                                                                              
Total factors supplying reserve funds                       4,422,802   +    5,949   +  881,905    4,426,733  

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





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 9, 2014 
Federal Reserve Banks                                      Jul 9, 2014  Jul 2, 2014 Jul 10, 2013              

Currency in circulation (15)                                 1,288,698   +    6,340   +   87,626    1,288,142 
Reverse repurchase agreements (16)                             244,577   -   36,444   +  154,842      248,252 
  Foreign official and international accounts                  106,222   -    3,607   +   16,487      103,331 
  Others                                                       138,355   -   32,837   +  138,355      144,921 
Treasury cash holdings                                             148   +        2   +       22          143 
Deposits with F.R. Banks, other than reserve balances          202,556   -    7,880   +   85,502      194,135 
  Term deposits held by depository institutions                124,887   +   32,467   +  124,887      124,887 
  U.S. Treasury, General Account                                63,826   -   36,259   -   24,864       56,503 
  Foreign official                                               5,868   -       73   -    4,090        5,866 
  Other (17)                                                     7,975   -    4,015   -   10,431        6,878 
Other liabilities and capital (18)                              63,991   -      203   +    1,671       63,007 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,799,970   -   38,187   +  329,664    1,793,680 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,622,832   +   44,135   +  552,241    2,633,053 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jul 9, 2014 
                                                           Jul 9, 2014  Jul 2, 2014 Jul 10, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,309,094   +    5,327   +   24,425    3,314,066 
  Marketable U.S. Treasury securities (1)                    2,975,142   +    4,988   +   29,448    2,980,627 
  Federal agency debt and mortgage-backed securities (2)       291,879   +       12   -    8,615      291,674 
  Other securities (3)                                          42,072   +      326   +    3,591       41,765 
Securities lent to dealers                                      13,803   -    2,561   +    1,919       13,403 
  Overnight facility (4)                                        13,803   -    2,561   +    1,919       13,403 
    U.S. Treasury securities                                    12,673   -    2,453   +    1,708       12,238 
    Federal agency debt securities                               1,130   -      108   +      211        1,165 

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


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 9, 2014        

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       39           153            14             0             0           ...           206 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            47         1,995       949,862       811,565       645,037     2,408,506 
  Weekly changes                                 0             0             0    +       12    +    2,786    +    1,132    +    3,929 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,009         2,644         4,111        33,548             0         2,347        43,659 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         3,924     1,659,967     1,663,901 
  Weekly changes                                 0             0             0             0    +      199    -      199             0 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)               124             0             0             0             0             0           124 
                                                                                                                                       
Reverse repurchase agreements (6)          248,252             0           ...           ...           ...           ...       248,252 
Term deposits                              124,887             0             0           ...           ...           ...       124,887 

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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 9, 2014  

Mortgage-backed securities held outright (1)                                                                             1,663,901  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           68,525  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



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
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 9, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,655  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

                                              

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 9, 2014  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The deferred payment represents the portion of the proceeds of the net portfolio            
    holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
    agreement. The fair value of this payment and accrued interest payable are included in other        
    liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.


Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 9, 2014  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                      0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

               

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 9, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          60  
Net portfolio holdings of TALF LLC                                                                                              60  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 9, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jul 2, 2014 Jul 10, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,878   +        2   -       90  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,306,887   +    3,763   +  875,212  
    Securities held outright (1)                                          4,116,066   +    3,930   +  886,205  
      U.S. Treasury securities                                            2,408,506   +    3,929   +  455,977  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,295,845   +    3,841   +  438,973  
        Notes and bonds, inflation-indexed (2)                               96,771            0   +   13,745  
        Inflation compensation (3)                                           15,890   +       88   +    3,259  
      Federal agency debt securities (2)                                     43,659            0   -   25,521  
      Mortgage-backed securities (4)                                      1,663,901            0   +  455,749  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,158   -      157   +    5,201  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,544   -       21   -   16,033  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       206   +       11   -      163  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,655            0   +      240  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   -        1  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                        60   -       30   -      208  
  Items in process of collection                                   (0)           98   +        3   +        3  
  Bank premises                                                               2,261            0   -       33  
  Central bank liquidity swaps (11)                                             124            0   -    1,355  
  Foreign currency denominated assets (12)                                   24,009   -       98   +      793  
  Other assets (13)                                                          30,108   +    2,729   +    4,745  
                                                                                                               
Total assets                                                       (0)    4,383,401   +    6,370   +  879,306  

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





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 9, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jul 2, 2014 Jul 10, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,244,205   +      538   +   87,349 
  Reverse repurchase agreements (14)                                         248,252   -    9,870   +  162,349 
  Deposits                                                          (0)    2,827,188   +   15,573   +  628,152 
    Term deposits held by depository institutions                            124,887   +   32,467   +  124,887 
    Other deposits held by depository institutions                         2,633,053   +   28,273   +  550,000 
    U.S. Treasury, General Account                                            56,503   -   44,582   -   18,751 
    Foreign official                                                           5,866   -       75   -    4,078 
    Other (15)                                                      (0)        6,878   -      511   -   23,907 
  Deferred availability cash items                                  (0)          749   -       38   -      130 
  Other liabilities and accrued dividends (16)                                 6,689   +      167   +      250 
                                                                                                               
Total liabilities                                                   (0)    4,327,083   +    6,370   +  877,971 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,159            0   +      667 
  Surplus                                                                     28,159            0   +      667 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,319   +        1   +    1,336 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, July 9, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 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                                             1,878          33          81          119         119         315         220         276          22          45         150         179         320
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,306,887      87,117   2,643,333      103,175      94,030     240,703     238,092     176,043      53,155      26,450      56,737     131,233     456,819
    Securities held outright (1)               4,116,066      83,261   2,526,291       98,608      89,868     230,050     227,534     168,229      50,769      25,225      54,218     125,418     436,595
      U.S. Treasury securities                 2,408,506      48,720   1,478,253       57,700      52,586     134,613     133,141      98,439      29,707      14,760      31,726      73,388     255,473
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,408,506      48,720   1,478,253       57,700      52,586     134,613     133,141      98,439      29,707      14,760      31,726      73,388     255,473
      Federal agency debt securities (2)          43,659         883      26,796        1,046         953       2,440       2,413       1,784         539         268         575       1,330       4,631
      Mortgage-backed securities (4)           1,663,901      33,658   1,021,242       39,862      36,329      92,997      91,979      68,006      20,523      10,197      21,917      50,700     176,492
    Unamortized premiums on securities held 
      outright (5)                               209,158       4,231     128,374        5,011       4,567      11,690      11,562       8,549       2,580       1,282       2,755       6,373      22,186
    Unamortized discounts on securities     
      held outright (5)                          -18,544        -375     -11,381         -444        -405      -1,036      -1,025        -758        -229        -114        -244        -565      -1,967
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            206           0          49            0           0           0          22          23          35          58           8           7           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,655           0       1,655            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)             60           0          60            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      98           0           0            0           0           0          97           0           0           0           0           0           0
  Bank premises                                    2,261         121         431           74         110         224         209         198         124          98         244         226         201
  Central bank liquidity swaps (11)                  124           6          40            9          10          26           7           3           1           1           1           2          18
  Foreign currency denominated assets (12)        24,009       1,092       7,723        1,805       1,909       5,006       1,380         663         202         101         253         401       3,474
  Other assets (13)                               30,108         648      18,145          723         661       1,852       1,663       1,227         432         256         420         953       3,127
  Interdistrict settlement account                     0  +   27,975  -   24,854   +    8,242  +    3,751  -   10,863  +    9,295  -   20,635  -   10,778  -    3,407  -    3,772  -    4,256  +   29,300
                                                                                                                                                                                                         
Total assets                                   4,383,401     117,540   2,652,642      114,695     101,291     238,499     252,966     158,905      43,586      23,808      54,477     129,901     495,089

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





9. Statement of Condition of Each Federal Reserve Bank, July 9, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,451,650      45,247     500,608      42,986      65,176     105,714     212,899      93,630      37,118      21,200      37,541     115,949     173,583
    Less: Notes held by F.R. Banks               207,445       4,919      66,666       6,076       8,727      10,792      20,748      14,712       4,933       4,947       5,335      31,022      28,567
      Federal Reserve notes, net               1,244,205      40,328     433,942      36,910      56,449      94,922     192,151      78,918      32,185      16,252      32,206      84,926     145,016
  Reverse repurchase agreements (14)             248,252       5,022     152,368       5,947       5,420      13,875      13,723      10,146       3,062       1,521       3,270       7,564      26,332
  Deposits                                     2,827,188      69,441   2,044,541      67,385      34,764     117,602      42,761      67,970       7,686       5,601      18,272      36,218     314,946
    Term deposits held by depository        
        institutions                             124,887         105     104,935       1,215       2,770          72         535      10,225          55          65         205         205       4,500
    Other deposits held by depository       
        institutions                           2,633,053      69,334   1,870,531      66,138      31,990     117,430      42,217      57,736       7,631       5,536      18,066      36,008     310,437
    U.S. Treasury, General Account                56,503           0      56,503           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,866           2       5,839           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     6,878           1       6,732          29           0          92           7           8           0           0           1           5           3
  Deferred availability cash items                   749           0           0           0           0           0         674           0           0          75           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         2,149          41       1,359          47          42         108         113          90          25          12          27          64         221
  Other liabilities and accrued             
     dividends (17)                                4,540         149       2,050         180         177         466         330         255         134         112         116         190         381
                                                                                                                                                                                                        
Total liabilities                              4,327,083     114,981   2,634,259     110,469      96,853     226,973     249,752     157,379      43,091      23,574      53,891     128,963     486,896
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,159       1,279       9,191       2,113       2,219       5,763       1,607         763         248         117         293         469       4,096
  Surplus                                         28,159       1,279       9,191       2,113       2,219       5,763       1,607         763         248         117         293         469       4,096
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,383,401     117,540   2,652,642     114,695     101,291     238,499     252,966     158,905      43,586      23,808      54,477     129,901     495,089

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





9. Statement of Condition of Each Federal Reserve Bank, July 9, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jul 9, 2014  

Federal Reserve notes outstanding                                                            1,451,650  
  Less: Notes held by F.R. Banks not subject to collateralization                              207,445  
    Federal Reserve notes to be collateralized                                               1,244,205  
Collateral held against Federal Reserve notes                                                1,244,205  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,227,968  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,116,066  
  Less: Face value of securities under reverse repurchase agreements                           239,197  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,876,869  

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.