FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

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

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

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

The revised data are reported at the following 

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

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

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

For Release at

4:30 P.M. EST

February 20, 2014

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository

Institutions and Condition Statement of Federal Reserve Banks,” has been modified to reflect a

change to tables 1, 8, and 9. Effective February 18, 2014, deposits held at the Reserve Banks by

financial market utilities that were designated as systemically important by the Financial

Stability Oversight Council under Title VIII of the Dodd-Frank Wall Street Reform and

Consumer Protection Act will be included in “Deposits with F.R. Banks, other than reserve

balances, Other” on table 1 and in “Deposits, Other” on tables 8 and 9. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 20, 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

Feb 19, 2014 Feb 12, 2014 Feb 20, 2013

Wednesday

Feb 19, 2014

Reserve Bank credit 4,108,823 + 35,482 +1,071,468 4,105,653

Securities held outright1 3,879,280 + 36,982 +1,049,808 3,887,969

U.S. Treasury securities 2,263,311 + 4,663 + 528,811 2,267,872

Bills2 0 0 0 0

Notes and bonds, nominal2 2,156,383 + 4,666 + 509,921 2,160,945

Notes and bonds, inflation-indexed2 93,583 0 + 16,084 93,583

Inflation compensation3 13,345 - 2 + 2,805 13,344

Federal agency debt securities2 51,411 0 - 23,202 51,411

Mortgage-backed securities4 1,564,558 + 32,318 + 544,199 1,568,686

Unamortized premiums on securities held outright5 209,329 + 788 + 26,724 209,440

Unamortized discounts on securities held outright5 -14,967 - 312 - 13,313 -15,148

Repurchase agreements6 0 0 0 0

Loans 101 - 1 - 347 101

Primary credit 0 - 4 - 8 2

Secondary credit 0 0 0 0

Seasonal credit 4 + 2 + 3 3

Term Asset-Backed Securities Loan Facility7 96 0 - 343 96

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,580 + 1 + 179 1,580

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

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

Net portfolio holdings of TALF LLC11 106 0 - 401 106

Float -594 + 29 + 83 -1,114

Central bank liquidity swaps12 360 0 - 4,832 360

Other Federal Reserve assets13 33,542 - 2,005 + 13,563 22,272

Foreign currency denominated assets14 24,030 + 122 - 358 24,065

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,637 + 14 + 752 45,637

Total factors supplying reserve funds 4,194,732 + 35,618 +1,071,863 4,191,596

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

Feb 19, 2014 Feb 12, 2014 Feb 20, 2013

Wednesday

Feb 19, 2014

Currency in circulation15 1,241,340 + 9,592 + 72,484 1,245,896

Reverse repurchase agreements16 192,820 - 5,714 + 95,898 193,885

Foreign official and international accounts 106,223 + 9,169 + 9,301 110,586

Others 86,597 - 14,882 + 86,597 83,299

Treasury cash holdings 268 + 2 + 70 269

Deposits with F.R. Banks, other than reserve balances 80,272 + 5,218 - 42,568 78,163

Term deposits held by depository institutions 0 - 12,822 0 0

U.S. Treasury, General Account 41,184 + 4,774 + 16,307 49,750

Foreign official 8,031 + 36 - 385 7,977

Other17 31,057 + 13,231 - 58,491 20,436

Other liabilities and capital18 63,679 - 165 - 2,991 62,767

Total factors, other than reserve balances,

absorbing reserve funds 1,578,380 + 8,935 + 122,894 1,580,979

Reserve balances with Federal Reserve Banks 2,616,352 + 26,683 + 948,969 2,610,617

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

Feb 19, 2014 Feb 12, 2014 Feb 20, 2013

Wednesday

Feb 19, 2014

Securities held in custody for foreign official and international

accounts 3,312,932 - 491 + 10,902 3,320,457

Marketable U.S. Treasury securities1 2,962,887 + 1,972 + 1,568 2,971,217

Federal agency debt and mortgage-backed securities2 305,213 - 2,514 + 2,046 304,409

Other securities3 44,832 + 51 + 7,289 44,832

Securities lent to dealers 10,450 + 756 - 7,535 10,945

Overnight facility4 10,450 + 756 - 7,535 10,945

U.S. Treasury securities 9,388 + 827 - 7,905 9,802

Federal agency debt securities 1,062 - 71 + 370 1,143

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, February 19, 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 5 0 64 33 0 ... 101

U.S. Treasury securities2

Holdings 295 3 177 819,714 847,898 599,784 2,267,872

Weekly changes + 294 - 295 + 2 + 41,643 - 37,363 + 2,490 + 6,773

Federal agency debt securities3

Holdings 0 7,329 7,205 34,468 62 2,347 51,411

Weekly changes 0 + 883 - 883 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,940 1,565,740 1,568,686

Weekly changes 0 0 0 0 + 239 + 36,204 + 36,444

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 29 331 0 0 0 0 360

Reverse repurchase agreements6 193,885 0 ... ... ... ... 193,885

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 Feb 19, 2014

Mortgage-backed securities held outright1 1,568,686

Commitments to buy mortgage-backed securities2 45,035

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Feb 19, 2014

Net portfolio holdings of Maiden Lane LLC1 1,580

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Feb 19, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Feb 19, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Feb 19, 2014

Asset-backed securities holdings1 0

Other investments, net 106

Net portfolio holdings of TALF LLC 106

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

Feb 19, 2014 Feb 12, 2014 Feb 20, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,039 - 12 - 167

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,082,363 + 43,745 +1,056,196

Securities held outright1 3,887,969 + 43,217 +1,044,188

U.S. Treasury securities 2,267,872 + 6,773 + 531,416

Bills2 0 0 0

Notes and bonds, nominal2 2,160,945 + 6,775 + 512,509

Notes and bonds, inflation-indexed2 93,583 0 + 16,084

Inflation compensation3 13,344 - 3 + 2,823

Federal agency debt securities2 51,411 0 - 23,202

Mortgage-backed securities4 1,568,686 + 36,444 + 535,974

Unamortized premiums on securities held outright5 209,440 + 907 + 25,850

Unamortized discounts on securities held outright5 -15,148 - 380 - 13,496

Repurchase agreements6 0 0 0

Loans 101 0 - 347

Net portfolio holdings of Maiden Lane LLC7 1,580 + 1 + 180

Net portfolio holdings of Maiden Lane II LLC8 63 0 + 2

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 106 0 - 401

Items in process of collection (0) 117 + 40 - 456

Bank premises 2,282 + 3 - 26

Central bank liquidity swaps11 360 0 - 4,832

Foreign currency denominated assets12 24,065 + 203 - 313

Other assets13 19,990 - 14,227 + 3,891

Total assets (0) 4,149,224 + 29,750 +1,054,074

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

Feb 19, 2014 Feb 12, 2014 Feb 20, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,202,562 + 10,869 + 74,839

Reverse repurchase agreements14 193,885 + 1,813 + 100,764

Deposits (0) 2,688,780 + 15,853 + 880,668

Term deposits held by depository institutions 0 - 12,822 0

Other deposits held by depository institutions 2,610,617 + 8,832 + 942,234

U.S. Treasury, General Account 49,750 + 17,186 + 9,047

Foreign official 7,977 + 6 - 424

Other15 (0) 20,436 + 2,652 - 70,189

Deferred availability cash items (0) 1,230 + 465 - 410

Other liabilities and accrued dividends16 6,938 + 726 - 2,634

Total liabilities (0) 4,093,395 + 29,727 +1,053,227

Capital accounts

Capital paid in 27,914 + 11 + 423

Surplus 27,914 + 11 + 423

Other capital accounts 0 0 0

Total capital 55,829 + 24 + 847

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, February 19, 2014

Millions of dollars

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

Assets

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

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

Coin 2,039 39 94 129 135 347 241 285 23 52 158 191 346

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,082,363 106,747 2,263,877 118,281 104,257 253,838 271,180 220,592 65,685 38,740 77,232 158,524 403,410

Securities held outright1 3,887,969 101,666 2,156,038 112,651 99,295 241,757 258,273 210,092 62,559 36,894 73,556 150,979 384,209

U.S. Treasury securities 2,267,872 59,303 1,257,628 65,710 57,919 141,018 150,652 122,548 36,491 21,520 42,906 88,067 224,111

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

Notes and bonds3 2,267,872 59,303 1,257,628 65,710 57,919 141,018 150,652 122,548 36,491 21,520 42,906 88,067 224,111

Federal agency debt securities2 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080

Mortgage-backed securities4 1,568,686 41,020 869,900 45,452 40,063 97,542 104,206 84,766 25,241 14,886 29,678 60,916 155,017

Unamortized premiums on securities 

held outright5 209,440 5,477 116,143 6,068 5,349 13,023 13,913 11,317 3,370 1,987 3,962 8,133 20,697

Unamortized discounts on securities 

held outright5 -15,148 -396 -8,400 -439 -387 -942 -1,006 -819 -244 -144 -287 -588 -1,497

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

Loans 101 0 96 0 0 0 1 1 0 2 0 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,580 0 1,580 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 106 0 106 0 0 0 0 0 0 0 0 0 0

Items in process of collection 117 0 0 0 0 0 116 0 0 0 0 0 0

Bank premises 2,282 124 430 73 110 227 211 201 126 99 246 231 203

Central bank liquidity swaps11 360 16 116 27 29 75 21 10 3 2 4 6 52

Foreign currency denominated assets12 24,065 1,094 7,741 1,809 1,914 5,018 1,383 664 202 102 253 402 3,482

Other assets13 19,990 567 10,593 593 523 1,429 1,330 1,070 395 257 404 864 1,964

Interdistrict settlement account 0 - 28,605 + 289,663 - 11,204 - 23,374 - 24,903 - 62,552 - 75,017 - 19,775 - 16,766 - 25,043 - 39,830 + 37,406

Total assets 4,149,224 80,570 2,580,028 110,314 84,343 237,299 214,004 149,022 47,120 22,766 53,716 121,398 448,644

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, February 19, 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 1,385,670 44,453 509,731 40,820 60,333 103,490 167,061 88,026 34,872 20,366 36,755 118,872 160,890

Less: Notes held by F.R. Banks 183,108 3,881 34,239 4,745 6,553 7,019 15,226 12,908 2,892 7,756 10,485 49,994 27,411

Federal Reserve notes, net 1,202,562 40,572 475,492 36,075 53,780 96,471 151,835 75,118 31,981 12,610 26,270 68,879 133,479

Reverse repurchase agreements14 193,885 5,070 107,517 5,618 4,952 12,056 12,880 10,477 3,120 1,840 3,668 7,529 19,160

Deposits 2,688,780 32,177 1,975,839 64,186 20,930 116,592 44,432 61,451 11,352 7,836 23,010 43,748 287,227

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 2,610,617 32,172 1,897,908 64,161 20,927 116,423 44,421 61,442 11,351 7,836 23,008 43,747 287,221

U.S. Treasury, General Account 49,750 0 49,750 0 0 0 0 0 0 0 0 0 0

Foreign official 7,977 2 7,949 3 3 8 2 1 0 0 0 1 6

Other15 20,436 3 20,232 21 0 160 10 7 0 0 1 1 1

Deferred availability cash items 1,230 0 0 0 0 0 1,125 0 0 105 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,087 59 1,117 69 58 158 142 105 32 16 37 80 214

Other liabilities and accrued

dividends17 4,850 190 1,736 230 219 549 419 351 152 126 142 245 493

Total liabilities 4,093,395 78,068 2,561,701 106,177 79,939 225,825 210,834 147,501 46,636 22,533 53,127 120,481 440,573

Capital

Capital paid in 27,914 1,251 9,164 2,068 2,202 5,737 1,585 760 242 117 295 459 4,035

Surplus 27,914 1,251 9,164 2,068 2,202 5,737 1,585 760 242 117 295 459 4,035

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

Total liabilities and capital 4,149,224 80,570 2,580,028 110,314 84,343 237,299 214,004 149,022 47,120 22,766 53,716 121,398 448,644

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, February 19, 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 Feb 19, 2014

Federal Reserve notes outstanding 1,385,670

Less: Notes held by F.R. Banks not subject to collateralization 183,108

Federal Reserve notes to be collateralized 1,202,562

Collateral held against Federal Reserve notes 1,202,562

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,186,325

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,887,969

Less: Face value of securities under reverse repurchase agreements 189,307

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,698,662

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.