FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 4, 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

Sep 3, 2014 Aug 27, 2014 Sep 4, 2013

Wednesday

Sep 3, 2014

Reserve Bank credit 4,373,507 - 2,457 + 766,393 4,373,019

Securities held outright1 4,156,862 - 2,633 + 770,825 4,156,864

U.S. Treasury securities 2,436,986 + 3,338 + 408,031 2,436,986

Bills2 0 0 0 0

Notes and bonds, nominal2 2,322,690 + 3,297 + 392,757 2,322,690

Notes and bonds, inflation-indexed2 97,755 0 + 11,936 97,755

Inflation compensation3 16,541 + 41 + 3,338 16,541

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

Mortgage-backed securities4 1,678,313 - 5,972 + 386,944 1,678,316

Unamortized premiums on securities held outright5 209,182 - 404 + 5,754 209,039

Unamortized discounts on securities held outright5 -18,685 + 10 - 13,448 -18,673

Repurchase agreements6 0 0 0 0

Loans 299 + 7 + 29 362

Primary credit 28 + 14 + 11 95

Secondary credit 0 0 0 0

Seasonal credit 238 - 6 + 88 234

Term Asset-Backed Securities Loan Facility7 34 0 - 68 34

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,665 - 3 + 173 1,664

Net portfolio holdings of Maiden Lane II LLC9 63 0 - 1 63

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

Net portfolio holdings of TALF LLC11 44 0 - 151 44

Float -606 - 52 + 63 -1,087

Central bank liquidity swaps12 76 - 1 - 241 76

Other Federal Reserve assets13 24,585 + 619 + 3,388 24,645

Foreign currency denominated assets14 23,286 - 92 - 511 23,205

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 46,089 + 14 + 823 46,089

Total factors supplying reserve funds 4,459,123 - 2,536 + 766,705 4,458,554

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

Sep 3, 2014 Aug 27, 2014 Sep 4, 2013

Wednesday

Sep 3, 2014

Currency in circulation15 1,292,909 + 5,264 + 84,681 1,294,073

Reverse repurchase agreements16 265,766 + 15,588 + 171,779 250,306

Foreign official and international accounts 102,524 - 1,079 + 8,537 99,290

Others 163,241 + 16,666 + 163,241 151,016

Treasury cash holdings 161 0 + 21 165

Deposits with F.R. Banks, other than reserve balances 58,885 - 22,080 - 989 36,931

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 42,868 + 2,651 + 10,436 21,036

Foreign official 6,566 - 14 - 3,815 6,567

Other17 9,450 - 24,719 - 7,612 9,328

Other liabilities and capital18 63,992 + 76 + 390 63,329

Total factors, other than reserve balances,

absorbing reserve funds 1,681,714 - 1,151 + 255,882 1,644,803

Reserve balances with Federal Reserve Banks 2,777,409 - 1,385 + 510,822 2,813,751

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

Sep 3, 2014 Aug 27, 2014 Sep 4, 2013

Wednesday

Sep 3, 2014

Securities held in custody for foreign official and international

accounts 3,338,726 - 2,438 + 59,403 3,337,521

Marketable U.S. Treasury securities1 3,011,019 - 1,127 + 85,223 3,009,869

Federal agency debt and mortgage-backed securities2 285,777 - 296 - 29,759 285,709

Other securities3 41,930 - 1,015 + 3,939 41,943

Securities lent to dealers 9,021 - 841 - 5,352 10,296

Overnight facility4 9,021 - 841 - 5,352 10,296

U.S. Treasury securities 8,139 - 905 - 5,348 9,358

Federal agency debt securities 882 + 64 - 4 938

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, September 3, 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 128 234 0 0 0 ... 362

U.S. Treasury securities2

Holdings 0 90 3,194 1,035,547 742,262 655,893 2,436,986

Weekly changes - 5 + 1 0 + 13,465 - 13,455 + 1,048 + 1,054

Federal agency debt securities3

Holdings 1,556 1,329 3,584 32,746 0 2,347 41,562

Weekly changes + 1,556 - 1,556 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 3,835 1,674,471 1,678,316

Weekly changes 0 0 0 0 0 + 4 + 4

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 76 0 0 0 0 0 76

Reverse repurchase agreements6 250,306 0 ... ... ... ... 250,306

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 Sep 3, 2014

Mortgage-backed securities held outright1 1,678,316

Commitments to buy mortgage-backed securities2 74,014

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 8

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 Sep 3, 2014

Net portfolio holdings of Maiden Lane LLC1 1,664

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Sep 3, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Sep 3, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Sep 3, 2014

Asset-backed securities holdings1 0

Other investments, net 44

Net portfolio holdings of TALF LLC 44

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Sep 3, 2014 Aug 27, 2014 Sep 4, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,922 - 11 - 61

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,347,592 + 832 + 758,973

Securities held outright1 4,156,864 + 1,058 + 766,466

U.S. Treasury securities 2,436,986 + 1,054 + 403,696

Bills2 0 0 0

Notes and bonds, nominal2 2,322,690 + 1,031 + 388,428

Notes and bonds, inflation-indexed2 97,755 0 + 11,936

Inflation compensation3 16,541 + 23 + 3,332

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

Mortgage-backed securities4 1,678,316 + 4 + 386,921

Unamortized premiums on securities held outright5 209,039 - 269 + 5,731

Unamortized discounts on securities held outright5 -18,673 + 16 - 13,308

Repurchase agreements6 0 0 0

Loans 362 + 27 + 85

Net portfolio holdings of Maiden Lane LLC7 1,664 - 4 + 172

Net portfolio holdings of Maiden Lane II LLC8 63 0 - 1

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 44 0 - 151

Items in process of collection (0) 116 + 47 - 41

Bank premises 2,255 - 13 - 28

Central bank liquidity swaps11 76 - 1 - 241

Foreign currency denominated assets12 23,205 - 136 - 468

Other assets13 22,391 + 1,137 + 3,252

Total assets (0) 4,415,587 + 1,851 + 761,405

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

Sep 3, 2014 Aug 27, 2014 Sep 4, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,250,066 + 3,844 + 83,367

Reverse repurchase agreements14 250,306 - 31,696 + 157,595

Deposits (0) 2,850,684 + 28,768 + 520,224

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,813,753 + 35,359 + 539,555

U.S. Treasury, General Account 21,036 - 8,511 - 15,323

Foreign official 6,567 + 3 - 3,813

Other15 (0) 9,328 + 1,917 - 196

Deferred availability cash items (0) 1,203 + 564 - 235

Other liabilities and accrued dividends16 6,992 + 354 - 994

Total liabilities (0) 4,359,250 + 1,833 + 759,955

Capital accounts

Capital paid in 28,168 + 8 + 724

Surplus 28,168 + 8 + 724

Other capital accounts 0 0 0

Total capital 56,337 + 18 + 1,450

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, September 3, 2014

Millions of dollars

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

Assets

Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257

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

Coin 1,922 31 93 121 121 320 222 275 26 48 151 183 331

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,347,592 87,937 2,668,205 104,233 94,915 242,970 240,341 177,692 53,679 26,761 57,275 132,470 461,115

Securities held outright1 4,156,864 84,086 2,551,332 99,586 90,759 232,330 229,789 169,897 51,272 25,475 54,756 126,661 440,923

U.S. Treasury securities 2,436,986 49,296 1,495,733 58,383 53,208 136,205 134,715 99,603 30,059 14,935 32,101 74,256 258,494

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

Notes and bonds3 2,436,986 49,296 1,495,733 58,383 53,208 136,205 134,715 99,603 30,059 14,935 32,101 74,256 258,494

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

Mortgage-backed securities4 1,678,316 33,949 1,030,089 40,207 36,643 93,802 92,776 68,595 20,701 10,285 22,107 51,139 178,021

Unamortized premiums on securities 

held outright5 209,039 4,228 128,300 5,008 4,564 11,683 11,556 8,544 2,578 1,281 2,754 6,369 22,173

Unamortized discounts on securities 

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

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

Loans 362 0 34 87 0 0 29 15 58 119 12 9 0

Net portfolio holdings of Maiden

Lane LLC7 1,664 0 1,664 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 44 0 44 0 0 0 0 0 0 0 0 0 0

Items in process of collection 116 0 0 0 0 0 115 0 0 1 0 0 0

Bank premises 2,255 121 434 74 110 222 209 198 123 97 243 224 200

Central bank liquidity swaps11 76 3 24 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 23,205 1,055 7,465 1,744 1,845 4,838 1,334 641 195 98 244 388 3,357

Other assets13 22,391 482 13,394 672 486 1,397 1,224 906 323 205 315 693 2,294

Interdistrict settlement account 0 + 23,661 - 69,475 + 247 + 5,785 + 7,100 + 8,852 - 13,227 - 10,532 - 2,089 + 314 + 4,023 + 45,341

Total assets 4,415,587 113,839 2,627,876 107,645 103,969 258,099 254,303 167,616 44,243 25,383 58,987 139,145 514,481

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, September 3, 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 1,443,794 44,662 490,845 42,832 65,137 103,640 212,725 92,915 37,436 21,283 36,828 116,135 179,356

Less: Notes held by F.R. Banks 193,728 5,134 62,937 6,252 8,643 10,920 20,189 11,854 4,974 4,279 5,189 26,091 27,266

Federal Reserve notes, net 1,250,066 39,528 427,908 36,580 56,495 92,720 192,536 81,061 32,461 17,003 31,639 90,044 152,090

Reverse repurchase agreements14 250,306 5,063 153,629 5,997 5,465 13,990 13,837 10,230 3,087 1,534 3,297 7,627 26,550

Deposits 2,850,684 66,486 2,024,463 60,637 37,334 139,218 43,097 74,429 8,025 6,415 23,317 40,265 326,997

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 2,813,753 66,479 1,987,808 60,598 37,331 139,022 43,088 74,421 8,025 6,414 23,315 40,264 326,988

U.S. Treasury, General Account 21,036 0 21,036 0 0 0 0 0 0 0 0 0 0

Foreign official 6,567 2 6,539 3 3 8 2 1 0 0 0 1 6

Other15 9,328 5 9,080 37 0 188 7 7 0 0 1 0 3

Deferred availability cash items 1,203 0 0 0 0 0 1,133 0 0 70 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,887 32 1,188 33 29 88 127 87 25 11 22 54 191

Other liabilities and accrued

dividends17 5,105 166 2,303 210 204 536 362 282 140 116 124 206 456

Total liabilities 4,359,250 111,276 2,609,491 103,458 99,527 246,552 251,092 166,090 43,738 25,149 58,398 138,196 506,283

Capital

Capital paid in 28,168 1,282 9,193 2,094 2,221 5,773 1,606 763 252 117 294 474 4,099

Surplus 28,168 1,282 9,193 2,094 2,221 5,773 1,606 763 252 117 294 474 4,099

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

Total liabilities and capital 4,415,587 113,839 2,627,876 107,645 103,969 258,099 254,303 167,616 44,243 25,383 58,987 139,145 514,481

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, September 3, 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 Sep 3, 2014

Federal Reserve notes outstanding 1,443,794

Less: Notes held by F.R. Banks not subject to collateralization 193,728

Federal Reserve notes to be collateralized 1,250,066

Collateral held against Federal Reserve notes 1,250,066

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,233,829

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,156,864

Less: Face value of securities under reverse repurchase agreements 230,228

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,926,636

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.