FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

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

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

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

The revised data are reported at the following 

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

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

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

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks April 3, 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

Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Wednesday

Apr 2, 2014

Reserve Bank credit 4,191,520 + 4,693 +1,026,272 4,193,417

Securities held outright1 3,968,932 + 5,282 +1,026,312 3,971,104

U.S. Treasury securities 2,318,482 + 9,504 + 519,242 2,320,653

Bills2 0 0 0 0

Notes and bonds, nominal2 2,209,963 + 9,412 + 500,515 2,212,100

Notes and bonds, inflation-indexed2 94,565 0 + 15,686 94,565

Inflation compensation3 13,953 + 91 + 3,040 13,987

Federal agency debt securities2 47,343 0 - 25,080 47,343

Mortgage-backed securities4 1,603,108 - 4,221 + 532,151 1,603,108

Unamortized premiums on securities held outright5 209,737 - 286 + 18,745 209,648

Unamortized discounts on securities held outright5 -17,022 - 412 - 15,368 -17,157

Repurchase agreements6 0 0 0 0

Loans 102 - 4 - 290 97

Primary credit 8 - 4 0 0

Secondary credit 0 0 0 0

Seasonal credit 11 + 1 + 9 15

Term Asset-Backed Securities Loan Facility7 82 - 2 - 300 82

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,584 - 1 + 182 1,584

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 105 0 - 294 105

Float -592 - 51 + 84 -709

Central bank liquidity swaps12 407 - 52 - 7,649 407

Other Federal Reserve assets13 28,181 + 216 + 4,549 28,253

Foreign currency denominated assets14 24,027 - 65 + 218 24,013

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,720 + 14 + 749 45,720

Total factors supplying reserve funds 4,277,508 + 4,641 +1,027,239 4,279,392

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

Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Wednesday

Apr 2, 2014

Currency in circulation15 1,268,695 + 1,463 + 90,908 1,270,466

Reverse repurchase agreements16 233,626 + 45,591 + 133,470 197,200

Foreign official and international accounts 96,705 + 1,114 - 3,414 91,155

Others 136,921 + 44,477 + 136,884 106,045

Treasury cash holdings 278 + 3 + 48 269

Deposits with F.R. Banks, other than reserve balances 130,583 - 11,501 + 24,964 137,682

Term deposits held by depository institutions 14,251 - 1,162 + 11,206 14,251

U.S. Treasury, General Account 96,163 - 5,877 + 20,019 107,199

Foreign official 6,984 - 2 - 2,205 6,980

Other17 13,185 - 4,460 - 4,055 9,252

Other liabilities and capital18 62,954 - 49 - 2,423 62,007

Total factors, other than reserve balances,

absorbing reserve funds 1,696,136 + 35,506 + 246,968 1,667,624

Reserve balances with Federal Reserve Banks 2,581,373 - 30,864 + 780,272 2,611,768

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

Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Wednesday

Apr 2, 2014

Securities held in custody for foreign official and international

accounts 3,294,032 + 37,811 - 1,431 3,299,347

Marketable U.S. Treasury securities1 2,951,211 + 38,524 - 5,629 2,957,095

Federal agency debt and mortgage-backed securities2 299,218 - 313 - 1,403 299,215

Other securities3 43,602 - 401 + 5,599 43,037

Securities lent to dealers 14,288 - 2,310 - 9,482 13,101

Overnight facility4 14,288 - 2,310 - 9,482 13,101

U.S. Treasury securities 12,957 - 2,339 - 9,717 11,784

Federal agency debt securities 1,330 + 28 + 235 1,317

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, April 2, 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 0 15 82 0 0 ... 97

U.S. Treasury securities2

Holdings 0 39 142 849,904 853,179 617,389 2,320,653

Weekly changes - 1 + 1 0 + 17,974 - 11,100 + 2,241 + 9,114

Federal agency debt securities3

Holdings 749 2,935 6,782 34,530 0 2,347 47,343

Weekly changes + 749 - 749 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 6 2,901 1,600,201 1,603,108

Weekly changes 0 0 0 + 1 - 1 + 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 0 407 0 0 0 0 407

Reverse repurchase agreements6 197,200 0 ... ... ... ... 197,200

Term deposits 14,251 0 0 ... ... ... 14,251

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 Apr 2, 2014

Mortgage-backed securities held outright1 1,603,108

Commitments to buy mortgage-backed securities2 55,302

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 5

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 Apr 2, 2014

Net portfolio holdings of Maiden Lane LLC1 1,584

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 Apr 2, 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 Apr 2, 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 Apr 2, 2014

Asset-backed securities holdings1 0

Other investments, net 105

Net portfolio holdings of TALF LLC 105

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

Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,939 + 1 - 158

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,163,692 + 8,439 +1,024,363

Securities held outright1 3,971,104 + 9,119 +1,022,068

U.S. Treasury securities 2,320,653 + 9,114 + 515,014

Bills2 0 0 0

Notes and bonds, nominal2 2,212,100 + 9,022 + 496,309

Notes and bonds, inflation-indexed2 94,565 0 + 15,686

Inflation compensation3 13,987 + 91 + 3,018

Federal agency debt securities2 47,343 0 - 25,080

Mortgage-backed securities4 1,603,108 + 4 + 532,134

Unamortized premiums on securities held outright5 209,648 - 298 + 18,109

Unamortized discounts on securities held outright5 -17,157 - 374 - 15,517

Repurchase agreements6 0 0 0

Loans 97 - 8 - 297

Net portfolio holdings of Maiden Lane LLC7 1,584 - 1 + 182

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 105 0 - 294

Items in process of collection (0) 125 + 34 - 2

Bank premises 2,269 - 7 - 28

Central bank liquidity swaps11 407 - 52 - 7,649

Foreign currency denominated assets12 24,013 - 88 + 105

Other assets13 25,985 + 1,144 + 4,490

Total assets (0) 4,236,441 + 9,470 +1,021,009

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

Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,226,950 + 2,154 + 90,007

Reverse repurchase agreements14 197,200 - 595 + 103,033

Deposits (0) 2,749,450 + 7,508 + 831,032

Term deposits held by depository institutions 14,251 - 1,162 + 11,206

Other deposits held by depository institutions 2,611,768 + 599 + 773,938

U.S. Treasury, General Account 107,199 + 18,132 + 47,139

Foreign official 6,980 - 48 - 2,206

Other15 (0) 9,252 - 10,013 + 954

Deferred availability cash items (0) 834 + 161 - 45

Other liabilities and accrued dividends16 5,907 + 242 - 3,987

Total liabilities (0) 4,180,341 + 9,471 +1,020,041

Capital accounts

Capital paid in 28,050 0 + 484

Surplus 28,050 0 + 484

Other capital accounts 0 0 0

Total capital 56,100 - 1 + 968

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, April 2, 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 1,939 36 94 125 126 334 221 276 23 48 153 175 327

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,163,692 108,874 2,308,966 120,637 106,334 258,896 276,582 224,991 66,993 39,519 78,771 161,683 411,446

Securities held outright1 3,971,104 103,840 2,202,140 115,060 101,418 246,926 263,795 214,584 63,896 37,683 75,129 154,208 392,424

U.S. Treasury securities 2,320,653 60,683 1,286,897 67,239 59,267 144,300 154,158 125,400 37,340 22,021 43,904 90,117 229,327

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

Notes and bonds3 2,320,653 60,683 1,286,897 67,239 59,267 144,300 154,158 125,400 37,340 22,021 43,904 90,117 229,327

Federal agency debt securities2 47,343 1,238 26,254 1,372 1,209 2,944 3,145 2,558 762 449 896 1,838 4,678

Mortgage-backed securities4 1,603,108 41,920 888,989 46,449 40,942 99,683 106,492 86,626 25,794 15,212 30,329 62,253 158,419

Unamortized premiums on securities 

held outright5 209,648 5,482 116,258 6,074 5,354 13,036 13,927 11,329 3,373 1,989 3,966 8,141 20,717

Unamortized discounts on securities 

held outright5 -17,157 -449 -9,514 -497 -438 -1,067 -1,140 -927 -276 -163 -325 -666 -1,695

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

Loans 97 0 82 0 0 0 0 5 0 9 1 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,584 0 1,584 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 105 0 105 0 0 0 0 0 0 0 0 0 0

Items in process of collection 125 1 0 0 0 0 124 0 0 0 0 0 0

Bank premises 2,269 122 427 72 110 226 210 200 125 99 245 230 202

Central bank liquidity swaps11 407 19 131 31 32 85 23 11 3 2 4 7 59

Foreign currency denominated assets12 24,013 1,089 7,774 1,800 1,904 4,992 1,376 661 201 101 252 400 3,464

Other assets13 25,985 707 14,083 875 660 1,760 1,710 1,377 474 310 505 1,009 2,514

Interdistrict settlement account 0 - 19,239 + 231,242 - 5,544 - 19,708 - 27,118 - 47,223 - 74,138 - 20,866 - 14,901 - 26,431 - 23,540 + 47,465

Total assets 4,236,441 92,195 2,570,234 118,603 90,207 240,442 235,100 154,595 47,414 25,458 53,962 140,975 467,257

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, April 2, 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 1,427,845 44,793 522,433 43,244 60,830 103,086 187,053 88,107 36,975 21,130 37,179 118,274 164,743

Less: Notes held by F.R. Banks 200,896 4,420 55,993 4,709 7,821 10,099 19,842 13,121 4,846 6,662 9,006 35,758 28,617

Federal Reserve notes, net 1,226,950 40,373 466,439 38,535 53,010 92,987 167,211 74,985 32,128 14,469 28,173 82,516 136,125

Reverse repurchase agreements14 197,200 5,157 109,355 5,714 5,036 12,262 13,100 10,656 3,173 1,871 3,731 7,658 19,487

Deposits 2,749,450 43,940 1,973,388 69,906 27,538 123,170 50,381 67,072 11,452 8,691 21,323 49,618 302,971

Term deposits held by depository

institutions 14,251 10 10,650 0 0 15 655 1,355 49 52 5 205 1,255

Other deposits held by depository

institutions 2,611,768 43,927 1,839,617 69,875 27,535 122,912 49,718 65,710 11,403 8,639 21,312 49,412 301,709

U.S. Treasury, General Account 107,199 0 107,199 0 0 0 0 0 0 0 0 0 0

Foreign official 6,980 2 6,953 3 3 8 2 1 0 0 0 1 6

Other15 9,252 1 8,968 28 0 235 6 6 0 0 5 0 1

Deferred availability cash items 834 0 0 0 0 0 770 0 0 65 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,725 39 1,009 33 20 59 136 106 36 19 37 77 154

Other liabilities and accrued

dividends17 4,182 152 1,687 196 192 490 319 256 130 111 113 184 352

Total liabilities 4,180,341 89,660 2,551,878 114,383 85,796 228,968 231,917 153,074 46,920 25,226 53,377 140,052 459,091

Capital

Capital paid in 28,050 1,268 9,178 2,110 2,206 5,737 1,591 760 247 116 292 462 4,083

Surplus 28,050 1,268 9,178 2,110 2,206 5,737 1,591 760 247 116 292 462 4,083

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

Total liabilities and capital 4,236,441 92,195 2,570,234 118,603 90,207 240,442 235,100 154,595 47,414 25,458 53,962 140,975 467,257

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, April 2, 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 Apr 2, 2014

Federal Reserve notes outstanding 1,427,845

Less: Notes held by F.R. Banks not subject to collateralization 200,896

Federal Reserve notes to be collateralized 1,226,950

Collateral held against Federal Reserve notes 1,226,950

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,210,713

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,971,104

Less: Face value of securities under reverse repurchase agreements 189,187

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,781,916

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.