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 May 22, 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

May 21, 2014 May 14, 2014 May 22, 2013

Wednesday

May 21, 2014

Reserve Bank credit 4,276,870 + 2,741 + 940,211 4,284,725

Securities held outright1 4,059,685 + 15,682 + 950,168 4,067,133

U.S. Treasury securities 2,363,184 + 5,839 + 493,255 2,367,236

Bills2 0 0 0 0

Notes and bonds, nominal2 2,252,125 + 5,569 + 476,390 2,256,119

Notes and bonds, inflation-indexed2 96,068 + 97 + 14,422 96,068

Inflation compensation3 14,990 + 171 + 2,442 15,049

Federal agency debt securities2 44,082 - 883 - 27,971 44,082

Mortgage-backed securities4 1,652,419 + 10,726 + 484,884 1,655,815

Unamortized premiums on securities held outright5 209,904 + 223 + 9,672 209,935

Unamortized discounts on securities held outright5 -17,861 - 75 - 16,185 -17,893

Repurchase agreements6 0 0 0 0

Loans 138 + 8 - 300 147

Primary credit 14 + 8 - 9 21

Secondary credit 0 0 0 0

Seasonal credit 44 + 1 - 2 47

Term Asset-Backed Securities Loan Facility7 81 0 - 288 79

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,656 + 1 + 227 1,656

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 91 0 - 297 91

Float -611 - 14 + 108 -565

Central bank liquidity swaps12 300 0 - 6,977 300

Other Federal Reserve assets13 23,483 - 13,084 + 3,796 23,835

Foreign currency denominated assets14 24,101 - 26 + 1,130 24,050

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,831 + 14 + 769 45,831

Total factors supplying reserve funds 4,363,044 + 2,730 + 942,112 4,370,848

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

May 21, 2014 May 14, 2014 May 22, 2013

Wednesday

May 21, 2014

Currency in circulation15 1,275,416 + 726 + 89,617 1,277,326

Reverse repurchase agreements16 311,856 + 14,306 + 221,686 324,701

Foreign official and international accounts 106,393 - 1,388 + 16,223 103,979

Others 205,463 + 15,694 + 205,463 220,722

Treasury cash holdings 205 - 12 + 45 206

Deposits with F.R. Banks, other than reserve balances 53,533 - 38,385 - 64,519 47,104

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 37,745 - 33,505 + 4,512 31,128

Foreign official 7,795 + 16 - 3,154 7,777

Other17 7,992 - 4,897 - 65,878 8,198

Other liabilities and capital18 64,305 - 798 - 756 63,379

Total factors, other than reserve balances,

absorbing reserve funds 1,705,315 - 24,163 + 246,072 1,712,715

Reserve balances with Federal Reserve Banks 2,657,729 + 26,893 + 696,039 2,658,133

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

May 21, 2014 May 14, 2014 May 22, 2013

Wednesday

May 21, 2014

Securities held in custody for foreign official and international

accounts 3,272,223 - 12,027 - 39,483 3,268,845

Marketable U.S. Treasury securities1 2,937,410 - 12,190 - 25,942 2,933,287

Federal agency debt and mortgage-backed securities2 292,451 - 107 - 17,457 293,830

Other securities3 42,362 + 269 + 3,916 41,727

Securities lent to dealers 9,818 - 1,777 - 10,595 10,537

Overnight facility4 9,818 - 1,777 - 10,595 10,537

U.S. Treasury securities 8,872 - 1,720 - 10,547 9,668

Federal agency debt securities 946 - 57 - 49 869

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, May 21, 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 65 18 64 0 0 ... 147

U.S. Treasury securities2

Holdings 37 42 1,999 908,649 824,474 632,035 2,367,236

Weekly changes + 37 - 35 + 1,446 - 1,426 + 4,337 + 1,550 + 5,908

Federal agency debt securities3

Holdings 0 2,520 5,667 33,548 0 2,347 44,082

Weekly changes - 883 + 565 - 565 0 0 0 - 883

Mortgage-backed securities4

Holdings 0 0 0 8 3,724 1,652,083 1,655,815

Weekly changes 0 0 0 0 - 21 - 194 - 215

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 126 174 0 0 0 0 300

Reverse repurchase agreements6 324,701 0 ... ... ... ... 324,701

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 May 21, 2014

Mortgage-backed securities held outright1 1,655,815

Commitments to buy mortgage-backed securities2 45,587

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 May 21, 2014

Net portfolio holdings of Maiden Lane LLC1 1,656

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 March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name May 21, 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 March 31, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name May 21, 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 March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name May 21, 2014

Asset-backed securities holdings1 0

Other investments, net 91

Net portfolio holdings of TALF LLC 91

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

May 21, 2014 May 14, 2014 May 22, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,894 - 22 - 107

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,259,323 + 4,727 + 931,536

Securities held outright1 4,067,133 + 4,810 + 939,141

U.S. Treasury securities 2,367,236 + 5,908 + 490,082

Bills2 0 0 0

Notes and bonds, nominal2 2,256,119 + 5,747 + 473,180

Notes and bonds, inflation-indexed2 96,068 0 + 14,422

Inflation compensation3 15,049 + 161 + 2,480

Federal agency debt securities2 44,082 - 883 - 27,971

Mortgage-backed securities4 1,655,815 - 215 + 477,030

Unamortized premiums on securities held outright5 209,935 - 74 + 8,835

Unamortized discounts on securities held outright5 -17,893 - 29 - 16,199

Repurchase agreements6 0 0 0

Loans 147 + 18 - 242

Net portfolio holdings of Maiden Lane LLC7 1,656 0 + 227

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 91 0 - 297

Items in process of collection (0) 89 + 8 - 346

Bank premises 2,269 + 2 - 33

Central bank liquidity swaps11 300 0 - 6,977

Foreign currency denominated assets12 24,050 - 37 + 1,133

Other assets13 21,566 - 13,766 + 3,712

Total assets (0) 4,327,560 - 9,089 + 928,847

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

May 21, 2014 May 14, 2014 May 22, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,233,591 + 1,534 + 88,335

Reverse repurchase agreements14 324,701 + 31,029 + 238,008

Deposits (0) 2,705,237 - 41,411 + 604,001

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,658,133 + 10,500 + 682,955

U.S. Treasury, General Account 31,128 - 31,826 + 5,922

Foreign official 7,777 0 - 3,182

Other15 (0) 8,198 - 20,086 - 81,695

Deferred availability cash items (0) 653 - 94 - 514

Other liabilities and accrued dividends16 7,036 - 184 - 2,121

Total liabilities (0) 4,271,217 - 9,126 + 927,707

Capital accounts

Capital paid in 28,172 + 19 + 570

Surplus 28,172 + 19 + 570

Other capital accounts 0 0 0

Total capital 56,343 + 38 + 1,140

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, May 21, 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 1,894 32 86 121 122 319 221 278 23 45 150 172 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,259,323 86,157 2,614,208 102,037 92,998 238,049 235,448 174,092 52,543 26,122 56,109 129,781 451,778

Securities held outright1 4,067,133 82,271 2,496,258 97,436 88,800 227,315 224,829 166,229 50,165 24,925 53,574 123,927 431,405

U.S. Treasury securities 2,367,236 47,885 1,452,923 56,712 51,685 132,306 130,859 96,752 29,198 14,507 31,182 72,130 251,095

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

Notes and bonds3 2,367,236 47,885 1,452,923 56,712 51,685 132,306 130,859 96,752 29,198 14,507 31,182 72,130 251,095

Federal agency debt securities2 44,082 892 27,056 1,056 962 2,464 2,437 1,802 544 270 581 1,343 4,676

Mortgage-backed securities4 1,655,815 33,494 1,016,279 39,668 36,152 92,545 91,532 67,675 20,423 10,147 21,811 50,453 175,634

Unamortized premiums on securities 

held outright5 209,935 4,247 128,850 5,029 4,584 11,733 11,605 8,580 2,589 1,287 2,765 6,397 22,268

Unamortized discounts on securities 

held outright5 -17,893 -362 -10,982 -429 -391 -1,000 -989 -731 -221 -110 -236 -545 -1,898

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

Loans 147 2 82 0 6 1 3 13 10 20 6 3 3

Net portfolio holdings of Maiden

Lane LLC7 1,656 0 1,656 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 91 0 91 0 0 0 0 0 0 0 0 0 0

Items in process of collection 89 0 0 0 0 0 88 0 0 0 0 0 0

Bank premises 2,269 122 429 73 110 225 210 200 125 98 245 230 202

Central bank liquidity swaps11 300 14 96 23 24 63 17 8 3 1 3 5 43

Foreign currency denominated assets12 24,050 1,094 7,736 1,808 1,912 5,014 1,383 664 202 102 253 402 3,480

Other assets13 21,566 471 12,810 649 470 1,363 1,177 871 306 199 303 731 2,217

Interdistrict settlement account 0 + 19,301 + 15,472 + 5,552 - 9,100 - 14,943 + 12,452 - 20,816 - 9,225 - 3,381 - 4,434 + 75 + 9,049

Total assets 4,327,560 107,738 2,658,614 110,811 87,237 231,327 252,999 156,427 44,406 23,449 53,072 132,557 468,925

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, May 21, 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 1,459,405 45,514 513,878 43,629 63,467 105,251 212,806 93,178 36,677 21,347 37,975 116,842 168,841

Less: Notes held by F.R. Banks 225,815 4,887 74,409 6,016 9,226 11,675 22,981 15,274 4,870 5,763 6,343 32,731 31,641

Federal Reserve notes, net 1,233,591 40,627 439,469 37,613 54,241 93,576 189,825 77,904 31,808 15,584 31,632 84,111 137,201

Reverse repurchase agreements14 324,701 6,568 199,290 7,779 7,089 18,148 17,949 13,271 4,005 1,990 4,277 9,894 34,441

Deposits 2,705,237 57,802 1,997,886 60,893 21,211 107,420 40,979 63,387 7,942 5,440 16,437 37,375 288,463

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 2,658,133 57,799 1,951,003 60,865 21,208 107,261 40,971 63,380 7,942 5,440 16,435 37,374 288,456

U.S. Treasury, General Account 31,128 0 31,128 0 0 0 0 0 0 0 0 0 0

Foreign official 7,777 2 7,750 3 3 8 2 1 0 0 0 1 6

Other15 8,198 1 8,005 25 0 151 7 6 0 0 1 1 1

Deferred availability cash items 653 0 0 0 0 0 574 0 0 79 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,931 36 1,228 26 40 96 110 78 22 10 23 59 203

Other liabilities and accrued

dividends17 5,105 169 2,358 219 217 556 344 259 132 115 118 190 427

Total liabilities 4,271,217 105,202 2,640,231 106,531 82,798 219,796 249,782 154,900 43,909 23,218 52,487 131,630 460,735

Capital

Capital paid in 28,172 1,268 9,191 2,140 2,219 5,766 1,609 764 249 115 293 464 4,095

Surplus 28,172 1,268 9,191 2,140 2,219 5,766 1,609 764 249 115 293 464 4,095

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

Total liabilities and capital 4,327,560 107,738 2,658,614 110,811 87,237 231,327 252,999 156,427 44,406 23,449 53,072 132,557 468,925

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, May 21, 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 May 21, 2014

Federal Reserve notes outstanding 1,459,405

Less: Notes held by F.R. Banks not subject to collateralization 225,815

Federal Reserve notes to be collateralized 1,233,591

Collateral held against Federal Reserve notes 1,233,591

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,217,354

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,067,133

Less: Face value of securities under reverse repurchase agreements 315,943

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,751,190

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.