FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 11, 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 10, 2014 Sep 3, 2014 Sep 11, 2013

Wednesday

Sep 10, 2014

Reserve Bank credit 4,377,690 + 4,183 + 761,693 4,379,719

Securities held outright1 4,159,537 + 2,675 + 765,361 4,160,521

U.S. Treasury securities 2,439,657 + 2,671 + 401,376 2,440,637

Bills2 0 0 0 0

Notes and bonds, nominal2 2,325,368 + 2,678 + 386,333 2,326,351

Notes and bonds, inflation-indexed2 97,755 0 + 11,737 97,755

Inflation compensation3 16,534 - 7 + 3,306 16,531

Federal agency debt securities2 41,562 0 - 22,868 41,562

Mortgage-backed securities4 1,678,317 + 4 + 386,851 1,678,322

Unamortized premiums on securities held outright5 208,963 - 219 + 5,815 208,907

Unamortized discounts on securities held outright5 -18,664 + 21 - 12,958 -18,654

Repurchase agreements6 0 0 0 0

Loans 291 - 8 + 18 352

Primary credit 10 - 18 - 8 53

Secondary credit 0 0 0 0

Seasonal credit 247 + 9 + 94 266

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,664 - 1 + 171 1,665

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 - 80 44

Float -675 - 69 + 94 -627

Central bank liquidity swaps12 77 + 1 - 243 77

Other Federal Reserve assets13 26,369 + 1,784 + 3,517 27,349

Foreign currency denominated assets14 22,933 - 353 - 737 22,801

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 46,103 + 14 + 820 46,103

Total factors supplying reserve funds 4,462,967 + 3,844 + 761,776 4,464,863

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 10, 2014 Sep 3, 2014 Sep 11, 2013

Wednesday

Sep 10, 2014

Currency in circulation15 1,292,467 - 442 + 84,956 1,291,993

Reverse repurchase agreements16 266,584 + 818 + 173,996 267,602

Foreign official and international accounts 102,228 - 296 + 9,640 107,303

Others 164,356 + 1,115 + 164,356 160,299

Treasury cash holdings 165 + 4 + 23 164

Deposits with F.R. Banks, other than reserve balances 52,715 - 6,170 - 19,233 53,117

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 39,081 - 3,787 + 530 31,872

Foreign official 5,432 - 1,134 - 3,562 5,241

Other17 8,202 - 1,248 - 16,201 16,004

Other liabilities and capital18 63,991 - 1 + 818 63,033

Total factors, other than reserve balances,

absorbing reserve funds 1,675,922 - 5,792 + 240,561 1,675,910

Reserve balances with Federal Reserve Banks 2,787,045 + 9,636 + 521,214 2,788,954

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 10, 2014 Sep 3, 2014 Sep 11, 2013

Wednesday

Sep 10, 2014

Securities held in custody for foreign official and international

accounts 3,338,309 - 417 + 61,832 3,343,937

Marketable U.S. Treasury securities1 3,010,563 - 456 + 86,414 3,016,027

Federal agency debt and mortgage-backed securities2 285,805 + 28 - 29,008 285,934

Other securities3 41,942 + 12 + 4,427 41,976

Securities lent to dealers 10,669 + 1,648 - 1,429 11,123

Overnight facility4 10,669 + 1,648 - 1,429 11,123

U.S. Treasury securities 9,860 + 1,721 - 1,405 10,373

Federal agency debt securities 810 - 72 - 23 750

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 10, 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 118 234 0 0 0 ... 352

U.S. Treasury securities2

Holdings 0 90 3,194 1,037,162 742,261 657,930 2,440,637

Weekly changes 0 0 0 + 1,615 - 1 + 2,037 + 3,651

Federal agency debt securities3

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 4,698 1,673,614 1,678,322

Weekly changes 0 0 0 0 + 863 - 857 + 6

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 77 0 0 0 0 0 77

Reverse repurchase agreements6 267,602 0 ... ... ... ... 267,602

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 10, 2014

Mortgage-backed securities held outright1 1,678,322

Commitments to buy mortgage-backed securities2 80,643

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 4

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 10, 2014

Net portfolio holdings of Maiden Lane LLC1 1,665

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 10, 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 10, 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 10, 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 10, 2014 Sep 3, 2014 Sep 11, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,930 + 8 - 62

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,351,126 + 3,534 + 756,847

Securities held outright1 4,160,521 + 3,657 + 763,739

U.S. Treasury securities 2,440,637 + 3,651 + 399,549

Bills2 0 0 0

Notes and bonds, nominal2 2,326,351 + 3,661 + 385,784

Notes and bonds, inflation-indexed2 97,755 0 + 10,546

Inflation compensation3 16,531 - 10 + 3,219

Federal agency debt securities2 41,562 0 - 22,654

Mortgage-backed securities4 1,678,322 + 6 + 386,844

Unamortized premiums on securities held outright5 208,907 - 132 + 5,820

Unamortized discounts on securities held outright5 -18,654 + 19 - 12,787

Repurchase agreements6 0 0 0

Loans 352 - 10 + 75

Net portfolio holdings of Maiden Lane LLC7 1,665 + 1 + 167

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 - 68

Items in process of collection (0) 94 - 22 - 31

Bank premises 2,255 0 - 29

Central bank liquidity swaps11 77 + 1 - 243

Foreign currency denominated assets12 22,801 - 404 - 925

Other assets13 25,095 + 2,704 + 3,719

Total assets (0) 4,421,408 + 5,821 + 759,373

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 10, 2014 Sep 3, 2014 Sep 11, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,247,980 - 2,086 + 84,510

Reverse repurchase agreements14 267,602 + 17,296 + 175,438

Deposits (0) 2,842,072 - 8,612 + 499,663

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,788,954 - 24,799 + 513,312

U.S. Treasury, General Account 31,872 + 10,836 + 1,852

Foreign official 5,241 - 1,326 - 3,524

Other15 (0) 16,004 + 6,676 - 11,978

Deferred availability cash items (0) 721 - 482 - 163

Other liabilities and accrued dividends16 6,693 - 299 - 1,529

Total liabilities (0) 4,365,067 + 5,817 + 757,919

Capital accounts

Capital paid in 28,170 + 2 + 726

Surplus 28,170 + 2 + 726

Other capital accounts 0 0 0

Total capital 56,341 + 4 + 1,454

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 10, 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 1,930 32 94 124 123 320 222 276 25 46 153 182 332

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,351,126 88,009 2,670,390 104,231 94,993 243,168 240,542 177,833 53,725 26,795 57,330 132,586 461,524

Securities held outright1 4,160,521 84,160 2,553,576 99,673 90,839 232,534 229,991 170,046 51,317 25,497 54,804 126,772 441,311

U.S. Treasury securities 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881

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

Notes and bonds3 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881

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 1,678,322 33,949 1,030,093 40,207 36,644 93,803 92,777 68,595 20,701 10,285 22,107 51,139 178,021

Unamortized premiums on securities 

held outright5 208,907 4,226 128,220 5,005 4,561 11,676 11,548 8,538 2,577 1,280 2,752 6,365 22,159

Unamortized discounts on securities 

held outright5 -18,654 -377 -11,449 -447 -407 -1,043 -1,031 -762 -230 -114 -246 -568 -1,979

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

Loans 352 1 44 0 0 0 34 11 61 132 20 17 33

Net portfolio holdings of Maiden

Lane LLC7 1,665 0 1,665 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 94 0 0 0 0 0 93 0 0 1 0 0 0

Bank premises 2,255 121 434 74 110 222 209 198 124 97 243 224 200

Central bank liquidity swaps11 77 4 25 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 22,801 1,037 7,335 1,714 1,813 4,754 1,311 629 192 96 240 381 3,299

Other assets13 25,095 535 15,039 739 546 1,547 1,374 1,014 356 219 347 798 2,580

Interdistrict settlement account 0 + 10,547 - 58,585 + 2,678 + 9,252 + 197 + 8,040 - 10,297 - 10,950 - 2,083 - 134 + 2,635 + 48,701

Total assets 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478

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 10, 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 1,443,974 44,572 489,349 42,766 65,118 103,568 212,875 94,569 37,360 21,242 36,783 115,911 179,862

Less: Notes held by F.R. Banks 195,994 5,311 63,063 6,357 8,870 11,177 20,690 11,915 4,937 4,278 5,302 25,736 28,359

Federal Reserve notes, net 1,247,980 39,261 426,285 36,409 56,248 92,391 192,186 82,654 32,423 16,964 31,481 90,175 151,503

Reverse repurchase agreements14 267,602 5,413 164,244 6,411 5,843 14,956 14,793 10,937 3,301 1,640 3,525 8,154 28,385

Deposits 2,842,072 53,409 2,030,175 62,876 40,791 131,999 42,547 75,315 7,510 6,356 22,882 38,429 329,783

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 2,788,954 53,397 1,977,410 62,837 40,788 131,731 42,538 75,306 7,510 6,355 22,881 38,428 329,774

U.S. Treasury, General Account 31,872 0 31,872 0 0 0 0 0 0 0 0 0 0

Foreign official 5,241 2 5,214 3 3 8 2 1 0 0 0 1 6

Other15 16,004 11 15,679 36 0 260 7 7 0 0 1 0 3

Deferred availability cash items 721 0 0 0 0 0 611 0 0 110 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,693 19 1,199 20 10 23 86 73 20 12 20 54 155

Other liabilities and accrued

dividends17 5,000 167 2,179 211 208 544 361 282 142 118 126 208 454

Total liabilities 4,365,067 98,270 2,624,083 105,927 103,101 239,913 250,583 169,261 43,395 25,200 58,034 137,021 510,279

Capital

Capital paid in 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099

Surplus 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099

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

Total liabilities and capital 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478

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 10, 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 10, 2014

Federal Reserve notes outstanding 1,443,974

Less: Notes held by F.R. Banks not subject to collateralization 195,994

Federal Reserve notes to be collateralized 1,247,980

Collateral held against Federal Reserve notes 1,247,980

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,231,743

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,160,521

Less: Face value of securities under reverse repurchase agreements 257,508

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

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.