FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 26, 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

Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Wednesday

Jun 25, 2014

Reserve Bank credit 4,332,168 + 9,746 + 889,307 4,325,612

Securities held outright1 4,109,497 + 9,008 + 896,399 4,104,528

U.S. Treasury securities 2,394,367 + 5,850 + 471,101 2,396,972

Bills2 0 0 0 0

Notes and bonds, nominal2 2,281,913 + 5,645 + 454,271 2,284,487

Notes and bonds, inflation-indexed2 96,771 + 100 + 13,745 96,771

Inflation compensation3 15,683 + 105 + 3,085 15,715

Federal agency debt securities2 43,659 - 363 - 26,999 43,659

Mortgage-backed securities4 1,671,470 + 3,519 + 452,296 1,663,897

Unamortized premiums on securities held outright5 209,758 - 74 + 5,696 209,464

Unamortized discounts on securities held outright5 -18,398 - 87 - 16,187 -18,433

Repurchase agreements6 0 0 - 87 0

Loans 204 + 37 - 163 274

Primary credit 30 + 12 + 6 83

Secondary credit 0 0 0 0

Seasonal credit 125 + 25 + 45 141

Term Asset-Backed Securities Loan Facility7 50 0 - 214 49

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,654 0 + 235 1,654

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 90 0 - 191 90

Float -486 + 130 + 149 -525

Central bank liquidity swaps12 124 - 52 - 1,356 124

Other Federal Reserve assets13 29,641 + 784 + 4,815 28,351

Foreign currency denominated assets14 23,944 + 62 + 219 24,010

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,926 + 14 + 795 45,926

Total factors supplying reserve funds 4,418,280 + 9,823 + 890,321 4,411,790

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

Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Wednesday

Jun 25, 2014

Currency in circulation15 1,278,520 - 328 + 87,987 1,280,096

Reverse repurchase agreements16 213,745 + 37,589 + 125,166 222,743

Foreign official and international accounts 103,437 - 969 + 14,858 103,070

Others 110,308 + 38,558 + 110,308 119,673

Treasury cash holdings 161 - 17 + 44 146

Deposits with F.R. Banks, other than reserve balances 220,960 + 36,700 + 16,736 217,354

Term deposits held by depository institutions 92,690 + 14,921 + 92,690 92,690

U.S. Treasury, General Account 107,244 + 22,769 + 10,032 108,064

Foreign official 5,960 + 9 - 4,073 5,952

Other17 15,067 - 997 - 81,912 10,648

Other liabilities and capital18 64,590 - 500 + 1,840 63,396

Total factors, other than reserve balances,

absorbing reserve funds 1,777,977 + 73,445 + 231,773 1,783,735

Reserve balances with Federal Reserve Banks 2,640,303 - 63,622 + 658,549 2,628,055

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

Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Wednesday

Jun 25, 2014

Securities held in custody for foreign official and international

accounts 3,315,003 + 8,586 + 24,606 3,305,524

Marketable U.S. Treasury securities1 2,980,630 + 8,414 + 32,144 2,971,818

Federal agency debt and mortgage-backed securities2 292,953 + 308 - 10,566 292,279

Other securities3 41,420 - 136 + 3,029 41,427

Securities lent to dealers 13,286 + 596 - 6,718 14,163

Overnight facility4 13,286 + 596 - 6,718 14,163

U.S. Treasury securities 12,225 + 574 - 6,945 13,003

Federal agency debt securities 1,062 + 22 + 228 1,160

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, June 25, 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 224 16 34 0 0 ... 274

U.S. Treasury securities2

Holdings 1 46 1,995 931,888 821,260 641,782 2,396,972

Weekly changes 0 0 0 + 11 + 4,399 + 1,085 + 5,495

Federal agency debt securities3

Holdings 0 3,653 4,111 33,548 0 2,347 43,659

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 3,725 1,660,162 1,663,897

Weekly changes 0 0 0 0 - 58 - 4,431 - 4,489

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 124 0 0 0 0 124

Reverse repurchase agreements6 222,743 0 ... ... ... ... 222,743

Term deposits 92,690 0 0 ... ... ... 92,690

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 Jun 25, 2014

Mortgage-backed securities held outright1 1,663,897

Commitments to buy mortgage-backed securities2 53,970

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 30

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 Jun 25, 2014

Net portfolio holdings of Maiden Lane LLC1 1,654

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 Jun 25, 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 Jun 25, 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 Jun 25, 2014

Asset-backed securities holdings1 0

Other investments, net 90

Net portfolio holdings of TALF LLC 90

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

Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,893 - 3 - 87

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,295,834 + 687 + 886,797

Securities held outright1 4,104,528 + 1,006 + 897,339

U.S. Treasury securities 2,396,972 + 5,495 + 468,556

Bills2 0 0 0

Notes and bonds, nominal2 2,284,487 + 5,409 + 451,687

Notes and bonds, inflation-indexed2 96,771 0 + 13,745

Inflation compensation3 15,715 + 87 + 3,126

Federal agency debt securities2 43,659 0 - 26,999

Mortgage-backed securities4 1,663,897 - 4,489 + 455,781

Unamortized premiums on securities held outright5 209,464 - 337 + 5,681

Unamortized discounts on securities held outright5 -18,433 - 90 - 16,113

Repurchase agreements6 0 0 0

Loans 274 + 106 - 110

Net portfolio holdings of Maiden Lane LLC7 1,654 0 + 236

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 90 0 - 191

Items in process of collection (0) 66 - 40 - 42

Bank premises 2,263 0 - 36

Central bank liquidity swaps11 124 - 52 - 1,356

Foreign currency denominated assets12 24,010 + 116 + 368

Other assets13 26,093 - 528 + 3,988

Total assets (0) 4,368,348 + 180 + 889,676

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

Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,236,205 + 433 + 85,870

Reverse repurchase agreements14 222,743 + 31,318 + 134,050

Deposits (0) 2,845,413 - 31,495 + 667,859

Term deposits held by depository institutions 92,690 + 14,921 + 92,690

Other deposits held by depository institutions 2,628,060 - 9,525 + 610,331

U.S. Treasury, General Account 108,064 - 39,555 + 13,793

Foreign official 5,952 + 1 - 4,062

Other15 (0) 10,648 + 2,664 - 44,892

Deferred availability cash items (0) 591 - 136 - 281

Other liabilities and accrued dividends16 7,074 + 50 + 832

Total liabilities (0) 4,312,026 + 170 + 888,330

Capital accounts

Capital paid in 28,161 + 5 + 673

Surplus 28,161 + 5 + 673

Other capital accounts 0 0 0

Total capital 56,321 + 9 + 1,344

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, June 25, 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 1,893 33 82 120 118 318 220 276 23 47 152 180 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,295,834 86,892 2,636,507 102,909 93,787 240,082 237,480 175,579 53,016 26,378 56,591 130,896 455,717

Securities held outright1 4,104,528 83,027 2,519,210 98,332 89,616 229,405 226,896 167,758 50,627 25,154 54,066 125,066 435,372

U.S. Treasury securities 2,396,972 48,487 1,471,174 57,424 52,334 133,968 132,503 97,968 29,565 14,689 31,574 73,036 254,249

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

Notes and bonds3 2,396,972 48,487 1,471,174 57,424 52,334 133,968 132,503 97,968 29,565 14,689 31,574 73,036 254,249

Federal agency debt securities2 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631

Mortgage-backed securities4 1,663,897 33,658 1,021,239 39,862 36,329 92,996 91,979 68,006 20,523 10,197 21,917 50,699 176,491

Unamortized premiums on securities 

held outright5 209,464 4,237 128,561 5,018 4,573 11,707 11,579 8,561 2,584 1,284 2,759 6,382 22,218

Unamortized discounts on securities 

held outright5 -18,433 -373 -11,313 -442 -402 -1,030 -1,019 -753 -227 -113 -243 -562 -1,955

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

Loans 274 0 50 0 0 0 24 14 33 54 8 9 83

Net portfolio holdings of Maiden

Lane LLC7 1,654 0 1,654 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 90 0 90 0 0 0 0 0 0 0 0 0 0

Items in process of collection 66 0 0 0 0 0 65 0 0 1 0 0 0

Bank premises 2,263 122 430 74 110 223 210 198 125 98 244 227 202

Central bank liquidity swaps11 124 6 40 9 10 26 7 3 1 1 1 2 18

Foreign currency denominated assets12 24,010 1,092 7,724 1,805 1,909 5,006 1,380 663 202 101 253 401 3,474

Other assets13 26,093 569 15,661 628 572 1,616 1,431 1,061 374 229 366 888 2,697

Interdistrict settlement account 0 + 25,992 + 47,286 - 4,351 - 6,608 - 10,498 + 5,937 - 32,065 - 11,535 - 3,593 - 5,998 - 6,262 + 1,695

Total assets 4,368,348 115,252 2,715,502 101,742 90,599 238,010 248,734 146,845 42,634 23,525 52,053 127,494 465,959

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, June 25, 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 1,452,467 45,267 503,904 43,100 64,234 105,586 212,729 92,964 36,589 21,370 37,580 116,106 173,040

Less: Notes held by F.R. Banks 216,263 5,088 68,006 6,270 9,364 11,478 22,129 15,432 5,119 5,076 5,811 31,990 30,499

Federal Reserve notes, net 1,236,205 40,179 435,898 36,830 54,869 94,107 190,599 77,532 31,470 16,294 31,769 84,116 142,541

Reverse repurchase agreements14 222,743 4,506 136,712 5,336 4,863 12,449 12,313 9,104 2,747 1,365 2,934 6,787 23,627

Deposits 2,845,413 67,781 2,121,316 55,056 26,136 119,158 41,583 58,314 7,764 5,433 16,606 35,393 290,874

Term deposits held by depository

institutions 92,690 50 80,447 5 1,740 47 205 6,180 65 42 4 205 3,700

Other deposits held by depository

institutions 2,628,060 67,728 1,916,386 55,020 24,392 118,997 41,369 52,127 7,698 5,391 16,600 35,186 287,166

U.S. Treasury, General Account 108,064 0 108,064 0 0 0 0 0 0 0 0 0 0

Foreign official 5,952 2 5,925 3 3 8 2 1 0 0 0 1 6

Other15 10,648 1 10,495 28 0 106 7 7 0 0 1 1 3

Deferred availability cash items 591 0 0 0 0 0 521 0 0 70 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,940 38 1,173 49 49 128 106 79 16 9 23 62 208

Other liabilities and accrued

dividends17 5,134 191 2,015 245 243 641 387 288 141 119 135 210 517

Total liabilities 4,312,026 112,694 2,697,114 97,516 86,160 226,483 245,510 145,318 42,138 23,290 51,467 126,568 457,767

Capital

Capital paid in 28,161 1,279 9,194 2,113 2,219 5,763 1,612 764 248 117 293 463 4,096

Surplus 28,161 1,279 9,194 2,113 2,219 5,763 1,612 764 248 117 293 463 4,096

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

Total liabilities and capital 4,368,348 115,252 2,715,502 101,742 90,599 238,010 248,734 146,845 42,634 23,525 52,053 127,494 465,959

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, June 25, 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 Jun 25, 2014

Federal Reserve notes outstanding 1,452,467

Less: Notes held by F.R. Banks not subject to collateralization 216,263

Federal Reserve notes to be collateralized 1,236,205

Collateral held against Federal Reserve notes 1,236,205

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,219,968

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,104,528

Less: Face value of securities under reverse repurchase agreements 216,732

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,887,796

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.