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 February 6, 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

Feb 5, 2014 Jan 29, 2014 Feb 6, 2013

Wednesday

Feb 5, 2014

Reserve Bank credit 4,062,794 + 4,188 +1,097,587 4,066,356

Securities held outright1 3,833,665 + 4,762 +1,079,822 3,836,615

U.S. Treasury securities 2,247,026 + 9,409 + 534,159 2,252,973

Bills2 0 0 0 0

Notes and bonds, nominal2 2,141,078 + 9,441 + 514,948 2,147,028

Notes and bonds, inflation-indexed2 92,615 0 + 16,485 92,615

Inflation compensation3 13,333 - 31 + 2,726 13,331

Federal agency debt securities2 54,411 - 500 - 20,700 51,411

Mortgage-backed securities4 1,532,228 - 4,147 + 566,363 1,532,231

Unamortized premiums on securities held outright5 208,734 - 251 + 30,756 208,632

Unamortized discounts on securities held outright5 -14,178 - 339 - 12,510 -14,389

Repurchase agreements6 0 0 0 0

Loans 108 - 23 - 415 103

Primary credit 5 - 12 - 14 6

Secondary credit 0 0 0 0

Seasonal credit 8 - 10 + 8 1

Term Asset-Backed Securities Loan Facility7 96 0 - 408 96

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,579 + 29 + 177 1,579

Net portfolio holdings of Maiden Lane II LLC9 63 0 + 2 63

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

Net portfolio holdings of TALF LLC11 108 0 - 699 108

Float -514 - 8 + 160 -647

Central bank liquidity swaps12 359 + 98 - 4,833 359

Other Federal Reserve assets13 32,847 - 82 + 5,125 33,911

Foreign currency denominated assets14 23,857 - 82 - 909 23,880

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,609 + 14 + 762 45,609

Total factors supplying reserve funds 4,148,501 + 4,120 +1,097,440 4,152,087

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

Feb 5, 2014 Jan 29, 2014 Feb 6, 2013

Wednesday

Feb 5, 2014

Currency in circulation15 1,228,637 + 3,792 + 71,007 1,230,462

Reverse repurchase agreements16 196,365 + 12,505 + 110,215 196,114

Foreign official and international accounts 99,102 - 2,345 + 12,952 95,732

Others 97,263 + 14,850 + 97,263 100,382

Treasury cash holdings 261 0 + 70 266

Deposits with F.R. Banks, other than reserve balances 117,509 - 35,210 + 28,429 115,236

Term deposits held by depository institutions 12,822 0 + 9,786 12,822

U.S. Treasury, General Account 80,081 - 9,256 + 15,802 77,423

Foreign official 7,971 - 79 + 237 7,971

Other 16,635 - 25,875 + 2,604 17,020

Other liabilities and capital17 63,454 - 45 - 227 63,112

Total factors, other than reserve balances,

absorbing reserve funds 1,606,225 - 18,958 + 209,495 1,605,189

Reserve balances with Federal Reserve Banks 2,542,276 + 23,078 + 887,945 2,546,898

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 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

Feb 5, 2014 Jan 29, 2014 Feb 6, 2013

Wednesday

Feb 5, 2014

Securities held in custody for foreign official and international

accounts 3,324,160 - 10,368 + 42,129 3,318,375

Marketable U.S. Treasury securities1 2,972,154 - 10,731 + 32,605 2,965,893

Federal agency debt and mortgage-backed securities2 307,135 - 230 + 1,559 307,758

Other securities3 44,871 + 593 + 7,965 44,724

Securities lent to dealers 10,522 - 1,052 - 6,702 9,840

Overnight facility4 10,522 - 1,052 - 6,702 9,840

U.S. Treasury securities 9,361 - 1,096 - 7,224 8,775

Federal agency debt securities 1,161 + 44 + 522 1,065

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, February 5, 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 6 1 64 33 0 ... 103

U.S. Treasury securities2

Holdings 1 298 175 778,072 880,024 594,404 2,252,973

Weekly changes 0 0 - 1 + 10,363 - 3,189 + 2,625 + 9,797

Federal agency debt securities3

Holdings 0 6,446 7,377 35,179 62 2,347 51,411

Weekly changes - 3,500 0 0 0 0 0 - 3,500

Mortgage-backed securities4

Holdings 0 0 0 5 2,701 1,529,525 1,532,231

Weekly changes 0 0 0 0 + 26 - 18 + 7

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 359 0 0 0 0 359

Reverse repurchase agreements6 196,114 0 ... ... ... ... 196,114

Term deposits 12,822 0 0 ... ... ... 12,822

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 Feb 5, 2014

Mortgage-backed securities held outright1 1,532,231

Commitments to buy mortgage-backed securities2 64,661

Commitments to sell mortgage-backed securities2 29

Cash and cash equivalents3 5

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Feb 5, 2014

Net portfolio holdings of Maiden Lane LLC1 1,579

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Feb 5, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Feb 5, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Feb 5, 2014

Asset-backed securities holdings1 0

Other investments, net 108

Net portfolio holdings of TALF LLC 108

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

Feb 5, 2014 Jan 29, 2014 Feb 6, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,037 + 18 - 177

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,030,962 + 5,829 +1,095,268

Securities held outright1 3,836,615 + 6,304 +1,078,439

U.S. Treasury securities 2,252,973 + 9,797 + 535,791

Bills2 0 0 0

Notes and bonds, nominal2 2,147,028 + 9,813 + 516,561

Notes and bonds, inflation-indexed2 92,615 0 + 16,485

Inflation compensation3 13,331 - 15 + 2,746

Federal agency debt securities2 51,411 - 3,500 - 23,700

Mortgage-backed securities4 1,532,231 + 7 + 566,348

Unamortized premiums on securities held outright5 208,632 - 150 + 29,948

Unamortized discounts on securities held outright5 -14,389 - 303 - 12,713

Repurchase agreements6 0 0 0

Loans 103 - 24 - 407

Net portfolio holdings of Maiden Lane LLC7 1,579 0 + 174

Net portfolio holdings of Maiden Lane II LLC8 63 0 + 2

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 108 0 - 399

Items in process of collection (0) 125 - 19 - 485

Bank premises 2,280 - 6 - 26

Central bank liquidity swaps11 359 + 98 - 4,833

Foreign currency denominated assets12 23,880 - 81 - 683

Other assets13 31,633 + 1,307 + 5,468

Total assets (0) 4,109,285 + 7,147 +1,094,310

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

Feb 5, 2014 Jan 29, 2014 Feb 6, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,187,151 + 4,010 + 68,557

Reverse repurchase agreements14 196,114 + 686 + 111,585

Deposits (0) 2,662,136 + 1,832 + 914,999

Term deposits held by depository institutions 12,822 0 + 9,786

Other deposits held by depository institutions 2,546,900 + 21,125 + 879,185

U.S. Treasury, General Account 77,423 - 18,209 + 29,286

Foreign official 7,971 - 91 - 123

Other (0) 17,020 - 993 - 3,135

Deferred availability cash items (0) 772 + 163 - 600

Other liabilities and accrued dividends15 7,971 + 348 - 561

Total liabilities (0) 4,054,144 + 7,038 +1,093,980

Capital accounts

Capital paid in 27,571 + 55 + 165

Surplus 27,571 + 55 + 165

Other capital accounts 0 0 0

Total capital 55,141 + 108 + 330

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 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, February 5, 2014

Millions of dollars

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

Assets

Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

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

Coin 2,037 37 91 128 136 349 244 289 22 51 157 190 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,030,962 105,407 2,235,372 116,791 102,944 250,642 267,765 217,813 64,858 38,251 76,260 156,528 398,330

Securities held outright1 3,836,615 100,324 2,127,560 111,163 97,983 238,564 254,861 207,317 61,732 36,406 72,585 148,985 379,134

U.S. Treasury securities 2,252,973 58,913 1,249,366 65,278 57,539 140,092 149,662 121,743 36,251 21,379 42,624 87,488 222,639

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

Notes and bonds3 2,252,973 58,913 1,249,366 65,278 57,539 140,092 149,662 121,743 36,251 21,379 42,624 87,488 222,639

Federal agency debt securities2 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080

Mortgage-backed securities4 1,532,231 40,066 849,685 44,395 39,132 95,275 101,784 82,796 24,654 14,540 28,988 59,500 151,415

Unamortized premiums on securities 

held outright5 208,632 5,456 115,695 6,045 5,328 12,973 13,859 11,274 3,357 1,980 3,947 8,102 20,617

Unamortized discounts on securities 

held outright5 -14,389 -376 -7,979 -417 -367 -895 -956 -778 -232 -137 -272 -559 -1,422

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

Loans 103 4 96 0 0 0 0 0 0 2 0 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,579 0 1,579 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 108 0 108 0 0 0 0 0 0 0 0 0 0

Items in process of collection 125 0 0 0 0 0 123 0 0 0 0 0 0

Bank premises 2,280 124 429 72 110 227 211 201 126 99 246 230 203

Central bank liquidity swaps11 359 16 115 27 29 75 21 10 3 2 4 6 52

Foreign currency denominated assets12 23,880 1,086 7,682 1,795 1,899 4,979 1,373 659 201 101 251 399 3,455

Other assets13 31,633 872 17,064 928 821 2,156 2,123 1,709 584 371 624 1,261 3,120

Interdistrict settlement account 0 - 27,558 + 303,713 - 15,772 - 20,970 - 38,448 - 64,203 - 70,551 - 20,891 - 17,103 - 27,361 - 40,425 + 39,568

Total assets 4,109,285 80,572 2,571,982 104,576 85,719 221,248 209,732 151,347 45,363 22,053 50,643 119,199 446,852

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, February 5, 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 1,384,707 44,608 508,555 41,200 59,775 103,529 166,946 87,840 34,483 20,742 36,481 119,339 161,210

Less: Notes held by F.R. Banks 197,556 4,680 36,849 5,541 6,715 8,742 17,396 13,838 3,565 8,326 10,482 52,729 28,693

Federal Reserve notes, net 1,187,151 39,928 471,706 35,659 53,060 94,787 149,550 74,002 30,918 12,416 25,999 66,610 132,516

Reverse repurchase agreements14 196,114 5,128 108,753 5,682 5,009 12,195 13,028 10,597 3,156 1,861 3,710 7,616 19,380

Deposits 2,662,136 32,812 1,969,232 58,863 23,052 102,215 42,797 64,834 10,651 7,343 20,169 43,784 286,384

Term deposits held by depository

institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855

Other deposits held by depository

institutions 2,546,900 32,810 1,857,130 58,839 23,049 102,146 42,305 63,468 10,620 7,258 20,077 43,676 285,522

U.S. Treasury, General Account 77,423 0 77,423 0 0 0 0 0 0 0 0 0 0

Foreign official 7,971 2 7,944 3 3 8 2 1 0 0 0 1 6

Other 17,020 1 16,934 21 0 40 10 9 0 0 1 2 1

Deferred availability cash items 772 0 0 0 0 0 705 0 0 67 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 3,357 42 2,616 42 38 94 133 106 30 18 58 67 114

Other liabilities and accrued

dividends16 4,614 159 1,985 193 185 480 354 288 137 114 121 206 390

Total liabilities 4,054,144 78,070 2,554,292 100,440 81,343 209,770 206,566 149,827 44,892 21,819 50,056 118,283 438,784

Capital

Capital paid in 27,571 1,251 8,845 2,068 2,188 5,739 1,583 760 235 117 293 458 4,034

Surplus 27,571 1,251 8,845 2,068 2,188 5,739 1,583 760 235 117 293 458 4,034

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

Total liabilities and capital 4,109,285 80,572 2,571,982 104,576 85,719 221,248 209,732 151,347 45,363 22,053 50,643 119,199 446,852

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, February 5, 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. 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.

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 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 Feb 5, 2014

Federal Reserve notes outstanding 1,384,707

Less: Notes held by F.R. Banks not subject to collateralization 197,556

Federal Reserve notes to be collateralized 1,187,151

Collateral held against Federal Reserve notes 1,187,151

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,170,914

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,836,615

Less: Face value of securities under reverse repurchase agreements 196,689

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,639,926

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.