FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 10, 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

Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Wednesday

Jul 9, 2014

Reserve Bank credit 4,336,642 + 6,028 + 880,325 4,340,528

Securities held outright1 4,113,143 + 4,446 + 887,796 4,116,066

U.S. Treasury securities 2,405,583 + 4,445 + 457,555 2,408,506

Bills2 0 0 0 0

Notes and bonds, nominal2 2,292,949 + 4,352 + 440,564 2,295,845

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

Inflation compensation3 15,863 + 93 + 3,246 15,890

Federal agency debt securities2 43,659 0 - 25,521 43,659

Mortgage-backed securities4 1,663,901 + 1 + 455,762 1,663,901

Unamortized premiums on securities held outright5 209,105 - 288 + 5,237 209,158

Unamortized discounts on securities held outright5 -18,514 - 19 - 16,047 -18,544

Repurchase agreements6 0 0 0 0

Loans 198 - 1 - 162 206

Primary credit 1 - 9 - 13 0

Secondary credit 0 0 0 0

Seasonal credit 147 + 7 + 56 157

Term Asset-Backed Securities Loan Facility7 49 0 - 206 49

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,655 + 1 + 241 1,655

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 77 - 13 - 193 60

Float -738 - 130 + 166 -652

Central bank liquidity swaps12 124 0 - 1,383 124

Other Federal Reserve assets13 31,508 + 2,033 + 4,671 32,369

Foreign currency denominated assets14 23,965 - 93 + 795 24,009

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,954 + 14 + 785 45,954

Total factors supplying reserve funds 4,422,802 + 5,949 + 881,905 4,426,733

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

Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Wednesday

Jul 9, 2014

Currency in circulation15 1,288,698 + 6,340 + 87,626 1,288,142

Reverse repurchase agreements16 244,577 - 36,444 + 154,842 248,252

Foreign official and international accounts 106,222 - 3,607 + 16,487 103,331

Others 138,355 - 32,837 + 138,355 144,921

Treasury cash holdings 148 + 2 + 22 143

Deposits with F.R. Banks, other than reserve balances 202,556 - 7,880 + 85,502 194,135

Term deposits held by depository institutions 124,887 + 32,467 + 124,887 124,887

U.S. Treasury, General Account 63,826 - 36,259 - 24,864 56,503

Foreign official 5,868 - 73 - 4,090 5,866

Other17 7,975 - 4,015 - 10,431 6,878

Other liabilities and capital18 63,991 - 203 + 1,671 63,007

Total factors, other than reserve balances,

absorbing reserve funds 1,799,970 - 38,187 + 329,664 1,793,680

Reserve balances with Federal Reserve Banks 2,622,832 + 44,135 + 552,241 2,633,053

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

Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Wednesday

Jul 9, 2014

Securities held in custody for foreign official and international

accounts 3,309,094 + 5,327 + 24,425 3,314,066

Marketable U.S. Treasury securities1 2,975,142 + 4,988 + 29,448 2,980,627

Federal agency debt and mortgage-backed securities2 291,879 + 12 - 8,615 291,674

Other securities3 42,072 + 326 + 3,591 41,765

Securities lent to dealers 13,803 - 2,561 + 1,919 13,403

Overnight facility4 13,803 - 2,561 + 1,919 13,403

U.S. Treasury securities 12,673 - 2,453 + 1,708 12,238

Federal agency debt securities 1,130 - 108 + 211 1,165

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, July 9, 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 39 153 14 0 0 ... 206

U.S. Treasury securities2

Holdings 0 47 1,995 949,862 811,565 645,037 2,408,506

Weekly changes 0 0 0 + 12 + 2,786 + 1,132 + 3,929

Federal agency debt securities3

Holdings 1,009 2,644 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 3,924 1,659,967 1,663,901

Weekly changes 0 0 0 0 + 199 - 199 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 124 0 0 0 0 0 124

Reverse repurchase agreements6 248,252 0 ... ... ... ... 248,252

Term deposits 124,887 0 0 ... ... ... 124,887

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 Jul 9, 2014

Mortgage-backed securities held outright1 1,663,901

Commitments to buy mortgage-backed securities2 68,525

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 6

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 Jul 9, 2014

Net portfolio holdings of Maiden Lane LLC1 1,655

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 Jul 9, 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 Jul 9, 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 Jul 9, 2014

Asset-backed securities holdings1 0

Other investments, net 60

Net portfolio holdings of TALF LLC 60

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

Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,878 + 2 - 90

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,306,887 + 3,763 + 875,212

Securities held outright1 4,116,066 + 3,930 + 886,205

U.S. Treasury securities 2,408,506 + 3,929 + 455,977

Bills2 0 0 0

Notes and bonds, nominal2 2,295,845 + 3,841 + 438,973

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

Inflation compensation3 15,890 + 88 + 3,259

Federal agency debt securities2 43,659 0 - 25,521

Mortgage-backed securities4 1,663,901 0 + 455,749

Unamortized premiums on securities held outright5 209,158 - 157 + 5,201

Unamortized discounts on securities held outright5 -18,544 - 21 - 16,033

Repurchase agreements6 0 0 0

Loans 206 + 11 - 163

Net portfolio holdings of Maiden Lane LLC7 1,655 0 + 240

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 60 - 30 - 208

Items in process of collection (0) 98 + 3 + 3

Bank premises 2,261 0 - 33

Central bank liquidity swaps11 124 0 - 1,355

Foreign currency denominated assets12 24,009 - 98 + 793

Other assets13 30,108 + 2,729 + 4,745

Total assets (0) 4,383,401 + 6,370 + 879,306

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

Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,244,205 + 538 + 87,349

Reverse repurchase agreements14 248,252 - 9,870 + 162,349

Deposits (0) 2,827,188 + 15,573 + 628,152

Term deposits held by depository institutions 124,887 + 32,467 + 124,887

Other deposits held by depository institutions 2,633,053 + 28,273 + 550,000

U.S. Treasury, General Account 56,503 - 44,582 - 18,751

Foreign official 5,866 - 75 - 4,078

Other15 (0) 6,878 - 511 - 23,907

Deferred availability cash items (0) 749 - 38 - 130

Other liabilities and accrued dividends16 6,689 + 167 + 250

Total liabilities (0) 4,327,083 + 6,370 + 877,971

Capital accounts

Capital paid in 28,159 0 + 667

Surplus 28,159 0 + 667

Other capital accounts 0 0 0

Total capital 56,319 + 1 + 1,336

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, July 9, 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 1,878 33 81 119 119 315 220 276 22 45 150 179 320

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,306,887 87,117 2,643,333 103,175 94,030 240,703 238,092 176,043 53,155 26,450 56,737 131,233 456,819

Securities held outright1 4,116,066 83,261 2,526,291 98,608 89,868 230,050 227,534 168,229 50,769 25,225 54,218 125,418 436,595

U.S. Treasury securities 2,408,506 48,720 1,478,253 57,700 52,586 134,613 133,141 98,439 29,707 14,760 31,726 73,388 255,473

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

Notes and bonds3 2,408,506 48,720 1,478,253 57,700 52,586 134,613 133,141 98,439 29,707 14,760 31,726 73,388 255,473

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 1,663,901 33,658 1,021,242 39,862 36,329 92,997 91,979 68,006 20,523 10,197 21,917 50,700 176,492

Unamortized premiums on securities 

held outright5 209,158 4,231 128,374 5,011 4,567 11,690 11,562 8,549 2,580 1,282 2,755 6,373 22,186

Unamortized discounts on securities 

held outright5 -18,544 -375 -11,381 -444 -405 -1,036 -1,025 -758 -229 -114 -244 -565 -1,967

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

Loans 206 0 49 0 0 0 22 23 35 58 8 7 5

Net portfolio holdings of Maiden

Lane LLC7 1,655 0 1,655 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 60 0 60 0 0 0 0 0 0 0 0 0 0

Items in process of collection 98 0 0 0 0 0 97 0 0 0 0 0 0

Bank premises 2,261 121 431 74 110 224 209 198 124 98 244 226 201

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

Foreign currency denominated assets12 24,009 1,092 7,723 1,805 1,909 5,006 1,380 663 202 101 253 401 3,474

Other assets13 30,108 648 18,145 723 661 1,852 1,663 1,227 432 256 420 953 3,127

Interdistrict settlement account 0 + 27,975 - 24,854 + 8,242 + 3,751 - 10,863 + 9,295 - 20,635 - 10,778 - 3,407 - 3,772 - 4,256 + 29,300

Total assets 4,383,401 117,540 2,652,642 114,695 101,291 238,499 252,966 158,905 43,586 23,808 54,477 129,901 495,089

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, July 9, 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 1,451,650 45,247 500,608 42,986 65,176 105,714 212,899 93,630 37,118 21,200 37,541 115,949 173,583

Less: Notes held by F.R. Banks 207,445 4,919 66,666 6,076 8,727 10,792 20,748 14,712 4,933 4,947 5,335 31,022 28,567

Federal Reserve notes, net 1,244,205 40,328 433,942 36,910 56,449 94,922 192,151 78,918 32,185 16,252 32,206 84,926 145,016

Reverse repurchase agreements14 248,252 5,022 152,368 5,947 5,420 13,875 13,723 10,146 3,062 1,521 3,270 7,564 26,332

Deposits 2,827,188 69,441 2,044,541 67,385 34,764 117,602 42,761 67,970 7,686 5,601 18,272 36,218 314,946

Term deposits held by depository

institutions 124,887 105 104,935 1,215 2,770 72 535 10,225 55 65 205 205 4,500

Other deposits held by depository

institutions 2,633,053 69,334 1,870,531 66,138 31,990 117,430 42,217 57,736 7,631 5,536 18,066 36,008 310,437

U.S. Treasury, General Account 56,503 0 56,503 0 0 0 0 0 0 0 0 0 0

Foreign official 5,866 2 5,839 3 3 8 2 1 0 0 0 1 6

Other15 6,878 1 6,732 29 0 92 7 8 0 0 1 5 3

Deferred availability cash items 749 0 0 0 0 0 674 0 0 75 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,149 41 1,359 47 42 108 113 90 25 12 27 64 221

Other liabilities and accrued

dividends17 4,540 149 2,050 180 177 466 330 255 134 112 116 190 381

Total liabilities 4,327,083 114,981 2,634,259 110,469 96,853 226,973 249,752 157,379 43,091 23,574 53,891 128,963 486,896

Capital

Capital paid in 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096

Surplus 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096

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

Total liabilities and capital 4,383,401 117,540 2,652,642 114,695 101,291 238,499 252,966 158,905 43,586 23,808 54,477 129,901 495,089

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, July 9, 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 Jul 9, 2014

Federal Reserve notes outstanding 1,451,650

Less: Notes held by F.R. Banks not subject to collateralization 207,445

Federal Reserve notes to be collateralized 1,244,205

Collateral held against Federal Reserve notes 1,244,205

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,227,968

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,116,066

Less: Face value of securities under reverse repurchase agreements 239,197

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,876,869

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.