FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks May 15, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

May 14, 2014 May 7, 2014 May 15, 2013

Wednesday

May 14, 2014

Reserve Bank credit 4,274,129 + 17,960 + 970,870 4,293,662

Securities held outright1 4,044,003 + 15,099 + 974,894 4,062,323

U.S. Treasury securities 2,357,345 + 5,281 + 496,761 2,361,328

Bills2 0 0 0 0

Notes and bonds, nominal2 2,246,556 + 4,476 + 479,865 2,250,372

Notes and bonds, inflation-indexed2 95,971 + 582 + 14,521 96,068

Inflation compensation3 14,819 + 224 + 2,377 14,888

Federal agency debt securities2 44,965 0 - 27,088 44,965

Mortgage-backed securities4 1,641,693 + 9,818 + 505,221 1,656,030

Unamortized premiums on securities held outright5 209,681 + 136 + 11,650 210,009

Unamortized discounts on securities held outright5 -17,786 - 32 - 16,119 -17,864

Repurchase agreements6 0 0 0 0

Loans 130 + 1 - 292 129

Primary credit 6 - 6 0 3

Secondary credit 0 0 0 0

Seasonal credit 43 + 7 + 5 45

Term Asset-Backed Securities Loan Facility7 81 0 - 296 81

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,655 + 1 + 225 1,656

Net portfolio holdings of Maiden Lane II LLC9 63 0 - 1 63

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

Net portfolio holdings of TALF LLC11 91 - 1 - 297 91

Float -597 + 64 + 125 -665

Central bank liquidity swaps12 300 0 - 6,976 300

Other Federal Reserve assets13 36,567 + 2,692 + 7,660 37,600

Foreign currency denominated assets14 24,127 - 111 + 926 24,087

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,817 + 14 + 766 45,817

Total factors supplying reserve funds 4,360,314 + 17,862 + 972,562 4,379,807

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

May 14, 2014 May 7, 2014 May 15, 2013

Wednesday

May 14, 2014

Currency in circulation15 1,274,690 + 1,558 + 90,049 1,275,757

Reverse repurchase agreements16 297,550 - 3,895 + 205,974 293,672

Foreign official and international accounts 107,781 - 4,532 + 16,205 110,485

Others 189,769 + 636 + 189,769 183,187

Treasury cash holdings 217 - 11 + 46 205

Deposits with F.R. Banks, other than reserve balances 91,918 - 13,940 - 36,044 99,015

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 71,250 - 20,147 - 18,749 62,954

Foreign official 7,779 - 4 - 2,626 7,777

Other17 12,889 + 6,211 - 14,668 28,284

Other liabilities and capital18 65,103 + 935 - 1,293 63,526

Total factors, other than reserve balances,

absorbing reserve funds 1,729,478 - 15,353 + 258,733 1,732,174

Reserve balances with Federal Reserve Banks 2,630,836 + 33,215 + 713,829 2,647,633

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

May 14, 2014 May 7, 2014 May 15, 2013

Wednesday

May 14, 2014

Securities held in custody for foreign official and international

accounts 3,284,250 - 390 - 14,769 3,268,916

Marketable U.S. Treasury securities1 2,949,600 + 353 + 1,535 2,934,717

Federal agency debt and mortgage-backed securities2 292,558 - 680 - 19,718 291,962

Other securities3 42,093 - 62 + 3,415 42,238

Securities lent to dealers 11,595 + 484 - 9,053 10,795

Overnight facility4 11,595 + 484 - 9,053 10,795

U.S. Treasury securities 10,592 + 432 - 9,156 9,882

Federal agency debt securities 1,003 + 52 + 104 913

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 14, 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 58 65 0 0 ... 129

U.S. Treasury securities2

Holdings 0 77 553 910,075 820,137 630,485 2,361,328

Weekly changes 0 0 0 + 33,934 - 29,422 + 1,900 + 6,412

Federal agency debt securities3

Holdings 883 1,955 6,232 33,548 0 2,347 44,965

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 8 3,745 1,652,277 1,656,030

Weekly changes 0 0 0 + 1 + 8 + 24,146 + 24,155

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 126 174 0 0 0 0 300

Reverse repurchase agreements6 293,672 0 ... ... ... ... 293,672

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name May 14, 2014

Mortgage-backed securities held outright1 1,656,030

Commitments to buy mortgage-backed securities2 43,352

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 3

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

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name May 14, 2014

Net portfolio holdings of Maiden Lane LLC1 1,656

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name May 14, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name May 14, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name May 14, 2014

Asset-backed securities holdings1 0

Other investments, net 91

Net portfolio holdings of TALF LLC 91

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through

the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

May 14, 2014 May 7, 2014 May 15, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,916 + 15 - 105

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,254,596 + 30,975 + 969,733

Securities held outright1 4,062,323 + 30,567 + 975,267

U.S. Treasury securities 2,361,328 + 6,412 + 496,820

Bills2 0 0 0

Notes and bonds, nominal2 2,250,372 + 5,499 + 480,023

Notes and bonds, inflation-indexed2 96,068 + 679 + 14,422

Inflation compensation3 14,888 + 234 + 2,375

Federal agency debt securities2 44,965 0 - 27,088

Mortgage-backed securities4 1,656,030 + 24,155 + 505,536

Unamortized premiums on securities held outright5 210,009 + 517 + 10,956

Unamortized discounts on securities held outright5 -17,864 - 79 - 16,192

Repurchase agreements6 0 0 0

Loans 129 - 29 - 297

Net portfolio holdings of Maiden Lane LLC7 1,656 + 2 + 227

Net portfolio holdings of Maiden Lane II LLC8 63 0 - 1

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 91 0 - 297

Items in process of collection (0) 81 + 6 - 416

Bank premises 2,267 + 1 - 30

Central bank liquidity swaps11 300 0 - 6,976

Foreign currency denominated assets12 24,087 - 218 + 1,084

Other assets13 35,332 + 2,725 + 19,159

Total assets (0) 4,336,649 + 33,506 + 982,380

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

May 14, 2014 May 7, 2014 May 15, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,232,057 + 697 + 88,735

Reverse repurchase agreements14 293,672 - 6,523 + 204,287

Deposits (0) 2,746,648 + 39,361 + 690,276

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,647,633 + 50,584 + 695,336

U.S. Treasury, General Account 62,954 - 34,044 - 6,535

Foreign official 7,777 0 - 3,091

Other15 (0) 28,284 + 22,821 + 4,567

Deferred availability cash items (0) 747 - 28 - 498

Other liabilities and accrued dividends16 7,220 - 89 - 1,533

Total liabilities (0) 4,280,343 + 33,418 + 981,267

Capital accounts

Capital paid in 28,153 + 44 + 557

Surplus 28,153 + 44 + 557

Other capital accounts 0 0 0

Total capital 56,305 + 88 + 1,112

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 14, 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 1,916 30 86 121 126 322 231 281 22 47 150 172 328

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,254,596 86,060 2,611,318 101,925 92,890 237,785 235,188 173,900 52,479 26,091 56,049 129,635 451,277

Securities held outright1 4,062,323 82,174 2,493,306 97,321 88,695 227,046 224,563 166,033 50,106 24,895 53,510 123,780 430,895

U.S. Treasury securities 2,361,328 47,766 1,449,297 56,570 51,556 131,976 130,533 96,511 29,125 14,471 31,104 71,950 250,469

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

Notes and bonds3 2,361,328 47,766 1,449,297 56,570 51,556 131,976 130,533 96,511 29,125 14,471 31,104 71,950 250,469

Federal agency debt securities2 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769

Mortgage-backed securities4 1,656,030 33,499 1,016,411 39,673 36,157 92,557 91,544 67,684 20,426 10,149 21,814 50,460 175,657

Unamortized premiums on securities 

held outright5 210,009 4,248 128,896 5,031 4,585 11,738 11,609 8,583 2,590 1,287 2,766 6,399 22,276

Unamortized discounts on securities 

held outright5 -17,864 -361 -10,965 -428 -390 -998 -988 -730 -220 -109 -235 -544 -1,895

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

Loans 129 0 81 1 0 0 3 14 4 18 8 0 1

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane II LLC8 63 0 63 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC9 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC10 91 0 91 0 0 0 0 0 0 0 0 0 0

Items in process of collection 81 0 0 0 0 0 81 0 0 1 0 0 0

Bank premises 2,267 122 429 73 109 225 210 199 125 98 245 230 202

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

Foreign currency denominated assets12 24,087 1,095 7,748 1,811 1,915 5,022 1,385 665 202 102 253 403 3,485

Other assets13 35,332 748 21,252 979 770 2,153 1,955 1,438 476 279 484 1,125 3,675

Interdistrict settlement account 0 + 11,888 + 16,684 + 2,922 - 5,069 - 6,525 + 11,337 - 26,147 - 9,734 - 3,058 - 4,996 + 196 + 12,503

Total assets 4,336,649 100,506 2,665,388 108,401 91,465 240,280 252,407 151,475 44,001 23,823 52,632 132,927 473,344

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 14, 2014 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,459,790 45,265 515,321 43,727 63,354 104,750 212,323 92,735 36,633 21,495 38,053 117,092 169,045

Less: Notes held by F.R. Banks 227,733 4,752 76,142 6,012 9,244 11,294 22,762 15,176 4,865 5,956 6,344 33,606 31,580

Federal Reserve notes, net 1,232,057 40,513 439,179 37,715 54,110 93,456 189,561 77,558 31,767 15,539 31,709 83,485 137,464

Reverse repurchase agreements14 293,672 5,940 180,245 7,035 6,412 16,414 16,234 12,003 3,622 1,800 3,868 8,948 31,150

Deposits 2,746,648 51,305 2,023,949 59,153 26,253 118,229 42,321 60,022 7,949 5,984 16,318 39,298 295,868

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,647,633 51,302 1,925,172 59,123 26,249 118,054 42,312 60,015 7,948 5,984 16,316 39,296 295,861

U.S. Treasury, General Account 62,954 0 62,954 0 0 0 0 0 0 0 0 0 0

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

Other15 28,284 1 28,073 27 0 167 7 6 0 0 1 1 1

Deferred availability cash items 747 0 0 0 0 0 605 0 0 141 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,042 34 1,339 21 30 76 111 92 27 12 27 66 206

Other liabilities and accrued

dividends17 5,179 178 2,296 227 222 575 358 272 139 114 126 202 469

Total liabilities 4,280,343 97,971 2,647,009 104,152 87,026 228,749 249,190 149,948 43,504 23,591 52,047 132,000 465,158

Capital

Capital paid in 28,153 1,268 9,190 2,125 2,219 5,765 1,609 764 249 116 293 464 4,093

Surplus 28,153 1,268 9,190 2,125 2,219 5,765 1,609 764 249 116 293 464 4,093

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

Total liabilities and capital 4,336,649 100,506 2,665,388 108,401 91,465 240,280 252,407 151,475 44,001 23,823 52,632 132,927 473,344

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 14, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral May 14, 2014

Federal Reserve notes outstanding 1,459,790

Less: Notes held by F.R. Banks not subject to collateralization 227,733

Federal Reserve notes to be collateralized 1,232,057

Collateral held against Federal Reserve notes 1,232,057

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,215,820

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,062,323

Less: Face value of securities under reverse repurchase agreements 297,722

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,764,601

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.