FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 17, 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 16, 2014 Jul 9, 2014 Jul 17, 2013

Wednesday

Jul 16, 2014

Reserve Bank credit 4,348,912 + 12,270 + 871,331 4,355,476

Securities held outright1 4,123,128 + 9,985 + 878,115 4,129,965

U.S. Treasury securities 2,409,410 + 3,827 + 450,723 2,410,339

Bills2 0 0 0 0

Notes and bonds, nominal2 2,296,168 + 3,219 + 434,508 2,296,978

Notes and bonds, inflation-indexed2 97,248 + 477 + 13,039 97,327

Inflation compensation3 15,994 + 131 + 3,175 16,034

Federal agency debt securities2 43,371 - 288 - 23,604 42,650

Mortgage-backed securities4 1,670,348 + 6,447 + 450,998 1,676,976

Unamortized premiums on securities held outright5 209,297 + 192 + 5,056 209,521

Unamortized discounts on securities held outright5 -18,538 - 24 - 15,789 -18,560

Repurchase agreements6 0 0 0 0

Loans 219 + 21 - 146 237

Primary credit 4 + 3 - 9 11

Secondary credit 0 0 0 0

Seasonal credit 165 + 18 + 55 176

Term Asset-Backed Securities Loan Facility7 49 0 - 193 49

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,656 + 1 + 241 1,662

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 60 - 17 - 208 60

Float -605 + 133 + 174 -613

Central bank liquidity swaps12 124 0 - 1,355 124

Other Federal Reserve assets13 33,486 + 1,978 + 5,243 32,996

Foreign currency denominated assets14 23,987 + 22 + 469 23,902

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,968 + 14 + 780 45,968

Total factors supplying reserve funds 4,435,108 + 12,306 + 872,580 4,441,588

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 16, 2014 Jul 9, 2014 Jul 17, 2013

Wednesday

Jul 16, 2014

Currency in circulation15 1,285,435 - 3,263 + 89,017 1,285,225

Reverse repurchase agreements16 214,108 - 30,469 + 121,683 209,476

Foreign official and international accounts 102,932 - 3,290 + 10,507 103,635

Others 111,176 - 27,179 + 111,176 105,841

Treasury cash holdings 142 - 6 + 23 138

Deposits with F.R. Banks, other than reserve balances 231,340 + 28,784 + 113,525 229,954

Term deposits held by depository institutions 152,795 + 27,908 + 152,795 152,795

U.S. Treasury, General Account 59,384 - 4,442 - 10,774 63,737

Foreign official 6,191 + 323 - 3,753 6,566

Other17 12,970 + 4,995 - 24,744 6,856

Other liabilities and capital18 64,397 + 406 + 936 62,577

Total factors, other than reserve balances,

absorbing reserve funds 1,795,423 - 4,547 + 325,184 1,787,370

Reserve balances with Federal Reserve Banks 2,639,685 + 16,853 + 547,396 2,654,218

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 16, 2014 Jul 9, 2014 Jul 17, 2013

Wednesday

Jul 16, 2014

Securities held in custody for foreign official and international

accounts 3,311,816 + 2,722 + 33,533 3,313,307

Marketable U.S. Treasury securities1 2,978,545 + 3,403 + 36,532 2,981,074

Federal agency debt and mortgage-backed securities2 291,020 - 859 - 7,641 289,641

Other securities3 42,250 + 178 + 4,641 42,593

Securities lent to dealers 11,936 - 1,867 + 1,330 12,635

Overnight facility4 11,936 - 1,867 + 1,330 12,635

U.S. Treasury securities 10,872 - 1,801 + 1,041 11,476

Federal agency debt securities 1,063 - 67 + 288 1,159

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 16, 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 84 138 14 0 0 ... 237

U.S. Treasury securities2

Holdings 40 7 1,995 950,471 810,990 646,836 2,410,339

Weekly changes + 40 - 40 0 + 609 - 575 + 1,799 + 1,833

Federal agency debt securities3

Holdings 523 2,121 4,111 33,548 0 2,347 42,650

Weekly changes - 486 - 523 0 0 0 0 - 1,009

Mortgage-backed securities4

Holdings 0 0 0 10 3,902 1,673,064 1,676,976

Weekly changes 0 0 0 0 - 22 + 13,097 + 13,075

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 209,476 0 ... ... ... ... 209,476

Term deposits 152,795 0 0 ... ... ... 152,795

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 16, 2014

Mortgage-backed securities held outright1 1,676,976

Commitments to buy mortgage-backed securities2 55,696

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 52

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 16, 2014

Net portfolio holdings of Maiden Lane LLC1 1,662

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 16, 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 16, 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 16, 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 16, 2014 Jul 9, 2014 Jul 17, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,896 + 18 - 82

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,321,163 + 14,276 + 856,475

Securities held outright1 4,129,965 + 13,899 + 867,235

U.S. Treasury securities 2,410,339 + 1,833 + 448,668

Bills2 0 0 0

Notes and bonds, nominal2 2,296,978 + 1,133 + 432,573

Notes and bonds, inflation-indexed2 97,327 + 556 + 12,921

Inflation compensation3 16,034 + 144 + 3,174

Federal agency debt securities2 42,650 - 1,009 - 23,871

Mortgage-backed securities4 1,676,976 + 13,075 + 442,439

Unamortized premiums on securities held outright5 209,521 + 363 + 5,013

Unamortized discounts on securities held outright5 -18,560 - 16 - 15,647

Repurchase agreements6 0 0 0

Loans 237 + 31 - 128

Net portfolio holdings of Maiden Lane LLC7 1,662 + 7 + 248

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 0 - 208

Items in process of collection (0) 75 - 23 - 35

Bank premises 2,262 + 1 - 32

Central bank liquidity swaps11 124 0 - 1,355

Foreign currency denominated assets12 23,902 - 107 + 378

Other assets13 30,735 + 627 + 4,952

Total assets (0) 4,398,201 + 14,800 + 860,340

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 16, 2014 Jul 9, 2014 Jul 17, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,241,287 - 2,918 + 88,696

Reverse repurchase agreements14 209,476 - 38,776 + 120,957

Deposits (0) 2,884,172 + 56,984 + 651,563

Term deposits held by depository institutions 152,795 + 27,908 + 152,795

Other deposits held by depository institutions 2,654,218 + 21,165 + 513,781

U.S. Treasury, General Account 63,737 + 7,234 - 3,428

Foreign official 6,566 + 700 - 3,378

Other15 (0) 6,856 - 22 - 8,208

Deferred availability cash items (0) 689 - 60 - 154

Other liabilities and accrued dividends16 6,256 - 433 - 2,013

Total liabilities (0) 4,341,880 + 14,797 + 859,050

Capital accounts

Capital paid in 28,161 + 2 + 645

Surplus 28,161 + 2 + 645

Other capital accounts 0 0 0

Total capital 56,321 + 2 + 1,290

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 16, 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 1,896 34 82 118 121 314 223 277 24 48 150 180 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,321,163 87,405 2,652,078 103,516 94,341 241,500 238,891 176,630 53,331 26,553 56,920 131,668 458,330

Securities held outright1 4,129,965 83,542 2,534,822 98,941 90,171 230,827 228,302 168,797 50,940 25,310 54,401 125,841 438,070

U.S. Treasury securities 2,410,339 48,757 1,479,378 57,744 52,626 134,715 133,242 98,514 29,730 14,771 31,750 73,444 255,667

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

Notes and bonds3 2,410,339 48,757 1,479,378 57,744 52,626 134,715 133,242 98,514 29,730 14,771 31,750 73,444 255,667

Federal agency debt securities2 42,650 863 26,177 1,022 931 2,384 2,358 1,743 526 261 562 1,300 4,524

Mortgage-backed securities4 1,676,976 33,922 1,029,267 40,175 36,614 93,727 92,702 68,540 20,684 10,277 22,090 51,098 177,879

Unamortized premiums on securities 

held outright5 209,521 4,238 128,597 5,019 4,575 11,710 11,582 8,563 2,584 1,284 2,760 6,384 22,224

Unamortized discounts on securities 

held outright5 -18,560 -375 -11,392 -445 -405 -1,037 -1,026 -759 -229 -114 -244 -566 -1,969

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

Loans 237 0 51 0 0 0 32 28 35 73 3 8 5

Net portfolio holdings of Maiden

Lane LLC7 1,662 0 1,662 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 75 0 0 0 0 0 75 0 0 0 0 0 0

Bank premises 2,262 121 432 74 110 224 209 199 124 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 23,902 1,087 7,689 1,797 1,901 4,984 1,374 660 201 101 252 400 3,458

Other assets13 30,735 664 18,509 743 674 1,895 1,683 1,242 441 255 429 1,011 3,190

Interdistrict settlement account 0 + 27,715 - 1,335 + 6,094 + 1,849 - 19,391 + 5,066 - 20,185 - 11,462 - 4,135 - 4,977 - 5,431 + 26,193

Total assets 4,398,201 117,581 2,685,244 112,899 99,707 230,786 249,531 159,957 43,088 23,184 53,463 129,218 493,545

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 16, 2014 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,452,235 45,153 499,438 42,886 65,627 105,865 212,909 93,922 37,526 21,044 37,472 115,900 174,492

Less: Notes held by F.R. Banks 210,948 4,984 67,021 6,332 9,042 11,463 21,202 14,925 5,098 4,870 5,379 31,134 29,498

Federal Reserve notes, net 1,241,287 40,169 432,417 36,554 56,585 94,403 191,707 78,997 32,428 16,174 32,092 84,766 144,994

Reverse repurchase agreements14 209,476 4,237 128,569 5,018 4,574 11,708 11,580 8,562 2,584 1,284 2,759 6,383 22,219

Deposits 2,884,172 70,427 2,102,896 66,872 33,893 112,575 41,969 70,530 7,422 5,291 17,882 36,874 317,541

Term deposits held by depository

institutions 152,795 130 129,180 1,995 2,670 335 1,035 10,620 370 65 495 905 4,995

Other deposits held by depository

institutions 2,654,218 70,290 1,896,714 64,844 31,220 112,162 40,923 59,901 7,051 5,226 17,386 35,963 312,537

U.S. Treasury, General Account 63,737 0 63,737 0 0 0 0 0 0 0 0 0 0

Foreign official 6,566 2 6,539 3 3 8 2 1 0 0 0 1 6

Other15 6,856 5 6,725 30 0 69 9 8 0 0 1 5 3

Deferred availability cash items 689 0 0 0 0 0 611 0 0 78 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 1,933 30 1,235 38 35 86 114 78 24 10 25 61 196

Other liabilities and accrued

dividends17 4,323 159 1,744 190 182 488 338 263 135 112 118 195 398

Total liabilities 4,341,880 115,022 2,666,861 108,673 95,268 219,259 246,320 158,431 42,592 22,949 52,877 128,280 485,347

Capital

Capital paid in 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099

Surplus 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099

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

Total liabilities and capital 4,398,201 117,581 2,685,244 112,899 99,707 230,786 249,531 159,957 43,088 23,184 53,463 129,218 493,545

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 16, 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 16, 2014

Federal Reserve notes outstanding 1,452,235

Less: Notes held by F.R. Banks not subject to collateralization 210,948

Federal Reserve notes to be collateralized 1,241,287

Collateral held against Federal Reserve notes 1,241,287

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,225,050

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,129,965

Less: Face value of securities under reverse repurchase agreements 193,028

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,936,937

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.