FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 26, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 25, 2014 
Federal Reserve Banks                                     Jun 25, 2014 Jun 18, 2014 Jun 26, 2013              

Reserve Bank credit                                         4,332,168   +    9,746   +  889,307    4,325,612  
  Securities held outright (1)                              4,109,497   +    9,008   +  896,399    4,104,528  
    U.S. Treasury securities                                2,394,367   +    5,850   +  471,101    2,396,972  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,281,913   +    5,645   +  454,271    2,284,487  
      Notes and bonds, inflation-indexed (2)                   96,771   +      100   +   13,745       96,771  
      Inflation compensation (3)                               15,683   +      105   +    3,085       15,715  
    Federal agency debt securities (2)                         43,659   -      363   -   26,999       43,659  
    Mortgage-backed securities (4)                          1,671,470   +    3,519   +  452,296    1,663,897  
  Unamortized premiums on securities held outright (5)        209,758   -       74   +    5,696      209,464  
  Unamortized discounts on securities held outright (5)       -18,398   -       87   -   16,187      -18,433  
  Repurchase agreements (6)                                         0            0   -       87            0  
  Loans                                                           204   +       37   -      163          274  
    Primary credit                                                 30   +       12   +        6           83  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               125   +       25   +       45          141  
    Term Asset-Backed Securities Loan Facility (7)                 50            0   -      214           49  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,654            0   +      235        1,654  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   -        1           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                          90            0   -      191           90  
  Float                                                          -486   +      130   +      149         -525  
  Central bank liquidity swaps (12)                               124   -       52   -    1,356          124  
  Other Federal Reserve assets (13)                            29,641   +      784   +    4,815       28,351  
Foreign currency denominated assets (14)                       23,944   +       62   +      219       24,010  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,926   +       14   +      795       45,926  
                                                                                                              
Total factors supplying reserve funds                       4,418,280   +    9,823   +  890,321    4,411,790  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 25, 2014 
Federal Reserve Banks                                     Jun 25, 2014 Jun 18, 2014 Jun 26, 2013              

Currency in circulation (15)                                 1,278,520   -      328   +   87,987    1,280,096 
Reverse repurchase agreements (16)                             213,745   +   37,589   +  125,166      222,743 
  Foreign official and international accounts                  103,437   -      969   +   14,858      103,070 
  Others                                                       110,308   +   38,558   +  110,308      119,673 
Treasury cash holdings                                             161   -       17   +       44          146 
Deposits with F.R. Banks, other than reserve balances          220,960   +   36,700   +   16,736      217,354 
  Term deposits held by depository institutions                 92,690   +   14,921   +   92,690       92,690 
  U.S. Treasury, General Account                               107,244   +   22,769   +   10,032      108,064 
  Foreign official                                               5,960   +        9   -    4,073        5,952 
  Other (17)                                                    15,067   -      997   -   81,912       10,648 
Other liabilities and capital (18)                              64,590   -      500   +    1,840       63,396 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,777,977   +   73,445   +  231,773    1,783,735 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,640,303   -   63,622   +  658,549    2,628,055 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
10. Refer to table 6 and the note on consolidation accompanying table 9.                                    
11. Refer to table 7 and the note on consolidation accompanying table 9.                                    
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
14. Revalued daily at current foreign currency exchange rates.                                              
15. Estimated.                                                                                              
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
17. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury. Refer to table 8 and table 9.                                                     


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 25, 2014 
                                                          Jun 25, 2014 Jun 18, 2014 Jun 26, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,315,003   +    8,586   +   24,606    3,305,524 
  Marketable U.S. Treasury securities (1)                    2,980,630   +    8,414   +   32,144    2,971,818 
  Federal agency debt and mortgage-backed securities (2)       292,953   +      308   -   10,566      292,279 
  Other securities (3)                                          41,420   -      136   +    3,029       41,427 
Securities lent to dealers                                      13,286   +      596   -    6,718       14,163 
  Overnight facility (4)                                        13,286   +      596   -    6,718       14,163 
    U.S. Treasury securities                                    12,225   +      574   -    6,945       13,003 
    Federal agency debt securities                               1,062   +       22   +      228        1,160 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 25, 2014       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                      224            16            34             0             0           ...           274 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1            46         1,995       931,888       821,260       641,782     2,396,972 
  Weekly changes                                 0             0             0    +       11    +    4,399    +    1,085    +    5,495 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         3,653         4,111        33,548             0         2,347        43,659 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         3,725     1,660,162     1,663,897 
  Weekly changes                                 0             0             0             0    -       58    -    4,431    -    4,489 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)                 0           124             0             0             0             0           124 
                                                                                                                                       
Reverse repurchase agreements (6)          222,743             0           ...           ...           ...           ...       222,743 
Term deposits                               92,690             0             0           ...           ...           ...        92,690 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden         
    Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
    statement of condition consistent with consolidation under generally accepted accounting principles.
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 25, 2014  

Mortgage-backed securities held outright (1)                                                                             1,663,897  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           53,970  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   30  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8       
    and table 9.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 25, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,654  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 25, 2014  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 25, 2014  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 25, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          90  
Net portfolio holdings of TALF LLC                                                                                              90  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 25, 2014   Wednesday    Wednesday  
                                                        consolidation                Jun 18, 2014 Jun 26, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,893   -        3   -       87  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,295,834   +      687   +  886,797  
    Securities held outright (1)                                          4,104,528   +    1,006   +  897,339  
      U.S. Treasury securities                                            2,396,972   +    5,495   +  468,556  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,284,487   +    5,409   +  451,687  
        Notes and bonds, inflation-indexed (2)                               96,771            0   +   13,745  
        Inflation compensation (3)                                           15,715   +       87   +    3,126  
      Federal agency debt securities (2)                                     43,659            0   -   26,999  
      Mortgage-backed securities (4)                                      1,663,897   -    4,489   +  455,781  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,464   -      337   +    5,681  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,433   -       90   -   16,113  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       274   +      106   -      110  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,654            0   +      236  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   -        1  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                        90            0   -      191  
  Items in process of collection                                   (0)           66   -       40   -       42  
  Bank premises                                                               2,263            0   -       36  
  Central bank liquidity swaps (11)                                             124   -       52   -    1,356  
  Foreign currency denominated assets (12)                                   24,010   +      116   +      368  
  Other assets (13)                                                          26,093   -      528   +    3,988  
                                                                                                               
Total assets                                                       (0)    4,368,348   +      180   +  889,676  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 25, 2014   Wednesday    Wednesday  
                                                        consolidation                Jun 18, 2014 Jun 26, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,236,205   +      433   +   85,870 
  Reverse repurchase agreements (14)                                         222,743   +   31,318   +  134,050 
  Deposits                                                          (0)    2,845,413   -   31,495   +  667,859 
    Term deposits held by depository institutions                             92,690   +   14,921   +   92,690 
    Other deposits held by depository institutions                         2,628,060   -    9,525   +  610,331 
    U.S. Treasury, General Account                                           108,064   -   39,555   +   13,793 
    Foreign official                                                           5,952   +        1   -    4,062 
    Other (15)                                                      (0)       10,648   +    2,664   -   44,892 
  Deferred availability cash items                                  (0)          591   -      136   -      281 
  Other liabilities and accrued dividends (16)                                 7,074   +       50   +      832 
                                                                                                               
Total liabilities                                                   (0)    4,312,026   +      170   +  888,330 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,161   +        5   +      673 
  Surplus                                                                     28,161   +        5   +      673 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,321   +        9   +    1,344 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 9.                                    
8.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 6 and the note on consolidation accompanying table 9.                                    
10. Refer to table 7 and the note on consolidation accompanying table 9.                                    
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Revalued daily at current foreign currency exchange rates.                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, June 25, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,893          33          82          120         118         318         220         276          23          47         152         180         325
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,295,834      86,892   2,636,507      102,909      93,787     240,082     237,480     175,579      53,016      26,378      56,591     130,896     455,717
    Securities held outright (1)               4,104,528      83,027   2,519,210       98,332      89,616     229,405     226,896     167,758      50,627      25,154      54,066     125,066     435,372
      U.S. Treasury securities                 2,396,972      48,487   1,471,174       57,424      52,334     133,968     132,503      97,968      29,565      14,689      31,574      73,036     254,249
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,396,972      48,487   1,471,174       57,424      52,334     133,968     132,503      97,968      29,565      14,689      31,574      73,036     254,249
      Federal agency debt securities (2)          43,659         883      26,796        1,046         953       2,440       2,413       1,784         539         268         575       1,330       4,631
      Mortgage-backed securities (4)           1,663,897      33,658   1,021,239       39,862      36,329      92,996      91,979      68,006      20,523      10,197      21,917      50,699     176,491
    Unamortized premiums on securities held 
      outright (5)                               209,464       4,237     128,561        5,018       4,573      11,707      11,579       8,561       2,584       1,284       2,759       6,382      22,218
    Unamortized discounts on securities     
      held outright (5)                          -18,433        -373     -11,313         -442        -402      -1,030      -1,019        -753        -227        -113        -243        -562      -1,955
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            274           0          50            0           0           0          24          14          33          54           8           9          83
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,654           0       1,654            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)             90           0          90            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      66           0           0            0           0           0          65           0           0           1           0           0           0
  Bank premises                                    2,263         122         430           74         110         223         210         198         125          98         244         227         202
  Central bank liquidity swaps (11)                  124           6          40            9          10          26           7           3           1           1           1           2          18
  Foreign currency denominated assets (12)        24,010       1,092       7,724        1,805       1,909       5,006       1,380         663         202         101         253         401       3,474
  Other assets (13)                               26,093         569      15,661          628         572       1,616       1,431       1,061         374         229         366         888       2,697
  Interdistrict settlement account                     0  +   25,992  +   47,286   -    4,351  -    6,608  -   10,498  +    5,937  -   32,065  -   11,535  -    3,593  -    5,998  -    6,262  +    1,695
                                                                                                                                                                                                         
Total assets                                   4,368,348     115,252   2,715,502      101,742      90,599     238,010     248,734     146,845      42,634      23,525      52,053     127,494     465,959

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, June 25, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,452,467      45,267     503,904      43,100      64,234     105,586     212,729      92,964      36,589      21,370      37,580     116,106     173,040
    Less: Notes held by F.R. Banks               216,263       5,088      68,006       6,270       9,364      11,478      22,129      15,432       5,119       5,076       5,811      31,990      30,499
      Federal Reserve notes, net               1,236,205      40,179     435,898      36,830      54,869      94,107     190,599      77,532      31,470      16,294      31,769      84,116     142,541
  Reverse repurchase agreements (14)             222,743       4,506     136,712       5,336       4,863      12,449      12,313       9,104       2,747       1,365       2,934       6,787      23,627
  Deposits                                     2,845,413      67,781   2,121,316      55,056      26,136     119,158      41,583      58,314       7,764       5,433      16,606      35,393     290,874
    Term deposits held by depository        
        institutions                              92,690          50      80,447           5       1,740          47         205       6,180          65          42           4         205       3,700
    Other deposits held by depository       
        institutions                           2,628,060      67,728   1,916,386      55,020      24,392     118,997      41,369      52,127       7,698       5,391      16,600      35,186     287,166
    U.S. Treasury, General Account               108,064           0     108,064           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,952           2       5,925           3           3           8           2           1           0           0           0           1           6
    Other (15)                                    10,648           1      10,495          28           0         106           7           7           0           0           1           1           3
  Deferred availability cash items                   591           0           0           0           0           0         521           0           0          70           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,940          38       1,173          49          49         128         106          79          16           9          23          62         208
  Other liabilities and accrued             
     dividends (17)                                5,134         191       2,015         245         243         641         387         288         141         119         135         210         517
                                                                                                                                                                                                        
Total liabilities                              4,312,026     112,694   2,697,114      97,516      86,160     226,483     245,510     145,318      42,138      23,290      51,467     126,568     457,767
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,161       1,279       9,194       2,113       2,219       5,763       1,612         764         248         117         293         463       4,096
  Surplus                                         28,161       1,279       9,194       2,113       2,219       5,763       1,612         764         248         117         293         463       4,096
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,368,348     115,252   2,715,502     101,742      90,599     238,010     248,734     146,845      42,634      23,525      52,053     127,494     465,959

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, June 25, 2014 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Refer to table 5 and the note on consolidation below.                                                                                                                                                   
9.  Refer to table 6 and the note on consolidation below.                                                                                                                                                   
10. Refer to table 7 and the note on consolidation below.                                                                                                                                                   
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
12. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have         
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.                                                                        


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.                                        

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 25, 2014  

Federal Reserve notes outstanding                                                            1,452,467  
  Less: Notes held by F.R. Banks not subject to collateralization                              216,263  
    Federal Reserve notes to be collateralized                                               1,236,205  
Collateral held against Federal Reserve notes                                                1,236,205  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,219,968  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,104,528  
  Less: Face value of securities under reverse repurchase agreements                           216,732  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,887,796  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.