FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 19, 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 18, 2014 
Federal Reserve Banks                                     Jun 18, 2014 Jun 11, 2014 Jun 19, 2013              

Reserve Bank credit                                         4,322,422   +   28,764   +  904,046    4,325,414  
  Securities held outright (1)                              4,100,489   +   26,286   +  910,418    4,103,522  
    U.S. Treasury securities                                2,388,517   +    6,385   +  476,302    2,391,477  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,276,268   +    5,586   +  459,700    2,279,078  
      Notes and bonds, inflation-indexed (2)                   96,671   +      603   +   13,645       96,771  
      Inflation compensation (3)                               15,578   +      196   +    2,957       15,628  
    Federal agency debt securities (2)                         44,022   -       60   -   26,669       43,659  
    Mortgage-backed securities (4)                          1,667,951   +   19,962   +  460,786    1,668,386  
  Unamortized premiums on securities held outright (5)        209,832   +      648   +    6,901      209,801  
  Unamortized discounts on securities held outright (5)       -18,311   -       80   -   16,216      -18,343  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           167   -        2   -      191          168  
    Primary credit                                                 18   +        9   -        7            9  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               100   +       19   +       37          110  
    Term Asset-Backed Securities Loan Facility (7)                 50   -       29   -      219           50  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,654            0   +      230        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                                                          -616   -       17   +      130         -621  
  Central bank liquidity swaps (12)                               176   +        2   -    1,596          176  
  Other Federal Reserve assets (13)                            28,857   +    1,928   +    4,563       28,883  
Foreign currency denominated assets (14)                       23,882   -       25   -      411       23,894  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,912   +       14   +      796       45,912  
                                                                                                              
Total factors supplying reserve funds                       4,408,457   +   28,753   +  904,432    4,411,462  

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 18, 2014 
Federal Reserve Banks                                     Jun 18, 2014 Jun 11, 2014 Jun 19, 2013              

Currency in circulation (15)                                 1,278,848   -      750   +   90,351    1,279,629 
Reverse repurchase agreements (16)                             176,156   -   30,762   +   85,024      191,425 
  Foreign official and international accounts                  104,406   +    2,045   +   13,274      103,037 
  Others                                                        71,750   -   32,807   +   71,750       88,388 
Treasury cash holdings                                             178   -       10   +       53          164 
Deposits with F.R. Banks, other than reserve balances          184,260   +   65,430   +   19,897      239,323 
  Term deposits held by depository institutions                 77,769   +   18,667   +   67,273       77,769 
  U.S. Treasury, General Account                                84,475   +   37,554   +    5,346      147,619 
  Foreign official                                               5,951   -      264   -    3,724        5,951 
  Other (17)                                                    16,064   +    9,472   -   48,999        7,984 
Other liabilities and capital (18)                              65,090   +      430   -      502       63,337 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,704,532   +   34,338   +  194,822    1,773,877 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,703,925   -    5,585   +  709,610    2,637,585 

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 18, 2014 
                                                          Jun 18, 2014 Jun 11, 2014 Jun 19, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,306,417   -    1,641   +    4,015    3,313,624 
  Marketable U.S. Treasury securities (1)                    2,972,216   -      136   +    8,460    2,980,503 
  Federal agency debt and mortgage-backed securities (2)       292,645   -    1,595   -    7,746      291,615 
  Other securities (3)                                          41,556   +       89   +    3,300       41,507 
Securities lent to dealers                                      12,690   +      436   -    1,899       13,565 
  Overnight facility (4)                                        12,690   +      436   -    1,899       13,565 
    U.S. Treasury securities                                    11,651   +      203   -    1,979       12,541 
    Federal agency debt securities                               1,040   +      233   +       81        1,024 

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 18, 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)                                      103            31            34             0             0           ...           168 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1            46         1,995       931,877       816,861       640,697     2,391,477 
  Weekly changes                        +        1    -        1    +        1    +    2,709    +       12    +    2,955    +    5,676 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         3,653         4,111        33,548             0         2,347        43,659 
  Weekly changes                        -      423    +    1,556    -    1,556             0             0             0    -      423 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         3,783     1,664,593     1,668,386 
  Weekly changes                                 0             0             0    +        1    +       87    +   20,295    +   20,383 
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)                52           124             0             0             0             0           176 
                                                                                                                                       
Reverse repurchase agreements (6)          191,425             0           ...           ...           ...           ...       191,425 
Term deposits                               77,769             0             0           ...           ...           ...        77,769 

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 18, 2014  

Mortgage-backed securities held outright (1)                                                                             1,668,386  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           51,480  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   63  



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 18, 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 18, 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 18, 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 18, 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 18, 2014   Wednesday    Wednesday  
                                                        consolidation                Jun 11, 2014 Jun 19, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,896   +       16   -       89  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,295,147   +   26,246   +  895,245  
    Securities held outright (1)                                          4,103,522   +   25,636   +  905,178  
      U.S. Treasury securities                                            2,391,477   +    5,676   +  472,771  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,279,078   +    4,758   +  456,011  
        Notes and bonds, inflation-indexed (2)                               96,771   +      703   +   13,745  
        Inflation compensation (3)                                           15,628   +      214   +    3,016  
      Federal agency debt securities (2)                                     43,659   -      423   -   26,999  
      Mortgage-backed securities (4)                                      1,668,386   +   20,383   +  459,405  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,801   +      700   +    6,483  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,343   -       74   -   16,220  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       168   -       15   -      196  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,654            0   +      235  
  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)          106   +       22   -        9  
  Bank premises                                                               2,263   +        1   -       36  
  Central bank liquidity swaps (11)                                             176   +        2   -    1,596  
  Foreign currency denominated assets (12)                                   23,894   +       20   -      398  
  Other assets (13)                                                          26,621   +      958   +    4,479  
                                                                                                               
Total assets                                                       (0)    4,368,168   +   27,264   +  897,638  

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 18, 2014   Wednesday    Wednesday  
                                                        consolidation                Jun 11, 2014 Jun 19, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,235,772   -      289   +   88,895 
  Reverse repurchase agreements (14)                                         191,425   -   21,711   +  103,058 
  Deposits                                                          (0)    2,876,908   +   49,690   +  706,617 
    Term deposits held by depository institutions                             77,769   +   18,667   +   67,273 
    Other deposits held by depository institutions                         2,637,585   -   71,657   +  709,187 
    U.S. Treasury, General Account                                           147,619   +  105,199   +   30,332 
    Foreign official                                                           5,951   +        5   -    4,139 
    Other (15)                                                      (0)        7,984   -    2,524   -   96,036 
  Deferred availability cash items                                  (0)          727   +       29   -      154 
  Other liabilities and accrued dividends (16)                                 7,024   -      457   -    2,114 
                                                                                                               
Total liabilities                                                   (0)    4,311,856   +   27,263   +  896,302 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,156   +        1   +      668 
  Surplus                                                                     28,156   +        1   +      668 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,312   +        2   +    1,336 

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


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 9.                                    
8.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 6 and the note on consolidation accompanying table 9.                                    
10. Refer to table 7 and the note on consolidation accompanying table 9.                                    
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Revalued daily at current foreign currency exchange rates.                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, June 18, 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                                             1,896          33          83          120         119         319         223         276          23          47         151         179         322
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,295,147      86,880   2,636,153      102,895      93,774     240,049     237,440     175,554      52,997      26,363      56,583     130,876     455,582
    Securities held outright (1)               4,103,522      83,007   2,518,592       98,308      89,594     229,349     226,840     167,717      50,614      25,148      54,053     125,035     435,265
      U.S. Treasury securities                 2,391,477      48,375   1,467,801       57,293      52,214     133,661     132,199      97,743      29,497      14,656      31,501      72,869     253,666
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,391,477      48,375   1,467,801       57,293      52,214     133,661     132,199      97,743      29,497      14,656      31,501      72,869     253,666
      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)           1,668,386      33,749   1,023,995       39,969      36,427      93,247      92,227      68,189      20,578      10,224      21,977      50,836     176,967
    Unamortized premiums on securities held 
      outright (5)                               209,801       4,244     128,768        5,026       4,581      11,726      11,598       8,575       2,588       1,286       2,764       6,393      22,254
    Unamortized discounts on securities     
      held outright (5)                          -18,343        -371     -11,259         -439        -401      -1,025      -1,014        -750        -226        -112        -242        -559      -1,946
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            168           0          52            0           0           0          16          13          22          42           8           7          10
  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                     106           0           0            0           0           0         105           0           0           0           0           0           0
  Bank premises                                    2,263         122         430           74         110         225         210         199         125          98         244         227         202
  Central bank liquidity swaps (11)                  176           8          57           13          14          37          10           5           1           1           2           3          25
  Foreign currency denominated assets (12)        23,894       1,087       7,686        1,796       1,900       4,982       1,374         660         201         101         251         399       3,457
  Other assets (13)                               26,621         575      16,018          641         583       1,652       1,457       1,077         380         231         372         877       2,759
  Interdistrict settlement account                     0  +   19,677  +   65,943   -    1,356  -    9,551  -   16,842  +    3,510  -   27,710  -   11,964  -    3,894  -    6,926  -    7,078  -    3,810
                                                                                                                                                                                                         
Total assets                                   4,368,168     108,929   2,734,140      104,730      87,651     231,658     246,332     151,190      42,191      23,210      51,122     126,645     460,369

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 18, 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            1,454,323      45,259     505,550      43,176      64,008     105,294     212,906      93,015      36,669      21,634      37,648     116,290     172,874
    Less: Notes held by F.R. Banks               218,552       4,905      68,609       6,286       9,647      11,512      22,420      15,508       5,237       5,332       6,156      32,240      30,700
      Federal Reserve notes, net               1,235,772      40,354     436,941      36,889      54,361      93,782     190,485      77,507      31,433      16,302      31,492      84,050     142,174
  Reverse repurchase agreements (14)             191,425       3,872     117,490       4,586       4,179      10,699      10,582       7,824       2,361       1,173       2,522       5,833      20,305
  Deposits                                     2,876,908      61,922   2,158,153      58,742      24,385     114,922      40,976      63,962       7,737       5,216      16,362      35,560     288,969
    Term deposits held by depository        
        institutions                              77,769           0      69,072           0          25          20         375       5,130          65          43           4         200       2,835
    Other deposits held by depository       
        institutions                           2,637,585      61,920   1,927,719      58,703      24,357     114,782      40,591      58,825       7,671       5,173      16,357      35,359     286,128
    U.S. Treasury, General Account               147,619           0     147,619           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,951           2       5,923           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     7,984           1       7,819          36           0         112           7           7           0           0           1           1           1
  Deferred availability cash items                   727           0           0           0           0           0         573           0           0         155           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         2,064          36       1,279          45          46         113         118          82          25          11          26          64         219
  Other liabilities and accrued             
     dividends (17)                                4,960         186       1,891         242         240         616         384         287         141         118         135         210         511
                                                                                                                                                                                                        
Total liabilities                              4,311,856     106,371   2,715,753     100,504      83,212     220,131     243,117     149,663      41,696      22,976      50,536     125,717     452,178
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,156       1,279       9,194       2,113       2,219       5,763       1,607         763         248         117         293         464       4,095
  Surplus                                         28,156       1,279       9,194       2,113       2,219       5,763       1,607         763         248         117         293         464       4,095
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,368,168     108,929   2,734,140     104,730      87,651     231,658     246,332     151,190      42,191      23,210      51,122     126,645     460,369

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 18, 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 18, 2014  

Federal Reserve notes outstanding                                                            1,454,323  
  Less: Notes held by F.R. Banks not subject to collateralization                              218,552  
    Federal Reserve notes to be collateralized                                               1,235,772  
Collateral held against Federal Reserve notes                                                1,235,772  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,219,535  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,103,522  
  Less: Face value of securities under reverse repurchase agreements                           188,332  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,915,190  

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.