FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

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

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

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

The revised data are reported at the following 

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

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

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

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks January 23, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Jan 22, 2014 Jan 15, 2014 Jan 23, 2013

Wednesday

Jan 22, 2014

Reserve Bank credit 4,045,116 + 37,733 +1,095,876 4,054,908

Securities held outright1 3,815,952 + 37,045 +1,077,874 3,825,808

U.S. Treasury securities 2,228,046 + 11,167 + 534,211 2,231,430

Bills2 0 0 0 0

Notes and bonds, nominal2 2,122,020 + 10,319 + 513,798 2,125,420

Notes and bonds, inflation-indexed2 92,615 + 883 + 17,677 92,615

Inflation compensation3 13,410 - 36 + 2,735 13,395

Federal agency debt securities2 54,911 - 639 - 20,200 54,911

Mortgage-backed securities4 1,532,995 + 26,517 + 563,863 1,539,467

Unamortized premiums on securities held outright5 209,059 + 389 + 33,757 209,225

Unamortized discounts on securities held outright5 -13,328 - 494 - 11,711 -13,521

Repurchase agreements6 0 0 - 466 0

Loans 120 + 3 - 442 121

Primary credit 6 + 3 + 1 7

Secondary credit 0 0 0 0

Seasonal credit 17 + 1 + 14 17

Term Asset-Backed Securities Loan Facility7 97 0 - 457 96

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,543 + 2 + 126 1,546

Net portfolio holdings of Maiden Lane II LLC9 63 0 + 2 63

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

Net portfolio holdings of TALF LLC11 107 0 - 749 108

Float -572 - 18 + 37 -925

Central bank liquidity swaps12 260 + 1 - 7,811 260

Other Federal Reserve assets13 31,890 + 806 + 5,260 32,201

Foreign currency denominated assets14 23,664 - 111 - 1,119 23,643

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,581 + 14 + 766 45,581

Total factors supplying reserve funds 4,130,602 + 37,635 +1,095,523 4,140,374

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jan 22, 2014 Jan 15, 2014 Jan 23, 2013

Wednesday

Jan 22, 2014

Currency in circulation15 1,226,268 - 2,932 + 70,227 1,225,996

Reverse repurchase agreements16 184,288 + 23,342 + 91,882 201,954

Foreign official and international accounts 107,714 - 1,621 + 15,308 108,243

Others 76,575 + 24,964 + 76,575 93,711

Treasury cash holdings 255 + 14 + 79 262

Deposits with F.R. Banks, other than reserve balances 133,277 + 23,289 - 576 154,667

Term deposits held by depository institutions 12,822 + 12,822 + 9,786 12,822

U.S. Treasury, General Account 77,798 - 2,224 + 5,591 96,724

Foreign official 8,050 + 3 + 773 8,060

Other 34,606 + 12,687 - 16,727 37,061

Other liabilities and capital17 63,623 - 1,086 - 2,644 62,765

Total factors, other than reserve balances,

absorbing reserve funds 1,607,712 + 42,628 + 158,969 1,645,644

Reserve balances with Federal Reserve Banks 2,522,890 - 4,993 + 936,553 2,494,730

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jan 22, 2014 Jan 15, 2014 Jan 23, 2013

Wednesday

Jan 22, 2014

Securities held in custody for foreign official and international

accounts 3,344,679 - 4,075 + 89,512 3,345,594

Marketable U.S. Treasury securities1 2,994,149 - 1,678 + 82,137 2,994,130

Federal agency debt and mortgage-backed securities2 306,519 - 2,924 - 732 307,477

Other securities3 44,010 + 526 + 8,105 43,986

Securities lent to dealers 11,225 - 1,729 + 4,607 12,072

Overnight facility4 11,225 - 1,729 + 4,607 12,072

U.S. Treasury securities 10,270 - 1,589 + 4,221 11,057

Federal agency debt securities 956 - 140 + 387 1,015

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, January 22, 2014

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 24 0 64 33 0 ... 121

U.S. Treasury securities2

Holdings 1 298 176 767,716 874,124 589,115 2,231,430

Weekly changes + 1 - 1 0 + 2,470 + 5,262 + 2,745 + 10,477

Federal agency debt securities3

Holdings 3,500 4,817 9,006 35,179 62 2,347 54,911

Weekly changes + 3,500 - 3,500 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 5 2,716 1,536,746 1,539,467

Weekly changes 0 0 0 0 + 4 + 14,259 + 14,263

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 132 128 0 0 0 0 260

Reverse repurchase agreements6 201,954 0 ... ... ... ... 201,954

Term deposits 0 12,822 0 ... ... ... 12,822

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jan 22, 2014

Mortgage-backed securities held outright1 1,539,467

Commitments to buy mortgage-backed securities2 39,706

Commitments to sell mortgage-backed securities2 29

Cash and cash equivalents3 5

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

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jan 22, 2014

Net portfolio holdings of Maiden Lane LLC1 1,546

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Jan 22, 2014

Net portfolio holdings of Maiden Lane II LLC1 63

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Jan 22, 2014

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Jan 22, 2014

Asset-backed securities holdings1 0

Other investments, net 108

Net portfolio holdings of TALF LLC 108

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jan 22, 2014 Jan 15, 2014 Jan 23, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,000 + 13 - 170

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,021,633 + 24,441 +1,090,880

Securities held outright1 3,825,808 + 24,740 +1,070,832

U.S. Treasury securities 2,231,430 + 10,477 + 534,739

Bills2 0 0 0

Notes and bonds, nominal2 2,125,420 + 10,526 + 515,601

Notes and bonds, inflation-indexed2 92,615 0 + 16,485

Inflation compensation3 13,395 - 49 + 2,653

Federal agency debt securities2 54,911 0 - 20,200

Mortgage-backed securities4 1,539,467 + 14,263 + 556,293

Unamortized premiums on securities held outright5 209,225 + 157 + 32,379

Unamortized discounts on securities held outright5 -13,521 - 462 - 11,885

Repurchase agreements6 0 0 0

Loans 121 + 6 - 446

Net portfolio holdings of Maiden Lane LLC7 1,546 + 3 + 129

Net portfolio holdings of Maiden Lane II LLC8 63 0 + 2

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 108 + 1 - 749

Items in process of collection (0) 200 + 95 - 80

Bank premises 2,286 0 - 47

Central bank liquidity swaps11 260 + 1 - 7,811

Foreign currency denominated assets12 23,643 - 57 - 1,254

Other assets13 29,917 + 1,890 + 5,317

Total assets (0) 4,097,914 + 26,386 +1,086,217

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jan 22, 2014 Jan 15, 2014 Jan 23, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,182,672 - 867 + 68,793

Reverse repurchase agreements14 201,954 + 45,688 + 112,061

Deposits (0) 2,649,398 - 19,179 + 907,521

Term deposits held by depository institutions 12,822 + 12,822 + 9,786

Other deposits held by depository institutions 2,494,731 - 65,347 + 898,407

U.S. Treasury, General Account 96,724 + 8,798 + 15,481

Foreign official 8,060 + 13 + 779

Other (0) 37,061 + 24,536 - 16,932

Deferred availability cash items (0) 1,124 + 465 - 77

Other liabilities and accrued dividends15 7,734 + 276 - 2,384

Total liabilities (0) 4,042,883 + 26,385 +1,085,916

Capital accounts

Capital paid in 27,515 0 + 150

Surplus 27,515 0 + 150

Other capital accounts 0 0 0

Total capital 55,031 + 1 + 301

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, January 22, 2014

Millions of dollars

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

Assets

Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 2,000 35 88 125 132 342 238 287 20 50 155 189 340

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,021,633 105,162 2,230,189 116,521 102,705 250,061 267,144 217,311 64,707 38,173 76,088 156,165 397,406

Securities held outright1 3,825,808 100,041 2,121,567 110,850 97,707 237,892 254,143 206,733 61,558 36,304 72,380 148,566 378,066

U.S. Treasury securities 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510

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

Notes and bonds3 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510

Federal agency debt securities2 54,911 1,436 30,450 1,591 1,402 3,414 3,648 2,967 884 521 1,039 2,132 5,426

Mortgage-backed securities4 1,539,467 40,256 853,697 44,605 39,316 95,725 102,265 83,187 24,770 14,608 29,125 59,781 152,130

Unamortized premiums on securities 

held outright5 209,225 5,471 116,024 6,062 5,343 13,010 13,899 11,306 3,366 1,985 3,958 8,125 20,676

Unamortized discounts on securities 

held outright5 -13,521 -354 -7,498 -392 -345 -841 -898 -731 -218 -128 -256 -525 -1,336

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

Loans 121 4 96 1 0 0 0 3 0 12 5 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,546 0 1,546 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 108 0 108 0 0 0 0 0 0 0 0 0 0

Items in process of collection 200 0 0 0 0 0 199 0 0 1 0 0 0

Bank premises 2,286 123 431 72 110 228 211 202 127 99 247 231 204

Central bank liquidity swaps11 260 13 83 20 20 55 15 7 2 1 3 4 37

Foreign currency denominated assets12 23,643 1,162 7,560 1,828 1,844 4,965 1,347 674 197 99 239 375 3,353

Other assets13 29,917 822 16,128 874 777 2,040 1,992 1,605 543 345 589 1,262 2,940

Interdistrict settlement account 0 - 25,275 + 328,779 - 18,991 - 20,802 - 41,204 - 67,948 - 68,096 - 21,393 - 17,286 - 28,834 - 43,663 + 24,713

Total assets 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773

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

9. Statement of Condition of Each Federal Reserve Bank, January 22, 2014 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,390,485 45,406 507,830 42,263 59,956 105,172 168,731 86,065 34,996 21,410 36,834 119,804 162,018

Less: Notes held by F.R. Banks 207,812 7,291 38,980 5,825 5,996 9,475 19,019 14,090 3,926 8,891 10,491 53,998 29,830

Federal Reserve notes, net 1,182,672 38,115 468,849 36,438 53,960 95,697 149,712 71,975 31,069 12,520 26,344 65,805 132,188

Reverse repurchase agreements14 201,954 5,281 111,992 5,851 5,158 12,558 13,416 10,913 3,250 1,916 3,821 7,842 19,957

Deposits 2,649,398 36,522 1,987,899 54,393 21,811 97,453 37,487 68,398 9,698 6,845 18,034 40,711 270,147

Term deposits held by depository

institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855

Other deposits held by depository

institutions 2,494,731 36,518 1,836,425 54,369 21,808 97,334 36,995 67,028 9,668 6,760 17,939 40,602 269,285

U.S. Treasury, General Account 96,724 0 96,724 0 0 0 0 0 0 0 0 0 0

Foreign official 8,060 2 8,033 3 3 8 2 1 0 0 0 1 6

Other 37,061 2 36,916 21 0 90 10 14 0 0 4 3 1

Deferred availability cash items 1,124 0 0 0 0 0 1,018 0 0 106 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,012 56 1,037 59 56 119 150 135 45 35 39 104 176

Other liabilities and accrued

dividends16 5,723 153 3,273 179 175 454 327 265 131 107 125 194 340

Total liabilities 4,042,883 80,126 2,573,050 96,920 81,160 206,281 202,110 151,687 44,193 21,529 48,362 114,657 422,808

Capital

Capital paid in 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982

Surplus 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982

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

Total liabilities and capital 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773

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

9. Statement of Condition of Each Federal Reserve Bank, January 22, 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. 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.

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 below.

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jan 22, 2014

Federal Reserve notes outstanding 1,390,485

Less: Notes held by F.R. Banks not subject to collateralization 207,812

Federal Reserve notes to be collateralized 1,182,672

Collateral held against Federal Reserve notes 1,182,672

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,166,436

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,825,808

Less: Face value of securities under reverse repurchase agreements 197,007

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,628,801

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.