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 December 12, 2013

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

Dec 11, 2013 Dec 4, 2013 Dec 12, 2012

Wednesday

Dec 11, 2013

Reserve Bank credit 3,905,469 + 21,079 +1,073,824 3,950,970

Securities held outright1 3,682,264 + 19,280 +1,051,357 3,725,907

U.S. Treasury securities 2,178,018 + 13,266 + 516,498 2,185,719

Bills2 0 0 0 0

Notes and bonds, nominal2 2,074,152 + 13,120 + 497,053 2,080,640

Notes and bonds, inflation-indexed2 90,179 + 200 + 16,636 91,379

Inflation compensation3 13,686 - 55 + 2,808 13,700

Federal agency debt securities2 58,208 - 164 - 21,075 57,221

Mortgage-backed securities4 1,446,039 + 6,179 + 555,935 1,482,966

Unamortized premiums on securities held outright5 207,887 + 291 + 41,266 209,015

Unamortized discounts on securities held outright5 -10,735 - 483 - 9,205 -11,111

Repurchase agreements6 0 0 0 0

Loans 169 + 3 - 756 173

Primary credit 13 + 9 + 8 13

Secondary credit 0 0 0 0

Seasonal credit 58 - 5 + 37 62

Term Asset-Backed Securities Loan Facility7 98 0 - 801 98

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,520 + 3 + 86 1,520

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 109 - 1 - 747 109

Float -661 + 97 + 117 -628

Central bank liquidity swaps12 272 0 - 12,096 272

Other Federal Reserve assets13 24,559 + 1,889 + 3,800 25,628

Foreign currency denominated assets14 23,966 + 83 - 1,309 24,079

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,474 + 14 + 730 45,474

Total factors supplying reserve funds 3,991,150 + 21,176 +1,073,245 4,036,765

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

Dec 11, 2013 Dec 4, 2013 Dec 12, 2012

Wednesday

Dec 11, 2013

Currency in circulation15 1,227,537 - 467 + 72,790 1,229,746

Reverse repurchase agreements16 112,895 - 3,682 + 14,609 135,741

Foreign official and international accounts 100,398 - 2,177 + 2,434 101,280

Others 12,497 - 1,504 + 12,176 34,461

Treasury cash holdings 229 + 4 + 85 226

Deposits with F.R. Banks, other than reserve balances 62,172 - 6,852 - 13,999 62,783

Term deposits held by depository institutions 13,532 0 + 13,532 13,532

U.S. Treasury, General Account 28,992 - 8,955 - 9,988 21,490

Foreign official 8,127 - 608 + 2,172 7,971

Other 11,521 + 2,710 - 19,715 19,789

Other liabilities and capital17 64,292 + 757 - 4,048 67,548

Total factors, other than reserve balances,

absorbing reserve funds 1,467,126 - 10,239 + 69,438 1,496,044

Reserve balances with Federal Reserve Banks 2,524,024 + 31,415 +1,003,807 2,540,722

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

Dec 11, 2013 Dec 4, 2013 Dec 12, 2012

Wednesday

Dec 11, 2013

Securities held in custody for foreign official and international

accounts 3,368,015 + 6,840 + 153,094 3,378,505

Marketable U.S. Treasury securities1 3,006,880 + 7,252 + 145,632 3,019,126

Federal agency debt and mortgage-backed securities2 318,055 - 720 + 111 316,075

Other securities3 43,080 + 308 + 7,351 43,304

Securities lent to dealers 11,580 - 2,040 + 5,673 11,556

Overnight facility4 11,580 - 2,040 + 5,673 11,556

U.S. Treasury securities 10,648 - 1,859 + 5,444 10,711

Federal agency debt securities 932 - 181 + 230 845

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, December 11, 2013

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 18 56 65 34 0 ... 173

U.S. Treasury securities2

Holdings 0 298 177 748,015 864,707 572,522 2,185,719

Weekly changes 0 0 0 + 5,121 + 6,351 + 4,458 + 15,931

Federal agency debt securities3

Holdings 0 5,810 12,734 36,268 62 2,347 57,221

Weekly changes - 1,151 0 0 0 0 0 - 1,151

Mortgage-backed securities4

Holdings 0 0 0 4 2,593 1,480,369 1,482,966

Weekly changes 0 0 0 0 0 + 43,102 + 43,102

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 272 0 0 0 0 272

Reverse repurchase agreements6 135,741 0 ... ... ... ... 135,741

Term deposits 13,532 0 0 ... ... ... 13,532

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 Dec 11, 2013

Mortgage-backed securities held outright1 1,482,966

Commitments to buy mortgage-backed securities2 47,351

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 138

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 Dec 11, 2013

Net portfolio holdings of Maiden Lane LLC1 1,520

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 Dec 11, 2013

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 Dec 11, 2013

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 Dec 11, 2013

Asset-backed securities holdings1 0

Other investments, net 109

Net portfolio holdings of TALF LLC 109

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

Dec 11, 2013 Dec 4, 2013 Dec 12, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,947 + 21 - 179

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,923,984 + 58,443 +1,086,671

Securities held outright1 3,725,907 + 57,883 +1,057,016

U.S. Treasury securities 2,185,719 + 15,931 + 524,912

Bills2 0 0 0

Notes and bonds, nominal2 2,080,640 + 14,550 + 505,526

Notes and bonds, inflation-indexed2 91,379 + 1,400 + 16,639

Inflation compensation3 13,700 - 19 + 2,747

Federal agency debt securities2 57,221 - 1,151 - 22,062

Mortgage-backed securities4 1,482,966 + 43,102 + 554,165

Unamortized premiums on securities held outright5 209,015 + 1,247 + 39,892

Unamortized discounts on securities held outright5 -11,111 - 699 - 9,582

Repurchase agreements6 0 0 0

Loans 173 + 12 - 654

Net portfolio holdings of Maiden Lane LLC7 1,520 + 1 + 86

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 109 - 1 - 747

Items in process of collection (0) 94 0 - 17

Bank premises 2,284 0 - 51

Central bank liquidity swaps11 272 0 - 12,096

Foreign currency denominated assets12 24,079 + 273 - 1,190

Other assets13 23,344 + 2,591 + 4,216

Total assets (0) 3,993,955 + 61,329 +1,076,695

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

Dec 11, 2013 Dec 4, 2013 Dec 12, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,186,440 + 1,180 + 72,913

Reverse repurchase agreements14 135,741 + 26,149 + 33,297

Deposits (0) 2,603,505 + 29,095 + 978,306

Term deposits held by depository institutions 13,532 0 + 13,532

Other deposits held by depository institutions 2,540,722 + 30,096 + 992,493

U.S. Treasury, General Account 21,490 - 10,889 - 9,909

Foreign official 7,971 - 763 + 2,130

Other (0) 19,789 + 10,650 - 19,941

Deferred availability cash items (0) 721 - 117 - 449

Other liabilities and accrued dividends15 12,567 + 5,020 - 7,626

Total liabilities (0) 3,938,974 + 61,327 +1,076,440

Capital accounts

Capital paid in 27,490 0 + 127

Surplus 27,490 0 + 127

Other capital accounts 0 0 0

Total capital 54,981 + 1 + 255

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, December 11, 2013

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 1,947 35 82 125 129 334 230 282 26 46 147 177 333

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,923,984 102,604 2,176,014 113,690 100,210 243,986 260,654 212,048 63,146 37,251 74,249 152,371 387,762

Securities held outright1 3,725,907 97,429 2,066,168 107,955 95,156 231,680 247,507 201,335 59,951 35,356 70,490 144,686 368,194

U.S. Treasury securities 2,185,719 57,154 1,212,071 63,330 55,821 135,910 145,194 118,109 35,169 20,741 41,351 84,877 215,993

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

Notes and bonds3 2,185,719 57,154 1,212,071 63,330 55,821 135,910 145,194 118,109 35,169 20,741 41,351 84,877 215,993

Federal agency debt securities2 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655

Mortgage-backed securities4 1,482,966 38,778 822,366 42,968 37,873 92,212 98,511 80,134 23,861 14,072 28,056 57,587 146,547

Unamortized premiums on securities 

held outright5 209,015 5,466 115,907 6,056 5,338 12,997 13,885 11,294 3,363 1,983 3,954 8,117 20,655

Unamortized discounts on securities 

held outright5 -11,111 -291 -6,161 -322 -284 -691 -738 -600 -179 -105 -210 -431 -1,098

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

Loans 173 0 100 0 0 0 0 19 11 17 15 0 11

Net portfolio holdings of Maiden

Lane LLC7 1,520 0 1,520 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 109 0 109 0 0 0 0 0 0 0 0 0 0

Items in process of collection 94 0 0 0 0 0 93 0 0 0 0 0 0

Bank premises 2,284 122 429 72 111 228 211 202 127 100 247 231 204

Central bank liquidity swaps11 272 13 87 21 21 57 15 8 2 1 3 4 39

Foreign currency denominated assets12 24,079 1,183 7,700 1,862 1,878 5,056 1,372 687 201 101 244 382 3,415

Other assets13 23,344 644 12,515 710 603 1,625 1,571 1,259 426 282 462 960 2,287

Interdistrict settlement account 0 - 28,923 + 229,045 - 19,051 - 6,755 - 23,555 - 51,997 - 62,422 - 19,170 - 15,689 - 26,547 - 36,920 + 61,985

Total assets 3,993,955 76,265 2,433,329 98,036 96,946 228,998 214,224 153,280 45,217 22,372 49,266 118,217 457,805

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, December 11, 2013 (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 1,416,530 46,333 518,859 43,283 59,845 107,817 171,495 90,163 35,647 22,297 37,276 119,088 164,427

Less: Notes held by F.R. Banks 230,089 10,566 50,581 6,727 6,404 10,165 20,470 17,335 3,420 9,664 10,877 53,849 30,030

Federal Reserve notes, net 1,186,440 35,767 468,278 36,556 53,441 97,652 151,025 72,828 32,227 12,633 26,399 65,239 134,397

Reverse repurchase agreements14 135,741 3,549 75,274 3,933 3,467 8,440 9,017 7,335 2,184 1,288 2,568 5,271 13,414

Deposits 2,603,505 34,095 1,865,238 52,986 35,258 110,416 49,651 70,985 10,101 7,918 19,482 46,352 301,023

Term deposits held by depository

institutions 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300

Other deposits held by depository

institutions 2,540,722 34,087 1,806,034 52,963 35,255 110,155 49,139 69,856 10,090 7,817 19,387 46,244 299,695

U.S. Treasury, General Account 21,490 0 21,490 0 0 0 0 0 0 0 0 0 0

Foreign official 7,971 2 7,944 3 3 8 2 1 0 0 0 1 6

Other 19,789 1 19,480 20 0 227 10 23 1 0 4 3 22

Deferred availability cash items 721 0 0 0 0 0 613 0 0 108 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,094 61 1,099 73 67 166 139 112 32 19 37 76 214

Other liabilities and accrued

dividends16 10,472 290 5,772 352 339 852 618 502 211 173 201 366 796

Total liabilities 3,938,974 73,763 2,415,661 93,899 92,571 217,526 211,063 151,761 44,755 22,139 48,687 117,305 449,844

Capital

Capital paid in 27,490 1,251 8,834 2,068 2,188 5,736 1,580 759 231 116 290 456 3,981

Surplus 27,490 1,251 8,834 2,068 2,188 5,736 1,580 759 231 116 290 456 3,981

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

Total liabilities and capital 3,993,955 76,265 2,433,329 98,036 96,946 228,998 214,224 153,280 45,217 22,372 49,266 118,217 457,805

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, December 11, 2013 (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 Dec 11, 2013

Federal Reserve notes outstanding 1,416,530

Less: Notes held by F.R. Banks not subject to collateralization 230,089

Federal Reserve notes to be collateralized 1,186,440

Collateral held against Federal Reserve notes 1,186,440

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,170,203

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,725,907

Less: Face value of securities under reverse repurchase agreements 126,454

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,599,453

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.