FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 7, 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

Aug 6, 2014 Jul 30, 2014 Aug 7, 2013

Wednesday

Aug 6, 2014

Reserve Bank credit 4,365,666 + 1,885 + 831,135 4,367,447

Securities held outright1 4,138,096 + 1,058 + 837,707 4,139,056

U.S. Treasury securities 2,421,605 + 2,770 + 434,701 2,422,566

Bills2 0 0 0 0

Notes and bonds, nominal2 2,308,025 + 2,697 + 418,499 2,308,968

Notes and bonds, inflation-indexed2 97,332 + 5 + 12,926 97,332

Inflation compensation3 16,249 + 69 + 3,277 16,266

Federal agency debt securities2 42,127 - 299 - 24,394 42,127

Mortgage-backed securities4 1,674,363 - 1,414 + 427,399 1,674,363

Unamortized premiums on securities held outright5 209,184 - 37 + 5,288 209,177

Unamortized discounts on securities held outright5 -18,632 - 31 - 15,367 -18,647

Repurchase agreements6 0 0 0 0

Loans 274 + 29 - 42 265

Primary credit 34 + 23 + 27 1

Secondary credit 0 0 0 0

Seasonal credit 206 + 6 + 81 231

Term Asset-Backed Securities Loan Facility7 34 0 - 151 34

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,660 + 6 + 171 1,669

Net portfolio holdings of Maiden Lane II LLC9 63 0 - 1 63

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

Net portfolio holdings of TALF LLC11 57 - 3 - 190 44

Float -610 - 52 + 71 -770

Central bank liquidity swaps12 75 0 - 1,404 75

Other Federal Reserve assets13 35,476 + 913 + 4,901 36,493

Foreign currency denominated assets14 23,708 - 55 - 139 23,657

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 46,020 + 14 + 787 46,020

Total factors supplying reserve funds 4,451,635 + 1,844 + 831,783 4,453,365

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

Aug 6, 2014 Jul 30, 2014 Aug 7, 2013

Wednesday

Aug 6, 2014

Currency in circulation15 1,286,933 + 3,129 + 88,690 1,288,418

Reverse repurchase agreements16 225,242 + 17,828 + 133,415 229,393

Foreign official and international accounts 108,726 + 838 + 17,221 105,611

Others 116,516 + 16,989 + 116,193 123,782

Treasury cash holdings 142 + 6 - 3 156

Deposits with F.R. Banks, other than reserve balances 86,795 + 784 - 7,519 83,019

Term deposits held by depository institutions 0 0 - 11,913 0

U.S. Treasury, General Account 71,513 + 9,178 + 10,668 69,324

Foreign official 6,565 - 6 - 3,846 6,565

Other17 8,718 - 8,387 - 2,426 7,130

Other liabilities and capital18 63,193 - 230 - 689 62,975

Total factors, other than reserve balances,

absorbing reserve funds 1,662,305 + 21,517 + 213,894 1,663,959

Reserve balances with Federal Reserve Banks 2,789,330 - 19,674 + 617,889 2,789,406

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Aug 6, 2014 Jul 30, 2014 Aug 7, 2013

Wednesday

Aug 6, 2014

Securities held in custody for foreign official and international

accounts 3,327,930 + 18,631 + 59,339 3,332,385

Marketable U.S. Treasury securities1 2,995,585 + 17,992 + 71,293 2,998,986

Federal agency debt and mortgage-backed securities2 289,678 + 512 - 17,364 290,656

Other securities3 42,667 + 127 + 5,410 42,742

Securities lent to dealers 11,332 + 1,579 + 2,722 10,986

Overnight facility4 11,332 + 1,579 + 2,722 10,986

U.S. Treasury securities 10,314 + 1,689 + 2,475 10,008

Federal agency debt securities 1,018 - 110 + 247 978

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, August 6, 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 44 222 0 0 0 ... 265

U.S. Treasury securities2

Holdings 2 6 1,995 968,305 800,522 651,736 2,422,566

Weekly changes - 38 - 1 0 + 32 + 21 + 2,266 + 2,281

Federal agency debt securities3

Holdings 565 1,862 4,607 32,746 0 2,347 42,127

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 10 3,886 1,670,467 1,674,363

Weekly changes 0 0 0 0 + 5 - 6 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 75 0 0 0 0 0 75

Reverse repurchase agreements6 229,393 0 ... ... ... ... 229,393

Term deposits 0 0 0 ... ... ... 0

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 Aug 6, 2014

Mortgage-backed securities held outright1 1,674,363

Commitments to buy mortgage-backed securities2 69,613

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 6

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 Aug 6, 2014

Net portfolio holdings of Maiden Lane LLC1 1,669

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 June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Aug 6, 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 June 30, 2014. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Aug 6, 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 June 30, 2014. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Aug 6, 2014

Asset-backed securities holdings1 0

Other investments, net 44

Net portfolio holdings of TALF LLC 44

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

Aug 6, 2014 Jul 30, 2014 Aug 7, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,918 + 1 - 63

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,329,852 + 2,196 + 822,101

Securities held outright1 4,139,056 + 2,280 + 832,196

U.S. Treasury securities 2,422,566 + 2,281 + 429,191

Bills2 0 0 0

Notes and bonds, nominal2 2,308,968 + 2,222 + 412,990

Notes and bonds, inflation-indexed2 97,332 + 5 + 12,926

Inflation compensation3 16,266 + 54 + 3,275

Federal agency debt securities2 42,127 0 - 24,394

Mortgage-backed securities4 1,674,363 0 + 427,399

Unamortized premiums on securities held outright5 209,177 - 63 + 5,283

Unamortized discounts on securities held outright5 -18,647 - 32 - 15,325

Repurchase agreements6 0 0 0

Loans 265 + 10 - 54

Net portfolio holdings of Maiden Lane LLC7 1,669 + 9 + 179

Net portfolio holdings of Maiden Lane II LLC8 63 0 - 1

Net portfolio holdings of Maiden Lane III LLC9 22 0 0

Net portfolio holdings of TALF LLC10 44 - 16 - 151

Items in process of collection (0) 80 + 5 - 600

Bank premises 2,257 - 15 - 32

Central bank liquidity swaps11 75 0 - 1,404

Foreign currency denominated assets12 23,657 + 25 - 416

Other assets13 34,237 + 1,269 + 5,137

Total assets (0) 4,410,111 + 3,474 + 824,752

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

Aug 6, 2014 Jul 30, 2014 Aug 7, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,244,467 + 2,493 + 87,549

Reverse repurchase agreements14 229,393 + 663 + 136,253

Deposits (0) 2,872,425 - 456 + 602,083

Term deposits held by depository institutions 0 0 - 11,913

Other deposits held by depository institutions 2,789,406 + 3,608 + 628,424

U.S. Treasury, General Account 69,324 - 799 + 6,645

Foreign official 6,565 0 - 3,846

Other15 (0) 7,130 - 3,265 - 17,227

Deferred availability cash items (0) 851 + 212 - 67

Other liabilities and accrued dividends16 6,664 + 577 - 2,351

Total liabilities (0) 4,353,800 + 3,489 + 823,467

Capital accounts

Capital paid in 28,155 - 8 + 642

Surplus 28,155 - 8 + 642

Other capital accounts 0 0 0

Total capital 56,311 - 15 + 1,285

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

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

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

central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, August 6, 2014

Millions of dollars

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

Assets

Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257

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

Coin 1,918 33 86 120 123 319 224 277 28 49 150 182 326

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,329,852 87,580 2,657,376 103,724 94,530 241,984 239,368 176,982 53,450 26,639 57,038 131,932 459,249

Securities held outright1 4,139,056 83,726 2,540,402 99,159 90,370 231,335 228,805 169,169 51,052 25,366 54,521 126,118 439,034

U.S. Treasury securities 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964

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

Notes and bonds3 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964

Federal agency debt securities2 42,127 852 25,856 1,009 920 2,355 2,329 1,722 520 258 555 1,284 4,468

Mortgage-backed securities4 1,674,363 33,869 1,027,663 40,113 36,557 93,581 92,558 68,434 20,652 10,261 22,055 51,018 177,601

Unamortized premiums on securities 

held outright5 209,177 4,231 128,385 5,011 4,567 11,691 11,563 8,549 2,580 1,282 2,755 6,374 22,188

Unamortized discounts on securities 

held outright5 -18,647 -377 -11,445 -447 -407 -1,042 -1,031 -762 -230 -114 -246 -568 -1,978

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

Loans 265 0 34 0 0 0 31 26 47 106 7 9 5

Net portfolio holdings of Maiden

Lane LLC7 1,669 0 1,669 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 44 0 44 0 0 0 0 0 0 0 0 0 0

Items in process of collection 80 0 0 0 0 0 80 0 0 0 0 0 0

Bank premises 2,257 121 431 74 109 223 209 198 124 97 244 226 201

Central bank liquidity swaps11 75 3 24 6 6 16 4 2 1 0 1 1 11

Foreign currency denominated assets12 23,657 1,076 7,610 1,779 1,881 4,933 1,360 653 199 100 249 395 3,423

Other assets13 34,237 734 20,678 825 751 2,080 1,887 1,393 495 284 477 1,073 3,559

Interdistrict settlement account 0 + 24,904 + 2,237 + 11,041 + 647 - 28,591 + 7,615 - 24,457 - 11,603 - 3,366 - 2,101 - 4,710 + 28,384

Total assets 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983

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, August 6, 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 1,449,011 44,960 496,641 43,074 65,587 104,831 213,329 92,462 37,234 21,220 37,157 116,026 176,491

Less: Notes held by F.R. Banks 204,543 5,074 65,555 6,313 8,810 11,353 20,749 13,714 5,145 4,643 5,308 29,649 28,230

Federal Reserve notes, net 1,244,467 39,886 431,086 36,761 56,777 93,478 192,580 78,748 32,089 16,577 31,849 86,377 148,261

Reverse repurchase agreements14 229,393 4,640 140,793 5,496 5,008 12,821 12,681 9,376 2,829 1,406 3,022 6,990 24,332

Deposits 2,872,425 67,727 2,102,447 71,407 32,309 103,800 43,139 66,207 7,560 5,581 20,908 35,716 315,625

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,789,406 67,720 2,019,701 71,375 32,306 103,602 43,130 66,197 7,559 5,581 20,906 35,713 315,616

U.S. Treasury, General Account 69,324 0 69,324 0 0 0 0 0 0 0 0 0 0

Foreign official 6,565 2 6,538 3 3 8 2 1 0 0 0 1 6

Other15 7,130 5 6,884 29 0 189 7 9 0 0 1 2 3

Deferred availability cash items 851 0 0 0 0 0 704 0 0 147 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury16 2,038 40 1,284 44 39 113 119 79 13 12 23 61 209

Other liabilities and accrued

dividends17 4,626 148 2,204 183 175 463 317 243 130 111 112 181 359

Total liabilities 4,353,800 112,441 2,677,815 113,890 94,309 210,675 249,538 154,652 42,622 23,834 55,914 129,324 488,785

Capital

Capital paid in 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099

Surplus 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099

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

Total liabilities and capital 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983

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, August 6, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

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

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

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Aug 6, 2014

Federal Reserve notes outstanding 1,449,011

Less: Notes held by F.R. Banks not subject to collateralization 204,543

Federal Reserve notes to be collateralized 1,244,467

Collateral held against Federal Reserve notes 1,244,467

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,228,231

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,139,056

Less: Face value of securities under reverse repurchase agreements 208,135

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,930,921

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.