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 16, 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 15, 2014 Jan 8, 2014 Jan 16, 2013

Wednesday

Jan 15, 2014

Reserve Bank credit 4,007,383 + 24,698 +1,104,177 4,028,945

Securities held outright1 3,778,907 + 22,430 +1,082,325 3,801,068

U.S. Treasury securities 2,216,879 + 7,342 + 533,437 2,220,953

Bills2 0 0 0 0

Notes and bonds, nominal2 2,111,701 + 7,031 + 513,755 2,114,894

Notes and bonds, inflation-indexed2 91,732 + 353 + 16,992 92,615

Inflation compensation3 13,446 - 42 + 2,689 13,444

Federal agency debt securities2 55,550 - 1,224 - 20,469 54,911

Mortgage-backed securities4 1,506,478 + 16,312 + 569,357 1,525,204

Unamortized premiums on securities held outright5 208,670 + 327 + 36,490 209,068

Unamortized discounts on securities held outright5 -12,834 - 431 - 11,223 -13,059

Repurchase agreements6 0 0 0 0

Loans 117 - 13 - 450 115

Primary credit 3 - 9 - 6 1

Secondary credit 0 0 0 0

Seasonal credit 16 - 5 + 13 17

Term Asset-Backed Securities Loan Facility7 97 0 - 459 97

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,541 0 + 127 1,543

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 - 1 - 749 107

Float -554 + 100 + 121 -554

Central bank liquidity swaps12 259 - 2 - 7,811 259

Other Federal Reserve assets13 31,084 + 2,288 + 5,345 30,313

Foreign currency denominated assets14 23,775 + 65 - 1,084 23,700

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,558 + 14 + 759 45,558

Total factors supplying reserve funds 4,092,957 + 24,777 +1,103,852 4,114,444

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 15, 2014 Jan 8, 2014 Jan 16, 2013

Wednesday

Jan 15, 2014

Currency in circulation15 1,229,191 - 8,234 + 72,911 1,226,860

Reverse repurchase agreements16 160,946 - 13,051 + 67,917 156,266

Foreign official and international accounts 109,335 - 2,542 + 16,306 109,514

Others 51,611 - 10,509 + 51,611 46,752

Treasury cash holdings 241 + 4 + 73 254

Deposits with F.R. Banks, other than reserve balances 109,988 - 31,653 + 21,719 108,498

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 80,022 - 39,236 + 26,002 87,926

Foreign official 8,047 - 16 + 1,277 8,047

Other 21,919 + 7,599 - 5,560 12,525

Other liabilities and capital17 64,709 + 2,868 - 1,702 62,488

Total factors, other than reserve balances,

absorbing reserve funds 1,565,074 - 50,067 + 160,917 1,554,366

Reserve balances with Federal Reserve Banks 2,527,883 + 74,844 + 942,935 2,560,078

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 15, 2014 Jan 8, 2014 Jan 16, 2013

Wednesday

Jan 15, 2014

Securities held in custody for foreign official and international

accounts 3,348,754 - 3,791 + 90,158 3,350,101

Marketable U.S. Treasury securities1 2,995,827 - 1,375 + 81,533 3,000,297

Federal agency debt and mortgage-backed securities2 309,443 - 2,466 + 937 306,297

Other securities3 43,484 + 50 + 7,688 43,507

Securities lent to dealers 12,954 + 136 + 5,341 12,764

Overnight facility4 12,954 + 136 + 5,341 12,764

U.S. Treasury securities 11,859 + 139 + 4,843 11,882

Federal agency debt securities 1,096 - 2 + 499 882

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 15, 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 1 17 64 33 0 ... 115

U.S. Treasury securities2

Holdings 0 299 176 765,246 868,862 586,370 2,220,953

Weekly changes 0 + 1 0 + 1,924 + 1,358 + 4,746 + 8,029

Federal agency debt securities3

Holdings 0 8,317 9,006 35,179 62 2,347 54,911

Weekly changes - 746 + 749 + 340 - 1,089 0 0 - 746

Mortgage-backed securities4

Holdings 0 0 0 5 2,712 1,522,487 1,525,204

Weekly changes 0 0 0 0 - 14 + 35,051 + 35,037

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 131 128 0 0 0 0 259

Reverse repurchase agreements6 156,266 0 ... ... ... ... 156,266

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 Jan 15, 2014

Mortgage-backed securities held outright1 1,525,204

Commitments to buy mortgage-backed securities2 45,547

Commitments to sell mortgage-backed securities2 29

Cash and cash equivalents3 29

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 15, 2014

Net portfolio holdings of Maiden Lane LLC1 1,543

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 15, 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 15, 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 15, 2014

Asset-backed securities holdings1 0

Other investments, net 107

Net portfolio holdings of TALF LLC 107

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 15, 2014 Jan 8, 2014 Jan 16, 2013

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,987 + 18 - 165

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,997,192 + 42,716 +1,112,933

Securities held outright1 3,801,068 + 42,320 +1,089,463

U.S. Treasury securities 2,220,953 + 8,029 + 532,067

Bills2 0 0 0

Notes and bonds, nominal2 2,114,894 + 6,819 + 511,471

Notes and bonds, inflation-indexed2 92,615 + 1,236 + 17,875

Inflation compensation3 13,444 - 26 + 2,721

Federal agency debt securities2 54,911 - 746 - 20,200

Mortgage-backed securities4 1,525,204 + 35,037 + 577,596

Unamortized premiums on securities held outright5 209,068 + 819 + 35,387

Unamortized discounts on securities held outright5 -13,059 - 417 - 11,459

Repurchase agreements6 0 0 0

Loans 115 - 6 - 458

Net portfolio holdings of Maiden Lane LLC7 1,543 + 2 + 127

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 107 0 - 749

Items in process of collection (0) 105 - 27 - 68

Bank premises 2,286 0 - 46

Central bank liquidity swaps11 259 0 - 7,811

Foreign currency denominated assets12 23,700 + 59 - 1,168

Other assets13 28,027 + 576 + 4,662

Total assets (0) 4,071,528 + 43,343 +1,107,716

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 15, 2014 Jan 8, 2014 Jan 16, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,183,539 - 7,221 + 70,721

Reverse repurchase agreements14 156,266 + 5,540 + 65,622

Deposits (0) 2,668,577 + 45,600 + 974,670

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,560,078 + 69,946 + 955,792

U.S. Treasury, General Account 87,926 - 22,832 + 10,749

Foreign official 8,047 0 + 898

Other (0) 12,525 - 1,515 + 7,230

Deferred availability cash items (0) 659 - 106 - 149

Other liabilities and accrued dividends15 7,458 - 477 - 3,451

Total liabilities (0) 4,016,498 + 43,335 +1,107,411

Capital accounts

Capital paid in 27,515 + 4 + 152

Surplus 27,515 + 4 + 152

Other capital accounts 0 0 0

Total capital 55,030 + 8 + 305

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 15, 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 1,987 35 83 125 131 341 240 285 20 49 154 185 338

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,997,192 104,520 2,216,640 115,812 102,081 248,541 265,520 215,989 64,314 37,942 75,625 155,216 394,991

Securities held outright1 3,801,068 99,394 2,107,848 110,133 97,075 236,354 252,500 205,396 61,160 36,069 71,912 147,605 375,621

U.S. Treasury securities 2,220,953 58,076 1,231,609 64,350 56,721 138,101 147,535 120,012 35,736 21,075 42,018 86,245 219,474

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

Notes and bonds3 2,220,953 58,076 1,231,609 64,350 56,721 138,101 147,535 120,012 35,736 21,075 42,018 86,245 219,474

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 1,525,204 39,883 845,788 44,192 38,952 94,838 101,317 82,417 24,541 14,473 28,855 59,227 150,721

Unamortized premiums on securities 

held outright5 209,068 5,467 115,937 6,058 5,339 13,000 13,888 11,297 3,364 1,984 3,955 8,119 20,660

Unamortized discounts on securities 

held outright5 -13,059 -341 -7,242 -378 -334 -812 -868 -706 -210 -124 -247 -507 -1,291

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

Loans 115 0 97 0 0 0 0 1 0 12 5 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,543 0 1,543 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 107 0 107 0 0 0 0 0 0 0 0 0 0

Items in process of collection 105 0 0 0 0 0 104 0 0 1 0 0 0

Bank premises 2,286 123 431 72 111 228 211 202 127 99 247 231 204

Central bank liquidity swaps11 259 13 83 20 20 54 15 7 2 1 3 4 37

Foreign currency denominated assets12 23,700 1,165 7,578 1,833 1,848 4,976 1,350 676 198 99 240 376 3,361

Other assets13 28,027 770 15,104 820 729 1,925 1,866 1,505 514 327 554 1,157 2,757

Interdistrict settlement account 0 - 26,777 + 307,805 - 22,666 - 16,184 - 44,764 - 64,606 - 65,373 - 20,689 - 16,778 - 26,874 - 41,192 + 38,099

Total assets 4,071,528 80,435 2,555,203 96,623 89,485 212,570 206,775 154,507 44,945 22,020 50,410 116,987 441,568

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 15, 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 1,393,108 45,530 508,236 42,197 59,838 105,334 169,348 86,233 35,083 21,568 36,904 120,098 162,739

Less: Notes held by F.R. Banks 209,570 8,444 38,187 5,723 6,116 9,663 19,530 13,948 3,932 9,032 10,537 54,176 30,280

Federal Reserve notes, net 1,183,539 37,086 470,048 36,474 53,723 95,671 149,818 72,285 31,150 12,536 26,367 65,921 132,459

Reverse repurchase agreements14 156,266 4,086 86,656 4,528 3,991 9,717 10,381 8,444 2,514 1,483 2,956 6,068 15,442

Deposits 2,668,577 36,553 1,976,752 51,243 27,157 95,108 42,397 71,866 10,638 7,520 20,347 43,793 285,202

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 2,560,078 36,536 1,868,428 51,219 27,154 95,022 42,386 71,851 10,638 7,520 20,345 43,786 285,194

U.S. Treasury, General Account 87,926 0 87,926 0 0 0 0 0 0 0 0 0 0

Foreign official 8,047 2 8,020 3 3 8 2 1 0 0 0 1 6

Other 12,525 16 12,378 21 0 77 10 14 0 0 1 6 3

Deferred availability cash items 659 0 0 0 0 0 549 0 0 110 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,755 46 977 50 47 119 119 99 27 15 26 67 164

Other liabilities and accrued

dividends16 5,703 161 3,079 192 192 483 347 294 145 123 128 218 340

Total liabilities 4,016,498 77,932 2,537,513 92,487 85,110 201,098 203,612 152,988 44,475 21,786 49,823 116,068 433,607

Capital

Capital paid in 27,515 1,251 8,845 2,068 2,188 5,736 1,582 760 235 117 293 460 3,981

Surplus 27,515 1,251 8,845 2,068 2,188 5,736 1,582 760 235 117 293 460 3,981

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

Total liabilities and capital 4,071,528 80,435 2,555,203 96,623 89,485 212,570 206,775 154,507 44,945 22,020 50,410 116,987 441,568

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 15, 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 15, 2014

Federal Reserve notes outstanding 1,393,108

Less: Notes held by F.R. Banks not subject to collateralization 209,570

Federal Reserve notes to be collateralized 1,183,539

Collateral held against Federal Reserve notes 1,183,539

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,167,302

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,801,068

Less: Face value of securities under reverse repurchase agreements 149,075

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,651,994

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.