---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 17, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 16, 2014 
Federal Reserve Banks                                     Jul 16, 2014  Jul 9, 2014 Jul 17, 2013              

Reserve Bank credit                                         4,348,912   +   12,270   +  871,331    4,355,476  
  Securities held outright (1)                              4,123,128   +    9,985   +  878,115    4,129,965  
    U.S. Treasury securities                                2,409,410   +    3,827   +  450,723    2,410,339  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,296,168   +    3,219   +  434,508    2,296,978  
      Notes and bonds, inflation-indexed (2)                   97,248   +      477   +   13,039       97,327  
      Inflation compensation (3)                               15,994   +      131   +    3,175       16,034  
    Federal agency debt securities (2)                         43,371   -      288   -   23,604       42,650  
    Mortgage-backed securities (4)                          1,670,348   +    6,447   +  450,998    1,676,976  
  Unamortized premiums on securities held outright (5)        209,297   +      192   +    5,056      209,521  
  Unamortized discounts on securities held outright (5)       -18,538   -       24   -   15,789      -18,560  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           219   +       21   -      146          237  
    Primary credit                                                  4   +        3   -        9           11  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               165   +       18   +       55          176  
    Term Asset-Backed Securities Loan Facility (7)                 49            0   -      193           49  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,656   +        1   +      241        1,662  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   -        1           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                          60   -       17   -      208           60  
  Float                                                          -605   +      133   +      174         -613  
  Central bank liquidity swaps (12)                               124            0   -    1,355          124  
  Other Federal Reserve assets (13)                            33,486   +    1,978   +    5,243       32,996  
Foreign currency denominated assets (14)                       23,987   +       22   +      469       23,902  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,968   +       14   +      780       45,968  
                                                                                                              
Total factors supplying reserve funds                       4,435,108   +   12,306   +  872,580    4,441,588  

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





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 16, 2014 
Federal Reserve Banks                                     Jul 16, 2014  Jul 9, 2014 Jul 17, 2013              

Currency in circulation (15)                                 1,285,435   -    3,263   +   89,017    1,285,225 
Reverse repurchase agreements (16)                             214,108   -   30,469   +  121,683      209,476 
  Foreign official and international accounts                  102,932   -    3,290   +   10,507      103,635 
  Others                                                       111,176   -   27,179   +  111,176      105,841 
Treasury cash holdings                                             142   -        6   +       23          138 
Deposits with F.R. Banks, other than reserve balances          231,340   +   28,784   +  113,525      229,954 
  Term deposits held by depository institutions                152,795   +   27,908   +  152,795      152,795 
  U.S. Treasury, General Account                                59,384   -    4,442   -   10,774       63,737 
  Foreign official                                               6,191   +      323   -    3,753        6,566 
  Other (17)                                                    12,970   +    4,995   -   24,744        6,856 
Other liabilities and capital (18)                              64,397   +      406   +      936       62,577 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,795,423   -    4,547   +  325,184    1,787,370 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,639,685   +   16,853   +  547,396    2,654,218 

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


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


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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jul 16, 2014 
                                                          Jul 16, 2014  Jul 9, 2014 Jul 17, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,311,816   +    2,722   +   33,533    3,313,307 
  Marketable U.S. Treasury securities (1)                    2,978,545   +    3,403   +   36,532    2,981,074 
  Federal agency debt and mortgage-backed securities (2)       291,020   -      859   -    7,641      289,641 
  Other securities (3)                                          42,250   +      178   +    4,641       42,593 
Securities lent to dealers                                      11,936   -    1,867   +    1,330       12,635 
  Overnight facility (4)                                        11,936   -    1,867   +    1,330       12,635 
    U.S. Treasury securities                                    10,872   -    1,801   +    1,041       11,476 
    Federal agency debt securities                               1,063   -       67   +      288        1,159 

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, July 16, 2014       

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       84           138            14             0             0           ...           237 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                      40             7         1,995       950,471       810,990       646,836     2,410,339 
  Weekly changes                        +       40    -       40             0    +      609    -      575    +    1,799    +    1,833 
Federal agency debt securities (3)                                                                                                     
  Holdings                                     523         2,121         4,111        33,548             0         2,347        42,650 
  Weekly changes                        -      486    -      523             0             0             0             0    -    1,009 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0            10         3,902     1,673,064     1,676,976 
  Weekly changes                                 0             0             0             0    -       22    +   13,097    +   13,075 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)               124             0             0             0             0             0           124 
                                                                                                                                       
Reverse repurchase agreements (6)          209,476             0           ...           ...           ...           ...       209,476 
Term deposits                              152,795             0             0           ...           ...           ...       152,795 

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


1.  Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden         
    Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
    statement of condition consistent with consolidation under generally accepted accounting principles.
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 16, 2014  

Mortgage-backed securities held outright (1)                                                                             1,676,976  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           55,696  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   52  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8       
    and table 9.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 16, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,662  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

                                              

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 16, 2014  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The deferred payment represents the portion of the proceeds of the net portfolio            
    holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
    agreement. The fair value of this payment and accrued interest payable are included in other        
    liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.


Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 16, 2014  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                      0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of March 31, 2014. Any assets purchased after this     
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

               

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 16, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          60  
Net portfolio holdings of TALF LLC                                                                                              60  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                            0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.                                     

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 16, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jul 9, 2014 Jul 17, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,896   +       18   -       82  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,321,163   +   14,276   +  856,475  
    Securities held outright (1)                                          4,129,965   +   13,899   +  867,235  
      U.S. Treasury securities                                            2,410,339   +    1,833   +  448,668  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,296,978   +    1,133   +  432,573  
        Notes and bonds, inflation-indexed (2)                               97,327   +      556   +   12,921  
        Inflation compensation (3)                                           16,034   +      144   +    3,174  
      Federal agency debt securities (2)                                     42,650   -    1,009   -   23,871  
      Mortgage-backed securities (4)                                      1,676,976   +   13,075   +  442,439  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,521   +      363   +    5,013  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,560   -       16   -   15,647  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       237   +       31   -      128  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,662   +        7   +      248  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   -        1  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                        60            0   -      208  
  Items in process of collection                                   (0)           75   -       23   -       35  
  Bank premises                                                               2,262   +        1   -       32  
  Central bank liquidity swaps (11)                                             124            0   -    1,355  
  Foreign currency denominated assets (12)                                   23,902   -      107   +      378  
  Other assets (13)                                                          30,735   +      627   +    4,952  
                                                                                                               
Total assets                                                       (0)    4,398,201   +   14,800   +  860,340  

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





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 16, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jul 9, 2014 Jul 17, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,241,287   -    2,918   +   88,696 
  Reverse repurchase agreements (14)                                         209,476   -   38,776   +  120,957 
  Deposits                                                          (0)    2,884,172   +   56,984   +  651,563 
    Term deposits held by depository institutions                            152,795   +   27,908   +  152,795 
    Other deposits held by depository institutions                         2,654,218   +   21,165   +  513,781 
    U.S. Treasury, General Account                                            63,737   +    7,234   -    3,428 
    Foreign official                                                           6,566   +      700   -    3,378 
    Other (15)                                                      (0)        6,856   -       22   -    8,208 
  Deferred availability cash items                                  (0)          689   -       60   -      154 
  Other liabilities and accrued dividends (16)                                 6,256   -      433   -    2,013 
                                                                                                               
Total liabilities                                                   (0)    4,341,880   +   14,797   +  859,050 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,161   +        2   +      645 
  Surplus                                                                     28,161   +        2   +      645 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,321   +        2   +    1,290 

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


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

 



9. Statement of Condition of Each Federal Reserve Bank, July 16, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,896          34          82          118         121         314         223         277          24          48         150         180         325
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,321,163      87,405   2,652,078      103,516      94,341     241,500     238,891     176,630      53,331      26,553      56,920     131,668     458,330
    Securities held outright (1)               4,129,965      83,542   2,534,822       98,941      90,171     230,827     228,302     168,797      50,940      25,310      54,401     125,841     438,070
      U.S. Treasury securities                 2,410,339      48,757   1,479,378       57,744      52,626     134,715     133,242      98,514      29,730      14,771      31,750      73,444     255,667
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,410,339      48,757   1,479,378       57,744      52,626     134,715     133,242      98,514      29,730      14,771      31,750      73,444     255,667
      Federal agency debt securities (2)          42,650         863      26,177        1,022         931       2,384       2,358       1,743         526         261         562       1,300       4,524
      Mortgage-backed securities (4)           1,676,976      33,922   1,029,267       40,175      36,614      93,727      92,702      68,540      20,684      10,277      22,090      51,098     177,879
    Unamortized premiums on securities held 
      outright (5)                               209,521       4,238     128,597        5,019       4,575      11,710      11,582       8,563       2,584       1,284       2,760       6,384      22,224
    Unamortized discounts on securities     
      held outright (5)                          -18,560        -375     -11,392         -445        -405      -1,037      -1,026        -759        -229        -114        -244        -566      -1,969
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            237           0          51            0           0           0          32          28          35          73           3           8           5
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,662           0       1,662            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)             60           0          60            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      75           0           0            0           0           0          75           0           0           0           0           0           0
  Bank premises                                    2,262         121         432           74         110         224         209         199         124          98         244         226         201
  Central bank liquidity swaps (11)                  124           6          40            9          10          26           7           3           1           1           1           2          18
  Foreign currency denominated assets (12)        23,902       1,087       7,689        1,797       1,901       4,984       1,374         660         201         101         252         400       3,458
  Other assets (13)                               30,735         664      18,509          743         674       1,895       1,683       1,242         441         255         429       1,011       3,190
  Interdistrict settlement account                     0  +   27,715  -    1,335   +    6,094  +    1,849  -   19,391  +    5,066  -   20,185  -   11,462  -    4,135  -    4,977  -    5,431  +   26,193
                                                                                                                                                                                                         
Total assets                                   4,398,201     117,581   2,685,244      112,899      99,707     230,786     249,531     159,957      43,088      23,184      53,463     129,218     493,545

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





9. Statement of Condition of Each Federal Reserve Bank, July 16, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,452,235      45,153     499,438      42,886      65,627     105,865     212,909      93,922      37,526      21,044      37,472     115,900     174,492
    Less: Notes held by F.R. Banks               210,948       4,984      67,021       6,332       9,042      11,463      21,202      14,925       5,098       4,870       5,379      31,134      29,498
      Federal Reserve notes, net               1,241,287      40,169     432,417      36,554      56,585      94,403     191,707      78,997      32,428      16,174      32,092      84,766     144,994
  Reverse repurchase agreements (14)             209,476       4,237     128,569       5,018       4,574      11,708      11,580       8,562       2,584       1,284       2,759       6,383      22,219
  Deposits                                     2,884,172      70,427   2,102,896      66,872      33,893     112,575      41,969      70,530       7,422       5,291      17,882      36,874     317,541
    Term deposits held by depository        
        institutions                             152,795         130     129,180       1,995       2,670         335       1,035      10,620         370          65         495         905       4,995
    Other deposits held by depository       
        institutions                           2,654,218      70,290   1,896,714      64,844      31,220     112,162      40,923      59,901       7,051       5,226      17,386      35,963     312,537
    U.S. Treasury, General Account                63,737           0      63,737           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,566           2       6,539           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     6,856           5       6,725          30           0          69           9           8           0           0           1           5           3
  Deferred availability cash items                   689           0           0           0           0           0         611           0           0          78           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,933          30       1,235          38          35          86         114          78          24          10          25          61         196
  Other liabilities and accrued             
     dividends (17)                                4,323         159       1,744         190         182         488         338         263         135         112         118         195         398
                                                                                                                                                                                                        
Total liabilities                              4,341,880     115,022   2,666,861     108,673      95,268     219,259     246,320     158,431      42,592      22,949      52,877     128,280     485,347
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,161       1,279       9,191       2,113       2,219       5,763       1,605         763         248         117         293         469       4,099
  Surplus                                         28,161       1,279       9,191       2,113       2,219       5,763       1,605         763         248         117         293         469       4,099
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,398,201     117,581   2,685,244     112,899      99,707     230,786     249,531     159,957      43,088      23,184      53,463     129,218     493,545

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





9. Statement of Condition of Each Federal Reserve Bank, July 16, 2014 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Refer to table 5 and the note on consolidation below.                                                                                                                                                   
9.  Refer to table 6 and the note on consolidation below.                                                                                                                                                   
10. Refer to table 7 and the note on consolidation below.                                                                                                                                                   
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
12. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have         
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.                                                                        


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.                                        

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jul 16, 2014  

Federal Reserve notes outstanding                                                            1,452,235  
  Less: Notes held by F.R. Banks not subject to collateralization                              210,948  
    Federal Reserve notes to be collateralized                                               1,241,287  
Collateral held against Federal Reserve notes                                                1,241,287  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,225,050  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,129,965  
  Less: Face value of securities under reverse repurchase agreements                           193,028  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,936,937  

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: July 17, 2014