---

`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                                                   March 20, 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  Mar 19, 2014 
Federal Reserve Banks                                     Mar 19, 2014 Mar 12, 2014 Mar 20, 2013              

Reserve Bank credit                                         4,173,637   +   39,094   +1,032,582    4,178,850  
  Securities held outright (1)                              3,950,756   +   36,247   +1,028,750    3,956,122  
    U.S. Treasury securities                                2,301,762   +    8,787   +  524,318    2,305,795  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,193,425   +    7,521   +  505,640    2,197,425  
      Notes and bonds, inflation-indexed (2)                   94,565   +      957   +   15,686       94,565  
      Inflation compensation (3)                               13,771   +      309   +    2,991       13,805  
    Federal agency debt securities (2)                         47,343   -    4,068   -   25,539       47,343  
    Mortgage-backed securities (4)                          1,601,651   +   31,528   +  529,970    1,602,984  
  Unamortized premiums on securities held outright (5)        209,964   +    1,052   +   21,028      209,957  
  Unamortized discounts on securities held outright (5)       -16,328   -      215   -   14,661      -16,456  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           109   +        4   -      283          122  
    Primary credit                                                  8   +        2   +        2           20  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 6   +        1   +        6            8  
    Term Asset-Backed Securities Loan Facility (7)                 95            0   -      291           95  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,585   +        3   +      183        1,585  
  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)                         105            0   -      294          105  
  Float                                                          -614   +       61   +       67         -654  
  Central bank liquidity swaps (12)                               458   +        1   -    7,507          458  
  Other Federal Reserve assets (13)                            27,518   +    1,942   +    5,302       27,526  
Foreign currency denominated assets (14)                       24,310   +      200   +      490       24,301  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,693   +       14   +      750       45,693  
                                                                                                              
Total factors supplying reserve funds                       4,259,881   +   39,307   +1,033,822    4,265,086  

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  Mar 19, 2014 
Federal Reserve Banks                                     Mar 19, 2014 Mar 12, 2014 Mar 20, 2013              

Currency in circulation (15)                                 1,265,127   +    5,017   +   90,283    1,266,653 
Reverse repurchase agreements (16)                             158,975   -      608   +   63,312      171,880 
  Foreign official and international accounts                   96,624   -      162   +      961       95,735 
  Others                                                        62,351   -      446   +   62,351       76,145 
Treasury cash holdings                                             278   +        6   +       56          275 
Deposits with F.R. Banks, other than reserve balances          126,149   +   41,351   -    8,755      149,597 
  Term deposits held by depository institutions                 15,183   +    1,641   +   12,138       15,183 
  U.S. Treasury, General Account                                88,345   +   32,204   +   16,979      118,033 
  Foreign official                                               6,629   -      215   -    1,451        6,978 
  Other (17)                                                    15,993   +    7,723   -   36,420        9,403 
Other liabilities and capital (18)                              64,459   +      669   -    2,603       62,686 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,614,988   +   46,435   +  142,293    1,651,090 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,644,893   -    7,128   +  891,529    2,613,996 

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  Mar 19, 2014 
                                                          Mar 19, 2014 Mar 12, 2014 Mar 20, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,205,983   -   67,746   -   96,753    3,232,748 
  Marketable U.S. Treasury securities (1)                    2,859,923   -   62,076   -  107,011    2,887,627 
  Federal agency debt and mortgage-backed securities (2)       301,569   -    5,004   +    3,421      300,607 
  Other securities (3)                                          44,491   -      665   +    6,836       44,513 
Securities lent to dealers                                      13,881   +    2,209   -    2,831       14,233 
  Overnight facility (4)                                        13,881   +    2,209   -    2,831       14,233 
    U.S. Treasury securities                                    12,610   +    2,352   -    2,935       13,094 
    Federal agency debt securities                               1,271   -      142   +      104        1,139 

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, March 19, 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)                                       28             0            95             0             0           ...           122 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1            38           142       831,917       861,640       612,055     2,305,795 
  Weekly changes                        +        1    -        2    +        1    +    3,749    +    2,556    +    3,549    +    9,857 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         3,261         7,205        34,468            62         2,347        47,343 
  Weekly changes                        -    4,068             0             0             0             0             0    -    4,068 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             5         2,940     1,600,039     1,602,984 
  Weekly changes                                 0             0             0             0             0    +   32,856    +   32,855 
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)               101           357             0             0             0             0           458 
                                                                                                                                       
Reverse repurchase agreements (6)          171,880             0           ...           ...           ...           ...       171,880 
Term deposits                               15,183             0             0           ...           ...           ...        15,183 

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   
                                                                                                                      Mar 19, 2014  

Mortgage-backed securities held outright (1)                                                                             1,602,984  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           41,827  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   26  



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   
                                                                                                                      Mar 19, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,585  
                                                                                                                                    
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 December 31, 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
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 19, 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 December 31, 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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 19, 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 December 31, 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
Account name                                                                                                            Wednesday   
                                                                                                                      Mar 19, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         105  
Net portfolio holdings of TALF LLC                                                                                             105  
                                                                                                                                    
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       Mar 19, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 12, 2014 Mar 20, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,953   -       14   -      167  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,149,745   +   39,647   +1,018,129  
    Securities held outright (1)                                          3,956,122   +   38,644   +1,013,539  
      U.S. Treasury securities                                            2,305,795   +    9,857   +  521,143  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,197,425   +    8,590   +  502,453  
        Notes and bonds, inflation-indexed (2)                               94,565   +      957   +   15,686  
        Inflation compensation (3)                                           13,805   +      310   +    3,003  
      Federal agency debt securities (2)                                     47,343   -    4,068   -   25,080  
      Mortgage-backed securities (4)                                      1,602,984   +   32,855   +  517,477  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,957   +    1,160   +   19,650  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,456   -      174   -   14,790  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       122   +       18   -      270  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,585            0   +      184  
  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)                                       105            0   -      294  
  Items in process of collection                                   (0)           85   -        6   -      412  
  Bank premises                                                               2,276   +        1   -       27  
  Central bank liquidity swaps (11)                                             458   +        1   -    7,507  
  Foreign currency denominated assets (12)                                   24,301   +      115   +      555  
  Other assets (13)                                                          25,250   +      975   +    4,732  
                                                                                                               
Total assets                                                       (0)    4,222,081   +   40,720   +1,015,193  

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       Mar 19, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 12, 2014 Mar 20, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,223,183   +    4,614   +   90,627 
  Reverse repurchase agreements (14)                                         171,880   +   10,253   +   78,955 
  Deposits                                                          (0)    2,763,593   +   25,955   +  849,679 
    Term deposits held by depository institutions                             15,183   +    1,641   +   12,138 
    Other deposits held by depository institutions                         2,613,996   -   48,690   +  857,772 
    U.S. Treasury, General Account                                           118,033   +   75,236   +   46,902 
    Foreign official                                                           6,978   +      408   -    1,974 
    Other (15)                                                      (0)        9,403   -    2,640   -   65,159 
  Deferred availability cash items                                  (0)          739   -       83   -      399 
  Other liabilities and accrued dividends (16)                                 6,598   -       31   -    4,662 
                                                                                                               
Total liabilities                                                   (0)    4,165,994   +   40,709   +1,014,201 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,044   +        6   +      497 
  Surplus                                                                     28,044   +        6   +      497 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,087   +       11   +      993 

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, March 19, 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         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                                             1,953          38          95          124         127         337         221         277          22          48         153         175         336
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,149,745     108,508   2,301,242      120,232     105,977     258,028     275,654     224,239      66,770      39,382      78,507     161,140     410,066
    Securities held outright (1)               3,956,122     103,449   2,193,832      114,626     101,035     245,995     262,800     213,775      63,655      37,540      74,845     153,626     390,944
      U.S. Treasury securities                 2,305,795      60,294   1,278,658       66,809      58,888     143,376     153,171     124,597      37,101      21,880      43,623      89,540     227,859
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,305,795      60,294   1,278,658       66,809      58,888     143,376     153,171     124,597      37,101      21,880      43,623      89,540     227,859
      Federal agency debt securities (2)          47,343       1,238      26,254        1,372       1,209       2,944       3,145       2,558         762         449         896       1,838       4,678
      Mortgage-backed securities (4)           1,602,984      41,916     888,920       46,445      40,939      99,675     106,484      86,620      25,792      15,211      30,327      62,248     158,407
    Unamortized premiums on securities held 
      outright (5)                               209,957       5,490     116,430        6,083       5,362      13,055      13,947      11,345       3,378       1,992       3,972       8,153      20,748
    Unamortized discounts on securities     
      held outright (5)                          -16,456        -430      -9,126         -477        -420      -1,023      -1,093        -889        -265        -156        -311        -639      -1,626
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            122           0         106            0           0           1           0           8           1           6           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,585           0       1,585            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)            105           0         105            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      85           0           0            0           0           0          84           0           0           0           0           0           0
  Bank premises                                    2,276         123         428           72         110         227         211         201         126          99         246         230         203
  Central bank liquidity swaps (11)                  458          21         147           34          36          96          26          13           4           2           5           8          66
  Foreign currency denominated assets (12)        24,301       1,105       7,817        1,827       1,932       5,067       1,397         671         204         103         256         406       3,516
  Other assets (13)                               25,250         690      13,641          856         641       1,723       1,650       1,333         451         300         489       1,032       2,444
  Interdistrict settlement account                     0  -   23,505  +  278,433   -    4,324  -   22,729  -   30,986  -   65,215  -   75,828  -   20,610  -   16,129  -   27,918  -   27,892  +   36,704
                                                                                                                                                                                                         
Total assets                                   4,222,081      87,567   2,609,322      119,429      86,843     235,759     216,104     152,121      47,426      24,086      52,199     136,110     455,115

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, March 19, 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            1,404,030      44,385     519,241      42,577      60,654     103,005     169,102      88,210      36,422      20,703      36,933     118,639     164,158
    Less: Notes held by F.R. Banks               180,847       3,693      39,041       4,427       7,563       9,273      16,326      13,303       4,120       6,992       9,022      38,688      28,400
      Federal Reserve notes, net               1,223,183      40,692     480,201      38,150      53,091      93,732     152,776      74,907      32,302      13,712      27,912      79,951     135,758
  Reverse repurchase agreements (14)             171,880       4,494      95,314       4,980       4,390      10,688      11,418       9,288       2,766       1,631       3,252       6,675      16,985
  Deposits                                     2,763,593      39,618   2,012,577      71,804      24,695     119,203      47,573      66,002      11,704       8,282      20,285      48,273     293,576
    Term deposits held by depository        
        institutions                              15,183          10       9,550           0           0         515       1,095       1,355          15          52         141       1,200       1,250
    Other deposits held by depository       
        institutions                           2,613,996      39,606   1,868,798      71,773      24,692     118,565      46,470      64,640      11,689       8,230      20,142      47,072     292,319
    U.S. Treasury, General Account               118,033           0     118,033           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,978           2       6,951           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     9,403           1       9,244          28           0         114           6           6           0           0           1           0           1
  Deferred availability cash items                   739           0           0           0           0           0         646           0           0          93           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         2,120          58       1,154          61          61         144         148         116          32          16          35          81         214
  Other liabilities and accrued             
     dividends (17)                                4,478         171       1,721         214         202         519         359         288         139         120         125         209         413
                                                                                                                                                                                                        
Total liabilities                              4,165,994      85,034   2,590,966     115,210      82,438     224,285     212,921     150,601      46,943      23,853      51,608     135,189     446,945
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,044       1,267       9,178       2,110       2,202       5,737       1,592         760         241         116         295         460       4,085
  Surplus                                         28,044       1,267       9,178       2,110       2,202       5,737       1,592         760         241         116         295         460       4,085
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,222,081      87,567   2,609,322     119,429      86,843     235,759     216,104     152,121      47,426      24,086      52,199     136,110     455,115

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, March 19, 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   
                                                                                          Mar 19, 2014  

Federal Reserve notes outstanding                                                            1,404,030  
  Less: Notes held by F.R. Banks not subject to collateralization                              180,847  
    Federal Reserve notes to be collateralized                                               1,223,183  
Collateral held against Federal Reserve notes                                                1,223,183  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,206,946  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,956,122  
  Less: Face value of securities under reverse repurchase agreements                           167,082  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,789,040  

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: March 20, 2014