---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. 
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 26, 2013


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  Dec 25, 2013 
Federal Reserve Banks                                     Dec 25, 2013 Dec 18, 2013 Dec 26, 2012              

Reserve Bank credit                                         3,985,589   +   27,103   +1,107,187    3,989,373  
  Securities held outright (1)                              3,759,255   +   26,373   +1,084,395    3,762,993  
    U.S. Treasury securities                                2,204,930   +   12,670   +  548,264    2,208,829  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,099,952   +   12,733   +  528,966    2,103,872  
      Notes and bonds, inflation-indexed (2)                   91,379            0   +   16,639       91,379  
      Inflation compensation (3)                               13,599   -       63   +    2,658       13,578  
    Federal agency debt securities (2)                         57,221            0   -   19,919       57,221  
    Mortgage-backed securities (4)                          1,497,105   +   13,704   +  556,051    1,496,943  
  Unamortized premiums on securities held outright (5)        209,208   +      340   +   38,335      209,102  
  Unamortized discounts on securities held outright (5)       -12,112   -      708   -   10,550      -12,372  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           193   +       25   -      447          192  
    Primary credit                                                 27   +       21   +       10           25  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                69   +        5   +       39           70  
    Term Asset-Backed Securities Loan Facility (7)                 97   -        1   -      496           97  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,525   +        5   +       97        1,541  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   +        2           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                         109            0   -      747          109  
  Float                                                          -627   -        7   +       17       -1,052  
  Central bank liquidity swaps (12)                               273            0   -    8,616          273  
  Other Federal Reserve assets (13)                            27,679   +    1,074   +    4,702       28,503  
Foreign currency denominated assets (14)                       23,797   -      160   -    1,445       23,786  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,516   +       14   +      767       45,516  
                                                                                                              
Total factors supplying reserve funds                       4,071,143   +   26,956   +1,106,510    4,074,916  

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  Dec 25, 2013 
Federal Reserve Banks                                     Dec 25, 2013 Dec 18, 2013 Dec 26, 2012              

Currency in circulation (15)                                 1,235,884   +    6,160   +   72,341    1,238,524 
Reverse repurchase agreements (16)                             134,340   +   18,477   +   32,980      151,257 
  Foreign official and international accounts                  104,595   +    4,444   +    3,235      109,012 
  Others                                                        29,745   +   14,033   +   29,745       42,245 
Treasury cash holdings                                             230   +        3   +       82          234 
Deposits with F.R. Banks, other than reserve balances          162,479   +   49,756   +   33,547      169,603 
  Term deposits held by depository institutions                      0   -   13,532            0            0 
  U.S. Treasury, General Account                                99,122   +   28,550   +   43,559       93,893 
  Foreign official                                               7,989   +        6   +    1,826        7,980 
  Other                                                         55,368   +   34,732   -   11,838       67,731 
Other liabilities and capital (17)                              64,056   -      293   -    3,112       64,567 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,596,989   +   74,103   +  135,838    1,624,186 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,474,155   -   47,145   +  970,673    2,450,730 

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


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


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





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 25, 2013 
                                                          Dec 25, 2013 Dec 18, 2013 Dec 26, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,374,245   -    5,511   +  137,884    3,364,098 
  Marketable U.S. Treasury securities (1)                    3,017,924   -    3,099   +  130,333    3,007,980 
  Federal agency debt and mortgage-backed securities (2)       312,922   -    2,525   +      164      312,705 
  Other securities (3)                                          43,399   +      114   +    7,388       43,413 
Securities lent to dealers                                      13,097   +    1,851   +    4,426       13,112 
  Overnight facility (4)                                        13,097   +    1,851   +    4,426       13,112 
    U.S. Treasury securities                                    12,061   +    1,810   +    4,104       12,036 
    Federal agency debt securities                               1,037   +       42   +      323        1,076 

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


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 25, 2013   

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)                                       95             0            64            33             0           ...           192 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1           297           177       750,641       877,403       580,310     2,208,829 
  Weekly changes                                 0             0             0    +    2,633    +    5,797    +    3,107    +   11,537 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,564         8,314         8,666        36,268            62         2,347        57,221 
  Weekly changes                        +    1,564    -    1,564             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             5         2,581     1,494,357     1,496,943 
  Weekly changes                                 0             0             0             0             0    +   11,537    +   11,536 
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)               114           159             0             0             0             0           273 
                                                                                                                                       
Reverse repurchase agreements (6)          151,257             0           ...           ...           ...           ...       151,257 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


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






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 25, 2013  

Mortgage-backed securities held outright (1)                                                                             1,496,943  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           51,586  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   22  



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   
                                                                                                                      Dec 25, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,541  
                                                                                                                                    
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 September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


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

                                              

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 25, 2013  

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 September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The deferred payment represents the portion of the proceeds of the net portfolio            
    holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
    agreement. The fair value of this payment and accrued interest payable are included in other        
    liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.


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





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 25, 2013  

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 September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


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

               

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 25, 2013  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         109  
Net portfolio holdings of TALF LLC                                                                                             109  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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       Dec 25, 2013   Wednesday    Wednesday  
                                                        consolidation                Dec 18, 2013 Dec 26, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,963   -        1   -      151  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,959,914   +   22,643   +1,129,844  
    Securities held outright (1)                                          3,762,993   +   23,074   +1,102,722  
      U.S. Treasury securities                                            2,208,829   +   11,537   +  551,899  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,103,872   +   11,598   +  532,620  
        Notes and bonds, inflation-indexed (2)                               91,379            0   +   16,639  
        Inflation compensation (3)                                           13,578   -       61   +    2,640  
      Federal agency debt securities (2)                                     57,221            0   -   19,562  
      Mortgage-backed securities (4)                                      1,496,943   +   11,536   +  570,385  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,102   +      220   +   38,358  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,372   -      661   -   10,813  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       192   +       11   -      421  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,541   +       22   +      129  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   +        2  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                       109            0   -      747  
  Items in process of collection                                   (0)          161   +       62   +       15  
  Bank premises                                                               2,290   +        3   -       49  
  Central bank liquidity swaps (11)                                             273            0   -    8,616  
  Foreign currency denominated assets (12)                                   23,786   -      190   -    1,363  
  Other assets (13)                                                          26,216   +    1,973   +    6,211  
                                                                                                               
Total assets                                                       (0)    4,032,575   +   24,513   +1,125,275  

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       Dec 25, 2013   Wednesday    Wednesday  
                                                        consolidation                Dec 18, 2013 Dec 26, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,195,201   +    6,025   +   70,623 
  Reverse repurchase agreements (14)                                         151,257   +   39,291   +   51,404 
  Deposits                                                          (0)    2,620,337   -   22,744   +1,003,080 
    Term deposits held by depository institutions                                  0   -   13,532            0 
    Other deposits held by depository institutions                         2,450,733   -   15,199   +  918,046 
    U.S. Treasury, General Account                                            93,893   -   23,105   +   38,214 
    Foreign official                                                           7,980   +        7   +    1,817 
    Other                                                           (0)       67,731   +   29,085   +   45,002 
  Deferred availability cash items                                  (0)        1,214   +      421   +      385 
  Other liabilities and accrued dividends (15)                                 9,549   +    1,488   -      507 
                                                                                                               
Total liabilities                                                   (0)    3,977,557   +   24,480   +1,124,985 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,509   +       17   +      145 
  Surplus                                                                     27,509   +       17   +      145 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,018   +       34   +      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 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, December 25, 2013
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                                             1,963          36          82          123         131         338         238         282          19          48         152         181         333
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,959,914     103,545   2,195,925      114,730     101,127     246,232     263,045     213,993      63,721      37,597      74,930     153,766     391,304
    Securities held outright (1)               3,762,993      98,398   2,086,734      109,030      96,103     233,986     249,971     203,339      60,548      35,708      71,192     146,126     371,859
      U.S. Treasury securities                 2,208,829      57,759   1,224,886       63,999      56,411     137,347     146,730     119,357      35,541      20,960      41,789      85,774     218,276
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,208,829      57,759   1,224,886       63,999      56,411     137,347     146,730     119,357      35,541      20,960      41,789      85,774     218,276
      Federal agency debt securities (2)          57,221       1,496      31,731        1,658       1,461       3,558       3,801       3,092         921         543       1,083       2,222       5,655
      Mortgage-backed securities (4)           1,496,943      39,144     830,116       43,373      38,230      93,081      99,440      80,890      24,086      14,205      28,321      58,130     147,928
    Unamortized premiums on securities held 
      outright (5)                               209,102       5,468     115,955        6,059       5,340      13,002      13,890      11,299       3,365       1,984       3,956       8,120      20,663
    Unamortized discounts on securities     
      held outright (5)                          -12,372        -324      -6,861         -358        -316        -769        -822        -669        -199        -117        -234        -480      -1,223
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            192           2          97            0           0          13           6          24           8          23          16           0           4
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,541           0       1,541            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)            109           0         109            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     161           0           0            0           0           0         125           0           0          37           0           0           0
  Bank premises                                    2,290         122         433           72         111         228         211         203         127         100         247         232         204
  Central bank liquidity swaps (11)                  273          13          87           21          21          57          16           8           2           1           3           4          39
  Foreign currency denominated assets (12)        23,786       1,169       7,606        1,840       1,855       4,995       1,355         678         198         100         241         377       3,373
  Other assets (13)                               26,216         720      14,070          766         678       1,794       1,749       1,412         473         310         518       1,158       2,569
  Interdistrict settlement account                     0  -   18,814  +  265,034   -   24,747  -    7,667  -   31,688  -   57,481  -   62,199  -   21,448  -   16,159  -   27,412  -   38,510  +   41,091
                                                                                                                                                                                                         
Total assets                                   4,032,575      87,378   2,490,716       93,412      97,005     223,224     211,331     155,594      43,552      22,313      49,140     118,218     440,692

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, December 25, 2013 (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            1,405,929      45,899     513,620      42,738      59,318     106,097     171,075      87,737      34,949      21,932      37,242     121,099     164,223
    Less: Notes held by F.R. Banks               210,728      10,310      40,535       6,273       5,562       9,321      18,694      14,352       3,343       9,400      10,560      53,677      28,700
      Federal Reserve notes, net               1,195,201      35,589     473,085      36,465      53,756      96,776     152,381      73,385      31,606      12,532      26,682      67,421     135,522
  Reverse repurchase agreements (14)             151,257       3,955      83,878       4,383       3,863       9,405      10,048       8,173       2,434       1,435       2,862       5,874      14,947
  Deposits                                     2,620,337      45,058   1,911,049      48,098      34,695     104,734      44,172      72,019       8,851       7,683      18,827      43,639     281,512
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,450,733      45,051   1,741,659      48,074      34,691     104,609      44,160      71,995       8,851       7,683      18,825      43,636     281,498
    U.S. Treasury, General Account                93,893           0      93,893           0           0           0           0           0           0           0           0           0           0
    Foreign official                               7,980           2       7,952           3           3           8           2           1           0           0           0           1           6
    Other                                         67,731           4      67,545          21           0         117          10          23           0           0           1           2           8
  Deferred availability cash items                 1,214           0           0           0           0           0         949           0           0         265           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         3,226          76       1,881          78          62         149         224         178          52          31          62         133         299
  Other liabilities and accrued             
     dividends (16)                                6,323         198       3,127         252         255         688         394         320         147         134         129         230         450
                                                                                                                                                                                                        
Total liabilities                              3,977,557      84,876   2,473,021      89,275      92,630     211,752     208,168     154,075      43,090      22,081      48,561     117,298     432,731
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,509       1,251       8,847       2,068       2,188       5,736       1,582         760         231         116         290         460       3,981
  Surplus                                         27,509       1,251       8,847       2,068       2,188       5,736       1,582         760         231         116         290         460       3,981
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,032,575      87,378   2,490,716      93,412      97,005     223,224     211,331     155,594      43,552      22,313      49,140     118,218     440,692

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, December 25, 2013 (continued)


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


Note on consolidation:

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

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

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 25, 2013  

Federal Reserve notes outstanding                                                            1,405,929  
  Less: Notes held by F.R. Banks not subject to collateralization                              210,728  
    Federal Reserve notes to be collateralized                                               1,195,201  
Collateral held against Federal Reserve notes                                                1,195,201  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,178,964  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,762,993  
  Less: Face value of securities under reverse repurchase agreements                           144,833  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,618,160  

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

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