FRB: H.4.1 Release--Factors Affecting Reserve Balances--May 8, 2014

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 May 8, 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 May 7, 2014
Federal Reserve Banks May 7, 2014 Apr 30, 2014 May 8, 2013

Reserve Bank credit 4,256,169 + 5,647 + 979,712 4,259,925
Securities held outright (1) 4,028,904 + 5,018 + 984,820 4,031,756
U.S. Treasury securities 2,352,064 + 6,056 + 501,579 2,354,916
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,242,080 + 5,920 + 483,955 2,244,873
Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112 95,389
Inflation compensation (3) 14,595 + 136 + 2,512 14,654
Federal agency debt securities (2) 44,965 0 - 27,088 44,965
Mortgage-backed securities (4) 1,631,875 - 1,037 + 510,329 1,631,875
Unamortized premiums on securities held outright (5) 209,545 - 311 + 12,966 209,492
Unamortized discounts on securities held outright (5) -17,754 - 103 - 16,104 -17,785
Repurchase agreements (6) 0 0 0 0
Loans 129 - 32 - 293 158
Primary credit 12 - 47 + 3 38
Secondary credit 0 0 0 0
Seasonal credit 36 + 15 + 1 40
Term Asset-Backed Securities Loan Facility (7) 81 0 - 296 81
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,654 + 59 + 225 1,654
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) 92 0 - 299 91
Float -661 - 82 + 130 -700
Central bank liquidity swaps (12) 300 0 - 6,976 300
Other Federal Reserve assets (13) 33,875 + 1,097 + 5,243 34,874
Foreign currency denominated assets (14) 24,238 + 70 + 644 24,305
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,803 + 14 + 763 45,803

Total factors supplying reserve funds 4,342,452 + 5,731 + 981,120 4,346,274

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 May 7, 2014
Federal Reserve Banks May 7, 2014 Apr 30, 2014 May 8, 2013

Currency in circulation (15) 1,273,132 + 2,518 + 89,564 1,275,047
Reverse repurchase agreements (16) 301,445 + 15,814 + 209,928 300,195
Foreign official and international accounts 112,313 + 1,642 + 20,796 106,489
Others 189,133 + 14,173 + 189,133 193,706
Treasury cash holdings 228 - 8 + 46 219
Deposits with F.R. Banks, other than reserve balances 105,858 - 1,324 - 61,231 110,238
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 91,397 + 7,271 - 52,674 96,998
Foreign official 7,783 - 3 - 2,355 7,777
Other (17) 6,678 - 8,591 - 6,203 5,463
Other liabilities and capital (18) 64,168 + 528 - 1,591 63,526

Total factors, other than reserve balances,
absorbing reserve funds 1,744,831 + 17,528 + 236,716 1,749,225

Reserve balances with Federal Reserve Banks 2,597,621 - 11,797 + 744,404 2,597,049

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 May 7, 2014
May 7, 2014 Apr 30, 2014 May 8, 2013

Securities held in custody for foreign official and
international accounts 3,284,640 + 5,443 - 12,340 3,285,640
Marketable U.S. Treasury securities (1) 2,949,247 + 5,069 + 2,463 2,950,433
Federal agency debt and mortgage-backed securities (2) 293,238 + 72 - 18,239 293,022
Other securities (3) 42,155 + 302 + 3,435 42,184
Securities lent to dealers 11,111 + 217 - 11,130 10,054
Overnight facility (4) 11,111 + 217 - 11,130 10,054
U.S. Treasury securities 10,160 + 253 - 11,185 9,130
Federal agency debt securities 951 - 36 + 55 924

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, May 7, 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) 41 53 65 0 0 ... 158
U.S. Treasury securities (2)
Holdings 0 77 553 876,141 849,559 628,585 2,354,916
Weekly changes 0 + 40 - 40 + 21 + 2,525 + 2,098 + 4,644
Federal agency debt securities (3)
Holdings 883 1,955 6,232 33,548 0 2,347 44,965
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 7 3,737 1,628,131 1,631,875
Weekly changes 0 0 0 + 1 + 335 - 336 0
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) 126 174 0 0 0 0 300

Reverse repurchase agreements (6) 300,195 0 ... ... ... ... 300,195
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
May 7, 2014

Mortgage-backed securities held outright (1) 1,631,875

Commitments to buy mortgage-backed securities (2) 60,978
Commitments to sell mortgage-backed securities (2) 2,000

Cash and cash equivalents (3) 2

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
May 7, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,654

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

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

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 7, 2014

Net portfolio holdings of Maiden Lane II LLC (1) 63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

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

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

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 7, 2014

Net portfolio holdings of Maiden Lane III LLC (1) 22

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
May 7, 2014

Asset-backed securities holdings (1) 0
Other investments, net 91
Net portfolio holdings of TALF LLC 91

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 May 7, 2014 Wednesday Wednesday
consolidation Apr 30, 2014 May 8, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,901 + 4 - 131
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,223,621 + 4,344 + 980,068
Securities held outright (1) 4,031,756 + 4,644 + 983,818
U.S. Treasury securities 2,354,916 + 4,644 + 500,582
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,244,873 + 4,484 + 482,919
Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112
Inflation compensation (3) 14,654 + 160 + 2,551
Federal agency debt securities (2) 44,965 0 - 27,088
Mortgage-backed securities (4) 1,631,875 0 + 510,323
Unamortized premiums on securities held outright
(5) 209,492 - 255 + 12,639
Unamortized discounts on securities held outright
(5) -17,785 - 82 - 16,128
Repurchase agreements (6) 0 0 0
Loans 158 + 37 - 260
Net portfolio holdings of Maiden Lane LLC (7) 1,654 0 + 224
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) 91 - 1 - 297
Items in process of collection (0) 75 - 17 - 425
Bank premises 2,266 - 8 - 30
Central bank liquidity swaps (11) 300 0 - 6,976
Foreign currency denominated assets (12) 24,305 + 80 + 633
Other assets (13) 32,607 + 2,690 + 5,462

Total assets (0) 4,303,143 + 7,094 + 978,528

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 May 7, 2014 Wednesday Wednesday
consolidation Apr 30, 2014 May 8, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,231,360 + 2,652 + 88,829
Reverse repurchase agreements (14) 300,195 - 25,303 + 211,974
Deposits (0) 2,707,287 + 29,022 + 679,574
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,597,049 + 82,611 + 727,386
U.S. Treasury, General Account 96,998 - 51,345 - 36,622
Foreign official 7,777 - 49 - 2,328
Other (15) (0) 5,463 - 2,196 - 8,862
Deferred availability cash items (0) 775 - 88 - 573
Other liabilities and accrued dividends (16) 7,309 + 721 - 2,323

Total liabilities (0) 4,246,925 + 7,003 + 977,480

Capital accounts
Capital paid in 28,109 + 45 + 524
Surplus 28,109 + 45 + 524
Other capital accounts 0 0 0

Total capital 56,217 + 90 + 1,046

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, May 7, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,901 30 87 120 121 321 231 277 20 46 149 172 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,223,621 85,433 2,592,289 101,183 92,213 236,052 233,475 172,626 52,097 25,936 55,641 128,690 447,987
Securities held outright (1) 4,031,756 81,555 2,474,545 96,589 88,027 225,338 222,873 164,783 49,729 24,708 53,108 122,849 427,652
U.S. Treasury securities 2,354,916 47,636 1,445,361 56,417 51,416 131,618 130,178 96,249 29,046 14,432 31,020 71,755 249,788
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,354,916 47,636 1,445,361 56,417 51,416 131,618 130,178 96,249 29,046 14,432 31,020 71,755 249,788
Federal agency debt securities (2) 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769
Mortgage-backed securities (4) 1,631,875 33,010 1,001,585 39,095 35,629 91,207 90,209 66,697 20,128 10,001 21,496 49,724 173,095
Unamortized premiums on securities held
outright (5) 209,492 4,238 128,579 5,019 4,574 11,709 11,581 8,562 2,584 1,284 2,759 6,383 22,221
Unamortized discounts on securities
held outright (5) -17,785 -360 -10,916 -426 -388 -994 -983 -727 -219 -109 -234 -542 -1,886
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 158 0 81 1 0 0 4 7 4 53 8 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,654 0 1,654 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) 91 0 91 0 0 0 0 0 0 0 0 0 0
Items in process of collection 75 0 0 0 0 0 74 0 0 0 0 0 0
Bank premises 2,266 122 428 73 109 225 210 199 125 98 245 230 202
Central bank liquidity swaps (11) 300 14 96 23 24 63 17 8 3 1 3 5 43
Foreign currency denominated assets (12) 24,305 1,105 7,818 1,827 1,933 5,067 1,397 671 204 103 256 406 3,517
Other assets (13) 32,607 702 19,641 788 719 1,988 1,809 1,331 478 276 456 1,023 3,396
Interdistrict settlement account 0 + 16,702 + 4,907 + 6,227 - 4,374 - 5,617 + 13,296 - 20,518 - 8,630 - 2,275 - 4,129 + 151 + 4,261

Total assets 4,303,143 104,655 2,633,041 110,787 91,445 239,336 252,512 155,726 44,725 24,449 53,064 131,840 461,562

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, May 7, 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 1,459,187 45,054 516,481 43,500 62,876 103,950 212,103 92,030 36,619 21,531 38,066 117,339 169,639
Less: Notes held by F.R. Banks 227,827 4,723 77,371 5,676 8,811 10,770 23,039 14,756 4,707 5,917 6,461 34,643 30,953
Federal Reserve notes, net 1,231,360 40,331 439,109 37,824 54,065 93,179 189,064 77,274 31,912 15,614 31,605 82,696 138,685
Reverse repurchase agreements (14) 300,195 6,072 184,249 7,192 6,554 16,778 16,595 12,269 3,703 1,840 3,954 9,147 31,842
Deposits 2,707,287 55,515 1,987,452 61,293 26,145 117,226 42,505 64,312 8,453 6,563 16,780 38,824 282,220
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 2,597,049 55,512 1,877,460 61,262 26,142 117,042 42,496 64,305 8,452 6,563 16,779 38,823 282,213
U.S. Treasury, General Account 96,998 0 96,998 0 0 0 0 0 0 0 0 0 0
Foreign official 7,777 2 7,750 3 3 8 2 1 0 0 0 1 6
Other (15) 5,463 1 5,244 27 0 175 7 6 0 0 1 1 1
Deferred availability cash items 775 0 0 0 0 0 696 0 0 79 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,256 44 1,428 55 41 102 120 95 27 12 27 65 241
Other liabilities and accrued
dividends (17) 5,053 158 2,447 204 206 532 329 249 131 109 113 182 393

Total liabilities 4,246,925 102,120 2,614,684 106,568 87,011 227,816 249,309 154,199 44,225 24,217 52,480 130,915 453,381

Capital
Capital paid in 28,109 1,268 9,178 2,110 2,217 5,760 1,602 763 250 116 292 463 4,090
Surplus 28,109 1,268 9,178 2,110 2,217 5,760 1,602 763 250 116 292 463 4,090
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,303,143 104,655 2,633,041 110,787 91,445 239,336 252,512 155,726 44,725 24,449 53,064 131,840 461,562

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, May 7, 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
May 7, 2014

Federal Reserve notes outstanding 1,459,187
Less: Notes held by F.R. Banks not subject to collateralization 227,827
Federal Reserve notes to be collateralized 1,231,360
Collateral held against Federal Reserve notes 1,231,360
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,215,123
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,031,756
Less: Face value of securities under reverse repurchase agreements 294,551
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,737,204

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