FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 7, 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 Aug 6, 2014 Federal Reserve Banks Aug 6, 2014 Jul 30, 2014 Aug 7, 2013 Reserve Bank credit 4,365,666 + 1,885 + 831,135 4,367,447 Securities held outright (1) 4,138,096 + 1,058 + 837,707 4,139,056 U.S. Treasury securities 2,421,605 + 2,770 + 434,701 2,422,566 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,308,025 + 2,697 + 418,499 2,308,968 Notes and bonds, inflation-indexed (2) 97,332 + 5 + 12,926 97,332 Inflation compensation (3) 16,249 + 69 + 3,277 16,266 Federal agency debt securities (2) 42,127 - 299 - 24,394 42,127 Mortgage-backed securities (4) 1,674,363 - 1,414 + 427,399 1,674,363 Unamortized premiums on securities held outright (5) 209,184 - 37 + 5,288 209,177 Unamortized discounts on securities held outright (5) -18,632 - 31 - 15,367 -18,647 Repurchase agreements (6) 0 0 0 0 Loans 274 + 29 - 42 265 Primary credit 34 + 23 + 27 1 Secondary credit 0 0 0 0 Seasonal credit 206 + 6 + 81 231 Term Asset-Backed Securities Loan Facility (7) 34 0 - 151 34 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,660 + 6 + 171 1,669 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) 57 - 3 - 190 44 Float -610 - 52 + 71 -770 Central bank liquidity swaps (12) 75 0 - 1,404 75 Other Federal Reserve assets (13) 35,476 + 913 + 4,901 36,493 Foreign currency denominated assets (14) 23,708 - 55 - 139 23,657 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 46,020 + 14 + 787 46,020 Total factors supplying reserve funds 4,451,635 + 1,844 + 831,783 4,453,365 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 Aug 6, 2014 Federal Reserve Banks Aug 6, 2014 Jul 30, 2014 Aug 7, 2013 Currency in circulation (15) 1,286,933 + 3,129 + 88,690 1,288,418 Reverse repurchase agreements (16) 225,242 + 17,828 + 133,415 229,393 Foreign official and international accounts 108,726 + 838 + 17,221 105,611 Others 116,516 + 16,989 + 116,193 123,782 Treasury cash holdings 142 + 6 - 3 156 Deposits with F.R. Banks, other than reserve balances 86,795 + 784 - 7,519 83,019 Term deposits held by depository institutions 0 0 - 11,913 0 U.S. Treasury, General Account 71,513 + 9,178 + 10,668 69,324 Foreign official 6,565 - 6 - 3,846 6,565 Other (17) 8,718 - 8,387 - 2,426 7,130 Other liabilities and capital (18) 63,193 - 230 - 689 62,975 Total factors, other than reserve balances, absorbing reserve funds 1,662,305 + 21,517 + 213,894 1,663,959 Reserve balances with Federal Reserve Banks 2,789,330 - 19,674 + 617,889 2,789,406 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 Aug 6, 2014 Aug 6, 2014 Jul 30, 2014 Aug 7, 2013 Securities held in custody for foreign official and international accounts 3,327,930 + 18,631 + 59,339 3,332,385 Marketable U.S. Treasury securities (1) 2,995,585 + 17,992 + 71,293 2,998,986 Federal agency debt and mortgage-backed securities (2) 289,678 + 512 - 17,364 290,656 Other securities (3) 42,667 + 127 + 5,410 42,742 Securities lent to dealers 11,332 + 1,579 + 2,722 10,986 Overnight facility (4) 11,332 + 1,579 + 2,722 10,986 U.S. Treasury securities 10,314 + 1,689 + 2,475 10,008 Federal agency debt securities 1,018 - 110 + 247 978 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, August 6, 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) 44 222 0 0 0 ... 265 U.S. Treasury securities (2) Holdings 2 6 1,995 968,305 800,522 651,736 2,422,566 Weekly changes - 38 - 1 0 + 32 + 21 + 2,266 + 2,281 Federal agency debt securities (3) Holdings 565 1,862 4,607 32,746 0 2,347 42,127 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 10 3,886 1,670,467 1,674,363 Weekly changes 0 0 0 0 + 5 - 6 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) 75 0 0 0 0 0 75 Reverse repurchase agreements (6) 229,393 0 ... ... ... ... 229,393 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 Aug 6, 2014 Mortgage-backed securities held outright (1) 1,674,363 Commitments to buy mortgage-backed securities (2) 69,613 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 6 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 Aug 6, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,669 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 June 30, 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 Aug 6, 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 June 30, 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 Aug 6, 2014 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Account name Wednesday Aug 6, 2014 Asset-backed securities holdings (1) 0 Other investments, net 44 Net portfolio holdings of TALF LLC 44 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 Aug 6, 2014 Wednesday Wednesday consolidation Jul 30, 2014 Aug 7, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,918 + 1 - 63 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,329,852 + 2,196 + 822,101 Securities held outright (1) 4,139,056 + 2,280 + 832,196 U.S. Treasury securities 2,422,566 + 2,281 + 429,191 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,308,968 + 2,222 + 412,990 Notes and bonds, inflation-indexed (2) 97,332 + 5 + 12,926 Inflation compensation (3) 16,266 + 54 + 3,275 Federal agency debt securities (2) 42,127 0 - 24,394 Mortgage-backed securities (4) 1,674,363 0 + 427,399 Unamortized premiums on securities held outright (5) 209,177 - 63 + 5,283 Unamortized discounts on securities held outright (5) -18,647 - 32 - 15,325 Repurchase agreements (6) 0 0 0 Loans 265 + 10 - 54 Net portfolio holdings of Maiden Lane LLC (7) 1,669 + 9 + 179 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) 44 - 16 - 151 Items in process of collection (0) 80 + 5 - 600 Bank premises 2,257 - 15 - 32 Central bank liquidity swaps (11) 75 0 - 1,404 Foreign currency denominated assets (12) 23,657 + 25 - 416 Other assets (13) 34,237 + 1,269 + 5,137 Total assets (0) 4,410,111 + 3,474 + 824,752 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 Aug 6, 2014 Wednesday Wednesday consolidation Jul 30, 2014 Aug 7, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,244,467 + 2,493 + 87,549 Reverse repurchase agreements (14) 229,393 + 663 + 136,253 Deposits (0) 2,872,425 - 456 + 602,083 Term deposits held by depository institutions 0 0 - 11,913 Other deposits held by depository institutions 2,789,406 + 3,608 + 628,424 U.S. Treasury, General Account 69,324 - 799 + 6,645 Foreign official 6,565 0 - 3,846 Other (15) (0) 7,130 - 3,265 - 17,227 Deferred availability cash items (0) 851 + 212 - 67 Other liabilities and accrued dividends (16) 6,664 + 577 - 2,351 Total liabilities (0) 4,353,800 + 3,489 + 823,467 Capital accounts Capital paid in 28,155 - 8 + 642 Surplus 28,155 - 8 + 642 Other capital accounts 0 0 0 Total capital 56,311 - 15 + 1,285 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, August 6, 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 1,918 33 86 120 123 319 224 277 28 49 150 182 326 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,329,852 87,580 2,657,376 103,724 94,530 241,984 239,368 176,982 53,450 26,639 57,038 131,932 459,249 Securities held outright (1) 4,139,056 83,726 2,540,402 99,159 90,370 231,335 228,805 169,169 51,052 25,366 54,521 126,118 439,034 U.S. Treasury securities 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964 Federal agency debt securities (2) 42,127 852 25,856 1,009 920 2,355 2,329 1,722 520 258 555 1,284 4,468 Mortgage-backed securities (4) 1,674,363 33,869 1,027,663 40,113 36,557 93,581 92,558 68,434 20,652 10,261 22,055 51,018 177,601 Unamortized premiums on securities held outright (5) 209,177 4,231 128,385 5,011 4,567 11,691 11,563 8,549 2,580 1,282 2,755 6,374 22,188 Unamortized discounts on securities held outright (5) -18,647 -377 -11,445 -447 -407 -1,042 -1,031 -762 -230 -114 -246 -568 -1,978 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 265 0 34 0 0 0 31 26 47 106 7 9 5 Net portfolio holdings of Maiden Lane LLC (7) 1,669 0 1,669 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) 44 0 44 0 0 0 0 0 0 0 0 0 0 Items in process of collection 80 0 0 0 0 0 80 0 0 0 0 0 0 Bank premises 2,257 121 431 74 109 223 209 198 124 97 244 226 201 Central bank liquidity swaps (11) 75 3 24 6 6 16 4 2 1 0 1 1 11 Foreign currency denominated assets (12) 23,657 1,076 7,610 1,779 1,881 4,933 1,360 653 199 100 249 395 3,423 Other assets (13) 34,237 734 20,678 825 751 2,080 1,887 1,393 495 284 477 1,073 3,559 Interdistrict settlement account 0 + 24,904 + 2,237 + 11,041 + 647 - 28,591 + 7,615 - 24,457 - 11,603 - 3,366 - 2,101 - 4,710 + 28,384 Total assets 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983 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, August 6, 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 1,449,011 44,960 496,641 43,074 65,587 104,831 213,329 92,462 37,234 21,220 37,157 116,026 176,491 Less: Notes held by F.R. Banks 204,543 5,074 65,555 6,313 8,810 11,353 20,749 13,714 5,145 4,643 5,308 29,649 28,230 Federal Reserve notes, net 1,244,467 39,886 431,086 36,761 56,777 93,478 192,580 78,748 32,089 16,577 31,849 86,377 148,261 Reverse repurchase agreements (14) 229,393 4,640 140,793 5,496 5,008 12,821 12,681 9,376 2,829 1,406 3,022 6,990 24,332 Deposits 2,872,425 67,727 2,102,447 71,407 32,309 103,800 43,139 66,207 7,560 5,581 20,908 35,716 315,625 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 2,789,406 67,720 2,019,701 71,375 32,306 103,602 43,130 66,197 7,559 5,581 20,906 35,713 315,616 U.S. Treasury, General Account 69,324 0 69,324 0 0 0 0 0 0 0 0 0 0 Foreign official 6,565 2 6,538 3 3 8 2 1 0 0 0 1 6 Other (15) 7,130 5 6,884 29 0 189 7 9 0 0 1 2 3 Deferred availability cash items 851 0 0 0 0 0 704 0 0 147 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (16) 2,038 40 1,284 44 39 113 119 79 13 12 23 61 209 Other liabilities and accrued dividends (17) 4,626 148 2,204 183 175 463 317 243 130 111 112 181 359 Total liabilities 4,353,800 112,441 2,677,815 113,890 94,309 210,675 249,538 154,652 42,622 23,834 55,914 129,324 488,785 Capital Capital paid in 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099 Surplus 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983 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, August 6, 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 Aug 6, 2014 Federal Reserve notes outstanding 1,449,011 Less: Notes held by F.R. Banks not subject to collateralization 204,543 Federal Reserve notes to be collateralized 1,244,467 Collateral held against Federal Reserve notes 1,244,467 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,228,231 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,139,056 Less: Face value of securities under reverse repurchase agreements 208,135 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,930,921 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.