FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 11, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks September 11, 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 Sep 10, 2014
Federal Reserve Banks Sep 10, 2014 Sep 3, 2014 Sep 11, 2013

Reserve Bank credit 4,377,690 + 4,183 + 761,693 4,379,719
Securities held outright (1) 4,159,537 + 2,675 + 765,361 4,160,521
U.S. Treasury securities 2,439,657 + 2,671 + 401,376 2,440,637
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,325,368 + 2,678 + 386,333 2,326,351
Notes and bonds, inflation-indexed (2) 97,755 0 + 11,737 97,755
Inflation compensation (3) 16,534 - 7 + 3,306 16,531
Federal agency debt securities (2) 41,562 0 - 22,868 41,562
Mortgage-backed securities (4) 1,678,317 + 4 + 386,851 1,678,322
Unamortized premiums on securities held outright (5) 208,963 - 219 + 5,815 208,907
Unamortized discounts on securities held outright (5) -18,664 + 21 - 12,958 -18,654
Repurchase agreements (6) 0 0 0 0
Loans 291 - 8 + 18 352
Primary credit 10 - 18 - 8 53
Secondary credit 0 0 0 0
Seasonal credit 247 + 9 + 94 266
Term Asset-Backed Securities Loan Facility (7) 34 0 - 68 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,664 - 1 + 171 1,665
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) 44 0 - 80 44
Float -675 - 69 + 94 -627
Central bank liquidity swaps (12) 77 + 1 - 243 77
Other Federal Reserve assets (13) 26,369 + 1,784 + 3,517 27,349
Foreign currency denominated assets (14) 22,933 - 353 - 737 22,801
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 46,103 + 14 + 820 46,103

Total factors supplying reserve funds 4,462,967 + 3,844 + 761,776 4,464,863

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 Sep 10, 2014
Federal Reserve Banks Sep 10, 2014 Sep 3, 2014 Sep 11, 2013

Currency in circulation (15) 1,292,467 - 442 + 84,956 1,291,993
Reverse repurchase agreements (16) 266,584 + 818 + 173,996 267,602
Foreign official and international accounts 102,228 - 296 + 9,640 107,303
Others 164,356 + 1,115 + 164,356 160,299
Treasury cash holdings 165 + 4 + 23 164
Deposits with F.R. Banks, other than reserve balances 52,715 - 6,170 - 19,233 53,117
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 39,081 - 3,787 + 530 31,872
Foreign official 5,432 - 1,134 - 3,562 5,241
Other (17) 8,202 - 1,248 - 16,201 16,004
Other liabilities and capital (18) 63,991 - 1 + 818 63,033

Total factors, other than reserve balances,
absorbing reserve funds 1,675,922 - 5,792 + 240,561 1,675,910

Reserve balances with Federal Reserve Banks 2,787,045 + 9,636 + 521,214 2,788,954

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 Sep 10, 2014
Sep 10, 2014 Sep 3, 2014 Sep 11, 2013

Securities held in custody for foreign official and
international accounts 3,338,309 - 417 + 61,832 3,343,937
Marketable U.S. Treasury securities (1) 3,010,563 - 456 + 86,414 3,016,027
Federal agency debt and mortgage-backed securities (2) 285,805 + 28 - 29,008 285,934
Other securities (3) 41,942 + 12 + 4,427 41,976
Securities lent to dealers 10,669 + 1,648 - 1,429 11,123
Overnight facility (4) 10,669 + 1,648 - 1,429 11,123
U.S. Treasury securities 9,860 + 1,721 - 1,405 10,373
Federal agency debt securities 810 - 72 - 23 750

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, September 10, 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) 118 234 0 0 0 ... 352
U.S. Treasury securities (2)
Holdings 0 90 3,194 1,037,162 742,261 657,930 2,440,637
Weekly changes 0 0 0 + 1,615 - 1 + 2,037 + 3,651
Federal agency debt securities (3)
Holdings 1,556 1,329 3,584 32,746 0 2,347 41,562
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 4,698 1,673,614 1,678,322
Weekly changes 0 0 0 0 + 863 - 857 + 6
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) 77 0 0 0 0 0 77

Reverse repurchase agreements (6) 267,602 0 ... ... ... ... 267,602
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
Sep 10, 2014

Mortgage-backed securities held outright (1) 1,678,322

Commitments to buy mortgage-backed securities (2) 80,643
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 4

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
Sep 10, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,665

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
Sep 10, 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
Sep 10, 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
Sep 10, 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 Sep 10, 2014 Wednesday Wednesday
consolidation Sep 3, 2014 Sep 11, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,930 + 8 - 62
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,351,126 + 3,534 + 756,847
Securities held outright (1) 4,160,521 + 3,657 + 763,739
U.S. Treasury securities 2,440,637 + 3,651 + 399,549
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,326,351 + 3,661 + 385,784
Notes and bonds, inflation-indexed (2) 97,755 0 + 10,546
Inflation compensation (3) 16,531 - 10 + 3,219
Federal agency debt securities (2) 41,562 0 - 22,654
Mortgage-backed securities (4) 1,678,322 + 6 + 386,844
Unamortized premiums on securities held outright
(5) 208,907 - 132 + 5,820
Unamortized discounts on securities held outright
(5) -18,654 + 19 - 12,787
Repurchase agreements (6) 0 0 0
Loans 352 - 10 + 75
Net portfolio holdings of Maiden Lane LLC (7) 1,665 + 1 + 167
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 0 - 68
Items in process of collection (0) 94 - 22 - 31
Bank premises 2,255 0 - 29
Central bank liquidity swaps (11) 77 + 1 - 243
Foreign currency denominated assets (12) 22,801 - 404 - 925
Other assets (13) 25,095 + 2,704 + 3,719

Total assets (0) 4,421,408 + 5,821 + 759,373

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 Sep 10, 2014 Wednesday Wednesday
consolidation Sep 3, 2014 Sep 11, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,247,980 - 2,086 + 84,510
Reverse repurchase agreements (14) 267,602 + 17,296 + 175,438
Deposits (0) 2,842,072 - 8,612 + 499,663
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,788,954 - 24,799 + 513,312
U.S. Treasury, General Account 31,872 + 10,836 + 1,852
Foreign official 5,241 - 1,326 - 3,524
Other (15) (0) 16,004 + 6,676 - 11,978
Deferred availability cash items (0) 721 - 482 - 163
Other liabilities and accrued dividends (16) 6,693 - 299 - 1,529

Total liabilities (0) 4,365,067 + 5,817 + 757,919

Capital accounts
Capital paid in 28,170 + 2 + 726
Surplus 28,170 + 2 + 726
Other capital accounts 0 0 0

Total capital 56,341 + 4 + 1,454

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, September 10, 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 1,930 32 94 124 123 320 222 276 25 46 153 182 332
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,351,126 88,009 2,670,390 104,231 94,993 243,168 240,542 177,833 53,725 26,795 57,330 132,586 461,524
Securities held outright (1) 4,160,521 84,160 2,553,576 99,673 90,839 232,534 229,991 170,046 51,317 25,497 54,804 126,772 441,311
U.S. Treasury securities 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881
Federal agency debt securities (2) 41,562 841 25,509 996 907 2,323 2,298 1,699 513 255 547 1,266 4,409
Mortgage-backed securities (4) 1,678,322 33,949 1,030,093 40,207 36,644 93,803 92,777 68,595 20,701 10,285 22,107 51,139 178,021
Unamortized premiums on securities held
outright (5) 208,907 4,226 128,220 5,005 4,561 11,676 11,548 8,538 2,577 1,280 2,752 6,365 22,159
Unamortized discounts on securities
held outright (5) -18,654 -377 -11,449 -447 -407 -1,043 -1,031 -762 -230 -114 -246 -568 -1,979
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 352 1 44 0 0 0 34 11 61 132 20 17 33
Net portfolio holdings of Maiden
Lane LLC (7) 1,665 0 1,665 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 94 0 0 0 0 0 93 0 0 1 0 0 0
Bank premises 2,255 121 434 74 110 222 209 198 124 97 243 224 200
Central bank liquidity swaps (11) 77 4 25 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated assets (12) 22,801 1,037 7,335 1,714 1,813 4,754 1,311 629 192 96 240 381 3,299
Other assets (13) 25,095 535 15,039 739 546 1,547 1,374 1,014 356 219 347 798 2,580
Interdistrict settlement account 0 + 10,547 - 58,585 + 2,678 + 9,252 + 197 + 8,040 - 10,297 - 10,950 - 2,083 - 134 + 2,635 + 48,701

Total assets 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478

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, September 10, 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 1,443,974 44,572 489,349 42,766 65,118 103,568 212,875 94,569 37,360 21,242 36,783 115,911 179,862
Less: Notes held by F.R. Banks 195,994 5,311 63,063 6,357 8,870 11,177 20,690 11,915 4,937 4,278 5,302 25,736 28,359
Federal Reserve notes, net 1,247,980 39,261 426,285 36,409 56,248 92,391 192,186 82,654 32,423 16,964 31,481 90,175 151,503
Reverse repurchase agreements (14) 267,602 5,413 164,244 6,411 5,843 14,956 14,793 10,937 3,301 1,640 3,525 8,154 28,385
Deposits 2,842,072 53,409 2,030,175 62,876 40,791 131,999 42,547 75,315 7,510 6,356 22,882 38,429 329,783
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 2,788,954 53,397 1,977,410 62,837 40,788 131,731 42,538 75,306 7,510 6,355 22,881 38,428 329,774
U.S. Treasury, General Account 31,872 0 31,872 0 0 0 0 0 0 0 0 0 0
Foreign official 5,241 2 5,214 3 3 8 2 1 0 0 0 1 6
Other (15) 16,004 11 15,679 36 0 260 7 7 0 0 1 0 3
Deferred availability cash items 721 0 0 0 0 0 611 0 0 110 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,693 19 1,199 20 10 23 86 73 20 12 20 54 155
Other liabilities and accrued
dividends (17) 5,000 167 2,179 211 208 544 361 282 142 118 126 208 454

Total liabilities 4,365,067 98,270 2,624,083 105,927 103,101 239,913 250,583 169,261 43,395 25,200 58,034 137,021 510,279

Capital
Capital paid in 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099
Surplus 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478

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, September 10, 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
Sep 10, 2014

Federal Reserve notes outstanding 1,443,974
Less: Notes held by F.R. Banks not subject to collateralization 195,994
Federal Reserve notes to be collateralized 1,247,980
Collateral held against Federal Reserve notes 1,247,980
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,231,743
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,160,521
Less: Face value of securities under reverse repurchase agreements 257,508
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

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