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 April 17, 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 Apr 16, 2014 Federal Reserve Banks Apr 16, 2014 Apr 9, 2014 Apr 17, 2013 Reserve Bank credit 4,238,125 + 39,701 + 997,174 4,240,892 Securities held outright (1) 4,011,759 + 36,956 + 999,220 4,015,215 U.S. Treasury securities 2,331,574 + 7,222 + 511,917 2,335,991 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,221,914 + 6,310 + 494,186 2,226,297 Notes and bonds, inflation-indexed (2) 95,389 + 706 + 15,112 95,389 Inflation compensation (3) 14,270 + 205 + 2,619 14,305 Federal agency debt securities (2) 47,129 - 214 - 24,924 46,594 Mortgage-backed securities (4) 1,633,056 + 29,948 + 512,227 1,632,629 Unamortized premiums on securities held outright (5) 210,207 + 744 + 15,878 210,119 Unamortized discounts on securities held outright (5) -17,452 - 164 - 15,783 -17,504 Repurchase agreements (6) 0 0 0 0 Loans 101 + 1 - 292 104 Primary credit 3 0 + 1 7 Secondary credit 0 0 0 0 Seasonal credit 16 + 1 + 7 15 Term Asset-Backed Securities Loan Facility (7) 82 0 - 300 82 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,586 + 2 + 182 1,586 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 - 2 - 300 92 Float -632 + 21 + 114 -663 Central bank liquidity swaps (12) 407 0 - 7,145 407 Other Federal Reserve assets (13) 31,972 + 2,142 + 5,300 31,451 Foreign currency denominated assets (14) 24,242 + 251 + 631 24,143 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,748 + 14 + 747 45,748 Total factors supplying reserve funds 4,324,357 + 39,967 + 998,552 4,327,024 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 Apr 16, 2014 Federal Reserve Banks Apr 16, 2014 Apr 9, 2014 Apr 17, 2013 Currency in circulation (15) 1,270,492 - 95 + 92,046 1,271,081 Reverse repurchase agreements (16) 177,243 - 11,646 + 80,102 173,515 Foreign official and international accounts 98,807 + 4,248 + 3,237 101,771 Others 78,436 - 15,894 + 76,865 71,744 Treasury cash holdings 231 - 33 + 33 238 Deposits with F.R. Banks, other than reserve balances 86,645 + 9,611 - 37,171 147,958 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 65,457 + 3,021 - 17,115 134,483 Foreign official 6,978 + 1 - 2,905 6,978 Other (17) 14,211 + 6,590 - 17,150 6,498 Other liabilities and capital (18) 65,001 + 1,726 - 5,270 63,428 Total factors, other than reserve balances, absorbing reserve funds 1,599,613 - 436 + 129,741 1,656,220 Reserve balances with Federal Reserve Banks 2,724,744 + 40,403 + 868,811 2,670,804 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 Apr 16, 2014 Apr 16, 2014 Apr 9, 2014 Apr 17, 2013 Securities held in custody for foreign official and international accounts 3,300,912 - 15,155 + 4,648 3,298,780 Marketable U.S. Treasury securities (1) 2,960,814 - 14,044 + 2,055 2,958,868 Federal agency debt and mortgage-backed securities (2) 297,373 - 665 - 2,086 297,028 Other securities (3) 42,725 - 446 + 4,679 42,884 Securities lent to dealers 11,029 - 1,162 - 7,300 10,452 Overnight facility (4) 11,029 - 1,162 - 7,300 10,452 U.S. Treasury securities 9,802 - 1,161 - 7,601 9,081 Federal agency debt securities 1,227 - 1 + 301 1,371 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, April 16, 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) 20 2 82 0 0 ... 104 U.S. Treasury securities (2) Holdings 1 38 143 853,151 859,981 622,677 2,335,991 Weekly changes + 1 - 1 + 1 + 3,234 + 4,503 + 2,167 + 9,906 Federal agency debt securities (3) Holdings 1,629 2,315 6,755 33,548 0 2,347 46,594 Weekly changes - 749 + 1,009 - 27 - 982 0 0 - 749 Mortgage-backed securities (4) Holdings 0 0 0 6 3,447 1,629,176 1,632,629 Weekly changes 0 0 0 0 + 14 + 29,508 + 29,521 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) 231 176 0 0 0 0 407 Reverse repurchase agreements (6) 173,515 0 ... ... ... ... 173,515 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 Apr 16, 2014 Mortgage-backed securities held outright (1) 1,632,629 Commitments to buy mortgage-backed securities (2) 40,609 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 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 Apr 16, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,586 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Wednesday Apr 16, 2014 Net portfolio holdings of Maiden Lane II LLC (1) 63 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Wednesday Apr 16, 2014 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Account name Wednesday Apr 16, 2014 Asset-backed securities holdings (1) 0 Other investments, net 92 Net portfolio holdings of TALF LLC 92 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 Apr 16, 2014 Wednesday Wednesday consolidation Apr 9, 2014 Apr 17, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,923 - 6 - 146 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,207,933 + 39,153 + 991,306 Securities held outright (1) 4,015,215 + 38,679 + 992,002 U.S. Treasury securities 2,335,991 + 9,906 + 510,949 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,226,297 + 9,812 + 493,248 Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112 Inflation compensation (3) 14,305 + 94 + 2,589 Federal agency debt securities (2) 46,594 - 749 - 25,459 Mortgage-backed securities (4) 1,632,629 + 29,521 + 506,510 Unamortized premiums on securities held outright (5) 210,119 + 630 + 15,445 Unamortized discounts on securities held outright (5) -17,504 - 160 - 15,840 Repurchase agreements (6) 0 0 0 Loans 104 + 5 - 300 Net portfolio holdings of Maiden Lane LLC (7) 1,586 + 1 + 180 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) 92 0 - 300 Items in process of collection (0) 109 + 11 - 15 Bank premises 2,271 + 2 - 29 Central bank liquidity swaps (11) 407 0 - 7,145 Foreign currency denominated assets (12) 24,143 - 33 + 502 Other assets (13) 29,180 + 652 + 4,505 Total assets (0) 4,283,967 + 39,779 + 988,858 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 Apr 16, 2014 Wednesday Wednesday consolidation Apr 9, 2014 Apr 17, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,227,489 - 278 + 91,144 Reverse repurchase agreements (14) 173,515 - 8,738 + 75,938 Deposits (0) 2,818,762 + 48,617 + 825,287 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,670,804 - 27,084 + 821,575 U.S. Treasury, General Account 134,483 + 79,955 + 13,279 Foreign official 6,978 + 1 - 2,892 Other (15) (0) 6,498 - 4,253 - 6,674 Deferred availability cash items (0) 772 + 52 - 151 Other liabilities and accrued dividends (16) 7,331 + 150 - 4,317 Total liabilities (0) 4,227,870 + 39,804 + 987,902 Capital accounts Capital paid in 28,048 - 13 + 477 Surplus 28,048 - 13 + 477 Other capital accounts 0 0 0 Total capital 56,097 - 25 + 956 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, April 16, 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 1,923 35 91 122 124 329 229 276 21 47 152 173 323 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,207,933 85,117 2,582,695 100,807 91,872 235,178 232,607 171,989 51,903 25,796 55,427 128,214 446,329 Securities held outright (1) 4,015,215 81,221 2,464,392 96,192 87,666 224,413 221,959 164,107 49,525 24,607 52,890 122,345 425,898 U.S. Treasury securities 2,335,991 47,253 1,433,746 55,963 51,003 130,560 129,132 95,475 28,813 14,316 30,770 71,178 247,781 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,335,991 47,253 1,433,746 55,963 51,003 130,560 129,132 95,475 28,813 14,316 30,770 71,178 247,781 Federal agency debt securities (2) 46,594 943 28,598 1,116 1,017 2,604 2,576 1,904 575 286 614 1,420 4,942 Mortgage-backed securities (4) 1,632,629 33,025 1,002,048 39,113 35,646 91,249 90,251 66,728 20,137 10,005 21,506 49,747 173,175 Unamortized premiums on securities held outright (5) 210,119 4,250 128,963 5,034 4,588 11,744 11,615 8,588 2,592 1,288 2,768 6,402 22,288 Unamortized discounts on securities held outright (5) -17,504 -354 -10,743 -419 -382 -978 -968 -715 -216 -107 -231 -533 -1,857 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 104 0 82 0 0 0 1 10 2 9 1 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,586 0 1,586 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) 92 0 92 0 0 0 0 0 0 0 0 0 0 Items in process of collection 109 0 0 0 0 0 108 0 0 0 0 0 0 Bank premises 2,271 123 428 73 110 226 210 200 126 99 245 230 202 Central bank liquidity swaps (11) 407 19 131 31 32 85 23 11 3 2 4 7 59 Foreign currency denominated assets (12) 24,143 1,098 7,766 1,815 1,920 5,034 1,388 667 203 102 254 404 3,493 Other assets (13) 29,180 633 17,530 708 643 1,795 1,607 1,185 425 250 409 956 3,038 Interdistrict settlement account 0 + 10,109 + 10,470 + 7,287 - 7,374 - 4,920 + 5,364 - 16,801 - 7,628 - 2,428 - 3,760 + 4,127 + 5,555 Total assets 4,283,967 97,681 2,626,817 111,391 88,027 238,963 243,539 158,657 45,481 24,130 53,176 135,272 460,831 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, April 16, 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 1,447,824 44,830 520,179 43,360 60,684 103,658 205,736 90,377 36,845 20,988 37,706 117,820 165,641 Less: Notes held by F.R. Banks 220,335 4,639 69,552 5,069 7,909 10,995 22,987 13,519 4,910 6,434 7,671 35,806 30,843 Federal Reserve notes, net 1,227,489 40,191 450,626 38,291 52,775 92,663 182,749 76,858 31,935 14,555 30,035 82,014 134,798 Reverse repurchase agreements (14) 173,515 3,510 106,497 4,157 3,788 9,698 9,592 7,092 2,140 1,063 2,286 5,287 18,405 Deposits 2,818,762 51,244 2,047,590 64,463 26,803 124,498 46,832 72,816 10,751 8,074 20,132 46,780 298,779 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 2,670,804 51,241 1,899,917 64,433 26,800 124,276 46,824 72,809 10,751 8,074 20,130 46,777 298,773 U.S. Treasury, General Account 134,483 0 134,483 0 0 0 0 0 0 0 0 0 0 Foreign official 6,978 2 6,950 3 3 8 2 1 0 0 0 1 6 Other (15) 6,498 1 6,240 27 0 213 6 6 0 0 1 2 1 Deferred availability cash items 772 0 0 0 0 0 696 0 0 76 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (16) 1,902 25 1,224 35 32 82 109 76 22 11 33 60 194 Other liabilities and accrued dividends (17) 5,429 176 2,525 225 218 557 368 286 138 119 122 208 488 Total liabilities 4,227,870 95,146 2,608,461 107,172 83,616 227,497 240,346 157,127 44,987 23,898 52,607 134,349 452,664 Capital Capital paid in 28,048 1,268 9,178 2,110 2,206 5,733 1,597 765 247 116 285 462 4,083 Surplus 28,048 1,268 9,178 2,110 2,206 5,733 1,597 765 247 116 285 462 4,083 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,283,967 97,681 2,626,817 111,391 88,027 238,963 243,539 158,657 45,481 24,130 53,176 135,272 460,831 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, April 16, 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 Apr 16, 2014 Federal Reserve notes outstanding 1,447,824 Less: Notes held by F.R. Banks not subject to collateralization 220,335 Federal Reserve notes to be collateralized 1,227,489 Collateral held against Federal Reserve notes 1,227,489 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,211,253 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,015,215 Less: Face value of securities under reverse repurchase agreements 163,605 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,851,610 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.