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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

January 9, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jan 8, 2014

Week ended
Jan 8, 2014

Change from week ended

Jan 1, 2014

Jan 9, 2013

Reserve Bank credit

3,982,685

+    1,173

+1,103,357

3,985,572

Securities held outright1

3,756,477

+      305

+1,081,670

3,758,748

U.S. Treasury securities

2,209,537

+      746

+  538,156

2,212,924

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,104,670

+      798

+  518,877

2,108,075

Notes and bonds, inflation-indexed2

    91,379

         0

+   16,639

    91,379

Inflation compensation3

    13,488

-       52

+    2,640

    13,470

Federal agency debt securities2

    56,774

-      447

-   19,949

    55,657

Mortgage-backed securities4

1,490,166

+        6

+  563,463

1,490,167

Unamortized premiums on securities held outright5

   208,343

-      354

+   37,491

   208,249

Unamortized discounts on securities held outright5

   -12,403

-       46

-   10,847

   -12,642

Repurchase agreements6

         0

         0

         0

         0

Loans

       130

-       43

-      435

       121

Primary credit

        12

-        5

+        5

         5

Secondary credit

         0

         0

         0

         0

Seasonal credit

        21

-       38

+       18

        19

Term Asset-Backed Securities Loan Facility7

        97

         0

-      459

        97

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,541

         0

+      128

     1,541

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

+        2

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       108

-        1

-      748

       107

Float

      -654

-       85

+      212

      -633

Central bank liquidity swaps12

       261

-       11

-    8,730

       259

Other Federal Reserve assets13

    28,796

+    1,409

+    4,614

    29,736

Foreign currency denominated assets14

    23,710

-      110

-    1,010

    23,641

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,544

+       14

+      761

    45,544

Total factors supplying reserve funds

4,068,180

+    1,078

+1,103,107

4,070,998

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jan 8, 2014

Week ended
Jan 8, 2014

Change from week ended

Jan 1, 2014

Jan 9, 2013

Currency in circulation15

1,237,425

-    3,074

+   73,053

1,234,100

Reverse repurchase agreements16

   173,997

-   61,089

+   74,515

   150,726

Foreign official and international accounts

   111,877

-    4,632

+   12,395

   107,181

Others

    62,120

-   56,457

+   62,120

    43,545

Treasury cash holdings

       237

+        2

+       81

       239

Deposits with F.R. Banks, other than reserve balances

   141,641

-   11,708

+   47,019

   132,845

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   119,258

+   14,154

+   59,614

   110,758

Foreign official

     8,063

+       81

+    1,598

     8,047

Other

    14,320

-   25,944

-   14,194

    14,040

Other liabilities and capital17

    61,841

-    1,460

-    1,575

    62,957

Total factors, other than reserve balances,
absorbing reserve funds

1,615,141

-   77,328

+  193,093

1,580,866

Reserve balances with Federal Reserve Banks

2,453,039

+   78,406

+  910,015

2,490,132

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

Refer to table 4 and the note on consolidation accompanying table 9.

9.

Refer to table 5 and the note on consolidation accompanying table 9.

10.

Refer to table 6 and the note on consolidation accompanying table 9.

11.

Refer to table 7 and the note on consolidation accompanying table 9.

12.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Jan 8, 2014

Week ended
Jan 8, 2014

Change from week ended

Jan 1, 2014

Jan 9, 2013

Securities held in custody for foreign official and international accounts

3,352,545

-    1,296

+  105,363

3,349,939

Marketable U.S. Treasury securities1

2,997,202

-    1,437

+   96,378

2,995,275

Federal agency debt and mortgage-backed securities2

   311,909

+      120

+    1,483

   311,218

Other securities3

    43,434

+       21

+    7,502

    43,447

Securities lent to dealers

    12,818

-    1,952

+    5,595

    10,987

Overnight facility4

    12,818

-    1,952

+    5,595

    10,987

U.S. Treasury securities

    11,720

-    2,000

+    5,189

    10,000

Federal agency debt securities

     1,098

+       48

+      406

       987

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, January 8, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

         5

        19

        64

        33

         0

...

       121

U.S. Treasury securities2

Holdings

         0

       298

       176

   763,322

   867,504

   581,624

2,212,924

Weekly changes

         0

         0

         0

-        7

+    2,804

+    1,352

+    4,149

Federal agency debt securities3

Holdings

       746

     7,568

     8,666

    36,268

        62

     2,347

    55,657

Weekly changes

-    1,564

         0

         0

         0

         0

         0

-    1,564

Mortgage-backed securities4

Holdings

         0

         0

         0

         5

     2,726

1,487,436

1,490,167

Weekly changes

         0

         0

         0

         0

+      177

-      172

+        5

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         0

       259

         0

         0

         0

         0

       259

Reverse repurchase agreements6

   150,726

         0

...

...

...

...

   150,726

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

Jan 8, 2014

Mortgage-backed securities held outright1

1,490,167

Commitments to buy mortgage-backed securities2

    70,929

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         5

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

Jan 8, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,541

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Jan 8, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Jan 8, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Jan 8, 2014

Asset-backed securities holdings1

         0

Other investments, net

       107

Net portfolio holdings of TALF LLC

       107

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         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 from consolidation

Wednesday
Jan 8, 2014

Change since

Wednesday

Wednesday

Jan 1, 2014

Jan 9, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,969

+       14

-      151

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,954,476

+    1,889

+1,105,202

Securities held outright1

3,758,748

+    2,590

+1,079,368

U.S. Treasury securities

2,212,924

+    4,149

+  536,617

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,108,075

+    4,204

+  517,323

Notes and bonds, inflation-indexed2

    91,379

         0

+   16,639

Inflation compensation3

    13,470

-       55

+    2,655

Federal agency debt securities2

    55,657

-    1,564

-   20,704

Mortgage-backed securities4

1,490,167

+        5

+  563,455

Unamortized premiums on securities held outright5

   208,249

-      361

+   37,316

Unamortized discounts on securities held outright5

   -12,642

-      290

-   11,044

Repurchase agreements6

         0

         0

         0

Loans

       121

-       50

-      438

Net portfolio holdings of Maiden Lane LLC7

     1,541

         0

+      127

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

+        2

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       107

-        2

-      749

Items in process of collection

(0)

       132

-       33

-       20

Bank premises

     2,286

-        3

-       46

Central bank liquidity swaps11

       259

-       13

-    8,732

Foreign currency denominated assets12

    23,641

-      180

-    1,069

Other assets13

    27,451

+    2,872

+    4,892

Total assets

(0)

4,028,185

+    4,545

+1,099,457

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 from consolidation

Wednesday
Jan 8, 2014

Change since

Wednesday

Wednesday

Jan 1, 2014

Jan 9, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,190,760

-    7,160

+   72,415

Reverse repurchase agreements14

   150,726

-  165,198

+   55,759

Deposits

(0)

2,622,977

+  177,357

+  972,370

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,490,132

+  241,062

+  924,630

U.S. Treasury, General Account

   110,758

-   51,641

+   63,420

Foreign official

     8,047

+       77

+    1,582

Other

(0)

    14,040

-   12,141

-   17,261

Deferred availability cash items

(0)

       765

-      362

-      161

Other liabilities and accrued dividends15

     7,935

-      100

-    1,226

Total liabilities

(0)

3,973,163

+    4,536

+1,099,157

Capital accounts

Capital paid in

    27,511

+        4

+      150

Surplus

    27,511

+        4

+      150

Other capital accounts

         0

         0

         0

Total capital

    55,022

+        8

+      300

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, January 8, 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

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,969

        35

        81

       125

       130

       336

       237

       286

        19

        49

       153

       182

       336

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,954,476

   103,402

2,192,949

   114,575

   100,990

   245,885

   262,683

   213,679

    63,627

    37,538

    74,822

   153,557

   390,769

Securities held outright1

3,758,748

    98,287

2,084,380

   108,907

    95,995

   233,722

   249,689

   203,109

    60,479

    35,668

    71,111

   145,961

   371,439

U.S. Treasury securities

2,212,924

    57,866

1,227,157

    64,118

    56,516

   137,601

   147,002

   119,579

    35,607

    20,999

    41,866

    85,933

   218,681

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,212,924

    57,866

1,227,157

    64,118

    56,516

   137,601

   147,002

   119,579

    35,607

    20,999

    41,866

    85,933

   218,681

Federal agency debt securities2

    55,657

     1,455

    30,864

     1,613

     1,421

     3,461

     3,697

     3,008

       896

       528

     1,053

     2,161

     5,500

Mortgage-backed securities4

1,490,167

    38,966

   826,358

    43,176

    38,057

    92,660

    98,990

    80,523

    23,977

    14,141

    28,192

    57,867

   147,258

Unamortized premiums on securities held outright5

   208,249

     5,445

   115,482

     6,034

     5,318

    12,949

    13,834

    11,253

     3,351

     1,976

     3,940

     8,087

    20,579

Unamortized discounts on securities held outright5

   -12,642

      -331

    -7,010

      -366

      -323

      -786

      -840

      -683

      -203

      -120

      -239

      -491

    -1,249

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       121

         0

        97

         0

         0

         0

         0

         0

         0

        14

        10

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,541

         0

     1,541

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       107

         0

       107

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       132

         0

         0

         0

         0

         0

       131

         0

         0

         0

         0

         0

         0

Bank premises

     2,286

       123

       431

        72

       111

       228

       211

       202

       127

        99

       247

       231

       204

Central bank liquidity swaps11

       259

        13

        83

        20

        20

        54

        15

         7

         2

         1

         3

         4

        37

Foreign currency denominated assets12

    23,641

     1,162

     7,560

     1,828

     1,844

     4,964

     1,347

       674

       197

        99

       239

       375

     3,353

Other assets13

    27,451

       754

    14,795

       803

       713

     1,885

     1,844

     1,482

       503

       328

       542

     1,101

     2,702

Interdistrict settlement account

         0

-   32,010

+  285,903

-   20,953

-   15,557

-   35,020

-   57,343

-   65,489

-   19,449

-   15,863

-   26,650

-   40,101

+   42,532

Total assets

4,028,185

    74,066

2,509,278

    97,077

    88,999

   219,600

   211,199

   152,058

    45,485

    22,532

    49,817

   116,359

   441,713

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, January 8, 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

1,396,175

    45,687

   509,482

    42,326

    59,388

   105,660

   169,922

    86,657

    34,965

    21,731

    37,047

   120,450

   162,859

Less: Notes held by F.R. Banks

   205,415

     9,525

    38,193

     5,740

     5,422

     9,093

    18,688

    13,427

     3,460

     9,108

    10,513

    53,658

    28,588

Federal Reserve notes, net

1,190,760

    36,162

   471,288

    36,586

    53,965

    96,567

   151,235

    73,230

    31,506

    12,623

    26,535

    66,793

   134,271

Reverse repurchase agreements14

   150,726

     3,941

    83,584

     4,367

     3,849

     9,372

    10,013

     8,145

     2,425

     1,430

     2,852

     5,853

    14,895

Deposits

2,622,977

    31,256

1,932,158

    51,759

    26,578

   101,624

    45,612

    68,757

    10,914

     8,042

    19,694

    42,503

   284,081

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

2,490,132

    31,235

1,799,500

    51,738

    26,575

   101,525

    45,600

    68,742

    10,914

     8,041

    19,692

    42,497

   284,073

U.S. Treasury, General Account

   110,758

         0

   110,758

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,047

         2

     8,020

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    14,040

        19

    13,880

        17

         0

        90

        10

        14

         0

         0

         1

         5

         3

Deferred availability cash items

       765

         0

         0

         0

         0

         0

       704

         0

         0

        61

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,999

        50

     1,144

        48

        47

        92

       138

       122

        30

        19

        39

        83

       188

Other liabilities and accrued
dividends16

     5,936

       154

     3,414

       181

       184

       473

       335

       286

       140

       124

       120

       208

       317

Total liabilities

3,973,163

    71,564

2,491,588

    92,940

    84,624

   208,128

   208,036

   150,539

    45,015

    22,299

    49,238

   115,439

   433,752

Capital

Capital paid in

    27,511

     1,251

     8,845

     2,068

     2,188

     5,736

     1,582

       760

       235

       117

       290

       460

     3,981

Surplus

    27,511

     1,251

     8,845

     2,068

     2,188

     5,736

     1,582

       760

       235

       117

       290

       460

     3,981

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,028,185

    74,066

2,509,278

    97,077

    88,999

   219,600

   211,199

   152,058

    45,485

    22,532

    49,817

   116,359

   441,713

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, January 8, 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.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

16.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

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

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

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Jan 8, 2014

Federal Reserve notes outstanding

1,396,175

Less: Notes held by F.R. Banks not subject to collateralization

   205,415

Federal Reserve notes to be collateralized

1,190,760

Collateral held against Federal Reserve notes

1,190,760

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,174,523

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

3,758,748

Less: Face value of securities under reverse repurchase agreements

    144,144

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,614,604

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.


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