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 December 19, 2013 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 Dec 18, 2013 Federal Reserve Banks Dec 18, 2013 Dec 11, 2013 Dec 19, 2012 Reserve Bank credit 3,958,486 + 53,017 +1,085,624 3,965,092 Securities held outright (1) 3,732,882 + 50,618 +1,063,936 3,739,919 U.S. Treasury securities 2,192,260 + 14,242 + 532,561 2,197,292 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,087,219 + 13,067 + 513,208 2,092,274 Notes and bonds, inflation-indexed (2) 91,379 + 1,200 + 16,639 91,379 Inflation compensation (3) 13,662 - 24 + 2,714 13,639 Federal agency debt securities (2) 57,221 - 987 - 22,062 57,221 Mortgage-backed securities (4) 1,483,401 + 37,362 + 553,437 1,485,407 Unamortized premiums on securities held outright (5) 208,868 + 981 + 39,590 208,882 Unamortized discounts on securities held outright (5) -11,404 - 669 - 9,875 -11,711 Repurchase agreements (6) 0 0 0 0 Loans 168 - 1 - 671 181 Primary credit 6 - 7 - 6 15 Secondary credit 0 0 0 0 Seasonal credit 64 + 6 + 41 67 Term Asset-Backed Securities Loan Facility (7) 98 0 - 705 98 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,520 0 + 87 1,519 Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22 Net portfolio holdings of TALF LLC (11) 109 0 - 747 109 Float -620 + 41 + 144 -694 Central bank liquidity swaps (12) 273 + 1 - 11,276 273 Other Federal Reserve assets (13) 26,605 + 2,046 + 4,434 26,530 Foreign currency denominated assets (14) 23,957 - 9 - 1,362 23,976 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,502 + 14 + 756 45,502 Total factors supplying reserve funds 4,044,187 + 53,023 +1,085,019 4,050,811 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 Dec 18, 2013 Federal Reserve Banks Dec 18, 2013 Dec 11, 2013 Dec 19, 2012 Currency in circulation (15) 1,229,724 + 2,173 + 73,016 1,232,490 Reverse repurchase agreements (16) 115,863 + 2,968 + 11,681 111,966 Foreign official and international accounts 100,151 - 247 - 4,031 100,861 Others 15,712 + 3,215 + 15,712 11,105 Treasury cash holdings 227 - 2 + 83 229 Deposits with F.R. Banks, other than reserve balances 112,723 + 50,551 - 1,178 177,148 Term deposits held by depository institutions 13,532 0 + 13,532 13,532 U.S. Treasury, General Account 70,572 + 41,580 + 15,586 116,998 Foreign official 7,983 - 144 + 1,976 7,973 Other 20,636 + 9,115 - 32,272 38,646 Other liabilities and capital (17) 64,349 + 57 - 2,664 63,046 Total factors, other than reserve balances, absorbing reserve funds 1,522,886 + 55,746 + 80,938 1,584,879 Reserve balances with Federal Reserve Banks 2,521,300 - 2,724 +1,004,080 2,465,932 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 Week ended Change from week ended Dec 18, 2013 Dec 18, 2013 Dec 11, 2013 Dec 19, 2012 Securities held in custody for foreign official and international accounts 3,379,756 + 11,741 + 149,477 3,379,660 Marketable U.S. Treasury securities (1) 3,021,023 + 14,143 + 142,662 3,021,465 Federal agency debt and mortgage-backed securities (2) 315,447 - 2,608 - 562 314,881 Other securities (3) 43,285 + 205 + 7,376 43,313 Securities lent to dealers 11,246 - 334 + 5,365 11,119 Overnight facility (4) 11,246 - 334 + 5,365 11,119 U.S. Treasury securities 10,251 - 397 + 5,143 10,035 Federal agency debt securities 995 + 63 + 222 1,084 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, December 18, 2013 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) 82 0 65 34 0 ... 181 U.S. Treasury securities (2) Holdings 1 297 177 748,008 871,606 577,203 2,197,292 Weekly changes + 1 - 1 0 - 7 + 6,899 + 4,681 + 11,573 Federal agency debt securities (3) Holdings 0 9,878 8,666 36,268 62 2,347 57,221 Weekly changes 0 + 4,068 - 4,068 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 5 2,581 1,482,820 1,485,407 Weekly changes 0 0 0 + 1 - 12 + 2,451 + 2,441 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) 1 272 0 0 0 0 273 Reverse repurchase agreements (6) 111,966 0 ... ... ... ... 111,966 Term deposits 13,532 0 0 ... ... ... 13,532 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 Dec 18, 2013 Mortgage-backed securities held outright (1) 1,485,407 Commitments to buy mortgage-backed securities (2) 55,928 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 59 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 Dec 18, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,519 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 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 Dec 18, 2013 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 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 Dec 18, 2013 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 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 Dec 18, 2013 Asset-backed securities holdings (1) 0 Other investments, net 109 Net portfolio holdings of TALF LLC 109 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 Dec 18, 2013 Wednesday Wednesday consolidation Dec 11, 2013 Dec 19, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,964 + 17 - 162 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,937,271 + 13,287 +1,096,934 Securities held outright (1) 3,739,919 + 14,012 +1,068,394 U.S. Treasury securities 2,197,292 + 11,573 + 538,441 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,092,274 + 11,634 + 519,108 Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639 Inflation compensation (3) 13,639 - 61 + 2,694 Federal agency debt securities (2) 57,221 0 - 22,062 Mortgage-backed securities (4) 1,485,407 + 2,441 + 552,016 Unamortized premiums on securities held outright (5) 208,882 - 133 + 39,389 Unamortized discounts on securities held outright (5) -11,711 - 600 - 10,166 Repurchase agreements (6) 0 0 0 Loans 181 + 8 - 683 Net portfolio holdings of Maiden Lane LLC (7) 1,519 - 1 + 88 Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0 Net portfolio holdings of TALF LLC (10) 109 0 - 747 Items in process of collection (0) 99 + 5 - 34 Bank premises 2,287 + 3 - 50 Central bank liquidity swaps (11) 273 + 1 - 11,276 Foreign currency denominated assets (12) 23,976 - 103 - 1,372 Other assets (13) 24,243 + 899 + 4,448 Total assets (0) 4,008,062 + 14,107 +1,087,831 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 Dec 18, 2013 Wednesday Wednesday consolidation Dec 11, 2013 Dec 19, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,189,176 + 2,736 + 71,713 Reverse repurchase agreements (14) 111,966 - 23,775 + 11,002 Deposits (0) 2,643,081 + 39,576 +1,008,396 Term deposits held by depository institutions 13,532 0 + 13,532 Other deposits held by depository institutions 2,465,932 - 74,790 + 983,234 U.S. Treasury, General Account 116,998 + 95,508 + 41,981 Foreign official 7,973 + 2 + 1,973 Other (0) 38,646 + 18,857 - 32,325 Deferred availability cash items (0) 793 + 72 - 197 Other liabilities and accrued dividends (15) 8,061 - 4,506 - 3,338 Total liabilities (0) 3,953,077 + 14,103 +1,087,575 Capital accounts Capital paid in 27,492 + 2 + 128 Surplus 27,492 + 2 + 128 Other capital accounts 0 0 0 Total capital 54,984 + 3 + 256 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, December 18, 2013 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 1,964 36 81 125 130 337 238 283 20 48 152 181 333 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,937,271 102,951 2,183,376 114,074 100,549 244,812 261,537 212,774 63,360 37,380 74,501 152,887 389,070 Securities held outright (1) 3,739,919 97,795 2,073,938 108,361 95,514 232,551 248,438 202,092 60,176 35,489 70,755 145,230 369,579 U.S. Treasury securities 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136 Federal agency debt securities (2) 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655 Mortgage-backed securities (4) 1,485,407 38,842 823,719 43,039 37,936 92,364 98,674 80,266 23,901 14,095 28,102 57,682 146,788 Unamortized premiums on securities held outright (5) 208,882 5,462 115,834 6,052 5,335 12,988 13,876 11,287 3,361 1,982 3,952 8,111 20,642 Unamortized discounts on securities held outright (5) -11,711 -306 -6,494 -339 -299 -728 -778 -633 -188 -111 -222 -455 -1,157 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 181 0 98 0 0 0 1 27 11 20 16 1 7 Net portfolio holdings of Maiden Lane LLC (7) 1,519 0 1,519 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) 109 0 109 0 0 0 0 0 0 0 0 0 0 Items in process of collection 99 0 0 0 0 0 98 0 0 0 0 0 0 Bank premises 2,287 122 432 72 111 228 211 203 127 100 247 231 204 Central bank liquidity swaps (11) 273 13 87 21 21 57 16 8 2 1 3 4 39 Foreign currency denominated assets (12) 23,976 1,178 7,667 1,854 1,870 5,034 1,366 684 200 100 243 380 3,400 Other assets (13) 24,243 670 12,999 712 626 1,676 1,619 1,306 441 292 481 1,049 2,371 Interdistrict settlement account 0 - 28,949 + 289,811 - 23,338 - 15,805 - 38,588 - 57,967 - 63,131 - 21,075 - 16,378 - 29,060 - 38,517 + 42,995 Total assets 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193 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, December 18, 2013 (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 1,410,913 45,945 516,788 42,792 59,166 106,317 171,672 88,518 35,085 21,984 37,245 120,657 164,745 Less: Notes held by F.R. Banks 221,737 10,666 45,203 6,710 6,269 9,911 19,753 15,725 3,641 9,576 10,800 53,793 29,690 Federal Reserve notes, net 1,189,176 35,279 471,584 36,082 52,897 96,406 151,919 72,794 31,444 12,408 26,445 66,864 135,055 Reverse repurchase agreements (14) 111,966 2,928 62,090 3,244 2,859 6,962 7,438 6,050 1,802 1,062 2,118 4,348 11,064 Deposits 2,643,081 35,662 1,946,342 50,371 27,838 99,250 45,543 72,570 9,649 7,799 17,726 44,808 285,522 Term deposits held by depository institutions 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300 Other deposits held by depository institutions 2,465,932 35,650 1,772,680 50,347 27,835 99,069 45,031 71,441 9,639 7,697 17,635 44,700 284,209 U.S. Treasury, General Account 116,998 0 116,998 0 0 0 0 0 0 0 0 0 0 Foreign official 7,973 2 7,946 3 3 8 2 1 0 0 0 1 6 Other 38,646 5 38,428 21 0 148 10 23 0 0 1 2 8 Deferred availability cash items 793 0 0 0 0 0 622 0 0 171 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,593 38 927 41 29 77 113 86 28 15 29 68 142 Other liabilities and accrued dividends (16) 6,468 199 3,297 253 253 657 393 323 150 136 130 228 448 Total liabilities 3,953,077 74,106 2,484,240 89,992 83,877 203,352 206,028 151,823 43,073 21,591 46,449 116,316 432,232 Capital Capital paid in 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981 Surplus 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193 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, December 18, 2013 (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 Dec 18, 2013 Federal Reserve notes outstanding 1,410,913 Less: Notes held by F.R. Banks not subject to collateralization 221,737 Federal Reserve notes to be collateralized 1,189,176 Collateral held against Federal Reserve notes 1,189,176 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,172,940 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,739,919 Less: Face value of securities under reverse repurchase agreements 103,820 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,636,100 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.