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 For release at 4:30 P.M. EDT May 1, 2014 The weekly average values, shown in table 1, reflect the March 31, 2014, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of December 31, 2013, and the amounts for the last day of the reporting week are based on the values as of March 31, 2014. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 1, 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 30, 2014 Federal Reserve Banks Apr 30, 2014 Apr 23, 2014 May 1, 2013 Reserve Bank credit 4,250,522 + 4,566 + 984,421 4,252,828 Securities held outright (1) 4,023,886 + 4,954 + 989,852 4,027,112 U.S. Treasury securities 2,346,008 + 7,752 + 505,484 2,350,272 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,236,160 + 7,658 + 487,911 2,240,389 Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112 95,389 Inflation compensation (3) 14,459 + 94 + 2,460 14,494 Federal agency debt securities (2) 44,965 - 1,396 - 27,088 44,965 Mortgage-backed securities (4) 1,632,912 - 1,403 + 511,455 1,631,875 Unamortized premiums on securities held outright (5) 209,856 - 145 + 13,750 209,747 Unamortized discounts on securities held outright (5) -17,651 - 98 - 16,001 -17,703 Repurchase agreements (6) 0 0 0 0 Loans 161 + 53 - 244 121 Primary credit 59 + 49 + 49 13 Secondary credit 0 0 0 0 Seasonal credit 21 + 4 + 4 27 Term Asset-Backed Securities Loan Facility (7) 81 - 1 - 296 81 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,595 + 9 + 170 1,654 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 0 - 301 92 Float -579 - 56 + 110 -770 Central bank liquidity swaps (12) 300 - 107 - 8,276 300 Other Federal Reserve assets (13) 32,778 - 42 + 5,363 32,190 Foreign currency denominated assets (14) 24,168 + 44 + 517 24,225 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,776 + 14 + 747 45,776 Total factors supplying reserve funds 4,336,708 + 4,625 + 985,686 4,339,070 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 30, 2014 Federal Reserve Banks Apr 30, 2014 Apr 23, 2014 May 1, 2013 Currency in circulation (15) 1,270,600 + 507 + 90,204 1,272,362 Reverse repurchase agreements (16) 285,631 + 74,959 + 190,470 325,498 Foreign official and international accounts 110,671 + 5,630 + 15,510 117,276 Others 174,960 + 69,328 + 174,960 208,222 Treasury cash holdings 236 - 2 + 50 229 Deposits with F.R. Banks, other than reserve balances 107,182 - 39,219 - 70,505 163,827 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 84,126 - 27,268 - 72,928 148,343 Foreign official 7,786 + 688 - 2,172 7,826 Other (17) 15,269 - 12,639 + 4,594 7,659 Other liabilities and capital (18) 63,640 + 94 - 2,111 62,715 Total factors, other than reserve balances, absorbing reserve funds 1,727,290 + 36,339 + 208,109 1,824,632 Reserve balances with Federal Reserve Banks 2,609,418 - 31,714 + 777,577 2,514,438 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 30, 2014 Apr 30, 2014 Apr 23, 2014 May 1, 2013 Securities held in custody for foreign official and international accounts 3,279,197 - 15,649 - 15,854 3,288,409 Marketable U.S. Treasury securities (1) 2,944,178 - 12,892 - 1,550 2,952,480 Federal agency debt and mortgage-backed securities (2) 293,166 - 2,117 - 17,728 293,763 Other securities (3) 41,853 - 641 + 3,424 42,166 Securities lent to dealers 10,894 - 1,166 - 11,802 12,382 Overnight facility (4) 10,894 - 1,166 - 11,802 12,382 U.S. Treasury securities 9,907 - 1,060 - 11,773 11,378 Federal agency debt securities 987 - 107 - 29 1,004 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 30, 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) 29 26 65 0 0 ... 121 U.S. Treasury securities (2) Holdings 0 37 593 876,120 847,034 626,487 2,350,272 Weekly changes - 1 - 1 + 450 + 19,491 - 13,141 + 1,706 + 8,504 Federal agency debt securities (3) Holdings 883 1,955 6,232 33,548 0 2,347 44,965 Weekly changes + 883 - 360 - 523 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 6 3,402 1,628,467 1,631,875 Weekly changes 0 0 0 0 - 52 - 7,207 - 7,259 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) 0 300 0 0 0 0 300 Reverse repurchase agreements (6) 325,498 0 ... ... ... ... 325,498 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 30, 2014 Mortgage-backed securities held outright (1) 1,631,875 Commitments to buy mortgage-backed securities (2) 49,916 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 10 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 30, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,654 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 March 31, 2014. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Wednesday Apr 30, 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 March 31, 2014. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Wednesday Apr 30, 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 March 31, 2014. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Account name Wednesday Apr 30, 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 30, 2014 Wednesday Wednesday consolidation Apr 23, 2014 May 1, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,897 - 6 - 142 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,277 + 855 + 982,592 Securities held outright (1) 4,027,112 + 1,245 + 985,541 U.S. Treasury securities 2,350,272 + 8,504 + 502,289 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,240,389 + 8,410 + 484,731 Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112 Inflation compensation (3) 14,494 + 95 + 2,446 Federal agency debt securities (2) 44,965 0 - 27,088 Mortgage-backed securities (4) 1,631,875 - 7,259 + 510,340 Unamortized premiums on securities held outright (5) 209,747 - 328 + 13,403 Unamortized discounts on securities held outright (5) -17,703 - 77 - 16,054 Repurchase agreements (6) 0 0 0 Loans 121 + 15 - 298 Net portfolio holdings of Maiden Lane LLC (7) 1,654 + 69 + 226 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 - 301 Items in process of collection (0) 92 + 1 - 499 Bank premises 2,274 + 2 - 22 Central bank liquidity swaps (11) 300 - 107 - 8,276 Foreign currency denominated assets (12) 24,225 + 85 + 375 Other assets (13) 29,917 - 1,188 + 4,903 Total assets (0) 4,296,049 - 290 + 978,855 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 30, 2014 Wednesday Wednesday consolidation Apr 23, 2014 May 1, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,228,708 + 1,590 + 88,733 Reverse repurchase agreements (14) 325,498 + 68,966 + 230,217 Deposits (0) 2,678,265 - 71,222 + 662,998 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,514,438 - 69,277 + 700,834 U.S. Treasury, General Account 148,343 - 1,882 - 36,281 Foreign official 7,826 + 23 - 2,123 Other (15) (0) 7,659 - 84 + 568 Deferred availability cash items (0) 863 + 208 - 427 Other liabilities and accrued dividends (16) 6,588 + 158 - 3,637 Total liabilities (0) 4,239,922 - 300 + 977,885 Capital accounts Capital paid in 28,064 + 5 + 485 Surplus 28,064 + 5 + 485 Other capital accounts 0 0 0 Total capital 56,127 + 9 + 970 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 30, 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 1,897 32 89 122 122 324 231 272 22 46 149 169 319 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,219,277 85,346 2,589,645 101,078 92,119 235,817 233,235 172,447 52,043 25,873 55,583 128,559 447,531 Securities held outright (1) 4,027,112 81,461 2,471,695 96,477 87,926 225,078 222,616 164,594 49,672 24,680 53,046 122,707 427,160 U.S. Treasury securities 2,350,272 47,542 1,442,511 56,305 51,315 131,358 129,922 96,059 28,989 14,403 30,959 71,613 249,296 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,350,272 47,542 1,442,511 56,305 51,315 131,358 129,922 96,059 28,989 14,403 30,959 71,613 249,296 Federal agency debt securities (2) 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769 Mortgage-backed securities (4) 1,631,875 33,010 1,001,585 39,095 35,629 91,207 90,209 66,697 20,128 10,001 21,496 49,724 173,095 Unamortized premiums on securities held outright (5) 209,747 4,243 128,735 5,025 4,580 11,723 11,595 8,573 2,587 1,285 2,763 6,391 22,248 Unamortized discounts on securities held outright (5) -17,703 -358 -10,865 -424 -387 -989 -979 -724 -218 -108 -233 -539 -1,878 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 121 0 81 0 0 6 3 4 2 16 7 0 1 Net portfolio holdings of Maiden Lane LLC (7) 1,654 0 1,654 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 92 0 0 0 0 0 92 0 0 0 0 0 0 Bank premises 2,274 122 434 74 109 225 210 200 125 98 245 230 202 Central bank liquidity swaps (11) 300 14 96 23 24 63 17 8 3 1 3 5 43 Foreign currency denominated assets (12) 24,225 1,101 7,800 1,820 1,925 5,049 1,392 669 204 102 255 405 3,503 Other assets (13) 29,917 648 18,001 724 660 1,843 1,657 1,222 445 260 421 922 3,114 Interdistrict settlement account 0 + 17,434 + 5,515 + 3,943 - 5,665 - 1,968 + 13,098 - 21,549 - 8,721 - 2,235 - 5,385 + 685 + 4,847 Total assets 4,296,049 105,245 2,629,354 108,332 89,995 242,589 251,935 154,399 44,548 24,409 51,715 132,138 461,391 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 30, 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 1,458,995 44,554 517,594 43,429 61,884 103,627 211,793 91,881 36,699 21,565 38,005 117,587 170,378 Less: Notes held by F.R. Banks 230,287 4,561 78,328 5,533 8,523 11,017 22,968 14,898 4,858 6,004 6,599 35,431 31,565 Federal Reserve notes, net 1,228,708 39,993 439,266 37,896 53,361 92,609 188,825 76,983 31,840 15,560 31,406 82,155 138,813 Reverse repurchase agreements (14) 325,498 6,584 199,779 7,798 7,107 18,192 17,993 13,304 4,015 1,995 4,288 9,918 34,526 Deposits 2,678,265 55,937 1,968,740 58,167 24,869 119,673 40,790 62,254 8,041 6,331 15,306 38,898 279,258 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 2,514,438 55,935 1,805,174 58,136 24,866 119,479 40,781 62,245 8,040 6,331 15,304 38,896 279,252 U.S. Treasury, General Account 148,343 0 148,343 0 0 0 0 0 0 0 0 0 0 Foreign official 7,826 2 7,798 3 3 8 2 1 0 0 0 1 6 Other (15) 7,659 1 7,426 27 0 186 6 8 0 0 1 2 1 Deferred availability cash items 863 0 0 0 0 0 691 0 0 171 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (16) 2,102 39 1,318 47 45 122 120 79 21 12 22 61 216 Other liabilities and accrued dividends (17) 4,486 155 1,894 204 202 525 322 253 130 108 112 182 398 Total liabilities 4,239,922 102,709 2,610,998 104,112 85,584 231,123 248,742 152,873 44,046 24,178 51,133 131,214 453,211 Capital Capital paid in 28,064 1,268 9,178 2,110 2,206 5,733 1,597 763 251 116 291 462 4,090 Surplus 28,064 1,268 9,178 2,110 2,206 5,733 1,597 763 251 116 291 462 4,090 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,296,049 105,245 2,629,354 108,332 89,995 242,589 251,935 154,399 44,548 24,409 51,715 132,138 461,391 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 30, 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 30, 2014 Federal Reserve notes outstanding 1,458,995 Less: Notes held by F.R. Banks not subject to collateralization 230,287 Federal Reserve notes to be collateralized 1,228,708 Collateral held against Federal Reserve notes 1,228,708 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,212,471 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,027,112 Less: Face value of securities under reverse repurchase agreements 310,428 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,716,684 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.