FRB: H.4.1 Release--Factors Affecting Reserve Balances--January 9, 2014

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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 8, 2014
Federal Reserve Banks Jan 8, 2014 Jan 1, 2014 Jan 9, 2013

Reserve Bank credit 3,982,685 + 1,173 +1,103,357 3,985,572
Securities held outright (1) 3,756,477 + 305 +1,081,670 3,758,748
U.S. Treasury securities 2,209,537 + 746 + 538,156 2,212,924
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,104,670 + 798 + 518,877 2,108,075
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639 91,379
Inflation compensation (3) 13,488 - 52 + 2,640 13,470
Federal agency debt securities (2) 56,774 - 447 - 19,949 55,657
Mortgage-backed securities (4) 1,490,166 + 6 + 563,463 1,490,167
Unamortized premiums on securities held outright (5) 208,343 - 354 + 37,491 208,249
Unamortized discounts on securities held outright (5) -12,403 - 46 - 10,847 -12,642
Repurchase agreements (6) 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 Facility (7) 97 0 - 459 97
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,541 0 + 128 1,541
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) 108 - 1 - 748 107
Float -654 - 85 + 212 -633
Central bank liquidity swaps (12) 261 - 11 - 8,730 259
Other Federal Reserve assets (13) 28,796 + 1,409 + 4,614 29,736
Foreign currency denominated assets (14) 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 outstanding (15) 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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 8, 2014
Federal Reserve Banks Jan 8, 2014 Jan 1, 2014 Jan 9, 2013

Currency in circulation (15) 1,237,425 - 3,074 + 73,053 1,234,100
Reverse repurchase agreements (16) 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 capital (17) 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
Week ended Change from week ended Jan 8, 2014
Jan 8, 2014 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 securities (1) 2,997,202 - 1,437 + 96,378 2,995,275
Federal agency debt and mortgage-backed securities (2) 311,909 + 120 + 1,483 311,218
Other securities (3) 43,434 + 21 + 7,502 43,447
Securities lent to dealers 12,818 - 1,952 + 5,595 10,987
Overnight facility (4) 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 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) 5 19 64 33 0 ... 121
U.S. Treasury securities (2)
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 securities (3)
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 securities (4)
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 LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 0 259 0 0 0 0 259

Reverse repurchase agreements (6) 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 outright (1) 1,490,167

Commitments to buy mortgage-backed securities (2) 70,929
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 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 LLC (1) 1,541

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
Jan 8, 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 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 LLC (1) 22

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 8, 2014

Asset-backed securities holdings (1) 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 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 Jan 8, 2014 Wednesday Wednesday
consolidation 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 outright (1) 3,758,748 + 2,590 +1,079,368
U.S. Treasury securities 2,212,924 + 4,149 + 536,617
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,108,075 + 4,204 + 517,323
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639
Inflation compensation (3) 13,470 - 55 + 2,655
Federal agency debt securities (2) 55,657 - 1,564 - 20,704
Mortgage-backed securities (4) 1,490,167 + 5 + 563,455
Unamortized premiums on securities held outright
(5) 208,249 - 361 + 37,316
Unamortized discounts on securities held outright
(5) -12,642 - 290 - 11,044
Repurchase agreements (6) 0 0 0
Loans 121 - 50 - 438
Net portfolio holdings of Maiden Lane LLC (7) 1,541 0 + 127
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) 107 - 2 - 749
Items in process of collection (0) 132 - 33 - 20
Bank premises 2,286 - 3 - 46
Central bank liquidity swaps (11) 259 - 13 - 8,732
Foreign currency denominated assets (12) 23,641 - 180 - 1,069
Other assets (13) 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 Wednesday Change since
from Jan 8, 2014 Wednesday Wednesday
consolidation 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 agreements (14) 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 dividends (15) 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 outright (1) 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
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 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 securities (2) 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 securities (4) 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
outright (5) 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 outright (5) -12,642 -331 -7,010 -366 -323 -786 -840 -683 -203 -120 -239 -491 -1,249
Repurchase agreements (6) 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 LLC (7) 1,541 0 1,541 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) 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 swaps (11) 259 13 83 20 20 54 15 7 2 1 3 4 37
Foreign currency denominated assets (12) 23,641 1,162 7,560 1,828 1,844 4,964 1,347 674 197 99 239 375 3,353
Other assets (13) 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 agreements (14) 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. Treasury (15) 1,999 50 1,144 48 47 92 138 122 30 19 39 83 188
Other liabilities and accrued
dividends (16) 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 pledged (1,2) 1,174,523
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 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.

Statistical releases