Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: June 5, 2014
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FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. 
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     June 5, 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   Jun 4, 2014 
Federal Reserve Banks                                      Jun 4, 2014 May 28, 2014  Jun 5, 2013              

Reserve Bank credit                                         4,284,873   +      255   +  935,079    4,288,107  
  Securities held outright (1)                              4,067,250   +    1,063   +  940,348    4,070,251  
    U.S. Treasury securities                                2,375,185   +    6,669   +  484,148    2,378,186  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,263,829   +    6,542   +  467,071    2,266,790  
      Notes and bonds, inflation-indexed (2)                   96,068            0   +   14,422       96,068  
      Inflation compensation (3)                               15,288   +      127   +    2,655       15,328  
    Federal agency debt securities (2)                         44,082            0   -   26,808       44,082  
    Mortgage-backed securities (4)                          1,647,983   -    5,606   +  483,008    1,647,983  
  Unamortized premiums on securities held outright (5)        209,302   -      350   +    8,369      209,310  
  Unamortized discounts on securities held outright (5)       -18,079   -      162   -   16,278      -18,114  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           157   +        9   -      168          164  
    Primary credit                                                 16   +        1   +        8            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                61   +        8   +       14           81  
    Term Asset-Backed Securities Loan Facility (7)                 79            0   -      192           79  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,655   -        1   +      231        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)                          91            0   -      297           91  
  Float                                                          -613   -       85   +      202         -729  
  Central bank liquidity swaps (12)                               174            0   -    1,597          174  
  Other Federal Reserve assets (13)                            24,851   -      219   +    4,269       25,222  
Foreign currency denominated assets (14)                       23,978   +        1   +      545       23,901  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,875   +       14   +      791       45,875  
                                                                                                              
Total factors supplying reserve funds                       4,370,967   +      271   +  936,415    4,374,124  

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   Jun 4, 2014 
Federal Reserve Banks                                      Jun 4, 2014 May 28, 2014  Jun 5, 2013              

Currency in circulation (15)                                 1,280,467   +       18   +   89,774    1,280,889 
Reverse repurchase agreements (16)                             256,402   -   36,239   +  161,459      232,954 
  Foreign official and international accounts                  108,126   +      454   +   13,183      105,553 
  Others                                                       148,277   -   36,692   +  148,277      127,401 
Treasury cash holdings                                             187   -       16   +       37          190 
Deposits with F.R. Banks, other than reserve balances           90,625   -   13,125   +   23,713       88,760 
  Term deposits held by depository institutions                 42,904   +   15,329   +   32,408       42,904 
  U.S. Treasury, General Account                                33,895   +      322   +    3,665       31,902 
  Foreign official                                               7,793   +        7   -    3,401        7,779 
  Other (17)                                                     6,033   -   28,783   -    8,958        6,175 
Other liabilities and capital (18)                              64,215   -      238   +      942       63,267 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,691,895   -   49,602   +  275,925    1,666,060 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,679,071   +   49,872   +  660,489    2,708,064 

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   Jun 4, 2014 
                                                           Jun 4, 2014 May 28, 2014  Jun 5, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,295,568   +   16,678   -   16,827    3,306,633 
  Marketable U.S. Treasury securities (1)                    2,959,908   +   16,571   -   11,984    2,970,736 
  Federal agency debt and mortgage-backed securities (2)       294,138   +      298   -    8,323      294,309 
  Other securities (3)                                          41,522   -      190   +    3,480       41,588 
Securities lent to dealers                                      10,569   +    1,030   -    8,762       12,621 
  Overnight facility (4)                                        10,569   +    1,030   -    8,762       12,621 
    U.S. Treasury securities                                     9,527   +    1,030   -    8,767       11,484 
    Federal agency debt securities                               1,041   -        1   +        5        1,137 

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, June 4, 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)                                       18            82            64             0             0           ...           164 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            47         1,994       926,143       814,320       635,680     2,378,186 
  Weekly changes                        -       37    +        5    -        5    +   17,472    -   12,533    +    2,558    +    7,462 
Federal agency debt securities (3)                                                                                                     
  Holdings                                     423         2,097         5,667        33,548             0         2,347        44,082 
  Weekly changes                        +      423    -      423             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             9         3,696     1,644,278     1,647,983 
  Weekly changes                                 0             0             0    +        1    +       31    -       31    +        1 
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)                50           124             0             0             0             0           174 
                                                                                                                                       
Reverse repurchase agreements (6)          232,954             0           ...           ...           ...           ...       232,954 
Term deposits                               42,904             0             0           ...           ...           ...        42,904 

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   
                                                                                                                       Jun 4, 2014  

Mortgage-backed securities held outright (1)                                                                             1,647,983  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           61,049  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    6  



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   
                                                                                                                       Jun 4, 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   
                                                                                                                       Jun 4, 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   
                                                                                                                       Jun 4, 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   
                                                                                                                       Jun 4, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          91  
Net portfolio holdings of TALF LLC                                                                                              91  
                                                                                                                                    
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        Jun 4, 2014   Wednesday    Wednesday  
                                                        consolidation                May 28, 2014  Jun 5, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,858   -        6   -      110  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,261,610   +    7,230   +  928,372  
    Securities held outright (1)                                          4,070,251   +    7,463   +  936,361  
      U.S. Treasury securities                                            2,378,186   +    7,462   +  480,176  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,266,790   +    7,344   +  463,050  
        Notes and bonds, inflation-indexed (2)                               96,068            0   +   14,422  
        Inflation compensation (3)                                           15,328   +      118   +    2,704  
      Federal agency debt securities (2)                                     44,082            0   -   26,808  
      Mortgage-backed securities (4)                                      1,647,983   +        1   +  482,992  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,310   -      102   +    8,388  
    Unamortized discounts on securities held outright 
    (5)                                                                     -18,114   -      156   -   16,212  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       164   +       27   -      163  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,654   -        2   +      230  
  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)                                        91            0   -      297  
  Items in process of collection                                   (0)           85   -       44   -        2  
  Bank premises                                                               2,261   -       10   -       36  
  Central bank liquidity swaps (11)                                             174            0   -    1,597  
  Foreign currency denominated assets (12)                                   23,901   -       53   +      343  
  Other assets (13)                                                          22,961   +    1,148   +    3,832  
                                                                                                               
Total assets                                                       (0)    4,330,917   +    8,263   +  930,734  

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        Jun 4, 2014   Wednesday    Wednesday  
                                                        consolidation                May 28, 2014  Jun 5, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,237,058   -      920   +   89,538 
  Reverse repurchase agreements (14)                                         232,954   -   45,251   +  138,675 
  Deposits                                                          (0)    2,796,824   +   54,806   +  702,038 
    Term deposits held by depository institutions                             42,904   +   15,329   +   32,408 
    Other deposits held by depository institutions                         2,708,064   +   30,766   +  681,807 
    U.S. Treasury, General Account                                            31,902   +    8,952   -    9,123 
    Foreign official                                                           7,779   -        9   -    3,403 
    Other (15)                                                      (0)        6,175   -      231   +      350 
  Deferred availability cash items                                  (0)          814   -      137   -      166 
  Other liabilities and accrued dividends (16)                                 6,954   -      208   -      646 
                                                                                                               
Total liabilities                                                   (0)    4,274,604   +    8,291   +  929,440 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,156   -       15   +      647 
  Surplus                                                                     28,156   -       15   +      647 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,313   -       29   +    1,295 

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, June 4, 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                                             1,858          31          82          118         118         315         219         273          21          44         148         173         316
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,261,610      86,202   2,615,600      102,091      93,042     238,175     235,583     174,182      52,572      26,151      56,141     129,850     452,022
    Securities held outright (1)               4,070,251      82,334   2,498,171       97,511      88,868     227,489     225,001     166,357      50,204      24,944      53,615     124,022     431,736
      U.S. Treasury securities                 2,378,186      48,107   1,459,644       56,974      51,924     132,918     131,465      97,200      29,333      14,574      31,326      72,464     252,257
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,378,186      48,107   1,459,644       56,974      51,924     132,918     131,465      97,200      29,333      14,574      31,326      72,464     252,257
      Federal agency debt securities (2)          44,082         892      27,056        1,056         962       2,464       2,437       1,802         544         270         581       1,343       4,676
      Mortgage-backed securities (4)           1,647,983      33,336   1,011,472       39,481      35,981      92,107      91,100      67,355      20,327      10,099      21,708      50,214     174,803
    Unamortized premiums on securities held 
      outright (5)                               209,310       4,234     128,467        5,014       4,570      11,698      11,571       8,555       2,582       1,283       2,757       6,378      22,202
    Unamortized discounts on securities     
      held outright (5)                          -18,114        -366     -11,118         -434        -395      -1,012      -1,001        -740        -223        -111        -239        -552      -1,921
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            164           0          79            0           0           0          13          10          10          35           8           3           6
  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)             91           0          91            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      85           0           0            0           0           0          84           0           0           0           0           0           0
  Bank premises                                    2,261         122         430           73         110         224         209         199         125          98         244         226         201
  Central bank liquidity swaps (11)                  174           8          56           13          14          36          10           5           1           1           2           3          25
  Foreign currency denominated assets (12)        23,901       1,087       7,689        1,797       1,900       4,983       1,374         660         201         101         252         400       3,458
  Other assets (13)                               22,961         498      13,694          675         501       1,441       1,268         933         334         211         323         718       2,365
  Interdistrict settlement account                     0  +   17,768  -   24,446   +    4,709  -    3,255  -       71  +   15,031  -   22,094  -    8,545  -    2,477  -    3,447  +    2,620  +   24,206
                                                                                                                                                                                                         
Total assets                                   4,330,917     106,262   2,620,877      110,025      93,131     246,341     255,781     155,287      45,138      24,392      54,107     135,151     484,424

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, June 4, 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            1,456,854      45,483     508,932      43,443      63,336     105,550     213,078      93,186      36,702      21,536      37,810     116,634     171,165
    Less: Notes held by F.R. Banks               219,796       4,709      71,598       6,033       9,271      11,358      22,010      15,247       4,775       5,531       6,220      32,168      30,875
      Federal Reserve notes, net               1,237,058      40,774     437,335      37,410      54,065      94,192     191,067      77,939      31,926      16,005      31,591      84,465     140,289
  Reverse repurchase agreements (14)             232,954       4,712     142,979       5,581       5,086      13,020      12,878       9,521       2,873       1,428       3,069       7,098      24,710
  Deposits                                     2,796,824      58,016   2,018,918      62,514      29,275     126,907      47,366      65,941       9,680       6,545      18,713      42,395     310,553
    Term deposits held by depository        
        institutions                              42,904           0      34,137           1           0          20         355       5,105          45          42          89         205       2,905
    Other deposits held by depository       
        institutions                           2,708,064      58,014   1,939,140      62,476      29,272     126,745      47,001      60,827       9,635       6,503      18,622      42,187     307,641
    U.S. Treasury, General Account                31,902           0      31,902           0           0           0           0           0           0           0           0           0           0
    Foreign official                               7,779           2       7,752           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     6,175           1       5,987          34           0         134           7           8           0           0           1           3           1
  Deferred availability cash items                   814           0           0           0           0           0         758           0           0          56           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,993          25       1,249          68          37          76         127          84          25          10          20          64         209
  Other liabilities and accrued             
     dividends (17)                                4,961         174       2,014         227         229         620         367         276         138         114         129         202         472
                                                                                                                                                                                                        
Total liabilities                              4,274,604     103,701   2,602,494     105,799      88,692     234,815     252,564     153,760      44,643      24,158      53,521     134,224     476,233
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,156       1,281       9,191       2,113       2,219       5,763       1,609         763         247         117         293         464       4,095
  Surplus                                         28,156       1,281       9,191       2,113       2,219       5,763       1,609         763         247         117         293         464       4,095
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,330,917     106,262   2,620,877     110,025      93,131     246,341     255,781     155,287      45,138      24,392      54,107     135,151     484,424

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, June 4, 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   
                                                                                           Jun 4, 2014  

Federal Reserve notes outstanding                                                            1,456,854  
  Less: Notes held by F.R. Banks not subject to collateralization                              219,796  
    Federal Reserve notes to be collateralized                                               1,237,058  
Collateral held against Federal Reserve notes                                                1,237,058  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,220,821  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,070,251  
  Less: Face value of securities under reverse repurchase agreements                           230,873  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,839,377  

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


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 


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