FRB: H.4.1 Release--Factors Affecting Reserve Balances--June 26, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks June 26, 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 25, 2014
Federal Reserve Banks Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Reserve Bank credit 4,332,168 + 9,746 + 889,307 4,325,612
Securities held outright (1) 4,109,497 + 9,008 + 896,399 4,104,528
U.S. Treasury securities 2,394,367 + 5,850 + 471,101 2,396,972
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,281,913 + 5,645 + 454,271 2,284,487
Notes and bonds, inflation-indexed (2) 96,771 + 100 + 13,745 96,771
Inflation compensation (3) 15,683 + 105 + 3,085 15,715
Federal agency debt securities (2) 43,659 - 363 - 26,999 43,659
Mortgage-backed securities (4) 1,671,470 + 3,519 + 452,296 1,663,897
Unamortized premiums on securities held outright (5) 209,758 - 74 + 5,696 209,464
Unamortized discounts on securities held outright (5) -18,398 - 87 - 16,187 -18,433
Repurchase agreements (6) 0 0 - 87 0
Loans 204 + 37 - 163 274
Primary credit 30 + 12 + 6 83
Secondary credit 0 0 0 0
Seasonal credit 125 + 25 + 45 141
Term Asset-Backed Securities Loan Facility (7) 50 0 - 214 49
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,654 0 + 235 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) 90 0 - 191 90
Float -486 + 130 + 149 -525
Central bank liquidity swaps (12) 124 - 52 - 1,356 124
Other Federal Reserve assets (13) 29,641 + 784 + 4,815 28,351
Foreign currency denominated assets (14) 23,944 + 62 + 219 24,010
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,926 + 14 + 795 45,926

Total factors supplying reserve funds 4,418,280 + 9,823 + 890,321 4,411,790

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 25, 2014
Federal Reserve Banks Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Currency in circulation (15) 1,278,520 - 328 + 87,987 1,280,096
Reverse repurchase agreements (16) 213,745 + 37,589 + 125,166 222,743
Foreign official and international accounts 103,437 - 969 + 14,858 103,070
Others 110,308 + 38,558 + 110,308 119,673
Treasury cash holdings 161 - 17 + 44 146
Deposits with F.R. Banks, other than reserve balances 220,960 + 36,700 + 16,736 217,354
Term deposits held by depository institutions 92,690 + 14,921 + 92,690 92,690
U.S. Treasury, General Account 107,244 + 22,769 + 10,032 108,064
Foreign official 5,960 + 9 - 4,073 5,952
Other (17) 15,067 - 997 - 81,912 10,648
Other liabilities and capital (18) 64,590 - 500 + 1,840 63,396

Total factors, other than reserve balances,
absorbing reserve funds 1,777,977 + 73,445 + 231,773 1,783,735

Reserve balances with Federal Reserve Banks 2,640,303 - 63,622 + 658,549 2,628,055

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 25, 2014
Jun 25, 2014 Jun 18, 2014 Jun 26, 2013

Securities held in custody for foreign official and
international accounts 3,315,003 + 8,586 + 24,606 3,305,524
Marketable U.S. Treasury securities (1) 2,980,630 + 8,414 + 32,144 2,971,818
Federal agency debt and mortgage-backed securities (2) 292,953 + 308 - 10,566 292,279
Other securities (3) 41,420 - 136 + 3,029 41,427
Securities lent to dealers 13,286 + 596 - 6,718 14,163
Overnight facility (4) 13,286 + 596 - 6,718 14,163
U.S. Treasury securities 12,225 + 574 - 6,945 13,003
Federal agency debt securities 1,062 + 22 + 228 1,160

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 25, 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) 224 16 34 0 0 ... 274
U.S. Treasury securities (2)
Holdings 1 46 1,995 931,888 821,260 641,782 2,396,972
Weekly changes 0 0 0 + 11 + 4,399 + 1,085 + 5,495
Federal agency debt securities (3)
Holdings 0 3,653 4,111 33,548 0 2,347 43,659
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,725 1,660,162 1,663,897
Weekly changes 0 0 0 0 - 58 - 4,431 - 4,489
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) 0 124 0 0 0 0 124

Reverse repurchase agreements (6) 222,743 0 ... ... ... ... 222,743
Term deposits 92,690 0 0 ... ... ... 92,690

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 25, 2014

Mortgage-backed securities held outright (1) 1,663,897

Commitments to buy mortgage-backed securities (2) 53,970
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 30

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 25, 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 25, 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 25, 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
Jun 25, 2014

Asset-backed securities holdings (1) 0
Other investments, net 90
Net portfolio holdings of TALF LLC 90

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 25, 2014 Wednesday Wednesday
consolidation Jun 18, 2014 Jun 26, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,893 - 3 - 87
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,295,834 + 687 + 886,797
Securities held outright (1) 4,104,528 + 1,006 + 897,339
U.S. Treasury securities 2,396,972 + 5,495 + 468,556
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,284,487 + 5,409 + 451,687
Notes and bonds, inflation-indexed (2) 96,771 0 + 13,745
Inflation compensation (3) 15,715 + 87 + 3,126
Federal agency debt securities (2) 43,659 0 - 26,999
Mortgage-backed securities (4) 1,663,897 - 4,489 + 455,781
Unamortized premiums on securities held outright
(5) 209,464 - 337 + 5,681
Unamortized discounts on securities held outright
(5) -18,433 - 90 - 16,113
Repurchase agreements (6) 0 0 0
Loans 274 + 106 - 110
Net portfolio holdings of Maiden Lane LLC (7) 1,654 0 + 236
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) 90 0 - 191
Items in process of collection (0) 66 - 40 - 42
Bank premises 2,263 0 - 36
Central bank liquidity swaps (11) 124 - 52 - 1,356
Foreign currency denominated assets (12) 24,010 + 116 + 368
Other assets (13) 26,093 - 528 + 3,988

Total assets (0) 4,368,348 + 180 + 889,676

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 25, 2014 Wednesday Wednesday
consolidation Jun 18, 2014 Jun 26, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,236,205 + 433 + 85,870
Reverse repurchase agreements (14) 222,743 + 31,318 + 134,050
Deposits (0) 2,845,413 - 31,495 + 667,859
Term deposits held by depository institutions 92,690 + 14,921 + 92,690
Other deposits held by depository institutions 2,628,060 - 9,525 + 610,331
U.S. Treasury, General Account 108,064 - 39,555 + 13,793
Foreign official 5,952 + 1 - 4,062
Other (15) (0) 10,648 + 2,664 - 44,892
Deferred availability cash items (0) 591 - 136 - 281
Other liabilities and accrued dividends (16) 7,074 + 50 + 832

Total liabilities (0) 4,312,026 + 170 + 888,330

Capital accounts
Capital paid in 28,161 + 5 + 673
Surplus 28,161 + 5 + 673
Other capital accounts 0 0 0

Total capital 56,321 + 9 + 1,344

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 25, 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 1,893 33 82 120 118 318 220 276 23 47 152 180 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,295,834 86,892 2,636,507 102,909 93,787 240,082 237,480 175,579 53,016 26,378 56,591 130,896 455,717
Securities held outright (1) 4,104,528 83,027 2,519,210 98,332 89,616 229,405 226,896 167,758 50,627 25,154 54,066 125,066 435,372
U.S. Treasury securities 2,396,972 48,487 1,471,174 57,424 52,334 133,968 132,503 97,968 29,565 14,689 31,574 73,036 254,249
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,396,972 48,487 1,471,174 57,424 52,334 133,968 132,503 97,968 29,565 14,689 31,574 73,036 254,249
Federal agency debt securities (2) 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631
Mortgage-backed securities (4) 1,663,897 33,658 1,021,239 39,862 36,329 92,996 91,979 68,006 20,523 10,197 21,917 50,699 176,491
Unamortized premiums on securities held
outright (5) 209,464 4,237 128,561 5,018 4,573 11,707 11,579 8,561 2,584 1,284 2,759 6,382 22,218
Unamortized discounts on securities
held outright (5) -18,433 -373 -11,313 -442 -402 -1,030 -1,019 -753 -227 -113 -243 -562 -1,955
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 274 0 50 0 0 0 24 14 33 54 8 9 83
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) 90 0 90 0 0 0 0 0 0 0 0 0 0
Items in process of collection 66 0 0 0 0 0 65 0 0 1 0 0 0
Bank premises 2,263 122 430 74 110 223 210 198 125 98 244 227 202
Central bank liquidity swaps (11) 124 6 40 9 10 26 7 3 1 1 1 2 18
Foreign currency denominated assets (12) 24,010 1,092 7,724 1,805 1,909 5,006 1,380 663 202 101 253 401 3,474
Other assets (13) 26,093 569 15,661 628 572 1,616 1,431 1,061 374 229 366 888 2,697
Interdistrict settlement account 0 + 25,992 + 47,286 - 4,351 - 6,608 - 10,498 + 5,937 - 32,065 - 11,535 - 3,593 - 5,998 - 6,262 + 1,695

Total assets 4,368,348 115,252 2,715,502 101,742 90,599 238,010 248,734 146,845 42,634 23,525 52,053 127,494 465,959

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 25, 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 1,452,467 45,267 503,904 43,100 64,234 105,586 212,729 92,964 36,589 21,370 37,580 116,106 173,040
Less: Notes held by F.R. Banks 216,263 5,088 68,006 6,270 9,364 11,478 22,129 15,432 5,119 5,076 5,811 31,990 30,499
Federal Reserve notes, net 1,236,205 40,179 435,898 36,830 54,869 94,107 190,599 77,532 31,470 16,294 31,769 84,116 142,541
Reverse repurchase agreements (14) 222,743 4,506 136,712 5,336 4,863 12,449 12,313 9,104 2,747 1,365 2,934 6,787 23,627
Deposits 2,845,413 67,781 2,121,316 55,056 26,136 119,158 41,583 58,314 7,764 5,433 16,606 35,393 290,874
Term deposits held by depository
institutions 92,690 50 80,447 5 1,740 47 205 6,180 65 42 4 205 3,700
Other deposits held by depository
institutions 2,628,060 67,728 1,916,386 55,020 24,392 118,997 41,369 52,127 7,698 5,391 16,600 35,186 287,166
U.S. Treasury, General Account 108,064 0 108,064 0 0 0 0 0 0 0 0 0 0
Foreign official 5,952 2 5,925 3 3 8 2 1 0 0 0 1 6
Other (15) 10,648 1 10,495 28 0 106 7 7 0 0 1 1 3
Deferred availability cash items 591 0 0 0 0 0 521 0 0 70 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,940 38 1,173 49 49 128 106 79 16 9 23 62 208
Other liabilities and accrued
dividends (17) 5,134 191 2,015 245 243 641 387 288 141 119 135 210 517

Total liabilities 4,312,026 112,694 2,697,114 97,516 86,160 226,483 245,510 145,318 42,138 23,290 51,467 126,568 457,767

Capital
Capital paid in 28,161 1,279 9,194 2,113 2,219 5,763 1,612 764 248 117 293 463 4,096
Surplus 28,161 1,279 9,194 2,113 2,219 5,763 1,612 764 248 117 293 463 4,096
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,368,348 115,252 2,715,502 101,742 90,599 238,010 248,734 146,845 42,634 23,525 52,053 127,494 465,959

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 25, 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 25, 2014

Federal Reserve notes outstanding 1,452,467
Less: Notes held by F.R. Banks not subject to collateralization 216,263
Federal Reserve notes to be collateralized 1,236,205
Collateral held against Federal Reserve notes 1,236,205
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,219,968
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,104,528
Less: Face value of securities under reverse repurchase agreements 216,732
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,887,796

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