FEDERAL RESERVE statistical release For release at 4:30 P.M. EDT July 31, 2014 The weekly average values, shown in table 1, reflect the June 30, 2014, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of March 31, 2014, and the amounts for the last day of the reporting week are based on the values as of June 30, 2014. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 31, 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 Jul 30, 2014 Federal Reserve Banks Jul 30, 2014 Jul 23, 2014 Jul 31, 2013 Reserve Bank credit 4,363,781 + 156 + 839,570 4,364,206 Securities held outright (1) 4,137,038 + 426 + 846,199 4,136,776 U.S. Treasury securities 2,418,835 + 6,317 + 441,467 2,420,285 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,305,328 + 6,227 + 425,290 2,306,746 Notes and bonds, inflation-indexed (2) 97,327 0 + 12,921 97,327 Inflation compensation (3) 16,180 + 89 + 3,256 16,212 Federal agency debt securities (2) 42,426 - 224 - 24,095 42,127 Mortgage-backed securities (4) 1,675,777 - 5,666 + 428,827 1,674,363 Unamortized premiums on securities held outright (5) 209,221 - 285 + 4,990 209,240 Unamortized discounts on securities held outright (5) -18,601 - 52 - 15,476 -18,615 Repurchase agreements (6) 0 0 0 0 Loans 245 - 5 - 106 255 Primary credit 11 0 0 25 Secondary credit 0 0 0 0 Seasonal credit 200 + 11 + 71 197 Term Asset-Backed Securities Loan Facility (7) 34 - 15 - 177 34 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,654 - 7 + 229 1,660 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) 60 0 - 208 60 Float -558 - 14 + 96 -564 Central bank liquidity swaps (12) 75 - 2 - 1,404 75 Other Federal Reserve assets (13) 34,563 + 94 + 5,252 35,234 Foreign currency denominated assets (14) 23,763 - 138 - 79 23,632 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 46,006 + 14 + 781 46,006 Total factors supplying reserve funds 4,449,791 + 32 + 840,272 4,450,085 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 Jul 30, 2014 Federal Reserve Banks Jul 30, 2014 Jul 23, 2014 Jul 31, 2013 Currency in circulation (15) 1,283,804 + 101 + 88,791 1,285,927 Reverse repurchase agreements (16) 207,414 - 13,123 + 118,144 228,730 Foreign official and international accounts 107,888 + 3,450 + 18,618 112,973 Others 99,527 - 16,572 + 99,527 115,757 Treasury cash holdings 136 - 2 0 140 Deposits with F.R. Banks, other than reserve balances 86,011 - 2,990 - 20,972 87,083 Term deposits held by depository institutions 0 0 - 11,913 0 U.S. Treasury, General Account 62,335 - 1,803 + 2,272 70,123 Foreign official 6,571 + 6 - 3,864 6,565 Other (17) 17,105 - 1,194 - 7,467 10,395 Other liabilities and capital (18) 63,423 - 654 - 172 62,413 Total factors, other than reserve balances, absorbing reserve funds 1,640,788 - 16,669 + 185,791 1,664,293 Reserve balances with Federal Reserve Banks 2,809,004 + 16,702 + 654,482 2,785,792 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 Jul 30, 2014 Jul 30, 2014 Jul 23, 2014 Jul 31, 2013 Securities held in custody for foreign official and international accounts 3,309,299 - 1,479 + 44,574 3,304,175 Marketable U.S. Treasury securities (1) 2,977,593 - 1,344 + 59,606 2,972,195 Federal agency debt and mortgage-backed securities (2) 289,166 - 136 - 20,549 289,361 Other securities (3) 42,540 + 2 + 5,517 42,618 Securities lent to dealers 9,753 - 741 + 710 8,382 Overnight facility (4) 9,753 - 741 + 710 8,382 U.S. Treasury securities 8,625 - 769 + 418 7,405 Federal agency debt securities 1,128 + 27 + 292 977 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, July 30, 2014 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans (1) 200 42 14 0 0 ... 255 U.S. Treasury securities (2) Holdings 40 7 1,995 968,273 800,501 649,470 2,420,285 Weekly changes 0 0 0 + 15,668 - 10,501 + 1,502 + 6,669 Federal agency debt securities (3) Holdings 565 1,862 4,607 32,746 0 2,347 42,127 Weekly changes + 42 - 565 0 0 0 0 - 523 Mortgage-backed securities (4) Holdings 0 0 0 10 3,881 1,670,473 1,674,363 Weekly changes 0 0 0 0 - 63 - 9,838 - 9,902 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) 75 0 0 0 0 0 75 Reverse repurchase agreements (6) 228,730 0 ... ... ... ... 228,730 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Jul 30, 2014 Mortgage-backed securities held outright (1) 1,674,363 Commitments to buy mortgage-backed securities (2) 61,965 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 65 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 Jul 30, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,660 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 June 30, 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 Jul 30, 2014 Net portfolio holdings of Maiden Lane II LLC (1) 63 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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 Jul 30, 2014 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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 Jul 30, 2014 Asset-backed securities holdings (1) 0 Other investments, net 60 Net portfolio holdings of TALF LLC 60 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 Jul 30, 2014 Wednesday Wednesday consolidation Jul 23, 2014 Jul 31, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,917 0 - 52 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,327,656 - 4,193 + 830,566 Securities held outright (1) 4,136,776 - 3,755 + 840,884 U.S. Treasury securities 2,420,285 + 6,669 + 437,878 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,306,746 + 6,580 + 421,683 Notes and bonds, inflation-indexed (2) 97,327 0 + 12,921 Inflation compensation (3) 16,212 + 89 + 3,274 Federal agency debt securities (2) 42,127 - 523 - 24,394 Mortgage-backed securities (4) 1,674,363 - 9,902 + 427,399 Unamortized premiums on securities held outright (5) 209,240 - 361 + 5,139 Unamortized discounts on securities held outright (5) -18,615 - 73 - 15,393 Repurchase agreements (6) 0 0 0 Loans 255 - 4 - 65 Net portfolio holdings of Maiden Lane LLC (7) 1,660 + 6 + 172 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) 60 0 - 208 Items in process of collection (0) 75 + 8 - 30 Bank premises 2,272 + 9 - 24 Central bank liquidity swaps (11) 75 - 2 - 1,404 Foreign currency denominated assets (12) 23,632 - 214 - 240 Other assets (13) 32,968 + 275 + 6,063 Total assets (0) 4,406,637 - 4,109 + 834,840 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 Jul 30, 2014 Wednesday Wednesday consolidation Jul 23, 2014 Jul 31, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,241,974 + 1,747 + 87,652 Reverse repurchase agreements (14) 228,730 - 12,959 + 137,645 Deposits (0) 2,872,881 + 7,522 + 610,321 Term deposits held by depository institutions 0 0 - 11,913 Other deposits held by depository institutions 2,785,798 - 2,199 + 664,955 U.S. Treasury, General Account 70,123 + 14,316 - 39,570 Foreign official 6,565 + 1 - 3,916 Other (15) (0) 10,395 - 4,596 + 765 Deferred availability cash items (0) 639 + 24 - 282 Other liabilities and accrued dividends (16) 6,087 - 448 - 1,797 Total liabilities (0) 4,350,311 - 4,114 + 833,538 Capital accounts Capital paid in 28,163 + 2 + 651 Surplus 28,163 + 2 + 651 Other capital accounts 0 0 0 Total capital 56,326 + 5 + 1,302 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, July 30, 2014 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Assets Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,917 35 84 119 123 318 225 277 27 50 150 182 327 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,327,656 87,536 2,656,035 103,671 94,482 241,861 239,261 176,898 53,423 26,604 57,003 131,866 459,017 Securities held outright (1) 4,136,776 83,680 2,539,002 99,105 90,320 231,207 228,679 169,076 51,024 25,352 54,491 126,049 438,792 U.S. Treasury securities 2,420,285 48,958 1,485,483 57,983 52,843 135,271 133,792 98,920 29,853 14,832 31,881 73,747 256,722 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,420,285 48,958 1,485,483 57,983 52,843 135,271 133,792 98,920 29,853 14,832 31,881 73,747 256,722 Federal agency debt securities (2) 42,127 852 25,856 1,009 920 2,355 2,329 1,722 520 258 555 1,284 4,468 Mortgage-backed securities (4) 1,674,363 33,869 1,027,663 40,113 36,557 93,581 92,558 68,434 20,652 10,261 22,055 51,018 177,601 Unamortized premiums on securities held outright (5) 209,240 4,233 128,424 5,013 4,568 11,695 11,567 8,552 2,581 1,282 2,756 6,376 22,194 Unamortized discounts on securities held outright (5) -18,615 -377 -11,425 -446 -406 -1,040 -1,029 -761 -230 -114 -245 -567 -1,974 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 255 0 34 0 0 0 44 31 47 84 1 9 5 Net portfolio holdings of Maiden Lane LLC (7) 1,660 0 1,660 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) 60 0 60 0 0 0 0 0 0 0 0 0 0 Items in process of collection 75 0 0 0 0 0 75 0 0 0 0 0 0 Bank premises 2,272 123 440 74 110 223 209 199 124 98 244 227 202 Central bank liquidity swaps (11) 75 3 24 6 6 16 4 2 1 0 1 1 11 Foreign currency denominated assets (12) 23,632 1,075 7,602 1,777 1,879 4,927 1,359 652 199 100 249 395 3,419 Other assets (13) 32,968 707 19,831 793 721 2,029 1,808 1,333 479 271 457 1,128 3,411 Interdistrict settlement account 0 + 29,809 + 29,434 + 4,534 - 3,300 - 27,818 + 4,026 - 21,428 - 12,413 - 3,265 - 5,690 - 9,292 + 15,404 Total assets 4,406,637 119,835 2,721,197 111,522 94,722 222,792 248,970 159,063 42,267 24,121 52,858 125,669 483,622 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, July 30, 2014 (continued) Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Liabilities Federal Reserve notes outstanding 1,450,171 44,925 497,826 43,025 65,601 104,991 213,185 92,764 37,312 21,261 37,210 116,015 176,056 Less: Notes held by F.R. Banks 208,197 5,034 66,546 6,325 9,047 11,432 21,206 14,336 5,152 4,657 5,248 30,460 28,754 Federal Reserve notes, net 1,241,974 39,891 431,280 36,700 56,553 93,559 191,978 78,428 32,160 16,603 31,961 85,555 147,302 Reverse repurchase agreements (14) 228,730 4,627 140,386 5,480 4,994 12,784 12,644 9,349 2,821 1,402 3,013 6,969 24,262 Deposits 2,872,881 72,581 2,128,095 64,914 28,544 104,396 40,178 69,432 6,629 5,663 17,162 31,959 303,328 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 2,785,798 72,574 2,041,286 64,881 28,541 104,197 40,169 69,422 6,628 5,663 17,160 31,957 303,320 U.S. Treasury, General Account 70,123 0 70,123 0 0 0 0 0 0 0 0 0 0 Foreign official 6,565 2 6,538 3 3 8 2 1 0 0 0 1 6 Other (15) 10,395 5 10,148 30 0 191 7 9 0 0 1 1 3 Deferred availability cash items 639 0 12 0 0 0 531 0 0 96 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (16) 1,467 13 1,061 8 4 -2 80 64 27 7 18 52 136 Other liabilities and accrued dividends (17) 4,619 165 1,979 194 188 528 347 264 130 116 117 196 395 Total liabilities 4,350,311 117,277 2,702,814 107,296 90,283 211,266 245,759 157,537 41,767 23,888 52,271 124,730 475,424 Capital Capital paid in 28,163 1,279 9,192 2,113 2,219 5,763 1,605 763 250 117 293 469 4,099 Surplus 28,163 1,279 9,192 2,113 2,219 5,763 1,605 763 250 117 293 469 4,099 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,406,637 119,835 2,721,197 111,522 94,722 222,792 248,970 159,063 42,267 24,121 52,858 125,669 483,622 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, July 30, 2014 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Revalued daily at current foreign currency exchange rates. 13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Jul 30, 2014 Federal Reserve notes outstanding 1,450,171 Less: Notes held by F.R. Banks not subject to collateralization 208,197 Federal Reserve notes to be collateralized 1,241,974 Collateral held against Federal Reserve notes 1,241,974 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,225,737 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,136,776 Less: Face value of securities under reverse repurchase agreements 207,919 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,928,856 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.