FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 11, 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 Sep 10, 2014 Federal Reserve Banks Sep 10, 2014 Sep 3, 2014 Sep 11, 2013 Reserve Bank credit 4,377,690 + 4,183 + 761,693 4,379,719 Securities held outright (1) 4,159,537 + 2,675 + 765,361 4,160,521 U.S. Treasury securities 2,439,657 + 2,671 + 401,376 2,440,637 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,325,368 + 2,678 + 386,333 2,326,351 Notes and bonds, inflation-indexed (2) 97,755 0 + 11,737 97,755 Inflation compensation (3) 16,534 - 7 + 3,306 16,531 Federal agency debt securities (2) 41,562 0 - 22,868 41,562 Mortgage-backed securities (4) 1,678,317 + 4 + 386,851 1,678,322 Unamortized premiums on securities held outright (5) 208,963 - 219 + 5,815 208,907 Unamortized discounts on securities held outright (5) -18,664 + 21 - 12,958 -18,654 Repurchase agreements (6) 0 0 0 0 Loans 291 - 8 + 18 352 Primary credit 10 - 18 - 8 53 Secondary credit 0 0 0 0 Seasonal credit 247 + 9 + 94 266 Term Asset-Backed Securities Loan Facility (7) 34 0 - 68 34 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,664 - 1 + 171 1,665 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) 44 0 - 80 44 Float -675 - 69 + 94 -627 Central bank liquidity swaps (12) 77 + 1 - 243 77 Other Federal Reserve assets (13) 26,369 + 1,784 + 3,517 27,349 Foreign currency denominated assets (14) 22,933 - 353 - 737 22,801 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 46,103 + 14 + 820 46,103 Total factors supplying reserve funds 4,462,967 + 3,844 + 761,776 4,464,863 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 Sep 10, 2014 Federal Reserve Banks Sep 10, 2014 Sep 3, 2014 Sep 11, 2013 Currency in circulation (15) 1,292,467 - 442 + 84,956 1,291,993 Reverse repurchase agreements (16) 266,584 + 818 + 173,996 267,602 Foreign official and international accounts 102,228 - 296 + 9,640 107,303 Others 164,356 + 1,115 + 164,356 160,299 Treasury cash holdings 165 + 4 + 23 164 Deposits with F.R. Banks, other than reserve balances 52,715 - 6,170 - 19,233 53,117 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 39,081 - 3,787 + 530 31,872 Foreign official 5,432 - 1,134 - 3,562 5,241 Other (17) 8,202 - 1,248 - 16,201 16,004 Other liabilities and capital (18) 63,991 - 1 + 818 63,033 Total factors, other than reserve balances, absorbing reserve funds 1,675,922 - 5,792 + 240,561 1,675,910 Reserve balances with Federal Reserve Banks 2,787,045 + 9,636 + 521,214 2,788,954 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 Sep 10, 2014 Sep 10, 2014 Sep 3, 2014 Sep 11, 2013 Securities held in custody for foreign official and international accounts 3,338,309 - 417 + 61,832 3,343,937 Marketable U.S. Treasury securities (1) 3,010,563 - 456 + 86,414 3,016,027 Federal agency debt and mortgage-backed securities (2) 285,805 + 28 - 29,008 285,934 Other securities (3) 41,942 + 12 + 4,427 41,976 Securities lent to dealers 10,669 + 1,648 - 1,429 11,123 Overnight facility (4) 10,669 + 1,648 - 1,429 11,123 U.S. Treasury securities 9,860 + 1,721 - 1,405 10,373 Federal agency debt securities 810 - 72 - 23 750 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, September 10, 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) 118 234 0 0 0 ... 352 U.S. Treasury securities (2) Holdings 0 90 3,194 1,037,162 742,261 657,930 2,440,637 Weekly changes 0 0 0 + 1,615 - 1 + 2,037 + 3,651 Federal agency debt securities (3) Holdings 1,556 1,329 3,584 32,746 0 2,347 41,562 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 10 4,698 1,673,614 1,678,322 Weekly changes 0 0 0 0 + 863 - 857 + 6 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) 77 0 0 0 0 0 77 Reverse repurchase agreements (6) 267,602 0 ... ... ... ... 267,602 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 Sep 10, 2014 Mortgage-backed securities held outright (1) 1,678,322 Commitments to buy mortgage-backed securities (2) 80,643 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 4 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 Sep 10, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,665 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 Sep 10, 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 Sep 10, 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 Sep 10, 2014 Asset-backed securities holdings (1) 0 Other investments, net 44 Net portfolio holdings of TALF LLC 44 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 Sep 10, 2014 Wednesday Wednesday consolidation Sep 3, 2014 Sep 11, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,930 + 8 - 62 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 + 3,534 + 756,847 Securities held outright (1) 4,160,521 + 3,657 + 763,739 U.S. Treasury securities 2,440,637 + 3,651 + 399,549 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,326,351 + 3,661 + 385,784 Notes and bonds, inflation-indexed (2) 97,755 0 + 10,546 Inflation compensation (3) 16,531 - 10 + 3,219 Federal agency debt securities (2) 41,562 0 - 22,654 Mortgage-backed securities (4) 1,678,322 + 6 + 386,844 Unamortized premiums on securities held outright (5) 208,907 - 132 + 5,820 Unamortized discounts on securities held outright (5) -18,654 + 19 - 12,787 Repurchase agreements (6) 0 0 0 Loans 352 - 10 + 75 Net portfolio holdings of Maiden Lane LLC (7) 1,665 + 1 + 167 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) 44 0 - 68 Items in process of collection (0) 94 - 22 - 31 Bank premises 2,255 0 - 29 Central bank liquidity swaps (11) 77 + 1 - 243 Foreign currency denominated assets (12) 22,801 - 404 - 925 Other assets (13) 25,095 + 2,704 + 3,719 Total assets (0) 4,421,408 + 5,821 + 759,373 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 Sep 10, 2014 Wednesday Wednesday consolidation Sep 3, 2014 Sep 11, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,247,980 - 2,086 + 84,510 Reverse repurchase agreements (14) 267,602 + 17,296 + 175,438 Deposits (0) 2,842,072 - 8,612 + 499,663 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,788,954 - 24,799 + 513,312 U.S. Treasury, General Account 31,872 + 10,836 + 1,852 Foreign official 5,241 - 1,326 - 3,524 Other (15) (0) 16,004 + 6,676 - 11,978 Deferred availability cash items (0) 721 - 482 - 163 Other liabilities and accrued dividends (16) 6,693 - 299 - 1,529 Total liabilities (0) 4,365,067 + 5,817 + 757,919 Capital accounts Capital paid in 28,170 + 2 + 726 Surplus 28,170 + 2 + 726 Other capital accounts 0 0 0 Total capital 56,341 + 4 + 1,454 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, September 10, 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 1,930 32 94 124 123 320 222 276 25 46 153 182 332 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 88,009 2,670,390 104,231 94,993 243,168 240,542 177,833 53,725 26,795 57,330 132,586 461,524 Securities held outright (1) 4,160,521 84,160 2,553,576 99,673 90,839 232,534 229,991 170,046 51,317 25,497 54,804 126,772 441,311 U.S. Treasury securities 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,440,637 49,370 1,497,974 58,470 53,288 136,409 134,917 99,752 30,104 14,957 32,149 74,367 258,881 Federal agency debt securities (2) 41,562 841 25,509 996 907 2,323 2,298 1,699 513 255 547 1,266 4,409 Mortgage-backed securities (4) 1,678,322 33,949 1,030,093 40,207 36,644 93,803 92,777 68,595 20,701 10,285 22,107 51,139 178,021 Unamortized premiums on securities held outright (5) 208,907 4,226 128,220 5,005 4,561 11,676 11,548 8,538 2,577 1,280 2,752 6,365 22,159 Unamortized discounts on securities held outright (5) -18,654 -377 -11,449 -447 -407 -1,043 -1,031 -762 -230 -114 -246 -568 -1,979 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 352 1 44 0 0 0 34 11 61 132 20 17 33 Net portfolio holdings of Maiden Lane LLC (7) 1,665 0 1,665 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) 44 0 44 0 0 0 0 0 0 0 0 0 0 Items in process of collection 94 0 0 0 0 0 93 0 0 1 0 0 0 Bank premises 2,255 121 434 74 110 222 209 198 124 97 243 224 200 Central bank liquidity swaps (11) 77 4 25 6 6 16 4 2 1 0 1 1 11 Foreign currency denominated assets (12) 22,801 1,037 7,335 1,714 1,813 4,754 1,311 629 192 96 240 381 3,299 Other assets (13) 25,095 535 15,039 739 546 1,547 1,374 1,014 356 219 347 798 2,580 Interdistrict settlement account 0 + 10,547 - 58,585 + 2,678 + 9,252 + 197 + 8,040 - 10,297 - 10,950 - 2,083 - 134 + 2,635 + 48,701 Total assets 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478 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, September 10, 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 1,443,974 44,572 489,349 42,766 65,118 103,568 212,875 94,569 37,360 21,242 36,783 115,911 179,862 Less: Notes held by F.R. Banks 195,994 5,311 63,063 6,357 8,870 11,177 20,690 11,915 4,937 4,278 5,302 25,736 28,359 Federal Reserve notes, net 1,247,980 39,261 426,285 36,409 56,248 92,391 192,186 82,654 32,423 16,964 31,481 90,175 151,503 Reverse repurchase agreements (14) 267,602 5,413 164,244 6,411 5,843 14,956 14,793 10,937 3,301 1,640 3,525 8,154 28,385 Deposits 2,842,072 53,409 2,030,175 62,876 40,791 131,999 42,547 75,315 7,510 6,356 22,882 38,429 329,783 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 2,788,954 53,397 1,977,410 62,837 40,788 131,731 42,538 75,306 7,510 6,355 22,881 38,428 329,774 U.S. Treasury, General Account 31,872 0 31,872 0 0 0 0 0 0 0 0 0 0 Foreign official 5,241 2 5,214 3 3 8 2 1 0 0 0 1 6 Other (15) 16,004 11 15,679 36 0 260 7 7 0 0 1 0 3 Deferred availability cash items 721 0 0 0 0 0 611 0 0 110 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (16) 1,693 19 1,199 20 10 23 86 73 20 12 20 54 155 Other liabilities and accrued dividends (17) 5,000 167 2,179 211 208 544 361 282 142 118 126 208 454 Total liabilities 4,365,067 98,270 2,624,083 105,927 103,101 239,913 250,583 169,261 43,395 25,200 58,034 137,021 510,279 Capital Capital paid in 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099 Surplus 28,170 1,282 9,193 2,093 2,221 5,773 1,608 763 252 117 295 474 4,099 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,421,408 100,833 2,642,468 110,114 107,543 251,460 253,799 170,787 43,900 25,434 58,623 137,969 518,478 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, September 10, 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 Sep 10, 2014 Federal Reserve notes outstanding 1,443,974 Less: Notes held by F.R. Banks not subject to collateralization 195,994 Federal Reserve notes to be collateralized 1,247,980 Collateral held against Federal Reserve notes 1,247,980 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,231,743 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,160,521 Less: Face value of securities under reverse repurchase agreements 257,508 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013 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.