FRB: H.4.1 Release--Factors Affecting Reserve Balances--January 2, 2014

FEDERAL RESERVE statistical release

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

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

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks January 2, 2014

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 1, 2014
Federal Reserve Banks Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Reserve Bank credit 3,981,512 - 4,077 +1,111,830 3,980,499
Securities held outright (1) 3,756,172 - 3,083 +1,089,881 3,756,158
U.S. Treasury securities 2,208,791 + 3,861 + 545,940 2,208,775
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,103,872 + 3,920 + 526,691 2,103,871
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639 91,379
Inflation compensation (3) 13,540 - 59 + 2,610 13,525
Federal agency debt securities (2) 57,221 0 - 19,562 57,221
Mortgage-backed securities (4) 1,490,160 - 6,945 + 563,502 1,490,162
Unamortized premiums on securities held outright (5) 208,697 - 511 + 37,810 208,610
Unamortized discounts on securities held outright (5) -12,357 - 245 - 10,793 -12,352
Repurchase agreements (6) 0 0 0 0
Loans 173 - 20 - 441 171
Primary credit 17 - 10 - 11 26
Secondary credit 0 0 0 0
Seasonal credit 59 - 10 + 28 48
Term Asset-Backed Securities Loan Facility (7) 97 0 - 459 97
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,541 + 16 + 128 1,541
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 109 0 - 747 109
Float -569 + 58 + 127 -962
Central bank liquidity swaps (12) 272 - 1 - 8,617 272
Other Federal Reserve assets (13) 27,387 - 292 + 4,479 26,868
Foreign currency denominated assets (14) 23,820 + 23 - 1,225 23,821
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,530 + 14 + 779 45,530

Total factors supplying reserve funds 4,067,102 - 4,041 +1,111,383 4,066,091

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 1, 2014
Federal Reserve Banks Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Currency in circulation (15) 1,240,499 + 4,615 + 71,602 1,241,263
Reverse repurchase agreements (16) 235,086 + 100,746 + 121,964 315,924
Foreign official and international accounts 116,509 + 11,914 + 3,387 118,169
Others 118,577 + 88,832 + 118,577 197,755
Treasury cash holdings 235 + 5 + 85 236
Deposits with F.R. Banks, other than reserve balances 153,349 - 9,130 + 48,491 196,550
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 105,104 + 5,982 + 33,540 162,399
Foreign official 7,982 - 7 + 1,638 7,970
Other 40,264 - 15,104 + 13,313 26,181
Other liabilities and capital (17) 63,301 - 755 - 1,525 63,049

Total factors, other than reserve balances,
absorbing reserve funds 1,692,469 + 95,480 + 240,616 1,817,021

Reserve balances with Federal Reserve Banks 2,374,633 - 99,522 + 870,767 2,249,070

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jan 1, 2014
Jan 1, 2014 Dec 25, 2013 Jan 2, 2013

Securities held in custody for foreign official and
international accounts 3,353,841 - 20,404 + 121,184 3,352,139
Marketable U.S. Treasury securities (1) 2,998,639 - 19,285 + 113,398 2,996,874
Federal agency debt and mortgage-backed securities (2) 311,789 - 1,133 + 337 311,852
Other securities (3) 43,413 + 14 + 7,450 43,413
Securities lent to dealers 14,770 + 1,673 + 6,851 16,502
Overnight facility (4) 14,770 + 1,673 + 6,851 16,502
U.S. Treasury securities 13,720 + 1,659 + 6,467 15,447
Federal agency debt securities 1,050 + 13 + 384 1,055

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 1, 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) 69 5 64 33 0 ... 171
U.S. Treasury securities (2)
Holdings 0 298 176 763,329 864,700 580,272 2,208,775
Weekly changes - 1 + 1 - 1 + 12,688 - 12,703 - 38 - 54
Federal agency debt securities (3)
Holdings 2,310 7,568 8,666 36,268 62 2,347 57,221
Weekly changes + 746 - 746 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,549 1,487,608 1,490,162
Weekly changes 0 0 0 0 - 32 - 6,749 - 6,781
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) 113 159 0 0 0 0 272

Reverse repurchase agreements (6) 315,924 0 ... ... ... ... 315,924
Term deposits 0 0 0 ... ... ... 0

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

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jan 1, 2014

Mortgage-backed securities held outright (1) 1,490,162

Commitments to buy mortgage-backed securities (2) 57,824
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 1

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 1, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,541

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 1, 2014

Net portfolio holdings of Maiden Lane II LLC (1) 63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 1, 2014

Net portfolio holdings of Maiden Lane III LLC (1) 22

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 1, 2014

Asset-backed securities holdings (1) 0
Other investments, net 109
Net portfolio holdings of TALF LLC 109

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 1, 2014 Wednesday Wednesday
consolidation Dec 25, 2013 Jan 2, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,955 - 8 - 148
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,952,587 - 7,327 +1,113,092
Securities held outright (1) 3,756,158 - 6,835 +1,086,566
U.S. Treasury securities 2,208,775 - 54 + 542,657
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,103,871 - 1 + 523,399
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639
Inflation compensation (3) 13,525 - 53 + 2,619
Federal agency debt securities (2) 57,221 0 - 19,562
Mortgage-backed securities (4) 1,490,162 - 6,781 + 563,471
Unamortized premiums on securities held outright
(5) 208,610 - 492 + 37,730
Unamortized discounts on securities held outright
(5) -12,352 + 20 - 10,788
Repurchase agreements (6) 0 0 0
Loans 171 - 21 - 416
Net portfolio holdings of Maiden Lane LLC (7) 1,541 0 + 128
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 109 0 - 747
Items in process of collection (0) 165 + 4 - 22
Bank premises 2,289 - 1 - 42
Central bank liquidity swaps (11) 272 - 1 - 8,617
Foreign currency denominated assets (12) 23,821 + 35 - 1,181
Other assets (13) 24,579 - 1,637 + 3,987

Total assets (0) 4,023,640 - 8,935 +1,106,451

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 1, 2014 Wednesday Wednesday
consolidation Dec 25, 2013 Jan 2, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,197,920 + 2,719 + 71,059
Reverse repurchase agreements (14) 315,924 + 164,667 + 212,653
Deposits (0) 2,445,620 - 174,717 + 822,821
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,249,070 - 201,663 + 740,398
U.S. Treasury, General Account 162,399 + 68,506 + 77,941
Foreign official 7,970 - 10 + 1,660
Other (0) 26,181 - 41,550 + 2,822
Deferred availability cash items (0) 1,127 - 87 - 66
Other liabilities and accrued dividends (15) 8,035 - 1,514 - 311

Total liabilities (0) 3,968,627 - 8,930 +1,106,158

Capital accounts
Capital paid in 27,507 - 2 + 147
Surplus 27,507 - 2 + 147
Other capital accounts 0 0 0

Total capital 55,014 - 4 + 294

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, January 1, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,955 35 82 123 130 335 238 285 18 48 152 178 332
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,952,587 103,352 2,191,884 114,518 100,941 245,765 262,560 213,592 63,599 37,533 74,784 153,482 390,578
Securities held outright (1) 3,756,158 98,220 2,082,944 108,832 95,928 233,561 249,517 202,970 60,438 35,643 71,062 145,861 371,183
U.S. Treasury securities 2,208,775 57,757 1,224,856 63,998 56,410 137,343 146,726 119,354 35,540 20,960 41,788 85,772 218,271
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,208,775 57,757 1,224,856 63,998 56,410 137,343 146,726 119,354 35,540 20,960 41,788 85,772 218,271
Federal agency debt securities (2) 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655
Mortgage-backed securities (4) 1,490,162 38,966 826,356 43,176 38,057 92,659 98,989 80,523 23,977 14,140 28,192 57,867 147,258
Unamortized premiums on securities held
outright (5) 208,610 5,455 115,683 6,044 5,328 12,972 13,858 11,273 3,357 1,980 3,947 8,101 20,615
Unamortized discounts on securities
held outright (5) -12,352 -323 -6,849 -358 -315 -768 -821 -667 -199 -117 -234 -480 -1,221
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 171 0 108 0 0 1 6 18 3 27 9 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,541 0 1,541 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 109 0 109 0 0 0 0 0 0 0 0 0 0
Items in process of collection 165 0 0 0 0 0 165 0 0 0 0 0 0
Bank premises 2,289 123 432 73 111 228 211 203 127 99 247 231 204
Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,821 1,170 7,620 1,842 1,857 5,001 1,357 679 199 100 241 378 3,377
Other assets (13) 24,579 681 13,212 721 639 1,704 1,652 1,333 457 301 488 969 2,422
Interdistrict settlement account 0 + 7,432 + 164,659 - 19,031 + 4,799 - 31,188 - 44,191 - 56,053 - 19,094 - 14,529 - 22,489 - 31,599 + 61,284

Total assets 4,023,640 113,393 2,385,454 98,874 109,247 223,170 224,081 161,263 45,768 23,834 53,887 124,653 460,016

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, January 1, 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 1,400,977 45,820 511,362 42,674 59,213 105,938 170,616 87,072 34,876 21,885 37,154 120,793 163,574
Less: Notes held by F.R. Banks 203,056 9,987 38,515 5,920 5,080 8,774 18,059 13,399 3,161 9,275 10,308 53,146 27,431
Federal Reserve notes, net 1,197,920 35,832 472,846 36,754 54,134 97,164 152,557 73,673 31,715 12,610 26,846 67,647 136,142
Reverse repurchase agreements (14) 315,924 8,261 175,193 9,154 8,068 19,644 20,986 17,071 5,083 2,998 5,977 12,268 31,220
Deposits 2,445,620 66,577 1,715,337 48,589 42,428 94,295 45,840 68,561 8,326 7,724 20,317 43,504 284,124
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 2,249,070 66,567 1,518,974 48,568 42,425 94,182 45,828 68,547 8,325 7,723 20,315 43,500 284,115
U.S. Treasury, General Account 162,399 0 162,399 0 0 0 0 0 0 0 0 0 0
Foreign official 7,970 2 7,943 3 3 8 2 1 0 0 0 1 6
Other 26,181 8 26,021 17 0 105 10 13 0 0 1 3 3
Deferred availability cash items 1,127 0 0 0 0 0 1,009 0 0 118 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,852 70 1,647 67 59 145 205 150 44 29 53 108 275
Other liabilities and accrued
dividends (16) 5,183 151 2,742 174 182 449 320 289 138 122 116 206 295

Total liabilities 3,968,627 110,891 2,367,764 94,737 104,872 211,697 220,918 159,744 45,306 23,601 53,308 123,734 452,055

Capital
Capital paid in 27,507 1,251 8,845 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981
Surplus 27,507 1,251 8,845 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,023,640 113,393 2,385,454 98,874 109,247 223,170 224,081 161,263 45,768 23,834 53,887 124,653 460,016

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, January 1, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 1, 2014

Federal Reserve notes outstanding 1,400,977
Less: Notes held by F.R. Banks not subject to collateralization 203,056
Federal Reserve notes to be collateralized 1,197,920
Collateral held against Federal Reserve notes 1,197,920
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,181,684
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,756,158
Less: Face value of securities under reverse repurchase agreements 310,452
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,445,706

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