FRB: H.4.1 Release--Factors Affecting Reserve Balances--February 13, 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 February 13, 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 Feb 12, 2014
Federal Reserve Banks Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Reserve Bank credit 4,073,341 + 10,547 +1,081,753 4,076,558
Securities held outright (1) 3,842,298 + 8,633 +1,065,409 3,844,752
U.S. Treasury securities 2,258,648 + 11,622 + 535,047 2,261,099
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,151,717 + 10,639 + 515,404 2,154,170
Notes and bonds, inflation-indexed (2) 93,583 + 968 + 16,867 93,583
Inflation compensation (3) 13,347 + 14 + 2,775 13,347
Federal agency debt securities (2) 51,411 - 3,000 - 23,558 51,411
Mortgage-backed securities (4) 1,532,240 + 12 + 553,920 1,532,242
Unamortized premiums on securities held outright (5) 208,541 - 193 + 28,960 208,533
Unamortized discounts on securities held outright (5) -14,655 - 477 - 12,978 -14,768
Repurchase agreements (6) 0 0 0 0
Loans 102 - 6 - 385 101
Primary credit 4 - 1 - 3 0
Secondary credit 0 0 0 0
Seasonal credit 2 - 6 + 1 4
Term Asset-Backed Securities Loan Facility (7) 96 0 - 384 96
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,579 0 + 175 1,579
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) 106 - 2 - 401 106
Float -623 - 109 - 9 -688
Central bank liquidity swaps (12) 360 + 1 - 4,833 360
Other Federal Reserve assets (13) 35,547 + 2,700 + 5,812 36,497
Foreign currency denominated assets (14) 23,908 + 51 - 571 23,862
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,623 + 14 + 751 45,623

Total factors supplying reserve funds 4,159,114 + 10,613 +1,081,934 4,162,285

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 Feb 12, 2014
Federal Reserve Banks Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Currency in circulation (15) 1,231,748 + 3,111 + 69,315 1,235,001
Reverse repurchase agreements (16) 198,534 + 2,169 + 112,073 192,072
Foreign official and international accounts 97,054 - 2,048 + 10,593 98,046
Others 101,479 + 4,216 + 101,479 94,026
Treasury cash holdings 266 + 5 + 72 268
Deposits with F.R. Banks, other than reserve balances 75,054 - 42,455 - 4,058 71,142
Term deposits held by depository institutions 12,822 0 + 9,786 12,822
U.S. Treasury, General Account 36,410 - 43,671 + 1,502 32,564
Foreign official 7,995 + 24 - 251 7,971
Other 17,826 + 1,191 - 15,096 17,784
Other liabilities and capital (17) 63,844 + 390 - 1,832 62,017

Total factors, other than reserve balances,
absorbing reserve funds 1,569,445 - 36,780 + 175,569 1,560,500

Reserve balances with Federal Reserve Banks 2,589,669 + 47,393 + 906,365 2,601,785

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 Feb 12, 2014
Feb 12, 2014 Feb 5, 2014 Feb 13, 2013

Securities held in custody for foreign official and
international accounts 3,313,423 - 10,737 + 13,520 3,307,970
Marketable U.S. Treasury securities (1) 2,960,915 - 11,239 + 3,011 2,955,526
Federal agency debt and mortgage-backed securities (2) 307,727 + 592 + 2,627 307,578
Other securities (3) 44,781 - 90 + 7,883 44,866
Securities lent to dealers 9,694 - 828 - 8,216 10,111
Overnight facility (4) 9,694 - 828 - 8,216 10,111
U.S. Treasury securities 8,561 - 800 - 8,676 8,960
Federal agency debt securities 1,133 - 28 + 461 1,151

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, February 12, 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) 0 4 64 33 0 ... 101
U.S. Treasury securities (2)
Holdings 1 298 175 778,071 885,261 597,294 2,261,099
Weekly changes 0 0 0 - 1 + 5,237 + 2,890 + 8,126
Federal agency debt securities (3)
Holdings 0 6,446 8,088 34,468 62 2,347 51,411
Weekly changes 0 0 + 711 - 711 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,701 1,529,536 1,532,242
Weekly changes 0 0 0 0 0 + 11 + 11
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) 29 331 0 0 0 0 360

Reverse repurchase agreements (6) 192,072 0 ... ... ... ... 192,072
Term deposits 12,822 0 0 ... ... ... 12,822

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
Feb 12, 2014

Mortgage-backed securities held outright (1) 1,532,242

Commitments to buy mortgage-backed securities (2) 78,950
Commitments to sell mortgage-backed securities (2) 2,029

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
Feb 12, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,579

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 December 31, 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
Feb 12, 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 December 31, 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
Feb 12, 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
Feb 12, 2014

Asset-backed securities holdings (1) 0
Other investments, net 106
Net portfolio holdings of TALF LLC 106

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 Feb 12, 2014 Wednesday Wednesday
consolidation Feb 5, 2014 Feb 13, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,051 + 14 - 173
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,038,618 + 7,656 +1,045,628
Securities held outright (1) 3,844,752 + 8,137 +1,031,996
U.S. Treasury securities 2,261,099 + 8,126 + 532,622
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,154,170 + 7,142 + 513,772
Notes and bonds, inflation-indexed (2) 93,583 + 968 + 16,084
Inflation compensation (3) 13,347 + 16 + 2,766
Federal agency debt securities (2) 51,411 0 - 23,202
Mortgage-backed securities (4) 1,532,242 + 11 + 522,576
Unamortized premiums on securities held outright
(5) 208,533 - 99 + 27,072
Unamortized discounts on securities held outright
(5) -14,768 - 379 - 13,092
Repurchase agreements (6) 0 0 0
Loans 101 - 2 - 348
Net portfolio holdings of Maiden Lane LLC (7) 1,579 0 + 178
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) 106 - 2 - 401
Items in process of collection (0) 77 - 48 - 489
Bank premises 2,279 - 1 - 28
Central bank liquidity swaps (11) 360 + 1 - 4,833
Foreign currency denominated assets (12) 23,862 - 18 - 634
Other assets (13) 34,217 + 2,584 + 5,995

Total assets (0) 4,119,474 + 10,189 +1,045,249

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 Feb 12, 2014 Wednesday Wednesday
consolidation Feb 5, 2014 Feb 13, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,191,693 + 4,542 + 68,694
Reverse repurchase agreements (14) 192,072 - 4,042 + 103,017
Deposits (0) 2,672,927 + 10,791 + 877,517
Term deposits held by depository institutions 12,822 0 + 9,786
Other deposits held by depository institutions 2,601,785 + 54,885 + 905,104
U.S. Treasury, General Account 32,564 - 44,859 - 9,794
Foreign official 7,971 0 - 277
Other (0) 17,784 + 764 - 27,303
Deferred availability cash items (0) 765 - 7 - 472
Other liabilities and accrued dividends (15) 6,212 - 1,759 - 4,332

Total liabilities (0) 4,063,668 + 9,524 +1,044,422

Capital accounts
Capital paid in 27,903 + 332 + 413
Surplus 27,903 + 332 + 413
Other capital accounts 0 0 0

Total capital 55,805 + 664 + 826

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, February 12, 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 2,051 38 93 128 138 349 243 289 24 51 158 193 346
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,038,618 105,603 2,239,619 117,013 103,140 251,118 268,273 218,230 64,981 38,325 76,404 156,826 399,086
Securities held outright (1) 3,844,752 100,536 2,132,072 111,399 98,191 239,070 255,402 207,757 61,863 36,484 72,738 149,301 379,938
U.S. Treasury securities 2,261,099 59,125 1,253,872 65,514 57,746 140,597 150,202 122,182 36,382 21,456 42,778 87,804 223,442
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,261,099 59,125 1,253,872 65,514 57,746 140,597 150,202 122,182 36,382 21,456 42,778 87,804 223,442
Federal agency debt securities (2) 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080
Mortgage-backed securities (4) 1,532,242 40,067 849,691 44,396 39,132 95,276 101,785 82,797 24,654 14,540 28,988 59,501 151,416
Unamortized premiums on securities held
outright (5) 208,533 5,453 115,640 6,042 5,326 12,967 13,853 11,268 3,355 1,979 3,945 8,098 20,607
Unamortized discounts on securities
held outright (5) -14,768 -386 -8,189 -428 -377 -918 -981 -798 -238 -140 -279 -573 -1,459
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 101 0 96 0 0 0 0 2 0 2 0 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,579 0 1,579 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) 106 0 106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 77 0 0 0 0 0 76 0 0 0 0 0 0
Bank premises 2,279 123 430 72 110 227 211 201 126 99 246 231 203
Central bank liquidity swaps (11) 360 16 116 27 29 75 21 10 3 2 4 6 52
Foreign currency denominated assets (12) 23,862 1,085 7,676 1,794 1,897 4,975 1,372 659 201 101 251 399 3,453
Other assets (13) 34,217 935 18,490 1,002 886 2,313 2,294 1,846 625 393 670 1,392 3,371
Interdistrict settlement account 0 - 28,055 + 279,185 - 14,101 - 19,494 - 25,028 - 61,330 - 73,827 - 19,193 - 15,857 - 22,692 - 38,599 + 38,989

Total assets 4,119,474 80,334 2,553,124 106,542 87,454 235,298 213,234 148,623 47,227 23,394 55,504 121,458 447,280

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, February 12, 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 1,384,765 44,495 509,342 40,855 60,061 103,349 167,043 88,049 34,529 20,605 36,600 119,012 160,826
Less: Notes held by F.R. Banks 193,072 4,212 36,741 5,016 6,879 8,001 16,885 13,616 3,210 8,123 10,433 51,600 28,356
Federal Reserve notes, net 1,191,693 40,283 472,601 35,839 53,182 95,348 150,157 74,434 31,318 12,482 26,167 67,412 132,470
Reverse repurchase agreements (14) 192,072 5,022 106,512 5,565 4,905 11,943 12,759 10,379 3,090 1,823 3,634 7,459 18,981
Deposits 2,672,927 32,325 1,952,835 60,766 24,759 115,964 46,048 61,901 12,174 8,591 24,960 45,391 287,215
Term deposits held by depository
institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855
Other deposits held by depository
institutions 2,601,785 32,322 1,884,949 60,741 24,756 115,771 45,556 60,536 12,143 8,506 24,868 45,284 286,353
U.S. Treasury, General Account 32,564 0 32,564 0 0 0 0 0 0 0 0 0 0
Foreign official 7,971 2 7,944 3 3 8 2 1 0 0 0 1 6
Other 17,784 1 17,577 21 0 164 10 8 0 0 1 2 1
Deferred availability cash items 765 0 0 0 0 0 635 0 0 129 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,427 41 730 40 22 80 115 97 22 19 34 71 157
Other liabilities and accrued
dividends (16) 4,784 161 2,132 196 189 486 352 293 139 116 123 209 388

Total liabilities 4,063,668 77,832 2,534,810 102,406 83,058 223,821 210,067 147,103 46,744 23,161 54,917 120,541 439,210

Capital
Capital paid in 27,903 1,251 9,157 2,068 2,198 5,739 1,584 760 242 117 293 458 4,035
Surplus 27,903 1,251 9,157 2,068 2,198 5,739 1,584 760 242 117 293 458 4,035
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,119,474 80,334 2,553,124 106,542 87,454 235,298 213,234 148,623 47,227 23,394 55,504 121,458 447,280

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, February 12, 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
Feb 12, 2014

Federal Reserve notes outstanding 1,384,765
Less: Notes held by F.R. Banks not subject to collateralization 193,072
Federal Reserve notes to be collateralized 1,191,693
Collateral held against Federal Reserve notes 1,191,693
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,175,456
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,844,752
Less: Face value of securities under reverse repurchase agreements 187,273
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,657,479

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