Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: March 27, 2014
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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                                                   March 27, 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  Mar 26, 2014 
Federal Reserve Banks                                     Mar 26, 2014 Mar 19, 2014 Mar 27, 2013              

Reserve Bank credit                                         4,186,827   +   13,190   +1,024,919    4,184,023  
  Securities held outright (1)                              3,963,650   +   12,894   +1,023,460    3,961,985  
    U.S. Treasury securities                                2,308,978   +    7,216   +  520,590    2,311,539  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,200,551   +    7,126   +  501,881    2,203,078  
      Notes and bonds, inflation-indexed (2)                   94,565            0   +   15,686       94,565  
      Inflation compensation (3)                               13,862   +       91   +    3,022       13,896  
    Federal agency debt securities (2)                         47,343            0   -   25,080       47,343  
    Mortgage-backed securities (4)                          1,607,329   +    5,678   +  527,950    1,603,104  
  Unamortized premiums on securities held outright (5)        210,023   +       59   +   19,703      209,946  
  Unamortized discounts on securities held outright (5)       -16,610   -      282   -   14,940      -16,783  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           106   -        3   -      284          105  
    Primary credit                                                 12   +        4   +        4           13  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10   +        4   +       10           10  
    Term Asset-Backed Securities Loan Facility (7)                 84   -       11   -      298           82  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,585            0   +      183        1,585  
  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)                         105            0   -      294          105  
  Float                                                          -541   +       73   +       72         -581  
  Central bank liquidity swaps (12)                               459   +        1   -    7,806          459  
  Other Federal Reserve assets (13)                            27,965   +      447   +    4,826       27,117  
Foreign currency denominated assets (14)                       24,092   -      218   +      272       24,101  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,661   +       14   +      704       45,661  
                                                                                                              
Total factors supplying reserve funds                       4,272,822   +   12,988   +1,025,896    4,270,025  

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  Mar 26, 2014 
Federal Reserve Banks                                     Mar 26, 2014 Mar 19, 2014 Mar 27, 2013              

Currency in circulation (15)                                 1,267,187   +    2,107   +   92,240    1,268,244 
Reverse repurchase agreements (16)                             188,035   +   29,060   +   96,403      197,795 
  Foreign official and international accounts                   95,591   -    1,033   +    3,959       95,851 
  Others                                                        92,444   +   30,093   +   92,444      101,944 
Treasury cash holdings                                             275   -        3   +       49          279 
Deposits with F.R. Banks, other than reserve balances          142,084   +   15,935   +    3,479      130,773 
  Term deposits held by depository institutions                 15,413   +      230   +   12,368       15,413 
  U.S. Treasury, General Account                               102,040   +   13,695   +   34,021       89,067 
  Foreign official                                               6,986   +      357   -    2,128        7,028 
  Other (17)                                                    17,645   +    1,652   -   40,782       19,265 
Other liabilities and capital (18)                              63,003   -    1,456   -    2,144       61,766 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,660,585   +   45,643   +  190,028    1,658,856 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,612,237   -   32,656   +  835,868    2,611,169 

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  Mar 26, 2014 
                                                          Mar 26, 2014 Mar 19, 2014 Mar 27, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,256,221   +   50,238   -   35,109    3,286,937 
  Marketable U.S. Treasury securities (1)                    2,912,687   +   52,764   -   38,380    2,943,888 
  Federal agency debt and mortgage-backed securities (2)       299,531   -    2,038   -    2,764      299,039 
  Other securities (3)                                          44,003   -      488   +    6,036       44,010 
Securities lent to dealers                                      16,598   +    2,717   -      466       14,862 
  Overnight facility (4)                                        16,598   +    2,717   -      466       14,862 
    U.S. Treasury securities                                    15,296   +    2,686   -      690       13,549 
    Federal agency debt securities                               1,302   +       31   +      224        1,313 

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, March 26, 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)                                       23             0            82             0             0           ...           105 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1            38           142       831,930       864,279       615,148     2,311,539 
  Weekly changes                                 0             0             0    +       13    +    2,639    +    3,093    +    5,744 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         3,684         6,782        34,530             0         2,347        47,343 
  Weekly changes                                 0    +      423    -      423    +       62    -       62             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             5         2,902     1,600,197     1,603,104 
  Weekly changes                                 0             0             0             0    -       38    +      158    +      120 
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)               102           357             0             0             0             0           459 
                                                                                                                                       
Reverse repurchase agreements (6)          197,795             0           ...           ...           ...           ...       197,795 
Term deposits                               15,413             0             0           ...           ...           ...        15,413 

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   
                                                                                                                      Mar 26, 2014  

Mortgage-backed securities held outright (1)                                                                             1,603,104  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           44,906  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   26  



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   
                                                                                                                      Mar 26, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,585  
                                                                                                                                    
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   
                                                                                                                      Mar 26, 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   
                                                                                                                      Mar 26, 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 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 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   
                                                                                                                      Mar 26, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         105  
Net portfolio holdings of TALF LLC                                                                                             105  
                                                                                                                                    
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       Mar 26, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 19, 2014 Mar 27, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,938   -       15   -      170  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,155,253   +    5,508   +1,028,145  
    Securities held outright (1)                                          3,961,985   +    5,863   +1,024,171  
      U.S. Treasury securities                                            2,311,539   +    5,744   +  517,080  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,203,078   +    5,653   +  498,359  
        Notes and bonds, inflation-indexed (2)                               94,565            0   +   15,686  
        Inflation compensation (3)                                           13,896   +       91   +    3,034  
      Federal agency debt securities (2)                                     47,343            0   -   25,080  
      Mortgage-backed securities (4)                                      1,603,104   +      120   +  532,172  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,946   -       11   +   19,367  
    Unamortized discounts on securities held outright 
    (5)                                                                     -16,783   -      327   -   15,112  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       105   -       17   -      280  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,585            0   +      182  
  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)                                       105            0   -      294  
  Items in process of collection                                   (0)           91   +        6   -       34  
  Bank premises                                                               2,276            0   -       27  
  Central bank liquidity swaps (11)                                             459   +        1   -    7,806  
  Foreign currency denominated assets (12)                                   24,101   -      200   +      418  
  Other assets (13)                                                          24,841   -      409   +    4,302  
                                                                                                               
Total assets                                                       (0)    4,226,971   +    4,890   +1,024,715  

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       Mar 26, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 19, 2014 Mar 27, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,224,796   +    1,613   +   89,701 
  Reverse repurchase agreements (14)                                         197,795   +   25,915   +  105,254 
  Deposits                                                          (0)    2,741,942   -   21,651   +  832,358 
    Term deposits held by depository institutions                             15,413   +      230   +   12,368 
    Other deposits held by depository institutions                         2,611,169   -    2,827   +  781,557 
    U.S. Treasury, General Account                                            89,067   -   28,966   +   35,849 
    Foreign official                                                           7,028   +       50   -    2,079 
    Other (15)                                                      (0)       19,265   +    9,862   +    4,664 
  Deferred availability cash items                                  (0)          673   -       66   -      118 
  Other liabilities and accrued dividends (16)                                 5,665   -      933   -    3,452 
                                                                                                               
Total liabilities                                                   (0)    4,170,870   +    4,876   +1,023,743 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,050   +        6   +      486 
  Surplus                                                                     28,050   +        6   +      486 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,101   +       14   +      973 

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, March 26, 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                                             1,938          37          93          124         125         335         222         275          21          48         152         173         332
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,155,253     108,653   2,304,282      120,392     106,118     258,371     276,026     224,541      66,858      39,435      78,612     161,355     410,612
    Securities held outright (1)               3,961,985     103,602   2,197,083      114,796     101,185     246,360     263,189     214,092      63,750      37,596      74,956     153,854     391,523
      U.S. Treasury securities                 2,311,539      60,444   1,281,843       66,975      59,034     143,733     153,552     124,907      37,193      21,935      43,732      89,763     228,426
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,311,539      60,444   1,281,843       66,975      59,034     143,733     153,552     124,907      37,193      21,935      43,732      89,763     228,426
      Federal agency debt securities (2)          47,343       1,238      26,254        1,372       1,209       2,944       3,145       2,558         762         449         896       1,838       4,678
      Mortgage-backed securities (4)           1,603,104      41,920     888,987       46,449      40,942      99,682     106,492      86,626      25,794      15,212      30,329      62,252     158,419
    Unamortized premiums on securities held 
      outright (5)                               209,946       5,490     116,424        6,083       5,362      13,055      13,946      11,345       3,378       1,992       3,972       8,153      20,747
    Unamortized discounts on securities     
      held outright (5)                          -16,783        -439      -9,307         -486        -429      -1,044      -1,115        -907        -270        -159        -318        -652      -1,659
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            105           0          82            0           0           0           5          12           0           6           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,585           0       1,585            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)            105           0         105            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      91           0           0            0           0           0          91           0           0           0           0           0           0
  Bank premises                                    2,276         123         428           72         110         226         211         201         126          99         246         231         203
  Central bank liquidity swaps (11)                  459          21         148           35          37          96          26          13           4           2           5           8          66
  Foreign currency denominated assets (12)        24,101       1,096       7,753        1,812       1,916       5,025       1,385         665         203         102         254         403       3,487
  Other assets (13)                               24,841         678      13,402          843         631       1,685       1,625       1,309         446         296         482       1,045       2,399
  Interdistrict settlement account                     0  -   25,096  +  258,465   -    6,407  -   19,248  -   22,262  -   57,100  -   74,062  -   21,270  -   15,356  -   27,398  -   25,433  +   35,167
                                                                                                                                                                                                         
Total assets                                   4,226,971      86,100   2,592,090      117,478      90,438     244,743     224,561     154,158      46,846      24,906      52,814     138,791     454,046

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, March 26, 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            1,414,113      44,481     521,434      43,056      60,470     102,412     176,334      87,914      36,597      21,273      37,062     118,534     164,546
    Less: Notes held by F.R. Banks               189,317       4,008      46,895       4,438       7,484       9,631      18,119      13,365       4,594       6,862       9,070      36,247      28,604
      Federal Reserve notes, net               1,224,796      40,473     474,539      38,618      52,986      92,781     158,216      74,549      32,003      14,411      27,992      82,287     135,943
  Reverse repurchase agreements (14)             197,795       5,172     109,685       5,731       5,051      12,299      13,139      10,688       3,183       1,877       3,742       7,681      19,546
  Deposits                                     2,741,942      37,715   1,987,220      68,664      27,764     127,588      48,964      67,028      11,013       8,169      20,333      47,630     289,853
    Term deposits held by depository        
        institutions                              15,413           0      10,580           0           0          15       1,040       1,255          15          52           1       1,205       1,250
    Other deposits held by depository       
        institutions                           2,611,169      37,712   1,861,448      68,634      27,761     127,469      47,916      65,766      10,998       8,116      20,331      46,423     288,596
    U.S. Treasury, General Account                89,067           0      89,067           0           0           0           0           0           0           0           0           0           0
    Foreign official                               7,028           2       7,001           3           3           8           2           1           0           0           0           1           6
    Other (15)                                    19,265           1      19,124          28           0          96           6           6           0           0           1           1           1
  Deferred availability cash items                   673           0           0           0           0           0         589           0           0          84           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,680          37         993          38          31          74         115          96          19          16          35          73         154
  Other liabilities and accrued             
     dividends (17)                                3,984         167       1,296         208         200         526         354         277         136         117         121         200         381
                                                                                                                                                                                                        
Total liabilities                              4,170,870      83,564   2,573,734     113,259      86,033     233,269     221,377     152,638      46,353      24,673      52,223     137,871     445,877
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,050       1,268       9,178       2,110       2,203       5,737       1,592         760         247         116         296         460       4,085
  Surplus                                         28,050       1,268       9,178       2,110       2,203       5,737       1,592         760         247         116         296         460       4,085
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,226,971      86,100   2,592,090     117,478      90,438     244,743     224,561     154,158      46,846      24,906      52,814     138,791     454,046

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, March 26, 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   
                                                                                          Mar 26, 2014  

Federal Reserve notes outstanding                                                            1,414,113  
  Less: Notes held by F.R. Banks not subject to collateralization                              189,317  
    Federal Reserve notes to be collateralized                                               1,224,796  
Collateral held against Federal Reserve notes                                                1,224,796  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,208,560  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,961,985  
  Less: Face value of securities under reverse repurchase agreements                           193,413  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,768,572  

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.                                                                                                 


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