FRB: H.4.1 Release--Factors Affecting Reserve Balances--March 27, 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 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

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.

Statistical releases