FRB: H.4.1 Release--Factors Affecting Reserve Balances--April 3, 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 April 3, 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 Apr 2, 2014
Federal Reserve Banks Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Reserve Bank credit 4,191,520 + 4,693 +1,026,272 4,193,417
Securities held outright (1) 3,968,932 + 5,282 +1,026,312 3,971,104
U.S. Treasury securities 2,318,482 + 9,504 + 519,242 2,320,653
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,209,963 + 9,412 + 500,515 2,212,100
Notes and bonds, inflation-indexed (2) 94,565 0 + 15,686 94,565
Inflation compensation (3) 13,953 + 91 + 3,040 13,987
Federal agency debt securities (2) 47,343 0 - 25,080 47,343
Mortgage-backed securities (4) 1,603,108 - 4,221 + 532,151 1,603,108
Unamortized premiums on securities held outright (5) 209,737 - 286 + 18,745 209,648
Unamortized discounts on securities held outright (5) -17,022 - 412 - 15,368 -17,157
Repurchase agreements (6) 0 0 0 0
Loans 102 - 4 - 290 97
Primary credit 8 - 4 0 0
Secondary credit 0 0 0 0
Seasonal credit 11 + 1 + 9 15
Term Asset-Backed Securities Loan Facility (7) 82 - 2 - 300 82
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,584 - 1 + 182 1,584
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 -592 - 51 + 84 -709
Central bank liquidity swaps (12) 407 - 52 - 7,649 407
Other Federal Reserve assets (13) 28,181 + 216 + 4,549 28,253
Foreign currency denominated assets (14) 24,027 - 65 + 218 24,013
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,720 + 14 + 749 45,720

Total factors supplying reserve funds 4,277,508 + 4,641 +1,027,239 4,279,392

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 Apr 2, 2014
Federal Reserve Banks Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Currency in circulation (15) 1,268,695 + 1,463 + 90,908 1,270,466
Reverse repurchase agreements (16) 233,626 + 45,591 + 133,470 197,200
Foreign official and international accounts 96,705 + 1,114 - 3,414 91,155
Others 136,921 + 44,477 + 136,884 106,045
Treasury cash holdings 278 + 3 + 48 269
Deposits with F.R. Banks, other than reserve balances 130,583 - 11,501 + 24,964 137,682
Term deposits held by depository institutions 14,251 - 1,162 + 11,206 14,251
U.S. Treasury, General Account 96,163 - 5,877 + 20,019 107,199
Foreign official 6,984 - 2 - 2,205 6,980
Other (17) 13,185 - 4,460 - 4,055 9,252
Other liabilities and capital (18) 62,954 - 49 - 2,423 62,007

Total factors, other than reserve balances,
absorbing reserve funds 1,696,136 + 35,506 + 246,968 1,667,624

Reserve balances with Federal Reserve Banks 2,581,373 - 30,864 + 780,272 2,611,768

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 Apr 2, 2014
Apr 2, 2014 Mar 26, 2014 Apr 3, 2013

Securities held in custody for foreign official and
international accounts 3,294,032 + 37,811 - 1,431 3,299,347
Marketable U.S. Treasury securities (1) 2,951,211 + 38,524 - 5,629 2,957,095
Federal agency debt and mortgage-backed securities (2) 299,218 - 313 - 1,403 299,215
Other securities (3) 43,602 - 401 + 5,599 43,037
Securities lent to dealers 14,288 - 2,310 - 9,482 13,101
Overnight facility (4) 14,288 - 2,310 - 9,482 13,101
U.S. Treasury securities 12,957 - 2,339 - 9,717 11,784
Federal agency debt securities 1,330 + 28 + 235 1,317

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, April 2, 2014

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 0 15 82 0 0 ... 97
U.S. Treasury securities (2)
Holdings 0 39 142 849,904 853,179 617,389 2,320,653
Weekly changes - 1 + 1 0 + 17,974 - 11,100 + 2,241 + 9,114
Federal agency debt securities (3)
Holdings 749 2,935 6,782 34,530 0 2,347 47,343
Weekly changes + 749 - 749 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 6 2,901 1,600,201 1,603,108
Weekly changes 0 0 0 + 1 - 1 + 4 + 4
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) 0 407 0 0 0 0 407

Reverse repurchase agreements (6) 197,200 0 ... ... ... ... 197,200
Term deposits 14,251 0 0 ... ... ... 14,251

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
Apr 2, 2014

Mortgage-backed securities held outright (1) 1,603,108

Commitments to buy mortgage-backed securities (2) 55,302
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 5

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
Apr 2, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,584

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
Apr 2, 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
Apr 2, 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
Apr 2, 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 Apr 2, 2014 Wednesday Wednesday
consolidation Mar 26, 2014 Apr 3, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,939 + 1 - 158
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,163,692 + 8,439 +1,024,363
Securities held outright (1) 3,971,104 + 9,119 +1,022,068
U.S. Treasury securities 2,320,653 + 9,114 + 515,014
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,212,100 + 9,022 + 496,309
Notes and bonds, inflation-indexed (2) 94,565 0 + 15,686
Inflation compensation (3) 13,987 + 91 + 3,018
Federal agency debt securities (2) 47,343 0 - 25,080
Mortgage-backed securities (4) 1,603,108 + 4 + 532,134
Unamortized premiums on securities held outright
(5) 209,648 - 298 + 18,109
Unamortized discounts on securities held outright
(5) -17,157 - 374 - 15,517
Repurchase agreements (6) 0 0 0
Loans 97 - 8 - 297
Net portfolio holdings of Maiden Lane LLC (7) 1,584 - 1 + 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) 125 + 34 - 2
Bank premises 2,269 - 7 - 28
Central bank liquidity swaps (11) 407 - 52 - 7,649
Foreign currency denominated assets (12) 24,013 - 88 + 105
Other assets (13) 25,985 + 1,144 + 4,490

Total assets (0) 4,236,441 + 9,470 +1,021,009

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 Apr 2, 2014 Wednesday Wednesday
consolidation Mar 26, 2014 Apr 3, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,226,950 + 2,154 + 90,007
Reverse repurchase agreements (14) 197,200 - 595 + 103,033
Deposits (0) 2,749,450 + 7,508 + 831,032
Term deposits held by depository institutions 14,251 - 1,162 + 11,206
Other deposits held by depository institutions 2,611,768 + 599 + 773,938
U.S. Treasury, General Account 107,199 + 18,132 + 47,139
Foreign official 6,980 - 48 - 2,206
Other (15) (0) 9,252 - 10,013 + 954
Deferred availability cash items (0) 834 + 161 - 45
Other liabilities and accrued dividends (16) 5,907 + 242 - 3,987

Total liabilities (0) 4,180,341 + 9,471 +1,020,041

Capital accounts
Capital paid in 28,050 0 + 484
Surplus 28,050 0 + 484
Other capital accounts 0 0 0

Total capital 56,100 - 1 + 968

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, April 2, 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 1,939 36 94 125 126 334 221 276 23 48 153 175 327
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,163,692 108,874 2,308,966 120,637 106,334 258,896 276,582 224,991 66,993 39,519 78,771 161,683 411,446
Securities held outright (1) 3,971,104 103,840 2,202,140 115,060 101,418 246,926 263,795 214,584 63,896 37,683 75,129 154,208 392,424
U.S. Treasury securities 2,320,653 60,683 1,286,897 67,239 59,267 144,300 154,158 125,400 37,340 22,021 43,904 90,117 229,327
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,320,653 60,683 1,286,897 67,239 59,267 144,300 154,158 125,400 37,340 22,021 43,904 90,117 229,327
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) 1,603,108 41,920 888,989 46,449 40,942 99,683 106,492 86,626 25,794 15,212 30,329 62,253 158,419
Unamortized premiums on securities held
outright (5) 209,648 5,482 116,258 6,074 5,354 13,036 13,927 11,329 3,373 1,989 3,966 8,141 20,717
Unamortized discounts on securities
held outright (5) -17,157 -449 -9,514 -497 -438 -1,067 -1,140 -927 -276 -163 -325 -666 -1,695
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 97 0 82 0 0 0 0 5 0 9 1 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,584 0 1,584 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 125 1 0 0 0 0 124 0 0 0 0 0 0
Bank premises 2,269 122 427 72 110 226 210 200 125 99 245 230 202
Central bank liquidity swaps (11) 407 19 131 31 32 85 23 11 3 2 4 7 59
Foreign currency denominated assets (12) 24,013 1,089 7,774 1,800 1,904 4,992 1,376 661 201 101 252 400 3,464
Other assets (13) 25,985 707 14,083 875 660 1,760 1,710 1,377 474 310 505 1,009 2,514
Interdistrict settlement account 0 - 19,239 + 231,242 - 5,544 - 19,708 - 27,118 - 47,223 - 74,138 - 20,866 - 14,901 - 26,431 - 23,540 + 47,465

Total assets 4,236,441 92,195 2,570,234 118,603 90,207 240,442 235,100 154,595 47,414 25,458 53,962 140,975 467,257

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, April 2, 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 1,427,845 44,793 522,433 43,244 60,830 103,086 187,053 88,107 36,975 21,130 37,179 118,274 164,743
Less: Notes held by F.R. Banks 200,896 4,420 55,993 4,709 7,821 10,099 19,842 13,121 4,846 6,662 9,006 35,758 28,617
Federal Reserve notes, net 1,226,950 40,373 466,439 38,535 53,010 92,987 167,211 74,985 32,128 14,469 28,173 82,516 136,125
Reverse repurchase agreements (14) 197,200 5,157 109,355 5,714 5,036 12,262 13,100 10,656 3,173 1,871 3,731 7,658 19,487
Deposits 2,749,450 43,940 1,973,388 69,906 27,538 123,170 50,381 67,072 11,452 8,691 21,323 49,618 302,971
Term deposits held by depository
institutions 14,251 10 10,650 0 0 15 655 1,355 49 52 5 205 1,255
Other deposits held by depository
institutions 2,611,768 43,927 1,839,617 69,875 27,535 122,912 49,718 65,710 11,403 8,639 21,312 49,412 301,709
U.S. Treasury, General Account 107,199 0 107,199 0 0 0 0 0 0 0 0 0 0
Foreign official 6,980 2 6,953 3 3 8 2 1 0 0 0 1 6
Other (15) 9,252 1 8,968 28 0 235 6 6 0 0 5 0 1
Deferred availability cash items 834 0 0 0 0 0 770 0 0 65 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,725 39 1,009 33 20 59 136 106 36 19 37 77 154
Other liabilities and accrued
dividends (17) 4,182 152 1,687 196 192 490 319 256 130 111 113 184 352

Total liabilities 4,180,341 89,660 2,551,878 114,383 85,796 228,968 231,917 153,074 46,920 25,226 53,377 140,052 459,091

Capital
Capital paid in 28,050 1,268 9,178 2,110 2,206 5,737 1,591 760 247 116 292 462 4,083
Surplus 28,050 1,268 9,178 2,110 2,206 5,737 1,591 760 247 116 292 462 4,083
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,236,441 92,195 2,570,234 118,603 90,207 240,442 235,100 154,595 47,414 25,458 53,962 140,975 467,257

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, April 2, 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
Apr 2, 2014

Federal Reserve notes outstanding 1,427,845
Less: Notes held by F.R. Banks not subject to collateralization 200,896
Federal Reserve notes to be collateralized 1,226,950
Collateral held against Federal Reserve notes 1,226,950
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,210,713
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,971,104
Less: Face value of securities under reverse repurchase agreements 189,187
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,781,916

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