FRB: H.4.1 Release--Factors Affecting Reserve Balances--April 24, 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 24, 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 23, 2014
Federal Reserve Banks Apr 23, 2014 Apr 16, 2014 Apr 24, 2013

Reserve Bank credit 4,245,956 + 7,831 + 975,094 4,253,405
Securities held outright (1) 4,018,932 + 7,173 + 978,882 4,025,867
U.S. Treasury securities 2,338,256 + 6,682 + 506,889 2,341,768
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,228,502 + 6,588 + 489,239 2,231,979
Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112 95,389
Inflation compensation (3) 14,365 + 95 + 2,539 14,399
Federal agency debt securities (2) 46,361 - 768 - 25,692 44,965
Mortgage-backed securities (4) 1,634,315 + 1,259 + 497,685 1,639,134
Unamortized premiums on securities held outright (5) 210,001 - 206 + 14,374 210,075
Unamortized discounts on securities held outright (5) -17,553 - 101 - 15,889 -17,626
Repurchase agreements (6) 0 0 0 0
Loans 108 + 7 - 301 106
Primary credit 10 + 7 - 7 5
Secondary credit 0 0 0 0
Seasonal credit 17 + 1 + 4 20
Term Asset-Backed Securities Loan Facility (7) 82 0 - 296 81
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,586 0 + 177 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) 92 0 - 301 92
Float -523 + 109 + 107 -564
Central bank liquidity swaps (12) 407 0 - 7,145 407
Other Federal Reserve assets (13) 32,820 + 848 + 5,190 33,377
Foreign currency denominated assets (14) 24,124 - 118 + 622 24,140
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,762 + 14 + 747 45,762

Total factors supplying reserve funds 4,332,083 + 7,726 + 976,463 4,339,548

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 23, 2014
Federal Reserve Banks Apr 23, 2014 Apr 16, 2014 Apr 24, 2013

Currency in circulation (15) 1,270,093 - 399 + 91,263 1,270,744
Reverse repurchase agreements (16) 210,672 + 33,429 + 116,438 256,532
Foreign official and international accounts 105,041 + 6,234 + 10,807 108,581
Others 105,632 + 27,196 + 105,632 147,951
Treasury cash holdings 238 + 7 + 55 237
Deposits with F.R. Banks, other than reserve balances 146,401 + 59,756 - 51,474 165,772
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 111,394 + 45,937 - 17,306 150,225
Foreign official 7,098 + 120 - 2,772 7,803
Other (17) 27,908 + 13,697 - 31,397 7,743
Other liabilities and capital (18) 63,546 - 1,455 - 2,830 62,547

Total factors, other than reserve balances,
absorbing reserve funds 1,690,951 + 91,338 + 153,452 1,755,833

Reserve balances with Federal Reserve Banks 2,641,132 - 83,612 + 823,010 2,583,715

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 23, 2014
Apr 23, 2014 Apr 16, 2014 Apr 24, 2013

Securities held in custody for foreign official and
international accounts 3,294,846 - 6,066 - 2,834 3,278,134
Marketable U.S. Treasury securities (1) 2,957,070 - 3,744 + 12,450 2,943,644
Federal agency debt and mortgage-backed securities (2) 295,283 - 2,090 - 19,547 292,842
Other securities (3) 42,494 - 231 + 4,264 41,648
Securities lent to dealers 12,060 + 1,031 - 6,764 10,995
Overnight facility (4) 12,060 + 1,031 - 6,764 10,995
U.S. Treasury securities 10,967 + 1,165 - 7,025 9,787
Federal agency debt securities 1,094 - 133 + 262 1,208

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 23, 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) 22 3 81 0 0 ... 106
U.S. Treasury securities (2)
Holdings 1 38 143 856,629 860,175 624,781 2,341,768
Weekly changes 0 0 0 + 3,478 + 194 + 2,104 + 5,777
Federal agency debt securities (3)
Holdings 0 2,315 6,755 33,548 0 2,347 44,965
Weekly changes - 1,629 0 0 0 0 0 - 1,629
Mortgage-backed securities (4)
Holdings 0 0 0 6 3,454 1,635,674 1,639,134
Weekly changes 0 0 0 0 + 7 + 6,498 + 6,505
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) 231 176 0 0 0 0 407

Reverse repurchase agreements (6) 256,532 0 ... ... ... ... 256,532
Term deposits 0 0 0 ... ... ... 0

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

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

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Apr 23, 2014

Mortgage-backed securities held outright (1) 1,639,134

Commitments to buy mortgage-backed securities (2) 39,987
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 56

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 23, 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
Apr 23, 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 23, 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 23, 2014

Asset-backed securities holdings (1) 0
Other investments, net 92
Net portfolio holdings of TALF LLC 92

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 23, 2014 Wednesday Wednesday
consolidation Apr 16, 2014 Apr 24, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,903 - 20 - 144
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,218,422 + 10,489 + 979,284
Securities held outright (1) 4,025,867 + 10,652 + 981,580
U.S. Treasury securities 2,341,768 + 5,777 + 505,541
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,231,979 + 5,682 + 487,919
Notes and bonds, inflation-indexed (2) 95,389 0 + 15,112
Inflation compensation (3) 14,399 + 94 + 2,508
Federal agency debt securities (2) 44,965 - 1,629 - 27,088
Mortgage-backed securities (4) 1,639,134 + 6,505 + 503,127
Unamortized premiums on securities held outright
(5) 210,075 - 44 + 13,981
Unamortized discounts on securities held outright
(5) -17,626 - 122 - 15,964
Repurchase agreements (6) 0 0 0
Loans 106 + 2 - 312
Net portfolio holdings of Maiden Lane LLC (7) 1,585 - 1 + 161
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) 92 0 - 301
Items in process of collection (0) 91 - 18 - 43
Bank premises 2,272 + 1 - 29
Central bank liquidity swaps (11) 407 0 - 7,145
Foreign currency denominated assets (12) 24,140 - 3 + 713
Other assets (13) 31,105 + 1,925 + 5,195

Total assets (0) 4,296,339 + 12,372 + 977,690

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 23, 2014 Wednesday Wednesday
consolidation Apr 16, 2014 Apr 24, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,227,118 - 371 + 89,513
Reverse repurchase agreements (14) 256,532 + 83,017 + 166,077
Deposits (0) 2,749,487 - 69,275 + 724,486
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,583,715 - 87,089 + 834,228
U.S. Treasury, General Account 150,225 + 15,742 - 17,396
Foreign official 7,803 + 825 - 2,066
Other (15) (0) 7,743 + 1,245 - 90,280
Deferred availability cash items (0) 655 - 117 - 198
Other liabilities and accrued dividends (16) 6,430 - 901 - 3,178

Total liabilities (0) 4,240,222 + 12,352 + 976,701

Capital accounts
Capital paid in 28,059 + 11 + 495
Surplus 28,059 + 11 + 495
Other capital accounts 0 0 0

Total capital 56,118 + 21 + 990

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 23, 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 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,903 34 90 122 121 325 231 273 22 47 151 171 317
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,218,422 85,329 2,589,130 101,058 92,100 235,765 233,190 172,414 52,032 25,861 55,567 128,533 447,443
Securities held outright (1) 4,025,867 81,436 2,470,930 96,448 87,899 225,008 222,548 164,543 49,656 24,672 53,030 122,669 427,028
U.S. Treasury securities 2,341,768 47,370 1,437,292 56,102 51,129 130,883 129,452 95,711 28,884 14,351 30,847 71,354 248,394
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,341,768 47,370 1,437,292 56,102 51,129 130,883 129,452 95,711 28,884 14,351 30,847 71,354 248,394
Federal agency debt securities (2) 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769
Mortgage-backed securities (4) 1,639,134 33,157 1,006,041 39,269 35,788 91,612 90,610 66,994 20,218 10,045 21,591 49,945 173,865
Unamortized premiums on securities held
outright (5) 210,075 4,249 128,936 5,033 4,587 11,741 11,613 8,586 2,591 1,287 2,767 6,401 22,283
Unamortized discounts on securities
held outright (5) -17,626 -357 -10,818 -422 -385 -985 -974 -720 -217 -108 -232 -537 -1,870
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 106 0 81 0 0 0 4 5 2 10 2 0 2
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) 92 0 92 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 2,272 123 428 73 110 226 210 200 126 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) 24,140 1,098 7,765 1,815 1,920 5,033 1,388 666 203 102 254 404 3,493
Other assets (13) 31,105 673 18,682 754 685 1,901 1,715 1,262 450 261 434 1,050 3,238
Interdistrict settlement account 0 + 7,811 + 56,232 + 4,689 - 12,166 - 15,615 + 6,906 - 19,814 - 8,782 - 2,982 - 4,483 + 1,271 - 13,067

Total assets 4,296,339 95,634 2,680,163 109,091 83,503 228,955 245,757 156,143 44,481 23,652 52,616 132,827 443,516

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 23, 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 1,454,701 44,787 519,149 43,548 60,980 103,896 209,828 91,303 36,810 21,107 37,811 117,585 167,898
Less: Notes held by F.R. Banks 227,583 4,690 74,467 5,426 8,449 11,144 23,486 14,274 4,889 6,278 7,173 35,761 31,547
Federal Reserve notes, net 1,227,118 40,097 444,682 38,122 52,530 92,752 186,342 77,030 31,921 14,829 30,638 81,824 136,351
Reverse repurchase agreements (14) 256,532 5,189 157,450 6,146 5,601 14,338 14,181 10,485 3,164 1,572 3,379 7,817 27,211
Deposits 2,749,487 47,612 2,056,593 60,351 20,715 109,781 41,016 66,765 8,747 6,821 17,887 42,018 271,180
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,583,715 47,610 1,891,089 60,321 20,712 109,582 41,007 66,757 8,746 6,821 17,886 42,011 271,173
U.S. Treasury, General Account 150,225 0 150,225 0 0 0 0 0 0 0 0 0 0
Foreign official 7,803 2 7,776 3 3 8 2 1 0 0 0 1 6
Other (15) 7,743 1 7,503 27 0 191 6 7 0 0 1 6 1
Deferred availability cash items 655 0 0 0 0 0 583 0 0 73 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,087 41 1,296 47 44 111 120 88 25 12 20 66 216
Other liabilities and accrued
dividends (17) 4,343 159 1,787 205 201 509 321 246 126 113 109 180 386

Total liabilities 4,240,222 93,099 2,661,807 104,871 79,091 217,490 242,564 154,614 43,983 23,420 52,034 131,904 435,344

Capital
Capital paid in 28,059 1,268 9,178 2,110 2,206 5,733 1,597 765 249 116 291 462 4,086
Surplus 28,059 1,268 9,178 2,110 2,206 5,733 1,597 765 249 116 291 462 4,086
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,296,339 95,634 2,680,163 109,091 83,503 228,955 245,757 156,143 44,481 23,652 52,616 132,827 443,516

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 23, 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 23, 2014

Federal Reserve notes outstanding 1,454,701
Less: Notes held by F.R. Banks not subject to collateralization 227,583
Federal Reserve notes to be collateralized 1,227,118
Collateral held against Federal Reserve notes 1,227,118
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,210,881
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,025,867
Less: Face value of securities under reverse repurchase agreements 248,956
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,776,911

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