FRB: H.4.1 Release--Factors Affecting Reserve Balances--May 29, 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 May 29, 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 May 28, 2014
Federal Reserve Banks May 28, 2014 May 21, 2014 May 29, 2013

Reserve Bank credit 4,284,618 + 7,748 + 931,925 4,279,648
Securities held outright (1) 4,066,187 + 6,502 + 937,429 4,062,788
U.S. Treasury securities 2,368,516 + 5,332 + 486,738 2,370,724
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,257,287 + 5,162 + 469,762 2,259,446
Notes and bonds, inflation-indexed (2) 96,068 0 + 14,422 96,068
Inflation compensation (3) 15,161 + 171 + 2,554 15,210
Federal agency debt securities (2) 44,082 0 - 27,805 44,082
Mortgage-backed securities (4) 1,653,589 + 1,170 + 478,496 1,647,982
Unamortized premiums on securities held outright (5) 209,652 - 252 + 8,642 209,412
Unamortized discounts on securities held outright (5) -17,917 - 56 - 16,195 -17,958
Repurchase agreements (6) 0 0 0 0
Loans 148 + 10 - 234 137
Primary credit 15 + 1 + 5 4
Secondary credit 0 0 0 0
Seasonal credit 53 + 9 + 2 54
Term Asset-Backed Securities Loan Facility (7) 79 - 2 - 242 79
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,656 0 + 228 1,656
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) 91 0 - 297 91
Float -528 + 83 + 135 -821
Central bank liquidity swaps (12) 174 - 126 - 1,597 174
Other Federal Reserve assets (13) 25,070 + 1,587 + 3,816 24,084
Foreign currency denominated assets (14) 23,977 - 124 + 794 23,954
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,861 + 14 + 788 45,861

Total factors supplying reserve funds 4,370,696 + 7,637 + 933,506 4,365,704

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 May 28, 2014
Federal Reserve Banks May 28, 2014 May 21, 2014 May 29, 2013

Currency in circulation (15) 1,280,449 + 5,018 + 89,724 1,281,792
Reverse repurchase agreements (16) 292,641 - 19,215 + 206,066 278,205
Foreign official and international accounts 107,672 + 1,279 + 21,097 106,936
Others 184,969 - 20,494 + 184,969 171,269
Treasury cash holdings 203 - 2 + 51 186
Deposits with F.R. Banks, other than reserve balances 103,750 + 50,217 - 12,382 64,720
Term deposits held by depository institutions 27,575 + 27,575 + 17,079 27,575
U.S. Treasury, General Account 33,573 - 4,172 + 20,071 22,950
Foreign official 7,786 - 9 - 3,245 7,788
Other (17) 34,816 + 26,824 - 46,286 6,406
Other liabilities and capital (18) 64,453 + 148 + 48 63,503

Total factors, other than reserve balances,
absorbing reserve funds 1,741,497 + 36,167 + 283,508 1,688,406

Reserve balances with Federal Reserve Banks 2,629,199 - 28,530 + 649,999 2,677,298

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 May 28, 2014
May 28, 2014 May 21, 2014 May 29, 2013

Securities held in custody for foreign official and
international accounts 3,278,890 + 6,667 - 35,969 3,276,810
Marketable U.S. Treasury securities (1) 2,943,337 + 5,927 - 28,780 2,941,814
Federal agency debt and mortgage-backed securities (2) 293,840 + 1,389 - 10,679 293,465
Other securities (3) 41,712 - 650 + 3,489 41,530
Securities lent to dealers 9,539 - 279 - 11,703 8,726
Overnight facility (4) 9,539 - 279 - 11,703 8,726
U.S. Treasury securities 8,497 - 375 - 11,614 7,868
Federal agency debt securities 1,042 + 96 - 89 858

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, May 28, 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) 58 15 64 0 0 ... 137
U.S. Treasury securities (2)
Holdings 37 42 1,999 908,671 826,853 633,122 2,370,724
Weekly changes 0 0 0 + 22 + 2,379 + 1,087 + 3,488
Federal agency debt securities (3)
Holdings 0 2,520 5,667 33,548 0 2,347 44,082
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 8 3,665 1,644,309 1,647,982
Weekly changes 0 0 0 0 - 59 - 7,774 - 7,833
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) 0 174 0 0 0 0 174

Reverse repurchase agreements (6) 278,205 0 ... ... ... ... 278,205
Term deposits 27,575 0 0 ... ... ... 27,575

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
May 28, 2014

Mortgage-backed securities held outright (1) 1,647,982

Commitments to buy mortgage-backed securities (2) 52,812
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 28

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
May 28, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,656

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 March 31, 2014. 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
May 28, 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 March 31, 2014. 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
May 28, 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
May 28, 2014

Asset-backed securities holdings (1) 0
Other investments, net 91
Net portfolio holdings of TALF LLC 91

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 May 28, 2014 Wednesday Wednesday
consolidation May 21, 2014 May 29, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,864 - 30 - 102
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,254,380 - 4,943 + 935,480
Securities held outright (1) 4,062,788 - 4,345 + 943,406
U.S. Treasury securities 2,370,724 + 3,488 + 487,165
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,259,446 + 3,327 + 470,158
Notes and bonds, inflation-indexed (2) 96,068 0 + 14,422
Inflation compensation (3) 15,210 + 161 + 2,586
Federal agency debt securities (2) 44,082 0 - 26,808
Mortgage-backed securities (4) 1,647,982 - 7,833 + 483,048
Unamortized premiums on securities held outright
(5) 209,412 - 523 + 8,588
Unamortized discounts on securities held outright
(5) -17,958 - 65 - 16,234
Repurchase agreements (6) 0 0 0
Loans 137 - 10 - 281
Net portfolio holdings of Maiden Lane LLC (7) 1,656 0 + 232
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) 91 0 - 297
Items in process of collection (0) 129 + 40 - 386
Bank premises 2,271 + 2 - 33
Central bank liquidity swaps (11) 174 - 126 - 1,597
Foreign currency denominated assets (12) 23,954 - 96 + 716
Other assets (13) 21,813 + 247 + 3,514

Total assets (0) 4,322,654 - 4,906 + 937,526

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 May 28, 2014 Wednesday Wednesday
consolidation May 21, 2014 May 29, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,237,978 + 4,387 + 88,643
Reverse repurchase agreements (14) 278,205 - 46,496 + 190,028
Deposits (0) 2,742,018 + 36,781 + 658,685
Term deposits held by depository institutions 27,575 + 27,575 + 17,079
Other deposits held by depository institutions 2,677,298 + 19,165 + 654,709
U.S. Treasury, General Account 22,950 - 8,178 + 8,652
Foreign official 7,788 + 11 - 3,236
Other (15) (0) 6,406 - 1,792 - 18,519
Deferred availability cash items (0) 951 + 298 - 676
Other liabilities and accrued dividends (16) 7,162 + 126 - 289

Total liabilities (0) 4,266,313 - 4,904 + 936,390

Capital accounts
Capital paid in 28,171 - 1 + 569
Surplus 28,171 - 1 + 569
Other capital accounts 0 0 0

Total capital 56,342 - 1 + 1,137

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, May 28, 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 1,864 29 84 119 118 315 218 274 20 45 148 173 322
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,254,380 86,056 2,611,179 101,919 92,885 237,772 235,175 173,888 52,479 26,096 56,047 129,630 451,253
Securities held outright (1) 4,062,788 82,183 2,493,591 97,332 88,705 227,072 224,589 166,052 50,112 24,898 53,516 123,794 430,944
U.S. Treasury securities 2,370,724 47,956 1,455,064 56,795 51,761 132,501 131,052 96,895 29,241 14,529 31,228 72,237 251,465
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,370,724 47,956 1,455,064 56,795 51,761 132,501 131,052 96,895 29,241 14,529 31,228 72,237 251,465
Federal agency debt securities (2) 44,082 892 27,056 1,056 962 2,464 2,437 1,802 544 270 581 1,343 4,676
Mortgage-backed securities (4) 1,647,982 33,336 1,011,471 39,481 35,981 92,107 91,099 67,355 20,327 10,099 21,708 50,214 174,803
Unamortized premiums on securities held
outright (5) 209,412 4,236 128,530 5,017 4,572 11,704 11,576 8,559 2,583 1,283 2,758 6,381 22,213
Unamortized discounts on securities
held outright (5) -17,958 -363 -11,022 -430 -392 -1,004 -993 -734 -221 -110 -237 -547 -1,905
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 137 0 80 0 0 0 3 11 6 24 9 3 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,656 0 1,656 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) 91 0 91 0 0 0 0 0 0 0 0 0 0
Items in process of collection 129 0 2 0 0 0 127 0 0 0 0 0 0
Bank premises 2,271 122 431 73 110 224 210 200 125 98 245 230 202
Central bank liquidity swaps (11) 174 8 56 13 14 36 10 5 1 1 2 3 25
Foreign currency denominated assets (12) 23,954 1,089 7,705 1,801 1,905 4,995 1,377 661 201 101 252 400 3,466
Other assets (13) 21,813 473 12,960 649 474 1,365 1,191 878 310 198 307 774 2,235
Interdistrict settlement account 0 + 18,234 + 12,655 + 4,197 - 5,140 - 12,101 + 13,114 - 19,014 - 9,945 - 2,788 - 3,589 - 243 + 4,621

Total assets 4,322,654 106,560 2,652,846 109,319 91,066 233,843 253,426 158,022 43,620 24,014 53,855 132,129 463,955

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, May 28, 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 1,457,943 45,466 510,816 43,514 63,143 105,095 213,076 92,982 36,645 21,679 37,874 116,863 170,789
Less: Notes held by F.R. Banks 219,966 4,735 72,605 5,897 8,933 11,317 22,042 14,950 4,719 5,666 6,264 32,157 30,680
Federal Reserve notes, net 1,237,978 40,731 438,211 37,618 54,211 93,777 191,034 78,033 31,926 16,013 31,610 84,706 140,109
Reverse repurchase agreements (14) 278,205 5,628 170,752 6,665 6,074 15,549 15,379 11,371 3,431 1,705 3,665 8,477 29,509
Deposits 2,742,018 57,460 2,021,855 60,493 26,086 112,307 42,469 66,753 7,616 5,856 17,850 37,765 285,508
Term deposits held by depository
institutions 27,575 10 20,973 0 0 20 305 3,006 20 42 89 205 2,906
Other deposits held by depository
institutions 2,677,298 57,428 1,963,961 60,464 26,083 112,129 42,155 63,757 7,595 5,814 17,759 37,557 282,596
U.S. Treasury, General Account 22,950 0 22,950 0 0 0 0 0 0 0 0 0 0
Foreign official 7,788 2 7,761 3 3 8 2 1 0 0 0 1 6
Other (15) 6,406 20 6,210 26 0 150 7 -12 0 0 1 3 1
Deferred availability cash items 951 0 0 0 0 0 866 0 0 85 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,965 34 1,242 41 37 86 112 80 26 13 26 64 205
Other liabilities and accrued
dividends (17) 5,197 172 2,404 222 220 592 347 259 126 111 120 190 433

Total liabilities 4,266,313 104,024 2,634,463 105,039 86,627 222,311 250,208 156,495 43,125 23,783 53,270 131,202 455,764

Capital
Capital paid in 28,171 1,268 9,191 2,140 2,219 5,766 1,609 764 247 115 293 464 4,095
Surplus 28,171 1,268 9,191 2,140 2,219 5,766 1,609 764 247 115 293 464 4,095
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,322,654 106,560 2,652,846 109,319 91,066 233,843 253,426 158,022 43,620 24,014 53,855 132,129 463,955

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, May 28, 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
May 28, 2014

Federal Reserve notes outstanding 1,457,943
Less: Notes held by F.R. Banks not subject to collateralization 219,966
Federal Reserve notes to be collateralized 1,237,978
Collateral held against Federal Reserve notes 1,237,978
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,221,741
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,062,788
Less: Face value of securities under reverse repurchase agreements 271,883
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,790,904

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