FRB: H.4.1 Release--Factors Affecting Reserve Balances--June 12, 2014

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 12, 2014

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been corrected to include securities pledged as collateral
for tri-party reverse repurchase agreements shown in table 10 as "Less: Face value of securities under reverse
repurchase agreements."
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. Historical releases incorporating this correction
can be accessed at http://www.federalreserve.gov/releases/h41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks June 12, 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 Jun 11, 2014
Federal Reserve Banks Jun 11, 2014 Jun 4, 2014 Jun 12, 2013

Reserve Bank credit 4,293,658 + 8,785 + 929,658 4,298,214
Securities held outright (1) 4,074,203 + 6,953 + 935,022 4,077,886
U.S. Treasury securities 2,382,132 + 6,947 + 478,836 2,385,801
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,270,682 + 6,853 + 462,045 2,274,320
Notes and bonds, inflation-indexed (2) 96,068 0 + 14,028 96,068
Inflation compensation (3) 15,382 + 94 + 2,763 15,414
Federal agency debt securities (2) 44,082 0 - 26,808 44,082
Mortgage-backed securities (4) 1,647,989 + 6 + 482,994 1,648,003
Unamortized premiums on securities held outright (5) 209,184 - 118 + 8,276 209,101
Unamortized discounts on securities held outright (5) -18,231 - 152 - 16,258 -18,269
Repurchase agreements (6) 0 0 0 0
Loans 169 + 12 - 167 183
Primary credit 9 - 7 - 6 16
Secondary credit 0 0 0 0
Seasonal credit 81 + 20 + 31 88
Term Asset-Backed Securities Loan Facility (7) 79 0 - 192 79
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,654 - 1 + 230 1,654
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) 90 - 1 - 191 90
Float -599 + 14 + 194 -614
Central bank liquidity swaps (12) 174 0 - 1,597 174
Other Federal Reserve assets (13) 26,929 + 2,078 + 4,150 27,925
Foreign currency denominated assets (14) 23,907 - 71 - 31 23,874
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,889 + 14 + 789 45,889

Total factors supplying reserve funds 4,379,694 + 8,727 + 930,415 4,384,218

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 Jun 11, 2014
Federal Reserve Banks Jun 11, 2014 Jun 4, 2014 Jun 12, 2013

Currency in circulation (15) 1,279,588 - 879 + 90,538 1,279,893
Reverse repurchase agreements (16) 206,918 - 49,484 + 116,372 213,136
Foreign official and international accounts 102,361 - 5,765 + 11,815 102,261
Others 104,557 - 43,720 + 104,557 110,875
Treasury cash holdings 188 + 1 + 52 181
Deposits with F.R. Banks, other than reserve balances 118,830 + 28,205 + 44,368 117,976
Term deposits held by depository institutions 59,102 + 16,198 + 48,606 59,102
U.S. Treasury, General Account 46,921 + 13,026 + 3,865 42,420
Foreign official 6,215 - 1,578 - 3,645 5,946
Other (17) 6,592 + 559 - 4,459 10,508
Other liabilities and capital (18) 64,660 + 445 + 622 63,791

Total factors, other than reserve balances,
absorbing reserve funds 1,670,184 - 21,711 + 251,952 1,674,977

Reserve balances with Federal Reserve Banks 2,709,510 + 30,439 + 678,463 2,709,241

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 Jun 11, 2014
Jun 11, 2014 Jun 4, 2014 Jun 12, 2013

Securities held in custody for foreign official and
international accounts 3,308,058 + 12,490 - 6,292 3,306,293
Marketable U.S. Treasury securities (1) 2,972,352 + 12,444 - 1,283 2,970,633
Federal agency debt and mortgage-backed securities (2) 294,240 + 102 - 8,357 294,286
Other securities (3) 41,467 - 55 + 3,349 41,374
Securities lent to dealers 12,254 + 1,685 - 5,888 12,541
Overnight facility (4) 12,254 + 1,685 - 5,888 12,541
U.S. Treasury securities 11,448 + 1,921 - 5,720 11,715
Federal agency debt securities 807 - 234 - 166 826

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, June 11, 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) 28 91 64 0 0 ... 183
U.S. Treasury securities (2)
Holdings 0 47 1,994 929,168 816,849 637,742 2,385,801
Weekly changes 0 0 0 + 3,025 + 2,529 + 2,062 + 7,615
Federal agency debt securities (3)
Holdings 423 2,097 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 9 3,696 1,644,298 1,648,003
Weekly changes 0 0 0 0 0 + 20 + 20
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) 50 124 0 0 0 0 174

Reverse repurchase agreements (6) 213,136 0 ... ... ... ... 213,136
Term deposits 59,102 0 0 ... ... ... 59,102

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
Jun 11, 2014

Mortgage-backed securities held outright (1) 1,648,003

Commitments to buy mortgage-backed securities (2) 69,981
Commitments to sell mortgage-backed securities (2) 300

Cash and cash equivalents (3) 2

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
Jun 11, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,654

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
Jun 11, 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
Jun 11, 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
Jun 11, 2014

Asset-backed securities holdings (1) 0
Other investments, net 90
Net portfolio holdings of TALF LLC 90

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 Jun 11, 2014 Wednesday Wednesday
consolidation Jun 4, 2014 Jun 12, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,880 + 22 - 99
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,268,901 + 7,291 + 927,681
Securities held outright (1) 4,077,886 + 7,635 + 935,910
U.S. Treasury securities 2,385,801 + 7,615 + 479,722
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,274,320 + 7,530 + 463,903
Notes and bonds, inflation-indexed (2) 96,068 0 + 13,042
Inflation compensation (3) 15,414 + 86 + 2,778
Federal agency debt securities (2) 44,082 0 - 26,808
Mortgage-backed securities (4) 1,648,003 + 20 + 482,995
Unamortized premiums on securities held outright
(5) 209,101 - 209 + 8,176
Unamortized discounts on securities held outright
(5) -18,269 - 155 - 16,207
Repurchase agreements (6) 0 0 0
Loans 183 + 19 - 197
Net portfolio holdings of Maiden Lane LLC (7) 1,654 0 + 229
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) 90 - 1 - 191
Items in process of collection (0) 84 - 1 - 8
Bank premises 2,262 + 1 - 37
Central bank liquidity swaps (11) 174 0 - 1,597
Foreign currency denominated assets (12) 23,874 - 27 - 348
Other assets (13) 25,663 + 2,702 + 4,432

Total assets (0) 4,340,904 + 9,987 + 930,062

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 Jun 11, 2014 Wednesday Wednesday
consolidation Jun 4, 2014 Jun 12, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,236,061 - 997 + 89,463
Reverse repurchase agreements (14) 213,136 - 19,818 + 126,859
Deposits (0) 2,827,218 + 30,394 + 713,608
Term deposits held by depository institutions 59,102 + 16,198 + 48,606
Other deposits held by depository institutions 2,709,242 + 1,178 + 668,515
U.S. Treasury, General Account 42,420 + 10,518 + 3,136
Foreign official 5,946 - 1,833 - 3,765
Other (15) (0) 10,508 + 4,333 - 2,883
Deferred availability cash items (0) 698 - 116 - 276
Other liabilities and accrued dividends (16) 7,481 + 527 - 933

Total liabilities (0) 4,284,593 + 9,989 + 928,721

Capital accounts
Capital paid in 28,155 - 1 + 670
Surplus 28,155 - 1 + 670
Other capital accounts 0 0 0

Total capital 56,310 - 3 + 1,341

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, June 11, 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 1,880 32 82 119 119 316 222 275 22 46 151 177 320
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,268,901 86,349 2,620,063 102,266 93,201 238,582 235,985 174,482 52,667 26,195 56,239 130,071 452,801
Securities held outright (1) 4,077,886 82,488 2,502,858 97,694 89,034 227,916 225,423 166,669 50,298 24,991 53,715 124,254 432,546
U.S. Treasury securities 2,385,801 48,261 1,464,318 57,157 52,090 133,344 131,886 97,511 29,427 14,621 31,427 72,696 253,064
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,385,801 48,261 1,464,318 57,157 52,090 133,344 131,886 97,511 29,427 14,621 31,427 72,696 253,064
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) 1,648,003 33,336 1,011,484 39,481 35,982 92,108 91,101 67,356 20,327 10,100 21,708 50,215 174,805
Unamortized premiums on securities held
outright (5) 209,101 4,230 128,339 5,009 4,565 11,687 11,559 8,546 2,579 1,281 2,754 6,371 22,180
Unamortized discounts on securities
held outright (5) -18,269 -370 -11,213 -438 -399 -1,021 -1,010 -747 -225 -112 -241 -557 -1,938
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 183 0 79 1 0 0 13 13 15 35 10 3 14
Net portfolio holdings of Maiden
Lane LLC (7) 1,654 0 1,654 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) 90 0 90 0 0 0 0 0 0 0 0 0 0
Items in process of collection 84 0 0 0 0 0 83 0 0 0 0 0 0
Bank premises 2,262 122 430 73 110 224 209 199 125 98 244 226 202
Central bank liquidity swaps (11) 174 8 56 13 14 36 10 5 1 1 2 3 25
Foreign currency denominated assets (12) 23,874 1,086 7,680 1,795 1,898 4,978 1,372 659 201 101 251 399 3,454
Other assets (13) 25,663 554 15,342 742 560 1,590 1,417 1,041 367 225 356 823 2,647
Interdistrict settlement account 0 + 14,045 - 14,700 + 2,627 - 2,444 + 4,195 + 11,159 - 25,874 - 9,634 - 3,153 - 4,375 - 1,203 + 29,356

Total assets 4,340,904 102,742 2,636,725 108,183 94,159 251,157 252,462 151,916 44,176 23,775 53,312 131,659 490,636

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, June 11, 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 1,455,319 45,398 507,498 43,366 63,904 105,608 213,213 93,228 36,605 21,397 37,734 116,394 170,975
Less: Notes held by F.R. Banks 219,258 4,735 70,199 6,116 9,502 11,489 22,371 15,333 4,849 5,414 6,172 32,293 30,785
Federal Reserve notes, net 1,236,061 40,663 437,299 37,250 54,402 94,119 190,841 77,896 31,755 15,983 31,561 84,101 140,190
Reverse repurchase agreements (14) 213,136 4,311 130,815 5,106 4,653 11,912 11,782 8,711 2,629 1,306 2,807 6,494 22,608
Deposits 2,827,218 54,986 2,046,564 61,318 30,388 132,855 45,527 63,414 9,132 6,037 18,200 39,866 318,932
Term deposits held by depository
institutions 59,102 0 50,373 0 0 48 365 5,105 50 42 4 205 2,910
Other deposits held by depository
institutions 2,709,242 54,978 1,937,533 61,283 30,384 132,667 45,153 58,300 9,082 5,995 18,194 39,659 316,015
U.S. Treasury, General Account 42,420 0 42,420 0 0 0 0 0 0 0 0 0 0
Foreign official 5,946 2 5,919 3 3 8 2 1 0 0 0 1 6
Other (15) 10,508 6 10,319 32 0 132 7 8 0 0 1 2 1
Deferred availability cash items 698 0 0 0 0 0 614 0 0 84 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,161 42 1,351 48 41 138 113 88 24 11 26 62 216
Other liabilities and accrued
dividends (17) 5,319 182 2,311 235 236 606 370 280 141 120 132 207 500

Total liabilities 4,284,593 100,184 2,618,339 103,957 89,720 239,631 249,247 150,389 43,681 23,541 52,727 130,731 482,445

Capital
Capital paid in 28,155 1,279 9,193 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095
Surplus 28,155 1,279 9,193 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,340,904 102,742 2,636,725 108,183 94,159 251,157 252,462 151,916 44,176 23,775 53,312 131,659 490,636

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, June 11, 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
Jun 11, 2014

Federal Reserve notes outstanding 1,455,319
Less: Notes held by F.R. Banks not subject to collateralization 219,258
Federal Reserve notes to be collateralized 1,236,061
Collateral held against Federal Reserve notes 1,236,061
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,219,824
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,077,886
Less: Face value of securities under reverse repurchase agreements 206,185
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,871,701

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