FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 10, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 10, 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 Jul 9, 2014
Federal Reserve Banks Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Reserve Bank credit 4,336,642 + 6,028 + 880,325 4,340,528
Securities held outright (1) 4,113,143 + 4,446 + 887,796 4,116,066
U.S. Treasury securities 2,405,583 + 4,445 + 457,555 2,408,506
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,292,949 + 4,352 + 440,564 2,295,845
Notes and bonds, inflation-indexed (2) 96,771 0 + 13,745 96,771
Inflation compensation (3) 15,863 + 93 + 3,246 15,890
Federal agency debt securities (2) 43,659 0 - 25,521 43,659
Mortgage-backed securities (4) 1,663,901 + 1 + 455,762 1,663,901
Unamortized premiums on securities held outright (5) 209,105 - 288 + 5,237 209,158
Unamortized discounts on securities held outright (5) -18,514 - 19 - 16,047 -18,544
Repurchase agreements (6) 0 0 0 0
Loans 198 - 1 - 162 206
Primary credit 1 - 9 - 13 0
Secondary credit 0 0 0 0
Seasonal credit 147 + 7 + 56 157
Term Asset-Backed Securities Loan Facility (7) 49 0 - 206 49
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,655 + 1 + 241 1,655
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) 77 - 13 - 193 60
Float -738 - 130 + 166 -652
Central bank liquidity swaps (12) 124 0 - 1,383 124
Other Federal Reserve assets (13) 31,508 + 2,033 + 4,671 32,369
Foreign currency denominated assets (14) 23,965 - 93 + 795 24,009
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,954 + 14 + 785 45,954

Total factors supplying reserve funds 4,422,802 + 5,949 + 881,905 4,426,733

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 Jul 9, 2014
Federal Reserve Banks Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Currency in circulation (15) 1,288,698 + 6,340 + 87,626 1,288,142
Reverse repurchase agreements (16) 244,577 - 36,444 + 154,842 248,252
Foreign official and international accounts 106,222 - 3,607 + 16,487 103,331
Others 138,355 - 32,837 + 138,355 144,921
Treasury cash holdings 148 + 2 + 22 143
Deposits with F.R. Banks, other than reserve balances 202,556 - 7,880 + 85,502 194,135
Term deposits held by depository institutions 124,887 + 32,467 + 124,887 124,887
U.S. Treasury, General Account 63,826 - 36,259 - 24,864 56,503
Foreign official 5,868 - 73 - 4,090 5,866
Other (17) 7,975 - 4,015 - 10,431 6,878
Other liabilities and capital (18) 63,991 - 203 + 1,671 63,007

Total factors, other than reserve balances,
absorbing reserve funds 1,799,970 - 38,187 + 329,664 1,793,680

Reserve balances with Federal Reserve Banks 2,622,832 + 44,135 + 552,241 2,633,053

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 Jul 9, 2014
Jul 9, 2014 Jul 2, 2014 Jul 10, 2013

Securities held in custody for foreign official and
international accounts 3,309,094 + 5,327 + 24,425 3,314,066
Marketable U.S. Treasury securities (1) 2,975,142 + 4,988 + 29,448 2,980,627
Federal agency debt and mortgage-backed securities (2) 291,879 + 12 - 8,615 291,674
Other securities (3) 42,072 + 326 + 3,591 41,765
Securities lent to dealers 13,803 - 2,561 + 1,919 13,403
Overnight facility (4) 13,803 - 2,561 + 1,919 13,403
U.S. Treasury securities 12,673 - 2,453 + 1,708 12,238
Federal agency debt securities 1,130 - 108 + 211 1,165

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, July 9, 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) 39 153 14 0 0 ... 206
U.S. Treasury securities (2)
Holdings 0 47 1,995 949,862 811,565 645,037 2,408,506
Weekly changes 0 0 0 + 12 + 2,786 + 1,132 + 3,929
Federal agency debt securities (3)
Holdings 1,009 2,644 4,111 33,548 0 2,347 43,659
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,924 1,659,967 1,663,901
Weekly changes 0 0 0 0 + 199 - 199 0
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) 124 0 0 0 0 0 124

Reverse repurchase agreements (6) 248,252 0 ... ... ... ... 248,252
Term deposits 124,887 0 0 ... ... ... 124,887

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
Jul 9, 2014

Mortgage-backed securities held outright (1) 1,663,901

Commitments to buy mortgage-backed securities (2) 68,525
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 6

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
Jul 9, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,655

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
Jul 9, 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
Jul 9, 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
Jul 9, 2014

Asset-backed securities holdings (1) 0
Other investments, net 60
Net portfolio holdings of TALF LLC 60

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 Jul 9, 2014 Wednesday Wednesday
consolidation Jul 2, 2014 Jul 10, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,878 + 2 - 90
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,306,887 + 3,763 + 875,212
Securities held outright (1) 4,116,066 + 3,930 + 886,205
U.S. Treasury securities 2,408,506 + 3,929 + 455,977
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,295,845 + 3,841 + 438,973
Notes and bonds, inflation-indexed (2) 96,771 0 + 13,745
Inflation compensation (3) 15,890 + 88 + 3,259
Federal agency debt securities (2) 43,659 0 - 25,521
Mortgage-backed securities (4) 1,663,901 0 + 455,749
Unamortized premiums on securities held outright
(5) 209,158 - 157 + 5,201
Unamortized discounts on securities held outright
(5) -18,544 - 21 - 16,033
Repurchase agreements (6) 0 0 0
Loans 206 + 11 - 163
Net portfolio holdings of Maiden Lane LLC (7) 1,655 0 + 240
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) 60 - 30 - 208
Items in process of collection (0) 98 + 3 + 3
Bank premises 2,261 0 - 33
Central bank liquidity swaps (11) 124 0 - 1,355
Foreign currency denominated assets (12) 24,009 - 98 + 793
Other assets (13) 30,108 + 2,729 + 4,745

Total assets (0) 4,383,401 + 6,370 + 879,306

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 Jul 9, 2014 Wednesday Wednesday
consolidation Jul 2, 2014 Jul 10, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,244,205 + 538 + 87,349
Reverse repurchase agreements (14) 248,252 - 9,870 + 162,349
Deposits (0) 2,827,188 + 15,573 + 628,152
Term deposits held by depository institutions 124,887 + 32,467 + 124,887
Other deposits held by depository institutions 2,633,053 + 28,273 + 550,000
U.S. Treasury, General Account 56,503 - 44,582 - 18,751
Foreign official 5,866 - 75 - 4,078
Other (15) (0) 6,878 - 511 - 23,907
Deferred availability cash items (0) 749 - 38 - 130
Other liabilities and accrued dividends (16) 6,689 + 167 + 250

Total liabilities (0) 4,327,083 + 6,370 + 877,971

Capital accounts
Capital paid in 28,159 0 + 667
Surplus 28,159 0 + 667
Other capital accounts 0 0 0

Total capital 56,319 + 1 + 1,336

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, July 9, 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 1,878 33 81 119 119 315 220 276 22 45 150 179 320
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,306,887 87,117 2,643,333 103,175 94,030 240,703 238,092 176,043 53,155 26,450 56,737 131,233 456,819
Securities held outright (1) 4,116,066 83,261 2,526,291 98,608 89,868 230,050 227,534 168,229 50,769 25,225 54,218 125,418 436,595
U.S. Treasury securities 2,408,506 48,720 1,478,253 57,700 52,586 134,613 133,141 98,439 29,707 14,760 31,726 73,388 255,473
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,408,506 48,720 1,478,253 57,700 52,586 134,613 133,141 98,439 29,707 14,760 31,726 73,388 255,473
Federal agency debt securities (2) 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631
Mortgage-backed securities (4) 1,663,901 33,658 1,021,242 39,862 36,329 92,997 91,979 68,006 20,523 10,197 21,917 50,700 176,492
Unamortized premiums on securities held
outright (5) 209,158 4,231 128,374 5,011 4,567 11,690 11,562 8,549 2,580 1,282 2,755 6,373 22,186
Unamortized discounts on securities
held outright (5) -18,544 -375 -11,381 -444 -405 -1,036 -1,025 -758 -229 -114 -244 -565 -1,967
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 206 0 49 0 0 0 22 23 35 58 8 7 5
Net portfolio holdings of Maiden
Lane LLC (7) 1,655 0 1,655 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) 60 0 60 0 0 0 0 0 0 0 0 0 0
Items in process of collection 98 0 0 0 0 0 97 0 0 0 0 0 0
Bank premises 2,261 121 431 74 110 224 209 198 124 98 244 226 201
Central bank liquidity swaps (11) 124 6 40 9 10 26 7 3 1 1 1 2 18
Foreign currency denominated assets (12) 24,009 1,092 7,723 1,805 1,909 5,006 1,380 663 202 101 253 401 3,474
Other assets (13) 30,108 648 18,145 723 661 1,852 1,663 1,227 432 256 420 953 3,127
Interdistrict settlement account 0 + 27,975 - 24,854 + 8,242 + 3,751 - 10,863 + 9,295 - 20,635 - 10,778 - 3,407 - 3,772 - 4,256 + 29,300

Total assets 4,383,401 117,540 2,652,642 114,695 101,291 238,499 252,966 158,905 43,586 23,808 54,477 129,901 495,089

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, July 9, 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 1,451,650 45,247 500,608 42,986 65,176 105,714 212,899 93,630 37,118 21,200 37,541 115,949 173,583
Less: Notes held by F.R. Banks 207,445 4,919 66,666 6,076 8,727 10,792 20,748 14,712 4,933 4,947 5,335 31,022 28,567
Federal Reserve notes, net 1,244,205 40,328 433,942 36,910 56,449 94,922 192,151 78,918 32,185 16,252 32,206 84,926 145,016
Reverse repurchase agreements (14) 248,252 5,022 152,368 5,947 5,420 13,875 13,723 10,146 3,062 1,521 3,270 7,564 26,332
Deposits 2,827,188 69,441 2,044,541 67,385 34,764 117,602 42,761 67,970 7,686 5,601 18,272 36,218 314,946
Term deposits held by depository
institutions 124,887 105 104,935 1,215 2,770 72 535 10,225 55 65 205 205 4,500
Other deposits held by depository
institutions 2,633,053 69,334 1,870,531 66,138 31,990 117,430 42,217 57,736 7,631 5,536 18,066 36,008 310,437
U.S. Treasury, General Account 56,503 0 56,503 0 0 0 0 0 0 0 0 0 0
Foreign official 5,866 2 5,839 3 3 8 2 1 0 0 0 1 6
Other (15) 6,878 1 6,732 29 0 92 7 8 0 0 1 5 3
Deferred availability cash items 749 0 0 0 0 0 674 0 0 75 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,149 41 1,359 47 42 108 113 90 25 12 27 64 221
Other liabilities and accrued
dividends (17) 4,540 149 2,050 180 177 466 330 255 134 112 116 190 381

Total liabilities 4,327,083 114,981 2,634,259 110,469 96,853 226,973 249,752 157,379 43,091 23,574 53,891 128,963 486,896

Capital
Capital paid in 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096
Surplus 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,383,401 117,540 2,652,642 114,695 101,291 238,499 252,966 158,905 43,586 23,808 54,477 129,901 495,089

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, July 9, 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
Jul 9, 2014

Federal Reserve notes outstanding 1,451,650
Less: Notes held by F.R. Banks not subject to collateralization 207,445
Federal Reserve notes to be collateralized 1,244,205
Collateral held against Federal Reserve notes 1,244,205
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,227,968
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,116,066
Less: Face value of securities under reverse repurchase agreements 239,197
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,876,869

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