FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 24, 2014

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 24, 2014

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jul 23, 2014
Federal Reserve Banks Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Reserve Bank credit 4,363,625 + 14,713 + 847,048 4,368,132
Securities held outright (1) 4,136,612 + 13,484 + 853,952 4,140,531
U.S. Treasury securities 2,412,518 + 3,108 + 448,530 2,413,616
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,299,101 + 2,933 + 432,404 2,300,166
Notes and bonds, inflation-indexed (2) 97,327 + 79 + 12,921 97,327
Inflation compensation (3) 16,091 + 97 + 3,206 16,123
Federal agency debt securities (2) 42,650 - 721 - 23,871 42,650
Mortgage-backed securities (4) 1,681,443 + 11,095 + 429,292 1,684,265
Unamortized premiums on securities held outright (5) 209,506 + 209 + 4,885 209,601
Unamortized discounts on securities held outright (5) -18,549 - 11 - 15,595 -18,542
Repurchase agreements (6) 0 0 0 0
Loans 250 + 31 - 111 259
Primary credit 11 + 7 + 1 11
Secondary credit 0 0 0 0
Seasonal credit 189 + 24 + 73 199
Term Asset-Backed Securities Loan Facility (7) 49 0 - 187 49
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,661 + 5 + 247 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) 60 0 - 208 60
Float -544 + 61 + 93 -548
Central bank liquidity swaps (12) 77 - 47 - 1,403 77
Other Federal Reserve assets (13) 34,469 + 983 + 5,193 34,956
Foreign currency denominated assets (14) 23,901 - 86 + 343 23,846
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,992 + 14 + 786 45,992

Total factors supplying reserve funds 4,449,759 + 14,642 + 848,178 4,454,210

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

Currency in circulation (15) 1,283,703 - 1,741 + 89,434 1,284,170
Reverse repurchase agreements (16) 220,537 + 6,429 + 133,283 241,689
Foreign official and international accounts 104,438 + 1,506 + 17,184 104,949
Others 116,099 + 4,923 + 116,099 136,740
Treasury cash holdings 138 - 4 + 10 136
Deposits with F.R. Banks, other than reserve balances 89,001 - 142,339 - 71,335 77,362
Term deposits held by depository institutions 0 - 152,795 - 11,913 0
U.S. Treasury, General Account 64,138 + 4,754 + 5,735 55,807
Foreign official 6,565 + 374 - 3,539 6,564
Other (17) 18,299 + 5,329 - 61,617 14,991
Other liabilities and capital (18) 64,077 - 320 - 596 62,857

Total factors, other than reserve balances,
absorbing reserve funds 1,657,457 - 137,975 + 150,796 1,666,214

Reserve balances with Federal Reserve Banks 2,792,302 + 152,617 + 697,382 2,787,996

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 23, 2014
Jul 23, 2014 Jul 16, 2014 Jul 24, 2013

Securities held in custody for foreign official and
international accounts 3,310,778 - 1,038 + 40,789 3,310,425
Marketable U.S. Treasury securities (1) 2,978,937 + 392 + 48,801 2,978,619
Federal agency debt and mortgage-backed securities (2) 289,302 - 1,718 - 13,680 289,382
Other securities (3) 42,538 + 288 + 5,666 42,424
Securities lent to dealers 10,494 - 1,442 - 301 10,689
Overnight facility (4) 10,494 - 1,442 - 301 10,689
U.S. Treasury securities 9,394 - 1,478 - 627 9,658
Federal agency debt securities 1,101 + 38 + 327 1,031

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 23, 2014

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

Loans (1) 214 31 14 0 0 ... 259
U.S. Treasury securities (2)
Holdings 40 7 1,995 952,605 811,002 647,968 2,413,616
Weekly changes 0 0 0 + 2,134 + 12 + 1,132 + 3,277
Federal agency debt securities (3)
Holdings 523 2,427 4,607 32,746 0 2,347 42,650
Weekly changes 0 + 306 + 496 - 802 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,944 1,680,311 1,684,265
Weekly changes 0 0 0 0 + 42 + 7,247 + 7,289
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) 77 0 0 0 0 0 77

Reverse repurchase agreements (6) 241,689 0 ... ... ... ... 241,689
Term deposits 0 0 0 ... ... ... 0

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

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

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

Mortgage-backed securities held outright (1) 1,684,265

Commitments to buy mortgage-backed securities (2) 54,776
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 49

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 23, 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
Jul 23, 2014

Net portfolio holdings of Maiden Lane II LLC (1) 63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of 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 23, 2014

Net portfolio holdings of Maiden Lane III LLC (1) 22

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jul 23, 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 23, 2014 Wednesday Wednesday
consolidation Jul 16, 2014 Jul 24, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,917 + 21 - 56
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,331,849 + 10,686 + 832,367
Securities held outright (1) 4,140,531 + 10,566 + 843,079
U.S. Treasury securities 2,413,616 + 3,277 + 443,613
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,300,166 + 3,188 + 427,468
Notes and bonds, inflation-indexed (2) 97,327 0 + 12,921
Inflation compensation (3) 16,123 + 89 + 3,224
Federal agency debt securities (2) 42,650 0 - 23,871
Mortgage-backed securities (4) 1,684,265 + 7,289 + 423,337
Unamortized premiums on securities held outright
(5) 209,601 + 80 + 4,884
Unamortized discounts on securities held outright
(5) -18,542 + 18 - 15,511
Repurchase agreements (6) 0 0 0
Loans 259 + 22 - 85
Net portfolio holdings of Maiden Lane LLC (7) 1,654 - 8 + 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 0 - 208
Items in process of collection (0) 67 - 8 - 24
Bank premises 2,263 + 1 - 33
Central bank liquidity swaps (11) 77 - 47 - 1,403
Foreign currency denominated assets (12) 23,846 - 56 + 223
Other assets (13) 32,693 + 1,958 + 5,069

Total assets (0) 4,410,746 + 12,545 + 836,172

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

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,240,227 - 1,060 + 88,241
Reverse repurchase agreements (14) 241,689 + 32,213 + 156,134
Deposits (0) 2,865,359 - 18,813 + 592,638
Term deposits held by depository institutions 0 - 152,795 - 11,913
Other deposits held by depository institutions 2,787,997 + 133,779 + 688,668
U.S. Treasury, General Account 55,807 - 7,930 + 4,841
Foreign official 6,564 - 2 - 3,846
Other (15) (0) 14,991 + 8,135 - 85,111
Deferred availability cash items (0) 615 - 74 - 248
Other liabilities and accrued dividends (16) 6,535 + 279 - 1,882

Total liabilities (0) 4,354,425 + 12,545 + 834,883

Capital accounts
Capital paid in 28,161 0 + 645
Surplus 28,161 0 + 645
Other capital accounts 0 0 0

Total capital 56,321 0 + 1,289

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 23, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,917 35 84 119 123 316 228 278 26 49 151 183 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,331,849 87,620 2,658,621 103,772 94,574 242,096 239,482 177,067 53,472 26,625 57,065 131,993 459,462
Securities held outright (1) 4,140,531 83,756 2,541,307 99,195 90,402 231,417 228,886 169,229 51,071 25,375 54,540 126,163 439,190
U.S. Treasury securities 2,413,616 48,823 1,481,390 57,823 52,698 134,899 133,423 98,648 29,770 14,791 31,793 73,544 256,015
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,413,616 48,823 1,481,390 57,823 52,698 134,899 133,423 98,648 29,770 14,791 31,793 73,544 256,015
Federal agency debt securities (2) 42,650 863 26,177 1,022 931 2,384 2,358 1,743 526 261 562 1,300 4,524
Mortgage-backed securities (4) 1,684,265 34,070 1,033,740 40,350 36,773 94,135 93,105 68,838 20,774 10,322 22,186 51,320 178,652
Unamortized premiums on securities held
outright (5) 209,601 4,240 128,645 5,021 4,576 11,715 11,587 8,567 2,585 1,285 2,761 6,387 22,233
Unamortized discounts on securities
held outright (5) -18,542 -375 -11,380 -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 259 0 49 0 1 0 34 29 45 79 8 8 6
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) 60 0 60 0 0 0 0 0 0 0 0 0 0
Items in process of collection 67 0 0 0 0 0 67 0 0 0 0 0 0
Bank premises 2,263 121 432 74 110 224 209 199 124 98 244 227 201
Central bank liquidity swaps (11) 77 4 25 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated assets (12) 23,846 1,084 7,670 1,793 1,896 4,972 1,371 658 200 101 251 399 3,450
Other assets (13) 32,693 704 19,674 790 716 2,003 1,791 1,323 466 271 456 1,105 3,392
Interdistrict settlement account 0 + 25,964 + 29,531 + 5,868 - 5,747 - 31,021 + 4,842 - 18,454 - 12,172 - 4,088 - 4,869 - 4,660 + 14,805

Total assets 4,410,746 116,081 2,723,778 112,969 92,380 219,842 249,997 162,204 42,545 23,318 53,743 130,410 483,479

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 23, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes outstanding 1,451,865 45,166 498,388 42,803 65,985 105,801 213,464 93,521 37,543 20,892 37,375 115,933 174,994
Less: Notes held by F.R. Banks 211,638 5,130 67,269 6,407 9,220 11,586 21,279 14,596 5,212 4,769 5,343 31,103 29,723
Federal Reserve notes, net 1,240,227 40,036 431,119 36,396 56,765 94,215 192,185 78,925 32,330 16,123 32,032 84,830 145,271
Reverse repurchase agreements (14) 241,689 4,889 148,340 5,790 5,277 13,508 13,360 9,878 2,981 1,481 3,184 7,364 25,636
Deposits 2,865,359 68,398 2,122,779 66,320 25,673 99,995 40,251 71,524 6,577 5,272 17,797 37,017 303,755
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,787,997 68,391 2,045,563 66,287 25,670 99,926 40,240 71,515 6,577 5,272 17,796 37,013 303,747
U.S. Treasury, General Account 55,807 0 55,807 0 0 0 0 0 0 0 0 0 0
Foreign official 6,564 2 6,537 3 3 8 2 1 0 0 0 1 6
Other (15) 14,991 5 14,872 30 0 61 9 8 0 0 1 3 3
Deferred availability cash items 615 0 0 0 0 0 535 0 0 80 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,012 36 1,256 42 40 100 114 87 25 15 27 62 208
Other liabilities and accrued
dividends (17) 4,523 164 1,902 195 185 497 342 264 136 114 117 198 409

Total liabilities 4,354,425 113,523 2,705,395 108,743 87,941 208,316 246,787 160,678 42,050 23,084 53,157 129,471 475,280

Capital
Capital paid in 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099
Surplus 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,410,746 116,081 2,723,778 112,969 92,380 219,842 249,997 162,204 42,545 23,318 53,743 130,410 483,479

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 23, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 23, 2014

Federal Reserve notes outstanding 1,451,865
Less: Notes held by F.R. Banks not subject to collateralization 211,638
Federal Reserve notes to be collateralized 1,240,227
Collateral held against Federal Reserve notes 1,240,227
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,223,990
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,140,531
Less: Face value of securities under reverse repurchase agreements 219,048
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,921,483

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