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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

April 17, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Apr 16, 2014

Week ended
Apr 16, 2014

Change from week ended

Apr 9, 2014

Apr 17, 2013

Reserve Bank credit

4,238,125

+   39,701

+  997,174

4,240,892

Securities held outright1

4,011,759

+   36,956

+  999,220

4,015,215

U.S. Treasury securities

2,331,574

+    7,222

+  511,917

2,335,991

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,221,914

+    6,310

+  494,186

2,226,297

Notes and bonds, inflation-indexed2

    95,389

+      706

+   15,112

    95,389

Inflation compensation3

    14,270

+      205

+    2,619

    14,305

Federal agency debt securities2

    47,129

-      214

-   24,924

    46,594

Mortgage-backed securities4

1,633,056

+   29,948

+  512,227

1,632,629

Unamortized premiums on securities held outright5

   210,207

+      744

+   15,878

   210,119

Unamortized discounts on securities held outright5

   -17,452

-      164

-   15,783

   -17,504

Repurchase agreements6

         0

         0

         0

         0

Loans

       101

+        1

-      292

       104

Primary credit

         3

         0

+        1

         7

Secondary credit

         0

         0

         0

         0

Seasonal credit

        16

+        1

+        7

        15

Term Asset-Backed Securities Loan Facility7

        82

         0

-      300

        82

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,586

+        2

+      182

     1,586

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

-        1

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

        92

-        2

-      300

        92

Float

      -632

+       21

+      114

      -663

Central bank liquidity swaps12

       407

         0

-    7,145

       407

Other Federal Reserve assets13

    31,972

+    2,142

+    5,300

    31,451

Foreign currency denominated assets14

    24,242

+      251

+      631

    24,143

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,748

+       14

+      747

    45,748

Total factors supplying reserve funds

4,324,357

+   39,967

+  998,552

4,327,024

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Apr 16, 2014

Week ended
Apr 16, 2014

Change from week ended

Apr 9, 2014

Apr 17, 2013

Currency in circulation15

1,270,492

-       95

+   92,046

1,271,081

Reverse repurchase agreements16

   177,243

-   11,646

+   80,102

   173,515

Foreign official and international accounts

    98,807

+    4,248

+    3,237

   101,771

Others

    78,436

-   15,894

+   76,865

    71,744

Treasury cash holdings

       231

-       33

+       33

       238

Deposits with F.R. Banks, other than reserve balances

    86,645

+    9,611

-   37,171

   147,958

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    65,457

+    3,021

-   17,115

   134,483

Foreign official

     6,978

+        1

-    2,905

     6,978

Other17

    14,211

+    6,590

-   17,150

     6,498

Other liabilities and capital18

    65,001

+    1,726

-    5,270

    63,428

Total factors, other than reserve balances,
absorbing reserve funds

1,599,613

-      436

+  129,741

1,656,220

Reserve balances with Federal Reserve Banks

2,724,744

+   40,403

+  868,811

2,670,804

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
Apr 16, 2014

Week ended
Apr 16, 2014

Change from week ended

Apr 9, 2014

Apr 17, 2013

Securities held in custody for foreign official and international accounts

3,300,912

-   15,155

+    4,648

3,298,780

Marketable U.S. Treasury securities1

2,960,814

-   14,044

+    2,055

2,958,868

Federal agency debt and mortgage-backed securities2

   297,373

-      665

-    2,086

   297,028

Other securities3

    42,725

-      446

+    4,679

    42,884

Securities lent to dealers

    11,029

-    1,162

-    7,300

    10,452

Overnight facility4

    11,029

-    1,162

-    7,300

    10,452

U.S. Treasury securities

     9,802

-    1,161

-    7,601

     9,081

Federal agency debt securities

     1,227

-        1

+      301

     1,371

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

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 16, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        20

         2

        82

         0

         0

...

       104

U.S. Treasury securities2

Holdings

         1

        38

       143

   853,151

   859,981

   622,677

2,335,991

Weekly changes

+        1

-        1

+        1

+    3,234

+    4,503

+    2,167

+    9,906

Federal agency debt securities3

Holdings

     1,629

     2,315

     6,755

    33,548

         0

     2,347

    46,594

Weekly changes

-      749

+    1,009

-       27

-      982

         0

         0

-      749

Mortgage-backed securities4

Holdings

         0

         0

         0

         6

     3,447

1,629,176

1,632,629

Weekly changes

         0

         0

         0

         0

+       14

+   29,508

+   29,521

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       231

       176

         0

         0

         0

         0

       407

Reverse repurchase agreements6

   173,515

         0

...

...

...

...

   173,515

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Apr 16, 2014

Mortgage-backed securities held outright1

1,632,629

Commitments to buy mortgage-backed securities2

    40,609

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         0

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2.

Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Apr 16, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,586

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Apr 16, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Apr 16, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Apr 16, 2014

Asset-backed securities holdings1

         0

Other investments, net

        92

Net portfolio holdings of TALF LLC

        92

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         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 from consolidation

Wednesday
Apr 16, 2014

Change since

Wednesday

Wednesday

Apr 9, 2014

Apr 17, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,923

-        6

-      146

Securities, unamortized premiums and discounts, repurchase agreements, and loans

4,207,933

+   39,153

+  991,306

Securities held outright1

4,015,215

+   38,679

+  992,002

U.S. Treasury securities

2,335,991

+    9,906

+  510,949

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,226,297

+    9,812

+  493,248

Notes and bonds, inflation-indexed2

    95,389

         0

+   15,112

Inflation compensation3

    14,305

+       94

+    2,589

Federal agency debt securities2

    46,594

-      749

-   25,459

Mortgage-backed securities4

1,632,629

+   29,521

+  506,510

Unamortized premiums on securities held outright5

   210,119

+      630

+   15,445

Unamortized discounts on securities held outright5

   -17,504

-      160

-   15,840

Repurchase agreements6

         0

         0

         0

Loans

       104

+        5

-      300

Net portfolio holdings of Maiden Lane LLC7

     1,586

+        1

+      180

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

-        1

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

        92

         0

-      300

Items in process of collection

(0)

       109

+       11

-       15

Bank premises

     2,271

+        2

-       29

Central bank liquidity swaps11

       407

         0

-    7,145

Foreign currency denominated assets12

    24,143

-       33

+      502

Other assets13

    29,180

+      652

+    4,505

Total assets

(0)

4,283,967

+   39,779

+  988,858

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 from consolidation

Wednesday
Apr 16, 2014

Change since

Wednesday

Wednesday

Apr 9, 2014

Apr 17, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,227,489

-      278

+   91,144

Reverse repurchase agreements14

   173,515

-    8,738

+   75,938

Deposits

(0)

2,818,762

+   48,617

+  825,287

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,670,804

-   27,084

+  821,575

U.S. Treasury, General Account

   134,483

+   79,955

+   13,279

Foreign official

     6,978

+        1

-    2,892

Other15

(0)

     6,498

-    4,253

-    6,674

Deferred availability cash items

(0)

       772

+       52

-      151

Other liabilities and accrued dividends16

     7,331

+      150

-    4,317

Total liabilities

(0)

4,227,870

+   39,804

+  987,902

Capital accounts

Capital paid in

    28,048

-       13

+      477

Surplus

    28,048

-       13

+      477

Other capital accounts

         0

         0

         0

Total capital

    56,097

-       25

+      956

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, April 16, 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

     1,923

        35

        91

       122

       124

       329

       229

       276

        21

        47

       152

       173

       323

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

4,207,933

    85,117

2,582,695

   100,807

    91,872

   235,178

   232,607

   171,989

    51,903

    25,796

    55,427

   128,214

   446,329

Securities held outright1

4,015,215

    81,221

2,464,392

    96,192

    87,666

   224,413

   221,959

   164,107

    49,525

    24,607

    52,890

   122,345

   425,898

U.S. Treasury securities

2,335,991

    47,253

1,433,746

    55,963

    51,003

   130,560

   129,132

    95,475

    28,813

    14,316

    30,770

    71,178

   247,781

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,335,991

    47,253

1,433,746

    55,963

    51,003

   130,560

   129,132

    95,475

    28,813

    14,316

    30,770

    71,178

   247,781

Federal agency debt securities2

    46,594

       943

    28,598

     1,116

     1,017

     2,604

     2,576

     1,904

       575

       286

       614

     1,420

     4,942

Mortgage-backed securities4

1,632,629

    33,025

1,002,048

    39,113

    35,646

    91,249

    90,251

    66,728

    20,137

    10,005

    21,506

    49,747

   173,175

Unamortized premiums on securities held outright5

   210,119

     4,250

   128,963

     5,034

     4,588

    11,744

    11,615

     8,588

     2,592

     1,288

     2,768

     6,402

    22,288

Unamortized discounts on securities held outright5

   -17,504

      -354

   -10,743

      -419

      -382

      -978

      -968

      -715

      -216

      -107

      -231

      -533

    -1,857

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       104

         0

        82

         0

         0

         0

         1

        10

         2

         9

         1

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,586

         0

     1,586

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

        92

         0

        92

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       109

         0

         0

         0

         0

         0

       108

         0

         0

         0

         0

         0

         0

Bank premises

     2,271

       123

       428

        73

       110

       226

       210

       200

       126

        99

       245

       230

       202

Central bank liquidity swaps11

       407

        19

       131

        31

        32

        85

        23

        11

         3

         2

         4

         7

        59

Foreign currency denominated assets12

    24,143

     1,098

     7,766

     1,815

     1,920

     5,034

     1,388

       667

       203

       102

       254

       404

     3,493

Other assets13

    29,180

       633

    17,530

       708

       643

     1,795

     1,607

     1,185

       425

       250

       409

       956

     3,038

Interdistrict settlement account

         0

+   10,109

+   10,470

+    7,287

-    7,374

-    4,920

+    5,364

-   16,801

-    7,628

-    2,428

-    3,760

+    4,127

+    5,555

Total assets

4,283,967

    97,681

2,626,817

   111,391

    88,027

   238,963

   243,539

   158,657

    45,481

    24,130

    53,176

   135,272

   460,831

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 16, 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

1,447,824

    44,830

   520,179

    43,360

    60,684

   103,658

   205,736

    90,377

    36,845

    20,988

    37,706

   117,820

   165,641

Less: Notes held by F.R. Banks

   220,335

     4,639

    69,552

     5,069

     7,909

    10,995

    22,987

    13,519

     4,910

     6,434

     7,671

    35,806

    30,843

Federal Reserve notes, net

1,227,489

    40,191

   450,626

    38,291

    52,775

    92,663

   182,749

    76,858

    31,935

    14,555

    30,035

    82,014

   134,798

Reverse repurchase agreements14

   173,515

     3,510

   106,497

     4,157

     3,788

     9,698

     9,592

     7,092

     2,140

     1,063

     2,286

     5,287

    18,405

Deposits

2,818,762

    51,244

2,047,590

    64,463

    26,803

   124,498

    46,832

    72,816

    10,751

     8,074

    20,132

    46,780

   298,779

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

2,670,804

    51,241

1,899,917

    64,433

    26,800

   124,276

    46,824

    72,809

    10,751

     8,074

    20,130

    46,777

   298,773

U.S. Treasury, General Account

   134,483

         0

   134,483

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,978

         2

     6,950

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     6,498

         1

     6,240

        27

         0

       213

         6

         6

         0

         0

         1

         2

         1

Deferred availability cash items

       772

         0

         0

         0

         0

         0

       696

         0

         0

        76

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury16

     1,902

        25

     1,224

        35

        32

        82

       109

        76

        22

        11

        33

        60

       194

Other liabilities and accrued
dividends17

     5,429

       176

     2,525

       225

       218

       557

       368

       286

       138

       119

       122

       208

       488

Total liabilities

4,227,870

    95,146

2,608,461

   107,172

    83,616

   227,497

   240,346

   157,127

    44,987

    23,898

    52,607

   134,349

   452,664

Capital

Capital paid in

    28,048

     1,268

     9,178

     2,110

     2,206

     5,733

     1,597

       765

       247

       116

       285

       462

     4,083

Surplus

    28,048

     1,268

     9,178

     2,110

     2,206

     5,733

     1,597

       765

       247

       116

       285

       462

     4,083

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,283,967

    97,681

2,626,817

   111,391

    88,027

   238,963

   243,539

   158,657

    45,481

    24,130

    53,176

   135,272

   460,831

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 16, 2014 (continued)

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

17.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

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

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

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Apr 16, 2014

Federal Reserve notes outstanding

1,447,824

Less: Notes held by F.R. Banks not subject to collateralization

   220,335

Federal Reserve notes to be collateralized

1,227,489

Collateral held against Federal Reserve notes

1,227,489

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,211,253

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

4,015,215

Less: Face value of securities under reverse repurchase agreements

    93,482

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,921,733

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.


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