FRB: H.4.1 Release--Factors Affecting Reserve Balances--December 26, 2013

FEDERAL RESERVE statistical release

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

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks December 26, 2013

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 Dec 25, 2013
Federal Reserve Banks Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Reserve Bank credit 3,985,589 + 27,103 +1,107,187 3,989,373
Securities held outright (1) 3,759,255 + 26,373 +1,084,395 3,762,993
U.S. Treasury securities 2,204,930 + 12,670 + 548,264 2,208,829
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,099,952 + 12,733 + 528,966 2,103,872
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639 91,379
Inflation compensation (3) 13,599 - 63 + 2,658 13,578
Federal agency debt securities (2) 57,221 0 - 19,919 57,221
Mortgage-backed securities (4) 1,497,105 + 13,704 + 556,051 1,496,943
Unamortized premiums on securities held outright (5) 209,208 + 340 + 38,335 209,102
Unamortized discounts on securities held outright (5) -12,112 - 708 - 10,550 -12,372
Repurchase agreements (6) 0 0 0 0
Loans 193 + 25 - 447 192
Primary credit 27 + 21 + 10 25
Secondary credit 0 0 0 0
Seasonal credit 69 + 5 + 39 70
Term Asset-Backed Securities Loan Facility (7) 97 - 1 - 496 97
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,525 + 5 + 97 1,541
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 109 0 - 747 109
Float -627 - 7 + 17 -1,052
Central bank liquidity swaps (12) 273 0 - 8,616 273
Other Federal Reserve assets (13) 27,679 + 1,074 + 4,702 28,503
Foreign currency denominated assets (14) 23,797 - 160 - 1,445 23,786
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,516 + 14 + 767 45,516

Total factors supplying reserve funds 4,071,143 + 26,956 +1,106,510 4,074,916

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 Dec 25, 2013
Federal Reserve Banks Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Currency in circulation (15) 1,235,884 + 6,160 + 72,341 1,238,524
Reverse repurchase agreements (16) 134,340 + 18,477 + 32,980 151,257
Foreign official and international accounts 104,595 + 4,444 + 3,235 109,012
Others 29,745 + 14,033 + 29,745 42,245
Treasury cash holdings 230 + 3 + 82 234
Deposits with F.R. Banks, other than reserve balances 162,479 + 49,756 + 33,547 169,603
Term deposits held by depository institutions 0 - 13,532 0 0
U.S. Treasury, General Account 99,122 + 28,550 + 43,559 93,893
Foreign official 7,989 + 6 + 1,826 7,980
Other 55,368 + 34,732 - 11,838 67,731
Other liabilities and capital (17) 64,056 - 293 - 3,112 64,567

Total factors, other than reserve balances,
absorbing reserve funds 1,596,989 + 74,103 + 135,838 1,624,186

Reserve balances with Federal Reserve Banks 2,474,155 - 47,145 + 970,673 2,450,730

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 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 Dec 25, 2013
Dec 25, 2013 Dec 18, 2013 Dec 26, 2012

Securities held in custody for foreign official and
international accounts 3,374,245 - 5,511 + 137,884 3,364,098
Marketable U.S. Treasury securities (1) 3,017,924 - 3,099 + 130,333 3,007,980
Federal agency debt and mortgage-backed securities (2) 312,922 - 2,525 + 164 312,705
Other securities (3) 43,399 + 114 + 7,388 43,413
Securities lent to dealers 13,097 + 1,851 + 4,426 13,112
Overnight facility (4) 13,097 + 1,851 + 4,426 13,112
U.S. Treasury securities 12,061 + 1,810 + 4,104 12,036
Federal agency debt securities 1,037 + 42 + 323 1,076

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, December 25, 2013

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) 95 0 64 33 0 ... 192
U.S. Treasury securities (2)
Holdings 1 297 177 750,641 877,403 580,310 2,208,829
Weekly changes 0 0 0 + 2,633 + 5,797 + 3,107 + 11,537
Federal agency debt securities (3)
Holdings 1,564 8,314 8,666 36,268 62 2,347 57,221
Weekly changes + 1,564 - 1,564 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,581 1,494,357 1,496,943
Weekly changes 0 0 0 0 0 + 11,537 + 11,536
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) 114 159 0 0 0 0 273

Reverse repurchase agreements (6) 151,257 0 ... ... ... ... 151,257
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
Dec 25, 2013

Mortgage-backed securities held outright (1) 1,496,943

Commitments to buy mortgage-backed securities (2) 51,586
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 22

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
Dec 25, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,541

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 September 30, 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
Dec 25, 2013

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 September 30, 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
Dec 25, 2013

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
Dec 25, 2013

Asset-backed securities holdings (1) 0
Other investments, net 109
Net portfolio holdings of TALF LLC 109

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 Dec 25, 2013 Wednesday Wednesday
consolidation Dec 18, 2013 Dec 26, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,963 - 1 - 151
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,959,914 + 22,643 +1,129,844
Securities held outright (1) 3,762,993 + 23,074 +1,102,722
U.S. Treasury securities 2,208,829 + 11,537 + 551,899
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,103,872 + 11,598 + 532,620
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639
Inflation compensation (3) 13,578 - 61 + 2,640
Federal agency debt securities (2) 57,221 0 - 19,562
Mortgage-backed securities (4) 1,496,943 + 11,536 + 570,385
Unamortized premiums on securities held outright
(5) 209,102 + 220 + 38,358
Unamortized discounts on securities held outright
(5) -12,372 - 661 - 10,813
Repurchase agreements (6) 0 0 0
Loans 192 + 11 - 421
Net portfolio holdings of Maiden Lane LLC (7) 1,541 + 22 + 129
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 109 0 - 747
Items in process of collection (0) 161 + 62 + 15
Bank premises 2,290 + 3 - 49
Central bank liquidity swaps (11) 273 0 - 8,616
Foreign currency denominated assets (12) 23,786 - 190 - 1,363
Other assets (13) 26,216 + 1,973 + 6,211

Total assets (0) 4,032,575 + 24,513 +1,125,275

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 Dec 25, 2013 Wednesday Wednesday
consolidation Dec 18, 2013 Dec 26, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,195,201 + 6,025 + 70,623
Reverse repurchase agreements (14) 151,257 + 39,291 + 51,404
Deposits (0) 2,620,337 - 22,744 +1,003,080
Term deposits held by depository institutions 0 - 13,532 0
Other deposits held by depository institutions 2,450,733 - 15,199 + 918,046
U.S. Treasury, General Account 93,893 - 23,105 + 38,214
Foreign official 7,980 + 7 + 1,817
Other (0) 67,731 + 29,085 + 45,002
Deferred availability cash items (0) 1,214 + 421 + 385
Other liabilities and accrued dividends (15) 9,549 + 1,488 - 507

Total liabilities (0) 3,977,557 + 24,480 +1,124,985

Capital accounts
Capital paid in 27,509 + 17 + 145
Surplus 27,509 + 17 + 145
Other capital accounts 0 0 0

Total capital 55,018 + 34 + 290

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 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, December 25, 2013
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 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,963 36 82 123 131 338 238 282 19 48 152 181 333
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,959,914 103,545 2,195,925 114,730 101,127 246,232 263,045 213,993 63,721 37,597 74,930 153,766 391,304
Securities held outright (1) 3,762,993 98,398 2,086,734 109,030 96,103 233,986 249,971 203,339 60,548 35,708 71,192 146,126 371,859
U.S. Treasury securities 2,208,829 57,759 1,224,886 63,999 56,411 137,347 146,730 119,357 35,541 20,960 41,789 85,774 218,276
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,208,829 57,759 1,224,886 63,999 56,411 137,347 146,730 119,357 35,541 20,960 41,789 85,774 218,276
Federal agency debt securities (2) 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655
Mortgage-backed securities (4) 1,496,943 39,144 830,116 43,373 38,230 93,081 99,440 80,890 24,086 14,205 28,321 58,130 147,928
Unamortized premiums on securities held
outright (5) 209,102 5,468 115,955 6,059 5,340 13,002 13,890 11,299 3,365 1,984 3,956 8,120 20,663
Unamortized discounts on securities
held outright (5) -12,372 -324 -6,861 -358 -316 -769 -822 -669 -199 -117 -234 -480 -1,223
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 192 2 97 0 0 13 6 24 8 23 16 0 4
Net portfolio holdings of Maiden
Lane LLC (7) 1,541 0 1,541 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) 109 0 109 0 0 0 0 0 0 0 0 0 0
Items in process of collection 161 0 0 0 0 0 125 0 0 37 0 0 0
Bank premises 2,290 122 433 72 111 228 211 203 127 100 247 232 204
Central bank liquidity swaps (11) 273 13 87 21 21 57 16 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,786 1,169 7,606 1,840 1,855 4,995 1,355 678 198 100 241 377 3,373
Other assets (13) 26,216 720 14,070 766 678 1,794 1,749 1,412 473 310 518 1,158 2,569
Interdistrict settlement account 0 - 18,814 + 265,034 - 24,747 - 7,667 - 31,688 - 57,481 - 62,199 - 21,448 - 16,159 - 27,412 - 38,510 + 41,091

Total assets 4,032,575 87,378 2,490,716 93,412 97,005 223,224 211,331 155,594 43,552 22,313 49,140 118,218 440,692

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, December 25, 2013 (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 1,405,929 45,899 513,620 42,738 59,318 106,097 171,075 87,737 34,949 21,932 37,242 121,099 164,223
Less: Notes held by F.R. Banks 210,728 10,310 40,535 6,273 5,562 9,321 18,694 14,352 3,343 9,400 10,560 53,677 28,700
Federal Reserve notes, net 1,195,201 35,589 473,085 36,465 53,756 96,776 152,381 73,385 31,606 12,532 26,682 67,421 135,522
Reverse repurchase agreements (14) 151,257 3,955 83,878 4,383 3,863 9,405 10,048 8,173 2,434 1,435 2,862 5,874 14,947
Deposits 2,620,337 45,058 1,911,049 48,098 34,695 104,734 44,172 72,019 8,851 7,683 18,827 43,639 281,512
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 2,450,733 45,051 1,741,659 48,074 34,691 104,609 44,160 71,995 8,851 7,683 18,825 43,636 281,498
U.S. Treasury, General Account 93,893 0 93,893 0 0 0 0 0 0 0 0 0 0
Foreign official 7,980 2 7,952 3 3 8 2 1 0 0 0 1 6
Other 67,731 4 67,545 21 0 117 10 23 0 0 1 2 8
Deferred availability cash items 1,214 0 0 0 0 0 949 0 0 265 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 3,226 76 1,881 78 62 149 224 178 52 31 62 133 299
Other liabilities and accrued
dividends (16) 6,323 198 3,127 252 255 688 394 320 147 134 129 230 450

Total liabilities 3,977,557 84,876 2,473,021 89,275 92,630 211,752 208,168 154,075 43,090 22,081 48,561 117,298 432,731

Capital
Capital paid in 27,509 1,251 8,847 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981
Surplus 27,509 1,251 8,847 2,068 2,188 5,736 1,582 760 231 116 290 460 3,981
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,032,575 87,378 2,490,716 93,412 97,005 223,224 211,331 155,594 43,552 22,313 49,140 118,218 440,692

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, December 25, 2013 (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. 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.
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 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
Dec 25, 2013

Federal Reserve notes outstanding 1,405,929
Less: Notes held by F.R. Banks not subject to collateralization 210,728
Federal Reserve notes to be collateralized 1,195,201
Collateral held against Federal Reserve notes 1,195,201
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,178,964
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,762,993
Less: Face value of securities under reverse repurchase agreements 144,833
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,618,160

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