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 January 23, 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 Jan 22, 2014 Federal Reserve Banks Jan 22, 2014 Jan 15, 2014 Jan 23, 2013 Reserve Bank credit 4,045,116 + 37,733 +1,095,876 4,054,908 Securities held outright (1) 3,815,952 + 37,045 +1,077,874 3,825,808 U.S. Treasury securities 2,228,046 + 11,167 + 534,211 2,231,430 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,122,020 + 10,319 + 513,798 2,125,420 Notes and bonds, inflation-indexed (2) 92,615 + 883 + 17,677 92,615 Inflation compensation (3) 13,410 - 36 + 2,735 13,395 Federal agency debt securities (2) 54,911 - 639 - 20,200 54,911 Mortgage-backed securities (4) 1,532,995 + 26,517 + 563,863 1,539,467 Unamortized premiums on securities held outright (5) 209,059 + 389 + 33,757 209,225 Unamortized discounts on securities held outright (5) -13,328 - 494 - 11,711 -13,521 Repurchase agreements (6) 0 0 - 466 0 Loans 120 + 3 - 442 121 Primary credit 6 + 3 + 1 7 Secondary credit 0 0 0 0 Seasonal credit 17 + 1 + 14 17 Term Asset-Backed Securities Loan Facility (7) 97 0 - 457 96 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,543 + 2 + 126 1,546 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) 107 0 - 749 108 Float -572 - 18 + 37 -925 Central bank liquidity swaps (12) 260 + 1 - 7,811 260 Other Federal Reserve assets (13) 31,890 + 806 + 5,260 32,201 Foreign currency denominated assets (14) 23,664 - 111 - 1,119 23,643 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,581 + 14 + 766 45,581 Total factors supplying reserve funds 4,130,602 + 37,635 +1,095,523 4,140,374 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 Jan 22, 2014 Federal Reserve Banks Jan 22, 2014 Jan 15, 2014 Jan 23, 2013 Currency in circulation (15) 1,226,268 - 2,932 + 70,227 1,225,996 Reverse repurchase agreements (16) 184,288 + 23,342 + 91,882 201,954 Foreign official and international accounts 107,714 - 1,621 + 15,308 108,243 Others 76,575 + 24,964 + 76,575 93,711 Treasury cash holdings 255 + 14 + 79 262 Deposits with F.R. Banks, other than reserve balances 133,277 + 23,289 - 576 154,667 Term deposits held by depository institutions 12,822 + 12,822 + 9,786 12,822 U.S. Treasury, General Account 77,798 - 2,224 + 5,591 96,724 Foreign official 8,050 + 3 + 773 8,060 Other 34,606 + 12,687 - 16,727 37,061 Other liabilities and capital (17) 63,623 - 1,086 - 2,644 62,765 Total factors, other than reserve balances, absorbing reserve funds 1,607,712 + 42,628 + 158,969 1,645,644 Reserve balances with Federal Reserve Banks 2,522,890 - 4,993 + 936,553 2,494,730 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 Jan 22, 2014 Jan 22, 2014 Jan 15, 2014 Jan 23, 2013 Securities held in custody for foreign official and international accounts 3,344,679 - 4,075 + 89,512 3,345,594 Marketable U.S. Treasury securities (1) 2,994,149 - 1,678 + 82,137 2,994,130 Federal agency debt and mortgage-backed securities (2) 306,519 - 2,924 - 732 307,477 Other securities (3) 44,010 + 526 + 8,105 43,986 Securities lent to dealers 11,225 - 1,729 + 4,607 12,072 Overnight facility (4) 11,225 - 1,729 + 4,607 12,072 U.S. Treasury securities 10,270 - 1,589 + 4,221 11,057 Federal agency debt securities 956 - 140 + 387 1,015 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, January 22, 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) 24 0 64 33 0 ... 121 U.S. Treasury securities (2) Holdings 1 298 176 767,716 874,124 589,115 2,231,430 Weekly changes + 1 - 1 0 + 2,470 + 5,262 + 2,745 + 10,477 Federal agency debt securities (3) Holdings 3,500 4,817 9,006 35,179 62 2,347 54,911 Weekly changes + 3,500 - 3,500 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 5 2,716 1,536,746 1,539,467 Weekly changes 0 0 0 0 + 4 + 14,259 + 14,263 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) 132 128 0 0 0 0 260 Reverse repurchase agreements (6) 201,954 0 ... ... ... ... 201,954 Term deposits 0 12,822 0 ... ... ... 12,822 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 Jan 22, 2014 Mortgage-backed securities held outright (1) 1,539,467 Commitments to buy mortgage-backed securities (2) 39,706 Commitments to sell mortgage-backed securities (2) 29 Cash and cash equivalents (3) 5 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 Jan 22, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,546 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 Jan 22, 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 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 Jan 22, 2014 Net portfolio holdings of Maiden Lane III LLC (1) 22 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 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 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 Jan 22, 2014 Asset-backed securities holdings (1) 0 Other investments, net 108 Net portfolio holdings of TALF LLC 108 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 Jan 22, 2014 Wednesday Wednesday consolidation Jan 15, 2014 Jan 23, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,000 + 13 - 170 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,021,633 + 24,441 +1,090,880 Securities held outright (1) 3,825,808 + 24,740 +1,070,832 U.S. Treasury securities 2,231,430 + 10,477 + 534,739 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,125,420 + 10,526 + 515,601 Notes and bonds, inflation-indexed (2) 92,615 0 + 16,485 Inflation compensation (3) 13,395 - 49 + 2,653 Federal agency debt securities (2) 54,911 0 - 20,200 Mortgage-backed securities (4) 1,539,467 + 14,263 + 556,293 Unamortized premiums on securities held outright (5) 209,225 + 157 + 32,379 Unamortized discounts on securities held outright (5) -13,521 - 462 - 11,885 Repurchase agreements (6) 0 0 0 Loans 121 + 6 - 446 Net portfolio holdings of Maiden Lane LLC (7) 1,546 + 3 + 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) 108 + 1 - 749 Items in process of collection (0) 200 + 95 - 80 Bank premises 2,286 0 - 47 Central bank liquidity swaps (11) 260 + 1 - 7,811 Foreign currency denominated assets (12) 23,643 - 57 - 1,254 Other assets (13) 29,917 + 1,890 + 5,317 Total assets (0) 4,097,914 + 26,386 +1,086,217 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 Jan 22, 2014 Wednesday Wednesday consolidation Jan 15, 2014 Jan 23, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,182,672 - 867 + 68,793 Reverse repurchase agreements (14) 201,954 + 45,688 + 112,061 Deposits (0) 2,649,398 - 19,179 + 907,521 Term deposits held by depository institutions 12,822 + 12,822 + 9,786 Other deposits held by depository institutions 2,494,731 - 65,347 + 898,407 U.S. Treasury, General Account 96,724 + 8,798 + 15,481 Foreign official 8,060 + 13 + 779 Other (0) 37,061 + 24,536 - 16,932 Deferred availability cash items (0) 1,124 + 465 - 77 Other liabilities and accrued dividends (15) 7,734 + 276 - 2,384 Total liabilities (0) 4,042,883 + 26,385 +1,085,916 Capital accounts Capital paid in 27,515 0 + 150 Surplus 27,515 0 + 150 Other capital accounts 0 0 0 Total capital 55,031 + 1 + 301 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, January 22, 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 11,037 391 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 2,000 35 88 125 132 342 238 287 20 50 155 189 340 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,021,633 105,162 2,230,189 116,521 102,705 250,061 267,144 217,311 64,707 38,173 76,088 156,165 397,406 Securities held outright (1) 3,825,808 100,041 2,121,567 110,850 97,707 237,892 254,143 206,733 61,558 36,304 72,380 148,566 378,066 U.S. Treasury securities 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510 Federal agency debt securities (2) 54,911 1,436 30,450 1,591 1,402 3,414 3,648 2,967 884 521 1,039 2,132 5,426 Mortgage-backed securities (4) 1,539,467 40,256 853,697 44,605 39,316 95,725 102,265 83,187 24,770 14,608 29,125 59,781 152,130 Unamortized premiums on securities held outright (5) 209,225 5,471 116,024 6,062 5,343 13,010 13,899 11,306 3,366 1,985 3,958 8,125 20,676 Unamortized discounts on securities held outright (5) -13,521 -354 -7,498 -392 -345 -841 -898 -731 -218 -128 -256 -525 -1,336 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 121 4 96 1 0 0 0 3 0 12 5 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,546 0 1,546 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) 108 0 108 0 0 0 0 0 0 0 0 0 0 Items in process of collection 200 0 0 0 0 0 199 0 0 1 0 0 0 Bank premises 2,286 123 431 72 110 228 211 202 127 99 247 231 204 Central bank liquidity swaps (11) 260 13 83 20 20 55 15 7 2 1 3 4 37 Foreign currency denominated assets (12) 23,643 1,162 7,560 1,828 1,844 4,965 1,347 674 197 99 239 375 3,353 Other assets (13) 29,917 822 16,128 874 777 2,040 1,992 1,605 543 345 589 1,262 2,940 Interdistrict settlement account 0 - 25,275 + 328,779 - 18,991 - 20,802 - 41,204 - 67,948 - 68,096 - 21,393 - 17,286 - 28,834 - 43,663 + 24,713 Total assets 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773 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, January 22, 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 1,390,485 45,406 507,830 42,263 59,956 105,172 168,731 86,065 34,996 21,410 36,834 119,804 162,018 Less: Notes held by F.R. Banks 207,812 7,291 38,980 5,825 5,996 9,475 19,019 14,090 3,926 8,891 10,491 53,998 29,830 Federal Reserve notes, net 1,182,672 38,115 468,849 36,438 53,960 95,697 149,712 71,975 31,069 12,520 26,344 65,805 132,188 Reverse repurchase agreements (14) 201,954 5,281 111,992 5,851 5,158 12,558 13,416 10,913 3,250 1,916 3,821 7,842 19,957 Deposits 2,649,398 36,522 1,987,899 54,393 21,811 97,453 37,487 68,398 9,698 6,845 18,034 40,711 270,147 Term deposits held by depository institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855 Other deposits held by depository institutions 2,494,731 36,518 1,836,425 54,369 21,808 97,334 36,995 67,028 9,668 6,760 17,939 40,602 269,285 U.S. Treasury, General Account 96,724 0 96,724 0 0 0 0 0 0 0 0 0 0 Foreign official 8,060 2 8,033 3 3 8 2 1 0 0 0 1 6 Other 37,061 2 36,916 21 0 90 10 14 0 0 4 3 1 Deferred availability cash items 1,124 0 0 0 0 0 1,018 0 0 106 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 2,012 56 1,037 59 56 119 150 135 45 35 39 104 176 Other liabilities and accrued dividends (16) 5,723 153 3,273 179 175 454 327 265 131 107 125 194 340 Total liabilities 4,042,883 80,126 2,573,050 96,920 81,160 206,281 202,110 151,687 44,193 21,529 48,362 114,657 422,808 Capital Capital paid in 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982 Surplus 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773 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, January 22, 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. 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 Jan 22, 2014 Federal Reserve notes outstanding 1,390,485 Less: Notes held by F.R. Banks not subject to collateralization 207,812 Federal Reserve notes to be collateralized 1,182,672 Collateral held against Federal Reserve notes 1,182,672 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,166,436 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,825,808 Less: Face value of securities under reverse repurchase agreements 197,007 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,628,801 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.