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 February 6, 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 Feb 5, 2014 Federal Reserve Banks Feb 5, 2014 Jan 29, 2014 Feb 6, 2013 Reserve Bank credit 4,062,794 + 4,188 +1,097,587 4,066,356 Securities held outright (1) 3,833,665 + 4,762 +1,079,822 3,836,615 U.S. Treasury securities 2,247,026 + 9,409 + 534,159 2,252,973 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,141,078 + 9,441 + 514,948 2,147,028 Notes and bonds, inflation-indexed (2) 92,615 0 + 16,485 92,615 Inflation compensation (3) 13,333 - 31 + 2,726 13,331 Federal agency debt securities (2) 54,411 - 500 - 20,700 51,411 Mortgage-backed securities (4) 1,532,228 - 4,147 + 566,363 1,532,231 Unamortized premiums on securities held outright (5) 208,734 - 251 + 30,756 208,632 Unamortized discounts on securities held outright (5) -14,178 - 339 - 12,510 -14,389 Repurchase agreements (6) 0 0 0 0 Loans 108 - 23 - 415 103 Primary credit 5 - 12 - 14 6 Secondary credit 0 0 0 0 Seasonal credit 8 - 10 + 8 1 Term Asset-Backed Securities Loan Facility (7) 96 0 - 408 96 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,579 + 29 + 177 1,579 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) 108 0 - 699 108 Float -514 - 8 + 160 -647 Central bank liquidity swaps (12) 359 + 98 - 4,833 359 Other Federal Reserve assets (13) 32,847 - 82 + 5,125 33,911 Foreign currency denominated assets (14) 23,857 - 82 - 909 23,880 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,609 + 14 + 762 45,609 Total factors supplying reserve funds 4,148,501 + 4,120 +1,097,440 4,152,087 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 Feb 5, 2014 Federal Reserve Banks Feb 5, 2014 Jan 29, 2014 Feb 6, 2013 Currency in circulation (15) 1,228,637 + 3,792 + 71,007 1,230,462 Reverse repurchase agreements (16) 196,365 + 12,505 + 110,215 196,114 Foreign official and international accounts 99,102 - 2,345 + 12,952 95,732 Others 97,263 + 14,850 + 97,263 100,382 Treasury cash holdings 261 0 + 70 266 Deposits with F.R. Banks, other than reserve balances 117,509 - 35,210 + 28,429 115,236 Term deposits held by depository institutions 12,822 0 + 9,786 12,822 U.S. Treasury, General Account 80,081 - 9,256 + 15,802 77,423 Foreign official 7,971 - 79 + 237 7,971 Other 16,635 - 25,875 + 2,604 17,020 Other liabilities and capital (17) 63,454 - 45 - 227 63,112 Total factors, other than reserve balances, absorbing reserve funds 1,606,225 - 18,958 + 209,495 1,605,189 Reserve balances with Federal Reserve Banks 2,542,276 + 23,078 + 887,945 2,546,898 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 Feb 5, 2014 Feb 5, 2014 Jan 29, 2014 Feb 6, 2013 Securities held in custody for foreign official and international accounts 3,324,160 - 10,368 + 42,129 3,318,375 Marketable U.S. Treasury securities (1) 2,972,154 - 10,731 + 32,605 2,965,893 Federal agency debt and mortgage-backed securities (2) 307,135 - 230 + 1,559 307,758 Other securities (3) 44,871 + 593 + 7,965 44,724 Securities lent to dealers 10,522 - 1,052 - 6,702 9,840 Overnight facility (4) 10,522 - 1,052 - 6,702 9,840 U.S. Treasury securities 9,361 - 1,096 - 7,224 8,775 Federal agency debt securities 1,161 + 44 + 522 1,065 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, February 5, 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) 6 1 64 33 0 ... 103 U.S. Treasury securities (2) Holdings 1 298 175 778,072 880,024 594,404 2,252,973 Weekly changes 0 0 - 1 + 10,363 - 3,189 + 2,625 + 9,797 Federal agency debt securities (3) Holdings 0 6,446 7,377 35,179 62 2,347 51,411 Weekly changes - 3,500 0 0 0 0 0 - 3,500 Mortgage-backed securities (4) Holdings 0 0 0 5 2,701 1,529,525 1,532,231 Weekly changes 0 0 0 0 + 26 - 18 + 7 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) 0 359 0 0 0 0 359 Reverse repurchase agreements (6) 196,114 0 ... ... ... ... 196,114 Term deposits 12,822 0 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 Feb 5, 2014 Mortgage-backed securities held outright (1) 1,532,231 Commitments to buy mortgage-backed securities (2) 64,661 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 Feb 5, 2014 Net portfolio holdings of Maiden Lane LLC (1) 1,579 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 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 Feb 5, 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 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 Feb 5, 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 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 Feb 5, 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 Feb 5, 2014 Wednesday Wednesday consolidation Jan 29, 2014 Feb 6, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,037 + 18 - 177 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,030,962 + 5,829 +1,095,268 Securities held outright (1) 3,836,615 + 6,304 +1,078,439 U.S. Treasury securities 2,252,973 + 9,797 + 535,791 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,147,028 + 9,813 + 516,561 Notes and bonds, inflation-indexed (2) 92,615 0 + 16,485 Inflation compensation (3) 13,331 - 15 + 2,746 Federal agency debt securities (2) 51,411 - 3,500 - 23,700 Mortgage-backed securities (4) 1,532,231 + 7 + 566,348 Unamortized premiums on securities held outright (5) 208,632 - 150 + 29,948 Unamortized discounts on securities held outright (5) -14,389 - 303 - 12,713 Repurchase agreements (6) 0 0 0 Loans 103 - 24 - 407 Net portfolio holdings of Maiden Lane LLC (7) 1,579 0 + 174 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 0 - 399 Items in process of collection (0) 125 - 19 - 485 Bank premises 2,280 - 6 - 26 Central bank liquidity swaps (11) 359 + 98 - 4,833 Foreign currency denominated assets (12) 23,880 - 81 - 683 Other assets (13) 31,633 + 1,307 + 5,468 Total assets (0) 4,109,285 + 7,147 +1,094,310 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 Feb 5, 2014 Wednesday Wednesday consolidation Jan 29, 2014 Feb 6, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,187,151 + 4,010 + 68,557 Reverse repurchase agreements (14) 196,114 + 686 + 111,585 Deposits (0) 2,662,136 + 1,832 + 914,999 Term deposits held by depository institutions 12,822 0 + 9,786 Other deposits held by depository institutions 2,546,900 + 21,125 + 879,185 U.S. Treasury, General Account 77,423 - 18,209 + 29,286 Foreign official 7,971 - 91 - 123 Other (0) 17,020 - 993 - 3,135 Deferred availability cash items (0) 772 + 163 - 600 Other liabilities and accrued dividends (15) 7,971 + 348 - 561 Total liabilities (0) 4,054,144 + 7,038 +1,093,980 Capital accounts Capital paid in 27,571 + 55 + 165 Surplus 27,571 + 55 + 165 Other capital accounts 0 0 0 Total capital 55,141 + 108 + 330 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, February 5, 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 2,037 37 91 128 136 349 244 289 22 51 157 190 344 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,030,962 105,407 2,235,372 116,791 102,944 250,642 267,765 217,813 64,858 38,251 76,260 156,528 398,330 Securities held outright (1) 3,836,615 100,324 2,127,560 111,163 97,983 238,564 254,861 207,317 61,732 36,406 72,585 148,985 379,134 U.S. Treasury securities 2,252,973 58,913 1,249,366 65,278 57,539 140,092 149,662 121,743 36,251 21,379 42,624 87,488 222,639 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,252,973 58,913 1,249,366 65,278 57,539 140,092 149,662 121,743 36,251 21,379 42,624 87,488 222,639 Federal agency debt securities (2) 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080 Mortgage-backed securities (4) 1,532,231 40,066 849,685 44,395 39,132 95,275 101,784 82,796 24,654 14,540 28,988 59,500 151,415 Unamortized premiums on securities held outright (5) 208,632 5,456 115,695 6,045 5,328 12,973 13,859 11,274 3,357 1,980 3,947 8,102 20,617 Unamortized discounts on securities held outright (5) -14,389 -376 -7,979 -417 -367 -895 -956 -778 -232 -137 -272 -559 -1,422 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 103 4 96 0 0 0 0 0 0 2 0 0 1 Net portfolio holdings of Maiden Lane LLC (7) 1,579 0 1,579 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 125 0 0 0 0 0 123 0 0 0 0 0 0 Bank premises 2,280 124 429 72 110 227 211 201 126 99 246 230 203 Central bank liquidity swaps (11) 359 16 115 27 29 75 21 10 3 2 4 6 52 Foreign currency denominated assets (12) 23,880 1,086 7,682 1,795 1,899 4,979 1,373 659 201 101 251 399 3,455 Other assets (13) 31,633 872 17,064 928 821 2,156 2,123 1,709 584 371 624 1,261 3,120 Interdistrict settlement account 0 - 27,558 + 303,713 - 15,772 - 20,970 - 38,448 - 64,203 - 70,551 - 20,891 - 17,103 - 27,361 - 40,425 + 39,568 Total assets 4,109,285 80,572 2,571,982 104,576 85,719 221,248 209,732 151,347 45,363 22,053 50,643 119,199 446,852 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, February 5, 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 1,384,707 44,608 508,555 41,200 59,775 103,529 166,946 87,840 34,483 20,742 36,481 119,339 161,210 Less: Notes held by F.R. Banks 197,556 4,680 36,849 5,541 6,715 8,742 17,396 13,838 3,565 8,326 10,482 52,729 28,693 Federal Reserve notes, net 1,187,151 39,928 471,706 35,659 53,060 94,787 149,550 74,002 30,918 12,416 25,999 66,610 132,516 Reverse repurchase agreements (14) 196,114 5,128 108,753 5,682 5,009 12,195 13,028 10,597 3,156 1,861 3,710 7,616 19,380 Deposits 2,662,136 32,812 1,969,232 58,863 23,052 102,215 42,797 64,834 10,651 7,343 20,169 43,784 286,384 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 2,546,900 32,810 1,857,130 58,839 23,049 102,146 42,305 63,468 10,620 7,258 20,077 43,676 285,522 U.S. Treasury, General Account 77,423 0 77,423 0 0 0 0 0 0 0 0 0 0 Foreign official 7,971 2 7,944 3 3 8 2 1 0 0 0 1 6 Other 17,020 1 16,934 21 0 40 10 9 0 0 1 2 1 Deferred availability cash items 772 0 0 0 0 0 705 0 0 67 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 3,357 42 2,616 42 38 94 133 106 30 18 58 67 114 Other liabilities and accrued dividends (16) 4,614 159 1,985 193 185 480 354 288 137 114 121 206 390 Total liabilities 4,054,144 78,070 2,554,292 100,440 81,343 209,770 206,566 149,827 44,892 21,819 50,056 118,283 438,784 Capital Capital paid in 27,571 1,251 8,845 2,068 2,188 5,739 1,583 760 235 117 293 458 4,034 Surplus 27,571 1,251 8,845 2,068 2,188 5,739 1,583 760 235 117 293 458 4,034 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,109,285 80,572 2,571,982 104,576 85,719 221,248 209,732 151,347 45,363 22,053 50,643 119,199 446,852 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, February 5, 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 Feb 5, 2014 Federal Reserve notes outstanding 1,384,707 Less: Notes held by F.R. Banks not subject to collateralization 197,556 Federal Reserve notes to be collateralized 1,187,151 Collateral held against Federal Reserve notes 1,187,151 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,170,914 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,836,615 Less: Face value of securities under reverse repurchase agreements 196,689 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,639,926 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.