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FEDERAL RESERVE statistical release

H.4.1

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

April 24, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

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

Averages of daily figures

Wednesday
Apr 23, 2014

Week ended
Apr 23, 2014

Change from week ended

Apr 16, 2014

Apr 24, 2013

Reserve Bank credit

4,245,956

+    7,831

+  975,094

4,253,405

Securities held outright1

4,018,932

+    7,173

+  978,882

4,025,867

U.S. Treasury securities

2,338,256

+    6,682

+  506,889

2,341,768

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,228,502

+    6,588

+  489,239

2,231,979

Notes and bonds, inflation-indexed2

    95,389

         0

+   15,112

    95,389

Inflation compensation3

    14,365

+       95

+    2,539

    14,399

Federal agency debt securities2

    46,361

-      768

-   25,692

    44,965

Mortgage-backed securities4

1,634,315

+    1,259

+  497,685

1,639,134

Unamortized premiums on securities held outright5

   210,001

-      206

+   14,374

   210,075

Unamortized discounts on securities held outright5

   -17,553

-      101

-   15,889

   -17,626

Repurchase agreements6

         0

         0

         0

         0

Loans

       108

+        7

-      301

       106

Primary credit

        10

+        7

-        7

         5

Secondary credit

         0

         0

         0

         0

Seasonal credit

        17

+        1

+        4

        20

Term Asset-Backed Securities Loan Facility7

        82

         0

-      296

        81

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,586

         0

+      177

     1,585

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

-        1

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

        92

         0

-      301

        92

Float

      -523

+      109

+      107

      -564

Central bank liquidity swaps12

       407

         0

-    7,145

       407

Other Federal Reserve assets13

    32,820

+      848

+    5,190

    33,377

Foreign currency denominated assets14

    24,124

-      118

+      622

    24,140

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,762

+       14

+      747

    45,762

Total factors supplying reserve funds

4,332,083

+    7,726

+  976,463

4,339,548

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


1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

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

Averages of daily figures

Wednesday
Apr 23, 2014

Week ended
Apr 23, 2014

Change from week ended

Apr 16, 2014

Apr 24, 2013

Currency in circulation15

1,270,093

-      399

+   91,263

1,270,744

Reverse repurchase agreements16

   210,672

+   33,429

+  116,438

   256,532

Foreign official and international accounts

   105,041

+    6,234

+   10,807

   108,581

Others

   105,632

+   27,196

+  105,632

   147,951

Treasury cash holdings

       238

+        7

+       55

       237

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

   146,401

+   59,756

-   51,474

   165,772

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   111,394

+   45,937

-   17,306

   150,225

Foreign official

     7,098

+      120

-    2,772

     7,803

Other17

    27,908

+   13,697

-   31,397

     7,743

Other liabilities and capital18

    63,546

-    1,455

-    2,830

    62,547

Total factors, other than reserve balances,
absorbing reserve funds

1,690,951

+   91,338

+  153,452

1,755,833

Reserve balances with Federal Reserve Banks

2,641,132

-   83,612

+  823,010

2,583,715

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

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

17.

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

18.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Apr 23, 2014

Week ended
Apr 23, 2014

Change from week ended

Apr 16, 2014

Apr 24, 2013

Securities held in custody for foreign official and international accounts

3,294,846

-    6,066

-    2,834

3,278,134

Marketable U.S. Treasury securities1

2,957,070

-    3,744

+   12,450

2,943,644

Federal agency debt and mortgage-backed securities2

   295,283

-    2,090

-   19,547

   292,842

Other securities3

    42,494

-      231

+    4,264

    41,648

Securities lent to dealers

    12,060

+    1,031

-    6,764

    10,995

Overnight facility4

    12,060

+    1,031

-    6,764

    10,995

U.S. Treasury securities

    10,967

+    1,165

-    7,025

     9,787

Federal agency debt securities

     1,094

-      133

+      262

     1,208

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

1.

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

2.

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

3.

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

4.

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


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 23, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        22

         3

        81

         0

         0

...

       106

U.S. Treasury securities2

Holdings

         1

        38

       143

   856,629

   860,175

   624,781

2,341,768

Weekly changes

         0

         0

         0

+    3,478

+      194

+    2,104

+    5,777

Federal agency debt securities3

Holdings

         0

     2,315

     6,755

    33,548

         0

     2,347

    44,965

Weekly changes

-    1,629

         0

         0

         0

         0

         0

-    1,629

Mortgage-backed securities4

Holdings

         0

         0

         0

         6

     3,454

1,635,674

1,639,134

Weekly changes

         0

         0

         0

         0

+        7

+    6,498

+    6,505

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       231

       176

         0

         0

         0

         0

       407

Reverse repurchase agreements6

   256,532

         0

...

...

...

...

   256,532

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

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

2.

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

3.

Face value.

4.

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

5.

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

6.

Cash value of agreements.

7.

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


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Apr 23, 2014

Mortgage-backed securities held outright1

1,639,134

Commitments to buy mortgage-backed securities2

    39,987

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        56

1.

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

2.

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

3.

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


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Apr 23, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,585

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Apr 23, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Apr 23, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Apr 23, 2014

Asset-backed securities holdings1

         0

Other investments, net

        92

Net portfolio holdings of TALF LLC

        92

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.

2.

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

3.

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

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Apr 23, 2014

Change since

Wednesday

Wednesday

Apr 16, 2014

Apr 24, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,903

-       20

-      144

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

4,218,422

+   10,489

+  979,284

Securities held outright1

4,025,867

+   10,652

+  981,580

U.S. Treasury securities

2,341,768

+    5,777

+  505,541

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,231,979

+    5,682

+  487,919

Notes and bonds, inflation-indexed2

    95,389

         0

+   15,112

Inflation compensation3

    14,399

+       94

+    2,508

Federal agency debt securities2

    44,965

-    1,629

-   27,088

Mortgage-backed securities4

1,639,134

+    6,505

+  503,127

Unamortized premiums on securities held outright5

   210,075

-       44

+   13,981

Unamortized discounts on securities held outright5

   -17,626

-      122

-   15,964

Repurchase agreements6

         0

         0

         0

Loans

       106

+        2

-      312

Net portfolio holdings of Maiden Lane LLC7

     1,585

-        1

+      161

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

-        1

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

        92

         0

-      301

Items in process of collection

(0)

        91

-       18

-       43

Bank premises

     2,272

+        1

-       29

Central bank liquidity swaps11

       407

         0

-    7,145

Foreign currency denominated assets12

    24,140

-        3

+      713

Other assets13

    31,105

+    1,925

+    5,195

Total assets

(0)

4,296,339

+   12,372

+  977,690

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


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Apr 23, 2014

Change since

Wednesday

Wednesday

Apr 16, 2014

Apr 24, 2013

Liabilities

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

1,227,118

-      371

+   89,513

Reverse repurchase agreements14

   256,532

+   83,017

+  166,077

Deposits

(0)

2,749,487

-   69,275

+  724,486

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,583,715

-   87,089

+  834,228

U.S. Treasury, General Account

   150,225

+   15,742

-   17,396

Foreign official

     7,803

+      825

-    2,066

Other15

(0)

     7,743

+    1,245

-   90,280

Deferred availability cash items

(0)

       655

-      117

-      198

Other liabilities and accrued dividends16

     6,430

-      901

-    3,178

Total liabilities

(0)

4,240,222

+   12,352

+  976,701

Capital accounts

Capital paid in

    28,059

+       11

+      495

Surplus

    28,059

+       11

+      495

Other capital accounts

         0

         0

         0

Total capital

    56,118

+       21

+      990

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

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

14.

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

15.

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

16.

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


9. Statement of Condition of Each Federal Reserve Bank, April 23, 2014

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       352

     4,125

       338

       464

       824

     1,349

       706

       278

       173

       291

       880

     1,257

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,903

        34

        90

       122

       121

       325

       231

       273

        22

        47

       151

       171

       317

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

4,218,422

    85,329

2,589,130

   101,058

    92,100

   235,765

   233,190

   172,414

    52,032

    25,861

    55,567

   128,533

   447,443

Securities held outright1

4,025,867

    81,436

2,470,930

    96,448

    87,899

   225,008

   222,548

   164,543

    49,656

    24,672

    53,030

   122,669

   427,028

U.S. Treasury securities

2,341,768

    47,370

1,437,292

    56,102

    51,129

   130,883

   129,452

    95,711

    28,884

    14,351

    30,847

    71,354

   248,394

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,341,768

    47,370

1,437,292

    56,102

    51,129

   130,883

   129,452

    95,711

    28,884

    14,351

    30,847

    71,354

   248,394

Federal agency debt securities2

    44,965

       910

    27,598

     1,077

       982

     2,513

     2,486

     1,838

       555

       276

       592

     1,370

     4,769

Mortgage-backed securities4

1,639,134

    33,157

1,006,041

    39,269

    35,788

    91,612

    90,610

    66,994

    20,218

    10,045

    21,591

    49,945

   173,865

Unamortized premiums on securities held outright5

   210,075

     4,249

   128,936

     5,033

     4,587

    11,741

    11,613

     8,586

     2,591

     1,287

     2,767

     6,401

    22,283

Unamortized discounts on securities held outright5

   -17,626

      -357

   -10,818

      -422

      -385

      -985

      -974

      -720

      -217

      -108

      -232

      -537

    -1,870

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       106

         0

        81

         0

         0

         0

         4

         5

         2

        10

         2

         0

         2

Net portfolio holdings of Maiden

Lane LLC7

     1,585

         0

     1,585

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

        92

         0

        92

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        91

         0

         0

         0

         0

         0

        91

         0

         0

         0

         0

         0

         0

Bank premises

     2,272

       123

       428

        73

       110

       226

       210

       200

       126

        99

       245

       230

       202

Central bank liquidity swaps11

       407

        19

       131

        31

        32

        85

        23

        11

         3

         2

         4

         7

        59

Foreign currency denominated assets12

    24,140

     1,098

     7,765

     1,815

     1,920

     5,033

     1,388

       666

       203

       102

       254

       404

     3,493

Other assets13

    31,105

       673

    18,682

       754

       685

     1,901

     1,715

     1,262

       450

       261

       434

     1,050

     3,238

Interdistrict settlement account

         0

+    7,811

+   56,232

+    4,689

-   12,166

-   15,615

+    6,906

-   19,814

-    8,782

-    2,982

-    4,483

+    1,271

-   13,067

Total assets

4,296,339

    95,634

2,680,163

   109,091

    83,503

   228,955

   245,757

   156,143

    44,481

    23,652

    52,616

   132,827

   443,516

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


9. Statement of Condition of Each Federal Reserve Bank, April 23, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

Federal Reserve notes outstanding

1,454,701

    44,787

   519,149

    43,548

    60,980

   103,896

   209,828

    91,303

    36,810

    21,107

    37,811

   117,585

   167,898

Less: Notes held by F.R. Banks

   227,583

     4,690

    74,467

     5,426

     8,449

    11,144

    23,486

    14,274

     4,889

     6,278

     7,173

    35,761

    31,547

Federal Reserve notes, net

1,227,118

    40,097

   444,682

    38,122

    52,530

    92,752

   186,342

    77,030

    31,921

    14,829

    30,638

    81,824

   136,351

Reverse repurchase agreements14

   256,532

     5,189

   157,450

     6,146

     5,601

    14,338

    14,181

    10,485

     3,164

     1,572

     3,379

     7,817

    27,211

Deposits

2,749,487

    47,612

2,056,593

    60,351

    20,715

   109,781

    41,016

    66,765

     8,747

     6,821

    17,887

    42,018

   271,180

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

2,583,715

    47,610

1,891,089

    60,321

    20,712

   109,582

    41,007

    66,757

     8,746

     6,821

    17,886

    42,011

   271,173

U.S. Treasury, General Account

   150,225

         0

   150,225

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,803

         2

     7,776

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     7,743

         1

     7,503

        27

         0

       191

         6

         7

         0

         0

         1

         6

         1

Deferred availability cash items

       655

         0

         0

         0

         0

         0

       583

         0

         0

        73

         0

         0

         0

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

     2,087

        41

     1,296

        47

        44

       111

       120

        88

        25

        12

        20

        66

       216

Other liabilities and accrued
dividends17

     4,343

       159

     1,787

       205

       201

       509

       321

       246

       126

       113

       109

       180

       386

Total liabilities

4,240,222

    93,099

2,661,807

   104,871

    79,091

   217,490

   242,564

   154,614

    43,983

    23,420

    52,034

   131,904

   435,344

Capital

Capital paid in

    28,059

     1,268

     9,178

     2,110

     2,206

     5,733

     1,597

       765

       249

       116

       291

       462

     4,086

Surplus

    28,059

     1,268

     9,178

     2,110

     2,206

     5,733

     1,597

       765

       249

       116

       291

       462

     4,086

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,296,339

    95,634

2,680,163

   109,091

    83,503

   228,955

   245,757

   156,143

    44,481

    23,652

    52,616

   132,827

   443,516

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


9. Statement of Condition of Each Federal Reserve Bank, April 23, 2014 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

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

14.

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

15.

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

16.

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

17.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Apr 23, 2014

Federal Reserve notes outstanding

1,454,701

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

   227,583

Federal Reserve notes to be collateralized

1,227,118

Collateral held against Federal Reserve notes

1,227,118

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,210,881

Other assets pledged

         0

Memo:

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

4,025,867

Less: Face value of securities under reverse repurchase agreements

   103,879

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

3,921,988

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

1.

Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.

2.

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


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