FRB: H.4.1 Release--Factors Affecting Reserve Balances--March 6, 2014

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 March 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 Mar 5, 2014
Federal Reserve Banks Mar 5, 2014 Feb 26, 2014 Mar 6, 2013

Reserve Bank credit 4,123,383 + 6,179 +1,064,217 4,128,587
Securities held outright (1) 3,905,742 + 6,970 +1,059,109 3,909,982
U.S. Treasury securities 2,284,231 + 11,186 + 527,125 2,288,453
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,177,263 + 11,144 + 508,138 2,181,439
Notes and bonds, inflation-indexed (2) 93,605 + 22 + 16,106 93,608
Inflation compensation (3) 13,363 + 20 + 2,881 13,406
Federal agency debt securities (2) 51,411 0 - 22,177 51,411
Mortgage-backed securities (4) 1,570,100 - 4,216 + 554,161 1,570,119
Unamortized premiums on securities held outright (5) 209,241 - 306 + 24,311 209,115
Unamortized discounts on securities held outright (5) -15,749 - 354 - 14,127 -15,951
Repurchase agreements (6) 0 0 0 0
Loans 100 0 - 309 101
Primary credit 4 + 2 - 17 5
Secondary credit 0 0 0 0
Seasonal credit 2 - 1 + 2 1
Term Asset-Backed Securities Loan Facility (7) 95 - 1 - 293 95
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,581 + 1 + 182 1,581
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) 106 0 - 386 106
Float -649 - 57 + 99 -813
Central bank liquidity swaps (12) 458 + 98 - 7,885 458
Other Federal Reserve assets (13) 22,466 - 175 + 3,220 23,923
Foreign currency denominated assets (14) 24,133 + 134 + 82 24,036
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,665 + 14 + 753 45,665

Total factors supplying reserve funds 4,209,422 + 6,326 +1,065,052 4,214,530

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 Mar 5, 2014
Federal Reserve Banks Mar 5, 2014 Feb 26, 2014 Mar 6, 2013

Currency in circulation (15) 1,253,789 + 5,402 + 81,142 1,258,484
Reverse repurchase agreements (16) 198,185 - 10,004 + 104,355 172,726
Foreign official and international accounts 100,062 - 4,359 + 6,232 96,543
Others 98,123 - 5,645 + 98,123 76,183
Treasury cash holdings 270 + 1 + 51 271
Deposits with F.R. Banks, other than reserve balances 64,745 - 18,934 + 472 61,151
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 45,394 - 1,310 + 8,601 45,744
Foreign official 7,974 + 2 - 662 7,972
Other (17) 11,378 - 17,625 - 7,466 7,435
Other liabilities and capital (18) 62,825 + 151 - 2,509 62,829

Total factors, other than reserve balances,
absorbing reserve funds 1,579,814 - 23,384 + 183,511 1,555,461

Reserve balances with Federal Reserve Banks 2,629,608 + 29,710 + 881,541 2,659,069

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
Week ended Change from week ended Mar 5, 2014
Mar 5, 2014 Feb 26, 2014 Mar 6, 2013

Securities held in custody for foreign official and
international accounts 3,321,308 - 4,059 + 26,193 3,312,449
Marketable U.S. Treasury securities (1) 2,968,595 - 1,767 + 8,047 2,959,932
Federal agency debt and mortgage-backed securities (2) 307,234 - 1,911 + 10,437 307,098
Other securities (3) 45,480 - 380 + 7,711 45,418
Securities lent to dealers 9,991 - 2,008 - 8,726 10,668
Overnight facility (4) 9,991 - 2,008 - 8,726 10,668
U.S. Treasury securities 8,728 - 2,078 - 8,963 9,551
Federal agency debt securities 1,263 + 70 + 237 1,117

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, March 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) 5 1 63 32 0 ... 101
U.S. Treasury securities (2)
Holdings 0 40 141 828,156 854,054 606,062 2,288,453
Weekly changes - 295 + 37 - 36 + 8,442 - 1,738 + 3,788 + 10,197
Federal agency debt securities (3)
Holdings 4,068 3,261 7,205 34,468 62 2,347 51,411
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,940 1,567,173 1,570,119
Weekly changes 0 0 0 0 + 40 + 12 + 52
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) 1 457 0 0 0 0 458

Reverse repurchase agreements (6) 172,726 0 ... ... ... ... 172,726
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
Mar 5, 2014

Mortgage-backed securities held outright (1) 1,570,119

Commitments to buy mortgage-backed securities (2) 57,553
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 12

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
Mar 5, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,581

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
Mar 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
Mar 5, 2014

Net portfolio holdings of Maiden Lane III LLC (1) 22

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Mar 5, 2014

Asset-backed securities holdings (1) 0
Other investments, net 106
Net portfolio holdings of TALF LLC 106

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 Mar 5, 2014 Wednesday Wednesday
consolidation Feb 26, 2014 Mar 6, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,989 - 31 - 177
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,103,247 + 9,679 +1,067,656
Securities held outright (1) 3,909,982 + 10,249 +1,058,688
U.S. Treasury securities 2,288,453 + 10,197 + 526,690
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,181,439 + 10,108 + 507,678
Notes and bonds, inflation-indexed (2) 93,608 + 25 + 16,109
Inflation compensation (3) 13,406 + 64 + 2,902
Federal agency debt securities (2) 51,411 0 - 22,177
Mortgage-backed securities (4) 1,570,119 + 52 + 554,176
Unamortized premiums on securities held outright
(5) 209,115 - 197 + 23,582
Unamortized discounts on securities held outright
(5) -15,951 - 374 - 14,313
Repurchase agreements (6) 0 0 0
Loans 101 + 1 - 299
Net portfolio holdings of Maiden Lane LLC (7) 1,581 0 + 187
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 1
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 106 0 - 293
Items in process of collection (0) 99 - 9 - 535
Bank premises 2,274 - 9 - 26
Central bank liquidity swaps (11) 458 + 98 - 7,885
Foreign currency denominated assets (12) 24,036 + 77 + 55
Other assets (13) 21,649 + 1,984 + 3,973

Total assets (0) 4,171,762 + 11,790 +1,062,957

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 Mar 5, 2014 Wednesday Wednesday
consolidation Feb 26, 2014 Mar 6, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,215,074 + 7,505 + 82,422
Reverse repurchase agreements (14) 172,726 - 59,948 + 79,259
Deposits (0) 2,720,220 + 62,515 + 904,100
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,659,069 + 48,529 + 913,759
U.S. Treasury, General Account 45,744 + 18,317 - 3,216
Foreign official 7,972 0 - 663
Other (15) (0) 7,435 - 4,331 - 5,780
Deferred availability cash items (0) 913 + 195 - 586
Other liabilities and accrued dividends (16) 6,755 + 1,326 - 3,299

Total liabilities (0) 4,115,688 + 11,593 +1,061,897

Capital accounts
Capital paid in 28,037 + 98 + 530
Surplus 28,037 + 98 + 530
Other capital accounts 0 0 0

Total capital 56,074 + 197 + 1,060

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, March 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 1,989 39 93 125 132 341 226 282 21 49 156 182 342
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,103,247 107,293 2,275,457 118,887 104,790 255,137 272,567 221,720 66,021 38,936 77,627 159,338 405,474
Securities held outright (1) 3,909,982 102,242 2,168,245 113,289 99,857 243,126 259,735 211,282 62,913 37,103 73,973 151,834 386,384
U.S. Treasury securities 2,288,453 59,841 1,269,041 66,306 58,445 142,298 152,019 123,660 36,822 21,716 43,295 88,866 226,145
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,288,453 59,841 1,269,041 66,306 58,445 142,298 152,019 123,660 36,822 21,716 43,295 88,866 226,145
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) 1,570,119 41,057 870,695 45,493 40,099 97,631 104,301 84,844 25,264 14,899 29,705 60,972 155,159
Unamortized premiums on securities held
outright (5) 209,115 5,468 115,963 6,059 5,341 13,003 13,891 11,300 3,365 1,984 3,956 8,120 20,665
Unamortized discounts on securities
held outright (5) -15,951 -417 -8,846 -462 -407 -992 -1,060 -862 -257 -151 -302 -619 -1,576
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 101 0 95 1 0 0 0 0 0 1 0 3 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,581 0 1,581 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) 106 0 106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 99 0 0 0 0 0 98 0 0 0 0 0 0
Bank premises 2,274 123 428 72 110 226 211 201 126 99 246 230 203
Central bank liquidity swaps (11) 458 21 147 34 36 96 26 13 4 2 5 8 66
Foreign currency denominated assets (12) 24,036 1,093 7,732 1,807 1,911 5,012 1,382 664 202 102 253 402 3,478
Other assets (13) 21,649 592 11,662 756 550 1,499 1,426 1,146 394 267 421 846 2,090
Interdistrict settlement account 0 - 15,597 + 247,066 - 2,044 - 18,161 - 33,289 - 60,649 - 76,489 - 18,928 - 15,323 - 25,821 - 32,387 + 51,622

Total assets 4,171,762 94,150 2,550,101 120,244 90,117 230,290 217,362 148,752 48,300 24,412 53,348 129,630 465,055

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, March 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 1,393,668 44,223 511,007 42,367 60,554 102,868 167,962 88,047 36,016 21,036 36,959 119,036 163,593
Less: Notes held by F.R. Banks 178,594 3,586 32,105 3,889 7,179 8,655 15,413 12,680 3,881 7,474 10,170 46,738 26,824
Federal Reserve notes, net 1,215,074 40,636 478,901 38,478 53,375 94,213 152,549 75,367 32,135 13,562 26,790 72,297 136,769
Reverse repurchase agreements (14) 172,726 4,517 95,784 5,005 4,411 10,740 11,474 9,334 2,779 1,639 3,268 6,707 17,069
Deposits 2,720,220 46,243 1,953,933 72,316 27,670 113,218 48,816 62,110 12,727 8,755 22,536 49,415 302,482
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 2,659,069 46,240 1,892,989 72,284 27,666 113,080 48,805 62,102 12,727 8,755 22,534 49,413 302,475
U.S. Treasury, General Account 45,744 0 45,744 0 0 0 0 0 0 0 0 0 0
Foreign official 7,972 2 7,944 3 3 8 2 1 0 0 0 1 6
Other (15) 7,435 1 7,256 29 0 129 9 7 0 0 1 1 1
Deferred availability cash items 913 0 0 0 0 0 827 0 0 85 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,409 66 1,349 31 69 160 174 153 40 24 48 97 199
Other liabilities and accrued
dividends (17) 4,346 156 1,791 195 187 484 339 268 135 113 117 195 367

Total liabilities 4,115,688 91,617 2,531,758 116,024 85,712 218,815 214,178 147,232 47,817 24,179 52,758 128,711 456,886

Capital
Capital paid in 28,037 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 459 4,085
Surplus 28,037 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 459 4,085
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,171,762 94,150 2,550,101 120,244 90,117 230,290 217,362 148,752 48,300 24,412 53,348 129,630 465,055

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, March 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. 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
Mar 5, 2014

Federal Reserve notes outstanding 1,393,668
Less: Notes held by F.R. Banks not subject to collateralization 178,594
Federal Reserve notes to be collateralized 1,215,074
Collateral held against Federal Reserve notes 1,215,074
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,198,837
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,909,982
Less: Face value of securities under reverse repurchase agreements 164,743
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,745,239

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

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.

Statistical releases