FRB: H.4.1 Release--Factors Affecting Reserve Balances--March 13, 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 13, 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 12, 2014
Federal Reserve Banks Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Reserve Bank credit 4,134,543 + 11,160 +1,049,838 4,138,150
Securities held outright (1) 3,914,509 + 8,767 +1,045,203 3,917,478
U.S. Treasury securities 2,292,975 + 8,744 + 525,918 2,295,938
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,185,904 + 8,641 + 507,109 2,188,835
Notes and bonds, inflation-indexed (2) 93,608 + 3 + 15,912 93,608
Inflation compensation (3) 13,462 + 99 + 2,895 13,495
Federal agency debt securities (2) 51,411 0 - 22,177 51,411
Mortgage-backed securities (4) 1,570,123 + 23 + 541,463 1,570,129
Unamortized premiums on securities held outright (5) 208,912 - 329 + 22,695 208,797
Unamortized discounts on securities held outright (5) -16,113 - 364 - 14,447 -16,282
Repurchase agreements (6) 0 0 0 0
Loans 105 + 5 - 287 104
Primary credit 6 + 2 0 4
Secondary credit 0 0 0 0
Seasonal credit 5 + 3 + 5 6
Term Asset-Backed Securities Loan Facility (7) 95 0 - 291 95
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,582 + 1 + 187 1,585
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 1 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 105 - 1 - 294 105
Float -675 - 26 - 85 -731
Central bank liquidity swaps (12) 457 - 1 - 7,531 457
Other Federal Reserve assets (13) 25,576 + 3,110 + 4,397 26,550
Foreign currency denominated assets (14) 24,110 - 23 + 339 24,186
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,679 + 14 + 749 45,679

Total factors supplying reserve funds 4,220,574 + 11,152 +1,050,927 4,224,256

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 12, 2014
Federal Reserve Banks Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Currency in circulation (15) 1,260,110 + 6,321 + 85,133 1,262,007
Reverse repurchase agreements (16) 159,583 - 38,602 + 68,278 161,627
Foreign official and international accounts 96,786 - 3,276 + 5,481 95,427
Others 62,797 - 35,326 + 62,797 66,200
Treasury cash holdings 272 + 2 + 47 278
Deposits with F.R. Banks, other than reserve balances 84,798 + 20,053 + 9,064 74,952
Term deposits held by depository institutions 13,542 + 13,542 + 13,542 13,542
U.S. Treasury, General Account 56,141 + 10,747 + 13,141 42,797
Foreign official 6,844 - 1,130 - 758 6,570
Other (17) 8,270 - 3,108 - 16,862 12,043
Other liabilities and capital (18) 63,790 + 965 - 2,660 62,705

Total factors, other than reserve balances,
absorbing reserve funds 1,568,553 - 11,261 + 159,862 1,561,570

Reserve balances with Federal Reserve Banks 2,652,021 + 22,413 + 891,065 2,662,686

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 12, 2014
Mar 12, 2014 Mar 5, 2014 Mar 13, 2013

Securities held in custody for foreign official and
international accounts 3,273,729 - 47,579 - 17,444 3,206,307
Marketable U.S. Treasury securities (1) 2,921,999 - 46,596 - 34,028 2,855,397
Federal agency debt and mortgage-backed securities (2) 306,573 - 661 + 9,742 306,301
Other securities (3) 45,156 - 324 + 6,842 44,609
Securities lent to dealers 11,672 + 1,681 - 3,290 12,723
Overnight facility (4) 11,672 + 1,681 - 3,290 12,723
U.S. Treasury securities 10,258 + 1,530 - 3,770 11,374
Federal agency debt securities 1,413 + 150 + 479 1,349

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 12, 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) 4 6 95 0 0 ... 104
U.S. Treasury securities (2)
Holdings 0 40 141 828,168 859,084 608,506 2,295,938
Weekly changes 0 0 0 + 12 + 5,030 + 2,444 + 7,485
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 1,567,183 1,570,129
Weekly changes 0 0 0 0 0 + 10 + 10
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) 100 357 0 0 0 0 457

Reverse repurchase agreements (6) 161,627 0 ... ... ... ... 161,627
Term deposits 13,542 0 0 ... ... ... 13,542

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 12, 2014

Mortgage-backed securities held outright (1) 1,570,129

Commitments to buy mortgage-backed securities (2) 67,843
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 11

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 12, 2014

Net portfolio holdings of Maiden Lane LLC (1) 1,585

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 12, 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 12, 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 12, 2014

Asset-backed securities holdings (1) 0
Other investments, net 105
Net portfolio holdings of TALF LLC 105

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 12, 2014 Wednesday Wednesday
consolidation Mar 5, 2014 Mar 13, 2013

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,967 - 22 - 182
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,110,098 + 6,851 +1,019,216
Securities held outright (1) 3,917,478 + 7,496 +1,013,035
U.S. Treasury securities 2,295,938 + 7,485 + 525,951
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,188,835 + 7,396 + 508,469
Notes and bonds, inflation-indexed (2) 93,608 0 + 14,729
Inflation compensation (3) 13,495 + 89 + 2,753
Federal agency debt securities (2) 51,411 0 - 22,177
Mortgage-backed securities (4) 1,570,129 + 10 + 509,260
Unamortized premiums on securities held outright
(5) 208,797 - 318 + 21,079
Unamortized discounts on securities held outright
(5) -16,282 - 331 - 14,605
Repurchase agreements (6) 0 0 0
Loans 104 + 3 - 293
Net portfolio holdings of Maiden Lane LLC (7) 1,585 + 4 + 183
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) 105 - 1 - 294
Items in process of collection (0) 91 - 8 - 483
Bank premises 2,275 + 1 - 27
Central bank liquidity swaps (11) 457 - 1 - 7,531
Foreign currency denominated assets (12) 24,186 + 150 + 491
Other assets (13) 24,275 + 2,626 + 4,593

Total assets (0) 4,181,361 + 9,599 +1,015,965

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 12, 2014 Wednesday Wednesday
consolidation Mar 5, 2014 Mar 13, 2013

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,218,569 + 3,495 + 85,274
Reverse repurchase agreements (14) 161,627 - 11,099 + 69,437
Deposits (0) 2,737,638 + 17,418 + 865,599
Term deposits held by depository institutions 13,542 + 13,542 + 13,542
Other deposits held by depository institutions 2,662,686 + 3,617 + 860,097
U.S. Treasury, General Account 42,797 - 2,947 + 14,349
Foreign official 6,570 - 1,402 - 1,030
Other (15) (0) 12,043 + 4,608 - 21,360
Deferred availability cash items (0) 822 - 91 - 397
Other liabilities and accrued dividends (16) 6,629 - 126 - 4,933

Total liabilities (0) 4,125,285 + 9,597 +1,014,980

Capital accounts
Capital paid in 28,038 + 1 + 492
Surplus 28,038 + 1 + 492
Other capital accounts 0 0 0

Total capital 56,076 + 2 + 985

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 12, 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 1,967 38 95 125 130 337 221 279 18 48 154 180 342
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,110,098 107,472 2,279,255 119,084 104,965 255,563 273,021 222,093 66,132 39,005 77,758 159,601 406,149
Securities held outright (1) 3,917,478 102,438 2,172,402 113,506 100,048 243,592 260,233 211,687 63,033 37,174 74,114 152,125 387,125
U.S. Treasury securities 2,295,938 60,036 1,273,192 66,523 58,636 142,763 152,516 124,064 36,942 21,787 43,437 89,157 226,885
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,295,938 60,036 1,273,192 66,523 58,636 142,763 152,516 124,064 36,942 21,787 43,437 89,157 226,885
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) 1,570,129 41,057 870,701 45,493 40,099 97,632 104,302 84,844 25,264 14,899 29,705 60,972 155,160
Unamortized premiums on securities held
outright (5) 208,797 5,460 115,787 6,050 5,332 12,983 13,870 11,283 3,360 1,981 3,950 8,108 20,633
Unamortized discounts on securities
held outright (5) -16,282 -426 -9,029 -472 -416 -1,012 -1,082 -880 -262 -154 -308 -632 -1,609
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 104 0 95 0 0 0 0 3 1 5 1 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,585 0 1,585 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) 105 0 105 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 2,275 123 428 72 110 227 211 201 126 99 246 230 203
Central bank liquidity swaps (11) 457 21 147 34 36 95 26 13 4 2 5 8 66
Foreign currency denominated assets (12) 24,186 1,100 7,780 1,818 1,923 5,043 1,390 668 203 102 255 404 3,499
Other assets (13) 24,275 662 13,111 829 615 1,658 1,599 1,285 435 290 471 973 2,346
Interdistrict settlement account 0 - 23,549 + 247,731 - 3,490 - 18,033 - 30,464 - 62,055 - 70,800 - 18,984 - 15,797 - 26,939 - 32,038 + 54,418

Total assets 4,181,361 86,454 2,556,065 119,079 90,495 233,728 216,580 154,954 48,394 24,030 52,411 130,368 468,803

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 12, 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 1,398,834 44,167 515,605 42,543 60,541 102,807 167,958 88,157 36,242 20,967 36,957 118,770 164,121
Less: Notes held by F.R. Banks 180,265 3,513 35,920 3,931 7,390 8,828 15,662 12,989 3,972 7,312 9,717 42,919 28,111
Federal Reserve notes, net 1,218,569 40,653 479,684 38,612 53,150 93,979 152,296 75,168 32,270 13,655 27,240 75,851 136,010
Reverse repurchase agreements (14) 161,627 4,226 89,629 4,683 4,128 10,050 10,737 8,734 2,601 1,534 3,058 6,276 15,972
Deposits 2,737,638 38,822 1,965,349 71,297 28,559 117,581 49,215 69,146 12,871 8,320 21,362 47,044 308,071
Term deposits held by depository
institutions 13,542 10 10,710 0 0 15 955 1,355 40 52 0 205 200
Other deposits held by depository
institutions 2,662,686 38,809 1,893,421 71,264 28,556 117,441 48,251 67,783 12,831 8,268 21,361 46,837 307,864
U.S. Treasury, General Account 42,797 0 42,797 0 0 0 0 0 0 0 0 0 0
Foreign official 6,570 2 6,543 3 3 8 2 1 0 0 0 1 6
Other (15) 12,043 1 11,878 30 0 117 6 7 0 0 1 1 1
Deferred availability cash items 822 0 0 0 0 0 671 0 0 151 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,226 58 1,228 71 61 153 143 117 34 22 42 81 217
Other liabilities and accrued
dividends (17) 4,403 162 1,832 196 191 491 335 269 135 115 118 195 363

Total liabilities 4,125,285 83,921 2,537,722 114,860 86,090 222,253 213,396 153,434 47,910 23,796 51,820 129,448 460,633

Capital
Capital paid in 28,038 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 460 4,085
Surplus 28,038 1,267 9,172 2,110 2,202 5,737 1,592 760 242 117 295 460 4,085
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,181,361 86,454 2,556,065 119,079 90,495 233,728 216,580 154,954 48,394 24,030 52,411 130,368 468,803

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 12, 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 12, 2014

Federal Reserve notes outstanding 1,398,834
Less: Notes held by F.R. Banks not subject to collateralization 180,265
Federal Reserve notes to be collateralized 1,218,569
Collateral held against Federal Reserve notes 1,218,569
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,202,332
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,917,478
Less: Face value of securities under reverse repurchase agreements 157,439
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,760,039

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