H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 The Board's H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” has been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements shown in table 10 as “Less: Face value of securities under reverse repurchase agreements.” Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. Historical releases incorporating this correction can be accessed at http://www.federalreserve.gov/releases/h41.

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 12, 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 Jun 11, 2014 Federal Reserve Banks Jun 11, 2014 Jun 4, 2014 Jun 12, 2013 Reserve Bank credit 4,293,658 + 8,785 + 929,658 4,298,214 Securities held outright1 4,074,203 + 6,953 + 935,022 4,077,886 U.S. Treasury securities 2,382,132 + 6,947 + 478,836 2,385,801 Bills2 0 0 0 0 Notes and bonds, nominal2 2,270,682 + 6,853 + 462,045 2,274,320 Notes and bonds, inflation-indexed2 96,068 0 + 14,028 96,068 Inflation compensation3 15,382 + 94 + 2,763 15,414 Federal agency debt securities2 44,082 0 - 26,808 44,082 Mortgage-backed securities4 1,647,989 + 6 + 482,994 1,648,003 Unamortized premiums on securities held outright5 209,184 - 118 + 8,276 209,101 Unamortized discounts on securities held outright5 -18,231 - 152 - 16,258 -18,269 Repurchase agreements6 0 0 0 0 Loans 169 + 12 - 167 183 Primary credit 9 - 7 - 6 16 Secondary credit 0 0 0 0 Seasonal credit 81 + 20 + 31 88 Term Asset-Backed Securities Loan Facility7 79 0 - 192 79 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC8 1,654 - 1 + 230 1,654 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 90 - 1 - 191 90 Float -599 + 14 + 194 -614 Central bank liquidity swaps12 174 0 - 1,597 174 Other Federal Reserve assets13 26,929 + 2,078 + 4,150 27,925 Foreign currency denominated assets14 23,907 - 71 - 31 23,874 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding15 45,889 + 14 + 789 45,889 Total factors supplying reserve funds 4,379,694 + 8,727 + 930,415 4,384,218 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 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 Jun 11, 2014 Federal Reserve Banks Jun 11, 2014 Jun 4, 2014 Jun 12, 2013 Currency in circulation15 1,279,588 - 879 + 90,538 1,279,893 Reverse repurchase agreements16 206,918 - 49,484 + 116,372 213,136 Foreign official and international accounts 102,361 - 5,765 + 11,815 102,261 Others 104,557 - 43,720 + 104,557 110,875 Treasury cash holdings 188 + 1 + 52 181 Deposits with F.R. Banks, other than reserve balances 118,830 + 28,205 + 44,368 117,976 Term deposits held by depository institutions 59,102 + 16,198 + 48,606 59,102 U.S. Treasury, General Account 46,921 + 13,026 + 3,865 42,420 Foreign official 6,215 - 1,578 - 3,645 5,946 Other17 6,592 + 559 - 4,459 10,508 Other liabilities and capital18 64,660 + 445 + 622 63,791 Total factors, other than reserve balances, absorbing reserve funds 1,670,184 - 21,711 + 251,952 1,674,977 Reserve balances with Federal Reserve Banks 2,709,510 + 30,439 + 678,463 2,709,241 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.

H.4.1 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Memorandum item Week ended Change from week ended Jun 11, 2014 Jun 11, 2014 Jun 4, 2014 Jun 12, 2013 Securities held in custody for foreign official and international accounts 3,308,058 + 12,490 - 6,292 3,306,293 Marketable U.S. Treasury securities1 2,972,352 + 12,444 - 1,283 2,970,633 Federal agency debt and mortgage-backed securities2 294,240 + 102 - 8,357 294,286 Other securities3 41,467 - 55 + 3,349 41,374 Securities lent to dealers 12,254 + 1,685 - 5,888 12,541 Overnight facility4 12,254 + 1,685 - 5,888 12,541 U.S. Treasury securities 11,448 + 1,921 - 5,720 11,715 Federal agency debt securities 807 - 234 - 166 826 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, June 11, 2014 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 Remaining Maturity All days 90 days 1 year to 5 years to 10 years years Loans1 28 91 64 0 0 ... 183 U.S. Treasury securities2 Holdings 0 47 1,994 929,168 816,849 637,742 2,385,801 Weekly changes 0 0 0 + 3,025 + 2,529 + 2,062 + 7,615 Federal agency debt securities3 Holdings 423 2,097 5,667 33,548 0 2,347 44,082 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 0 0 9 3,696 1,644,298 1,648,003 Weekly changes 0 0 0 0 0 + 20 + 20 Asset-backed securities held by TALF LLC5 0 0 0 0 0 0 0 Repurchase agreements6 0 0 ... ... ... ... 0 Central bank liquidity swaps7 50 124 0 0 0 0 174 Reverse repurchase agreements6 213,136 0 ... ... ... ... 213,136 Term deposits 59,102 0 0 ... ... ... 59,102 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.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Jun 11, 2014 Mortgage-backed securities held outright1 1,648,003 Commitments to buy mortgage-backed securities2 69,981 Commitments to sell mortgage-backed securities2 300 Cash and cash equivalents3 2 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 Wednesday Account name Jun 11, 2014 Net portfolio holdings of Maiden Lane LLC1 1,654 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 March 31, 2014. 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 Wednesday Account name Jun 11, 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 March 31, 2014. 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.

H.4.1 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jun 11, 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 March 31, 2014. 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 Wednesday Account name Jun 11, 2014 Asset-backed securities holdings1 0 Other investments, net 90 Net portfolio holdings of TALF LLC 90 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.

H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 11, 2014 Jun 4, 2014 Jun 12, 2013 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,880 + 22 - 99 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,268,901 + 7,291 + 927,681 Securities held outright1 4,077,886 + 7,635 + 935,910 U.S. Treasury securities 2,385,801 + 7,615 + 479,722 Bills2 0 0 0 Notes and bonds, nominal2 2,274,320 + 7,530 + 463,903 Notes and bonds, inflation-indexed2 96,068 0 + 13,042 Inflation compensation3 15,414 + 86 + 2,778 Federal agency debt securities2 44,082 0 - 26,808 Mortgage-backed securities4 1,648,003 + 20 + 482,995 Unamortized premiums on securities held outright5 209,101 - 209 + 8,176 Unamortized discounts on securities held outright5 -18,269 - 155 - 16,207 Repurchase agreements6 0 0 0 Loans 183 + 19 - 197 Net portfolio holdings of Maiden Lane LLC7 1,654 0 + 229 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 90 - 1 - 191 Items in process of collection (0) 84 - 1 - 8 Bank premises 2,262 + 1 - 37 Central bank liquidity swaps11 174 0 - 1,597 Foreign currency denominated assets12 23,874 - 27 - 348 Other assets13 25,663 + 2,702 + 4,432 Total assets (0) 4,340,904 + 9,987 + 930,062 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 11, 2014 Jun 4, 2014 Jun 12, 2013 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,236,061 - 997 + 89,463 Reverse repurchase agreements14 213,136 - 19,818 + 126,859 Deposits (0) 2,827,218 + 30,394 + 713,608 Term deposits held by depository institutions 59,102 + 16,198 + 48,606 Other deposits held by depository institutions 2,709,242 + 1,178 + 668,515 U.S. Treasury, General Account 42,420 + 10,518 + 3,136 Foreign official 5,946 - 1,833 - 3,765 Other15 (0) 10,508 + 4,333 - 2,883 Deferred availability cash items (0) 698 - 116 - 276 Other liabilities and accrued dividends16 7,481 + 527 - 933 Total liabilities (0) 4,284,593 + 9,989 + 928,721 Capital accounts Capital paid in 28,155 - 1 + 670 Surplus 28,155 - 1 + 670 Other capital accounts 0 0 0 Total capital 56,310 - 3 + 1,341 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.

H.4.1 9. Statement of Condition of Each Federal Reserve Bank, June 11, 2014 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 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 1,880 32 82 119 119 316 222 275 22 46 151 177 320 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,268,901 86,349 2,620,063 102,266 93,201 238,582 235,985 174,482 52,667 26,195 56,239 130,071 452,801 Securities held outright1 4,077,886 82,488 2,502,858 97,694 89,034 227,916 225,423 166,669 50,298 24,991 53,715 124,254 432,546 U.S. Treasury securities 2,385,801 48,261 1,464,318 57,157 52,090 133,344 131,886 97,511 29,427 14,621 31,427 72,696 253,064 Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds3 2,385,801 48,261 1,464,318 57,157 52,090 133,344 131,886 97,511 29,427 14,621 31,427 72,696 253,064 Federal agency debt securities2 44,082 892 27,056 1,056 962 2,464 2,437 1,802 544 270 581 1,343 4,676 Mortgage-backed securities4 1,648,003 33,336 1,011,484 39,481 35,982 92,108 91,101 67,356 20,327 10,100 21,708 50,215 174,805 Unamortized premiums on securities held outright5 209,101 4,230 128,339 5,009 4,565 11,687 11,559 8,546 2,579 1,281 2,754 6,371 22,180 Unamortized discounts on securities held outright5 -18,269 -370 -11,213 -438 -399 -1,021 -1,010 -747 -225 -112 -241 -557 -1,938 Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 183 0 79 1 0 0 13 13 15 35 10 3 14 Net portfolio holdings of Maiden Lane LLC7 1,654 0 1,654 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 90 0 90 0 0 0 0 0 0 0 0 0 0 Items in process of collection 84 0 0 0 0 0 83 0 0 0 0 0 0 Bank premises 2,262 122 430 73 110 224 209 199 125 98 244 226 202 Central bank liquidity swaps11 174 8 56 13 14 36 10 5 1 1 2 3 25 Foreign currency denominated assets12 23,874 1,086 7,680 1,795 1,898 4,978 1,372 659 201 101 251 399 3,454 Other assets13 25,663 554 15,342 742 560 1,590 1,417 1,041 367 225 356 823 2,647 Interdistrict settlement account 0 + 14,045- 14,700 + 2,627- 2,444+ 4,195+ 11,159- 25,874- 9,634- 3,153- 4,375- 1,203 + 29,356 Total assets 4,340,904 102,742 2,636,725 108,183 94,159 251,157 252,462 151,916 44,176 23,775 53,312 131,659 490,636 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 9. Statement of Condition of Each Federal Reserve Bank, June 11, 2014 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 1,455,319 45,398 507,498 43,366 63,904 105,608 213,213 93,228 36,605 21,397 37,734 116,394 170,975 Less: Notes held by F.R. Banks 219,258 4,735 70,199 6,116 9,502 11,489 22,371 15,333 4,849 5,414 6,172 32,293 30,785 Federal Reserve notes, net 1,236,061 40,663 437,299 37,250 54,402 94,119 190,841 77,896 31,755 15,983 31,561 84,101 140,190 Reverse repurchase agreements14 213,136 4,311 130,815 5,106 4,653 11,912 11,782 8,711 2,629 1,306 2,807 6,494 22,608 Deposits 2,827,218 54,986 2,046,564 61,318 30,388 132,855 45,527 63,414 9,132 6,037 18,200 39,866 318,932 Term deposits held by depository institutions 59,102 0 50,373 0 0 48 365 5,105 50 42 4 205 2,910 Other deposits held by depository institutions 2,709,242 54,978 1,937,533 61,283 30,384 132,667 45,153 58,300 9,082 5,995 18,194 39,659 316,015 U.S. Treasury, General Account 42,420 0 42,420 0 0 0 0 0 0 0 0 0 0 Foreign official 5,946 2 5,919 3 3 8 2 1 0 0 0 1 6 Other15 10,508 6 10,319 32 0 132 7 8 0 0 1 2 1 Deferred availability cash items 698 0 0 0 0 0 614 0 0 84 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury16 2,161 42 1,351 48 41 138 113 88 24 11 26 62 216 Other liabilities and accrued dividends17 5,319 182 2,311 235 236 606 370 280 141 120 132 207 500 Total liabilities 4,284,593 100,184 2,618,339 103,957 89,720 239,631 249,247 150,389 43,681 23,541 52,727 130,731 482,445 Capital Capital paid in 28,155 1,279 9,193 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095 Surplus 28,155 1,279 9,193 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,340,904 102,742 2,636,725 108,183 94,159 251,157 252,462 151,916 44,176 23,775 53,312 131,659 490,636 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 9. Statement of Condition of Each Federal Reserve Bank, June 11, 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).

H.4.1 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jun 11, 2014 Federal Reserve notes outstanding 1,455,319 Less: Notes held by F.R. Banks not subject to collateralization 219,258 Federal Reserve notes to be collateralized 1,236,061 Collateral held against Federal Reserve notes 1,236,061 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,219,824 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,077,886 Less: Face value of securities under reverse repurchase agreements 206,185 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,871,701 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.