FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 20, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 19, 2013 Jun 12, 2013 Jun 20, 2012

Wednesday

Jun 19, 2013

Reserve Bank credit 3,418,376 + 54,376 + 596,316 3,427,133

Securities held outright1 3,190,071 + 50,890 + 568,899 3,198,344

U.S. Treasury securities 1,912,215 + 8,919 + 246,524 1,918,706

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,816,568 + 7,931 + 246,104 1,823,067

Notes and bonds, inflation-indexed2 83,026 + 986 + 15,880 83,026

Inflation compensation3 12,621 + 2 + 2,963 12,612

Federal agency debt securities2 70,691 - 199 - 21,495 70,658

Mortgage-backed securities4 1,207,165 + 42,170 + 343,870 1,208,981

Unamortized premiums on securities held outright5 202,931 + 2,023 + 66,271 203,318

Unamortized discounts on securities held outright5 -2,095 - 122 + 114 -2,123

Repurchase agreements6 0 0 0 0

Loans 358 + 22 - 4,983 364

Primary credit 25 + 10 - 1 27

Secondary credit 0 0 0 0

Seasonal credit 63 + 13 - 1 68

Term Asset-Backed Securities Loan Facility7 269 - 2 - 4,982 269

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,424 0 - 1,286 1,419

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 45 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 11,991 22

Net portfolio holdings of TALF LLC11 281 0 - 560 281

Float -746 + 47 - 22 -766

Central bank liquidity swaps12 1,772 + 1 - 22,443 1,772

Other Federal Reserve assets13 24,294 + 1,515 + 2,271 24,439

Foreign currency denominated assets14 24,293 + 355 - 1,074 24,292

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding15 45,125 + 14 + 625 45,125

Total factors supplying reserve funds 3,504,035 + 54,745 + 595,867 3,512,791

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

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 19, 2013 Jun 12, 2013 Jun 20, 2012

Wednesday

Jun 19, 2013

Currency in circulation15 1,188,506 - 555 + 80,365 1,189,904

Reverse repurchase agreements16 91,132 + 586 + 7,290 88,367

Foreign official and international accounts 91,132 + 586 + 7,290 88,367

Others 0 0 0 0

Treasury cash holdings 125 - 11 - 9 116

Deposits with F.R. Banks, other than reserve balances 164,363 + 89,901 + 19,105 241,893

Term deposits held by depository institutions 10,496 0 + 10,496 10,496

U.S. Treasury, General Account 79,129 + 36,073 - 35,617 117,287

Foreign official 9,675 - 185 + 8,101 10,090

Service-related 0 0 - 1,897 0

Required clearing balances 0 0 - 1,897 0

Adjustments to compensate for float 0 0 0 0

Other 65,063 + 54,012 + 38,021 104,020

Other liabilities and capital17 65,592 + 1,554 - 8,691 64,114

Total factors, other than reserve balances,

absorbing reserve funds 1,509,719 + 91,476 + 98,060 1,584,395

Reserve balances with Federal Reserve Banks 1,994,315 - 36,732 + 497,806 1,928,396

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. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

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

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

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

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

12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

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

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jun 19, 2013 Jun 12, 2013 Jun 20, 2012

Wednesday

Jun 19, 2013

Securities held in custody for foreign official and international

accounts 3,302,402 - 11,948 + 181,852 3,303,879

Marketable U.S. Treasury securities1 2,963,756 - 9,879 + 234,924 2,966,372

Federal agency debt and mortgage-backed securities2 300,391 - 2,206 - 53,851 299,164

Other securities3 38,256 + 138 + 780 38,343

Securities lent to dealers 14,589 - 3,553 + 3,342 18,121

Overnight facility4 14,589 - 3,553 + 3,342 18,121

U.S. Treasury securities 13,630 - 3,538 + 3,048 17,227

Federal agency debt securities 959 - 14 + 294 894

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

underlying mortgages.

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 19, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 88 7 0 269 0 ... 364

U.S. Treasury securities2

Holdings 1 3 343 547,248 872,792 498,318 1,918,706

Weekly changes 0 - 1 0 + 2,771 + 6,029 + 3,828 + 12,627

Federal agency debt securities3

Holdings 1,478 5,528 19,993 41,250 62 2,347 70,658

Weekly changes + 1,246 - 914 - 141 - 423 0 0 - 232

Mortgage-backed securities4

Holdings 0 0 0 1 2,686 1,206,293 1,208,981

Weekly changes 0 0 0 0 - 15 + 43,988 + 43,973

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 452 1,320 0 0 0 0 1,772

Reverse repurchase agreements6 88,367 0 ... ... ... ... 88,367

Term deposits 10,496 0 0 ... ... ... 10,496

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. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

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 19, 2013

Mortgage-backed securities held outright1 1,208,981

Commitments to buy mortgage-backed securities2 75,572

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 190

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

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 19, 2013

Net portfolio holdings of Maiden Lane LLC1 1,419

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, 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

Wednesday Account name Jun 19, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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, 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Jun 19, 2013

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, 2013. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on

which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the

purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds

of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to

the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Jun 19, 2013

Asset-backed securities holdings1 0

Other investments, net 281

Net portfolio holdings of TALF LLC 281

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) extends loans with a term of up to

five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and

businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. 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. The

loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value

of the security.

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. Losses on asset-backed securities held by TALF LLC will be offset in the

following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. 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

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 19, 2013 Jun 12, 2013 Jun 20, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,985 + 6 - 151

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,399,902 + 58,682 + 635,260

Securities held outright1 3,198,344 + 56,368 + 575,245

U.S. Treasury securities 1,918,706 + 12,627 + 255,129

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,823,067 + 12,650 + 255,608

Notes and bonds, inflation-indexed2 83,026 0 + 15,111

Inflation compensation3 12,612 - 24 + 2,832

Federal agency debt securities2 70,658 - 232 - 20,826

Mortgage-backed securities4 1,208,981 + 43,973 + 340,943

Unamortized premiums on securities held outright5 203,318 + 2,393 + 65,005

Unamortized discounts on securities held outright5 -2,123 - 61 + 70

Repurchase agreements6 0 0 0

Loans 364 - 16 - 5,059

Net portfolio holdings of Maiden Lane LLC7 1,419 - 6 - 1,064

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 46

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 12,233

Net portfolio holdings of TALF LLC10 281 0 - 560

Items in process of collection (0) 115 + 23 - 104

Bank premises 2,299 0 - 64

Central bank liquidity swaps11 1,772 + 1 - 22,443

Foreign currency denominated assets12 24,292 + 70 - 1,056

Other assets13 22,142 + 911 + 2,052

Total assets (0) 3,470,530 + 59,688 + 599,684

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

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 19, 2013 Jun 12, 2013 Jun 20, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,146,877 + 279 + 80,119

Reverse repurchase agreements14 88,367 + 2,090 + 4,259

Deposits (0) 2,170,291 + 56,681 + 524,658

Term deposits held by depository institutions 10,496 0 + 10,496

Other deposits held by depository institutions 1,928,398 - 112,329 + 466,678

U.S. Treasury, General Account 117,287 + 78,003 - 22,593

Foreign official 10,090 + 379 + 8,515

Other (0) 104,020 + 90,629 + 61,561

Deferred availability cash items (0) 881 - 93 0

Other liabilities and accrued dividends15 9,138 + 724 - 9,659

Total liabilities (0) 3,415,554 + 59,682 + 599,376

Capital accounts

Capital paid in 27,488 + 3 + 154

Surplus 27,488 + 3 + 154

Other capital accounts 0 0 0

Total capital 54,976 + 7 + 307

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. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

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

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

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

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

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

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12. Revalued daily at current foreign currency exchange rates.

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

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

15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, June 19, 2013

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 1,985 36 87 122 134 350 187 293 29 51 160 191 346

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,399,902 88,896 1,885,453 98,499 86,821 211,386 225,832 183,718 54,707 32,282 64,350 132,015 335,942

Securities held outright1 3,198,344 83,634 1,773,613 92,670 81,682 198,876 212,462 172,827 51,462 30,350 60,509 124,200 316,060

U.S. Treasury securities 1,918,706 50,172 1,064,001 55,593 49,002 119,307 127,457 103,680 30,873 18,207 36,300 74,508 189,606

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 1,918,706 50,172 1,064,001 55,593 49,002 119,307 127,457 103,680 30,873 18,207 36,300 74,508 189,606

Federal agency debt securities2 70,658 1,848 39,183 2,047 1,805 4,394 4,694 3,818 1,137 670 1,337 2,744 6,982

Mortgage-backed securities4 1,208,981 31,614 670,429 35,029 30,876 75,175 80,311 65,329 19,453 11,472 22,873 46,948 119,471

Unamortized premiums on securities 

held outright5 203,318 5,317 112,748 5,891 5,193 12,642 13,506 10,987 3,271 1,929 3,847 7,895 20,092

Unamortized discounts on securities 

held outright5 -2,123 -56 -1,178 -62 -54 -132 -141 -115 -34 -20 -40 -82 -210

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 364 2 270 0 0 0 5 19 8 23 35 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,419 0 1,419 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 64 0 64 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 281 0 281 0 0 0 0 0 0 0 0 0 0

Items in process of collection 115 0 0 0 0 0 115 0 0 0 0 0 0

Bank premises 2,299 120 429 72 113 230 213 201 129 101 250 235 206

Central bank liquidity swaps11 1,772 87 566 137 138 372 101 51 15 7 18 28 251

Foreign currency denominated assets12 24,292 1,194 7,768 1,879 1,895 5,101 1,384 693 202 102 246 385 3,445

Other assets13 22,142 612 11,862 653 580 1,561 1,487 1,189 389 270 439 930 2,168

Interdistrict settlement account 0 - 25,629 + 286,263 - 24,105 - 19,409 - 29,493 - 35,608 - 48,297 - 12,688 - 13,166 - 22,221 - 38,033 - 17,614

Total assets 3,470,530 65,903 2,199,958 77,864 71,020 190,774 195,785 139,063 43,243 19,928 43,703 96,761 326,526

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 19, 2013 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,450,230 46,669 552,916 45,951 60,273 109,164 179,371 94,611 36,680 23,378 38,634 103,871 158,711

Less: Notes held by F.R. Banks 303,353 12,906 93,007 7,713 9,394 12,734 33,711 18,717 4,271 10,566 12,904 53,576 33,854

Federal Reserve notes, net 1,146,877 33,763 459,909 38,237 50,879 96,430 145,660 75,894 32,409 12,813 25,731 50,295 124,857

Reverse repurchase agreements14 88,367 2,311 49,003 2,560 2,257 5,495 5,870 4,775 1,422 839 1,672 3,431 8,732

Deposits 2,170,291 26,998 1,668,091 32,563 13,251 76,600 39,852 56,497 8,776 5,749 15,583 41,831 184,501

Term deposits held by depository

institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250

Other deposits held by depository

institutions 1,928,398 26,899 1,430,018 31,676 13,248 76,458 39,136 56,204 8,776 5,654 15,371 41,724 183,235

U.S. Treasury, General Account 117,287 0 117,287 0 0 0 0 0 0 0 0 0 0

Foreign official 10,090 2 10,063 3 3 8 2 1 0 0 0 1 6

Other 104,020 2 103,831 34 0 93 9 37 0 0 1 2 10

Deferred availability cash items 881 0 0 0 0 0 732 0 0 149 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,499 39 842 37 42 98 100 76 22 13 24 53 153

Other liabilities and accrued

dividends16 7,640 196 4,566 241 246 621 387 310 149 132 130 229 432

Total liabilities 3,415,554 63,306 2,182,411 73,639 66,674 179,244 192,601 137,551 42,779 19,694 43,140 95,840 318,675

Capital

Capital paid in 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,925

Surplus 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,925

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,470,530 65,903 2,199,958 77,864 71,020 190,774 195,785 139,063 43,243 19,928 43,703 96,761 326,526

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 19, 2013 (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. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

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

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

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

10. Refer to table 7 and the note on consolidation below.

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

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Revalued daily at current foreign currency exchange rates.

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

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

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jun 19, 2013

Federal Reserve notes outstanding 1,450,230

Less: Notes held by F.R. Banks not subject to collateralization 303,353

Federal Reserve notes to be collateralized 1,146,877

Collateral held against Federal Reserve notes 1,146,877

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,130,640

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,198,344

Less: Face value of securities under reverse repurchase agreements 78,091

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,120,253

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.