FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 29, 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

Aug 28, 2013 Aug 21, 2013 Aug 29, 2012

Wednesday

Aug 28, 2013

Reserve Bank credit 3,601,664 + 11,959 + 825,239 3,601,523

Securities held outright1 3,379,920 + 11,377 + 801,735 3,380,664

U.S. Treasury securities 2,016,030 + 8,198 + 377,695 2,023,610

Bills2 0 0 0 0

Notes and bonds, nominal2 1,917,050 + 8,145 + 359,124 1,924,609

Notes and bonds, inflation-indexed2 85,819 0 + 15,384 85,819

Inflation compensation3 13,161 + 53 + 3,186 13,181

Federal agency debt securities2 65,713 0 - 21,497 65,713

Mortgage-backed securities4 1,298,177 + 3,179 + 445,537 1,291,341

Unamortized premiums on securities held outright5 203,771 - 56 + 54,532 203,509

Unamortized discounts on securities held outright5 -4,585 - 439 - 2,707 -4,899

Repurchase agreements6 0 0 0 0

Loans 277 - 67 - 2,319 285

Primary credit 21 - 1 - 11 29

Secondary credit 0 0 0 0

Seasonal credit 154 + 5 + 7 155

Term Asset-Backed Securities Loan Facility7 102 - 71 - 2,315 102

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,491 + 4 - 383 1,491

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 3 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1,537 22

Net portfolio holdings of TALF LLC11 195 0 - 656 195

Float -603 + 57 - 2 -637

Central bank liquidity swaps12 321 + 4 - 25,362 321

Other Federal Reserve assets13 20,791 + 1,078 + 1,936 20,508

Foreign currency denominated assets14 23,975 - 22 - 1,361 23,982

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,259 + 14 + 672 45,259

Total factors supplying reserve funds 3,687,139 + 11,951 + 824,550 3,687,005

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

Aug 28, 2013 Aug 21, 2013 Aug 29, 2012

Wednesday

Aug 28, 2013

Currency in circulation15 1,199,946 + 1,552 + 80,884 1,203,640

Reverse repurchase agreements16 91,726 - 7,306 - 1,092 90,524

Foreign official and international accounts 91,726 - 5,877 - 1,092 90,524

Others 0 - 1,429 0 0

Treasury cash holdings 145 - 6 + 19 140

Deposits with F.R. Banks, other than reserve balances 109,293 - 10,767 + 26,236 64,788

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 37,298 - 13,876 + 12,104 25,064

Foreign official 10,384 - 3 + 5,294 10,382

Other 61,610 + 3,111 + 8,838 29,343

Other liabilities and capital17 63,548 - 333 - 1,662 63,337

Total factors, other than reserve balances,

absorbing reserve funds 1,464,658 - 16,859 + 104,386 1,422,430

Reserve balances with Federal Reserve Banks 2,222,481 + 28,810 + 720,164 2,264,575

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

Aug 28, 2013 Aug 21, 2013 Aug 29, 2012

Wednesday

Aug 28, 2013

Securities held in custody for foreign official and international

accounts 3,283,342 - 104 + 123,035 3,274,905

Marketable U.S. Treasury securities1 2,929,385 - 6,328 + 142,547 2,921,850

Federal agency debt and mortgage-backed securities2 316,344 + 6,153 - 18,699 315,435

Other securities3 37,613 + 71 - 812 37,619

Securities lent to dealers 13,406 + 470 + 7,206 13,841

Overnight facility4 13,406 + 470 + 7,206 13,841

U.S. Treasury securities 12,547 + 403 + 6,973 13,103

Federal agency debt securities 859 + 67 + 233 738

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, August 28, 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 163 20 29 73 0 ... 285

U.S. Treasury securities2

Holdings 1 4 382 627,563 875,158 520,501 2,023,610

Weekly changes 0 0 0 + 5,187 + 3,224 + 3,029 + 11,441

Federal agency debt securities3

Holdings 1,497 5,844 16,810 39,153 62 2,347 65,713

Weekly changes + 1,497 - 1,497 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,598 1,288,741 1,291,341

Weekly changes 0 0 0 - 1 - 46 - 11,802 - 11,848

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 163 158 0 0 0 0 321

Reverse repurchase agreements6 90,524 0 ... ... ... ... 90,524

Term deposits 0 0 0 ... ... ... 0

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

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. 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 Aug 28, 2013

Mortgage-backed securities held outright1 1,291,341

Commitments to buy mortgage-backed securities2 82,218

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 39

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 Aug 28, 2013

Net portfolio holdings of Maiden Lane LLC1 1,491

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 June 30, 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 Aug 28, 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 June 30, 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 Aug 28, 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 June 30, 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 Aug 28, 2013

Asset-backed securities holdings1 0

Other investments, net 195

Net portfolio holdings of TALF LLC 195

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

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Aug 28, 2013 Aug 21, 2013 Aug 29, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,992 - 5 - 158

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,579,559 - 1,521 + 859,113

Securities held outright1 3,380,664 - 406 + 810,444

U.S. Treasury securities 2,023,610 + 11,441 + 384,197

Bills2 0 0 0

Notes and bonds, nominal2 1,924,609 + 11,387 + 365,595

Notes and bonds, inflation-indexed2 85,819 0 + 15,384

Inflation compensation3 13,181 + 53 + 3,216

Federal agency debt securities2 65,713 0 - 21,497

Mortgage-backed securities4 1,291,341 - 11,848 + 447,744

Unamortized premiums on securities held outright5 203,509 - 591 + 53,871

Unamortized discounts on securities held outright5 -4,899 - 531 - 3,067

Repurchase agreements6 0 0 0

Loans 285 + 7 - 2,135

Net portfolio holdings of Maiden Lane LLC7 1,491 0 - 417

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 3

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 1,563

Net portfolio holdings of TALF LLC10 195 0 - 656

Items in process of collection (0) 86 - 22 + 23

Bank premises 2,291 + 1 - 66

Central bank liquidity swaps11 321 + 4 - 25,362

Foreign currency denominated assets12 23,982 - 43 - 1,334

Other assets13 18,217 + 376 + 2,068

Total assets (0) 3,644,456 - 1,212 + 831,650

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

Aug 28, 2013 Aug 21, 2013 Aug 29, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,160,510 + 4,133 + 79,341

Reverse repurchase agreements14 90,524 - 5,818 - 2,127

Deposits (0) 2,329,363 + 251 + 755,454

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,264,575 + 64,383 + 733,388

U.S. Treasury, General Account 25,064 - 16,463 + 43

Foreign official 10,382 + 6 + 5,298

Other (0) 29,343 - 47,675 + 16,727

Deferred availability cash items (0) 722 - 54 - 110

Other liabilities and accrued dividends15 8,384 + 410 - 1,192

Total liabilities (0) 3,589,503 - 1,078 + 831,366

Capital accounts

Capital paid in 27,477 - 67 + 143

Surplus 27,477 - 67 + 143

Other capital accounts 0 0 0

Total capital 54,953 - 134 + 284

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, August 28, 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 1,992 35 87 126 137 344 197 289 29 48 161 193 347

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,579,559 93,594 1,984,959 103,715 91,411 222,563 237,799 193,434 57,624 34,014 67,736 139,000 353,711

Securities held outright1 3,380,664 88,401 1,874,716 97,952 86,339 210,212 224,573 182,679 54,396 32,080 63,958 131,279 334,077

U.S. Treasury securities 2,023,610 52,915 1,122,174 58,633 51,681 125,830 134,426 109,349 32,560 19,202 38,284 78,582 199,973

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

Notes and bonds3 2,023,610 52,915 1,122,174 58,633 51,681 125,830 134,426 109,349 32,560 19,202 38,284 78,582 199,973

Federal agency debt securities2 65,713 1,718 36,441 1,904 1,678 4,086 4,365 3,551 1,057 624 1,243 2,552 6,494

Mortgage-backed securities4 1,291,341 33,767 716,102 37,416 32,980 80,297 85,782 69,780 20,778 12,254 24,431 50,146 127,610

Unamortized premiums on securities 

held outright5 203,509 5,322 112,854 5,897 5,197 12,654 13,519 10,997 3,275 1,931 3,850 7,903 20,111

Unamortized discounts on securities 

held outright5 -4,899 -128 -2,716 -142 -125 -305 -325 -265 -79 -46 -93 -190 -484

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

Loans 285 0 104 8 0 0 33 22 32 50 20 8 8

Net portfolio holdings of Maiden

Lane LLC7 1,491 0 1,491 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 195 0 195 0 0 0 0 0 0 0 0 0 0

Items in process of collection 86 0 0 0 0 0 85 0 0 0 0 0 0

Bank premises 2,291 119 428 72 112 228 213 202 128 101 249 234 205

Central bank liquidity swaps11 321 16 103 25 25 67 18 9 3 1 3 5 46

Foreign currency denominated assets12 23,982 1,179 7,668 1,855 1,870 5,036 1,366 684 200 100 243 380 3,401

Other assets13 18,217 506 9,667 563 472 1,309 1,224 976 316 230 363 817 1,774

Interdistrict settlement account 0 - 28,989 + 279,058 - 27,898 - 21,114 - 19,284 - 44,243 - 54,670 - 15,568 - 14,406 - 23,461 - 33,597 + 4,171

Total assets 3,644,456 67,048 2,289,483 79,064 73,663 211,532 198,735 142,139 43,192 20,369 45,756 108,042 365,435

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, August 28, 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 1,492,373 47,262 551,321 45,389 62,154 112,878 183,689 96,625 37,528 23,587 39,613 120,844 171,482

Less: Notes held by F.R. Banks 331,863 13,002 94,831 9,091 10,015 15,141 35,666 23,510 5,003 11,072 13,582 61,282 39,668

Federal Reserve notes, net 1,160,510 34,260 456,491 36,298 52,138 97,738 148,023 73,115 32,526 12,515 26,031 59,562 131,814

Reverse repurchase agreements14 90,524 2,367 50,199 2,623 2,312 5,629 6,013 4,892 1,457 859 1,713 3,515 8,946

Deposits 2,329,363 27,594 1,760,669 35,676 14,601 96,022 40,380 62,204 8,569 6,486 17,282 43,739 216,142

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,264,575 27,590 1,696,282 35,642 14,597 95,724 40,368 62,175 8,569 6,486 17,280 43,736 216,127

U.S. Treasury, General Account 25,064 0 25,064 0 0 0 0 0 0 0 0 0 0

Foreign official 10,382 2 10,354 3 3 8 2 1 0 0 0 1 6

Other 29,343 2 28,969 32 0 289 10 28 0 0 1 2 10

Deferred availability cash items 722 0 0 0 0 0 598 0 0 124 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,391 36 728 43 32 119 100 77 23 14 27 56 139

Other liabilities and accrued

dividends16 6,993 192 3,857 245 227 593 420 338 154 139 142 249 437

Total liabilities 3,589,503 64,449 2,271,944 74,886 69,310 200,100 195,534 140,626 42,727 20,136 45,194 107,121 357,477

Capital

Capital paid in 27,477 1,299 8,770 2,089 2,176 5,716 1,601 757 232 117 281 461 3,979

Surplus 27,477 1,299 8,770 2,089 2,176 5,716 1,601 757 232 117 281 461 3,979

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

Total liabilities and capital 3,644,456 67,048 2,289,483 79,064 73,663 211,532 198,735 142,139 43,192 20,369 45,756 108,042 365,435

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, August 28, 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 Aug 28, 2013

Federal Reserve notes outstanding 1,492,373

Less: Notes held by F.R. Banks not subject to collateralization 331,863

Federal Reserve notes to be collateralized 1,160,510

Collateral held against Federal Reserve notes 1,160,510

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,144,273

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,380,664

Less: Face value of securities under reverse repurchase agreements 82,462

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,298,201

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.