FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 23, 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

May 22, 2013 May 15, 2013 May 23, 2012

Wednesday

May 22, 2013

Reserve Bank credit 3,336,659 + 33,400 + 521,963 3,356,392

Securities held outright1 3,109,517 + 40,408 + 493,650 3,127,992

U.S. Treasury securities 1,869,929 + 9,345 + 210,103 1,877,154

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,775,735 + 9,044 + 211,461 1,782,939

Notes and bonds, inflation-indexed2 81,646 + 196 + 13,992 81,646

Inflation compensation3 12,548 + 106 + 3,073 12,569

Federal agency debt securities2 72,053 0 - 21,330 72,053

Mortgage-backed securities4 1,167,535 + 31,063 + 304,877 1,178,785

Unamortized premiums on securities held outright5 200,232 + 2,201 + 69,868 201,100

Unamortized discounts on securities held outright5 -1,676 - 9 + 636 -1,694

Repurchase agreements6 0 0 0 0

Loans 438 + 16 - 5,715 389

Primary credit 23 + 17 + 10 16

Secondary credit 0 0 0 0

Seasonal credit 46 + 8 + 19 51

Term Asset-Backed Securities Loan Facility7 369 - 8 - 5,743 321

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,429 - 1 - 2,426 1,429

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 15,102 22

Net portfolio holdings of TALF LLC11 388 0 - 450 388

Float -719 + 3 - 41 -732

Central bank liquidity swaps12 7,277 + 1 - 19,148 7,277

Other Federal Reserve assets13 19,687 - 9,220 + 647 20,156

Foreign currency denominated assets14 22,971 - 230 - 2,400 22,917

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,066 + 14 + 599 45,066

Total factors supplying reserve funds 3,420,936 + 33,183 + 520,161 3,440,615

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

May 22, 2013 May 15, 2013 May 23, 2012

Wednesday

May 22, 2013

Currency in circulation15 1,185,803 + 1,161 + 82,333 1,188,173

Reverse repurchase agreements16 90,170 - 1,406 - 3,488 86,693

Foreign official and international accounts 90,170 - 1,406 - 3,488 86,693

Others 0 0 0 0

Treasury cash holdings 160 - 11 + 26 152

Deposits with F.R. Banks, other than reserve balances 118,052 - 9,910 + 1,470 126,058

Term deposits held by depository institutions 0 0 - 3,053 0

U.S. Treasury, General Account 33,233 - 56,766 - 56,850 25,206

Foreign official 10,949 + 544 + 10,820 10,959

Service-related 0 0 - 1,903 0

Required clearing balances 0 0 - 1,903 0

Adjustments to compensate for float 0 0 0 0

Other 73,870 + 46,313 + 52,457 89,893

Other liabilities and capital17 65,061 - 1,335 - 8,709 64,361

Total factors, other than reserve balances,

absorbing reserve funds 1,459,246 - 11,500 + 71,631 1,465,437

Reserve balances with Federal Reserve Banks 1,961,690 + 44,683 + 448,530 1,975,178

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

May 22, 2013 May 15, 2013 May 23, 2012

Wednesday

May 22, 2013

Securities held in custody for foreign official and international

accounts 3,311,706 + 12,687 + 198,179 3,312,218

Marketable U.S. Treasury securities1 2,963,352 + 15,287 + 250,901 2,967,035

Federal agency debt and mortgage-backed securities2 309,908 - 2,368 - 53,810 306,842

Other securities3 38,446 - 232 + 1,088 38,342

Securities lent to dealers 20,413 - 235 + 6,297 16,526

Overnight facility4 20,413 - 235 + 6,297 16,526

U.S. Treasury securities 19,419 - 329 + 5,914 15,557

Federal agency debt securities 995 + 96 + 384 969

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, May 22, 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 64 3 0 321 0 ... 389

U.S. Treasury securities2

Holdings 1 4 308 520,567 871,918 484,357 1,877,154

Weekly changes + 1 - 1 0 + 4,230 + 4,567 + 3,850 + 12,646

Federal agency debt securities3

Holdings 1,163 5,177 21,631 39,691 2,044 2,347 72,053

Weekly changes 0 + 808 - 808 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,748 1,176,036 1,178,785

Weekly changes 0 0 0 0 + 53 + 28,238 + 28,291

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 6,799 478 0 0 0 0 7,277

Reverse repurchase agreements6 86,693 0 ... ... ... ... 86,693

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 May 22, 2013

Mortgage-backed securities held outright1 1,178,785

Commitments to buy mortgage-backed securities2 69,122

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 15

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 May 22, 2013

Net portfolio holdings of Maiden Lane LLC1 1,429

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 May 22, 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 May 22, 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 May 22, 2013

Asset-backed securities holdings1 0

Other investments, net 388

Net portfolio holdings of TALF LLC 388

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

May 22, 2013 May 15, 2013 May 23, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,001 - 20 - 179

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,327,787 + 42,924 + 578,195

Securities held outright1 3,127,992 + 40,936 + 512,930

U.S. Treasury securities 1,877,154 + 12,646 + 220,330

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,782,939 + 12,590 + 221,715

Notes and bonds, inflation-indexed2 81,646 0 + 13,992

Inflation compensation3 12,569 + 56 + 3,046

Federal agency debt securities2 72,053 0 - 21,199

Mortgage-backed securities4 1,178,785 + 28,291 + 313,800

Unamortized premiums on securities held outright5 201,100 + 2,047 + 70,096

Unamortized discounts on securities held outright5 -1,694 - 22 + 614

Repurchase agreements6 0 0 0

Loans 389 - 37 - 5,445

Net portfolio holdings of Maiden Lane LLC7 1,429 0 - 2,442

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 45

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 15,130

Net portfolio holdings of TALF LLC10 388 0 - 453

Items in process of collection (0) 435 - 62 + 273

Bank premises 2,302 + 5 - 67

Central bank liquidity swaps11 7,277 + 1 - 19,148

Foreign currency denominated assets12 22,917 - 86 - 2,306

Other assets13 17,854 + 1,681 + 429

Total assets (0) 3,398,713 + 44,444 + 539,218

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

May 22, 2013 May 15, 2013 May 23, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,145,256 + 1,934 + 81,489

Reverse repurchase agreements14 86,693 - 2,692 - 6,882

Deposits (0) 2,101,236 + 44,864 + 472,688

Term deposits held by depository institutions 0 0 - 3,053

Other deposits held by depository institutions 1,975,178 + 22,881 + 449,027

U.S. Treasury, General Account 25,206 - 44,283 - 55,160

Foreign official 10,959 + 91 + 10,830

Other (0) 89,893 + 66,176 + 71,044

Deferred availability cash items (0) 1,167 - 78 + 314

Other liabilities and accrued dividends15 9,157 + 404 - 8,947

Total liabilities (0) 3,343,510 + 44,434 + 538,663

Capital accounts

Capital paid in 27,602 + 6 + 278

Surplus 27,602 + 6 + 278

Other capital accounts 0 0 0

Total capital 55,203 + 10 + 555

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, May 22, 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 2,001 39 95 126 136 350 187 298 27 50 161 190 342

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,327,787 87,013 1,845,502 96,409 84,978 206,900 221,038 179,820 53,547 31,587 62,967 129,213 328,813

Securities held outright1 3,127,992 81,794 1,734,600 90,631 79,886 194,501 207,788 169,026 50,330 29,682 59,178 121,468 309,108

U.S. Treasury securities 1,877,154 49,086 1,040,959 54,389 47,941 116,723 124,697 101,435 30,204 17,813 35,514 72,895 185,500

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

Notes and bonds3 1,877,154 49,086 1,040,959 54,389 47,941 116,723 124,697 101,435 30,204 17,813 35,514 72,895 185,500

Federal agency debt securities2 72,053 1,884 39,956 2,088 1,840 4,480 4,786 3,893 1,159 684 1,363 2,798 7,120

Mortgage-backed securities4 1,178,785 30,824 653,685 34,154 30,105 73,298 78,305 63,697 18,967 11,186 22,301 45,775 116,488

Unamortized premiums on securities 

held outright5 201,100 5,259 111,518 5,827 5,136 12,505 13,359 10,867 3,236 1,908 3,805 7,809 19,873

Unamortized discounts on securities 

held outright5 -1,694 -44 -939 -49 -43 -105 -113 -92 -27 -16 -32 -66 -167

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

Loans 389 5 323 0 0 0 3 19 9 12 16 2 0

Net portfolio holdings of Maiden

Lane LLC7 1,429 0 1,429 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 388 0 388 0 0 0 0 0 0 0 0 0 0

Items in process of collection 435 0 0 0 0 0 435 0 0 0 0 0 0

Bank premises 2,302 118 431 72 114 230 213 202 129 102 250 236 207

Central bank liquidity swaps11 7,277 358 2,326 563 568 1,528 415 208 61 30 74 115 1,032

Foreign currency denominated assets12 22,917 1,126 7,328 1,772 1,787 4,812 1,305 653 191 96 232 364 3,250

Other assets13 17,854 495 9,404 659 466 1,286 1,195 951 309 224 353 779 1,733

Interdistrict settlement account 0 - 27,264 + 220,296 - 16,020 - 11,234 - 25,922 - 31,112 - 32,388 - 9,076 - 10,282 - 18,594 - 31,449 - 6,953

Total assets 3,398,713 62,472 2,093,027 84,188 77,564 190,452 195,750 150,960 45,648 22,088 45,904 100,456 330,204

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, May 22, 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 1,426,323 46,466 543,647 46,337 60,601 107,796 173,512 94,938 36,614 23,356 38,701 99,009 155,346

Less: Notes held by F.R. Banks 281,067 12,212 87,533 6,000 9,033 11,400 31,680 16,028 3,831 9,462 12,595 49,532 31,760

Federal Reserve notes, net 1,145,256 34,254 456,114 40,337 51,568 96,395 141,832 78,910 32,782 13,894 26,106 49,478 123,585

Reverse repurchase agreements14 86,693 2,267 48,075 2,512 2,214 5,391 5,759 4,685 1,395 823 1,640 3,367 8,567

Deposits 2,101,236 23,073 1,566,742 36,731 19,123 76,227 43,315 65,332 10,795 6,829 17,393 46,319 189,355

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 1,975,178 23,069 1,440,946 36,692 19,120 76,078 43,305 65,297 10,795 6,829 17,391 46,316 189,341

U.S. Treasury, General Account 25,206 0 25,206 0 0 0 0 0 0 0 0 0 0

Foreign official 10,959 2 10,931 3 3 8 2 1 0 0 0 1 6

Other 89,893 2 89,659 36 0 140 8 34 0 0 1 3 9

Deferred availability cash items 1,167 0 0 0 0 0 1,029 0 0 138 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,576 38 949 22 21 46 113 94 29 13 30 65 157

Other liabilities and accrued

dividends16 7,582 244 3,621 296 291 729 525 427 183 157 171 310 629

Total liabilities 3,343,510 59,875 2,075,501 79,899 73,218 178,787 192,573 149,447 45,185 21,854 45,341 99,539 322,293

Capital

Capital paid in 27,602 1,298 8,763 2,145 2,173 5,833 1,589 756 232 117 282 459 3,956

Surplus 27,602 1,298 8,763 2,145 2,173 5,833 1,589 756 232 117 282 459 3,956

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

Total liabilities and capital 3,398,713 62,472 2,093,027 84,188 77,564 190,452 195,750 150,960 45,648 22,088 45,904 100,456 330,204

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, May 22, 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 May 22, 2013

Federal Reserve notes outstanding 1,426,323

Less: Notes held by F.R. Banks not subject to collateralization 281,067

Federal Reserve notes to be collateralized 1,145,256

Collateral held against Federal Reserve notes 1,145,256

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,129,019

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,127,992

Less: Face value of securities under reverse repurchase agreements 75,482

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,052,511

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.