FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     July 5, 2013


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 3, 2013 
Federal Reserve Banks                                      Jul 3, 2013 Jun 26, 2013  Jul 4, 2012              

Reserve Bank credit                                         3,444,898   +    2,037   +  626,827    3,450,126  
  Securities held outright (1)                              3,215,134   +    2,036   +  604,985    3,219,993  
    U.S. Treasury securities                                1,937,609   +   14,343   +  273,957    1,942,678  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,842,000   +   14,358   +  274,538    1,847,054  
      Notes and bonds, inflation-indexed (2)                   83,026            0   +   15,111       83,026  
      Inflation compensation (3)                               12,583   -       15   +    2,731       12,598  
    Federal agency debt securities (2)                         69,391   -    1,267   -   22,093       69,180  
    Mortgage-backed securities (4)                          1,208,134   -   11,040   +  353,121    1,208,136  
  Unamortized premiums on securities held outright (5)        203,754   -      308   +   64,720      203,877  
  Unamortized discounts on securities held outright (5)        -2,399   -      188   -      266       -2,415  
  Repurchase agreements (6)                                        87            0   +       87            0  
  Loans                                                           385   +       18   -    4,257          364  
    Primary credit                                                 36   +       12   +       20           15  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                91   +       11   +       21           91  
    Term Asset-Backed Securities Loan Facility (7)                258   -        6   -    4,298          258  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,418   -        1   -      999        1,414  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +       46           64  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -   12,867           22  
  Net portfolio holdings of TALF LLC (11)                         281            0   -      564          281  
  Float                                                          -806   -      171   +       61         -900  
  Central bank liquidity swaps (12)                             1,679   +      199   -   26,290        1,679  
  Other Federal Reserve assets (13)                            25,281   +      455   +    2,173       25,747  
Foreign currency denominated assets (14)                       23,481   -      244   -    1,763       23,414  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,153   +       14   +      636       45,153  
                                                                                                              
Total factors supplying reserve funds                       3,529,773   +    1,807   +  625,700    3,534,933  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Jul 3, 2013 
Federal Reserve Banks                                      Jul 3, 2013 Jun 26, 2013  Jul 4, 2012              

Currency in circulation (15)                                 1,196,138   +    5,597   +   82,216    1,202,128 
Reverse repurchase agreements (16)                              93,496   +    4,917   +    7,166       91,871 
  Foreign official and international accounts                   93,496   +    4,917   +    7,166       91,871 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             122   +        5   +        5          127 
Deposits with F.R. Banks, other than reserve balances          154,751   -   49,473   +   24,159      126,327 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               118,745   +   21,533   +   17,916      106,048 
  Foreign official                                              10,050   +       17   +    8,466       10,030 
  Service-related                                                    0            0   -    1,892            0 
    Required clearing balances                                       0            0   -    1,892            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         25,956   -   71,023   -      331       10,249 
Other liabilities and capital (17)                              61,930   -      820   -   11,026       62,497 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,506,437   -   39,775   +  102,520    1,482,950 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,023,336   +   41,582   +  523,180    2,051,984 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended   Jul 3, 2013 
                                                           Jul 3, 2013 Jun 26, 2013  Jul 4, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,285,148   -    5,249   +  166,072    3,281,945 
  Marketable U.S. Treasury securities (1)                    2,945,967   -    2,519   +  204,783    2,942,680 
  Federal agency debt and mortgage-backed securities (2)       300,685   -    2,834   -   39,720      300,674 
  Other securities (3)                                          38,496   +      105   +    1,009       38,591 
Securities lent to dealers                                      17,716   -    2,288   +    3,439       12,423 
  Overnight facility (4)                                        17,716   -    2,288   +    3,439       12,423 
    U.S. Treasury securities                                    16,625   -    2,545   +    3,020       11,485 
    Federal agency debt securities                               1,091   +      257   +      419          938 

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, July 3, 2013        

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       32            74             0           258             0           ...           364 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1             4           342       567,212       870,969       504,149     1,942,678 
  Weekly changes                                 0    +        1    -        1    +   19,967    -    8,633    +    2,928    +   14,262 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   2,659         5,869        16,993        41,250            62         2,347        69,180 
  Weekly changes                        +    1,181    +      341    -    3,000             0             0             0    -    1,478 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             1         2,635     1,205,499     1,208,136 
  Weekly changes                                 0             0             0             0    +       10    +       10    +       20 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)               227         1,452             0             0             0             0         1,679 
                                                                                                                                       
Reverse repurchase agreements (6)           91,871             0           ...           ...           ...           ...        91,871 
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 3, 2013  

Mortgage-backed securities held outright (1)                                                                             1,208,136  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           93,482  
Commitments to sell mortgage-backed securities (2)                                                                             200  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   49  



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
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 3, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,414  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of 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
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 3, 2013  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                64  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of 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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 3, 2013  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to 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
Account name                                                                                                            Wednesday   
                                                                                                                       Jul 3, 2013  

Asset-backed securities holdings (1)                                                                                             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 York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                            0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) 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.                                                                  




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 3, 2013   Wednesday    Wednesday  
                                                        consolidation                Jun 26, 2013  Jul 4, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,962   -       18   -      143  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,421,819   +   12,782   +  667,062  
    Securities held outright (1)                                          3,219,993   +   12,804   +  607,104  
      U.S. Treasury securities                                            1,942,678   +   14,262   +  276,303  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,847,054   +   14,254   +  276,864  
        Notes and bonds, inflation-indexed (2)                               83,026            0   +   15,111  
        Inflation compensation (3)                                           12,598   +        9   +    2,751  
      Federal agency debt securities (2)                                     69,180   -    1,478   -   22,304  
      Mortgage-backed securities (4)                                      1,208,136   +       20   +  353,106  
    Unamortized premiums on securities held outright  
    (5)                                                                     203,877   +       94   +   64,464  
    Unamortized discounts on securities held outright 
    (5)                                                                      -2,415   -       95   -      288  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       364   -       20   -    4,218  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,414   -        4   -    1,003  
  Net portfolio holdings of Maiden Lane II LLC (8)                               64            0   +       46  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0   -   12,924  
  Net portfolio holdings of TALF LLC (10)                                       281            0   -      564  
  Items in process of collection                                   (0)          104   -        4   -      164  
  Bank premises                                                               2,291   -        8   -       66  
  Central bank liquidity swaps (11)                                           1,679   +      199   -   26,290  
  Foreign currency denominated assets (12)                                   23,414   -      228   -    1,818  
  Other assets (13)                                                          23,456   +    1,351   +    2,749  
                                                                                                               
Total assets                                                       (0)    3,492,742   +   14,070   +  626,884  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Jul 3, 2013   Wednesday    Wednesday  
                                                        consolidation                Jun 26, 2013  Jul 4, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,159,060   +    8,725   +   83,148 
  Reverse repurchase agreements (14)                                          91,871   +    3,178   +    3,908 
  Deposits                                                          (0)    2,178,311   +      757   +  551,416 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,051,984   +   34,255   +  544,035 
    U.S. Treasury, General Account                                           106,048   +   11,777   +    8,540 
    Foreign official                                                          10,030   +       16   +    8,442 
    Other                                                           (0)       10,249   -   45,291   -    9,600 
  Deferred availability cash items                                  (0)        1,004   +      132   -      420 
  Other liabilities and accrued dividends (15)                                 7,512   +    1,270   -   11,480 
                                                                                                               
Total liabilities                                                   (0)    3,437,758   +   14,062   +  626,572 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,492   +        4   +      156 
  Surplus                                                                     27,492   +        4   +      156 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 54,985   +        8   +      313 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, July 3, 2013
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         391       3,925          397         512         856       1,421         792         310         190         309         728       1,206
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,962          32          84          120         133         344         185         289          29          49         159         192         344
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,421,819      89,468   1,897,595       99,136      87,380     212,749     227,298     184,911      55,068      32,491      64,746     132,868     338,108
    Securities held outright (1)               3,219,993      84,200   1,785,618       93,297      82,235     200,222     213,900     173,997      51,811      30,555      60,919     125,040     318,200
      U.S. Treasury securities                 1,942,678      50,799   1,077,294       56,288      49,614     120,797     129,050     104,975      31,258      18,434      36,753      75,439     191,975
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,942,678      50,799   1,077,294       56,288      49,614     120,797     129,050     104,975      31,258      18,434      36,753      75,439     191,975
      Federal agency debt securities (2)          69,180       1,809      38,363        2,004       1,767       4,302       4,596       3,738       1,113         656       1,309       2,686       6,836
      Mortgage-backed securities (4)           1,208,136      31,592     669,961       35,005      30,855      75,123      80,255      65,283      19,439      11,464      22,857      46,915     119,388
    Unamortized premiums on securities held 
      outright (5)                               203,877       5,331     113,058        5,907       5,207      12,677      13,543      11,017       3,280       1,935       3,857       7,917      20,147
    Unamortized discounts on securities     
      held outright (5)                           -2,415         -63      -1,339          -70         -62        -150        -160        -131         -39         -23         -46         -94        -239
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            364           0         258            2           0           0          15          28          16          24          16           5           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,414           0       1,414            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  64           0          64            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            281           0         281            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     104           0           0            0           0           0         102           0           0           2           0           0           0
  Bank premises                                    2,291         120         427           72         113         229         212         200         128         101         250         234         206
  Central bank liquidity swaps (11)                1,679          82         537          130         131         353          96          48          14           7          17          27         238
  Foreign currency denominated assets (12)        23,414       1,151       7,487        1,811       1,826       4,916       1,334         668         195          98         237         371       3,320
  Other assets (13)                               23,456         647      12,598          688         616       1,646       1,587       1,268         419         287         466         937       2,298
  Interdistrict settlement account                     0  -   19,361  +  246,110   -   24,227  -   17,671  -   31,192  -   34,037  -   45,037  -   11,643  -   12,947  -   20,618  -   35,838  +    6,461
                                                                                                                                                                                                         
Total assets                                   3,492,742      72,725   2,172,362       78,337      73,277     190,313     198,851     143,563      44,670      20,367      45,720      99,802     352,756

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, July 3, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,461,218      46,697     553,379      46,001      60,648     110,069     180,981      95,189      36,800      23,461      38,964     107,118     161,911
    Less: Notes held by F.R. Banks               302,158      12,561      92,109       7,323       8,623      12,245      33,898      18,838       4,071      10,586      12,778      56,195      32,930
      Federal Reserve notes, net               1,159,060      34,136     461,270      38,678      52,026      97,825     147,083      76,351      32,728      12,875      26,185      50,923     128,980
  Reverse repurchase agreements (14)              91,871       2,402      50,946       2,662       2,346       5,713       6,103       4,964       1,478         872       1,738       3,568       9,079
  Deposits                                     2,178,311      33,411   1,638,050      32,572      14,363      74,758      41,178      60,381       9,837       6,117      17,088      44,131     206,424
    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                           2,051,984      33,407   1,511,914      32,535      14,360      74,680      41,166      60,346       9,837       6,116      17,087      44,129     206,408
    U.S. Treasury, General Account               106,048           0     106,048           0           0           0           0           0           0           0           0           0           0
    Foreign official                              10,030           2      10,003           3           3           8           2           1           0           0           0           1           6
    Other                                         10,249           3      10,085          35           0          69          10          34           0           0           1           1          10
  Deferred availability cash items                 1,004           0           0           0           0           0         873           0           0         131           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,630          34         972          36          25          60         117          95          28          15          34          68         145
  Other liabilities and accrued             
     dividends (16)                                5,882         143       3,577         163         170         427         304         261         135         124         111         191         277
                                                                                                                                                                                                        
Total liabilities                              3,437,758      70,128   2,154,815      74,111      68,931     178,782     195,657     142,052      44,206      20,134      45,156      98,881     344,905
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,492       1,299       8,774       2,113       2,173       5,765       1,597         756         232         117         282         460       3,926
  Surplus                                         27,492       1,299       8,774       2,113       2,173       5,765       1,597         756         232         117         282         460       3,926
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,492,742      72,725   2,172,362      78,337      73,277     190,313     198,851     143,563      44,670      20,367      45,720      99,802     352,756

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, July 3, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jul 3, 2013  

Federal Reserve notes outstanding                                                            1,461,218  
  Less: Notes held by F.R. Banks not subject to collateralization                              302,158  
    Federal Reserve notes to be collateralized                                               1,159,060  
Collateral held against Federal Reserve notes                                                1,159,060  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,142,823  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,219,993  
  Less: Face value of securities under reverse repurchase agreements                            85,880  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,134,114  

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.