FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 2, 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 1, 2013 Apr 24, 2013 May 2, 2012

Wednesday

May 1, 2013

Reserve Bank credit 3,266,101 - 4,761 + 448,528 3,273,728

Securities held outright1 3,034,034 - 6,016 + 424,766 3,041,571

U.S. Treasury securities 1,840,524 + 9,157 + 173,632 1,847,983

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,748,249 + 8,986 + 176,436 1,755,658

Notes and bonds, inflation-indexed2 80,277 0 + 12,857 80,277

Inflation compensation3 11,999 + 173 + 2,763 12,048

Federal agency debt securities2 72,053 0 - 22,518 72,053

Mortgage-backed securities4 1,121,457 - 15,173 + 273,652 1,121,535

Unamortized premiums on securities held outright5 196,106 + 479 + 69,042 196,344

Unamortized discounts on securities held outright5 -1,650 + 14 + 676 -1,649

Repurchase agreements6 0 0 0 0

Loans 405 - 4 - 6,223 419

Primary credit 10 - 7 - 73 15

Secondary credit 0 0 0 0

Seasonal credit 17 + 4 + 3 26

Term Asset-Backed Securities Loan Facility7 377 - 1 - 6,154 377

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,425 + 16 - 2,751 1,428

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 19,953 22

Net portfolio holdings of TALF LLC11 393 0 - 443 393

Float -689 - 59 + 175 -698

Central bank liquidity swaps12 8,576 + 1,024 - 19,375 8,576

Other Federal Reserve assets13 27,415 - 215 + 2,568 27,259

Foreign currency denominated assets14 23,651 + 149 - 2,138 23,850

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,015 + 14 + 588 45,015

Total factors supplying reserve funds 3,351,008 - 4,598 + 446,979 3,358,835

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 1, 2013 Apr 24, 2013 May 2, 2012

Wednesday

May 1, 2013

Currency in circulation15 1,180,382 + 1,566 + 79,848 1,182,772

Reverse repurchase agreements16 95,161 + 927 - 2,785 95,281

Foreign official and international accounts 95,161 + 927 - 2,785 95,281

Others 0 0 0 0

Treasury cash holdings 186 + 3 + 46 183

Deposits with F.R. Banks, other than reserve balances 177,687 - 20,188 + 39,449 201,664

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 157,054 + 28,354 + 36,306 184,624

Foreign official 9,958 + 88 + 9,820 9,949

Service-related 0 0 - 1,927 0

Required clearing balances 0 0 - 1,927 0

Adjustments to compensate for float 0 0 0 0

Other 10,675 - 48,630 - 4,749 7,091

Other liabilities and capital17 65,751 - 625 - 8,961 65,382

Total factors, other than reserve balances,

absorbing reserve funds 1,519,167 - 18,318 + 107,598 1,545,282

Reserve balances with Federal Reserve Banks 1,831,841 + 13,719 + 339,381 1,813,553

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 1, 2013 Apr 24, 2013 May 2, 2012

Wednesday

May 1, 2013

Securities held in custody for foreign official and international

accounts 3,295,051 - 2,629 + 196,484 3,297,441

Marketable U.S. Treasury securities1 2,945,728 + 1,108 + 252,040 2,948,108

Federal agency debt and mortgage-backed securities2 310,894 - 3,936 - 56,485 310,750

Other securities3 38,429 + 199 + 928 38,583

Securities lent to dealers 22,696 + 3,872 + 8,914 23,669

Overnight facility4 22,696 + 3,872 + 8,914 23,669

U.S. Treasury securities 21,680 + 3,688 + 8,780 22,290

Federal agency debt securities 1,016 + 184 + 135 1,379

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 1, 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 15 26 0 377 0 ... 419

U.S. Treasury securities2

Holdings 2 4 308 491,298 882,001 474,369 1,847,983

Weekly changes + 1 - 2 + 1 + 23,632 - 15,076 + 3,199 + 11,756

Federal agency debt securities3

Holdings 0 5,532 21,556 40,574 2,044 2,347 72,053

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,686 1,118,847 1,121,535

Weekly changes 0 0 0 0 - 56 - 14,416 - 14,472

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,300 7,276 0 0 0 0 8,576

Reverse repurchase agreements6 95,281 0 ... ... ... ... 95,281

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 1, 2013

Mortgage-backed securities held outright1 1,121,535

Commitments to buy mortgage-backed securities2 92,712

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 41

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 1, 2013

Net portfolio holdings of Maiden Lane LLC1 1,428

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 1, 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 1, 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 1, 2013

Asset-backed securities holdings1 0

Other investments, net 393

Net portfolio holdings of TALF LLC 393

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 1, 2013 Apr 24, 2013 May 2, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,039 - 8 - 191

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,236,685 - 2,453 + 494,444

Securities held outright1 3,041,571 - 2,716 + 431,550

U.S. Treasury securities 1,847,983 + 11,756 + 180,353

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,755,658 + 11,598 + 183,394

Notes and bonds, inflation-indexed2 80,277 0 + 12,611

Inflation compensation3 12,048 + 157 + 2,771

Federal agency debt securities2 72,053 0 - 22,518

Mortgage-backed securities4 1,121,535 - 14,472 + 273,715

Unamortized premiums on securities held outright5 196,344 + 250 + 68,599

Unamortized discounts on securities held outright5 -1,649 + 13 + 677

Repurchase agreements6 0 0 0

Loans 419 + 1 - 6,382

Net portfolio holdings of Maiden Lane LLC7 1,428 + 4 - 2,755

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 20,185

Net portfolio holdings of TALF LLC10 393 0 - 443

Items in process of collection (0) 591 + 457 + 305

Bank premises 2,296 - 5 - 69

Central bank liquidity swaps11 8,576 + 1,024 - 18,680

Foreign currency denominated assets12 23,850 + 423 - 1,938

Other assets13 25,014 - 896 + 2,383

Total assets (0) 3,317,194 - 1,455 + 452,914

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 1, 2013 Apr 24, 2013 May 2, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,139,975 + 2,370 + 79,342

Reverse repurchase agreements14 95,281 + 4,826 + 4,945

Deposits (0) 2,015,267 - 9,734 + 375,683

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,813,604 + 64,117 + 330,460

U.S. Treasury, General Account 184,624 + 17,003 + 47,878

Foreign official 9,949 + 80 + 9,812

Other (0) 7,091 - 90,932 - 12,467

Deferred availability cash items (0) 1,290 + 437 + 153

Other liabilities and accrued dividends15 10,225 + 617 - 7,885

Total liabilities (0) 3,262,037 - 1,484 + 452,236

Capital accounts

Capital paid in 27,579 + 15 + 339

Surplus 27,579 + 15 + 339

Other capital accounts 0 0 0

Total capital 55,157 + 29 + 678

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 1, 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 2,039 40 101 132 146 360 184 302 26 53 162 189 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,236,685 84,625 1,795,020 93,768 82,651 201,239 214,988 174,887 52,073 30,717 61,236 125,672 319,808

Securities held outright1 3,041,571 79,534 1,686,676 88,127 77,679 189,127 202,048 164,356 48,940 28,862 57,543 118,112 300,568

U.S. Treasury securities 1,847,983 48,323 1,024,782 53,544 47,196 114,909 122,759 99,858 29,735 17,536 34,962 71,762 182,618

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

Notes and bonds3 1,847,983 48,323 1,024,782 53,544 47,196 114,909 122,759 99,858 29,735 17,536 34,962 71,762 182,618

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 1,121,535 29,327 621,937 32,496 28,643 69,738 74,502 60,604 18,046 10,642 21,218 43,552 110,830

Unamortized premiums on securities 

held outright5 196,344 5,134 108,881 5,689 5,014 12,209 13,043 10,610 3,159 1,863 3,715 7,625 19,403

Unamortized discounts on securities 

held outright5 -1,649 -43 -915 -48 -42 -103 -110 -89 -27 -16 -31 -64 -163

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

Loans 419 0 378 0 1 5 7 11 1 7 9 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,428 0 1,428 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 393 0 393 0 0 0 0 0 0 0 0 0 0

Items in process of collection 591 0 0 0 0 0 591 0 0 0 0 0 0

Bank premises 2,296 118 427 72 114 229 213 201 129 102 250 236 206

Central bank liquidity swaps11 8,576 421 2,741 663 669 1,801 489 245 71 36 87 136 1,216

Foreign currency denominated assets12 23,850 1,172 7,631 1,844 1,860 5,007 1,358 680 199 100 241 378 3,381

Other assets13 25,014 690 13,420 737 654 1,741 1,689 1,346 453 302 495 990 2,496

Interdistrict settlement account 0 - 17,866 + 180,872 - 17,304 - 12,092 - 19,029 - 23,112 - 22,685 - 6,365 - 7,992 - 15,603 - 23,938 - 14,886

Total assets 3,317,194 69,788 2,007,863 80,520 74,751 192,616 198,474 156,191 47,046 23,597 47,330 104,673 314,346

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 1, 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 1,415,921 46,546 539,297 46,237 60,655 104,664 173,310 94,883 36,568 23,358 37,393 98,564 154,446

Less: Notes held by F.R. Banks 275,946 12,281 90,447 4,872 8,733 11,085 32,868 15,052 3,512 8,414 10,955 49,220 28,508

Federal Reserve notes, net 1,139,975 34,265 448,850 41,365 51,923 93,579 140,442 79,831 33,056 14,945 26,438 49,344 125,938

Reverse repurchase agreements14 95,281 2,491 52,837 2,761 2,433 5,925 6,329 5,149 1,533 904 1,803 3,700 9,416

Deposits 2,015,267 30,179 1,482,910 31,767 15,735 80,610 46,761 69,220 11,795 7,255 18,340 50,369 170,325

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 1,813,604 30,175 1,281,535 31,724 15,732 80,427 46,751 69,193 11,795 7,255 18,338 50,367 170,311

U.S. Treasury, General Account 184,624 0 184,624 0 0 0 0 0 0 0 0 0 0

Foreign official 9,949 2 9,921 3 3 8 2 1 0 0 0 1 6

Other 7,091 2 6,830 40 0 174 8 26 0 0 1 1 9

Deferred availability cash items 1,290 0 7 0 0 0 1,185 0 0 98 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,809 51 897 72 64 191 121 86 29 15 30 63 190

Other liabilities and accrued

dividends16 8,416 215 4,841 266 266 649 470 393 169 145 156 280 566

Total liabilities 3,262,037 67,201 1,990,342 76,230 70,421 180,953 195,308 154,679 46,583 23,363 46,767 103,755 306,436

Capital

Capital paid in 27,579 1,293 8,761 2,145 2,165 5,831 1,583 756 232 117 281 459 3,955

Surplus 27,579 1,293 8,761 2,145 2,165 5,831 1,583 756 232 117 281 459 3,955

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

Total liabilities and capital 3,317,194 69,788 2,007,863 80,520 74,751 192,616 198,474 156,191 47,046 23,597 47,330 104,673 314,346

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 1, 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 1, 2013

Federal Reserve notes outstanding 1,415,921

Less: Notes held by F.R. Banks not subject to collateralization 275,946

Federal Reserve notes to be collateralized 1,139,975

Collateral held against Federal Reserve notes 1,139,975

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,123,738

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,041,571

Less: Face value of securities under reverse repurchase agreements 80,801

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,960,770

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.