FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 12, 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

Sep 11, 2013 Sep 4, 2013 Sep 12, 2012

Wednesday

Sep 11, 2013

Reserve Bank credit 3,615,997 + 8,883 + 837,068 3,619,196

Securities held outright1 3,394,176 + 8,139 + 810,780 3,396,782

U.S. Treasury securities 2,038,281 + 9,326 + 385,817 2,041,088

Bills2 0 0 0 0

Notes and bonds, nominal2 1,939,035 + 9,102 + 367,342 1,940,567

Notes and bonds, inflation-indexed2 86,018 + 199 + 15,198 87,209

Inflation compensation3 13,228 + 25 + 3,277 13,312

Federal agency debt securities2 64,430 - 1,283 - 22,780 64,216

Mortgage-backed securities4 1,291,466 + 97 + 447,744 1,291,478

Unamortized premiums on securities held outright5 203,148 - 280 + 51,527 203,087

Unamortized discounts on securities held outright5 -5,706 - 469 - 3,919 -5,867

Repurchase agreements6 0 0 0 0

Loans 273 + 3 - 1,928 277

Primary credit 18 + 1 - 117 22

Secondary credit 0 0 0 0

Seasonal credit 153 + 3 + 31 154

Term Asset-Backed Securities Loan Facility7 102 0 - 1,843 102

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,493 + 1 - 423 1,498

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1,563 22

Net portfolio holdings of TALF LLC11 124 - 71 - 727 112

Float -769 - 100 - 73 -759

Central bank liquidity swaps12 320 + 3 - 19,126 320

Other Federal Reserve assets13 22,852 + 1,655 + 2,517 23,661

Foreign currency denominated assets14 23,670 - 127 - 2,009 23,726

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,287 + 14 + 684 45,287

Total factors supplying reserve funds 3,701,195 + 8,770 + 835,742 3,704,451

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

Sep 11, 2013 Sep 4, 2013 Sep 12, 2012

Wednesday

Sep 11, 2013

Currency in circulation15 1,207,515 - 720 + 80,825 1,206,627

Reverse repurchase agreements16 92,588 - 1,399 + 4,380 92,164

Foreign official and international accounts 92,588 - 1,399 + 5,355 92,164

Others 0 0 - 974 0

Treasury cash holdings 142 + 2 + 24 143

Deposits with F.R. Banks, other than reserve balances 71,948 + 12,074 - 7,716 66,767

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 38,551 + 6,119 - 8,468 30,020

Foreign official 8,994 - 1,387 + 3,486 8,765

Other 24,403 + 7,341 - 2,734 27,982

Other liabilities and capital17 63,173 - 429 - 1,701 63,109

Total factors, other than reserve balances,

absorbing reserve funds 1,435,365 + 9,526 + 75,811 1,428,809

Reserve balances with Federal Reserve Banks 2,265,831 - 756 + 759,932 2,275,642

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. The current face value shown is the remaining principal balance of

the securities.

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

Sep 11, 2013 Sep 4, 2013 Sep 12, 2012

Wednesday

Sep 11, 2013

Securities held in custody for foreign official and international

accounts 3,276,477 - 2,846 + 102,900 3,275,669

Marketable U.S. Treasury securities1 2,924,149 - 1,647 + 122,743 2,923,296

Federal agency debt and mortgage-backed securities2 314,813 - 723 - 18,919 314,772

Other securities3 37,515 - 476 - 925 37,601

Securities lent to dealers 12,098 - 2,275 + 5,812 16,366

Overnight facility4 12,098 - 2,275 + 5,812 16,366

U.S. Treasury securities 11,265 - 2,222 + 5,594 15,541

Federal agency debt securities 833 - 53 + 218 825

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

securities.

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, September 11, 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 59 117 29 73 0 ... 277

U.S. Treasury securities2

Holdings 0 5 385 646,632 867,686 526,379 2,041,088

Weekly changes 0 0 0 + 135 + 3,370 + 4,292 + 7,798

Federal agency debt securities3

Holdings 564 5,280 16,810 39,153 62 2,347 64,216

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

Mortgage-backed securities4

Holdings 0 0 0 2 2,599 1,288,876 1,291,478

Weekly changes 0 0 0 0 0 + 83 + 83

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 162 158 0 0 0 0 320

Reverse repurchase agreements6 92,164 0 ... ... ... ... 92,164

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. The current face value shown is the remaining principal balance of the securities.

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 Sep 11, 2013

Mortgage-backed securities held outright1 1,291,478

Commitments to buy mortgage-backed securities2 110,681

Commitments to sell mortgage-backed securities2 1,000

Cash and cash equivalents3 12

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

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 Sep 11, 2013

Net portfolio holdings of Maiden Lane LLC1 1,498

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the

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

principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Sep 11, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2013. Any assets purchased after

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

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

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

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S.

securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Sep 11, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Sep 11, 2013

Asset-backed securities holdings1 0

Other investments, net 112

Net portfolio holdings of TALF LLC 112

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through

the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Sep 11, 2013 Sep 4, 2013 Sep 12, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,992 + 9 - 165

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,594,279 + 5,660 + 860,054

Securities held outright1 3,396,782 + 6,384 + 814,992

U.S. Treasury securities 2,041,088 + 7,798 + 390,237

Bills2 0 0 0

Notes and bonds, nominal2 1,940,567 + 6,305 + 371,527

Notes and bonds, inflation-indexed2 87,209 + 1,390 + 15,425

Inflation compensation3 13,312 + 103 + 3,285

Federal agency debt securities2 64,216 - 1,497 - 22,994

Mortgage-backed securities4 1,291,478 + 83 + 447,748

Unamortized premiums on securities held outright5 203,087 - 221 + 50,754

Unamortized discounts on securities held outright5 -5,867 - 502 - 4,101

Repurchase agreements6 0 0 0

Loans 277 0 - 1,590

Net portfolio holdings of Maiden Lane LLC7 1,498 + 6 - 420

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

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

Net portfolio holdings of TALF LLC10 112 - 83 - 739

Items in process of collection (0) 125 - 32 - 18

Bank premises 2,284 + 1 - 65

Central bank liquidity swaps11 320 + 3 - 19,126

Foreign currency denominated assets12 23,726 + 53 - 2,109

Other assets13 21,376 + 2,237 + 2,735

Total assets (0) 3,662,035 + 7,853 + 838,587

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

Sep 11, 2013 Sep 4, 2013 Sep 12, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,163,470 - 3,229 + 79,635

Reverse repurchase agreements14 92,164 - 547 - 819

Deposits (0) 2,342,409 + 11,949 + 761,241

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,275,642 + 1,444 + 772,747

U.S. Treasury, General Account 30,020 - 6,339 - 8,463

Foreign official 8,765 - 1,615 + 3,204

Other (0) 27,982 + 18,458 - 6,247

Deferred availability cash items (0) 884 - 554 - 26

Other liabilities and accrued dividends15 8,222 + 236 - 1,695

Total liabilities (0) 3,607,148 + 7,853 + 838,335

Capital accounts

Capital paid in 27,444 0 + 126

Surplus 27,444 0 + 126

Other capital accounts 0 0 0

Total capital 54,887 0 + 252

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. The current face value shown is the remaining principal balance of the securities.

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, September 11, 2013

Millions of dollars

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

Assets

Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,992 35 90 127 136 344 203 284 28 47 161 193 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,594,279 93,980 1,993,123 104,146 91,787 223,478 238,770 194,232 57,860 34,154 68,020 139,571 355,159

Securities held outright1 3,396,782 88,822 1,883,655 98,419 86,750 211,215 225,644 183,550 54,655 32,233 64,263 131,905 335,670

U.S. Treasury securities 2,041,088 53,372 1,131,867 59,139 52,127 126,917 135,587 110,293 32,842 19,368 38,615 79,260 201,700

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

Notes and bonds3 2,041,088 53,372 1,131,867 59,139 52,127 126,917 135,587 110,293 32,842 19,368 38,615 79,260 201,700

Federal agency debt securities2 64,216 1,679 35,610 1,861 1,640 3,993 4,266 3,470 1,033 609 1,215 2,494 6,346

Mortgage-backed securities4 1,291,478 33,771 716,177 37,420 32,983 80,305 85,791 69,787 20,780 12,255 24,433 50,151 127,624

Unamortized premiums on securities 

held outright5 203,087 5,311 112,620 5,884 5,187 12,628 13,491 10,974 3,268 1,927 3,842 7,886 20,069

Unamortized discounts on securities 

held outright5 -5,867 -153 -3,254 -170 -150 -365 -390 -317 -94 -56 -111 -228 -580

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

Loans 277 0 102 13 0 0 25 25 32 50 25 7 0

Net portfolio holdings of Maiden

Lane LLC7 1,498 0 1,498 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 112 0 112 0 0 0 0 0 0 0 0 0 0

Items in process of collection 125 0 0 0 0 0 124 0 0 0 0 0 0

Bank premises 2,284 118 427 72 112 229 212 201 127 100 249 233 204

Central bank liquidity swaps11 320 16 102 25 25 67 18 9 3 1 3 5 45

Foreign currency denominated assets12 23,726 1,166 7,586 1,835 1,851 4,982 1,351 677 198 99 240 376 3,365

Other assets13 21,376 591 11,452 652 554 1,509 1,447 1,154 375 258 421 872 2,090

Interdistrict settlement account 0 - 29,011 + 238,419 - 26,727 - 12,092 - 8,309 - 42,525 - 55,966 - 14,465 - 14,045 - 23,726 - 33,201 + 21,649

Total assets 3,662,035 67,482 2,258,638 80,737 83,121 223,568 201,675 141,805 44,586 20,896 45,830 109,059 384,637

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, September 11, 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 1,491,419 47,138 549,126 45,233 62,363 112,837 183,531 96,692 37,560 23,551 39,509 121,462 172,415

Less: Notes held by F.R. Banks 327,949 12,836 91,216 9,157 9,959 14,934 35,490 24,009 4,871 10,913 13,507 60,392 40,665

Federal Reserve notes, net 1,163,470 34,302 457,911 36,076 52,405 97,902 148,041 72,683 32,689 12,638 26,003 61,070 131,750

Reverse repurchase agreements14 92,164 2,410 51,108 2,670 2,354 5,731 6,122 4,980 1,483 875 1,744 3,579 9,108

Deposits 2,342,409 27,933 1,727,803 37,535 23,734 107,816 43,027 62,195 9,763 6,873 17,349 43,175 235,206

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 2,275,642 27,930 1,661,412 37,498 23,731 107,537 43,015 62,172 9,763 6,873 17,347 43,172 235,193

U.S. Treasury, General Account 30,020 0 30,020 0 0 0 0 0 0 0 0 0 0

Foreign official 8,765 2 8,737 3 3 8 2 1 0 0 0 1 6

Other 27,982 1 27,633 34 0 271 10 22 0 0 1 2 7

Deferred availability cash items 884 0 0 0 0 0 760 0 0 124 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,719 44 969 50 44 107 111 95 26 15 31 63 166

Other liabilities and accrued

dividends16 6,503 196 3,371 227 232 580 414 339 162 139 142 250 451

Total liabilities 3,607,148 64,884 2,241,163 76,559 78,768 212,136 198,474 140,292 44,122 20,663 45,268 108,138 376,680

Capital

Capital paid in 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979

Surplus 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979

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

Total liabilities and capital 3,662,035 67,482 2,258,638 80,737 83,121 223,568 201,675 141,805 44,586 20,896 45,830 109,059 384,637

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, September 11, 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. The current face value shown is the remaining principal balance of the securities.

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 Sep 11, 2013

Federal Reserve notes outstanding 1,491,419

Less: Notes held by F.R. Banks not subject to collateralization 327,949

Federal Reserve notes to be collateralized 1,163,470

Collateral held against Federal Reserve notes 1,163,470

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,147,233

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,396,782

Less: Face value of securities under reverse repurchase agreements 83,983

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,312,798

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.