FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 22, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Aug 21, 2013 Aug 14, 2013 Aug 22, 2012

Wednesday

Aug 21, 2013

Reserve Bank credit 3,589,705 + 24,145 + 806,015 3,602,633

Securities held outright1 3,368,543 + 39,082 + 782,247 3,381,070

U.S. Treasury securities 2,007,832 + 9,523 + 367,455 2,012,169

Bills2 0 0 0 0

Notes and bonds, nominal2 1,908,905 + 8,233 + 348,964 1,913,222

Notes and bonds, inflation-indexed2 85,819 + 1,211 + 15,384 85,819

Inflation compensation3 13,108 + 79 + 3,107 13,128

Federal agency debt securities2 65,713 - 693 - 22,794 65,713

Mortgage-backed securities4 1,294,998 + 30,251 + 437,586 1,303,189

Unamortized premiums on securities held outright5 203,827 - 40 + 55,871 204,100

Unamortized discounts on securities held outright5 -4,146 - 581 - 2,225 -4,368

Repurchase agreements6 0 0 0 0

Loans 344 + 9 - 3,069 278

Primary credit 22 + 7 + 12 25

Secondary credit 0 0 0 0

Seasonal credit 149 + 13 + 5 151

Term Asset-Backed Securities Loan Facility7 173 - 12 - 3,085 102

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,487 - 2 - 381 1,491

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1,456 22

Net portfolio holdings of TALF LLC11 195 0 - 654 195

Float -660 + 1 - 16 -668

Central bank liquidity swaps12 317 - 1,162 - 26,167 317

Other Federal Reserve assets13 19,713 - 13,161 + 1,864 20,132

Foreign currency denominated assets14 23,997 - 59 - 1,036 24,025

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,245 + 14 + 664 45,245

Total factors supplying reserve funds 3,675,188 + 24,099 + 805,644 3,688,145

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Aug 21, 2013 Aug 14, 2013 Aug 22, 2012

Wednesday

Aug 21, 2013

Currency in circulation15 1,198,394 - 204 + 81,814 1,199,483

Reverse repurchase agreements16 99,032 + 4,209 + 5,756 96,342

Foreign official and international accounts 97,603 + 3,721 + 4,327 96,342

Others 1,429 + 488 + 1,429 0

Treasury cash holdings 151 0 + 22 146

Deposits with F.R. Banks, other than reserve balances 120,060 + 4,016 + 36,856 128,920

Term deposits held by depository institutions 0 - 11,913 0 0

U.S. Treasury, General Account 51,174 - 12,947 + 27,136 41,527

Foreign official 10,387 - 67 + 5,300 10,376

Other 58,499 + 28,943 + 4,419 77,018

Other liabilities and capital17 63,881 - 2,046 - 721 63,061

Total factors, other than reserve balances,

absorbing reserve funds 1,481,517 + 5,973 + 123,726 1,487,953

Reserve balances with Federal Reserve Banks 2,193,671 + 18,126 + 681,918 2,200,192

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Aug 21, 2013 Aug 14, 2013 Aug 22, 2012

Wednesday

Aug 21, 2013

Securities held in custody for foreign official and international

accounts 3,283,446 + 16,217 + 126,330 3,281,184

Marketable U.S. Treasury securities1 2,935,713 + 14,747 + 148,980 2,926,910

Federal agency debt and mortgage-backed securities2 310,191 + 1,222 - 21,830 316,656

Other securities3 37,542 + 249 - 820 37,618

Securities lent to dealers 12,936 + 1,955 + 6,283 11,114

Overnight facility4 12,936 + 1,955 + 6,283 11,114

U.S. Treasury securities 12,144 + 1,979 + 6,090 10,279

Federal agency debt securities 792 - 24 + 193 835

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

underlying mortgages.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 21, 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 139 38 29 73 0 ... 278

U.S. Treasury securities2

Holdings 1 4 382 622,376 871,934 517,472 2,012,169

Weekly changes + 1 0 + 1 + 5 + 16,602 - 5,533 + 11,076

Federal agency debt securities3

Holdings 0 7,341 16,810 39,153 62 2,347 65,713

Weekly changes 0 + 708 - 708 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 2 2,644 1,300,543 1,303,189

Weekly changes 0 0 0 0 + 1 + 3,357 + 3,358

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 317 0 0 0 0 317

Reverse repurchase agreements6 96,342 0 ... ... ... ... 96,342

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Aug 21, 2013

Mortgage-backed securities held outright1 1,303,189

Commitments to buy mortgage-backed securities2 67,854

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 28

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

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Aug 21, 2013

Net portfolio holdings of Maiden Lane LLC1 1,491

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Aug 21, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Aug 21, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Aug 21, 2013

Asset-backed securities holdings1 0

Other investments, net 195

Net portfolio holdings of TALF LLC 195

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Aug 21, 2013 Aug 14, 2013 Aug 22, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,997 + 8 - 161

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,581,080 + 13,910 + 848,388

Securities held outright1 3,381,070 + 14,433 + 797,398

U.S. Treasury securities 2,012,169 + 11,076 + 375,017

Bills2 0 0 0

Notes and bonds, nominal2 1,913,222 + 11,021 + 356,496

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

Inflation compensation3 13,128 + 54 + 3,137

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

Mortgage-backed securities4 1,303,189 + 3,358 + 443,879

Unamortized premiums on securities held outright5 204,100 + 31 + 56,012

Unamortized discounts on securities held outright5 -4,368 - 468 - 2,452

Repurchase agreements6 0 0 0

Loans 278 - 86 - 2,569

Net portfolio holdings of Maiden Lane LLC7 1,491 + 5 - 378

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 1,532

Net portfolio holdings of TALF LLC10 195 0 - 656

Items in process of collection (0) 108 0 - 39

Bank premises 2,290 + 1 - 66

Central bank liquidity swaps11 317 - 1,162 - 26,167

Foreign currency denominated assets12 24,025 + 172 - 1,148

Other assets13 17,841 - 13,590 + 1,762

Total assets (0) 3,645,668 - 655 + 820,007

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Aug 21, 2013 Aug 14, 2013 Aug 22, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,156,377 + 13 + 80,623

Reverse repurchase agreements14 96,342 - 1,727 + 2,629

Deposits (0) 2,329,112 + 3,042 + 737,886

Term deposits held by depository institutions 0 - 11,913 0

Other deposits held by depository institutions 2,200,192 + 1,333 + 690,345

U.S. Treasury, General Account 41,527 - 15,630 + 27,847

Foreign official 10,376 - 35 + 5,293

Other (0) 77,018 + 29,288 + 14,402

Deferred availability cash items (0) 776 - 113 - 45

Other liabilities and accrued dividends15 7,974 - 1,863 - 1,513

Total liabilities (0) 3,590,581 - 648 + 819,580

Capital accounts

Capital paid in 27,544 - 3 + 214

Surplus 27,544 - 3 + 214

Other capital accounts 0 0 0

Total capital 55,087 - 7 + 427

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, August 21, 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 1,997 35 85 127 139 344 196 290 31 48 161 196 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,581,080 93,634 1,985,803 103,752 91,450 222,657 237,895 193,522 57,645 34,028 67,764 139,059 353,870

Securities held outright1 3,381,070 88,412 1,874,942 97,964 86,349 210,238 224,600 182,701 54,402 32,084 63,966 131,295 334,117

U.S. Treasury securities 2,012,169 52,616 1,115,830 58,301 51,389 125,118 133,666 108,731 32,376 19,094 38,068 78,137 198,842

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

Notes and bonds3 2,012,169 52,616 1,115,830 58,301 51,389 125,118 133,666 108,731 32,376 19,094 38,068 78,137 198,842

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

Mortgage-backed securities4 1,303,189 34,077 722,671 37,759 33,282 81,033 86,569 70,420 20,969 12,366 24,655 50,606 128,781

Unamortized premiums on securities 

held outright5 204,100 5,337 113,182 5,914 5,213 12,691 13,558 11,029 3,284 1,937 3,861 7,926 20,169

Unamortized discounts on securities 

held outright5 -4,368 -114 -2,422 -127 -112 -272 -290 -236 -70 -41 -83 -170 -432

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

Loans 278 0 102 1 0 0 27 28 29 49 19 8 16

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane II LLC8 64 0 64 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC9 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC10 195 0 195 0 0 0 0 0 0 0 0 0 0

Items in process of collection 108 0 0 0 0 0 107 0 0 0 0 0 0

Bank premises 2,290 119 428 72 112 229 212 201 128 101 249 234 205

Central bank liquidity swaps11 317 16 101 25 25 67 18 9 3 1 3 5 45

Foreign currency denominated assets12 24,025 1,181 7,683 1,858 1,874 5,045 1,368 685 200 101 243 381 3,407

Other assets13 17,841 497 9,465 557 467 1,295 1,196 957 310 227 356 776 1,738

Interdistrict settlement account 0 - 26,139 + 281,197 - 25,733 - 21,890 - 23,387 - 48,894 - 52,841 - 15,479 - 14,547 - 23,988 - 35,104 + 6,804

Total assets 3,645,668 69,930 2,292,278 81,265 72,926 207,518 194,173 144,039 43,298 20,240 45,250 106,557 368,195

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, August 21, 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 1,488,216 47,431 551,491 45,635 61,991 112,505 181,671 96,647 37,539 23,693 39,757 119,759 170,097

Less: Notes held by F.R. Banks 331,839 13,178 93,871 9,143 10,071 15,143 35,729 23,403 5,066 11,159 13,707 61,655 39,715

Federal Reserve notes, net 1,156,377 34,253 457,620 36,492 51,920 97,362 145,942 73,244 32,473 12,535 26,050 58,104 130,381

Reverse repurchase agreements14 96,342 2,519 53,426 2,791 2,460 5,991 6,400 5,206 1,550 914 1,823 3,741 9,521

Deposits 2,329,112 30,314 1,759,689 37,474 13,915 91,940 37,418 63,640 8,623 6,296 16,640 43,470 219,693

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 2,200,192 30,305 1,631,194 37,439 13,908 91,626 37,406 63,611 8,623 6,295 16,639 43,468 219,678

U.S. Treasury, General Account 41,527 0 41,527 0 0 0 0 0 0 0 0 0 0

Foreign official 10,376 2 10,349 3 3 8 2 1 0 0 0 1 6

Other 77,018 8 76,619 32 4 305 10 27 0 0 1 2 10

Deferred availability cash items 776 0 0 0 0 0 671 0 0 105 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,670 47 901 47 47 125 112 85 26 15 28 63 174

Other liabilities and accrued

dividends16 6,304 198 3,103 235 231 579 430 351 163 142 146 258 469

Total liabilities 3,590,581 67,332 2,274,739 77,039 68,573 195,997 190,973 142,526 42,835 20,006 44,687 105,636 360,238

Capital

Capital paid in 27,544 1,299 8,770 2,113 2,176 5,760 1,600 756 232 117 282 461 3,978

Surplus 27,544 1,299 8,770 2,113 2,176 5,760 1,600 756 232 117 282 461 3,978

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

Total liabilities and capital 3,645,668 69,930 2,292,278 81,265 72,926 207,518 194,173 144,039 43,298 20,240 45,250 106,557 368,195

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, August 21, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Aug 21, 2013

Federal Reserve notes outstanding 1,488,216

Less: Notes held by F.R. Banks not subject to collateralization 331,839

Federal Reserve notes to be collateralized 1,156,377

Collateral held against Federal Reserve notes 1,156,377

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,140,140

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,381,070

Less: Face value of securities under reverse repurchase agreements 89,184

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,291,887

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.