FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

April 25, 2013

The weekly average values, shown in table 1, reflect the March 31, 2013, quarterly updates to the

fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the

Term Asset-Backed Securities Loan Facility, or TALF, which is included in “Other Federal

Reserve assets.” The amounts for the first six days of this reporting week are based on the

values as of December 31, 2012, and the amounts for the last day of the reporting week are based

on the values as of March 31, 2013.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 25, 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

Apr 24, 2013 Apr 17, 2013 Apr 25, 2012

Wednesday

Apr 24, 2013

Reserve Bank credit 3,270,862 + 29,911 + 438,550 3,276,085

Securities held outright1 3,040,050 + 27,511 + 417,360 3,044,287

U.S. Treasury securities 1,831,367 + 11,710 + 164,323 1,836,227

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,739,263 + 11,535 + 167,031 1,744,060

Notes and bonds, inflation-indexed2 80,277 0 + 13,041 80,277

Inflation compensation3 11,826 + 175 + 2,672 11,891

Federal agency debt securities2 72,053 0 - 22,608 72,053

Mortgage-backed securities4 1,136,630 + 15,801 + 275,645 1,136,007

Unamortized premiums on securities held outright5 195,627 + 1,298 + 69,221 196,094

Unamortized discounts on securities held outright5 -1,664 + 5 + 679 -1,662

Repurchase agreements6 0 0 0 0

Loans 409 + 16 - 6,217 418

Primary credit 17 + 15 + 9 20

Secondary credit 0 0 0 0

Seasonal credit 13 + 4 + 2 20

Term Asset-Backed Securities Loan Facility7 378 - 4 - 6,230 377

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,409 + 5 - 2,649 1,424

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 17,633 22

Net portfolio holdings of TALF LLC11 393 + 1 - 442 393

Float -630 + 116 - 24 -719

Central bank liquidity swaps12 7,552 0 - 24,419 7,552

Other Federal Reserve assets13 27,630 + 958 + 2,629 28,211

Foreign currency denominated assets14 23,502 - 109 - 2,071 23,427

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,001 + 14 + 581 45,001

Total factors supplying reserve funds 3,355,606 + 29,815 + 437,060 3,360,754

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

Apr 24, 2013 Apr 17, 2013 Apr 25, 2012

Wednesday

Apr 24, 2013

Currency in circulation15 1,178,816 + 384 + 79,524 1,180,377

Reverse repurchase agreements16 94,234 - 2,907 + 4,869 90,455

Foreign official and international accounts 94,234 - 1,336 + 4,869 90,455

Others 0 - 1,571 0 0

Treasury cash holdings 183 - 15 + 42 186

Deposits with F.R. Banks, other than reserve balances 197,875 + 74,059 + 79,916 275,513

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 128,700 + 46,128 + 50,202 167,621

Foreign official 9,870 - 13 + 9,740 9,869

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 59,305 + 27,944 + 21,901 98,023

Other liabilities and capital17 66,376 - 3,895 - 6,278 64,736

Total factors, other than reserve balances,

absorbing reserve funds 1,537,485 + 67,627 + 158,074 1,611,267

Reserve balances with Federal Reserve Banks 1,818,122 - 37,811 + 278,987 1,749,487

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

Apr 24, 2013 Apr 17, 2013 Apr 25, 2012

Wednesday

Apr 24, 2013

Securities held in custody for foreign official and international

accounts 3,297,680 + 1,416 + 202,142 3,303,967

Marketable U.S. Treasury securities1 2,944,620 - 14,139 + 256,706 2,951,413

Federal agency debt and mortgage-backed securities2 314,830 + 15,371 - 55,604 314,153

Other securities3 38,230 + 184 + 1,040 38,401

Securities lent to dealers 18,824 + 495 + 5,267 22,024

Overnight facility4 18,824 + 495 + 5,267 22,024

U.S. Treasury securities 17,992 + 589 + 5,195 21,071

Federal agency debt securities 832 - 94 + 73 953

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, April 24, 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 37 3 0 377 0 ... 418

U.S. Treasury securities2

Holdings 1 6 307 467,666 897,077 471,170 1,836,227

Weekly changes 0 0 0 + 21 + 7,140 + 4,024 + 11,185

Federal agency debt securities3

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

Weekly changes 0 0 + 1,629 - 1,629 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,742 1,133,263 1,136,007

Weekly changes 0 0 0 0 + 2 + 9,886 + 9,888

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 303 7,249 0 0 0 0 7,552

Reverse repurchase agreements6 90,455 0 ... ... ... ... 90,455

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 Apr 24, 2013

Mortgage-backed securities held outright1 1,136,007

Commitments to buy mortgage-backed securities2 77,784

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 99

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 Apr 24, 2013

Net portfolio holdings of Maiden Lane LLC1 1,424

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 Apr 24, 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 Apr 24, 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 Apr 24, 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

Apr 24, 2013 Apr 17, 2013 Apr 25, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,047 - 22 - 186

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,239,138 + 22,511 + 498,089

Securities held outright1 3,044,287 + 21,074 + 434,153

U.S. Treasury securities 1,836,227 + 11,185 + 168,461

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,744,060 + 11,011 + 171,135

Notes and bonds, inflation-indexed2 80,277 0 + 13,041

Inflation compensation3 11,891 + 175 + 2,708

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

Mortgage-backed securities4 1,136,007 + 9,888 + 288,211

Unamortized premiums on securities held outright5 196,094 + 1,420 + 69,427

Unamortized discounts on securities held outright5 -1,662 + 2 + 665

Repurchase agreements6 0 0 0

Loans 418 + 14 - 6,157

Net portfolio holdings of Maiden Lane LLC7 1,424 + 18 - 2,746

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 19,783

Net portfolio holdings of TALF LLC10 393 + 1 - 443

Items in process of collection (0) 134 + 10 - 80

Bank premises 2,301 + 1 - 52

Central bank liquidity swaps11 7,552 0 - 24,419

Foreign currency denominated assets12 23,427 - 214 - 2,186

Other assets13 25,910 + 1,235 + 3,849

Total assets (0) 3,318,649 + 23,540 + 452,088

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

Apr 24, 2013 Apr 17, 2013 Apr 25, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,137,605 + 1,260 + 79,297

Reverse repurchase agreements14 90,455 - 7,122 - 1,992

Deposits (0) 2,025,001 + 31,526 + 383,972

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,749,487 - 99,742 + 223,168

U.S. Treasury, General Account 167,621 + 46,417 + 65,029

Foreign official 9,869 - 1 + 9,741

Other (0) 98,023 + 84,851 + 86,033

Deferred availability cash items (0) 853 - 70 - 165

Other liabilities and accrued dividends15 9,608 - 2,040 - 9,689

Total liabilities (0) 3,263,521 + 23,553 + 451,422

Capital accounts

Capital paid in 27,564 - 7 + 333

Surplus 27,564 - 7 + 333

Other capital accounts 0 0 0

Total capital 55,128 - 13 + 665

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, April 24, 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 2,047 39 102 134 148 364 185 304 23 53 162 188 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,239,138 84,695 1,796,381 93,840 82,714 201,394 215,150 175,016 52,112 30,735 61,284 125,767 320,050

Securities held outright1 3,044,287 79,605 1,688,182 88,206 77,748 189,296 202,228 164,503 48,983 28,888 57,595 118,217 300,836

U.S. Treasury securities 1,836,227 48,016 1,018,263 53,203 46,895 114,178 121,978 99,223 29,545 17,424 34,739 71,305 181,456

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

Notes and bonds3 1,836,227 48,016 1,018,263 53,203 46,895 114,178 121,978 99,223 29,545 17,424 34,739 71,305 181,456

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 1,136,007 29,705 629,962 32,915 29,012 70,638 75,463 61,386 18,279 10,780 21,492 44,114 112,260

Unamortized premiums on securities 

held outright5 196,094 5,128 108,742 5,682 5,008 12,193 13,026 10,596 3,155 1,861 3,710 7,615 19,378

Unamortized discounts on securities 

held outright5 -1,662 -43 -921 -48 -42 -103 -110 -90 -27 -16 -31 -65 -164

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

Loans 418 6 378 0 1 8 6 7 0 2 11 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,424 0 1,424 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 134 0 0 0 0 0 133 0 0 0 0 0 0

Bank premises 2,301 118 429 71 114 229 213 202 129 102 251 236 207

Central bank liquidity swaps11 7,552 371 2,414 584 589 1,586 430 215 63 32 76 120 1,071

Foreign currency denominated assets12 23,427 1,151 7,491 1,812 1,827 4,919 1,334 668 195 98 237 372 3,322

Other assets13 25,910 725 13,898 765 676 1,798 1,741 1,388 458 303 510 1,115 2,532

Interdistrict settlement account 0 - 23,467 + 196,092 - 15,589 - 9,425 - 35,774 - 24,332 - 24,134 - 7,155 - 7,292 - 15,450 - 28,084 - 5,389

Total assets 3,318,649 64,220 2,024,453 82,224 77,392 175,785 196,930 154,874 46,285 24,311 47,533 100,724 323,920

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, April 24, 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 1,412,088 46,759 534,216 46,467 60,918 104,141 173,772 95,075 36,691 23,498 37,578 98,386 154,587

Less: Notes held by F.R. Banks 274,483 12,260 91,514 4,703 8,771 11,030 32,344 14,966 3,648 8,081 10,858 48,602 27,706

Federal Reserve notes, net 1,137,605 34,499 442,702 41,764 52,148 93,111 141,428 80,109 33,042 15,417 26,720 49,784 126,881

Reverse repurchase agreements14 90,455 2,365 50,161 2,621 2,310 5,625 6,009 4,888 1,455 858 1,711 3,513 8,939

Deposits 2,025,001 24,496 1,508,713 33,248 18,309 64,658 45,108 67,884 11,127 7,447 18,352 46,162 179,497

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 1,749,487 24,493 1,233,485 33,208 18,305 64,476 45,098 67,857 11,126 7,447 18,350 46,159 179,482

U.S. Treasury, General Account 167,621 0 167,621 0 0 0 0 0 0 0 0 0 0

Foreign official 9,869 2 9,842 3 3 8 2 1 0 0 0 1 6

Other 98,023 1 97,765 37 0 174 8 26 0 0 1 3 9

Deferred availability cash items 853 0 0 0 0 0 660 0 0 193 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,655 47 984 35 36 66 109 93 27 16 31 67 145

Other liabilities and accrued

dividends16 7,953 226 4,372 266 264 662 473 388 171 146 156 280 550

Total liabilities 3,263,521 61,634 2,006,931 77,934 73,066 164,122 193,787 153,362 45,822 24,077 46,970 99,806 316,011

Capital

Capital paid in 27,564 1,293 8,761 2,145 2,163 5,832 1,571 756 232 117 281 459 3,954

Surplus 27,564 1,293 8,761 2,145 2,163 5,832 1,571 756 232 117 281 459 3,954

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

Total liabilities and capital 3,318,649 64,220 2,024,453 82,224 77,392 175,785 196,930 154,874 46,285 24,311 47,533 100,724 323,920

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, April 24, 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 Apr 24, 2013

Federal Reserve notes outstanding 1,412,088

Less: Notes held by F.R. Banks not subject to collateralization 274,483

Federal Reserve notes to be collateralized 1,137,605

Collateral held against Federal Reserve notes 1,137,605

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,121,368

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,044,287

Less: Face value of securities under reverse repurchase agreements 77,394

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,966,894

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.