FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 6, 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

Jun 5, 2013 May 29, 2013 Jun 6, 2012

Wednesday

Jun 5, 2013

Reserve Bank credit 3,349,794 - 2,899 + 546,411 3,357,440

Securities held outright1 3,126,902 - 1,856 + 520,510 3,133,890

U.S. Treasury securities 1,891,037 + 9,259 + 229,651 1,898,010

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,796,758 + 9,233 + 231,149 1,803,740

Notes and bonds, inflation-indexed2 81,646 0 + 13,992 81,646

Inflation compensation3 12,633 + 26 + 2,933 12,624

Federal agency debt securities2 70,890 - 997 - 22,362 70,890

Mortgage-backed securities4 1,164,975 - 10,118 + 313,221 1,164,991

Unamortized premiums on securities held outright5 200,933 - 77 + 68,162 200,922

Unamortized discounts on securities held outright5 -1,801 - 79 + 479 -1,902

Repurchase agreements6 0 0 0 0

Loans 325 - 57 - 5,144 327

Primary credit 8 - 2 - 3 8

Secondary credit 0 0 0 0

Seasonal credit 47 - 4 + 12 49

Term Asset-Backed Securities Loan Facility7 271 - 50 - 5,153 271

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,424 - 4 - 2,455 1,424

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 15,241 22

Net portfolio holdings of TALF LLC11 388 0 - 453 388

Float -815 - 152 - 39 -893

Central bank liquidity swaps12 1,771 0 - 20,511 1,771

Other Federal Reserve assets13 20,582 - 672 + 1,059 21,426

Foreign currency denominated assets14 23,433 + 250 - 1,808 23,558

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,094 + 14 + 614 45,094

Total factors supplying reserve funds 3,434,562 - 2,634 + 545,217 3,442,333

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

Jun 5, 2013 May 29, 2013 Jun 6, 2012

Wednesday

Jun 5, 2013

Currency in circulation15 1,190,702 - 30 + 81,403 1,190,513

Reverse repurchase agreements16 94,943 + 8,368 + 2,314 94,279

Foreign official and international accounts 94,943 + 8,368 + 2,314 94,279

Others 0 0 0 0

Treasury cash holdings 150 - 2 + 4 137

Deposits with F.R. Banks, other than reserve balances 66,912 - 49,220 - 19,735 68,529

Term deposits held by depository institutions 10,496 0 + 7,443 10,496

U.S. Treasury, General Account 30,230 + 16,728 - 30,533 41,025

Foreign official 11,194 + 163 + 11,063 11,182

Service-related 0 0 - 1,902 0

Required clearing balances 0 0 - 1,902 0

Adjustments to compensate for float 0 0 0 0

Other 14,991 - 66,111 - 5,807 5,825

Other liabilities and capital17 63,273 - 1,132 - 9,876 62,618

Total factors, other than reserve balances,

absorbing reserve funds 1,415,980 - 42,016 + 54,110 1,416,076

Reserve balances with Federal Reserve Banks 2,018,582 + 39,382 + 491,108 2,026,257

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

Jun 5, 2013 May 29, 2013 Jun 6, 2012

Wednesday

Jun 5, 2013

Securities held in custody for foreign official and international

accounts 3,312,395 - 2,464 + 188,552 3,308,709

Marketable U.S. Treasury securities1 2,971,892 - 225 + 252,843 2,968,252

Federal agency debt and mortgage-backed securities2 302,461 - 2,058 - 64,384 302,347

Other securities3 38,042 - 181 + 94 38,110

Securities lent to dealers 19,331 - 1,911 + 4,255 17,329

Overnight facility4 19,331 - 1,911 + 4,255 17,329

U.S. Treasury securities 18,294 - 1,817 + 3,847 16,505

Federal agency debt securities 1,036 - 95 + 407 824

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, June 5, 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 21 36 0 271 0 ... 327

U.S. Treasury securities2

Holdings 1 4 343 544,480 863,091 490,091 1,898,010

Weekly changes 0 0 + 35 + 23,906 - 12,488 + 2,997 + 14,451

Federal agency debt securities3

Holdings 232 4,945 21,631 39,691 2,044 2,347 70,890

Weekly changes + 232 - 232 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,702 1,162,287 1,164,991

Weekly changes 0 0 - 1 0 + 10 + 47 + 57

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 451 1,320 0 0 0 0 1,771

Reverse repurchase agreements6 94,279 0 ... ... ... ... 94,279

Term deposits 10,496 0 0 ... ... ... 10,496

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 Jun 5, 2013

Mortgage-backed securities held outright1 1,164,991

Commitments to buy mortgage-backed securities2 96,688

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 68

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 Jun 5, 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 Jun 5, 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 Jun 5, 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 Jun 5, 2013

Asset-backed securities holdings1 0

Other investments, net 388

Net portfolio holdings of TALF LLC 388

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

Jun 5, 2013 May 29, 2013 Jun 6, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,968 + 2 - 167

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,333,238 + 14,338 + 587,606

Securities held outright1 3,133,890 + 14,508 + 524,587

U.S. Treasury securities 1,898,010 + 14,451 + 233,718

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,803,740 + 14,452 + 235,245

Notes and bonds, inflation-indexed2 81,646 0 + 13,992

Inflation compensation3 12,624 0 + 2,904

Federal agency debt securities2 70,890 0 - 22,362

Mortgage-backed securities4 1,164,991 + 57 + 313,232

Unamortized premiums on securities held outright5 200,922 + 98 + 67,796

Unamortized discounts on securities held outright5 -1,902 - 178 + 366

Repurchase agreements6 0 0 0

Loans 327 - 91 - 5,144

Net portfolio holdings of Maiden Lane LLC7 1,424 0 - 2,459

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 15,275

Net portfolio holdings of TALF LLC10 388 0 - 453

Items in process of collection (0) 87 - 428 - 110

Bank premises 2,297 - 7 - 64

Central bank liquidity swaps11 1,771 0 - 20,497

Foreign currency denominated assets12 23,558 + 320 - 1,668

Other assets13 19,129 + 830 + 1,206

Total assets (0) 3,400,183 + 15,055 + 548,165

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

Jun 5, 2013 May 29, 2013 Jun 6, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,147,520 - 1,815 + 79,695

Reverse repurchase agreements14 94,279 + 6,102 + 5,418

Deposits (0) 2,094,786 + 11,453 + 473,141

Term deposits held by depository institutions 10,496 0 + 7,443

Other deposits held by depository institutions 2,026,257 + 3,668 + 479,396

U.S. Treasury, General Account 41,025 + 26,727 - 13,015

Foreign official 11,182 + 158 + 11,053

Other (0) 5,825 - 19,100 - 11,736

Deferred availability cash items (0) 980 - 647 - 164

Other liabilities and accrued dividends15 7,600 + 149 - 10,245

Total liabilities (0) 3,345,164 + 15,241 + 547,845

Capital accounts

Capital paid in 27,509 - 93 + 159

Surplus 27,509 - 93 + 159

Other capital accounts 0 0 0

Total capital 55,018 - 187 + 319

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, June 5, 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 1,968 35 89 122 132 347 183 296 24 51 158 192 339

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,333,238 87,156 1,848,508 96,569 85,119 207,244 221,404 180,109 53,636 31,640 63,066 129,427 329,360

Securities held outright1 3,133,890 81,948 1,737,871 90,802 80,036 194,868 208,180 169,344 50,425 29,738 59,290 121,697 309,691

U.S. Treasury securities 1,898,010 49,631 1,052,524 54,993 48,473 118,020 126,082 102,562 30,540 18,011 35,908 73,704 187,561

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

Notes and bonds3 1,898,010 49,631 1,052,524 54,993 48,473 118,020 126,082 102,562 30,540 18,011 35,908 73,704 187,561

Federal agency debt securities2 70,890 1,854 39,311 2,054 1,810 4,408 4,709 3,831 1,141 673 1,341 2,753 7,005

Mortgage-backed securities4 1,164,991 30,463 646,035 33,755 29,753 72,440 77,389 62,952 18,745 11,055 22,040 45,239 115,124

Unamortized premiums on securities 

held outright5 200,922 5,254 111,419 5,822 5,131 12,493 13,347 10,857 3,233 1,907 3,801 7,802 19,855

Unamortized discounts on securities 

held outright5 -1,902 -50 -1,055 -55 -49 -118 -126 -103 -31 -18 -36 -74 -188

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

Loans 327 4 273 0 0 1 3 11 9 13 11 2 2

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 388 0 388 0 0 0 0 0 0 0 0 0 0

Items in process of collection 87 0 0 0 0 0 86 0 0 0 0 0 0

Bank premises 2,297 120 429 71 113 229 212 201 129 101 250 235 206

Central bank liquidity swaps11 1,771 87 566 137 138 372 101 50 15 7 18 28 251

Foreign currency denominated assets12 23,558 1,158 7,533 1,822 1,837 4,947 1,342 672 196 99 238 374 3,341

Other assets13 19,129 529 10,137 690 500 1,360 1,296 1,029 339 241 380 766 1,862

Interdistrict settlement account 0 - 20,425 + 176,318 - 15,391 - 14,637 - 9,209 - 28,184 - 35,947 - 8,657 - 10,673 - 17,370 - 32,258 + 16,434

Total assets 3,400,183 69,247 2,051,221 84,628 73,952 206,558 198,515 147,625 46,142 21,746 47,202 99,772 353,574

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, June 5, 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 1,437,587 46,254 553,469 46,034 60,197 108,209 174,831 94,385 36,389 23,407 38,755 99,549 156,110

Less: Notes held by F.R. Banks 290,067 12,191 93,300 6,521 8,994 11,839 32,027 16,704 3,792 9,990 12,735 49,682 32,293

Federal Reserve notes, net 1,147,520 34,063 460,169 39,512 51,204 96,370 142,804 77,681 32,597 13,417 26,021 49,867 123,816

Reverse repurchase agreements14 94,279 2,465 52,282 2,732 2,408 5,862 6,263 5,094 1,517 895 1,784 3,661 9,317

Deposits 2,094,786 29,904 1,517,226 37,837 15,721 92,024 44,956 62,987 11,404 6,951 18,691 45,074 212,010

Term deposits held by depository

institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250

Other deposits held by depository

institutions 2,026,257 29,807 1,452,603 36,946 15,718 91,797 44,240 62,694 11,404 6,856 18,480 44,968 210,745

U.S. Treasury, General Account 41,025 0 41,025 0 0 0 0 0 0 0 0 0 0

Foreign official 11,182 2 11,155 3 3 8 2 1 0 0 0 1 6

Other 5,825 0 5,552 37 0 179 9 37 0 0 1 1 9

Deferred availability cash items 980 0 0 0 0 0 866 0 0 113 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,970 53 984 118 56 225 119 91 26 13 31 67 187

Other liabilities and accrued

dividends16 5,630 165 3,027 205 217 546 322 260 135 122 112 185 333

Total liabilities 3,345,164 66,651 2,033,689 80,403 69,605 195,027 195,330 146,113 45,679 21,512 46,638 98,854 345,663

Capital

Capital paid in 27,509 1,298 8,766 2,113 2,173 5,765 1,592 756 232 117 282 459 3,956

Surplus 27,509 1,298 8,766 2,113 2,173 5,765 1,592 756 232 117 282 459 3,956

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

Total liabilities and capital 3,400,183 69,247 2,051,221 84,628 73,952 206,558 198,515 147,625 46,142 21,746 47,202 99,772 353,574

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, June 5, 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 Jun 5, 2013

Federal Reserve notes outstanding 1,437,587

Less: Notes held by F.R. Banks not subject to collateralization 290,067

Federal Reserve notes to be collateralized 1,147,520

Collateral held against Federal Reserve notes 1,147,520

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,131,283

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,133,890

Less: Face value of securities under reverse repurchase agreements 84,473

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,049,418

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.