FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 5, 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

Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Wednesday

Jul 3, 2013

Reserve Bank credit 3,444,898 + 2,037 + 626,827 3,450,126

Securities held outright1 3,215,134 + 2,036 + 604,985 3,219,993

U.S. Treasury securities 1,937,609 + 14,343 + 273,957 1,942,678

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,842,000 + 14,358 + 274,538 1,847,054

Notes and bonds, inflation-indexed2 83,026 0 + 15,111 83,026

Inflation compensation3 12,583 - 15 + 2,731 12,598

Federal agency debt securities2 69,391 - 1,267 - 22,093 69,180

Mortgage-backed securities4 1,208,134 - 11,040 + 353,121 1,208,136

Unamortized premiums on securities held outright5 203,754 - 308 + 64,720 203,877

Unamortized discounts on securities held outright5 -2,399 - 188 - 266 -2,415

Repurchase agreements6 87 0 + 87 0

Loans 385 + 18 - 4,257 364

Primary credit 36 + 12 + 20 15

Secondary credit 0 0 0 0

Seasonal credit 91 + 11 + 21 91

Term Asset-Backed Securities Loan Facility7 258 - 6 - 4,298 258

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,418 - 1 - 999 1,414

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 46 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 12,867 22

Net portfolio holdings of TALF LLC11 281 0 - 564 281

Float -806 - 171 + 61 -900

Central bank liquidity swaps12 1,679 + 199 - 26,290 1,679

Other Federal Reserve assets13 25,281 + 455 + 2,173 25,747

Foreign currency denominated assets14 23,481 - 244 - 1,763 23,414

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,153 + 14 + 636 45,153

Total factors supplying reserve funds 3,529,773 + 1,807 + 625,700 3,534,933

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

Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Wednesday

Jul 3, 2013

Currency in circulation15 1,196,138 + 5,597 + 82,216 1,202,128

Reverse repurchase agreements16 93,496 + 4,917 + 7,166 91,871

Foreign official and international accounts 93,496 + 4,917 + 7,166 91,871

Others 0 0 0 0

Treasury cash holdings 122 + 5 + 5 127

Deposits with F.R. Banks, other than reserve balances 154,751 - 49,473 + 24,159 126,327

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 118,745 + 21,533 + 17,916 106,048

Foreign official 10,050 + 17 + 8,466 10,030

Service-related 0 0 - 1,892 0

Required clearing balances 0 0 - 1,892 0

Adjustments to compensate for float 0 0 0 0

Other 25,956 - 71,023 - 331 10,249

Other liabilities and capital17 61,930 - 820 - 11,026 62,497

Total factors, other than reserve balances,

absorbing reserve funds 1,506,437 - 39,775 + 102,520 1,482,950

Reserve balances with Federal Reserve Banks 2,023,336 + 41,582 + 523,180 2,051,984

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

Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Wednesday

Jul 3, 2013

Securities held in custody for foreign official and international

accounts 3,285,148 - 5,249 + 166,072 3,281,945

Marketable U.S. Treasury securities1 2,945,967 - 2,519 + 204,783 2,942,680

Federal agency debt and mortgage-backed securities2 300,685 - 2,834 - 39,720 300,674

Other securities3 38,496 + 105 + 1,009 38,591

Securities lent to dealers 17,716 - 2,288 + 3,439 12,423

Overnight facility4 17,716 - 2,288 + 3,439 12,423

U.S. Treasury securities 16,625 - 2,545 + 3,020 11,485

Federal agency debt securities 1,091 + 257 + 419 938

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, July 3, 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 32 74 0 258 0 ... 364

U.S. Treasury securities2

Holdings 1 4 342 567,212 870,969 504,149 1,942,678

Weekly changes 0 + 1 - 1 + 19,967 - 8,633 + 2,928 + 14,262

Federal agency debt securities3

Holdings 2,659 5,869 16,993 41,250 62 2,347 69,180

Weekly changes + 1,181 + 341 - 3,000 0 0 0 - 1,478

Mortgage-backed securities4

Holdings 0 0 0 1 2,635 1,205,499 1,208,136

Weekly changes 0 0 0 0 + 10 + 10 + 20

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 227 1,452 0 0 0 0 1,679

Reverse repurchase agreements6 91,871 0 ... ... ... ... 91,871

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 Jul 3, 2013

Mortgage-backed securities held outright1 1,208,136

Commitments to buy mortgage-backed securities2 93,482

Commitments to sell mortgage-backed securities2 200

Cash and cash equivalents3 49

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 Jul 3, 2013

Net portfolio holdings of Maiden Lane LLC1 1,414

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 Jul 3, 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 Jul 3, 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 Jul 3, 2013

Asset-backed securities holdings1 0

Other investments, net 281

Net portfolio holdings of TALF LLC 281

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

Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,962 - 18 - 143

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,421,819 + 12,782 + 667,062

Securities held outright1 3,219,993 + 12,804 + 607,104

U.S. Treasury securities 1,942,678 + 14,262 + 276,303

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,847,054 + 14,254 + 276,864

Notes and bonds, inflation-indexed2 83,026 0 + 15,111

Inflation compensation3 12,598 + 9 + 2,751

Federal agency debt securities2 69,180 - 1,478 - 22,304

Mortgage-backed securities4 1,208,136 + 20 + 353,106

Unamortized premiums on securities held outright5 203,877 + 94 + 64,464

Unamortized discounts on securities held outright5 -2,415 - 95 - 288

Repurchase agreements6 0 0 0

Loans 364 - 20 - 4,218

Net portfolio holdings of Maiden Lane LLC7 1,414 - 4 - 1,003

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 46

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 12,924

Net portfolio holdings of TALF LLC10 281 0 - 564

Items in process of collection (0) 104 - 4 - 164

Bank premises 2,291 - 8 - 66

Central bank liquidity swaps11 1,679 + 199 - 26,290

Foreign currency denominated assets12 23,414 - 228 - 1,818

Other assets13 23,456 + 1,351 + 2,749

Total assets (0) 3,492,742 + 14,070 + 626,884

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

Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,159,060 + 8,725 + 83,148

Reverse repurchase agreements14 91,871 + 3,178 + 3,908

Deposits (0) 2,178,311 + 757 + 551,416

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,051,984 + 34,255 + 544,035

U.S. Treasury, General Account 106,048 + 11,777 + 8,540

Foreign official 10,030 + 16 + 8,442

Other (0) 10,249 - 45,291 - 9,600

Deferred availability cash items (0) 1,004 + 132 - 420

Other liabilities and accrued dividends15 7,512 + 1,270 - 11,480

Total liabilities (0) 3,437,758 + 14,062 + 626,572

Capital accounts

Capital paid in 27,492 + 4 + 156

Surplus 27,492 + 4 + 156

Other capital accounts 0 0 0

Total capital 54,985 + 8 + 313

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, July 3, 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 1,962 32 84 120 133 344 185 289 29 49 159 192 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,421,819 89,468 1,897,595 99,136 87,380 212,749 227,298 184,911 55,068 32,491 64,746 132,868 338,108

Securities held outright1 3,219,993 84,200 1,785,618 93,297 82,235 200,222 213,900 173,997 51,811 30,555 60,919 125,040 318,200

U.S. Treasury securities 1,942,678 50,799 1,077,294 56,288 49,614 120,797 129,050 104,975 31,258 18,434 36,753 75,439 191,975

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

Notes and bonds3 1,942,678 50,799 1,077,294 56,288 49,614 120,797 129,050 104,975 31,258 18,434 36,753 75,439 191,975

Federal agency debt securities2 69,180 1,809 38,363 2,004 1,767 4,302 4,596 3,738 1,113 656 1,309 2,686 6,836

Mortgage-backed securities4 1,208,136 31,592 669,961 35,005 30,855 75,123 80,255 65,283 19,439 11,464 22,857 46,915 119,388

Unamortized premiums on securities 

held outright5 203,877 5,331 113,058 5,907 5,207 12,677 13,543 11,017 3,280 1,935 3,857 7,917 20,147

Unamortized discounts on securities 

held outright5 -2,415 -63 -1,339 -70 -62 -150 -160 -131 -39 -23 -46 -94 -239

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

Loans 364 0 258 2 0 0 15 28 16 24 16 5 0

Net portfolio holdings of Maiden

Lane LLC7 1,414 0 1,414 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 281 0 281 0 0 0 0 0 0 0 0 0 0

Items in process of collection 104 0 0 0 0 0 102 0 0 2 0 0 0

Bank premises 2,291 120 427 72 113 229 212 200 128 101 250 234 206

Central bank liquidity swaps11 1,679 82 537 130 131 353 96 48 14 7 17 27 238

Foreign currency denominated assets12 23,414 1,151 7,487 1,811 1,826 4,916 1,334 668 195 98 237 371 3,320

Other assets13 23,456 647 12,598 688 616 1,646 1,587 1,268 419 287 466 937 2,298

Interdistrict settlement account 0 - 19,361 + 246,110 - 24,227 - 17,671 - 31,192 - 34,037 - 45,037 - 11,643 - 12,947 - 20,618 - 35,838 + 6,461

Total assets 3,492,742 72,725 2,172,362 78,337 73,277 190,313 198,851 143,563 44,670 20,367 45,720 99,802 352,756

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, July 3, 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 1,461,218 46,697 553,379 46,001 60,648 110,069 180,981 95,189 36,800 23,461 38,964 107,118 161,911

Less: Notes held by F.R. Banks 302,158 12,561 92,109 7,323 8,623 12,245 33,898 18,838 4,071 10,586 12,778 56,195 32,930

Federal Reserve notes, net 1,159,060 34,136 461,270 38,678 52,026 97,825 147,083 76,351 32,728 12,875 26,185 50,923 128,980

Reverse repurchase agreements14 91,871 2,402 50,946 2,662 2,346 5,713 6,103 4,964 1,478 872 1,738 3,568 9,079

Deposits 2,178,311 33,411 1,638,050 32,572 14,363 74,758 41,178 60,381 9,837 6,117 17,088 44,131 206,424

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 2,051,984 33,407 1,511,914 32,535 14,360 74,680 41,166 60,346 9,837 6,116 17,087 44,129 206,408

U.S. Treasury, General Account 106,048 0 106,048 0 0 0 0 0 0 0 0 0 0

Foreign official 10,030 2 10,003 3 3 8 2 1 0 0 0 1 6

Other 10,249 3 10,085 35 0 69 10 34 0 0 1 1 10

Deferred availability cash items 1,004 0 0 0 0 0 873 0 0 131 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,630 34 972 36 25 60 117 95 28 15 34 68 145

Other liabilities and accrued

dividends16 5,882 143 3,577 163 170 427 304 261 135 124 111 191 277

Total liabilities 3,437,758 70,128 2,154,815 74,111 68,931 178,782 195,657 142,052 44,206 20,134 45,156 98,881 344,905

Capital

Capital paid in 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 282 460 3,926

Surplus 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 282 460 3,926

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

Total liabilities and capital 3,492,742 72,725 2,172,362 78,337 73,277 190,313 198,851 143,563 44,670 20,367 45,720 99,802 352,756

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, July 3, 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 Jul 3, 2013

Federal Reserve notes outstanding 1,461,218

Less: Notes held by F.R. Banks not subject to collateralization 302,158

Federal Reserve notes to be collateralized 1,159,060

Collateral held against Federal Reserve notes 1,159,060

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,142,823

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,219,993

Less: Face value of securities under reverse repurchase agreements 85,880

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,134,114

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.