FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 18, 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 17, 2013 Jul 10, 2013 Jul 18, 2012

Wednesday

Jul 17, 2013

Reserve Bank credit 3,477,581 + 21,264 + 643,961 3,495,279

Securities held outright1 3,245,013 + 19,666 + 632,416 3,262,730

U.S. Treasury securities 1,958,687 + 10,659 + 304,292 1,961,671

Bills2 0 0 - 8,356 0

Notes and bonds, nominal2 1,861,660 + 9,275 + 294,739 1,864,405

Notes and bonds, inflation-indexed2 84,209 + 1,183 + 15,037 84,406

Inflation compensation3 12,819 + 202 + 2,873 12,860

Federal agency debt securities2 66,975 - 2,205 - 24,314 66,521

Mortgage-backed securities4 1,219,350 + 11,211 + 352,437 1,234,537

Unamortized premiums on securities held outright5 204,241 + 373 + 62,787 204,508

Unamortized discounts on securities held outright5 -2,749 - 282 - 665 -2,913

Repurchase agreements6 0 0 0 0

Loans 365 + 5 - 4,259 365

Primary credit 13 - 1 - 52 17

Secondary credit 0 0 0 0

Seasonal credit 110 + 19 + 16 107

Term Asset-Backed Securities Loan Facility7 242 - 13 - 4,223 240

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,415 + 1 - 951 1,414

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 11,743 22

Net portfolio holdings of TALF LLC11 268 - 2 - 577 268

Float -779 + 125 - 130 -733

Central bank liquidity swaps12 1,479 - 28 - 29,073 1,479

Other Federal Reserve assets13 28,243 + 1,406 - 3,887 28,076

Foreign currency denominated assets14 23,518 + 348 - 1,407 23,524

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,183 + 14 + 643 45,183

Total factors supplying reserve funds 3,562,524 + 21,627 + 643,198 3,580,228

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 17, 2013 Jul 10, 2013 Jul 18, 2012

Wednesday

Jul 17, 2013

Currency in circulation15 1,196,414 - 4,658 + 83,346 1,195,673

Reverse repurchase agreements16 92,425 + 2,690 + 1,510 88,519

Foreign official and international accounts 92,425 + 2,690 + 1,510 88,519

Others 0 0 0 0

Treasury cash holdings 119 - 7 + 3 127

Deposits with F.R. Banks, other than reserve balances 117,815 + 761 + 19,018 92,172

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 70,158 - 18,532 + 7,137 67,165

Foreign official 9,944 - 14 + 7,376 9,944

Service-related 0 0 0 0

Required clearing balances 0 0 0 0

Adjustments to compensate for float 0 0 0 0

Other 37,714 + 19,308 + 4,507 15,064

Other liabilities and capital17 63,461 + 1,141 - 9,658 63,300

Total factors, other than reserve balances,

absorbing reserve funds 1,470,234 - 72 + 94,219 1,439,791

Reserve balances with Federal Reserve Banks 2,092,289 + 21,698 + 548,978 2,140,437

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 17, 2013 Jul 10, 2013 Jul 18, 2012

Wednesday

Jul 17, 2013

Securities held in custody for foreign official and international

accounts 3,278,283 - 6,386 + 160,210 3,273,222

Marketable U.S. Treasury securities1 2,942,013 - 3,681 + 198,528 2,939,560

Federal agency debt and mortgage-backed securities2 298,661 - 1,833 - 38,529 296,901

Other securities3 37,609 - 872 + 210 36,761

Securities lent to dealers 10,606 - 1,278 - 852 13,003

Overnight facility4 10,606 - 1,278 - 852 13,003

U.S. Treasury securities 9,831 - 1,134 - 889 12,285

Federal agency debt securities 775 - 144 + 37 718

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 17, 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 113 11 0 240 0 ... 365

U.S. Treasury securities2

Holdings 1 3 342 570,934 879,318 511,073 1,961,671

Weekly changes 0 - 1 0 + 1,056 + 2,646 + 5,441 + 9,142

Federal agency debt securities3

Holdings 0 6,356 17,515 40,241 62 2,347 66,521

Weekly changes - 2,659 + 487 + 522 - 1,009 0 0 - 2,659

Mortgage-backed securities4

Holdings 0 0 0 1 2,617 1,231,918 1,234,537

Weekly changes 0 0 0 0 - 18 + 26,403 + 26,385

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 27 1,452 0 0 0 0 1,479

Reverse repurchase agreements6 88,519 0 ... ... ... ... 88,519

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 17, 2013

Mortgage-backed securities held outright1 1,234,537

Commitments to buy mortgage-backed securities2 87,358

Commitments to sell mortgage-backed securities2 1,150

Cash and cash equivalents3 70

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 17, 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 17, 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 17, 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 17, 2013

Asset-backed securities holdings1 0

Other investments, net 268

Net portfolio holdings of TALF LLC 268

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 17, 2013 Jul 10, 2013 Jul 18, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,978 + 10 - 125

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,464,688 + 33,013 + 717,076

Securities held outright1 3,262,730 + 32,869 + 659,992

U.S. Treasury securities 1,961,671 + 9,142 + 312,977

Bills2 0 0 - 8,356

Notes and bonds, nominal2 1,864,405 + 7,533 + 303,067

Notes and bonds, inflation-indexed2 84,406 + 1,380 + 15,320

Inflation compensation3 12,860 + 229 + 2,946

Federal agency debt securities2 66,521 - 2,659 - 24,508

Mortgage-backed securities4 1,234,537 + 26,385 + 371,522

Unamortized premiums on securities held outright5 204,508 + 551 + 62,134

Unamortized discounts on securities held outright5 -2,913 - 402 - 845

Repurchase agreements6 0 0 0

Loans 365 - 4 - 4,203

Net portfolio holdings of Maiden Lane LLC7 1,414 - 1 - 614

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 6,142

Net portfolio holdings of TALF LLC10 268 0 - 577

Items in process of collection (0) 110 + 15 - 39

Bank premises 2,294 0 - 65

Central bank liquidity swaps11 1,479 0 - 29,073

Foreign currency denominated assets12 23,524 + 308 - 1,471

Other assets13 25,783 + 420 + 3,038

Total assets (0) 3,537,861 + 33,766 + 682,054

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 17, 2013 Jul 10, 2013 Jul 18, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,152,591 - 4,265 + 82,373

Reverse repurchase agreements14 88,519 + 2,616 + 525

Deposits (0) 2,232,609 + 33,573 + 602,026

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,140,437 + 57,384 + 603,150

U.S. Treasury, General Account 67,165 - 8,089 + 8,495

Foreign official 9,944 0 + 7,368

Other (0) 15,064 - 15,721 - 16,986

Deferred availability cash items (0) 843 - 36 - 85

Other liabilities and accrued dividends15 8,269 + 1,830 - 3,138

Total liabilities (0) 3,482,830 + 33,718 + 681,700

Capital accounts

Capital paid in 27,516 + 24 + 178

Surplus 27,516 + 24 + 178

Other capital accounts 0 0 0

Total capital 55,031 + 48 + 355

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 17, 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 1,978 33 86 120 136 340 200 289 28 49 158 196 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,464,688 90,589 1,921,350 100,376 88,475 215,414 230,150 187,233 55,757 32,897 65,559 134,533 342,355

Securities held outright1 3,262,730 85,317 1,809,317 94,535 83,327 202,879 216,739 176,306 52,498 30,961 61,727 126,700 322,423

U.S. Treasury securities 1,961,671 51,296 1,087,827 56,838 50,099 121,978 130,311 106,002 31,564 18,615 37,113 76,177 193,852

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

Notes and bonds3 1,961,671 51,296 1,087,827 56,838 50,099 121,978 130,311 106,002 31,564 18,615 37,113 76,177 193,852

Federal agency debt securities2 66,521 1,739 36,889 1,927 1,699 4,136 4,419 3,595 1,070 631 1,259 2,583 6,574

Mortgage-backed securities4 1,234,537 32,282 684,601 35,770 31,529 76,765 82,009 66,710 19,864 11,715 23,356 47,940 121,997

Unamortized premiums on securities 

held outright5 204,508 5,348 113,408 5,925 5,223 12,716 13,585 11,051 3,291 1,941 3,869 7,942 20,209

Unamortized discounts on securities 

held outright5 -2,913 -76 -1,616 -84 -74 -181 -194 -157 -47 -28 -55 -113 -288

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

Loans 365 0 241 0 0 0 19 33 15 24 17 5 10

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 268 0 268 0 0 0 0 0 0 0 0 0 0

Items in process of collection 110 0 0 0 0 0 109 0 0 0 0 0 0

Bank premises 2,294 120 429 72 113 229 212 201 128 101 250 234 206

Central bank liquidity swaps11 1,479 73 473 114 115 311 84 42 12 6 15 23 210

Foreign currency denominated assets12 23,524 1,156 7,522 1,819 1,835 4,940 1,340 671 196 99 238 373 3,336

Other assets13 25,783 712 13,872 758 674 1,789 1,722 1,386 455 308 510 1,073 2,524

Interdistrict settlement account 0 - 27,711 + 266,773 - 28,786 - 20,137 - 31,237 - 38,674 - 42,782 - 13,574 - 13,775 - 21,389 - 37,099 + 8,391

Total assets 3,537,861 65,558 2,218,018 75,081 71,959 193,054 197,217 148,254 43,463 19,965 45,802 100,344 359,145

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 17, 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 1,469,618 46,698 552,401 46,015 61,063 111,180 181,524 95,715 37,029 23,436 39,498 111,519 163,541

Less: Notes held by F.R. Banks 317,027 13,121 93,535 8,068 9,759 13,417 34,808 20,340 4,576 10,829 13,238 59,361 35,975

Federal Reserve notes, net 1,152,591 33,578 458,866 37,947 51,303 97,763 146,716 75,376 32,453 12,607 26,260 52,158 127,566

Reverse repurchase agreements14 88,519 2,315 49,087 2,565 2,261 5,504 5,880 4,783 1,424 840 1,675 3,437 8,747

Deposits 2,232,609 26,856 1,687,554 30,101 13,804 77,649 40,266 66,219 8,957 6,023 17,157 43,561 214,461

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 2,140,437 26,852 1,595,556 30,066 13,801 77,587 40,254 66,183 8,957 6,023 17,155 43,558 214,446

U.S. Treasury, General Account 67,165 0 67,165 0 0 0 0 0 0 0 0 0 0

Foreign official 9,944 2 9,916 3 3 8 2 1 0 0 0 1 6

Other 15,064 2 14,917 32 0 53 10 35 0 0 1 3 10

Deferred availability cash items 843 0 0 0 0 0 725 0 0 118 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,731 54 918 62 62 148 108 87 26 14 29 62 163

Other liabilities and accrued

dividends16 6,537 158 4,046 180 184 459 330 279 139 131 119 205 309

Total liabilities 3,482,830 62,960 2,200,471 70,856 67,614 181,523 194,024 146,743 42,999 19,732 45,240 99,424 351,246

Capital

Capital paid in 27,516 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,950

Surplus 27,516 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,950

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

Total liabilities and capital 3,537,861 65,558 2,218,018 75,081 71,959 193,054 197,217 148,254 43,463 19,965 45,802 100,344 359,145

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 17, 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 17, 2013

Federal Reserve notes outstanding 1,469,618

Less: Notes held by F.R. Banks not subject to collateralization 317,027

Federal Reserve notes to be collateralized 1,152,591

Collateral held against Federal Reserve notes 1,152,591

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,136,354

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,262,730

Less: Face value of securities under reverse repurchase agreements 81,204

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,181,526

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.