FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT 

June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. 

Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected 

to include securities pledged as collateral for tri-party reverse repurchase agreements. 

The revised data are reported at the following 

link: http://www.federalreserve.gov/releases/h41/2014update.htm. 

Historical data incorporating this correction can be accessed through the Data Download Program 

(DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks September 26, 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

Sep 25, 2013 Sep 18, 2013 Sep 26, 2012

Wednesday

Sep 25, 2013

Reserve Bank credit 3,695,015 + 22,589 + 926,050 3,690,974

Securities held outright1 3,470,384 + 21,626 + 894,557 3,467,660

U.S. Treasury securities 2,056,784 + 9,250 + 413,626 2,062,004

Bills2 0 0 0 0

Notes and bonds, nominal2 1,956,248 + 9,241 + 394,850 1,961,465

Notes and bonds, inflation-indexed2 87,209 0 + 15,425 87,209

Inflation compensation3 13,327 + 10 + 3,350 13,330

Federal agency debt securities2 63,652 - 322 - 21,118 63,652

Mortgage-backed securities4 1,349,949 + 12,699 + 502,050 1,342,004

Unamortized premiums on securities held outright5 204,303 + 469 + 50,374 204,083

Unamortized discounts on securities held outright5 -6,686 - 390 - 4,931 -6,922

Repurchase agreements6 0 0 0 0

Loans 272 - 14 - 1,456 268

Primary credit 20 - 10 - 23 14

Secondary credit 0 0 0 0

Seasonal credit 151 - 3 + 24 153

Term Asset-Backed Securities Loan Facility7 101 - 1 - 1,457 101

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,496 - 2 - 240 1,493

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 444 22

Net portfolio holdings of TALF LLC11 112 0 - 741 112

Float -572 + 96 + 21 -592

Central bank liquidity swaps12 263 + 1 - 14,430 263

Other Federal Reserve assets13 25,357 + 802 + 3,338 24,524

Foreign currency denominated assets14 24,060 + 238 - 1,806 24,122

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,315 + 14 + 690 45,315

Total factors supplying reserve funds 3,780,631 + 22,840 + 924,935 3,776,653

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

Sep 25, 2013 Sep 18, 2013 Sep 26, 2012

Wednesday

Sep 25, 2013

Currency in circulation15 1,204,496 - 578 + 78,490 1,205,955

Reverse repurchase agreements16 99,734 + 6,906 + 8,503 103,170

Foreign official and international accounts 95,340 + 2,512 + 4,109 96,926

Others 4,395 + 4,395 + 4,395 6,244

Treasury cash holdings 154 + 10 + 43 167

Deposits with F.R. Banks, other than reserve balances 132,367 + 31,975 - 14,698 95,975

Term deposits held by depository institutions 11,662 0 + 8,622 11,662

U.S. Treasury, General Account 44,991 - 3,108 - 28,248 46,017

Foreign official 8,877 + 137 + 3,316 8,877

Other 66,837 + 34,945 + 1,612 29,418

Other liabilities and capital17 65,277 - 694 - 1,116 64,373

Total factors, other than reserve balances,

absorbing reserve funds 1,502,028 + 37,620 + 71,222 1,469,640

Reserve balances with Federal Reserve Banks 2,278,603 - 14,780 + 853,713 2,307,012

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. The current face value shown is the remaining principal balance of

the securities.

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

Sep 25, 2013 Sep 18, 2013 Sep 26, 2012

Wednesday

Sep 25, 2013

Securities held in custody for foreign official and international

accounts 3,289,073 + 9,997 + 105,374 3,285,130

Marketable U.S. Treasury securities1 2,931,008 + 4,916 + 119,465 2,928,556

Federal agency debt and mortgage-backed securities2 320,104 + 5,152 - 14,051 318,495

Other securities3 37,962 - 70 - 40 38,078

Securities lent to dealers 22,618 + 4,959 + 14,468 21,495

Overnight facility4 22,618 + 4,959 + 14,468 21,495

U.S. Treasury securities 21,821 + 5,132 + 14,266 20,667

Federal agency debt securities 797 - 173 + 202 828

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

securities.

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, September 25, 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 153 15 49 52 0 ... 268

U.S. Treasury securities2

Holdings 2 4 385 646,634 881,740 533,240 2,062,004

Weekly changes 0 0 0 + 1 + 6,998 + 2,950 + 9,949

Federal agency debt securities3

Holdings 3,000 3,431 17,215 37,597 62 2,347 63,652

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 2 2,552 1,339,450 1,342,004

Weekly changes 0 0 0 0 - 44 + 2,278 + 2,233

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 104 159 0 0 0 0 263

Reverse repurchase agreements6 103,170 0 ... ... ... ... 103,170

Term deposits 11,662 0 0 ... ... ... 11,662

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. The current face value shown is the remaining principal balance of the securities.

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 Sep 25, 2013

Mortgage-backed securities held outright1 1,342,004

Commitments to buy mortgage-backed securities2 72,576

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 77

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

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 Sep 25, 2013

Net portfolio holdings of Maiden Lane LLC1 1,493

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Sep 25, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Sep 25, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Sep 25, 2013

Asset-backed securities holdings1 0

Other investments, net 112

Net portfolio holdings of TALF LLC 112

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

Sep 25, 2013 Sep 18, 2013 Sep 26, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,999 - 2 - 184

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,665,089 + 11,671 + 943,873

Securities held outright1 3,467,660 + 12,182 + 900,873

U.S. Treasury securities 2,062,004 + 9,949 + 413,601

Bills2 0 0 0

Notes and bonds, nominal2 1,961,465 + 9,940 + 394,811

Notes and bonds, inflation-indexed2 87,209 0 + 15,425

Inflation compensation3 13,330 + 9 + 3,365

Federal agency debt securities2 63,652 0 - 19,753

Mortgage-backed securities4 1,342,004 + 2,233 + 507,025

Unamortized premiums on securities held outright5 204,083 + 6 + 49,656

Unamortized discounts on securities held outright5 -6,922 - 483 - 5,192

Repurchase agreements6 0 0 0

Loans 268 - 34 - 1,464

Net portfolio holdings of Maiden Lane LLC7 1,493 - 3 - 227

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 3

Net portfolio holdings of TALF LLC10 112 0 - 741

Items in process of collection (0) 93 - 31 - 45

Bank premises 2,290 + 4 - 60

Central bank liquidity swaps11 263 + 1 - 14,430

Foreign currency denominated assets12 24,122 + 242 - 1,686

Other assets13 22,234 - 54 + 3,061

Total assets (0) 3,734,018 + 11,826 + 929,561

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

Sep 25, 2013 Sep 18, 2013 Sep 26, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,162,802 + 957 + 76,994

Reverse repurchase agreements14 103,170 + 10,150 + 13,634

Deposits (0) 2,402,987 + 294 + 839,526

Term deposits held by depository institutions 11,662 0 + 8,622

Other deposits held by depository institutions 2,307,013 + 52,981 + 836,477

U.S. Treasury, General Account 46,017 - 14,897 - 19,648

Foreign official 8,877 + 3 + 3,317

Other (0) 29,418 - 37,793 + 10,758

Deferred availability cash items (0) 685 - 91 - 94

Other liabilities and accrued dividends15 9,491 + 509 - 664

Total liabilities (0) 3,679,136 + 11,821 + 929,397

Capital accounts

Capital paid in 27,441 + 3 + 82

Surplus 27,441 + 3 + 82

Other capital accounts 0 0 0

Total capital 54,882 + 6 + 164

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. The current face value shown is the remaining principal balance of the securities.

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, September 25, 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 1,999 34 90 128 136 343 207 287 27 48 160 191 349

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,665,089 95,831 2,032,394 106,193 93,596 227,882 243,471 198,050 58,999 34,832 69,358 142,326 362,157

Securities held outright1 3,467,660 90,676 1,922,960 100,473 88,561 215,622 230,352 187,380 55,796 32,905 65,604 134,658 342,674

U.S. Treasury securities 2,062,004 53,919 1,143,466 59,745 52,661 128,217 136,976 111,423 33,178 19,567 39,011 80,073 203,767

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

Notes and bonds3 2,062,004 53,919 1,143,466 59,745 52,661 128,217 136,976 111,423 33,178 19,567 39,011 80,073 203,767

Federal agency debt securities2 63,652 1,664 35,298 1,844 1,626 3,958 4,228 3,440 1,024 604 1,204 2,472 6,290

Mortgage-backed securities4 1,342,004 35,092 744,196 38,884 34,273 83,447 89,148 72,517 21,593 12,735 25,389 52,113 132,617

Unamortized premiums on securities 

held outright5 204,083 5,337 113,172 5,913 5,212 12,690 13,557 11,028 3,284 1,937 3,861 7,925 20,167

Unamortized discounts on securities 

held outright5 -6,922 -181 -3,839 -201 -177 -430 -460 -374 -111 -66 -131 -269 -684

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

Loans 268 0 101 8 0 0 22 16 31 55 23 12 0

Net portfolio holdings of Maiden

Lane LLC7 1,493 0 1,493 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 112 0 112 0 0 0 0 0 0 0 0 0 0

Items in process of collection 93 0 0 0 0 0 92 0 0 1 0 0 0

Bank premises 2,290 118 430 72 112 228 212 203 127 100 249 233 205

Central bank liquidity swaps11 263 13 84 20 21 55 15 8 2 1 3 4 37

Foreign currency denominated assets12 24,122 1,185 7,713 1,866 1,881 5,065 1,374 688 201 101 244 383 3,421

Other assets13 22,234 614 11,913 652 576 1,556 1,492 1,195 390 271 442 959 2,173

Interdistrict settlement account 0 - 23,806 + 293,821 - 29,837 - 18,286 - 27,079 - 51,193 - 57,923 - 16,975 - 15,187 - 25,246 - 34,900 + 6,611

Total assets 3,734,018 74,578 2,353,879 79,702 78,784 209,318 197,744 143,724 43,231 20,447 45,670 110,206 376,734

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, September 25, 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 1,485,640 46,806 545,661 44,965 62,368 112,765 182,307 96,018 37,384 23,501 39,181 121,894 172,790

Less: Notes held by F.R. Banks 322,838 12,682 85,352 9,303 10,504 14,898 34,663 23,868 4,918 10,849 13,286 60,288 42,227

Federal Reserve notes, net 1,162,802 34,124 460,309 35,662 51,865 97,867 147,644 72,150 32,467 12,652 25,895 61,605 130,562

Reverse repurchase agreements14 103,170 2,698 57,212 2,989 2,635 6,415 6,853 5,575 1,660 979 1,952 4,006 10,195

Deposits 2,402,987 34,903 1,813,493 36,569 19,629 92,871 38,898 64,039 8,450 6,329 17,083 43,360 227,361

Term deposits held by depository

institutions 11,662 0 8,130 750 0 30 710 1,100 10 77 150 105 600

Other deposits held by depository

institutions 2,307,013 34,900 1,721,408 35,784 19,626 92,580 38,177 62,915 8,440 6,252 16,932 43,251 226,748

U.S. Treasury, General Account 46,017 0 46,017 0 0 0 0 0 0 0 0 0 0

Foreign official 8,877 2 8,850 3 3 8 2 1 0 0 0 1 6

Other 29,418 1 29,088 32 0 253 10 23 0 0 1 3 7

Deferred availability cash items 685 0 0 0 0 0 589 0 0 96 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,711 48 888 61 56 137 116 93 25 15 30 61 180

Other liabilities and accrued

dividends16 7,779 204 4,500 243 242 596 442 354 164 143 147 260 483

Total liabilities 3,679,136 71,978 2,336,403 75,524 74,426 197,886 194,543 142,211 42,767 20,214 45,108 109,294 368,782

Capital

Capital paid in 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 456 3,976

Surplus 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 456 3,976

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

Total liabilities and capital 3,734,018 74,578 2,353,879 79,702 78,784 209,318 197,744 143,724 43,231 20,447 45,670 110,206 376,734

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, September 25, 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. The current face value shown is the remaining principal balance of the securities.

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 Sep 25, 2013

Federal Reserve notes outstanding 1,485,640

Less: Notes held by F.R. Banks not subject to collateralization 322,838

Federal Reserve notes to be collateralized 1,162,802

Collateral held against Federal Reserve notes 1,162,802

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,146,565

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,467,660

Less: Face value of securities under reverse repurchase agreements 93,484

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,374,176

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.