FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 19, 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 18, 2013 Sep 11, 2013 Sep 19, 2012

Wednesday

Sep 18, 2013

Reserve Bank credit 3,672,426 + 56,429 + 892,761 3,679,297

Securities held outright1 3,448,758 + 54,582 + 862,091 3,455,478

U.S. Treasury securities 2,047,534 + 9,253 + 404,071 2,052,055

Bills2 0 0 0 0

Notes and bonds, nominal2 1,947,007 + 7,972 + 385,335 1,951,525

Notes and bonds, inflation-indexed2 87,209 + 1,191 + 15,425 87,209

Inflation compensation3 13,317 + 89 + 3,309 13,321

Federal agency debt securities2 63,974 - 456 - 23,188 63,652

Mortgage-backed securities4 1,337,250 + 45,784 + 481,208 1,339,771

Unamortized premiums on securities held outright5 203,834 + 686 + 50,855 204,077

Unamortized discounts on securities held outright5 -6,296 - 590 - 4,542 -6,439

Repurchase agreements6 0 0 0 0

Loans 286 + 13 - 1,527 302

Primary credit 30 + 12 + 17 51

Secondary credit 0 0 0 0

Seasonal credit 154 + 1 + 33 149

Term Asset-Backed Securities Loan Facility7 102 0 - 1,577 102

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,498 + 5 - 394 1,496

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1,563 22

Net portfolio holdings of TALF LLC11 112 - 12 - 739 112

Float -668 + 101 - 6 -651

Central bank liquidity swaps12 262 - 58 - 14,480 262

Other Federal Reserve assets13 24,555 + 1,703 + 3,063 24,575

Foreign currency denominated assets14 23,822 + 152 - 2,160 23,880

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,301 + 14 + 687 45,301

Total factors supplying reserve funds 3,757,791 + 56,596 + 891,289 3,764,720

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 18, 2013 Sep 11, 2013 Sep 19, 2012

Wednesday

Sep 18, 2013

Currency in circulation15 1,205,074 - 2,441 + 80,013 1,204,998

Reverse repurchase agreements16 92,828 + 240 - 2,262 93,020

Foreign official and international accounts 92,828 + 240 - 977 93,020

Others 0 0 - 1,286 0

Treasury cash holdings 144 + 2 + 36 152

Deposits with F.R. Banks, other than reserve balances 100,392 + 28,444 - 25,289 148,661

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

U.S. Treasury, General Account 48,099 + 9,548 - 16,617 60,914

Foreign official 8,740 - 254 + 3,180 8,874

Other 31,892 + 7,489 - 20,473 67,211

Other liabilities and capital17 65,971 + 2,798 - 1,275 63,858

Total factors, other than reserve balances,

absorbing reserve funds 1,464,408 + 29,043 + 51,221 1,510,688

Reserve balances with Federal Reserve Banks 2,293,383 + 27,552 + 840,068 2,254,032

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 18, 2013 Sep 11, 2013 Sep 19, 2012

Wednesday

Sep 18, 2013

Securities held in custody for foreign official and international

accounts 3,279,076 + 2,599 + 103,433 3,285,062

Marketable U.S. Treasury securities1 2,926,092 + 1,943 + 121,097 2,933,265

Federal agency debt and mortgage-backed securities2 314,952 + 139 - 17,035 313,728

Other securities3 38,032 + 517 - 629 38,068

Securities lent to dealers 17,659 + 5,561 + 11,116 23,995

Overnight facility4 17,659 + 5,561 + 11,116 23,995

U.S. Treasury securities 16,689 + 5,424 + 10,896 23,003

Federal agency debt securities 970 + 137 + 221 992

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 18, 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 177 23 29 73 0 ... 302

U.S. Treasury securities2

Holdings 2 4 385 646,633 874,742 530,290 2,052,055

Weekly changes + 2 - 1 0 + 1 + 7,056 + 3,911 + 10,967

Federal agency debt securities3

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

Weekly changes + 2,436 - 1,849 + 405 - 1,556 0 0 - 564

Mortgage-backed securities4

Holdings 0 0 0 2 2,596 1,337,172 1,339,771

Weekly changes 0 0 0 0 - 3 + 48,296 + 48,293

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 76 186 0 0 0 0 262

Reverse repurchase agreements6 93,020 0 ... ... ... ... 93,020

Term deposits 0 11,662 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 18, 2013

Mortgage-backed securities held outright1 1,339,771

Commitments to buy mortgage-backed securities2 70,339

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 83

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 18, 2013

Net portfolio holdings of Maiden Lane LLC1 1,496

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 18, 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 18, 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 18, 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 18, 2013 Sep 11, 2013 Sep 19, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,001 + 9 - 176

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,653,418 + 59,139 + 916,778

Securities held outright1 3,455,478 + 58,696 + 872,140

U.S. Treasury securities 2,052,055 + 10,967 + 405,957

Bills2 0 0 0

Notes and bonds, nominal2 1,951,525 + 10,958 + 387,207

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

Inflation compensation3 13,321 + 9 + 3,325

Federal agency debt securities2 63,652 - 564 - 23,446

Mortgage-backed securities4 1,339,771 + 48,293 + 489,629

Unamortized premiums on securities held outright5 204,077 + 990 + 50,825

Unamortized discounts on securities held outright5 -6,439 - 572 - 4,665

Repurchase agreements6 0 0 0

Loans 302 + 25 - 1,521

Net portfolio holdings of Maiden Lane LLC7 1,496 - 2 - 243

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 1,563

Net portfolio holdings of TALF LLC10 112 0 - 739

Items in process of collection (0) 124 - 1 - 13

Bank premises 2,286 + 2 - 65

Central bank liquidity swaps11 262 - 58 - 14,480

Foreign currency denominated assets12 23,880 + 154 - 2,060

Other assets13 22,288 + 912 + 3,173

Total assets (0) 3,722,192 + 60,157 + 900,618

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 18, 2013 Sep 11, 2013 Sep 19, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,161,845 - 1,625 + 78,538

Reverse repurchase agreements14 93,020 + 856 - 949

Deposits (0) 2,402,693 + 60,284 + 824,284

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

Other deposits held by depository institutions 2,254,032 - 21,610 + 833,397

U.S. Treasury, General Account 60,914 + 30,894 - 14,762

Foreign official 8,874 + 109 + 3,314

Other (0) 67,211 + 39,229 - 6,287

Deferred availability cash items (0) 776 - 108 - 57

Other liabilities and accrued dividends15 8,982 + 760 - 1,231

Total liabilities (0) 3,667,315 + 60,167 + 900,584

Capital accounts

Capital paid in 27,438 - 6 + 16

Surplus 27,438 - 6 + 16

Other capital accounts 0 0 0

Total capital 54,876 - 11 + 33

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 18, 2013

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 2,001 36 89 127 136 342 207 286 28 48 160 192 349

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,653,418 95,525 2,025,905 105,861 93,297 227,154 242,695 197,450 58,809 34,718 69,136 141,866 361,002

Securities held outright1 3,455,478 90,357 1,916,204 100,120 88,249 214,864 229,543 186,722 55,600 32,790 65,374 134,185 341,470

U.S. Treasury securities 2,052,055 53,659 1,137,948 59,457 52,407 127,598 136,315 110,886 33,018 19,472 38,823 79,686 202,784

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

Notes and bonds3 2,052,055 53,659 1,137,948 59,457 52,407 127,598 136,315 110,886 33,018 19,472 38,823 79,686 202,784

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 1,339,771 35,034 742,958 38,819 34,216 83,308 88,999 72,397 21,557 12,713 25,347 52,027 132,396

Unamortized premiums on securities 

held outright5 204,077 5,336 113,169 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 -6,439 -168 -3,571 -187 -164 -400 -428 -348 -104 -61 -122 -250 -636

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

Loans 302 0 102 15 0 1 23 48 29 53 23 7 1

Net portfolio holdings of Maiden

Lane LLC7 1,496 0 1,496 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 124 0 0 0 0 0 124 0 0 0 0 0 0

Bank premises 2,286 118 428 72 112 229 212 201 127 100 249 233 205

Central bank liquidity swaps11 262 13 84 20 20 55 15 7 2 1 3 4 37

Foreign currency denominated assets12 23,880 1,174 7,636 1,847 1,863 5,014 1,360 681 199 100 242 379 3,387

Other assets13 22,288 617 11,954 657 578 1,569 1,493 1,199 391 272 443 934 2,182

Interdistrict settlement account 0 - 25,644 + 287,643 - 30,464 - 18,593 - 17,440 - 49,977 - 59,363 - 16,725 - 14,949 - 25,013 - 35,295 + 5,821

Total assets 3,722,192 72,426 2,341,175 78,728 78,161 218,193 198,203 141,677 43,292 20,571 45,681 109,323 374,763

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 18, 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 1,488,874 46,990 547,138 45,078 62,438 112,699 182,958 96,352 37,486 23,527 39,342 121,927 172,940

Less: Notes held by F.R. Banks 327,028 12,925 88,373 9,386 10,355 15,265 34,973 24,048 5,032 10,884 13,498 60,410 41,880

Federal Reserve notes, net 1,161,845 34,065 458,765 35,692 52,083 97,434 147,985 72,304 32,453 12,643 25,844 61,517 131,060

Reverse repurchase agreements14 93,020 2,432 51,583 2,695 2,376 5,784 6,179 5,026 1,497 883 1,760 3,612 9,192

Deposits 2,402,693 33,075 1,808,531 35,863 19,053 102,807 39,596 62,379 8,684 6,553 17,333 42,945 225,872

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 2,254,032 33,055 1,663,796 35,077 19,050 102,500 38,874 61,255 8,674 6,475 17,181 42,835 225,260

U.S. Treasury, General Account 60,914 0 60,914 0 0 0 0 0 0 0 0 0 0

Foreign official 8,874 2 8,847 3 3 8 2 1 0 0 0 1 6

Other 67,211 19 66,845 33 0 268 10 23 0 0 1 5 7

Deferred availability cash items 776 0 0 0 0 0 675 0 0 100 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,757 49 939 54 51 127 121 91 27 16 32 71 178

Other liabilities and accrued

dividends16 7,225 206 3,883 246 245 608 446 364 166 143 150 265 503

Total liabilities 3,667,315 69,828 2,323,701 74,550 73,808 206,761 195,002 140,164 42,828 20,338 45,118 108,411 366,805

Capital

Capital paid in 27,438 1,299 8,737 2,089 2,176 5,716 1,600 757 232 116 281 456 3,979

Surplus 27,438 1,299 8,737 2,089 2,176 5,716 1,600 757 232 116 281 456 3,979

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

Total liabilities and capital 3,722,192 72,426 2,341,175 78,728 78,161 218,193 198,203 141,677 43,292 20,571 45,681 109,323 374,763

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 18, 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 18, 2013

Federal Reserve notes outstanding 1,488,874

Less: Notes held by F.R. Banks not subject to collateralization 327,028

Federal Reserve notes to be collateralized 1,161,845

Collateral held against Federal Reserve notes 1,161,845

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,145,608

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,455,478

Less: Face value of securities under reverse repurchase agreements 84,210

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,371,268

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.