FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 11, 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 10, 2013 Jul 3, 2013 Jul 11, 2012

Wednesday

Jul 10, 2013

Reserve Bank credit 3,456,317 + 11,419 + 634,281 3,461,796

Securities held outright1 3,225,347 + 10,213 + 614,870 3,229,861

U.S. Treasury securities 1,948,028 + 10,419 + 284,079 1,952,529

Bills2 0 0 - 14,641 0

Notes and bonds, nominal2 1,852,385 + 10,385 + 281,036 1,856,872

Notes and bonds, inflation-indexed2 83,026 0 + 14,922 83,026

Inflation compensation3 12,617 + 34 + 2,762 12,631

Federal agency debt securities2 69,180 - 211 - 22,304 69,180

Mortgage-backed securities4 1,208,139 + 5 + 353,095 1,208,152

Unamortized premiums on securities held outright5 203,868 + 114 + 64,243 203,957

Unamortized discounts on securities held outright5 -2,467 - 68 - 347 -2,511

Repurchase agreements6 0 - 87 0 0

Loans 360 - 25 - 4,232 369

Primary credit 14 - 22 + 6 25

Secondary credit 0 0 0 0

Seasonal credit 91 0 + 11 93

Term Asset-Backed Securities Loan Facility7 255 - 3 - 4,249 251

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,414 - 4 - 1,004 1,415

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 12,930 22

Net portfolio holdings of TALF LLC11 270 - 11 - 575 268

Float -904 - 98 - 155 -783

Central bank liquidity swaps12 1,507 - 172 - 28,201 1,479

Other Federal Reserve assets13 26,837 + 1,556 + 2,568 27,656

Foreign currency denominated assets14 23,170 - 311 - 1,725 23,216

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,167 + 14 + 638 45,167

Total factors supplying reserve funds 3,540,895 + 11,122 + 633,195 3,546,420

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 10, 2013 Jul 3, 2013 Jul 11, 2012

Wednesday

Jul 10, 2013

Currency in circulation15 1,201,070 + 4,932 + 83,958 1,199,941

Reverse repurchase agreements16 89,735 - 3,761 - 192 85,903

Foreign official and international accounts 89,735 - 3,761 - 192 85,903

Others 0 0 0 0

Treasury cash holdings 126 + 4 + 9 118

Deposits with F.R. Banks, other than reserve balances 117,054 - 37,697 + 3,406 115,983

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 88,690 - 30,055 + 2,290 75,254

Foreign official 9,958 - 92 + 7,966 9,944

Service-related 0 0 - 1,892 0

Required clearing balances 0 0 - 1,892 0

Adjustments to compensate for float 0 0 0 0

Other 18,406 - 7,550 - 4,957 30,785

Other liabilities and capital17 62,320 + 390 - 10,574 61,422

Total factors, other than reserve balances,

absorbing reserve funds 1,470,304 - 36,133 + 76,605 1,463,367

Reserve balances with Federal Reserve Banks 2,070,591 + 47,255 + 556,590 2,083,053

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 10, 2013 Jul 3, 2013 Jul 11, 2012

Wednesday

Jul 10, 2013

Securities held in custody for foreign official and international

accounts 3,284,669 - 479 + 168,106 3,278,832

Marketable U.S. Treasury securities1 2,945,694 - 273 + 206,420 2,939,918

Federal agency debt and mortgage-backed securities2 300,494 - 191 - 39,267 300,590

Other securities3 38,481 - 15 + 952 38,324

Securities lent to dealers 11,884 - 5,832 - 1,093 11,418

Overnight facility4 11,884 - 5,832 - 1,093 11,418

U.S. Treasury securities 10,965 - 5,660 - 1,292 10,568

Federal agency debt securities 919 - 172 + 200 850

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 10, 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 49 69 0 251 0 ... 369

U.S. Treasury securities2

Holdings 1 4 342 569,878 876,672 505,632 1,952,529

Weekly changes 0 0 0 + 2,666 + 5,703 + 1,483 + 9,851

Federal agency debt securities3

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,635 1,205,515 1,208,152

Weekly changes 0 0 0 0 0 + 16 + 16

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 85,903 0 ... ... ... ... 85,903

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 10, 2013

Mortgage-backed securities held outright1 1,208,152

Commitments to buy mortgage-backed securities2 106,766

Commitments to sell mortgage-backed securities2 200

Cash and cash equivalents3 36

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 10, 2013

Net portfolio holdings of Maiden Lane LLC1 1,415

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 10, 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 10, 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 10, 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) extends loans with a term of up to

five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and

businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the

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

loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value

of the security.

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

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

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the

following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the

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

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 10, 2013 Jul 3, 2013 Jul 11, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,968 + 6 - 129

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,431,675 + 9,856 + 679,622

Securities held outright1 3,229,861 + 9,868 + 620,686

U.S. Treasury securities 1,952,529 + 9,851 + 289,892

Bills2 0 0 - 14,641

Notes and bonds, nominal2 1,856,872 + 9,818 + 288,091

Notes and bonds, inflation-indexed2 83,026 0 + 13,789

Inflation compensation3 12,631 + 33 + 2,653

Federal agency debt securities2 69,180 0 - 22,304

Mortgage-backed securities4 1,208,152 + 16 + 353,098

Unamortized premiums on securities held outright5 203,957 + 80 + 63,562

Unamortized discounts on securities held outright5 -2,511 - 96 - 404

Repurchase agreements6 0 0 0

Loans 369 + 5 - 4,221

Net portfolio holdings of Maiden Lane LLC7 1,415 + 1 - 1,008

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 12,965

Net portfolio holdings of TALF LLC10 268 - 13 - 577

Items in process of collection (0) 95 - 9 - 29

Bank premises 2,294 + 3 - 64

Central bank liquidity swaps11 1,479 - 200 - 28,229

Foreign currency denominated assets12 23,216 - 198 - 1,622

Other assets13 25,363 + 1,907 + 2,773

Total assets (0) 3,504,095 + 11,353 + 637,816

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 10, 2013 Jul 3, 2013 Jul 11, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,156,856 - 2,204 + 83,124

Reverse repurchase agreements14 85,903 - 5,968 - 3,786

Deposits (0) 2,199,036 + 20,725 + 568,802

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,083,053 + 31,069 + 555,497

U.S. Treasury, General Account 75,254 - 30,794 - 33

Foreign official 9,944 - 86 + 7,378

Other (0) 30,785 + 20,536 + 5,960

Deferred availability cash items (0) 879 - 125 - 76

Other liabilities and accrued dividends15 6,439 - 1,073 - 10,557

Total liabilities (0) 3,449,112 + 11,354 + 637,507

Capital accounts

Capital paid in 27,492 0 + 155

Surplus 27,492 0 + 155

Other capital accounts 0 0 0

Total capital 54,983 - 2 + 309

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 10, 2013

Millions of dollars

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

Assets

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

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

Coin 1,968 33 85 120 135 346 186 289 29 50 158 193 344

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,431,675 89,725 1,903,051 99,423 87,632 213,381 227,954 185,442 55,220 32,585 64,930 133,251 339,082

Securities held outright1 3,229,861 84,458 1,791,090 93,583 82,487 200,835 214,555 174,530 51,969 30,649 61,105 125,423 319,175

U.S. Treasury securities 1,952,529 51,057 1,082,757 56,573 49,866 121,410 129,704 105,508 31,417 18,528 36,940 75,822 192,949

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

Notes and bonds3 1,952,529 51,057 1,082,757 56,573 49,866 121,410 129,704 105,508 31,417 18,528 36,940 75,822 192,949

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

Mortgage-backed securities4 1,208,152 31,592 669,970 35,005 30,855 75,124 80,256 65,284 19,440 11,464 22,857 46,915 119,389

Unamortized premiums on securities 

held outright5 203,957 5,333 113,102 5,910 5,209 12,682 13,549 11,021 3,282 1,935 3,859 7,920 20,155

Unamortized discounts on securities 

held outright5 -2,511 -66 -1,393 -73 -64 -156 -167 -136 -40 -24 -48 -98 -248

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

Loans 369 0 251 3 0 20 17 26 9 24 13 5 1

Net portfolio holdings of Maiden

Lane LLC7 1,415 0 1,415 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 95 0 0 0 0 0 94 0 0 1 0 0 0

Bank premises 2,294 120 429 72 113 229 212 200 128 101 250 234 206

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

Foreign currency denominated assets12 23,216 1,141 7,423 1,795 1,811 4,875 1,322 662 194 97 235 368 3,293

Other assets13 25,363 699 13,645 742 663 1,761 1,722 1,368 448 299 499 1,034 2,482

Interdistrict settlement account 0 - 27,654 + 253,670 - 27,063 - 20,083 - 23,072 - 36,191 - 43,669 - 12,653 - 13,494 - 21,070 - 37,975 + 9,253

Total assets 3,504,095 64,724 2,186,289 75,810 71,135 199,099 197,459 145,550 43,839 19,925 45,479 98,138 356,650

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 10, 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 1,464,335 46,671 552,967 46,045 60,741 110,598 181,510 95,445 36,868 23,450 39,040 108,899 162,100

Less: Notes held by F.R. Banks 307,479 12,677 92,416 7,566 9,299 12,606 34,241 19,335 4,172 10,770 12,777 57,444 34,178

Federal Reserve notes, net 1,156,856 33,994 460,551 38,479 51,442 97,992 147,270 76,111 32,696 12,680 26,263 51,455 127,922

Reverse repurchase agreements14 85,903 2,246 47,637 2,489 2,194 5,341 5,706 4,642 1,382 815 1,625 3,336 8,489

Deposits 2,199,036 25,705 1,657,002 30,423 12,957 83,745 40,098 62,945 9,139 5,973 16,890 42,178 211,982

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 2,083,053 25,702 1,541,208 30,386 12,954 83,669 40,086 62,909 9,138 5,972 16,887 42,176 211,966

U.S. Treasury, General Account 75,254 0 75,254 0 0 0 0 0 0 0 0 0 0

Foreign official 9,944 2 9,917 3 3 8 2 1 0 0 0 1 6

Other 30,785 2 30,623 35 0 68 10 35 0 0 2 1 10

Deferred availability cash items 879 0 0 0 0 0 792 0 0 87 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,241 26 731 26 21 46 94 77 20 12 24 53 111

Other liabilities and accrued

dividends16 5,198 154 2,821 167 175 443 305 264 137 125 115 196 295

Total liabilities 3,449,112 62,126 2,168,741 71,584 66,789 187,568 194,265 144,038 43,375 19,692 44,916 97,217 348,799

Capital

Capital paid in 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,926

Surplus 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,926

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

Total liabilities and capital 3,504,095 64,724 2,186,289 75,810 71,135 199,099 197,459 145,550 43,839 19,925 45,479 98,138 356,650

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 10, 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 10, 2013

Federal Reserve notes outstanding 1,464,335

Less: Notes held by F.R. Banks not subject to collateralization 307,479

Federal Reserve notes to be collateralized 1,156,856

Collateral held against Federal Reserve notes 1,156,856

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,140,619

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,229,861

Less: Face value of securities under reverse repurchase agreements 80,125

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,149,736

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.