FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

April 18, 2013

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository

Institutions and Condition Statement of Federal Reserve Banks,” has been modified to separately

present the amount of unamortized premiums and unamortized discounts on securities held

outright, as well as the amount of foreign currency denominated asset holdings.

The amounts shown in table 1 of this release as “Unamortized premiums on securities held

outright” and “Foreign currency denominated assets” were previously included as components of

“Other Federal Reserve assets.” The footnote accompanying “Other Federal Reserve assets” in

table 1 has been updated to identify the remaining major components, which include accrued

interest, other accounts receivable, and bank premises. The amount shown in table 1 of this

release as “Unamortized discounts on securities held outright” was previously included as a

component of “Other liabilities and capital.” The release also reflects this additional detail on

tables 8 and 9.

Historical data incorporating these new and revised line items 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 April 18, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Apr 17, 2013 Apr 10, 2013 Apr 18, 2012

Wednesday

Apr 17, 2013

Reserve Bank credit 3,240,951 + 60,369 + 403,101 3,252,240

Securities held outright1 3,012,539 + 57,608 + 382,202 3,023,213

U.S. Treasury securities 1,819,657 + 8,093 + 144,655 1,825,042

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,727,728 + 6,635 + 148,431 1,733,049

Notes and bonds, inflation-indexed2 80,277 + 999 + 12,174 80,277

Inflation compensation3 11,651 + 459 + 2,472 11,716

Federal agency debt securities2 72,053 - 264 - 23,330 72,053

Mortgage-backed securities4 1,120,829 + 49,779 + 260,877 1,126,119

Unamortized premiums on securities held outright5 194,329 + 2,339 + 69,950 194,674

Unamortized discounts on securities held outright5 -1,669 - 13 + 667 -1,664

Repurchase agreements6 0 0 0 0

Loans 393 - 7 - 6,568 404

Primary credit 2 - 8 - 4 12

Secondary credit 0 0 0 0

Seasonal credit 9 + 1 + 1 10

Term Asset-Backed Securities Loan Facility7 382 0 - 6,565 382

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,404 + 2 - 2,831 1,406

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 45 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 17,309 22

Net portfolio holdings of TALF LLC11 392 0 - 439 392

Float -746 + 151 + 103 -799

Central bank liquidity swaps12 7,552 - 1,199 - 24,819 7,552

Other Federal Reserve assets13 26,672 + 1,490 + 2,100 26,974

Foreign currency denominated assets14 23,611 + 11 - 1,946 23,641

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 44,961 + 14 + 547 44,961

Total factors supplying reserve funds 3,325,764 + 60,394 + 401,702 3,337,082

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

Apr 17, 2013 Apr 10, 2013 Apr 18, 2012

Wednesday

Apr 17, 2013

Currency in circulation15 1,178,405 - 176 + 78,219 1,179,060

Reverse repurchase agreements16 97,141 + 2,967 + 6,300 97,577

Foreign official and international accounts 95,570 + 2,299 + 4,729 97,577

Others 1,571 + 668 + 1,571 0

Treasury cash holdings 198 - 18 + 59 182

Deposits with F.R. Banks, other than reserve balances 123,816 + 41,765 + 27,915 144,246

Term deposits held by depository institutions 0 - 3,045 - 3,057 0

U.S. Treasury, General Account 82,572 + 23,805 + 29,145 121,204

Foreign official 9,883 + 637 + 9,720 9,870

Service-related 0 0 - 1,930 0

Required clearing balances 0 0 - 1,930 0

Adjustments to compensate for float 0 0 0 0

Other 31,361 + 20,367 - 5,962 13,172

Other liabilities and capital17 70,271 + 3,647 - 3,735 66,789

Total factors, other than reserve balances,

absorbing reserve funds 1,469,831 + 48,185 + 108,758 1,487,853

Reserve balances with Federal Reserve Banks 1,855,933 + 12,209 + 292,945 1,849,229

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

Apr 17, 2013 Apr 10, 2013 Apr 18, 2012

Wednesday

Apr 17, 2013

Securities held in custody for foreign official and international

accounts 3,296,264 + 461 + 192,027 3,290,449

Marketable U.S. Treasury securities1 2,958,759 + 2,152 + 267,703 2,953,983

Federal agency debt and mortgage-backed securities2 299,459 - 1,823 - 76,716 298,341

Other securities3 38,046 + 132 + 1,039 38,125

Securities lent to dealers 18,329 - 549 + 4,127 17,046

Overnight facility4 18,329 - 549 + 4,127 17,046

U.S. Treasury securities 17,403 - 495 + 4,018 16,229

Federal agency debt securities 926 - 53 + 109 817

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, April 17, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 22 0 0 382 0 ... 404

U.S. Treasury securities2

Holdings 1 6 307 467,645 889,937 467,146 1,825,042

Weekly changes 0 0 - 1 + 5,602 + 3,356 + 1,603 + 10,560

Federal agency debt securities3

Holdings 0 5,532 19,927 42,203 2,044 2,347 72,053

Weekly changes 0 + 2,659 - 1,910 - 749 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,740 1,123,377 1,126,119

Weekly changes 0 0 0 0 + 141 + 54,895 + 55,035

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 303 7,249 0 0 0 0 7,552

Reverse repurchase agreements6 97,577 0 ... ... ... ... 97,577

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 Apr 17, 2013

Mortgage-backed securities held outright1 1,126,119

Commitments to buy mortgage-backed securities2 76,512

Commitments to sell mortgage-backed securities2 2,500

Cash and cash equivalents3 269

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 Apr 17, 2013

Net portfolio holdings of Maiden Lane LLC1 1,406

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 December 31, 2012. 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 Apr 17, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. 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 Apr 17, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. 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 Apr 17, 2013

Asset-backed securities holdings1 0

Other investments, net 392

Net portfolio holdings of TALF LLC 392

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

Apr 17, 2013 Apr 10, 2013 Apr 18, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,069 - 12 - 172

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,216,627 + 67,381 + 464,359

Securities held outright1 3,023,213 + 65,594 + 400,511

U.S. Treasury securities 1,825,042 + 10,560 + 152,901

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,733,049 + 10,385 + 155,671

Notes and bonds, inflation-indexed2 80,277 - 1 + 13,041

Inflation compensation3 11,716 + 175 + 2,612

Federal agency debt securities2 72,053 0 - 23,147

Mortgage-backed securities4 1,126,119 + 55,035 + 270,758

Unamortized premiums on securities held outright5 194,674 + 1,835 + 69,692

Unamortized discounts on securities held outright5 -1,664 - 13 + 701

Repurchase agreements6 0 0 0

Loans 404 - 35 - 6,545

Net portfolio holdings of Maiden Lane LLC7 1,406 + 3 - 2,633

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 45

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,275

Net portfolio holdings of TALF LLC10 392 0 - 439

Items in process of collection (0) 124 + 16 - 153

Bank premises 2,300 + 3 - 54

Central bank liquidity swaps11 7,552 - 1,199 - 24,819

Foreign currency denominated assets12 23,641 + 170 - 1,880

Other assets13 24,675 + 986 + 2,659

Total assets (0) 3,295,109 + 67,347 + 419,639

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

Apr 17, 2013 Apr 10, 2013 Apr 18, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,136,345 - 742 + 77,795

Reverse repurchase agreements14 97,577 + 3,297 + 6,209

Deposits (0) 1,993,475 + 64,031 + 340,200

Term deposits held by depository institutions 0 - 3,045 - 3,057

Other deposits held by depository institutions 1,849,229 - 2,132 + 333,929

U.S. Treasury, General Account 121,204 + 68,717 + 18,111

Foreign official 9,870 + 490 + 9,743

Other (0) 13,172 + 1 - 18,526

Deferred availability cash items (0) 923 + 98 - 222

Other liabilities and accrued dividends15 11,648 + 660 - 5,025

Total liabilities (0) 3,239,968 + 67,345 + 418,957

Capital accounts

Capital paid in 27,571 + 1 + 342

Surplus 27,571 + 1 + 342

Other capital accounts 0 0 0

Total capital 55,141 + 2 + 682

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, April 17, 2013

Millions of dollars

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

Assets

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

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

Coin 2,069 38 104 134 150 368 190 307 26 54 161 191 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,216,627 84,101 1,783,910 93,188 82,139 199,987 213,652 173,802 51,753 30,520 60,852 124,894 317,828

Securities held outright1 3,023,213 79,054 1,676,496 87,595 77,210 187,986 200,828 163,364 48,644 28,688 57,196 117,399 298,754

U.S. Treasury securities 1,825,042 47,723 1,012,060 52,879 46,610 113,483 121,235 98,619 29,365 17,318 34,528 70,871 180,351

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

Notes and bonds3 1,825,042 47,723 1,012,060 52,879 46,610 113,483 121,235 98,619 29,365 17,318 34,528 70,871 180,351

Federal agency debt securities2 72,053 1,884 39,956 2,088 1,840 4,480 4,786 3,893 1,159 684 1,363 2,798 7,120

Mortgage-backed securities4 1,126,119 29,447 624,479 32,628 28,760 70,023 74,807 60,851 18,120 10,686 21,305 43,730 111,283

Unamortized premiums on securities 

held outright5 194,674 5,091 107,955 5,641 4,972 12,105 12,932 10,520 3,132 1,847 3,683 7,560 19,238

Unamortized discounts on securities 

held outright5 -1,664 -44 -923 -48 -42 -103 -111 -90 -27 -16 -31 -65 -164

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

Loans 404 0 382 0 0 0 3 9 3 1 5 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,406 0 1,406 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 392 0 392 0 0 0 0 0 0 0 0 0 0

Items in process of collection 124 0 0 0 0 0 123 0 0 0 0 0 0

Bank premises 2,300 118 428 71 114 229 213 201 129 102 251 236 207

Central bank liquidity swaps11 7,552 371 2,414 584 589 1,586 430 215 63 32 76 120 1,071

Foreign currency denominated assets12 23,641 1,162 7,560 1,828 1,844 4,964 1,346 674 197 99 239 375 3,353

Other assets13 24,675 675 13,371 721 637 1,706 1,637 1,307 434 289 480 1,032 2,386

Interdistrict settlement account 0 - 17,824 + 103,727 - 11,509 - 9,973 - 17,889 - 12,642 - 23,475 - 3,977 - 5,292 - 11,778 - 22,535 + 33,167

Total assets 3,295,109 69,229 1,919,142 85,625 76,249 192,218 207,025 154,249 49,084 26,084 50,744 105,323 360,137

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, April 17, 2013 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,408,559 46,789 532,190 46,521 60,946 103,317 173,578 94,976 36,727 23,489 37,530 98,023 154,473

Less: Notes held by F.R. Banks 272,214 11,773 94,066 4,457 8,670 10,930 31,569 15,024 3,578 7,685 10,609 47,247 26,607

Federal Reserve notes, net 1,136,345 35,016 438,124 42,064 52,276 92,386 142,009 79,952 33,149 15,805 26,922 50,777 127,866

Reverse repurchase agreements14 97,577 2,552 54,110 2,827 2,492 6,067 6,482 5,273 1,570 926 1,846 3,789 9,643

Deposits 1,993,475 28,783 1,402,524 36,088 16,832 81,248 53,952 66,950 13,690 8,827 21,208 49,456 213,916

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 1,849,229 28,780 1,258,592 36,035 16,829 81,050 53,942 66,923 13,690 8,826 21,206 49,454 213,902

U.S. Treasury, General Account 121,204 0 121,204 0 0 0 0 0 0 0 0 0 0

Foreign official 9,870 2 9,842 3 3 8 2 1 0 0 0 1 6

Other 13,172 1 12,886 50 0 190 8 26 0 0 1 2 9

Deferred availability cash items 923 0 0 0 0 0 799 0 0 124 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,690 42 907 62 22 133 110 120 27 14 33 65 155

Other liabilities and accrued

dividends16 9,958 250 5,954 295 285 720 530 442 185 154 173 318 651

Total liabilities 3,239,968 66,642 1,901,621 81,335 71,907 180,555 203,883 152,737 48,621 25,849 50,181 104,405 352,231

Capital

Capital paid in 27,571 1,293 8,761 2,145 2,171 5,832 1,571 756 232 117 281 459 3,953

Surplus 27,571 1,293 8,761 2,145 2,171 5,832 1,571 756 232 117 281 459 3,953

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

Total liabilities and capital 3,295,109 69,229 1,919,142 85,625 76,249 192,218 207,025 154,249 49,084 26,084 50,744 105,323 360,137

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, April 17, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Apr 17, 2013

Federal Reserve notes outstanding 1,408,559

Less: Notes held by F.R. Banks not subject to collateralization 272,214

Federal Reserve notes to be collateralized 1,136,345

Collateral held against Federal Reserve notes 1,136,345

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,120,109

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,023,213

Less: Face value of securities under reverse repurchase agreements 93,819

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,929,395

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.