FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 16, 2013


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 15, 2013 
Federal Reserve Banks                                     May 15, 2013  May 8, 2013 May 16, 2012              

Reserve Bank credit                                         3,303,259   +   26,802   +  490,755    3,311,764  
  Securities held outright (1)                              3,069,109   +   25,025   +  460,280    3,087,056  
    U.S. Treasury securities                                1,860,584   +   10,099   +  199,637    1,864,508  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,766,691   +    8,566   +  201,164    1,770,349  
      Notes and bonds, inflation-indexed (2)                   81,450   +    1,173   +   13,796       81,646  
      Inflation compensation (3)                               12,442   +      359   +    3,099       12,513  
    Federal agency debt securities (2)                         72,053            0   -   22,402       72,053  
    Mortgage-backed securities (4)                          1,136,472   +   14,926   +  283,046    1,150,494  
  Unamortized premiums on securities held outright (5)        198,031   +    1,452   +   68,954      199,053  
  Unamortized discounts on securities held outright (5)        -1,667   -       17   +      639       -1,672  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           422            0   -    6,007          426  
    Primary credit                                                  6   -        3   -        4            9  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                38   +        3   +       10           40  
    Term Asset-Backed Securities Loan Facility (7)                377            0   -    6,014          377  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,430   +        1   -    2,617        1,429  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +       45           64  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -   15,097           22  
  Net portfolio holdings of TALF LLC (11)                         388   -        3   -      448          388  
  Float                                                          -722   +       69   +       87         -748  
  Central bank liquidity swaps (12)                             7,276            0   -   19,174        7,276  
  Other Federal Reserve assets (13)                            28,907   +      275   +    4,094       18,470  
Foreign currency denominated assets (14)                       23,201   -      393   -    2,255       23,003  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,052   +       14   +      592       45,052  
                                                                                                              
Total factors supplying reserve funds                       3,387,753   +   26,423   +  489,092    3,396,059  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 15, 2013 
Federal Reserve Banks                                     May 15, 2013  May 8, 2013 May 16, 2012              

Currency in circulation (15)                                 1,184,642   +    1,076   +   81,376    1,186,196 
Reverse repurchase agreements (16)                              91,576   +       59   -    1,817       89,385 
  Foreign official and international accounts                   91,576   +       59   -    1,817       89,385 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             171   -       11   +       35          162 
Deposits with F.R. Banks, other than reserve balances          127,962   -   39,127   +    1,759      104,075 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                89,999   -   54,072   -    9,877       69,489 
  Foreign official                                              10,405   +      267   +   10,251       10,868 
  Service-related                                                    0            0   -    1,906            0 
    Required clearing balances                                       0            0   -    1,906            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         27,557   +   14,676   +    3,291       23,717 
Other liabilities and capital (17)                              66,396   +      637   -    7,611       63,946 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,470,746   -   37,367   +   73,742    1,443,763 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,917,007   +   63,790   +  415,350    1,952,297 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 15, 2013 
                                                          May 15, 2013  May 8, 2013 May 16, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,299,019   +    2,039   +  201,117    3,312,888 
  Marketable U.S. Treasury securities (1)                    2,948,065   +    1,281   +  250,589    2,965,056 
  Federal agency debt and mortgage-backed securities (2)       312,276   +      799   -   51,013      309,362 
  Other securities (3)                                          38,678   -       42   +    1,542       38,469 
Securities lent to dealers                                      20,648   -    1,593   +    7,678       25,730 
  Overnight facility (4)                                        20,648   -    1,593   +    7,678       25,730 
    U.S. Treasury securities                                    19,748   -    1,597   +    7,458       24,771 
    Federal agency debt securities                                 899   +        3   +      219          959 

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, May 15, 2013        

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       12            37             0           377             0           ...           426 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0             5           308       516,337       867,351       480,507     1,864,508 
  Weekly changes                        -        2             0             0    +   25,032    -   17,967    +    3,111    +   10,174 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,163         4,369        22,439        39,691         2,044         2,347        72,053 
  Weekly changes                        +    1,163    -    1,163    +      883    -      883             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             1             1         2,695     1,147,798     1,150,494 
  Weekly changes                                 0             0             0             0    -       17    +   28,961    +   28,942 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)             6,798           478             0             0             0             0         7,276 
                                                                                                                                       
Reverse repurchase agreements (6)           89,385             0           ...           ...           ...           ...        89,385 
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 15, 2013  

Mortgage-backed securities held outright (1)                                                                             1,150,494  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           85,893  
Commitments to sell mortgage-backed securities (2)                                                                           1,800  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



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
Account name                                                                                                            Wednesday   
                                                                                                                      May 15, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,429  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      May 15, 2013  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                64  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 15, 2013  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      May 15, 2013  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         388  
Net portfolio holdings of TALF LLC                                                                                             388  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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.                                                                  




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 15, 2013   Wednesday    Wednesday  
                                                        consolidation                 May 8, 2013 May 16, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        2,021   -       11   -      178  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,284,863   +   41,310   +  541,996  
    Securities held outright (1)                                          3,087,056   +   39,118   +  477,868  
      U.S. Treasury securities                                            1,864,508   +   10,174   +  207,715  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,770,349   +    8,395   +  209,024  
        Notes and bonds, inflation-indexed (2)                               81,646   +    1,369   +   13,992  
        Inflation compensation (3)                                           12,513   +      410   +    3,121  
      Federal agency debt securities (2)                                     72,053            0   -   22,113  
      Mortgage-backed securities (4)                                      1,150,494   +   28,942   +  292,265  
    Unamortized premiums on securities held outright  
    (5)                                                                     199,053   +    2,200   +   69,452  
    Unamortized discounts on securities held outright 
    (5)                                                                      -1,672   -       15   +      644  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       426   +        8   -    5,967  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,429   -        1   -    2,424  
  Net portfolio holdings of Maiden Lane II LLC (8)                               64            0   +       45  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0   -   15,097  
  Net portfolio holdings of TALF LLC (10)                                       388            0   -      448  
  Items in process of collection                                   (0)          497   -        3   +      323  
  Bank premises                                                               2,297   +        1   -       70  
  Central bank liquidity swaps (11)                                           7,276            0   -   19,174  
  Foreign currency denominated assets (12)                                   23,003   -      669   -    2,247  
  Other assets (13)                                                          16,173   -   10,972   +      562  
                                                                                                               
Total assets                                                       (0)    3,354,269   +   29,654   +  503,285  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 15, 2013   Wednesday    Wednesday  
                                                        consolidation                 May 8, 2013 May 16, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,143,322   +      791   +   81,679 
  Reverse repurchase agreements (14)                                          89,385   +    1,164   -    1,637 
  Deposits                                                          (0)    2,056,372   +   28,659   +  431,389 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,952,297   +   82,634   +  436,595 
    U.S. Treasury, General Account                                            69,489   -   64,131   -   31,546 
    Foreign official                                                          10,868   +      763   +   10,728 
    Other                                                           (0)       23,717   +    9,392   +   15,611 
  Deferred availability cash items                                  (0)        1,245   -      103   +      246 
  Other liabilities and accrued dividends (15)                                 8,753   -      879   -    8,935 
                                                                                                               
Total liabilities                                                   (0)    3,299,076   +   29,631   +  502,741 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,596   +       11   +      271 
  Surplus                                                                     27,596   +       11   +      271 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,193   +       22   +      544 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, May 15, 2013
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 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                                             2,021          39          97          129         140         356         184         302          29          51         162         191         341
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,284,863      85,888   1,821,732       95,164      83,881     204,229     218,181     177,490      52,856      31,180      62,151     127,543     324,568
    Securities held outright (1)               3,087,056      80,723   1,711,899       89,445      78,840     191,956     205,069     166,814      49,672      29,294      58,404     119,878     305,063
      U.S. Treasury securities                 1,864,508      48,755   1,033,946       54,023      47,618     115,937     123,857     100,751      30,000      17,693      35,274      72,403     184,251
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,864,508      48,755   1,033,946       54,023      47,618     115,937     123,857     100,751      30,000      17,693      35,274      72,403     184,251
      Federal agency debt securities (2)          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 securities (4)           1,150,494      30,084     637,996       33,335      29,382      71,539      76,426      62,169      18,512      10,917      21,766      44,677     113,692
    Unamortized premiums on securities held 
      outright (5)                               199,053       5,205     110,383        5,767       5,084      12,377      13,223      10,756       3,203       1,889       3,766       7,730      19,670
    Unamortized discounts on securities     
      held outright (5)                           -1,672         -44        -927          -48         -43        -104        -111         -90         -27         -16         -32         -65        -165
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            426           3         377            0           0           0           0          10           8          14          13           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,429           0       1,429            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  64           0          64            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            388           0         388            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     497           0           0            0           0           0         496           0           0           1           0           0           0
  Bank premises                                    2,297         118         427           72         114         229         213         201         129         102         250         236         207
  Central bank liquidity swaps (11)                7,276         358       2,326          563         568       1,528         414         207          61          30          74         115       1,032
  Foreign currency denominated assets (12)        23,003       1,130       7,356        1,779       1,794       4,830       1,310         656         192          96         233         365       3,262
  Other assets (13)                               16,173         452       8,489          611         423       1,184       1,081         862         282         209         322         689       1,570
  Interdistrict settlement account                     0  -   24,092  +  171,552   -   14,320  -   11,244  -   10,925  -   24,628  -   29,387  -    7,069  -    8,976  -   16,546  -   30,864  +    6,498
                                                                                                                                                                                                         
Total assets                                   3,354,269      64,479   2,019,625       84,605      76,424     202,699     199,326     151,548      46,940      22,972      47,108      99,284     339,259

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, May 15, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,423,157      46,490     542,377      46,367      60,663     106,914     173,521      94,913      36,654      23,333      38,332      98,658     154,934
    Less: Notes held by F.R. Banks               279,834      12,321      87,981       5,439       9,173      11,438      31,999      15,730       3,940       9,121      12,095      49,773      30,825
      Federal Reserve notes, net               1,143,322      34,170     454,397      40,928      51,490      95,475     141,522      79,183      32,714      14,212      26,237      48,885     124,110
  Reverse repurchase agreements (14)              89,385       2,337      49,567       2,590       2,283       5,558       5,938       4,830       1,438         848       1,691       3,471       8,833
  Deposits                                     2,056,372      25,127   1,493,629      36,512      18,023      89,296      46,960      65,522      12,121       7,411      18,420      45,645     197,704
    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                           1,952,297      25,125   1,389,820      36,474      18,020      89,131      46,950      65,495      12,121       7,411      18,419      45,642     197,690
    U.S. Treasury, General Account                69,489           0      69,489           0           0           0           0           0           0           0           0           0           0
    Foreign official                              10,868           2      10,841           3           3           8           2           1           0           0           0           1           6
    Other                                         23,717           1      23,478          35           0         157           8          26           0           0           1           2           9
  Deferred availability cash items                 1,245           0           7           0           0           0       1,137           0           0         101           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                           672          -7         512         -12         -13         -35          50          52          13          13          20          43          37
  Other liabilities and accrued             
     dividends (16)                                8,081         255       3,987         298         295         739         542         448         191         158         176         322         669
                                                                                                                                                                                                        
Total liabilities                              3,299,076      61,883   2,002,098      80,316      72,079     191,034     196,149     150,036      46,476      22,743      46,544      98,366     331,353
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,596       1,298       8,763       2,144       2,173       5,833       1,589         756         232         115         282         459       3,953
  Surplus                                         27,596       1,298       8,763       2,144       2,173       5,833       1,589         756         232         115         282         459       3,953
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,354,269      64,479   2,019,625      84,605      76,424     202,699     199,326     151,548      46,940      22,972      47,108      99,284     339,259

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, May 15, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 15, 2013  

Federal Reserve notes outstanding                                                            1,423,157  
  Less: Notes held by F.R. Banks not subject to collateralization                              279,834  
    Federal Reserve notes to be collateralized                                               1,143,322  
Collateral held against Federal Reserve notes                                                1,143,322  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,127,085  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,087,056  
  Less: Face value of securities under reverse repurchase agreements                            79,468  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,007,588  

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.