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

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

May 15, 2013 May 8, 2013 May 16, 2012

Wednesday

May 15, 2013

Reserve Bank credit 3,303,259 + 26,802 + 490,755 3,311,764

Securities held outright1 3,069,109 + 25,025 + 460,280 3,087,056

U.S. Treasury securities 1,860,584 + 10,099 + 199,637 1,864,508

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,766,691 + 8,566 + 201,164 1,770,349

Notes and bonds, inflation-indexed2 81,450 + 1,173 + 13,796 81,646

Inflation compensation3 12,442 + 359 + 3,099 12,513

Federal agency debt securities2 72,053 0 - 22,402 72,053

Mortgage-backed securities4 1,136,472 + 14,926 + 283,046 1,150,494

Unamortized premiums on securities held outright5 198,031 + 1,452 + 68,954 199,053

Unamortized discounts on securities held outright5 -1,667 - 17 + 639 -1,672

Repurchase agreements6 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 Facility7 377 0 - 6,014 377

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,430 + 1 - 2,617 1,429

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 15,097 22

Net portfolio holdings of TALF LLC11 388 - 3 - 448 388

Float -722 + 69 + 87 -748

Central bank liquidity swaps12 7,276 0 - 19,174 7,276

Other Federal Reserve assets13 28,907 + 275 + 4,094 18,470

Foreign currency denominated assets14 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 outstanding15 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.
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

May 15, 2013 May 8, 2013 May 16, 2012

Wednesday

May 15, 2013

Currency in circulation15 1,184,642 + 1,076 + 81,376 1,186,196

Reverse repurchase agreements16 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 capital17 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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

May 15, 2013 May 8, 2013 May 16, 2012

Wednesday

May 15, 2013

Securities held in custody for foreign official and international

accounts 3,299,019 + 2,039 + 201,117 3,312,888

Marketable U.S. Treasury securities1 2,948,065 + 1,281 + 250,589 2,965,056

Federal agency debt and mortgage-backed securities2 312,276 + 799 - 51,013 309,362

Other securities3 38,678 - 42 + 1,542 38,469

Securities lent to dealers 20,648 - 1,593 + 7,678 25,730

Overnight facility4 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

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 12 37 0 377 0 ... 426

U.S. Treasury securities2

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 securities3

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 securities4

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 LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 6,798 478 0 0 0 0 7,276

Reverse repurchase agreements6 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name May 15, 2013

Mortgage-backed securities held outright1 1,150,494

Commitments to buy mortgage-backed securities2 85,893

Commitments to sell mortgage-backed securities2 1,800

Cash and cash equivalents3 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

Wednesday Account name May 15, 2013

Net portfolio holdings of Maiden Lane LLC1 1,429

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name May 15, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name May 15, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name May 15, 2013

Asset-backed securities holdings1 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 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

May 15, 2013 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 outright1 3,087,056 + 39,118 + 477,868

U.S. Treasury securities 1,864,508 + 10,174 + 207,715

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,770,349 + 8,395 + 209,024

Notes and bonds, inflation-indexed2 81,646 + 1,369 + 13,992

Inflation compensation3 12,513 + 410 + 3,121

Federal agency debt securities2 72,053 0 - 22,113

Mortgage-backed securities4 1,150,494 + 28,942 + 292,265

Unamortized premiums on securities held outright5 199,053 + 2,200 + 69,452

Unamortized discounts on securities held outright5 -1,672 - 15 + 644

Repurchase agreements6 0 0 0

Loans 426 + 8 - 5,967

Net portfolio holdings of Maiden Lane LLC7 1,429 - 1 - 2,424

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 15,097

Net portfolio holdings of TALF LLC10 388 0 - 448

Items in process of collection (0) 497 - 3 + 323

Bank premises 2,297 + 1 - 70

Central bank liquidity swaps11 7,276 0 - 19,174

Foreign currency denominated assets12 23,003 - 669 - 2,247

Other assets13 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.
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

May 15, 2013 May 8, 2013 May 16, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,143,322 + 791 + 81,679

Reverse repurchase agreements14 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 dividends15 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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 15, 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 2,021 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 outright1 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

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

Notes and bonds3 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 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 1,150,494 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 outright5 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 outright5 -1,672 -44 -927 -48 -43 -104 -111 -90 -27 -16 -32 -65 -165

Repurchase agreements6 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 LLC7 1,429 0 1,429 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 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 swaps11 7,276 358 2,326 563 568 1,528 414 207 61 30 74 115 1,032

Foreign currency denominated assets12 23,003 1,130 7,356 1,779 1,794 4,830 1,310 656 192 96 233 365 3,262

Other assets13 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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 15, 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 1,423,157 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 agreements14 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. Treasury15 672 -7 512 -12 -13 -35 50 52 13 13 20 43 37

Other liabilities and accrued

dividends16 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.
H.4.1

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).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral 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 pledged1,2 1,127,085

Other assets pledged 0

Memo:

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