FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 30, 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 29, 2013 May 22, 2013 May 30, 2012

Wednesday

May 29, 2013

Reserve Bank credit 3,352,693 + 16,034 + 545,682 3,342,060

Securities held outright1 3,128,758 + 19,241 + 518,071 3,119,382

U.S. Treasury securities 1,881,778 + 11,849 + 218,001 1,883,559

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,787,525 + 11,790 + 219,439 1,789,288

Notes and bonds, inflation-indexed2 81,646 0 + 13,992 81,646

Inflation compensation3 12,607 + 59 + 2,992 12,624

Federal agency debt securities2 71,887 - 166 - 21,365 70,890

Mortgage-backed securities4 1,175,093 + 7,558 + 321,436 1,164,934

Unamortized premiums on securities held outright5 201,010 + 778 + 68,831 200,824

Unamortized discounts on securities held outright5 -1,722 - 46 + 572 -1,724

Repurchase agreements6 0 0 0 0

Loans 382 - 56 - 5,280 418

Primary credit 10 - 13 - 9 47

Secondary credit 0 0 0 0

Seasonal credit 51 + 5 + 20 49

Term Asset-Backed Securities Loan Facility7 321 - 48 - 5,291 321

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,428 - 1 - 2,444 1,424

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 15,145 22

Net portfolio holdings of TALF LLC11 388 0 - 453 388

Float -663 + 56 - 10 -1,112

Central bank liquidity swaps12 1,771 - 5,506 - 20,397 1,771

Other Federal Reserve assets13 21,254 + 1,567 + 1,892 20,603

Foreign currency denominated assets14 23,183 + 212 - 1,958 23,238

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,080 + 14 + 606 45,080

Total factors supplying reserve funds 3,437,196 + 16,260 + 544,330 3,426,619

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 29, 2013 May 22, 2013 May 30, 2012

Wednesday

May 29, 2013

Currency in circulation15 1,190,732 + 4,929 + 82,209 1,192,301

Reverse repurchase agreements16 86,575 - 3,595 - 3,745 88,177

Foreign official and international accounts 86,575 - 3,595 - 3,745 88,177

Others 0 0 0 0

Treasury cash holdings 152 - 8 + 10 152

Deposits with F.R. Banks, other than reserve balances 116,132 - 1,920 + 18,392 60,744

Term deposits held by depository institutions 10,496 + 10,496 + 7,443 10,496

U.S. Treasury, General Account 13,502 - 19,731 - 54,302 14,298

Foreign official 11,031 + 82 + 10,901 11,024

Service-related 0 0 - 1,903 0

Required clearing balances 0 0 - 1,903 0

Adjustments to compensate for float 0 0 0 0

Other 81,102 + 7,232 + 56,251 24,925

Other liabilities and capital17 64,405 - 656 - 8,826 62,656

Total factors, other than reserve balances,

absorbing reserve funds 1,457,996 - 1,250 + 88,040 1,404,030

Reserve balances with Federal Reserve Banks 1,979,200 + 17,510 + 456,290 2,022,589

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 29, 2013 May 22, 2013 May 30, 2012

Wednesday

May 29, 2013

Securities held in custody for foreign official and international

accounts 3,314,859 + 3,153 + 200,827 3,317,119

Marketable U.S. Treasury securities1 2,972,117 + 8,765 + 265,056 2,976,377

Federal agency debt and mortgage-backed securities2 304,519 - 5,389 - 65,005 302,659

Other securities3 38,223 - 223 + 775 38,083

Securities lent to dealers 21,242 + 829 + 3,988 22,411

Overnight facility4 21,242 + 829 + 3,988 22,411

U.S. Treasury securities 20,111 + 692 + 3,390 21,302

Federal agency debt securities 1,131 + 136 + 598 1,109

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 29, 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 92 4 0 321 0 ... 418

U.S. Treasury securities2

Holdings 1 4 308 520,574 875,579 487,094 1,883,559

Weekly changes 0 0 0 + 7 + 3,661 + 2,737 + 6,405

Federal agency debt securities3

Holdings 0 5,177 21,631 39,691 2,044 2,347 70,890

Weekly changes - 1,163 0 0 0 0 0 - 1,163

Mortgage-backed securities4

Holdings 0 0 1 1 2,692 1,162,240 1,164,934

Weekly changes 0 0 0 0 - 56 - 13,796 - 13,851

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 1,771 0 0 0 0 1,771

Reverse repurchase agreements6 88,177 0 ... ... ... ... 88,177

Term deposits 0 10,496 0 ... ... ... 10,496

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 29, 2013

Mortgage-backed securities held outright1 1,164,934

Commitments to buy mortgage-backed securities2 80,845

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 141

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 29, 2013

Net portfolio holdings of Maiden Lane LLC1 1,424

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 29, 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 29, 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 29, 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 29, 2013 May 22, 2013 May 30, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,966 - 35 - 176

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,318,900 - 8,887 + 581,992

Securities held outright1 3,119,382 - 8,610 + 517,706

U.S. Treasury securities 1,883,559 + 6,405 + 226,884

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,789,288 + 6,349 + 228,345

Notes and bonds, inflation-indexed2 81,646 0 + 13,992

Inflation compensation3 12,624 + 55 + 2,969

Federal agency debt securities2 70,890 - 1,163 - 22,362

Mortgage-backed securities4 1,164,934 - 13,851 + 313,184

Unamortized premiums on securities held outright5 200,824 - 276 + 68,816

Unamortized discounts on securities held outright5 -1,724 - 30 + 562

Repurchase agreements6 0 0 0

Loans 418 + 29 - 5,091

Net portfolio holdings of Maiden Lane LLC7 1,424 - 5 - 2,454

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 15,235

Net portfolio holdings of TALF LLC10 388 0 - 453

Items in process of collection (0) 515 + 80 + 273

Bank premises 2,304 + 2 - 65

Central bank liquidity swaps11 1,771 - 5,506 - 20,397

Foreign currency denominated assets12 23,238 + 321 - 1,887

Other assets13 18,299 + 445 + 831

Total assets (0) 3,385,128 - 13,585 + 542,474

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 29, 2013 May 22, 2013 May 30, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,149,335 + 4,079 + 81,185

Reverse repurchase agreements14 88,177 + 1,484 - 5,349

Deposits (0) 2,083,333 - 17,903 + 476,016

Term deposits held by depository institutions 10,496 + 10,496 + 7,443

Other deposits held by depository institutions 2,022,589 + 47,411 + 496,501

U.S. Treasury, General Account 14,298 - 10,908 - 53,297

Foreign official 11,024 + 65 + 10,889

Other (0) 24,925 - 64,968 + 14,479

Deferred availability cash items (0) 1,627 + 460 + 293

Other liabilities and accrued dividends15 7,451 - 1,706 - 10,218

Total liabilities (0) 3,329,923 - 13,587 + 541,926

Capital accounts

Capital paid in 27,602 0 + 273

Surplus 27,602 0 + 273

Other capital accounts 0 0 0

Total capital 55,205 + 2 + 548

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 29, 2013

Millions of dollars

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

Assets

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

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

Coin 1,966 36 92 123 133 347 182 291 25 49 158 191 339

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,318,900 86,777 1,840,556 96,151 84,751 206,346 220,446 179,376 53,404 31,503 62,791 128,867 327,932

Securities held outright1 3,119,382 81,569 1,729,825 90,382 79,666 193,966 207,216 168,560 50,192 29,600 59,015 121,133 308,257

U.S. Treasury securities 1,883,559 49,253 1,044,510 54,575 48,104 117,121 125,122 101,781 30,307 17,873 35,635 73,143 186,133

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

Notes and bonds3 1,883,559 49,253 1,044,510 54,575 48,104 117,121 125,122 101,781 30,307 17,873 35,635 73,143 186,133

Federal agency debt securities2 70,890 1,854 39,311 2,054 1,810 4,408 4,709 3,831 1,141 673 1,341 2,753 7,005

Mortgage-backed securities4 1,164,934 30,462 646,004 33,753 29,751 72,437 77,385 62,949 18,744 11,054 22,039 45,237 115,119

Unamortized premiums on securities 

held outright5 200,824 5,251 111,365 5,819 5,129 12,487 13,340 10,852 3,231 1,906 3,799 7,798 19,845

Unamortized discounts on securities 

held outright5 -1,724 -45 -956 -50 -44 -107 -115 -93 -28 -16 -33 -67 -170

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

Loans 418 2 321 0 0 0 4 56 9 13 9 2 0

Net portfolio holdings of Maiden

Lane LLC7 1,424 0 1,424 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 515 0 0 0 0 0 514 0 0 0 0 0 0

Bank premises 2,304 120 432 72 114 229 213 202 129 102 250 236 207

Central bank liquidity swaps11 1,771 87 566 137 138 372 101 50 15 7 18 28 251

Foreign currency denominated assets12 23,238 1,142 7,431 1,797 1,812 4,879 1,324 663 194 97 235 369 3,296

Other assets13 18,299 507 9,645 671 477 1,300 1,227 975 316 229 362 816 1,774

Interdistrict settlement account 0 - 14,291 + 194,909 - 18,132 - 13,772 - 8,165 - 31,731 - 33,084 - 9,733 - 10,425 - 18,788 - 31,094 - 5,693

Total assets 3,385,128 74,964 2,061,272 81,426 74,401 206,577 194,350 149,689 44,809 21,842 45,489 100,423 329,886

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 29, 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 1,429,218 46,091 549,095 46,076 60,135 107,365 173,141 94,194 36,336 23,246 38,431 99,322 155,784

Less: Notes held by F.R. Banks 279,883 11,982 88,742 6,038 8,601 11,273 31,402 15,657 3,677 9,584 12,362 49,178 31,386

Federal Reserve notes, net 1,149,335 34,109 460,353 40,038 51,534 96,091 141,740 78,538 32,659 13,662 26,069 50,144 124,398

Reverse repurchase agreements14 88,177 2,306 48,898 2,555 2,252 5,483 5,858 4,765 1,419 837 1,668 3,424 8,714

Deposits 2,083,333 35,666 1,531,671 34,195 15,927 92,461 41,513 64,387 10,072 6,768 16,995 45,586 188,092

Term deposits held by depository

institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250

Other deposits held by depository

institutions 2,022,589 35,538 1,474,818 33,306 15,923 92,279 40,797 64,097 10,072 6,673 16,784 45,476 186,827

U.S. Treasury, General Account 14,298 0 14,298 0 0 0 0 0 0 0 0 0 0

Foreign official 11,024 2 10,997 3 3 8 2 1 0 0 0 1 6

Other 24,925 31 24,667 36 0 134 9 34 0 0 1 4 9

Deferred availability cash items 1,627 0 0 0 0 0 1,452 0 0 175 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,551 48 782 43 59 142 110 78 23 13 28 56 170

Other liabilities and accrued

dividends16 5,900 239 2,039 306 284 734 501 409 172 153 165 295 602

Total liabilities 3,329,923 72,368 2,043,743 77,136 70,055 194,912 191,174 148,176 44,346 21,608 44,925 99,505 321,975

Capital

Capital paid in 27,602 1,298 8,764 2,145 2,173 5,833 1,588 756 232 117 282 459 3,956

Surplus 27,602 1,298 8,764 2,145 2,173 5,833 1,588 756 232 117 282 459 3,956

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

Total liabilities and capital 3,385,128 74,964 2,061,272 81,426 74,401 206,577 194,350 149,689 44,809 21,842 45,489 100,423 329,886

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 29, 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 29, 2013

Federal Reserve notes outstanding 1,429,218

Less: Notes held by F.R. Banks not subject to collateralization 279,883

Federal Reserve notes to be collateralized 1,149,335

Collateral held against Federal Reserve notes 1,149,335

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,133,098

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,119,382

Less: Face value of securities under reverse repurchase agreements 78,204

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,041,178

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.