FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 13, 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

Jun 12, 2013 Jun 5, 2013 Jun 13, 2012

Wednesday

Jun 12, 2013

Reserve Bank credit 3,364,000 + 14,206 + 555,857 3,367,430

Securities held outright1 3,139,181 + 12,279 + 532,285 3,141,976

U.S. Treasury securities 1,903,296 + 12,259 + 243,727 1,906,079

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,808,637 + 11,879 + 244,525 1,810,417

Notes and bonds, inflation-indexed2 82,040 + 394 + 14,696 83,026

Inflation compensation3 12,619 - 14 + 2,929 12,636

Federal agency debt securities2 70,890 0 - 22,362 70,890

Mortgage-backed securities4 1,164,995 + 20 + 310,920 1,165,008

Unamortized premiums on securities held outright5 200,908 - 25 + 66,909 200,925

Unamortized discounts on securities held outright5 -1,973 - 172 + 286 -2,062

Repurchase agreements6 0 0 0 0

Loans 336 + 11 - 5,102 380

Primary credit 15 + 7 + 2 53

Secondary credit 0 0 0 0

Seasonal credit 50 + 3 + 3 56

Term Asset-Backed Securities Loan Facility7 271 0 - 5,107 271

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,424 0 - 2,458 1,425

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 15,300 22

Net portfolio holdings of TALF LLC11 281 - 107 - 560 281

Float -793 + 22 - 71 -882

Central bank liquidity swaps12 1,771 0 - 21,543 1,771

Other Federal Reserve assets13 22,779 + 2,197 + 1,365 23,529

Foreign currency denominated assets14 23,938 + 505 - 1,211 24,222

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,111 + 14 + 619 45,111

Total factors supplying reserve funds 3,449,290 + 14,725 + 555,265 3,453,003

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

Jun 12, 2013 Jun 5, 2013 Jun 13, 2012

Wednesday

Jun 12, 2013

Currency in circulation15 1,189,061 - 1,645 + 80,432 1,189,607

Reverse repurchase agreements16 90,546 - 4,397 + 2,538 86,277

Foreign official and international accounts 90,546 - 4,397 + 2,538 86,277

Others 0 0 0 0

Treasury cash holdings 136 - 14 - 6 127

Deposits with F.R. Banks, other than reserve balances 74,462 + 7,550 + 1,155 72,883

Term deposits held by depository institutions 10,496 0 + 7,443 10,496

U.S. Treasury, General Account 43,056 + 12,826 + 1,171 39,284

Foreign official 9,860 - 1,334 + 9,068 9,711

Service-related 0 0 - 1,897 0

Required clearing balances 0 0 - 1,897 0

Adjustments to compensate for float 0 0 0 0

Other 11,051 - 3,940 - 14,629 13,391

Other liabilities and capital17 64,038 + 765 - 10,072 63,383

Total factors, other than reserve balances,

absorbing reserve funds 1,418,243 + 2,260 + 74,047 1,412,277

Reserve balances with Federal Reserve Banks 2,031,047 + 12,465 + 481,217 2,040,727

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

Jun 12, 2013 Jun 5, 2013 Jun 13, 2012

Wednesday

Jun 12, 2013

Securities held in custody for foreign official and international

accounts 3,314,350 + 1,955 + 195,274 3,314,208

Marketable U.S. Treasury securities1 2,973,635 + 1,743 + 255,714 2,973,287

Federal agency debt and mortgage-backed securities2 302,597 + 136 - 60,941 302,767

Other securities3 38,118 + 76 + 501 38,154

Securities lent to dealers 18,142 - 1,189 + 7,269 16,456

Overnight facility4 18,142 - 1,189 + 7,269 16,456

U.S. Treasury securities 17,168 - 1,126 + 6,886 15,508

Federal agency debt securities 973 - 63 + 383 948

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, June 12, 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 61 49 0 271 0 ... 380

U.S. Treasury securities2

Holdings 1 4 343 544,477 866,763 494,490 1,906,079

Weekly changes 0 0 0 - 3 + 3,672 + 4,399 + 8,069

Federal agency debt securities3

Holdings 232 6,442 20,134 41,673 62 2,347 70,890

Weekly changes 0 + 1,497 - 1,497 + 1,982 - 1,982 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,701 1,162,305 1,165,008

Weekly changes 0 0 0 0 - 1 + 18 + 17

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 451 1,320 0 0 0 0 1,771

Reverse repurchase agreements6 86,277 0 ... ... ... ... 86,277

Term deposits 10,496 0 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 Jun 12, 2013

Mortgage-backed securities held outright1 1,165,008

Commitments to buy mortgage-backed securities2 113,671

Commitments to sell mortgage-backed securities2 800

Cash and cash equivalents3 39

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 Jun 12, 2013

Net portfolio holdings of Maiden Lane LLC1 1,425

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 Jun 12, 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 Jun 12, 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 Jun 12, 2013

Asset-backed securities holdings1 0

Other investments, net 281

Net portfolio holdings of TALF LLC 281

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

Jun 12, 2013 Jun 5, 2013 Jun 13, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,979 + 11 - 157

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,341,220 + 7,982 + 581,503

Securities held outright1 3,141,976 + 8,086 + 520,631

U.S. Treasury securities 1,906,079 + 8,069 + 245,921

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,810,417 + 6,677 + 244,799

Notes and bonds, inflation-indexed2 83,026 + 1,380 + 16,456

Inflation compensation3 12,636 + 12 + 3,089

Federal agency debt securities2 70,890 0 - 22,362

Mortgage-backed securities4 1,165,008 + 17 + 297,074

Unamortized premiums on securities held outright5 200,925 + 3 + 65,671

Unamortized discounts on securities held outright5 -2,062 - 160 + 195

Repurchase agreements6 0 0 0

Loans 380 + 53 - 4,995

Net portfolio holdings of Maiden Lane LLC7 1,425 + 1 - 2,455

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 15,456

Net portfolio holdings of TALF LLC10 281 - 107 - 560

Items in process of collection (0) 92 + 5 - 48

Bank premises 2,299 + 2 - 63

Central bank liquidity swaps11 1,771 0 - 21,543

Foreign currency denominated assets12 24,222 + 664 - 1,037

Other assets13 21,231 + 2,102 + 1,541

Total assets (0) 3,410,842 + 10,659 + 541,771

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

Jun 12, 2013 Jun 5, 2013 Jun 13, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,146,598 - 922 + 79,377

Reverse repurchase agreements14 86,277 - 8,002 + 2,858

Deposits (0) 2,113,610 + 18,824 + 473,439

Term deposits held by depository institutions 10,496 0 + 7,443

Other deposits held by depository institutions 2,040,727 + 14,470 + 474,062

U.S. Treasury, General Account 39,284 - 1,741 + 3,036

Foreign official 9,711 - 1,471 + 8,138

Other (0) 13,391 + 7,566 - 19,240

Deferred availability cash items (0) 974 - 6 + 24

Other liabilities and accrued dividends15 8,414 + 814 - 14,259

Total liabilities (0) 3,355,872 + 10,708 + 541,439

Capital accounts

Capital paid in 27,485 - 24 + 166

Surplus 27,485 - 24 + 166

Other capital accounts 0 0 0

Total capital 54,969 - 49 + 331

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, June 12, 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 1,979 36 89 122 132 349 185 295 28 52 159 192 340

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,341,220 87,362 1,852,906 96,798 85,322 207,736 221,933 180,538 53,763 31,722 63,212 129,735 330,194

Securities held outright1 3,141,976 82,160 1,742,355 91,036 80,243 195,371 208,717 169,781 50,555 29,815 59,443 122,011 310,490

U.S. Treasury securities 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359

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

Notes and bonds3 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359

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 1,165,008 30,464 646,045 33,755 29,753 72,441 77,390 62,953 18,745 11,055 22,041 45,240 115,126

Unamortized premiums on securities 

held outright5 200,925 5,254 111,421 5,822 5,131 12,494 13,347 10,857 3,233 1,907 3,801 7,802 19,855

Unamortized discounts on securities 

held outright5 -2,062 -54 -1,143 -60 -53 -128 -137 -111 -33 -20 -39 -80 -204

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

Loans 380 2 273 0 0 0 5 11 8 20 7 2 53

Net portfolio holdings of Maiden

Lane LLC7 1,425 0 1,425 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 281 0 281 0 0 0 0 0 0 0 0 0 0

Items in process of collection 92 0 0 0 0 0 91 0 0 0 0 0 0

Bank premises 2,299 120 430 72 113 229 213 201 129 101 250 235 206

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

Foreign currency denominated assets12 24,222 1,190 7,745 1,873 1,889 5,086 1,380 691 202 101 245 384 3,435

Other assets13 21,231 585 11,296 752 553 1,493 1,436 1,140 371 256 420 864 2,066

Interdistrict settlement account 0 - 22,980 + 194,420 - 16,986 - 16,025 - 2,679 - 27,478 - 38,890 - 10,032 - 11,387 - 18,421 - 32,537 + 2,995

Total assets 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269

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, June 12, 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 1,445,237 46,622 553,295 46,104 60,329 108,946 178,379 94,623 36,549 23,467 38,757 101,192 156,974

Less: Notes held by F.R. Banks 298,639 12,635 94,671 6,969 9,388 12,390 32,995 17,612 4,024 10,366 12,862 51,411 33,316

Federal Reserve notes, net 1,146,598 33,987 458,624 39,135 50,941 96,556 145,384 77,011 32,524 13,101 25,895 49,781 123,658

Reverse repurchase agreements14 86,277 2,256 47,844 2,500 2,203 5,365 5,731 4,662 1,388 819 1,632 3,350 8,526

Deposits 2,113,610 27,900 1,546,417 37,205 15,067 99,606 44,408 61,683 10,392 6,625 18,101 45,600 200,606

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 2,040,727 27,803 1,477,372 36,315 15,064 99,448 43,692 61,390 10,391 6,530 17,889 45,494 199,340

U.S. Treasury, General Account 39,284 0 39,284 0 0 0 0 0 0 0 0 0 0

Foreign official 9,711 2 9,684 3 3 8 2 1 0 0 0 1 6

Other 13,391 0 13,186 37 0 110 9 37 0 0 1 1 10

Deferred availability cash items 974 0 0 0 0 0 761 0 0 213 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,184 71 1,019 99 91 228 143 109 30 18 38 68 271

Other liabilities and accrued

dividends16 6,230 174 3,538 210 223 571 324 264 137 124 115 194 356

Total liabilities 3,355,872 64,389 2,057,442 79,150 68,525 202,325 196,751 143,729 44,471 20,899 45,781 98,993 333,417

Capital

Capital paid in 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926

Surplus 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926

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

Total liabilities and capital 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269

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, June 12, 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 Jun 12, 2013

Federal Reserve notes outstanding 1,445,237

Less: Notes held by F.R. Banks not subject to collateralization 298,639

Federal Reserve notes to be collateralized 1,146,598

Collateral held against Federal Reserve notes 1,146,598

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,130,361

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,141,976

Less: Face value of securities under reverse repurchase agreements 75,785

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,066,192

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.