FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 5, 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

Sep 4, 2013 Aug 28, 2013 Sep 5, 2012

Wednesday

Sep 4, 2013

Reserve Bank credit 3,607,114 + 5,450 + 836,352 3,610,850

Securities held outright1 3,386,037 + 6,117 + 811,547 3,390,398

U.S. Treasury securities 2,028,955 + 12,925 + 385,361 2,033,290

Bills2 0 0 0 0

Notes and bonds, nominal2 1,929,933 + 12,883 + 366,726 1,934,262

Notes and bonds, inflation-indexed2 85,819 0 + 15,384 85,819

Inflation compensation3 13,203 + 42 + 3,251 13,209

Federal agency debt securities2 65,713 0 - 21,497 65,713

Mortgage-backed securities4 1,291,369 - 6,808 + 447,682 1,291,395

Unamortized premiums on securities held outright5 203,428 - 343 + 53,207 203,308

Unamortized discounts on securities held outright5 -5,237 - 652 - 3,408 -5,365

Repurchase agreements6 0 0 0 0

Loans 270 - 7 - 2,165 277

Primary credit 17 - 4 - 134 28

Secondary credit 0 0 0 0

Seasonal credit 150 - 4 + 17 148

Term Asset-Backed Securities Loan Facility7 102 0 - 2,050 102

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,492 + 1 - 419 1,492

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 3 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 1,563 22

Net portfolio holdings of TALF LLC11 195 0 - 656 195

Float -669 - 66 + 22 -1,281

Central bank liquidity swaps12 317 - 4 - 23,125 317

Other Federal Reserve assets13 21,197 + 406 + 2,912 21,422

Foreign currency denominated assets14 23,797 - 178 - 1,624 23,673

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,273 + 14 + 681 45,273

Total factors supplying reserve funds 3,692,425 + 5,286 + 835,408 3,696,038

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

Sep 4, 2013 Aug 28, 2013 Sep 5, 2012

Wednesday

Sep 4, 2013

Currency in circulation15 1,208,235 + 8,289 + 80,437 1,209,852

Reverse repurchase agreements16 93,987 + 2,261 + 1,042 92,711

Foreign official and international accounts 93,987 + 2,261 + 1,042 92,711

Others 0 0 0 0

Treasury cash holdings 140 - 5 + 22 141

Deposits with F.R. Banks, other than reserve balances 59,874 - 49,419 + 6,494 56,263

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 32,432 - 4,866 + 2,384 36,359

Foreign official 10,381 - 3 + 5,247 10,380

Other 17,062 - 44,548 - 1,136 9,524

Other liabilities and capital17 63,602 + 54 - 1,008 62,873

Total factors, other than reserve balances,

absorbing reserve funds 1,425,839 - 38,819 + 86,987 1,421,840

Reserve balances with Federal Reserve Banks 2,266,587 + 44,106 + 748,422 2,274,198

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

Sep 4, 2013 Aug 28, 2013 Sep 5, 2012

Wednesday

Sep 4, 2013

Securities held in custody for foreign official and international

accounts 3,279,323 - 4,019 + 109,305 3,282,468

Marketable U.S. Treasury securities1 2,925,796 - 3,589 + 128,533 2,929,521

Federal agency debt and mortgage-backed securities2 315,536 - 808 - 18,560 315,111

Other securities3 37,991 + 378 - 668 37,836

Securities lent to dealers 14,373 + 967 + 9,166 13,250

Overnight facility4 14,373 + 967 + 9,166 13,250

U.S. Treasury securities 13,487 + 940 + 8,921 12,459

Federal agency debt securities 886 + 27 + 245 791

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, September 4, 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 79 96 29 73 0 ... 277

U.S. Treasury securities2

Holdings 0 5 385 646,497 864,316 522,087 2,033,290

Weekly changes - 1 + 1 + 3 + 18,934 - 10,842 + 1,586 + 9,680

Federal agency debt securities3

Holdings 2,061 5,280 16,810 39,153 62 2,347 65,713

Weekly changes + 564 - 564 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 2 2,599 1,288,793 1,291,395

Weekly changes 0 0 0 + 1 + 1 + 52 + 54

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 159 158 0 0 0 0 317

Reverse repurchase agreements6 92,711 0 ... ... ... ... 92,711

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 Sep 4, 2013

Mortgage-backed securities held outright1 1,291,395

Commitments to buy mortgage-backed securities2 94,264

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 20

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 Sep 4, 2013

Net portfolio holdings of Maiden Lane LLC1 1,492

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 June 30, 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 Sep 4, 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 June 30, 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 Sep 4, 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 June 30, 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 Sep 4, 2013

Asset-backed securities holdings1 0

Other investments, net 195

Net portfolio holdings of TALF LLC 195

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) extended loans with a term of up

to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. 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.

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. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

(TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the

TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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

Sep 4, 2013 Aug 28, 2013 Sep 5, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,983 - 9 - 152

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,588,619 + 9,060 + 857,506

Securities held outright1 3,390,398 + 9,734 + 810,617

U.S. Treasury securities 2,033,290 + 9,680 + 384,428

Bills2 0 0 0

Notes and bonds, nominal2 1,934,262 + 9,653 + 365,770

Notes and bonds, inflation-indexed2 85,819 0 + 15,384

Inflation compensation3 13,209 + 28 + 3,274

Federal agency debt securities2 65,713 0 - 21,497

Mortgage-backed securities4 1,291,395 + 54 + 447,685

Unamortized premiums on securities held outright5 203,308 - 201 + 52,654

Unamortized discounts on securities held outright5 -5,365 - 466 - 3,546

Repurchase agreements6 0 0 0

Loans 277 - 8 - 2,220

Net portfolio holdings of Maiden Lane LLC7 1,492 + 1 - 423

Net portfolio holdings of Maiden Lane II LLC8 64 0 + 3

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 1,563

Net portfolio holdings of TALF LLC10 195 0 - 656

Items in process of collection (0) 157 + 71 - 49

Bank premises 2,283 - 8 - 66

Central bank liquidity swaps11 317 - 4 - 23,125

Foreign currency denominated assets12 23,673 - 309 - 1,774

Other assets13 19,139 + 922 + 2,313

Total assets (0) 3,654,182 + 9,726 + 832,013

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

Sep 4, 2013 Aug 28, 2013 Sep 5, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,166,699 + 6,189 + 80,093

Reverse repurchase agreements14 92,711 + 2,187 + 2,863

Deposits (0) 2,330,460 + 1,097 + 750,103

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,274,198 + 9,623 + 745,815

U.S. Treasury, General Account 36,359 + 11,295 + 9,798

Foreign official 10,380 - 2 + 5,296

Other (0) 9,524 - 19,819 - 10,805

Deferred availability cash items (0) 1,438 + 716 + 66

Other liabilities and accrued dividends15 7,986 - 398 - 1,365

Total liabilities (0) 3,599,295 + 9,792 + 831,761

Capital accounts

Capital paid in 27,444 - 33 + 127

Surplus 27,444 - 33 + 127

Other capital accounts 0 0 0

Total capital 54,887 - 66 + 252

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, September 4, 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 1,983 34 88 125 136 342 198 288 28 47 160 192 346

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,588,619 93,832 1,989,984 103,976 91,643 223,126 238,392 193,922 57,774 34,097 67,909 139,356 354,610

Securities held outright1 3,390,398 88,656 1,880,115 98,234 86,587 210,818 225,220 183,205 54,553 32,172 64,143 131,658 335,039

U.S. Treasury securities 2,033,290 53,169 1,127,543 58,913 51,928 126,432 135,069 109,872 32,716 19,294 38,468 78,958 200,930

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

Notes and bonds3 2,033,290 53,169 1,127,543 58,913 51,928 126,432 135,069 109,872 32,716 19,294 38,468 78,958 200,930

Federal agency debt securities2 65,713 1,718 36,441 1,904 1,678 4,086 4,365 3,551 1,057 624 1,243 2,552 6,494

Mortgage-backed securities4 1,291,395 33,769 716,131 37,417 32,981 80,300 85,786 69,782 20,779 12,254 24,432 50,148 127,616

Unamortized premiums on securities 

held outright5 203,308 5,316 112,743 5,891 5,192 12,642 13,505 10,986 3,271 1,929 3,846 7,895 20,091

Unamortized discounts on securities 

held outright5 -5,365 -140 -2,975 -155 -137 -334 -356 -290 -86 -51 -101 -208 -530

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

Loans 277 0 102 7 0 0 23 20 36 46 21 12 10

Net portfolio holdings of Maiden

Lane LLC7 1,492 0 1,492 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 195 0 195 0 0 0 0 0 0 0 0 0 0

Items in process of collection 157 0 0 0 0 0 156 0 0 1 0 0 0

Bank premises 2,283 118 426 72 112 229 212 201 127 100 249 233 204

Central bank liquidity swaps11 317 16 101 25 25 67 18 9 3 1 3 5 45

Foreign currency denominated assets12 23,673 1,163 7,570 1,831 1,846 4,971 1,348 675 197 99 239 376 3,357

Other assets13 19,139 532 10,218 588 497 1,372 1,296 1,035 340 242 382 766 1,870

Interdistrict settlement account 0 - 26,389 + 224,270 - 25,477 - 15,544 - 6,856 - 39,006 - 52,691 - 13,996 - 14,043 - 22,803 - 31,212 + 23,747

Total assets 3,654,182 69,892 2,240,174 81,747 79,463 224,519 204,689 144,655 44,933 20,824 46,601 110,726 385,959

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, September 4, 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 1,493,232 47,234 550,774 45,363 62,257 112,877 184,116 96,764 37,573 23,565 39,594 121,082 172,033

Less: Notes held by F.R. Banks 326,533 12,742 93,280 8,984 9,698 14,690 34,703 23,446 4,831 10,991 13,382 60,669 39,118

Federal Reserve notes, net 1,166,699 34,492 457,493 36,379 52,559 98,188 149,413 73,318 32,742 12,575 26,212 60,414 132,915

Reverse repurchase agreements14 92,711 2,424 51,412 2,686 2,368 5,765 6,159 5,010 1,492 880 1,754 3,600 9,162

Deposits 2,330,460 30,160 1,709,477 38,234 19,941 108,526 44,056 64,388 10,050 6,887 17,903 45,478 235,360

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 2,274,198 30,156 1,653,606 38,197 19,937 108,231 44,044 64,364 10,050 6,887 17,902 45,477 235,348

U.S. Treasury, General Account 36,359 0 36,359 0 0 0 0 0 0 0 0 0 0

Foreign official 10,380 2 10,353 3 3 8 2 1 0 0 0 1 6

Other 9,524 3 9,160 34 0 286 10 22 0 0 1 1 7

Deferred availability cash items 1,438 0 0 0 0 0 1,340 0 0 99 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,444 28 896 43 15 35 104 83 24 13 28 63 113

Other liabilities and accrued

dividends16 6,542 190 3,421 226 228 575 417 343 161 138 141 250 452

Total liabilities 3,599,295 67,294 2,222,700 77,569 75,111 213,087 201,488 143,141 44,469 20,591 46,038 109,805 378,002

Capital

Capital paid in 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979

Surplus 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979

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

Total liabilities and capital 3,654,182 69,892 2,240,174 81,747 79,463 224,519 204,689 144,655 44,933 20,824 46,601 110,726 385,959

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, September 4, 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 Sep 4, 2013

Federal Reserve notes outstanding 1,493,232

Less: Notes held by F.R. Banks not subject to collateralization 326,533

Federal Reserve notes to be collateralized 1,166,699

Collateral held against Federal Reserve notes 1,166,699

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,150,462

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,390,398

Less: Face value of securities under reverse repurchase agreements 84,966

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,305,432

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.