FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

August 1, 2013

The weekly average values, shown in table 1, reflect the June 30, 2013, quarterly updates to the

fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the

Term Asset-Backed Securities Loan Facility, or TALF, which is included in “Other Federal

Reserve assets.” The amounts for the first six days of this reporting week are based on the

values as of March 31, 2013, and the amounts for the last day of the reporting week are based on

the values as of June 30, 2013.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 1, 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

Jul 31, 2013 Jul 24, 2013 Aug 1, 2012

Wednesday

Jul 31, 2013

Reserve Bank credit 3,524,211 + 7,634 + 717,997 3,528,797

Securities held outright1 3,290,839 + 8,179 + 697,025 3,295,892

U.S. Treasury securities 1,977,368 + 13,380 + 328,006 1,982,407

Bills2 0 0 0 0

Notes and bonds, nominal2 1,880,038 + 13,341 + 309,642 1,885,063

Notes and bonds, inflation-indexed2 84,406 0 + 15,320 84,406

Inflation compensation3 12,924 + 39 + 3,044 12,938

Federal agency debt securities2 66,521 0 - 24,508 66,521

Mortgage-backed securities4 1,246,950 - 5,201 + 393,527 1,246,964

Unamortized premiums on securities held outright5 204,231 - 390 + 59,974 204,101

Unamortized discounts on securities held outright5 -3,125 - 171 - 1,113 -3,222

Repurchase agreements6 0 0 0 0

Loans 351 - 10 - 3,350 320

Primary credit 11 + 1 - 21 8

Secondary credit 0 0 - 1 0

Seasonal credit 129 + 13 + 8 128

Term Asset-Backed Securities Loan Facility7 211 - 25 - 3,336 185

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,425 + 11 - 657 1,488

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 7,196 22

Net portfolio holdings of TALF LLC11 268 0 - 580 268

Float -654 - 17 + 16 -816

Central bank liquidity swaps12 1,479 - 1 - 29,543 1,479

Other Federal Reserve assets13 29,311 + 35 + 3,419 29,201

Foreign currency denominated assets14 23,842 + 284 - 1,291 23,872

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,211 + 14 + 648 45,211

Total factors supplying reserve funds 3,609,506 + 7,934 + 717,355 3,614,122

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

Jul 31, 2013 Jul 24, 2013 Aug 1, 2012

Wednesday

Jul 31, 2013

Currency in circulation15 1,194,999 + 738 + 82,996 1,197,424

Reverse repurchase agreements16 89,270 + 2,016 - 611 91,085

Foreign official and international accounts 89,270 + 2,016 - 611 91,085

Others 0 0 0 0

Treasury cash holdings 136 + 8 + 15 144

Deposits with F.R. Banks, other than reserve balances 106,983 - 53,353 + 45,888 141,717

Term deposits held by depository institutions 11,913 0 + 8,873 11,913

U.S. Treasury, General Account 60,063 + 1,660 + 17,961 109,693

Foreign official 10,435 + 331 + 7,077 10,481

Other 24,572 - 55,344 + 11,978 9,630

Other liabilities and capital17 63,595 - 1,078 - 3,637 62,908

Total factors, other than reserve balances,

absorbing reserve funds 1,454,984 - 51,669 + 124,652 1,493,279

Reserve balances with Federal Reserve Banks 2,154,522 + 59,602 + 592,703 2,120,843

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

Jul 31, 2013 Jul 24, 2013 Aug 1, 2012

Wednesday

Jul 31, 2013

Securities held in custody for foreign official and international

accounts 3,264,725 - 5,264 + 137,915 3,269,178

Marketable U.S. Treasury securities1 2,917,987 - 12,149 + 160,557 2,923,940

Federal agency debt and mortgage-backed securities2 309,715 + 6,733 - 21,640 308,078

Other securities3 37,023 + 151 - 1,002 37,160

Securities lent to dealers 9,043 - 1,752 - 364 8,121

Overnight facility4 9,043 - 1,752 - 364 8,121

U.S. Treasury securities 8,207 - 1,814 - 473 7,146

Federal agency debt securities 836 + 62 + 110 975

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, July 31, 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 100 35 16 168 0 ... 320

U.S. Treasury securities2

Holdings 0 3 382 595,418 869,614 516,990 1,982,407

Weekly changes - 1 0 + 40 + 24,479 - 16,540 + 4,425 + 12,404

Federal agency debt securities3

Holdings 808 6,633 16,953 39,718 62 2,347 66,521

Weekly changes + 808 - 808 + 523 - 523 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,564 1,244,399 1,246,964

Weekly changes 0 0 0 0 - 54 - 13,909 - 13,964

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,293 186 0 0 0 0 1,479

Reverse repurchase agreements6 91,085 0 ... ... ... ... 91,085

Term deposits 11,913 0 0 ... ... ... 11,913

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 Jul 31, 2013

Mortgage-backed securities held outright1 1,246,964

Commitments to buy mortgage-backed securities2 88,772

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 34

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 Jul 31, 2013

Net portfolio holdings of Maiden Lane LLC1 1,488

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 Jul 31, 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 Jul 31, 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 Jul 31, 2013

Asset-backed securities holdings1 0

Other investments, net 268

Net portfolio holdings of TALF LLC 268

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

Jul 31, 2013 Jul 24, 2013 Aug 1, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,969 - 4 - 151

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,497,090 - 2,392 + 756,883

Securities held outright1 3,295,892 - 1,560 + 702,091

U.S. Treasury securities 1,982,407 + 12,404 + 333,113

Bills2 0 0 0

Notes and bonds, nominal2 1,885,063 + 12,365 + 314,727

Notes and bonds, inflation-indexed2 84,406 0 + 15,320

Inflation compensation3 12,938 + 39 + 3,066

Federal agency debt securities2 66,521 0 - 24,508

Mortgage-backed securities4 1,246,964 - 13,964 + 393,486

Unamortized premiums on securities held outright5 204,101 - 616 + 59,369

Unamortized discounts on securities held outright5 -3,222 - 191 - 1,243

Repurchase agreements6 0 0 0

Loans 320 - 24 - 3,333

Net portfolio holdings of Maiden Lane LLC7 1,488 + 74 - 597

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 7,355

Net portfolio holdings of TALF LLC10 268 0 - 580

Items in process of collection (0) 105 + 14 - 177

Bank premises 2,296 0 - 56

Central bank liquidity swaps11 1,479 - 1 - 29,543

Foreign currency denominated assets12 23,872 + 249 - 1,259

Other assets13 26,905 - 719 + 3,509

Total assets (0) 3,571,797 - 2,777 + 720,679

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

Jul 31, 2013 Jul 24, 2013 Aug 1, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,154,322 + 2,336 + 81,731

Reverse repurchase agreements14 91,085 + 5,530 + 1,279

Deposits (0) 2,262,560 - 10,161 + 640,930

Term deposits held by depository institutions 11,913 0 + 8,873

Other deposits held by depository institutions 2,120,843 + 21,514 + 579,844

U.S. Treasury, General Account 109,693 + 58,727 + 57,010

Foreign official 10,481 + 71 + 6,248

Other (0) 9,630 - 90,472 - 11,045

Deferred availability cash items (0) 921 + 58 + 37

Other liabilities and accrued dividends15 7,884 - 533 - 3,636

Total liabilities (0) 3,516,773 - 2,769 + 720,343

Capital accounts

Capital paid in 27,512 - 4 + 168

Surplus 27,512 - 4 + 168

Other capital accounts 0 0 0

Total capital 55,024 - 8 + 336

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, July 31, 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 1,969 34 84 123 136 337 193 288 30 47 159 193 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,497,090 91,437 1,939,289 101,316 89,304 217,432 232,306 188,991 56,285 33,209 66,173 135,796 345,551

Securities held outright1 3,295,892 86,184 1,827,707 95,496 84,174 204,941 218,942 178,098 53,032 31,275 62,355 127,988 325,700

U.S. Treasury securities 1,982,407 51,838 1,099,326 57,439 50,629 123,268 131,689 107,122 31,898 18,811 37,505 76,982 195,901

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

Notes and bonds3 1,982,407 51,838 1,099,326 57,439 50,629 123,268 131,689 107,122 31,898 18,811 37,505 76,982 195,901

Federal agency debt securities2 66,521 1,739 36,889 1,927 1,699 4,136 4,419 3,595 1,070 631 1,259 2,583 6,574

Mortgage-backed securities4 1,246,964 32,607 691,493 36,130 31,846 77,537 82,834 67,382 20,064 11,833 23,591 48,423 123,225

Unamortized premiums on securities 

held outright5 204,101 5,337 113,182 5,914 5,213 12,691 13,558 11,029 3,284 1,937 3,861 7,926 20,169

Unamortized discounts on securities 

held outright5 -3,222 -84 -1,787 -93 -82 -200 -214 -174 -52 -31 -61 -125 -318

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

Loans 320 0 187 0 0 0 20 38 21 28 18 8 0

Net portfolio holdings of Maiden

Lane LLC7 1,488 0 1,488 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 268 0 268 0 0 0 0 0 0 0 0 0 0

Items in process of collection 105 0 0 0 0 0 105 0 0 0 0 0 0

Bank premises 2,296 119 432 72 112 230 212 202 128 101 249 234 205

Central bank liquidity swaps11 1,479 73 473 114 115 311 84 42 12 6 15 23 210

Foreign currency denominated assets12 23,872 1,172 7,642 1,845 1,861 5,010 1,359 680 199 100 241 378 3,384

Other assets13 26,905 741 14,507 790 705 1,861 1,810 1,453 484 322 533 1,062 2,636

Interdistrict settlement account 0 - 27,740 + 282,505 - 32,848 - 19,191 - 16,515 - 44,401 - 53,704 - 15,020 - 13,989 - 22,426 - 37,609 + 937

Total assets 3,571,797 66,423 2,252,518 72,020 73,792 209,934 193,743 139,169 42,579 20,077 45,408 101,088 355,048

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, July 31, 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 1,478,390 46,396 553,573 45,701 61,272 111,548 181,165 95,785 37,080 23,402 39,463 116,633 166,372

Less: Notes held by F.R. Banks 324,068 13,202 93,587 8,615 9,973 14,047 34,698 21,861 4,745 10,951 13,297 62,042 37,049

Federal Reserve notes, net 1,154,322 33,194 459,986 37,086 51,299 97,501 146,467 73,924 32,336 12,451 26,166 54,591 129,323

Reverse repurchase agreements14 91,085 2,382 50,511 2,639 2,326 5,664 6,051 4,922 1,466 864 1,723 3,537 9,001

Deposits 2,262,560 28,041 1,720,026 27,819 15,586 94,656 36,858 58,421 8,139 6,152 16,800 41,752 208,311

Term deposits held by depository

institutions 11,913 5 8,010 800 0 1,045 700 128 0 70 150 5 1,000

Other deposits held by depository

institutions 2,120,843 28,032 1,582,664 26,984 15,582 93,269 36,146 58,257 8,138 6,082 16,648 41,744 207,295

U.S. Treasury, General Account 109,693 0 109,693 0 0 0 0 0 0 0 0 0 0

Foreign official 10,481 2 10,454 3 3 8 2 1 0 0 0 1 6

Other 9,630 1 9,205 32 0 334 10 35 0 0 1 2 10

Deferred availability cash items 921 0 0 0 0 0 692 0 0 230 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,276 32 741 40 24 67 93 61 19 12 22 50 114

Other liabilities and accrued

dividends16 6,608 176 3,707 211 211 523 389 329 156 135 134 238 400

Total liabilities 3,516,773 63,825 2,234,970 67,794 69,446 198,411 190,549 137,658 42,115 19,844 44,846 100,167 347,148

Capital

Capital paid in 27,512 1,299 8,774 2,113 2,173 5,761 1,597 755 232 117 281 461 3,950

Surplus 27,512 1,299 8,774 2,113 2,173 5,761 1,597 755 232 117 281 461 3,950

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

Total liabilities and capital 3,571,797 66,423 2,252,518 72,020 73,792 209,934 193,743 139,169 42,579 20,077 45,408 101,088 355,048

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, July 31, 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 Jul 31, 2013

Federal Reserve notes outstanding 1,478,390

Less: Notes held by F.R. Banks not subject to collateralization 324,068

Federal Reserve notes to be collateralized 1,154,322

Collateral held against Federal Reserve notes 1,154,322

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,138,085

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,295,892

Less: Face value of securities under reverse repurchase agreements 81,141

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,214,751

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.