FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 9, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

May 8, 2013 May 1, 2013 May 9, 2012

Wednesday

May 8, 2013

Reserve Bank credit 3,276,457 + 10,356 + 459,419 3,281,326

Securities held outright1 3,044,084 + 10,050 + 436,488 3,047,938

U.S. Treasury securities 1,850,485 + 9,961 + 185,284 1,854,334

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,758,125 + 9,876 + 186,793 1,761,954

Notes and bonds, inflation-indexed2 80,277 0 + 13,951 80,277

Inflation compensation3 12,083 + 84 + 2,963 12,103

Federal agency debt securities2 72,053 0 - 22,518 72,053

Mortgage-backed securities4 1,121,546 + 89 + 273,722 1,121,552

Unamortized premiums on securities held outright5 196,579 + 473 + 68,447 196,853

Unamortized discounts on securities held outright5 -1,650 0 + 671 -1,657

Repurchase agreements6 0 0 0 0

Loans 422 + 17 - 6,060 418

Primary credit 9 - 1 - 5 3

Secondary credit 0 0 0 0

Seasonal credit 35 + 18 + 9 38

Term Asset-Backed Securities Loan Facility7 377 0 - 6,065 377

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,429 + 4 - 2,755 1,430

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

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 20,201 22

Net portfolio holdings of TALF LLC11 391 - 2 - 445 388

Float -791 - 102 - 55 -848

Central bank liquidity swaps12 7,276 - 1,300 - 19,380 7,276

Other Federal Reserve assets13 28,632 + 1,217 + 2,668 29,440

Foreign currency denominated assets14 23,594 - 57 - 2,073 23,672

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,038 + 14 + 584 45,038

Total factors supplying reserve funds 3,361,330 + 10,313 + 457,930 3,366,277

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

May 8, 2013 May 1, 2013 May 9, 2012

Wednesday

May 8, 2013

Currency in circulation15 1,183,566 + 3,175 + 81,016 1,185,368

Reverse repurchase agreements16 91,517 - 3,644 - 2,026 88,221

Foreign official and international accounts 91,517 - 3,644 - 2,026 88,221

Others 0 0 0 0

Treasury cash holdings 182 - 4 + 43 172

Deposits with F.R. Banks, other than reserve balances 167,089 - 10,598 + 30,469 158,050

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 144,071 - 12,983 + 30,839 133,620

Foreign official 10,138 + 180 + 10,005 10,105

Service-related 0 0 - 1,907 0

Required clearing balances 0 0 - 1,907 0

Adjustments to compensate for float 0 0 0 0

Other 12,881 + 2,206 - 8,467 14,325

Other liabilities and capital17 65,759 + 8 - 7,740 64,802

Total factors, other than reserve balances,

absorbing reserve funds 1,508,113 - 11,063 + 101,762 1,496,614

Reserve balances with Federal Reserve Banks 1,853,217 + 21,376 + 356,168 1,869,663

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10. Refer to table 6 and the note on consolidation accompanying table 9.

11. Refer to table 7 and the note on consolidation accompanying table 9.

12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

May 8, 2013 May 1, 2013 May 9, 2012

Wednesday

May 8, 2013

Securities held in custody for foreign official and international

accounts 3,296,980 + 1,929 + 190,978 3,292,854

Marketable U.S. Treasury securities1 2,946,784 + 1,056 + 244,331 2,942,744

Federal agency debt and mortgage-backed securities2 311,477 + 583 - 54,890 311,376

Other securities3 38,720 + 291 + 1,538 38,734

Securities lent to dealers 22,241 - 455 + 9,205 22,362

Overnight facility4 22,241 - 455 + 9,205 22,362

U.S. Treasury securities 21,345 - 335 + 9,047 21,402

Federal agency debt securities 896 - 120 + 157 960

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

underlying mortgages.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 8, 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 5 36 0 377 0 ... 418

U.S. Treasury securities2

Holdings 2 5 308 491,305 885,318 477,396 1,854,334

Weekly changes 0 + 1 0 + 7 + 3,317 + 3,027 + 6,351

Federal agency debt securities3

Holdings 0 5,532 21,556 40,574 2,044 2,347 72,053

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,712 1,118,837 1,121,552

Weekly changes 0 0 0 0 + 26 - 10 + 17

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

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

Reverse repurchase agreements6 88,221 0 ... ... ... ... 88,221

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name May 8, 2013

Mortgage-backed securities held outright1 1,121,552

Commitments to buy mortgage-backed securities2 110,495

Commitments to sell mortgage-backed securities2 2,700

Cash and cash equivalents3 27

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name May 8, 2013

Net portfolio holdings of Maiden Lane LLC1 1,430

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name May 8, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name May 8, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name May 8, 2013

Asset-backed securities holdings1 0

Other investments, net 388

Net portfolio holdings of TALF LLC 388

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to

five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and

businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the

TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The

loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value

of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the

following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the

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

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

May 8, 2013 May 1, 2013 May 9, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,032 - 7 - 186

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,243,553 + 6,868 + 502,564

Securities held outright1 3,047,938 + 6,367 + 439,602

U.S. Treasury securities 1,854,334 + 6,351 + 188,395

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,761,954 + 6,296 + 189,932

Notes and bonds, inflation-indexed2 80,277 0 + 13,951

Inflation compensation3 12,103 + 55 + 2,935

Federal agency debt securities2 72,053 0 - 22,518

Mortgage-backed securities4 1,121,552 + 17 + 273,726

Unamortized premiums on securities held outright5 196,853 + 509 + 68,345

Unamortized discounts on securities held outright5 -1,657 - 8 + 659

Repurchase agreements6 0 0 0

Loans 418 - 1 - 6,043

Net portfolio holdings of Maiden Lane LLC7 1,430 + 2 - 2,763

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 20,301

Net portfolio holdings of TALF LLC10 388 - 5 - 448

Items in process of collection (0) 500 - 91 + 334

Bank premises 2,296 0 - 70

Central bank liquidity swaps11 7,276 - 1,300 - 19,380

Foreign currency denominated assets12 23,672 - 178 - 1,915

Other assets13 27,145 + 2,131 + 2,584

Total assets (0) 3,324,615 + 7,421 + 460,465

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

May 8, 2013 May 1, 2013 May 9, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,142,531 + 2,556 + 80,383

Reverse repurchase agreements14 88,221 - 7,060 + 442

Deposits (0) 2,027,713 + 12,446 + 387,073

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,869,663 + 56,059 + 359,323

U.S. Treasury, General Account 133,620 - 51,004 + 30,817

Foreign official 10,105 + 156 + 9,977

Other (0) 14,325 + 7,234 - 13,044

Deferred availability cash items (0) 1,348 + 58 + 226

Other liabilities and accrued dividends15 9,632 - 593 - 8,276

Total liabilities (0) 3,269,445 + 7,408 + 459,848

Capital accounts

Capital paid in 27,585 + 6 + 309

Surplus 27,585 + 6 + 309

Other capital accounts 0 0 0

Total capital 55,171 + 14 + 618

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 8, 2013

Millions of dollars

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

Assets

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

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

Coin 2,032 40 100 130 142 360 185 304 28 52 162 189 341

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,243,553 84,806 1,798,829 93,968 82,827 201,661 215,437 175,259 52,191 30,781 61,368 125,939 320,486

Securities held outright1 3,047,938 79,701 1,690,207 88,312 77,841 189,523 202,471 164,700 49,042 28,923 57,664 118,359 301,197

U.S. Treasury securities 1,854,334 48,489 1,028,304 53,728 47,358 115,304 123,181 100,202 29,837 17,596 35,082 72,008 183,245

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

Notes and bonds3 1,854,334 48,489 1,028,304 53,728 47,358 115,304 123,181 100,202 29,837 17,596 35,082 72,008 183,245

Federal agency debt securities2 72,053 1,884 39,956 2,088 1,840 4,480 4,786 3,893 1,159 684 1,363 2,798 7,120

Mortgage-backed securities4 1,121,552 29,327 621,946 32,496 28,643 69,739 74,503 60,605 18,046 10,643 21,219 43,553 110,832

Unamortized premiums on securities 

held outright5 196,853 5,148 109,163 5,704 5,027 12,240 13,077 10,637 3,167 1,868 3,724 7,644 19,453

Unamortized discounts on securities 

held outright5 -1,657 -43 -919 -48 -42 -103 -110 -90 -27 -16 -31 -64 -164

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

Loans 418 2 377 1 1 0 0 12 8 7 11 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,430 0 1,430 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 64 0 64 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC9 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC10 388 0 388 0 0 0 0 0 0 0 0 0 0

Items in process of collection 500 0 0 0 0 0 499 0 0 1 0 0 0

Bank premises 2,296 118 427 72 114 229 213 201 129 102 250 236 206

Central bank liquidity swaps11 7,276 358 2,326 563 568 1,528 414 207 61 30 74 115 1,032

Foreign currency denominated assets12 23,672 1,163 7,570 1,831 1,846 4,971 1,348 675 197 99 239 375 3,357

Other assets13 27,145 745 14,615 800 710 1,875 1,834 1,462 487 322 535 1,099 2,659

Interdistrict settlement account 0 - 26,363 + 183,679 - 14,051 - 11,616 - 13,479 - 23,458 - 27,030 - 6,370 - 8,409 - 16,062 - 31,195 - 5,646

Total assets 3,324,615 61,455 2,015,193 83,918 75,340 198,412 198,546 152,295 47,183 23,259 47,029 97,769 324,216

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 8, 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 1,419,461 46,510 540,591 46,205 60,713 105,841 173,508 94,916 36,639 23,346 37,843 98,675 154,674

Less: Notes held by F.R. Banks 276,931 12,207 89,081 5,131 8,814 11,112 32,590 15,317 3,668 8,706 11,529 49,445 29,331

Federal Reserve notes, net 1,142,531 34,303 451,510 41,074 51,899 94,729 140,918 79,599 32,971 14,640 26,314 49,230 125,342

Reverse repurchase agreements14 88,221 2,307 48,922 2,556 2,253 5,486 5,860 4,767 1,420 837 1,669 3,426 8,718

Deposits 2,027,713 22,011 1,491,750 35,701 16,559 85,826 46,800 65,944 12,137 7,270 18,299 43,857 181,559

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 1,869,663 22,008 1,333,975 35,658 16,556 85,658 46,790 65,917 12,137 7,270 18,297 43,852 181,544

U.S. Treasury, General Account 133,620 0 133,620 0 0 0 0 0 0 0 0 0 0

Foreign official 10,105 2 10,078 3 3 8 2 1 0 0 0 1 6

Other 14,325 0 14,076 40 0 160 8 26 0 0 1 4 9

Deferred availability cash items 1,348 0 0 0 0 0 1,232 0 0 116 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,466 28 911 34 21 41 90 86 20 12 27 57 139

Other liabilities and accrued

dividends16 8,166 220 4,575 264 268 668 475 386 173 148 156 281 553

Total liabilities 3,269,445 58,868 1,997,668 79,629 71,000 186,750 195,375 150,783 46,721 23,024 46,465 96,851 316,311

Capital

Capital paid in 27,585 1,293 8,762 2,145 2,170 5,831 1,585 756 231 117 282 459 3,953

Surplus 27,585 1,293 8,762 2,145 2,170 5,831 1,585 756 231 117 282 459 3,953

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

Total liabilities and capital 3,324,615 61,455 2,015,193 83,918 75,340 198,412 198,546 152,295 47,183 23,259 47,029 97,769 324,216

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, May 8, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to table 5 and the note on consolidation below.

9. Refer to table 6 and the note on consolidation below.

10. Refer to table 7 and the note on consolidation below.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Revalued daily at current foreign currency exchange rates.

13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral May 8, 2013

Federal Reserve notes outstanding 1,419,461

Less: Notes held by F.R. Banks not subject to collateralization 276,931

Federal Reserve notes to be collateralized 1,142,531

Collateral held against Federal Reserve notes 1,142,531

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,126,294

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,047,938

Less: Face value of securities under reverse repurchase agreements 75,336

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,972,602

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.