FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 23, 2013


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 22, 2013 
Federal Reserve Banks                                     May 22, 2013 May 15, 2013 May 23, 2012              

Reserve Bank credit                                         3,336,659   +   33,400   +  521,963    3,356,392  
  Securities held outright (1)                              3,109,517   +   40,408   +  493,650    3,127,992  
    U.S. Treasury securities                                1,869,929   +    9,345   +  210,103    1,877,154  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,775,735   +    9,044   +  211,461    1,782,939  
      Notes and bonds, inflation-indexed (2)                   81,646   +      196   +   13,992       81,646  
      Inflation compensation (3)                               12,548   +      106   +    3,073       12,569  
    Federal agency debt securities (2)                         72,053            0   -   21,330       72,053  
    Mortgage-backed securities (4)                          1,167,535   +   31,063   +  304,877    1,178,785  
  Unamortized premiums on securities held outright (5)        200,232   +    2,201   +   69,868      201,100  
  Unamortized discounts on securities held outright (5)        -1,676   -        9   +      636       -1,694  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           438   +       16   -    5,715          389  
    Primary credit                                                 23   +       17   +       10           16  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                46   +        8   +       19           51  
    Term Asset-Backed Securities Loan Facility (7)                369   -        8   -    5,743          321  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,429   -        1   -    2,426        1,429  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +       45           64  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -   15,102           22  
  Net portfolio holdings of TALF LLC (11)                         388            0   -      450          388  
  Float                                                          -719   +        3   -       41         -732  
  Central bank liquidity swaps (12)                             7,277   +        1   -   19,148        7,277  
  Other Federal Reserve assets (13)                            19,687   -    9,220   +      647       20,156  
Foreign currency denominated assets (14)                       22,971   -      230   -    2,400       22,917  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,066   +       14   +      599       45,066  
                                                                                                              
Total factors supplying reserve funds                       3,420,936   +   33,183   +  520,161    3,440,615  

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





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  May 22, 2013 
Federal Reserve Banks                                     May 22, 2013 May 15, 2013 May 23, 2012              

Currency in circulation (15)                                 1,185,803   +    1,161   +   82,333    1,188,173 
Reverse repurchase agreements (16)                              90,170   -    1,406   -    3,488       86,693 
  Foreign official and international accounts                   90,170   -    1,406   -    3,488       86,693 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             160   -       11   +       26          152 
Deposits with F.R. Banks, other than reserve balances          118,052   -    9,910   +    1,470      126,058 
  Term deposits held by depository institutions                      0            0   -    3,053            0 
  U.S. Treasury, General Account                                33,233   -   56,766   -   56,850       25,206 
  Foreign official                                              10,949   +      544   +   10,820       10,959 
  Service-related                                                    0            0   -    1,903            0 
    Required clearing balances                                       0            0   -    1,903            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         73,870   +   46,313   +   52,457       89,893 
Other liabilities and capital (17)                              65,061   -    1,335   -    8,709       64,361 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,459,246   -   11,500   +   71,631    1,465,437 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,961,690   +   44,683   +  448,530    1,975,178 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 22, 2013 
                                                          May 22, 2013 May 15, 2013 May 23, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,311,706   +   12,687   +  198,179    3,312,218 
  Marketable U.S. Treasury securities (1)                    2,963,352   +   15,287   +  250,901    2,967,035 
  Federal agency debt and mortgage-backed securities (2)       309,908   -    2,368   -   53,810      306,842 
  Other securities (3)                                          38,446   -      232   +    1,088       38,342 
Securities lent to dealers                                      20,413   -      235   +    6,297       16,526 
  Overnight facility (4)                                        20,413   -      235   +    6,297       16,526 
    U.S. Treasury securities                                    19,419   -      329   +    5,914       15,557 
    Federal agency debt securities                                 995   +       96   +      384          969 

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 22, 2013        

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       64             3             0           321             0           ...           389 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1             4           308       520,567       871,918       484,357     1,877,154 
  Weekly changes                        +        1    -        1             0    +    4,230    +    4,567    +    3,850    +   12,646 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,163         5,177        21,631        39,691         2,044         2,347        72,053 
  Weekly changes                                 0    +      808    -      808             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             1             1         2,748     1,176,036     1,178,785 
  Weekly changes                                 0             0             0             0    +       53    +   28,238    +   28,291 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)             6,799           478             0             0             0             0         7,277 
                                                                                                                                       
Reverse repurchase agreements (6)           86,693             0           ...           ...           ...           ...        86,693 
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 22, 2013  

Mortgage-backed securities held outright (1)                                                                             1,178,785  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           69,122  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   15  



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
Account name                                                                                                            Wednesday   
                                                                                                                      May 22, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,429  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      May 22, 2013  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                64  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      May 22, 2013  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      May 22, 2013  

Asset-backed securities holdings (1)                                                                                             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 York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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.                                                                  




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 22, 2013   Wednesday    Wednesday  
                                                        consolidation                May 15, 2013 May 23, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        2,001   -       20   -      179  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,327,787   +   42,924   +  578,195  
    Securities held outright (1)                                          3,127,992   +   40,936   +  512,930  
      U.S. Treasury securities                                            1,877,154   +   12,646   +  220,330  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,782,939   +   12,590   +  221,715  
        Notes and bonds, inflation-indexed (2)                               81,646            0   +   13,992  
        Inflation compensation (3)                                           12,569   +       56   +    3,046  
      Federal agency debt securities (2)                                     72,053            0   -   21,199  
      Mortgage-backed securities (4)                                      1,178,785   +   28,291   +  313,800  
    Unamortized premiums on securities held outright  
    (5)                                                                     201,100   +    2,047   +   70,096  
    Unamortized discounts on securities held outright 
    (5)                                                                      -1,694   -       22   +      614  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       389   -       37   -    5,445  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,429            0   -    2,442  
  Net portfolio holdings of Maiden Lane II LLC (8)                               64            0   +       45  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0   -   15,130  
  Net portfolio holdings of TALF LLC (10)                                       388            0   -      453  
  Items in process of collection                                   (0)          435   -       62   +      273  
  Bank premises                                                               2,302   +        5   -       67  
  Central bank liquidity swaps (11)                                           7,277   +        1   -   19,148  
  Foreign currency denominated assets (12)                                   22,917   -       86   -    2,306  
  Other assets (13)                                                          17,854   +    1,681   +      429  
                                                                                                               
Total assets                                                       (0)    3,398,713   +   44,444   +  539,218  

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





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       May 22, 2013   Wednesday    Wednesday  
                                                        consolidation                May 15, 2013 May 23, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,145,256   +    1,934   +   81,489 
  Reverse repurchase agreements (14)                                          86,693   -    2,692   -    6,882 
  Deposits                                                          (0)    2,101,236   +   44,864   +  472,688 
    Term deposits held by depository institutions                                  0            0   -    3,053 
    Other deposits held by depository institutions                         1,975,178   +   22,881   +  449,027 
    U.S. Treasury, General Account                                            25,206   -   44,283   -   55,160 
    Foreign official                                                          10,959   +       91   +   10,830 
    Other                                                           (0)       89,893   +   66,176   +   71,044 
  Deferred availability cash items                                  (0)        1,167   -       78   +      314 
  Other liabilities and accrued dividends (15)                                 9,157   +      404   -    8,947 
                                                                                                               
Total liabilities                                                   (0)    3,343,510   +   44,434   +  538,663 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,602   +        6   +      278 
  Surplus                                                                     27,602   +        6   +      278 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,203   +       10   +      555 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, May 22, 2013
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 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                                             2,001          39          95          126         136         350         187         298          27          50         161         190         342
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,327,787      87,013   1,845,502       96,409      84,978     206,900     221,038     179,820      53,547      31,587      62,967     129,213     328,813
    Securities held outright (1)               3,127,992      81,794   1,734,600       90,631      79,886     194,501     207,788     169,026      50,330      29,682      59,178     121,468     309,108
      U.S. Treasury securities                 1,877,154      49,086   1,040,959       54,389      47,941     116,723     124,697     101,435      30,204      17,813      35,514      72,895     185,500
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,877,154      49,086   1,040,959       54,389      47,941     116,723     124,697     101,435      30,204      17,813      35,514      72,895     185,500
      Federal agency debt securities (2)          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 securities (4)           1,178,785      30,824     653,685       34,154      30,105      73,298      78,305      63,697      18,967      11,186      22,301      45,775     116,488
    Unamortized premiums on securities held 
      outright (5)                               201,100       5,259     111,518        5,827       5,136      12,505      13,359      10,867       3,236       1,908       3,805       7,809      19,873
    Unamortized discounts on securities     
      held outright (5)                           -1,694         -44        -939          -49         -43        -105        -113         -92         -27         -16         -32         -66        -167
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            389           5         323            0           0           0           3          19           9          12          16           2           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,429           0       1,429            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  64           0          64            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            388           0         388            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     435           0           0            0           0           0         435           0           0           0           0           0           0
  Bank premises                                    2,302         118         431           72         114         230         213         202         129         102         250         236         207
  Central bank liquidity swaps (11)                7,277         358       2,326          563         568       1,528         415         208          61          30          74         115       1,032
  Foreign currency denominated assets (12)        22,917       1,126       7,328        1,772       1,787       4,812       1,305         653         191          96         232         364       3,250
  Other assets (13)                               17,854         495       9,404          659         466       1,286       1,195         951         309         224         353         779       1,733
  Interdistrict settlement account                     0  -   27,264  +  220,296   -   16,020  -   11,234  -   25,922  -   31,112  -   32,388  -    9,076  -   10,282  -   18,594  -   31,449  -    6,953
                                                                                                                                                                                                         
Total assets                                   3,398,713      62,472   2,093,027       84,188      77,564     190,452     195,750     150,960      45,648      22,088      45,904     100,456     330,204

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





9. Statement of Condition of Each Federal Reserve Bank, May 22, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,426,323      46,466     543,647      46,337      60,601     107,796     173,512      94,938      36,614      23,356      38,701      99,009     155,346
    Less: Notes held by F.R. Banks               281,067      12,212      87,533       6,000       9,033      11,400      31,680      16,028       3,831       9,462      12,595      49,532      31,760
      Federal Reserve notes, net               1,145,256      34,254     456,114      40,337      51,568      96,395     141,832      78,910      32,782      13,894      26,106      49,478     123,585
  Reverse repurchase agreements (14)              86,693       2,267      48,075       2,512       2,214       5,391       5,759       4,685       1,395         823       1,640       3,367       8,567
  Deposits                                     2,101,236      23,073   1,566,742      36,731      19,123      76,227      43,315      65,332      10,795       6,829      17,393      46,319     189,355
    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                           1,975,178      23,069   1,440,946      36,692      19,120      76,078      43,305      65,297      10,795       6,829      17,391      46,316     189,341
    U.S. Treasury, General Account                25,206           0      25,206           0           0           0           0           0           0           0           0           0           0
    Foreign official                              10,959           2      10,931           3           3           8           2           1           0           0           0           1           6
    Other                                         89,893           2      89,659          36           0         140           8          34           0           0           1           3           9
  Deferred availability cash items                 1,167           0           0           0           0           0       1,029           0           0         138           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,576          38         949          22          21          46         113          94          29          13          30          65         157
  Other liabilities and accrued             
     dividends (16)                                7,582         244       3,621         296         291         729         525         427         183         157         171         310         629
                                                                                                                                                                                                        
Total liabilities                              3,343,510      59,875   2,075,501      79,899      73,218     178,787     192,573     149,447      45,185      21,854      45,341      99,539     322,293
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,602       1,298       8,763       2,145       2,173       5,833       1,589         756         232         117         282         459       3,956
  Surplus                                         27,602       1,298       8,763       2,145       2,173       5,833       1,589         756         232         117         282         459       3,956
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,398,713      62,472   2,093,027      84,188      77,564     190,452     195,750     150,960      45,648      22,088      45,904     100,456     330,204

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





9. Statement of Condition of Each Federal Reserve Bank, May 22, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          May 22, 2013  

Federal Reserve notes outstanding                                                            1,426,323  
  Less: Notes held by F.R. Banks not subject to collateralization                              281,067  
    Federal Reserve notes to be collateralized                                               1,145,256  
Collateral held against Federal Reserve notes                                                1,145,256  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,129,019  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,127,992  
  Less: Face value of securities under reverse repurchase agreements                            75,482  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,052,511  

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.