FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 25, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 24, 2013 Jul 17, 2013 Jul 25, 2012

Wednesday

Jul 24, 2013

Reserve Bank credit 3,516,577 + 38,996 + 702,704 3,531,877

Securities held outright1 3,282,660 + 37,647 + 675,499 3,297,452

U.S. Treasury securities 1,963,988 + 5,301 + 313,240 1,970,003

Bills2 0 0 - 5,938 0

Notes and bonds, nominal2 1,866,697 + 5,037 + 300,874 1,872,698

Notes and bonds, inflation-indexed2 84,406 + 197 + 15,320 84,406

Inflation compensation3 12,885 + 66 + 2,984 12,899

Federal agency debt securities2 66,521 - 454 - 24,508 66,521

Mortgage-backed securities4 1,252,151 + 32,801 + 386,767 1,260,928

Unamortized premiums on securities held outright5 204,621 + 380 + 61,449 204,717

Unamortized discounts on securities held outright5 -2,954 - 205 - 897 -3,031

Repurchase agreements6 0 0 0 0

Loans 361 - 4 - 3,469 344

Primary credit 10 - 3 - 7 2

Secondary credit 0 0 0 0

Seasonal credit 116 + 6 + 6 126

Term Asset-Backed Securities Loan Facility7 236 - 6 - 3,468 215

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,414 - 1 - 621 1,414

Net portfolio holdings of Maiden Lane II LLC9 64 0 + 40 64

Net portfolio holdings of Maiden Lane III LLC10 22 0 - 6,283 22

Net portfolio holdings of TALF LLC11 268 0 - 580 268

Float -637 + 142 - 39 -772

Central bank liquidity swaps12 1,480 + 1 - 25,752 1,480

Other Federal Reserve assets13 29,276 + 1,033 + 3,356 29,918

Foreign currency denominated assets14 23,558 + 40 - 1,385 23,623

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding15 45,197 + 14 + 645 45,197

Total factors supplying reserve funds 3,601,572 + 39,048 + 701,963 3,616,938

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 24, 2013 Jul 17, 2013 Jul 25, 2012

Wednesday

Jul 24, 2013

Currency in circulation15 1,194,261 - 2,153 + 83,340 1,195,080

Reverse repurchase agreements16 87,254 - 5,171 + 2,348 85,555

Foreign official and international accounts 87,254 - 5,171 + 2,348 85,555

Others 0 0 0 0

Treasury cash holdings 128 + 9 + 10 135

Deposits with F.R. Banks, other than reserve balances 160,336 + 42,521 + 75,638 173,391

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

U.S. Treasury, General Account 58,403 - 11,755 + 12,866 50,966

Foreign official 10,104 + 160 + 7,540 10,410

Other 79,916 + 42,202 + 46,359 100,102

Other liabilities and capital17 64,673 + 1,212 - 2,792 63,450

Total factors, other than reserve balances,

absorbing reserve funds 1,506,653 + 36,419 + 158,545 1,517,611

Reserve balances with Federal Reserve Banks 2,094,920 + 2,631 + 543,419 2,099,328

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

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

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

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

premises and equipment net of allowances for depreciation.

14. Revalued daily at current foreign currency exchange rates.

15. Estimated.

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

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jul 24, 2013 Jul 17, 2013 Jul 25, 2012

Wednesday

Jul 24, 2013

Securities held in custody for foreign official and international

accounts 3,269,989 - 8,294 + 144,270 3,274,663

Marketable U.S. Treasury securities1 2,930,136 - 11,877 + 176,154 2,925,551

Federal agency debt and mortgage-backed securities2 302,982 + 4,321 - 31,058 312,178

Other securities3 36,872 - 737 - 825 36,934

Securities lent to dealers 10,795 + 189 + 2,110 7,805

Overnight facility4 10,795 + 189 + 2,110 7,805

U.S. Treasury securities 10,021 + 190 + 2,145 7,058

Federal agency debt securities 774 - 1 - 35 747

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

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

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

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

underlying mortgages.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 24, 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 105 24 16 199 0 ... 344

U.S. Treasury securities2

Holdings 1 3 342 570,939 886,154 512,565 1,970,003

Weekly changes 0 0 0 + 5 + 6,836 + 1,492 + 8,332

Federal agency debt securities3

Holdings 0 7,441 16,430 40,241 62 2,347 66,521

Weekly changes 0 + 1,085 - 1,085 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 1 2,618 1,258,308 1,260,928

Weekly changes 0 0 0 0 + 1 + 26,390 + 26,391

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1 1,479 0 0 0 0 1,480

Reverse repurchase agreements6 85,555 0 ... ... ... ... 85,555

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

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jul 24, 2013

Mortgage-backed securities held outright1 1,260,928

Commitments to buy mortgage-backed securities2 73,410

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 85

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jul 24, 2013

Net portfolio holdings of Maiden Lane LLC1 1,414

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 Jul 24, 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 Jul 24, 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 Jul 24, 2013

Asset-backed securities holdings1 0

Other investments, net 268

Net portfolio holdings of TALF LLC 268

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program

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

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

terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and

the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 24, 2013 Jul 17, 2013 Jul 25, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,973 - 5 - 137

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 3,499,482 + 34,794 + 758,563

Securities held outright1 3,297,452 + 34,722 + 701,629

U.S. Treasury securities 1,970,003 + 8,332 + 318,571

Bills2 0 0 - 5,938

Notes and bonds, nominal2 1,872,698 + 8,293 + 306,183

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

Inflation compensation3 12,899 + 39 + 3,005

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

Mortgage-backed securities4 1,260,928 + 26,391 + 407,566

Unamortized premiums on securities held outright5 204,717 + 209 + 61,272

Unamortized discounts on securities held outright5 -3,031 - 118 - 988

Repurchase agreements6 0 0 0

Loans 344 - 21 - 3,349

Net portfolio holdings of Maiden Lane LLC7 1,414 0 - 667

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

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 7,133

Net portfolio holdings of TALF LLC10 268 0 - 580

Items in process of collection (0) 91 - 19 - 56

Bank premises 2,296 + 2 - 64

Central bank liquidity swaps11 1,480 + 1 - 25,752

Foreign currency denominated assets12 23,623 + 99 - 1,322

Other assets13 27,624 + 1,841 + 4,963

Total assets (0) 3,574,574 + 36,713 + 727,817

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 24, 2013 Jul 17, 2013 Jul 25, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,151,986 - 605 + 82,273

Reverse repurchase agreements14 85,555 - 2,964 - 1,946

Deposits (0) 2,272,721 + 40,112 + 650,577

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

Other deposits held by depository institutions 2,099,329 - 41,108 + 531,462

U.S. Treasury, General Account 50,966 - 16,199 + 12,708

Foreign official 10,410 + 466 + 7,845

Other (0) 100,102 + 85,038 + 89,688

Deferred availability cash items (0) 863 + 20 + 65

Other liabilities and accrued dividends15 8,417 + 148 - 3,505

Total liabilities (0) 3,519,542 + 36,712 + 727,464

Capital accounts

Capital paid in 27,516 0 + 177

Surplus 27,516 0 + 177

Other capital accounts 0 0 0

Total capital 55,032 + 1 + 354

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

amortization is on an effective-interest basis.

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

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

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

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

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

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

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

central bank.

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, July 24, 2013

Millions of dollars

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

Assets

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

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

Coin 1,973 32 84 121 137 335 196 288 29 48 160 197 345

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 3,499,482 91,499 1,940,631 101,385 89,364 217,579 232,466 189,109 56,322 33,234 66,217 135,889 345,787

Securities held outright1 3,297,452 86,225 1,828,572 95,541 84,214 205,038 219,045 178,183 53,057 31,290 62,384 128,048 325,854

U.S. Treasury securities 1,970,003 51,514 1,092,448 57,079 50,312 122,496 130,865 106,452 31,698 18,694 37,270 76,500 194,676

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

Notes and bonds3 1,970,003 51,514 1,092,448 57,079 50,312 122,496 130,865 106,452 31,698 18,694 37,270 76,500 194,676

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

Mortgage-backed securities4 1,260,928 32,972 699,236 36,534 32,203 78,406 83,762 68,136 20,289 11,965 23,855 48,965 124,605

Unamortized premiums on securities 

held outright5 204,717 5,353 113,524 5,932 5,228 12,729 13,599 11,062 3,294 1,943 3,873 7,950 20,230

Unamortized discounts on securities 

held outright5 -3,031 -79 -1,681 -88 -77 -188 -201 -164 -49 -29 -57 -118 -300

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

Loans 344 0 215 0 0 0 22 28 20 30 18 8 2

Net portfolio holdings of Maiden

Lane LLC7 1,414 0 1,414 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC10 268 0 268 0 0 0 0 0 0 0 0 0 0

Items in process of collection 91 0 0 0 0 0 86 0 0 5 0 0 0

Bank premises 2,296 120 429 72 113 230 212 202 128 101 250 234 206

Central bank liquidity swaps11 1,480 73 473 114 115 311 84 42 12 6 15 23 210

Foreign currency denominated assets12 23,623 1,161 7,554 1,827 1,842 4,960 1,346 674 197 99 239 375 3,350

Other assets13 27,624 759 14,867 810 720 1,905 1,848 1,483 485 325 546 1,176 2,700

Interdistrict settlement account 0 - 28,074 + 308,511 - 29,681 - 22,217 - 41,621 - 45,839 - 50,001 - 15,231 - 14,133 - 22,697 - 37,715 - 1,302

Total assets 3,574,574 66,157 2,280,061 75,257 70,824 184,967 192,473 143,012 42,404 19,964 45,192 101,189 353,076

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

9. Statement of Condition of Each Federal Reserve Bank, July 24, 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 1,473,451 46,664 551,884 45,993 61,387 111,627 181,478 96,007 37,078 23,420 39,638 113,502 164,775

Less: Notes held by F.R. Banks 321,465 13,252 92,809 8,640 10,110 13,954 34,882 21,319 4,780 10,890 13,239 60,468 37,121

Federal Reserve notes, net 1,151,986 33,412 459,075 37,353 51,277 97,673 146,596 74,687 32,297 12,530 26,399 53,034 127,653

Reverse repurchase agreements14 85,555 2,237 47,444 2,479 2,185 5,320 5,683 4,623 1,377 812 1,619 3,322 8,455

Deposits 2,272,721 27,715 1,750,716 30,982 12,799 69,901 35,900 61,828 8,101 6,048 16,463 43,647 208,621

Term deposits held by depository

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

Other deposits held by depository

institutions 2,099,329 27,707 1,581,395 30,147 12,796 68,799 35,188 61,664 8,101 5,978 16,311 43,639 207,605

U.S. Treasury, General Account 50,966 0 50,966 0 0 0 0 0 0 0 0 0 0

Foreign official 10,410 2 10,383 3 3 8 2 1 0 0 0 1 6

Other 100,102 0 99,962 32 0 49 10 35 0 0 1 2 10

Deferred availability cash items 863 0 0 0 0 0 666 0 0 197 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,486 33 847 25 32 79 105 89 26 16 32 63 140

Other liabilities and accrued

dividends16 6,931 161 4,432 192 184 463 330 273 138 129 118 202 309

Total liabilities 3,519,542 63,559 2,262,513 71,031 66,478 173,435 189,280 141,501 41,939 19,731 44,630 100,268 345,177

Capital

Capital paid in 27,516 1,299 8,774 2,113 2,173 5,766 1,597 756 232 117 281 460 3,950

Surplus 27,516 1,299 8,774 2,113 2,173 5,766 1,597 756 232 117 281 460 3,950

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

Total liabilities and capital 3,574,574 66,157 2,280,061 75,257 70,824 184,967 192,473 143,012 42,404 19,964 45,192 101,189 353,076

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

9. Statement of Condition of Each Federal Reserve Bank, July 24, 2013 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

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

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

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

12. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jul 24, 2013

Federal Reserve notes outstanding 1,473,451

Less: Notes held by F.R. Banks not subject to collateralization 321,465

Federal Reserve notes to be collateralized 1,151,986

Collateral held against Federal Reserve notes 1,151,986

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,135,749

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,297,452

Less: Face value of securities under reverse repurchase agreements 76,558

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,220,895

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.