FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 18, 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  Jul 17, 2013 
Federal Reserve Banks                                     Jul 17, 2013 Jul 10, 2013 Jul 18, 2012              

Reserve Bank credit                                         3,477,581   +   21,264   +  643,961    3,495,279  
  Securities held outright (1)                              3,245,013   +   19,666   +  632,416    3,262,730  
    U.S. Treasury securities                                1,958,687   +   10,659   +  304,292    1,961,671  
      Bills (2)                                                     0            0   -    8,356            0  
      Notes and bonds, nominal (2)                          1,861,660   +    9,275   +  294,739    1,864,405  
      Notes and bonds, inflation-indexed (2)                   84,209   +    1,183   +   15,037       84,406  
      Inflation compensation (3)                               12,819   +      202   +    2,873       12,860  
    Federal agency debt securities (2)                         66,975   -    2,205   -   24,314       66,521  
    Mortgage-backed securities (4)                          1,219,350   +   11,211   +  352,437    1,234,537  
  Unamortized premiums on securities held outright (5)        204,241   +      373   +   62,787      204,508  
  Unamortized discounts on securities held outright (5)        -2,749   -      282   -      665       -2,913  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           365   +        5   -    4,259          365  
    Primary credit                                                 13   -        1   -       52           17  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               110   +       19   +       16          107  
    Term Asset-Backed Securities Loan Facility (7)                242   -       13   -    4,223          240  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,415   +        1   -      951        1,414  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +       46           64  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -   11,743           22  
  Net portfolio holdings of TALF LLC (11)                         268   -        2   -      577          268  
  Float                                                          -779   +      125   -      130         -733  
  Central bank liquidity swaps (12)                             1,479   -       28   -   29,073        1,479  
  Other Federal Reserve assets (13)                            28,243   +    1,406   -    3,887       28,076  
Foreign currency denominated assets (14)                       23,518   +      348   -    1,407       23,524  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,183   +       14   +      643       45,183  
                                                                                                              
Total factors supplying reserve funds                       3,562,524   +   21,627   +  643,198    3,580,228  

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  Jul 17, 2013 
Federal Reserve Banks                                     Jul 17, 2013 Jul 10, 2013 Jul 18, 2012              

Currency in circulation (15)                                 1,196,414   -    4,658   +   83,346    1,195,673 
Reverse repurchase agreements (16)                              92,425   +    2,690   +    1,510       88,519 
  Foreign official and international accounts                   92,425   +    2,690   +    1,510       88,519 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             119   -        7   +        3          127 
Deposits with F.R. Banks, other than reserve balances          117,815   +      761   +   19,018       92,172 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                70,158   -   18,532   +    7,137       67,165 
  Foreign official                                               9,944   -       14   +    7,376        9,944 
  Service-related                                                    0            0            0            0 
    Required clearing balances                                       0            0            0            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         37,714   +   19,308   +    4,507       15,064 
Other liabilities and capital (17)                              63,461   +    1,141   -    9,658       63,300 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,470,234   -       72   +   94,219    1,439,791 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,092,289   +   21,698   +  548,978    2,140,437 

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  Jul 17, 2013 
                                                          Jul 17, 2013 Jul 10, 2013 Jul 18, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,278,283   -    6,386   +  160,210    3,273,222 
  Marketable U.S. Treasury securities (1)                    2,942,013   -    3,681   +  198,528    2,939,560 
  Federal agency debt and mortgage-backed securities (2)       298,661   -    1,833   -   38,529      296,901 
  Other securities (3)                                          37,609   -      872   +      210       36,761 
Securities lent to dealers                                      10,606   -    1,278   -      852       13,003 
  Overnight facility (4)                                        10,606   -    1,278   -      852       13,003 
    U.S. Treasury securities                                     9,831   -    1,134   -      889       12,285 
    Federal agency debt securities                                 775   -      144   +       37          718 

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 17, 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)                                      113            11             0           240             0           ...           365 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1             3           342       570,934       879,318       511,073     1,961,671 
  Weekly changes                                 0    -        1             0    +    1,056    +    2,646    +    5,441    +    9,142 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         6,356        17,515        40,241            62         2,347        66,521 
  Weekly changes                        -    2,659    +      487    +      522    -    1,009             0             0    -    2,659 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             1         2,617     1,231,918     1,234,537 
  Weekly changes                                 0             0             0             0    -       18    +   26,403    +   26,385 
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)                27         1,452             0             0             0             0         1,479 
                                                                                                                                       
Reverse repurchase agreements (6)           88,519             0           ...           ...           ...           ...        88,519 
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   
                                                                                                                      Jul 17, 2013  

Mortgage-backed securities held outright (1)                                                                             1,234,537  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           87,358  
Commitments to sell mortgage-backed securities (2)                                                                           1,150  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   70  



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   
                                                                                                                      Jul 17, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,414  
                                                                                                                                    
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   
                                                                                                                      Jul 17, 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   
                                                                                                                      Jul 17, 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   
                                                                                                                      Jul 17, 2013  

Asset-backed securities holdings (1)                                                                                             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 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) 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.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 17, 2013   Wednesday    Wednesday  
                                                        consolidation                Jul 10, 2013 Jul 18, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,978   +       10   -      125  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,464,688   +   33,013   +  717,076  
    Securities held outright (1)                                          3,262,730   +   32,869   +  659,992  
      U.S. Treasury securities                                            1,961,671   +    9,142   +  312,977  
        Bills (2)                                                                 0            0   -    8,356  
        Notes and bonds, nominal (2)                                      1,864,405   +    7,533   +  303,067  
        Notes and bonds, inflation-indexed (2)                               84,406   +    1,380   +   15,320  
        Inflation compensation (3)                                           12,860   +      229   +    2,946  
      Federal agency debt securities (2)                                     66,521   -    2,659   -   24,508  
      Mortgage-backed securities (4)                                      1,234,537   +   26,385   +  371,522  
    Unamortized premiums on securities held outright  
    (5)                                                                     204,508   +      551   +   62,134  
    Unamortized discounts on securities held outright 
    (5)                                                                      -2,913   -      402   -      845  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       365   -        4   -    4,203  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,414   -        1   -      614  
  Net portfolio holdings of Maiden Lane II LLC (8)                               64            0   +       46  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0   -    6,142  
  Net portfolio holdings of TALF LLC (10)                                       268            0   -      577  
  Items in process of collection                                   (0)          110   +       15   -       39  
  Bank premises                                                               2,294            0   -       65  
  Central bank liquidity swaps (11)                                           1,479            0   -   29,073  
  Foreign currency denominated assets (12)                                   23,524   +      308   -    1,471  
  Other assets (13)                                                          25,783   +      420   +    3,038  
                                                                                                               
Total assets                                                       (0)    3,537,861   +   33,766   +  682,054  

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       Jul 17, 2013   Wednesday    Wednesday  
                                                        consolidation                Jul 10, 2013 Jul 18, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,152,591   -    4,265   +   82,373 
  Reverse repurchase agreements (14)                                          88,519   +    2,616   +      525 
  Deposits                                                          (0)    2,232,609   +   33,573   +  602,026 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,140,437   +   57,384   +  603,150 
    U.S. Treasury, General Account                                            67,165   -    8,089   +    8,495 
    Foreign official                                                           9,944            0   +    7,368 
    Other                                                           (0)       15,064   -   15,721   -   16,986 
  Deferred availability cash items                                  (0)          843   -       36   -       85 
  Other liabilities and accrued dividends (15)                                 8,269   +    1,830   -    3,138 
                                                                                                               
Total liabilities                                                   (0)    3,482,830   +   33,718   +  681,700 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,516   +       24   +      178 
  Surplus                                                                     27,516   +       24   +      178 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,031   +       48   +      355 

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, July 17, 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                                             1,978          33          86          120         136         340         200         289          28          49         158         196         344
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,464,688      90,589   1,921,350      100,376      88,475     215,414     230,150     187,233      55,757      32,897      65,559     134,533     342,355
    Securities held outright (1)               3,262,730      85,317   1,809,317       94,535      83,327     202,879     216,739     176,306      52,498      30,961      61,727     126,700     322,423
      U.S. Treasury securities                 1,961,671      51,296   1,087,827       56,838      50,099     121,978     130,311     106,002      31,564      18,615      37,113      76,177     193,852
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,961,671      51,296   1,087,827       56,838      50,099     121,978     130,311     106,002      31,564      18,615      37,113      76,177     193,852
      Federal agency debt securities (2)          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 securities (4)           1,234,537      32,282     684,601       35,770      31,529      76,765      82,009      66,710      19,864      11,715      23,356      47,940     121,997
    Unamortized premiums on securities held 
      outright (5)                               204,508       5,348     113,408        5,925       5,223      12,716      13,585      11,051       3,291       1,941       3,869       7,942      20,209
    Unamortized discounts on securities     
      held outright (5)                           -2,913         -76      -1,616          -84         -74        -181        -194        -157         -47         -28         -55        -113        -288
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            365           0         241            0           0           0          19          33          15          24          17           5          10
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,414           0       1,414            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)            268           0         268            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     110           0           0            0           0           0         109           0           0           0           0           0           0
  Bank premises                                    2,294         120         429           72         113         229         212         201         128         101         250         234         206
  Central bank liquidity swaps (11)                1,479          73         473          114         115         311          84          42          12           6          15          23         210
  Foreign currency denominated assets (12)        23,524       1,156       7,522        1,819       1,835       4,940       1,340         671         196          99         238         373       3,336
  Other assets (13)                               25,783         712      13,872          758         674       1,789       1,722       1,386         455         308         510       1,073       2,524
  Interdistrict settlement account                     0  -   27,711  +  266,773   -   28,786  -   20,137  -   31,237  -   38,674  -   42,782  -   13,574  -   13,775  -   21,389  -   37,099  +    8,391
                                                                                                                                                                                                         
Total assets                                   3,537,861      65,558   2,218,018       75,081      71,959     193,054     197,217     148,254      43,463      19,965      45,802     100,344     359,145

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, July 17, 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            1,469,618      46,698     552,401      46,015      61,063     111,180     181,524      95,715      37,029      23,436      39,498     111,519     163,541
    Less: Notes held by F.R. Banks               317,027      13,121      93,535       8,068       9,759      13,417      34,808      20,340       4,576      10,829      13,238      59,361      35,975
      Federal Reserve notes, net               1,152,591      33,578     458,866      37,947      51,303      97,763     146,716      75,376      32,453      12,607      26,260      52,158     127,566
  Reverse repurchase agreements (14)              88,519       2,315      49,087       2,565       2,261       5,504       5,880       4,783       1,424         840       1,675       3,437       8,747
  Deposits                                     2,232,609      26,856   1,687,554      30,101      13,804      77,649      40,266      66,219       8,957       6,023      17,157      43,561     214,461
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,140,437      26,852   1,595,556      30,066      13,801      77,587      40,254      66,183       8,957       6,023      17,155      43,558     214,446
    U.S. Treasury, General Account                67,165           0      67,165           0           0           0           0           0           0           0           0           0           0
    Foreign official                               9,944           2       9,916           3           3           8           2           1           0           0           0           1           6
    Other                                         15,064           2      14,917          32           0          53          10          35           0           0           1           3          10
  Deferred availability cash items                   843           0           0           0           0           0         725           0           0         118           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,731          54         918          62          62         148         108          87          26          14          29          62         163
  Other liabilities and accrued             
     dividends (16)                                6,537         158       4,046         180         184         459         330         279         139         131         119         205         309
                                                                                                                                                                                                        
Total liabilities                              3,482,830      62,960   2,200,471      70,856      67,614     181,523     194,024     146,743      42,999      19,732      45,240      99,424     351,246
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,516       1,299       8,774       2,113       2,173       5,765       1,597         756         232         117         281         460       3,950
  Surplus                                         27,516       1,299       8,774       2,113       2,173       5,765       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                  3,537,861      65,558   2,218,018      75,081      71,959     193,054     197,217     148,254      43,463      19,965      45,802     100,344     359,145

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, July 17, 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   
                                                                                          Jul 17, 2013  

Federal Reserve notes outstanding                                                            1,469,618  
  Less: Notes held by F.R. Banks not subject to collateralization                              317,027  
    Federal Reserve notes to be collateralized                                               1,152,591  
Collateral held against Federal Reserve notes                                                1,152,591  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,136,354  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,262,730  
  Less: Face value of securities under reverse repurchase agreements                            81,204  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,181,526  

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.