FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 4, 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 Apr 3, 2013 Federal Reserve Banks Apr 3, 2013 Mar 27, 2013 Apr 4, 2012 Reserve Bank credit 3,190,711 + 3,313 + 347,747 3,197,859 Securities held outright (1) 2,942,620 + 2,430 + 344,558 2,949,036 U.S. Treasury securities 1,799,240 + 10,852 + 134,447 1,805,639 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,709,448 + 10,778 + 141,170 1,715,791 Notes and bonds, inflation-indexed (2) 78,879 0 + 10,019 78,879 Inflation compensation (3) 10,913 + 73 + 1,681 10,969 Federal agency debt securities (2) 72,423 0 - 24,055 72,423 Mortgage-backed securities (4) 1,070,957 - 8,422 + 234,165 1,070,974 Repurchase agreements (5) 0 0 0 0 Loans 392 + 2 - 6,678 394 Primary credit 8 0 - 2 6 Secondary credit 0 0 0 0 Seasonal credit 2 + 2 - 2 6 Term Asset-Backed Securities Loan Facility (6) 382 0 - 6,674 382 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,402 0 - 4,039 1,402 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45 64 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,444 22 Net portfolio holdings of TALF LLC (10) 399 0 - 432 399 Float -676 - 63 + 358 -752 Central bank liquidity swaps (11) 8,056 - 209 - 38,426 8,056 Other Federal Reserve assets (12) 238,433 + 1,154 + 69,805 239,238 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,933 + 14 + 544 44,933 Total factors supplying reserve funds 3,251,885 + 3,327 + 348,291 3,259,033 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 Apr 3, 2013 Federal Reserve Banks Apr 3, 2013 Mar 27, 2013 Apr 4, 2012 Currency in circulation (13) 1,177,749 + 2,840 + 78,272 1,179,564 Reverse repurchase agreements (14) 100,156 + 8,524 + 10,634 94,167 Foreign official and international accounts 100,119 + 8,487 + 10,597 93,907 Others 37 + 37 + 37 260 Treasury cash holdings 230 + 4 + 81 219 Deposits with F.R. Banks, other than reserve balances 105,619 - 32,986 + 13,654 80,588 Term deposits held by depository institutions 3,045 0 - 12 3,045 U.S. Treasury, General Account 76,144 + 8,125 + 21,245 60,060 Foreign official 9,189 + 75 + 9,062 9,186 Service-related 0 0 - 1,937 0 Required clearing balances 0 0 - 1,937 0 Adjustments to compensate for float 0 0 0 0 Other 17,240 - 41,187 - 14,705 8,298 Other liabilities and capital (15) 67,031 + 214 - 6,841 66,666 Total factors, other than reserve balances, absorbing reserve funds 1,450,784 - 21,405 + 95,800 1,421,204 Reserve balances with Federal Reserve Banks 1,801,101 + 24,732 + 252,491 1,837,830 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. Cash value of agreements. 6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 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. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 13. Estimated. 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. 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 Apr 3, 2013 Apr 3, 2013 Mar 27, 2013 Apr 4, 2012 Securities held in custody for foreign official and international accounts 3,295,463 + 4,133 + 193,051 3,293,207 Marketable U.S. Treasury securities (1) 2,956,840 + 5,773 + 281,089 2,954,614 Federal agency debt and mortgage-backed securities (2) 300,621 - 1,674 - 88,223 300,607 Other securities (3) 38,003 + 36 + 186 37,986 Securities lent to dealers 23,770 + 6,706 + 3,165 18,130 Overnight facility (4) 23,770 + 6,706 + 3,165 18,130 U.S. Treasury securities 22,674 + 6,688 + 2,857 17,155 Federal agency debt securities 1,095 + 17 + 307 975 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the underlying mortgages. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 3, 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) 6 6 0 382 0 ... 394 U.S. Treasury securities (2) Holdings 1 6 308 462,022 882,819 460,484 1,805,639 Weekly changes 0 0 + 1 + 19,590 - 11,613 + 3,202 + 11,180 Federal agency debt securities (3) Holdings 370 2,873 21,837 42,952 2,044 2,347 72,423 Weekly changes 0 + 1,478 - 1,478 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 1 1 2,599 1,068,373 1,070,974 Weekly changes 0 0 0 0 + 39 + 3 + 42 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) 505 7,551 0 0 0 0 8,056 Reverse repurchase agreements (6) 94,167 0 ... ... ... ... 94,167 Term deposits 3,045 0 0 ... ... ... 3,045 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 Apr 3, 2013 Mortgage-backed securities held outright (1) 1,070,974 Commitments to buy mortgage-backed securities (2) 108,243 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 68 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 Apr 3, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,402 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 December 31, 2012. 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 Apr 3, 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 December 31, 2012. 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 Apr 3, 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 December 31, 2012. 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 Apr 3, 2013 Asset-backed securities holdings (1) 0 Other investments, net 399 Net portfolio holdings of TALF LLC 399 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Apr 3, 2013 Wednesday Wednesday consolidation Mar 27, 2013 Apr 4, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,097 - 11 - 196 Securities, repurchase agreements, and loans 2,949,430 + 11,231 + 339,715 Securities held outright (1) 2,949,036 + 11,222 + 346,394 U.S. Treasury securities 1,805,639 + 11,180 + 136,268 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,715,791 + 11,072 + 144,304 Notes and bonds, inflation-indexed (2) 78,879 0 + 8,865 Inflation compensation (3) 10,969 + 107 + 1,522 Federal agency debt securities (2) 72,423 0 - 24,055 Mortgage-backed securities (4) 1,070,974 + 42 + 234,181 Repurchase agreements (5) 0 0 0 Loans 394 + 9 - 6,678 Net portfolio holdings of Maiden Lane LLC (6) 1,402 - 1 - 4,038 Net portfolio holdings of Maiden Lane II LLC (7) 64 0 + 45 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,485 Net portfolio holdings of TALF LLC (9) 399 0 - 432 Items in process of collection (0) 127 + 2 + 714 Bank premises 2,297 - 6 - 55 Central bank liquidity swaps (10) 8,056 - 209 - 38,426 Other assets (11) 236,941 + 2,140 + 69,428 Total assets (0) 3,217,072 + 13,146 + 349,272 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 Apr 3, 2013 Wednesday Wednesday consolidation Mar 27, 2013 Apr 4, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,136,943 + 1,848 + 77,423 Reverse repurchase agreements (12) 94,167 + 1,626 + 10,816 Deposits (0) 1,918,418 + 8,834 + 267,411 Term deposits held by depository institutions 3,045 0 - 12 Other deposits held by depository institutions 1,837,830 + 8,218 + 275,478 U.S. Treasury, General Account 60,060 + 6,842 + 3,286 Foreign official 9,186 + 79 + 9,059 Other (0) 8,298 - 6,303 - 20,399 Deferred availability cash items (0) 879 + 88 - 408 Other liabilities and accrued dividends (13) 11,533 + 745 - 6,668 Total liabilities (0) 3,161,940 + 13,142 + 348,574 Capital accounts Capital paid in 27,566 + 2 + 349 Surplus 27,566 + 2 + 349 Other capital accounts 0 0 0 Total capital 55,132 + 4 + 698 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. 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, April 3, 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 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,097 40 105 137 154 375 188 309 30 54 163 189 352 Securities, repurchase agreements, and loans 2,949,430 71,627 1,653,772 97,489 74,977 209,892 177,807 163,604 46,106 26,809 59,251 114,585 253,512 Securities held outright (1) 2,949,036 71,627 1,653,390 97,489 74,977 209,887 177,807 163,600 46,105 26,809 59,247 114,585 253,512 U.S. Treasury securities 1,805,639 43,856 1,012,340 59,691 45,907 128,510 108,868 100,169 28,229 16,415 36,276 70,158 155,221 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,805,639 43,856 1,012,340 59,691 45,907 128,510 108,868 100,169 28,229 16,415 36,276 70,158 155,221 Federal agency debt securities (2) 72,423 1,759 40,604 2,394 1,841 5,154 4,367 4,018 1,132 658 1,455 2,814 6,226 Mortgage-backed securities (4) 1,070,974 26,012 600,446 35,404 27,229 76,223 64,572 59,413 16,744 9,736 21,516 41,613 92,066 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 394 0 382 0 0 5 0 4 0 0 3 0 0 Net portfolio holdings of Maiden Lane LLC (6) 1,402 0 1,402 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 64 0 64 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 22 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 399 0 399 0 0 0 0 0 0 0 0 0 0 Items in process of collection 127 0 0 0 0 0 126 0 0 0 0 0 0 Bank premises 2,297 118 427 71 114 229 213 201 129 102 251 236 207 Central bank liquidity swaps (10) 8,056 396 2,575 623 628 1,692 459 230 67 34 82 128 1,143 Other assets (11) 236,941 6,386 126,652 8,899 7,297 20,361 14,249 12,497 3,571 2,095 4,541 8,691 21,701 Interdistrict settlement account 0 - 5,017 + 18,876 - 17,493 - 3,518 - 43,539 + 11,072 - 18,749 - 235 - 1,837 - 10,654 - 13,912 + 85,006 Total assets 3,217,072 74,153 1,809,936 90,373 80,405 190,312 206,104 159,354 50,132 27,540 54,101 110,924 363,737 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, April 3, 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 1,404,439 46,860 528,332 46,602 60,934 102,273 174,254 94,633 36,729 23,509 37,487 98,012 154,813 Less: Notes held by F.R. Banks 267,497 11,103 97,618 4,159 8,780 10,848 31,134 14,498 3,270 7,391 10,113 44,094 24,488 Federal Reserve notes, net 1,136,943 35,757 430,714 42,443 52,154 91,426 143,120 80,135 33,459 16,118 27,374 53,918 130,325 Reverse repurchase agreements (12) 94,167 2,287 52,795 3,113 2,394 6,702 5,678 5,224 1,472 856 1,892 3,659 8,095 Deposits 1,918,418 33,184 1,302,203 40,155 21,246 79,706 52,752 71,866 14,521 10,066 24,056 52,038 216,625 Term deposits held by depository institutions 3,045 10 1,762 0 0 40 388 5 0 100 205 5 530 Other deposits held by depository institutions 1,837,830 33,171 1,223,211 40,115 21,243 79,455 52,355 71,835 14,520 9,966 23,849 52,030 216,080 U.S. Treasury, General Account 60,060 0 60,060 0 0 0 0 0 0 0 0 0 0 Foreign official 9,186 2 9,158 3 3 8 2 1 0 0 0 1 6 Other 8,298 0 8,012 37 0 203 7 26 0 0 1 2 9 Deferred availability cash items 879 0 0 0 0 0 779 0 0 100 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,535 95 851 51 39 38 101 83 25 14 29 58 153 Other liabilities and accrued dividends (14) 9,998 245 5,852 321 293 772 532 474 192 154 188 338 636 Total liabilities 3,161,940 71,567 1,792,415 86,083 76,126 178,644 202,963 157,782 49,669 27,308 53,539 110,011 355,833 Capital Capital paid in 27,566 1,293 8,761 2,145 2,139 5,834 1,571 786 232 116 281 457 3,952 Surplus 27,566 1,293 8,761 2,145 2,139 5,834 1,571 786 232 116 281 457 3,952 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,217,072 74,153 1,809,936 90,373 80,405 190,312 206,104 159,354 50,132 27,540 54,101 110,924 363,737 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, April 3, 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation below. 7. Refer to table 5 and the note on consolidation below. 8. Refer to table 6 and the note on consolidation below. 9. Refer to table 7 and the note on consolidation below. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. 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. 14. 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 Apr 3, 2013 Federal Reserve notes outstanding 1,404,439 Less: Notes held by F.R. Banks not subject to collateralization 267,497 Federal Reserve notes to be collateralized 1,136,943 Collateral held against Federal Reserve notes 1,136,943 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,120,706 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,949,036 Less: Face value of securities under reverse repurchase agreements 83,389 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,865,646 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.