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 August 8, 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 Aug 7, 2013 Federal Reserve Banks Aug 7, 2013 Jul 31, 2013 Aug 8, 2012 Reserve Bank credit 3,534,531 + 10,320 + 726,864 3,542,151 Securities held outright (1) 3,300,389 + 9,550 + 706,400 3,306,860 U.S. Treasury securities 1,986,904 + 9,536 + 337,435 1,993,375 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 1,889,526 + 9,488 + 318,997 1,895,978 Notes and bonds, inflation-indexed (2) 84,406 0 + 15,320 84,406 Inflation compensation (3) 12,972 + 48 + 3,117 12,991 Federal agency debt securities (2) 66,521 0 - 24,508 66,521 Mortgage-backed securities (4) 1,246,964 + 14 + 393,474 1,246,964 Unamortized premiums on securities held outright (5) 203,896 - 335 + 58,774 203,894 Unamortized discounts on securities held outright (5) -3,265 - 140 - 1,289 -3,322 Repurchase agreements (6) 0 0 - 261 0 Loans 316 - 35 - 3,328 319 Primary credit 7 - 4 + 5 6 Secondary credit 0 0 0 0 Seasonal credit 125 - 4 - 8 128 Term Asset-Backed Securities Loan Facility (7) 185 - 26 - 3,324 185 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,489 + 64 - 596 1,490 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 7,360 22 Net portfolio holdings of TALF LLC (11) 247 - 21 - 601 195 Float -681 - 27 + 26 -238 Central bank liquidity swaps (12) 1,479 0 - 28,543 1,479 Other Federal Reserve assets (13) 30,575 + 1,264 + 3,639 31,388 Foreign currency denominated assets (14) 23,847 + 5 - 1,319 24,073 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,217 + 14 + 648 45,217 Total factors supplying reserve funds 3,619,836 + 10,338 + 726,193 3,627,682 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 Aug 7, 2013 Federal Reserve Banks Aug 7, 2013 Jul 31, 2013 Aug 8, 2012 Currency in circulation (15) 1,198,227 + 3,236 + 82,968 1,200,008 Reverse repurchase agreements (16) 91,827 + 2,557 - 1,271 93,140 Foreign official and international accounts 91,505 + 2,235 - 1,593 90,880 Others 323 + 323 + 323 2,260 Treasury cash holdings 145 + 9 + 21 151 Deposits with F.R. Banks, other than reserve balances 94,314 - 12,669 + 29,304 109,360 Term deposits held by depository institutions 11,913 0 + 8,873 11,913 U.S. Treasury, General Account 60,845 + 782 + 25,223 62,679 Foreign official 10,411 - 24 + 5,935 10,411 Other 11,144 - 13,428 - 10,727 24,357 Other liabilities and capital (17) 63,882 + 287 - 3,072 64,041 Total factors, other than reserve balances, absorbing reserve funds 1,448,396 - 6,579 + 107,951 1,466,700 Reserve balances with Federal Reserve Banks 2,171,441 + 16,919 + 618,242 2,160,982 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 Aug 7, 2013 Aug 7, 2013 Jul 31, 2013 Aug 8, 2012 Securities held in custody for foreign official and international accounts 3,268,591 + 3,866 + 135,597 3,268,411 Marketable U.S. Treasury securities (1) 2,924,292 + 6,305 + 160,549 2,923,399 Federal agency debt and mortgage-backed securities (2) 307,042 - 2,673 - 24,141 307,738 Other securities (3) 37,257 + 234 - 810 37,274 Securities lent to dealers 8,610 - 433 - 2,292 9,353 Overnight facility (4) 8,610 - 433 - 2,292 9,353 U.S. Treasury securities 7,839 - 368 - 2,405 8,572 Federal agency debt securities 771 - 65 + 113 781 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, August 7, 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) 45 89 16 168 0 ... 319 U.S. Treasury securities (2) Holdings 0 4 381 599,758 874,709 518,522 1,993,375 Weekly changes 0 + 1 - 1 + 4,340 + 5,095 + 1,532 + 10,968 Federal agency debt securities (3) Holdings 808 6,633 16,953 39,718 62 2,347 66,521 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 2 2,569 1,244,393 1,246,964 Weekly changes 0 0 0 + 1 + 5 - 6 0 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) 1,293 186 0 0 0 0 1,479 Reverse repurchase agreements (6) 93,140 0 ... ... ... ... 93,140 Term deposits 11,913 0 0 ... ... ... 11,913 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Aug 7, 2013 Mortgage-backed securities held outright (1) 1,246,964 Commitments to buy mortgage-backed securities (2) 104,272 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 12 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 Aug 7, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,490 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 June 30, 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 Aug 7, 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 June 30, 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 Aug 7, 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 June 30, 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 Aug 7, 2013 Asset-backed securities holdings (1) 0 Other investments, net 195 Net portfolio holdings of TALF LLC 195 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 Aug 7, 2013 Wednesday Wednesday consolidation Jul 31, 2013 Aug 8, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,981 + 12 - 150 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,507,751 + 10,661 + 763,199 Securities held outright (1) 3,306,860 + 10,968 + 709,922 U.S. Treasury securities 1,993,375 + 10,968 + 340,959 Bills (2) 0 0 0 Notes and bonds, nominal (2) 1,895,978 + 10,915 + 322,494 Notes and bonds, inflation-indexed (2) 84,406 0 + 15,320 Inflation compensation (3) 12,991 + 53 + 3,145 Federal agency debt securities (2) 66,521 0 - 24,508 Mortgage-backed securities (4) 1,246,964 0 + 393,471 Unamortized premiums on securities held outright (5) 203,894 - 207 + 58,537 Unamortized discounts on securities held outright (5) -3,322 - 100 - 1,347 Repurchase agreements (6) 0 0 - 600 Loans 319 - 1 - 3,312 Net portfolio holdings of Maiden Lane LLC (7) 1,490 + 2 - 595 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 7,389 Net portfolio holdings of TALF LLC (10) 195 - 73 - 653 Items in process of collection (0) 680 + 575 + 622 Bank premises 2,289 - 7 - 64 Central bank liquidity swaps (11) 1,479 0 - 28,543 Foreign currency denominated assets (12) 24,073 + 201 - 1,093 Other assets (13) 29,100 + 2,195 + 3,843 Total assets (0) 3,585,359 + 13,562 + 729,178 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 Aug 7, 2013 Wednesday Wednesday consolidation Jul 31, 2013 Aug 8, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,156,918 + 2,596 + 82,394 Reverse repurchase agreements (14) 93,140 + 2,055 + 1,635 Deposits (0) 2,270,342 + 7,782 + 646,925 Term deposits held by depository institutions 11,913 0 + 8,873 Other deposits held by depository institutions 2,160,982 + 40,139 + 600,761 U.S. Treasury, General Account 62,679 - 47,014 + 36,566 Foreign official 10,411 - 70 + 5,327 Other (0) 24,357 + 14,727 - 4,603 Deferred availability cash items (0) 918 - 3 + 22 Other liabilities and accrued dividends (15) 9,015 + 1,131 - 2,133 Total liabilities (0) 3,530,333 + 13,560 + 728,843 Capital accounts Capital paid in 27,513 + 1 + 167 Surplus 27,513 + 1 + 167 Other capital accounts 0 0 0 Total capital 55,026 + 2 + 335 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, August 7, 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 1,981 34 85 124 137 342 195 288 29 48 160 192 348 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,507,751 91,716 1,945,204 101,626 89,576 218,095 233,013 189,554 56,456 33,321 66,374 136,210 346,604 Securities held outright (1) 3,306,860 86,471 1,833,789 95,814 84,454 205,623 219,670 178,691 53,208 31,380 62,562 128,413 326,784 U.S. Treasury securities 1,993,375 52,125 1,105,408 57,757 50,909 123,950 132,417 107,715 32,074 18,916 37,712 77,408 196,985 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,993,375 52,125 1,105,408 57,757 50,909 123,950 132,417 107,715 32,074 18,916 37,712 77,408 196,985 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) 1,246,964 32,607 691,493 36,130 31,846 77,537 82,834 67,382 20,064 11,833 23,591 48,423 123,225 Unamortized premiums on securities held outright (5) 203,894 5,332 113,068 5,908 5,207 12,678 13,544 11,018 3,281 1,935 3,857 7,918 20,149 Unamortized discounts on securities held outright (5) -3,322 -87 -1,842 -96 -85 -207 -221 -180 -53 -32 -63 -129 -328 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 319 0 189 1 0 0 19 25 21 38 18 8 0 Net portfolio holdings of Maiden Lane LLC (7) 1,490 0 1,490 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) 195 0 195 0 0 0 0 0 0 0 0 0 0 Items in process of collection 680 0 0 0 0 0 679 0 0 0 0 0 0 Bank premises 2,289 119 428 72 112 229 212 200 128 101 249 234 205 Central bank liquidity swaps (11) 1,479 73 473 114 115 311 84 42 12 6 15 23 210 Foreign currency denominated assets (12) 24,073 1,183 7,698 1,862 1,877 5,055 1,371 686 201 101 244 382 3,414 Other assets (13) 29,100 797 15,712 853 760 1,997 1,958 1,571 519 342 574 1,167 2,849 Interdistrict settlement account 0 - 28,122 + 256,328 - 30,608 - 16,847 - 12,705 - 43,049 - 49,299 - 13,908 - 14,111 - 21,650 - 35,120 + 9,091 Total assets 3,585,359 66,386 2,233,441 74,649 76,481 214,592 196,538 144,259 43,896 20,088 46,429 104,098 364,501 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, August 7, 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 1,480,168 46,364 551,787 45,742 61,435 111,915 181,133 96,071 37,236 23,495 39,625 117,644 167,722 Less: Notes held by F.R. Banks 323,250 13,099 91,730 8,978 9,692 14,136 34,835 22,369 4,727 11,014 13,425 61,766 37,478 Federal Reserve notes, net 1,156,918 33,264 460,057 36,764 51,743 97,778 146,298 73,702 32,509 12,481 26,200 55,878 130,244 Reverse repurchase agreements (14) 93,140 2,436 51,650 2,699 2,379 5,792 6,187 5,033 1,499 884 1,762 3,617 9,204 Deposits 2,270,342 27,856 1,699,011 30,683 17,737 98,820 39,531 63,582 9,240 6,226 17,734 43,373 216,548 Term deposits held by depository institutions 11,913 5 8,010 800 0 1,045 700 128 0 70 150 5 1,000 Other deposits held by depository institutions 2,160,982 27,848 1,594,001 29,849 17,731 97,441 38,819 63,417 9,240 6,156 17,582 43,366 215,532 U.S. Treasury, General Account 62,679 0 62,679 0 0 0 0 0 0 0 0 0 0 Foreign official 10,411 2 10,384 3 3 8 2 1 0 0 0 1 6 Other 24,357 0 23,938 31 4 325 10 35 0 0 1 2 10 Deferred availability cash items 918 0 0 0 0 0 805 0 0 112 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,907 52 1,029 67 56 143 123 101 28 16 33 67 192 Other liabilities and accrued dividends (16) 7,108 181 4,148 211 214 538 400 328 157 136 137 242 417 Total liabilities 3,530,333 63,789 2,215,895 70,424 72,129 203,070 193,344 142,746 43,432 19,855 45,866 103,177 356,604 Capital Capital paid in 27,513 1,299 8,773 2,113 2,176 5,761 1,597 756 232 117 281 461 3,949 Surplus 27,513 1,299 8,773 2,113 2,176 5,761 1,597 756 232 117 281 461 3,949 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,585,359 66,386 2,233,441 74,649 76,481 214,592 196,538 144,259 43,896 20,088 46,429 104,098 364,501 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, August 7, 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 Aug 7, 2013 Federal Reserve notes outstanding 1,480,168 Less: Notes held by F.R. Banks not subject to collateralization 323,250 Federal Reserve notes to be collateralized 1,156,918 Collateral held against Federal Reserve notes 1,156,918 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,140,681 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,306,860 Less: Face value of securities under reverse repurchase agreements 83,339 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,223,521 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.