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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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Aug 7, 2013

Week ended
Aug 7, 2013

Change from week ended

Jul 31, 2013

Aug 8, 2012

Reserve Bank credit

3,534,531

+   10,320

+  726,864

3,542,151

Securities held outright1

3,300,389

+    9,550

+  706,400

3,306,860

U.S. Treasury securities

1,986,904

+    9,536

+  337,435

1,993,375

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,889,526

+    9,488

+  318,997

1,895,978

Notes and bonds, inflation-indexed2

    84,406

         0

+   15,320

    84,406

Inflation compensation3

    12,972

+       48

+    3,117

    12,991

Federal agency debt securities2

    66,521

         0

-   24,508

    66,521

Mortgage-backed securities4

1,246,964

+       14

+  393,474

1,246,964

Unamortized premiums on securities held outright5

   203,896

-      335

+   58,774

   203,894

Unamortized discounts on securities held outright5

    -3,265

-      140

-    1,289

    -3,322

Repurchase agreements6

         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 Facility7

       185

-       26

-    3,324

       185

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,489

+       64

-      596

     1,490

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    7,360

        22

Net portfolio holdings of TALF LLC11

       247

-       21

-      601

       195

Float

      -681

-       27

+       26

      -238

Central bank liquidity swaps12

     1,479

         0

-   28,543

     1,479

Other Federal Reserve assets13

    30,575

+    1,264

+    3,639

    31,388

Foreign currency denominated assets14

    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 outstanding15

    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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Aug 7, 2013

Week ended
Aug 7, 2013

Change from week ended

Jul 31, 2013

Aug 8, 2012

Currency in circulation15

1,198,227

+    3,236

+   82,968

1,200,008

Reverse repurchase agreements16

    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 capital17

    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
Aug 7, 2013

Week ended
Aug 7, 2013

Change from week ended

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 securities1

2,924,292

+    6,305

+  160,549

2,923,399

Federal agency debt and mortgage-backed securities2

   307,042

-    2,673

-   24,141

   307,738

Other securities3

    37,257

+      234

-      810

    37,274

Securities lent to dealers

     8,610

-      433

-    2,292

     9,353

Overnight facility4

     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
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        45

        89

        16

       168

         0

...

       319

U.S. Treasury securities2

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 securities3

Holdings

       808

     6,633

    16,953

    39,718

        62

     2,347

    66,521

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

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 LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,293

       186

         0

         0

         0

         0

     1,479

Reverse repurchase agreements6

    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 outright1

1,246,964

Commitments to buy mortgage-backed securities2

   104,272

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        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 LLC1

     1,490

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 LLC1

        64

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 holdings1

         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 York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Aug 7, 2013

Change since

Wednesday

Wednesday

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 outright1

3,306,860

+   10,968

+  709,922

U.S. Treasury securities

1,993,375

+   10,968

+  340,959

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,895,978

+   10,915

+  322,494

Notes and bonds, inflation-indexed2

    84,406

         0

+   15,320

Inflation compensation3

    12,991

+       53

+    3,145

Federal agency debt securities2

    66,521

         0

-   24,508

Mortgage-backed securities4

1,246,964

         0

+  393,471

Unamortized premiums on securities held outright5

   203,894

-      207

+   58,537

Unamortized discounts on securities held outright5

    -3,322

-      100

-    1,347

Repurchase agreements6

         0

         0

-      600

Loans

       319

-        1

-    3,312

Net portfolio holdings of Maiden Lane LLC7

     1,490

+        2

-      595

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    7,389

Net portfolio holdings of TALF LLC10

       195

-       73

-      653

Items in process of collection

(0)

       680

+      575

+      622

Bank premises

     2,289

-        7

-       64

Central bank liquidity swaps11

     1,479

         0

-   28,543

Foreign currency denominated assets12

    24,073

+      201

-    1,093

Other assets13

    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 from consolidation

Wednesday
Aug 7, 2013

Change since

Wednesday

Wednesday

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 agreements14

    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 dividends15

     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 outright1

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

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

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 securities2

    66,521

     1,739

    36,889

     1,927

     1,699

     4,136

     4,419

     3,595

     1,070

       631

     1,259

     2,583

     6,574

Mortgage-backed securities4

1,246,964

    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 outright5

   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 outright5

    -3,322

       -87

    -1,842

       -96

       -85

      -207

      -221

      -180

       -53

       -32

       -63

      -129

      -328

Repurchase agreements6

         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 LLC7

     1,490

         0

     1,490

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       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 swaps11

     1,479

        73

       473

       114

       115

       311

        84

        42

        12

         6

        15

        23

       210

Foreign currency denominated assets12

    24,073

     1,183

     7,698

     1,862

     1,877

     5,055

     1,371

       686

       201

       101

       244

       382

     3,414

Other assets13

    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 agreements14

    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. Treasury15

     1,907

        52

     1,029

        67

        56

       143

       123

       101

        28

        16

        33

        67

       192

Other liabilities and accrued
dividends16

     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 pledged1,2

1,140,681

Other assets pledged

         0

Memo:

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

3,306,860

Less: Face value of securities under reverse repurchase agreements

    81,030

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

3,225,830

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.


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