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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 15, 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 14, 2013

Week ended
Aug 14, 2013

Change from week ended

Aug 7, 2013

Aug 15, 2012

Reserve Bank credit

3,565,560

+   31,029

+  752,994

3,603,348

Securities held outright1

3,329,461

+   29,072

+  730,742

3,366,637

U.S. Treasury securities

1,998,309

+   11,405

+  345,963

2,001,093

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,900,672

+   11,146

+  328,568

1,902,201

Notes and bonds, inflation-indexed2

    84,608

+      202

+   14,366

    85,819

Inflation compensation3

    13,029

+       57

+    3,030

    13,074

Federal agency debt securities2

    66,406

-      115

-   22,970

    65,713

Mortgage-backed securities4

1,264,747

+   17,783

+  407,750

1,299,831

Unamortized premiums on securities held outright5

   203,867

-       29

+   57,083

   204,069

Unamortized discounts on securities held outright5

    -3,565

-      300

-    1,612

    -3,900

Repurchase agreements6

         0

         0

-       86

         0

Loans

       335

+       19

-    3,305

       364

Primary credit

        15

+        8

-        9

        32

Secondary credit

         0

         0

         0

         0

Seasonal credit

       136

+       11

-        6

       147

Term Asset-Backed Securities Loan Facility7

       185

         0

-    3,289

       185

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,489

         0

-      565

     1,486

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    5,970

        22

Net portfolio holdings of TALF LLC11

       195

-       52

-      653

       195

Float

      -661

+       20

-        6

      -781

Central bank liquidity swaps12

     1,479

         0

-   28,526

     1,479

Other Federal Reserve assets13

    32,874

+    2,299

+    5,892

    33,712

Foreign currency denominated assets14

    24,056

+      209

-    1,039

    23,853

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,231

+       14

+      656

    45,231

Total factors supplying reserve funds

3,651,089

+   31,253

+  752,612

3,688,673

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 14, 2013

Week ended
Aug 14, 2013

Change from week ended

Aug 7, 2013

Aug 15, 2012

Currency in circulation15

1,198,598

+      371

+   82,171

1,199,460

Reverse repurchase agreements16

    94,823

+    2,996

+    3,074

    98,069

Foreign official and international accounts

    93,882

+    2,377

+    2,133

    96,859

Others

       941

+      618

+      941

     1,210

Treasury cash holdings

       151

+        6

+       23

       152

Deposits with F.R. Banks, other than reserve balances

   116,044

+   21,730

+   47,946

   127,211

Term deposits held by depository institutions

    11,913

         0

+    8,873

    11,913

U.S. Treasury, General Account

    64,121

+    3,276

+   35,723

    57,157

Foreign official

    10,454

+       43

+    5,285

    10,411

Other

    29,556

+   18,412

-    1,934

    47,730

Other liabilities and capital17

    65,927

+    2,045

-      754

    64,931

Total factors, other than reserve balances,
absorbing reserve funds

1,475,544

+   27,148

+  132,461

1,489,822

Reserve balances with Federal Reserve Banks

2,175,545

+    4,104

+  620,151

2,198,852

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 14, 2013

Week ended
Aug 14, 2013

Change from week ended

Aug 7, 2013

Aug 15, 2012

Securities held in custody for foreign official and international accounts

3,267,229

-    1,362

+  123,036

3,265,736

Marketable U.S. Treasury securities1

2,920,966

-    3,326

+  147,515

2,918,203

Federal agency debt and mortgage-backed securities2

   308,969

+    1,927

-   23,426

   310,240

Other securities3

    37,293

+       36

-    1,053

    37,293

Securities lent to dealers

    10,981

+    2,371

-    1,293

    12,153

Overnight facility4

    10,981

+    2,371

-    1,293

    12,153

U.S. Treasury securities

    10,165

+    2,326

-    1,482

    11,360

Federal agency debt securities

       816

+       45

+      189

       793

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 14, 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

        67

       112

       111

        73

         0

...

       364

U.S. Treasury securities2

Holdings

         0

         4

       381

   622,371

   855,332

   523,005

2,001,093

Weekly changes

         0

         0

         0

+   22,613

-   19,377

+    4,483

+    7,718

Federal agency debt securities3

Holdings

         0

     6,633

    17,518

    39,153

        62

     2,347

    65,713

Weekly changes

-      808

         0

+      565

-      565

         0

         0

-      808

Mortgage-backed securities4

Holdings

         0

         0

         0

         2

     2,643

1,297,186

1,299,831

Weekly changes

         0

         0

         0

         0

+       74

+   52,793

+   52,867

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

    98,069

         0

...

...

...

...

    98,069

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 14, 2013

Mortgage-backed securities held outright1

1,299,831

Commitments to buy mortgage-backed securities2

    66,381

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         5

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 14, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,486

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 14, 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 14, 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 14, 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 14, 2013

Change since

Wednesday

Wednesday

Aug 7, 2013

Aug 15, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,989

+        8

-      154

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,567,170

+   59,419

+  828,386

Securities held outright1

3,366,637

+   59,777

+  777,021

U.S. Treasury securities

2,001,093

+    7,718

+  354,733

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,902,201

+    6,223

+  336,294

Notes and bonds, inflation-indexed2

    85,819

+    1,413

+   15,384

Inflation compensation3

    13,074

+       83

+    3,056

Federal agency debt securities2

    65,713

-      808

-   23,388

Mortgage-backed securities4

1,299,831

+   52,867

+  445,676

Unamortized premiums on securities held outright5

   204,069

+      175

+   56,577

Unamortized discounts on securities held outright5

    -3,900

-      578

-    1,969

Repurchase agreements6

         0

         0

         0

Loans

       364

+       45

-    3,243

Net portfolio holdings of Maiden Lane LLC7

     1,486

-        4

-      382

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    1,443

Net portfolio holdings of TALF LLC10

       195

         0

-      653

Items in process of collection

(0)

       108

-      572

-       18

Bank premises

     2,289

         0

-       65

Central bank liquidity swaps11

     1,479

         0

-   28,526

Foreign currency denominated assets12

    23,853

-      220

-    1,165

Other assets13

    31,431

+    2,331

+   17,023

Total assets

(0)

3,646,323

+   60,964

+  813,006

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 14, 2013

Change since

Wednesday

Wednesday

Aug 7, 2013

Aug 15, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,156,364

-      554

+   81,147

Reverse repurchase agreements14

    98,069

+    4,929

+    7,385

Deposits

(0)

2,326,070

+   55,728

+  723,045

Term deposits held by depository institutions

    11,913

         0

+    8,873

Other deposits held by depository institutions

2,198,859

+   37,877

+  635,366

U.S. Treasury, General Account

    57,157

-    5,522

+   37,251

Foreign official

    10,411

         0

+    4,725

Other

(0)

    47,730

+   23,373

+   36,831

Deferred availability cash items

(0)

       889

-       29

+       55

Other liabilities and accrued dividends15

     9,837

+      822

+      987

Total liabilities

(0)

3,591,229

+   60,896

+  812,619

Capital accounts

Capital paid in

    27,547

+       34

+      193

Surplus

    27,547

+       34

+      193

Other capital accounts

         0

         0

         0

Total capital

    55,094

+       68

+      386

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 14, 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

     1,989

        34

        85

       125

       139

       342

       195

       289

        30

        48

       161

       194

       347

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,567,170

    93,268

1,978,130

   103,346

    91,094

   221,789

   236,964

   192,762

    57,414

    33,896

    67,498

   138,516

   352,493

Securities held outright1

3,366,637

    88,034

1,866,938

    97,546

    85,980

   209,340

   223,641

   181,921

    54,170

    31,947

    63,693

   130,735

   332,691

U.S. Treasury securities

2,001,093

    52,327

1,109,688

    57,980

    51,106

   124,430

   132,930

   108,132

    32,198

    18,989

    37,858

    77,707

   197,748

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,001,093

    52,327

1,109,688

    57,980

    51,106

   124,430

   132,930

   108,132

    32,198

    18,989

    37,858

    77,707

   197,748

Federal agency debt securities2

    65,713

     1,718

    36,441

     1,904

     1,678

     4,086

     4,365

     3,551

     1,057

       624

     1,243

     2,552

     6,494

Mortgage-backed securities4

1,299,831

    33,989

   720,810

    37,662

    33,196

    80,825

    86,346

    70,238

    20,915

    12,334

    24,591

    50,476

   128,449

Unamortized premiums on securities held outright5

   204,069

     5,336

   113,165

     5,913

     5,212

    12,689

    13,556

    11,027

     3,284

     1,936

     3,861

     7,925

    20,166

Unamortized discounts on securities held outright5

    -3,900

      -102

    -2,163

      -113

      -100

      -243

      -259

      -211

       -63

       -37

       -74

      -151

      -385

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       364

         0

       190

         0

         1

         2

        26

        24

        23

        50

        18

         8

        22

Net portfolio holdings of Maiden

Lane LLC7

     1,486

         0

     1,486

         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

       108

         0

         0

         0

         0

         0

       107

         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

    23,853

     1,172

     7,627

     1,845

     1,860

     5,009

     1,359

       680

       199

       100

       241

       378

     3,383

Other assets13

    31,431

       850

    16,934

     1,043

       812

     2,153

     2,110

     1,699

       527

       351

       611

     1,275

     3,067

Interdistrict settlement account

         0

-   32,351

+  249,416

-   27,302

-   15,409

-    9,111

-   46,282

-   51,893

-   14,958

-   14,558

-   23,775

-   39,195

+   25,417

Total assets

3,646,323

    63,752

2,260,602

    79,851

    79,472

   221,989

   196,824

   144,996

    43,812

    20,225

    45,462

   102,436

   386,902

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 14, 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

1,483,944

    46,332

   551,684

    45,692

    61,666

   112,210

   181,330

    96,337

    37,486

    23,576

    39,790

   118,982

   168,857

Less: Notes held by F.R. Banks

   327,579

    13,116

    92,504

     9,086

     9,736

    14,637

    35,313

    22,940

     4,952

    11,100

    13,630

    61,921

    38,643

Federal Reserve notes, net

1,156,364

    33,217

   459,180

    36,606

    51,930

    97,573

   146,017

    73,397

    32,534

    12,476

    26,160

    57,061

   130,214

Reverse repurchase agreements14

    98,069

     2,564

    54,383

     2,841

     2,505

     6,098

     6,515

     5,299

     1,578

       931

     1,855

     3,808

     9,691

Deposits

2,326,070

    25,106

1,724,042

    35,876

    20,394

   106,080

    39,756

    64,270

     9,023

     6,242

    16,679

    40,268

   238,334

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

2,198,859

    25,097

1,601,168

    35,042

    20,387

   104,716

    39,044

    64,105

     9,023

     6,172

    16,527

    40,261

   237,318

U.S. Treasury, General Account

    57,157

         0

    57,157

         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

    47,730

         2

    47,323

        31

         4

       311

        10

        35

         0

         0

         1

         2

        10

Deferred availability cash items

       889

         0

         0

         0

         0

         0

       715

         0

         0

       174

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,490

        34

       887

        37

        30

        57

       108

        93

        26

        15

        33

        66

       105

Other liabilities and accrued
dividends16

     8,346

       234

     4,563

       265

       261

       659

       519

       424

       188

       154

       173

       312

       594

Total liabilities

3,591,229

    61,155

2,243,055

    75,625

    75,119

   210,468

   193,630

   143,483

    43,349

    19,991

    44,899

   101,515

   378,938

Capital

Capital paid in

    27,547

     1,299

     8,773

     2,113

     2,176

     5,760

     1,597

       756

       232

       117

       282

       461

     3,982

Surplus

    27,547

     1,299

     8,773

     2,113

     2,176

     5,760

     1,597

       756

       232

       117

       282

       461

     3,982

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,646,323

    63,752

2,260,602

    79,851

    79,472

   221,989

   196,824

   144,996

    43,812

    20,225

    45,462

   102,436

   386,902

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 14, 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 14, 2013

Federal Reserve notes outstanding

1,483,944

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

   327,579

Federal Reserve notes to be collateralized

1,156,364

Collateral held against Federal Reserve notes

1,156,364

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,140,128

Other assets pledged

         0

Memo:

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

3,366,637

Less: Face value of securities under reverse repurchase agreements

    86,628

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

3,280,009

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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