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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

September 26, 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
Sep 25, 2013

Week ended
Sep 25, 2013

Change from week ended

Sep 18, 2013

Sep 26, 2012

Reserve Bank credit

3,695,015

+   22,589

+  926,050

3,690,974

Securities held outright1

3,470,384

+   21,626

+  894,557

3,467,660

U.S. Treasury securities

2,056,784

+    9,250

+  413,626

2,062,004

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,956,248

+    9,241

+  394,850

1,961,465

Notes and bonds, inflation-indexed2

    87,209

         0

+   15,425

    87,209

Inflation compensation3

    13,327

+       10

+    3,350

    13,330

Federal agency debt securities2

    63,652

-      322

-   21,118

    63,652

Mortgage-backed securities4

1,349,949

+   12,699

+  502,050

1,342,004

Unamortized premiums on securities held outright5

   204,303

+      469

+   50,374

   204,083

Unamortized discounts on securities held outright5

    -6,686

-      390

-    4,931

    -6,922

Repurchase agreements6

         0

         0

         0

         0

Loans

       272

-       14

-    1,456

       268

Primary credit

        20

-       10

-       23

        14

Secondary credit

         0

         0

         0

         0

Seasonal credit

       151

-        3

+       24

       153

Term Asset-Backed Securities Loan Facility7

       101

-        1

-    1,457

       101

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,496

-        2

-      240

     1,493

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-      444

        22

Net portfolio holdings of TALF LLC11

       112

         0

-      741

       112

Float

      -572

+       96

+       21

      -592

Central bank liquidity swaps12

       263

+        1

-   14,430

       263

Other Federal Reserve assets13

    25,357

+      802

+    3,338

    24,524

Foreign currency denominated assets14

    24,060

+      238

-    1,806

    24,122

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,315

+       14

+      690

    45,315

Total factors supplying reserve funds

3,780,631

+   22,840

+  924,935

3,776,653

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
Sep 25, 2013

Week ended
Sep 25, 2013

Change from week ended

Sep 18, 2013

Sep 26, 2012

Currency in circulation15

1,204,496

-      578

+   78,490

1,205,955

Reverse repurchase agreements16

    99,734

+    6,906

+    8,503

   103,170

Foreign official and international accounts

    95,340

+    2,512

+    4,109

    96,926

Others

     4,395

+    4,395

+    4,395

     6,244

Treasury cash holdings

       154

+       10

+       43

       167

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

   132,367

+   31,975

-   14,698

    95,975

Term deposits held by depository institutions

    11,662

         0

+    8,622

    11,662

U.S. Treasury, General Account

    44,991

-    3,108

-   28,248

    46,017

Foreign official

     8,877

+      137

+    3,316

     8,877

Other

    66,837

+   34,945

+    1,612

    29,418

Other liabilities and capital17

    65,277

-      694

-    1,116

    64,373

Total factors, other than reserve balances,
absorbing reserve funds

1,502,028

+   37,620

+   71,222

1,469,640

Reserve balances with Federal Reserve Banks

2,278,603

-   14,780

+  853,713

2,307,012

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. The current face value shown is the remaining principal balance of
the securities.

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
Sep 25, 2013

Week ended
Sep 25, 2013

Change from week ended

Sep 18, 2013

Sep 26, 2012

Securities held in custody for foreign official and international accounts

3,289,073

+    9,997

+  105,374

3,285,130

Marketable U.S. Treasury securities1

2,931,008

+    4,916

+  119,465

2,928,556

Federal agency debt and mortgage-backed securities2

   320,104

+    5,152

-   14,051

   318,495

Other securities3

    37,962

-       70

-       40

    38,078

Securities lent to dealers

    22,618

+    4,959

+   14,468

    21,495

Overnight facility4

    22,618

+    4,959

+   14,468

    21,495

U.S. Treasury securities

    21,821

+    5,132

+   14,266

    20,667

Federal agency debt securities

       797

-      173

+      202

       828

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 securities.

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, September 25, 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

       153

        15

        49

        52

         0

...

       268

U.S. Treasury securities2

Holdings

         2

         4

       385

   646,634

   881,740

   533,240

2,062,004

Weekly changes

         0

         0

         0

+        1

+    6,998

+    2,950

+    9,949

Federal agency debt securities3

Holdings

     3,000

     3,431

    17,215

    37,597

        62

     2,347

    63,652

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         2

     2,552

1,339,450

1,342,004

Weekly changes

         0

         0

         0

         0

-       44

+    2,278

+    2,233

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       104

       159

         0

         0

         0

         0

       263

Reverse repurchase agreements6

   103,170

         0

...

...

...

...

   103,170

Term deposits

    11,662

         0

         0

...

...

...

    11,662

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. The current face value shown is the remaining principal balance of the securities.

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

Sep 25, 2013

Mortgage-backed securities held outright1

1,342,004

Commitments to buy mortgage-backed securities2

    72,576

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        77

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

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

Sep 25, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,493

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

Sep 25, 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

Sep 25, 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

Sep 25, 2013

Asset-backed securities holdings1

         0

Other investments, net

       112

Net portfolio holdings of TALF LLC

       112

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
Sep 25, 2013

Change since

Wednesday

Wednesday

Sep 18, 2013

Sep 26, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,999

-        2

-      184

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

3,665,089

+   11,671

+  943,873

Securities held outright1

3,467,660

+   12,182

+  900,873

U.S. Treasury securities

2,062,004

+    9,949

+  413,601

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,961,465

+    9,940

+  394,811

Notes and bonds, inflation-indexed2

    87,209

         0

+   15,425

Inflation compensation3

    13,330

+        9

+    3,365

Federal agency debt securities2

    63,652

         0

-   19,753

Mortgage-backed securities4

1,342,004

+    2,233

+  507,025

Unamortized premiums on securities held outright5

   204,083

+        6

+   49,656

Unamortized discounts on securities held outright5

    -6,922

-      483

-    5,192

Repurchase agreements6

         0

         0

         0

Loans

       268

-       34

-    1,464

Net portfolio holdings of Maiden Lane LLC7

     1,493

-        3

-      227

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-        3

Net portfolio holdings of TALF LLC10

       112

         0

-      741

Items in process of collection

(0)

        93

-       31

-       45

Bank premises

     2,290

+        4

-       60

Central bank liquidity swaps11

       263

+        1

-   14,430

Foreign currency denominated assets12

    24,122

+      242

-    1,686

Other assets13

    22,234

-       54

+    3,061

Total assets

(0)

3,734,018

+   11,826

+  929,561

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
Sep 25, 2013

Change since

Wednesday

Wednesday

Sep 18, 2013

Sep 26, 2012

Liabilities

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

1,162,802

+      957

+   76,994

Reverse repurchase agreements14

   103,170

+   10,150

+   13,634

Deposits

(0)

2,402,987

+      294

+  839,526

Term deposits held by depository institutions

    11,662

         0

+    8,622

Other deposits held by depository institutions

2,307,013

+   52,981

+  836,477

U.S. Treasury, General Account

    46,017

-   14,897

-   19,648

Foreign official

     8,877

+        3

+    3,317

Other

(0)

    29,418

-   37,793

+   10,758

Deferred availability cash items

(0)

       685

-       91

-       94

Other liabilities and accrued dividends15

     9,491

+      509

-      664

Total liabilities

(0)

3,679,136

+   11,821

+  929,397

Capital accounts

Capital paid in

    27,441

+        3

+       82

Surplus

    27,441

+        3

+       82

Other capital accounts

         0

         0

         0

Total capital

    54,882

+        6

+      164

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. The current face value shown is the remaining principal balance of the securities.

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, September 25, 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

     1,999

        34

        90

       128

       136

       343

       207

       287

        27

        48

       160

       191

       349

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

3,665,089

    95,831

2,032,394

   106,193

    93,596

   227,882

   243,471

   198,050

    58,999

    34,832

    69,358

   142,326

   362,157

Securities held outright1

3,467,660

    90,676

1,922,960

   100,473

    88,561

   215,622

   230,352

   187,380

    55,796

    32,905

    65,604

   134,658

   342,674

U.S. Treasury securities

2,062,004

    53,919

1,143,466

    59,745

    52,661

   128,217

   136,976

   111,423

    33,178

    19,567

    39,011

    80,073

   203,767

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,062,004

    53,919

1,143,466

    59,745

    52,661

   128,217

   136,976

   111,423

    33,178

    19,567

    39,011

    80,073

   203,767

Federal agency debt securities2

    63,652

     1,664

    35,298

     1,844

     1,626

     3,958

     4,228

     3,440

     1,024

       604

     1,204

     2,472

     6,290

Mortgage-backed securities4

1,342,004

    35,092

   744,196

    38,884

    34,273

    83,447

    89,148

    72,517

    21,593

    12,735

    25,389

    52,113

   132,617

Unamortized premiums on securities held outright5

   204,083

     5,337

   113,172

     5,913

     5,212

    12,690

    13,557

    11,028

     3,284

     1,937

     3,861

     7,925

    20,167

Unamortized discounts on securities held outright5

    -6,922

      -181

    -3,839

      -201

      -177

      -430

      -460

      -374

      -111

       -66

      -131

      -269

      -684

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       268

         0

       101

         8

         0

         0

        22

        16

        31

        55

        23

        12

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,493

         0

     1,493

         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

       112

         0

       112

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        93

         0

         0

         0

         0

         0

        92

         0

         0

         1

         0

         0

         0

Bank premises

     2,290

       118

       430

        72

       112

       228

       212

       203

       127

       100

       249

       233

       205

Central bank liquidity swaps11

       263

        13

        84

        20

        21

        55

        15

         8

         2

         1

         3

         4

        37

Foreign currency denominated assets12

    24,122

     1,185

     7,713

     1,866

     1,881

     5,065

     1,374

       688

       201

       101

       244

       383

     3,421

Other assets13

    22,234

       614

    11,913

       652

       576

     1,556

     1,492

     1,195

       390

       271

       442

       959

     2,173

Interdistrict settlement account

         0

-   23,806

+  293,821

-   29,837

-   18,286

-   27,079

-   51,193

-   57,923

-   16,975

-   15,187

-   25,246

-   34,900

+    6,611

Total assets

3,734,018

    74,578

2,353,879

    79,702

    78,784

   209,318

   197,744

   143,724

    43,231

    20,447

    45,670

   110,206

   376,734

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, September 25, 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

1,485,640

    46,806

   545,661

    44,965

    62,368

   112,765

   182,307

    96,018

    37,384

    23,501

    39,181

   121,894

   172,790

Less: Notes held by F.R. Banks

   322,838

    12,682

    85,352

     9,303

    10,504

    14,898

    34,663

    23,868

     4,918

    10,849

    13,286

    60,288

    42,227

Federal Reserve notes, net

1,162,802

    34,124

   460,309

    35,662

    51,865

    97,867

   147,644

    72,150

    32,467

    12,652

    25,895

    61,605

   130,562

Reverse repurchase agreements14

   103,170

     2,698

    57,212

     2,989

     2,635

     6,415

     6,853

     5,575

     1,660

       979

     1,952

     4,006

    10,195

Deposits

2,402,987

    34,903

1,813,493

    36,569

    19,629

    92,871

    38,898

    64,039

     8,450

     6,329

    17,083

    43,360

   227,361

Term deposits held by depository institutions

    11,662

         0

     8,130

       750

         0

        30

       710

     1,100

        10

        77

       150

       105

       600

Other deposits held by depository institutions

2,307,013

    34,900

1,721,408

    35,784

    19,626

    92,580

    38,177

    62,915

     8,440

     6,252

    16,932

    43,251

   226,748

U.S. Treasury, General Account

    46,017

         0

    46,017

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,877

         2

     8,850

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    29,418

         1

    29,088

        32

         0

       253

        10

        23

         0

         0

         1

         3

         7

Deferred availability cash items

       685

         0

         0

         0

         0

         0

       589

         0

         0

        96

         0

         0

         0

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

     1,711

        48

       888

        61

        56

       137

       116

        93

        25

        15

        30

        61

       180

Other liabilities and accrued
dividends16

     7,779

       204

     4,500

       243

       242

       596

       442

       354

       164

       143

       147

       260

       483

Total liabilities

3,679,136

    71,978

2,336,403

    75,524

    74,426

   197,886

   194,543

   142,211

    42,767

    20,214

    45,108

   109,294

   368,782

Capital

Capital paid in

    27,441

     1,300

     8,738

     2,089

     2,179

     5,716

     1,600

       757

       232

       116

       281

       456

     3,976

Surplus

    27,441

     1,300

     8,738

     2,089

     2,179

     5,716

     1,600

       757

       232

       116

       281

       456

     3,976

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,734,018

    74,578

2,353,879

    79,702

    78,784

   209,318

   197,744

   143,724

    43,231

    20,447

    45,670

   110,206

   376,734

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, September 25, 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. The current face value shown is the remaining principal balance of the securities.

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

Sep 25, 2013

Federal Reserve notes outstanding

1,485,640

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

   322,838

Federal Reserve notes to be collateralized

1,162,802

Collateral held against Federal Reserve notes

1,162,802

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,146,565

Other assets pledged

         0

Memo:

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

3,467,660

Less: Face value of securities under reverse repurchase agreements

    87,191

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

3,380,469

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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