FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 29, 2013

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks November 29, 2013

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 27, 2013
Federal Reserve Banks Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Reserve Bank credit 3,882,202 + 25,004 +1,067,873 3,883,130
Securities held outright (1) 3,660,584 + 25,702 +1,042,996 3,661,892
U.S. Treasury securities 2,158,465 + 14,922 + 513,707 2,163,666
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,054,754 + 14,892 + 494,158 2,059,942
Notes and bonds, inflation-indexed (2) 89,979 0 + 16,635 89,979
Inflation compensation (3) 13,731 + 28 + 2,913 13,745
Federal agency debt securities (2) 58,372 - 101 - 20,911 58,372
Mortgage-backed securities (4) 1,443,747 + 10,882 + 550,200 1,439,854
Unamortized premiums on securities held outright (5) 207,849 + 644 + 43,712 207,686
Unamortized discounts on securities held outright (5) -9,989 - 510 - 8,442 -10,214
Repurchase agreements (6) 0 0 0 0
Loans 177 + 8 - 798 172
Primary credit 12 + 10 + 1 12
Secondary credit 0 0 0 0
Seasonal credit 67 0 + 43 62
Term Asset-Backed Securities Loan Facility (7) 98 - 2 - 842 98
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,517 0 + 80 1,517
Net portfolio holdings of Maiden Lane II LLC (9) 63 - 1 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 110 0 - 746 110
Float -576 + 112 + 154 -650
Central bank liquidity swaps (12) 272 - 1 - 11,945 272
Other Federal Reserve assets (13) 22,173 - 952 + 2,860 22,260
Foreign currency denominated assets (14) 23,873 - 71 - 1,396 23,844
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,446 + 14 + 715 45,446

Total factors supplying reserve funds 3,967,763 + 24,947 +1,067,193 3,968,662

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 27, 2013
Federal Reserve Banks Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Currency in circulation (15) 1,222,152 + 1,942 + 68,934 1,227,294
Reverse repurchase agreements (16) 104,160 - 574 + 8,449 107,739
Foreign official and international accounts 100,068 - 2,397 + 4,357 102,018
Others 4,092 + 1,822 + 4,092 5,721
Treasury cash holdings 215 + 7 + 74 224
Deposits with F.R. Banks, other than reserve balances 110,179 + 30,441 + 12,054 81,517
Term deposits held by depository institutions 13,532 + 13,532 + 10,489 13,532
U.S. Treasury, General Account 53,744 + 4,298 + 25,840 45,433
Foreign official 8,736 + 3 + 2,216 8,740
Other 34,167 + 12,608 - 26,491 13,813
Other liabilities and capital (17) 64,272 - 103 - 3,308 63,501

Total factors, other than reserve balances,
absorbing reserve funds 1,500,978 + 31,714 + 86,203 1,480,275

Reserve balances with Federal Reserve Banks 2,466,785 - 6,767 + 980,990 2,488,387

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
Week ended Change from week ended Nov 27, 2013
Nov 27, 2013 Nov 20, 2013 Nov 28, 2012

Securities held in custody for foreign official and
international accounts 3,349,319 + 15,008 + 151,266 3,351,355
Marketable U.S. Treasury securities (1) 2,986,607 + 11,954 + 142,557 2,989,566
Federal agency debt and mortgage-backed securities (2) 319,627 + 2,794 + 1,667 319,042
Other securities (3) 43,085 + 259 + 7,042 42,747
Securities lent to dealers 12,091 + 1,118 + 4,778 15,514
Overnight facility (4) 12,091 + 1,118 + 4,778 15,514
U.S. Treasury securities 10,956 + 1,091 + 4,222 14,317
Federal agency debt securities 1,135 + 27 + 555 1,197

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, November 27, 2013

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 67 7 63 35 0 ... 172
U.S. Treasury securities (2)
Holdings 1 3 472 726,355 871,174 565,661 2,163,666
Weekly changes 0 0 0 + 4,815 + 3,176 + 4,717 + 12,709
Federal agency debt securities (3)
Holdings 1,151 5,810 12,734 36,268 62 2,347 58,372
Weekly changes + 1,151 - 1,151 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 3 2,552 1,437,299 1,439,854
Weekly changes 0 0 - 1 0 - 35 + 6,004 + 5,968
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 28 244 0 0 0 0 272

Reverse repurchase agreements (6) 107,739 0 ... ... ... ... 107,739
Term deposits 0 13,532 0 ... ... ... 13,532

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
Nov 27, 2013

Mortgage-backed securities held outright (1) 1,439,854

Commitments to buy mortgage-backed securities (2) 66,172
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 17

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
Nov 27, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,517

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 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
Nov 27, 2013

Net portfolio holdings of Maiden Lane II LLC (1) 63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 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
Nov 27, 2013

Net portfolio holdings of Maiden Lane III LLC (1) 22

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
Nov 27, 2013

Asset-backed securities holdings (1) 0
Other investments, net 110
Net portfolio holdings of TALF LLC 110

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Nov 27, 2013 Wednesday Wednesday
consolidation Nov 20, 2013 Nov 28, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,926 - 35 - 171
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,859,536 + 18,510 +1,085,616
Securities held outright (1) 3,661,892 + 18,677 +1,052,425
U.S. Treasury securities 2,163,666 + 12,709 + 517,021
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,059,942 + 12,677 + 497,490
Notes and bonds, inflation-indexed (2) 89,979 0 + 16,635
Inflation compensation (3) 13,745 + 32 + 2,895
Federal agency debt securities (2) 58,372 0 - 20,911
Mortgage-backed securities (4) 1,439,854 + 5,968 + 556,315
Unamortized premiums on securities held outright
(5) 207,686 + 274 + 42,717
Unamortized discounts on securities held outright
(5) -10,214 - 448 - 8,679
Repurchase agreements (6) 0 0 0
Loans 172 + 6 - 846
Net portfolio holdings of Maiden Lane LLC (7) 1,517 0 + 83
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 110 0 - 746
Items in process of collection (0) 89 + 3 - 36
Bank premises 2,294 + 6 - 50
Central bank liquidity swaps (11) 272 - 1 - 11,940
Foreign currency denominated assets (12) 23,844 - 69 - 1,469
Other assets (13) 19,966 + 842 + 3,224

Total assets (0) 3,925,876 + 19,256 +1,074,514

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Nov 27, 2013 Wednesday Wednesday
consolidation Nov 20, 2013 Nov 28, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,183,993 + 7,051 + 73,539
Reverse repurchase agreements (14) 107,739 + 1,266 + 14,509
Deposits (0) 2,569,904 + 10,648 + 989,011
Term deposits held by depository institutions 13,532 + 13,532 + 10,489
Other deposits held by depository institutions 2,488,387 + 18,207 + 948,872
U.S. Treasury, General Account 45,433 - 2,438 + 29,330
Foreign official 8,740 + 5 + 2,258
Other (0) 13,813 - 18,657 - 1,937
Deferred availability cash items (0) 739 + 63 - 106
Other liabilities and accrued dividends (15) 8,537 + 162 - 2,222

Total liabilities (0) 3,870,912 + 19,191 +1,074,730

Capital accounts
Capital paid in 27,482 + 32 - 108
Surplus 27,482 + 32 - 108
Other capital accounts 0 0 0

Total capital 54,964 + 65 - 216

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, November 27, 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 1,926 33 83 125 128 331 221 278 26 46 143 173 339
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,859,536 100,929 2,140,274 111,824 98,564 239,978 256,378 208,561 62,105 36,637 73,031 149,874 381,382
Securities held outright (1) 3,661,892 95,755 2,030,669 106,101 93,521 227,699 243,255 197,876 58,921 34,748 69,279 142,200 361,868
U.S. Treasury securities 2,163,666 56,578 1,199,842 62,691 55,258 134,539 143,729 116,917 34,814 20,531 40,934 84,020 213,813
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,163,666 56,578 1,199,842 62,691 55,258 134,539 143,729 116,917 34,814 20,531 40,934 84,020 213,813
Federal agency debt securities (2) 58,372 1,526 32,370 1,691 1,491 3,630 3,878 3,154 939 554 1,104 2,267 5,768
Mortgage-backed securities (4) 1,439,854 37,651 798,458 41,719 36,772 89,531 95,648 77,805 23,168 13,663 27,240 55,913 142,286
Unamortized premiums on securities held
outright (5) 207,686 5,431 115,170 6,018 5,304 12,914 13,796 11,223 3,342 1,971 3,929 8,065 20,523
Unamortized discounts on securities
held outright (5) -10,214 -267 -5,664 -296 -261 -635 -678 -552 -164 -97 -193 -397 -1,009
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 172 10 98 2 0 0 5 14 7 15 16 5 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,517 0 1,517 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 110 0 110 0 0 0 0 0 0 0 0 0 0
Items in process of collection 89 0 0 0 0 0 89 0 0 0 0 0 0
Bank premises 2,294 122 435 73 111 228 211 203 127 100 247 232 205
Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,844 1,171 7,628 1,844 1,859 5,006 1,358 680 199 100 241 378 3,381
Other assets (13) 19,966 550 10,539 705 513 1,432 1,326 1,070 370 248 393 883 1,938
Interdistrict settlement account 0 - 32,542 + 238,833 - 17,093 - 7,440 - 35,438 - 52,539 - 54,578 - 18,789 - 15,093 - 26,034 - 37,552 + 58,266

Total assets 3,925,876 70,863 2,405,333 98,105 94,506 212,862 209,134 157,438 44,501 22,319 48,485 115,002 447,329

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, November 27, 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 1,424,493 46,035 523,230 43,005 59,839 108,212 173,158 91,327 35,794 22,377 37,362 118,102 166,052
Less: Notes held by F.R. Banks 240,501 10,816 57,629 7,078 6,686 10,492 21,690 18,345 3,446 9,805 11,084 52,919 30,510
Federal Reserve notes, net 1,183,993 35,218 465,601 35,928 53,152 97,721 151,468 72,982 32,348 12,571 26,278 65,182 135,542
Reverse repurchase agreements (14) 107,739 2,817 59,746 3,122 2,752 6,699 7,157 5,822 1,734 1,022 2,038 4,184 10,647
Deposits 2,569,904 30,047 1,858,344 54,548 33,919 96,150 46,158 76,624 9,747 8,168 19,398 44,373 292,429
Term deposits held by depository
institutions 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300
Other deposits held by depository
institutions 2,488,387 30,038 1,780,335 54,519 33,915 95,950 45,646 75,495 9,736 8,067 19,306 44,262 291,118
U.S. Treasury, General Account 45,433 0 45,433 0 0 0 0 0 0 0 0 0 0
Foreign official 8,740 2 8,713 3 3 8 2 1 0 0 0 1 6
Other 13,813 2 13,573 26 0 167 10 23 0 0 1 5 6
Deferred availability cash items 739 0 0 0 0 0 583 0 0 157 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,944 49 1,032 95 47 106 137 114 42 18 34 79 190
Other liabilities and accrued
dividends (16) 6,594 229 2,945 276 275 714 470 377 169 149 158 273 559

Total liabilities 3,870,912 68,361 2,387,667 93,968 90,144 201,390 205,973 155,919 44,039 22,086 47,906 114,091 439,368

Capital
Capital paid in 27,482 1,251 8,833 2,068 2,181 5,736 1,580 759 231 116 290 455 3,981
Surplus 27,482 1,251 8,833 2,068 2,181 5,736 1,580 759 231 116 290 455 3,981
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,925,876 70,863 2,405,333 98,105 94,506 212,862 209,134 157,438 44,501 22,319 48,485 115,002 447,329

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, November 27, 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
Nov 27, 2013

Federal Reserve notes outstanding 1,424,493
Less: Notes held by F.R. Banks not subject to collateralization 240,501
Federal Reserve notes to be collateralized 1,183,993
Collateral held against Federal Reserve notes 1,183,993
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,167,756
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,661,892
Less: Face value of securities under reverse repurchase agreements 98,627
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,563,266

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.

Statistical releases