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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

November 29, 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
Nov 27, 2013

Week ended
Nov 27, 2013

Change from week ended

Nov 20, 2013

Nov 28, 2012

Reserve Bank credit

3,882,202

+   25,004

+1,067,873

3,883,130

Securities held outright1

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

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,054,754

+   14,892

+  494,158

2,059,942

Notes and bonds, inflation-indexed2

    89,979

         0

+   16,635

    89,979

Inflation compensation3

    13,731

+       28

+    2,913

    13,745

Federal agency debt securities2

    58,372

-      101

-   20,911

    58,372

Mortgage-backed securities4

1,443,747

+   10,882

+  550,200

1,439,854

Unamortized premiums on securities held outright5

   207,849

+      644

+   43,712

   207,686

Unamortized discounts on securities held outright5

    -9,989

-      510

-    8,442

   -10,214

Repurchase agreements6

         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 Facility7

        98

-        2

-      842

        98

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,517

         0

+       80

     1,517

Net portfolio holdings of Maiden Lane II LLC9

        63

-        1

+        2

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       110

         0

-      746

       110

Float

      -576

+      112

+      154

      -650

Central bank liquidity swaps12

       272

-        1

-   11,945

       272

Other Federal Reserve assets13

    22,173

-      952

+    2,860

    22,260

Foreign currency denominated assets14

    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 outstanding15

    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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Nov 27, 2013

Week ended
Nov 27, 2013

Change from week ended

Nov 20, 2013

Nov 28, 2012

Currency in circulation15

1,222,152

+    1,942

+   68,934

1,227,294

Reverse repurchase agreements16

   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 capital17

    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
Nov 27, 2013

Week ended
Nov 27, 2013

Change from week ended

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 securities1

2,986,607

+   11,954

+  142,557

2,989,566

Federal agency debt and mortgage-backed securities2

   319,627

+    2,794

+    1,667

   319,042

Other securities3

    43,085

+      259

+    7,042

    42,747

Securities lent to dealers

    12,091

+    1,118

+    4,778

    15,514

Overnight facility4

    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
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

         7

        63

        35

         0

...

       172

U.S. Treasury securities2

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 securities3

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 securities4

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 LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

        28

       244

         0

         0

         0

         0

       272

Reverse repurchase agreements6

   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 outright1

1,439,854

Commitments to buy mortgage-backed securities2

    66,172

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        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 LLC1

     1,517

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 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 LLC1

        63

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 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 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 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 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 holdings1

         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 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
Nov 27, 2013

Change since

Wednesday

Wednesday

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 outright1

3,661,892

+   18,677

+1,052,425

U.S. Treasury securities

2,163,666

+   12,709

+  517,021

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,059,942

+   12,677

+  497,490

Notes and bonds, inflation-indexed2

    89,979

         0

+   16,635

Inflation compensation3

    13,745

+       32

+    2,895

Federal agency debt securities2

    58,372

         0

-   20,911

Mortgage-backed securities4

1,439,854

+    5,968

+  556,315

Unamortized premiums on securities held outright5

   207,686

+      274

+   42,717

Unamortized discounts on securities held outright5

   -10,214

-      448

-    8,679

Repurchase agreements6

         0

         0

         0

Loans

       172

+        6

-      846

Net portfolio holdings of Maiden Lane LLC7

     1,517

         0

+       83

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

+        2

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       110

         0

-      746

Items in process of collection

(0)

        89

+        3

-       36

Bank premises

     2,294

+        6

-       50

Central bank liquidity swaps11

       272

-        1

-   11,940

Foreign currency denominated assets12

    23,844

-       69

-    1,469

Other assets13

    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 from consolidation

Wednesday
Nov 27, 2013

Change since

Wednesday

Wednesday

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 agreements14

   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 dividends15

     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 outright1

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

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

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 securities2

    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 securities4

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 outright5

   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 outright5

   -10,214

      -267

    -5,664

      -296

      -261

      -635

      -678

      -552

      -164

       -97

      -193

      -397

    -1,009

Repurchase agreements6

         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 LLC7

     1,517

         0

     1,517

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         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

       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 swaps11

       272

        13

        87

        21

        21

        57

        15

         8

         2

         1

         3

         4

        39

Foreign currency denominated assets12

    23,844

     1,171

     7,628

     1,844

     1,859

     5,006

     1,358

       680

       199

       100

       241

       378

     3,381

Other assets13

    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 agreements14

   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. Treasury15

     1,944

        49

     1,032

        95

        47

       106

       137

       114

        42

        18

        34

        79

       190

Other liabilities and accrued
dividends16

     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 pledged1,2

1,167,756

Other assets pledged

         0

Memo:

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

3,661,892

Less: Face value of securities under reverse repurchase agreements

    93,501

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

3,568,391

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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