FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 5, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 5, 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 Jul 3, 2013
Federal Reserve Banks Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Reserve Bank credit 3,444,898 + 2,037 + 626,827 3,450,126
Securities held outright (1) 3,215,134 + 2,036 + 604,985 3,219,993
U.S. Treasury securities 1,937,609 + 14,343 + 273,957 1,942,678
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,842,000 + 14,358 + 274,538 1,847,054
Notes and bonds, inflation-indexed (2) 83,026 0 + 15,111 83,026
Inflation compensation (3) 12,583 - 15 + 2,731 12,598
Federal agency debt securities (2) 69,391 - 1,267 - 22,093 69,180
Mortgage-backed securities (4) 1,208,134 - 11,040 + 353,121 1,208,136
Unamortized premiums on securities held outright (5) 203,754 - 308 + 64,720 203,877
Unamortized discounts on securities held outright (5) -2,399 - 188 - 266 -2,415
Repurchase agreements (6) 87 0 + 87 0
Loans 385 + 18 - 4,257 364
Primary credit 36 + 12 + 20 15
Secondary credit 0 0 0 0
Seasonal credit 91 + 11 + 21 91
Term Asset-Backed Securities Loan Facility (7) 258 - 6 - 4,298 258
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,418 - 1 - 999 1,414
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 46 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 12,867 22
Net portfolio holdings of TALF LLC (11) 281 0 - 564 281
Float -806 - 171 + 61 -900
Central bank liquidity swaps (12) 1,679 + 199 - 26,290 1,679
Other Federal Reserve assets (13) 25,281 + 455 + 2,173 25,747
Foreign currency denominated assets (14) 23,481 - 244 - 1,763 23,414
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,153 + 14 + 636 45,153

Total factors supplying reserve funds 3,529,773 + 1,807 + 625,700 3,534,933

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 Jul 3, 2013
Federal Reserve Banks Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Currency in circulation (15) 1,196,138 + 5,597 + 82,216 1,202,128
Reverse repurchase agreements (16) 93,496 + 4,917 + 7,166 91,871
Foreign official and international accounts 93,496 + 4,917 + 7,166 91,871
Others 0 0 0 0
Treasury cash holdings 122 + 5 + 5 127
Deposits with F.R. Banks, other than reserve balances 154,751 - 49,473 + 24,159 126,327
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 118,745 + 21,533 + 17,916 106,048
Foreign official 10,050 + 17 + 8,466 10,030
Service-related 0 0 - 1,892 0
Required clearing balances 0 0 - 1,892 0
Adjustments to compensate for float 0 0 0 0
Other 25,956 - 71,023 - 331 10,249
Other liabilities and capital (17) 61,930 - 820 - 11,026 62,497

Total factors, other than reserve balances,
absorbing reserve funds 1,506,437 - 39,775 + 102,520 1,482,950

Reserve balances with Federal Reserve Banks 2,023,336 + 41,582 + 523,180 2,051,984

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jul 3, 2013
Jul 3, 2013 Jun 26, 2013 Jul 4, 2012

Securities held in custody for foreign official and
international accounts 3,285,148 - 5,249 + 166,072 3,281,945
Marketable U.S. Treasury securities (1) 2,945,967 - 2,519 + 204,783 2,942,680
Federal agency debt and mortgage-backed securities (2) 300,685 - 2,834 - 39,720 300,674
Other securities (3) 38,496 + 105 + 1,009 38,591
Securities lent to dealers 17,716 - 2,288 + 3,439 12,423
Overnight facility (4) 17,716 - 2,288 + 3,439 12,423
U.S. Treasury securities 16,625 - 2,545 + 3,020 11,485
Federal agency debt securities 1,091 + 257 + 419 938

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the underlying mortgages.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 3, 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) 32 74 0 258 0 ... 364
U.S. Treasury securities (2)
Holdings 1 4 342 567,212 870,969 504,149 1,942,678
Weekly changes 0 + 1 - 1 + 19,967 - 8,633 + 2,928 + 14,262
Federal agency debt securities (3)
Holdings 2,659 5,869 16,993 41,250 62 2,347 69,180
Weekly changes + 1,181 + 341 - 3,000 0 0 0 - 1,478
Mortgage-backed securities (4)
Holdings 0 0 0 1 2,635 1,205,499 1,208,136
Weekly changes 0 0 0 0 + 10 + 10 + 20
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) 227 1,452 0 0 0 0 1,679

Reverse repurchase agreements (6) 91,871 0 ... ... ... ... 91,871
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jul 3, 2013

Mortgage-backed securities held outright (1) 1,208,136

Commitments to buy mortgage-backed securities (2) 93,482
Commitments to sell mortgage-backed securities (2) 200

Cash and cash equivalents (3) 49

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jul 3, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,414

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 March 31, 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
Jul 3, 2013

Net portfolio holdings of Maiden Lane II LLC (1) 64

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 March 31, 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
Jul 3, 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
Jul 3, 2013

Asset-backed securities holdings (1) 0
Other investments, net 281
Net portfolio holdings of TALF LLC 281

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) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. 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. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.

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. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest
received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be
made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the
U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. 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 Jul 3, 2013 Wednesday Wednesday
consolidation Jun 26, 2013 Jul 4, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,962 - 18 - 143
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,421,819 + 12,782 + 667,062
Securities held outright (1) 3,219,993 + 12,804 + 607,104
U.S. Treasury securities 1,942,678 + 14,262 + 276,303
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,847,054 + 14,254 + 276,864
Notes and bonds, inflation-indexed (2) 83,026 0 + 15,111
Inflation compensation (3) 12,598 + 9 + 2,751
Federal agency debt securities (2) 69,180 - 1,478 - 22,304
Mortgage-backed securities (4) 1,208,136 + 20 + 353,106
Unamortized premiums on securities held outright
(5) 203,877 + 94 + 64,464
Unamortized discounts on securities held outright
(5) -2,415 - 95 - 288
Repurchase agreements (6) 0 0 0
Loans 364 - 20 - 4,218
Net portfolio holdings of Maiden Lane LLC (7) 1,414 - 4 - 1,003
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 46
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 12,924
Net portfolio holdings of TALF LLC (10) 281 0 - 564
Items in process of collection (0) 104 - 4 - 164
Bank premises 2,291 - 8 - 66
Central bank liquidity swaps (11) 1,679 + 199 - 26,290
Foreign currency denominated assets (12) 23,414 - 228 - 1,818
Other assets (13) 23,456 + 1,351 + 2,749

Total assets (0) 3,492,742 + 14,070 + 626,884

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 Jul 3, 2013 Wednesday Wednesday
consolidation Jun 26, 2013 Jul 4, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,159,060 + 8,725 + 83,148
Reverse repurchase agreements (14) 91,871 + 3,178 + 3,908
Deposits (0) 2,178,311 + 757 + 551,416
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,051,984 + 34,255 + 544,035
U.S. Treasury, General Account 106,048 + 11,777 + 8,540
Foreign official 10,030 + 16 + 8,442
Other (0) 10,249 - 45,291 - 9,600
Deferred availability cash items (0) 1,004 + 132 - 420
Other liabilities and accrued dividends (15) 7,512 + 1,270 - 11,480

Total liabilities (0) 3,437,758 + 14,062 + 626,572

Capital accounts
Capital paid in 27,492 + 4 + 156
Surplus 27,492 + 4 + 156
Other capital accounts 0 0 0

Total capital 54,985 + 8 + 313

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, July 3, 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 1,962 32 84 120 133 344 185 289 29 49 159 192 344
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,421,819 89,468 1,897,595 99,136 87,380 212,749 227,298 184,911 55,068 32,491 64,746 132,868 338,108
Securities held outright (1) 3,219,993 84,200 1,785,618 93,297 82,235 200,222 213,900 173,997 51,811 30,555 60,919 125,040 318,200
U.S. Treasury securities 1,942,678 50,799 1,077,294 56,288 49,614 120,797 129,050 104,975 31,258 18,434 36,753 75,439 191,975
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,942,678 50,799 1,077,294 56,288 49,614 120,797 129,050 104,975 31,258 18,434 36,753 75,439 191,975
Federal agency debt securities (2) 69,180 1,809 38,363 2,004 1,767 4,302 4,596 3,738 1,113 656 1,309 2,686 6,836
Mortgage-backed securities (4) 1,208,136 31,592 669,961 35,005 30,855 75,123 80,255 65,283 19,439 11,464 22,857 46,915 119,388
Unamortized premiums on securities held
outright (5) 203,877 5,331 113,058 5,907 5,207 12,677 13,543 11,017 3,280 1,935 3,857 7,917 20,147
Unamortized discounts on securities
held outright (5) -2,415 -63 -1,339 -70 -62 -150 -160 -131 -39 -23 -46 -94 -239
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 364 0 258 2 0 0 15 28 16 24 16 5 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,414 0 1,414 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 64 0 64 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) 281 0 281 0 0 0 0 0 0 0 0 0 0
Items in process of collection 104 0 0 0 0 0 102 0 0 2 0 0 0
Bank premises 2,291 120 427 72 113 229 212 200 128 101 250 234 206
Central bank liquidity swaps (11) 1,679 82 537 130 131 353 96 48 14 7 17 27 238
Foreign currency denominated assets (12) 23,414 1,151 7,487 1,811 1,826 4,916 1,334 668 195 98 237 371 3,320
Other assets (13) 23,456 647 12,598 688 616 1,646 1,587 1,268 419 287 466 937 2,298
Interdistrict settlement account 0 - 19,361 + 246,110 - 24,227 - 17,671 - 31,192 - 34,037 - 45,037 - 11,643 - 12,947 - 20,618 - 35,838 + 6,461

Total assets 3,492,742 72,725 2,172,362 78,337 73,277 190,313 198,851 143,563 44,670 20,367 45,720 99,802 352,756

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, July 3, 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 1,461,218 46,697 553,379 46,001 60,648 110,069 180,981 95,189 36,800 23,461 38,964 107,118 161,911
Less: Notes held by F.R. Banks 302,158 12,561 92,109 7,323 8,623 12,245 33,898 18,838 4,071 10,586 12,778 56,195 32,930
Federal Reserve notes, net 1,159,060 34,136 461,270 38,678 52,026 97,825 147,083 76,351 32,728 12,875 26,185 50,923 128,980
Reverse repurchase agreements (14) 91,871 2,402 50,946 2,662 2,346 5,713 6,103 4,964 1,478 872 1,738 3,568 9,079
Deposits 2,178,311 33,411 1,638,050 32,572 14,363 74,758 41,178 60,381 9,837 6,117 17,088 44,131 206,424
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,051,984 33,407 1,511,914 32,535 14,360 74,680 41,166 60,346 9,837 6,116 17,087 44,129 206,408
U.S. Treasury, General Account 106,048 0 106,048 0 0 0 0 0 0 0 0 0 0
Foreign official 10,030 2 10,003 3 3 8 2 1 0 0 0 1 6
Other 10,249 3 10,085 35 0 69 10 34 0 0 1 1 10
Deferred availability cash items 1,004 0 0 0 0 0 873 0 0 131 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,630 34 972 36 25 60 117 95 28 15 34 68 145
Other liabilities and accrued
dividends (16) 5,882 143 3,577 163 170 427 304 261 135 124 111 191 277

Total liabilities 3,437,758 70,128 2,154,815 74,111 68,931 178,782 195,657 142,052 44,206 20,134 45,156 98,881 344,905

Capital
Capital paid in 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 282 460 3,926
Surplus 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 282 460 3,926
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,492,742 72,725 2,172,362 78,337 73,277 190,313 198,851 143,563 44,670 20,367 45,720 99,802 352,756

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, July 3, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 3, 2013

Federal Reserve notes outstanding 1,461,218
Less: Notes held by F.R. Banks not subject to collateralization 302,158
Federal Reserve notes to be collateralized 1,159,060
Collateral held against Federal Reserve notes 1,159,060
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,142,823
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,219,993
Less: Face value of securities under reverse repurchase agreements 85,880
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,134,114

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