FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 11, 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 10, 2013 Federal Reserve Banks Jul 10, 2013 Jul 3, 2013 Jul 11, 2012 Reserve Bank credit 3,456,317 + 11,419 + 634,281 3,461,796 Securities held outright (1) 3,225,347 + 10,213 + 614,870 3,229,861 U.S. Treasury securities 1,948,028 + 10,419 + 284,079 1,952,529 Bills (2) 0 0 - 14,641 0 Notes and bonds, nominal (2) 1,852,385 + 10,385 + 281,036 1,856,872 Notes and bonds, inflation-indexed (2) 83,026 0 + 14,922 83,026 Inflation compensation (3) 12,617 + 34 + 2,762 12,631 Federal agency debt securities (2) 69,180 - 211 - 22,304 69,180 Mortgage-backed securities (4) 1,208,139 + 5 + 353,095 1,208,152 Unamortized premiums on securities held outright (5) 203,868 + 114 + 64,243 203,957 Unamortized discounts on securities held outright (5) -2,467 - 68 - 347 -2,511 Repurchase agreements (6) 0 - 87 0 0 Loans 360 - 25 - 4,232 369 Primary credit 14 - 22 + 6 25 Secondary credit 0 0 0 0 Seasonal credit 91 0 + 11 93 Term Asset-Backed Securities Loan Facility (7) 255 - 3 - 4,249 251 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,414 - 4 - 1,004 1,415 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 46 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 12,930 22 Net portfolio holdings of TALF LLC (11) 270 - 11 - 575 268 Float -904 - 98 - 155 -783 Central bank liquidity swaps (12) 1,507 - 172 - 28,201 1,479 Other Federal Reserve assets (13) 26,837 + 1,556 + 2,568 27,656 Foreign currency denominated assets (14) 23,170 - 311 - 1,725 23,216 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,167 + 14 + 638 45,167 Total factors supplying reserve funds 3,540,895 + 11,122 + 633,195 3,546,420 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 10, 2013 Federal Reserve Banks Jul 10, 2013 Jul 3, 2013 Jul 11, 2012 Currency in circulation (15) 1,201,070 + 4,932 + 83,958 1,199,941 Reverse repurchase agreements (16) 89,735 - 3,761 - 192 85,903 Foreign official and international accounts 89,735 - 3,761 - 192 85,903 Others 0 0 0 0 Treasury cash holdings 126 + 4 + 9 118 Deposits with F.R. Banks, other than reserve balances 117,054 - 37,697 + 3,406 115,983 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 88,690 - 30,055 + 2,290 75,254 Foreign official 9,958 - 92 + 7,966 9,944 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 18,406 - 7,550 - 4,957 30,785 Other liabilities and capital (17) 62,320 + 390 - 10,574 61,422 Total factors, other than reserve balances, absorbing reserve funds 1,470,304 - 36,133 + 76,605 1,463,367 Reserve balances with Federal Reserve Banks 2,070,591 + 47,255 + 556,590 2,083,053 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 10, 2013 Jul 10, 2013 Jul 3, 2013 Jul 11, 2012 Securities held in custody for foreign official and international accounts 3,284,669 - 479 + 168,106 3,278,832 Marketable U.S. Treasury securities (1) 2,945,694 - 273 + 206,420 2,939,918 Federal agency debt and mortgage-backed securities (2) 300,494 - 191 - 39,267 300,590 Other securities (3) 38,481 - 15 + 952 38,324 Securities lent to dealers 11,884 - 5,832 - 1,093 11,418 Overnight facility (4) 11,884 - 5,832 - 1,093 11,418 U.S. Treasury securities 10,965 - 5,660 - 1,292 10,568 Federal agency debt securities 919 - 172 + 200 850 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 10, 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) 49 69 0 251 0 ... 369 U.S. Treasury securities (2) Holdings 1 4 342 569,878 876,672 505,632 1,952,529 Weekly changes 0 0 0 + 2,666 + 5,703 + 1,483 + 9,851 Federal agency debt securities (3) Holdings 2,659 5,869 16,993 41,250 62 2,347 69,180 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 1 2,635 1,205,515 1,208,152 Weekly changes 0 0 0 0 0 + 16 + 16 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) 27 1,452 0 0 0 0 1,479 Reverse repurchase agreements (6) 85,903 0 ... ... ... ... 85,903 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 10, 2013 Mortgage-backed securities held outright (1) 1,208,152 Commitments to buy mortgage-backed securities (2) 106,766 Commitments to sell mortgage-backed securities (2) 200 Cash and cash equivalents (3) 36 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 10, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,415 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 10, 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 10, 2013 Net portfolio holdings of Maiden Lane III LLC (1) 22 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 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 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 Jul 10, 2013 Asset-backed securities holdings (1) 0 Other investments, net 268 Net portfolio holdings of TALF LLC 268 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 10, 2013 Wednesday Wednesday consolidation Jul 3, 2013 Jul 11, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,968 + 6 - 129 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,431,675 + 9,856 + 679,622 Securities held outright (1) 3,229,861 + 9,868 + 620,686 U.S. Treasury securities 1,952,529 + 9,851 + 289,892 Bills (2) 0 0 - 14,641 Notes and bonds, nominal (2) 1,856,872 + 9,818 + 288,091 Notes and bonds, inflation-indexed (2) 83,026 0 + 13,789 Inflation compensation (3) 12,631 + 33 + 2,653 Federal agency debt securities (2) 69,180 0 - 22,304 Mortgage-backed securities (4) 1,208,152 + 16 + 353,098 Unamortized premiums on securities held outright (5) 203,957 + 80 + 63,562 Unamortized discounts on securities held outright (5) -2,511 - 96 - 404 Repurchase agreements (6) 0 0 0 Loans 369 + 5 - 4,221 Net portfolio holdings of Maiden Lane LLC (7) 1,415 + 1 - 1,008 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 46 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 12,965 Net portfolio holdings of TALF LLC (10) 268 - 13 - 577 Items in process of collection (0) 95 - 9 - 29 Bank premises 2,294 + 3 - 64 Central bank liquidity swaps (11) 1,479 - 200 - 28,229 Foreign currency denominated assets (12) 23,216 - 198 - 1,622 Other assets (13) 25,363 + 1,907 + 2,773 Total assets (0) 3,504,095 + 11,353 + 637,816 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 10, 2013 Wednesday Wednesday consolidation Jul 3, 2013 Jul 11, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,156,856 - 2,204 + 83,124 Reverse repurchase agreements (14) 85,903 - 5,968 - 3,786 Deposits (0) 2,199,036 + 20,725 + 568,802 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,083,053 + 31,069 + 555,497 U.S. Treasury, General Account 75,254 - 30,794 - 33 Foreign official 9,944 - 86 + 7,378 Other (0) 30,785 + 20,536 + 5,960 Deferred availability cash items (0) 879 - 125 - 76 Other liabilities and accrued dividends (15) 6,439 - 1,073 - 10,557 Total liabilities (0) 3,449,112 + 11,354 + 637,507 Capital accounts Capital paid in 27,492 0 + 155 Surplus 27,492 0 + 155 Other capital accounts 0 0 0 Total capital 54,983 - 2 + 309 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 10, 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 1,968 33 85 120 135 346 186 289 29 50 158 193 344 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,431,675 89,725 1,903,051 99,423 87,632 213,381 227,954 185,442 55,220 32,585 64,930 133,251 339,082 Securities held outright (1) 3,229,861 84,458 1,791,090 93,583 82,487 200,835 214,555 174,530 51,969 30,649 61,105 125,423 319,175 U.S. Treasury securities 1,952,529 51,057 1,082,757 56,573 49,866 121,410 129,704 105,508 31,417 18,528 36,940 75,822 192,949 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,952,529 51,057 1,082,757 56,573 49,866 121,410 129,704 105,508 31,417 18,528 36,940 75,822 192,949 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) 1,208,152 31,592 669,970 35,005 30,855 75,124 80,256 65,284 19,440 11,464 22,857 46,915 119,389 Unamortized premiums on securities held outright (5) 203,957 5,333 113,102 5,910 5,209 12,682 13,549 11,021 3,282 1,935 3,859 7,920 20,155 Unamortized discounts on securities held outright (5) -2,511 -66 -1,393 -73 -64 -156 -167 -136 -40 -24 -48 -98 -248 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 369 0 251 3 0 20 17 26 9 24 13 5 1 Net portfolio holdings of Maiden Lane LLC (7) 1,415 0 1,415 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) 268 0 268 0 0 0 0 0 0 0 0 0 0 Items in process of collection 95 0 0 0 0 0 94 0 0 1 0 0 0 Bank premises 2,294 120 429 72 113 229 212 200 128 101 250 234 206 Central bank liquidity swaps (11) 1,479 73 473 114 115 311 84 42 12 6 15 23 210 Foreign currency denominated assets (12) 23,216 1,141 7,423 1,795 1,811 4,875 1,322 662 194 97 235 368 3,293 Other assets (13) 25,363 699 13,645 742 663 1,761 1,722 1,368 448 299 499 1,034 2,482 Interdistrict settlement account 0 - 27,654 + 253,670 - 27,063 - 20,083 - 23,072 - 36,191 - 43,669 - 12,653 - 13,494 - 21,070 - 37,975 + 9,253 Total assets 3,504,095 64,724 2,186,289 75,810 71,135 199,099 197,459 145,550 43,839 19,925 45,479 98,138 356,650 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 10, 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 1,464,335 46,671 552,967 46,045 60,741 110,598 181,510 95,445 36,868 23,450 39,040 108,899 162,100 Less: Notes held by F.R. Banks 307,479 12,677 92,416 7,566 9,299 12,606 34,241 19,335 4,172 10,770 12,777 57,444 34,178 Federal Reserve notes, net 1,156,856 33,994 460,551 38,479 51,442 97,992 147,270 76,111 32,696 12,680 26,263 51,455 127,922 Reverse repurchase agreements (14) 85,903 2,246 47,637 2,489 2,194 5,341 5,706 4,642 1,382 815 1,625 3,336 8,489 Deposits 2,199,036 25,705 1,657,002 30,423 12,957 83,745 40,098 62,945 9,139 5,973 16,890 42,178 211,982 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 2,083,053 25,702 1,541,208 30,386 12,954 83,669 40,086 62,909 9,138 5,972 16,887 42,176 211,966 U.S. Treasury, General Account 75,254 0 75,254 0 0 0 0 0 0 0 0 0 0 Foreign official 9,944 2 9,917 3 3 8 2 1 0 0 0 1 6 Other 30,785 2 30,623 35 0 68 10 35 0 0 2 1 10 Deferred availability cash items 879 0 0 0 0 0 792 0 0 87 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,241 26 731 26 21 46 94 77 20 12 24 53 111 Other liabilities and accrued dividends (16) 5,198 154 2,821 167 175 443 305 264 137 125 115 196 295 Total liabilities 3,449,112 62,126 2,168,741 71,584 66,789 187,568 194,265 144,038 43,375 19,692 44,916 97,217 348,799 Capital Capital paid in 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,926 Surplus 27,492 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,926 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,504,095 64,724 2,186,289 75,810 71,135 199,099 197,459 145,550 43,839 19,925 45,479 98,138 356,650 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 10, 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 10, 2013 Federal Reserve notes outstanding 1,464,335 Less: Notes held by F.R. Banks not subject to collateralization 307,479 Federal Reserve notes to be collateralized 1,156,856 Collateral held against Federal Reserve notes 1,156,856 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,140,619 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,229,861 Less: Face value of securities under reverse repurchase agreements 80,125 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,149,736 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.