FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 24, 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 Oct 23, 2013 Federal Reserve Banks Oct 23, 2013 Oct 16, 2013 Oct 24, 2012 Reserve Bank credit 3,782,403 + 20,360 + 980,711 3,795,630 Securities held outright (1) 3,553,685 + 19,380 + 950,438 3,566,226 U.S. Treasury securities 2,101,159 + 11,923 + 448,877 2,106,475 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 1,999,031 + 11,682 + 429,654 2,004,336 Notes and bonds, inflation-indexed (2) 88,589 + 197 + 16,023 88,589 Inflation compensation (3) 13,539 + 43 + 3,200 13,549 Federal agency debt securities (2) 59,235 - 1,278 - 23,511 59,080 Mortgage-backed securities (4) 1,393,291 + 8,735 + 525,072 1,400,671 Unamortized premiums on securities held outright (5) 205,369 + 374 + 46,370 205,606 Unamortized discounts on securities held outright (5) -8,103 - 296 - 6,446 -8,268 Repurchase agreements (6) 0 0 0 0 Loans 243 + 6 - 1,166 239 Primary credit 19 + 9 + 15 13 Secondary credit 0 0 0 0 Seasonal credit 124 - 3 + 76 126 Term Asset-Backed Securities Loan Facility (7) 100 - 1 - 1,257 100 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,493 0 - 62 1,495 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1 22 Net portfolio holdings of TALF LLC (11) 111 0 - 743 111 Float -633 + 164 - 73 -568 Central bank liquidity swaps (12) 272 0 - 11,905 272 Other Federal Reserve assets (13) 29,881 + 733 + 4,297 30,433 Foreign currency denominated assets (14) 24,396 + 252 - 1,346 24,531 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,393 + 14 + 715 45,393 Total factors supplying reserve funds 3,868,433 + 20,627 + 980,080 3,881,795 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 Oct 23, 2013 Federal Reserve Banks Oct 23, 2013 Oct 16, 2013 Oct 24, 2012 Currency in circulation (15) 1,215,794 - 401 + 81,462 1,217,200 Reverse repurchase agreements (16) 117,957 + 15,439 + 23,521 121,235 Foreign official and international accounts 111,561 + 10,864 + 17,125 105,495 Others 6,396 + 4,575 + 6,396 15,740 Treasury cash holdings 184 + 5 + 49 195 Deposits with F.R. Banks, other than reserve balances 111,833 + 20,480 - 3,918 96,045 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 44,193 + 8,892 - 18,545 35,691 Foreign official 8,660 - 143 + 3,677 8,652 Other 58,979 + 11,730 + 10,949 51,702 Other liabilities and capital (17) 65,219 - 1,399 - 1,129 64,527 Total factors, other than reserve balances, absorbing reserve funds 1,510,986 + 34,123 + 99,983 1,499,202 Reserve balances with Federal Reserve Banks 2,357,446 - 13,498 + 880,096 2,382,593 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 4 and the note on consolidation accompanying table 9. 9. Refer to table 5 and the note on consolidation accompanying table 9. 10. Refer to table 6 and the note on consolidation accompanying table 9. 11. Refer to table 7 and the note on consolidation accompanying table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for depreciation. 14. Revalued daily at current foreign currency exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Memorandum item Averages of daily figures Wednesday Week ended Change from week ended Oct 23, 2013 Oct 23, 2013 Oct 16, 2013 Oct 24, 2012 Securities held in custody for foreign official and international accounts 3,322,097 + 13,890 + 127,387 3,319,826 Marketable U.S. Treasury securities (1) 2,964,533 + 12,476 + 134,605 2,958,077 Federal agency debt and mortgage-backed securities (2) 317,188 + 781 - 9,830 321,176 Other securities (3) 40,377 + 634 + 2,612 40,573 Securities lent to dealers 15,342 - 29 + 7,458 12,729 Overnight facility (4) 15,342 - 29 + 7,458 12,729 U.S. Treasury securities 14,264 + 59 + 7,004 11,581 Federal agency debt securities 1,078 - 88 + 454 1,148 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, October 23, 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) 134 5 49 51 0 ... 239 U.S. Treasury securities (2) Holdings 1 4 384 662,725 896,444 546,917 2,106,475 Weekly changes 0 + 1 - 1 + 4 + 6,843 + 4,594 + 11,441 Federal agency debt securities (3) Holdings 0 4,169 15,211 37,291 62 2,347 59,080 Weekly changes - 1,085 + 746 - 746 0 0 0 - 1,085 Mortgage-backed securities (4) Holdings 0 0 1 3 2,620 1,398,048 1,400,671 Weekly changes 0 0 0 0 + 2 + 12,921 + 12,923 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) 131 141 0 0 0 0 272 Reverse repurchase agreements (6) 121,235 0 ... ... ... ... 121,235 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. 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 Oct 23, 2013 Mortgage-backed securities held outright (1) 1,400,671 Commitments to buy mortgage-backed securities (2) 59,476 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 105 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 Oct 23, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,495 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 June 30, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Wednesday Oct 23, 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 June 30, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Wednesday Oct 23, 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 June 30, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Account name Wednesday Oct 23, 2013 Asset-backed securities holdings (1) 0 Other investments, net 111 Net portfolio holdings of TALF LLC 111 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Oct 23, 2013 Wednesday Wednesday consolidation Oct 16, 2013 Oct 24, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,974 - 11 - 193 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,763,803 + 23,268 +1,007,737 Securities held outright (1) 3,566,226 + 23,279 + 968,887 U.S. Treasury securities 2,106,475 + 11,441 + 459,951 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,004,336 + 11,413 + 440,024 Notes and bonds, inflation-indexed (2) 88,589 0 + 16,645 Inflation compensation (3) 13,549 + 27 + 3,280 Federal agency debt securities (2) 59,080 - 1,085 - 23,666 Mortgage-backed securities (4) 1,400,671 + 12,923 + 532,602 Unamortized premiums on securities held outright (5) 205,606 + 383 + 46,541 Unamortized discounts on securities held outright (5) -8,268 - 380 - 6,618 Repurchase agreements (6) 0 0 0 Loans 239 - 13 - 1,073 Net portfolio holdings of Maiden Lane LLC (7) 1,495 + 2 - 64 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1 Net portfolio holdings of TALF LLC (10) 111 0 - 744 Items in process of collection (0) 93 - 8 - 110 Bank premises 2,288 + 3 - 62 Central bank liquidity swaps (11) 272 0 - 11,905 Foreign currency denominated assets (12) 24,531 + 480 - 1,082 Other assets (13) 28,146 + 1,703 + 4,490 Total assets (0) 3,839,033 + 25,434 + 998,069 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 Oct 23, 2013 Wednesday Wednesday consolidation Oct 16, 2013 Oct 24, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,173,971 + 844 + 81,126 Reverse repurchase agreements (14) 121,235 + 15,580 + 29,526 Deposits (0) 2,478,638 + 9,442 + 887,948 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,382,593 - 838 + 949,352 U.S. Treasury, General Account 35,691 + 3,825 - 17,156 Foreign official 8,652 - 150 + 3,790 Other (0) 51,702 + 6,606 - 48,037 Deferred availability cash items (0) 661 - 719 - 119 Other liabilities and accrued dividends (15) 9,634 + 287 - 558 Total liabilities (0) 3,784,139 + 25,434 + 997,923 Capital accounts Capital paid in 27,447 0 + 73 Surplus 27,447 0 + 73 Other capital accounts 0 0 0 Total capital 54,894 + 1 + 146 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, October 23, 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 1,974 35 89 128 132 340 202 284 27 46 156 184 351 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,763,803 98,413 2,087,150 109,047 96,119 234,022 250,024 203,391 60,577 35,761 71,222 146,159 371,917 Securities held outright (1) 3,566,226 93,253 1,977,618 103,329 91,078 221,751 236,900 192,706 57,382 33,841 67,469 138,485 352,414 U.S. Treasury securities 2,106,475 55,082 1,168,127 61,034 53,797 130,982 139,930 113,826 33,894 19,989 39,852 81,800 208,162 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,106,475 55,082 1,168,127 61,034 53,797 130,982 139,930 113,826 33,894 19,989 39,852 81,800 208,162 Federal agency debt securities (2) 59,080 1,545 32,762 1,712 1,509 3,674 3,925 3,192 951 561 1,118 2,294 5,838 Mortgage-backed securities (4) 1,400,671 36,626 776,729 40,583 35,772 87,095 93,045 75,687 22,537 13,291 26,499 54,391 138,414 Unamortized premiums on securities held outright (5) 205,606 5,376 114,017 5,957 5,251 12,785 13,658 11,110 3,308 1,951 3,890 7,984 20,318 Unamortized discounts on securities held outright (5) -8,268 -216 -4,585 -240 -211 -514 -549 -447 -133 -78 -156 -321 -817 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 239 0 100 0 1 0 15 21 20 48 20 11 2 Net portfolio holdings of Maiden Lane LLC (7) 1,495 0 1,495 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) 111 0 111 0 0 0 0 0 0 0 0 0 0 Items in process of collection 93 0 0 0 0 0 92 0 0 0 0 0 0 Bank premises 2,288 118 428 73 112 229 211 204 127 100 248 233 205 Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39 Foreign currency denominated assets (12) 24,531 1,205 7,844 1,897 1,913 5,151 1,397 699 204 103 248 389 3,479 Other assets (13) 28,146 773 15,162 823 729 1,930 1,879 1,511 512 329 555 1,190 2,753 Interdistrict settlement account 0 - 26,443 + 275,951 - 29,627 - 16,869 - 35,932 - 54,851 - 51,808 - 17,515 - 15,532 - 27,035 - 35,298 + 34,959 Total assets 3,839,033 74,703 2,394,145 82,968 82,905 207,065 201,045 155,505 44,396 21,088 45,860 113,871 415,483 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, October 23, 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 1,462,171 46,189 540,844 43,758 60,907 110,898 178,465 94,097 36,796 23,083 38,531 119,709 168,893 Less: Notes held by F.R. Banks 288,199 11,805 74,793 8,163 8,380 12,543 28,919 21,813 4,310 10,327 12,499 57,593 37,052 Federal Reserve notes, net 1,173,971 34,384 466,051 35,595 52,527 98,354 149,546 72,284 32,485 12,755 26,032 62,116 131,841 Reverse repurchase agreements (14) 121,235 3,170 67,230 3,513 3,096 7,538 8,053 6,551 1,951 1,150 2,294 4,708 11,980 Deposits 2,478,638 34,259 1,838,801 39,283 22,551 88,827 39,009 74,620 9,278 6,672 16,763 45,746 262,831 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 2,382,593 34,256 1,743,076 39,223 22,548 88,622 38,997 74,597 9,277 6,672 16,761 45,745 262,818 U.S. Treasury, General Account 35,691 0 35,691 0 0 0 0 0 0 0 0 0 0 Foreign official 8,652 2 8,625 3 3 8 2 1 0 0 0 1 6 Other 51,702 1 51,408 57 0 196 10 21 0 0 1 1 7 Deferred availability cash items 661 0 0 0 0 0 558 0 0 102 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 2,255 90 1,135 66 85 205 151 113 33 22 39 77 239 Other liabilities and accrued dividends (16) 7,379 245 3,455 291 285 708 526 425 186 155 170 310 623 Total liabilities 3,784,139 72,148 2,376,672 78,747 78,546 195,632 197,844 153,993 43,932 20,856 45,297 112,957 407,515 Capital Capital paid in 27,447 1,277 8,737 2,110 2,179 5,716 1,600 756 232 116 282 457 3,984 Surplus 27,447 1,277 8,737 2,110 2,179 5,716 1,600 756 232 116 282 457 3,984 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,839,033 74,703 2,394,145 82,968 82,905 207,065 201,045 155,505 44,396 21,088 45,860 113,871 415,483 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, October 23, 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 Oct 23, 2013 Federal Reserve notes outstanding 1,462,171 Less: Notes held by F.R. Banks not subject to collateralization 288,199 Federal Reserve notes to be collateralized 1,173,971 Collateral held against Federal Reserve notes 1,173,971 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,157,735 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,566,226 Less: Face value of securities under reverse repurchase agreements 109,066 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,457,159 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.