FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 13, 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 Jun 12, 2013 Federal Reserve Banks Jun 12, 2013 Jun 5, 2013 Jun 13, 2012 Reserve Bank credit 3,364,000 + 14,206 + 555,857 3,367,430 Securities held outright (1) 3,139,181 + 12,279 + 532,285 3,141,976 U.S. Treasury securities 1,903,296 + 12,259 + 243,727 1,906,079 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,808,637 + 11,879 + 244,525 1,810,417 Notes and bonds, inflation-indexed (2) 82,040 + 394 + 14,696 83,026 Inflation compensation (3) 12,619 - 14 + 2,929 12,636 Federal agency debt securities (2) 70,890 0 - 22,362 70,890 Mortgage-backed securities (4) 1,164,995 + 20 + 310,920 1,165,008 Unamortized premiums on securities held outright (5) 200,908 - 25 + 66,909 200,925 Unamortized discounts on securities held outright (5) -1,973 - 172 + 286 -2,062 Repurchase agreements (6) 0 0 0 0 Loans 336 + 11 - 5,102 380 Primary credit 15 + 7 + 2 53 Secondary credit 0 0 0 0 Seasonal credit 50 + 3 + 3 56 Term Asset-Backed Securities Loan Facility (7) 271 0 - 5,107 271 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,424 0 - 2,458 1,425 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 15,300 22 Net portfolio holdings of TALF LLC (11) 281 - 107 - 560 281 Float -793 + 22 - 71 -882 Central bank liquidity swaps (12) 1,771 0 - 21,543 1,771 Other Federal Reserve assets (13) 22,779 + 2,197 + 1,365 23,529 Foreign currency denominated assets (14) 23,938 + 505 - 1,211 24,222 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,111 + 14 + 619 45,111 Total factors supplying reserve funds 3,449,290 + 14,725 + 555,265 3,453,003 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 Jun 12, 2013 Federal Reserve Banks Jun 12, 2013 Jun 5, 2013 Jun 13, 2012 Currency in circulation (15) 1,189,061 - 1,645 + 80,432 1,189,607 Reverse repurchase agreements (16) 90,546 - 4,397 + 2,538 86,277 Foreign official and international accounts 90,546 - 4,397 + 2,538 86,277 Others 0 0 0 0 Treasury cash holdings 136 - 14 - 6 127 Deposits with F.R. Banks, other than reserve balances 74,462 + 7,550 + 1,155 72,883 Term deposits held by depository institutions 10,496 0 + 7,443 10,496 U.S. Treasury, General Account 43,056 + 12,826 + 1,171 39,284 Foreign official 9,860 - 1,334 + 9,068 9,711 Service-related 0 0 - 1,897 0 Required clearing balances 0 0 - 1,897 0 Adjustments to compensate for float 0 0 0 0 Other 11,051 - 3,940 - 14,629 13,391 Other liabilities and capital (17) 64,038 + 765 - 10,072 63,383 Total factors, other than reserve balances, absorbing reserve funds 1,418,243 + 2,260 + 74,047 1,412,277 Reserve balances with Federal Reserve Banks 2,031,047 + 12,465 + 481,217 2,040,727 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 Jun 12, 2013 Jun 12, 2013 Jun 5, 2013 Jun 13, 2012 Securities held in custody for foreign official and international accounts 3,314,350 + 1,955 + 195,274 3,314,208 Marketable U.S. Treasury securities (1) 2,973,635 + 1,743 + 255,714 2,973,287 Federal agency debt and mortgage-backed securities (2) 302,597 + 136 - 60,941 302,767 Other securities (3) 38,118 + 76 + 501 38,154 Securities lent to dealers 18,142 - 1,189 + 7,269 16,456 Overnight facility (4) 18,142 - 1,189 + 7,269 16,456 U.S. Treasury securities 17,168 - 1,126 + 6,886 15,508 Federal agency debt securities 973 - 63 + 383 948 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, June 12, 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) 61 49 0 271 0 ... 380 U.S. Treasury securities (2) Holdings 1 4 343 544,477 866,763 494,490 1,906,079 Weekly changes 0 0 0 - 3 + 3,672 + 4,399 + 8,069 Federal agency debt securities (3) Holdings 232 6,442 20,134 41,673 62 2,347 70,890 Weekly changes 0 + 1,497 - 1,497 + 1,982 - 1,982 0 0 Mortgage-backed securities (4) Holdings 0 0 0 1 2,701 1,162,305 1,165,008 Weekly changes 0 0 0 0 - 1 + 18 + 17 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) 451 1,320 0 0 0 0 1,771 Reverse repurchase agreements (6) 86,277 0 ... ... ... ... 86,277 Term deposits 10,496 0 0 ... ... ... 10,496 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 Jun 12, 2013 Mortgage-backed securities held outright (1) 1,165,008 Commitments to buy mortgage-backed securities (2) 113,671 Commitments to sell mortgage-backed securities (2) 800 Cash and cash equivalents (3) 39 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 Jun 12, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,425 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 Jun 12, 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 Jun 12, 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 Jun 12, 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 Jun 12, 2013 Wednesday Wednesday consolidation Jun 5, 2013 Jun 13, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,979 + 11 - 157 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,341,220 + 7,982 + 581,503 Securities held outright (1) 3,141,976 + 8,086 + 520,631 U.S. Treasury securities 1,906,079 + 8,069 + 245,921 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,810,417 + 6,677 + 244,799 Notes and bonds, inflation-indexed (2) 83,026 + 1,380 + 16,456 Inflation compensation (3) 12,636 + 12 + 3,089 Federal agency debt securities (2) 70,890 0 - 22,362 Mortgage-backed securities (4) 1,165,008 + 17 + 297,074 Unamortized premiums on securities held outright (5) 200,925 + 3 + 65,671 Unamortized discounts on securities held outright (5) -2,062 - 160 + 195 Repurchase agreements (6) 0 0 0 Loans 380 + 53 - 4,995 Net portfolio holdings of Maiden Lane LLC (7) 1,425 + 1 - 2,455 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 15,456 Net portfolio holdings of TALF LLC (10) 281 - 107 - 560 Items in process of collection (0) 92 + 5 - 48 Bank premises 2,299 + 2 - 63 Central bank liquidity swaps (11) 1,771 0 - 21,543 Foreign currency denominated assets (12) 24,222 + 664 - 1,037 Other assets (13) 21,231 + 2,102 + 1,541 Total assets (0) 3,410,842 + 10,659 + 541,771 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 Jun 12, 2013 Wednesday Wednesday consolidation Jun 5, 2013 Jun 13, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,146,598 - 922 + 79,377 Reverse repurchase agreements (14) 86,277 - 8,002 + 2,858 Deposits (0) 2,113,610 + 18,824 + 473,439 Term deposits held by depository institutions 10,496 0 + 7,443 Other deposits held by depository institutions 2,040,727 + 14,470 + 474,062 U.S. Treasury, General Account 39,284 - 1,741 + 3,036 Foreign official 9,711 - 1,471 + 8,138 Other (0) 13,391 + 7,566 - 19,240 Deferred availability cash items (0) 974 - 6 + 24 Other liabilities and accrued dividends (15) 8,414 + 814 - 14,259 Total liabilities (0) 3,355,872 + 10,708 + 541,439 Capital accounts Capital paid in 27,485 - 24 + 166 Surplus 27,485 - 24 + 166 Other capital accounts 0 0 0 Total capital 54,969 - 49 + 331 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, June 12, 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 1,979 36 89 122 132 349 185 295 28 52 159 192 340 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,341,220 87,362 1,852,906 96,798 85,322 207,736 221,933 180,538 53,763 31,722 63,212 129,735 330,194 Securities held outright (1) 3,141,976 82,160 1,742,355 91,036 80,243 195,371 208,717 169,781 50,555 29,815 59,443 122,011 310,490 U.S. Treasury securities 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359 Federal agency debt securities (2) 70,890 1,854 39,311 2,054 1,810 4,408 4,709 3,831 1,141 673 1,341 2,753 7,005 Mortgage-backed securities (4) 1,165,008 30,464 646,045 33,755 29,753 72,441 77,390 62,953 18,745 11,055 22,041 45,240 115,126 Unamortized premiums on securities held outright (5) 200,925 5,254 111,421 5,822 5,131 12,494 13,347 10,857 3,233 1,907 3,801 7,802 19,855 Unamortized discounts on securities held outright (5) -2,062 -54 -1,143 -60 -53 -128 -137 -111 -33 -20 -39 -80 -204 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 380 2 273 0 0 0 5 11 8 20 7 2 53 Net portfolio holdings of Maiden Lane LLC (7) 1,425 0 1,425 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 92 0 0 0 0 0 91 0 0 0 0 0 0 Bank premises 2,299 120 430 72 113 229 213 201 129 101 250 235 206 Central bank liquidity swaps (11) 1,771 87 566 137 138 372 101 50 15 7 18 28 251 Foreign currency denominated assets (12) 24,222 1,190 7,745 1,873 1,889 5,086 1,380 691 202 101 245 384 3,435 Other assets (13) 21,231 585 11,296 752 553 1,493 1,436 1,140 371 256 420 864 2,066 Interdistrict settlement account 0 - 22,980 + 194,420 - 16,986 - 16,025 - 2,679 - 27,478 - 38,890 - 10,032 - 11,387 - 18,421 - 32,537 + 2,995 Total assets 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269 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, June 12, 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 1,445,237 46,622 553,295 46,104 60,329 108,946 178,379 94,623 36,549 23,467 38,757 101,192 156,974 Less: Notes held by F.R. Banks 298,639 12,635 94,671 6,969 9,388 12,390 32,995 17,612 4,024 10,366 12,862 51,411 33,316 Federal Reserve notes, net 1,146,598 33,987 458,624 39,135 50,941 96,556 145,384 77,011 32,524 13,101 25,895 49,781 123,658 Reverse repurchase agreements (14) 86,277 2,256 47,844 2,500 2,203 5,365 5,731 4,662 1,388 819 1,632 3,350 8,526 Deposits 2,113,610 27,900 1,546,417 37,205 15,067 99,606 44,408 61,683 10,392 6,625 18,101 45,600 200,606 Term deposits held by depository institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250 Other deposits held by depository institutions 2,040,727 27,803 1,477,372 36,315 15,064 99,448 43,692 61,390 10,391 6,530 17,889 45,494 199,340 U.S. Treasury, General Account 39,284 0 39,284 0 0 0 0 0 0 0 0 0 0 Foreign official 9,711 2 9,684 3 3 8 2 1 0 0 0 1 6 Other 13,391 0 13,186 37 0 110 9 37 0 0 1 1 10 Deferred availability cash items 974 0 0 0 0 0 761 0 0 213 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 2,184 71 1,019 99 91 228 143 109 30 18 38 68 271 Other liabilities and accrued dividends (16) 6,230 174 3,538 210 223 571 324 264 137 124 115 194 356 Total liabilities 3,355,872 64,389 2,057,442 79,150 68,525 202,325 196,751 143,729 44,471 20,899 45,781 98,993 333,417 Capital Capital paid in 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926 Surplus 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269 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, June 12, 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 Jun 12, 2013 Federal Reserve notes outstanding 1,445,237 Less: Notes held by F.R. Banks not subject to collateralization 298,639 Federal Reserve notes to be collateralized 1,146,598 Collateral held against Federal Reserve notes 1,146,598 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,130,361 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,141,976 Less: Face value of securities under reverse repurchase agreements 75,785 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,066,192 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.