FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, August 01, 2013

FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

August 1, 2013

The weekly average values, shown in table 1, reflect the June 30, 2013, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of March 31, 2013, and the amounts for the last day of the reporting week are based on the values as of June 30, 2013.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	August 1, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Jul 31, 2013
	Week ended Jul 31, 2013	Change from week ended
	Week ended Jul 31, 2013	Jul 24, 2013	Aug 1, 2012
Reserve Bank credit	3,524,211	+ 7,634	+ 717,997	3,528,797
Securities held outright¹	3,290,839	+ 8,179	+ 697,025	3,295,892
U.S. Treasury securities	1,977,368	+ 13,380	+ 328,006	1,982,407
Bills²	0	0	0	0
Notes and bonds, nominal²	1,880,038	+ 13,341	+ 309,642	1,885,063
Notes and bonds, inflation-indexed²	84,406	0	+ 15,320	84,406
Inflation compensation³	12,924	+ 39	+ 3,044	12,938
Federal agency debt securities²	66,521	0	- 24,508	66,521
Mortgage-backed securities⁴	1,246,950	- 5,201	+ 393,527	1,246,964
Unamortized premiums on securities held outright⁵	204,231	- 390	+ 59,974	204,101
Unamortized discounts on securities held outright⁵	-3,125	- 171	- 1,113	-3,222
Repurchase agreements⁶	0	0	0	0
Loans	351	- 10	- 3,350	320
Primary credit	11	+ 1	- 21	8
Secondary credit	0	0	- 1	0
Seasonal credit	129	+ 13	+ 8	128
Term Asset-Backed Securities Loan Facility⁷	211	- 25	- 3,336	185
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁸	1,425	+ 11	- 657	1,488
Net portfolio holdings of Maiden Lane II LLC⁹	64	0	+ 3	64
Net portfolio holdings of Maiden Lane III LLC¹⁰	22	0	- 7,196	22
Net portfolio holdings of TALF LLC¹¹	268	0	- 580	268
Float	-654	- 17	+ 16	-816
Central bank liquidity swaps¹²	1,479	- 1	- 29,543	1,479
Other Federal Reserve assets¹³	29,311	+ 35	+ 3,419	29,201
Foreign currency denominated assets¹⁴	23,842	+ 284	- 1,291	23,872
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹⁵	45,211	+ 14	+ 648	45,211

Total factors supplying reserve funds	3,609,506	+ 7,934	+ 717,355	3,614,122

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Jul 31, 2013
	Week ended Jul 31, 2013	Change from week ended
	Week ended Jul 31, 2013	Jul 24, 2013	Aug 1, 2012
Currency in circulation¹⁵	1,194,999	+ 738	+ 82,996	1,197,424
Reverse repurchase agreements¹⁶	89,270	+ 2,016	- 611	91,085
Foreign official and international accounts	89,270	+ 2,016	- 611	91,085
Others	0	0	0	0
Treasury cash holdings	136	+ 8	+ 15	144
Deposits with F.R. Banks, other than reserve balances	106,983	- 53,353	+ 45,888	141,717
Term deposits held by depository institutions	11,913	0	+ 8,873	11,913
U.S. Treasury, General Account	60,063	+ 1,660	+ 17,961	109,693
Foreign official	10,435	+ 331	+ 7,077	10,481
Other	24,572	- 55,344	+ 11,978	9,630
Other liabilities and capital¹⁷	63,595	- 1,078	- 3,637	62,908

Total factors, other than reserve balances, absorbing reserve funds	1,454,984	- 51,669	+ 124,652	1,493,279

Reserve balances with Federal Reserve Banks	2,154,522	+ 59,602	+ 592,703	2,120,843

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 Jul 31, 2013
	Week ended Jul 31, 2013	Change from week ended
	Week ended Jul 31, 2013	Jul 24, 2013	Aug 1, 2012
Securities held in custody for foreign official and international accounts	3,264,725	- 5,264	+ 137,915	3,269,178
Marketable U.S. Treasury securities¹	2,917,987	- 12,149	+ 160,557	2,923,940
Federal agency debt and mortgage-backed securities²	309,715	+ 6,733	- 21,640	308,078
Other securities³	37,023	+ 151	- 1,002	37,160
Securities lent to dealers	9,043	- 1,752	- 364	8,121
Overnight facility⁴	9,043	- 1,752	- 364	8,121
U.S. Treasury securities	8,207	- 1,814	- 473	7,146
Federal agency debt securities	836	+ 62	+ 110	975

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 31, 2013

Millions of dollars

Remaining Maturity	Within 15 days	16 days to 90 days	91 days to 1 year	Over 1 year to 5 years	Over 5 year to 10 years	Over 10 years	All
Loans¹	100	35	16	168	0	...	320
U.S. Treasury securities²
Holdings	0	3	382	595,418	869,614	516,990	1,982,407
Weekly changes	- 1	0	+ 40	+ 24,479	- 16,540	+ 4,425	+ 12,404
Federal agency debt securities³
Holdings	808	6,633	16,953	39,718	62	2,347	66,521
Weekly changes	+ 808	- 808	+ 523	- 523	0	0	0
Mortgage-backed securities⁴
Holdings	0	0	0	1	2,564	1,244,399	1,246,964
Weekly changes	0	0	0	0	- 54	- 13,909	- 13,964
Asset-backed securities held by TALF LLC⁵	0	0	0	0	0	0	0
Repurchase agreements⁶	0	0	...	...	...	...	0
Central bank liquidity swaps⁷	1,293	186	0	0	0	0	1,479

Reverse repurchase agreements⁶	91,085	0	...	...	...	...	91,085
Term deposits	11,913	0	0	...	...	...	11,913

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
Account name	Jul 31, 2013
Mortgage-backed securities held outright¹	1,246,964

Commitments to buy mortgage-backed securities²	88,772
Commitments to sell mortgage-backed securities²	0

Cash and cash equivalents³	34

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
Account name	Jul 31, 2013
Net portfolio holdings of Maiden Lane LLC¹	1,488

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.³	0

1.	Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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
Account name	Jul 31, 2013
Net portfolio holdings of Maiden Lane II LLC¹	64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.³	0

1.	Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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
Account name	Jul 31, 2013
Net portfolio holdings of Maiden Lane III LLC¹	22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.³	0

1.	Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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
Account name	Jul 31, 2013
Asset-backed securities holdings¹	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 York²	0
Accrued interest payable to the Federal Reserve Bank of New York²	0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable³	0

1.	Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2.	Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3.	Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Jul 31, 2013	Change since
			Wednesday	Wednesday
			Jul 24, 2013	Aug 1, 2012
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,969	- 4	- 151
Securities, unamortized premiums and discounts, repurchase agreements, and loans		3,497,090	- 2,392	+ 756,883
Securities held outright¹		3,295,892	- 1,560	+ 702,091
U.S. Treasury securities		1,982,407	+ 12,404	+ 333,113
Bills²		0	0	0
Notes and bonds, nominal²		1,885,063	+ 12,365	+ 314,727
Notes and bonds, inflation-indexed²		84,406	0	+ 15,320
Inflation compensation³		12,938	+ 39	+ 3,066
Federal agency debt securities²		66,521	0	- 24,508
Mortgage-backed securities⁴		1,246,964	- 13,964	+ 393,486
Unamortized premiums on securities held outright⁵		204,101	- 616	+ 59,369
Unamortized discounts on securities held outright⁵		-3,222	- 191	- 1,243
Repurchase agreements⁶		0	0	0
Loans		320	- 24	- 3,333
Net portfolio holdings of Maiden Lane LLC⁷		1,488	+ 74	- 597
Net portfolio holdings of Maiden Lane II LLC⁸		64	0	+ 3
Net portfolio holdings of Maiden Lane III LLC⁹		22	0	- 7,355
Net portfolio holdings of TALF LLC¹⁰		268	0	- 580
Items in process of collection	(0)	105	+ 14	- 177
Bank premises		2,296	0	- 56
Central bank liquidity swaps¹¹		1,479	- 1	- 29,543
Foreign currency denominated assets¹²		23,872	+ 249	- 1,259
Other assets¹³		26,905	- 719	+ 3,509

Total assets	(0)	3,571,797	- 2,777	+ 720,679

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Jul 31, 2013	Change since
			Wednesday	Wednesday
			Jul 24, 2013	Aug 1, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,154,322	+ 2,336	+ 81,731
Reverse repurchase agreements¹⁴		91,085	+ 5,530	+ 1,279
Deposits	(0)	2,262,560	- 10,161	+ 640,930
Term deposits held by depository institutions		11,913	0	+ 8,873
Other deposits held by depository institutions		2,120,843	+ 21,514	+ 579,844
U.S. Treasury, General Account		109,693	+ 58,727	+ 57,010
Foreign official		10,481	+ 71	+ 6,248
Other	(0)	9,630	- 90,472	- 11,045
Deferred availability cash items	(0)	921	+ 58	+ 37
Other liabilities and accrued dividends¹⁵		7,884	- 533	- 3,636

Total liabilities	(0)	3,516,773	- 2,769	+ 720,343

Capital accounts
Capital paid in		27,512	- 4	+ 168
Surplus		27,512	- 4	+ 168
Other capital accounts		0	0	0

Total capital		55,024	- 8	+ 336

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 31, 2013

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	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	1,969	34	84	123	136	337	193	288	30	47	159	193	345
Securities, unamortized premiums and discounts, repurchase agreements, and loans	3,497,090	91,437	1,939,289	101,316	89,304	217,432	232,306	188,991	56,285	33,209	66,173	135,796	345,551
Securities held outright¹	3,295,892	86,184	1,827,707	95,496	84,174	204,941	218,942	178,098	53,032	31,275	62,355	127,988	325,700
U.S. Treasury securities	1,982,407	51,838	1,099,326	57,439	50,629	123,268	131,689	107,122	31,898	18,811	37,505	76,982	195,901
Bills²	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes and bonds³	1,982,407	51,838	1,099,326	57,439	50,629	123,268	131,689	107,122	31,898	18,811	37,505	76,982	195,901
Federal agency debt securities²	66,521	1,739	36,889	1,927	1,699	4,136	4,419	3,595	1,070	631	1,259	2,583	6,574
Mortgage-backed securities⁴	1,246,964	32,607	691,493	36,130	31,846	77,537	82,834	67,382	20,064	11,833	23,591	48,423	123,225
Unamortized premiums on securities held outright⁵	204,101	5,337	113,182	5,914	5,213	12,691	13,558	11,029	3,284	1,937	3,861	7,926	20,169
Unamortized discounts on securities held outright⁵	-3,222	-84	-1,787	-93	-82	-200	-214	-174	-52	-31	-61	-125	-318
Repurchase agreements⁶	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans	320	0	187	0	0	0	20	38	21	28	18	8	0
Net portfolio holdings of Maiden
Lane LLC⁷	1,488	0	1,488	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of Maiden
Lane II LLC⁸	64	0	64	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of Maiden
Lane III LLC⁹	22	0	22	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of TALF LLC¹⁰	268	0	268	0	0	0	0	0	0	0	0	0	0
Items in process of collection	105	0	0	0	0	0	105	0	0	0	0	0	0
Bank premises	2,296	119	432	72	112	230	212	202	128	101	249	234	205
Central bank liquidity swaps¹¹	1,479	73	473	114	115	311	84	42	12	6	15	23	210
Foreign currency denominated assets¹²	23,872	1,172	7,642	1,845	1,861	5,010	1,359	680	199	100	241	378	3,384
Other assets¹³	26,905	741	14,507	790	705	1,861	1,810	1,453	484	322	533	1,062	2,636
Interdistrict settlement account	0	- 27,740	+ 282,505	- 32,848	- 19,191	- 16,515	- 44,401	- 53,704	- 15,020	- 13,989	- 22,426	- 37,609	+ 937

Total assets	3,571,797	66,423	2,252,518	72,020	73,792	209,934	193,743	139,169	42,579	20,077	45,408	101,088	355,048

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 31, 2013 (continued)

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Liabilities
Federal Reserve notes outstanding	1,478,390	46,396	553,573	45,701	61,272	111,548	181,165	95,785	37,080	23,402	39,463	116,633	166,372
Less: Notes held by F.R. Banks	324,068	13,202	93,587	8,615	9,973	14,047	34,698	21,861	4,745	10,951	13,297	62,042	37,049
Federal Reserve notes, net	1,154,322	33,194	459,986	37,086	51,299	97,501	146,467	73,924	32,336	12,451	26,166	54,591	129,323
Reverse repurchase agreements¹⁴	91,085	2,382	50,511	2,639	2,326	5,664	6,051	4,922	1,466	864	1,723	3,537	9,001
Deposits	2,262,560	28,041	1,720,026	27,819	15,586	94,656	36,858	58,421	8,139	6,152	16,800	41,752	208,311
Term deposits held by depository institutions	11,913	5	8,010	800	0	1,045	700	128	0	70	150	5	1,000
Other deposits held by depository institutions	2,120,843	28,032	1,582,664	26,984	15,582	93,269	36,146	58,257	8,138	6,082	16,648	41,744	207,295
U.S. Treasury, General Account	109,693	0	109,693	0	0	0	0	0	0	0	0	0	0
Foreign official	10,481	2	10,454	3	3	8	2	1	0	0	0	1	6
Other	9,630	1	9,205	32	0	334	10	35	0	0	1	2	10
Deferred availability cash items	921	0	0	0	0	0	692	0	0	230	0	0	0
Interest on Federal Reserve notes due to U.S. Treasury¹⁵	1,276	32	741	40	24	67	93	61	19	12	22	50	114
Other liabilities and accrued dividends¹⁶	6,608	176	3,707	211	211	523	389	329	156	135	134	238	400

Total liabilities	3,516,773	63,825	2,234,970	67,794	69,446	198,411	190,549	137,658	42,115	19,844	44,846	100,167	347,148

Capital
Capital paid in	27,512	1,299	8,774	2,113	2,173	5,761	1,597	755	232	117	281	461	3,950
Surplus	27,512	1,299	8,774	2,113	2,173	5,761	1,597	755	232	117	281	461	3,950
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0

Total liabilities and capital	3,571,797	66,423	2,252,518	72,020	73,792	209,934	193,743	139,169	42,579	20,077	45,408	101,088	355,048

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 31, 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
Federal Reserve notes and collateral	Jul 31, 2013
Federal Reserve notes outstanding	1,478,390
Less: Notes held by F.R. Banks not subject to collateralization	324,068
Federal Reserve notes to be collateralized	1,154,322
Collateral held against Federal Reserve notes	1,154,322
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,138,085
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	3,295,892
Less: Face value of securities under reverse repurchase agreements	81,141
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	3,214,751

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

1.	Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2.	Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

Statistical releases