FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 22, 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 Aug 21, 2013 Federal Reserve Banks Aug 21, 2013 Aug 14, 2013 Aug 22, 2012 Reserve Bank credit 3,589,705 + 24,145 + 806,015 3,602,633 Securities held outright (1) 3,368,543 + 39,082 + 782,247 3,381,070 U.S. Treasury securities 2,007,832 + 9,523 + 367,455 2,012,169 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 1,908,905 + 8,233 + 348,964 1,913,222 Notes and bonds, inflation-indexed (2) 85,819 + 1,211 + 15,384 85,819 Inflation compensation (3) 13,108 + 79 + 3,107 13,128 Federal agency debt securities (2) 65,713 - 693 - 22,794 65,713 Mortgage-backed securities (4) 1,294,998 + 30,251 + 437,586 1,303,189 Unamortized premiums on securities held outright (5) 203,827 - 40 + 55,871 204,100 Unamortized discounts on securities held outright (5) -4,146 - 581 - 2,225 -4,368 Repurchase agreements (6) 0 0 0 0 Loans 344 + 9 - 3,069 278 Primary credit 22 + 7 + 12 25 Secondary credit 0 0 0 0 Seasonal credit 149 + 13 + 5 151 Term Asset-Backed Securities Loan Facility (7) 173 - 12 - 3,085 102 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,487 - 2 - 381 1,491 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1,456 22 Net portfolio holdings of TALF LLC (11) 195 0 - 654 195 Float -660 + 1 - 16 -668 Central bank liquidity swaps (12) 317 - 1,162 - 26,167 317 Other Federal Reserve assets (13) 19,713 - 13,161 + 1,864 20,132 Foreign currency denominated assets (14) 23,997 - 59 - 1,036 24,025 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,245 + 14 + 664 45,245 Total factors supplying reserve funds 3,675,188 + 24,099 + 805,644 3,688,145 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 Aug 21, 2013 Federal Reserve Banks Aug 21, 2013 Aug 14, 2013 Aug 22, 2012 Currency in circulation (15) 1,198,394 - 204 + 81,814 1,199,483 Reverse repurchase agreements (16) 99,032 + 4,209 + 5,756 96,342 Foreign official and international accounts 97,603 + 3,721 + 4,327 96,342 Others 1,429 + 488 + 1,429 0 Treasury cash holdings 151 0 + 22 146 Deposits with F.R. Banks, other than reserve balances 120,060 + 4,016 + 36,856 128,920 Term deposits held by depository institutions 0 - 11,913 0 0 U.S. Treasury, General Account 51,174 - 12,947 + 27,136 41,527 Foreign official 10,387 - 67 + 5,300 10,376 Other 58,499 + 28,943 + 4,419 77,018 Other liabilities and capital (17) 63,881 - 2,046 - 721 63,061 Total factors, other than reserve balances, absorbing reserve funds 1,481,517 + 5,973 + 123,726 1,487,953 Reserve balances with Federal Reserve Banks 2,193,671 + 18,126 + 681,918 2,200,192 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 Aug 21, 2013 Aug 21, 2013 Aug 14, 2013 Aug 22, 2012 Securities held in custody for foreign official and international accounts 3,283,446 + 16,217 + 126,330 3,281,184 Marketable U.S. Treasury securities (1) 2,935,713 + 14,747 + 148,980 2,926,910 Federal agency debt and mortgage-backed securities (2) 310,191 + 1,222 - 21,830 316,656 Other securities (3) 37,542 + 249 - 820 37,618 Securities lent to dealers 12,936 + 1,955 + 6,283 11,114 Overnight facility (4) 12,936 + 1,955 + 6,283 11,114 U.S. Treasury securities 12,144 + 1,979 + 6,090 10,279 Federal agency debt securities 792 - 24 + 193 835 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, August 21, 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) 139 38 29 73 0 ... 278 U.S. Treasury securities (2) Holdings 1 4 382 622,376 871,934 517,472 2,012,169 Weekly changes + 1 0 + 1 + 5 + 16,602 - 5,533 + 11,076 Federal agency debt securities (3) Holdings 0 7,341 16,810 39,153 62 2,347 65,713 Weekly changes 0 + 708 - 708 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 2 2,644 1,300,543 1,303,189 Weekly changes 0 0 0 0 + 1 + 3,357 + 3,358 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) 0 317 0 0 0 0 317 Reverse repurchase agreements (6) 96,342 0 ... ... ... ... 96,342 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Aug 21, 2013 Mortgage-backed securities held outright (1) 1,303,189 Commitments to buy mortgage-backed securities (2) 67,854 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 28 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 Aug 21, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,491 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 Aug 21, 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 Aug 21, 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 Aug 21, 2013 Asset-backed securities holdings (1) 0 Other investments, net 195 Net portfolio holdings of TALF LLC 195 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 Aug 21, 2013 Wednesday Wednesday consolidation Aug 14, 2013 Aug 22, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,997 + 8 - 161 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,581,080 + 13,910 + 848,388 Securities held outright (1) 3,381,070 + 14,433 + 797,398 U.S. Treasury securities 2,012,169 + 11,076 + 375,017 Bills (2) 0 0 0 Notes and bonds, nominal (2) 1,913,222 + 11,021 + 356,496 Notes and bonds, inflation-indexed (2) 85,819 0 + 15,384 Inflation compensation (3) 13,128 + 54 + 3,137 Federal agency debt securities (2) 65,713 0 - 21,497 Mortgage-backed securities (4) 1,303,189 + 3,358 + 443,879 Unamortized premiums on securities held outright (5) 204,100 + 31 + 56,012 Unamortized discounts on securities held outright (5) -4,368 - 468 - 2,452 Repurchase agreements (6) 0 0 0 Loans 278 - 86 - 2,569 Net portfolio holdings of Maiden Lane LLC (7) 1,491 + 5 - 378 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1,532 Net portfolio holdings of TALF LLC (10) 195 0 - 656 Items in process of collection (0) 108 0 - 39 Bank premises 2,290 + 1 - 66 Central bank liquidity swaps (11) 317 - 1,162 - 26,167 Foreign currency denominated assets (12) 24,025 + 172 - 1,148 Other assets (13) 17,841 - 13,590 + 1,762 Total assets (0) 3,645,668 - 655 + 820,007 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 Aug 21, 2013 Wednesday Wednesday consolidation Aug 14, 2013 Aug 22, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,156,377 + 13 + 80,623 Reverse repurchase agreements (14) 96,342 - 1,727 + 2,629 Deposits (0) 2,329,112 + 3,042 + 737,886 Term deposits held by depository institutions 0 - 11,913 0 Other deposits held by depository institutions 2,200,192 + 1,333 + 690,345 U.S. Treasury, General Account 41,527 - 15,630 + 27,847 Foreign official 10,376 - 35 + 5,293 Other (0) 77,018 + 29,288 + 14,402 Deferred availability cash items (0) 776 - 113 - 45 Other liabilities and accrued dividends (15) 7,974 - 1,863 - 1,513 Total liabilities (0) 3,590,581 - 648 + 819,580 Capital accounts Capital paid in 27,544 - 3 + 214 Surplus 27,544 - 3 + 214 Other capital accounts 0 0 0 Total capital 55,087 - 7 + 427 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, August 21, 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 1,997 35 85 127 139 344 196 290 31 48 161 196 345 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,581,080 93,634 1,985,803 103,752 91,450 222,657 237,895 193,522 57,645 34,028 67,764 139,059 353,870 Securities held outright (1) 3,381,070 88,412 1,874,942 97,964 86,349 210,238 224,600 182,701 54,402 32,084 63,966 131,295 334,117 U.S. Treasury securities 2,012,169 52,616 1,115,830 58,301 51,389 125,118 133,666 108,731 32,376 19,094 38,068 78,137 198,842 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,012,169 52,616 1,115,830 58,301 51,389 125,118 133,666 108,731 32,376 19,094 38,068 78,137 198,842 Federal agency debt securities (2) 65,713 1,718 36,441 1,904 1,678 4,086 4,365 3,551 1,057 624 1,243 2,552 6,494 Mortgage-backed securities (4) 1,303,189 34,077 722,671 37,759 33,282 81,033 86,569 70,420 20,969 12,366 24,655 50,606 128,781 Unamortized premiums on securities held outright (5) 204,100 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 outright (5) -4,368 -114 -2,422 -127 -112 -272 -290 -236 -70 -41 -83 -170 -432 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 278 0 102 1 0 0 27 28 29 49 19 8 16 Net portfolio holdings of Maiden Lane LLC (7) 1,491 0 1,491 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) 195 0 195 0 0 0 0 0 0 0 0 0 0 Items in process of collection 108 0 0 0 0 0 107 0 0 0 0 0 0 Bank premises 2,290 119 428 72 112 229 212 201 128 101 249 234 205 Central bank liquidity swaps (11) 317 16 101 25 25 67 18 9 3 1 3 5 45 Foreign currency denominated assets (12) 24,025 1,181 7,683 1,858 1,874 5,045 1,368 685 200 101 243 381 3,407 Other assets (13) 17,841 497 9,465 557 467 1,295 1,196 957 310 227 356 776 1,738 Interdistrict settlement account 0 - 26,139 + 281,197 - 25,733 - 21,890 - 23,387 - 48,894 - 52,841 - 15,479 - 14,547 - 23,988 - 35,104 + 6,804 Total assets 3,645,668 69,930 2,292,278 81,265 72,926 207,518 194,173 144,039 43,298 20,240 45,250 106,557 368,195 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, August 21, 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 1,488,216 47,431 551,491 45,635 61,991 112,505 181,671 96,647 37,539 23,693 39,757 119,759 170,097 Less: Notes held by F.R. Banks 331,839 13,178 93,871 9,143 10,071 15,143 35,729 23,403 5,066 11,159 13,707 61,655 39,715 Federal Reserve notes, net 1,156,377 34,253 457,620 36,492 51,920 97,362 145,942 73,244 32,473 12,535 26,050 58,104 130,381 Reverse repurchase agreements (14) 96,342 2,519 53,426 2,791 2,460 5,991 6,400 5,206 1,550 914 1,823 3,741 9,521 Deposits 2,329,112 30,314 1,759,689 37,474 13,915 91,940 37,418 63,640 8,623 6,296 16,640 43,470 219,693 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 2,200,192 30,305 1,631,194 37,439 13,908 91,626 37,406 63,611 8,623 6,295 16,639 43,468 219,678 U.S. Treasury, General Account 41,527 0 41,527 0 0 0 0 0 0 0 0 0 0 Foreign official 10,376 2 10,349 3 3 8 2 1 0 0 0 1 6 Other 77,018 8 76,619 32 4 305 10 27 0 0 1 2 10 Deferred availability cash items 776 0 0 0 0 0 671 0 0 105 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,670 47 901 47 47 125 112 85 26 15 28 63 174 Other liabilities and accrued dividends (16) 6,304 198 3,103 235 231 579 430 351 163 142 146 258 469 Total liabilities 3,590,581 67,332 2,274,739 77,039 68,573 195,997 190,973 142,526 42,835 20,006 44,687 105,636 360,238 Capital Capital paid in 27,544 1,299 8,770 2,113 2,176 5,760 1,600 756 232 117 282 461 3,978 Surplus 27,544 1,299 8,770 2,113 2,176 5,760 1,600 756 232 117 282 461 3,978 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,645,668 69,930 2,292,278 81,265 72,926 207,518 194,173 144,039 43,298 20,240 45,250 106,557 368,195 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, August 21, 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 Aug 21, 2013 Federal Reserve notes outstanding 1,488,216 Less: Notes held by F.R. Banks not subject to collateralization 331,839 Federal Reserve notes to be collateralized 1,156,377 Collateral held against Federal Reserve notes 1,156,377 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,140,140 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,381,070 Less: Face value of securities under reverse repurchase agreements 89,184 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,291,887 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.