FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 11, 2013 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Apr 10, 2013 Federal Reserve Banks Apr 10, 2013 Apr 3, 2013 Apr 11, 2012 Reserve Bank credit 3,205,838 + 15,127 + 361,854 3,210,270 Securities held outright (1) 2,954,931 + 12,311 + 345,126 2,957,619 U.S. Treasury securities 1,811,564 + 12,324 + 135,030 1,814,482 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,721,093 + 11,645 + 142,043 1,722,664 Notes and bonds, inflation-indexed (2) 79,278 + 399 + 9,624 80,278 Inflation compensation (3) 11,192 + 279 + 1,785 11,541 Federal agency debt securities (2) 72,317 - 106 - 24,161 72,053 Mortgage-backed securities (4) 1,071,050 + 93 + 234,257 1,071,084 Repurchase agreements (5) 0 0 0 0 Loans 400 + 8 - 6,657 439 Primary credit 10 + 2 + 7 49 Secondary credit 0 0 0 0 Seasonal credit 8 + 6 0 9 Term Asset-Backed Securities Loan Facility (6) 382 0 - 6,664 382 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 1,402 0 - 4,043 1,403 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45 64 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,496 22 Net portfolio holdings of TALF LLC (10) 392 - 7 - 439 392 Float -897 - 221 - 99 -717 Central bank liquidity swaps (11) 8,751 + 695 - 23,720 8,751 Other Federal Reserve assets (12) 240,772 + 2,339 + 69,135 242,296 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 44,947 + 14 + 540 44,947 Total factors supplying reserve funds 3,267,026 + 15,141 + 362,394 3,271,458 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 Apr 10, 2013 Federal Reserve Banks Apr 10, 2013 Apr 3, 2013 Apr 11, 2012 Currency in circulation (13) 1,178,581 + 832 + 77,625 1,179,756 Reverse repurchase agreements (14) 94,174 - 5,982 + 4,249 94,280 Foreign official and international accounts 93,271 - 6,848 + 3,346 91,530 Others 903 + 866 + 903 2,750 Treasury cash holdings 216 - 14 + 74 200 Deposits with F.R. Banks, other than reserve balances 82,051 - 23,568 - 6,953 78,083 Term deposits held by depository institutions 3,045 0 - 12 3,045 U.S. Treasury, General Account 58,767 - 17,377 + 13,478 52,487 Foreign official 9,246 + 57 + 9,114 9,380 Service-related 0 0 - 1,930 0 Required clearing balances 0 0 - 1,930 0 Adjustments to compensate for float 0 0 0 0 Other 10,994 - 6,246 - 27,603 13,171 Other liabilities and capital (15) 68,280 + 1,249 - 5,772 67,778 Total factors, other than reserve balances, absorbing reserve funds 1,423,302 - 27,482 + 69,222 1,420,097 Reserve balances with Federal Reserve Banks 1,843,724 + 42,623 + 293,172 1,851,361 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. Cash value of agreements. 6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 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. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 13. Estimated. 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. 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 Apr 10, 2013 Apr 10, 2013 Apr 3, 2013 Apr 11, 2012 Securities held in custody for foreign official and international accounts 3,295,803 + 340 + 192,894 3,291,852 Marketable U.S. Treasury securities (1) 2,956,607 - 233 + 275,545 2,952,862 Federal agency debt and mortgage-backed securities (2) 301,282 + 661 - 83,702 301,380 Other securities (3) 37,914 - 89 + 1,051 37,610 Securities lent to dealers 18,878 - 4,892 - 179 17,856 Overnight facility (4) 18,878 - 4,892 - 179 17,856 U.S. Treasury securities 17,898 - 4,776 - 333 16,975 Federal agency debt securities 979 - 116 + 154 881 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, April 10, 2013 Millions of dollars Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All days 90 days 1 year to 5 years to 10 years years Loans (1) 49 9 0 382 0 ... 439 U.S. Treasury securities (2) Holdings 1 6 308 462,043 886,581 465,543 1,814,482 Weekly changes 0 0 0 + 21 + 3,762 + 5,059 + 8,843 Federal agency debt securities (3) Holdings 0 2,873 21,837 42,952 2,044 2,347 72,053 Weekly changes - 370 0 0 0 0 0 - 370 Mortgage-backed securities (4) Holdings 0 0 1 1 2,599 1,068,482 1,071,084 Weekly changes 0 0 0 0 0 + 109 + 110 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) 1,502 7,249 0 0 0 0 8,751 Reverse repurchase agreements (6) 94,280 0 ... ... ... ... 94,280 Term deposits 3,045 0 0 ... ... ... 3,045 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 Apr 10, 2013 Mortgage-backed securities held outright (1) 1,071,084 Commitments to buy mortgage-backed securities (2) 129,432 Commitments to sell mortgage-backed securities (2) 5,100 Cash and cash equivalents (3) 118 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 Apr 10, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,403 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 December 31, 2012. 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 Apr 10, 2013 Net portfolio holdings of Maiden Lane II LLC (1) 64 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. 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 Apr 10, 2013 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. 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 Apr 10, 2013 Asset-backed securities holdings (1) 0 Other investments, net 392 Net portfolio holdings of TALF LLC 392 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 Apr 10, 2013 Wednesday Wednesday consolidation Apr 3, 2013 Apr 11, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,081 - 16 - 188 Securities, repurchase agreements, and loans 2,958,058 + 8,628 + 336,674 Securities held outright (1) 2,957,619 + 8,583 + 343,255 U.S. Treasury securities 1,814,482 + 8,843 + 133,389 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,722,664 + 6,873 + 137,954 Notes and bonds, inflation-indexed (2) 80,278 + 1,399 + 11,524 Inflation compensation (3) 11,541 + 572 + 2,335 Federal agency debt securities (2) 72,053 - 370 - 24,425 Mortgage-backed securities (4) 1,071,084 + 110 + 234,291 Repurchase agreements (5) 0 0 0 Loans 439 + 45 - 6,581 Net portfolio holdings of Maiden Lane LLC (6) 1,403 + 1 - 4,067 Net portfolio holdings of Maiden Lane II LLC (7) 64 0 + 45 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,564 Net portfolio holdings of TALF LLC (9) 392 - 7 - 439 Items in process of collection (0) 108 - 19 - 58 Bank premises 2,297 0 - 56 Central bank liquidity swaps (10) 8,751 + 695 - 23,720 Other assets (11) 239,999 + 3,058 + 69,265 Total assets (0) 3,229,413 + 12,341 + 359,894 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 Apr 10, 2013 Wednesday Wednesday consolidation Apr 3, 2013 Apr 11, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,137,087 + 144 + 77,245 Reverse repurchase agreements (12) 94,280 + 113 + 5,391 Deposits (0) 1,929,444 + 11,026 + 283,938 Term deposits held by depository institutions 3,045 0 - 12 Other deposits held by depository institutions 1,851,361 + 13,531 + 282,561 U.S. Treasury, General Account 52,487 - 7,573 + 16,963 Foreign official 9,380 + 194 + 9,253 Other (0) 13,171 + 4,873 - 24,826 Deferred availability cash items (0) 825 - 54 - 281 Other liabilities and accrued dividends (13) 12,639 + 1,106 - 7,096 Total liabilities (0) 3,174,274 + 12,334 + 359,196 Capital accounts Capital paid in 27,570 + 4 + 350 Surplus 27,570 + 4 + 350 Other capital accounts 0 0 0 Total capital 55,139 + 7 + 698 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. 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, April 10, 2013 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Assets Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,081 39 106 136 152 372 187 308 27 53 163 190 348 Securities, repurchase agreements, and loans 2,958,058 71,836 1,658,584 97,772 75,196 210,498 178,324 164,083 46,240 26,933 59,424 114,919 254,250 Securities held outright (1) 2,957,619 71,835 1,658,202 97,772 75,196 210,498 178,324 164,076 46,240 26,887 59,420 114,919 254,250 U.S. Treasury securities 1,814,482 44,070 1,017,298 59,983 46,132 129,139 109,401 100,660 28,368 16,495 36,454 70,502 155,981 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,814,482 44,070 1,017,298 59,983 46,132 129,139 109,401 100,660 28,368 16,495 36,454 70,502 155,981 Federal agency debt securities (2) 72,053 1,750 40,397 2,382 1,832 5,128 4,344 3,997 1,126 655 1,448 2,800 6,194 Mortgage-backed securities (4) 1,071,084 26,015 600,508 35,408 27,232 76,231 64,579 59,419 16,745 9,737 21,519 41,617 92,075 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 439 1 382 0 0 0 0 7 0 46 4 0 0 Net portfolio holdings of Maiden Lane LLC (6) 1,403 0 1,403 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 64 0 64 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 22 0 22 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 392 0 392 0 0 0 0 0 0 0 0 0 0 Items in process of collection 108 0 0 0 0 0 107 0 0 1 0 0 0 Bank premises 2,297 118 427 71 114 229 213 201 129 102 251 236 207 Central bank liquidity swaps (10) 8,751 430 2,797 677 683 1,838 499 250 73 37 89 139 1,241 Other assets (11) 239,999 6,452 128,459 8,982 7,352 20,515 14,435 12,675 3,622 2,123 4,606 8,843 21,935 Interdistrict settlement account 0 - 8,525 + 32,691 - 20,841 - 4,650 - 33,589 + 12,243 - 22,272 - 517 - 2,008 - 11,645 - 17,858 + 76,971 Total assets 3,229,413 70,953 1,830,589 87,445 79,598 201,164 207,997 156,507 50,037 27,523 53,355 107,476 356,769 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, April 10, 2013 (continued) Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Liabilities Federal Reserve notes outstanding 1,405,966 46,830 529,981 46,560 60,970 102,586 173,853 94,831 36,728 23,499 37,460 97,894 154,773 Less: Notes held by F.R. Banks 268,879 11,418 95,980 4,132 8,678 10,702 31,185 14,684 3,397 7,326 10,351 45,616 25,408 Federal Reserve notes, net 1,137,087 35,412 434,000 42,428 52,292 91,884 142,669 80,146 33,331 16,172 27,109 52,279 129,365 Reverse repurchase agreements (12) 94,280 2,290 52,858 3,117 2,397 6,710 5,684 5,230 1,474 857 1,894 3,663 8,105 Deposits 1,929,444 30,396 1,318,188 37,265 20,328 90,102 55,167 68,993 14,553 9,988 23,566 50,216 210,682 Term deposits held by depository institutions 3,045 10 1,762 0 0 40 388 5 0 100 205 5 530 Other deposits held by depository institutions 1,851,361 30,384 1,241,697 37,226 20,324 89,854 54,769 68,961 14,552 9,888 23,359 50,210 210,137 U.S. Treasury, General Account 52,487 0 52,487 0 0 0 0 0 0 0 0 0 0 Foreign official 9,380 2 9,353 3 3 8 2 1 0 0 0 1 6 Other 13,171 0 12,889 36 0 200 8 26 0 0 1 1 9 Deferred availability cash items 825 0 0 0 0 0 725 0 0 100 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (13) 1,299 19 878 17 3 15 76 87 21 12 29 59 81 Other liabilities and accrued dividends (14) 11,340 251 7,143 328 299 786 535 475 195 160 194 341 632 Total liabilities 3,174,274 68,367 1,813,068 83,155 75,319 189,498 204,856 154,932 49,574 27,289 52,792 106,559 348,865 Capital Capital paid in 27,570 1,293 8,761 2,145 2,140 5,833 1,571 787 232 117 281 459 3,952 Surplus 27,570 1,293 8,761 2,145 2,140 5,833 1,571 787 232 117 281 459 3,952 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,229,413 70,953 1,830,589 87,445 79,598 201,164 207,997 156,507 50,037 27,523 53,355 107,476 356,769 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, April 10, 2013 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation below. 7. Refer to table 5 and the note on consolidation below. 8. Refer to table 6 and the note on consolidation below. 9. Refer to table 7 and the note on consolidation below. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. 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. 14. 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 Apr 10, 2013 Federal Reserve notes outstanding 1,405,966 Less: Notes held by F.R. Banks not subject to collateralization 268,879 Federal Reserve notes to be collateralized 1,137,087 Collateral held against Federal Reserve notes 1,137,087 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,120,850 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,957,619 Less: Face value of securities under reverse repurchase agreements 81,474 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,876,145 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.