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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

May 2, 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
May 1, 2013

Week ended
May 1, 2013

Change from week ended

Apr 24, 2013

May 2, 2012

Reserve Bank credit

3,266,101

-    4,761

+  448,528

3,273,728

Securities held outright1

3,034,034

-    6,016

+  424,766

3,041,571

U.S. Treasury securities

1,840,524

+    9,157

+  173,632

1,847,983

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,748,249

+    8,986

+  176,436

1,755,658

Notes and bonds, inflation-indexed2

    80,277

         0

+   12,857

    80,277

Inflation compensation3

    11,999

+      173

+    2,763

    12,048

Federal agency debt securities2

    72,053

         0

-   22,518

    72,053

Mortgage-backed securities4

1,121,457

-   15,173

+  273,652

1,121,535

Unamortized premiums on securities held outright5

   196,106

+      479

+   69,042

   196,344

Unamortized discounts on securities held outright5

    -1,650

+       14

+      676

    -1,649

Repurchase agreements6

         0

         0

         0

         0

Loans

       405

-        4

-    6,223

       419

Primary credit

        10

-        7

-       73

        15

Secondary credit

         0

         0

         0

         0

Seasonal credit

        17

+        4

+        3

        26

Term Asset-Backed Securities Loan Facility7

       377

-        1

-    6,154

       377

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,425

+       16

-    2,751

     1,428

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   19,953

        22

Net portfolio holdings of TALF LLC11

       393

         0

-      443

       393

Float

      -689

-       59

+      175

      -698

Central bank liquidity swaps12

     8,576

+    1,024

-   19,375

     8,576

Other Federal Reserve assets13

    27,415

-      215

+    2,568

    27,259

Foreign currency denominated assets14

    23,651

+      149

-    2,138

    23,850

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,015

+       14

+      588

    45,015

Total factors supplying reserve funds

3,351,008

-    4,598

+  446,979

3,358,835

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
May 1, 2013

Week ended
May 1, 2013

Change from week ended

Apr 24, 2013

May 2, 2012

Currency in circulation15

1,180,382

+    1,566

+   79,848

1,182,772

Reverse repurchase agreements16

    95,161

+      927

-    2,785

    95,281

Foreign official and international accounts

    95,161

+      927

-    2,785

    95,281

Others

         0

         0

         0

         0

Treasury cash holdings

       186

+        3

+       46

       183

Deposits with F.R. Banks, other than reserve balances

   177,687

-   20,188

+   39,449

   201,664

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   157,054

+   28,354

+   36,306

   184,624

Foreign official

     9,958

+       88

+    9,820

     9,949

Service-related

         0

         0

-    1,927

         0

Required clearing balances

         0

         0

-    1,927

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    10,675

-   48,630

-    4,749

     7,091

Other liabilities and capital17

    65,751

-      625

-    8,961

    65,382

Total factors, other than reserve balances,
absorbing reserve funds

1,519,167

-   18,318

+  107,598

1,545,282

Reserve balances with Federal Reserve Banks

1,831,841

+   13,719

+  339,381

1,813,553

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
May 1, 2013

Week ended
May 1, 2013

Change from week ended

Apr 24, 2013

May 2, 2012

Securities held in custody for foreign official and international accounts

3,295,051

-    2,629

+  196,484

3,297,441

Marketable U.S. Treasury securities1

2,945,728

+    1,108

+  252,040

2,948,108

Federal agency debt and mortgage-backed securities2

   310,894

-    3,936

-   56,485

   310,750

Other securities3

    38,429

+      199

+      928

    38,583

Securities lent to dealers

    22,696

+    3,872

+    8,914

    23,669

Overnight facility4

    22,696

+    3,872

+    8,914

    23,669

U.S. Treasury securities

    21,680

+    3,688

+    8,780

    22,290

Federal agency debt securities

     1,016

+      184

+      135

     1,379

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, May 1, 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

        15

        26

         0

       377

         0

...

       419

U.S. Treasury securities2

Holdings

         2

         4

       308

   491,298

   882,001

   474,369

1,847,983

Weekly changes

+        1

-        2

+        1

+   23,632

-   15,076

+    3,199

+   11,756

Federal agency debt securities3

Holdings

         0

     5,532

    21,556

    40,574

     2,044

     2,347

    72,053

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,686

1,118,847

1,121,535

Weekly changes

         0

         0

         0

         0

-       56

-   14,416

-   14,472

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,300

     7,276

         0

         0

         0

         0

     8,576

Reverse repurchase agreements6

    95,281

         0

...

...

...

...

    95,281

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

May 1, 2013

Mortgage-backed securities held outright1

1,121,535

Commitments to buy mortgage-backed securities2

    92,712

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        41

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

May 1, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,428

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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

May 1, 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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

May 1, 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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

May 1, 2013

Asset-backed securities holdings1

         0

Other investments, net

       393

Net portfolio holdings of TALF LLC

       393

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) 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 from consolidation

Wednesday
May 1, 2013

Change since

Wednesday

Wednesday

Apr 24, 2013

May 2, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,039

-        8

-      191

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,236,685

-    2,453

+  494,444

Securities held outright1

3,041,571

-    2,716

+  431,550

U.S. Treasury securities

1,847,983

+   11,756

+  180,353

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,755,658

+   11,598

+  183,394

Notes and bonds, inflation-indexed2

    80,277

         0

+   12,611

Inflation compensation3

    12,048

+      157

+    2,771

Federal agency debt securities2

    72,053

         0

-   22,518

Mortgage-backed securities4

1,121,535

-   14,472

+  273,715

Unamortized premiums on securities held outright5

   196,344

+      250

+   68,599

Unamortized discounts on securities held outright5

    -1,649

+       13

+      677

Repurchase agreements6

         0

         0

         0

Loans

       419

+        1

-    6,382

Net portfolio holdings of Maiden Lane LLC7

     1,428

+        4

-    2,755

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   20,185

Net portfolio holdings of TALF LLC10

       393

         0

-      443

Items in process of collection

(0)

       591

+      457

+      305

Bank premises

     2,296

-        5

-       69

Central bank liquidity swaps11

     8,576

+    1,024

-   18,680

Foreign currency denominated assets12

    23,850

+      423

-    1,938

Other assets13

    25,014

-      896

+    2,383

Total assets

(0)

3,317,194

-    1,455

+  452,914

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
May 1, 2013

Change since

Wednesday

Wednesday

Apr 24, 2013

May 2, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,139,975

+    2,370

+   79,342

Reverse repurchase agreements14

    95,281

+    4,826

+    4,945

Deposits

(0)

2,015,267

-    9,734

+  375,683

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,813,604

+   64,117

+  330,460

U.S. Treasury, General Account

   184,624

+   17,003

+   47,878

Foreign official

     9,949

+       80

+    9,812

Other

(0)

     7,091

-   90,932

-   12,467

Deferred availability cash items

(0)

     1,290

+      437

+      153

Other liabilities and accrued dividends15

    10,225

+      617

-    7,885

Total liabilities

(0)

3,262,037

-    1,484

+  452,236

Capital accounts

Capital paid in

    27,579

+       15

+      339

Surplus

    27,579

+       15

+      339

Other capital accounts

         0

         0

         0

Total capital

    55,157

+       29

+      678

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, May 1, 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

     2,039

        40

       101

       132

       146

       360

       184

       302

        26

        53

       162

       189

       344

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,236,685

    84,625

1,795,020

    93,768

    82,651

   201,239

   214,988

   174,887

    52,073

    30,717

    61,236

   125,672

   319,808

Securities held outright1

3,041,571

    79,534

1,686,676

    88,127

    77,679

   189,127

   202,048

   164,356

    48,940

    28,862

    57,543

   118,112

   300,568

U.S. Treasury securities

1,847,983

    48,323

1,024,782

    53,544

    47,196

   114,909

   122,759

    99,858

    29,735

    17,536

    34,962

    71,762

   182,618

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,847,983

    48,323

1,024,782

    53,544

    47,196

   114,909

   122,759

    99,858

    29,735

    17,536

    34,962

    71,762

   182,618

Federal agency debt securities2

    72,053

     1,884

    39,956

     2,088

     1,840

     4,480

     4,786

     3,893

     1,159

       684

     1,363

     2,798

     7,120

Mortgage-backed securities4

1,121,535

    29,327

   621,937

    32,496

    28,643

    69,738

    74,502

    60,604

    18,046

    10,642

    21,218

    43,552

   110,830

Unamortized premiums on securities held outright5

   196,344

     5,134

   108,881

     5,689

     5,014

    12,209

    13,043

    10,610

     3,159

     1,863

     3,715

     7,625

    19,403

Unamortized discounts on securities held outright5

    -1,649

       -43

      -915

       -48

       -42

      -103

      -110

       -89

       -27

       -16

       -31

       -64

      -163

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       419

         0

       378

         0

         1

         5

         7

        11

         1

         7

         9

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,428

         0

     1,428

         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

       393

         0

       393

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       591

         0

         0

         0

         0

         0

       591

         0

         0

         0

         0

         0

         0

Bank premises

     2,296

       118

       427

        72

       114

       229

       213

       201

       129

       102

       250

       236

       206

Central bank liquidity swaps11

     8,576

       421

     2,741

       663

       669

     1,801

       489

       245

        71

        36

        87

       136

     1,216

Foreign currency denominated assets12

    23,850

     1,172

     7,631

     1,844

     1,860

     5,007

     1,358

       680

       199

       100

       241

       378

     3,381

Other assets13

    25,014

       690

    13,420

       737

       654

     1,741

     1,689

     1,346

       453

       302

       495

       990

     2,496

Interdistrict settlement account

         0

-   17,866

+  180,872

-   17,304

-   12,092

-   19,029

-   23,112

-   22,685

-    6,365

-    7,992

-   15,603

-   23,938

-   14,886

Total assets

3,317,194

    69,788

2,007,863

    80,520

    74,751

   192,616

   198,474

   156,191

    47,046

    23,597

    47,330

   104,673

   314,346

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, May 1, 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

1,415,921

    46,546

   539,297

    46,237

    60,655

   104,664

   173,310

    94,883

    36,568

    23,358

    37,393

    98,564

   154,446

Less: Notes held by F.R. Banks

   275,946

    12,281

    90,447

     4,872

     8,733

    11,085

    32,868

    15,052

     3,512

     8,414

    10,955

    49,220

    28,508

Federal Reserve notes, net

1,139,975

    34,265

   448,850

    41,365

    51,923

    93,579

   140,442

    79,831

    33,056

    14,945

    26,438

    49,344

   125,938

Reverse repurchase agreements14

    95,281

     2,491

    52,837

     2,761

     2,433

     5,925

     6,329

     5,149

     1,533

       904

     1,803

     3,700

     9,416

Deposits

2,015,267

    30,179

1,482,910

    31,767

    15,735

    80,610

    46,761

    69,220

    11,795

     7,255

    18,340

    50,369

   170,325

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

1,813,604

    30,175

1,281,535

    31,724

    15,732

    80,427

    46,751

    69,193

    11,795

     7,255

    18,338

    50,367

   170,311

U.S. Treasury, General Account

   184,624

         0

   184,624

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,949

         2

     9,921

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

     7,091

         2

     6,830

        40

         0

       174

         8

        26

         0

         0

         1

         1

         9

Deferred availability cash items

     1,290

         0

         7

         0

         0

         0

     1,185

         0

         0

        98

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,809

        51

       897

        72

        64

       191

       121

        86

        29

        15

        30

        63

       190

Other liabilities and accrued
dividends16

     8,416

       215

     4,841

       266

       266

       649

       470

       393

       169

       145

       156

       280

       566

Total liabilities

3,262,037

    67,201

1,990,342

    76,230

    70,421

   180,953

   195,308

   154,679

    46,583

    23,363

    46,767

   103,755

   306,436

Capital

Capital paid in

    27,579

     1,293

     8,761

     2,145

     2,165

     5,831

     1,583

       756

       232

       117

       281

       459

     3,955

Surplus

    27,579

     1,293

     8,761

     2,145

     2,165

     5,831

     1,583

       756

       232

       117

       281

       459

     3,955

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,317,194

    69,788

2,007,863

    80,520

    74,751

   192,616

   198,474

   156,191

    47,046

    23,597

    47,330

   104,673

   314,346

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, May 1, 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

May 1, 2013

Federal Reserve notes outstanding

1,415,921

Less: Notes held by F.R. Banks not subject to collateralization

   275,946

Federal Reserve notes to be collateralized

1,139,975

Collateral held against Federal Reserve notes

1,139,975

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,123,738

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

3,041,571

Less: Face value of securities under reverse repurchase agreements

    80,801

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

2,960,770

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.


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