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 Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended May 1, 2013 Federal Reserve Banks May 1, 2013 Apr 24, 2013 May 2, 2012 Reserve Bank credit 3,266,101 - 4,761 + 448,528 3,273,728 Securities held outright (1) 3,034,034 - 6,016 + 424,766 3,041,571 U.S. Treasury securities 1,840,524 + 9,157 + 173,632 1,847,983 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,748,249 + 8,986 + 176,436 1,755,658 Notes and bonds, inflation-indexed (2) 80,277 0 + 12,857 80,277 Inflation compensation (3) 11,999 + 173 + 2,763 12,048 Federal agency debt securities (2) 72,053 0 - 22,518 72,053 Mortgage-backed securities (4) 1,121,457 - 15,173 + 273,652 1,121,535 Unamortized premiums on securities held outright (5) 196,106 + 479 + 69,042 196,344 Unamortized discounts on securities held outright (5) -1,650 + 14 + 676 -1,649 Repurchase agreements (6) 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 Facility (7) 377 - 1 - 6,154 377 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,425 + 16 - 2,751 1,428 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 19,953 22 Net portfolio holdings of TALF LLC (11) 393 0 - 443 393 Float -689 - 59 + 175 -698 Central bank liquidity swaps (12) 8,576 + 1,024 - 19,375 8,576 Other Federal Reserve assets (13) 27,415 - 215 + 2,568 27,259 Foreign currency denominated assets (14) 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 outstanding (15) 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 Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended May 1, 2013 Federal Reserve Banks May 1, 2013 Apr 24, 2013 May 2, 2012 Currency in circulation (15) 1,180,382 + 1,566 + 79,848 1,182,772 Reverse repurchase agreements (16) 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 capital (17) 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 Week ended Change from week ended May 1, 2013 May 1, 2013 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 securities (1) 2,945,728 + 1,108 + 252,040 2,948,108 Federal agency debt and mortgage-backed securities (2) 310,894 - 3,936 - 56,485 310,750 Other securities (3) 38,429 + 199 + 928 38,583 Securities lent to dealers 22,696 + 3,872 + 8,914 23,669 Overnight facility (4) 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 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) 15 26 0 377 0 ... 419 U.S. Treasury securities (2) 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 securities (3) 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 securities (4) 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 LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 1,300 7,276 0 0 0 0 8,576 Reverse repurchase agreements (6) 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 outright (1) 1,121,535 Commitments to buy mortgage-backed securities (2) 92,712 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 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 LLC (1) 1,428 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Wednesday May 1, 2013 Net portfolio holdings of Maiden Lane II LLC (1) 64 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Wednesday May 1, 2013 Net portfolio holdings of Maiden Lane III LLC (1) 22 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Account name Wednesday May 1, 2013 Asset-backed securities holdings (1) 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 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 May 1, 2013 Wednesday Wednesday consolidation 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 outright (1) 3,041,571 - 2,716 + 431,550 U.S. Treasury securities 1,847,983 + 11,756 + 180,353 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,755,658 + 11,598 + 183,394 Notes and bonds, inflation-indexed (2) 80,277 0 + 12,611 Inflation compensation (3) 12,048 + 157 + 2,771 Federal agency debt securities (2) 72,053 0 - 22,518 Mortgage-backed securities (4) 1,121,535 - 14,472 + 273,715 Unamortized premiums on securities held outright (5) 196,344 + 250 + 68,599 Unamortized discounts on securities held outright (5) -1,649 + 13 + 677 Repurchase agreements (6) 0 0 0 Loans 419 + 1 - 6,382 Net portfolio holdings of Maiden Lane LLC (7) 1,428 + 4 - 2,755 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 20,185 Net portfolio holdings of TALF LLC (10) 393 0 - 443 Items in process of collection (0) 591 + 457 + 305 Bank premises 2,296 - 5 - 69 Central bank liquidity swaps (11) 8,576 + 1,024 - 18,680 Foreign currency denominated assets (12) 23,850 + 423 - 1,938 Other assets (13) 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 Wednesday Change since from May 1, 2013 Wednesday Wednesday consolidation 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 agreements (14) 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 dividends (15) 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 outright (1) 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 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 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 securities (2) 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 securities (4) 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 outright (5) 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 outright (5) -1,649 -43 -915 -48 -42 -103 -110 -89 -27 -16 -31 -64 -163 Repurchase agreements (6) 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 LLC (7) 1,428 0 1,428 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) 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 swaps (11) 8,576 421 2,741 663 669 1,801 489 245 71 36 87 136 1,216 Foreign currency denominated assets (12) 23,850 1,172 7,631 1,844 1,860 5,007 1,358 680 199 100 241 378 3,381 Other assets (13) 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 agreements (14) 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. Treasury (15) 1,809 51 897 72 64 191 121 86 29 15 30 63 190 Other liabilities and accrued dividends (16) 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 pledged (1,2) 1,123,738 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 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.