FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 20, 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 Jun 19, 2013 Federal Reserve Banks Jun 19, 2013 Jun 12, 2013 Jun 20, 2012 Reserve Bank credit 3,418,376 + 54,376 + 596,316 3,427,133 Securities held outright (1) 3,190,071 + 50,890 + 568,899 3,198,344 U.S. Treasury securities 1,912,215 + 8,919 + 246,524 1,918,706 Bills (2) 0 0 - 18,423 0 Notes and bonds, nominal (2) 1,816,568 + 7,931 + 246,104 1,823,067 Notes and bonds, inflation-indexed (2) 83,026 + 986 + 15,880 83,026 Inflation compensation (3) 12,621 + 2 + 2,963 12,612 Federal agency debt securities (2) 70,691 - 199 - 21,495 70,658 Mortgage-backed securities (4) 1,207,165 + 42,170 + 343,870 1,208,981 Unamortized premiums on securities held outright (5) 202,931 + 2,023 + 66,271 203,318 Unamortized discounts on securities held outright (5) -2,095 - 122 + 114 -2,123 Repurchase agreements (6) 0 0 0 0 Loans 358 + 22 - 4,983 364 Primary credit 25 + 10 - 1 27 Secondary credit 0 0 0 0 Seasonal credit 63 + 13 - 1 68 Term Asset-Backed Securities Loan Facility (7) 269 - 2 - 4,982 269 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,424 0 - 1,286 1,419 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 11,991 22 Net portfolio holdings of TALF LLC (11) 281 0 - 560 281 Float -746 + 47 - 22 -766 Central bank liquidity swaps (12) 1,772 + 1 - 22,443 1,772 Other Federal Reserve assets (13) 24,294 + 1,515 + 2,271 24,439 Foreign currency denominated assets (14) 24,293 + 355 - 1,074 24,292 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,125 + 14 + 625 45,125 Total factors supplying reserve funds 3,504,035 + 54,745 + 595,867 3,512,791 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 Jun 19, 2013 Federal Reserve Banks Jun 19, 2013 Jun 12, 2013 Jun 20, 2012 Currency in circulation (15) 1,188,506 - 555 + 80,365 1,189,904 Reverse repurchase agreements (16) 91,132 + 586 + 7,290 88,367 Foreign official and international accounts 91,132 + 586 + 7,290 88,367 Others 0 0 0 0 Treasury cash holdings 125 - 11 - 9 116 Deposits with F.R. Banks, other than reserve balances 164,363 + 89,901 + 19,105 241,893 Term deposits held by depository institutions 10,496 0 + 10,496 10,496 U.S. Treasury, General Account 79,129 + 36,073 - 35,617 117,287 Foreign official 9,675 - 185 + 8,101 10,090 Service-related 0 0 - 1,897 0 Required clearing balances 0 0 - 1,897 0 Adjustments to compensate for float 0 0 0 0 Other 65,063 + 54,012 + 38,021 104,020 Other liabilities and capital (17) 65,592 + 1,554 - 8,691 64,114 Total factors, other than reserve balances, absorbing reserve funds 1,509,719 + 91,476 + 98,060 1,584,395 Reserve balances with Federal Reserve Banks 1,994,315 - 36,732 + 497,806 1,928,396 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 Jun 19, 2013 Jun 19, 2013 Jun 12, 2013 Jun 20, 2012 Securities held in custody for foreign official and international accounts 3,302,402 - 11,948 + 181,852 3,303,879 Marketable U.S. Treasury securities (1) 2,963,756 - 9,879 + 234,924 2,966,372 Federal agency debt and mortgage-backed securities (2) 300,391 - 2,206 - 53,851 299,164 Other securities (3) 38,256 + 138 + 780 38,343 Securities lent to dealers 14,589 - 3,553 + 3,342 18,121 Overnight facility (4) 14,589 - 3,553 + 3,342 18,121 U.S. Treasury securities 13,630 - 3,538 + 3,048 17,227 Federal agency debt securities 959 - 14 + 294 894 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, June 19, 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) 88 7 0 269 0 ... 364 U.S. Treasury securities (2) Holdings 1 3 343 547,248 872,792 498,318 1,918,706 Weekly changes 0 - 1 0 + 2,771 + 6,029 + 3,828 + 12,627 Federal agency debt securities (3) Holdings 1,478 5,528 19,993 41,250 62 2,347 70,658 Weekly changes + 1,246 - 914 - 141 - 423 0 0 - 232 Mortgage-backed securities (4) Holdings 0 0 0 1 2,686 1,206,293 1,208,981 Weekly changes 0 0 0 0 - 15 + 43,988 + 43,973 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) 452 1,320 0 0 0 0 1,772 Reverse repurchase agreements (6) 88,367 0 ... ... ... ... 88,367 Term deposits 10,496 0 0 ... ... ... 10,496 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 Jun 19, 2013 Mortgage-backed securities held outright (1) 1,208,981 Commitments to buy mortgage-backed securities (2) 75,572 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 190 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 Jun 19, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,419 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 Jun 19, 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 Jun 19, 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 Jun 19, 2013 Asset-backed securities holdings (1) 0 Other investments, net 281 Net portfolio holdings of TALF LLC 281 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 Jun 19, 2013 Wednesday Wednesday consolidation Jun 12, 2013 Jun 20, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,985 + 6 - 151 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,399,902 + 58,682 + 635,260 Securities held outright (1) 3,198,344 + 56,368 + 575,245 U.S. Treasury securities 1,918,706 + 12,627 + 255,129 Bills (2) 0 0 - 18,423 Notes and bonds, nominal (2) 1,823,067 + 12,650 + 255,608 Notes and bonds, inflation-indexed (2) 83,026 0 + 15,111 Inflation compensation (3) 12,612 - 24 + 2,832 Federal agency debt securities (2) 70,658 - 232 - 20,826 Mortgage-backed securities (4) 1,208,981 + 43,973 + 340,943 Unamortized premiums on securities held outright (5) 203,318 + 2,393 + 65,005 Unamortized discounts on securities held outright (5) -2,123 - 61 + 70 Repurchase agreements (6) 0 0 0 Loans 364 - 16 - 5,059 Net portfolio holdings of Maiden Lane LLC (7) 1,419 - 6 - 1,064 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 46 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 12,233 Net portfolio holdings of TALF LLC (10) 281 0 - 560 Items in process of collection (0) 115 + 23 - 104 Bank premises 2,299 0 - 64 Central bank liquidity swaps (11) 1,772 + 1 - 22,443 Foreign currency denominated assets (12) 24,292 + 70 - 1,056 Other assets (13) 22,142 + 911 + 2,052 Total assets (0) 3,470,530 + 59,688 + 599,684 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 Jun 19, 2013 Wednesday Wednesday consolidation Jun 12, 2013 Jun 20, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,146,877 + 279 + 80,119 Reverse repurchase agreements (14) 88,367 + 2,090 + 4,259 Deposits (0) 2,170,291 + 56,681 + 524,658 Term deposits held by depository institutions 10,496 0 + 10,496 Other deposits held by depository institutions 1,928,398 - 112,329 + 466,678 U.S. Treasury, General Account 117,287 + 78,003 - 22,593 Foreign official 10,090 + 379 + 8,515 Other (0) 104,020 + 90,629 + 61,561 Deferred availability cash items (0) 881 - 93 0 Other liabilities and accrued dividends (15) 9,138 + 724 - 9,659 Total liabilities (0) 3,415,554 + 59,682 + 599,376 Capital accounts Capital paid in 27,488 + 3 + 154 Surplus 27,488 + 3 + 154 Other capital accounts 0 0 0 Total capital 54,976 + 7 + 307 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, June 19, 2013 Millions of dollars Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco Assets Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,985 36 87 122 134 350 187 293 29 51 160 191 346 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,399,902 88,896 1,885,453 98,499 86,821 211,386 225,832 183,718 54,707 32,282 64,350 132,015 335,942 Securities held outright (1) 3,198,344 83,634 1,773,613 92,670 81,682 198,876 212,462 172,827 51,462 30,350 60,509 124,200 316,060 U.S. Treasury securities 1,918,706 50,172 1,064,001 55,593 49,002 119,307 127,457 103,680 30,873 18,207 36,300 74,508 189,606 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 1,918,706 50,172 1,064,001 55,593 49,002 119,307 127,457 103,680 30,873 18,207 36,300 74,508 189,606 Federal agency debt securities (2) 70,658 1,848 39,183 2,047 1,805 4,394 4,694 3,818 1,137 670 1,337 2,744 6,982 Mortgage-backed securities (4) 1,208,981 31,614 670,429 35,029 30,876 75,175 80,311 65,329 19,453 11,472 22,873 46,948 119,471 Unamortized premiums on securities held outright (5) 203,318 5,317 112,748 5,891 5,193 12,642 13,506 10,987 3,271 1,929 3,847 7,895 20,092 Unamortized discounts on securities held outright (5) -2,123 -56 -1,178 -62 -54 -132 -141 -115 -34 -20 -40 -82 -210 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 364 2 270 0 0 0 5 19 8 23 35 3 0 Net portfolio holdings of Maiden Lane LLC (7) 1,419 0 1,419 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) 281 0 281 0 0 0 0 0 0 0 0 0 0 Items in process of collection 115 0 0 0 0 0 115 0 0 0 0 0 0 Bank premises 2,299 120 429 72 113 230 213 201 129 101 250 235 206 Central bank liquidity swaps (11) 1,772 87 566 137 138 372 101 51 15 7 18 28 251 Foreign currency denominated assets (12) 24,292 1,194 7,768 1,879 1,895 5,101 1,384 693 202 102 246 385 3,445 Other assets (13) 22,142 612 11,862 653 580 1,561 1,487 1,189 389 270 439 930 2,168 Interdistrict settlement account 0 - 25,629 + 286,263 - 24,105 - 19,409 - 29,493 - 35,608 - 48,297 - 12,688 - 13,166 - 22,221 - 38,033 - 17,614 Total assets 3,470,530 65,903 2,199,958 77,864 71,020 190,774 195,785 139,063 43,243 19,928 43,703 96,761 326,526 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, June 19, 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 1,450,230 46,669 552,916 45,951 60,273 109,164 179,371 94,611 36,680 23,378 38,634 103,871 158,711 Less: Notes held by F.R. Banks 303,353 12,906 93,007 7,713 9,394 12,734 33,711 18,717 4,271 10,566 12,904 53,576 33,854 Federal Reserve notes, net 1,146,877 33,763 459,909 38,237 50,879 96,430 145,660 75,894 32,409 12,813 25,731 50,295 124,857 Reverse repurchase agreements (14) 88,367 2,311 49,003 2,560 2,257 5,495 5,870 4,775 1,422 839 1,672 3,431 8,732 Deposits 2,170,291 26,998 1,668,091 32,563 13,251 76,600 39,852 56,497 8,776 5,749 15,583 41,831 184,501 Term deposits held by depository institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250 Other deposits held by depository institutions 1,928,398 26,899 1,430,018 31,676 13,248 76,458 39,136 56,204 8,776 5,654 15,371 41,724 183,235 U.S. Treasury, General Account 117,287 0 117,287 0 0 0 0 0 0 0 0 0 0 Foreign official 10,090 2 10,063 3 3 8 2 1 0 0 0 1 6 Other 104,020 2 103,831 34 0 93 9 37 0 0 1 2 10 Deferred availability cash items 881 0 0 0 0 0 732 0 0 149 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,499 39 842 37 42 98 100 76 22 13 24 53 153 Other liabilities and accrued dividends (16) 7,640 196 4,566 241 246 621 387 310 149 132 130 229 432 Total liabilities 3,415,554 63,306 2,182,411 73,639 66,674 179,244 192,601 137,551 42,779 19,694 43,140 95,840 318,675 Capital Capital paid in 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,925 Surplus 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,925 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,470,530 65,903 2,199,958 77,864 71,020 190,774 195,785 139,063 43,243 19,928 43,703 96,761 326,526 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, June 19, 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 Jun 19, 2013 Federal Reserve notes outstanding 1,450,230 Less: Notes held by F.R. Banks not subject to collateralization 303,353 Federal Reserve notes to be collateralized 1,146,877 Collateral held against Federal Reserve notes 1,146,877 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,130,640 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,198,344 Less: Face value of securities under reverse repurchase agreements 78,091 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,120,253 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.