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Release Date: Thursday, April 25, 2013
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FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

April 25, 2013

The weekly average values, shown in table 1, reflect the March 31, 2013, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of December 31, 2012, and the amounts for the last day of the reporting week are based on the values as of March 31, 2013.

FEDERAL RESERVE statistical release

H.4.1

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

April 25, 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
Apr 24, 2013

Week ended
Apr 24, 2013

Change from week ended

Apr 17, 2013

Apr 25, 2012

Reserve Bank credit

3,270,862

+   29,911

+  438,550

3,276,085

Securities held outright1

3,040,050

+   27,511

+  417,360

3,044,287

U.S. Treasury securities

1,831,367

+   11,710

+  164,323

1,836,227

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,739,263

+   11,535

+  167,031

1,744,060

Notes and bonds, inflation-indexed2

    80,277

         0

+   13,041

    80,277

Inflation compensation3

    11,826

+      175

+    2,672

    11,891

Federal agency debt securities2

    72,053

         0

-   22,608

    72,053

Mortgage-backed securities4

1,136,630

+   15,801

+  275,645

1,136,007

Unamortized premiums on securities held outright5

   195,627

+    1,298

+   69,221

   196,094

Unamortized discounts on securities held outright5

    -1,664

+        5

+      679

    -1,662

Repurchase agreements6

         0

         0

         0

         0

Loans

       409

+       16

-    6,217

       418

Primary credit

        17

+       15

+        9

        20

Secondary credit

         0

         0

         0

         0

Seasonal credit

        13

+        4

+        2

        20

Term Asset-Backed Securities Loan Facility7

       378

-        4

-    6,230

       377

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,409

+        5

-    2,649

     1,424

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   17,633

        22

Net portfolio holdings of TALF LLC11

       393

+        1

-      442

       393

Float

      -630

+      116

-       24

      -719

Central bank liquidity swaps12

     7,552

         0

-   24,419

     7,552

Other Federal Reserve assets13

    27,630

+      958

+    2,629

    28,211

Foreign currency denominated assets14

    23,502

-      109

-    2,071

    23,427

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,001

+       14

+      581

    45,001

Total factors supplying reserve funds

3,355,606

+   29,815

+  437,060

3,360,754

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
Apr 24, 2013

Week ended
Apr 24, 2013

Change from week ended

Apr 17, 2013

Apr 25, 2012

Currency in circulation15

1,178,816

+      384

+   79,524

1,180,377

Reverse repurchase agreements16

    94,234

-    2,907

+    4,869

    90,455

Foreign official and international accounts

    94,234

-    1,336

+    4,869

    90,455

Others

         0

-    1,571

         0

         0

Treasury cash holdings

       183

-       15

+       42

       186

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

   197,875

+   74,059

+   79,916

   275,513

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   128,700

+   46,128

+   50,202

   167,621

Foreign official

     9,870

-       13

+    9,740

     9,869

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

    59,305

+   27,944

+   21,901

    98,023

Other liabilities and capital17

    66,376

-    3,895

-    6,278

    64,736

Total factors, other than reserve balances,
absorbing reserve funds

1,537,485

+   67,627

+  158,074

1,611,267

Reserve balances with Federal Reserve Banks

1,818,122

-   37,811

+  278,987

1,749,487

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
Apr 24, 2013

Week ended
Apr 24, 2013

Change from week ended

Apr 17, 2013

Apr 25, 2012

Securities held in custody for foreign official and international accounts

3,297,680

+    1,416

+  202,142

3,303,967

Marketable U.S. Treasury securities1

2,944,620

-   14,139

+  256,706

2,951,413

Federal agency debt and mortgage-backed securities2

   314,830

+   15,371

-   55,604

   314,153

Other securities3

    38,230

+      184

+    1,040

    38,401

Securities lent to dealers

    18,824

+      495

+    5,267

    22,024

Overnight facility4

    18,824

+      495

+    5,267

    22,024

U.S. Treasury securities

    17,992

+      589

+    5,195

    21,071

Federal agency debt securities

       832

-       94

+       73

       953

Note: Components may not sum to totals because of rounding.

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the underlying mortgages.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 24, 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

        37

         3

         0

       377

         0

...

       418

U.S. Treasury securities2

Holdings

         1

         6

       307

   467,666

   897,077

   471,170

1,836,227

Weekly changes

         0

         0

         0

+       21

+    7,140

+    4,024

+   11,185

Federal agency debt securities3

Holdings

         0

     5,532

    21,556

    40,574

     2,044

     2,347

    72,053

Weekly changes

         0

         0

+    1,629

-    1,629

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,742

1,133,263

1,136,007

Weekly changes

         0

         0

         0

         0

+        2

+    9,886

+    9,888

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       303

     7,249

         0

         0

         0

         0

     7,552

Reverse repurchase agreements6

    90,455

         0

...

...

...

...

    90,455

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

Apr 24, 2013

Mortgage-backed securities held outright1

1,136,007

Commitments to buy mortgage-backed securities2

    77,784

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        99

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

2.

Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Apr 24, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,424

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

Apr 24, 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

Apr 24, 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

Apr 24, 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
Apr 24, 2013

Change since

Wednesday

Wednesday

Apr 17, 2013

Apr 25, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,047

-       22

-      186

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

3,239,138

+   22,511

+  498,089

Securities held outright1

3,044,287

+   21,074

+  434,153

U.S. Treasury securities

1,836,227

+   11,185

+  168,461

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,744,060

+   11,011

+  171,135

Notes and bonds, inflation-indexed2

    80,277

         0

+   13,041

Inflation compensation3

    11,891

+      175

+    2,708

Federal agency debt securities2

    72,053

         0

-   22,518

Mortgage-backed securities4

1,136,007

+    9,888

+  288,211

Unamortized premiums on securities held outright5

   196,094

+    1,420

+   69,427

Unamortized discounts on securities held outright5

    -1,662

+        2

+      665

Repurchase agreements6

         0

         0

         0

Loans

       418

+       14

-    6,157

Net portfolio holdings of Maiden Lane LLC7

     1,424

+       18

-    2,746

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   19,783

Net portfolio holdings of TALF LLC10

       393

+        1

-      443

Items in process of collection

(0)

       134

+       10

-       80

Bank premises

     2,301

+        1

-       52

Central bank liquidity swaps11

     7,552

         0

-   24,419

Foreign currency denominated assets12

    23,427

-      214

-    2,186

Other assets13

    25,910

+    1,235

+    3,849

Total assets

(0)

3,318,649

+   23,540

+  452,088

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
Apr 24, 2013

Change since

Wednesday

Wednesday

Apr 17, 2013

Apr 25, 2012

Liabilities

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

1,137,605

+    1,260

+   79,297

Reverse repurchase agreements14

    90,455

-    7,122

-    1,992

Deposits

(0)

2,025,001

+   31,526

+  383,972

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,749,487

-   99,742

+  223,168

U.S. Treasury, General Account

   167,621

+   46,417

+   65,029

Foreign official

     9,869

-        1

+    9,741

Other

(0)

    98,023

+   84,851

+   86,033

Deferred availability cash items

(0)

       853

-       70

-      165

Other liabilities and accrued dividends15

     9,608

-    2,040

-    9,689

Total liabilities

(0)

3,263,521

+   23,553

+  451,422

Capital accounts

Capital paid in

    27,564

-        7

+      333

Surplus

    27,564

-        7

+      333

Other capital accounts

         0

         0

         0

Total capital

    55,128

-       13

+      665

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, April 24, 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

     2,047

        39

       102

       134

       148

       364

       185

       304

        23

        53

       162

       188

       345

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

3,239,138

    84,695

1,796,381

    93,840

    82,714

   201,394

   215,150

   175,016

    52,112

    30,735

    61,284

   125,767

   320,050

Securities held outright1

3,044,287

    79,605

1,688,182

    88,206

    77,748

   189,296

   202,228

   164,503

    48,983

    28,888

    57,595

   118,217

   300,836

U.S. Treasury securities

1,836,227

    48,016

1,018,263

    53,203

    46,895

   114,178

   121,978

    99,223

    29,545

    17,424

    34,739

    71,305

   181,456

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,836,227

    48,016

1,018,263

    53,203

    46,895

   114,178

   121,978

    99,223

    29,545

    17,424

    34,739

    71,305

   181,456

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

1,136,007

    29,705

   629,962

    32,915

    29,012

    70,638

    75,463

    61,386

    18,279

    10,780

    21,492

    44,114

   112,260

Unamortized premiums on securities held outright5

   196,094

     5,128

   108,742

     5,682

     5,008

    12,193

    13,026

    10,596

     3,155

     1,861

     3,710

     7,615

    19,378

Unamortized discounts on securities held outright5

    -1,662

       -43

      -921

       -48

       -42

      -103

      -110

       -90

       -27

       -16

       -31

       -65

      -164

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       418

         6

       378

         0

         1

         8

         6

         7

         0

         2

        11

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,424

         0

     1,424

         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

       134

         0

         0

         0

         0

         0

       133

         0

         0

         0

         0

         0

         0

Bank premises

     2,301

       118

       429

        71

       114

       229

       213

       202

       129

       102

       251

       236

       207

Central bank liquidity swaps11

     7,552

       371

     2,414

       584

       589

     1,586

       430

       215

        63

        32

        76

       120

     1,071

Foreign currency denominated assets12

    23,427

     1,151

     7,491

     1,812

     1,827

     4,919

     1,334

       668

       195

        98

       237

       372

     3,322

Other assets13

    25,910

       725

    13,898

       765

       676

     1,798

     1,741

     1,388

       458

       303

       510

     1,115

     2,532

Interdistrict settlement account

         0

-   23,467

+  196,092

-   15,589

-    9,425

-   35,774

-   24,332

-   24,134

-    7,155

-    7,292

-   15,450

-   28,084

-    5,389

Total assets

3,318,649

    64,220

2,024,453

    82,224

    77,392

   175,785

   196,930

   154,874

    46,285

    24,311

    47,533

   100,724

   323,920

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 24, 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

1,412,088

    46,759

   534,216

    46,467

    60,918

   104,141

   173,772

    95,075

    36,691

    23,498

    37,578

    98,386

   154,587

Less: Notes held by F.R. Banks

   274,483

    12,260

    91,514

     4,703

     8,771

    11,030

    32,344

    14,966

     3,648

     8,081

    10,858

    48,602

    27,706

Federal Reserve notes, net

1,137,605

    34,499

   442,702

    41,764

    52,148

    93,111

   141,428

    80,109

    33,042

    15,417

    26,720

    49,784

   126,881

Reverse repurchase agreements14

    90,455

     2,365

    50,161

     2,621

     2,310

     5,625

     6,009

     4,888

     1,455

       858

     1,711

     3,513

     8,939

Deposits

2,025,001

    24,496

1,508,713

    33,248

    18,309

    64,658

    45,108

    67,884

    11,127

     7,447

    18,352

    46,162

   179,497

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

1,749,487

    24,493

1,233,485

    33,208

    18,305

    64,476

    45,098

    67,857

    11,126

     7,447

    18,350

    46,159

   179,482

U.S. Treasury, General Account

   167,621

         0

   167,621

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,869

         2

     9,842

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    98,023

         1

    97,765

        37

         0

       174

         8

        26

         0

         0

         1

         3

         9

Deferred availability cash items

       853

         0

         0

         0

         0

         0

       660

         0

         0

       193

         0

         0

         0

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

     1,655

        47

       984

        35

        36

        66

       109

        93

        27

        16

        31

        67

       145

Other liabilities and accrued
dividends16

     7,953

       226

     4,372

       266

       264

       662

       473

       388

       171

       146

       156

       280

       550

Total liabilities

3,263,521

    61,634

2,006,931

    77,934

    73,066

   164,122

   193,787

   153,362

    45,822

    24,077

    46,970

    99,806

   316,011

Capital

Capital paid in

    27,564

     1,293

     8,761

     2,145

     2,163

     5,832

     1,571

       756

       232

       117

       281

       459

     3,954

Surplus

    27,564

     1,293

     8,761

     2,145

     2,163

     5,832

     1,571

       756

       232

       117

       281

       459

     3,954

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,318,649

    64,220

2,024,453

    82,224

    77,392

   175,785

   196,930

   154,874

    46,285

    24,311

    47,533

   100,724

   323,920

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 24, 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

Apr 24, 2013

Federal Reserve notes outstanding

1,412,088

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

   274,483

Federal Reserve notes to be collateralized

1,137,605

Collateral held against Federal Reserve notes

1,137,605

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,121,368

Other assets pledged

         0

Memo:

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

3,044,287

Less: Face value of securities under reverse repurchase agreements

    77,394

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

2,966,894

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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