FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 17, 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 Oct 16, 2013 Federal Reserve Banks Oct 16, 2013 Oct 9, 2013 Oct 17, 2012 Reserve Bank credit 3,762,043 + 51,143 + 969,570 3,769,941 Securities held outright (1) 3,534,305 + 48,492 + 939,086 3,542,947 U.S. Treasury securities 2,089,236 + 6,221 + 439,111 2,095,034 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 1,987,349 + 4,905 + 420,373 1,992,923 Notes and bonds, inflation-indexed (2) 88,392 + 1,183 + 15,537 88,589 Inflation compensation (3) 13,496 + 134 + 3,202 13,522 Federal agency debt securities (2) 60,513 - 139 - 22,233 60,165 Mortgage-backed securities (4) 1,384,556 + 42,409 + 522,207 1,387,748 Unamortized premiums on securities held outright (5) 204,995 + 942 + 47,070 205,223 Unamortized discounts on securities held outright (5) -7,807 - 337 - 6,146 -7,888 Repurchase agreements (6) 0 0 0 0 Loans 237 0 - 1,259 252 Primary credit 10 + 3 - 2 26 Secondary credit 0 0 0 0 Seasonal credit 127 - 3 + 66 126 Term Asset-Backed Securities Loan Facility (7) 101 0 - 1,322 101 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,493 0 - 214 1,493 Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64 Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1 22 Net portfolio holdings of TALF LLC (11) 111 0 - 742 111 Float -797 - 69 - 75 -1,279 Central bank liquidity swaps (12) 272 + 40 - 12,605 272 Other Federal Reserve assets (13) 29,148 + 2,076 + 4,452 28,723 Foreign currency denominated assets (14) 24,144 - 175 - 1,696 24,051 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 45,357 + 14 + 693 45,357 Total factors supplying reserve funds 3,847,785 + 50,982 + 968,567 3,855,590 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 Oct 16, 2013 Federal Reserve Banks Oct 16, 2013 Oct 9, 2013 Oct 17, 2012 Currency in circulation (15) 1,216,174 + 5,545 + 80,599 1,216,321 Reverse repurchase agreements (16) 102,518 + 4,267 + 5,302 105,655 Foreign official and international accounts 100,697 + 3,632 + 3,481 102,685 Others 1,821 + 635 + 1,821 2,970 Treasury cash holdings 179 + 1 + 47 183 Deposits with F.R. Banks, other than reserve balances 91,353 + 28,990 - 3,485 85,764 Term deposits held by depository institutions 0 - 11,662 0 0 U.S. Treasury, General Account 35,301 + 6,573 - 23,172 31,866 Foreign official 8,803 - 86 + 3,232 8,802 Other 47,249 + 34,165 + 16,455 45,096 Other liabilities and capital (17) 66,618 + 626 - 1,744 64,240 Total factors, other than reserve balances, absorbing reserve funds 1,476,841 + 39,428 + 80,718 1,472,163 Reserve balances with Federal Reserve Banks 2,370,944 + 11,554 + 887,849 2,383,427 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. The current face value shown is the remaining principal balance of the securities. 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 Oct 16, 2013 Oct 16, 2013 Oct 9, 2013 Oct 17, 2012 Securities held in custody for foreign official and international accounts 3,308,207 + 14,595 + 120,039 3,323,265 Marketable U.S. Treasury securities (1) 2,952,057 + 15,159 + 131,722 2,967,138 Federal agency debt and mortgage-backed securities (2) 316,407 - 1,511 - 13,384 316,333 Other securities (3) 39,743 + 947 + 1,702 39,794 Securities lent to dealers 15,371 + 2,461 + 8,908 18,319 Overnight facility (4) 15,371 + 2,461 + 8,908 18,319 U.S. Treasury securities 14,205 + 2,343 + 8,259 17,357 Federal agency debt securities 1,166 + 119 + 649 962 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 securities. 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, October 16, 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) 87 65 49 52 0 ... 252 U.S. Treasury securities (2) Holdings 1 3 385 662,721 889,601 542,323 2,095,034 Weekly changes + 1 - 1 0 + 3,223 + 1,993 + 3,077 + 8,293 Federal agency debt securities (3) Holdings 1,085 3,423 15,957 37,291 62 2,347 60,165 Weekly changes - 487 0 + 306 - 306 0 0 - 487 Mortgage-backed securities (4) Holdings 0 0 1 3 2,618 1,385,127 1,387,748 Weekly changes 0 0 + 1 + 1 + 66 + 45,522 + 45,589 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) 0 272 0 0 0 0 272 Reverse repurchase agreements (6) 105,655 0 ... ... ... ... 105,655 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. The current face value shown is the remaining principal balance of the securities. 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 Oct 16, 2013 Mortgage-backed securities held outright (1) 1,387,748 Commitments to buy mortgage-backed securities (2) 61,265 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 189 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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 Oct 16, 2013 Net portfolio holdings of Maiden Lane LLC (1) 1,493 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 June 30, 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 Oct 16, 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 June 30, 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 Oct 16, 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 June 30, 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 Oct 16, 2013 Asset-backed securities holdings (1) 0 Other investments, net 111 Net portfolio holdings of TALF LLC 111 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) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. 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. 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. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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 Oct 16, 2013 Wednesday Wednesday consolidation Oct 9, 2013 Oct 17, 2012 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,985 - 15 - 187 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,740,535 + 54,335 + 978,033 Securities held outright (1) 3,542,947 + 53,395 + 938,813 U.S. Treasury securities 2,095,034 + 8,293 + 435,950 Bills (2) 0 0 0 Notes and bonds, nominal (2) 1,992,923 + 6,762 + 417,227 Notes and bonds, inflation-indexed (2) 88,589 + 1,380 + 15,555 Inflation compensation (3) 13,522 + 150 + 3,168 Federal agency debt securities (2) 60,165 - 487 - 22,581 Mortgage-backed securities (4) 1,387,748 + 45,589 + 525,444 Unamortized premiums on securities held outright (5) 205,223 + 1,184 + 46,668 Unamortized discounts on securities held outright (5) -7,888 - 252 - 6,226 Repurchase agreements (6) 0 0 0 Loans 252 + 6 - 1,223 Net portfolio holdings of Maiden Lane LLC (7) 1,493 0 - 61 Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3 Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1 Net portfolio holdings of TALF LLC (10) 111 0 - 742 Items in process of collection (0) 101 - 50 - 38 Bank premises 2,285 + 1 - 62 Central bank liquidity swaps (11) 272 + 86 - 12,605 Foreign currency denominated assets (12) 24,051 - 186 - 1,922 Other assets (13) 26,443 + 765 + 4,261 Total assets (0) 3,813,599 + 54,936 + 966,679 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 Oct 16, 2013 Wednesday Wednesday consolidation Oct 9, 2013 Oct 17, 2012 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,173,127 + 2,215 + 79,286 Reverse repurchase agreements (14) 105,655 + 6,570 + 4,348 Deposits (0) 2,469,196 + 46,509 + 883,647 Term deposits held by depository institutions 0 - 11,662 0 Other deposits held by depository institutions 2,383,431 + 20,532 + 877,182 U.S. Treasury, General Account 31,866 + 8,473 - 36,734 Foreign official 8,802 - 75 + 3,241 Other (0) 45,096 + 29,239 + 39,957 Deferred availability cash items (0) 1,380 + 511 + 539 Other liabilities and accrued dividends (15) 9,347 - 887 - 1,296 Total liabilities (0) 3,758,705 + 54,918 + 966,524 Capital accounts Capital paid in 27,447 + 9 + 78 Surplus 27,447 + 9 + 78 Other capital accounts 0 0 0 Total capital 54,893 + 17 + 155 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. The current face value shown is the remaining principal balance of the securities. 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, October 16, 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 89 129 134 339 204 285 28 48 159 184 351 Securities, unamortized premiums and discounts, repurchase agreements, and loans 3,740,535 97,825 2,074,241 108,372 95,523 232,574 248,473 202,132 60,203 35,540 70,783 145,255 369,615 Securities held outright (1) 3,542,947 92,645 1,964,709 102,654 90,483 220,303 235,353 191,448 57,007 33,620 67,029 137,581 350,114 U.S. Treasury securities 2,095,034 54,783 1,161,782 60,702 53,505 130,271 139,170 113,208 33,710 19,880 39,636 81,355 207,031 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,095,034 54,783 1,161,782 60,702 53,505 130,271 139,170 113,208 33,710 19,880 39,636 81,355 207,031 Federal agency debt securities (2) 60,165 1,573 33,364 1,743 1,537 3,741 3,997 3,251 968 571 1,138 2,336 5,946 Mortgage-backed securities (4) 1,387,748 36,288 769,563 40,209 35,442 86,291 92,186 74,989 22,329 13,169 26,255 53,890 137,137 Unamortized premiums on securities held outright (5) 205,223 5,366 113,805 5,946 5,241 12,761 13,633 11,090 3,302 1,947 3,883 7,969 20,280 Unamortized discounts on securities held outright (5) -7,888 -206 -4,374 -229 -201 -490 -524 -426 -127 -75 -149 -306 -779 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 252 20 101 0 0 0 11 20 20 48 21 11 0 Net portfolio holdings of Maiden Lane LLC (7) 1,493 0 1,493 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) 111 0 111 0 0 0 0 0 0 0 0 0 0 Items in process of collection 101 0 0 0 0 0 101 0 0 0 0 0 0 Bank premises 2,285 118 428 73 112 229 211 202 127 100 248 233 205 Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39 Foreign currency denominated assets (12) 24,051 1,182 7,691 1,860 1,876 5,050 1,370 686 200 101 243 382 3,411 Other assets (13) 26,443 729 14,236 776 686 1,828 1,763 1,427 484 311 524 1,091 2,588 Interdistrict settlement account 0 - 10,870 + 212,468 - 29,612 - 11,309 - 18,836 - 46,701 - 52,571 - 16,789 - 15,400 - 25,405 - 35,421 + 50,446 Total assets 3,813,599 89,620 2,316,672 82,226 87,792 222,509 207,511 153,384 44,715 20,981 47,017 112,737 428,434 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, October 16, 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 1,471,157 46,329 542,545 44,311 61,397 111,494 180,288 94,959 37,041 23,219 38,702 120,811 170,062 Less: Notes held by F.R. Banks 298,030 11,911 77,101 8,653 9,208 13,012 30,544 22,861 4,573 10,553 12,783 58,826 38,005 Federal Reserve notes, net 1,173,127 34,418 465,444 35,658 52,189 98,482 149,744 72,098 32,468 12,666 25,919 61,985 132,057 Reverse repurchase agreements (14) 105,655 2,763 58,590 3,061 2,698 6,570 7,019 5,709 1,700 1,003 1,999 4,103 10,441 Deposits 2,469,196 49,556 1,770,543 38,996 28,228 105,249 45,671 73,515 9,863 6,755 18,322 45,336 277,161 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 2,383,431 49,553 1,685,134 38,936 28,225 105,011 45,659 73,492 9,863 6,755 18,320 45,334 277,148 U.S. Treasury, General Account 31,866 0 31,866 0 0 0 0 0 0 0 0 0 0 Foreign official 8,802 2 8,775 3 3 8 2 1 0 0 0 1 6 Other 45,096 1 44,768 57 0 229 10 21 0 0 1 1 7 Deferred availability cash items 1,380 0 19 0 0 0 1,210 0 0 151 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,313 21 828 20 11 25 96 82 24 11 28 61 103 Other liabilities and accrued dividends (16) 8,034 264 3,774 312 306 752 571 468 196 162 186 339 704 Total liabilities 3,758,705 87,022 2,299,199 78,048 83,433 211,077 204,310 151,873 44,251 20,748 46,454 111,824 420,466 Capital Capital paid in 27,447 1,299 8,737 2,089 2,179 5,716 1,600 756 232 116 281 457 3,984 Surplus 27,447 1,299 8,737 2,089 2,179 5,716 1,600 756 232 116 281 457 3,984 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 3,813,599 89,620 2,316,672 82,226 87,792 222,509 207,511 153,384 44,715 20,981 47,017 112,737 428,434 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, October 16, 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. The current face value shown is the remaining principal balance of the securities. 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 Oct 16, 2013 Federal Reserve notes outstanding 1,471,157 Less: Notes held by F.R. Banks not subject to collateralization 298,030 Federal Reserve notes to be collateralized 1,173,127 Collateral held against Federal Reserve notes 1,173,127 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,156,891 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,542,947 Less: Face value of securities under reverse repurchase agreements 97,972 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,444,975 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.