FRB: H.4.1 Release--Factors Affecting Reserve Balances--May 30, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks May 30, 2013

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended May 29, 2013
Federal Reserve Banks May 29, 2013 May 22, 2013 May 30, 2012

Reserve Bank credit 3,352,693 + 16,034 + 545,682 3,342,060
Securities held outright (1) 3,128,758 + 19,241 + 518,071 3,119,382
U.S. Treasury securities 1,881,778 + 11,849 + 218,001 1,883,559
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,787,525 + 11,790 + 219,439 1,789,288
Notes and bonds, inflation-indexed (2) 81,646 0 + 13,992 81,646
Inflation compensation (3) 12,607 + 59 + 2,992 12,624
Federal agency debt securities (2) 71,887 - 166 - 21,365 70,890
Mortgage-backed securities (4) 1,175,093 + 7,558 + 321,436 1,164,934
Unamortized premiums on securities held outright (5) 201,010 + 778 + 68,831 200,824
Unamortized discounts on securities held outright (5) -1,722 - 46 + 572 -1,724
Repurchase agreements (6) 0 0 0 0
Loans 382 - 56 - 5,280 418
Primary credit 10 - 13 - 9 47
Secondary credit 0 0 0 0
Seasonal credit 51 + 5 + 20 49
Term Asset-Backed Securities Loan Facility (7) 321 - 48 - 5,291 321
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,428 - 1 - 2,444 1,424
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 15,145 22
Net portfolio holdings of TALF LLC (11) 388 0 - 453 388
Float -663 + 56 - 10 -1,112
Central bank liquidity swaps (12) 1,771 - 5,506 - 20,397 1,771
Other Federal Reserve assets (13) 21,254 + 1,567 + 1,892 20,603
Foreign currency denominated assets (14) 23,183 + 212 - 1,958 23,238
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,080 + 14 + 606 45,080

Total factors supplying reserve funds 3,437,196 + 16,260 + 544,330 3,426,619

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended May 29, 2013
Federal Reserve Banks May 29, 2013 May 22, 2013 May 30, 2012

Currency in circulation (15) 1,190,732 + 4,929 + 82,209 1,192,301
Reverse repurchase agreements (16) 86,575 - 3,595 - 3,745 88,177
Foreign official and international accounts 86,575 - 3,595 - 3,745 88,177
Others 0 0 0 0
Treasury cash holdings 152 - 8 + 10 152
Deposits with F.R. Banks, other than reserve balances 116,132 - 1,920 + 18,392 60,744
Term deposits held by depository institutions 10,496 + 10,496 + 7,443 10,496
U.S. Treasury, General Account 13,502 - 19,731 - 54,302 14,298
Foreign official 11,031 + 82 + 10,901 11,024
Service-related 0 0 - 1,903 0
Required clearing balances 0 0 - 1,903 0
Adjustments to compensate for float 0 0 0 0
Other 81,102 + 7,232 + 56,251 24,925
Other liabilities and capital (17) 64,405 - 656 - 8,826 62,656

Total factors, other than reserve balances,
absorbing reserve funds 1,457,996 - 1,250 + 88,040 1,404,030

Reserve balances with Federal Reserve Banks 1,979,200 + 17,510 + 456,290 2,022,589

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended May 29, 2013
May 29, 2013 May 22, 2013 May 30, 2012

Securities held in custody for foreign official and
international accounts 3,314,859 + 3,153 + 200,827 3,317,119
Marketable U.S. Treasury securities (1) 2,972,117 + 8,765 + 265,056 2,976,377
Federal agency debt and mortgage-backed securities (2) 304,519 - 5,389 - 65,005 302,659
Other securities (3) 38,223 - 223 + 775 38,083
Securities lent to dealers 21,242 + 829 + 3,988 22,411
Overnight facility (4) 21,242 + 829 + 3,988 22,411
U.S. Treasury securities 20,111 + 692 + 3,390 21,302
Federal agency debt securities 1,131 + 136 + 598 1,109

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the underlying mortgages.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 29, 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) 92 4 0 321 0 ... 418
U.S. Treasury securities (2)
Holdings 1 4 308 520,574 875,579 487,094 1,883,559
Weekly changes 0 0 0 + 7 + 3,661 + 2,737 + 6,405
Federal agency debt securities (3)
Holdings 0 5,177 21,631 39,691 2,044 2,347 70,890
Weekly changes - 1,163 0 0 0 0 0 - 1,163
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,692 1,162,240 1,164,934
Weekly changes 0 0 0 0 - 56 - 13,796 - 13,851
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 1,771 0 0 0 0 1,771

Reverse repurchase agreements (6) 88,177 0 ... ... ... ... 88,177
Term deposits 0 10,496 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
May 29, 2013

Mortgage-backed securities held outright (1) 1,164,934

Commitments to buy mortgage-backed securities (2) 80,845
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 141

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
May 29, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,424

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 29, 2013

Net portfolio holdings of Maiden Lane II LLC (1) 64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 29, 2013

Net portfolio holdings of Maiden Lane III LLC (1) 22

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

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
May 29, 2013

Asset-backed securities holdings (1) 0
Other investments, net 388
Net portfolio holdings of TALF LLC 388

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest
received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be
made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the
U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be
shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from May 29, 2013 Wednesday Wednesday
consolidation May 22, 2013 May 30, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,966 - 35 - 176
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,318,900 - 8,887 + 581,992
Securities held outright (1) 3,119,382 - 8,610 + 517,706
U.S. Treasury securities 1,883,559 + 6,405 + 226,884
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,789,288 + 6,349 + 228,345
Notes and bonds, inflation-indexed (2) 81,646 0 + 13,992
Inflation compensation (3) 12,624 + 55 + 2,969
Federal agency debt securities (2) 70,890 - 1,163 - 22,362
Mortgage-backed securities (4) 1,164,934 - 13,851 + 313,184
Unamortized premiums on securities held outright
(5) 200,824 - 276 + 68,816
Unamortized discounts on securities held outright
(5) -1,724 - 30 + 562
Repurchase agreements (6) 0 0 0
Loans 418 + 29 - 5,091
Net portfolio holdings of Maiden Lane LLC (7) 1,424 - 5 - 2,454
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 15,235
Net portfolio holdings of TALF LLC (10) 388 0 - 453
Items in process of collection (0) 515 + 80 + 273
Bank premises 2,304 + 2 - 65
Central bank liquidity swaps (11) 1,771 - 5,506 - 20,397
Foreign currency denominated assets (12) 23,238 + 321 - 1,887
Other assets (13) 18,299 + 445 + 831

Total assets (0) 3,385,128 - 13,585 + 542,474

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

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from May 29, 2013 Wednesday Wednesday
consolidation May 22, 2013 May 30, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,149,335 + 4,079 + 81,185
Reverse repurchase agreements (14) 88,177 + 1,484 - 5,349
Deposits (0) 2,083,333 - 17,903 + 476,016
Term deposits held by depository institutions 10,496 + 10,496 + 7,443
Other deposits held by depository institutions 2,022,589 + 47,411 + 496,501
U.S. Treasury, General Account 14,298 - 10,908 - 53,297
Foreign official 11,024 + 65 + 10,889
Other (0) 24,925 - 64,968 + 14,479
Deferred availability cash items (0) 1,627 + 460 + 293
Other liabilities and accrued dividends (15) 7,451 - 1,706 - 10,218

Total liabilities (0) 3,329,923 - 13,587 + 541,926

Capital accounts
Capital paid in 27,602 0 + 273
Surplus 27,602 0 + 273
Other capital accounts 0 0 0

Total capital 55,205 + 2 + 548

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, May 29, 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 1,966 36 92 123 133 347 182 291 25 49 158 191 339
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,318,900 86,777 1,840,556 96,151 84,751 206,346 220,446 179,376 53,404 31,503 62,791 128,867 327,932
Securities held outright (1) 3,119,382 81,569 1,729,825 90,382 79,666 193,966 207,216 168,560 50,192 29,600 59,015 121,133 308,257
U.S. Treasury securities 1,883,559 49,253 1,044,510 54,575 48,104 117,121 125,122 101,781 30,307 17,873 35,635 73,143 186,133
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,883,559 49,253 1,044,510 54,575 48,104 117,121 125,122 101,781 30,307 17,873 35,635 73,143 186,133
Federal agency debt securities (2) 70,890 1,854 39,311 2,054 1,810 4,408 4,709 3,831 1,141 673 1,341 2,753 7,005
Mortgage-backed securities (4) 1,164,934 30,462 646,004 33,753 29,751 72,437 77,385 62,949 18,744 11,054 22,039 45,237 115,119
Unamortized premiums on securities held
outright (5) 200,824 5,251 111,365 5,819 5,129 12,487 13,340 10,852 3,231 1,906 3,799 7,798 19,845
Unamortized discounts on securities
held outright (5) -1,724 -45 -956 -50 -44 -107 -115 -93 -28 -16 -33 -67 -170
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 418 2 321 0 0 0 4 56 9 13 9 2 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,424 0 1,424 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) 388 0 388 0 0 0 0 0 0 0 0 0 0
Items in process of collection 515 0 0 0 0 0 514 0 0 0 0 0 0
Bank premises 2,304 120 432 72 114 229 213 202 129 102 250 236 207
Central bank liquidity swaps (11) 1,771 87 566 137 138 372 101 50 15 7 18 28 251
Foreign currency denominated assets (12) 23,238 1,142 7,431 1,797 1,812 4,879 1,324 663 194 97 235 369 3,296
Other assets (13) 18,299 507 9,645 671 477 1,300 1,227 975 316 229 362 816 1,774
Interdistrict settlement account 0 - 14,291 + 194,909 - 18,132 - 13,772 - 8,165 - 31,731 - 33,084 - 9,733 - 10,425 - 18,788 - 31,094 - 5,693

Total assets 3,385,128 74,964 2,061,272 81,426 74,401 206,577 194,350 149,689 44,809 21,842 45,489 100,423 329,886

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

9. Statement of Condition of Each Federal Reserve Bank, May 29, 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 1,429,218 46,091 549,095 46,076 60,135 107,365 173,141 94,194 36,336 23,246 38,431 99,322 155,784
Less: Notes held by F.R. Banks 279,883 11,982 88,742 6,038 8,601 11,273 31,402 15,657 3,677 9,584 12,362 49,178 31,386
Federal Reserve notes, net 1,149,335 34,109 460,353 40,038 51,534 96,091 141,740 78,538 32,659 13,662 26,069 50,144 124,398
Reverse repurchase agreements (14) 88,177 2,306 48,898 2,555 2,252 5,483 5,858 4,765 1,419 837 1,668 3,424 8,714
Deposits 2,083,333 35,666 1,531,671 34,195 15,927 92,461 41,513 64,387 10,072 6,768 16,995 45,586 188,092
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 2,022,589 35,538 1,474,818 33,306 15,923 92,279 40,797 64,097 10,072 6,673 16,784 45,476 186,827
U.S. Treasury, General Account 14,298 0 14,298 0 0 0 0 0 0 0 0 0 0
Foreign official 11,024 2 10,997 3 3 8 2 1 0 0 0 1 6
Other 24,925 31 24,667 36 0 134 9 34 0 0 1 4 9
Deferred availability cash items 1,627 0 0 0 0 0 1,452 0 0 175 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,551 48 782 43 59 142 110 78 23 13 28 56 170
Other liabilities and accrued
dividends (16) 5,900 239 2,039 306 284 734 501 409 172 153 165 295 602

Total liabilities 3,329,923 72,368 2,043,743 77,136 70,055 194,912 191,174 148,176 44,346 21,608 44,925 99,505 321,975

Capital
Capital paid in 27,602 1,298 8,764 2,145 2,173 5,833 1,588 756 232 117 282 459 3,956
Surplus 27,602 1,298 8,764 2,145 2,173 5,833 1,588 756 232 117 282 459 3,956
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,385,128 74,964 2,061,272 81,426 74,401 206,577 194,350 149,689 44,809 21,842 45,489 100,423 329,886

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

9. Statement of Condition of Each Federal Reserve Bank, May 29, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 29, 2013

Federal Reserve notes outstanding 1,429,218
Less: Notes held by F.R. Banks not subject to collateralization 279,883
Federal Reserve notes to be collateralized 1,149,335
Collateral held against Federal Reserve notes 1,149,335
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,133,098
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,119,382
Less: Face value of securities under reverse repurchase agreements 78,204
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,041,178

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.

Statistical releases