FRB: H.4.1 Release--Factors Affecting Reserve Balances--July 18, 2013

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 18, 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 Jul 17, 2013
Federal Reserve Banks Jul 17, 2013 Jul 10, 2013 Jul 18, 2012

Reserve Bank credit 3,477,581 + 21,264 + 643,961 3,495,279
Securities held outright (1) 3,245,013 + 19,666 + 632,416 3,262,730
U.S. Treasury securities 1,958,687 + 10,659 + 304,292 1,961,671
Bills (2) 0 0 - 8,356 0
Notes and bonds, nominal (2) 1,861,660 + 9,275 + 294,739 1,864,405
Notes and bonds, inflation-indexed (2) 84,209 + 1,183 + 15,037 84,406
Inflation compensation (3) 12,819 + 202 + 2,873 12,860
Federal agency debt securities (2) 66,975 - 2,205 - 24,314 66,521
Mortgage-backed securities (4) 1,219,350 + 11,211 + 352,437 1,234,537
Unamortized premiums on securities held outright (5) 204,241 + 373 + 62,787 204,508
Unamortized discounts on securities held outright (5) -2,749 - 282 - 665 -2,913
Repurchase agreements (6) 0 0 0 0
Loans 365 + 5 - 4,259 365
Primary credit 13 - 1 - 52 17
Secondary credit 0 0 0 0
Seasonal credit 110 + 19 + 16 107
Term Asset-Backed Securities Loan Facility (7) 242 - 13 - 4,223 240
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,415 + 1 - 951 1,414
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 46 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 11,743 22
Net portfolio holdings of TALF LLC (11) 268 - 2 - 577 268
Float -779 + 125 - 130 -733
Central bank liquidity swaps (12) 1,479 - 28 - 29,073 1,479
Other Federal Reserve assets (13) 28,243 + 1,406 - 3,887 28,076
Foreign currency denominated assets (14) 23,518 + 348 - 1,407 23,524
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,183 + 14 + 643 45,183

Total factors supplying reserve funds 3,562,524 + 21,627 + 643,198 3,580,228

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 Jul 17, 2013
Federal Reserve Banks Jul 17, 2013 Jul 10, 2013 Jul 18, 2012

Currency in circulation (15) 1,196,414 - 4,658 + 83,346 1,195,673
Reverse repurchase agreements (16) 92,425 + 2,690 + 1,510 88,519
Foreign official and international accounts 92,425 + 2,690 + 1,510 88,519
Others 0 0 0 0
Treasury cash holdings 119 - 7 + 3 127
Deposits with F.R. Banks, other than reserve balances 117,815 + 761 + 19,018 92,172
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 70,158 - 18,532 + 7,137 67,165
Foreign official 9,944 - 14 + 7,376 9,944
Service-related 0 0 0 0
Required clearing balances 0 0 0 0
Adjustments to compensate for float 0 0 0 0
Other 37,714 + 19,308 + 4,507 15,064
Other liabilities and capital (17) 63,461 + 1,141 - 9,658 63,300

Total factors, other than reserve balances,
absorbing reserve funds 1,470,234 - 72 + 94,219 1,439,791

Reserve balances with Federal Reserve Banks 2,092,289 + 21,698 + 548,978 2,140,437

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 Jul 17, 2013
Jul 17, 2013 Jul 10, 2013 Jul 18, 2012

Securities held in custody for foreign official and
international accounts 3,278,283 - 6,386 + 160,210 3,273,222
Marketable U.S. Treasury securities (1) 2,942,013 - 3,681 + 198,528 2,939,560
Federal agency debt and mortgage-backed securities (2) 298,661 - 1,833 - 38,529 296,901
Other securities (3) 37,609 - 872 + 210 36,761
Securities lent to dealers 10,606 - 1,278 - 852 13,003
Overnight facility (4) 10,606 - 1,278 - 852 13,003
U.S. Treasury securities 9,831 - 1,134 - 889 12,285
Federal agency debt securities 775 - 144 + 37 718

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, July 17, 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) 113 11 0 240 0 ... 365
U.S. Treasury securities (2)
Holdings 1 3 342 570,934 879,318 511,073 1,961,671
Weekly changes 0 - 1 0 + 1,056 + 2,646 + 5,441 + 9,142
Federal agency debt securities (3)
Holdings 0 6,356 17,515 40,241 62 2,347 66,521
Weekly changes - 2,659 + 487 + 522 - 1,009 0 0 - 2,659
Mortgage-backed securities (4)
Holdings 0 0 0 1 2,617 1,231,918 1,234,537
Weekly changes 0 0 0 0 - 18 + 26,403 + 26,385
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) 27 1,452 0 0 0 0 1,479

Reverse repurchase agreements (6) 88,519 0 ... ... ... ... 88,519
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
Jul 17, 2013

Mortgage-backed securities held outright (1) 1,234,537

Commitments to buy mortgage-backed securities (2) 87,358
Commitments to sell mortgage-backed securities (2) 1,150

Cash and cash equivalents (3) 70

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
Jul 17, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,414

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
Jul 17, 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
Jul 17, 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
Jul 17, 2013

Asset-backed securities holdings (1) 0
Other investments, net 268
Net portfolio holdings of TALF LLC 268

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 Jul 17, 2013 Wednesday Wednesday
consolidation Jul 10, 2013 Jul 18, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,978 + 10 - 125
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,464,688 + 33,013 + 717,076
Securities held outright (1) 3,262,730 + 32,869 + 659,992
U.S. Treasury securities 1,961,671 + 9,142 + 312,977
Bills (2) 0 0 - 8,356
Notes and bonds, nominal (2) 1,864,405 + 7,533 + 303,067
Notes and bonds, inflation-indexed (2) 84,406 + 1,380 + 15,320
Inflation compensation (3) 12,860 + 229 + 2,946
Federal agency debt securities (2) 66,521 - 2,659 - 24,508
Mortgage-backed securities (4) 1,234,537 + 26,385 + 371,522
Unamortized premiums on securities held outright
(5) 204,508 + 551 + 62,134
Unamortized discounts on securities held outright
(5) -2,913 - 402 - 845
Repurchase agreements (6) 0 0 0
Loans 365 - 4 - 4,203
Net portfolio holdings of Maiden Lane LLC (7) 1,414 - 1 - 614
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 46
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 6,142
Net portfolio holdings of TALF LLC (10) 268 0 - 577
Items in process of collection (0) 110 + 15 - 39
Bank premises 2,294 0 - 65
Central bank liquidity swaps (11) 1,479 0 - 29,073
Foreign currency denominated assets (12) 23,524 + 308 - 1,471
Other assets (13) 25,783 + 420 + 3,038

Total assets (0) 3,537,861 + 33,766 + 682,054

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 Jul 17, 2013 Wednesday Wednesday
consolidation Jul 10, 2013 Jul 18, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,152,591 - 4,265 + 82,373
Reverse repurchase agreements (14) 88,519 + 2,616 + 525
Deposits (0) 2,232,609 + 33,573 + 602,026
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,140,437 + 57,384 + 603,150
U.S. Treasury, General Account 67,165 - 8,089 + 8,495
Foreign official 9,944 0 + 7,368
Other (0) 15,064 - 15,721 - 16,986
Deferred availability cash items (0) 843 - 36 - 85
Other liabilities and accrued dividends (15) 8,269 + 1,830 - 3,138

Total liabilities (0) 3,482,830 + 33,718 + 681,700

Capital accounts
Capital paid in 27,516 + 24 + 178
Surplus 27,516 + 24 + 178
Other capital accounts 0 0 0

Total capital 55,031 + 48 + 355

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, July 17, 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 1,978 33 86 120 136 340 200 289 28 49 158 196 344
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,464,688 90,589 1,921,350 100,376 88,475 215,414 230,150 187,233 55,757 32,897 65,559 134,533 342,355
Securities held outright (1) 3,262,730 85,317 1,809,317 94,535 83,327 202,879 216,739 176,306 52,498 30,961 61,727 126,700 322,423
U.S. Treasury securities 1,961,671 51,296 1,087,827 56,838 50,099 121,978 130,311 106,002 31,564 18,615 37,113 76,177 193,852
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,961,671 51,296 1,087,827 56,838 50,099 121,978 130,311 106,002 31,564 18,615 37,113 76,177 193,852
Federal agency debt securities (2) 66,521 1,739 36,889 1,927 1,699 4,136 4,419 3,595 1,070 631 1,259 2,583 6,574
Mortgage-backed securities (4) 1,234,537 32,282 684,601 35,770 31,529 76,765 82,009 66,710 19,864 11,715 23,356 47,940 121,997
Unamortized premiums on securities held
outright (5) 204,508 5,348 113,408 5,925 5,223 12,716 13,585 11,051 3,291 1,941 3,869 7,942 20,209
Unamortized discounts on securities
held outright (5) -2,913 -76 -1,616 -84 -74 -181 -194 -157 -47 -28 -55 -113 -288
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 365 0 241 0 0 0 19 33 15 24 17 5 10
Net portfolio holdings of Maiden
Lane LLC (7) 1,414 0 1,414 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) 268 0 268 0 0 0 0 0 0 0 0 0 0
Items in process of collection 110 0 0 0 0 0 109 0 0 0 0 0 0
Bank premises 2,294 120 429 72 113 229 212 201 128 101 250 234 206
Central bank liquidity swaps (11) 1,479 73 473 114 115 311 84 42 12 6 15 23 210
Foreign currency denominated assets (12) 23,524 1,156 7,522 1,819 1,835 4,940 1,340 671 196 99 238 373 3,336
Other assets (13) 25,783 712 13,872 758 674 1,789 1,722 1,386 455 308 510 1,073 2,524
Interdistrict settlement account 0 - 27,711 + 266,773 - 28,786 - 20,137 - 31,237 - 38,674 - 42,782 - 13,574 - 13,775 - 21,389 - 37,099 + 8,391

Total assets 3,537,861 65,558 2,218,018 75,081 71,959 193,054 197,217 148,254 43,463 19,965 45,802 100,344 359,145

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, July 17, 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 1,469,618 46,698 552,401 46,015 61,063 111,180 181,524 95,715 37,029 23,436 39,498 111,519 163,541
Less: Notes held by F.R. Banks 317,027 13,121 93,535 8,068 9,759 13,417 34,808 20,340 4,576 10,829 13,238 59,361 35,975
Federal Reserve notes, net 1,152,591 33,578 458,866 37,947 51,303 97,763 146,716 75,376 32,453 12,607 26,260 52,158 127,566
Reverse repurchase agreements (14) 88,519 2,315 49,087 2,565 2,261 5,504 5,880 4,783 1,424 840 1,675 3,437 8,747
Deposits 2,232,609 26,856 1,687,554 30,101 13,804 77,649 40,266 66,219 8,957 6,023 17,157 43,561 214,461
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 2,140,437 26,852 1,595,556 30,066 13,801 77,587 40,254 66,183 8,957 6,023 17,155 43,558 214,446
U.S. Treasury, General Account 67,165 0 67,165 0 0 0 0 0 0 0 0 0 0
Foreign official 9,944 2 9,916 3 3 8 2 1 0 0 0 1 6
Other 15,064 2 14,917 32 0 53 10 35 0 0 1 3 10
Deferred availability cash items 843 0 0 0 0 0 725 0 0 118 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,731 54 918 62 62 148 108 87 26 14 29 62 163
Other liabilities and accrued
dividends (16) 6,537 158 4,046 180 184 459 330 279 139 131 119 205 309

Total liabilities 3,482,830 62,960 2,200,471 70,856 67,614 181,523 194,024 146,743 42,999 19,732 45,240 99,424 351,246

Capital
Capital paid in 27,516 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,950
Surplus 27,516 1,299 8,774 2,113 2,173 5,765 1,597 756 232 117 281 460 3,950
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,537,861 65,558 2,218,018 75,081 71,959 193,054 197,217 148,254 43,463 19,965 45,802 100,344 359,145

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, July 17, 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
Jul 17, 2013

Federal Reserve notes outstanding 1,469,618
Less: Notes held by F.R. Banks not subject to collateralization 317,027
Federal Reserve notes to be collateralized 1,152,591
Collateral held against Federal Reserve notes 1,152,591
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,136,354
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,262,730
Less: Face value of securities under reverse repurchase agreements 81,204
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,181,526

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