FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 14, 2013

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 November 14, 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 Nov 13, 2013
Federal Reserve Banks Nov 13, 2013 Nov 6, 2013 Nov 14, 2012

Reserve Bank credit 3,822,130 + 19,225 +1,029,811 3,863,922
Securities held outright (1) 3,590,340 + 17,049 +1,000,240 3,630,670
U.S. Treasury securities 2,131,729 + 11,211 + 480,874 2,137,037
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,029,515 + 11,181 + 461,558 2,034,815
Notes and bonds, inflation-indexed (2) 88,589 0 + 16,245 88,589
Inflation compensation (3) 13,624 + 29 + 3,069 13,633
Federal agency debt securities (2) 59,080 0 - 22,822 59,080
Mortgage-backed securities (4) 1,399,531 + 5,838 + 542,187 1,434,553
Unamortized premiums on securities held outright (5) 205,791 + 171 + 45,120 207,149
Unamortized discounts on securities held outright (5) -8,919 - 424 - 7,311 -9,034
Repurchase agreements (6) 0 0 0 0
Loans 192 + 4 - 891 177
Primary credit 14 + 8 + 1 6
Secondary credit 0 - 1 0 0
Seasonal credit 78 - 4 + 35 72
Term Asset-Backed Securities Loan Facility (7) 100 0 - 928 100
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,516 + 1 - 56 1,517
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) 110 - 1 - 745 110
Float -641 - 166 + 167 -1,187
Central bank liquidity swaps (12) 272 0 - 11,849 272
Other Federal Reserve assets (13) 33,383 + 2,589 + 5,134 34,162
Foreign currency denominated assets (14) 23,927 - 192 - 1,484 23,983
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,406 + 14 + 694 45,406

Total factors supplying reserve funds 3,907,704 + 19,047 +1,029,022 3,949,551

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 Nov 13, 2013
Federal Reserve Banks Nov 13, 2013 Nov 6, 2013 Nov 14, 2012

Currency in circulation (15) 1,222,060 + 3,197 + 73,440 1,221,979
Reverse repurchase agreements (16) 103,476 - 8,671 + 8,948 106,270
Foreign official and international accounts 101,281 - 4,999 + 6,753 102,300
Others 2,195 - 3,672 + 2,195 3,970
Treasury cash holdings 209 + 3 + 59 207
Deposits with F.R. Banks, other than reserve balances 67,863 + 15,120 - 16,027 65,258
Term deposits held by depository institutions 0 0 - 3,043 0
U.S. Treasury, General Account 45,639 + 11,281 + 6,975 34,247
Foreign official 8,661 + 7 + 2,553 8,653
Other 13,563 + 3,833 - 22,511 22,358
Other liabilities and capital (17) 64,982 + 871 - 3,182 66,825

Total factors, other than reserve balances,
absorbing reserve funds 1,458,590 + 10,521 + 63,239 1,460,539

Reserve balances with Federal Reserve Banks 2,449,114 + 8,526 + 965,783 2,489,013

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 Nov 13, 2013
Nov 13, 2013 Nov 6, 2013 Nov 14, 2012

Securities held in custody for foreign official and
international accounts 3,324,297 - 7,692 + 130,716 3,323,519
Marketable U.S. Treasury securities (1) 2,962,283 - 8,229 + 127,486 2,963,045
Federal agency debt and mortgage-backed securities (2) 319,683 - 555 - 2,824 317,841
Other securities (3) 42,331 + 1,091 + 6,054 42,634
Securities lent to dealers 10,090 - 3,324 + 2,323 11,162
Overnight facility (4) 10,090 - 3,324 + 2,323 11,162
U.S. Treasury securities 9,007 - 3,283 + 1,873 10,019
Federal agency debt securities 1,083 - 40 + 450 1,143

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, November 13, 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) 31 47 63 36 0 ... 177
U.S. Treasury securities (2)
Holdings 1 4 384 688,281 891,277 557,090 2,137,037
Weekly changes 0 0 0 + 3,001 + 5,426 + 3,058 + 11,485
Federal agency debt securities (3)
Holdings 708 6,961 11,711 37,291 62 2,347 59,080
Weekly changes 0 + 3,500 - 3,500 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 3 2,591 1,431,959 1,434,553
Weekly changes 0 0 0 0 + 1 + 40,858 + 40,859
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) 106,270 0 ... ... ... ... 106,270
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
Nov 13, 2013

Mortgage-backed securities held outright (1) 1,434,553

Commitments to buy mortgage-backed securities (2) 55,982
Commitments to sell mortgage-backed securities (2) 600

Cash and cash equivalents (3) 4

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
Nov 13, 2013

Net portfolio holdings of Maiden Lane LLC (1) 1,517

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 September 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
Nov 13, 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 September 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
Nov 13, 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
Nov 13, 2013

Asset-backed securities holdings (1) 0
Other investments, net 110
Net portfolio holdings of TALF LLC 110

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 Nov 13, 2013 Wednesday Wednesday
consolidation Nov 6, 2013 Nov 14, 2012

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,967 - 4 - 177
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,828,962 + 53,463 +1,039,119
Securities held outright (1) 3,630,670 + 52,344 +1,002,915
U.S. Treasury securities 2,137,037 + 11,485 + 480,204
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,034,815 + 11,457 + 462,001
Notes and bonds, inflation-indexed (2) 88,589 0 + 15,245
Inflation compensation (3) 13,633 + 28 + 2,957
Federal agency debt securities (2) 59,080 0 - 22,822
Mortgage-backed securities (4) 1,434,553 + 40,859 + 545,533
Unamortized premiums on securities held outright
(5) 207,149 + 1,469 + 44,478
Unamortized discounts on securities held outright
(5) -9,034 - 345 - 7,435
Repurchase agreements (6) 0 0 0
Loans 177 - 4 - 839
Net portfolio holdings of Maiden Lane LLC (7) 1,517 + 1 - 56
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) 110 0 - 745
Items in process of collection (0) 125 + 33 - 52
Bank premises 2,286 + 2 - 59
Central bank liquidity swaps (11) 272 0 - 11,849
Foreign currency denominated assets (12) 23,983 - 146 - 1,360
Other assets (13) 31,881 + 2,453 + 5,357

Total assets (0) 3,907,424 + 55,801 +1,030,180

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 Nov 13, 2013 Wednesday Wednesday
consolidation Nov 6, 2013 Nov 14, 2012

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,178,742 + 1,260 + 71,827
Reverse repurchase agreements (14) 106,270 - 4,539 + 12,680
Deposits (0) 2,554,275 + 55,234 + 954,031
Term deposits held by depository institutions 0 0 - 3,043
Other deposits held by depository institutions 2,489,017 + 38,983 + 982,235
U.S. Treasury, General Account 34,247 + 3,651 + 7,388
Foreign official 8,653 - 1 + 2,172
Other (0) 22,358 + 12,600 - 34,720
Deferred availability cash items (0) 1,311 + 392 - 392
Other liabilities and accrued dividends (15) 11,982 + 3,436 - 7,668

Total liabilities (0) 3,852,581 + 55,784 +1,030,478

Capital accounts
Capital paid in 27,421 + 8 - 149
Surplus 27,421 + 8 - 149
Other capital accounts 0 0 0

Total capital 54,843 + 17 - 298

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, November 13, 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 1,967 32 89 127 132 336 223 282 29 47 145 178 347
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,828,962 100,119 2,123,318 110,936 97,787 238,077 254,346 206,905 61,619 36,350 72,452 148,690 378,362
Securities held outright (1) 3,630,670 94,938 2,013,355 105,196 92,724 225,758 241,181 196,189 58,419 34,452 68,688 140,988 358,783
U.S. Treasury securities 2,137,037 55,881 1,185,074 61,919 54,578 132,883 141,961 115,478 34,386 20,279 40,430 82,986 211,182
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,137,037 55,881 1,185,074 61,919 54,578 132,883 141,961 115,478 34,386 20,279 40,430 82,986 211,182
Federal agency debt securities (2) 59,080 1,545 32,762 1,712 1,509 3,674 3,925 3,192 951 561 1,118 2,294 5,838
Mortgage-backed securities (4) 1,434,553 37,512 795,518 41,565 36,637 89,202 95,295 77,518 23,082 13,613 27,140 55,707 141,762
Unamortized premiums on securities held
outright (5) 207,149 5,417 114,873 6,002 5,290 12,881 13,761 11,194 3,333 1,966 3,919 8,044 20,470
Unamortized discounts on securities
held outright (5) -9,034 -236 -5,010 -262 -231 -562 -600 -488 -145 -86 -171 -351 -893
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 177 0 100 0 4 0 5 11 13 18 16 9 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,517 0 1,517 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) 110 0 110 0 0 0 0 0 0 0 0 0 0
Items in process of collection 125 0 0 0 0 0 123 1 0 1 0 0 0
Bank premises 2,286 120 429 72 111 229 211 203 127 100 248 232 204
Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,983 1,179 7,669 1,855 1,870 5,036 1,366 684 200 100 243 380 3,401
Other assets (13) 31,881 872 17,240 934 825 2,164 2,143 1,719 581 365 625 1,286 3,125
Interdistrict settlement account 0 - 32,428 + 243,276 - 18,701 - 9,927 - 27,755 - 53,627 - 61,024 - 17,667 - 15,102 - 27,171 - 37,397 + 57,524

Total assets 3,907,424 70,494 2,399,562 95,851 91,569 219,411 206,876 149,993 45,352 22,141 47,006 114,385 444,782

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, November 13, 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 1,438,977 46,206 532,039 43,201 60,098 109,565 173,993 91,577 35,974 22,662 38,003 118,123 167,535
Less: Notes held by F.R. Banks 260,235 11,149 65,749 7,456 7,264 11,346 24,191 19,268 3,604 10,048 11,817 55,154 33,189
Federal Reserve notes, net 1,178,742 35,057 466,291 35,745 52,835 98,219 149,802 72,309 32,370 12,614 26,186 62,969 134,346
Reverse repurchase agreements (14) 106,270 2,779 58,931 3,079 2,714 6,608 7,059 5,742 1,710 1,008 2,011 4,127 10,502
Deposits 2,554,275 29,815 1,850,523 52,402 31,277 102,207 44,870 69,780 10,556 7,985 17,990 45,913 290,956
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 2,489,017 29,812 1,785,544 52,377 31,274 102,013 44,858 69,756 10,556 7,985 17,988 45,909 290,945
U.S. Treasury, General Account 34,247 0 34,247 0 0 0 0 0 0 0 0 0 0
Foreign official 8,653 2 8,626 3 3 8 2 1 0 0 0 1 6
Other 22,358 1 22,107 22 0 186 10 23 0 0 1 3 6
Deferred availability cash items 1,311 0 0 0 0 0 1,203 0 0 108 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,740 42 993 47 40 83 122 104 29 16 28 70 165
Other liabilities and accrued
dividends (16) 10,243 304 5,310 358 343 861 666 539 223 177 213 394 853

Total liabilities 3,852,581 67,998 2,382,049 91,630 87,209 207,978 203,722 148,474 44,889 21,909 46,427 113,473 436,823

Capital
Capital paid in 27,421 1,248 8,757 2,111 2,180 5,716 1,577 759 232 116 289 456 3,980
Surplus 27,421 1,248 8,757 2,111 2,180 5,716 1,577 759 232 116 289 456 3,980
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 3,907,424 70,494 2,399,562 95,851 91,569 219,411 206,876 149,993 45,352 22,141 47,006 114,385 444,782

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, November 13, 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
Nov 13, 2013

Federal Reserve notes outstanding 1,438,977
Less: Notes held by F.R. Banks not subject to collateralization 260,235
Federal Reserve notes to be collateralized 1,178,742
Collateral held against Federal Reserve notes 1,178,742
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,162,506
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,630,670
Less: Face value of securities under reverse repurchase agreements 96,511
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,534,159

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