FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 11, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Oct 10, 2012 Week ended

Oct 10, 2012

Change from week ended

 Oct 3, 2012 Oct 12, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,797,387 + 11,813 - 42,412 2,793,536

Securities held outright1 2,575,693 + 8,839 - 70,104 2,571,487

U.S. Treasury securities 1,657,389 + 8,929 - 9,256 1,653,737

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,575,543 + 8,829 + 6,220 1,571,859

Notes and bonds, inflation-indexed2 71,784 0 + 2,818 71,784

Inflation compensation3 10,063 + 101 + 129 10,094

Federal agency debt securities2 83,311 - 94 - 24,957 82,746

Mortgage-backed securities4 834,993 + 4 - 35,890 835,005

Repurchase agreements5 0 0 0 0

Loans 1,557 - 38 - 9,817 1,559

Primary credit 17 - 6 - 21 29

Secondary credit 0 0 - 1 0

Seasonal credit 86 - 20 + 25 76

Term Asset-Backed Securities Loan Facility6 1,454 - 13 - 9,819 1,454

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,731 + 10 - 13,756 1,732

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,792 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 21,220 23

Net portfolio holdings of TALF LLC10 853 0 + 68 853

Float -747 - 47 + 418 -1,158

Central bank liquidity swaps11 12,951 + 400 + 12,451 12,951

Other Federal Reserve assets12 205,265 + 2,650 + 69,339 206,027

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding13 44,713 + 14 + 605 44,713

Total factors supplying reserve funds 2,858,341 + 11,828 - 41,807 2,854,490

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

Oct 10, 2012 Week ended

Oct 10, 2012

Change from week ended

 Oct 3, 2012 Oct 12, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,136,604 + 6,651 + 91,643 1,137,199

Reverse repurchase agreements14 86,781 - 3,754 + 9,931 88,335

Foreign official and international accounts 86,781 - 3,754 + 9,931 88,335

Others 0 0 0 0

Treasury cash holdings 129 + 6 - 3 132

Deposits with F.R. Banks, other than reserve balances 97,239 - 14,148 + 15,125 91,881

Term deposits held by depository institutions 3,040 0 - 2,037 3,040

U.S. Treasury, General Account 65,845 - 17,452 + 43,939 53,452

U.S. Treasury, Supplementary Financing Account 0 0 0 0

Foreign official 5,562 - 29 + 5,435 5,561

Service-related 0 0 - 2,513 0

Required clearing balances 0 0 - 2,513 0

Adjustments to compensate for float 0 0 0 0

Other 22,791 + 3,333 - 29,700 29,828

Other liabilities and capital15 68,022 + 388 - 3,554 67,149

Total factors, other than reserve balances,

absorbing reserve funds 1,388,776 - 10,857 + 113,144 1,384,695

Reserve balances with Federal Reserve Banks 1,469,565 + 22,684 - 154,951 1,469,794

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. Cash value of agreements.

6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

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.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.Estimated.

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. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Oct 10, 2012 Week ended

Oct 10, 2012

Change from week ended

 Oct 3, 2012 Oct 12, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,587,395 - 5,911 + 183,744 3,595,004

U.S. Treasury securities 2,883,199 - 6,192 + 202,777 2,891,489

Federal agency securities2 704,196 + 282 - 19,033 703,515

Securities lent to dealers 7,509 - 2,818 - 2,282 6,866

Overnight facility3 7,509 - 2,818 - 2,282 6,866

U.S. Treasury securities 7,036 - 2,725 - 1,604 6,420

Federal agency debt securities 473 - 93 - 679 446

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

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original

face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 10, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 53 217 363 927 0 ... 1,559

U.S. Treasury securities2

Holdings 0 485 17 454,182 814,098 384,955 1,653,737

Weekly changes 0 0 - 594 - 7,195 + 4,740 + 3,843 + 793

Federal agency debt securities3

Holdings 844 5,119 16,131 53,895 4,410 2,347 82,746

Weekly changes + 185 - 844 0 0 0 0 - 659

Mortgage-backed securities4

Holdings 0 0 4 2 306 834,693 835,005

Weekly changes 0 0 0 0 0 + 13 + 13

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 4,775 8,175 0 0 0 0 12,951

Reverse repurchase agreements6 88,335 0 ... ... ... ... 88,335

Term deposits 3,040 0 0 ... ... ... 3,040

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Oct 10, 2012 Account name

Mortgage-backed securities held outright1 835,005

Commitments to buy mortgage-backed securities2 109,089

Commitments to sell mortgage-backed securities2 2,750

Cash and cash equivalents3 6

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

Wednesday

Oct 10, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,732

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 308

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. 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

Wednesday

Oct 10, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Oct 10, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 23

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Oct 10, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 853

Net portfolio holdings of TALF LLC 853

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 112

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, by the interest received on investments of TALF LLC, by up to $1.4 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 10, 2012

Change since

Wednesday

 Oct 3, 2012

Wednesday

Oct 12, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,174 - 6 - 81

Securities, repurchase agreements, and loans 2,573,047 + 134 - 86,264

Securities held outright1 2,571,487 + 146 - 76,431

U.S. Treasury securities 1,653,737 + 793 - 15,029

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,571,859 + 690 + 430

Notes and bonds, inflation-indexed2 71,784 0 + 2,818

Inflation compensation3 10,094 + 103 + 145

Federal agency debt securities2 82,746 - 659 - 25,522

Mortgage-backed securities4 835,005 + 13 - 35,878

Repurchase agreements5 0 0 0

Loans 1,559 - 13 - 9,834

Net portfolio holdings of Maiden Lane LLC6 1,732 + 1 - 13,763

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,794

Net portfolio holdings of Maiden Lane III LLC8 23 0 - 21,271

Net portfolio holdings of TALF LLC9 853 0 + 68

Items in process of collection (229) 201 - 28 - 81

Bank premises 2,345 + 1 + 163

Central bank liquidity swaps10 12,951 + 400 + 12,451

Other assets11 203,682 + 2,606 + 68,108

Total assets (229) 2,813,306 + 3,110 - 50,464

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 10, 2012

Change since

Wednesday

 Oct 3, 2012

Wednesday

Oct 12, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,094,788 + 3,512 + 91,466

Reverse repurchase agreements12 88,335 + 1,072 + 14,851

Deposits (0) 1,561,675 - 1,823 - 151,745

Term deposits held by depository institutions 3,040 0 - 2,037

Other deposits held by depository institutions 1,469,795 + 5,170 - 165,593

U.S. Treasury, General Account 53,452 - 20,036 + 35,771

U.S. Treasury, Supplementary Financing Account 0 0 0

Foreign official 5,561 0 + 5,435

Other (0) 29,828 + 13,044 - 25,320

Deferred availability cash items (229) 1,359 + 460 - 901

Other liabilities and accrued dividends13 12,413 - 115 - 6,834

Total liabilities (229) 2,758,570 + 3,106 - 53,163

Capital accounts

Capital paid in 27,368 + 2 + 1,349

Surplus 27,368 + 2 + 1,349

Other capital accounts 0 0 0

Total capital 54,735 + 3 + 2,698

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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

10.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.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 10, 2012Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,174 52 105 149 148 385 203 318 35 Securities, repurchase agreements,

and loans 2,573,047 62,457 1,443,170 85,008 65,378 183,016 155,055 142,662 40,206 

Securities held outright1 2,571,487 62,457 1,441,716 85,008 65,378 183,016 155,043 142,655 40,203 

U.S. Treasury securities 1,653,737 40,166 927,175 54,669 42,045 117,699 99,709 91,742 25,855 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,653,737 40,166 927,175 54,669 42,045 117,699 99,709 91,742 25,855 

Federal agency debt securities2 82,746 2,010 46,392 2,735 2,104 5,889 4,989 4,590 1,294 

Mortgage-backed securities4 835,005 20,281 468,149 27,603 21,229 59,428 50,345 46,322 13,054 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 1,559 0 1,454 0 0 0 13 7 3 

Net portfolio holdings of Maiden

Lane LLC6 1,732 0 1,732 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 61 0 61 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 23 0 23 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 853 0 853 0 0 0 0 0 0 

Items in process of collection 430 4 0 65 51 11 175 13 12 Bank premises 2,345 120 454 68 122 229 213 203 130 Central bank liquidity swaps10 12,951 454 4,178 1,123 957 2,679 741 346 106 Other assets11 203,682 5,252 107,670 8,128 6,439 18,138 12,246 10,552 3,030 Interdistrict settlement account 0 + 874 - 40,080 - 15,377 + 2,455 - 29,925 + 31,577 - 7,711 + 2,396 + 

Total assets 2,813,535 69,817 1,523,807 79,811 76,304 175,836 202,201 147,645 46,378 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 10, 2012 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,312,753 45,978 459,678 47,628 61,118 102,018 177,175 94,518 37,338 

Less: Notes held by F.R. Banks 217,965 4,936 84,678 5,785 8,436 12,360 27,298 13,423 4,342 

Federal Reserve notes, net 1,094,788 41,042 375,000 41,843 52,682 89,657 149,877 81,096 32,996 

Reverse repurchase agreements12 88,335 2,145 49,525 2,920 2,246 6,287 5,326 4,900 1,381 

Deposits 1,561,675 23,602 1,074,270 30,291 16,701 67,807 42,952 59,488 11,274 

Term deposits held by depository

institutions 3,040 5 2,596 0 0 10 55 5 0 

Other deposits held by depository

institutions 1,469,795 23,595 983,119 30,265 16,698 67,600 42,886 59,456 11,273 

U.S. Treasury, General Account 53,452 0 53,452 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,561 1 5,534 3 3 8 2 1 0 Other 29,828 1 29,569 22 0 188 8 26 0 

Deferred availability cash items 1,588 66 0 174 81 35 368 47 59 Interest on Federal Reserve notes due

to U.S. Treasury13 1,734 48 982 61 45 122 90 98 24 

Other liabilities and accrued

dividends14 10,680 240 6,566 317 294 762 514 465 191 

Total liabilities 2,758,799 67,145 1,506,344 75,606 72,050 164,670 199,126 146,094 45,927 Capital

Capital paid in 27,368 1,336 8,731 2,103 2,127 5,583 1,537 775 226 Surplus 27,368 1,336 8,731 2,103 2,127 5,583 1,537 775 226 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,813,535 69,817 1,523,807 79,811 76,304 175,836 202,201 147,645 46,378 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 10, 2012 (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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.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 centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

11.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.13.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 

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 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 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 and the amount necessary to equate surplus with capital paid-in.

14.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 Y

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 Resewas 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 multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio 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 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 FacilitThe 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 respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin this table (and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

Oct 10, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,312,753

Less: Notes held by F.R. Banks not subject to collateralization 217,965

Federal Reserve notes to be collateralized 1,094,788

Collateral held against Federal Reserve notes 1,094,788

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,078,551

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,571,487

Less: Face value of securities under reverse repurchase agreements 75,387

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,496,101

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.