FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 3, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Wednesday

Jan 2, 2013

Reserve Bank credit 2,896,291 - 8,914 - 4,355 2,899,219

Securities held outright1 2,666,291 - 8,569 + 61,152 2,669,592

U.S. Treasury securities 1,662,851 + 6,185 - 595 1,666,118

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,577,181 + 6,195 + 10,227 1,580,472

Notes and bonds, inflation-indexed2 74,740 0 + 6,272 74,740

Inflation compensation3 10,930 - 11 + 1,329 10,906

Federal agency debt securities2 76,783 - 357 - 27,211 76,783

Mortgage-backed securities4 926,658 - 14,396 + 88,959 926,691

Repurchase agreements5 0 0 0 0

Loans 614 - 26 - 8,518 587

Primary credit 28 + 11 - 78 29

Secondary credit 0 0 0 0

Seasonal credit 31 + 1 + 11 3

Term Asset-Backed Securities Loan Facility6 556 - 37 - 8,451 556

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,413 - 15 - 5,819 1,413

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,200 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,727 22

Net portfolio holdings of TALF LLC10 856 0 + 45 856

Float -696 - 52 + 164 -1,007

Central bank liquidity swaps11 8,889 0 - 90,934 8,889

Other Federal Reserve assets12 218,840 - 252 + 66,481 218,805

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,817 + 14 + 619 44,817

Total factors supplying reserve funds 2,957,349 - 8,900 - 3,735 2,960,278

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

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Wednesday

Jan 2, 2013

Currency in circulation13 1,168,963 + 5,365 + 93,486 1,169,424

Reverse repurchase agreements14 113,122 + 11,762 + 16,825 103,271

Foreign official and international accounts 113,122 + 11,762 + 16,825 103,271

Others 0 0 0 0

Treasury cash holdings 150 + 2 + 21 155

Deposits with F.R. Banks, other than reserve balances 104,858 - 24,074 - 47,202 114,126

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 71,564 + 16,001 - 15,494 84,458

Foreign official 6,344 + 181 + 6,219 6,310

Service-related 0 0 - 2,480 0

Required clearing balances 0 0 - 2,480 0

Adjustments to compensate for float 0 0 0 0

Other 26,951 - 40,255 - 35,446 23,359

Other liabilities and capital15 66,390 - 2,340 - 5,890 64,630

Total factors, other than reserve balances,

absorbing reserve funds 1,453,483 - 9,284 + 57,239 1,451,605

Reserve balances with Federal Reserve Banks 1,503,866 + 384 - 60,975 1,508,672

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

Memorandum item Week ended Change from week ended

Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Wednesday

Jan 2, 2013

Securities held in custody for foreign official and international

accounts 3,232,657 - 3,704 + 205,201 3,240,612

Marketable U.S. Treasury securities1 2,885,241 - 2,350 + 296,637 2,893,418

Federal agency debt and mortgage-backed securities2 311,452 - 1,306 - 92,598 311,240

Other securities3 35,963 - 48 + 1,161 35,954

Securities lent to dealers 7,919 - 752 - 6,145 7,508

Overnight facility4 7,919 - 752 - 6,145 7,508

U.S. Treasury securities 7,253 - 704 - 5,630 6,794

Federal agency debt securities 666 - 48 - 514 714

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, January 2, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 29 52 0 506 0 ... 587

U.S. Treasury securities2

Holdings 0 5 16 378,474 862,403 425,221 1,666,118

Weekly changes - 382 + 1 0 + 13,204 - 3,613 - 20 + 9,188

Federal agency debt securities3

Holdings 1,672 2,688 15,202 52,830 2,044 2,347 76,783

Weekly changes + 1,250 - 1,250 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 1 2,365 924,323 926,691

Weekly changes 0 0 0 0 + 7 + 126 + 133

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 1,742 7,147 0 0 0 0 8,889

Reverse repurchase agreements6 103,271 0 ... ... ... ... 103,271

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jan 2, 2013

Mortgage-backed securities held outright1 926,691

Commitments to buy mortgage-backed securities2 116,902

Commitments to sell mortgage-backed securities2 1,600

Cash and cash equivalents3 55

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 Account name Jan 2, 2013

Net portfolio holdings of Maiden Lane LLC1 1,413

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 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, 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 Account name Jan 2, 2013

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 September 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 Account name Jan 2, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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 September 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 Account name Jan 2, 2013

Asset-backed securities holdings1 0

Other investments, net 856

Net portfolio holdings of TALF LLC 856

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 113

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

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,103 - 11 - 213

Securities, repurchase agreements, and loans 2,670,180 + 9,296 + 56,029

Securities held outright1 2,669,592 + 9,321 + 64,421

U.S. Treasury securities 1,666,118 + 9,188 + 2,680

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,580,472 + 9,220 + 13,518

Notes and bonds, inflation-indexed2 74,740 0 + 6,272

Inflation compensation3 10,906 - 32 + 1,313

Federal agency debt securities2 76,783 0 - 27,211

Mortgage-backed securities4 926,691 + 133 + 88,952

Repurchase agreements5 0 0 0

Loans 587 - 26 - 8,393

Net portfolio holdings of Maiden Lane LLC6 1,413 + 1 - 5,826

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,082

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,766

Net portfolio holdings of TALF LLC9 856 0 + 45

Items in process of collection (0) 187 + 41 - 327

Bank premises 2,331 - 8 + 149

Central bank liquidity swaps10 8,889 0 - 90,934

Other assets11 216,474 + 576 + 66,608

Total assets (0) 2,918,753 + 9,894 - 1,316

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

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jan 2, 2013 Dec 26, 2012 Jan 4, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,126,861 + 2,283 + 94,327

Reverse repurchase agreements12 103,271 + 3,418 + 15,160

Deposits (0) 1,622,799 + 5,542 - 104,185

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,508,672 - 24,015 - 72,877

U.S. Treasury, General Account 84,458 + 28,779 - 2,573

Foreign official 6,310 + 147 + 6,185

Other (0) 23,359 + 630 - 34,920

Deferred availability cash items (0) 1,193 + 364 - 1,218

Other liabilities and accrued dividends13 9,909 - 1,706 - 6,321

Total liabilities (0) 2,864,033 + 9,902 - 2,236

Capital accounts

Capital paid in 27,360 - 4 + 460

Surplus 27,360 - 4 + 460

Other capital accounts 0 0 0

Total capital 54,720 - 8 + 920

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, January 2, 2013

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 2,103 39 89 141 145 372 208 311 35 51 165 196 353

Securities, repurchase agreements,

and loans 2,670,180 64,839 1,497,274 88,251 67,873 189,999 160,958 148,099 41,737 24,271 53,636 103,728 229,515

Securities held outright1 2,669,592 64,839 1,496,719 88,251 67,873 189,999 160,958 148,097 41,737 24,269 53,633 103,728 229,490

U.S. Treasury securities 1,666,118 40,467 934,117 55,078 42,360 118,580 100,455 92,429 26,048 15,147 33,473 64,737 143,227

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 1,666,118 40,467 934,117 55,078 42,360 118,580 100,455 92,429 26,048 15,147 33,473 64,737 143,227

Federal agency debt securities2 76,783 1,865 43,049 2,538 1,952 5,465 4,629 4,260 1,200 698 1,543 2,983 6,601

Mortgage-backed securities4 926,691 22,508 519,554 30,634 23,561 65,954 55,873 51,409 14,488 8,424 18,618 36,007 79,663

Repurchase agreements5 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 587 0 556 0 0 0 0 2 0 2 3 0 25

Net portfolio holdings of Maiden

Lane LLC6 1,413 0 1,413 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

Lane III LLC8 22 0 22 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC9 856 0 856 0 0 0 0 0 0 0 0 0 0

Items in process of collection 187 1 0 0 1 0 183 0 1 1 0 0 0

Bank premises 2,331 119 448 70 115 229 215 202 131 103 252 239 209

Central bank liquidity swaps10 8,889 312 2,867 771 657 1,839 508 237 73 36 88 142 1,358

Other assets11 216,474 5,557 115,083 8,501 6,732 18,927 13,015 11,287 3,236 1,898 4,113 7,859 20,267

Interdistrict settlement account 0 + 14,351 - 69,776 - 14,705 - 1,829 - 32,039 + 32,342 - 11,156 + 1,345 + 2,858 - 3,939 + 4,608 + 77,941

Total assets 2,918,753 85,821 1,553,981 83,676 74,445 180,628 209,420 150,244 47,019 29,500 54,783 117,778 331,459

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, January 2, 2013 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,354,322 47,613 477,138 47,720 60,682 103,381 175,691 95,358 37,315 22,390 36,457 95,589 154,987

Less: Notes held by F.R. Banks 227,461 6,177 92,635 4,272 8,008 11,432 25,812 12,389 3,723 3,136 6,770 28,016 25,091

Federal Reserve notes, net 1,126,861 41,436 384,503 43,448 52,674 91,950 149,879 82,970 33,591 19,254 29,687 67,573 129,896

Reverse repurchase agreements12 103,271 2,508 57,899 3,414 2,626 7,350 6,227 5,729 1,615 939 2,075 4,013 8,878

Deposits 1,622,799 38,958 1,088,107 32,294 14,610 69,156 48,610 59,501 11,171 8,806 22,280 44,980 184,326

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 1,508,672 38,949 974,122 32,278 14,607 69,095 48,600 59,474 11,170 8,806 22,278 44,973 184,319

U.S. Treasury, General Account 84,458 0 84,458 0 0 0 0 0 0 0 0 0 0

Foreign official 6,310 1 6,283 3 3 8 2 1 0 0 0 1 6

Other 23,359 7 23,244 13 0 53 7 26 0 0 1 6 1

Deferred availability cash items 1,193 0 0 0 0 0 1,066 0 0 126 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 461 12 273 14 9 21 30 27 8 5 7 19 35

Other liabilities and accrued

dividends14 9,448 218 5,708 273 258 659 491 455 178 140 179 325 563

Total liabilities 2,864,033 83,132 1,536,490 79,443 70,177 169,136 206,303 148,683 46,563 29,270 54,229 116,910 323,698

Capital

Capital paid in 27,360 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880

Surplus 27,360 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,918,753 85,821 1,553,981 83,676 74,445 180,628 209,420 150,244 47,019 29,500 54,783 117,778 331,459

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, January 2, 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. 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 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. 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.

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 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).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jan 2, 2013

Federal Reserve notes outstanding 1,354,322

Less: Notes held by F.R. Banks not subject to collateralization 227,461

Federal Reserve notes to be collateralized 1,126,861

Collateral held against Federal Reserve notes 1,126,861

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,110,624

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,669,592

Less: Face value of securities under reverse repurchase agreements 89,561

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,580,032

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.