FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 7, 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

Mar 6, 2013 Feb 27, 2013 Mar 7, 2012

Wednesday

Mar 6, 2013

Reserve Bank credit 3,084,839 + 7,235 + 220,098 3,090,541

Securities held outright1 2,846,633 + 2,328 + 248,406 2,851,294

U.S. Treasury securities 1,757,106 + 12,486 + 100,057 1,761,763

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,669,125 + 12,487 + 108,044 1,673,761

Notes and bonds, inflation-indexed2 77,499 0 + 8,991 77,499

Inflation compensation3 10,482 - 2 + 1,445 10,504

Federal agency debt securities2 73,588 - 448 - 26,794 73,588

Mortgage-backed securities4 1,015,939 - 9,710 + 175,143 1,015,943

Repurchase agreements5 0 0 0 0

Loans 409 + 9 - 7,111 400

Primary credit 21 + 18 + 17 14

Secondary credit 0 0 0 0

Seasonal credit 0 - 1 - 3 0

Term Asset-Backed Securities Loan Facility6 388 - 8 - 7,125 386

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,399 - 1 - 5,042 1,394

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 3,762 62

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,605 22

Net portfolio holdings of TALF LLC10 492 - 15 - 333 399

Float -748 - 74 + 265 -865

Central bank liquidity swaps11 8,343 + 4,149 - 63,043 8,343

Other Federal Reserve assets12 228,228 + 838 + 68,323 229,491

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,877 + 14 + 508 44,877

Total factors supplying reserve funds 3,145,957 + 7,249 + 220,606 3,151,659

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

Mar 6, 2013 Feb 27, 2013 Mar 7, 2012

Wednesday

Mar 6, 2013

Currency in circulation13 1,172,612 + 3,229 + 79,922 1,175,141

Reverse repurchase agreements14 93,830 - 1,148 + 6,353 93,467

Foreign official and international accounts 93,830 - 1,148 + 6,625 93,467

Others 0 0 - 271 0

Treasury cash holdings 219 + 11 + 57 225

Deposits with F.R. Banks, other than reserve balances 64,273 - 60,242 - 13,179 70,810

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 36,793 - 6,219 - 170 48,960

Foreign official 8,636 + 50 + 8,509 8,635

Service-related 0 0 - 1,955 0

Required clearing balances 0 0 - 1,955 0

Adjustments to compensate for float 0 0 0 0

Other 18,844 - 54,072 - 19,562 13,215

Other liabilities and capital15 66,956 + 864 - 8,692 66,706

Total factors, other than reserve balances,

absorbing reserve funds 1,397,890 - 57,286 + 64,461 1,406,349

Reserve balances with Federal Reserve Banks 1,748,067 + 64,535 + 156,145 1,745,310

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

Mar 6, 2013 Feb 27, 2013 Mar 7, 2012

Wednesday

Mar 6, 2013

Securities held in custody for foreign official and international

accounts 3,295,115 + 1,222 + 211,537 3,293,292

Marketable U.S. Treasury securities1 2,960,548 + 3,715 + 316,026 2,958,185

Federal agency debt and mortgage-backed securities2 296,797 - 2,602 - 104,500 297,177

Other securities3 37,769 + 109 + 11 37,930

Securities lent to dealers 18,717 - 1,933 - 1,951 18,828

Overnight facility4 18,717 - 1,933 - 1,951 18,828

U.S. Treasury securities 17,691 - 2,098 - 1,993 18,076

Federal agency debt securities 1,026 + 165 + 42 752

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, March 6, 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 14 0 0 386 0 ... 400

U.S. Treasury securities2

Holdings 0 5 308 438,296 876,335 446,819 1,761,763

Weekly changes - 1 + 1 + 294 + 4,726 + 3,346 + 3,853 + 12,218

Federal agency debt securities3

Holdings 1,165 1,533 19,479 47,020 2,044 2,347 73,588

Weekly changes + 1,165 - 2 - 1,163 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,552 1,013,388 1,015,943

Weekly changes 0 0 0 0 + 8 + 21 + 29

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 380 7,963 0 0 0 0 8,343

Reverse repurchase agreements6 93,467 0 ... ... ... ... 93,467

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 Mar 6, 2013

Mortgage-backed securities held outright1 1,015,943

Commitments to buy mortgage-backed securities2 125,444

Commitments to sell mortgage-backed securities2 600

Cash and cash equivalents3 12

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 Mar 6, 2013

Net portfolio holdings of Maiden Lane LLC1 1,394

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 December 31, 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 Mar 6, 2013

Net portfolio holdings of Maiden Lane II LLC1 62

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 December 31, 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 Mar 6, 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 December 31, 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 Mar 6, 2013

Asset-backed securities holdings1 0

Other investments, net 399

Net portfolio holdings of TALF LLC 399

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 0

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

market on the measurement date.

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

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

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of

section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to

five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and

businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the

TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The

loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value

of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of

a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a

TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the

following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
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

Mar 6, 2013 Feb 27, 2013 Mar 7, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,166 - 20 - 196

Securities, repurchase agreements, and loans 2,851,695 + 12,249 + 244,387

Securities held outright1 2,851,294 + 12,247 + 251,416

U.S. Treasury securities 1,761,763 + 12,218 + 102,484

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,673,761 + 12,177 + 109,332

Notes and bonds, inflation-indexed2 77,499 0 + 9,941

Inflation compensation3 10,504 + 42 + 1,635

Federal agency debt securities2 73,588 0 - 26,215

Mortgage-backed securities4 1,015,943 + 29 + 175,147

Repurchase agreements5 0 0 0

Loans 400 + 1 - 7,030

Net portfolio holdings of Maiden Lane LLC6 1,394 - 5 - 5,059

Net portfolio holdings of Maiden Lane II LLC7 62 + 1 - 3,573

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,698

Net portfolio holdings of TALF LLC9 399 - 108 - 426

Items in process of collection (0) 634 + 60 + 469

Bank premises 2,300 - 10 - 85

Central bank liquidity swaps10 8,343 + 4,149 - 63,043

Other assets11 227,191 + 1,859 + 68,612

Total assets (0) 3,110,443 + 18,175 + 223,389

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

Mar 6, 2013 Feb 27, 2013 Mar 7, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,132,652 + 3,790 + 79,392

Reverse repurchase agreements12 93,467 - 7,145 + 7,038

Deposits (0) 1,816,120 + 20,893 + 144,389

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,745,310 - 9,052 + 141,248

U.S. Treasury, General Account 48,960 + 32,994 + 22,523

Foreign official 8,635 + 79 + 8,508

Other (0) 13,215 - 3,128 - 27,891

Deferred availability cash items (0) 1,499 + 33 + 257

Other liabilities and accrued dividends13 11,691 + 578 - 8,256

Total liabilities (0) 3,055,429 + 18,149 + 222,820

Capital accounts

Capital paid in 27,507 + 13 + 284

Surplus 27,507 + 13 + 284

Other capital accounts 0 0 0

Total capital 55,014 + 27 + 569

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, March 6, 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 2,166 43 104 140 156 385 200 317 34 53 167 199 367

Securities, repurchase agreements,

and loans 2,851,695 69,254 1,598,977 94,258 72,492 202,931 171,913 158,177 44,577 25,921 57,284 110,798 245,113

Securities held outright1 2,851,294 69,253 1,598,591 94,258 72,492 202,931 171,913 158,177 44,577 25,921 57,284 110,788 245,110

U.S. Treasury securities 1,761,763 42,790 987,741 58,240 44,792 125,387 106,222 97,735 27,543 16,016 35,395 68,454 151,449

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

Notes and bonds3 1,761,763 42,790 987,741 58,240 44,792 125,387 106,222 97,735 27,543 16,016 35,395 68,454 151,449

Federal agency debt securities2 73,588 1,787 41,257 2,433 1,871 5,237 4,437 4,082 1,150 669 1,478 2,859 6,326

Mortgage-backed securities4 1,015,943 24,675 569,593 33,585 25,830 72,306 61,254 56,360 15,883 9,236 20,411 39,475 87,335

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

Loans 400 1 386 0 0 0 0 0 0 0 0 10 3

Net portfolio holdings of Maiden

Lane LLC6 1,394 0 1,394 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC7 62 0 62 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 399 0 399 0 0 0 0 0 0 0 0 0 0

Items in process of collection 634 0 0 0 0 0 633 0 0 0 0 0 0

Bank premises 2,300 117 427 71 114 229 213 201 130 102 251 237 207

Central bank liquidity swaps10 8,343 410 2,667 645 651 1,752 475 238 70 35 84 132 1,183

Other assets11 227,191 6,145 121,115 8,700 7,048 19,666 13,654 11,949 3,407 2,002 4,340 8,305 20,860

Interdistrict settlement account 0 + 2,197 - 7,898 - 7,554 - 1,894 - 50,222 + 20,533 - 10,325 + 1,383 + 951 - 7,490 - 8,466 + 68,784

Total assets 3,110,443 78,770 1,722,911 96,906 79,319 176,043 209,613 161,821 50,064 29,346 55,105 112,213 338,331

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, March 6, 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 1,391,581 47,132 513,264 46,931 61,448 102,928 175,361 94,466 37,075 23,661 37,774 96,499 155,042

Less: Notes held by F.R. Banks 258,929 9,893 97,729 4,622 9,365 11,387 29,659 14,501 3,172 6,040 9,549 37,543 25,468

Federal Reserve notes, net 1,132,652 37,239 415,534 42,308 52,083 91,541 145,702 79,965 33,903 17,621 28,225 58,956 129,575

Reverse repurchase agreements12 93,467 2,270 52,403 3,090 2,376 6,652 5,635 5,185 1,461 850 1,878 3,632 8,035

Deposits 1,816,120 36,299 1,230,387 46,933 20,283 65,556 53,188 74,533 14,032 10,301 24,226 48,330 192,053

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 1,745,310 36,279 1,159,801 46,899 20,280 65,446 53,179 74,504 14,032 10,301 24,224 48,328 192,038

U.S. Treasury, General Account 48,960 0 48,960 0 0 0 0 0 0 0 0 0 0

Foreign official 8,635 2 8,608 3 3 8 2 1 0 0 0 1 6

Other 13,215 18 13,018 31 0 102 7 27 0 0 1 1 9

Deferred availability cash items 1,499 0 0 0 0 0 1,325 0 0 173 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,358 24 856 25 14 50 90 91 15 12 32 62 86

Other liabilities and accrued

dividends14 10,333 243 6,206 315 286 754 538 478 194 154 189 351 627

Total liabilities 3,055,429 76,075 1,705,386 92,672 75,042 164,553 206,478 160,252 49,605 29,112 54,549 111,330 330,375

Capital

Capital paid in 27,507 1,348 8,762 2,117 2,138 5,745 1,567 785 230 117 278 441 3,978

Surplus 27,507 1,348 8,762 2,117 2,138 5,745 1,567 785 230 117 278 441 3,978

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

Total liabilities and capital 3,110,443 78,770 1,722,911 96,906 79,319 176,043 209,613 161,821 50,064 29,346 55,105 112,213 338,331

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, March 6, 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 Mar 6, 2013

Federal Reserve notes outstanding 1,391,581

Less: Notes held by F.R. Banks not subject to collateralization 258,929

Federal Reserve notes to be collateralized 1,132,652

Collateral held against Federal Reserve notes 1,132,652

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,116,415

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,851,294

Less: Face value of securities under reverse repurchase agreements 80,906

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,770,388

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.