FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 27, 2012


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 26, 2012 
Federal Reserve Banks                                     Dec 26, 2012 Dec 19, 2012 Dec 28, 2011              

Reserve Bank credit                                         2,905,205   +    5,495   -   14,840    2,889,644  
  Securities held outright (1)                              2,674,860   +    5,914   +   51,064    2,660,271  
    U.S. Treasury securities                                1,656,666   -    3,033   -   14,778    1,656,930  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,570,986   -    3,025   -    3,939    1,571,252  
      Notes and bonds, inflation-indexed (2)                   74,740            0   +    6,272       74,740  
      Inflation compensation (3)                               10,941   -        7   +    1,313       10,938  
    Federal agency debt securities (2)                         77,140   -    2,143   -   27,456       76,783  
    Mortgage-backed securities (4)                            941,054   +   11,090   +   93,298      926,558  
  Repurchase agreements (5)                                         0            0            0            0  
  Loans                                                           640   -      199   -    8,468          613  
    Primary credit                                                 17   +        5   +        5           26  
    Secondary credit                                                0            0   -        1            0  
    Seasonal credit                                                30   +        7   +        4           30  
    Term Asset-Backed Securities Loan Facility (6)                593   -      210   -    8,476          558  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,428   -        5   -    5,806        1,412  
  Net portfolio holdings of Maiden Lane II LLC (8)                 61            0   -    9,188           61  
  Net portfolio holdings of Maiden Lane III LLC (9)                22            0   -   17,712           22  
  Net portfolio holdings of TALF LLC (10)                         856            0   +       45          856  
  Float                                                          -644   +      120   +       10         -683  
  Central bank liquidity swaps (11)                             8,889   -    2,660   -   90,934        8,889  
  Other Federal Reserve assets (12)                           219,092   +    2,324   +   66,147      218,201  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (13)                             44,803   +       14   +      610       44,803  
                                                                                                              
Total factors supplying reserve funds                       2,966,249   +    5,509   -   14,231    2,950,688  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 26, 2012 
Federal Reserve Banks                                     Dec 26, 2012 Dec 19, 2012 Dec 28, 2011              

Currency in circulation (13)                                 1,163,598   +    6,846   +   90,009    1,167,122 
Reverse repurchase agreements (14)                             101,360   -    2,822   +   10,517       99,853 
  Foreign official and international accounts                  101,360   -    2,822   +   10,517       99,853 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             148   +        4   +       27          150 
Deposits with F.R. Banks, other than reserve balances          128,932   +   15,031   -   79,871       84,570 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                55,563   +      577   -   43,089       55,679 
  Foreign official                                               6,163   +      156   +    5,985        6,163 
  Service-related                                                    0            0   -    2,488            0 
    Required clearing balances                                       0            0   -    2,488            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         67,206   +   14,298   -   40,278       22,729 
Other liabilities and capital (15)                              68,730   +      188   -    4,259       66,343 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,462,767   +   19,246   +   16,423    1,418,037 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,503,482   -   13,738   -   30,653    1,532,651 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 26, 2012 
                                                          Dec 26, 2012 Dec 19, 2012 Dec 28, 2011              

Securities held in custody for foreign official and       
     international accounts                                  3,236,361   +    6,082   +  186,777    3,238,440 
  Marketable U.S. Treasury securities (1)                    2,887,591   +    9,230   +  278,585    2,891,366 
  Federal agency debt and mortgage-backed securities (2)       312,758   -    3,251   -   93,034      311,053 
  Other securities (3)                                          36,011   +      102   +    1,226       36,020 
Securities lent to dealers                                       8,671   +    2,790   -    7,573        9,346 
  Overnight facility (4)                                         8,671   +    2,790   -    7,573        9,346 
    U.S. Treasury securities                                     7,957   +    2,849   -    7,036        8,629 
    Federal agency debt securities                                 714   -       59   -      537          717 

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, December 26, 2012   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       56            51             0           506             0           ...           613 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                     382             4            16       365,270       866,016       425,241     1,656,930 
  Weekly changes                                 0             0             0    -    7,422    -        2    +    5,502    -    1,921 
Federal agency debt securities (3)                                                                                                     
  Holdings                                     422         3,938        15,202        52,830         2,044         2,347        76,783 
  Weekly changes                        -    2,078    -       13    -      409             0             0             0    -    2,500 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             2             1         2,358       924,197       926,558 
  Weekly changes                                 0             0    -        1             0    +       78    -    6,910    -    6,833 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)             1,742         7,147             0             0             0             0         8,889 
                                                                                                                                       
Reverse repurchase agreements (6)           99,853             0           ...           ...           ...           ...        99,853 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden         
    Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
    statement of condition consistent with consolidation under generally accepted accounting principles.
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which      
    is the remaining principal balance of the underlying mortgages.                                     
5.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 26, 2012  

Mortgage-backed securities held outright (1)                                                                               926,558  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          106,935  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  125  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which      
    is the remaining principal balance of the underlying mortgages.                                     
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8       
    and table 9.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 26, 2012  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,412  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 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
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 26, 2012  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                61  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 26, 2012  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to 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
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 26, 2012  

Asset-backed securities holdings (1)                                                                                             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 York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                          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.                                      




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 26, 2012   Wednesday    Wednesday  
                                                        consolidation                Dec 19, 2012 Dec 28, 2011 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        2,114   -       12   -      192  
  Securities, repurchase agreements, and loans                            2,660,884   -   11,505   +   38,420  
    Securities held outright (1)                                          2,660,271   -   11,254   +   46,889  
      U.S. Treasury securities                                            1,656,930   -    1,921   -   15,162  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,571,252   -    1,914   -    4,332  
        Notes and bonds, inflation-indexed (2)                               74,740            0   +    6,272  
        Inflation compensation (3)                                           10,938   -        7   +    1,321  
      Federal agency debt securities (2)                                     76,783   -    2,500   -   27,211  
      Mortgage-backed securities (4)                                        926,558   -    6,833   +   89,263  
    Repurchase agreements (5)                                                     0            0            0  
    Loans                                                                       613   -      251   -    8,469  
  Net portfolio holdings of Maiden Lane LLC (6)                               1,412   -       19   -    5,816  
  Net portfolio holdings of Maiden Lane II LLC (7)                               61            0   -    9,220  
  Net portfolio holdings of Maiden Lane III LLC (8)                              22            0   -   17,717  
  Net portfolio holdings of TALF LLC (9)                                        856            0   +       45  
  Items in process of collection                                   (0)          146   +       13   -      212  
  Bank premises                                                               2,339   +        2   +      151  
  Central bank liquidity swaps (10)                                           8,889   -    2,660   -   90,934  
  Other assets (11)                                                         215,898   +    1,262   +   65,847  
                                                                                                               
Total assets                                                       (0)    2,908,859   -   12,917   -   19,626  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 26, 2012   Wednesday    Wednesday  
                                                        consolidation                Dec 19, 2012 Dec 28, 2011 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,124,578   +    7,115   +   90,058 
  Reverse repurchase agreements (12)                                          99,853   -    1,111   +   11,179 
  Deposits                                                          (0)    1,617,257   -   17,428   -  114,671 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,532,687   +   49,989   -   36,580 
    U.S. Treasury, General Account                                            55,679   -   19,338   -   35,739 
    Foreign official                                                           6,163   +      163   +    5,785 
    Other                                                           (0)       22,729   -   48,242   -   48,137 
  Deferred availability cash items                                  (0)          829   -      161   -      665 
  Other liabilities and accrued dividends (13)                                11,615   -    1,330   -    6,456 
                                                                                                               
Total liabilities                                                   (0)    2,854,131   -   12,917   -   20,555 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,364            0   +      464 
  Surplus                                                                     27,364            0   +      464 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 54,728            0   +      929 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, December 26, 2012
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         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                                             2,114          38          93          140         144         376         208         310          36          52         165         195         356
  Securities, repurchase agreements,        
     and loans                                 2,660,884      64,614   1,492,050       87,943      67,636     189,350     160,402     147,583      41,591      24,208      53,450     103,365     228,691
    Securities held outright (1)               2,660,271      64,613   1,491,493       87,943      67,636     189,335     160,396     147,580      41,591      24,184      53,446     103,365     228,689
      U.S. Treasury securities                 1,656,930      40,244     928,965       54,774      42,126     117,926      99,901      91,919      25,905      15,063      33,288      64,380     142,437
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,656,930      40,244     928,965       54,774      42,126     117,926      99,901      91,919      25,905      15,063      33,288      64,380     142,437
      Federal agency debt securities (2)          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 securities (4)             926,558      22,504     519,479       30,630      23,557      65,944      55,865      51,401      14,486       8,423      18,615      36,002      79,651
    Repurchase agreements (5)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            613           2         558            0           0          15           6           3           0          23           4           0           3
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (6)                                  1,412           0       1,412            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (7)                                  61           0          61            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)             856           0         856            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     146           0           0            1          11           0         125           0           1           8           0           0           0
  Bank premises                                    2,339         119         450           70         115         230         215         203         130         103         253         239         209
  Central bank liquidity swaps (10)                8,889         312       2,867          771         657       1,839         508         237          73          36          88         142       1,358
  Other assets (11)                              215,898       5,542     114,569        8,521       6,724      18,914      12,969      11,277       3,216       1,888       4,099       7,959      20,221
  Interdistrict settlement account                     0  +   18,358  -   90,812   -   19,688  +    1,895  -   23,924  +   36,886  -    5,090  +      199  +    3,235  -    4,501  +    6,076  +   77,367
                                                                                                                                                                                                         
Total assets                                   2,908,859      89,588   1,527,212       78,406      77,933     188,087     213,304     155,784      45,709      29,811      54,022     118,985     330,019

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, December 26, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,355,835      47,647     477,817      47,750      60,723     103,444     175,867      95,420      37,354      22,400      36,481      95,686     155,246
    Less: Notes held by F.R. Banks               231,257       6,291      93,702       4,594       8,294      11,841      26,209      12,727       3,955       3,189       6,686      28,209      25,560
      Federal Reserve notes, net               1,124,578      41,356     384,115      43,156      52,430      91,603     149,658      82,692      33,399      19,211      29,795      67,477     129,686
  Reverse repurchase agreements (12)              99,853       2,425      55,983       3,301       2,539       7,107       6,020       5,539       1,561         908       2,006       3,880       8,584
  Deposits                                     1,617,257      42,818   1,063,073      27,326      18,315      76,934      53,173      65,411      10,076       9,181      21,441      46,337     183,171
    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                           1,532,687      42,813     978,652      27,310      18,313      76,852      53,163      65,391      10,075       9,181      21,439      46,334     183,164
    U.S. Treasury, General Account                55,679           0      55,679           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,163           1       6,136           3           3           8           2           1           0           0           0           1           6
    Other                                         22,729           4      22,606          13           0          74           7          19           0           0           1           3           1
  Deferred availability cash items                   829           0           0           0          25           0         690           0           0         114           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                         1,157          24         720          25          19          50          71          70          18          11          27          48          74
  Other liabilities and accrued             
     dividends (14)                               10,458         275       5,830         365         337         901         575         511         199         158         200         366         742
                                                                                                                                                                                                        
Total liabilities                              2,854,131      86,898   1,509,721      74,173      73,664     176,595     210,187     154,224      45,253      29,582      53,468     118,108     322,257
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,364       1,345       8,745       2,116       2,134       5,746       1,558         780         228         115         277         439       3,881
  Surplus                                         27,364       1,345       8,745       2,116       2,134       5,746       1,558         780         228         115         277         439       3,881
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  2,908,859      89,588   1,527,212      78,406      77,933     188,087     213,304     155,784      45,709      29,811      54,022     118,985     330,019

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, December 26, 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 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 26, 2012  

Federal Reserve notes outstanding                                                            1,355,835  
  Less: Notes held by F.R. Banks not subject to collateralization                              231,257  
    Federal Reserve notes to be collateralized                                               1,124,578  
Collateral held against Federal Reserve notes                                                1,124,578  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,108,341  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       2,660,271  
  Less: Face value of securities under reverse repurchase agreements                            85,531  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        2,574,740  

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.