FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks March 14, 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 13, 2013 Mar 6, 2013 Mar 14, 2012

Wednesday

Mar 13, 2013

Reserve Bank credit 3,110,142 + 25,303 + 238,537 3,147,468

Securities held outright1 2,869,306 + 22,673 + 260,797 2,904,443

U.S. Treasury securities 1,767,057 + 9,951 + 104,521 1,769,987

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,678,795 + 9,670 + 111,157 1,680,366

Notes and bonds, inflation-indexed2 77,696 + 197 + 10,138 78,879

Inflation compensation3 10,567 + 85 + 1,650 10,742

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

Mortgage-backed securities4 1,028,660 + 12,721 + 182,490 1,060,869

Repurchase agreements5 0 0 0 0

Loans 392 - 17 - 7,030 397

Primary credit 6 - 15 - 13 11

Secondary credit 0 0 0 0

Seasonal credit 0 0 - 4 0

Term Asset-Backed Securities Loan Facility6 386 - 2 - 7,013 386

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,395 - 4 - 4,902 1,402

Net portfolio holdings of Maiden Lane II LLC8 62 + 1 - 3,573 64

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,657 22

Net portfolio holdings of TALF LLC10 399 - 93 - 426 399

Float -590 + 158 + 300 -645

Central bank liquidity swaps11 7,988 - 355 - 56,885 7,988

Other Federal Reserve assets12 231,168 + 2,940 + 67,914 233,397

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,891 + 14 + 517 44,891

Total factors supplying reserve funds 3,171,274 + 25,317 + 239,054 3,208,600

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 13, 2013 Mar 6, 2013 Mar 14, 2012

Wednesday

Mar 13, 2013

Currency in circulation13 1,174,938 + 2,326 + 79,704 1,175,819

Reverse repurchase agreements14 91,305 - 2,525 + 2,794 92,190

Foreign official and international accounts 91,305 - 2,525 + 3,591 92,190

Others 0 0 - 797 0

Treasury cash holdings 225 + 6 + 59 222

Deposits with F.R. Banks, other than reserve balances 75,734 + 11,461 - 17,644 69,450

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 43,000 + 6,207 + 1,184 28,448

Foreign official 7,602 - 1,034 + 7,475 7,600

Service-related 0 0 - 1,952 0

Required clearing balances 0 0 - 1,952 0

Adjustments to compensate for float 0 0 0 0

Other 25,132 + 6,288 - 24,351 33,403

Other liabilities and capital15 68,117 + 1,161 - 7,421 68,330

Total factors, other than reserve balances,

absorbing reserve funds 1,410,319 + 12,429 + 57,493 1,406,011

Reserve balances with Federal Reserve Banks 1,760,956 + 12,889 + 181,562 1,802,589

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 13, 2013 Mar 6, 2013 Mar 14, 2012

Wednesday

Mar 13, 2013

Securities held in custody for foreign official and international

accounts 3,291,173 - 3,942 + 203,040 3,290,865

Marketable U.S. Treasury securities1 2,956,027 - 4,521 + 304,696 2,955,260

Federal agency debt and mortgage-backed securities2 296,831 + 34 - 102,181 297,347

Other securities3 38,314 + 545 + 525 38,259

Securities lent to dealers 14,962 - 3,755 - 5,849 12,751

Overnight facility4 14,962 - 3,755 - 5,849 12,751

U.S. Treasury securities 14,028 - 3,663 - 5,923 11,891

Federal agency debt securities 934 - 92 + 74 860

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 13, 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 11 0 0 386 0 ... 397

U.S. Treasury securities2

Holdings 0 5 308 438,304 880,024 451,345 1,769,987

Weekly changes 0 0 0 + 8 + 3,689 + 4,526 + 8,224

Federal agency debt securities3

Holdings 1,165 1,533 23,547 42,952 2,044 2,347 73,588

Weekly changes 0 0 + 4,068 - 4,068 0 0 0

Mortgage-backed securities4

Holdings 0 0 1 1 2,566 1,058,301 1,060,869

Weekly changes 0 0 0 0 + 14 + 44,913 + 44,926

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 888 7,100 0 0 0 0 7,988

Reverse repurchase agreements6 92,190 0 ... ... ... ... 92,190

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 13, 2013

Mortgage-backed securities held outright1 1,060,869

Commitments to buy mortgage-backed securities2 98,518

Commitments to sell mortgage-backed securities2 400

Cash and cash equivalents3 32

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 13, 2013

Net portfolio holdings of Maiden Lane LLC1 1,402

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 13, 2013

Net portfolio holdings of Maiden Lane II LLC1 64

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 13, 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 13, 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 13, 2013 Mar 6, 2013 Mar 14, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,149 - 17 - 193

Securities, repurchase agreements, and loans 2,904,841 + 53,146 + 284,004

Securities held outright1 2,904,443 + 53,149 + 290,987

U.S. Treasury securities 1,769,987 + 8,224 + 110,219

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,680,366 + 6,605 + 115,524

Notes and bonds, inflation-indexed2 78,879 + 1,380 + 11,321

Inflation compensation3 10,742 + 238 + 1,797

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

Mortgage-backed securities4 1,060,869 + 44,926 + 206,984

Repurchase agreements5 0 0 0

Loans 397 - 3 - 6,984

Net portfolio holdings of Maiden Lane LLC6 1,402 + 8 - 3,960

Net portfolio holdings of Maiden Lane II LLC7 64 + 2 - 3,571

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,412

Net portfolio holdings of TALF LLC9 399 0 - 426

Items in process of collection (0) 574 - 60 + 348

Bank premises 2,302 + 2 - 82

Central bank liquidity swaps10 7,988 - 355 - 56,885

Other assets11 231,095 + 3,904 + 69,402

Total assets (0) 3,167,073 + 56,630 + 271,224

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 13, 2013 Mar 6, 2013 Mar 14, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,133,295 + 643 + 78,145

Reverse repurchase agreements12 92,190 - 1,277 - 7,060

Deposits (0) 1,872,039 + 55,919 + 206,363

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,802,589 + 57,279 + 236,394

U.S. Treasury, General Account 28,448 - 20,512 - 16,972

Foreign official 7,600 - 1,035 + 7,473

Other (0) 33,403 + 20,188 - 20,531

Deferred availability cash items (0) 1,219 - 280 - 178

Other liabilities and accrued dividends13 13,239 + 1,548 - 6,688

Total liabilities (0) 3,111,982 + 56,553 + 270,583

Capital accounts

Capital paid in 27,546 + 39 + 321

Surplus 27,546 + 39 + 321

Other capital accounts 0 0 0

Total capital 55,091 + 77 + 641

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 13, 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 2,149 42 106 138 157 384 193 314 34 53 166 199 365

Securities, repurchase agreements,

and loans 2,904,841 70,543 1,628,776 96,015 73,844 206,713 175,118 161,126 45,408 26,404 58,353 112,862 249,680

Securities held outright1 2,904,443 70,543 1,628,389 96,015 73,844 206,713 175,118 161,126 45,408 26,404 58,352 112,853 249,679

U.S. Treasury securities 1,769,987 42,990 992,351 58,512 45,001 125,972 106,718 98,191 27,672 16,091 35,560 68,773 152,156

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

Notes and bonds3 1,769,987 42,990 992,351 58,512 45,001 125,972 106,718 98,191 27,672 16,091 35,560 68,773 152,156

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 1,060,869 25,767 594,781 35,070 26,972 75,504 63,963 58,852 16,586 9,644 21,313 41,220 91,197

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

Loans 397 0 387 0 0 0 0 0 0 0 1 9 1

Net portfolio holdings of Maiden

Lane LLC6 1,402 0 1,402 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC7 64 0 64 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 574 0 0 0 0 0 573 0 0 0 0 0 0

Bank premises 2,302 117 428 71 114 229 214 201 130 102 251 237 207

Central bank liquidity swaps10 7,988 393 2,553 618 623 1,678 455 228 67 33 81 127 1,133

Other assets11 231,095 6,237 123,400 8,725 7,134 19,914 13,899 12,176 3,472 2,036 4,422 8,498 21,183

Interdistrict settlement account 0 - 4,245 + 12,048 - 10,462 + 801 - 58,411 + 13,543 - 21,644 + 392 - 325 - 9,352 - 13,164 + 90,819

Total assets 3,167,073 73,692 1,774,840 95,753 83,425 171,808 205,984 153,665 49,965 28,586 54,388 109,765 365,203

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 13, 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 1,395,777 47,201 516,741 46,896 61,400 102,905 175,163 94,465 37,045 23,650 37,747 97,257 155,306

Less: Notes held by F.R. Banks 262,482 10,318 98,435 4,503 9,247 11,283 30,185 14,484 3,384 6,448 9,426 39,392 25,377

Federal Reserve notes, net 1,133,295 36,884 418,305 42,393 52,153 91,621 144,978 79,982 33,661 17,202 28,322 57,864 129,930

Reverse repurchase agreements12 92,190 2,239 51,686 3,048 2,344 6,561 5,558 5,114 1,441 838 1,852 3,582 7,925

Deposits 1,872,039 31,552 1,279,622 45,629 24,290 61,160 50,491 66,322 14,153 9,984 23,397 46,946 218,492

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 1,802,589 31,534 1,210,379 45,596 24,287 61,068 50,482 66,294 14,152 9,983 23,396 46,941 218,478

U.S. Treasury, General Account 28,448 0 28,448 0 0 0 0 0 0 0 0 0 0

Foreign official 7,600 2 7,572 3 3 8 2 1 0 0 0 1 6

Other 33,403 15 33,223 31 0 84 7 27 0 0 1 5 9

Deferred availability cash items 1,219 0 0 0 0 0 1,078 0 0 141 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,317 23 856 2 17 43 80 82 19 11 26 57 101

Other liabilities and accrued

dividends14 11,921 299 6,843 390 344 916 664 595 228 176 235 432 799

Total liabilities 3,111,982 70,997 1,757,313 91,463 79,148 160,302 202,849 152,096 49,502 28,352 53,832 108,882 357,247

Capital

Capital paid in 27,546 1,348 8,763 2,145 2,138 5,753 1,567 785 232 117 278 441 3,978

Surplus 27,546 1,348 8,763 2,145 2,138 5,753 1,567 785 232 117 278 441 3,978

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

Total liabilities and capital 3,167,073 73,692 1,774,840 95,753 83,425 171,808 205,984 153,665 49,965 28,586 54,388 109,765 365,203

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 13, 2013 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. 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 13, 2013

Federal Reserve notes outstanding 1,395,777

Less: Notes held by F.R. Banks not subject to collateralization 262,482

Federal Reserve notes to be collateralized 1,133,295

Collateral held against Federal Reserve notes 1,133,295

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,117,058

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,904,443

Less: Face value of securities under reverse repurchase agreements 82,723

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,821,721

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.