FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 25, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Oct 24, 2012 Week ended

Oct 24, 2012

Change from week ended

Oct 17, 2012 Oct 26, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,829,091 + 9,116 - 3,725 2,823,432

Securities held outright1 2,603,247 + 8,028 - 33,497 2,597,339

U.S. Treasury securities 1,652,282 + 2,157 - 18,625 1,646,524

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,569,377 + 2,401 - 5,783 1,564,312

Notes and bonds, inflation-indexed2 72,566 - 289 + 4,970 71,944

Inflation compensation3 10,339 + 45 + 610 10,269

Federal agency debt securities2 82,746 0 - 24,922 82,746

Mortgage-backed securities4 868,219 + 5,870 + 10,050 868,069

Repurchase agreements5 0 0 0 0

Loans 1,409 - 87 - 9,687 1,312

Primary credit 4 - 8 0 4

Secondary credit 0 0 0 0

Seasonal credit 48 - 13 + 10 46

Term Asset-Backed Securities Loan Facility6 1,357 - 66 - 9,696 1,262

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,555 - 152 - 11,538 1,559

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,742 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 20,393 23

Net portfolio holdings of TALF LLC10 854 + 1 + 61 855

Float -560 + 162 + 456 -577

Central bank liquidity swaps11 12,177 - 700 + 10,324 12,177

Other Federal Reserve assets12 210,325 + 1,864 + 70,290 210,683

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,741 + 14 + 623 44,741

Total factors supplying reserve funds 2,890,073 + 9,130 - 3,103 2,884,414

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

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

Millions of dollars

Averages of daily figures Wednesday

Oct 24, 2012 Week ended

Oct 24, 2012

Change from week ended

Oct 17, 2012 Oct 26, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,134,395 - 1,243 + 92,549 1,135,281

Reverse repurchase agreements14 94,436 - 2,780 + 14,040 91,709

Foreign official and international accounts 94,436 - 2,780 + 14,040 91,709

Others 0 0 0 0

Treasury cash holdings 135 + 3 - 7 142

Deposits with F.R. Banks, other than reserve balances 115,751 + 20,913 - 15,644 157,449

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 62,738 + 4,265 - 1,631 52,847

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

Foreign official 4,983 - 588 + 4,854 4,862

Service-related 0 0 - 2,509 0

Required clearing balances 0 0 - 2,509 0

Adjustments to compensate for float 0 0 0 0

Other 48,030 + 17,236 - 16,358 99,739

Other liabilities and capital15 68,005 - 2,019 - 3,076 66,591

Total factors, other than reserve balances,

absorbing reserve funds 1,412,723 + 14,875 + 87,864 1,451,172

Reserve balances with Federal Reserve Banks 1,477,350 - 5,745 - 90,967 1,433,241

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

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

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

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

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

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

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

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

11.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

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

foreign central bank.

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

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

13.Estimated.

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

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Oct 24, 2012 Week ended

Oct 24, 2012

Change from week ended

Oct 17, 2012 Oct 26, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,609,200 + 5,902 + 211,946 3,601,053

U.S. Treasury securities 2,912,439 + 6,619 + 237,311 2,904,259

Federal agency securities2 696,761 - 718 - 25,365 696,794

Securities lent to dealers 7,884 + 1,421 - 4,836 6,477

Overnight facility3 7,884 + 1,421 - 4,836 6,477

U.S. Treasury securities 7,260 + 1,314 - 4,486 5,910

Federal agency debt securities 624 + 107 - 350 567

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

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

face value.

2. Includes debt and mortgage-backed securities.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 24, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 59 334 112 807 0 ... 1,312

U.S. Treasury securities2

Holdings 1 484 17 429,960 823,944 392,119 1,646,524

Weekly changes 0 0 0 - 16,434 + 26 + 3,849 - 12,560

Federal agency debt securities3

Holdings 844 6,791 16,031 52,323 4,410 2,347 82,746

Weekly changes 0 + 107 + 978 - 1,085 0 0 0

Mortgage-backed securities4

Holdings 0 0 4 2 1,472 866,592 868,069

Weekly changes 0 0 0 0 + 8 + 5,757 + 5,765

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 7,351 4,825 0 0 0 0 12,177

Reverse repurchase agreements6 91,709 0 ... ... ... ... 91,709

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

Oct 24, 2012 Account name

Mortgage-backed securities held outright1 868,069

Commitments to buy mortgage-backed securities2 92,145

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Oct 24, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,559

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.3 133

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

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

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

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

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

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

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

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

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Oct 24, 2012 Account name

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

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

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

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

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

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

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

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Oct 24, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 23

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Oct 24, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 855

Net portfolio holdings of TALF LLC 855

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

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

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

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

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the

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

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 24, 2012

Change since

Wednesday

Oct 17, 2012

Wednesday

Oct 26, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,167 - 5 - 179

Securities, repurchase agreements, and loans 2,598,652 - 6,957 - 47,292

Securities held outright1 2,597,339 - 6,795 - 37,602

U.S. Treasury securities 1,646,524 - 12,560 - 31,488

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,564,312 - 11,384 - 17,935

Notes and bonds, inflation-indexed2 71,944 - 1,090 + 4,348

Inflation compensation3 10,269 - 85 + 522

Federal agency debt securities2 82,746 0 - 24,922

Mortgage-backed securities4 868,069 + 5,765 + 18,808

Repurchase agreements5 0 0 0

Loans 1,312 - 163 - 9,692

Net portfolio holdings of Maiden Lane LLC6 1,559 + 5 - 11,370

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,411

Net portfolio holdings of Maiden Lane III LLC8 23 0 - 17,992

Net portfolio holdings of TALF LLC9 855 + 2 + 61

Items in process of collection (89) 203 + 64 - 126

Bank premises 2,350 + 3 + 164

Central bank liquidity swaps10 12,177 - 700 + 10,324

Other assets11 208,333 + 1,623 + 70,063

Total assets (89) 2,842,615 - 5,967 - 5,760

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 24, 2012

Change since

Wednesday

Oct 17, 2012

Wednesday

Oct 26, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,092,845 - 996 + 91,271

Reverse repurchase agreements12 91,709 - 9,598 + 10,393

Deposits (0) 1,590,690 + 5,141 - 106,311

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,433,241 - 73,008 - 154,801

U.S. Treasury, General Account 52,847 - 15,753 - 2,340

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

Foreign official 4,862 - 699 + 4,730

Other (0) 99,739 + 94,600 + 46,099

Deferred availability cash items (89) 780 - 61 - 337

Other liabilities and accrued dividends13 11,842 - 463 - 3,469

Total liabilities (89) 2,787,866 - 5,977 - 8,453

Capital accounts

Capital paid in 27,374 + 5 + 1,346

Surplus 27,374 + 5 + 1,346

Other capital accounts 0 0 0

Total capital 54,748 + 10 + 2,691

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

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

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

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

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

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

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

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

10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

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

central bank.

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

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

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

13.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 24, 2012Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,167 51 109 149 147 383 204 314 35 Securities, repurchase agreements,

and loans 2,598,652 63,084 1,457,472 85,862 66,036 184,856 156,613 144,091 40,607 

Securities held outright1 2,597,339 63,084 1,456,210 85,862 66,036 184,856 156,602 144,089 40,607 

U.S. Treasury securities 1,646,524 39,991 923,131 54,431 41,862 117,185 99,274 91,342 25,742 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,646,524 39,991 923,131 54,431 41,862 117,185 99,274 91,342 25,742 

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

Mortgage-backed securities4 868,069 21,084 486,687 28,696 22,070 61,782 52,339 48,157 13,571 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 1,312 0 1,262 0 0 0 11 2 1 

Net portfolio holdings of Maiden

Lane LLC6 1,559 0 1,559 0 0 0 0 0 0 

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

Net portfolio holdings of TALF LLC9 855 0 855 0 0 0 0 0 0 

Items in process of collection 291 1 0 40 23 4 189 5 3 Bank premises 2,350 121 455 69 122 229 214 203 130 Central bank liquidity swaps10 12,177 427 3,928 1,056 900 2,519 696 325 100 Other assets11 208,333 5,366 110,286 8,273 6,549 18,448 12,514 10,808 3,105 Interdistrict settlement account 0 + 5,776 - 12,148 - 13,674 - 287 - 38,226 + 27,692 - 13,363 + 848 + 

Total assets 2,842,703 75,430 1,568,240 82,422 74,242 169,515 200,113 143,646 45,290 

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

9. Statement of Condition of Each Federal Reserve Bank, October 24, 2012 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,319,271 46,929 460,938 47,659 60,919 101,689 177,720 94,335 37,534 

Less: Notes held by F.R. Banks 226,426 5,609 85,794 5,832 8,738 12,864 28,171 13,784 4,694 

Federal Reserve notes, net 1,092,845 41,320 375,144 41,827 52,180 88,825 149,548 80,551 32,840 

Reverse repurchase agreements12 91,709 2,227 51,417 3,032 2,332 6,527 5,529 5,088 1,434 

Deposits 1,590,690 28,883 1,117,459 32,905 15,093 62,094 41,103 55,829 10,316 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,433,241 28,877 960,250 32,896 15,090 61,917 41,092 55,808 10,316 

U.S. Treasury, General Account 52,847 0 52,847 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 4,862 1 4,835 3 3 8 2 1 0 Other 99,739 4 99,527 6 0 169 8 21 0 

Deferred availability cash items 868 27 0 78 43 17 186 19 21 Interest on Federal Reserve notes due

to U.S. Treasury13 2,007 47 1,231 43 31 88 115 123 32 

Other liabilities and accrued

dividends14 9,836 254 5,530 331 308 798 544 486 196 

Total liabilities 2,787,955 72,757 1,550,781 78,216 69,987 158,349 197,025 142,095 44,838 Capital

Capital paid in 27,374 1,336 8,730 2,103 2,127 5,583 1,544 775 226 Surplus 27,374 1,336 8,730 2,103 2,127 5,583 1,544 775 226 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,842,703 75,430 1,568,240 82,422 74,242 169,515 200,113 143,646 45,290 

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

9. Statement of Condition of Each Federal Reserve Bank, October 24, 2012 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

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

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

12.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.13.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

14.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

Oct 24, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,319,271

Less: Notes held by F.R. Banks not subject to collateralization 226,426

Federal Reserve notes to be collateralized 1,092,845

Collateral held against Federal Reserve notes 1,092,845

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,076,608

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,597,339

Less: Face value of securities under reverse repurchase agreements 78,603

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,518,736

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.