FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 17, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jan 16, 2013 Jan 9, 2013 Jan 18, 2012

Wednesday

Jan 16, 2013

Reserve Bank credit 2,929,676 + 24,071 + 26,018 2,946,215

Securities held outright1 2,696,582 + 21,775 + 94,395 2,711,605

U.S. Treasury securities 1,683,442 + 12,061 + 36,163 1,688,886

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,597,946 + 12,153 + 47,060 1,603,423

Notes and bonds, inflation-indexed2 74,740 0 + 6,258 74,740

Inflation compensation3 10,757 - 91 + 1,269 10,723

Federal agency debt securities2 76,019 - 704 - 26,011 75,111

Mortgage-backed securities4 937,121 + 10,418 + 84,243 947,608

Repurchase agreements5 0 0 0 0

Loans 567 + 2 - 8,031 573

Primary credit 9 + 2 + 5 15

Secondary credit 0 0 0 0

Seasonal credit 3 0 + 1 3

Term Asset-Backed Securities Loan Facility6 556 0 - 8,036 556

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,414 + 1 - 5,757 1,416

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,085 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,776 22

Net portfolio holdings of TALF LLC10 856 0 + 45 856

Float -675 + 191 + 241 -635

Central bank liquidity swaps11 8,070 - 921 - 95,196 8,070

Other Federal Reserve assets12 222,778 + 3,024 + 67,181 224,247

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,845 + 14 + 629 44,845

Total factors supplying reserve funds 2,990,762 + 24,085 + 26,647 3,007,301

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

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

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jan 16, 2013 Jan 9, 2013 Jan 18, 2012

Wednesday

Jan 16, 2013

Currency in circulation13 1,156,326 - 8,094 + 88,427 1,155,341

Reverse repurchase agreements14 93,029 - 6,453 + 8,602 90,644

Foreign official and international accounts 93,029 - 6,453 + 8,602 90,644

Others 0 0 0 0

Treasury cash holdings 168 + 12 + 31 174

Deposits with F.R. Banks, other than reserve balances 88,269 - 6,353 - 58,098 89,621

Term deposits held by depository institutions 0 0 - 3,079 0

U.S. Treasury, General Account 54,020 - 5,624 - 24,049 77,177

Foreign official 6,770 + 305 + 6,618 7,149

Service-related 0 0 - 1,980 0

Required clearing balances 0 0 - 1,980 0

Adjustments to compensate for float 0 0 0 0

Other 27,479 - 1,035 - 35,610 5,295

Other liabilities and capital15 68,022 + 3,050 - 3,885 67,234

Total factors, other than reserve balances,

absorbing reserve funds 1,405,814 - 17,838 + 35,077 1,403,016

Reserve balances with Federal Reserve Banks 1,584,948 + 41,924 - 8,430 1,604,286

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

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

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

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

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

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

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

foreign central bank.

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

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

13. Estimated.

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

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

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

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

table 9.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jan 16, 2013 Jan 9, 2013 Jan 18, 2012

Wednesday

Jan 16, 2013

Securities held in custody for foreign official and international

accounts 3,258,596 + 11,414 + 233,841 3,259,432

Marketable U.S. Treasury securities1 2,914,294 + 13,470 + 322,713 2,916,872

Federal agency debt and mortgage-backed securities2 308,506 - 1,920 - 89,876 306,744

Other securities3 35,796 - 136 + 1,003 35,816

Securities lent to dealers 7,613 + 390 - 2,960 5,898

Overnight facility4 7,613 + 390 - 2,960 5,898

U.S. Treasury securities 7,016 + 485 - 2,634 5,301

Federal agency debt securities 597 - 95 - 326 597

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

underlying mortgages.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 16, 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 20 47 0 506 0 ... 573

U.S. Treasury securities2

Holdings 1 4 15 386,821 871,522 430,521 1,688,886

Weekly changes + 1 - 1 - 1 + 3,259 + 5,433 + 3,886 + 12,579

Federal agency debt securities3

Holdings 0 3,058 17,142 50,520 2,044 2,347 75,111

Weekly changes - 1,250 0 + 746 - 746 0 0 - 1,250

Mortgage-backed securities4

Holdings 0 0 2 1 2,376 945,229 947,608

Weekly changes 0 0 0 0 - 3 + 20,900 + 20,896

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 4,180 3,890 0 0 0 0 8,070

Reverse repurchase agreements6 90,644 0 ... ... ... ... 90,644

Term deposits 0 0 0 ... ... ... 0

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

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jan 16, 2013

Mortgage-backed securities held outright1 947,608

Commitments to buy mortgage-backed securities2 121,880

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 571

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jan 16, 2013

Net portfolio holdings of Maiden Lane LLC1 1,416

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Jan 16, 2013

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Jan 16, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

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

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

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

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

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

table 8 and table 9.

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

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

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

purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Jan 16, 2013

Asset-backed securities holdings1 0

Other investments, net 856

Net portfolio holdings of TALF LLC 856

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 113

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

of the security.

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

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

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

following order: by the commitment fees collected by TALF LLC 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

Jan 16, 2013 Jan 9, 2013 Jan 18, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,152 + 32 - 218

Securities, repurchase agreements, and loans 2,712,178 + 32,239 + 103,144

Securities held outright1 2,711,605 + 32,225 + 111,167

U.S. Treasury securities 1,688,886 + 12,579 + 37,380

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,603,423 + 12,671 + 48,223

Notes and bonds, inflation-indexed2 74,740 0 + 6,322

Inflation compensation3 10,723 - 92 + 1,257

Federal agency debt securities2 75,111 - 1,250 - 26,387

Mortgage-backed securities4 947,608 + 20,896 + 100,174

Repurchase agreements5 0 0 0

Loans 573 + 14 - 8,023

Net portfolio holdings of Maiden Lane LLC6 1,416 + 2 - 5,594

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,089

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,611

Net portfolio holdings of TALF LLC9 856 0 + 45

Items in process of collection (0) 173 + 21 - 218

Bank premises 2,332 0 + 150

Central bank liquidity swaps10 8,070 - 921 - 95,196

Other assets11 221,915 + 3,713 + 68,247

Total assets (0) 2,965,412 + 35,087 + 43,661

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

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

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jan 16, 2013 Jan 9, 2013 Jan 18, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,112,818 - 5,527 + 86,696

Reverse repurchase agreements12 90,644 - 4,323 - 449

Deposits (0) 1,693,907 + 43,300 - 37,244

Term deposits held by depository institutions 0 0 - 3,079

Other deposits held by depository institutions 1,604,286 + 38,784 + 58,827

U.S. Treasury, General Account 77,177 + 29,839 - 31,026

Foreign official 7,149 + 684 + 7,023

Other (0) 5,295 - 26,006 - 68,990

Deferred availability cash items (0) 808 - 118 - 1,159

Other liabilities and accrued dividends13 12,509 + 1,750 - 5,108

Total liabilities (0) 2,910,687 + 35,084 + 42,737

Capital accounts

Capital paid in 27,363 + 2 + 462

Surplus 27,363 + 2 + 462

Other capital accounts 0 0 0

Total capital 54,725 + 3 + 924

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

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

central bank.

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

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, January 16, 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 2,152 40 94 142 149 379 212 319 37 52 167 205 355

Securities, repurchase agreements,

and loans 2,712,178 65,860 1,520,829 89,640 68,944 192,989 163,491 150,432 42,394 24,651 54,480 105,360 233,109

Securities held outright1 2,711,605 65,860 1,520,273 89,640 68,941 192,989 163,491 150,428 42,393 24,651 54,477 105,360 233,102

U.S. Treasury securities 1,688,886 41,020 946,881 55,831 42,939 120,200 101,828 93,692 26,404 15,354 33,930 65,622 145,184

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

Notes and bonds3 1,688,886 41,020 946,881 55,831 42,939 120,200 101,828 93,692 26,404 15,354 33,930 65,622 145,184

Federal agency debt securities2 75,111 1,824 42,111 2,483 1,910 5,346 4,529 4,167 1,174 683 1,509 2,918 6,457

Mortgage-backed securities4 947,608 23,016 531,281 31,326 24,092 67,443 57,134 52,569 14,815 8,615 19,038 36,819 81,461

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

Loans 573 0 556 0 3 0 0 3 1 0 3 0 7

Net portfolio holdings of Maiden

Lane LLC6 1,416 0 1,416 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

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

Net portfolio holdings of Maiden

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

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

Items in process of collection 173 0 0 0 0 0 172 0 0 0 0 0 0

Bank premises 2,332 119 448 70 115 229 215 202 131 103 252 239 209

Central bank liquidity swaps10 8,070 283 2,603 700 597 1,669 461 215 66 33 80 129 1,233

Other assets11 221,915 5,693 118,072 8,683 6,867 19,332 13,329 11,583 3,321 1,943 4,220 8,141 20,730

Interdistrict settlement account 0 + 9,331 - 27,953 - 13,717 - 4,801 - 47,292 + 26,173 - 12,661 + 639 + 2,868 - 6,025 - 526 + 73,965

Total assets 2,965,412 81,930 1,622,091 86,165 72,622 168,609 206,044 151,354 47,052 29,932 53,643 114,555 331,416

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

9. Statement of Condition of Each Federal Reserve Bank, January 16, 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 1,361,350 47,641 483,167 47,634 61,260 103,613 175,114 95,371 37,355 22,404 37,441 95,948 154,402

Less: Notes held by F.R. Banks 248,532 7,543 95,577 4,903 9,723 12,632 29,601 14,158 4,315 3,422 8,157 30,476 28,025

Federal Reserve notes, net 1,112,818 40,098 387,590 42,731 51,537 90,981 145,513 81,213 33,041 18,982 29,284 65,471 126,377

Reverse repurchase agreements12 90,644 2,202 50,820 2,997 2,305 6,451 5,465 5,029 1,417 824 1,821 3,522 7,792

Deposits 1,693,907 36,646 1,158,691 35,829 14,179 58,787 50,587 62,948 11,917 9,628 21,751 44,263 188,680

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 1,604,286 36,644 1,069,182 35,817 14,176 58,744 50,577 62,920 11,916 9,627 21,750 44,258 188,673

U.S. Treasury, General Account 77,177 0 77,177 0 0 0 0 0 0 0 0 0 0

Foreign official 7,149 1 7,122 3 3 8 2 1 0 0 0 1 6

Other 5,295 0 5,210 8 0 35 7 27 0 0 1 5 1

Deferred availability cash items 808 0 0 0 0 0 703 0 0 105 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,220 29 693 43 31 89 73 63 17 8 23 46 105

Other liabilities and accrued

dividends14 11,289 265 6,805 333 301 808 585 539 203 155 209 385 701

Total liabilities 2,910,687 79,240 1,604,600 81,932 68,353 157,117 202,927 149,792 46,595 29,701 53,088 113,687 323,655

Capital

Capital paid in 27,363 1,345 8,745 2,116 2,134 5,746 1,559 781 228 116 277 434 3,880

Surplus 27,363 1,345 8,745 2,116 2,134 5,746 1,559 781 228 116 277 434 3,880

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

Total liabilities and capital 2,965,412 81,930 1,622,091 86,165 72,622 168,609 206,044 151,354 47,052 29,932 53,643 114,555 331,416

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

9. Statement of Condition of Each Federal Reserve Bank, January 16, 2013 (continued)

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

2. Face value of the securities.

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

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

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

6. Refer to table 4 and the note on consolidation below.

7. Refer to table 5 and the note on consolidation below.

8. Refer to table 6 and the note on consolidation below.

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

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

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

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

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

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

13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

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

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

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jan 16, 2013

Federal Reserve notes outstanding 1,361,350

Less: Notes held by F.R. Banks not subject to collateralization 248,532

Federal Reserve notes to be collateralized 1,112,818

Collateral held against Federal Reserve notes 1,112,818

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,096,581

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,711,605

Less: Face value of securities under reverse repurchase agreements 77,859

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,633,745

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.