FEDERAL RESERVE statistical release

For release at

4:30 P.M. EST

November 15, 2012

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository

Institutions and Condition Statement of Federal Reserve Banks,” has been modified to present

more detail on memorandum items in table 1A.

The line item for U.S. Treasury securities held in custody now excludes securities pledged by the

Federal Reserve as collateral in reverse repurchase agreements conducted with foreign official

and international accounts and includes inflation compensation on Treasury Inflation-Protected

Securities (TIPS), which captures the inflation adjustment to original face value of TIPS over

time. Prior data included securities pledged as collateral against reverse repurchase agreements

with the Federal Reserve and excluded inflation compensation on TIPS. Information on the

amount of foreign official and international reverse repurchase agreements is still presented in

table 1 and included in total reverse repurchase agreements in table 8 and table 9.

The line item for federal agency securities has been revised to report mortgage-backed securities

holdings at current face value, rather than original face value as previously reported. 

Additionally, a line item was added for other securities held in custody by the Federal Reserve;

this item includes non-marketable U.S. Treasury securities, supranationals, corporate bonds,

asset-backed securities, and commercial paper all reported at face value.

Finally, the footnote corresponding to the overnight facility for securities lent to dealers now

notes that these securities are at face value; the underlying data remain the same.

Historical data incorporating these new and revised line items can be accessed through the Data

Download Program (DDP) at

http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 15, 2012

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

Nov 14, 2012 Nov 7, 2012 Nov 16, 2011

Wednesday

Nov 14, 2012

Reserve Bank credit 2,819,338 + 8,507 - 604 2,858,759

Securities held outright1 2,590,100 + 6,248 - 33,959 2,627,755

U.S. Treasury securities 1,650,855 + 960 - 17,893 1,656,833

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,567,957 + 432 - 4,681 1,572,814

Notes and bonds, inflation-indexed2 72,344 + 400 + 4,422 73,344

Inflation compensation3 10,555 + 129 + 789 10,676

Federal agency debt securities2 81,902 0 - 25,717 81,902

Mortgage-backed securities4 857,344 + 5,289 + 9,652 889,020

Repurchase agreements5 0 0 0 0

Loans 1,083 - 89 - 9,437 1,016

Primary credit 13 + 4 + 4 12

Secondary credit 0 0 0 0

Seasonal credit 43 - 5 + 23 39

Term Asset-Backed Securities Loan Facility6 1,028 - 86 - 9,463 966

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,572 0 - 10,730 1,573

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,276 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 18,037 23

Net portfolio holdings of TALF LLC10 855 0 + 61 855

Float -808 - 21 + 350 -1,526

Central bank liquidity swaps11 12,121 - 344 + 9,772 12,121

Other Federal Reserve assets12 214,331 + 2,711 + 70,653 216,882

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,732 + 14 + 578 44,732

Total factors supplying reserve funds 2,880,311 + 8,521 - 26 2,919,732

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

Nov 14, 2012 Nov 7, 2012 Nov 16, 2011

Wednesday

Nov 14, 2012

Currency in circulation13 1,148,640 + 4,166 + 91,032 1,149,364

Reverse repurchase agreements14 94,528 - 1,559 + 846 93,590

Foreign official and international accounts 94,528 - 1,559 + 846 93,590

Others 0 0 0 0

Treasury cash holdings 150 + 3 + 39 143

Deposits with F.R. Banks, other than reserve balances 83,890 + 29,798 + 8,578 93,462

Term deposits held by depository institutions 3,043 + 3,043 + 3,043 3,043

U.S. Treasury, General Account 38,664 + 10,662 + 8,878 26,859

Foreign official 6,108 + 207 + 5,955 6,481

Service-related 0 0 - 2,504 0

Required clearing balances 0 0 - 2,504 0

Adjustments to compensate for float 0 0 0 0

Other 36,074 + 15,884 - 6,794 57,078

Other liabilities and capital15 69,772 + 2,728 - 137 76,390

Total factors, other than reserve balances,

absorbing reserve funds 1,396,979 + 35,134 + 100,358 1,412,950

Reserve balances with Federal Reserve Banks 1,483,331 - 26,614 - 100,385 1,506,782

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

Nov 14, 2012 Nov 7, 2012 Nov 16, 2011

Wednesday

Nov 14, 2012

Securities held in custody for foreign official and international

accounts 3,193,581 - 48 + 105,030 3,192,371

Marketable U.S. Treasury securities1 2,834,797 + 205 + 184,921 2,833,575

Federal agency debt and mortgage-backed securities2 322,507 + 11 - 82,806 322,622

Other securities3 36,277 - 264 + 2,915 36,173

Securities lent to dealers 7,767 + 33 - 3,562 8,584

Overnight facility4 7,767 + 33 - 3,562 8,584

U.S. Treasury securities 7,134 + 60 - 3,045 7,980

Federal agency debt securities 633 - 27 - 517 604

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, November 14, 2012

Millions of dollars

Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 Remaining Maturity days 90 days 1 year to 5 years to 10 years years

All

Loans1 20 282 47 667 0 ... 1,016

U.S. Treasury securities2

Holdings 1 484 16 418,820 836,409 401,103 1,656,833

Weekly changes 0 0 0 + 2,296 - 145 + 3,393 + 5,544

Federal agency debt securities3

Holdings 2,619 4,670 15,533 52,323 4,410 2,347 81,902

Weekly changes 0 + 498 - 498 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 3 1 1,486 887,530 889,020

Weekly changes 0 0 0 0 0 + 36,958 + 36,957

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 3,175 8,946 0 0 0 0 12,121

Reverse repurchase agreements6 93,590 0 ... ... ... ... 93,590

Term deposits 0 3,043 0 ... ... ... 3,043

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 Nov 14, 2012

Mortgage-backed securities held outright1 889,020

Commitments to buy mortgage-backed securities2 100,447

Commitments to sell mortgage-backed securities2 1,200

Cash and cash equivalents3 9

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 Nov 14, 2012

Net portfolio holdings of Maiden Lane LLC1 1,573

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.3 134

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 Nov 14, 2012

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 Nov 14, 2012

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 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 Nov 14, 2012

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 113

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

of the security.

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

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

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

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

debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net

portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest

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

Nov 14, 2012 Nov 7, 2012 Nov 16, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,144 - 9 - 138

Securities, repurchase agreements, and loans 2,628,771 + 42,352 - 7,049

Securities held outright1 2,627,755 + 42,502 + 2,439

U.S. Treasury securities 1,656,833 + 5,544 - 19,003

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,572,814 + 3,926 - 6,904

Notes and bonds, inflation-indexed2 73,344 + 1,400 + 5,422

Inflation compensation3 10,676 + 219 + 902

Federal agency debt securities2 81,902 0 - 25,595

Mortgage-backed securities4 889,020 + 36,957 + 47,037

Repurchase agreements5 0 0 0

Loans 1,016 - 150 - 9,488

Net portfolio holdings of Maiden Lane LLC6 1,573 + 1 - 9,027

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,280

Net portfolio holdings of Maiden Lane III LLC8 23 0 - 17,809

Net portfolio holdings of TALF LLC9 855 0 + 61

Items in process of collection (0) 177 + 48 - 24

Bank premises 2,345 + 2 + 164

Central bank liquidity swaps10 12,121 - 344 + 9,772

Other assets11 214,537 + 4,384 + 77,988

Total assets (0) 2,878,843 + 46,435 + 44,657

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

Nov 14, 2012 Nov 7, 2012 Nov 16, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,106,915 + 2,150 + 90,543

Reverse repurchase agreements12 93,590 + 610 - 3,239

Deposits (0) 1,600,244 + 33,039 - 49,531

Term deposits held by depository institutions 3,043 + 3,043 + 3,043

Other deposits held by depository institutions 1,506,782 - 4,514 - 70,785

U.S. Treasury, General Account 26,859 + 2,889 - 17,923

Foreign official 6,481 + 550 + 6,356

Other (0) 57,078 + 31,070 + 29,776

Deferred availability cash items (0) 1,703 + 663 + 137

Other liabilities and accrued dividends13 21,249 + 9,638 + 3,772

Total liabilities (0) 2,823,702 + 46,100 + 41,682

Capital accounts

Capital paid in 27,570 + 167 + 1,487

Surplus 27,570 + 167 + 1,487

Other capital accounts 0 0 0

Total capital 55,141 + 335 + 2,975

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, November 14, 2012

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 2,144 44 100 148 146 386 200 312 38 52 163 199 356

Securities, repurchase agreements,

and loans 2,628,771 63,823 1,474,228 86,868 66,809 187,023 158,437 145,782 41,082 23,913 52,803 102,106 225,897

Securities held outright1 2,627,755 63,823 1,473,263 86,868 66,809 187,021 158,435 145,776 41,082 23,889 52,793 102,102 225,894

U.S. Treasury securities 1,656,833 40,241 928,911 54,771 42,124 117,919 99,896 91,914 25,903 15,062 33,286 64,377 142,429

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

Notes and bonds3 1,656,833 40,241 928,911 54,771 42,124 117,919 99,896 91,914 25,903 15,062 33,286 64,377 142,429

Federal agency debt securities2 81,902 1,989 45,919 2,708 2,082 5,829 4,938 4,544 1,280 745 1,645 3,182 7,041

Mortgage-backed securities4 889,020 21,593 498,433 29,389 22,603 63,273 53,602 49,319 13,899 8,082 17,861 34,543 76,424

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

Loans 1,016 0 966 0 0 2 2 5 0 24 10 5 3

Net portfolio holdings of Maiden

Lane LLC6 1,573 0 1,573 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 23 0 23 0 0 0 0 0 0 0 0 0 0

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

Items in process of collection 177 0 0 0 18 0 157 0 1 0 0 0 0

Bank premises 2,345 120 453 69 121 230 213 203 130 103 253 239 209

Central bank liquidity swaps10 12,121 425 3,910 1,051 896 2,507 693 323 99 49 121 194 1,852

Other assets11 214,537 5,509 113,794 8,579 6,689 18,855 12,899 11,163 3,184 1,871 4,067 7,810 20,117

Interdistrict settlement account 0 + 4,264 - 62,111 - 18,330 + 6,088 - 26,515 + 34,120 - 8,482 + 1,678 + 3,579 - 3,689 + 437 + 68,962

Total assets 2,878,843 74,789 1,538,527 79,032 81,519 183,788 208,711 150,564 46,676 29,850 54,186 111,992 319,208

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, November 14, 2012 (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 1,328,216 47,074 465,395 47,762 60,883 103,130 177,144 95,259 37,486 22,538 36,350 90,671 144,525

Less: Notes held by F.R. Banks 221,300 5,302 85,903 5,087 8,320 11,643 27,350 13,092 4,280 3,240 5,319 26,109 25,655

Federal Reserve notes, net 1,106,915 41,772 379,492 42,674 52,563 91,487 149,795 82,166 33,205 19,297 31,031 64,562 118,870

Reverse repurchase agreements12 93,590 2,273 52,472 3,094 2,379 6,661 5,643 5,192 1,463 851 1,880 3,636 8,045

Deposits 1,600,244 27,571 1,076,241 28,408 21,725 72,777 47,591 60,632 11,209 9,013 20,332 42,198 182,546

Term deposits held by depository

institutions 3,043 5 1,564 700 0 40 161 57 0 80 101 5 330

Other deposits held by depository

institutions 1,506,782 27,544 984,487 27,696 21,722 72,592 47,421 60,551 11,209 8,933 20,230 42,190 182,209

U.S. Treasury, General Account 26,859 0 26,859 0 0 0 0 0 0 0 0 0 0

Foreign official 6,481 1 6,454 3 3 8 2 1 0 0 0 1 6

Other 57,078 21 56,878 8 0 137 7 22 0 0 1 2 1

Deferred availability cash items 1,703 0 0 0 29 0 1,459 0 0 215 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,470 46 900 51 40 -15 97 96 25 15 28 62 125

Other liabilities and accrued

dividends14 19,779 448 11,951 600 514 1,384 1,015 920 321 230 359 658 1,381

Total liabilities 2,823,702 72,111 1,521,057 74,826 77,250 172,295 205,599 149,005 46,223 29,621 53,631 111,116 310,968

Capital

Capital paid in 27,570 1,339 8,735 2,103 2,135 5,747 1,556 779 226 115 278 438 4,120

Surplus 27,570 1,339 8,735 2,103 2,135 5,747 1,556 779 226 115 278 438 4,120

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

Total liabilities and capital 2,878,843 74,789 1,538,527 79,032 81,519 183,788 208,711 150,564 46,676 29,850 54,186 111,992 319,208

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, November 14, 2012 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Note on consolidation:

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

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

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

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

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

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

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

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

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

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

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

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

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 14, 2012

Federal Reserve notes outstanding 1,328,216

Less: Notes held by F.R. Banks not subject to collateralization 221,300

Federal Reserve notes to be collateralized 1,106,915

Collateral held against Federal Reserve notes 1,106,915

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,090,679

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,627,755

Less: Face value of securities under reverse repurchase agreements 79,650

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,548,105

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.