FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 24, 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 23, 2013 Jan 16, 2013 Jan 25, 2012

Wednesday

Jan 23, 2013

Reserve Bank credit 2,975,640 + 45,964 + 70,466 2,993,726

Securities held outright1 2,738,078 + 41,496 + 136,287 2,754,976

U.S. Treasury securities 1,693,835 + 10,393 + 39,920 1,696,691

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,608,222 + 10,276 + 50,604 1,609,819

Notes and bonds, inflation-indexed2 74,938 + 198 + 6,520 76,130

Inflation compensation3 10,675 - 82 + 1,219 10,742

Federal agency debt securities2 75,111 - 908 - 26,387 75,111

Mortgage-backed securities4 969,132 + 32,011 + 122,755 983,174

Repurchase agreements5 466 + 466 + 466 0

Loans 562 - 5 - 7,873 567

Primary credit 5 - 4 0 13

Secondary credit 0 0 0 0

Seasonal credit 3 0 - 3 3

Term Asset-Backed Securities Loan Facility6 554 - 2 - 7,869 550

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,417 + 3 - 5,584 1,417

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,140 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,623 22

Net portfolio holdings of TALF LLC10 856 0 + 42 857

Float -609 + 66 + 197 -921

Central bank liquidity swaps11 8,071 + 1 - 95,138 8,071

Other Federal Reserve assets12 226,715 + 3,937 + 68,830 228,676

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,859 + 14 + 634 44,859

Total factors supplying reserve funds 3,036,740 + 45,978 + 71,100 3,054,826

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 23, 2013 Jan 16, 2013 Jan 25, 2012

Wednesday

Jan 23, 2013

Currency in circulation13 1,156,085 - 241 + 90,595 1,156,390

Reverse repurchase agreements14 92,406 - 623 + 906 89,893

Foreign official and international accounts 92,406 - 623 + 906 89,893

Others 0 0 0 0

Treasury cash holdings 176 + 8 + 31 183

Deposits with F.R. Banks, other than reserve balances 133,853 + 45,584 - 72,692 145,553

Term deposits held by depository institutions 3,036 + 3,036 - 43 3,036

U.S. Treasury, General Account 72,207 + 18,187 - 39,029 81,243

Foreign official 7,277 + 507 + 7,130 7,281

Service-related 0 0 - 1,979 0

Required clearing balances 0 0 - 1,979 0

Adjustments to compensate for float 0 0 0 0

Other 51,333 + 23,854 - 38,771 53,993

Other liabilities and capital15 67,884 - 138 - 4,430 66,484

Total factors, other than reserve balances,

absorbing reserve funds 1,450,403 + 44,589 + 14,409 1,458,502

Reserve balances with Federal Reserve Banks 1,586,337 + 1,389 + 56,691 1,596,323

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 23, 2013 Jan 16, 2013 Jan 25, 2012

Wednesday

Jan 23, 2013

Securities held in custody for foreign official and international

accounts 3,255,167 - 3,429 + 224,910 3,252,376

Marketable U.S. Treasury securities1 2,912,012 - 2,282 + 312,890 2,908,197

Federal agency debt and mortgage-backed securities2 307,251 - 1,255 - 88,314 308,105

Other securities3 35,905 + 109 + 336 36,074

Securities lent to dealers 6,618 - 995 - 6,167 10,312

Overnight facility4 6,618 - 995 - 6,167 10,312

U.S. Treasury securities 6,049 - 967 - 5,781 9,650

Federal agency debt securities 569 - 28 - 386 662

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 23, 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 19 47 0 501 0 ... 567

U.S. Treasury securities2

Holdings 1 4 15 386,809 874,860 435,001 1,696,691

Weekly changes 0 0 0 - 12 + 3,338 + 4,480 + 7,805

Federal agency debt securities3

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 1 2,546 980,625 983,174

Weekly changes 0 0 0 0 + 170 + 35,396 + 35,566

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 4,181 3,890 0 0 0 0 8,071

Reverse repurchase agreements6 89,893 0 ... ... ... ... 89,893

Term deposits 0 3,036 0 ... ... ... 3,036

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 23, 2013

Mortgage-backed securities held outright1 983,174

Commitments to buy mortgage-backed securities2 100,741

Commitments to sell mortgage-backed securities2 1,600

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 Account name Jan 23, 2013

Net portfolio holdings of Maiden Lane LLC1 1,417

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 23, 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 23, 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 23, 2013

Asset-backed securities holdings1 0

Other investments, net 857

Net portfolio holdings of TALF LLC 857

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 23, 2013 Jan 16, 2013 Jan 25, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,170 + 18 - 243

Securities, repurchase agreements, and loans 2,755,543 + 43,365 + 148,713

Securities held outright1 2,754,976 + 43,371 + 156,326

U.S. Treasury securities 1,696,691 + 7,805 + 35,162

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,609,819 + 6,396 + 44,582

Notes and bonds, inflation-indexed2 76,130 + 1,390 + 7,712

Inflation compensation3 10,742 + 19 + 1,291

Federal agency debt securities2 75,111 0 - 26,387

Mortgage-backed securities4 983,174 + 35,566 + 147,550

Repurchase agreements5 0 0 0

Loans 567 - 6 - 7,613

Net portfolio holdings of Maiden Lane LLC6 1,417 + 1 - 5,531

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,447

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,696

Net portfolio holdings of TALF LLC9 857 + 1 + 38

Items in process of collection (0) 280 + 107 + 78

Bank premises 2,333 + 1 + 150

Central bank liquidity swaps10 8,071 + 1 - 95,100

Other assets11 226,343 + 4,428 + 70,502

Total assets (0) 3,013,333 + 47,921 + 91,464

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 23, 2013 Jan 16, 2013 Jan 25, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,113,879 + 1,061 + 89,203

Reverse repurchase agreements12 89,893 - 751 + 1,178

Deposits (0) 1,741,877 + 47,970 + 5,817

Term deposits held by depository institutions 3,036 + 3,036 - 43

Other deposits held by depository institutions 1,596,324 - 7,962 + 17,081

U.S. Treasury, General Account 81,243 + 4,066 - 30,695

Foreign official 7,281 + 132 + 7,156

Other (0) 53,993 + 48,698 + 12,318

Deferred availability cash items (0) 1,201 + 393 + 185

Other liabilities and accrued dividends13 11,754 - 755 - 5,846

Total liabilities (0) 2,958,603 + 47,916 + 90,535

Capital accounts

Capital paid in 27,365 + 2 + 464

Surplus 27,365 + 2 + 464

Other capital accounts 0 0 0

Total capital 54,730 + 5 + 929

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

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

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

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

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

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

central bank.

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

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

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

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

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

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

9. Statement of Condition of Each Federal Reserve Bank, January 23, 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 2,170 40 96 143 151 383 215 321 39 54 167 205 356

Securities, repurchase agreements,

and loans 2,755,543 66,913 1,545,140 91,075 70,043 196,088 166,106 152,835 43,071 25,045 55,352 107,045 236,830

Securities held outright1 2,754,976 66,913 1,544,590 91,074 70,043 196,076 166,106 152,834 43,071 25,045 55,349 107,045 236,830

U.S. Treasury securities 1,696,691 41,209 951,257 56,089 43,137 120,756 102,299 94,125 26,526 15,424 34,087 65,925 145,855

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

Notes and bonds3 1,696,691 41,209 951,257 56,089 43,137 120,756 102,299 94,125 26,526 15,424 34,087 65,925 145,855

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 983,174 23,879 551,221 32,502 24,997 69,974 59,279 54,542 15,371 8,938 19,752 38,201 84,518

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

Loans 567 0 550 1 0 12 0 1 0 0 3 0 0

Net portfolio holdings of Maiden

Lane LLC6 1,417 0 1,417 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 857 0 857 0 0 0 0 0 0 0 0 0 0

Items in process of collection 280 0 0 0 0 0 279 0 0 1 0 0 0

Bank premises 2,333 119 448 70 115 230 215 202 131 103 252 239 209

Central bank liquidity swaps10 8,071 283 2,604 700 597 1,670 461 215 66 33 80 129 1,233

Other assets11 226,343 5,800 120,531 8,829 6,979 19,650 13,598 11,826 3,390 1,983 4,308 8,340 21,108

Interdistrict settlement account 0 + 2,179 + 52,096 - 16,971 - 7,587 - 61,557 + 18,403 - 19,898 - 1,315 + 1,603 - 8,286 - 4,604 + 45,937

Total assets 3,013,333 75,938 1,728,913 84,493 71,050 157,764 201,268 146,764 45,847 29,104 52,341 112,362 307,489

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 23, 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 1,365,442 47,490 486,902 47,463 61,265 103,399 175,149 95,080 37,356 22,733 37,641 95,957 155,005

Less: Notes held by F.R. Banks 251,564 7,984 95,352 5,105 9,966 12,683 30,531 14,243 4,333 3,806 8,379 31,111 28,072

Federal Reserve notes, net 1,113,879 39,506 391,550 42,359 51,299 90,716 144,619 80,837 33,023 18,927 29,262 64,846 126,933

Reverse repurchase agreements12 89,893 2,183 50,399 2,972 2,285 6,398 5,420 4,987 1,405 817 1,806 3,493 7,728

Deposits 1,741,877 31,272 1,262,610 34,570 12,877 48,292 46,371 58,782 10,741 8,854 20,490 42,729 164,288

Term deposits held by depository

institutions 3,036 5 1,542 637 0 40 500 5 0 105 1 5 196

Other deposits held by depository

institutions 1,596,324 31,265 1,118,798 33,922 12,874 48,072 45,861 58,749 10,740 8,749 20,487 42,721 164,085

U.S. Treasury, General Account 81,243 0 81,243 0 0 0 0 0 0 0 0 0 0

Foreign official 7,281 1 7,254 3 3 8 2 1 0 0 0 1 6

Other 53,993 0 53,773 8 0 171 7 27 0 0 1 3 1

Deferred availability cash items 1,201 0 0 0 0 0 1,093 0 0 108 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,051 15 692 21 16 38 50 58 11 4 21 40 84

Other liabilities and accrued

dividends14 10,703 271 6,171 338 303 828 599 538 207 160 208 384 696

Total liabilities 2,958,603 73,248 1,711,422 80,260 66,782 146,272 198,151 145,202 45,387 28,872 51,787 111,492 299,729

Capital

Capital paid in 27,365 1,345 8,745 2,116 2,134 5,746 1,559 781 230 116 277 435 3,880

Surplus 27,365 1,345 8,745 2,116 2,134 5,746 1,559 781 230 116 277 435 3,880

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

Total liabilities and capital 3,013,333 75,938 1,728,913 84,493 71,050 157,764 201,268 146,764 45,847 29,104 52,341 112,362 307,489

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 23, 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 23, 2013

Federal Reserve notes outstanding 1,365,442

Less: Notes held by F.R. Banks not subject to collateralization 251,564

Federal Reserve notes to be collateralized 1,113,879

Collateral held against Federal Reserve notes 1,113,879

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,097,642

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,754,976

Less: Face value of securities under reverse repurchase agreements 77,239

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,677,737

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.