FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 21, 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

Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Wednesday

Feb 20, 2013

Reserve Bank credit 3,063,397 + 45,653 + 146,079 3,076,719

Securities held outright1 2,829,472 + 52,583 + 216,692 2,843,781

U.S. Treasury securities 1,734,500 + 10,899 + 74,326 1,736,456

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,646,462 + 10,149 + 82,598 1,648,436

Notes and bonds, inflation-indexed2 77,499 + 783 + 8,739 77,499

Inflation compensation3 10,540 - 32 + 1,413 10,521

Federal agency debt securities2 74,613 - 356 - 26,204 74,613

Mortgage-backed securities4 1,020,359 + 42,039 + 168,570 1,032,712

Repurchase agreements5 0 0 0 0

Loans 448 - 39 - 7,498 448

Primary credit 8 + 1 + 4 8

Secondary credit 0 0 0 0

Seasonal credit 1 0 + 1 1

Term Asset-Backed Securities Loan Facility6 439 - 41 - 7,504 439

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,401 - 3 - 5,078 1,400

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 6,653 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,573 22

Net portfolio holdings of TALF LLC10 507 0 - 313 507

Float -677 - 63 + 231 -1,067

Central bank liquidity swaps11 5,192 - 1 - 102,767 5,192

Other Federal Reserve assets12 226,972 - 6,822 + 69,039 226,376

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,849 + 14 + 596 44,849

Total factors supplying reserve funds 3,124,487 + 45,667 + 146,675 3,137,809

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

Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Wednesday

Feb 20, 2013

Currency in circulation13 1,168,819 + 6,423 + 79,906 1,170,164

Reverse repurchase agreements14 96,922 + 10,461 + 8,029 93,121

Foreign official and international accounts 96,922 + 10,461 + 8,029 93,121

Others 0 0 0 0

Treasury cash holdings 198 + 4 + 41 206

Deposits with F.R. Banks, other than reserve balances 122,840 + 43,728 + 19,856 139,729

Term deposits held by depository institutions 0 - 3,036 0 0

U.S. Treasury, General Account 24,877 - 10,031 - 30,918 40,703

Foreign official 8,416 + 170 + 8,278 8,401

Service-related 0 0 - 1,970 0

Required clearing balances 0 0 - 1,970 0

Adjustments to compensate for float 0 0 0 0

Other 89,548 + 56,626 + 44,467 90,625

Other liabilities and capital15 68,324 + 971 - 6,915 66,206

Total factors, other than reserve balances,

absorbing reserve funds 1,457,104 + 61,588 + 100,918 1,469,426

Reserve balances with Federal Reserve Banks 1,667,383 - 15,921 + 45,757 1,668,383

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

Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Wednesday

Feb 20, 2013

Securities held in custody for foreign official and international

accounts 3,302,030 + 2,127 + 217,872 3,306,820

Marketable U.S. Treasury securities1 2,961,319 + 3,415 + 312,203 2,967,217

Federal agency debt and mortgage-backed securities2 303,167 - 1,933 - 93,946 302,037

Other securities3 37,543 + 645 - 386 37,566

Securities lent to dealers 17,985 + 75 - 1,382 20,164

Overnight facility4 17,985 + 75 - 1,382 20,164

U.S. Treasury securities 17,293 + 56 - 1,088 19,567

Federal agency debt securities 692 + 20 - 294 597

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, February 20, 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 9 47 0 393 0 ... 448

U.S. Treasury securities2

Holdings 1 4 14 416,244 880,077 440,115 1,736,456

Weekly changes - 2 + 1 - 1 + 15,947 - 1,819 - 6,148 + 7,979

Federal agency debt securities3

Holdings 1,025 1,535 20,642 47,020 2,044 2,347 74,613

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 2 1 2,598 1,030,110 1,032,712

Weekly changes 0 0 0 0 + 84 + 22,961 + 23,046

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 4,027 1,165 0 0 0 0 5,192

Reverse repurchase agreements6 93,121 0 ... ... ... ... 93,121

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 Feb 20, 2013

Mortgage-backed securities held outright1 1,032,712

Commitments to buy mortgage-backed securities2 88,165

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 21

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 Feb 20, 2013

Net portfolio holdings of Maiden Lane LLC1 1,400

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Feb 20, 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 December 31, 2012. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Feb 20, 2013

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Feb 20, 2013

Asset-backed securities holdings1 0

Other investments, net 507

Net portfolio holdings of TALF LLC 507

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 0

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

of the security.

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

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

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

following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,206 - 18 - 200

Securities, repurchase agreements, and loans 2,844,229 + 31,024 + 226,154

Securities held outright1 2,843,781 + 31,025 + 233,338

U.S. Treasury securities 1,736,456 + 7,979 + 79,875

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,648,436 + 8,038 + 88,150

Notes and bonds, inflation-indexed2 77,499 0 + 8,739

Inflation compensation3 10,521 - 60 + 1,409

Federal agency debt securities2 74,613 0 - 26,204

Mortgage-backed securities4 1,032,712 + 23,046 + 179,667

Repurchase agreements5 0 0 0

Loans 448 - 1 - 7,184

Net portfolio holdings of Maiden Lane LLC6 1,400 - 1 - 5,104

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 6,654

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,581

Net portfolio holdings of TALF LLC9 507 0 - 318

Items in process of collection (0) 573 + 7 + 364

Bank premises 2,308 + 1 + 130

Central bank liquidity swaps10 5,192 - 1 - 102,767

Other assets11 224,068 - 10,111 + 67,629

Total assets (0) 3,096,802 + 20,901 + 161,653

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

Feb 20, 2013 Feb 13, 2013 Feb 22, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,127,723 + 4,724 + 79,719

Reverse repurchase agreements12 93,121 + 4,066 + 3,297

Deposits (0) 1,808,112 + 12,702 + 86,827

Term deposits held by depository institutions 0 - 3,036 0

Other deposits held by depository institutions 1,668,383 - 28,298 + 45,583

U.S. Treasury, General Account 40,703 - 1,655 + 4,670

Foreign official 8,401 + 153 + 8,271

Other (0) 90,625 + 45,538 + 28,303

Deferred availability cash items (0) 1,640 + 403 - 2

Other liabilities and accrued dividends13 11,224 - 996 - 8,576

Total liabilities (0) 3,041,820 + 20,898 + 161,264

Capital accounts

Capital paid in 27,491 + 1 + 194

Surplus 27,491 + 1 + 194

Other capital accounts 0 0 0

Total capital 54,982 + 3 + 388

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, February 20, 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 2,206 42 103 143 157 391 213 322 37 54 170 207 365

Securities, repurchase agreements,

and loans 2,844,229 69,070 1,594,818 94,009 72,301 202,396 171,460 157,761 44,462 25,853 57,134 110,501 244,464

Securities held outright1 2,843,781 69,070 1,594,378 94,009 72,301 202,396 171,460 157,761 44,460 25,853 57,133 110,496 244,464

U.S. Treasury securities 1,736,456 42,175 973,552 57,403 44,148 123,586 104,696 96,331 27,148 15,786 34,886 67,470 149,274

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

Notes and bonds3 1,736,456 42,175 973,552 57,403 44,148 123,586 104,696 96,331 27,148 15,786 34,886 67,470 149,274

Federal agency debt securities2 74,613 1,812 41,832 2,467 1,897 5,310 4,499 4,139 1,167 678 1,499 2,899 6,414

Mortgage-backed securities4 1,032,712 25,083 578,994 34,139 26,256 73,500 62,265 57,290 16,145 9,388 20,748 40,126 88,777

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

Loans 448 0 439 0 0 0 0 1 2 0 1 5 0

Net portfolio holdings of Maiden

Lane LLC6 1,400 0 1,400 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 507 0 507 0 0 0 0 0 0 0 0 0 0

Items in process of collection 573 0 -48 0 0 0 624 0 0 1 0 0 -5

Bank premises 2,308 118 429 70 115 229 214 202 130 103 252 238 208

Central bank liquidity swaps10 5,192 255 1,660 402 405 1,090 296 148 43 22 53 82 736

Other assets11 224,068 6,078 119,245 8,622 6,988 19,496 13,450 11,758 3,346 1,968 4,272 8,230 20,613

Interdistrict settlement account 0 + 4,843 + 26,579 - 13,714 - 4,475 - 59,248 + 18,065 - 15,896 + 9 + 780 - 7,356 - 10,047 + 60,460

Total assets 3,096,802 81,011 1,750,417 90,180 76,244 165,657 206,314 155,559 48,490 29,062 54,992 110,218 328,658

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, February 20, 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 1,383,943 47,539 502,194 47,306 61,875 103,682 174,976 95,148 37,357 23,836 38,084 96,765 155,179

Less: Notes held by F.R. Banks 256,220 9,389 96,015 5,016 10,066 11,417 29,223 14,559 3,286 5,729 9,335 35,347 26,838

Federal Reserve notes, net 1,127,723 38,150 406,179 42,290 51,810 92,265 145,753 80,588 34,071 18,107 28,750 61,419 128,341

Reverse repurchase agreements12 93,121 2,262 52,209 3,078 2,368 6,628 5,615 5,166 1,456 847 1,871 3,618 8,005

Deposits 1,808,112 37,640 1,267,891 40,234 17,485 54,452 49,681 67,688 12,292 9,594 23,599 43,901 183,655

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 1,668,383 37,623 1,128,398 40,203 17,482 54,320 49,671 67,659 12,292 9,593 23,598 43,897 183,646

U.S. Treasury, General Account 40,703 0 40,703 0 0 0 0 0 0 0 0 0 0

Foreign official 8,401 2 8,374 3 3 8 2 1 0 0 0 1 6

Other 90,625 15 90,416 28 0 124 7 28 0 0 1 3 3

Deferred availability cash items 1,640 0 0 0 0 0 1,523 0 0 117 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 998 18 582 27 20 59 63 60 18 7 23 46 75

Other liabilities and accrued

dividends14 10,226 248 6,052 317 285 763 545 492 192 156 193 354 629

Total liabilities 3,041,820 78,317 1,732,913 85,947 71,967 154,167 203,180 153,994 48,030 28,828 54,436 109,337 320,704

Capital

Capital paid in 27,491 1,347 8,752 2,116 2,138 5,745 1,567 782 230 117 278 440 3,977

Surplus 27,491 1,347 8,752 2,116 2,138 5,745 1,567 782 230 117 278 440 3,977

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

Total liabilities and capital 3,096,802 81,011 1,750,417 90,180 76,244 165,657 206,314 155,559 48,490 29,062 54,992 110,218 328,658

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, February 20, 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 Feb 20, 2013

Federal Reserve notes outstanding 1,383,943

Less: Notes held by F.R. Banks not subject to collateralization 256,220

Federal Reserve notes to be collateralized 1,127,723

Collateral held against Federal Reserve notes 1,127,723

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,111,486

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,843,781

Less: Face value of securities under reverse repurchase agreements 83,639

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,760,142

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.