FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 8, 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 7, 2012 Oct 31, 2012 Nov 9, 2011

Wednesday

Nov 7, 2012

Reserve Bank credit 2,810,831 + 175 - 702 2,812,979

Securities held outright1 2,583,852 - 359 - 32,188 2,585,253

U.S. Treasury securities 1,649,895 - 402 - 9,216 1,651,289

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,567,525 - 494 + 5,848 1,568,888

Notes and bonds, inflation-indexed2 71,944 0 + 2,891 71,944

Inflation compensation3 10,426 + 92 + 468 10,457

Federal agency debt securities2 81,902 0 - 25,766 81,902

Mortgage-backed securities4 852,055 + 42 + 2,794 852,063

Repurchase agreements5 0 0 0 0

Loans 1,172 - 145 - 9,447 1,166

Primary credit 9 - 17 + 4 6

Secondary credit 0 0 0 0

Seasonal credit 48 0 + 24 48

Term Asset-Backed Securities Loan Facility6 1,114 - 129 - 9,477 1,113

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,572 + 11 - 11,400 1,572

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,275 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 18,026 23

Net portfolio holdings of TALF LLC10 855 0 + 61 855

Float -787 - 194 + 21 -911

Central bank liquidity swaps11 12,465 - 438 + 10,520 12,465

Other Federal Reserve assets12 211,620 + 1,301 + 69,033 212,495

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,718 + 14 + 575 44,718

Total factors supplying reserve funds 2,871,790 + 189 - 128 2,873,938

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 7, 2012 Oct 31, 2012 Nov 9, 2011

Wednesday

Nov 7, 2012

Currency in circulation13 1,144,474 + 7,687 + 92,333 1,147,184

Reverse repurchase agreements14 96,087 - 2,888 + 3,005 92,980

Foreign official and international accounts 96,087 - 2,888 + 3,005 92,980

Others 0 0 0 0

Treasury cash holdings 147 + 4 + 36 151

Deposits with F.R. Banks, other than reserve balances 54,092 - 20,168 - 35,307 55,909

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 28,002 - 25,903 - 9,027 23,970

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

Foreign official 5,901 + 3 + 5,776 5,931

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 20,190 + 5,733 - 29,551 26,008

Other liabilities and capital15 67,044 + 21 - 1,620 66,418

Total factors, other than reserve balances,

absorbing reserve funds 1,361,845 - 15,343 + 58,449 1,362,642

Reserve balances with Federal Reserve Banks 1,509,945 + 15,531 - 58,576 1,511,296

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 7, 2012 Oct 31, 2012 Nov 9, 2011

Wednesday

Nov 7, 2012

Marketable securities held in custody for foreign

official and international accounts1 3,614,041 + 4,923 + 171,392 3,611,487

U.S. Treasury securities 2,918,293 + 6,039 + 198,063 2,915,446

Federal agency securities2 695,749 - 1,115 - 26,670 696,041

Securities lent to dealers 7,734 - 318 - 3,238 8,741

Overnight facility3 7,734 - 318 - 3,238 8,741

U.S. Treasury securities 7,074 - 309 - 2,850 8,088

Federal agency debt securities 660 - 9 - 387 653

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

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

face value.

2. Includes debt and mortgage-backed securities.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 7, 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 107 285 47 728 0 ... 1,166

U.S. Treasury securities2

Holdings 1 484 16 416,524 836,554 397,710 1,651,289

Weekly changes 0 + 2 - 3 - 7,660 + 9,856 + 3,760 + 5,955

Federal agency debt securities3

Holdings 2,619 4,172 16,031 52,323 4,410 2,347 81,902

Weekly changes + 1,769 - 1,769 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 3 1 1,486 850,572 852,063

Weekly changes 0 0 0 - 1 + 18 + 6 + 24

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 7,639 4,825 0 0 0 0 12,465

Reverse repurchase agreements6 92,980 0 ... ... ... ... 92,980

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 Nov 7, 2012

Mortgage-backed securities held outright1 852,063

Commitments to buy mortgage-backed securities2 125,710

Commitments to sell mortgage-backed securities2 1,200

Cash and cash equivalents3 20

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 7, 2012

Net portfolio holdings of Maiden Lane LLC1 1,572

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

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 133

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of 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 7, 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 7, 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 7, 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 7, 2012 Oct 31, 2012 Nov 9, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,153 - 1 - 143

Securities, repurchase agreements, and loans 2,586,419 + 5,883 - 49,226

Securities held outright1 2,585,253 + 5,979 - 39,787

U.S. Treasury securities 1,651,289 + 5,955 - 16,822

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,568,888 + 5,869 - 1,557

Notes and bonds, inflation-indexed2 71,944 0 + 2,692

Inflation compensation3 10,457 + 86 + 465

Federal agency debt securities2 81,902 0 - 25,766

Mortgage-backed securities4 852,063 + 24 + 2,802

Repurchase agreements5 0 0 0

Loans 1,166 - 96 - 9,439

Net portfolio holdings of Maiden Lane LLC6 1,572 0 - 11,407

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,276

Net portfolio holdings of Maiden Lane III LLC8 23 0 - 18,131

Net portfolio holdings of TALF LLC9 855 0 + 61

Items in process of collection (0) 129 + 1 - 178

Bank premises 2,343 - 10 + 164

Central bank liquidity swaps10 12,465 - 438 + 10,505

Other assets11 210,153 + 2,222 + 67,624

Total assets (0) 2,832,408 + 7,658 - 10,009

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 7, 2012 Oct 31, 2012 Nov 9, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,104,765 + 5,190 + 89,573

Reverse repurchase agreements12 92,980 - 6,768 + 5,332

Deposits (0) 1,567,205 + 9,188 - 102,175

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,511,296 + 76,896 - 82,341

U.S. Treasury, General Account 23,970 - 75,996 - 223

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

Foreign official 5,931 - 60 + 5,806

Other (0) 26,008 + 8,348 - 25,417

Deferred availability cash items (0) 1,040 - 18 - 441

Other liabilities and accrued dividends13 11,611 + 18 - 4,998

Total liabilities (0) 2,777,602 + 7,611 - 12,708

Capital accounts

Capital paid in 27,403 + 23 + 1,350

Surplus 27,403 + 23 + 1,350

Other capital accounts 0 0 0

Total capital 54,806 + 46 + 2,699

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 7, 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 2,153 50 103 147 145 384 203 315 36 51 162 200 358

Securities, repurchase agreements,

and loans 2,586,419 62,791 1,450,547 85,463 65,728 183,996 155,882 143,422 40,418 23,527 51,949 100,456 222,240

Securities held outright1 2,585,253 62,791 1,449,434 85,463 65,728 183,996 155,873 143,419 40,418 23,502 51,939 100,451 222,240

U.S. Treasury securities 1,651,289 40,107 925,802 54,588 41,983 117,525 99,561 91,606 25,816 15,012 33,175 64,161 141,952

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

Notes and bonds3 1,651,289 40,107 925,802 54,588 41,983 117,525 99,561 91,606 25,816 15,012 33,175 64,161 141,952

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 852,063 20,695 477,713 28,167 21,663 60,643 51,373 47,269 13,321 7,746 17,118 33,107 73,247

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

Loans 1,166 0 1,114 0 0 0 9 4 0 25 10 6 0

Net portfolio holdings of Maiden

Lane LLC6 1,572 0 1,572 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 129 0 0 0 23 0 104 1 0 0 0 0 0

Bank premises 2,343 120 453 69 121 229 213 203 130 103 253 239 209

Central bank liquidity swaps10 12,465 437 4,021 1,081 922 2,578 713 333 102 51 124 200 1,904

Other assets11 210,153 5,403 111,341 8,436 6,578 18,536 12,633 10,922 3,115 1,836 3,982 7,621 19,748

Interdistrict settlement account 0 + 1,203 - 49,035 - 15,351 - 570 - 22,566 + 37,175 - 4,736 + 2,198 + 3,845 - 3,319 + 2,998 + 48,158

Total assets 2,832,409 70,609 1,525,583 80,492 73,699 184,459 208,913 151,722 46,462 29,696 53,620 112,721 294,433

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 7, 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 1,324,076 47,017 463,338 47,640 60,866 102,612 177,293 94,604 37,488 22,510 36,260 90,646 143,802

Less: Notes held by F.R. Banks 219,311 5,309 84,389 5,056 8,154 11,857 27,093 13,050 4,399 3,225 5,092 25,855 25,833

Federal Reserve notes, net 1,104,765 41,708 378,949 42,584 52,712 90,755 150,200 81,554 33,089 19,285 31,168 64,791 117,969

Reverse repurchase agreements12 92,980 2,258 52,130 3,074 2,364 6,618 5,606 5,158 1,454 845 1,868 3,613 7,993

Deposits 1,567,205 23,689 1,069,992 30,281 14,007 75,095 48,557 62,917 11,262 9,033 19,813 43,060 159,500

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 1,511,296 23,687 1,014,303 30,269 14,004 74,935 48,547 62,894 11,262 9,033 19,811 43,057 159,493

U.S. Treasury, General Account 23,970 0 23,970 0 0 0 0 0 0 0 0 0 0

U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign official 5,931 1 5,904 3 3 8 2 1 0 0 0 1 6

Other 26,008 0 25,815 8 0 151 7 21 0 0 1 2 1

Deferred availability cash items 1,041 0 0 0 41 0 860 0 0 139 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,380 29 880 32 12 62 71 83 19 12 32 55 94

Other liabilities and accrued

dividends14 10,231 246 6,169 316 294 765 507 451 186 152 183 325 637

Total liabilities 2,777,602 67,930 1,508,119 76,287 69,430 173,294 205,802 150,162 46,010 29,467 53,064 111,844 286,193

Capital

Capital paid in 27,403 1,339 8,732 2,103 2,134 5,583 1,556 780 226 115 278 438 4,120

Surplus 27,403 1,339 8,732 2,103 2,134 5,583 1,556 780 226 115 278 438 4,120

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

Total liabilities and capital 2,832,409 70,609 1,525,583 80,492 73,699 184,459 208,913 151,722 46,462 29,696 53,620 112,721 294,433

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 7, 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 7, 2012

Federal Reserve notes outstanding 1,324,076

Less: Notes held by F.R. Banks not subject to collateralization 219,311

Federal Reserve notes to be collateralized 1,104,765

Collateral held against Federal Reserve notes 1,104,765

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,088,529

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,585,253

Less: Face value of securities under reverse repurchase agreements 78,929

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,506,324

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.