FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 28, 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 27, 2013 Feb 20, 2013 Feb 29, 2012

Wednesday

Feb 27, 2013

Reserve Bank credit 3,077,604 + 14,207 + 169,503 3,072,378

Securities held outright1 2,844,305 + 14,833 + 241,663 2,839,047

U.S. Treasury securities 1,744,620 + 10,120 + 90,659 1,749,545

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,656,638 + 10,176 + 98,962 1,661,584

Notes and bonds, inflation-indexed2 77,499 0 + 8,720 77,499

Inflation compensation3 10,484 - 56 + 1,401 10,462

Federal agency debt securities2 74,036 - 577 - 26,781 73,588

Mortgage-backed securities4 1,025,649 + 5,290 + 177,784 1,015,914

Repurchase agreements5 0 0 0 0

Loans 400 - 48 - 7,188 399

Primary credit 3 - 5 - 16 10

Secondary credit 0 0 0 0

Seasonal credit 1 0 + 1 1

Term Asset-Backed Securities Loan Facility6 396 - 43 - 7,173 388

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,400 - 1 - 5,095 1,399

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 6,738 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,582 22

Net portfolio holdings of TALF LLC10 507 0 - 318 507

Float -674 + 3 + 172 -893

Central bank liquidity swaps11 4,194 - 998 - 103,584 4,194

Other Federal Reserve assets12 227,390 + 418 + 68,173 227,642

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,863 + 14 + 604 44,863

Total factors supplying reserve funds 3,138,708 + 14,221 + 170,106 3,133,482

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 27, 2013 Feb 20, 2013 Feb 29, 2012

Wednesday

Feb 27, 2013

Currency in circulation13 1,169,383 + 564 + 80,234 1,171,326

Reverse repurchase agreements14 94,978 - 1,944 + 5,174 100,612

Foreign official and international accounts 94,978 - 1,944 + 5,174 100,612

Others 0 0 0 0

Treasury cash holdings 208 + 10 + 48 218

Deposits with F.R. Banks, other than reserve balances 124,515 + 1,675 + 18,440 40,865

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 43,012 + 18,135 + 3,537 15,966

Foreign official 8,586 + 170 + 8,405 8,556

Service-related 0 0 - 1,955 0

Required clearing balances 0 0 - 1,955 0

Adjustments to compensate for float 0 0 0 0

Other 72,916 - 16,632 + 8,451 16,343

Other liabilities and capital15 66,092 - 2,232 - 9,402 66,100

Total factors, other than reserve balances,

absorbing reserve funds 1,455,176 - 1,928 + 94,493 1,379,121

Reserve balances with Federal Reserve Banks 1,683,532 + 16,149 + 75,613 1,754,362

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 27, 2013 Feb 20, 2013 Feb 29, 2012

Wednesday

Feb 27, 2013

Securities held in custody for foreign official and international

accounts 3,293,893 - 8,137 + 213,931 3,278,332

Marketable U.S. Treasury securities1 2,956,833 - 4,486 + 315,148 2,943,831

Federal agency debt and mortgage-backed securities2 299,399 - 3,768 - 101,029 296,795

Other securities3 37,660 + 117 - 190 37,706

Securities lent to dealers 20,650 + 2,665 + 2,177 19,887

Overnight facility4 20,650 + 2,665 + 2,177 19,887

U.S. Treasury securities 19,789 + 2,496 + 2,391 18,818

Federal agency debt securities 861 + 169 - 214 1,069

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 27, 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 11 0 0 388 0 ... 399

U.S. Treasury securities2

Holdings 1 4 14 433,570 872,989 442,966 1,749,545

Weekly changes 0 0 0 + 17,326 - 7,088 + 2,851 + 13,089

Federal agency debt securities3

Holdings 0 1,535 20,642 47,020 2,044 2,347 73,588

Weekly changes - 1,025 0 0 0 0 0 - 1,025

Mortgage-backed securities4

Holdings 0 0 1 1 2,544 1,013,367 1,015,914

Weekly changes 0 0 - 1 0 - 54 - 16,743 - 16,798

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 3,029 1,165 0 0 0 0 4,194

Reverse repurchase agreements6 100,612 0 ... ... ... ... 100,612

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 27, 2013

Mortgage-backed securities held outright1 1,015,914

Commitments to buy mortgage-backed securities2 106,573

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 109

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 27, 2013

Net portfolio holdings of Maiden Lane LLC1 1,399

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 27, 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 27, 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 27, 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 27, 2013 Feb 20, 2013 Feb 29, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,186 - 20 - 197

Securities, repurchase agreements, and loans 2,839,446 - 4,783 + 228,654

Securities held outright1 2,839,047 - 4,734 + 235,834

U.S. Treasury securities 1,749,545 + 13,089 + 87,944

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,661,584 + 13,148 + 96,360

Notes and bonds, inflation-indexed2 77,499 0 + 8,611

Inflation compensation3 10,462 - 59 + 1,396

Federal agency debt securities2 73,588 - 1,025 - 27,229

Mortgage-backed securities4 1,015,914 - 16,798 + 175,119

Repurchase agreements5 0 0 0

Loans 399 - 49 - 7,181

Net portfolio holdings of Maiden Lane LLC6 1,399 - 1 - 5,040

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 7,240

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,589

Net portfolio holdings of TALF LLC9 507 0 - 318

Items in process of collection (0) 574 + 1 + 420

Bank premises 2,310 + 2 - 78

Central bank liquidity swaps10 4,194 - 998 - 103,569

Other assets11 225,332 + 1,264 + 69,186

Total assets (0) 3,092,268 - 4,534 + 164,226

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 27, 2013 Feb 20, 2013 Feb 29, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,128,862 + 1,139 + 78,986

Reverse repurchase agreements12 100,612 + 7,491 + 13,059

Deposits (0) 1,795,227 - 12,885 + 80,748

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,754,362 + 85,979 + 147,255

U.S. Treasury, General Account 15,966 - 24,737 - 46,576

Foreign official 8,556 + 155 + 8,429

Other (0) 16,343 - 74,282 - 28,359

Deferred availability cash items (0) 1,466 - 174 + 402

Other liabilities and accrued dividends13 11,113 - 111 - 9,437

Total liabilities (0) 3,037,280 - 4,540 + 163,757

Capital accounts

Capital paid in 27,494 + 3 + 234

Surplus 27,494 + 3 + 234

Other capital accounts 0 0 0

Total capital 54,987 + 5 + 468

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 27, 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 2,186 44 102 141 157 388 207 321 35 53 168 203 366

Securities, repurchase agreements,

and loans 2,839,446 68,955 1,592,113 93,853 72,181 202,059 171,175 157,499 44,386 25,810 57,038 110,322 244,057

Securities held outright1 2,839,047 68,955 1,591,724 93,853 72,181 202,059 171,175 157,498 44,386 25,810 57,038 110,312 244,057

U.S. Treasury securities 1,749,545 42,493 980,890 57,836 44,481 124,518 105,485 97,057 27,352 15,905 35,149 67,979 150,399

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

Notes and bonds3 1,749,545 42,493 980,890 57,836 44,481 124,518 105,485 97,057 27,352 15,905 35,149 67,979 150,399

Federal agency debt securities2 73,588 1,787 41,257 2,433 1,871 5,237 4,437 4,082 1,150 669 1,478 2,859 6,326

Mortgage-backed securities4 1,015,914 24,675 569,577 33,584 25,829 72,304 61,253 56,359 15,883 9,236 20,410 39,474 87,333

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

Loans 399 0 388 0 0 0 0 1 0 0 0 10 0

Net portfolio holdings of Maiden

Lane LLC6 1,399 0 1,399 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 574 0 0 0 0 0 573 0 0 0 0 0 0

Bank premises 2,310 118 432 71 115 229 214 201 130 103 252 238 208

Central bank liquidity swaps10 4,194 206 1,341 324 327 881 239 120 35 18 42 67 595

Other assets11 225,332 6,106 119,938 8,659 7,014 19,593 13,526 11,826 3,375 1,978 4,297 8,310 20,710

Interdistrict settlement account 0 - 463 + 9,656 - 9,756 - 2,502 - 51,544 + 19,904 - 11,394 + 1,481 + 1,257 - 7,505 - 9,620 + 60,486

Total assets 3,092,268 75,570 1,731,213 93,939 78,045 172,907 207,828 159,834 49,906 29,500 54,761 110,526 328,238

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 27, 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 1,388,800 47,165 510,786 46,971 61,495 102,892 175,054 94,464 37,125 23,671 37,802 96,413 154,962

Less: Notes held by F.R. Banks 259,938 9,690 97,684 4,897 9,677 11,705 29,350 14,484 3,305 6,204 9,602 36,600 26,740

Federal Reserve notes, net 1,128,862 37,475 413,102 42,074 51,818 91,187 145,705 79,980 33,821 17,467 28,200 59,813 128,222

Reverse repurchase agreements12 100,612 2,444 56,409 3,326 2,558 7,161 6,066 5,582 1,573 915 2,021 3,909 8,649

Deposits 1,795,227 32,709 1,237,307 43,991 19,106 62,287 51,172 72,210 13,854 10,457 23,788 45,560 182,787

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 1,754,362 32,683 1,196,672 43,961 19,103 62,174 51,163 72,181 13,853 10,456 23,786 45,556 182,772

U.S. Treasury, General Account 15,966 0 15,966 0 0 0 0 0 0 0 0 0 0

Foreign official 8,556 2 8,529 3 3 8 2 1 0 0 0 1 6

Other 16,343 23 16,140 27 0 105 7 27 0 0 1 3 9

Deferred availability cash items 1,466 0 0 0 0 0 1,194 0 0 273 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,064 21 636 31 20 60 65 57 22 9 20 40 83

Other liabilities and accrued

dividends14 10,049 227 6,256 285 265 722 492 437 177 146 176 323 543

Total liabilities 3,037,280 72,876 1,713,709 89,707 73,768 161,417 204,694 158,265 49,446 29,266 54,205 109,645 320,283

Capital

Capital paid in 27,494 1,347 8,752 2,116 2,138 5,745 1,567 785 230 117 278 441 3,977

Surplus 27,494 1,347 8,752 2,116 2,138 5,745 1,567 785 230 117 278 441 3,977

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

Total liabilities and capital 3,092,268 75,570 1,731,213 93,939 78,045 172,907 207,828 159,834 49,906 29,500 54,761 110,526 328,238

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 27, 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 27, 2013

Federal Reserve notes outstanding 1,388,800

Less: Notes held by F.R. Banks not subject to collateralization 259,938

Federal Reserve notes to be collateralized 1,128,862

Collateral held against Federal Reserve notes 1,128,862

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,112,625

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,839,047

Less: Face value of securities under reverse repurchase agreements 90,079

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,748,968

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.