FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 20, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Sep 19, 2012 Week ended

Sep 19, 2012

Change from week ended

Sep 12, 2012 Sep 21, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,807,401 + 1,006 - 32,737 2,804,101

Securities held outright1 2,586,667 + 3,271 - 63,264 2,583,338

U.S. Treasury securities 1,643,463 - 9,001 - 18,572 1,646,098

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,561,672 - 10,021 - 5,663 1,564,318

Notes and bonds, inflation-indexed2 71,784 + 964 + 5,030 71,784

Inflation compensation3 10,008 + 57 + 485 9,996

Federal agency debt securities2 87,162 - 48 - 21,300 87,098

Mortgage-backed securities4 856,042 + 12,320 - 23,392 850,142

Repurchase agreements5 0 0 0 0

Loans 1,813 - 388 - 9,755 1,823

Primary credit 13 - 122 - 10 28

Secondary credit 0 0 0 0

Seasonal credit 121 - 1 + 41 116

Term Asset-Backed Securities Loan Facility6 1,679 - 266 - 9,786 1,679

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,892 - 24 - 13,536 1,739

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,898 61

Net portfolio holdings of Maiden Lane III LLC9 1,585 0 - 19,567 1,585

Net portfolio holdings of TALF LLC10 851 0 + 74 851

Float -662 + 34 + 345 -696

Central bank liquidity swaps11 14,742 - 4,704 + 14,167 14,742

Other Federal Reserve assets12 200,452 + 2,816 + 68,697 200,657

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,671 + 14 + 599 44,671

Total factors supplying reserve funds 2,868,313 + 1,020 - 32,138 2,865,013

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 Wednesday

Sep 19, 2012 Week ended

Sep 19, 2012

Change from week ended

Sep 12, 2012 Sep 21, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,125,118 - 1,626 + 88,400 1,125,696

Reverse repurchase agreements14 95,090 + 6,882 - 226 93,969

Foreign official and international accounts 93,805 + 6,572 - 1,511 93,969

Others 1,286 + 312 + 1,286 0

Treasury cash holdings 108 - 10 - 1 109

Deposits with F.R. Banks, other than reserve balances 125,681 + 46,017 - 3,425 157,774

Term deposits held by depository institutions 3,040 + 3,040 + 3,040 3,040

U.S. Treasury, General Account 64,716 + 17,697 - 199 75,676

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

Foreign official 5,560 + 52 + 2,919 5,560

Service-related 0 0 - 2,520 0

Required clearing balances 0 0 - 2,520 0

Adjustments to compensate for float 0 0 0 0

Other 52,365 + 25,228 - 6,666 73,498

Other liabilities and capital15 69,000 + 2,339 - 2,456 66,830

Total factors, other than reserve balances,

absorbing reserve funds 1,414,998 + 53,604 + 82,293 1,444,379

Reserve balances with Federal Reserve Banks 1,453,315 - 52,584 - 114,431 1,420,634

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 Wednesday

Sep 19, 2012 Week ended

Sep 19, 2012

Change from week ended

Sep 12, 2012 Sep 21, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,584,228 + 7,391 + 116,205 3,591,857

U.S. Treasury securities 2,887,175 + 10,218 + 151,596 2,894,729

Federal agency securities2 697,053 - 2,827 - 35,391 697,128

Securities lent to dealers 6,543 + 257 - 3,862 7,010

Overnight facility3 6,543 + 257 - 3,862 7,010

U.S. Treasury securities 5,793 + 122 - 4,010 6,407

Federal agency debt securities 749 + 134 + 147 603

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, September 19, 2012

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 149 223 405 1,047 0 ... 1,823

U.S. Treasury securities2

Holdings 825 103 992 472,367 799,787 372,024 1,646,098

Weekly changes + 825 - 825 0 - 15,602 + 9,369 + 1,480 - 4,753

Federal agency debt securities3

Holdings 3,693 4,122 15,631 56,895 4,410 2,347 87,098

Weekly changes - 112 0 + 564 - 564 0 0 - 112

Mortgage-backed securities4

Holdings 0 0 3 3 299 849,836 850,142

Weekly changes 0 0 - 1 0 + 8 + 6,404 + 6,412

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 3,771 10,971 0 0 0 0 14,742

Reverse repurchase agreements6 93,969 0 ... ... ... ... 93,969

Term deposits 0 3,040 0 ... ... ... 3,040

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

Sep 19, 2012 Account name

Mortgage-backed securities held outright1 850,142

Commitments to buy mortgage-backed securities2 57,143

Commitments to sell mortgage-backed securities2 1,950

Cash and cash equivalents3 117

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

Sep 19, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,739

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.3 307

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 June 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

Sep 19, 2012 Account name

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 June 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

Sep 19, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 1,585

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 June 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

Sep 19, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 851

Net portfolio holdings of TALF LLC 851

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 112

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

Eliminations from

consolidation

Wednesday

Sep 19, 2012

Change since

Wednesday

Sep 12, 2012

Wednesday

Sep 21, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,177 + 20 - 47

Securities, repurchase agreements, and loans 2,585,162 + 1,505 - 76,896

Securities held outright1 2,583,338 + 1,548 - 67,275

U.S. Treasury securities 1,646,098 - 4,753 - 17,007

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,564,318 - 4,722 - 4,081

Notes and bonds, inflation-indexed2 71,784 0 + 5,030

Inflation compensation3 9,996 - 31 + 467

Federal agency debt securities2 87,098 - 112 - 21,170

Mortgage-backed securities4 850,142 + 6,412 - 29,098

Repurchase agreements5 0 0 0

Loans 1,823 - 44 - 9,622

Net portfolio holdings of Maiden Lane LLC6 1,739 - 179 - 13,741

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,903

Net portfolio holdings of Maiden Lane III LLC8 1,585 0 - 19,579

Net portfolio holdings of TALF LLC9 851 0 + 66

Items in process of collection (63) 137 - 6 - 191

Bank premises 2,351 + 2 + 164

Central bank liquidity swaps10 14,742 - 4,704 + 14,167

Other assets11 198,307 + 1,497 + 68,160

Total assets (63) 2,823,348 - 1,866 - 37,800

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

Eliminations from

consolidation

Wednesday

Sep 19, 2012

Change since

Wednesday

Sep 12, 2012

Wednesday

Sep 21, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,083,307 - 528 + 88,248

Reverse repurchase agreements12 93,969 + 986 + 3,016

Deposits (0) 1,578,409 - 2,759 - 124,390

Term deposits held by depository institutions 3,040 + 3,040 + 3,040

Other deposits held by depository institutions 1,420,635 - 82,260 - 128,827

U.S. Treasury, General Account 75,676 + 37,193 + 1,460

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

Foreign official 5,560 - 1 + 2,924

Other (0) 73,498 + 39,269 - 2,987

Deferred availability cash items (63) 833 - 77 - 529

Other liabilities and accrued dividends13 11,987 + 305 - 7,086

Total liabilities (63) 2,768,505 - 2,073 - 40,740

Capital accounts

Capital paid in 27,422 + 104 + 1,470

Surplus 27,422 + 104 + 1,470

Other capital accounts 0 0 0

Total capital 54,843 + 208 + 2,940

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, September 19, 2012Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,177 48 100 147 147 388 207 318 37 Securities, repurchase agreements,

and loans 2,585,162 62,744 1,450,049 85,400 65,684 183,860 155,762 143,326 40,397 

Securities held outright1 2,583,338 62,744 1,448,360 85,400 65,680 183,860 155,757 143,312 40,388 

U.S. Treasury securities 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,646,098 39,981 922,892 54,416 41,851 117,155 99,248 91,318 25,735 

Federal agency debt securities2 87,098 2,115 48,832 2,879 2,214 6,199 5,251 4,832 1,362 

Mortgage-backed securities4 850,142 20,648 476,636 28,104 21,614 60,506 51,258 47,162 13,291 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 1,823 0 1,689 0 4 0 5 14 9 

Net portfolio holdings of Maiden

Lane LLC6 1,739 0 1,739 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 61 0 61 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 1,585 0 1,585 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 851 0 851 0 0 0 0 0 0 

Items in process of collection 200 2 0 56 51 4 31 11 4 Bank premises 2,351 121 455 68 123 230 213 203 130 Central bank liquidity swaps10 14,742 517 4,755 1,279 1,090 3,049 843 393 121 Other assets11 198,307 5,124 104,608 7,987 6,309 17,787 11,908 10,245 2,938 Interdistrict settlement account 0 + 6,312 - 6,000 - 12,564 - 1,966 - 34,443 + 24,394 + 1,422 + 1,221 + 

Total assets 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 

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, September 19, 2012 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,301,612 45,866 454,782 47,874 61,451 102,219 175,249 94,806 37,336 

Less: Notes held by F.R. Banks 218,305 5,170 83,177 6,073 8,882 13,026 27,438 14,073 4,396 

Federal Reserve notes, net 1,083,307 40,696 371,605 41,802 52,569 89,193 147,812 80,732 32,941 

Reverse repurchase agreements12 93,969 2,282 52,684 3,106 2,389 6,688 5,666 5,213 1,469 

Deposits 1,578,409 29,555 1,114,370 33,353 12,614 64,414 38,093 69,164 10,231 

Term deposits held by depository

institutions 3,040 5 2,596 0 0 10 55 5 0 

Other deposits held by depository

institutions 1,420,635 29,546 957,209 33,349 12,611 64,299 38,029 69,131 10,231 

U.S. Treasury, General Account 75,676 0 75,676 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,560 1 5,533 3 3 8 2 1 0 Other 73,498 2 73,356 1 0 97 7 26 1 

Deferred availability cash items 896 28 0 94 55 20 149 25 24 Interest on Federal Reserve notes due

to U.S. Treasury13 1,599 42 936 61 49 22 105 91 24 

Other liabilities and accrued

dividends14 10,387 210 6,790 276 259 667 449 406 171 

Total liabilities 2,768,568 72,813 1,546,385 78,693 67,935 161,004 192,274 155,632 44,861 Capital

Capital paid in 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 Surplus 27,422 1,329 8,730 2,163 2,127 5,586 1,537 775 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,823,411 75,472 1,563,846 83,019 72,189 172,177 195,348 157,182 45,310 

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, September 19, 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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. 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 centr

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 

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 

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 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 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 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 Y

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 Resewas 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 multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio 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 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 FacilitThe 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 respoTALF 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 Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition 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 (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 LLCsin 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

Sep 19, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,301,612

Less: Notes held by F.R. Banks not subject to collateralization 218,305

Federal Reserve notes to be collateralized 1,083,307

Collateral held against Federal Reserve notes 1,083,307

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,067,071

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,583,338

Less: Face value of securities under reverse repurchase agreements 80,779

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,502,559

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.