FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 13, 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

Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Wednesday

Dec 12, 2012

Reserve Bank credit 2,858,450 + 15,000 - 8,582 2,899,255

Securities held outright1 2,630,907 + 12,108 + 13,312 2,668,891

U.S. Treasury securities 1,661,520 + 5,631 - 10,011 1,660,807

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,577,099 + 5,426 + 1,067 1,575,114

Notes and bonds, inflation-indexed2 73,543 + 199 + 6,059 74,740

Inflation compensation3 10,878 + 6 + 1,285 10,953

Federal agency debt securities2 79,283 0 - 26,626 79,283

Mortgage-backed securities4 890,104 + 6,477 + 49,950 928,801

Repurchase agreements5 0 0 0 0

Loans 925 - 43 - 9,056 827

Primary credit 5 - 4 - 388 5

Secondary credit 0 0 0 0

Seasonal credit 21 - 1 - 3 19

Term Asset-Backed Securities Loan Facility6 899 - 38 - 8,664 803

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,434 + 2 - 8,702 1,434

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,175 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,878 22

Net portfolio holdings of TALF LLC10 856 0 + 53 856

Float -778 - 46 + 139 -1,059

Central bank liquidity swaps11 12,368 + 187 - 41,967 12,368

Other Federal Reserve assets12 212,655 + 2,792 + 64,692 215,855

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,775 + 14 + 590 44,775

Total factors supplying reserve funds 2,919,467 + 15,015 - 7,992 2,960,271

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

Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Wednesday

Dec 12, 2012

Currency in circulation13 1,154,779 + 2,976 + 90,446 1,156,037

Reverse repurchase agreements14 98,286 + 3,161 + 13,531 102,444

Foreign official and international accounts 97,964 + 3,988 + 13,209 102,444

Others 321 - 828 + 321 0

Treasury cash holdings 144 - 3 + 30 143

Deposits with F.R. Banks, other than reserve balances 76,171 + 12,676 - 27,416 76,971

Term deposits held by depository institutions 0 - 3,043 - 5,055 0

U.S. Treasury, General Account 38,980 + 4,983 + 17,496 31,399

Foreign official 5,955 - 836 + 5,746 5,841

Service-related 0 0 - 2,497 0

Required clearing balances 0 0 - 2,497 0

Adjustments to compensate for float 0 0 0 0

Other 31,236 + 11,573 - 43,106 39,730

Other liabilities and capital15 69,870 + 2,109 - 3,304 76,448

Total factors, other than reserve balances,

absorbing reserve funds 1,399,250 + 20,920 + 73,287 1,412,042

Reserve balances with Federal Reserve Banks 1,520,217 - 5,905 - 81,278 1,548,229

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

Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Wednesday

Dec 12, 2012

Securities held in custody for foreign official and international

accounts 3,214,921 + 12,200 + 132,203 3,220,818

Marketable U.S. Treasury securities1 2,861,248 + 12,019 + 211,377 2,866,875

Federal agency debt and mortgage-backed securities2 317,944 + 534 - 80,887 318,293

Other securities3 35,729 - 352 + 1,713 35,650

Securities lent to dealers 5,907 + 64 - 5,924 5,426

Overnight facility4 5,907 + 64 - 5,924 5,426

U.S. Treasury securities 5,204 - 54 - 5,462 4,746

Federal agency debt securities 702 + 117 - 462 680

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, December 12, 2012

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 6 309 0 512 0 ... 827

U.S. Treasury securities2

Holdings 0 386 15 387,879 856,457 416,069 1,660,807

Weekly changes 0 0 - 26 - 7,568 + 9,706 + 5,101 + 7,214

Federal agency debt securities3

Holdings 2,500 3,195 16,367 52,830 2,044 2,347 79,283

Weekly changes + 2,500 - 2,500 + 1,151 - 1,151 0 0 0

Mortgage-backed securities4

Holdings 0 0 3 1 1,687 927,110 928,801

Weekly changes 0 0 0 0 + 1 + 45,155 + 45,155

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 4,080 8,288 0 0 0 0 12,368

Reverse repurchase agreements6 102,444 0 ... ... ... ... 102,444

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 Dec 12, 2012

Mortgage-backed securities held outright1 928,801

Commitments to buy mortgage-backed securities2 98,329

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 8

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 Dec 12, 2012

Net portfolio holdings of Maiden Lane LLC1 1,434

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday Account name Dec 12, 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 Dec 12, 2012

Net portfolio holdings of Maiden Lane III LLC1 22

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday Account name Dec 12, 2012

Asset-backed securities holdings1 0

Other investments, net 856

Net portfolio holdings of TALF LLC 856

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

Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,126 + 11 - 154

Securities, repurchase agreements, and loans 2,669,718 + 52,238 + 22,668

Securities held outright1 2,668,891 + 52,370 + 31,429

U.S. Treasury securities 1,660,807 + 7,214 - 12,668

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,575,114 + 5,735 - 1,780

Notes and bonds, inflation-indexed2 74,740 + 1,396 + 6,272

Inflation compensation3 10,953 + 83 + 1,263

Federal agency debt securities2 79,283 0 - 26,626

Mortgage-backed securities4 928,801 + 45,155 + 70,723

Repurchase agreements5 0 0 0

Loans 827 - 132 - 8,761

Net portfolio holdings of Maiden Lane LLC6 1,434 0 - 5,777

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,178

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,697

Net portfolio holdings of TALF LLC9 856 0 + 53

Items in process of collection (0) 111 - 6 - 208

Bank premises 2,335 + 1 + 151

Central bank liquidity swaps10 12,368 + 187 - 41,967

Other assets11 213,519 + 5,016 + 65,935

Total assets (0) 2,918,788 + 57,448 + 13,829

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

Dec 12, 2012 Dec 5, 2012 Dec 14, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,113,527 + 1,205 + 88,898

Reverse repurchase agreements12 102,444 + 6,126 + 19,972

Deposits (0) 1,625,199 + 41,370 - 99,642

Term deposits held by depository institutions 0 - 3,043 - 5,055

Other deposits held by depository institutions 1,548,229 + 24,293 - 66,939

U.S. Treasury, General Account 31,399 + 9,968 + 5,748

Foreign official 5,841 - 2,136 + 5,141

Other (0) 39,730 + 12,287 - 38,537

Deferred availability cash items (0) 1,170 + 168 - 164

Other liabilities and accrued dividends13 21,722 + 8,546 + 3,917

Total liabilities (0) 2,864,062 + 57,415 + 12,981

Capital accounts

Capital paid in 27,363 + 17 + 424

Surplus 27,363 + 17 + 424

Other capital accounts 0 0 0

Total capital 54,726 + 33 + 847

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, December 12, 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 2,126 39 92 142 145 382 207 312 36 53 165 198 355

Securities, repurchase agreements,

and loans 2,669,718 64,823 1,497,129 88,228 67,855 189,949 160,916 148,062 41,729 24,273 53,624 103,700 229,430

Securities held outright1 2,668,891 64,822 1,496,326 88,228 67,855 189,949 160,916 148,059 41,726 24,263 53,619 103,700 229,430

U.S. Treasury securities 1,660,807 40,338 931,139 54,903 42,225 118,202 100,135 92,134 25,965 15,098 33,366 64,531 142,770

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

Notes and bonds3 1,660,807 40,338 931,139 54,903 42,225 118,202 100,135 92,134 25,965 15,098 33,366 64,531 142,770

Federal agency debt securities2 79,283 1,926 44,450 2,621 2,016 5,643 4,780 4,398 1,240 721 1,593 3,081 6,816

Mortgage-backed securities4 928,801 22,559 520,737 30,704 23,614 66,104 56,000 51,526 14,521 8,444 18,660 36,089 79,844

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

Loans 827 1 803 0 0 0 0 3 4 10 5 0 0

Net portfolio holdings of Maiden

Lane LLC6 1,434 0 1,434 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 856 0 856 0 0 0 0 0 0 0 0 0 0

Items in process of collection 111 0 0 0 11 0 99 0 1 0 0 0 0

Bank premises 2,335 119 450 70 115 229 214 202 130 103 253 239 209

Central bank liquidity swaps10 12,368 434 3,990 1,073 914 2,558 707 330 101 50 123 198 1,889

Other assets11 213,519 5,487 113,284 8,450 6,668 18,761 12,842 11,114 3,179 1,866 4,051 7,785 20,032

Interdistrict settlement account 0 + 11,175 - 102,483 - 15,158 - 2,299 - 21,591 + 40,928 - 192 + 2,298 + 3,537 - 4,396 + 1,123 + 87,059

Total assets 2,918,788 82,681 1,520,476 83,451 74,162 191,590 217,904 161,091 47,937 30,165 54,289 114,250 340,791

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, December 12, 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 1,345,119 47,698 471,392 47,875 60,881 104,191 176,596 96,050 37,382 22,410 36,444 92,459 151,741

Less: Notes held by F.R. Banks 231,592 6,207 92,137 4,796 8,788 12,055 26,212 13,261 4,115 3,228 6,062 28,108 26,622

Federal Reserve notes, net 1,113,527 41,491 379,255 43,079 52,093 92,137 150,384 82,788 33,267 19,182 30,382 64,351 125,119

Reverse repurchase agreements12 102,444 2,488 57,435 3,387 2,605 7,291 6,177 5,683 1,602 931 2,058 3,980 8,807

Deposits 1,625,199 35,496 1,053,457 32,083 14,594 79,113 56,151 69,998 12,256 9,341 20,889 44,289 197,531

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 1,548,229 35,494 976,917 32,072 14,591 78,740 56,139 69,978 12,258 9,340 20,888 44,286 197,524

U.S. Treasury, General Account 31,399 0 31,399 0 0 0 0 0 0 0 0 0 0

Foreign official 5,841 1 5,814 3 3 8 2 1 0 0 0 1 6

Other 39,730 1 39,326 7 0 364 10 19 -3 0 1 3 1

Deferred availability cash items 1,171 0 0 0 23 0 914 0 0 234 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,403 41 826 29 33 79 84 87 23 13 30 59 101

Other liabilities and accrued

dividends14 20,319 475 12,014 641 546 1,477 1,075 976 335 236 376 695 1,472

Total liabilities 2,864,062 79,991 1,502,987 79,219 69,893 180,096 214,786 159,533 47,483 29,936 53,735 113,374 333,029

Capital

Capital paid in 27,363 1,345 8,745 2,116 2,134 5,747 1,559 779 227 115 277 438 3,881

Surplus 27,363 1,345 8,745 2,116 2,134 5,747 1,559 779 227 115 277 438 3,881

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

Total liabilities and capital 2,918,788 82,681 1,520,476 83,451 74,162 191,590 217,904 161,091 47,937 30,165 54,289 114,250 340,791

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, December 12, 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 Dec 12, 2012

Federal Reserve notes outstanding 1,345,119

Less: Notes held by F.R. Banks not subject to collateralization 231,592

Federal Reserve notes to be collateralized 1,113,527

Collateral held against Federal Reserve notes 1,113,527

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,097,290

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,668,891

Less: Face value of securities under reverse repurchase agreements 87,559

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,581,332

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.