FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 27, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Sep 26, 2012 Week ended

Sep 26, 2012

Change from week ended

Sep 19, 2012 Sep 28, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,796,585 - 10,816 - 41,774 2,786,988

Securities held outright1 2,575,827 - 10,840 - 71,699 2,566,787

U.S. Treasury securities 1,643,158 - 305 - 20,442 1,648,403

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,561,398 - 274 - 7,400 1,566,654

Notes and bonds, inflation-indexed2 71,784 0 + 4,959 71,784

Inflation compensation3 9,977 - 31 + 424 9,965

Federal agency debt securities2 84,770 - 2,392 - 23,498 83,405

Mortgage-backed securities4 847,899 - 8,143 - 27,760 834,979

Repurchase agreements5 0 0 0 0

Loans 1,728 - 85 - 9,723 1,732

Primary credit 43 + 30 + 14 95

Secondary credit 0 0 0 0

Seasonal credit 127 + 6 + 38 124

Term Asset-Backed Securities Loan Facility6 1,558 - 121 - 9,775 1,513

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,736 - 156 - 13,748 1,720

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,908 61

Net portfolio holdings of Maiden Lane III LLC9 466 - 1,119 - 20,699 25

Net portfolio holdings of TALF LLC10 853 + 2 + 68 853

Float -593 + 69 + 361 -640

Central bank liquidity swaps11 14,693 - 49 + 14,193 14,693

Other Federal Reserve assets12 201,814 + 1,362 + 69,382 201,758

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,685 + 14 + 608 44,685

Total factors supplying reserve funds 2,857,511 - 10,802 - 41,166 2,847,914

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 26, 2012 Week ended

Sep 26, 2012

Change from week ended

Sep 19, 2012 Sep 28, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,126,066 + 948 + 90,340 1,128,192

Reverse repurchase agreements14 91,231 - 3,859 + 7,352 89,536

Foreign official and international accounts 91,231 - 2,574 + 7,352 89,536

Others 0 - 1,286 0 0

Treasury cash holdings 111 + 3 - 3 122

Deposits with F.R. Banks, other than reserve balances 147,065 + 21,384 + 16,361 92,925

Term deposits held by depository institutions 3,040 0 - 2,037 3,040

U.S. Treasury, General Account 73,239 + 8,523 + 17,521 65,665

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

Foreign official 5,561 + 1 + 5,059 5,560

Service-related 0 0 - 2,515 0

Required clearing balances 0 0 - 2,515 0

Adjustments to compensate for float 0 0 0 0

Other 65,225 + 12,860 - 1,667 18,660

Other liabilities and capital15 68,148 - 852 - 3,212 66,604

Total factors, other than reserve balances,

absorbing reserve funds 1,432,621 + 17,623 + 110,837 1,377,378

Reserve balances with Federal Reserve Banks 1,424,890 - 28,425 - 152,003 1,470,536

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 26, 2012 Week ended

Sep 26, 2012

Change from week ended

Sep 19, 2012 Sep 28, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,593,186 + 8,958 + 157,168 3,593,925

U.S. Treasury securities 2,891,243 + 4,068 + 186,419 2,890,272

Federal agency securities2 701,943 + 4,890 - 29,251 703,653

Securities lent to dealers 8,150 + 1,607 - 3,195 9,208

Overnight facility3 8,150 + 1,607 - 3,195 9,208

U.S. Treasury securities 7,555 + 1,762 - 3,040 8,631

Federal agency debt securities 595 - 154 - 155 577

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 26, 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 212 172 363 986 0 ... 1,732

U.S. Treasury securities2

Holdings 825 103 992 464,564 804,516 377,403 1,648,403

Weekly changes 0 0 0 - 7,803 + 4,729 + 5,379 + 2,305

Federal agency debt securities3

Holdings 659 5,963 13,131 56,895 4,410 2,347 83,405

Weekly changes - 3,034 + 1,841 - 2,500 0 0 0 - 3,693

Mortgage-backed securities4

Holdings 0 0 3 3 294 834,679 834,979

Weekly changes 0 0 0 0 - 5 - 15,157 - 15,163

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 6,517 8,175 0 0 0 0 14,693

Reverse repurchase agreements6 89,536 0 ... ... ... ... 89,536

Term deposits 3,040 0 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 26, 2012 Account name

Mortgage-backed securities held outright1 834,979

Commitments to buy mortgage-backed securities2 74,415

Commitments to sell mortgage-backed securities2 3,200

Cash and cash equivalents3 89

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 26, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,720

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.3 308

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 26, 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 26, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 25

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 26, 2012 Account name

Asset-backed securities holdings1 0

Other investments, net 853

Net portfolio holdings of TALF LLC 853

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 26, 2012

Change since

Wednesday

Sep 19, 2012

Wednesday

Sep 28, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,183 + 6 - 61

Securities, repurchase agreements, and loans 2,568,519 - 16,643 - 86,749

Securities held outright1 2,566,787 - 16,551 - 77,019

U.S. Treasury securities 1,648,403 + 2,305 - 16,252

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,566,654 + 2,336 - 2,675

Notes and bonds, inflation-indexed2 71,784 0 + 4,530

Inflation compensation3 9,965 - 31 + 316

Federal agency debt securities2 83,405 - 3,693 - 24,863

Mortgage-backed securities4 834,979 - 15,163 - 35,904

Repurchase agreements5 0 0 0

Loans 1,732 - 91 - 9,730

Net portfolio holdings of Maiden Lane LLC6 1,720 - 19 - 13,786

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,938

Net portfolio holdings of Maiden Lane III LLC8 25 - 1,560 - 21,145

Net portfolio holdings of TALF LLC9 853 + 2 + 68

Items in process of collection (110) 138 + 1 - 142

Bank premises 2,350 - 1 + 165

Central bank liquidity swaps10 14,693 - 49 + 14,193

Other assets11 199,408 + 1,101 + 69,350

Total assets (110) 2,806,187 - 17,161 - 48,046

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 26, 2012

Change since

Wednesday

Sep 19, 2012

Wednesday

Sep 28, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,085,808 + 2,501 + 89,488

Reverse repurchase agreements12 89,536 - 4,433 + 6,721

Deposits (0) 1,563,461 - 14,948 - 139,655

Term deposits held by depository institutions 3,040 0 - 2,037

Other deposits held by depository institutions 1,470,536 + 49,901 - 138,460

U.S. Treasury, General Account 65,665 - 10,011 + 20,723

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

Foreign official 5,560 0 + 5,335

Other (0) 18,660 - 54,838 - 25,216

Deferred availability cash items (110) 779 - 54 - 524

Other liabilities and accrued dividends13 11,885 - 102 - 6,784

Total liabilities (110) 2,751,469 - 17,036 - 50,755

Capital accounts

Capital paid in 27,359 - 63 + 1,355

Surplus 27,359 - 63 + 1,355

Other capital accounts 0 0 0

Total capital 54,718 - 125 + 2,710

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 26, 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 2,183 49 102 147 149 387 208 319 36 Securities, repurchase agreements,

and loans 2,568,519 62,342 1,440,621 84,852 65,259 182,732 154,775 142,408 40,137 

Securities held outright1 2,566,787 62,342 1,439,080 84,852 65,259 182,682 154,760 142,394 40,129 

U.S. Treasury securities 1,648,403 40,037 924,185 54,493 41,910 117,319 99,387 91,446 25,771 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,648,403 40,037 924,185 54,493 41,910 117,319 99,387 91,446 25,771 

Federal agency debt securities2 83,405 2,026 46,761 2,757 2,121 5,936 5,029 4,627 1,304 

Mortgage-backed securities4 834,979 20,280 468,134 27,603 21,229 59,427 50,343 46,321 13,054 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 1,732 0 1,541 0 0 50 15 14 7 

Net portfolio holdings of Maiden

Lane LLC6 1,720 0 1,720 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 25 0 25 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 853 0 853 0 0 0 0 0 0 

Items in process of collection 248 2 0 49 37 5 102 8 4 Bank premises 2,350 121 455 68 122 229 213 203 130 Central bank liquidity swaps10 14,693 515 4,739 1,274 1,086 3,039 840 392 120 Other assets11 199,408 5,150 105,247 8,017 6,331 17,829 11,976 10,309 2,956 Interdistrict settlement account 0 + 2,107 - 15,655 - 13,022 + 757 - 38,841 + 29,945 + 515 + 1,321 + 

Total assets 2,806,297 70,890 1,543,812 82,033 74,493 166,682 200,049 155,417 45,166 

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 26, 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 1,306,531 45,615 457,517 47,670 61,143 101,697 176,826 94,440 37,286 

Less: Notes held by F.R. Banks 220,723 5,271 85,025 6,068 8,628 12,891 27,815 13,966 4,424 

Federal Reserve notes, net 1,085,808 40,344 372,492 41,602 52,515 88,805 149,011 80,474 32,862 

Reverse repurchase agreements12 89,536 2,175 50,199 2,960 2,276 6,372 5,398 4,967 1,400 

Deposits 1,563,461 25,454 1,095,801 32,820 15,116 59,612 41,854 67,940 10,246 

Term deposits held by depository

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

Other deposits held by depository

institutions 1,470,536 25,440 1,003,487 32,810 15,113 59,510 41,790 67,908 10,245 

U.S. Treasury, General Account 65,665 0 65,665 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 18,660 7 18,520 7 0 83 7 26 1 

Deferred availability cash items 888 28 0 86 52 21 199 23 22 Interest on Federal Reserve notes due

to U.S. Treasury13 1,417 26 803 96 27 76 81 83 21 

Other liabilities and accrued

dividends14 10,469 206 7,057 264 252 626 431 379 166 

Total liabilities 2,751,579 68,232 1,526,351 77,828 70,239 155,512 196,974 153,866 44,717 Capital

Capital paid in 27,359 1,329 8,730 2,103 2,127 5,585 1,537 775 225 Surplus 27,359 1,329 8,730 2,103 2,127 5,585 1,537 775 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,806,297 70,890 1,543,812 82,033 74,493 166,682 200,049 155,417 45,166 

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 26, 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 26, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,306,531

Less: Notes held by F.R. Banks not subject to collateralization 220,723

Federal Reserve notes to be collateralized 1,085,808

Collateral held against Federal Reserve notes 1,085,808

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,069,571

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,566,787

Less: Face value of securities under reverse repurchase agreements 76,442

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,490,345

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.