FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 23, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 21, 2012 Nov 14, 2012 Nov 23, 2011

Wednesday

Nov 21, 2012

Reserve Bank credit 2,839,347 + 20,009 + 31,147 2,853,488

Securities held outright1 2,617,804 + 27,704 + 712 2,630,354

U.S. Treasury securities 1,651,041 + 186 - 17,448 1,650,489

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,566,964 - 993 - 5,389 1,566,370

Notes and bonds, inflation-indexed2 73,344 + 1,000 + 5,422 73,344

Inflation compensation3 10,733 + 178 + 941 10,775

Federal agency debt securities2 80,521 - 1,381 - 26,254 79,283

Mortgage-backed securities4 886,243 + 28,899 + 44,415 900,583

Repurchase agreements5 0 0 0 0

Loans 1,005 - 78 - 9,223 981

Primary credit 5 - 8 - 20 0

Secondary credit 0 0 0 0

Seasonal credit 36 - 7 + 21 23

Term Asset-Backed Securities Loan Facility6 965 - 63 - 9,223 958

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,554 - 18 - 9,046 1,438

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,281 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 17,810 22

Net portfolio holdings of TALF LLC10 855 0 + 57 856

Float -798 + 10 + 65 -711

Central bank liquidity swaps11 12,252 + 131 + 9,852 12,252

Other Federal Reserve assets12 206,592 - 7,739 + 65,821 208,235

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,746 + 14 + 580 44,746

Total factors supplying reserve funds 2,900,334 + 20,023 + 31,728 2,914,476

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 21, 2012 Nov 14, 2012 Nov 23, 2011

Wednesday

Nov 21, 2012

Currency in circulation13 1,149,806 + 1,166 + 90,985 1,153,701

Reverse repurchase agreements14 93,767 - 761 + 2,438 93,736

Foreign official and international accounts 93,767 - 761 + 2,438 93,736

Others 0 0 0 0

Treasury cash holdings 143 - 7 + 38 140

Deposits with F.R. Banks, other than reserve balances 83,165 - 725 - 58,600 84,814

Term deposits held by depository institutions 3,043 0 - 2,012 3,043

U.S. Treasury, General Account 24,433 - 14,231 - 19,914 15,639

Foreign official 6,520 + 412 + 5,323 6,724

Service-related 0 0 - 2,504 0

Required clearing balances 0 0 - 2,504 0

Adjustments to compensate for float 0 0 0 0

Other 49,168 + 13,094 - 39,494 59,408

Other liabilities and capital15 69,831 + 59 - 1,554 69,170

Total factors, other than reserve balances,

absorbing reserve funds 1,396,713 - 266 + 33,307 1,401,562

Reserve balances with Federal Reserve Banks 1,503,622 + 20,291 - 1,579 1,512,914

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

7. Refer to table 4 and the note on consolidation accompanying table 9.

8. Refer to table 5 and the note on consolidation accompanying table 9.

9. Refer to table 6 and the note on consolidation accompanying table 9.

10. Refer to table 7 and the note on consolidation accompanying table 9.

11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13. Estimated.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and

table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 21, 2012 Nov 14, 2012 Nov 23, 2011

Wednesday

Nov 21, 2012

Securities held in custody for foreign official and international

accounts 3,198,822 + 5,241 + 107,034 3,192,765

Marketable U.S. Treasury securities1 2,844,446 + 9,649 + 186,035 2,837,423

Federal agency debt and mortgage-backed securities2 318,364 - 4,143 - 81,971 319,401

Other securities3 36,011 - 266 + 2,969 35,942

Securities lent to dealers 7,309 - 458 - 3,985 7,086

Overnight facility4 7,309 - 458 - 3,985 7,086

U.S. Treasury securities 6,710 - 424 - 3,270 6,535

Federal agency debt securities 599 - 34 - 714 551

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, November 21, 2012

Millions of dollars

Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 Remaining Maturity days 90 days 1 year to 5 years to 10 years years

All

Loans1 25 249 47 660 0 ... 981

U.S. Treasury securities2

Holdings 100 385 42 403,914 844,439 401,609 1,650,489

Weekly changes + 99 - 99 + 26 - 14,906 + 8,030 + 506 - 6,344

Federal agency debt securities3

Holdings 0 4,670 16,241 53,981 2,044 2,347 79,283

Weekly changes - 2,619 0 + 708 + 1,658 - 2,366 0 - 2,619

Mortgage-backed securities4

Holdings 0 0 3 1 1,704 898,874 900,583

Weekly changes 0 0 0 0 + 218 + 11,344 + 11,563

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 6,990 5,262 0 0 0 0 12,252

Reverse repurchase agreements6 93,736 0 ... ... ... ... 93,736

Term deposits 3,043 0 0 ... ... ... 3,043

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

...Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Nov 21, 2012

Mortgage-backed securities held outright1 900,583

Commitments to buy mortgage-backed securities2 94,534

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 81

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Nov 21, 2012

Net portfolio holdings of Maiden Lane LLC1 1,438

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 Nov 21, 2012

Net portfolio holdings of Maiden Lane II LLC1 61

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

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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 0

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

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

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

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

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

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of

section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S.

securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from

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

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

subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday Account name Nov 21, 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 Nov 21, 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

Nov 21, 2012 Nov 14, 2012 Nov 23, 2011

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,101 - 43 - 148

Securities, repurchase agreements, and loans 2,631,335 + 2,564 + 9,148

Securities held outright1 2,630,354 + 2,599 + 18,049

U.S. Treasury securities 1,650,489 - 6,344 - 14,306

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,566,370 - 6,444 - 2,276

Notes and bonds, inflation-indexed2 73,344 0 + 5,422

Inflation compensation3 10,775 + 99 + 970

Federal agency debt securities2 79,283 - 2,619 - 26,626

Mortgage-backed securities4 900,583 + 11,563 + 58,983

Repurchase agreements5 0 0 0

Loans 981 - 35 - 8,901

Net portfolio holdings of Maiden Lane LLC6 1,438 - 135 - 9,160

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,283

Net portfolio holdings of Maiden Lane III LLC8 22 - 1 - 17,815

Net portfolio holdings of TALF LLC9 856 + 1 + 53

Items in process of collection (0) 199 + 22 - 131

Bank premises 2,346 + 1 + 166

Central bank liquidity swaps10 12,252 + 131 + 9,852

Other assets11 205,889 - 8,648 + 65,516

Total assets (0) 2,872,736 - 6,107 + 48,199

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 21, 2012 Nov 14, 2012 Nov 23, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,111,192 + 4,277 + 90,441

Reverse repurchase agreements12 93,736 + 146 + 8,957

Deposits (0) 1,597,728 - 2,516 - 48,962

Term deposits held by depository institutions 3,043 0 - 2,012

Other deposits held by depository institutions 1,512,914 + 6,132 + 21,085

U.S. Treasury, General Account 15,639 - 11,220 - 18,896

Foreign official 6,724 + 243 + 6,600

Other (0) 59,408 + 2,330 - 55,739

Deferred availability cash items (0) 910 - 793 - 321

Other liabilities and accrued dividends13 14,000 - 7,249 - 3,161

Total liabilities (0) 2,817,565 - 6,137 + 46,953

Capital accounts

Capital paid in 27,585 + 15 + 622

Surplus 27,585 + 15 + 622

Other capital accounts 0 0 0

Total capital 55,170 + 29 + 1,245

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 21, 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 2,101 38 93 146 142 384 199 303 37 51 162 195 352

Securities, repurchase agreements,

and loans 2,631,335 63,886 1,475,678 86,954 66,875 187,206 158,592 145,925 41,123 23,923 52,850 102,205 226,117

Securities held outright1 2,630,354 63,886 1,474,720 86,954 66,875 187,206 158,592 145,921 41,123 23,912 52,845 102,203 226,117

U.S. Treasury securities 1,650,489 40,087 925,354 54,562 41,963 117,468 99,513 91,562 25,804 15,004 33,159 64,130 141,883

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

Notes and bonds3 1,650,489 40,087 925,354 54,562 41,963 117,468 99,513 91,562 25,804 15,004 33,159 64,130 141,883

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 900,583 21,873 504,916 29,771 22,897 64,096 54,299 49,960 14,080 8,187 18,093 34,992 77,418

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

Loans 981 0 958 0 0 0 0 4 0 11 5 3 0

Net portfolio holdings of Maiden

Lane LLC6 1,438 0 1,438 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 199 0 0 0 11 1 186 0 1 0 0 0 0

Bank premises 2,346 120 453 69 121 230 214 203 130 103 253 239 210

Central bank liquidity swaps10 12,252 429 3,952 1,063 906 2,534 701 327 100 50 122 196 1,872

Other assets11 205,889 5,298 108,996 8,281 6,459 18,195 12,360 10,685 3,052 1,796 3,896 7,509 19,362

Interdistrict settlement account 0 + 2,759 - 56,611 - 13,592 - 432 - 31,670 + 32,895 - 4,490 + 1,933 + 3,291 - 4,845 + 3,799 + 66,964

Total assets 2,872,736 73,135 1,540,579 83,567 74,834 178,183 207,138 154,216 46,838 29,497 52,906 115,151 316,692

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 21, 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 1,330,250 46,820 465,573 47,611 60,594 102,955 177,005 94,843 37,357 22,451 36,229 90,596 148,215

Less: Notes held by F.R. Banks 219,058 5,246 86,412 4,941 8,246 11,387 26,401 12,814 4,115 3,125 5,252 25,733 25,386

Federal Reserve notes, net 1,111,192 41,574 379,161 42,670 52,348 91,568 150,604 82,029 33,242 19,327 30,977 64,863 122,829

Reverse repurchase agreements12 93,736 2,277 52,553 3,099 2,383 6,671 5,652 5,200 1,465 852 1,883 3,642 8,058

Deposits 1,597,728 26,266 1,083,148 33,155 15,418 67,431 46,253 64,753 11,428 8,779 19,225 45,281 176,590

Term deposits held by depository

institutions 3,043 5 1,564 700 0 40 161 57 0 80 101 5 330

Other deposits held by depository

institutions 1,512,914 26,255 1,000,009 32,445 15,415 67,261 46,082 64,673 11,428 8,698 19,123 45,273 176,252

U.S. Treasury, General Account 15,639 0 15,639 0 0 0 0 0 0 0 0 0 0

Foreign official 6,724 1 6,697 3 3 8 2 1 0 0 0 1 6

Other 59,408 5 59,240 7 0 122 7 22 0 0 1 2 1

Deferred availability cash items 910 0 0 0 25 0 763 0 0 122 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 2,141 35 1,293 57 43 105 129 121 34 20 46 89 168

Other liabilities and accrued

dividends14 11,859 293 6,945 381 347 914 619 555 214 168 221 399 803

Total liabilities 2,817,565 70,445 1,523,101 79,362 70,564 166,689 204,019 152,658 46,384 29,268 52,353 114,273 308,448

Capital

Capital paid in 27,585 1,345 8,739 2,103 2,135 5,747 1,559 779 227 115 277 439 4,122

Surplus 27,585 1,345 8,739 2,103 2,135 5,747 1,559 779 227 115 277 439 4,122

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

Total liabilities and capital 2,872,736 73,135 1,540,579 83,567 74,834 178,183 207,138 154,216 46,838 29,497 52,906 115,151 316,692

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 21, 2012 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation below.

7. Refer to table 5 and the note on consolidation below.

8. Refer to table 6 and the note on consolidation below.

9. Refer to table 7 and the note on consolidation below.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank

of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan

was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase

multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan

was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American

International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed

securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of

TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of

condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page

(and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table

(and table 1 and table 8).
H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 21, 2012

Federal Reserve notes outstanding 1,330,250

Less: Notes held by F.R. Banks not subject to collateralization 219,058

Federal Reserve notes to be collateralized 1,111,192

Collateral held against Federal Reserve notes 1,111,192

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,094,955

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,630,354

Less: Face value of securities under reverse repurchase agreements 80,554

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,549,800

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.