FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 18, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Oct 17, 2012 Week ended

Oct 17, 2012

Change from week ended

Oct 10, 2012 Oct 19, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,819,975 + 22,588 - 17,790 2,829,332

Securities held outright1 2,595,219 + 19,526 - 45,863 2,604,134

U.S. Treasury securities 1,650,125 - 7,264 - 15,837 1,659,084

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,566,976 - 8,567 - 2,095 1,575,696

Notes and bonds, inflation-indexed2 72,855 + 1,071 + 4,281 73,034

Inflation compensation3 10,294 + 231 + 399 10,354

Federal agency debt securities2 82,746 - 565 - 25,265 82,746

Mortgage-backed securities4 862,349 + 27,356 - 4,759 862,304

Repurchase agreements5 0 0 0 0

Loans 1,496 - 61 - 9,764 1,475

Primary credit 12 - 5 + 9 1

Secondary credit 0 0 0 0

Seasonal credit 61 - 25 + 19 52

Term Asset-Backed Securities Loan Facility6 1,423 - 31 - 9,792 1,421

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 - 24 - 12,783 1,554

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,795 61

Net portfolio holdings of Maiden Lane III LLC9 23 0 - 21,065 23

Net portfolio holdings of TALF LLC10 853 0 + 68 853

Float -722 + 25 + 371 -702

Central bank liquidity swaps11 12,877 - 74 + 11,024 12,877

Other Federal Reserve assets12 208,461 + 3,196 + 70,016 209,057

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,727 + 14 + 614 44,727

Total factors supplying reserve funds 2,880,943 + 22,602 - 17,176 2,890,300

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

Oct 17, 2012 Week ended

Oct 17, 2012

Change from week ended

Oct 10, 2012 Oct 19, 2011

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation13 1,135,638 - 966 + 92,841 1,136,266

Reverse repurchase agreements14 97,216 + 10,435 + 16,860 101,307

Foreign official and international accounts 97,216 + 10,435 + 16,860 101,307

Others 0 0 0 0

Treasury cash holdings 132 + 3 - 11 134

Deposits with F.R. Banks, other than reserve balances 94,838 - 2,401 - 7,957 79,300

Term deposits held by depository institutions 0 - 3,040 - 5,077 0

U.S. Treasury, General Account 58,473 - 7,372 + 15,070 68,600

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

Foreign official 5,571 + 9 + 5,441 5,561

Service-related 0 0 - 2,513 0

Required clearing balances 0 0 - 2,513 0

Adjustments to compensate for float 0 0 0 0

Other 30,794 + 8,003 - 20,878 5,139

Other liabilities and capital15 70,024 + 2,002 - 1,996 67,044

Total factors, other than reserve balances,

absorbing reserve funds 1,397,848 + 9,072 + 99,737 1,384,051

Reserve balances with Federal Reserve Banks 1,483,095 + 13,530 - 116,913 1,506,249

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

Oct 17, 2012 Week ended

Oct 17, 2012

Change from week ended

Oct 10, 2012 Oct 19, 2011

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,603,298 + 15,903 + 194,539 3,608,908

U.S. Treasury securities 2,905,820 + 22,621 + 219,839 2,912,370

Federal agency securities2 697,479 - 6,717 - 25,299 696,537

Securities lent to dealers 6,463 - 1,046 - 4,844 4,955

Overnight facility3 6,463 - 1,046 - 4,844 4,955

U.S. Treasury securities 5,946 - 1,090 - 4,103 4,448

Federal agency debt securities 517 + 44 - 741 507

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, October 17, 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 70 377 112 916 0 ... 1,475

U.S. Treasury securities2

Holdings 1 484 17 446,394 823,918 388,270 1,659,084

Weekly changes + 1 - 1 0 - 7,788 + 9,820 + 3,315 + 5,347

Federal agency debt securities3

Holdings 844 6,684 15,053 53,408 4,410 2,347 82,746

Weekly changes 0 + 1,565 - 1,078 - 487 0 0 0

Mortgage-backed securities4

Holdings 0 0 4 2 1,464 860,835 862,304

Weekly changes 0 0 0 0 + 1,158 + 26,142 + 27,299

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 3,560 9,317 0 0 0 0 12,877

Reverse repurchase agreements6 101,307 0 ... ... ... ... 101,307

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

Oct 17, 2012 Account name

Mortgage-backed securities held outright1 862,304

Commitments to buy mortgage-backed securities2 83,466

Commitments to sell mortgage-backed securities2 200

Cash and cash equivalents3 0

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

Oct 17, 2012 Account name

Net portfolio holdings of Maiden Lane LLC1 1,554

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.3 133

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

Oct 17, 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

Oct 17, 2012 Account name

Net portfolio holdings of Maiden Lane III LLC1 23

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

Oct 17, 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

Oct 17, 2012

Change since

Wednesday

Oct 10, 2012

Wednesday

Oct 19, 2011

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,172 - 2 - 111

Securities, repurchase agreements, and loans 2,605,609 + 32,562 - 45,646

Securities held outright1 2,604,134 + 32,647 - 35,866

U.S. Treasury securities 1,659,084 + 5,347 - 11,172

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,575,696 + 3,837 + 1,156

Notes and bonds, inflation-indexed2 73,034 + 1,250 + 5,438

Inflation compensation3 10,354 + 260 + 656

Federal agency debt securities2 82,746 0 - 24,922

Mortgage-backed securities4 862,304 + 27,299 + 229

Repurchase agreements5 0 0 0

Loans 1,475 - 84 - 9,780

Net portfolio holdings of Maiden Lane LLC6 1,554 - 178 - 11,566

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,797

Net portfolio holdings of Maiden Lane III LLC8 23 0 - 20,794

Net portfolio holdings of TALF LLC9 853 0 + 68

Items in process of collection (117) 139 - 62 - 123

Bank premises 2,347 + 2 + 164

Central bank liquidity swaps10 12,877 - 74 + 11,024

Other assets11 206,710 + 3,028 + 70,186

Total assets (117) 2,848,582 + 35,276 - 6,595

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

Oct 17, 2012

Change since

Wednesday

Oct 10, 2012

Wednesday

Oct 19, 2011

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,093,841 - 947 + 92,688

Reverse repurchase agreements12 101,307 + 12,972 + 20,839

Deposits (0) 1,585,549 + 23,874 - 115,947

Term deposits held by depository institutions 0 - 3,040 - 5,077

Other deposits held by depository institutions 1,506,249 + 36,454 - 65,437

U.S. Treasury, General Account 68,600 + 15,148 + 208

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

Foreign official 5,561 0 + 5,423

Other (0) 5,139 - 24,689 - 51,064

Deferred availability cash items (117) 841 - 518 - 555

Other liabilities and accrued dividends13 12,305 - 108 - 6,319

Total liabilities (117) 2,793,843 + 35,273 - 9,293

Capital accounts

Capital paid in 27,369 + 1 + 1,349

Surplus 27,369 + 1 + 1,349

Other capital accounts 0 0 0

Total capital 54,738 + 3 + 2,698

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, October 17, 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 2,172 52 107 148 148 385 204 316 34 Securities, repurchase agreements,

and loans 2,605,609 63,250 1,461,441 86,087 66,209 185,340 157,023 144,468 40,715 

Securities held outright1 2,604,134 63,250 1,460,019 86,087 66,208 185,340 157,011 144,466 40,713 

U.S. Treasury securities 1,659,084 40,296 930,173 54,846 42,181 118,079 100,031 92,039 25,938 

Bills2 0 0 0 0 0 0 0 0 0 Notes and bonds3 1,659,084 40,296 930,173 54,846 42,181 118,079 100,031 92,039 25,938 

Federal agency debt securities2 82,746 2,010 46,392 2,735 2,104 5,889 4,989 4,590 1,294 

Mortgage-backed securities4 862,304 20,944 483,455 28,506 21,924 61,371 51,991 47,837 13,481 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 1,475 0 1,421 0 1 0 12 2 2 

Net portfolio holdings of Maiden

Lane LLC6 1,554 0 1,554 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 23 0 23 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 256 2 0 55 24 6 123 8 4 Bank premises 2,347 121 455 68 122 229 214 203 130 Central bank liquidity swaps10 12,877 451 4,154 1,117 952 2,664 736 344 105 Other assets11 206,710 5,331 109,309 8,239 6,525 18,384 12,413 10,709 3,077 Interdistrict settlement account 0 + 2,467 - 63,016 - 14,874 + 3,334 - 31,271 + 33,390 - 3,765 + 2,100 + 

Total assets 2,848,699 72,278 1,520,582 81,487 78,066 177,039 206,094 153,545 46,629 

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, October 17, 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 1,316,110 46,527 461,160 47,849 61,064 102,069 177,423 94,521 37,405 

Less: Notes held by F.R. Banks 222,269 5,332 84,879 5,721 8,553 12,779 27,680 13,658 4,474 

Federal Reserve notes, net 1,093,841 41,195 376,281 42,128 52,511 89,290 149,743 80,863 32,931 

Reverse repurchase agreements12 101,307 2,461 56,798 3,349 2,576 7,210 6,108 5,620 1,584 

Deposits 1,585,549 25,616 1,062,984 31,306 18,317 68,401 46,270 64,881 11,408 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,506,249 25,609 983,970 31,276 18,314 68,206 46,260 64,859 11,408 

U.S. Treasury, General Account 68,600 0 68,600 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 5,561 1 5,534 3 3 8 2 1 0 Other 5,139 6 4,880 27 0 187 8 21 0 

Deferred availability cash items 958 31 0 92 47 21 225 25 27 Interest on Federal Reserve notes due

to U.S. Treasury13 1,558 32 871 57 41 118 100 83 24 

Other liabilities and accrued

dividends14 10,747 271 6,188 348 319 833 573 522 203 

Total liabilities 2,793,960 69,605 1,503,122 77,281 73,812 165,874 203,020 151,994 46,177 Capital

Capital paid in 27,369 1,336 8,730 2,103 2,127 5,583 1,537 775 226 Surplus 27,369 1,336 8,730 2,103 2,127 5,583 1,537 775 226 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,848,699 72,278 1,520,582 81,487 78,066 177,039 206,094 153,545 46,629 

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, October 17, 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

Oct 17, 2012 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,316,110

Less: Notes held by F.R. Banks not subject to collateralization 222,269

Federal Reserve notes to be collateralized 1,093,841

Collateral held against Federal Reserve notes 1,093,841

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,077,604

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,604,134

Less: Face value of securities under reverse repurchase agreements 86,860

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,517,275

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.