FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 10, 2013

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

Jan 9, 2013 Jan 2, 2013 Jan 11, 2012

Wednesday

Jan 9, 2013

Reserve Bank credit 2,905,605 + 9,314 + 22,866 2,911,042

Securities held outright1 2,674,807 + 8,516 + 79,989 2,679,380

U.S. Treasury securities 1,671,381 + 8,530 + 18,138 1,676,307

Bills2 0 0 - 18,423 0

Notes and bonds, nominal2 1,585,793 + 8,612 + 27,962 1,590,752

Notes and bonds, inflation-indexed2 74,740 0 + 7,231 74,740

Inflation compensation3 10,848 - 82 + 1,368 10,815

Federal agency debt securities2 76,723 - 60 - 26,588 76,361

Mortgage-backed securities4 926,703 + 45 + 88,439 926,712

Repurchase agreements5 0 0 0 0

Loans 565 - 49 - 8,272 559

Primary credit 7 - 21 + 2 0

Secondary credit 0 0 0 0

Seasonal credit 3 - 28 - 4 3

Term Asset-Backed Securities Loan Facility6 556 0 - 8,269 556

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,413 0 - 5,827 1,414

Net portfolio holdings of Maiden Lane II LLC8 61 0 - 9,082 61

Net portfolio holdings of Maiden Lane III LLC9 22 0 - 17,777 22

Net portfolio holdings of TALF LLC10 856 0 + 45 856

Float -866 - 170 + 74 -775

Central bank liquidity swaps11 8,991 + 102 - 83,290 8,991

Other Federal Reserve assets12 219,754 + 914 + 67,004 220,533

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 44,831 + 14 + 624 44,831

Total factors supplying reserve funds 2,966,677 + 9,328 + 23,490 2,972,114

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

Jan 9, 2013 Jan 2, 2013 Jan 11, 2012

Wednesday

Jan 9, 2013

Currency in circulation13 1,164,420 - 4,543 + 94,523 1,160,894

Reverse repurchase agreements14 99,482 - 13,640 + 11,330 94,967

Foreign official and international accounts 99,482 - 13,640 + 11,330 94,967

Others 0 0 0 0

Treasury cash holdings 156 + 6 + 24 167

Deposits with F.R. Banks, other than reserve balances 94,622 - 10,236 - 46,787 85,104

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 59,644 - 11,920 - 18,619 47,338

Foreign official 6,465 + 121 + 6,340 6,465

Service-related 0 0 - 2,484 0

Required clearing balances 0 0 - 2,484 0

Adjustments to compensate for float 0 0 0 0

Other 28,514 + 1,563 - 32,022 31,301

Other liabilities and capital15 64,972 - 1,418 - 6,169 65,480

Total factors, other than reserve balances,

absorbing reserve funds 1,423,652 - 29,831 + 52,920 1,406,612

Reserve balances with Federal Reserve Banks 1,543,024 + 39,158 - 29,432 1,565,502

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

Jan 9, 2013 Jan 2, 2013 Jan 11, 2012

Wednesday

Jan 9, 2013

Securities held in custody for foreign official and international

accounts 3,247,182 + 14,525 + 219,197 3,250,550

Marketable U.S. Treasury securities1 2,900,824 + 15,583 + 308,896 2,904,755

Federal agency debt and mortgage-backed securities2 310,426 - 1,026 - 90,890 309,949

Other securities3 35,932 - 31 + 1,191 35,846

Securities lent to dealers 7,223 - 696 - 1,393 8,449

Overnight facility4 7,223 - 696 - 1,393 8,449

U.S. Treasury securities 6,531 - 722 - 1,199 7,861

Federal agency debt securities 692 + 26 - 194 588

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, January 9, 2013

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 1 52 0 506 0 ... 559

U.S. Treasury securities2

Holdings 0 5 16 383,562 866,089 426,635 1,676,307

Weekly changes 0 0 0 + 5,088 + 3,686 + 1,414 + 10,189

Federal agency debt securities3

Holdings 1,250 3,058 16,396 51,266 2,044 2,347 76,361

Weekly changes - 422 + 370 + 1,194 - 1,564 0 0 - 422

Mortgage-backed securities4

Holdings 0 0 2 1 2,379 924,329 926,712

Weekly changes 0 0 0 0 + 14 + 6 + 21

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 981 8,010 0 0 0 0 8,991

Reverse repurchase agreements6 94,967 0 ... ... ... ... 94,967

Term deposits 0 0 0 ... ... ... 0

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

...Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jan 9, 2013

Mortgage-backed securities held outright1 926,712

Commitments to buy mortgage-backed securities2 146,781

Commitments to sell mortgage-backed securities2 9,300

Cash and cash equivalents3 40

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 Jan 9, 2013

Net portfolio holdings of Maiden Lane LLC1 1,414

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 Jan 9, 2013

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 Jan 9, 2013

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 Jan 9, 2013

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

Jan 9, 2013 Jan 2, 2013 Jan 11, 2012

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,120 + 17 - 225

Securities, repurchase agreements, and loans 2,679,939 + 9,759 + 77,792

Securities held outright1 2,679,380 + 9,788 + 85,861

U.S. Treasury securities 1,676,307 + 10,189 + 25,464

Bills2 0 0 - 18,423

Notes and bonds, nominal2 1,590,752 + 10,280 + 36,345

Notes and bonds, inflation-indexed2 74,740 0 + 6,232

Inflation compensation3 10,815 - 91 + 1,310

Federal agency debt securities2 76,361 - 422 - 26,040

Mortgage-backed securities4 926,712 + 21 + 86,438

Repurchase agreements5 0 0 0

Loans 559 - 28 - 8,069

Net portfolio holdings of Maiden Lane LLC6 1,414 + 1 - 5,832

Net portfolio holdings of Maiden Lane II LLC7 61 0 - 9,084

Net portfolio holdings of Maiden Lane III LLC8 22 0 - 17,844

Net portfolio holdings of TALF LLC9 856 0 + 45

Items in process of collection (0) 152 - 35 - 155

Bank premises 2,332 + 1 + 150

Central bank liquidity swaps10 8,991 + 102 - 82,468

Other assets11 218,202 + 1,728 + 66,443

Total assets (0) 2,930,325 + 11,572 + 28,822

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

Jan 9, 2013 Jan 2, 2013 Jan 11, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,118,345 - 8,516 + 91,757

Reverse repurchase agreements12 94,967 - 8,304 + 10,335

Deposits (0) 1,650,607 + 27,808 - 65,501

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,565,502 + 56,830 - 19,273

U.S. Treasury, General Account 47,338 - 37,120 - 18,729

Foreign official 6,465 + 155 + 6,340

Other (0) 31,301 + 7,942 - 33,840

Deferred availability cash items (0) 926 - 267 - 389

Other liabilities and accrued dividends13 10,759 + 850 - 8,301

Total liabilities (0) 2,875,603 + 11,570 + 27,900

Capital accounts

Capital paid in 27,361 + 1 + 461

Surplus 27,361 + 1 + 461

Other capital accounts 0 0 0

Total capital 54,722 + 2 + 921

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, January 9, 2013

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 2,120 39 90 140 147 376 210 314 35 53 166 200 351

Securities, repurchase agreements,

and loans 2,679,939 65,077 1,502,762 88,574 68,122 190,695 161,548 148,641 41,890 24,358 53,833 104,108 230,332

Securities held outright1 2,679,380 65,077 1,502,206 88,574 68,122 190,695 161,548 148,640 41,890 24,358 53,830 104,108 230,331

U.S. Treasury securities 1,676,307 40,714 939,829 55,415 42,619 119,305 101,070 92,994 26,207 15,239 33,678 65,133 144,103

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

Notes and bonds3 1,676,307 40,714 939,829 55,415 42,619 119,305 101,070 92,994 26,207 15,239 33,678 65,133 144,103

Federal agency debt securities2 76,361 1,855 42,812 2,524 1,941 5,435 4,604 4,236 1,194 694 1,534 2,967 6,564

Mortgage-backed securities4 926,712 22,508 519,565 30,635 23,561 65,955 55,874 51,410 14,488 8,425 18,618 36,008 79,664

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

Loans 559 0 556 0 0 0 0 0 0 0 3 0 0

Net portfolio holdings of Maiden

Lane LLC6 1,414 0 1,414 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 152 0 0 0 0 0 150 0 1 0 0 0 0

Bank premises 2,332 119 448 70 115 229 215 202 131 103 252 239 209

Central bank liquidity swaps10 8,991 315 2,900 780 665 1,860 514 240 74 37 89 144 1,374

Other assets11 218,202 5,599 116,034 8,547 6,765 19,042 13,123 11,390 3,266 1,915 4,150 7,970 20,401

Interdistrict settlement account 0 + 14,057 - 52,611 - 10,029 - 4,044 - 46,510 + 31,170 - 10,034 + 1,199 + 3,682 - 5,001 + 2,247 + 75,874

Total assets 2,930,325 85,810 1,577,619 88,730 72,521 166,993 208,921 152,016 47,057 30,429 53,958 115,914 330,356

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, January 9, 2013 (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 1,357,416 47,599 480,248 47,697 60,920 103,382 175,362 95,328 37,352 22,420 36,858 95,665 154,587

Less: Notes held by F.R. Banks 239,071 6,756 94,775 4,518 9,174 12,138 27,709 13,318 4,101 3,264 7,461 29,052 26,806

Federal Reserve notes, net 1,118,345 40,843 385,473 43,179 51,746 91,244 147,653 82,010 33,251 19,156 29,397 66,613 127,781

Reverse repurchase agreements12 94,967 2,307 53,243 3,139 2,414 6,759 5,726 5,268 1,485 863 1,908 3,690 8,164

Deposits 1,650,607 39,720 1,114,938 37,876 13,811 56,751 51,052 62,642 11,667 9,901 21,892 44,367 185,991

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 1,565,502 39,718 1,029,961 37,866 13,808 56,692 51,042 62,614 11,666 9,901 21,890 44,361 185,984

U.S. Treasury, General Account 47,338 0 47,338 0 0 0 0 0 0 0 0 0 0

Foreign official 6,465 1 6,438 3 3 8 2 1 0 0 0 1 6

Other 31,301 1 31,201 6 0 51 7 27 0 0 1 5 1

Deferred availability cash items 926 0 0 0 0 0 799 0 0 127 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,030 17 636 18 16 44 63 71 15 9 24 44 71

Other liabilities and accrued

dividends14 9,729 233 5,838 285 265 704 511 462 183 144 183 333 589

Total liabilities 2,875,603 83,120 1,560,128 84,497 68,253 155,501 205,803 150,455 46,601 30,200 53,403 115,046 322,596

Capital

Capital paid in 27,361 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880

Surplus 27,361 1,345 8,745 2,116 2,134 5,746 1,559 781 228 115 277 434 3,880

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

Total liabilities and capital 2,930,325 85,810 1,577,619 88,730 72,521 166,993 208,921 152,016 47,057 30,429 53,958 115,914 330,356

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, January 9, 2013 (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 Jan 9, 2013

Federal Reserve notes outstanding 1,357,416

Less: Notes held by F.R. Banks not subject to collateralization 239,071

Federal Reserve notes to be collateralized 1,118,345

Collateral held against Federal Reserve notes 1,118,345

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,102,108

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,679,380

Less: Face value of securities under reverse repurchase agreements 81,834

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,597,546

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.