FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 20, 2012


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 19, 2012 
Federal Reserve Banks                                     Dec 19, 2012 Dec 12, 2012 Dec 21, 2011              

Reserve Bank credit                                         2,899,710   +   41,260   +   14,772    2,902,423  
  Securities held outright (1)                              2,668,946   +   38,039   +   40,286    2,671,525  
    U.S. Treasury securities                                1,659,699   -    1,821   -   14,138    1,658,851  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,574,011   -    3,088   -    3,269    1,573,166  
      Notes and bonds, inflation-indexed (2)                   74,740   +    1,197   +    6,272       74,740  
      Inflation compensation (3)                               10,948   +       70   +    1,281       10,945  
    Federal agency debt securities (2)                         79,283            0   -   25,413       79,283  
    Mortgage-backed securities (4)                            929,964   +   39,860   +   79,837      933,391  
  Repurchase agreements (5)                                         0            0            0            0  
  Loans                                                           839   -       86   -    8,709          864  
    Primary credit                                                 12   +        7   -        1           34  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                23   +        2   -        3           26  
    Term Asset-Backed Securities Loan Facility (6)                803   -       96   -    8,706          803  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,433   -        1   -    5,781        1,431  
  Net portfolio holdings of Maiden Lane II LLC (8)                 61            0   -    9,178           61  
  Net portfolio holdings of Maiden Lane III LLC (9)                22            0   -   17,699           22  
  Net portfolio holdings of TALF LLC (10)                         856            0   +       52          856  
  Float                                                          -764   +       14   +      105         -857  
  Central bank liquidity swaps (11)                            11,549   -      819   -   51,050       11,549  
  Other Federal Reserve assets (12)                           216,768   +    4,113   +   66,747      216,973  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (13)                             44,789   +       14   +      600       44,789  
                                                                                                              
Total factors supplying reserve funds                       2,960,740   +   41,273   +   15,372    2,963,454  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 19, 2012 
Federal Reserve Banks                                     Dec 19, 2012 Dec 12, 2012 Dec 21, 2011              

Currency in circulation (13)                                 1,156,752   +    1,973   +   90,303    1,159,983 
Reverse repurchase agreements (14)                             104,182   +    5,896   +   16,955      100,964 
  Foreign official and international accounts                  104,182   +    6,218   +   16,955      100,964 
  Others                                                             0   -      321            0            0 
Treasury cash holdings                                             144            0   +       28          148 
Deposits with F.R. Banks, other than reserve balances          113,901   +   37,730   -   95,212      151,988 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                54,986   +   16,006   -   57,418       75,017 
  Foreign official                                               6,007   +       52   +    5,817        6,000 
  Service-related                                                    0            0   -    2,489            0 
    Required clearing balances                                       0            0   -    2,489            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         52,908   +   21,672   -   41,122       70,971 
Other liabilities and capital (15)                              68,542   -    1,328   -    3,960       67,673 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,443,521   +   44,271   +    8,114    1,480,756 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,517,220   -    2,997   +    7,259    1,482,698 

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.                                                                               
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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Dec 19, 2012 
                                                          Dec 19, 2012 Dec 12, 2012 Dec 21, 2011              

Securities held in custody for foreign official and       
     international accounts                                  3,230,279   +   15,358   +  155,211    3,233,938 
  Marketable U.S. Treasury securities (1)                    2,878,361   +   17,113   +  241,429    2,882,762 
  Federal agency debt and mortgage-backed securities (2)       316,009   -    1,935   -   87,379      315,201 
  Other securities (3)                                          35,909   +      180   +    1,161       35,975 
Securities lent to dealers                                       5,881   -       26   -    8,920        6,949 
  Overnight facility (4)                                         5,881   -       26   -    8,920        6,949 
    U.S. Treasury securities                                     5,108   -       96   -    8,550        6,319 
    Federal agency debt securities                                 773   +       71   -      370          630 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the underlying mortgages.                                     
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 19, 2012   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       61           291             0           512             0           ...           864 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                     382             4            16       372,692       866,018       419,739     1,658,851 
  Weekly changes                        +      382    -      382    +        1    -   15,187    +    9,561    +    3,670    -    1,956 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   2,500         3,951        15,611        52,830         2,044         2,347        79,283 
  Weekly changes                                 0    +      756    -      756             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             3             1         2,280       931,107       933,391 
  Weekly changes                                 0             0             0             0    +      593    +    3,997    +    4,590 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)             4,402         7,147             0             0             0             0        11,549 
                                                                                                                                       
Reverse repurchase agreements (6)          100,964             0           ...           ...           ...           ...       100,964 
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 19, 2012  

Mortgage-backed securities held outright (1)                                                                               933,391  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          106,260  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    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
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 19, 2012  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,431  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 19, 2012  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                61  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 19, 2012  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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
Account name                                                                                                            Wednesday   
                                                                                                                      Dec 19, 2012  

Asset-backed securities holdings (1)                                                                                             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 York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                          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.                                      




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 19, 2012   Wednesday    Wednesday  
                                                        consolidation                Dec 12, 2012 Dec 21, 2011 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        2,126            0   -      171  
  Securities, repurchase agreements, and loans                            2,672,389   +    2,671   +   22,204  
    Securities held outright (1)                                          2,671,525   +    2,634   +   30,854  
      U.S. Treasury securities                                            1,658,851   -    1,956   -   25,398  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,573,166   -    1,948   -   14,539  
        Notes and bonds, inflation-indexed (2)                               74,740            0   +    6,272  
        Inflation compensation (3)                                           10,945   -        8   +    1,292  
      Federal agency debt securities (2)                                     79,283            0   -   25,413  
      Mortgage-backed securities (4)                                        933,391   +    4,590   +   81,665  
    Repurchase agreements (5)                                                     0            0            0  
    Loans                                                                       864   +       37   -    8,650  
  Net portfolio holdings of Maiden Lane LLC (6)                               1,431   -        3   -    5,804  
  Net portfolio holdings of Maiden Lane II LLC (7)                               61            0   -    9,182  
  Net portfolio holdings of Maiden Lane III LLC (8)                              22            0   -   17,711  
  Net portfolio holdings of TALF LLC (9)                                        856            0   +       45  
  Items in process of collection                                   (0)          133   +       22   -       58  
  Bank premises                                                               2,337   +        2   +      150  
  Central bank liquidity swaps (10)                                          11,549   -      819   -   51,050  
  Other assets (11)                                                         214,636   +    1,117   +   64,849  
                                                                                                               
Total assets                                                       (0)    2,921,776   +    2,988   +    3,270  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Dec 19, 2012   Wednesday    Wednesday  
                                                        consolidation                Dec 12, 2012 Dec 21, 2011 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,117,463   +    3,936   +   88,947 
  Reverse repurchase agreements (12)                                         100,964   -    1,480   +   10,894 
  Deposits                                                          (0)    1,634,685   +    9,486   -   91,908 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,482,698   -   65,531   -   23,861 
    U.S. Treasury, General Account                                            75,017   +   43,618   -   31,575 
    Foreign official                                                           6,000   +      159   +    5,574 
    Other                                                           (0)       70,971   +   31,241   -   42,045 
  Deferred availability cash items                                  (0)          990   -      180   -      262 
  Other liabilities and accrued dividends (13)                                12,945   -    8,777   -    5,246 
                                                                                                               
Total liabilities                                                   (0)    2,867,048   +    2,986   +    2,425 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,364   +        1   +      423 
  Surplus                                                                     27,364   +        1   +      423 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 54,728   +        2   +      845 

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.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         408       3,824          437         515         890       1,337         839         313         192         315         725       1,242
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             2,126          39          93          141         145         380         208         313          34          52         165         200         356
  Securities, repurchase agreements,        
     and loans                                 2,672,389      64,888   1,498,607       88,315      67,922     190,136     161,081     148,211      41,768      24,305      53,682     103,803     229,671
    Securities held outright (1)               2,671,525      64,886   1,497,802       88,315      67,922     190,136     161,075     148,205      41,767      24,287      53,672     103,803     229,656
      U.S. Treasury securities                 1,658,851      40,290     930,042       54,838      42,175     118,063     100,017      92,026      25,935      15,080      33,327      64,455     142,602
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,658,851      40,290     930,042       54,838      42,175     118,063     100,017      92,026      25,935      15,080      33,327      64,455     142,602
      Federal agency debt securities (2)          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 securities (4)             933,391      22,670     523,310       30,856      23,731      66,431      56,277      51,781      14,593       8,485      18,752      36,267      80,238
    Repurchase agreements (5)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            864           1         805            0           0           0           6           7           2          18          10           0          15
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (6)                                  1,431           0       1,431            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (7)                                  61           0          61            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (8)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)             856           0         856            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     133           0           0            0          14           0         117           0           1           0           0           0           0
  Bank premises                                    2,337         119         450           70         115         230         215         203         130         103         253         239         209
  Central bank liquidity swaps (10)               11,549         405       3,726        1,002         854       2,389         660         308          94          47         115         185       1,764
  Other assets (11)                              214,636       5,515     113,851        8,491       6,701      18,856      12,892      11,169       3,197       1,877       4,071       7,880      20,134
  Interdistrict settlement account                     0  +   17,220  -   70,478   -   14,218  -    1,633  -   36,136  +   36,217  -    4,780  +      848  +    3,242  -    6,799  +    3,153  +   73,365
                                                                                                                                                                                                         
Total assets                                   2,921,776      88,789   1,554,261       84,448      74,870     177,157     213,381     156,686      46,536      29,909      51,956     116,467     327,315

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,353,762      47,673     477,557      47,734      60,658     103,395     175,999      95,467      37,345      22,411      36,467      94,887     154,167
    Less: Notes held by F.R. Banks               236,299       6,662      93,684       4,947       8,963      12,426      26,310      13,418       4,149       3,351       6,906      28,743      26,741
      Federal Reserve notes, net               1,117,463      41,012     383,873      42,788      51,695      90,969     149,690      82,050      33,196      19,060      29,562      66,144     127,426
  Reverse repurchase agreements (12)             100,964       2,452      56,606       3,338       2,567       7,186       6,087       5,601       1,578         918       2,028       3,923       8,679
  Deposits                                     1,634,685      42,311   1,089,053      33,640      15,910      66,426      52,999      66,831      11,068       9,327      19,565      45,063     182,492
    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                           1,482,698      42,298     937,342      33,630      15,907      66,243      52,990      66,810      11,068       9,327      19,563      45,035     182,485
    U.S. Treasury, General Account                75,017           0      75,017           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,000           1       5,973           3           3           8           2           1           0           0           0           1           6
    Other                                         70,971          12      70,721           7           0         175           7          19           0           0           1          27           1
  Deferred availability cash items                   990           0           1           0          32           0         763           0           0         195           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                         2,061          40       1,172          70          51         154         122         108          29          17          36          78         183
  Other liabilities and accrued             
     dividends (14)                               10,883         285       6,067         379         347         929         603         536         208         163         210         382         774
                                                                                                                                                                                                        
Total liabilities                              2,867,048      86,100   1,536,771      80,215      70,602     165,663     210,265     155,126      46,079      29,680      51,402     115,590     319,554
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,364       1,345       8,745       2,116       2,134       5,747       1,558         780         228         115         277         439       3,881
  Surplus                                         27,364       1,345       8,745       2,116       2,134       5,747       1,558         780         228         115         277         439       3,881
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  2,921,776      88,789   1,554,261      84,448      74,870     177,157     213,381     156,686      46,536      29,909      51,956     116,467     327,315

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, December 19, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Dec 19, 2012  

Federal Reserve notes outstanding                                                            1,353,762  
  Less: Notes held by F.R. Banks not subject to collateralization                              236,299  
    Federal Reserve notes to be collateralized                                               1,117,463  
Collateral held against Federal Reserve notes                                                1,117,463  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,101,226  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       2,671,525  
  Less: Face value of securities under reverse repurchase agreements                            86,902  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        2,584,623  

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.