FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  January 3, 2013


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   Jan 2, 2013 
Federal Reserve Banks                                      Jan 2, 2013 Dec 26, 2012  Jan 4, 2012              

Reserve Bank credit                                         2,896,291   -    8,914   -    4,355    2,899,219  
  Securities held outright (1)                              2,666,291   -    8,569   +   61,152    2,669,592  
    U.S. Treasury securities                                1,662,851   +    6,185   -      595    1,666,118  
      Bills (2)                                                     0            0   -   18,423            0  
      Notes and bonds, nominal (2)                          1,577,181   +    6,195   +   10,227    1,580,472  
      Notes and bonds, inflation-indexed (2)                   74,740            0   +    6,272       74,740  
      Inflation compensation (3)                               10,930   -       11   +    1,329       10,906  
    Federal agency debt securities (2)                         76,783   -      357   -   27,211       76,783  
    Mortgage-backed securities (4)                            926,658   -   14,396   +   88,959      926,691  
  Repurchase agreements (5)                                         0            0            0            0  
  Loans                                                           614   -       26   -    8,518          587  
    Primary credit                                                 28   +       11   -       78           29  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                31   +        1   +       11            3  
    Term Asset-Backed Securities Loan Facility (6)                556   -       37   -    8,451          556  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                 1,413   -       15   -    5,819        1,413  
  Net portfolio holdings of Maiden Lane II LLC (8)                 61            0   -    9,200           61  
  Net portfolio holdings of Maiden Lane III LLC (9)                22            0   -   17,727           22  
  Net portfolio holdings of TALF LLC (10)                         856            0   +       45          856  
  Float                                                          -696   -       52   +      164       -1,007  
  Central bank liquidity swaps (11)                             8,889            0   -   90,934        8,889  
  Other Federal Reserve assets (12)                           218,840   -      252   +   66,481      218,805  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (13)                             44,817   +       14   +      619       44,817  
                                                                                                              
Total factors supplying reserve funds                       2,957,349   -    8,900   -    3,735    2,960,278  

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   Jan 2, 2013 
Federal Reserve Banks                                      Jan 2, 2013 Dec 26, 2012  Jan 4, 2012              

Currency in circulation (13)                                 1,168,963   +    5,365   +   93,486    1,169,424 
Reverse repurchase agreements (14)                             113,122   +   11,762   +   16,825      103,271 
  Foreign official and international accounts                  113,122   +   11,762   +   16,825      103,271 
  Others                                                             0            0            0            0 
Treasury cash holdings                                             150   +        2   +       21          155 
Deposits with F.R. Banks, other than reserve balances          104,858   -   24,074   -   47,202      114,126 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                71,564   +   16,001   -   15,494       84,458 
  Foreign official                                               6,344   +      181   +    6,219        6,310 
  Service-related                                                    0            0   -    2,480            0 
    Required clearing balances                                       0            0   -    2,480            0 
    Adjustments to compensate for float                              0            0            0            0 
  Other                                                         26,951   -   40,255   -   35,446       23,359 
Other liabilities and capital (15)                              66,390   -    2,340   -    5,890       64,630 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,453,483   -    9,284   +   57,239    1,451,605 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,503,866   +      384   -   60,975    1,508,672 

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   Jan 2, 2013 
                                                           Jan 2, 2013 Dec 26, 2012  Jan 4, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,232,657   -    3,704   +  205,201    3,240,612 
  Marketable U.S. Treasury securities (1)                    2,885,241   -    2,350   +  296,637    2,893,418 
  Federal agency debt and mortgage-backed securities (2)       311,452   -    1,306   -   92,598      311,240 
  Other securities (3)                                          35,963   -       48   +    1,161       35,954 
Securities lent to dealers                                       7,919   -      752   -    6,145        7,508 
  Overnight facility (4)                                         7,919   -      752   -    6,145        7,508 
    U.S. Treasury securities                                     7,253   -      704   -    5,630        6,794 
    Federal agency debt securities                                 666   -       48   -      514          714 

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 2, 2013     

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)                                       29            52             0           506             0           ...           587 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0             5            16       378,474       862,403       425,221     1,666,118 
  Weekly changes                        -      382    +        1             0    +   13,204    -    3,613    -       20    +    9,188 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   1,672         2,688        15,202        52,830         2,044         2,347        76,783 
  Weekly changes                        +    1,250    -    1,250             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             2             1         2,365       924,323       926,691 
  Weekly changes                                 0             0             0             0    +        7    +      126    +      133 
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)             1,742         7,147             0             0             0             0         8,889 
                                                                                                                                       
Reverse repurchase agreements (6)          103,271             0           ...           ...           ...           ...       103,271 
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   
                                                                                                                       Jan 2, 2013  

Mortgage-backed securities held outright (1)                                                                               926,691  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          116,902  
Commitments to sell mortgage-backed securities (2)                                                                           1,600  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   55  



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   
                                                                                                                       Jan 2, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,413  
                                                                                                                                    
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   
                                                                                                                       Jan 2, 2013  

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   
                                                                                                                       Jan 2, 2013  

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   
                                                                                                                       Jan 2, 2013  

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        Jan 2, 2013   Wednesday    Wednesday  
                                                        consolidation                Dec 26, 2012  Jan 4, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        2,103   -       11   -      213  
  Securities, repurchase agreements, and loans                            2,670,180   +    9,296   +   56,029  
    Securities held outright (1)                                          2,669,592   +    9,321   +   64,421  
      U.S. Treasury securities                                            1,666,118   +    9,188   +    2,680  
        Bills (2)                                                                 0            0   -   18,423  
        Notes and bonds, nominal (2)                                      1,580,472   +    9,220   +   13,518  
        Notes and bonds, inflation-indexed (2)                               74,740            0   +    6,272  
        Inflation compensation (3)                                           10,906   -       32   +    1,313  
      Federal agency debt securities (2)                                     76,783            0   -   27,211  
      Mortgage-backed securities (4)                                        926,691   +      133   +   88,952  
    Repurchase agreements (5)                                                     0            0            0  
    Loans                                                                       587   -       26   -    8,393  
  Net portfolio holdings of Maiden Lane LLC (6)                               1,413   +        1   -    5,826  
  Net portfolio holdings of Maiden Lane II LLC (7)                               61            0   -    9,082  
  Net portfolio holdings of Maiden Lane III LLC (8)                              22            0   -   17,766  
  Net portfolio holdings of TALF LLC (9)                                        856            0   +       45  
  Items in process of collection                                   (0)          187   +       41   -      327  
  Bank premises                                                               2,331   -        8   +      149  
  Central bank liquidity swaps (10)                                           8,889            0   -   90,934  
  Other assets (11)                                                         216,474   +      576   +   66,608  
                                                                                                               
Total assets                                                       (0)    2,918,753   +    9,894   -    1,316  

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        Jan 2, 2013   Wednesday    Wednesday  
                                                        consolidation                Dec 26, 2012  Jan 4, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,126,861   +    2,283   +   94,327 
  Reverse repurchase agreements (12)                                         103,271   +    3,418   +   15,160 
  Deposits                                                          (0)    1,622,799   +    5,542   -  104,185 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,508,672   -   24,015   -   72,877 
    U.S. Treasury, General Account                                            84,458   +   28,779   -    2,573 
    Foreign official                                                           6,310   +      147   +    6,185 
    Other                                                           (0)       23,359   +      630   -   34,920 
  Deferred availability cash items                                  (0)        1,193   +      364   -    1,218 
  Other liabilities and accrued dividends (13)                                 9,909   -    1,706   -    6,321 
                                                                                                               
Total liabilities                                                   (0)    2,864,033   +    9,902   -    2,236 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,360   -        4   +      460 
  Surplus                                                                     27,360   -        4   +      460 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 54,720   -        8   +      920 

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, January 2, 2013
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                                             2,103          39          89          141         145         372         208         311          35          51         165         196         353
  Securities, repurchase agreements,        
     and loans                                 2,670,180      64,839   1,497,274       88,251      67,873     189,999     160,958     148,099      41,737      24,271      53,636     103,728     229,515
    Securities held outright (1)               2,669,592      64,839   1,496,719       88,251      67,873     189,999     160,958     148,097      41,737      24,269      53,633     103,728     229,490
      U.S. Treasury securities                 1,666,118      40,467     934,117       55,078      42,360     118,580     100,455      92,429      26,048      15,147      33,473      64,737     143,227
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,666,118      40,467     934,117       55,078      42,360     118,580     100,455      92,429      26,048      15,147      33,473      64,737     143,227
      Federal agency debt securities (2)          76,783       1,865      43,049        2,538       1,952       5,465       4,629       4,260       1,200         698       1,543       2,983       6,601
      Mortgage-backed securities (4)             926,691      22,508     519,554       30,634      23,561      65,954      55,873      51,409      14,488       8,424      18,618      36,007      79,663
    Repurchase agreements (5)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            587           0         556            0           0           0           0           2           0           2           3           0          25
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (6)                                  1,413           0       1,413            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                     187           1           0            0           1           0         183           0           1           1           0           0           0
  Bank premises                                    2,331         119         448           70         115         229         215         202         131         103         252         239         209
  Central bank liquidity swaps (10)                8,889         312       2,867          771         657       1,839         508         237          73          36          88         142       1,358
  Other assets (11)                              216,474       5,557     115,083        8,501       6,732      18,927      13,015      11,287       3,236       1,898       4,113       7,859      20,267
  Interdistrict settlement account                     0  +   14,351  -   69,776   -   14,705  -    1,829  -   32,039  +   32,342  -   11,156  +    1,345  +    2,858  -    3,939  +    4,608  +   77,941
                                                                                                                                                                                                         
Total assets                                   2,918,753      85,821   1,553,981       83,676      74,445     180,628     209,420     150,244      47,019      29,500      54,783     117,778     331,459

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, January 2, 2013 (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            1,354,322      47,613     477,138      47,720      60,682     103,381     175,691      95,358      37,315      22,390      36,457      95,589     154,987
    Less: Notes held by F.R. Banks               227,461       6,177      92,635       4,272       8,008      11,432      25,812      12,389       3,723       3,136       6,770      28,016      25,091
      Federal Reserve notes, net               1,126,861      41,436     384,503      43,448      52,674      91,950     149,879      82,970      33,591      19,254      29,687      67,573     129,896
  Reverse repurchase agreements (12)             103,271       2,508      57,899       3,414       2,626       7,350       6,227       5,729       1,615         939       2,075       4,013       8,878
  Deposits                                     1,622,799      38,958   1,088,107      32,294      14,610      69,156      48,610      59,501      11,171       8,806      22,280      44,980     184,326
    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                           1,508,672      38,949     974,122      32,278      14,607      69,095      48,600      59,474      11,170       8,806      22,278      44,973     184,319
    U.S. Treasury, General Account                84,458           0      84,458           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,310           1       6,283           3           3           8           2           1           0           0           0           1           6
    Other                                         23,359           7      23,244          13           0          53           7          26           0           0           1           6           1
  Deferred availability cash items                 1,193           0           0           0           0           0       1,066           0           0         126           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (13)                           461          12         273          14           9          21          30          27           8           5           7          19          35
  Other liabilities and accrued             
     dividends (14)                                9,448         218       5,708         273         258         659         491         455         178         140         179         325         563
                                                                                                                                                                                                        
Total liabilities                              2,864,033      83,132   1,536,490      79,443      70,177     169,136     206,303     148,683      46,563      29,270      54,229     116,910     323,698
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,360       1,345       8,745       2,116       2,134       5,746       1,559         781         228         115         277         434       3,880
  Surplus                                         27,360       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                  2,918,753      85,821   1,553,981      83,676      74,445     180,628     209,420     150,244      47,019      29,500      54,783     117,778     331,459

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, January 2, 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).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Jan 2, 2013  

Federal Reserve notes outstanding                                                            1,354,322  
  Less: Notes held by F.R. Banks not subject to collateralization                              227,461  
    Federal Reserve notes to be collateralized                                               1,126,861  
Collateral held against Federal Reserve notes                                                1,126,861  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,110,624  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       2,669,592  
  Less: Face value of securities under reverse repurchase agreements                            89,561  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        2,580,032  

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.